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Tiangong International Co. Ltd. (0826) AI Stock Analysis

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HK:0826

Tiangong International Co. Ltd.

(HKEX:0826)

Select Model
Rating:48Neutral
Price Target:HKD 2.50â–²(2.88% Upside)
Action:reiterated
Date:10/14/26

The score is held back primarily by weak cash-flow consistency (including negative free cash flow in 2025) and a bearish technical backdrop with the price below key moving averages and negative MACD. Moderate valuation (P/E ~14) and a modest dividend yield offer some support, but not enough to outweigh the financial and technical pressure.

Positive Factors
Revenue GrowthReported revenue growth indicates that demand and commercial activity remained positive despite the company’s exposure to cyclical steel markets. If maintained, expanding sales can support operating leverage, strengthen customer reach, and provide a foundation for reinvestment across specialty steel and tooling products.
Negative Factors
Weak Cash ConversionCash generation is inconsistent, with 2025 operating cash flow below net income and free cash flow turning negative after a positive 2024. Persistent volatility can constrain self-funded growth, increase reliance on external financing, and make reported earnings less dependable for capital allocation.

Tiangong International Co. Ltd. (0826) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%40%50%HK:0826-14.95%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 6.62B
Dividend Yield
2.38%
Average Volume (3M)
14.19M
Price to Earnings (P/E)
13.3
Beta (1Y)
0.54
Revenue Growth
7.88%
EPS Growth
16.03%
Country
Hong Kong
Employees
3,601
Sector
Basic Materials
Sector Strength
61
Industry
Steel

Tiangong International Co. Ltd. Business Overview & Revenue Model

Company Description

Tiangong International Company Limited focuses on the fabrication and supply of specialty metallic materials and tools. Its core product lines feature die steel (DS), high-speed steel (HSS), various cutting implements, and titanium alloys. The enterp...

How the Company Makes Money

Tiangong International makes money primarily through (1) selling specialty steel products and (2) selling cutting tools/tooling products, with additional income potentially coming from downstream processing and trading tied to these core operations....

Tiangong International Co. Ltd. Financial Statement Overview

Summary

Mixed fundamentals: profitability remains positive but has compressed from prior highs, revenues have been uneven, leverage has been trending higher, and cash flow is the key weakness with volatile operating cash flow and negative free cash flow in 2025.

Income Statement

58Neutral

Balance Sheet

64Positive

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.85B4.72B4.83B5.16B5.07B5.74B
Gross Profit1.12B951.89M983.54M1.14B1.15B1.41B
EBITDA1.01B864.92M828.73M1.05B836.36M1.15B
Net Income422.99M400.23M358.76M370.21M503.54M664.37M
Balance Sheet
Total Assets14.25B13.80B13.29B13.56B13.36B12.56B
Cash, Cash Equivalents and Short-Term Investments2.05B1.80B1.74B2.06B2.56B3.11B
Total Debt4.42B4.33B3.28B2.90B2.90B2.64B
Total Liabilities6.15B5.83B5.83B6.18B6.22B5.67B
Stockholders Equity7.56B7.43B7.09B7.06B6.86B6.63B
Cash Flow
Free Cash Flow140.92M-34.28M212.47M-244.03M-192.75M88.83M
Operating Cash Flow547.21M294.44M501.76M55.13M303.55M542.30M
Investing Cash Flow-404.15M-309.50M450.41M-223.41M-271.29M-810.92M
Financing Cash Flow-97.55M4.89M-622.01M-304.42M-186.41M799.56M

Tiangong International Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2.43

Price Trends

50DMA2.90Negative
100DMA3.11Negative
200DMA3.31Negative

Market Momentum

MACD-0.13Positive
RSI34.75Neutral
STOCH56.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0826, the sentiment is Negative. The current price of 2.43 is below the 20-day moving average (MA) of 2.67, below the 50-day MA of 2.90, and below the 200-day MA of 3.31, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 34.75 is Neutral, neither overbought nor oversold. The STOCH value of 56.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0826.

