China Come Ride New Energy Group Limited (8039) AI Stock Analysis

• Market Cap: HK$74.44M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.19
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 20
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): N/A
• Shares Outstanding: 493,000,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: -8.83
• Price to Book (P/B): -184.63
• Price to Sales (P/S): 5.95
• P/FCF Ratio: -72.36
• 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: 34 Underperform
• Price Target: ―

China Come Ride New Energy Group Limited is facing significant financial and operational challenges, as evidenced by its poor financial performance and unattractive valuation metrics. The technical analysis indicates a bearish trend, further compounded by the lack of earnings call data or notable corporate events to provide any positive offsets. The company's financial instability and negative market sentiment significantly weigh down the overall stock score.

Positive Factors

Market Position in Renewable Energy

Operating in the renewable energy sector positions the company to benefit from global trends towards sustainability and green energy adoption, potentially driving long-term demand for its products and services.

Government Incentives

Government incentives for renewable energy can provide financial support and enhance market opportunities, contributing to revenue growth and competitive positioning over time.

Strategic Partnerships

Strategic partnerships can enhance technological capabilities and market reach, fostering innovation and competitive advantages that support long-term growth.

Negative Factors

Declining Revenue

Declining revenue suggests challenges in maintaining market share and competitiveness, potentially impacting long-term financial stability and growth prospects.

High Leverage

High leverage and negative equity raise concerns about financial health and solvency, limiting the company's ability to invest in growth and weather economic downturns.

Negative Cash Flow

Negative cash flow indicates challenges in generating sufficient cash from operations, potentially leading to liquidity constraints and reliance on external financing.

China Come Ride New Energy Group Limited Business Overview & Revenue Model

Company Description

China Come Ride New Energy Group Limited, an investment holding company, provides architectural and structural engineering consultancy services in Hong Kong. It offers licensing consultancy; alteration and addition works, and minor works consultancy; inspection and certification; and other architecture related consultancy services. The company is the lease of atmospheric water generator where such water generator can produce micro-clustered hydrogen-rich potable water. China Come Ride New Energy Group Limited was formerly known as KNK Holdings Limited and changed its name to China Come Ride New Energy Group Limited in September 2022. China Come Ride New Energy Group Limited was founded in 1999 and is headquartered in Causeway Bay, Hong Kong.

How the Company Makes Money

The company generates revenue through the sale of its energy storage systems and renewable energy technologies to both commercial and residential customers. Key revenue streams include direct sales of products, installation services, and maintenance contracts. Additionally, China Come Ride New Energy Group Limited may engage in strategic partnerships with other energy companies to expand its market reach and enhance its technological capabilities, thereby contributing to its earnings. The company may also benefit from government incentives and subsidies aimed at promoting renewable energy adoption.

China Come Ride New Energy Group Limited Financial Statement Overview

Summary

China Come Ride New Energy Group Limited faces substantial financial challenges, with declining revenues, consistent losses, and significant leverage posing risks to its financial health. While some areas show minor improvements, such as gross profit margin, the company requires strategic interventions to stabilize and improve its financial position.

Income Statement

The company's income statement reveals challenges in profitability, with consistently negative net income and EBIT margins. The gross profit margin improved slightly in the latest year but remains low, reflecting cost pressures. Revenue has declined significantly, indicating a need for strategic adjustments to reverse this trend.

Balance Sheet

The balance sheet highlights significant financial instability, with negative stockholders' equity indicating high leverage and potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, reflecting an urgent need for capital restructuring.

Cash Flow

Cash flow analysis shows persistent negative operating and free cash flows, suggesting liquidity issues and an inability to generate sufficient cash from operations. The company has relied on financing activities to bolster cash positions, which may not be sustainable long-term.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	19.44M	30.67M	45.37M	35.82M	41.25M	29.78M
Gross Profit	569.00K	6.50M	7.05M	10.30M	3.27M	-5.72M
EBITDA	-5.58M	-3.98M	-3.47M	1.65M	-11.52M	-29.72M
Net Income	-5.73M	-4.85M	-4.64M	-42.00K	-13.14M	-34.33M
Balance Sheet
Total Assets	0.00	21.25M	16.88M	16.72M	13.20M	32.01M
Cash, Cash Equivalents and Short-Term Investments	5.89M	4.84M	3.96M	3.08M	2.58M	11.15M
Total Debt	0.00	8.27M	5.68M	6.38M	13.94M	17.18M
Total Liabilities	0.00	22.23M	13.02M	8.21M	15.36M	21.03M
Stockholders Equity	3.86M	-988.00K	3.86M	8.51M	-2.16M	10.98M
Cash Flow
Free Cash Flow	2.91M	-2.52M	-560.00K	-163.00K	-5.81M	-15.35M
Operating Cash Flow	2.91M	-1.77M	-560.00K	-96.00K	-5.81M	-15.35M
Investing Cash Flow	0.00	-748.00K	1.00K	-67.00K	820.00K	-8.57M
Financing Cash Flow	-362.98K	3.40M	1.43M	671.00K	-3.58M	5.65M

China Come Ride New Energy Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8039, the sentiment is Positive. The current price of 0.15 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 59.28 is Neutral, neither overbought nor oversold. The STOCH value of 90.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8039.

China Come Ride New Energy Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3822	71 Outperform	HK$99.96M	1.81	11.01%	10.17%	52.69%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1500	54 Neutral	HK$106.24M	4.12	10.02%	―	-17.67%	1010.71%
1718	44 Neutral	HK$75.08M	-0.83	-46.48%	―	-0.64%	13.72%
1802	44 Neutral	HK$37.42M	0.04	―	―	―	―
2113	40 Neutral	HK$51.50M	18.82	―	―	-23.73%	―
8039	34 Underperform	HK$74.44M	-15.25	-418.42%	―	―	―