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CROSSTEC Group Holdings Ltd. (HK:3893)
:3893
Hong Kong Market

CROSSTEC Group Holdings Ltd. (3893) AI Stock Analysis

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HK:3893

CROSSTEC Group Holdings Ltd.

(3893)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
HK$0.79
▼(-22.25% Downside)
Action:ReiteratedDate:12/19/25
The overall stock score is primarily impacted by the company's poor financial performance, which poses significant risks. Technical analysis provides some moderate support, but valuation concerns due to negative profitability further weigh down the score.
Positive Factors
Diversified Revenue Streams
Multiple revenue streams across manufacturing, software and consulting reduce reliance on a single market and support more stable cash inflows over 2–6 months. Strategic partnerships broaden distribution and joint-opportunity access, improving resilience versus single-product peers.
Manufacturing Capabilities
Owning manufacturing expertise and producing components for diverse end markets creates durable operational capability. This supports repeat orders, operational leverage, and deeper customer relationships that sustain revenue even as product cycles evolve.
Lower Market Volatility (Beta)
A low beta suggests the company’s equity has historically exhibited lower sensitivity to market swings, which can reflect steadier operational cash flows or niche market exposures. That lower volatility can support more predictable planning and financing access over the medium term.
Negative Factors
Severe Financial Distress
Sustained negative profitability and cash outflows materially constrain the company’s ability to invest, compete, and execute strategy. Over months, this undermines supplier/customer confidence, raises refinancing risk, and can force asset sales or restructuring that impair long-term competitiveness.
Weak Balance Sheet / High Leverage
Negative equity and elevated leverage reduce financial flexibility, limit access to capital markets, and increase default risk. This weak solvency profile hampers the company’s capacity to fund operations or invest in growth initiatives without dilutive or costly financing.
Negative Cash Flows and Revenue Decline
Persistent negative operating and free cash flow combined with steep revenue decline and shrinking gross margins indicate poor cash generation and margin sustainability. This erodes the firm’s ability to self-fund working capital and capital expenditures, pressuring long-term viability.

CROSSTEC Group Holdings Ltd. (3893) vs. iShares MSCI Hong Kong ETF (EWH)

CROSSTEC Group Holdings Ltd. Business Overview & Revenue Model

Company DescriptionCROSSTEC Group Holdings Ltd. (3893) is a diversified investment holding company that operates primarily in the technology and manufacturing sectors. The company focuses on providing innovative solutions and services, including manufacturing electronic components, developing software solutions, and offering consulting services. With a commitment to enhancing operational efficiency and technological advancement, CROSSTEC leverages its expertise to cater to a wide range of industries, including telecommunications, automotive, and consumer electronics.
How the Company Makes MoneyCROSSTEC Group Holdings Ltd. generates revenue through multiple streams, primarily from the sale of electronic components and related technologies. The company capitalizes on its manufacturing capabilities to produce high-demand products for various sectors, which provides a steady income source. Additionally, CROSSTEC offers software development and consulting services, creating another significant revenue stream. Strategic partnerships with other firms in technology and manufacturing enhance its market reach and facilitate joint ventures, leading to increased sales opportunities. Furthermore, the company benefits from ongoing demand for innovative solutions in the fast-evolving tech landscape, contributing to its overall earnings.

