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Tongda Hong Tai Holdings Ltd (HK:2363)
:2363
Hong Kong Market

Tongda Hong Tai Holdings Ltd (2363) AI Stock Analysis

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HK

Tongda Hong Tai Holdings Ltd

(2363)

Rating:41Neutral
Price Target:
HK$0.50
▲(47.06%Upside)
The overall stock score reflects financial weaknesses, including declining revenues and high leverage, which weigh heavily on the score. Technical analysis provides a neutral outlook, while valuation highlights ongoing losses that hinder attractiveness. Improvements in cash flow are a positive sign, but not enough to significantly elevate the score.

Tongda Hong Tai Holdings Ltd (2363) vs. iShares MSCI Hong Kong ETF (EWH)

Tongda Hong Tai Holdings Ltd Business Overview & Revenue Model

Company DescriptionTongda Hong Tai Holdings Ltd (2363) is a company primarily engaged in the manufacture and sale of casings for telecommunication devices. The company operates within the consumer electronics sector and provides high-quality, innovative casing solutions that enhance the durability and aesthetics of mobile phones and other communication devices.
How the Company Makes MoneyTongda Hong Tai Holdings Ltd generates revenue through the production and sale of casings for telecommunication devices. The company's revenue model is centered around supplying these casings to manufacturers of mobile phones and other electronic devices. Key revenue streams include direct sales to major electronics manufacturers, and they may also have partnerships or contracts with leading mobile phone companies, which contribute to a steady flow of orders and sales. The company's focus on innovation and quality helps maintain its competitive edge in the market, ensuring continued demand for its products.

Tongda Hong Tai Holdings Ltd Financial Statement Overview

Summary
Tongda Hong Tai Holdings Ltd faces significant financial challenges marked by declining revenues, persistent losses, and high leverage. Despite some positive cash flow developments, overall profitability and financial health remain concerns. Continued focus on improving operational efficiency and managing debt is critical for future stability.
Income Statement
35
Negative
The company has been experiencing declining revenues with a significant drop from 2020 to 2024. Net profit margins are negative due to consistent net losses, and EBIT and EBITDA margins are also well below zero, indicating a lack of operational profitability. There is a slight improvement in gross profit margin in 2024, but overall financial performance remains weak.
Balance Sheet
30
Negative
The company is highly leveraged with negative stockholders' equity, leading to an unfavorable debt-to-equity ratio. The equity ratio is negative, reflecting a capital structure dominated by liabilities. Negative return on equity further highlights the company's inability to generate returns on shareholders' investments.
Cash Flow
45
Neutral
While operating cash flow turned positive in 2024, free cash flow remains low. The operating cash flow to net income ratio is improving, indicating better cash management, but free cash flow to net income is still weak. Overall, cash flow stability is lacking, though there are signs of potential improvement.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue71.59M91.26M150.54M370.69M472.37M
Gross Profit3.20M331.00K-113.93M-110.78M-17.46M
EBITDA-11.64M-23.86M-213.23M-178.37M-132.00M
Net Income-25.66M-37.85M-231.42M-196.96M-165.27M
Balance Sheet
Total Assets164.61M87.70M146.38M433.85M611.89M
Cash, Cash Equivalents and Short-Term Investments85.29M6.28M10.73M14.37M37.20M
Total Debt254.88M73.28M213.69M305.08M284.91M
Total Liabilities336.00M320.90M349.80M476.85M467.86M
Stockholders Equity-171.39M-233.20M-203.42M-43.00M144.03M
Cash Flow
Free Cash Flow2.24M-4.76M-30.90M-34.26M33.48M
Operating Cash Flow2.24M-4.17M-29.71M-27.66M40.76M
Investing Cash Flow5.07M7.46M-1.33M-6.49M-6.85M
Financing Cash Flow68.37M-3.97M26.53M11.60M-29.88M

Tongda Hong Tai Holdings Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.34
Price Trends
50DMA
0.36
Negative
100DMA
0.31
Positive
200DMA
0.32
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
40.51
Neutral
STOCH
42.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2363, the sentiment is Neutral. The current price of 0.34 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.36, and above the 200-day MA of 0.32, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.51 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2363.

Tongda Hong Tai Holdings Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
60
Neutral
HK$90.00M5.1319.19%-12.09%2.21%
57
Neutral
HK$56.69M-4.06%-20.15%-142.26%
56
Neutral
HK$13.54B4.87-5.76%5.64%8.06%-42.52%
48
Neutral
HK$102.80M-3.26%20.78%-5.04%65.30%
45
Neutral
HK$89.60M-6.54%-17.74%-111.62%
41
Neutral
HK$69.44M5.06
-21.55%83.95%
39
Underperform
HK$77.10M-92.80%-84.61%-14.10%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2363
Tongda Hong Tai Holdings Ltd
0.34
0.05
17.24%
HK:0889
Datronix Holdings Limited
0.28
>-0.01
-3.45%
HK:8113
Hi-Level Technology Holdings Ltd.
0.39
-0.29
-42.65%
HK:8070
Keen Ocean International Holding Ltd.
0.45
0.28
164.71%
HK:0515
China Silver Technology Holdings Limited
0.27
-0.19
-41.30%
HK:0675
K&P International Holdings Ltd.
0.38
0.05
15.15%

Tongda Hong Tai Holdings Ltd Corporate Events

Tongda Hong Tai Holdings Announces Board Composition and Roles
Jun 25, 2025

Tongda Hong Tai Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles and functions. The board consists of six directors, including two executive directors and four independent non-executive directors. The announcement also details the membership of the board’s three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee. This update provides stakeholders with clarity on the governance structure and the leadership roles within the company, potentially impacting its strategic direction and operational oversight.

Tongda Hong Tai Holdings Announces Leadership Reshuffle
Jun 25, 2025

Tongda Hong Tai Holdings Limited announced significant changes in its leadership structure. Mr. Wong Ming Li has resigned from his roles as Executive Director and CEO due to other business commitments, and Mr. Chan Shiu Man has been appointed as the new authorized representative. Additionally, Mr. Lee King On Jeff has been appointed as the Chairman of the Board, bringing over 15 years of experience in accounting and financial management to his new role. These leadership changes are expected to impact the company’s strategic direction and operational management, with further announcements anticipated regarding the appointment of a new CEO.

Tongda Hong Tai Holdings Announces Unanimous AGM Resolution Approval
May 8, 2025

Tongda Hong Tai Holdings Limited, a company incorporated in the Cayman Islands, announced the successful passing of all proposed resolutions at its Annual General Meeting (AGM) held on May 8, 2025. The resolutions included the adoption of financial statements, re-election of directors, and authorization for the board to determine directors’ remuneration and appoint auditors. Additionally, mandates were granted for issuing, allotting, and repurchasing shares. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

Tongda Hong Tai Holdings Announces Annual General Meeting and Key Resolutions
Apr 15, 2025

Tongda Hong Tai Holdings Limited has announced its upcoming annual general meeting scheduled for May 8, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of the 2024 financial statements, re-election of directors, and authorization of directors’ and auditors’ remuneration. Additionally, the company seeks approval to allot and issue shares, with specific conditions outlined for the share issuance process. This announcement signifies the company’s ongoing governance and operational planning, potentially impacting its strategic direction and shareholder engagement.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 27, 2025