Shanghai XNG Holdings Limited (3666) AI Stock Analysis

• Market Cap: HK$100.91M
• Dividend Yield: N/A
• Average Volume (3M): 28.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: -40.25%
• EPS Growth: -0.84%
• Country: HK
• Employees: 233
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): >-0.01
• Shares Outstanding: 2,655,637,000
• 10 Day Avg. Volume: 19,115,400
• 30 Day Avg. Volume: 28,058,852
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.31
• Price to Sales (P/S): 0.16
• P/FCF Ratio: 1.67
• 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: 45 Neutral
• Price Target: HK$0.04 ▼(-2.50% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues, persistent losses, and high leverage. While technical analysis shows some positive momentum, the negative valuation metrics further weigh down the score.

Positive Factors

Cash Generation Ability

Positive operating cash flow indicates the company can manage its cash operations effectively, which is crucial for sustaining business activities and funding future investments despite profitability challenges.

Energy Sector Focus

Focus on sustainable energy solutions aligns with global trends towards cleaner energy, potentially positioning the company to benefit from increasing demand for LNG and related infrastructure.

Strategic Partnerships

Strategic partnerships enable competitive pricing and reliable supply chains, providing a competitive advantage in securing market share and ensuring steady revenue streams.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in maintaining market position and competitiveness, potentially impacting long-term growth and profitability if not addressed.

High Leverage

High leverage and negative equity highlight financial instability, limiting the company's ability to invest in growth opportunities and increasing the risk of financial distress.

Profitability Challenges

Persistent profitability challenges reflect operational inefficiencies and high costs, which may hinder the company's ability to achieve sustainable growth and shareholder value.

Shanghai XNG Holdings Limited Business Overview & Revenue Model

Company Description

Shanghai XNG Holdings Limited (3666) is a diversified investment holding company based in China, primarily engaged in the sectors of manufacturing, logistics, and trading. The company focuses on providing high-quality products and services across various industries, including the production of industrial machinery and equipment, as well as offering comprehensive supply chain solutions. With a commitment to innovation and sustainability, XNG Holdings aims to enhance operational efficiency and deliver value-added services to its clients.

How the Company Makes Money

Shanghai XNG Holdings Limited generates revenue through multiple streams including the sale of manufactured products, logistics services, and trading operations. The company's primary revenue model is based on the production and sale of industrial machinery, with significant contracts secured from both domestic and international clients. Additionally, XNG Holdings offers logistics and supply chain management services, creating another layer of revenue through service fees and partnerships with other businesses. Strategic alliances with key players in the industry further enhance its market reach and operational capabilities, contributing positively to its earnings.

Shanghai XNG Holdings Limited Financial Statement Overview

Summary

Shanghai XNG Holdings Limited faces significant financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet indicates high leverage and negative equity, posing solvency risks. Although cash flow remains positive, it is insufficient to offset the broader financial instability.

Income Statement

Shanghai XNG Holdings Limited has experienced a significant decline in revenue over the years, with a notable drop from 2019 to 2024. The company has consistently reported negative net income, indicating ongoing profitability challenges. Gross profit margins have decreased, and EBIT and EBITDA margins are negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company's balance sheet shows a concerning trend with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, but high total debt suggests significant leverage. The equity ratio is negative, highlighting financial instability and potential solvency risks.

Cash Flow

Despite negative net income, the company has managed to generate positive operating cash flow, indicating some ability to manage cash operations. However, free cash flow has declined over recent years, and the free cash flow to net income ratio is not favorable, reflecting challenges in translating revenue into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	233.78M	314.36M	450.54M	325.60M	691.52M	644.39M
Gross Profit	150.23M	203.46M	298.99M	219.75M	468.81M	436.73M
EBITDA	-24.79M	-26.15M	51.03M	-99.24M	56.49M	-80.90M
Net Income	-73.89M	-85.08M	-45.42M	-69.23M	-82.37M	-318.75M
Balance Sheet
Total Assets	112.09M	137.75M	256.01M	378.34M	530.76M	595.98M
Cash, Cash Equivalents and Short-Term Investments	1.06M	3.69M	28.82M	62.62M	99.42M	123.84M
Total Debt	91.12M	95.20M	177.01M	237.65M	310.64M	255.54M
Total Liabilities	281.69M	297.37M	329.76M	408.48M	495.07M	476.59M
Stockholders Equity	-171.21M	-161.23M	-75.34M	-29.72M	36.85M	114.93M
Cash Flow
Free Cash Flow	28.55M	29.55M	43.66M	62.28M	80.90M	35.01M
Operating Cash Flow	30.05M	35.35M	48.23M	72.76M	92.48M	46.53M
Investing Cash Flow	6.28M	-8.86M	11.81M	-9.95M	3.01M	-6.95M
Financing Cash Flow	-44.42M	-43.20M	-86.89M	-91.59M	-132.16M	-82.36M

Shanghai XNG Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 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:3666, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.55 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3666.

Shanghai XNG Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6811	68 Neutral	HK$1.07B	11.74	10.47%	5.56%	4.16%	59.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1443	50 Neutral	HK$87.10M	-1.44	-48.91%	4.48%	-13.13%	-873.33%
0538	47 Neutral	HK$982.38M	82.57	0.38%	7.11%	0.26%	-73.09%
3666	45 Neutral	HK$100.91M	-1.06	―	―	-40.25%	-0.84%
1869	44 Neutral	HK$163.59M	-3.53	―	―	-18.92%	-2250.00%

Shanghai XNG Holdings Limited Corporate Events

Shanghai XNG Holdings Limited Implements Strategic Measures to Address Financial Challenges

Shanghai XNG Holdings Limited is actively addressing its financial challenges, particularly the going concern issue highlighted by its auditor. The company is negotiating new borrowings, refinancing existing loans, and exploring equity fundraising to improve liquidity. Additionally, it is implementing cost controls and rebranding efforts to streamline operations and better align with consumer trends. These measures aim to stabilize the company’s financial position and ensure continued operations.

Shanghai XNG Holdings Announces New Board Composition

Shanghai XNG Holdings Limited has announced the composition of its board of directors effective from October 1, 2025. The board includes executive directors Mr. GU Dorson, Ms. QIU Jiying, and Mr. CUI Jinqiao, non-executive director Ms. GU Lina, and independent non-executive directors Mr. LEUNG Yiu Cho, Mr. ZHANG Zhenyu, and Ms. HU Xiaoqi. The announcement also details the membership of the board’s four committees: Audit, Remuneration, Nomination, and Risk Management. This reorganization is likely to impact the company’s governance structure and strategic decision-making processes.