Coolpad Group (2369) AI Stock Analysis

• Market Cap: HK$252.27M
• Dividend Yield: N/A
• Average Volume (3M): 2.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: 8.62%
• EPS Growth: -24.87%
• Country: HK
• Employees: 225
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): -0.20
• Shares Outstanding: 331,930,200
• 10 Day Avg. Volume: 2,463,196
• 30 Day Avg. Volume: 2,162,537
• PEG Ratio: 0.00
• Price to Book (P/B): 21.84
• Price to Sales (P/S): 78.73
• P/FCF Ratio: -72.91
• 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: 40 Underperform
• Price Target: HK$0.69 ▼(-24.57% Downside)

The score is primarily held down by weak financial performance (ongoing losses, negative cash flow, and balance sheet pressure). Technicals are also bearish with the stock trading below key moving averages, despite oversold readings. Valuation adds limited support because the company is unprofitable and has no dividend yield data.

Positive Factors

Revenue Growth Upside

A return to positive revenue growth in 2024 (8.6% y/y) signals recovering end-market demand and potential to scale operations. Sustained top-line growth would allow better absorption of fixed costs, support margin recovery, and improve cash generation, reducing long-term financing needs.

Liquidity Cushion

Having a moderate cash and short-term investments buffer provides operational runway amid ongoing losses. This liquidity cushion lowers immediate refinancing pressure, lets management execute restructuring or product investments, and buys time for revenue and margin recovery efforts to materialize.

Diversified Revenue Streams

A business model combining handset sales, software services, and carrier partnerships diversifies income beyond pure device volumes. Carrier bundling and software monetization offer structural upside via recurring or higher-margin streams and broader distribution, improving long-term resilience.

Negative Factors

Negative Cash Flow

Persistent negative operating and free cash flow shows the company cannot internally fund operations or reinvest. Over months this erodes liquidity, increases reliance on external financing, and limits spending on R&D, marketing, and supply chain needed to regain competitiveness and scale.

Rising Leverage

Increasing debt-to-equity alongside declining shareholders' equity indicates rising leverage while profitability is negative. This elevates interest burdens, reduces financial flexibility, and heightens refinancing and solvency risk, constraining strategic options and investment capacity over the medium term.

Structural Unprofitability

Chronic negative gross, net, and operating margins point to structural unprofitability and operational inefficiencies. Without sustained margin improvement or a shift to higher-margin revenue, the firm will struggle to convert sales into lasting profits and cash, undermining long-term viability.

Coolpad Group Business Overview & Revenue Model

Company Description

Coolpad Group Limited, an investment holding company, operates as a wireless solution and equipment provider in Mainland China and internationally. It operates through two segments: Mobile Phone and Property Investment. The Mobile Phone segment engages in the research, development, production, and sale of mobile phones and related accessories; and provision of wireless application services. The Property Investment segment invests in properties. It also offers product design and software development for mobile handsets; mobile phone maintenance services; and property management services. The company was formerly known as China Wireless Technologies Limited and changed its name to Coolpad Group Limited in January 2014. Coolpad Group Limited was founded in 1993 and is headquartered in Shenzhen, China.

How the Company Makes Money

Coolpad generates revenue primarily through the sale of its mobile devices, including smartphones and tablets, which are marketed under the Coolpad brand. The company benefits from various revenue streams, including direct sales to consumers, partnerships with telecommunications carriers, and distribution agreements with third-party retailers. Additionally, Coolpad earns income from software services and applications that enhance the user experience of its devices. Strategic partnerships with telecom operators for bundled service offerings and promotional sales also significantly contribute to its earnings, allowing the company to expand its market reach and improve its sales volume.

Coolpad Group Financial Statement Overview

Summary

Weak fundamentals dominate: declining multi-year revenue trend with only a recent uptick, persistently negative gross/net margins and negative EBIT/EBITDA, negative operating and free cash flow, and rising leverage with declining equity.

Income Statement

The company's income statement reveals significant challenges. Revenue has seen a decline over several years, with a recent uptick in 2024. However, profitability remains a major concern, with negative net and gross profit margins. The EBIT and EBITDA margins are also negative, indicating ongoing operational inefficiencies. Revenue growth from 2023 to 2024 is positive, but sustainability is uncertain given historical trends.

Balance Sheet

The balance sheet presents a mixed picture. The debt-to-equity ratio has increased, highlighting rising leverage concerns. Stockholders' equity has decreased, affecting the equity ratio. The return on equity is negative, a reflection of ongoing net losses. Despite these challenges, the company maintains a moderate level of cash and short-term investments, providing some liquidity cushion.

