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Shanghai XNG Holdings Limited (HK:3666)
:3666
Hong Kong Market

Shanghai XNG Holdings Limited (3666) AI Stock Analysis

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HK:3666

Shanghai XNG Holdings Limited

(3666)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
HK$0.04
▼(-5.00% Downside)
Action:ReiteratedDate:01/06/26
The score is primarily constrained by poor financial performance—persistent losses, declining revenue, and negative equity indicating balance-sheet instability. Technical indicators are broadly neutral and provide only limited support, while valuation is weakened by a negative P/E and no dividend yield.
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.
Negative Factors
Declining Revenue
Declining revenue indicates challenges in maintaining market position and competitiveness, potentially impacting long-term growth and profitability if not addressed.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors

Shanghai XNG Holdings Limited (3666) vs. iShares MSCI Hong Kong ETF (EWH)

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 ...
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...

Shanghai XNG Holdings Limited Financial Statement Overview

Summary
Financials are weak overall: revenue has declined materially, net income remains consistently negative with negative EBIT/EBITDA margins, and the balance sheet shows negative equity (liabilities exceeding assets), implying elevated solvency risk. A partial offset is positive operating cash flow, but free cash flow has weakened.
Income Statement
30
Negative
Balance Sheet
25
Negative
Cash Flow
40
Negative
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue233.78M314.36M450.54M325.60M691.52M644.39M
Gross Profit150.23M203.46M298.99M219.75M468.81M436.73M
EBITDA-24.79M-26.15M51.03M-99.24M56.49M-80.90M
Net Income-73.89M-85.08M-45.42M-69.23M-82.37M-318.75M
Balance Sheet
Total Assets112.09M137.75M256.01M378.34M530.76M595.98M
Cash, Cash Equivalents and Short-Term Investments1.06M3.69M28.82M62.62M99.42M123.84M
Total Debt91.12M95.20M177.01M237.65M310.64M255.54M
Total Liabilities281.69M297.37M329.76M408.48M495.07M476.59M
Stockholders Equity-171.21M-161.23M-75.34M-29.72M36.85M114.93M
Cash Flow
Free Cash Flow28.55M29.55M43.66M62.28M80.90M35.01M
Operating Cash Flow30.05M35.35M48.23M72.76M92.48M46.53M
Investing Cash Flow6.28M-8.86M11.81M-9.95M3.01M-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
Negative
Last Price0.04
Price Trends
50DMA
0.03
Negative
100DMA
0.04
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
22.89
Positive
STOCH
-10.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3666, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.89 is Positive, neither overbought nor oversold. The STOCH value of -10.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3666.

Shanghai XNG Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$1.05B9.8912.32%5.56%4.16%59.08%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
51
Neutral
HK$1.10B30.470.99%7.11%0.26%-73.09%
47
Neutral
HK$149.49M-4.4944.88%-18.92%-2250.00%
44
Neutral
HK$63.70M-0.57-54.64%4.48%-13.13%-873.33%
43
Neutral
HK$63.74M-0.7144.45%-40.25%-0.84%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3666
Shanghai XNG Holdings Limited
0.02
>-0.01
-4.00%
HK:1443
Fulum Group Holdings Ltd.
0.05
-0.05
-47.87%
HK:1869
Li Bao Ge Group Ltd.
0.11
-0.01
-9.40%
HK:0538
Ajisen (China) Holdings Limited
1.01
0.33
48.53%
HK:6811
Tai Hing Group Holdings Ltd.
1.08
0.27
33.33%

Shanghai XNG Holdings Limited Corporate Events

Shanghai XNG Seeks New Funding and Rebrands to Tackle Going-Concern Risks
Jan 30, 2026
Shanghai XNG Holdings Limited has issued a quarterly update on actions taken to address its auditor’s prior disclaimer of opinion on the group’s 2024 financial statements, which stemmed from multiple uncertainties related to its abilit...
Shanghai XNG Delays Circular on Planned 100% Equity Disposal
Jan 29, 2026
Shanghai XNG Holdings Limited has announced a delay in sending to shareholders a circular related to its planned very substantial disposal of 100% equity interest in a target company. The circular, which will set out details of the sale and purcha...
Shanghai XNG Plans Very Substantial Disposal of Wholly Owned Subsidiary for USD100,000
Jan 8, 2026
Shanghai XNG Holdings Limited has agreed to dispose of 100% of the equity interest in a wholly owned target company for a total consideration of USD100,000 under a sale and purchase agreement signed on 8 January 2026 with an independent third-part...
Shanghai XNG Revamps Board With New Executive Director and INED Resignation
Dec 31, 2025
Shanghai XNG Holdings Limited has appointed Mr. He Qinghua as an executive director effective 31 December 2025, bringing in a seasoned professional with a background in law, finance, securities, and international trade, and experience in wealth ma...
Shanghai XNG Holdings Updates Board and Committee Roles
Dec 31, 2025
Shanghai XNG Holdings Limited has announced an updated composition of its board of directors, comprising executive, non-executive and independent non-executive directors, and the allocation of their roles across key governance committees. The comp...
Shanghai XNG Holdings Reshapes Board and Committee Structure
Dec 23, 2025
Shanghai XNG Holdings Limited has announced an updated composition of its board of directors and key governance committees, effective 24 December 2025. The board now comprises three executive directors, one non-executive director and three indepen...
Shanghai XNG Overhauls Board Committees With New Independent Director Appointment
Dec 23, 2025
Shanghai XNG Holdings Limited announced a board reshuffle, with independent non-executive director Mr. Leung Yiu Cho resigning from the board and stepping down as chairman of the audit committee and member of the remuneration, nomination and risk ...
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: Jan 06, 2026