New Provenance Everlasting Holdings Limited (2326) AI Stock Analysis

• Market Cap: HK$210.84M
• Dividend Yield: N/A
• Average Volume (3M): 8.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: 28.43%
• EPS Growth: 21.74%
• Country: HK
• Employees: 135
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 21,084,072,000
• 10 Day Avg. Volume: 7,864,000
• 30 Day Avg. Volume: 8,467,000
• PEG Ratio: -0.10
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -59.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.01 ▲(0.00% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held down primarily by deteriorating profitability and negative free cash flow in the last two years, despite a low-leverage balance sheet. Technicals show a flat price trend with mixed momentum signals, and valuation is difficult to support with a negative P/E and no dividend yield data.

Positive Factors

Low leverage / conservative balance sheet

Minimal debt and a sizable equity base provide durable financial flexibility. With near-zero 2025 leverage the company can withstand operating losses longer, access funding on better terms, and prioritize operational fixes or selective investments without immediate solvency pressure.

Negative Factors

Material deterioration in profitability

Sustained negative gross profit and a ~-10% net margin meaningfully undermine the business model's economics. Over months this weakens reinvestment capacity, damages return metrics, and raises the risk that core operations cannot be made profitable without material restructuring or product/pricing changes.

New Provenance Everlasting Holdings Limited Business Overview & Revenue Model

Company Description

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People's Republic of China. It is also involved in the production and sale of industrial products;...

Read more

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People's Republic of China. It is also involved in the production and sale of industrial products;...

New Provenance Everlasting Holdings Limited Financial Statement Overview

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	470.31M	864.30M	1.89B	262.23M	601.95M
Gross Profit	-4.03M	12.03M	19.11M	10.91M	11.07M
EBITDA	-35.33M	-20.26M	12.34M	5.60M	3.63M
Net Income	-45.88M	-30.78M	1.84M	-5.45M	-18.30M
Balance Sheet
Total Assets	508.35M	560.36M	1.81B	625.02M	977.77M
Cash, Cash Equivalents and Short-Term Investments	3.13M	6.50M	7.53M	9.02M	7.52M
Total Debt	0.00	4.18M	6.49M	16.67M	21.84M
Total Liabilities	132.70M	133.97M	1.32B	103.00M	472.43M
Stockholders Equity	385.07M	435.63M	493.21M	531.08M	514.17M
Cash Flow
Free Cash Flow	-3.54M	-708.00K	8.16M	8.45M	-148.53M
Operating Cash Flow	6.91M	1.27M	11.17M	12.55M	-147.31M
Investing Cash Flow	-10.41M	-1.96M	-3.01M	-4.09M	155.47M
Financing Cash Flow	0.00	0.00	-9.56M	-6.88M	-6.96M

New Provenance Everlasting Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2623	66 Neutral	HK$2.73B	-10.74	13.67%	―	-70.82%	5182.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2326	46 Neutral	HK$210.84M	-6.15	-9.85%	―	28.43%	21.74%
1370	45 Neutral	HK$345.05M	-2.10	-43.81%	―	-6.51%	41.00%
8028	44 Neutral	HK$134.07M	-17.03	-34.59%	―	90.42%	48.07%
6128	38 Underperform	HK$56.48M	-0.76	-24.85%	―	-27.07%	47.86%