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Cloud Factory Technology Holdings Limited
(2512)
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Rating:48Neutral
Price Target:
HK$3.00
▼(-16.67% Downside)
Action:Reiterated
Date:05/02/26
The score is held back primarily by inconsistent cash generation (large 2024 outflows and sharply weaker 2025 free cash flow) and thin, deteriorating margins despite strong 2025 revenue growth. Technicals are also weak with the price below major moving averages. Valuation adds pressure due to a very high P/E and no provided dividend yield.
Positive Factors
Sustained Revenue Momentum
Revenue accelerated 23.4% in 2025 after a near‑flat 2024, evidencing durable demand and commercial traction. Strong top‑line momentum provides a foundation for scale, better fixed‑cost absorption and potential market share gains over the medium term if execution persists.
Negative Factors
Thinning Profitability
Gross margin declined to ~10.2% from ~12.7% and net margin to ~1.2% from ~1.7%, signaling persistent margin pressure. Continued compression limits the company’s ability to fund reinvestment from earnings and undermines sustainable earnings power despite top‑line growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Momentum
Revenue accelerated 23.4% in 2025 after a near‑flat 2024, evidencing durable demand and commercial traction. Strong top‑line momentum provides a foundation for scale, better fixed‑cost absorption and potential market share gains over the medium term if execution persists.
Read all positive factors
Cloud Factory Technology Holdings Limited (2512) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.49B
Dividend YieldN/A
Average Volume (3M)7.88M
Price to Earnings (P/E)100.1
Beta (1Y)0.01
Revenue Growth33.54%
EPS Growth-4.91%
CountryHK
Employees107
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding505,985,000
10 Day Avg. Volume9,777,961
30 Day Avg. Volume7,875,387
Financial Highlights & Ratios
PEG Ratio-10.02
Price to Book (P/B)3.45
Price to Sales (P/S)1.79
P/FCF Ratio262.17
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)0.1
Revenue Forecast (FY)HK$1.00B
Cloud Factory Technology Holdings Limited Business Overview & Revenue Model
Company Description
Cloud Factory Technology Holdings Limited, established in Wuxi, People's Republic of China in 2013, operates primarily within the Chinese market, delivering a comprehensive suite of internet data center (IDC) and information and communications tec...
Cloud Factory Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
57
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 943.50M | 707.63M | 695.95M | 548.75M | 464.28M |
| Gross Profit | 96.01M | 89.62M | 87.64M | 68.94M | 56.44M |
| EBITDA | 26.60M | 16.10M | 22.29M | 11.64M | 18.40M |
| Net Income | 11.55M | 12.09M | 13.92M | 8.03M | 12.69M |
Balance Sheet | |||||
| Total Assets | 1.38B | 911.41M | 501.74M | 313.28M | 252.94M |
| Cash, Cash Equivalents and Short-Term Investments | 604.05M | 371.88M | 162.34M | 77.99M | 47.01M |
| Total Debt | 398.27M | 263.31M | 167.99M | 67.20M | 42.08M |
| Total Liabilities | 863.07M | 505.49M | 446.84M | 267.60M | 215.29M |
| Stockholders Equity | 490.51M | 402.44M | 54.14M | 45.68M | 37.64M |
Cash Flow | |||||
| Free Cash Flow | 6.46M | -255.27M | 21.03M | 8.05M | 62.57M |
| Operating Cash Flow | 42.78M | -237.99M | 33.91M | 16.55M | 68.28M |
| Investing Cash Flow | -10.96M | 15.54M | -121.32M | -7.39M | -5.35M |
| Financing Cash Flow | 202.60M | 424.78M | 171.76M | 21.82M | -16.82M |
Cloud Factory Technology Holdings Limited Technical Analysis
Neutral
3.60
Price Trends
3.02
Negative
3.15
Negative
3.46
Negative
Market Momentum
-0.03
Negative
50.44
Neutral
61.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2512, the sentiment is Neutral. The current price of 3.6 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 3.02, and above the 200-day MA of 3.46, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 50.44 is Neutral, neither overbought nor oversold. The STOCH value of 61.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2512.
Cloud Factory Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$495.57M | 3.42 | 1.74% | 2.52% | 13.62% | ― | |
58 Neutral | HK$1.76B | 11.63 | 9.88% | ― | 10.65% | 120.39% | |
56 Neutral | HK$49.15B | 14.99 | 10.18% | ― | 9.83% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | HK$3.04B | 77.12 | -4.20% | 2.65% | 26.48% | ― | |
48 Neutral | HK$1.49B | 100.13 | 2.55% | ― | 33.54% | -4.91% | |
45 Neutral | HK$8.00B | 19.36 | 2.73% | 1.06% | 0.47% | -36.22% |
* General Sector Average
HK:2512
Cloud Factory Technology Holdings Limited
2.95
-1.65
-35.87%
HK:0354
Chinasoft International
2.96
-2.51
-45.90%
HK:0861
Digital China Holdings
1.82
-1.22
-40.13%
HK:9698
GDS Holdings Ltd.
30.66
-4.84
-13.63%
HK:1075
Capinfo Co., Ltd. Class H
1.71
-0.35
-17.07%
HK:2416
Edianyun Limited
3.31
1.11
50.45%
Cloud Factory Technology Holdings Limited Corporate Events
Cloud Factory Technology Wins Unanimous Shareholder Backing at AGM
Jun 23, 2026
Shareholders of Cloud Factory Technology Holdings Limited unanimously approved all resolutions at the annual general meeting held on 23 June 2026, including adoption of the 2025 audited financial statements and re-election of all retiring executiv...
Cloud Factory Technology Names Red Solar as Compliance Adviser After HKEX Disciplinary Action
May 6, 2026
Cloud Factory Technology Holdings has appointed Red Solar Capital Limited as its ongoing compliance adviser, following a disciplinary action taken by the Hong Kong Stock Exchange over breaches of listing rules by the company and certain former and...
Cloud Factory Technology Sets 2026 AGM to Approve Financials, Board Slate and Share Issuance Mandate
Apr 27, 2026
Cloud Factory Technology Holdings has called its annual general meeting for 23 June 2026 in Wuxi, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025 and related board and auditor reports. ...
Cloud Factory Technology Moves to Update Articles to Meet New HKEX Rules
Apr 21, 2026
Cloud Factory Technology Holdings Limited plans to amend its articles of association and adopt a new set of articles to align with recent changes to Hong Kong’s Listing Rules. The revisions will address hybrid shareholder meetings and electr...
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.