China Ocean Group Development Limited (8047) AI Stock Analysis

• Market Cap: HK$177.09M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: 6.29%
• EPS Growth: -128.95%
• Country: HK
• Employees: 24
• Sector: Industrials
• Sector Strength: 71
• Industry: Integrated Freight & Logistics
• EPS (TTM): N/A
• Shares Outstanding: 7,083,656,300
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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

• Rating: 41 Neutral
• Price Target: ―

China Ocean Group Development Limited's overall stock score is primarily impacted by its financial performance, which shows significant challenges with declining revenues and profitability. Technical analysis indicates a bearish trend with oversold conditions, while valuation metrics highlight concerns due to negative earnings. The company's ability to improve operational efficiency and manage costs will be crucial for any positive stock performance in the future.

Positive Factors

Market Position

Owning a fleet of fishing vessels provides a competitive advantage in sourcing seafood, ensuring supply chain control and market position.

Revenue Streams

Diverse revenue streams from both domestic and international markets reduce dependency on a single market, enhancing revenue stability.

Supply Chain Efficiency

Strategic partnerships can enhance supply chain efficiency and market reach, supporting long-term growth and operational resilience.

Negative Factors

Declining Revenue

Declining revenue trends indicate potential market share loss or demand issues, impacting long-term financial health and growth prospects.

Profitability Issues

Consistent net losses and negative profit margins highlight ongoing operational inefficiencies and profitability challenges, affecting sustainability.

Cash Flow Challenges

Negative free cash flow indicates difficulties in generating cash from operations, limiting financial flexibility and investment capacity.

China Ocean Group Development Limited Business Overview & Revenue Model

Company Description

China Ocean Group Development Limited, an investment holding company, engages in the supply chain management and ocean fishing businesses in the People's Republic of China, Hong Kong, and internationally. The company provides services involving the planning and implementation of an integrated solution for the flow of business, logistic, information, and funds to small and medium sized enterprises in various industries. In addition, the company is involved in the fishing and catching business in an open sea. Further, it provides administration services and trades in seafood products. The company was formerly known as China Ocean Fishing Holdings Limited and changed its name to China Ocean Group Development Limited in May 2020. China Ocean Group Development Limited was incorporated in 2001 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

China Ocean Group Development Limited generates revenue primarily through the sale of aquatic products. The company operates a fleet of fishing vessels that capture various species of seafood, which are then processed and sold to customers, including wholesalers, retailers, and food service businesses. Key revenue streams include the domestic and international sale of fresh and frozen seafood products. The company may also engage in strategic partnerships with other entities in the seafood industry to expand its market reach and enhance its supply chain efficiency, contributing to its overall earnings.

China Ocean Group Development Limited Financial Statement Overview

Summary

China Ocean Group Development Limited faces significant financial challenges, with declining revenues and profitability pressures evident across the income statement. The balance sheet reflects moderate stability, yet declining equity ratios raise concerns. Cash flow management remains a critical issue, as the company struggles to generate positive free cash flow. Improvement in operational efficiency and cost management is crucial for financial health.

Income Statement

The income statement shows a declining trend in revenue from 2020 to 2024, with a significant decrease in gross profit margins, indicating reduced efficiency in cost management. The company has been consistently reporting net losses, with the net profit margin steadily negative, reflecting ongoing profitability issues. EBIT and EBITDA margins have been negative, highlighting operational challenges.

Balance Sheet

The balance sheet reflects moderate financial stability. The debt-to-equity ratio has been relatively stable, suggesting balanced leverage management. However, the equity ratio has declined over the years, indicating reduced asset backing by equity. Return on equity is negative due to persistent net losses, which is a concern for investor returns.

Cash Flow

The cash flow statement shows negative free cash flow across the years, indicating challenges in generating cash from operations. The operating cash flow to net income ratio suggests cash flow challenges, while free cash flow to net income ratio remains negative, highlighting ongoing liquidity issues despite some financing inflows.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	323.29M	398.17M	225.85M	298.74M	621.72M	826.64M
Gross Profit	31.62M	45.27M	13.79M	15.05M	41.55M	87.20M
EBITDA	-15.34M	5.00M	-8.91M	-600.93M	-347.72M	59.39M
Net Income	-55.25M	-37.40M	-45.75M	-657.21M	-380.27M	28.03M
Balance Sheet
Total Assets	1.27B	1.06B	936.92M	1.03B	1.54B	1.72B
Cash, Cash Equivalents and Short-Term Investments	133.00K	243.00K	4.13M	1.55M	9.66M	2.92M
Total Debt	160.16M	153.56M	166.27M	186.41M	225.68M	197.83M
Total Liabilities	764.38M	536.35M	448.18M	501.17M	474.80M	439.42M
Stockholders Equity	467.18M	485.54M	440.14M	473.44M	1.01B	1.22B
Cash Flow
Free Cash Flow	-78.48M	-61.27M	-41.66M	-61.62M	-91.96M	-80.10M
Operating Cash Flow	-78.48M	-61.26M	-26.02M	-61.49M	-84.50M	-76.84M
Investing Cash Flow	-5.00K	-5.00K	-15.64M	-122.00K	-7.53M	46.00K
Financing Cash Flow	103.47M	82.68M	14.81M	27.73M	98.81M	65.28M

China Ocean Group Development Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8047, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 20.63 is Positive, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8047.

China Ocean Group Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1442	68 Neutral	HK$701.76M	14.85	7.59%	―	13.85%	37.13%
Sector *	65 Neutral	$2.67B	14.71	12.46%	3.52%	2.94%	43.39%
8292	50 Neutral	HK$668.56M	―	-7.88%	―	9.79%	89.05%
1732	48 Neutral	HK$247.04M	6.69	-2.51%	―	-1.40%	-128.66%
1529	46 Neutral	HK$323.53M	―	-9.91%	―	106.55%	63.20%
8047	41 Neutral	HK$177.09M	―	-11.86%	―	6.29%	-128.95%
6123	41 Neutral	HK$518.31M	―	-4.97%	1.89%	-35.13%	-11.52%