Xinyi Electric Storage Holdings Limited (8328) AI Stock Analysis

• Market Cap: HK$581.29M
• Dividend Yield: N/A
• Average Volume (3M): 109.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.85
• Revenue Growth: -28.40%
• EPS Growth: -350.00%
• Country: HK
• Employees: 445
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 785,533,600
• 10 Day Avg. Volume: 91,910
• 30 Day Avg. Volume: 109,122
• PEG Ratio: <0.01
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -16.62
• 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: 48 Neutral
• Price Target: HK$0.75 ▲(31.93% Upside)

The score is held down primarily by weak financial performance—losses, negative margins, and zero operating/free cash flow—despite a relatively stable balance sheet. Technicals provide some support with the price trending above key moving averages, but overbought signals add risk. Valuation is also a headwind due to negative earnings (negative P/E) and no dividend data.

Positive Factors

Balance sheet stability

A reasonable equity ratio provides a durable capital buffer that cushions losses and supports solvency. This stronger equity base preserves borrowing capacity and strategic flexibility over the next several months, helping the company weather weak operating results while restructuring or pursuing recovery.

Moderate leverage

Moderate debt levels reduce near-term solvency pressure and limit fixed financing costs, lowering refinancing risk while profits are negative. That balanced leverage helps maintain access to credit and avoids excessive interest burden, supporting operational continuity during a multi-quarter turnaround.

Positive gross profit margin

A positive gross margin indicates core product pricing and unit economics remain viable despite overall losses. This durable cost structure means operational improvements or SG&A reductions can meaningfully restore operating profitability, making earnings recovery achievable without changing core products.

Negative Factors

Declining revenue

A large YoY revenue drop materially weakens scale economics, reducing fixed-cost absorption and pressuring margins. Sustained top-line decline over multiple quarters undermines cash generation and market position, making operational fixes harder and extending the timeframe required to return to sustainable profitability.

Negative profitability

Negative EBIT and net margins erode retained earnings and can force cost cuts or asset sales to conserve capital. Persistent unprofitability limits reinvestment in product, capacity, or sales efforts, increasing the risk of market share loss and constraining medium-term recovery unless margins are structurally improved.

Zero operating and free cash flow

No operating or free cash flow signals acute cash-generation issues; the business may need external financing to fund working capital and capex. That structural cash shortfall raises refinancing risk, limits strategic options, and increases vulnerability if profitability does not recover within several quarters.

Xinyi Electric Storage Holdings Limited Business Overview & Revenue Model

Company Description

Xinyi Electric Storage Holdings Limited, an investment holding company, engages in energy storage, EPC services, automobile glass repair and replacement services, and other businesses in the People's Republic of China. It offers lithium battery products; and battery pack and energy storage system facilities with lithium batteries, including power banks for manufacturing facilities to facilitate load shifting and power stabilization, as well as uninterruptible power supply and power banks for households. The company also provides contract processing services; engineering, procurement, and construction services (EPC Services) for photovoltaic power stations; and automobile glass repair and replacement services. In addition, it is involved in trading forklift business; the provision of management services for wind farm operations; and the investment and development of wind farm projects. Further, the company sells automobile glass products comprising laminated, automobile tempered, heated laminated, special tempered, solar-X solar reflective auto, and water repelling glasses. The company operates 4 service centers and a motorcade service team. The company was formerly known as Xinyi Automobile Glass Hong Kong Enterprises Limited. Xinyi Electric Storage Holdings Limited was founded in 1996 and is headquartered in Kowloon, Hong Kong.

How the Company Makes Money

Xinyi Electric Storage Holdings Limited generates revenue primarily through the sale of its electric storage systems, which are marketed to various industries, including automotive, renewable energy, and commercial sectors. The company benefits from multiple key revenue streams, including direct sales of battery systems, long-term contracts with major clients, and partnerships with technology firms for joint development projects. Additionally, Xinyi Electric Storage leverages government incentives and subsidies for renewable energy projects, which can enhance profitability. The company's focus on innovation and expanding its product portfolio further contributes to its financial performance, allowing it to capture a larger market share in the growing electric vehicle and renewable energy markets.

Xinyi Electric Storage Holdings Limited Financial Statement Overview

Summary

Weak profitability and cash generation drive the score: revenue declined year over year, net income and operating/EBIT margins are negative, and operating/free cash flow were reported as zero. The balance sheet is comparatively steadier with a reasonable equity ratio, but negative ROE reflects the recent losses.

Income Statement

The company experienced a decline in total revenue from the previous year, coupled with a negative net income for the latest period indicating a challenging year. The net profit margin and EBIT margin turned negative, reflecting operational difficulties. While the gross profit margin remains positive, the overall profitability is under pressure.

Balance Sheet

The balance sheet shows a reasonable equity ratio, indicating a solid base of stockholders' equity relative to total assets. However, the company has a moderate debt-to-equity ratio, suggesting a balanced leverage position but with some potential risk if profitability issues persist. Return on Equity has turned negative, reflecting recent losses impacting equity returns.

Cash Flow

The company reported zero operating and free cash flows for the latest period, indicating potential liquidity challenges. The cash flow to net income ratios are not calculable due to negative net income and cash flow figures, highlighting cash flow management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.06B	1.23B	1.39B	1.07B	506.19M	218.13M
Gross Profit	174.65M	203.12M	195.29M	165.33M	126.14M	50.72M
EBITDA	48.71M	63.26M	168.99M	119.48M	102.26M	44.48M
Net Income	-204.61M	-197.07M	83.14M	45.90M	62.63M	19.92M
Balance Sheet
Total Assets	2.02B	2.01B	2.33B	2.30B	1.45B	555.56M
Cash, Cash Equivalents and Short-Term Investments	119.02M	129.24M	206.55M	188.26M	437.95M	152.93M
Total Debt	375.11M	483.76M	549.38M	349.26M	236.05M	17.89M
Total Liabilities	999.65M	1.05B	1.11B	1.15B	678.74M	113.08M
Stockholders Equity	996.68M	940.15M	1.19B	1.13B	753.97M	442.31M
Cash Flow
Free Cash Flow	74.76M	-38.74M	-98.86M	-762.89M	-162.24M	-53.70M
Operating Cash Flow	133.43M	30.48M	-5.22M	-296.45M	238.00K	16.79M
Investing Cash Flow	-34.15M	-60.70M	-135.15M	-469.21M	-167.38M	-65.34M
Financing Cash Flow	-121.42M	-60.42M	186.40M	498.46M	443.54M	-27.42M

Xinyi Electric Storage Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8328, the sentiment is Positive. The current price of 0.57 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.62, and below the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 72.86 is Negative, neither overbought nor oversold. The STOCH value of 78.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8328.

Xinyi Electric Storage Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1979	76 Outperform	HK$2.87B	6.85	22.34%	5.75%	18.32%	14.06%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1710	63 Neutral	HK$211.00M	10.71	5.04%	7.47%	4.01%	―
1729	57 Neutral	HK$30.72B	53.73	32.21%	0.17%	―	―
8328	48 Neutral	HK$581.29M	-2.84	-18.92%	―	-28.40%	-350.00%
2188	40 Underperform	HK$238.72M	-4.85	-8.16%	―	-0.84%	42.31%
6908	39 Underperform	HK$575.10M	-2.12	-29.34%	―	-3.87%	1.11%