Tiangong International Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0826 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1553HK:155365NeutralHKD 616.00M5.567.76%8.45%-35.49%-32.38%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:1938HK:193860NeutralHKD 169.87M1.217.82%―-39.70%-51.97%
HK:0826HK:082648NeutralHKD 6.62B13.285.64%2.38%7.88%16.03%
HK:0323HK:032345NeutralHKD 17.76B-35.95-1.96%―0.33%76.02%
HK:1053HK:105344NeutralHKD 12.61B-3.67-18.85%―-6.57%-6.67%
HK:0347HK:034739UnderperformHKD 18.92B-3.49-14.44%―-1.18%-55.60%

* Basic Materials Sector Average

Performance Comparison

-40%-20%0%20%40%HK:0826HK:0347HK:0323HK:1053HK:1553HK:1938Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0826 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0826Tiangong International Co. Ltd.2.43-0.51-17.23%
HK:0347Angang Steel Co Class H0.99-1.08-52.16%
HK:0323Maanshan Iron & Steel Co Class H1.32-1.32-49.98%
HK:1053Chongqing Iron & Steel Co., Ltd. Class H0.79-0.58-42.34%
HK:1553Maike Tube Industry Holdings Limited1.42-0.03-2.07%
HK:1938Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.0.17-0.15-47.50%

Tiangong International Co. Ltd. Corporate Events

Tiangong International Addresses Share Price Volatility, Reaffirms Green Strategy

Oct 13, 2026

Tiangong International Company Limited has reported unusual movements in its share price and stated that, after making reasonable enquiries, its board is not aware of any specific reason, undisclosed information, or inside information that would expl...

Tiangong International Secures Control of Zuoneng Precision to Enter PCB Drill Bit Market

Sep 15, 2026

Tiangong International has moved to expand into the drill bits for printed circuit board sector through its indirectly owned subsidiary, Jiangsu Tiangong Carbide Technology. On 15 September 2026, Tiangong Carbide agreed to acquire a significant stake...

Tiangong International Names New Executive Director as Veteran Steps Down from Board

Sep 1, 2026

Tiangong International Company Limited announced a planned change in its executive leadership, with long-serving executive director Mr. Wu Suojun resigning from the board effective 1 September 2026 as part of his retirement arrangements, while remain...

Tiangong International Lifts Interim Profit as Margins and Balance Sheet Improve

Aug 28, 2026

Tiangong International reported interim results for the six months ended 30 June 2026 showing revenue of RMB2.47 billion, up 5.5% year on year, and a sharp rise in gross profit of 38.2% as gross margin improved to 24.8%. Profit attributable to equity...

Tiangong Subsidiary Jiangsu Tiangong Technology Issues 2026 Interim Report Highlight

Aug 26, 2026

Jiangsu Tiangong Technology Company Limited, the Beijing Stock Exchange-listed subsidiary of Tiangong International, has released its interim report highlights for the six months ended 30 June 2026. The company confirms that all directors attended an...

Tiangong International Sets August Board Meeting to Approve Interim Results

Aug 17, 2026

Tiangong International Company Limited has scheduled a board meeting for 28 August 2026 to approve its interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend, signaling potential near-te...

Tiangong International Launches PCB Precision Tools Joint Venture in China

Jul 23, 2026

Tiangong International has formed a new joint venture, Jiangsu Tiangong Electronics Technology, with Shenzhen Mingchuangjin Investment and Dongguan Fanyu Automation Technology to expand into precision cutting tools for printed circuit boards. The par...

Tiangong International Secures HK$79.3 Million Dividend Loan with Ownership Covenant

Jul 22, 2026

Tiangong International Company Limited has secured an unsecured, interest-bearing dividend loan facility of HK$79.3 million from a Hong Kong licensed bank, with a one-year tenor. The arrangement strengthens the company’s near-term financing pos...

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 14, 2026