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Fortune Sun China Holdings Ltd. (0352) AI Stock Analysis

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HK:0352

Fortune Sun China Holdings Ltd.

(HKEX:0352)

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Rating:47Neutral
Price Target:HKD 0.36â–¼(-1.39% Downside)
Action:reiterated
Date:10/01/26

The score is held back primarily by weak financial quality signals—persistently negative operating/free cash flow and elevated leverage—despite a strong 2025 earnings rebound. Technicals add little support due to flat moving averages and minimal momentum. A low P/E provides some valuation support but is not enough to offset cash-flow and balance-sheet risk.

Positive Factors
2025 Earnings ReboundThe sharp 2025 recovery demonstrates that the company can generate substantial revenue and profitability in a favorable operating period. High gross, net, and operating margins could support stronger retained earnings and business reinvestment if performance proves repeatable.
Negative Factors
Persistent Cash BurnRepeatedly negative operating and free cash flow shows that reported profits have not translated into cash generation. If this pattern continues, liquidity may remain under pressure and the company may need greater reliance on financing to support operations and investment.

Fortune Sun China Holdings Ltd. (0352) vs. iShares MSCI Hong Kong ETF (EWH)

-2%0%3%5%8%10%13%15%18%HK:03520.00%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 88.63M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
6.5
Beta (1Y)
4.27
Revenue Growth
1428.70%
EPS Growth
―
Country
Hong Kong
Employees
25
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Fortune Sun China Holdings Ltd. Business Overview & Revenue Model

Company Description

Fortune Sun (China) Holdings Limited functions as an investment holding entity, primarily offering real estate advisory and sales agency services within the property sectors of both the People's Republic of China and Southeast Asia. Its comprehensive...

Fortune Sun China Holdings Ltd. Financial Statement Overview

Summary

Income statement improved sharply in 2025 (strong rebound and high margins), but sustainability is uncertain given 2021–2024 losses. Balance sheet risk is elevated with debt higher than equity. Cash flow is the biggest weakness: operating and free cash flow were negative across all years shown (including 2025), raising earnings-quality and liquidity concerns.

Income Statement

58Neutral

Balance Sheet

41Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue20.10M19.91M1.35M8.97M11.93M40.24M
Gross Profit16.68M16.52M-479.00K-251.00K304.00K9.89M
EBITDA14.45M12.10M-6.72M-8.12M-13.48M-2.37M
Net Income11.61M11.53M-7.60M-9.13M-14.25M-2.91M
Balance Sheet
Total Assets41.70M41.70M27.60M25.98M36.71M44.12M
Cash, Cash Equivalents and Short-Term Investments10.04M10.04M13.49M9.51M11.24M9.67M
Total Debt19.39M19.39M19.90M10.46M10.85M5.29M
Total Liabilities26.33M26.33M23.90M14.74M16.32M9.86M
Stockholders Equity15.37M15.37M3.71M11.24M20.39M34.26M
Cash Flow
Free Cash Flow-2.62M-2.62M-6.53M-4.02M-3.07M-8.16M
Operating Cash Flow-2.62M-2.62M-6.53M-4.02M-3.04M-8.16M
Investing Cash Flow9.76M9.76M-5.84M4.18M-1.05M9.60M
Financing Cash Flow-531.87K-531.87K9.40M-495.00K2.74M-133.00K

Fortune Sun China Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:0352 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:0277HK:027752NeutralHKD 299.41M-11.10-1.04%1.55%-1.19%51.58%
HK:0864HK:086450NeutralHKD 64.88M-0.42-58.30%―-19.86%53.44%
HK:0183HK:018347NeutralHKD 77.67M-0.91-6.71%―92.31%-27.85%
HK:0352HK:035247NeutralHKD 88.63M6.47127.94%―1428.70%―
HK:2048HK:204845NeutralHKD 59.47M-0.125.01%―-42.52%74.85%
HK:0313HK:031338UnderperformHKD 56.01M-0.27171.82%―-66.00%14.53%

* Real Estate Sector Average

Performance Comparison

-50%0%50%HK:0352HK:0313HK:0277HK:2048HK:0183HK:0864Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0352 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0352Fortune Sun China Holdings Ltd.0.360.000.00%
HK:0313Richly Field China Development Limited0.05-0.05-50.00%
HK:0277Tern Properties Co. Ltd.1.08-0.31-22.25%
HK:2048E-House (China) Enterprise Holdings Limited0.03-0.05-57.50%
HK:0183Winfull Group Holdings Limited0.14-0.03-18.45%
HK:0864Wing Lee Property Investments Ltd.0.170.0434.40%

Fortune Sun China Holdings Ltd. Corporate Events

Fortune Sun China Faces Extended Trading Suspension Amid Stricter Resumption Conditions

Sep 30, 2026

Fortune Sun (China) Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 00352, remains under prolonged trading suspension as it works to meet regulatory requirements. The group operates through a board compris...

Fortune Sun China Issues Quarterly Update Amid Trading Suspension and Results Delay

Sep 11, 2026

Fortune Sun (China) Holdings Ltd., a property services and development group operating in the PRC, continues to run its consultancy, planning, sales agency and property management businesses despite an ongoing suspension of trading in its Hong Kong-l...

Fortune Sun China delays 2026 interim results as share trading remains suspended

Aug 31, 2026

Fortune Sun (China) Holdings has announced it will miss the regulatory deadlines for publishing its interim results for the six months ended 30 June 2026 and for sending the corresponding interim report to shareholders. The company cited the need for...

Fortune Sun China Sets August Board Meeting to Approve Interim Results and Dividend

Aug 17, 2026

Fortune Sun (China) Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also decide on publishing the interim results on the compa...

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.

Date of analysis: Oct 01, 2026