CROSSTEC Group Holdings Ltd. (3893) AI Stock Analysis

• Market Cap: HK$317.39M
• Dividend Yield: N/A
• Average Volume (3M): 710.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: -24.93%
• EPS Growth: -72.69%
• Country: HK
• Employees: 34
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): -0.08
• Shares Outstanding: 296,624,000
• 10 Day Avg. Volume: 1,224,798
• 30 Day Avg. Volume: 710,003
• PEG Ratio: -0.01
• Price to Book (P/B): -0.38
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -1.87
• 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: 46 Neutral
• Price Target: HK$1.00 ▼(-1.96% Downside)

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 business model

CROSSTEC's revenue mix spans electronic components, software development and consulting, providing multiple cash engines. Over months this diversification smooths end-market cycles, enables cross-selling between products and services, and its manufacturing capabilities support margin retention.

Multi-industry exposure

Serving telecommunications, automotive and consumer electronics gives exposure to secular technology demand across diverse end markets. This structural footprint reduces concentration risk, enables demand substitution across sectors, and supports long-term sales durability as industries digitize.

Strategic partnerships expand reach

Stated strategic partnerships that enhance market reach and facilitate joint ventures can provide durable commercial advantages. Partnerships help scale distribution, accelerate product adoption, and lower development costs over time, improving competitive positioning if sustained.

Negative Factors

Declining revenue and margins

Material revenue declines (latest period -40.125%) and negative net profit and EBIT margins indicate entrenched operational weakness. Persistent top-line contraction undermines economies of scale, compresses margins, and erodes capacity to invest in R&D or manufacturing, hampering recovery.

High leverage and negative equity

The balance sheet shows negative stockholders' equity and high debt-to-equity, signalling significant leverage stress. This reduces financial flexibility, increases refinancing and covenant risks, and may force asset sales or dilution, impairing the company's ability to fund strategic initiatives.

Negative operating and free cash flow

Negative operating and free cash flows with a substantial decline in free cash flow growth reflect cash burn. Sustained negative cash generation forces reliance on external financing, raises insolvency risk, and limits ability to support capex, pay suppliers, or scale operations over time.

CROSSTEC Group Holdings Ltd. Business Overview & Revenue Model

Company Description

CROSSTEC 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 Money

CROSSTEC 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	55.41M	55.41M	73.81M	48.00M	40.01M	86.60M
Gross Profit	9.50M	9.50M	14.76M	-3.48M	11.65M	18.68M
EBITDA	-14.83M	-14.78M	-3.37M	-48.23M	-16.76M	-6.66M
Net Income	-28.21M	-28.21M	-13.04M	-53.56M	-21.89M	-11.80M
Balance Sheet
Total Assets	67.19M	67.19M	63.61M	59.47M	48.47M	48.61M
Cash, Cash Equivalents and Short-Term Investments	9.72M	9.72M	16.77M	31.00M	23.63M	12.43M
Total Debt	88.39M	88.39M	84.75M	77.79M	35.15M	18.74M
Total Liabilities	132.87M	132.87M	108.04M	113.57M	60.90M	41.34M
Stockholders Equity	-65.68M	-65.68M	-44.43M	-54.10M	-12.42M	7.27M
Cash Flow
Free Cash Flow	-13.42M	-13.43M	-40.36M	-37.27M	-12.68M	-9.51M
Operating Cash Flow	-13.42M	-13.43M	-39.77M	-35.36M	-12.62M	-9.47M
Investing Cash Flow	7.00K	19.00K	-4.34M	227.00K	4.76M	1.11M
Financing Cash Flow	5.41M	5.41M	31.20M	44.66M	16.56M	675.00K

CROSSTEC Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3893, the sentiment is Positive. The current price of 1.02 is below the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.04, and above the 200-day MA of 0.53, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3893.

CROSSTEC Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8341	55 Neutral	HK$49.68M	3.81	10.44%	―	-26.94%	-38.23%
8455	48 Neutral	HK$120.00M	-10.33	-601.82%	―	4.00%	13.57%
1376	47 Neutral	HK$111.00M	-17.90	29.87%	―	1.93%	-158.33%
8501	47 Neutral	HK$96.00M	-12.50	-5.93%	―	50.50%	27.48%
3893	46 Neutral	HK$317.39M	-6.36	―	―	-24.93%	-72.69%
8173	41 Neutral	HK$24.76M	-4.58	-19.25%	―	46.11%	54.20%

CROSSTEC Group Holdings Ltd. Corporate Events

CROSSTEC Boosts Share Capital as MKI Converts HK$3.3 Million in Convertible Bonds

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

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

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

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.

CROSSTEC Group Holdings Ltd. Completes Convertible Bond Conversion

CROSSTEC Group Holdings Ltd. has announced the conversion of convertible bonds, resulting in the issuance of 40,000,000 new shares. This conversion increases the company’s issued share capital to 226,624,000 shares, with MKI remaining the largest shareholder, holding approximately 28.55% of the enlarged share capital.

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.