Hailiang International Holdings Limited (2336) AI Stock Analysis

• Market Cap: HK$463.06M
• Dividend Yield: N/A
• Average Volume (3M): 593.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 13.26%
• EPS Growth: 7.89%
• Country: HK
• Employees: 288
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Distribution
• EPS (TTM): 0.00
• Shares Outstanding: 1,815,910,800
• 10 Day Avg. Volume: 442,000
• 30 Day Avg. Volume: 593,086
• PEG Ratio: 0.80
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.97
• P/FCF Ratio: -48.12
• 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: 48 Neutral
• Price Target: HK$0.24 ▼(-6.54% Downside)

The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow—despite a low-debt balance sheet and recent revenue growth. Technical indicators are neutral-to-slightly positive and provide some support, while valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.

Positive Factors

Low leverage / strong equity position

A very low-debt balance sheet and ~87% equity ratio materially reduce solvency and refinancing risk over cycles. This structural strength gives management flexibility to fund operations, capex, or strategic moves without immediate liquidity strain, aiding resilience in downturns.

Material recent revenue growth

A 33.2% top-line increase indicates durable demand for the company's copper products and scaling of sales channels. Sustained revenue expansion can enable fixed-cost absorption, support operational leverage, and provide a runway to restore margins if management addresses cost structure.

Long-term contracts and distribution footprint

Established long-term client contracts and strategic supplier partnerships create predictable revenue streams and procurement stability. A diversified domestic and international distribution network supports resilient demand exposure across construction, electrical and export markets, reducing single-market risk.

Negative Factors

Persistent net losses and negative margins

Ongoing net losses and negative operating margins show the core business is not currently profitable. Over time this erodes equity, limits reinvestment capacity, and indicates structural cost or pricing issues that must be fixed to achieve sustainable shareholder returns.

Negative operating and free cash flow

Persistent negative operating and free cash flow undermine internal funding for working capital and capex. Long-term negative cash generation forces reliance on external financing or asset disposals, raising liquidity and execution risks in a cyclical commodity business.

Negative ROE and limited return enhancement

A negative ROE despite strong equity capitalization means shareholder capital is not earning returns. While low leverage reduces risk, it also limits the ability to amplify returns through prudent financing; without profit recovery, capital efficiency will remain weak long term.

Hailiang International Holdings Limited Business Overview & Revenue Model

Company Description

Hailiang International Holdings Limited, an investment holding company, engages in the development and provision of electronic turnkey device solutions in Hong Kong, rest of the People's Republic of China, and Singapore. The company is also involved in the manufacture and sale of microcontrollers for home electrical appliances. In addition, it engages in the property development business; and sale of metals, such as copper and nickel. The company was formerly known as Sunlink International Holdings Limited and changed its name to Hailiang International Holdings Limited in February 2015. The company was incorporated in 2003 and is headquartered in Central, Hong Kong. Hailiang International Holdings Limited is a subsidiary of Rich Pro Investments Limited.

How the Company Makes Money

Hailiang International Holdings Limited generates revenue primarily through the sale of its copper products to various industries. The company's key revenue streams include the direct sale of copper pipes, fittings, and rods to manufacturers and distributors, as well as export sales to international markets. The company benefits from long-term contracts with key clients, which provide a steady stream of income. Additionally, Hailiang engages in strategic partnerships with suppliers and manufacturers to enhance its production efficiency and reduce costs, further contributing to its profitability. Market demand for copper products, driven by infrastructure development and industrial growth, is a significant factor influencing the company's earnings.

Hailiang International Holdings Limited Financial Statement Overview

Summary

Weak overall financials: persistent net losses and negative EBIT/EBITDA margins, plus negative operating and free cash flow. A strong equity position and very low leverage reduce balance-sheet risk, and revenue grew 33.2% (2023–2024), but profitability and cash generation remain the key issues.

Income Statement

Hailiang International Holdings Limited's income statement reveals persistent net losses over recent years, despite a modest increase in revenue. The company experienced a revenue growth rate of 33.2% from 2023 to 2024, highlighting some potential upside in sales. However, the net profit margin remains negative, indicating ongoing profitability challenges. The negative EBIT and EBITDA margins point to operational inefficiencies or high costs relative to revenue.

