China Starch Holdings Limited (HK:3838)
:3838
Hong Kong Market
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China Starch Holdings Limited (3838) AI Stock Analysis

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HK:3838

China Starch Holdings Limited

(3838)

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Neutral 63 (OpenAI - 4o)
Rating:63Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
China Starch Holdings scores a 63, driven by its strong valuation metrics, including a low P/E ratio and high dividend yield. However, financial performance is mixed, with solid profitability and debt management overshadowed by cash flow challenges. Technical indicators suggest a bearish trend, which tempers the overall score.

China Starch Holdings Limited (3838) vs. iShares MSCI Hong Kong ETF (EWH)

China Starch Holdings Limited Business Overview & Revenue Model

Company DescriptionChina Starch Holdings Limited (3838) is a leading manufacturer and supplier in the starch and starch-based products sector in China. The company specializes in the production of a variety of starches, including corn starch and modified starches, which are widely used across multiple industries such as food and beverage, paper, textiles, and biofuels. With a strong focus on innovation and quality, China Starch Holdings serves both domestic and international markets, leveraging its advanced production facilities to meet the diverse needs of its clients.
How the Company Makes MoneyChina Starch Holdings Limited generates revenue primarily through the sale of its starch products, which include corn starch, glucose, and other derivatives. The company benefits from a diversified customer base spanning various industries, which helps mitigate risks associated with market fluctuations. Key revenue streams include direct sales to manufacturers in food processing, paper production, and other industrial applications. Additionally, the company may engage in strategic partnerships and collaborations with other entities to expand its market reach and enhance product offerings. Factors contributing to its earnings include efficient production processes, strong demand for starch-based products, and a growing trend towards natural and sustainable ingredients in food and consumer goods.

China Starch Holdings Limited Financial Statement Overview

Summary
China Starch Holdings shows a mixed financial performance. Strong profitability and debt management are offset by challenges in revenue growth and cash flow generation. The company has a solid equity base but needs to address cash flow issues for long-term health.
Income Statement
65
Positive
China Starch Holdings has demonstrated a stable gross profit margin, with a notable increase in gross profit from 2023 to 2024. However, the revenue growth rate declined over the past year, and net profit margin has shown fluctuations, indicating some instability in achieving consistent profitability. EBITDA margin has improved, which suggests better operational efficiency.
Balance Sheet
70
Positive
The company's debt-to-equity ratio remains low, indicating conservative leverage practices and financial stability. Return on Equity (ROE) has improved, reflecting effective use of equity to generate profits. The equity ratio shows a strong proportion of equity financing, enhancing the company's financial resilience. However, total liabilities have increased, which may pose potential risks if not managed properly.
Cash Flow
50
Neutral
Cash flow metrics indicate challenges, with negative free cash flow in 2023 and 2024, raising concerns about cash generation ability. The operating cash flow to net income ratio is zero for 2024, indicating issues in converting income into cash. However, the company has managed to maintain positive operating cash flow in previous years, suggesting some capacity for operational cash generation.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue10.89B11.42B11.80B11.95B11.64B8.89B
Gross Profit1.08B1.16B556.57M1.19B952.21M559.77M
EBITDA1.02B1.08B458.94M910.39M777.84M527.60M
Net Income418.98M482.25M107.96M352.01M345.60M190.12M
Balance Sheet
Total Assets6.96B6.96B5.35B5.11B4.72B4.57B
Cash, Cash Equivalents and Short-Term Investments2.00B2.21B899.83M1.00B1.00B352.03M
Total Debt1.40B1.48B559.37M285.93M111.61M127.95M
Total Liabilities2.31B2.47B1.42B1.28B1.23B1.43B
Stockholders Equity4.20B4.11B3.66B3.60B3.28B2.98B
Cash Flow
Free Cash Flow540.15M1.06B-8.26M105.70M694.06M-58.13M
Operating Cash Flow749.44M1.32B413.37M316.83M1.11B255.24M
Investing Cash Flow-1.11B-857.09M-719.94M-349.47M-387.02M-39.63M
Financing Cash Flow1.26B850.55M203.41M34.65M-60.44M-59.33M

China Starch Holdings Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.19
Price Trends
50DMA
0.20
Negative
100DMA
0.20
Negative
200DMA
0.20
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
42.64
Neutral
STOCH
79.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3838, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.20, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3838.

