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

Fortune Sun China Holdings Ltd.

(HKEX:0352)

Select Model

Rating:67Neutral

Price Target:HKD 0.39▲(8.61% Upside)

Action:reiterated

Date:10/01/26

The overall score is driven primarily by the sharp improvement in profitability and high margins in 2025 combined with strong returns on equity, balanced against weak and consistently negative cash generation and a leveraged balance sheet. Neutral, oversold technicals and a low P/E multiple suggest potential upside but also reflect ongoing turnaround and high-volatility risk, keeping the stock in a moderately attractive but still risky range.

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)

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

Score reflects a strong 2025 profitability turnaround with very high margins and attractive returns on equity, offset by persistent negative operating and free cash flows and a still-elevated debt load.

Income Statement

88Very Positive

Balance Sheet

72Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.10M	19.91M	1.35M	8.97M	11.93M	40.24M
Gross Profit	16.68M	16.52M	-479.00K	-251.00K	304.00K	9.89M
EBITDA	14.45M	12.10M	-6.72M	-8.12M	-13.48M	-2.37M
Net Income	11.61M	11.53M	-7.60M	-9.13M	-14.25M	-2.91M
Balance Sheet
Total Assets	41.70M	41.70M	27.60M	25.98M	36.71M	44.12M
Cash, Cash Equivalents and Short-Term Investments	10.04M	10.04M	13.49M	9.51M	11.24M	9.67M
Total Debt	19.39M	19.39M	19.90M	10.46M	10.85M	5.29M
Total Liabilities	26.33M	26.33M	23.90M	14.74M	16.32M	9.86M
Stockholders Equity	15.37M	15.37M	3.71M	11.24M	20.39M	34.26M
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 Flow	9.76M	9.76M	-5.84M	4.18M	-1.05M	9.60M
Financing Cash Flow	-531.87K	-531.87K	9.40M	-495.00K	2.74M	-133.00K

Fortune Sun China Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

HK:0352 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0352	67Neutral	HKD 88.63M	6.46	127.94%	―	1428.70%	―
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HK:0277	52Neutral	HKD 299.41M	-11.10	-1.04%	1.55%	-1.19%	51.58%
HK:0183	47Neutral	HKD 77.67M	-0.91	-6.71%	―	92.31%	-27.85%
HK:0864	42Neutral	HKD 64.88M	-0.42	-58.30%	―	-19.86%	53.44%
HK:2048	39Underperform	HKD 59.47M	-0.12	5.01%	―	-42.52%	74.85%
HK:0313	38Underperform	HKD 56.01M	-0.27	171.82%	―	-66.00%	14.53%

* Real Estate Sector Average

Performance Comparison

HK:0352 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0352	Fortune Sun China Holdings Ltd.	0.36	0.00	0.00%
HK:0313	Richly Field China Development Limited	0.05	-0.05	-50.00%
HK:0277	Tern Properties Co. Ltd.	1.08	-0.31	-22.25%
HK:2048	E-House (China) Enterprise Holdings Limited	0.03	-0.05	-57.50%
HK:0183	Winfull Group Holdings Limited	0.14	-0.03	-18.45%
HK:0864	Wing Lee Property Investments Ltd.	0.17	0.04	34.40%

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

Fortune Sun China Holdings Ltd. AI Stock Analysis