Balance Sheet

The balance sheet shows a strong equity position with no significant debt, resulting in a favorable debt-to-equity ratio close to zero. Despite this, the company's return on equity (ROE) is negative due to ongoing losses, which is a concern for potential investors. The equity ratio is robust at around 87.3%, reflecting a solid capitalization structure that mitigates financial risk but underscores a lack of leverage to boost returns.

Cash Flow

Cash flow analysis indicates negative operating cash flow and free cash flow, which highlight liquidity issues and the need for external financing if this trend continues. The free cash flow to net income ratio is not favorable, suggesting inefficiencies in converting net income into cash flow. There is no significant improvement in cash flow metrics, indicating persistent operational cash challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	193.76M	182.76M	137.16M	122.14M	707.74M	419.31M
Gross Profit	17.05M	16.27M	9.31M	8.19M	8.51M	7.35M
EBITDA	-5.19M	-1.96M	-9.31M	-6.98M	-7.90M	-7.91M
Net Income	-6.29M	-8.13M	-11.31M	-9.81M	-9.75M	-9.81M
Balance Sheet
Total Assets	424.52M	394.95M	404.60M	426.50M	463.25M	514.08M
Cash, Cash Equivalents and Short-Term Investments	75.47M	76.53M	82.14M	93.88M	100.68M	110.03M
Total Debt	4.20M	127.00K	1.68M	4.94M	0.00	0.00
Total Liabilities	51.19M	40.60M	41.06M	48.51M	47.64M	36.32M
Stockholders Equity	363.53M	344.89M	356.67M	367.28M	403.26M	465.72M
Cash Flow
Free Cash Flow	-6.82M	-3.70M	-9.00M	-7.32M	-9.59M	-15.82M
Operating Cash Flow	-5.88M	-3.42M	-8.88M	-1.90M	-7.97M	-13.97M
Investing Cash Flow	-1.06M	1.64M	258.00K	-5.09M	-1.60M	-1.82M
Financing Cash Flow	-1.22M	-1.17M	-3.35M	216.00K	-154.00K	-135.00K

Hailiang International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2336, the sentiment is Neutral. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.24, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.90 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2336.

Hailiang International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
8257	59 Neutral	HK$242.00M	28.81	3.83%	―	-13.07%	-34.88%
1967	57 Neutral	HK$123.00M	-14.75	-2.32%	―	-6.45%	-596.43%
2336	48 Neutral	HK$463.06M	-71.43	-1.74%	―	13.26%	7.89%
1912	46 Neutral	HK$73.79M	-0.68	―	―	―	―
2203	46 Neutral	HK$168.80M	-1.10	―	―	-47.92%	-869.15%
8490	41 Neutral	HK$85.37M	-1.13	-41.46%	―	-26.02%	-4977.27%

Hailiang International Holdings Limited Corporate Events

Shuoao International Reshapes Top Management With New Chairman and CEO

Shuoao International Holdings Limited has announced a series of senior leadership changes effective 19 December 2025, including the resignation of Chairman and Executive Director Cao Jianguo, who is stepping down to focus on other business commitments. Existing Executive Director Feng Luming has been appointed as the new Chairman, authorised representative under the Listing Rules and member of the Nomination Committee, while Ji Siyi joins the board as an Executive Director and assumes the role of Chief Executive Officer, replacing Feng in that position. The company emphasised that Cao’s departure is amicable and without disagreement with the board, and the reshuffle consolidates leadership responsibilities among Feng and Ji, signalling a planned transition in governance and management oversight that may shape the Group’s strategic direction going forward.

The most recent analyst rating on (HK:2336) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Hailiang International Holdings Limited stock, see the HK:2336 Stock Forecast page.

Shuoao International Sets Out Board and Committee Structure

Shuoao International Holdings Limited has announced the current composition of its board of directors, led by Chairman and executive director Feng Luming and Chief Executive Officer and executive director Ji Siyi, alongside executive director Dr. Jin Xiaozheng and three independent non-executive directors, Mr. Chiu King Yan, Dr. Chan Wing Mui Helen, and Mr. Wang Cheung Yue. The company has also detailed the membership and chairmanship of its four board committees—Audit, Remuneration, Nomination and Credit Committees—clarifying the allocation of governance responsibilities among directors, which underscores its focus on maintaining transparent oversight, risk management, and compliance in line with Hong Kong listing requirements.

The most recent analyst rating on (HK:2336) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Hailiang International Holdings Limited stock, see the HK:2336 Stock Forecast page.