Suoxinda Holdings Limited (3680) AI Stock Analysis

• Market Cap: HK$1.08B
• Dividend Yield: N/A
• Average Volume (3M): 976.81K
• Price to Earnings (P/E): 391.4
• Beta (1Y): 0.28
• Revenue Growth: -25.92%
• EPS Growth: N/A
• Country: HK
• Employees: 226
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.07
• Shares Outstanding: 790,868,040
• 10 Day Avg. Volume: 735,600
• 30 Day Avg. Volume: 976,813
• PEG Ratio: 0.23
• Price to Book (P/B): 35.34
• Price to Sales (P/S): 1.91
• P/FCF Ratio: -32.10
• 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: 39 Underperform
• Price Target: HK$1.50 ▼(-5.66% Downside)

The score is driven primarily by weak financial performance (continued losses, high leverage, and negative free cash flow). Technical indicators also point to a bearish setup with the stock below major moving averages, while valuation is pressured by an extremely high P/E and no dividend support.

Positive Factors

Diversified Business Model

Operating across digital media, telecom and technology reduces dependence on any single market cycle. This multi-segment model supports cross-selling, revenue smoothing and strategic flexibility, making the business more resilient over a 2–6 month horizon.

Telecommunications Recurring Revenue

A meaningful telecom business typically yields recurring service revenues and contract-based cashflows. This steady demand profile can underpin operational stability and predictable topline contribution versus project-driven segments, supporting near-term cash generation.

Strategic Partnerships

Partnerships with tech and advertising firms provide distribution, ad monetization and technology access without full in-house investment. These alliances can accelerate product rollouts, lower capex needs and sustain monetization channels over multiple quarters.

Negative Factors

Persistent Operating Losses

Multi-year operating losses erode retained capital and hinder reinvestment capacity. Persistently negative EBIT reduces ability to scale profitably, forces dependence on external funding, and increases risk that operations must be restructured to restore sustainable margins.

High Leverage and Declining Equity

Elevated leverage and falling equity heighten solvency and refinancing risk, raising interest burden and limiting strategic options. Negative ROE indicates the firm is not generating returns for shareholders, constraining its ability to fund growth internally over the medium term.

Negative Free Cash Flow and Weak Cash Conversion

Consistent negative free cash flow and poor conversion of earnings into cash create liquidity strain, forcing reliance on external capital to cover operations or service debt. This reduces flexibility to invest, raises refinancing risk and limits ability to execute strategic initiatives.

Suoxinda Holdings Limited Business Overview & Revenue Model

Company Description

Ruihe Data Technology Holdings Ltd. is an investment holding company, which engages in the provision of big data, artificial intelligence and digital marketing solutions, and professional consulting services to financial institutions, and other enterprises and helping all kinds of enterprises and organizations to fully realize the value of data and accelerate their digital transformation driven by data. The company was founded on March 25, 2004 and is headquartered in Hangzhou, China.

How the Company Makes Money

Suoxinda Holdings Limited generates revenue through multiple streams, primarily by offering digital media and telecommunications services to both consumers and businesses. The company monetizes its digital media content through advertising partnerships and subscription models, allowing it to earn revenue from advertisers seeking to reach its user base. Additionally, the telecommunications segment contributes significantly to the company's earnings by providing services such as mobile connectivity and internet solutions. Strategic partnerships with technology providers and advertising firms further bolster its revenue, enabling Suoxinda to expand its market reach and improve service offerings, which in turn attracts more clients and enhances profitability.

Suoxinda Holdings Limited Financial Statement Overview

Summary

Suoxinda Holdings Limited faces significant financial challenges, with continued losses impacting profitability and a weak cash flow position. High leverage and declining equity raise financial stability concerns, while stagnant revenue growth limits recovery potential.

Income Statement

The income statement shows negative net income and EBIT over multiple years, indicating continued operational losses. Revenue growth is stagnant with minor fluctuations, and profit margins are negative due to consistent losses, reflecting poor profitability and challenging market conditions.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio due to significant liabilities and decreasing equity, reflecting financial leverage risk. ROE is negative, showing inefficiency in generating returns. The equity ratio has declined, indicating increased reliance on debt to finance assets.

Cash Flow

Free cash flow remains negative, reflecting challenges in generating cash from operations. The operating cash flow to net income ratio is poor, indicating difficulties in converting earnings into cash. Consistent negative free cash flow suggests liquidity issues and potential cash constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	317.22M	377.84M	367.94M	377.13M	397.37M	330.29M
Gross Profit	32.61M	38.08M	47.13M	89.34M	129.20M	117.59M
EBITDA	-36.69M	-36.58M	-70.44M	-81.78M	-43.12M	-11.20M
Net Income	4.23M	-75.00M	-109.23M	-128.19M	-76.24M	-13.11M
Balance Sheet
Total Assets	343.87M	298.85M	444.15M	410.88M	473.69M	481.74M
Cash, Cash Equivalents and Short-Term Investments	25.72M	16.40M	113.26M	15.11M	21.95M	74.18M
Total Debt	133.86M	124.52M	187.55M	89.36M	83.18M	132.59M
Total Liabilities	226.24M	255.97M	326.84M	307.37M	319.52M	266.09M
Stockholders Equity	97.30M	20.46M	95.84M	82.76M	137.69M	204.34M
Cash Flow
Free Cash Flow	15.49M	-22.53M	-55.14M	-64.37M	-62.21M	-139.08M
Operating Cash Flow	15.49M	-16.62M	-38.37M	-21.31M	-12.04M	-89.59M
Investing Cash Flow	-2.10M	-7.41M	-8.74M	-51.80M	-50.03M	-19.74M
Financing Cash Flow	-66.52M	-73.74M	147.65M	65.27M	10.15M	6.01M

Suoxinda Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

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 above the 20-day moving average (MA) of 1.59, below the 50-day MA of 1.85, and above the 200-day MA of 1.58, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 23.66 is Positive, neither overbought nor oversold. The STOCH value of 34.62 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2176	74 Outperform	HK$1.18B	13.47	47.22%	12.99%	2.82%	10.06%
1522	71 Outperform	HK$713.03M	3.90	6.75%	7.27%	7.39%	2.23%
0046	70 Outperform	HK$381.01M	12.93	5.83%	7.24%	-1.26%	-10.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0771	61 Neutral	HK$719.45M	4.69	6.77%	3.66%	5.84%	94.89%
1985	55 Neutral	HK$387.00M	-192.54	-0.83%	8.55%	-1.86%	-105.19%
3680	39 Underperform	HK$1.08B	391.43	4.78%	―	-25.92%	―