Chi Kan Holdings Limited (9913) AI Stock Analysis

• Market Cap: HK$2.51B
• Dividend Yield: N/A
• Average Volume (3M): 94.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: -44.51%
• EPS Growth: -260.89%
• Country: HK
• Employees: 749
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 118,400
• 30 Day Avg. Volume: 94,800
• PEG Ratio: 2.54
• Price to Book (P/B): 5.42
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 104.12
• 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$2.50 ▲(4.60% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

Chi Kan Holdings Limited's overall stock score is primarily impacted by its financial performance, which shows declining revenue and profitability, despite a strong balance sheet and improved cash flow. Technical analysis indicates a neutral trend with no strong momentum signals. The valuation is poor due to a negative P/E ratio and lack of dividend yield, further weighing down the score.

Positive Factors

Strong Balance Sheet

A strong balance sheet with minimal leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of heavy debt.

Improved Cash Flow

Improved cash flow indicates efficient cash management and conversion, which can support ongoing operations and strategic investments, enhancing long-term growth potential.

Cost Management

Effective cost management leading to improved gross margins suggests operational efficiency, which can help sustain profitability even in challenging market conditions.

Negative Factors

Declining Revenue

Declining revenue growth indicates potential challenges in market demand or competitive positioning, which could impact the company's ability to sustain long-term growth.

Negative Profit Margins

Negative profit margins suggest that the company is not currently profitable, which may limit its ability to reinvest in the business and could affect long-term financial health.

Reduced Operational Efficiency

Decreased operational efficiency, as indicated by lower EBIT and EBITDA margins, may hinder the company's ability to generate profits and compete effectively in the market.

Chi Kan Holdings Limited Business Overview & Revenue Model

Company Description

Chi Kan Holdings Limited, an investment holding company, provides formwork and other construction services in the People's Republic of China and Hong Kong. It provides formwork services, including timber and plywood conventional formwork, and aluminum and steel prefabricated framework; and other construction services. The company also engages in the e-commerce business. Chi Kan Holdings Limited was formerly known as Chi Kan Woodworks Company Limited. The company was founded in 1989 and is based in Cheung Sha Wan, Hong Kong. Chi Kan Holdings Limited operates as a subsidiary of Magnificent Faith Limited.

How the Company Makes Money

Chi Kan Holdings generates revenue through multiple streams, primarily by offering technology solutions and software development services to businesses, which includes custom software development, system integration, and IT consulting. The company may also earn income through the sale of electronic components and related products, capitalizing on demand from various sectors that require high-tech components for their operations. Additionally, Chi Kan Holdings potentially benefits from partnerships with technology firms, which can provide access to new markets and enhance service offerings, thereby contributing to its overall revenue growth.

Chi Kan Holdings Limited Financial Statement Overview

Summary

Chi Kan Holdings Limited faces challenges with declining revenue and profitability, as evidenced by negative net profit margins and revenue growth. However, the company benefits from a strong balance sheet with minimal leverage and improved cash flow generation. Continued focus on cost management and revenue growth will be crucial for future financial stability.

Income Statement

Chi Kan Holdings Limited has experienced a decline in revenue, with a negative revenue growth rate of -14.62% in the most recent year. The gross profit margin improved to 25.74%, indicating better cost management. However, the net profit margin turned negative at -0.54%, reflecting a net loss. The EBIT and EBITDA margins also decreased, showing reduced operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a very low debt-to-equity ratio of 0.0019, indicating minimal leverage. However, the return on equity is negative at -1.67%, reflecting the net loss. The equity ratio is stable, suggesting a solid capital structure.

Cash Flow

Chi Kan Holdings Limited showed significant improvement in free cash flow, with a growth rate of 1593.70%. The operating cash flow to net income ratio is 0.41, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is high at 0.98, suggesting efficient cash conversion despite the net loss.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2021
Income Statement
Total Revenue	919.31M	1.41B	1.54B	1.62B	1.57B	826.20M
Gross Profit	223.78M	364.17M	246.10M	221.17M	322.44M	60.70M
EBITDA	200.06M	43.57M	61.70M	77.28M	81.13M	50.80M
Net Income	-39.95M	-7.68M	28.11M	53.50M	38.75M	42.77M
Balance Sheet
Total Assets	511.01M	534.17M	622.24M	711.54M	575.45M	471.24M
Cash, Cash Equivalents and Short-Term Investments	237.32M	233.59M	243.80M	318.83M	217.90M	196.80M
Total Debt	1.02M	868.00K	32.27M	29.47M	16.78M	10.68M
Total Liabilities	47.36M	60.51M	142.74M	256.31M	171.90M	112.23M
Stockholders Equity	433.83M	459.65M	470.29M	445.55M	396.04M	355.98M
Cash Flow
Free Cash Flow	-15.66M	23.91M	-60.96M	110.57M	33.16M	44.41M
Operating Cash Flow	-13.41M	24.52M	-60.93M	112.49M	33.43M	44.43M
Investing Cash Flow	10.95M	35.64M	-10.04M	-8.45M	-1.53M	-17.08M
Financing Cash Flow	-41.95M	-56.72M	-14.21M	3.73M	-12.70M	134.64M

Chi Kan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.39
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9913, the sentiment is Positive. The current price of 2.39 is below the 20-day moving average (MA) of 2.44, below the 50-day MA of 2.40, and below the 200-day MA of 2.48, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.84 is Neutral, neither overbought nor oversold. The STOCH value of 57.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9913.

Chi Kan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	78 Outperform	HK$2.62B	6.26	40.30%	6.91%	-3.41%	-9.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1727	60 Neutral	HK$686.94M	4.30	2.36%	―	-25.78%	-18.64%
9913	48 Neutral	HK$2.51B	-62.91	-8.63%	―	-44.51%	-260.89%
1707	47 Neutral	HK$92.40M	-5.98	-9.58%	―	3.97%	14.02%
0711	45 Neutral	HK$792.24M	15.52	2.28%	1.93%	0.97%	―

Chi Kan Holdings Limited Corporate Events

Chi Kan Holdings Reports Significant Revenue Decline in Interim Results

Chi Kan Holdings Limited reported its interim results for the six months ending September 30, 2025, showing a significant decrease in revenue from HK$867,001,000 in 2024 to HK$371,760,000 in 2025. Despite an increase in gross profit, the company experienced a loss attributable to its owners, contrasting with a profit in the previous year, indicating financial challenges that may impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:9913) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Chi Kan Holdings Limited stock, see the HK:9913 Stock Forecast page.

Chi Kan Holdings Issues Profit Warning Amid Construction Market Challenges

Chi Kan Holdings Limited has issued a profit warning, anticipating a significant drop in net profit to HK$5.7 million for the six months ended September 2025, compared to HK$31.4 million in the previous year. This decline is attributed to a downturn in the Hong Kong construction market, with fewer projects and increased labor costs impacting profit margins, despite growth in the company’s e-commerce sector.

The most recent analyst rating on (HK:9913) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Chi Kan Holdings Limited stock, see the HK:9913 Stock Forecast page.

Chi Kan Holdings to Review Interim Results and Dividend Proposal

Chi Kan Holdings Limited has announced that its Board of Directors will meet on November 28, 2025, to review and approve the company’s unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the recommendation of an interim dividend payment, which could have implications for the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:9913) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Chi Kan Holdings Limited stock, see the HK:9913 Stock Forecast page.