China Harmony Auto Holding Limited (HK:3836)
:3836
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China Harmony Auto Holding Limited
(3836)
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Rating:43Neutral
Price Target:
HK$0.78
▼(-37.44% Downside)
Action:Reiterated
Date:04/19/26
The score is primarily held down by weak financial performance—persistent losses, thin margins, negative free cash flow, and rising leverage—despite a 2025 revenue rebound and improved operating cash flow. Technical signals are mixed-to-soft with negative MACD and price below key moving averages, while valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Revenue rebound
A 2025 revenue rebound shows recovering end-demand and better sales execution. Durable top-line recovery helps cover fixed dealer costs, improves scale economics across the network, and provides a multi-month tailwind for margin recovery and reinvestment in sales and service capabilities.
Negative Factors
Persistent losses and negative ROE
Sustained net losses and a negative ROE erode shareholder equity and limit the company's ability to self-fund growth. Over months this weak profitability curtails reinvestment, increases reliance on external capital, and heightens execution risk for any margin-improvement initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A 2025 revenue rebound shows recovering end-demand and better sales execution. Durable top-line recovery helps cover fixed dealer costs, improves scale economics across the network, and provides a multi-month tailwind for margin recovery and reinvestment in sales and service capabilities.
Read all positive factors
China Harmony Auto Holding Limited (3836) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.19B
Dividend Yield3.49%
Average Volume (3M)1.57M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth28.31%
EPS Growth-114.88%
CountryHK
Employees4,403
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,523,264,600
10 Day Avg. Volume2,393,369
30 Day Avg. Volume1,567,556
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.29
Price to Sales (P/S)0.07
P/FCF Ratio-4.47
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
China Harmony Auto Holding Limited Business Overview & Revenue Model
Company Description
China Harmony Auto Holding Limited (3836) is a leading automotive dealership group based in China, primarily engaged in the sale of luxury and premium vehicles. The company operates through a network of dealerships that represent various high-end ...
How the Company Makes Money
China Harmony Auto Holding Limited primarily makes money through (1) selling new vehicles via its dealership network, earning gross profit on the spread between vehicle procurement cost and retail selling price; (2) after-sales services, including...
China Harmony Auto Holding Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
45
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.03B | 15.62B | 16.58B | 16.32B | 17.98B |
| Gross Profit | 1.18B | 699.73M | 964.03M | 1.08B | 1.75B |
| EBITDA | -3.66M | 208.22M | 305.43M | -1.06B | 1.36B |
| Net Income | -634.99M | -291.07M | -252.19M | -1.63B | 673.15M |
Balance Sheet | |||||
| Total Assets | 12.91B | 12.25B | 10.84B | 10.80B | 13.25B |
| Cash, Cash Equivalents and Short-Term Investments | 1.95B | 1.12B | 1.07B | 1.19B | 1.74B |
| Total Debt | 6.47B | 4.74B | 3.11B | 2.99B | 3.53B |
| Total Liabilities | 7.85B | 6.99B | 5.17B | 4.78B | 5.21B |
| Stockholders Equity | 4.81B | 5.17B | 5.57B | 5.95B | 7.97B |
Cash Flow | |||||
| Free Cash Flow | -309.61M | -779.36M | 5.03M | 397.59M | 37.73M |
| Operating Cash Flow | 263.63M | -166.84M | 357.35M | 781.12M | 776.10M |
| Investing Cash Flow | -252.65M | -623.78M | -389.50M | 4.74M | -589.29M |
| Financing Cash Flow | 549.36M | 873.31M | -184.08M | -1.08B | -271.94M |
China Harmony Auto Holding Limited Technical Analysis
Negative
1.25
Price Trends
1.09
Negative
1.06
Negative
1.24
Negative
Market Momentum
-0.08
Positive
27.73
Positive
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3836, the sentiment is Negative. The current price of 1.25 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 1.09, and above the 200-day MA of 1.24, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 27.73 is Positive, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3836.
China Harmony Auto Holding Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$1.43B | -0.14 | 1123.27% | ― | -9.75% | 29.53% | |
44 Neutral | HK$1.65B | -0.43 | -26.57% | 9.05% | -13.88% | -2685.61% | |
43 Neutral | HK$1.19B | -0.57 | -4.42% | 3.49% | 28.31% | -114.88% | |
43 Neutral | HK$117.00M | -0.22 | -11.49% | ― | -14.65% | -15.40% | |
42 Neutral | HK$1.10B | 6.55 | -127.27% | 4.01% | -9.61% | 67.03% | |
42 Neutral | HK$1.58B | -22.04 | -31.20% | ― | -27.69% | 63.19% |
* Consumer Cyclical Sector Average
HK:3836
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China Harmony Auto Holding Limited Corporate Events
China Harmony Auto Director Resigns; Board Launches Search for Successor
Apr 27, 2026
China Harmony Auto Holding Limited announced that independent non-executive director Lau Kwok Fan has resigned from the board and from his roles on the audit and remuneration committees due to work arrangements. Lau will remain in his position unt...
China Harmony Auto Flags Wider 2025 Loss Despite Strong Revenue Growth
Mar 27, 2026
China Harmony Auto Holding Limited has warned that its loss attributable to shareholders for 2025 could widen to as much as RMB635 million, more than double the previous year’s deficit of RMB291.1 million. The deterioration is largely linked...
China Harmony Auto Sets March 2026 Board Meeting to Approve 2025 Results
Mar 18, 2026
China Harmony Auto Holding Limited has scheduled a board meeting for 31 March 2026 to review and approve the group’s final results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final divid...
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.