CROSSTEC Group Holdings Ltd. Financial Statement Overview

Summary
CROSSTEC Group Holdings Ltd. is facing severe financial difficulties, with declining revenues, negative profitability, high leverage, and negative cash flows. These factors pose significant risks to its financial stability and future growth prospects.
Income Statement
30
Negative
CROSSTEC Group Holdings Ltd. has experienced significant revenue decline with a negative growth rate of -40.125% in the latest period. The company is facing substantial losses, as indicated by negative net profit and EBIT margins. The gross profit margin has also decreased, reflecting challenges in maintaining profitability.
Balance Sheet
20
Very Negative
The balance sheet reveals a concerning financial structure with negative stockholders' equity and a high debt-to-equity ratio, indicating significant leverage. The negative return on equity further highlights the company's inability to generate returns for shareholders.
Cash Flow
25
Negative
The cash flow statement shows negative operating and free cash flows, with a substantial decline in free cash flow growth. The ratios of operating and free cash flow to net income are unfavorable, indicating cash flow challenges.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue43.04M55.41M73.81M48.00M40.01M86.60M
Gross Profit11.30M9.50M14.76M-3.48M11.65M18.68M
EBITDA-11.26M-14.78M-3.37M-48.23M-16.76M-6.66M
Net Income-144.24M-28.21M-13.04M-53.56M-21.89M-11.80M
Balance Sheet
Total Assets90.53M67.19M63.61M59.47M48.47M48.61M
Cash, Cash Equivalents and Short-Term Investments11.68M9.72M16.77M31.00M23.63M12.43M
Total Debt105.16M88.39M84.75M77.79M35.15M18.74M
Total Liabilities143.27M132.87M108.04M113.57M60.90M41.34M
Stockholders Equity-52.84M-65.68M-44.43M-54.10M-12.42M7.27M
Cash Flow
Free Cash Flow-22.10M-13.43M-40.36M-37.27M-12.68M-9.51M
Operating Cash Flow-22.01M-13.43M-39.77M-35.36M-12.62M-9.47M
Investing Cash Flow-92.00K19.00K-4.34M227.00K4.76M1.11M
Financing Cash Flow26.81M5.41M31.20M44.66M16.56M675.00K

CROSSTEC Group Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.02
Price Trends
50DMA
1.06
Negative
100DMA
1.00
Negative
200DMA
0.65
Positive
Market Momentum
MACD
-0.06
Positive
RSI
31.36
Neutral
STOCH
5.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3893, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.06, and above the 200-day MA of 0.65, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 31.36 is Neutral, neither overbought nor oversold. The STOCH value of 5.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3893.

CROSSTEC Group Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
55
Neutral
HK$47.28M0.9710.44%-26.94%-38.23%
50
Neutral
HK$120.75M-3.32-7.39%50.50%27.48%
47
Neutral
HK$155.00M2.26-10.63%1.93%-158.33%
47
Neutral
HK$107.52M-4.63-601.82%4.00%13.57%
46
Neutral
HK$341.10M-0.40-24.93%-72.69%
41
Neutral
HK$29.29M-2.54-19.25%46.11%54.20%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3893
CROSSTEC Group Holdings Ltd.
0.86
0.57
196.55%
HK:1376
Raffles Interior Ltd.
0.16
0.09
150.00%
HK:8173
Hephaestus Holdings Limited
0.14
>-0.01
-2.86%
HK:8341
Aeso Holding Limited
0.20
-0.05
-21.51%
HK:8455
Lai Group Holding Co Ltd
0.11
0.02
17.89%
HK:8501
Sanbase Corporation Limited
0.61
0.32
110.34%

CROSSTEC Group Holdings Ltd. Corporate Events

CROSSTEC Publishes Unaudited Interim Results for Six Months Ended 31 December 2025
Feb 27, 2026

CROSSTEC Group Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 31 December 2025, together with comparative unaudited figures for the same period in 2024, fulfilling its Hong Kong listing disclosure obligations. The company will distribute printed copies of its 2025/2026 interim report to shareholders and make it available on both the Hong Kong stock exchange website and the company’s own site, formalizing transparency and providing stakeholders with detailed financial statements, management discussion and analysis, and other key disclosures.

The board currently consists of one executive director, Wang Rong, and three independent non-executive directors, reflecting the firm’s corporate governance structure. The interim documentation includes management discussion and analysis, other information, and full condensed financial statements, which together give investors a more complete view of the group’s financial position and performance for the period, even though headline figures are not disclosed in this announcement.

The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Flags Sharp Interim Loss on One-Off Convertible Bond Charge
Feb 13, 2026

CROSSTEC Group Holdings Ltd. has warned investors that it expects a sharp deterioration in its interim results for the six months ended 31 December 2025, projecting a consolidated net loss of between HK$122.5 million and HK$135.4 million, compared with a loss of about HK$13.1 million a year earlier. The company attributes the enlarged loss mainly to a one-off, non-cash and non-recurring loss of roughly HK$119.8 million linked to the issue of HK$95.5 million in aggregate principal amount of convertible bonds in September 2025, signalling a significant accounting impact from its financing activities while underlying audited figures will only be confirmed with the forthcoming interim results.

