Tongda Hong Tai Holdings Ltd (HK:2363)
:2363
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Tongda Hong Tai Holdings Ltd
(2363)
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Rating:40Underperform
Price Target:
HK$0.30
▼(-24.36% Downside)
Action:Downgraded
Date:05/07/26
The score is primarily driven by weak financial performance—shrinking revenue, ongoing losses, negative equity, and inconsistent cash generation. Technicals add downside risk due to very weak momentum signals (low RSI/Stoch and negative MACD), while valuation offers limited support given the negative P/E and no dividend yield data.
Positive Factors
Improved gross margins
The shift from deeply negative to slightly positive gross margins across 2023–2025 indicates the company has begun to address core cost or pricing issues. Sustained positive gross margins are a structural prerequisite for eventual operating profitability and give management scope to rebuild margins as revenue stabilizes.
Negative Factors
Steep revenue decline
A multi‑year collapse in revenue erodes scale, weakens customer relationships, and reduces pricing power. Structural top‑line shrinkage compresses unit economics, makes fixed costs harder to cover, and lengthens the recovery path since rebuilding market share typically requires sustained investment and time.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved gross margins
The shift from deeply negative to slightly positive gross margins across 2023–2025 indicates the company has begun to address core cost or pricing issues. Sustained positive gross margins are a structural prerequisite for eventual operating profitability and give management scope to rebuild margins as revenue stabilizes.
Read all positive factors
Tongda Hong Tai Holdings Ltd (2363) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$81.69M
Dividend YieldN/A
Average Volume (3M)11.17K
Price to Earnings (P/E)―
Beta (1Y)-0.31
Revenue Growth-9.99%
EPS Growth-58.72%
CountryHK
Employees22
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.11
Shares Outstanding204,224,080
10 Day Avg. Volume12,342
30 Day Avg. Volume11,168
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)-0.39
Price to Sales (P/S)1.19
P/FCF Ratio-22.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tongda Hong Tai Holdings Ltd Business Overview & Revenue Model
Company Description
Tongda Hong Tai Holdings Limited, an investment holding company, manufactures and sells casings for notebooks and tablets in Mainland China. It also offers other related accessories. The company was founded in 2008 and is headquartered in Wan Chai...
How the Company Makes Money
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Tongda Hong Tai Holdings Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.44M | 71.59M | 91.26M | 150.54M | 370.69M |
| Gross Profit | 2.40M | 3.20M | 331.00K | -113.93M | -110.78M |
| EBITDA | -17.45M | -11.64M | -23.86M | -213.23M | -178.37M |
| Net Income | -23.80M | -25.66M | -37.85M | -231.42M | -196.96M |
Balance Sheet | |||||
| Total Assets | 124.94M | 164.61M | 87.70M | 146.38M | 433.85M |
| Cash, Cash Equivalents and Short-Term Investments | 84.90M | 85.29M | 6.28M | 7.60M | 11.04M |
| Total Debt | 10.12M | 261.09M | 73.28M | 213.69M | 305.08M |
| Total Liabilities | 321.03M | 336.00M | 320.90M | 349.80M | 476.85M |
| Stockholders Equity | -196.09M | -171.39M | -233.20M | -203.42M | -43.00M |
Cash Flow | |||||
| Free Cash Flow | -3.38M | 2.24M | -4.76M | -30.90M | -34.26M |
| Operating Cash Flow | -3.38M | 2.24M | -4.17M | -29.71M | -27.66M |
| Investing Cash Flow | 7.45M | 7.74M | 7.46M | -1.33M | -6.49M |
| Financing Cash Flow | -3.70M | 68.37M | -3.97M | 26.53M | 11.60M |
Tongda Hong Tai Holdings Ltd Technical Analysis
Positive
0.39
Price Trends
0.33
Positive
0.33
Positive
0.35
Positive
Market Momentum
0.02
Negative
63.71
Neutral
89.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2363, the sentiment is Positive. The current price of 0.39 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.33, and above the 200-day MA of 0.35, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 89.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2363.
Tongda Hong Tai Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$180.00M | 1.29 | 44.73% | ― | 35.25% | 133.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$68.32M | 5.52 | -3.24% | ― | -3.95% | ― | |
52 Neutral | HK$102.80M | -13.85 | -1.28% | 14.63% | -9.01% | 23.30% | |
48 Neutral | HK$120.00M | -1.63 | -3.32% | ― | 0.02% | 52.81% | |
43 Neutral | HK$49.40M | -0.65 | ― | ― | ― | ― | |
40 Underperform | HK$81.69M | -0.66 | -1.86% | ― | -9.99% | -58.72% |
* Technology Sector Average
HK:2363
Tongda Hong Tai Holdings Ltd
0.40
0.05
16.18%
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K&P International Holdings Ltd.
0.41
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19.12%
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0.37
0.09
32.14%
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China Silver Technology Holdings Limited
0.17
-0.55
-75.94%
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Keen Ocean International Holding Ltd.
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0.39
82.98%
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Hi-Level Technology Holdings Ltd.
0.47
0.02
4.44%
Tongda Hong Tai Holdings Ltd Corporate Events
Tongda Hong Tai Shareholders Approve All AGM Resolutions, Renew Capital Mandates
May 7, 2026
Tongda Hong Tai Holdings Limited reported that all resolutions proposed at its annual general meeting held on 7 May 2026 were approved by shareholders through poll voting. The meeting was attended by the company’s executive and independent n...
Tongda Hong Tai Sets 2026 AGM to Approve Accounts, Board Changes and Share Issue Mandate
Apr 15, 2026
Tongda Hong Tai Holdings Limited has convened its annual general meeting for 7 May 2026 in Hong Kong, where shareholders will vote on routine corporate matters including adoption of the 2025 audited financial statements and re-election of director...
Tongda Hong Tai Narrows Annual Loss as Revenue Declines
Mar 27, 2026
Tongda Hong Tai Holdings Limited reported a decline in revenue to HK$64.4 million for the year ended 31 December 2025, down about 10.1% from HK$71.6 million in 2024. The group’s cost of sales and operating expenses continued to weigh on perf...
Tongda Hong Tai Sets March Board Meeting to Approve 2025 Results and Weigh Dividend
Mar 13, 2026
Tongda Hong Tai Holdings Limited has scheduled a board meeting for 27 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the declarati...
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.