Shanxi Changcheng Microlight Equipment Co. Ltd. Class H (HK:8286)
:8286
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Shanxi Changcheng Microlight Equipment Co. Ltd. Class H
(8286)
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Rating:46Neutral
Price Target:
HK$0.18
▲(60.00% Upside)
Action:Reiterated
Date:04/19/26
The score is primarily held down by weak financial performance, especially persistent losses and a highly stressed balance sheet with negative equity and meaningful debt. Technicals are relatively neutral with a mild longer-term uptrend but near-term softness, while valuation metrics offer limited support due to a negative P/E and no dividend yield data.
Positive Factors
Gross margin resilience
Gross margins remained in the mid-30s (≈35–37%) across 2024–2025, indicating the company’s products cover variable costs. That durable product-level economics provide a structural cushion: with better fixed-cost control or modest scale, operating leverage could materially improve profitability over months.
Negative Factors
Negative shareholders' equity & leverage
Shareholders’ equity has been consistently negative and debt increased materially in 2025, a structural solvency concern. Negative equity restricts traditional financing, elevates default risk, and limits strategic options; this capital-structure impairment materially raises the hurdle to durable recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin resilience
Gross margins remained in the mid-30s (≈35–37%) across 2024–2025, indicating the company’s products cover variable costs. That durable product-level economics provide a structural cushion: with better fixed-cost control or modest scale, operating leverage could materially improve profitability over months.
Read all positive factors
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H (8286) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$53.12M
Dividend YieldN/A
Average Volume (3M)18.50K
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth7.87%
EPS Growth25.30%
CountryHK
Employees295
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.12
Shares Outstanding110,000,000
10 Day Avg. Volume0
30 Day Avg. Volume18,500
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)-0.16
Price to Sales (P/S)1.41
P/FCF Ratio-137.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Shanxi Changcheng Microlight Equipment Co. Ltd. engages in the research, design, development, manufacture, and sale of image transmission fiber optic products in the People's Republic of China, Europe, Hong Kong, Russia, and the Middle East. The c...
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.76M | 18.48M | 17.14M | 26.72M | 15.54M | 18.42M |
| Gross Profit | 5.86M | 6.38M | 6.43M | 12.38M | 5.96M | 3.32M |
| EBITDA | -28.99M | -11.18M | -18.48M | 3.64M | 20.11M | -14.66M |
| Net Income | -33.74M | -24.91M | -33.62M | -10.38M | 7.21M | -40.39M |
Balance Sheet | ||||||
| Total Assets | 168.79M | 160.25M | 162.87M | 171.67M | 150.65M | 148.50M |
| Cash, Cash Equivalents and Short-Term Investments | 292.00K | 383.16K | 292.00K | 277.00K | 405.00K | 399.00K |
| Total Debt | 71.42M | 107.42M | 70.77M | 70.79M | 68.60M | 116.37M |
| Total Liabilities | 314.82M | 316.72M | 304.80M | 279.97M | 248.57M | 262.93M |
| Stockholders Equity | -145.84M | -166.71M | -141.72M | -108.19M | -97.80M | -114.30M |
Cash Flow | ||||||
| Free Cash Flow | 486.00K | -189.00K | 732.00K | -1.75M | -403.00K | 502.00K |
| Operating Cash Flow | 645.00K | 345.00K | 891.00K | -1.25M | -362.00K | 511.00K |
| Investing Cash Flow | -183.00K | -374.00K | -231.00K | 5.33M | 283.00K | 382.00K |
| Financing Cash Flow | 5.00K | 120.00K | -645.00K | -4.21M | 85.00K | -1.71M |
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Technical Analysis
Negative
0.11
Price Trends
0.19
Negative
0.16
Positive
0.15
Positive
Market Momentum
>-0.01
Positive
39.83
Neutral
44.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8286, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 44.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8286.
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$49.99B | 6.27 | 8.59% | 0.63% | 16.62% | 42.86% | |
72 Outperform | HK$287.94B | 67.67 | 9.01% | 0.54% | 20.63% | 48.18% | |
68 Neutral | HK$691.48M | 7.47 | 11.92% | 2.53% | 19.80% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$4.33B | -70.76 | -11.77% | 0.24% | 0.94% | ― | |
54 Neutral | HK$551.83M | -8.74 | -0.25% | ― | -7.14% | 85.97% | |
46 Neutral | HK$53.12M | -0.32 | 19.55% | ― | 7.87% | 25.30% |
* Technology Sector Average
HK:8286
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H
0.16
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94.05%
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-15.87%
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Yangtze Optical Fibre and Cable Joint Stock Co
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215.61
1400.78%
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0.63
0.48
320.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.