The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Boosts Equity Base as MKI Converts Convertible Bonds
Feb 11, 2026

CROSSTEC Group Holdings Ltd. has announced the partial conversion of its outstanding convertible bonds held by MKI into 30 million new shares at a conversion price of HK$0.11 per share, completed on 11 February 2026. The issuance increases the company’s total share count to 396.624 million, modestly diluting existing holders while reinforcing equity capital.

Following the conversion, MKI remains the largest shareholder with 114.7 million shares, representing about 28.92% of the enlarged share capital, up from 23.10% before the transaction. The shift slightly reduces the proportional holdings of other public shareholders and HIL, but clarifies the post-conversion ownership structure and underscores MKI’s continued strategic position in the company.

The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC’s Convertible Bond Conversion Adds New Major Shareholder and Dilutes Existing Stakes
Feb 6, 2026

CROSSTEC Group Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong, has announced the conversion of part of its previously issued convertible bonds into equity. The move reflects ongoing use of equity-linked financing to support the company’s capital structure and broaden its shareholder base.

The company reported that bondholder HIL converted HK$7.7 million of its convertible bonds at HK$0.11 per share, resulting in the issue of 70 million new shares on 6 February 2026. This conversion increases CROSSTEC’s issued share capital from 296.6 million to 366.6 million shares, with the new shares representing about 19.09% of the enlarged share capital, and introduces HIL as a substantial shareholder with a 19.09% stake, while existing major shareholder MKI’s holding is diluted from 28.55% to 23.10%. The transaction alters the ownership structure but leaves MKI as the largest shareholder, with implications for control dynamics and liquidity in the stock.

The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Boosts Share Capital as MKI Converts HK$3.3 Million in Convertible Bonds
Jan 22, 2026

CROSSTEC Group Holdings Ltd., a Cayman Islands–incorporated company listed in Hong Kong, announced the conversion of part of its outstanding convertible bonds, resulting in an increase in issued share capital and a change in its shareholder structure.
The company reported that MKI has converted HK$3.3 million of its convertible bonds into 30 million shares at HK$0.11 per share, raising CROSSTEC’s issued shares from 266,624,000 to 296,624,000. The new conversion shares represent about 10.11% of the enlarged share capital, and MKI’s stake has risen from 20.52% to 28.55%, consolidating its position as the largest shareholder while slightly diluting other public shareholders’ interests.

The most recent analyst rating on (HK:3893) stock is a Sell with a HK$0.96 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Schedules Board Meeting to Review Interim Results and Consider Dividend
Jan 22, 2026

CROSSTEC Group Holdings Ltd. has announced that its board of directors will meet on 27 February 2026 to review and approve the unaudited interim results of the company and its subsidiaries for the six months ended 31 December 2025, and to consider the declaration of an interim dividend, if any. The upcoming board meeting will provide investors and other stakeholders with updated financial performance information for the first half of the fiscal year and may signal the company’s confidence in its financial position, depending on whether an interim dividend is declared.

The most recent analyst rating on (HK:3893) stock is a Sell with a HK$0.96 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Issues 40 Million Shares on Convertible Bond Conversion, Reshaping Shareholder Structure
Jan 13, 2026

CROSSTEC Group Holdings Ltd. has announced the partial conversion of its outstanding convertible bonds held by HIL into equity, resulting in the issue of 40 million new shares. Following this conversion, completed on 13 January 2026 at a conversion price of HK$0.11 per share and involving principal of HK$4.4 million, the company’s total issued share capital has risen to 266.624 million shares. The new conversion shares represent about 17.65% of the pre-conversion share capital and 15.00% of the enlarged capital, with HIL becoming a 15.00% shareholder and MKI remaining the largest shareholder with a diluted but still leading stake of approximately 20.52%. The transaction meaningfully alters the shareholder structure by increasing free float and bringing in a sizeable new investor, while preserving MKI’s position as the top shareholder.

The most recent analyst rating on (HK:3893) stock is a Sell with a HK$0.96 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

CROSSTEC Group Holdings Secures Unanimous Approval for AGM Resolutions
Dec 12, 2025

CROSSTEC Group Holdings Limited announced the successful passage of all proposed resolutions during its Annual General Meeting held on December 12, 2025. The resolutions, which were unanimously approved by shareholders, included the adoption of financial statements, re-election of directors, and granting of mandates for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.

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: Dec 19, 2025