Huijing Holdings Company Limited (HK:9968)
:9968
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Huijing Holdings Company Limited
(9968)
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Rating:45Neutral
Price Target:
HK$0.03
▲(50.00% Upside)
Action:Reiterated
Date:05/13/26
The score is primarily held down by very weak financial performance (persistent large losses, negative equity, and negative recent cash flows), which outweighs the moderately constructive technical setup (price above key moving averages with positive MACD). Valuation provides limited support because losses make P/E not meaningful and no dividend yield is available.
Positive Factors
Positive gross profit
Sustained positive gross profit indicates project-level economics cover direct construction and material costs. That underlying margin provides a structural cushion that can support recovery initiatives, enable selective project completions, and preserve value while management addresses overhead and financing pressures.
Negative Factors
Negative equity & high debt
Negative equity combined with multi-billion debt is a fundamental solvency concern. It limits access to traditional financing, raises refinancing and covenant risk, and forces reliance on asset sales or restructuring. This structural leverage materially raises the odds of distressed outcomes absent capital solutions.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive gross profit
Sustained positive gross profit indicates project-level economics cover direct construction and material costs. That underlying margin provides a structural cushion that can support recovery initiatives, enable selective project completions, and preserve value while management addresses overhead and financing pressures.
Read all positive factors
Huijing Holdings Company Limited (9968) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$168.13M
Dividend YieldN/A
Average Volume (3M)3.46M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth24.74%
EPS Growth-115.94%
CountryHK
Employees169
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.33
Shares Outstanding5,254,000,000
10 Day Avg. Volume2,931,800
30 Day Avg. Volume3,455,866
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.04
Price to Sales (P/S)0.33
P/FCF Ratio-5.89
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
Huijing Holdings Company Limited Business Overview & Revenue Model
Company Description
Huijing Holdings Company Limited, an investment holding company, engages in the property development and investment activities primarily in Mainland China. The company focuses on urban renewal projects covering residential, integrated, and industr...
How the Company Makes Money
null...
Huijing Holdings Company Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 300.29M | 240.91M | 941.22M | 85.89M | 5.31B |
| Gross Profit | -338.58M | 62.64M | 258.42M | 6.94M | 1.67B |
| EBITDA | -992.77M | -292.75M | -471.78M | -2.33B | 1.04B |
| Net Income | -1.71B | -799.48M | -696.72M | -2.45B | 256.14M |
Balance Sheet | |||||
| Total Assets | 7.64B | 10.15B | 10.42B | 12.21B | 15.18B |
| Cash, Cash Equivalents and Short-Term Investments | 27.44M | 37.19M | 170.47M | 177.67M | 1.72B |
| Total Debt | 5.00B | 5.19B | 4.95B | 4.67B | 4.51B |
| Total Liabilities | 9.69B | 10.48B | 9.89B | 10.89B | 10.93B |
| Stockholders Equity | -2.52B | -847.91M | 12.18M | 732.69M | 3.32B |
Cash Flow | |||||
| Free Cash Flow | -16.63M | -170.41M | 11.88M | -2.35B | -1.40B |
| Operating Cash Flow | -16.63M | -170.06M | 12.73M | -2.35B | -1.39B |
| Investing Cash Flow | 152.94K | 84.94M | -27.60M | 1.17B | -550.54M |
| Financing Cash Flow | -305.87K | 108.22M | 9.62M | -319.02M | 1.58B |
Huijing Holdings Company Limited Technical Analysis
Positive
0.02
Price Trends
0.03
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Positive
58.44
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9968, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.44 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9968.
Huijing Holdings Company Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
47 Neutral | HK$170.23M | -1.36 | -41.84% | ― | 125.56% | 72.85% | |
45 Neutral | HK$168.13M | -0.02 | 94.32% | ― | 24.74% | -115.94% | |
45 Neutral | HK$162.64M | -0.21 | -220.64% | ― | -27.84% | 60.81% | |
43 Neutral | HK$185.18M | -0.02 | 55.65% | ― | -75.81% | 16.54% | |
41 Neutral | HK$195.84M | -0.06 | -34.31% | ― | -69.02% | -41.71% | |
40 Underperform | HK$143.07M | -1.13 | ― | ― | -73.46% | 95.45% |
* Real Estate Sector Average
HK:9968
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Huijing Holdings Company Limited Corporate Events
Huijing Holdings Calls 2026 AGM, Seeks Share Buyback and Issuance Mandates
Apr 29, 2026
Huijing Holdings Company Limited has convened its annual general meeting for 5 June 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditor’s reports for the ...
Huijing Holdings Seeks Shareholder Nod to Modernise Articles for E-Meetings and E-Voting
Apr 17, 2026
Huijing Holdings Company Limited plans to update its corporate governance framework by replacing its third amended and restated articles of association with a fourth amended and restated version. The revisions are designed to align the companyR...
Huijing Holdings Swings to Deeper RMB1.7 Billion Loss Despite Revenue Growth
Mar 27, 2026
Huijing Holdings reported a sharp deterioration in its 2025 results despite higher revenue, underscoring the strain on smaller Chinese developers. Contracted sales, including joint ventures, slumped 58.7% to RMB42.2 million, while revenue rose 24....
Huijing Holdings Advances Restructuring Efforts to Resolve Audit Disclaimer
Mar 27, 2026
Huijing Holdings has updated investors on its efforts to resolve a disclaimer of opinion on its financial statements by highlighting progress in project delivery and operational restructuring. The company has completed delivery of pre-sold units a...
Huijing Holdings Expects 2025 Net Loss to More Than Double on Impairments and Investment Losses
Mar 20, 2026
Huijing Holdings has warned that its net loss for the year ended 31 December 2025 is expected to widen sharply to about RMB1.70 billion, compared with a loss of roughly RMB801.3 million a year earlier. The company attributed the deterioration main...
Huijing Holdings Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 17, 2026
Huijing Holdings Company Limited has announced that its board of directors will convene on 27 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. At the same meeting, the board will also...
Huijing Holdings Reshuffles Authorized Representative While Maintaining Board Stability
Feb 13, 2026
Huijing Holdings Company Limited has announced a change to its authorized representative under Hong Kong listing rules, signaling an internal reallocation of regulatory liaison responsibilities while maintaining continuity at the board level. Chai...
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.