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China Agri-Products Exchange Limited
(0149)
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Rating:50Neutral
Price Target:
HK$0.07
▼(-17.50% Downside)
Action:Reiterated
Date:09/22/26
The score is held back primarily by weak financial performance (shrinking revenue and very low net profitability/ROE despite healthy operating margins) and an expensive-looking valuation (very high P/E). These negatives are partially offset by consistently positive and improving free cash flow and a largely neutral technical picture with only mild positive momentum.
Positive Factors
Improving Cash Generation
Positive operating cash flow across all reported years, together with a sharp 2026 improvement in free cash flow, indicates useful internal funding capacity. This can support maintenance, investment, and balance-sheet resilience without relying entirely on external financing.
Negative Factors
Material Revenue Contraction
A two-year decline in revenue signals weakening top-line momentum in the company’s agricultural wholesale-market activities. Sustained contraction could reduce operating leverage, limit reinvestment capacity, and make it harder for strong platform margins to translate into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Positive operating cash flow across all reported years, together with a sharp 2026 improvement in free cash flow, indicates useful internal funding capacity. This can support maintenance, investment, and balance-sheet resilience without relying entirely on external financing.
Read all positive factors
China Agri-Products Exchange Limited (0149) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$617.09M
Dividend YieldN/A
Average Volume (3M)2.60M
Price to Earnings (P/E)80.0
Beta (1Y)0.17
Revenue Growth-28.53%
EPS GrowthN/A
CountryHK
Employees711
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)<0.01
Shares Outstanding9,953,068,000
10 Day Avg. Volume2,204,691
30 Day Avg. Volume2,601,298
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.38
Price to Sales (P/S)1.71
P/FCF Ratio4.72
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 Agri-Products Exchange Limited Business Overview & Revenue Model
Company Description
China Agri-Products Exchange Limited operates as an investment holding company, with a core business centered on the establishment, development, operation, and management of wholesale markets for agricultural goods throughout the People's Republic...
China Agri-Products Exchange Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
64
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 383.69M | 530.76M | 698.39M | 596.40M | 868.68M |
| Gross Profit | 253.14M | 531.14M | 579.13M | 330.76M | 456.19M |
| EBITDA | 159.62M | 149.92M | 284.57M | 164.84M | 254.76M |
| Net Income | 7.69M | 7.83M | 7.35M | 18.50M | 37.04M |
Balance Sheet | |||||
| Total Assets | 4.48B | 4.23B | 4.64B | 4.92B | 5.49B |
| Cash, Cash Equivalents and Short-Term Investments | 446.93M | 181.73M | 283.52M | 341.31M | 440.44M |
| Total Debt | 1.42B | 1.15B | 1.35B | 1.43B | 1.51B |
| Total Liabilities | 2.47B | 2.21B | 2.57B | 2.79B | 3.14B |
| Stockholders Equity | 1.75B | 1.63B | 1.68B | 1.74B | 1.94B |
Cash Flow | |||||
| Free Cash Flow | 139.09M | 64.76M | 139.55M | 45.56M | 140.92M |
| Operating Cash Flow | 149.77M | 83.35M | 161.47M | 63.53M | 160.22M |
| Investing Cash Flow | -97.07M | 100.97M | -30.90M | -10.52M | -105.66M |
| Financing Cash Flow | 182.47M | -264.00M | -194.01M | -145.64M | -43.83M |
China Agri-Products Exchange Limited Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
48.32
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0149, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.32 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0149.
China Agri-Products Exchange Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.67B | 5.74 | 4.00% | 5.31% | 13.79% | 49.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
52 Neutral | HK$306.57M | -3.06 | -19.80% | ― | 36.31% | -43.40% | |
51 Neutral | HK$56.69M | 1.68 | -93.63% | ― | -1.98% | ― | |
50 Neutral | HK$617.09M | 80.00 | 0.45% | ― | -28.53% | ― |
* Real Estate Sector Average
HK:0149
China Agri-Products Exchange Limited
0.06
-0.02
-24.71%
HK:0050
Hong Kong Ferry Holdings Co. Ltd.
4.71
0.09
1.90%
HK:1965
Landsea Green Life Service Company Limited
0.14
>-0.01
-1.43%
HK:2349
China City Infrastructure Group Limited
0.10
0.03
47.14%
China Agri-Products Exchange Limited Corporate Events
China Agri-Products Exchange Wins Strong Shareholder Backing at AGM
Aug 19, 2026
China Agri-Products Exchange Limited reported that shareholders at its 19 August 2026 annual general meeting approved all resolutions by poll, covering the adoption of the audited financial statements for the year ended 31 March 2026 and the re-el...
China Agri-Products Exchange, Wang On Group Seal RMB64 Million Sale-Leaseback with Haier
Jul 24, 2026
China Agri-Products Exchange Limited and its parent Wang On Group Limited have entered into a sale and leaseback arrangement through their subsidiaries Qinzhou Hongjin and Kaifeng Hongjin with Haier as lessor, involving assets sold for RMB64 milli...
China Agri-Products Exchange Sets 2026 AGM and Seeks Fresh Share Issuance Mandate
Jul 24, 2026
China Agri-Products Exchange Limited has called its annual general meeting for 19 August 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements, as well as the directors’ and independent aud...
China Agri-Products Exchange Updates Bermuda Registered Office Address
Jul 21, 2026
China Agri-Products Exchange Limited, a Hong Kong-listed company in the agricultural products trading and exchange services industry, manages its corporate affairs through a Bermuda registered office and a Hong Kong branch share registrar. Its boa...
China Agri-Products Exchange issues HK$22m July 2038 notes under MTN programme
Jul 3, 2026
China Agri-Products Exchange Limited has issued a new tranche of unsecured fixed-rate notes under its HK$1 billion medium-term note programme, continuing to tap the debt market for long-term funding. The first tranche of series number 6 notes, dub...
China Agri-Products Exchange Profit Halves as Revenue Slides, Property Gains Bolster Liquidity
Jun 25, 2026
China Agri-Products Exchange Limited reported a sharp deterioration in financial performance for the year ended 31 March 2026, with revenue falling 28.9% to HK$377.4 million and gross profit down 10.3% to HK$265.7 million. Net profit halved to HK$...
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.