Baiwang Co., Ltd. Class H (HK:6657)
:6657
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Baiwang Co., Ltd. Class H
(6657)
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Rating:43Neutral
Price Target:
HK$17.00
▼(-9.57% Downside)
Action:ReiteratedDate:01/13/26
The score is primarily weighed down by weak financial performance—declining revenue, widening losses, and negative operating/free cash flow. Technical indicators are only mildly supportive, and valuation is difficult to justify given ongoing losses (negative P/E) and no dividend yield data.
Positive Factors
Balance Sheet Improvement
The positive shift in equity and low leverage enhance financial stability, providing a stronger foundation for future growth and resilience.
Negative Factors
Declining Revenue
Declining revenue indicates challenges in maintaining market share or product competitiveness, potentially impacting long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Improvement
The positive shift in equity and low leverage enhance financial stability, providing a stronger foundation for future growth and resilience.
Read all positive factors
Baiwang Co., Ltd. Class H (6657) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.50B
Dividend YieldN/A
Average Volume (3M)18.39K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees926
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.07
Shares Outstanding225,906,750
10 Day Avg. Volume12,310
30 Day Avg. Volume18,390
Financial Highlights & Ratios
PEG Ratio-1.78
Price to Book (P/B)6.32
Price to Sales (P/S)9.01
P/FCF Ratio-38.24
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)0.25
Revenue Forecast (FY)HK$1.01B
Baiwang Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Baiwang Co., Ltd. provides enterprise digitalization solutions through Baiwang Cloud platform in China. It offers software as a service (SaaS) financial and tax digitalization, including e-invoice compliance management, intelligent financial, and ...
How the Company Makes Money
Baiwang Co., Ltd. generates revenue primarily through the sale of its electronic invoicing and tax management software solutions. The company operates on a subscription model, where businesses pay recurring fees for access to its software and serv...
Baiwang Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
45
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 725.25M | 659.21M | 713.00M | 525.76M | 453.76M | 291.12M |
| Gross Profit | 315.10M | 263.42M | 282.03M | 236.75M | 247.75M | 139.06M |
| EBITDA | -61.95M | -173.57M | -339.67M | -91.81M | -186.88M | -106.65M |
| Net Income | -51.99M | -501.21M | -357.98M | -153.50M | -446.94M | -388.80M |
Balance Sheet | ||||||
| Total Assets | 1.22B | 1.22B | 1.15B | 1.42B | 1.62B | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 579.55M | 721.79M | 713.09M | 718.58M | 828.65M | 503.97M |
| Total Debt | 20.76M | 2.97M | 2.23B | 2.18B | 43.64M | 1.37B |
| Total Liabilities | 279.65M | 280.96M | 2.55B | 2.80B | 2.95B | 1.97B |
| Stockholders Equity | 945.16M | 940.54M | -1.40B | -1.38B | -1.33B | -949.40M |
Cash Flow | ||||||
| Free Cash Flow | -41.88M | -155.31M | -105.43M | -59.25M | -15.87M | -87.07M |
| Operating Cash Flow | -39.05M | -152.14M | -99.33M | -54.04M | -10.03M | -77.64M |
| Investing Cash Flow | -5.03M | 1.29M | 216.81M | -189.80M | -189.78M | -209.05M |
| Financing Cash Flow | 0.00 | 256.80M | -19.66M | -13.72M | 435.67M | 94.18M |
Baiwang Co., Ltd. Class H Technical Analysis
Negative
18.80
Price Trends
16.15
Negative
16.47
Negative
19.27
Negative
Market Momentum
-0.11
Negative
49.20
Neutral
90.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6657, the sentiment is Negative. The current price of 18.8 is above the 20-day moving average (MA) of 15.39, above the 50-day MA of 16.15, and below the 200-day MA of 19.27, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 49.20 is Neutral, neither overbought nor oversold. The STOCH value of 90.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6657.
Baiwang Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$4.37B | 12.92 | 3.62% | ― | -28.46% | -13.25% | |
62 Neutral | HK$2.45B | 18.29 | 8.35% | ― | 12.46% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$9.79B | 18.23 | 8.20% | ― | 22.86% | 5105.88% | |
52 Neutral | HK$5.48B | 55.03 | 6.30% | 3.47% | -17.90% | 56.67% | |
43 Neutral | HK$3.50B | -432.70 | -5.51% | ― | ― | ― | |
43 Neutral | HK$3.95B | 180.54 | -1.31% | 3.10% | -17.48% | 83.80% |
* Technology Sector Average
HK:6657
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Baiwang Co., Ltd. Class H Corporate Events
Baiwang Converts RMB35 Million Loan Into 35% Equity Stake in Baiwangyun Overseas
Dec 31, 2025
Baiwang Co., Ltd. has entered into a capital increase agreement with Huanqiu Zhilian, Baiwangyun Overseas and individual shareholder Yang Zhengdao to convert the outstanding principal of a RMB35 million convertible loan into equity of Baiwangyun O...
Baiwang Completes Full Conversion to 100% H Shares on Hong Kong Exchange
Dec 18, 2025
Baiwang Co., Ltd. has completed the conversion of all its 135,064,706 domestic shares into H shares, resulting in a capital structure composed entirely of 225,906,754 H shares listed on the Hong Kong Stock Exchange. The move, which follows regulat...
Baiwang Co., Ltd. Extends Conversion Option for Overseas Expansion
Dec 3, 2025
Baiwang Co., Ltd. has announced an extension of the exercise period for its Conversion Option related to a Convertible Loan Agreement with Baiwangyun Overseas, a key vehicle for its overseas expansion. This extension allows Baiwang to maintain ope...
Baiwang Co., Ltd. Announces Key Leadership Changes
Nov 28, 2025
Baiwang Co., Ltd. has announced several significant leadership changes effective November 28, 2025. Mr. Fu Yingbo has resigned from his roles as Executive Director, Chief Executive Officer, and other positions due to personal career planning, with...
Baiwang Co., Ltd. Announces Board Composition and Roles
Nov 28, 2025
Baiwang Co., Ltd. has announced the composition and roles of its board of directors, highlighting the leadership structure within the company. The announcement details the roles of executive, non-executive, and independent non-executive directors ...
Baiwang Co., Ltd. Forms Nomination Committee to Enhance Governance
Nov 28, 2025
Baiwang Co., Ltd. has established a Nomination Committee to regulate the selection of its directors and senior management, aiming to optimize its board composition and governance structure. This move aligns with the Company’s adherence to th...
Baiwang Co., Ltd. Secures H Share Full Circulation Approval
Nov 21, 2025
Baiwang Co., Ltd., a joint stock company incorporated in China, has received approval from the Hong Kong Stock Exchange for the full circulation of its H Shares. This approval allows for the conversion and listing of 135,064,706 Domestic Shares in...
Baiwang Co., Ltd. Highlights Strategic Investments and Prudent Financial Management
Oct 21, 2025
Baiwang Co., Ltd. has issued a supplemental announcement to its 2024 Annual Report, highlighting its investment strategy and financial management practices. The company holds significant investments, including a stake in Boya Zhongke, a finance ma...
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.