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China New Economy Fund Ltd.
(0080)
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Rating:45Neutral
Price Target:
HK$0.27
▼(-23.43% Downside)
Action:Reiterated
Date:08/21/26
The score is held down primarily by weak financial performance—multi-year losses and consistently negative cash flow with a major 2025 cash burn—despite the benefit of very low leverage. Technicals are only modestly supportive (near-term strength but longer-term weakness), and valuation is not compelling due to negative earnings and no dividend support.
Positive Factors
Very Low Leverage
Minimal debt reduces refinancing exposure, interest burden and balance-sheet stress. This gives the fund greater financial flexibility to manage its portfolio through market cycles, although it does not offset the company’s weak profitability or cash generation.
Negative Factors
Persistent Net Losses
Recurring losses indicate that the portfolio has not produced sustainable shareholder returns over multiple years. The 2025 loss remained substantial, limiting retained capital and reducing the company’s ability to compound value without favorable investment outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt reduces refinancing exposure, interest burden and balance-sheet stress. This gives the fund greater financial flexibility to manage its portfolio through market cycles, although it does not offset the company’s weak profitability or cash generation.
Read all positive factors
China New Economy Fund Ltd. (0080) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$691.21M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue Growth10.29%
EPS Growth-257.25%
CountryHK
Employees4
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.04
Shares Outstanding2,608,328,100
10 Day Avg. Volume662,000
30 Day Avg. Volume1,236,945
Financial Highlights & Ratios
PEG Ratio5.16
Price to Book (P/B)2.01
Price to Sales (P/S)-99.24
P/FCF Ratio-2.44
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
China New Economy Fund Ltd. Business Overview & Revenue Model
Company Description
CAI Corp is a closed-ended investment company. The investment objective of the Company is to achieve long-term capital appreciation through investing funds globally in a diversified portfolio of investment products, including listed and unlisted s...
How the Company Makes Money
The company’s earnings are primarily derived from its investment portfolio rather than operating revenue from selling products or services. Key sources typically include: (1) Net realized gains/losses from the sale of investments: profits (or loss...
China New Economy Fund Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
8
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -6.27M | -5.25M | -2.84M | -59.02M | -8.81M | -35.87M |
| Gross Profit | -8.51M | -6.77M | -6.03M | 126.34K | -9.79M | -36.77M |
| EBITDA | -86.28M | -30.85M | -27.58M | -50.79M | -52.43M | -4.57M |
| Net Income | -88.63M | -31.67M | -28.98M | -52.44M | -52.75M | -4.98M |
Balance Sheet | ||||||
| Total Assets | 273.32M | 262.80M | 65.12M | 95.24M | 149.41M | 115.83M |
| Cash, Cash Equivalents and Short-Term Investments | 253.36M | 231.84M | 55.97M | 83.65M | 144.27M | 111.63M |
| Total Debt | 1.20M | 1.67M | 197.90K | 1.46M | 536.98K | 924.56K |
| Total Liabilities | 3.73M | 3.47M | 4.26M | 5.41M | 7.13M | 2.09M |
| Stockholders Equity | 269.59M | 259.34M | 60.86M | 89.84M | 142.27M | 113.74M |
Cash Flow | ||||||
| Free Cash Flow | -30.07M | -213.44M | -2.88M | -9.90M | -9.22M | -13.32M |
| Operating Cash Flow | -23.50M | -211.94M | -2.88M | -9.90M | -9.22M | -13.32M |
| Investing Cash Flow | -1.50M | -1.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 229.36M | 229.59M | -1.42M | -619.47K | 80.90M | 44.44M |
China New Economy Fund Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$128.02M | -4.55 | -4.90% | ― | -126.01% | -237.50% | |
45 Neutral | HK$691.21M | -6.34 | -33.51% | ― | 10.29% | -257.25% | |
44 Neutral | HK$298.08M | -40.83 | -66.95% | ― | ― | -700.00% | |
43 Neutral | HK$523.08M | -1.12 | -63.18% | 0.09% | ― | ― | |
41 Neutral | HK$69.57M | -5.46 | -82.36% | 13.54% | ― | 79.32% | |
40 Underperform | HK$254.54M | -3.85 | -8.85% | 0.67% | -74.17% | 63.64% |
* Financial Sector Average
HK:0080
China New Economy Fund Ltd.
