Xi'an Haitiantian Holdings Co (8227) AI Stock Analysis

• Market Cap: HK$402.30M
• Dividend Yield: N/A
• Average Volume (3M): 487.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.06
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 37
• Sector: Technology
• Sector Strength: 88
• Industry: Conglomerates
• EPS (TTM): N/A
• Shares Outstanding: 645,764,700
• 10 Day Avg. Volume: 123,400
• 30 Day Avg. Volume: 487,833
• PEG Ratio: 0.62
• Price to Book (P/B): -12.47
• Price to Sales (P/S): 28.00
• P/FCF Ratio: -280.40
• 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: 51 Neutral
• Price Target: HK$0.22 ▼(-0.91% Downside)

The score is held back primarily by weak financial performance, including ongoing large losses, persistent cash outflows, and negative equity. Technical indicators are comparatively supportive with improving momentum, but valuation cannot be judged due to missing P/E and dividend yield data.

Xi'an Haitiantian Holdings Co Business Overview & Revenue Model

Company Description

Xi'an Haitian Antenna Technologies Co., Ltd., together with its subsidiaries, researches and develops, manufactures, installs, and sells mobile communication antennas and related products in the People's Republic of China and other Asian countries. The company offers underwater and underground surveillance, imaging, mechanical equipment, and other related products; complicated environment warning and surveillance equipment; and agricultural and forestry used unmanned aerial vehicles, as well as consultancy services. It also trades in construction related products; and poultry and agricultural products. The company was formerly known as Xi'an Haitiantian Holdings Co., Ltd. and changed its name to Xi'an Haitian Antenna Technologies Co., Ltd. in August 2019. Xi'an Haitian Antenna Technologies Co., Ltd. was founded in 1999 and is headquartered in Xi'an, the People's Republic of China.

How the Company Makes Money

Xi'an Haitiantian Holdings Co Financial Statement Overview

Summary

Financial health is weak: despite a 2024 revenue rebound and improved gross margin, the company continues to post very large operating and net losses, with consistently negative operating/free cash flow. Negative shareholders’ equity in 2023–2024 materially increases financial risk and limits flexibility.

Income Statement

Revenue has been volatile but showed a rebound in 2024 (+7.4% YoY) after a weak 2023, indicating some top-line recovery. Gross margin improved meaningfully in 2024 versus 2023, suggesting better pricing or cost control at the gross level. However, profitability remains a major issue: operating results are deeply negative across all years, and 2024 still shows very large losses with a sharply negative net margin, indicating the cost structure remains misaligned with the current revenue base.

Balance Sheet

The balance sheet is highly stressed: shareholders’ equity is negative in 2023 and 2024, which materially weakens financial flexibility and increases refinancing risk. Total debt has come down versus 2021–2022 levels, but leverage metrics are distorted by the negative equity position and do not reflect true balance-sheet strength. Overall, the company appears under-capitalized relative to its asset base, with limited cushion to absorb further losses.

Cash Flow

Cash generation is consistently weak, with operating cash flow negative every year shown, including 2024, indicating the core business is not funding itself. Free cash flow is also persistently negative, which typically implies ongoing reliance on external funding or asset sales to sustain operations. While the cash burn in 2024 is smaller than earlier years, the trend still reflects structurally challenged cash economics and limited self-funded turnaround capacity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.89M	21.96M	13.09M	20.53M	39.07M	12.18M
Gross Profit	5.86M	7.43M	2.06M	5.91M	12.49M	2.85M
EBITDA	-3.00M	-8.06M	-31.30M	-22.84M	-13.09M	-21.00M
Net Income	-14.69M	―	―	-30.27M	-22.67M	-34.19M
Balance Sheet
Total Assets	48.64M	50.00M	58.56M	92.24M	117.52M	106.22M
Cash, Cash Equivalents and Short-Term Investments	1.60M	3.13M	1.99M	2.19M	4.37M	4.40M
Total Debt	3.66M	3.89M	5.59M	13.32M	16.10M	10.28M
Total Liabilities	99.85M	96.76M	89.56M	80.25M	95.25M	61.28M
Stockholders Equity	-53.70M	-49.32M	-33.44M	9.54M	19.66M	42.33M
Cash Flow
Free Cash Flow	389.75K	-2.19M	-7.17M	-10.68M	-27.08M	-19.98M
Operating Cash Flow	499.90K	-2.06M	-6.68M	-9.69M	-25.98M	-19.10M
Investing Cash Flow	9.86K	513.45K	-438.60K	-987.26K	1.51M	10.66M
Financing Cash Flow	-366.01K	2.66M	6.99M	8.39M	26.55M	4.83M

Xi'an Haitiantian Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
8162	60 Neutral	HK$477.74M	9.55	42.14%	―	-11.49%	85.40%
8227	51 Neutral	HK$402.30M	―	―	―	―	―
0132	50 Neutral	HK$340.75M	132.67	-4.32%	2.45%	-1.50%	-96.83%
1468	45 Neutral	HK$187.57M	-0.88	-18.50%	―	-19.10%	83.61%