Tongda Hong Tai Holdings Ltd (2363) AI Stock Analysis

• Market Cap: HK$69.44M
• Dividend Yield: N/A
• Average Volume (3M): 7.22K
• Price to Earnings (P/E): 5.1
• Beta (1Y): -0.48
• Revenue Growth: -21.55%
• EPS Growth: 83.95%
• Country: HK
• Employees: 22
• Sector: Technology
• Sector Strength: 87
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.07
• Shares Outstanding: 204,224,080
• 10 Day Avg. Volume: 11,225
• 30 Day Avg. Volume: 7,216
• PEG Ratio: <0.01
• Price to Book (P/B): -0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.85
• 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

• Rating: 41 Neutral
• 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 Business Overview & Revenue Model

Company Description

Tongda 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 Money

Tongda 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	71.59M	91.26M	150.54M	370.69M	472.37M
Gross Profit	3.20M	331.00K	-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 Assets	164.61M	87.70M	146.38M	433.85M	611.89M
Cash, Cash Equivalents and Short-Term Investments	85.29M	6.28M	10.73M	14.37M	37.20M
Total Debt	254.88M	73.28M	213.69M	305.08M	284.91M
Total Liabilities	336.00M	320.90M	349.80M	476.85M	467.86M
Stockholders Equity	-171.39M	-233.20M	-203.42M	-43.00M	144.03M
Cash Flow
Free Cash Flow	2.24M	-4.76M	-30.90M	-34.26M	33.48M
Operating Cash Flow	2.24M	-4.17M	-29.71M	-27.66M	40.76M
Investing Cash Flow	5.07M	7.46M	-1.33M	-6.49M	-6.85M
Financing Cash Flow	68.37M	-3.97M	26.53M	11.60M	-29.88M

Tongda Hong Tai Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.34
• 50DMA: Negative
• 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: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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8070	60 Neutral	HK$90.00M	5.13	19.19%	―	-12.09%	2.21%
8113	57 Neutral	HK$56.69M	―	-4.06%	―	-20.15%	-142.26%
Sector *	56 Neutral	HK$13.54B	4.87	-5.76%	5.64%	8.06%	-42.52%
0675	48 Neutral	HK$102.80M	―	-3.26%	20.78%	-5.04%	65.30%
0889	45 Neutral	HK$89.60M	―	-6.54%	―	-17.74%	-111.62%
2363	41 Neutral	HK$69.44M	5.06		―	-21.55%	83.95%
0515	39 Underperform	HK$77.10M	―	-92.80%	―	-84.61%	-14.10%

Tongda Hong Tai Holdings Ltd Corporate Events

Tongda Hong Tai Holdings Announces Board Composition and Roles

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

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

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

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.