0.27
-0.13
-32.33%
HK:1217
China Innovation Investment Limited
0.01
>-0.01
-33.33%
HK:0310
Prosperity Investment Holdings Limited
0.11
0.01
12.00%
HK:0339
Core Economy Investment Group Limited
0.69
0.50
255.67%
HK:0612
China Investment Fund Company Limited
0.34
0.00
0.00%
HK:0721
China Financial International Investments Limited
0.13
-0.28
-68.54%
China New Economy Fund Ltd. Corporate Events
CAI Corp Interim Loss Widens Sharply on Fair Value Hit
Aug 18, 2026
CAI Corp reported unaudited interim results for the six months ended 30 June 2026 showing a sharp deterioration in performance, as fair value losses on financial assets overshadowed a modest rise in revenue. Revenue climbed to HK$158,486 from HK$1...
CAI Corp Updates Market on Unaudited Net Asset Value Per Share
Aug 14, 2026
CAI Corp has reported an unaudited net asset value per share of approximately HK$0.13 as at 31 July 2026, providing investors with an updated snapshot of the company’s asset base on a per-share basis. The announcement, made in Hong Kong on 1...
CAI Corp flags sharp interim loss on expanded Hong Kong equities portfolio
Aug 10, 2026
CAI Corp has warned shareholders that it expects to post a loss of about HK$61 million for the six months to 30 June 2026, sharply wider than the roughly HK$4.3 million loss a year earlier, after a major expansion of its listed securities portfoli...
CAI Corp Wins Independent Shareholder Backing for Share Subscription Mandate
Aug 6, 2026
CAI Corp shareholders approved a key subscription agreement and a related specific mandate at an extraordinary general meeting held on 6 August 2026, with all votes cast by independent shareholders in favor of issuing new subscription shares. The ...
CAI Corp calls August EGM to approve HK$0.33 share subscription by Longling Capital
Jul 16, 2026
CAI Corp has called an extraordinary general meeting in Hong Kong on 6 August 2026 for shareholders to vote on a proposed share subscription agreement with Longling Capital. The board is seeking approval for the issuance and allotment of 430 milli...
CAI Corp Reports Unaudited Net Asset Value of HK$0.12 Per Share
Jul 15, 2026
CAI Corp, a Cayman-incorporated investment company listed in Hong Kong under stock code 80, reported an unaudited net asset value per share of HK$0.12 as at 30 June 2026. The firm is overseen by a mixed board of executive, non-executive and indepe...
CAI Corp Sets August Board Meeting to Approve Interim Results
Jul 15, 2026
CAI Corp has announced that its board of directors will convene on 18 August 2026 to review and approve the company’s interim financial results for the six months ended 30 June 2026. The meeting will also address any additional business matt...
CAI Corp Delays Circular on New Share Subscription
Jul 6, 2026
CAI Corp, incorporated in the Cayman Islands and listed in Hong Kong under stock code 80, operates as an investment holding company with a board comprising executive, non-executive and independent non-executive directors. The company’s share...
CAI Corp Delays Share Subscription Circular for Connected Transaction
Jun 22, 2026
CAI Corp has announced a delay in sending a shareholder circular related to a connected transaction involving the subscription of new shares under a specific mandate, originally expected to be dispatched by 22 June 2026. The company now plans to i...
CAI Corp Reports Unaudited Net Asset Value of HK$0.14 Per Share
Jun 15, 2026
CAI Corp has reported an unaudited net asset value of approximately HK$0.14 per share as at 31 May 2026, reflecting the combined position of the company and its subsidiary. The disclosure offers investors an updated snapshot of the firm’s ba...
China New Economy Fund Plans HK$141.9 Million Share Subscription With Controlling Shareholder
May 29, 2026
China New Economy Fund Ltd. has entered into a conditional subscription agreement with its controlling shareholder Longling Capital, under which it will issue 430 million new shares at HK$0.33 each, raising gross proceeds of HK$141.9 million. The ...
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.