Kaisun Holdings Limited (8203) AI Stock Analysis

• Market Cap: HK$119.66M
• Dividend Yield: N/A
• Average Volume (3M): 22.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: 47.32%
• EPS Growth: 2.60%
• Country: HK
• Employees: 107
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): -0.04
• Shares Outstanding: 583,415,830
• 10 Day Avg. Volume: 5,600
• 30 Day Avg. Volume: 22,633
• PEG Ratio: -0.18
• Price to Book (P/B): -5.21
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 3.40
• 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: 39 Underperform
• Price Target: HK$0.23 ▲(5.91% Upside)
• Action: Downgraded Date: 11/19/25
• Date: Action: Downgraded 11/19/25

The overall stock score is heavily influenced by significant financial challenges, including negative equity and weak cash flow. Technical indicators suggest bearish momentum, and the valuation is unattractive with a negative P/E ratio. These factors combined result in a low overall score, indicating high risk and limited investment appeal.

Positive Factors

Strong revenue growth

Sustained high revenue growth (Fundamentals.RevenueGrowth ~47.3%) indicates expanding market demand or volume scale. Over 2–6 months this supports operational leverage, better utilization of fixed costs, and creates a platform for margin recovery and reinvestment if cash conversion can be improved.

Negative Factors

Negative stockholders' equity

Negative equity is a structural weakness that limits financial flexibility and heightens insolvency risk. Over months, it constrains ability to raise equity, increases cost of capital, and can force deleveraging or asset sales, undermining strategic options and long-term stability if not remedied.

Kaisun Holdings Limited Business Overview & Revenue Model

Company Description

Kaisun Holdings Limited, an investment holding company, engages in the mining, exploitation, processing, production, and sale of coal. The company operates through three segments: Coal Mining Business, Consulting and Media Service Business, and Co...

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Kaisun Holdings Limited, an investment holding company, engages in the mining, exploitation, processing, production, and sale of coal. The company operates through three segments: Coal Mining Business, Consulting and Media Service Business, and Co...

How the Company Makes Money

Kaisun Holdings Limited generates revenue through several key streams. Primarily, the company earns income from its mining operations, which include the extraction and sale of minerals and resources. This segment is bolstered by effective manageme...

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Kaisun Holdings Limited generates revenue through several key streams. Primarily, the company earns income from its mining operations, which include the extraction and sale of minerals and resources. This segment is bolstered by effective manageme...

Kaisun Holdings Limited Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	941.38M	1.11B	298.94M	266.69M	156.58M	35.96M
Gross Profit	85.14M	135.57M	79.30M	11.13M	6.99M	13.37M
EBITDA	9.34M	45.74M	4.65M	13.71M	-48.73M	-51.72M
Net Income	-15.48M	8.88M	-31.89M	-15.23M	-66.18M	-60.30M
Balance Sheet
Total Assets	745.04M	741.00M	526.15M	531.73M	368.39M	353.79M
Cash, Cash Equivalents and Short-Term Investments	36.22M	106.79M	49.69M	48.35M	56.37M	60.62M
Total Debt	46.85M	46.96M	47.14M	47.66M	65.94M	53.15M
Total Liabilities	790.95M	758.94M	557.33M	532.57M	337.63M	255.69M
Stockholders Equity	-63.68M	-38.99M	-50.62M	-16.97M	11.79M	75.15M
Cash Flow
Free Cash Flow	-32.71M	59.66M	4.66M	-2.74M	707.00K	6.10M
Operating Cash Flow	-2.60M	127.06M	13.18M	34.68M	9.45M	45.24M
Investing Cash Flow	-30.28M	-66.20M	-8.06M	-37.25M	-8.37M	-38.90M
Financing Cash Flow	-2.38M	-186.00K	-814.00K	-931.00K	-1.29M	-1.28M

Kaisun Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8203, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 21.12 is Positive, neither overbought nor oversold. The STOCH value of 78.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8203.

Kaisun Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1229	68 Neutral	HK$156.14M	-12.93	8.91%	―	42.60%	-67.94%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0704	47 Neutral	HK$114.98M	-0.30	-1.47%	―	―	―
0065	45 Neutral	HK$78.57M	-2.50	-36.43%	―	-20.97%	-213.53%
1738	42 Neutral	HK$142.20M	-0.13	―	―	-42.18%	-3.23%
0276	40 Underperform	HK$97.83M	-0.04	37.69%	―	-38.71%	-193.94%
8203	39 Underperform	HK$119.66M	-2.75	―	―	47.32%	2.60%