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China New Economy Fund Ltd.
(0080)
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Rating:45Neutral
Price Target:
HK$0.25
▼(-27.43% Downside)
Action:Reiterated
Date:10/30/26
The score is held down primarily by weak financial performance: persistent net losses and consistently negative cash flow, including a sharp deterioration in operating cash flow in 2025. Technicals provide only modest support (neutral momentum and price above short-term averages but below the 200-day trend). Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Very low leverage
Minimal leverage reduces refinancing pressure, interest-related strain, and balance-sheet stress during periods of weak investment performance. This gives the fund greater financial flexibility than a highly indebted structure, although it does not offset the company’s persistent profitability and cash-generation problems.
Negative Factors
Persistent and widening losses
Recurring annual losses indicate that the current investment and income model has not consistently produced positive shareholder returns. The wider 2025 loss suggests profitability is not merely temporarily weak, leaving fewer internally generated resources for portfolio growth and increasing dependence on asset outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage reduces refinancing pressure, interest-related strain, and balance-sheet stress during periods of weak investment performance. This gives the fund greater financial flexibility than a highly indebted structure, although it does not offset the company’s persistent profitability and cash-generation problems.
Read all positive factors
China New Economy Fund Ltd. (0080) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$678.17M
Dividend YieldN/A
Average Volume (3M)852.94K
Price to Earnings (P/E)―
Beta (1Y)2.12
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. Volume1,186,202
30 Day Avg. Volume852,942
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 | -57.42M | -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. Technical Analysis
Positive
0.35
Price Trends
0.25
Positive
0.26
Positive
0.31
Negative
Market Momentum
>-0.01
Negative
56.39
Neutral
95.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0080, the sentiment is Positive. The current price of 0.35 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.25, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 95.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0080.
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% | |
59 Neutral | HK$128.02M | -4.55 | -4.90% | ― | -126.01% | -237.50% | |
47 Neutral | HK$84.47M | -6.60 | -82.36% | 13.54% | ― | 79.32% | |
45 Neutral | HK$678.17M | -6.10 | -33.51% | ― | 10.29% | -257.25% | |
43 Neutral | HK$291.60M | -39.94 | -66.95% | ― | ― | -700.00% | |
43 Neutral | HK$523.08M | -1.12 | -63.18% | 0.09% | ― | ― | |
40 Underperform | HK$206.27M | -8.39 | -5.98% | 0.67% | 418.94% | -10.00% |
* Financial Sector Average
HK:0080
China New Economy Fund Ltd.
0.26
-0.16
-38.10%
HK:1217
China Innovation Investment Limited
0.01
>-0.01
-28.57%
HK:0310
Prosperity Investment Holdings Limited
0.14
-0.09
-40.35%
HK:0339
Core Economy Investment Group Limited
0.68
0.51
299.41%
HK:0612
China Investment Fund Company Limited
0.34
0.00
0.00%
HK:0721
China Financial International Investments Limited
0.09
-0.21
-68.56%
China New Economy Fund Ltd. Corporate Events
CAI Corp Shareholders Approve New Auditor and Governance Overhaul
Oct 30, 2026
Shareholders of CAI Corp have approved the appointment of Baker Tilly Hong Kong Limited as the company’s new auditor, effective from mid-September 2026 and running until the next annual general meeting. The resolution passed unanimously on a...
CAI Corp Updates Investors on HK$0.15 Net Asset Value Per Share
Oct 15, 2026
CAI Corp has reported an unaudited net asset value per share of approximately HK$0.15 as at 30 September 2026, providing investors with an updated snapshot of the company’s balance-sheet strength. The disclosure, approved by chairman Cai Wen...
CAI Corp Calls EGM to Approve New Auditor and Overhaul Governance Documents
Oct 12, 2026
CAI Corp has called an extraordinary general meeting for 30 October 2026 in Hong Kong, asking shareholders to approve the appointment of Baker Tilly Hong Kong Limited as the company’s auditor until the next annual general meeting. Shareholde...
CAI Corp Plans New Memorandum and Articles to Meet Hong Kong Rule Changes
Oct 12, 2026
CAI Corp, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, is overseen by a mixed board of executive, non-executive and independent non-executive directors and operates under Hong Kong’s Listing Rules framework.T...
CAI Corp Switches Auditor as Business Expansion Drives Greater Audit Demands
Sep 17, 2026
CAI Corp has announced a change in its external auditor, reflecting the anticipated growth and expansion of the group’s business, which is increasing the scope and resource demands of its financial audits. The company operates under Hong Kon...
CAI Corp reports unaudited net asset value of HK$0.16 per share
Sep 15, 2026
CAI Corp has reported that its unaudited net asset value per share stood at approximately HK$0.16 as at 31 August 2026. The disclosure provides investors with an updated snapshot of the company’s asset backing per share, which may influence ...
CAI Corp Raises HK$141.9 Million in AI-Focused Share Subscription by Major Shareholder
Aug 28, 2026
CAI Corp has completed a connected transaction involving the subscription of 430 million new shares by its major shareholder Longling Capital at HK$0.33 per share, raising gross proceeds of about HK$141.9 million. Following the issuance, Longling ...
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 ...
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.