Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H (9663) AI Stock Analysis

• Market Cap: HK$1.91B
• Dividend Yield: N/A
• Average Volume (3M): 200.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 511
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.38
• Shares Outstanding: 393,898,070
• 10 Day Avg. Volume: 226,100
• 30 Day Avg. Volume: 200,500
• PEG Ratio: 1.03
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 15.95
• P/FCF Ratio: -13.36
• 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: 40 Neutral
• Price Target: HK$4.50 ▼(-8.35% Downside)

Sino-Synergy Hydrogen Energy Technology's overall stock score is primarily impacted by its weak financial performance and poor valuation. The company's declining revenues, negative profitability, and cash flow challenges are significant concerns. Technical analysis indicates a bearish trend, further weighing on the stock's outlook. The absence of earnings call data and corporate events leaves these areas unaddressed in the evaluation.

Positive Factors

Strong equity base

A 63.72% equity ratio indicates a substantial capital base that provides a durable buffer against operational shocks and liquidity stress. This supports longer-term funding for R&D and strategic projects without immediate reliance on external debt, improving resilience over months.

Manageable leverage

A debt-to-equity ratio around 0.20 signals low financial leverage, reducing refinancing and interest risk. This conservatism preserves financial flexibility for capex or partnerships in the hydrogen transition and limits downside from rising rates or constrained cashflows over the medium term.

Strategic position in hydrogen

As a technology-focused hydrogen fuel cell and systems provider, the company sits in a structural growth market driven by decarbonization policies and industrial adoption. Its R&D orientation and product scope position it to capture multi-year demand and partnership-led revenue streams.

Negative Factors

Declining revenues & losses

Sustained revenue declines combined with negative profitability indicate persistent demand or execution problems. Continued top-line contraction undermines operating leverage and makes it harder to achieve break-even, forcing reliance on external funding or cost cuts that can impair long-term competitiveness.

Weak cash generation

Negative operating and free cash flows signal poor cash conversion from operations, constraining reinvestment in production and R&D. Over a multi-month horizon this heightens financing risk, may necessitate dilutive capital raises, and limits ability to scale or fulfill large contracts.

Low gross margins

A 9.06% gross margin points to high production or input costs relative to pricing power. Margin pressure erodes capacity to fund SG&A and R&D, and makes profitability sensitive to volume swings. Without durable margin improvement, long-term competitiveness and cash flow sustainability are at risk.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. operates as a hydrogen fuel cell company. It focuses on research, development, production and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. The company was founded by Xiao Min Chen on June 30, 2015 and is headquartered in Jiaxing, China.

How the Company Makes Money

Sino-Synergy generates revenue primarily through the sale of hydrogen fuel cells and hydrogen production systems. Its revenue model includes direct sales to manufacturers and industries that integrate hydrogen solutions into their operations. Additionally, the company may earn revenue from service contracts for maintenance and support of their technologies. Strategic partnerships with automotive companies and government initiatives promoting clean energy can also enhance revenue through collaborative projects and grants, expanding their market reach and increasing overall sales.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Financial Statement Overview

Summary

Sino-Synergy Hydrogen Energy Technology faces significant financial challenges with declining revenues, negative profitability, and cash flow difficulties. Despite a reasonably strong equity position, the company's operational inefficiencies and cash flow issues pose risks to its financial stability. Improvements in cost management and revenue generation are critical for future financial health.

Income Statement

The company has faced declining revenue growth over the past years, with a significant drop in revenue from the previous year. Gross profit margin is low at 9.06% in 2024, indicating high production costs relative to revenue. Net profit margin is negative due to substantial net losses, reflecting ongoing operational challenges. EBIT and EBITDA margins are also negative, signaling poor operating performance.

Balance Sheet

The balance sheet shows a stable equity position with an equity ratio of 63.72% in 2024, suggesting a strong capital base relative to total assets. However, the debt-to-equity ratio is moderate at 0.20, indicating manageable leverage. Return on equity is negative, reflecting ongoing profitability issues.

Cash Flow

The company has struggled with negative operating and free cash flows, indicating poor cash generation from operations. There is no free cash flow growth, and the operating cash flow to net income ratio is unfavorable as both metrics are negative, highlighting significant cash flow management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	368.31M	442.44M	700.62M	748.48M	457.14M	226.88M
Gross Profit	42.36M	40.03M	175.75M	151.46M	133.35M	61.95M
EBITDA	-285.38M	-339.85M	-347.27M	-245.76M	-634.94M	-164.76M
Net Income	-379.13M	-407.18M	-404.45M	-273.42M	-703.08M	-214.83M
Balance Sheet
Total Assets	4.34B	4.66B	4.86B	3.42B	2.39B	1.37B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.33B	1.61B	730.76M	711.82M	468.67M
Total Debt	599.51M	589.47M	370.46M	324.60M	578.43M	547.34M
Total Liabilities	1.54B	1.68B	1.47B	1.12B	869.01M	727.99M
Stockholders Equity	2.78B	2.97B	3.37B	2.30B	1.52B	638.88M
Cash Flow
Free Cash Flow	-273.57M	-528.07M	-405.95M	-515.46M	-957.08M	-196.53M
Operating Cash Flow	-256.46M	-476.02M	-247.18M	-261.27M	-704.53M	-124.62M
Investing Cash Flow	84.15M	-129.28M	-1.08B	-446.60M	-231.62M	-65.78M
Financing Cash Flow	-9.77M	307.64M	1.21B	713.89M	1.04B	536.02M

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9663, the sentiment is Negative. The current price of 4.91 is above the 20-day moving average (MA) of 4.90, above the 50-day MA of 4.87, and below the 200-day MA of 6.67, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 41.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9663.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1133	74 Outperform	HK$44.35B	18.55	15.06%	1.44%	34.78%	98.79%
1072	73 Outperform	$94.78B	23.72	7.71%	1.69%	20.99%	-5.99%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2338	63 Neutral	$232.38B	17.99	12.91%	3.98%	3.55%	8.89%
2727	58 Neutral	HK$134.55B	57.22	1.93%	―	7.59%	376.62%
2208	53 Neutral	$112.48B	30.48	6.78%	1.14%	25.84%	26.05%
9663	40 Neutral	HK$1.91B	-6.14	-12.63%	―	―	―