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Suoxinda Holdings Limited
(3680)
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Rating:48Neutral
Price Target:
HK$2.00
▲(25.79% Upside)
Action:Upgraded
Date:05/03/26
The score is constrained primarily by weak financial performance (persistent losses, margin compression, negative operating/free cash flow, and negative equity in 2025). Technicals are a notable offset, with price trading above key moving averages and a positive MACD, but valuation remains challenged due to ongoing losses and a negative P/E.
Positive Factors
Industry tailwinds
Operating in Information Technology Services gives the company exposure to durable structural demand for digital services and outsourcing. Over 2–6 months this supports potential contract renewals, steady service demand and opportunities to capture recurring revenue streams.
Negative Factors
Negative shareholders' equity
Shareholders' equity turning negative is a structural capital issue that raises insolvency risk and limits financial flexibility. It constrains the company’s ability to absorb further losses, secure debt on favorable terms, or fund strategic investments without dilutive recapitalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Industry tailwinds
Operating in Information Technology Services gives the company exposure to durable structural demand for digital services and outsourcing. Over 2–6 months this supports potential contract renewals, steady service demand and opportunities to capture recurring revenue streams.
Read all positive factors
Suoxinda Holdings Limited (3680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.82B
Dividend YieldN/A
Average Volume (3M)976.81K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-14.72%
EPS Growth34.96%
CountryHK
Employees226
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.07
Shares Outstanding899,202,000
10 Day Avg. Volume735,600
30 Day Avg. Volume976,813
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)-133.43
Price to Sales (P/S)3.30
P/FCF Ratio-108.92
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)N/A
Revenue Forecast (FY)N/A
Suoxinda Holdings Limited Business Overview & Revenue Model
Company Description
As an investment holding company, Ruihe Data Technology Holdings Ltd. specializes in providing comprehensive big data, artificial intelligence, and digital marketing solutions, complemented by professional advisory services. The firm caters to fin...
How the Company Makes Money
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Suoxinda Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 321.38M | 377.84M | 367.94M | 377.13M | 397.37M |
| Gross Profit | 25.72M | 38.08M | 47.13M | 89.34M | 129.20M |
| EBITDA | -29.82M | -36.58M | -70.44M | -81.78M | -43.12M |
| Net Income | -63.52M | -75.00M | -109.23M | -128.19M | -76.24M |
Balance Sheet | |||||
| Total Assets | 365.38M | 298.85M | 444.15M | 410.88M | 473.69M |
| Cash, Cash Equivalents and Short-Term Investments | 36.49M | 16.40M | 113.26M | 15.11M | 21.95M |
| Total Debt | 125.28M | 124.52M | 187.55M | 89.36M | 83.18M |
| Total Liabilities | 354.03M | 255.97M | 326.84M | 307.37M | 319.52M |
| Stockholders Equity | -7.95M | 20.46M | 95.84M | 82.76M | 137.69M |
Cash Flow | |||||
| Free Cash Flow | -9.74M | -22.53M | -55.14M | -64.37M | -62.21M |
| Operating Cash Flow | -6.99M | -16.62M | -38.37M | -21.31M | -12.04M |
| Investing Cash Flow | -72.14M | -7.41M | -8.74M | -51.80M | -50.03M |
| Financing Cash Flow | 94.63M | -73.74M | 147.65M | 65.27M | 10.15M |
Suoxinda Holdings Limited Technical Analysis
Negative
1.59
Price Trends
2.30
Negative
2.10
Negative
2.02
Positive
Market Momentum
-0.06
Positive
33.51
Neutral
18.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3680, the sentiment is Negative. The current price of 1.59 is below the 20-day moving average (MA) of 2.18, below the 50-day MA of 2.30, and below the 200-day MA of 2.02, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 33.51 is Neutral, neither overbought nor oversold. The STOCH value of 18.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3680.
Suoxinda Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$515.90M | 3.83 | 4.70% | 7.27% | 7.18% | -20.03% | |
65 Neutral | HK$562.23M | 4.08 | 1.74% | 2.52% | 13.62% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$378.44M | 4.74 | 3.70% | 9.12% | 13.15% | 197.79% | |
49 Neutral | HK$1.12B | -13.90 | -34.17% | ― | -17.20% | 6.04% | |
48 Neutral | HK$1.82B | -26.44 | -138.20% | ― | -14.72% | 34.96% | |
48 Neutral | HK$638.75M | -61.68 | -3.76% | ― | 48.53% | 80.86% |
* Technology Sector Average
HK:3680
Suoxinda Holdings Limited
2.05
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83.04%
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0.01
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MTT Group Holdings Limited
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Futong Technology Development Holdings Ltd.
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1257.69%
Suoxinda Holdings Limited Corporate Events
Ruihe Data Technology Details AI-Focused Investment Partnership and Manager Credentials
Jun 18, 2026
Ruihe Data Technology Holdings Limited has provided additional details on its previously announced partnership agreement to establish a limited partnership focused on investments in unlisted artificial intelligence enterprises. The fund will targe...
Ruihe Data Technology Partners With Wanel Capital to Expand Into Compliant Digital Finance
Jun 5, 2026
Ruihe Data Technology Holdings Limited has signed a strategic cooperation agreement with Hong Kong-licensed fintech firm Wanel Capital Limited to build a long-term partnership in digital finance and related technologies. Wanel specialises in secur...
Ruihe Data Technology Wins Full Shareholder Backing at 2026 AGM
May 29, 2026
Ruihe Data Technology Holdings Limited reported that all resolutions at its annual general meeting held on 29 May 2026 were approved by shareholders via poll, including the adoption of the audited financial statements for the year ended 31 Decembe...
Ruihe Data Sets Up RMB73.28 Million Connected Partnership Fund
May 8, 2026
Ruihe Data Technology Holdings Limited has entered into a partnership agreement through its indirect wholly owned subsidiary, Ruihe Data Shenzhen, with Hardcore Nut as general partner and several institutional and individual limited partners to es...
Ruihe Data Technology Sets 2026 AGM to Approve Results, Board and Share Buyback Mandate
Apr 29, 2026
Ruihe Data Technology Holdings Limited has called its 2026 annual general meeting for 29 May 2026 in Shenzhen, where shareholders will review and adopt the audited consolidated financial statements and reports for the year ended 31 December 2025. ...
Ruihe Data Tech Strikes Strategic Fintech Alliance With JHD
Apr 23, 2026
Ruihe Data Technology Holdings Limited has entered into a strategic cooperation agreement with JHD Technologies Limited, a fintech and merchant services provider backed by prominent institutional investors, to build next-generation digital solutio...
Ruihe Data Tech Unit to Acquire Fund Stake from Chairman in Capped Connected Deal
Apr 15, 2026
Ruihe Data Technology Holdings Limited has announced that a wholly owned subsidiary will acquire approximately 5.60% of the Class A shares and 5.42% of the total participating shares in a fund from its chairman and CEO, Mr. Xue. The consideration ...
Ruihe Data Narrows Loss as It Reshapes Revenue Mix and Cuts Costs in 2025
Mar 31, 2026
Ruihe Data Technology Holdings Limited reported 2025 revenue of approximately RMB321.4 million, down 14.9% year on year, as it strategically reshaped its business mix by sharply reducing its data solutions contribution while expanding integrated h...
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.