Cash Flow

Cash flow analysis indicates persistent issues with cash management. Operating cash flow is negative, and free cash flow remains deeply in the red, albeit with some improvement in 2024. The free cash flow to net income ratio is unfavorable, suggesting that the company struggles to convert revenue into cash. Financing activities have been a source of cash, but reliance on external financing is a potential risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	421.64M	499.33M	307.36M	207.63M	665.38M	811.76M
Gross Profit	45.86M	72.32M	107.42M	-144.35M	32.55M	120.41M
EBITDA	-188.62M	-173.16M	-200.14M	-579.48M	-446.66M	-171.00M
Net Income	-242.24M	-252.16M	-220.93M	-625.45M	-572.38M	-338.26M
Balance Sheet
Total Assets	4.41B	4.42B	4.44B	4.27B	5.13B	4.32B
Cash, Cash Equivalents and Short-Term Investments	278.67M	192.02M	155.80M	248.50M	814.81M	208.77M
Total Debt	1.23B	1.20B	548.11M	192.46M	418.21M	699.18M
Total Liabilities	2.64B	2.62B	2.34B	2.04B	2.58B	3.00B
Stockholders Equity	1.77B	1.80B	2.09B	2.24B	2.54B	1.32B
Cash Flow
Free Cash Flow	-126.65M	-539.18M	-740.66M	-612.77M	-765.96M	-502.73M
Operating Cash Flow	104.55M	-134.09M	-51.48M	-193.96M	-512.72M	-303.99M
Investing Cash Flow	-205.58M	-509.04M	-550.56M	-502.64M	-215.74M	-22.13M
Financing Cash Flow	67.52M	646.76M	432.01M	136.56M	1.31B	232.60M

Coolpad Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2369, the sentiment is Negative. The current price of 0.92 is above the 20-day moving average (MA) of 0.85, below the 50-day MA of 1.06, and below the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 36.32 is Neutral, neither overbought nor oversold. The STOCH value of 39.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2369.

Coolpad Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1810	70 Outperform	HK$924.56B	18.97	19.56%	―	35.67%	122.22%
1070	66 Neutral	HK$30.28B	13.48	13.06%	2.96%	21.26%	94.52%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1401	54 Neutral	HK$1.53B	70.83	4.74%	―	-0.54%	-46.27%
0751	53 Neutral	HK$13.45B	47.40	1.76%	―	6.10%	-70.77%
6133	46 Neutral	HK$161.50M	-7.45	-4.14%	―	3.70%	5.90%
2369	40 Underperform	HK$252.27M	-1.28	-13.04%	―	8.62%	-24.87%

Coolpad Group Corporate Events

Coolpad Group Renews Key Management Agreements with Shenzhen Kingkey

Coolpad Group Limited has announced the renewal of its continuing connected transactions with Shenzhen Kingkey through the signing of two agreements: the 2025 Property Management Services Agreement and the 2025 Industrial Park Management Services Agreement. These agreements, effective from January 1, 2026, to December 31, 2028, involve the provision of property management services and are subject to new annual caps. The transactions are considered connected due to the relationship between Shenzhen Kingkey and a substantial shareholder of Coolpad, Mr. Chen Jiajun. As the highest applicable percentage ratio for these transactions is more than 0.1% but less than 5%, they are subject to reporting and announcement requirements but exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.

Coolpad Group Relocates Hong Kong Office to Enhance Regional Presence

Coolpad Group Limited has announced a change in its principal place of business in Hong Kong, effective from November 30, 2025. This strategic move to a new location at Central Plaza, Wanchai, is part of the company’s ongoing efforts to optimize its operations and strengthen its presence in the region.

The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.

Coolpad Group Secures Share Repurchase Mandate at EGM

Coolpad Group Limited held an extraordinary general meeting on November 27, 2025, where a resolution to refresh the general mandate to repurchase shares was passed with overwhelming support. This decision allows the company to repurchase its shares, potentially impacting its stock liquidity and market valuation, while reflecting shareholder confidence in the company’s strategic direction.

The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.

Coolpad Group Announces Share Repurchase Plan at Upcoming EGM

Coolpad Group Limited has announced an extraordinary general meeting scheduled for November 27, 2025, to discuss and potentially approve a resolution allowing the company to repurchase up to 10% of its shares. This move could impact the company’s stock liquidity and shareholder value, reflecting a strategic decision to manage its equity structure and potentially enhance shareholder returns.

The most recent analyst rating on (HK:2369) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.