Tiande Chemical Holdings Limited (0609) AI Stock Analysis

1 Followers

Tiande Chemical Holdings Limited

(HKEX:0609)

Select Model

Rating:53Neutral

Price Target:HKD 0.95▲(1.50% Upside)

Action:reiterated

Date:09/26/26

The overall score of 53 reflects primarily the weakening financial performance: sharp revenue decline, margin compression, and deteriorating cash flows materially constrain earnings quality despite a still-strong, low-leverage balance sheet. Secondarily, the technical picture is neutral with a mild downward bias, as the price trades below longer-term moving averages and momentum indicators are neither strongly bullish nor extremely oversold. Valuation provides modest support through a mid-teens P/E and a moderate dividend yield, but these are not compelling enough to offset the fundamental and cash flow risks.

Positive Factors

Conservative Balance SheetLow leverage reduces balance-sheet pressure and leaves the company better positioned to withstand weaker chemical-market conditions. A sizable equity base also preserves financial flexibility for operations, investment, and shareholder returns without relying heavily on additional borrowing.

Negative Factors

Thin Profit MarginsThin margins leave limited room to absorb changes in chemical pricing, costs, or demand before profits are affected. They also constrain internal capital generation and make earnings less resilient, meaning revenue growth may not translate proportionately into stronger shareholder returns.

Tiande Chemical Holdings Limited (0609) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 821.32M
Dividend Yield: 3.19%
Average Volume (3M): 104.68K
Price to Earnings (P/E): 14.0
Beta (1Y): 0.26
Revenue Growth: 16.60%
EPS Growth: -12.13%
Country: Hong Kong
Employees: 1,190
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals

Tiande Chemical Holdings Limited Business Overview & Revenue Model

Company Description

As an investment holding company, Tiande Chemical Holdings Limited focuses on the research, development, production, and global distribution of specialized chemical compounds. The company's operational footprint spans numerous international markets,...

Tiande Chemical Holdings Limited Financial Statement Overview

Summary

Financial performance is weak overall, with revenue falling from 3.52B in 2022 to 1.85B in 2025 and gross/net margins compressing from 42%/25% to 12%/3%, while ROE has dropped to 2.5%; this is partly offset by a solid balance sheet with stable assets around 3B, equity near 2.4B, and low debt-to-equity of 0.14, though deteriorating operating cash flow (855M to 278M) and poor cash conversion materially increase risk.

Income Statement

42Neutral

Balance Sheet

78Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.03B	1.90B	1.87B	2.08B	3.52B	2.58B
Gross Profit	229.87M	231.33M	227.48M	438.84M	1.48B	777.87M
EBITDA	212.78M	227.00M	195.85M	436.44M	1.40B	678.07M
Net Income	50.41M	62.49M	66.88M	211.07M	870.92M	379.65M
Balance Sheet
Total Assets	3.17B	3.09B	3.08B	2.92B	2.96B	2.32B
Cash, Cash Equivalents and Short-Term Investments	884.68M	826.14M	851.55M	615.06M	492.13M	226.35M
Total Debt	395.17M	333.89M	220.13M	0	45.72M	154.76M
Total Liabilities	755.72M	654.28M	569.51M	364.24M	456.06M	561.92M
Stockholders Equity	2.42B	2.44B	2.42B	2.44B	2.41B	1.75B
Cash Flow
Free Cash Flow	255.65M	91.78M	195.67M	330.76M	592.74M	60.86M
Operating Cash Flow	432.63M	277.93M	395.43M	649.23M	854.84M	274.33M
Investing Cash Flow	-250.03M	-252.61M	-219.65M	-543.42M	-469.45M	-84.39M
Financing Cash Flow	-196.08M	-138.70M	6.65M	-232.55M	-337.13M	-88.77M

Tiande Chemical Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.94

Price Trends

50DMA1.02Negative

100DMA1.04Negative

200DMA1.19Negative

Market Momentum

MACD-0.02Positive

RSI27.02Positive

STOCH9.80Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0609, the sentiment is Negative. The current price of 0.94 is below the 20-day moving average (MA) of 0.99, below the 50-day MA of 1.02, and below the 200-day MA of 1.19, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 27.02 is Positive, neither overbought nor oversold. The STOCH value of 9.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0609.

Tiande Chemical Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:0609 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0746	82Outperform	HKD 3.89B	6.57	8.77%	7.61%	2.52%	2.16%
HK:0189	73Outperform	HKD 14.84B	6.87	12.67%	3.37%	7.79%	48.48%
HK:1702	70Outperform	HKD 1.02B	4.83	9.19%	2.42%	3.26%	181.56%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HK:0609	53Neutral	HKD 821.32M	13.96	2.08%	3.19%	16.60%	-12.13%
HK:6616	46Neutral	HKD 10.29B	-14.89	-18.41%	―	165.47%	-398.61%
HK:2198	45Neutral	HKD 3.70B	4.11	13.63%	4.75%	0.90%	16.54%

* Basic Materials Sector Average

Performance Comparison

HK:0609 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0609	Tiande Chemical Holdings Limited	0.94	-0.45	-32.34%
HK:1702	Dongguang Chemical Ltd.	1.65	-0.39	-19.04%
HK:0189	Dongyue Group Limited	8.89	-1.76	-16.53%
HK:2198	China Sanjiang Fine Chemicals Co., Ltd.	3.15	0.38	13.78%
HK:6616	Global New Material International Holdings Limited	8.23	1.63	24.77%
HK:0746	Lee & Man Chemical Co. Ltd.	4.60	-0.77	-14.37%

Tiande Chemical Holdings Limited Corporate Events

Tiande Chemical Grants Share Awards Equal to 1.6% of Capital

Oct 23, 2026

Tiande Chemical Holdings Limited has granted 14,070,000 share awards, equal to about 1.6% of its issued share capital, to an executive director and seven other employee participants under its previously adopted share award scheme. The awards, priced...

Tiande Chemical Grows Revenue but Faces Margin Pressure in First-Half 2026

Aug 24, 2026

Tiande Chemical Holdings reported interim revenue of RMB1,082.4 million for the six months ended 30 June 2026, up 16.1% year on year, with gross profit rising 4.5% to RMB121.9 million despite a lower gross margin of 11.3%. The company’s profit attrib...

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: Sep 26, 2026

Tiande Chemical Holdings Limited AI Stock Analysis