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ArtGo Holdings Ltd. (HK:3313)
:3313
Hong Kong Market
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ArtGo Holdings Ltd. (3313) AI Stock Analysis

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HK

ArtGo Holdings Ltd.

(3313)

Rating:42Neutral
Price Target:
HK$0.00
▼(-100.00%Downside)
ArtGo Holdings Ltd. receives a low score primarily due to significant financial challenges, including declining revenues and negative cash flows. The technical indicators are mixed but lean bearish, and the valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield. These factors suggest high risks and potential financial instability.

ArtGo Holdings Ltd. (3313) vs. iShares MSCI Hong Kong ETF (EWH)

ArtGo Holdings Ltd. Business Overview & Revenue Model

Company DescriptionArtGo Holdings Limited, an investment holding company, primarily engages in the mining, processing, trading, and sale of marble stones and commodity trading businesses in the People's Republic of China. It operates in two segments, Marble Products and Others. The company offers marble slabs, standard cut to size marble, antique series, water jet, border series, and marble-related crafts for bathroom and tailor-made household products; and calcium carbonate products. It also provides cargo handling services; and wholesales and retails decorating materials and chemical products. In addition, the company is involved in the provision of technical services for stone processing; warehousing, logistics, and sale of mineral products; and mining investment and mining planting projects. The company was formerly known as ArtGo Mining Holdings Limited and changed its name to ArtGo Holdings Limited in March 2015. ArtGo Holdings Limited was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.
How the Company Makes MoneyArtGo Holdings Ltd. generates revenue primarily through the sale of marble and decorative stone products. The company's revenue model is based on the extraction of raw marble from its quarries, which is then processed into finished products such as slabs, tiles, and cut-to-size stones. These products are sold to a variety of customers, including construction companies, architects, interior designers, and retailers. The company may also engage in strategic partnerships with distributors and construction firms to expand its market reach and increase sales. Additionally, ArtGo Holdings may benefit from its ability to supply large-scale projects, which can contribute significantly to its revenue.

ArtGo Holdings Ltd. Financial Statement Overview

Summary
ArtGo Holdings Ltd. is facing significant financial challenges, including declining revenues, persistent losses, and negative cash flows. High leverage and inability to generate positive cash flow indicate potential financial instability.
Income Statement
15
Very Negative
ArtGo Holdings Ltd. has experienced declining revenues over recent years, with a significant drop from 2019 to 2024. The company has consistently reported negative net income, with worsening net profit margins. The gross profit margin has also been erratic, indicating challenges in managing cost of goods sold effectively. EBIT and EBITDA margins have been consistently negative, reflecting operational challenges.
Balance Sheet
30
Negative
The company has a high debt-to-equity ratio, indicating increased financial leverage, though it has decreased slightly over time. The equity ratio is reasonable, but the return on equity is negative due to persistent losses, pointing to inefficiencies in utilizing shareholder funds. The overall financial stability is concerning given the declining equity and high liabilities.
Cash Flow
10
Very Negative
ArtGo Holdings Ltd. has reported negative operating cash flow for several years, indicating poor cash generation from core activities. The free cash flow has also been consistently negative, suggesting struggles in sustaining operations without external financing. The lack of positive growth in cash flows further highlights liquidity challenges.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue71.60M77.53M89.07M87.98M73.89M
Gross Profit11.21M10.06M-6.28M21.91M13.34M
EBITDA-16.33M-339.16M-89.77M-29.60M-53.77M
Net Income-285.19M-396.14M-148.25M-417.78M-230.24M
Balance Sheet
Total Assets999.64M1.34B1.66B1.74B2.25B
Cash, Cash Equivalents and Short-Term Investments16.05M102.99M17.80M25.65M21.21M
Total Debt226.06M339.36M345.52M287.11M413.04M
Total Liabilities398.93M479.65M531.39M475.62M602.08M
Stockholders Equity507.12M763.61M1.04B1.17B1.56B
Cash Flow
Free Cash Flow-9.27M-9.65M-90.12M-87.88M-77.22M
Operating Cash Flow-1.06M-3.83M-44.34M-56.94M-26.35M
Investing Cash Flow-9.51M-5.75M-51.56M128.33M-13.26M
Financing Cash Flow-74.34M94.67M88.58M-68.15M-25.40M

ArtGo Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.16
Price Trends
50DMA
0.17
Negative
100DMA
0.18
Negative
200DMA
0.23
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
39.76
Neutral
STOCH
68.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3313, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.76 is Neutral, neither overbought nor oversold. The STOCH value of 68.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3313.

