Chenqi Technology Ltd. (HK:9680)
:9680
Want to see HK:9680 full AI Analyst Report?
Top Page
Chenqi Technology Ltd.
(9680)
Select Model
Select Model
Rating:44Neutral
Price Target:
HK$7.50
▼(-20.97% Downside)
Action:Upgraded
Date:05/02/26
The score is primarily constrained by weak financial quality despite improving operations—continued losses and negative free cash flow are the biggest overhang. Technicals also remain bearish with the price below key moving averages and a negative MACD. Valuation is not supportive due to a negative P/E and no dividend yield data.
Positive Factors
Revenue Growth & Margin Turnaround
A 66% revenue jump with gross margin moving to ~12% signals improving product-market fit and better unit economics. These trends indicate durable demand recovery and operating leverage that can support further margin expansion if sustained across the next several quarters.
Negative Factors
Persistent Cash Burn
Consistent negative operating and free cash flow (about -216M and -241M in 2025) creates ongoing funding needs and heightens liquidity risk. Reliance on external financing or equity raises could dilute shareholders and constrain long-term investment if cash generation doesn't turn positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Margin Turnaround
A 66% revenue jump with gross margin moving to ~12% signals improving product-market fit and better unit economics. These trends indicate durable demand recovery and operating leverage that can support further margin expansion if sustained across the next several quarters.
Read all positive factors
Chenqi Technology Ltd. (9680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.59B
Dividend YieldN/A
Average Volume (3M)104.95K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth115.37%
EPS Growth69.70%
CountryHK
Employees465
SectorTechnology
Sector Strength88
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-1.49
Shares Outstanding204,113,850
10 Day Avg. Volume40,220
30 Day Avg. Volume104,950
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.02
Price to Sales (P/S)0.31
P/FCF Ratio-6.77
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
Chenqi Technology Ltd. Business Overview & Revenue Model
Company Description
Chenqi Technology Limited operates as a mobility technology and service company in China. It operates through three segments: Mobility Services Business, Technology Services Business, and Fleet Management and Services Business. The Mobility Servic...
Chenqi Technology Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.29B | 2.46B | 2.16B | 1.37B | 1.01B |
| Gross Profit | 627.99M | -35.40M | -150.44M | -145.91M | -245.12M |
| EBITDA | -285.47M | -464.78M | -654.98M | -601.38M | -668.91M |
| Net Income | -293.04M | -564.18M | -692.79M | -626.78M | -684.63M |
Balance Sheet | |||||
| Total Assets | 1.14B | 1.38B | 923.04M | 767.54M | 188.48M |
| Cash, Cash Equivalents and Short-Term Investments | 770.25M | 1.02B | 619.75M | 557.84M | 90.31M |
| Total Debt | 19.54M | 38.88M | 68.96M | 57.78M | 35.67M |
| Total Liabilities | 334.97M | 272.34M | 2.35B | 1.52B | 340.22M |
| Stockholders Equity | 806.76M | 1.11B | -1.43B | -749.64M | -151.74M |
Cash Flow | |||||
| Free Cash Flow | -240.56M | -537.18M | -624.81M | -715.69M | -463.99M |
| Operating Cash Flow | -215.84M | -529.88M | -583.13M | -665.82M | -442.98M |
| Investing Cash Flow | -448.75M | 13.14M | -27.19M | -37.61M | -10.16M |
| Financing Cash Flow | -15.47M | 906.96M | 673.01M | 1.16B | 4.53M |
Chenqi Technology Ltd. Technical Analysis
Negative
9.49
Price Trends
8.47
Negative
8.70
Negative
9.79
Negative
Market Momentum
-0.12
Positive
41.41
Neutral
2.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9680, the sentiment is Negative. The current price of 9.49 is above the 20-day moving average (MA) of 8.22, above the 50-day MA of 8.47, and below the 200-day MA of 9.79, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 2.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9680.
Chenqi Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$146.02M | 7.09 | 5.39% | 6.20% | -13.83% | 14.96% | |
67 Neutral | HK$159.77M | 6.03 | 8.53% | ― | -12.78% | -20.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$28.58M | 2.61 | -23.94% | ― | 23.95% | -12.01% | |
48 Neutral | HK$2.81B | 6.87 | 1.34% | 8.56% | -19.12% | -83.30% | |
45 Neutral | HK$277.38M | -15.32 | -15.06% | ― | -42.20% | 66.04% | |
44 Neutral | HK$1.59B | -2.42 | -32.63% | ― | 115.37% | 69.70% |
* Technology Sector Average
HK:9680
Chenqi Technology Ltd.
7.80
-2.46
-23.98%
HK:1341
Hao Tian International Construction Investment Group Limited
0.03
-0.40
-94.19%
HK:1496
AP Rentals Holdings Ltd.
0.17
0.03
23.36%
HK:1581
Progressive Path Group Holdings Ltd.
0.39
0.27
237.72%
HK:8425
Hing Ming Holdings Ltd
0.08
0.02
35.71%
HK:9930
Horizon Construction Development Limited
0.88
-0.33
-27.27%
Chenqi Technology Ltd. Corporate Events
Chenqi Technology Sets 2026 AGM, Seeks Renewal of 20% Share Issuance Mandate
Apr 27, 2026
Chenqi Technology Limited has called a virtual annual general meeting for June 26, 2026, where shareholders will review and adopt the audited financial statements for the year ended December 31, 2025, and consider board and auditor matters. The ag...
Chenqi Technology Doubles Mobility Volume as 2025 Losses Narrow on Surging Revenue
Mar 31, 2026
Chenqi Technology reported a sharp acceleration in business scale for 2025, with revenue surging 114.6% year on year to RMB5.29 billion and gross profit jumping almost fivefold to RMB628 million, driven by rapid growth in its mobility services. De...
Chenqi Technology Sets March 31 Board Meeting to Approve 2025 Results
Mar 13, 2026
Chenqi Technology Limited has scheduled a board meeting for March 31, 2026 to review and approve the annual results for the year ended December 31, 2025, covering the performance of the company, its subsidiaries and consolidated affiliated entitie...
Chenqi Technology Forecasts Revenue Surge and Sharply Lower Loss for 2025
Mar 3, 2026
Chenqi Technology Limited has issued a positive profit alert, indicating that revenue for 2025 is expected to reach at least RMB5 billion, more than doubling from 2024, driven by a sharp increase in ride-hailing orders and intensified sales of tec...
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.