State Innovation Holdings Limited (8275) AI Stock Analysis

• Market Cap: HK$102.00M
• Dividend Yield: N/A
• Average Volume (3M): 5.12M
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.05
• Revenue Growth: 13.27%
• EPS Growth: -531.20%
• Country: HK
• Employees: 27
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.05
• Shares Outstanding: 815,988,100
• 10 Day Avg. Volume: 5,418,060
• 30 Day Avg. Volume: 5,123,748
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score of 43 reflects significant financial and technical challenges faced by State Innovation Holdings Limited. The company's inability to generate profits and positive cash flows, combined with bearish technical indicators, suggests a high-risk investment. Valuation metrics further highlight the stock's unattractiveness due to ongoing losses and lack of dividends.

State Innovation Holdings Limited Business Overview & Revenue Model

Company Description

State Innovation Holdings Limited, an investment holding company, provides foundation work services in Hong Kong. The company undertakes bored piling and other foundation works. It also offers management services for construction works; and machinery rental and leasing services. The company was formerly known as Beaver Group (Holding) Company Limited. The company was incorporated in 2017 and is headquartered in Kwai Chung, Hong Kong.

How the Company Makes Money

State Innovation Holdings Limited primarily generates revenue through its investment activities. The company makes money by investing in a diversified portfolio of financial instruments, including stocks, bonds, and other securities, aiming to earn returns through capital appreciation, dividends, and interest income. Additionally, it may engage in strategic mergers and acquisitions that align with its long-term growth objectives. Significant partnerships and collaborations with financial institutions can enhance its investment capabilities and contribute to its revenue streams. The company's earnings are also influenced by market conditions, investment performance, and effective financial management.

State Innovation Holdings Limited Financial Statement Overview

Summary

State Innovation Holdings Limited faces considerable financial challenges, with recurring losses, negative cash flows, and operational inefficiencies. Despite some improvements in the balance sheet, such as reduced debt and a strong equity ratio, the company's financial health is compromised by its inability to generate sustainable profits and positive cash flows.

Income Statement

State Innovation Holdings Limited has shown inconsistent performance in its income statement. The company experienced a decline in gross profit margin due to a significant drop in gross profit, especially in 2025. The net profit margin has been negative for multiple years, indicating ongoing profitability challenges. Revenue growth has been volatile, with a notable increase in 2024, but overall, the company has struggled to maintain positive EBIT and EBITDA margins, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a stable equity base, with a debt-to-equity ratio improving over time as debt levels decreased. However, the return on equity remains negative due to continuous net losses, posing a risk to shareholder returns. The equity ratio is healthy, indicating a strong proportion of equity financing relative to total assets, which is a positive indicator of financial stability.

Cash Flow

Cash flow analysis reveals persistent negative operating cash flows, exacerbating the company's liquidity issues. Free cash flow has also been negative, indicating cash outflows are higher than cash inflows, which could impact future operations and investments. The operating cash flow to net income ratio is unfavorable, suggesting inefficient conversion of profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	158.55M	158.55M	139.97M	135.10M	146.74M	141.79M
Gross Profit	13.57M	13.57M	34.93M	-6.97M	-23.40M	15.16M
EBITDA	-13.72M	-22.08M	17.09M	-17.45M	-30.00M	-1.62M
Net Income	-31.15M	-31.15M	8.35M	-26.76M	-37.80M	-14.71M
Balance Sheet
Total Assets	137.13M	137.13M	168.70M	128.47M	112.59M	132.69M
Cash, Cash Equivalents and Short-Term Investments	30.14M	30.14M	66.24M	12.16M	4.34M	7.53M
Total Debt	1.27M	1.27M	4.03M	7.47M	15.95M	35.16M
Total Liabilities	21.61M	21.61M	45.32M	56.17M	62.07M	77.93M
Stockholders Equity	115.53M	115.53M	123.38M	72.62M	50.53M	54.77M
Cash Flow
Free Cash Flow	-23.22M	-30.04M	-4.13M	-37.77M	-17.30M	1.12M
Operating Cash Flow	-19.87M	-26.69M	-2.35M	-19.84M	-9.65M	6.44M
Investing Cash Flow	-29.19M	-20.80M	-7.51M	-18.52M	-7.17M	3.31M
Financing Cash Flow	18.83M	19.58M	44.71M	39.55M	13.63M	-7.67M

State Innovation Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8275, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.75 is Neutral, neither overbought nor oversold. The STOCH value of 54.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8275.

State Innovation Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9929	70 Outperform	146.00M	12.81	1.79%	―	0.00%	0.00%
1741	60 Neutral	160.80M	-4.04	-29.02%	―	-34.70%	-388.24%
6080	58 Neutral	185.98M	35.32	3.27%	―	20.26%	17.50%
2221	46 Neutral	148.04M	-1.61	-25.24%	―	47.91%	-2894.44%
8275	43 Neutral	HK$102.00M	9.57	-26.08%	―	13.27%	-531.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%