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Zensun Enterprises Limited
(0185)
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Rating:41Neutral
Price Target:
HK$0.06
▼(-43.00% Downside)
Action:Reiterated
Date:10/07/26
The score is primarily held down by weak financial performance—shrinking revenue, persistent losses, and significant balance-sheet leverage with a very thin equity buffer—despite some positive free cash flow. Technicals add further pressure with a clear downtrend and negative MACD, while valuation is constrained by a negative P/E that reflects loss-making operations.
Positive Factors
Positive Free Cash Flow
Positive operating and free cash flow provide some support despite reported losses, indicating the business has recently generated internal liquidity. This can help fund ongoing operations and reduce reliance on external financing, although the available cash generation remains modest relative to the company’s debt burden.
Negative Factors
Sharp Revenue Contraction
A second consecutive revenue decline, including a roughly 44% fall in 2025, signals substantial deterioration in business scale and demand generation. Prolonged top-line contraction reduces operating leverage, makes fixed costs harder to absorb, and weakens the foundation for a durable return to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Free Cash Flow
Positive operating and free cash flow provide some support despite reported losses, indicating the business has recently generated internal liquidity. This can help fund ongoing operations and reduce reliance on external financing, although the available cash generation remains modest relative to the company’s debt burden.
Read all positive factors
Zensun Enterprises Limited (0185) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$114.80M
Dividend Yield1.56%
Average Volume (3M)8.21K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth-61.61%
EPS Growth37.75%
CountryHK
Employees283
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.42
Shares Outstanding1,913,386,700
10 Day Avg. Volume2,120
30 Day Avg. Volume8,215
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)4.05
Price to Sales (P/S)0.03
P/FCF Ratio0.27
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
Zensun Enterprises Limited Business Overview & Revenue Model
Company Description
Zensun Enterprises Limited operates as an investment holding company, engaging in a range of activities including real estate development, property investment and management, and trading and investing in securities. The company segments its operat...
Zensun Enterprises Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
39
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.85B | 6.92B | 9.54B | 20.03B | 9.66B | 13.42B |
| Gross Profit | 145.55M | -62.69M | -1.03B | -500.52M | 827.04M | 1.10B |
| EBITDA | -88.00M | -218.68M | -1.21B | -764.60M | -2.61B | 611.13M |
| Net Income | -802.99M | -856.04M | -2.18B | -2.30B | -2.95B | 399.47M |
Balance Sheet | ||||||
| Total Assets | 32.93B | 33.01B | 39.50B | 46.40B | 61.54B | 68.24B |
| Cash, Cash Equivalents and Short-Term Investments | 952.90M | 847.04M | 530.93M | 825.27M | 735.92M | 2.26B |
| Total Debt | 5.04B | 5.31B | 14.57B | 15.18B | 15.44B | 20.00B |
| Total Liabilities | 32.90B | 32.91B | 38.54B | 43.28B | 56.22B | 60.04B |
| Stockholders Equity | -20.60M | 44.10M | 897.81M | 3.07B | 5.32B | 8.20B |
Cash Flow | ||||||
| Free Cash Flow | 1.53B | 672.32M | 630.75M | 2.05B | 5.32B | 5.48B |
| Operating Cash Flow | 1.53B | 672.61M | 630.76M | 2.05B | 5.33B | 5.48B |
| Investing Cash Flow | -223.94K | -295.16K | 24.78M | 7.93M | 2.68M | 32.15M |
| Financing Cash Flow | -1.87B | -979.15M | -866.59M | -2.02B | -6.68B | -6.89B |
Zensun Enterprises Limited Technical Analysis
Negative
0.10
Price Trends
0.07
Negative
0.07
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
36.41
Neutral
13.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0185, the sentiment is Negative. The current price of 0.1 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 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.41 is Neutral, neither overbought nor oversold. The STOCH value of 13.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0185.
Zensun Enterprises 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% | |
56 Neutral | HK$168.25M | 0.03 | -50.76% | 4.04% | -73.22% | ― | |
43 Neutral | HK$153.15M | <0.01 | 233.62% | 2.06% | 25.99% | ― | |
43 Neutral | HK$141.41M | -0.01 | 43.10% | 10.37% | -66.81% | 17.12% | |
41 Neutral | HK$114.80M | -0.12 | -6838.80% | 1.56% | -61.61% | 37.75% | |
41 Neutral | HK$117.93M | >-0.01 | 60.28% | 3.34% | -56.20% | -81.98% | |
40 Underperform | HK$143.16M | -0.02 | 592.20% | 41.82% | -55.40% | -340.10% |
* Real Estate Sector Average
HK:0185
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Zensun Enterprises Limited Corporate Events
Zensun Enterprises Narrows Interim Loss but Revenue Collapses 86%
Aug 31, 2026
Zensun Enterprises Limited reported interim revenue of about RMB357.4 million for the six months ended 30 June 2026, an 86.4% decline from a year earlier, reflecting a sharp contraction in its property-related operations. Despite this steep drop i...
Zensun Enterprises Announces Name Change of External Auditor
Aug 31, 2026
Zensun Enterprises Limited has announced that its external auditor has changed its English name from Prism Hong Kong Limited to CLA Prism Hong Kong Limited, with a corresponding change in its Chinese name, effective 21 August 2026. The move repres...
Zensun Enterprises Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Zensun Enterprises Limited, a Hong Kong-listed company under stock code 185, operates with a conventional governance framework that includes executive, non-executive and independent non-executive directors. The board is led by Chairman and Chief E...
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.