China Starch Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$974.55M8.165.08%10.44%-1.19%-9.05%
63
Neutral
HK$1.12B2.4610.38%5.19%-6.58%16.23%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
45
Neutral
HK$76.01M-0.58-23.44%-18.03%-17.44%
44
Neutral
HK$1.34B0.9242.14%-81.25%
40
Underperform
HK$175.76M-6.04%-340.00%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3838
China Starch Holdings Limited
0.19
0.03
18.75%
HK:3889
Global Sweeteners Holdings Limited
0.10
-0.04
-29.41%
HK:2317
Vedan International (Holdings) Ltd.
0.65
0.19
41.30%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.08
0.00
0.00%
HK:0841
Asia Cassava Resources Holdings Limited
0.13
0.00
0.00%

China Starch Holdings Limited Corporate Events

China Starch Holdings Announces Board and Committee Changes
Oct 15, 2025

China Starch Holdings Limited announced changes in its board of directors and committee compositions. Mr. Sun Mingdao will retire as an independent non-executive director, and Professor Chen Zhijun will be appointed to the same position, as well as chairman of the Nomination Committee and a member of the Audit and Remuneration Committees. These changes are effective from October 15, 2025, and reflect a strategic shift in the company’s governance structure.

China Starch Holdings Limited Announces Board Composition
Oct 15, 2025

China Starch Holdings Limited announced the composition of its board of directors and their roles within the company. The board includes executive directors and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure, potentially impacting the company’s strategic direction and stakeholder confidence.

China Starch Holdings Secures Shareholder Approval for Construction Contract
Oct 9, 2025

China Starch Holdings Limited announced that the proposed resolution regarding the Construction Contract was approved by independent shareholders at the extraordinary general meeting held on October 9, 2025. The resolution received overwhelming support, with 99.99% of votes in favor, enabling the company to proceed with the construction-related transactions, which could potentially enhance its operational capabilities and market positioning.

China Starch Holdings Updates on RMB80 Million Construction Contract
Sep 18, 2025

China Starch Holdings Limited announced an update on a construction contract with Juneng Construction, valued at RMB80 million, for services related to a construction facility. The company has formed an Independent Board Committee and appointed Central China International Capital Limited as an Independent Financial Adviser to ensure compliance with corporate governance practices. An Extraordinary General Meeting (EGM) will be convened to seek approval from Independent Shareholders, and a circular with detailed information has been dispatched to shareholders.

China Starch Holdings Announces EGM to Approve Construction Contract
Sep 18, 2025

China Starch Holdings Limited has announced an Extraordinary General Meeting (EGM) to be held on October 9, 2025, in Hong Kong. The meeting will consider and potentially approve a construction contract and related transactions, which have been previously undertaken by the company’s directors. This development may impact the company’s operational strategies and stakeholder interests.

China Starch Holdings Limited Reports Decline in First Half 2025 Revenue
Aug 20, 2025

China Starch Holdings Limited reported its unaudited consolidated interim results for the first half of 2025, showing a decrease in revenue to RMB 5,114,852, compared to the same period in 2024. Despite the decline in revenue, the company maintained profitability with a net income of RMB 225,636, although this was lower than the previous year’s figure. The results reflect challenges in cost management and market conditions, impacting the company’s financial performance.

China Starch Holdings Updates Nomination Committee Terms
Aug 20, 2025

China Starch Holdings Limited has updated the terms of reference for its Nomination Committee, which is a part of the Board of Directors. The Committee is responsible for overseeing the nomination process for board members, ensuring a diverse and independent board composition. This update reflects the company’s commitment to maintaining strong governance practices and could impact its strategic direction by ensuring a balanced and diverse leadership team.

China Starch Holdings to Review Interim Results and Dividend
Aug 8, 2025

China Starch Holdings Limited has announced that its board of directors will hold a meeting on August 20, 2025, to approve the publication of its interim results for the first half of 2025 and to consider the payment of an interim dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder value, potentially impacting its market positioning and stakeholder interests.

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: Oct 29, 2025