ArtGo Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
HK$102.00M6.078.46%102.21%
65
Neutral
HK$180.79M5.116.42%10.06%-45.88%
62
Neutral
C$6.64B7.813.45%2.76%6.50%-23.02%
62
Neutral
HK$183.12M20.271.73%3.55%-12.43%-5.67%
60
Neutral
HK$280.00M21.713.75%8.10%98.46%
44
Neutral
HK$77.21M-102.44%-24.20%-97.97%
42
Neutral
HK$193.17M-44.82%-9.02%73.23%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3313
ArtGo Holdings Ltd.
0.16
-0.07
-30.43%
HK:9938
Wah Wo Holdings Group Limited
0.10
0.03
42.86%
HK:1592
Anchorstone Holdings Limited
0.03
0.00
0.00%
HK:1897
Million Hope Industries Holdings Ltd.
0.45
0.04
9.76%
HK:1937
JiaChen Holding Group Limited
0.28
0.08
40.00%
HK:8646
China Hongguang Holdings Limited
0.26
0.06
30.00%

ArtGo Holdings Ltd. Corporate Events

ArtGo Holdings Faces Mining License Renewal Rejection Amid Market Challenges
Jul 11, 2025

ArtGo Holdings Ltd. announced a clarification regarding the renewal status of its mining license for the Dejiang Mine. Despite initial approvals for the renewal application submitted in December 2018, the Natural Resource and Planning Bureau in Guizhou Province rejected the application in December 2024. The rejection was due to the company’s failure to meet certain conditions, including the submission of a comprehensive geological restoration plan and a security deposit. The decision to deprioritize these requirements was influenced by the significant decline in demand for marble products amid the COVID-19 pandemic, which adversely affected the company’s financial condition and operations.

ArtGo Holdings Ltd. Enhances Governance with New Nomination Committee
Jun 30, 2025

ArtGo Holdings Ltd. has established a Nomination Committee as part of its corporate governance structure. The committee will consist of a majority of independent non-executive directors and will include at least one member of a different gender. The committee is responsible for overseeing the nomination process for board members, ensuring diversity, and maintaining high governance standards. This move is expected to enhance the company’s governance framework and provide a structured approach to board nominations, potentially impacting the company’s strategic direction and stakeholder confidence.

ArtGo Holdings Announces Changes in Nomination Committee
Jun 30, 2025

ArtGo Holdings Limited, a company incorporated in the Cayman Islands, has announced a change in the composition of its Nomination Committee. As of June 30, 2025, Mr. Gu Zengcai, a non-executive director, has stepped down from the committee, which now consists of three members: Mr. Hui Yat On, Ms. Wu Jing, and Mr. Zhai Feiquan. This change may impact the company’s governance structure and decision-making processes.

ArtGo Holdings Ltd. Announces Board Composition and Roles
Jun 30, 2025

ArtGo Holdings Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. The board consists of executive, non-executive, and independent non-executive directors, with specific members serving on various committees such as audit, remuneration, nomination, and investment. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic direction and stakeholder confidence.

ArtGo Holdings AGM Results: Unanimous Approval of Resolutions
Jun 17, 2025

ArtGo Holdings Limited, a company listed on the Hong Kong Stock Exchange, held its Annual General Meeting on June 17, 2025, where all proposed resolutions were unanimously approved. These resolutions included the adoption of financial statements, re-election of directors, and granting of mandates for share repurchase and issuance, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility and governance.

ArtGo Holdings Updates 2024 Share Schemes
May 30, 2025

ArtGo Holdings Ltd. has issued a supplemental announcement to its 2024 Annual Report, providing additional details on its 2024 Share Option Scheme and 2024 Share Award Scheme. The company disclosed that as of the adoption date and the end of 2024, there were 92,587,462 options and awards available for grant, representing approximately 7.81% of the issued shares. This additional information does not alter any other details in the annual report, maintaining the integrity of the original document.

ArtGo Holdings Issues Supplemental Notice for AGM
May 29, 2025

ArtGo Holdings Limited has issued a supplemental notice for its upcoming Annual General Meeting, scheduled for June 17, 2025, in Hong Kong. The notice includes an additional resolution to re-elect Mr. Qiu Yuyuan as an executive director. This supplemental notice does not alter any other resolutions previously set out, and shareholders are advised to use a revised proxy form for voting. The re-election of Mr. Qiu Yuyuan is expected to reinforce the company’s leadership and strategic direction.

ArtGo Holdings Ltd. Appoints New Executive Director to Strengthen Financial Management
May 13, 2025

ArtGo Holdings Ltd. has announced the appointment of Mr. Qiu Yuyuan as an executive director, effective from May 13, 2025. Mr. Qiu brings over 15 years of experience in accounting and financial management to the company, having previously held significant roles in various organizations. This strategic appointment is expected to bolster ArtGo’s financial management capabilities and strengthen its position in the industry.

Artgo Holdings Announces Board Composition and Committee Roles
May 13, 2025

Artgo Holdings Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also detailed the membership of its four board committees, highlighting the roles and responsibilities of each director within these committees. This announcement provides clarity on the governance structure of Artgo Holdings, potentially impacting its strategic direction and reassuring stakeholders of its commitment to effective corporate governance.

ArtGo Holdings Ltd. Announces 2025 Annual General Meeting
Apr 24, 2025

ArtGo Holdings Ltd. has announced its upcoming annual general meeting scheduled for June 17, 2025, in Hong Kong. The meeting will cover several key resolutions, including the adoption of the company’s financial statements for 2024, re-election of directors, and re-appointment of auditors. Additionally, the company seeks approval for mandates to repurchase shares and to issue additional shares, which could impact its capital structure and shareholder value.

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 24, 2025