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Qingdao Holdings International Limited (0499) AI Stock Analysis

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HK:0499

Qingdao Holdings International Limited

(HKEX:0499)

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Rating:48Neutral
Price Target:HKD 0.16â–¼(-1.25% Downside)
Action:reiterated
Date:08/19/26

The score is held down primarily by weak financial performance, driven by sustained losses, contracting revenue, recent cash burn, and elevated leverage. Technicals provide partial offset with price trading above key moving averages and moderately positive momentum, while valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.

Positive Factors
Gross Margin ResilienceRelatively healthy gross margins indicate the trading business can preserve a meaningful spread between procurement and selling prices. If maintained, this provides a foundation for recovery, although the company still needs to control operating costs and other charges to convert gross profit into sustainable earnings.
Negative Factors
Persistent LossesThe shift from modest profits to large losses across four consecutive years shows that the business has not sustained earnings conversion. Persistent losses weaken internal funding capacity, reduce financial flexibility, and make a durable recovery dependent on meaningful improvement in operations or cost control.

Qingdao Holdings International Limited (0499) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%150%HK:0499+53.85%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 159.77M
Dividend Yield
―
Average Volume (3M)
243.88K
Price to Earnings (P/E)
-3.1
Beta (1Y)
0.24
Revenue Growth
-28.60%
EPS Growth
-53.27%
Country
Hong Kong
Employees
90
Sector
Technology
Sector Strength
61
Industry
Real Estate - Diversified

Qingdao Holdings International Limited Business Overview & Revenue Model

Company Description

Qingdao Holdings International Limited is an investment holding company with operations in several segments. The company engages in the leasing of residential, industrial, and commercial properties; provides consulting services including construction...

How the Company Makes Money

The company generates income mainly through commercial trading activities—earning gross profit from the spread between its procurement costs and selling prices when it purchases goods from suppliers and sells them to customers. Revenue is therefore d...

Qingdao Holdings International Limited Financial Statement Overview

Summary

Financial performance is weak: the company has shifted from modest profits to large losses (2022–2025), with shrinking revenue (~35% decline in 2025). Cash generation has deteriorated with negative operating and free cash flow in 2024–2025, and the latest balance sheet shows elevated leverage (debt meaningfully above equity), increasing financing and execution risk despite relatively healthy gross margins in some years.

Income Statement

20Very Negative

Balance Sheet

35Negative

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue31.95M32.61M44.33M42.30M56.60M69.26M
Gross Profit13.90M14.58M25.54M19.90M38.03M44.69M
EBITDA-34.52M-33.73M-5.09M-26.83M-56.32M40.76M
Net Income-43.76M-42.48M-15.31M-47.32M-63.53M8.36M
Balance Sheet
Total Assets646.06M678.05M726.90M1.25B1.10B1.04B
Cash, Cash Equivalents and Short-Term Investments158.79M141.33M178.40M158.32M175.14M235.17M
Total Debt369.48M371.18M7.64M504.22M393.46M426.57M
Total Liabilities382.33M394.79M387.78M893.69M702.05M587.12M
Stockholders Equity218.14M235.22M283.54M293.47M338.25M384.87M
Cash Flow
Free Cash Flow16.99M-16.07M-109.98M5.91M12.65M-59.61M
Operating Cash Flow17.01M-16.07M-109.96M6.56M14.51M-37.03M
Investing Cash Flow-1.53M-3.41M-60.28M-5.31M-7.94M-47.91M
Financing Cash Flow-21.31M-15.24M188.95M-19.56M-76.63M212.31M

Qingdao Holdings International Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.16

Price Trends

50DMA0.18Negative
100DMA0.18Negative
200DMA0.16Negative

Market Momentum

MACD-0.01Negative
RSI40.10Neutral
STOCH23.43Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0499, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.18, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 23.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0499.

Qingdao Holdings International Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0499 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1895HK:189570OutperformHKD 171.98M1.5015.16%13.17%4.17%10.89%
HK:9608HK:960862NeutralHKD 180.48M13.292.83%―-6.29%43.48%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:2107HK:210750NeutralHKD 416.12M-4.49-10.95%10.00%-0.09%-101.15%
HK:0499HK:049948NeutralHKD 159.77M-3.10-19.31%―-28.60%-53.27%
HK:1153HK:115347NeutralHKD 215.11M50.2830.35%―0.04%-95.28%
HK:2215HK:221546NeutralHKD 124.83M-0.45-52.88%―1.89%-805.91%

* Technology Sector Average

Performance Comparison

-50%0%50%100%HK:0499HK:9608HK:1153HK:1895HK:2107HK:2215Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0499 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0499Qingdao Holdings International Limited0.160.0653.85%
HK:9608Sundy Service Group Co. Ltd0.05-0.03-41.98%
HK:1153Jiayuan Services Holdings Limited0.32-0.08-20.00%
HK:1895Xinyuan Property Management Service (Cayman) Ltd.0.29-0.24-45.28%
HK:2107First Service Holding Limited0.340.0933.33%
HK:2215Dexin Services Group Ltd.0.14-0.33-71.06%

Qingdao Holdings International Limited Corporate Events

Qingdao Holdings posts wider interim loss on lower rental income and property revaluation hit

Aug 26, 2026

Qingdao Holdings International Limited reported unaudited interim results for the six months ended 30 June 2026, with total revenue declining to RMB9.1 million from RMB10.7 million a year earlier, mainly reflecting lower rental income and slightly we...

Qingdao Holdings Sets August Board Meeting to Review Interim Results and Possible Dividend

Aug 14, 2026

Qingdao Holdings International Limited has scheduled a board meeting for 26 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The directors will also consider whether to declare an interim dividend...

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: Aug 19, 2026