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Tiangong International Co. Ltd.
(0826)
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Rating:50Neutral
Price Target:
HK$3.00
â–¼(-1.32% Downside)
Action:Reiterated
Date:07/29/26
The score is primarily held back by weak cash-flow consistency (including negative free cash flow in 2025) and a deteriorating technical trend with the share price below all key moving averages. These risks are partly offset by continued profitability and a moderate valuation with a ~2.1% dividend yield.
Positive Factors
Revenue Growth
Positive revenue growth indicates that demand across the company’s specialty steel and tooling activities is still expanding. If maintained, this supports operating scale, helps absorb fixed costs, and provides a durable base for reinvestment in higher-value products and downstream capabilities.
Negative Factors
Inconsistent Cash Generation
Weak and volatile cash conversion is a durable concern because reported profits are not consistently translating into cash available for investment, debt reduction, or distributions. Negative free cash flow in 2025 also increases dependence on working-capital improvement or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Positive revenue growth indicates that demand across the company’s specialty steel and tooling activities is still expanding. If maintained, this supports operating scale, helps absorb fixed costs, and provides a durable base for reinvestment in higher-value products and downstream capabilities.
Read all positive factors
Tiangong International Co. Ltd. (0826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.80B
Dividend Yield1.79%
Average Volume (3M)16.75M
Price to Earnings (P/E)18.0
Beta (1Y)0.75
Revenue Growth7.88%
EPS Growth16.03%
CountryHK
Employees3,601
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.15
Shares Outstanding2,725,000,000
10 Day Avg. Volume23,362,203
30 Day Avg. Volume16,746,860
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)1.01
Price to Sales (P/S)1.60
P/FCF Ratio-219.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.25Price Target Upside72.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$5.84B
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 ent...
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 operation...
Tiangong International Co. Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.72B | 4.83B | 5.16B | 5.07B | 5.74B |
| Gross Profit | 951.89M | 983.54M | 1.14B | 1.15B | 1.41B |
| EBITDA | 857.04M | 808.09M | 1.05B | 839.85M | 1.15B |
| Net Income | 400.23M | 358.76M | 370.21M | 503.54M | 664.37M |
Balance Sheet | |||||
| Total Assets | 13.80B | 13.29B | 13.56B | 13.36B | 12.56B |
| Cash, Cash Equivalents and Short-Term Investments | 1.80B | 1.74B | 2.06B | 2.56B | 3.11B |
| Total Debt | 4.33B | 3.28B | 2.90B | 2.90B | 2.64B |
| Total Liabilities | 5.83B | 5.83B | 6.18B | 6.22B | 5.67B |
| Stockholders Equity | 7.43B | 7.09B | 7.06B | 6.86B | 6.63B |
Cash Flow | |||||
| Free Cash Flow | -34.28M | 212.47M | -244.03M | -192.75M | 88.83M |
| Operating Cash Flow | 294.44M | 501.76M | 55.13M | 303.55M | 542.30M |
| Investing Cash Flow | -309.50M | 450.41M | -223.41M | -271.29M | -810.92M |
| Financing Cash Flow | 4.89M | -622.01M | -304.42M | -186.41M | 799.56M |
Tiangong International Co. Ltd. Technical Analysis
Positive
3.04
Price Trends
3.12
Positive
3.35
Negative
3.34
Negative
Market Momentum
0.03
Negative
58.98
Neutral
63.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0826, the sentiment is Positive. The current price of 3.04 is above the 20-day moving average (MA) of 2.98, below the 50-day MA of 3.12, and below the 200-day MA of 3.34, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.98 is Neutral, neither overbought nor oversold. The STOCH value of 63.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0826.
Tiangong International Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$650.70M | 5.92 | 7.76% | 8.00% | -35.49% | -32.38% | |
62 Neutral | HK$225.48M | 1.65 | 7.82% | 2.39% | -39.70% | -51.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | HK$8.80B | 17.96 | 5.60% | 1.79% | 7.88% | 16.03% | |
48 Neutral | HK$21.48B | -100.75 | -0.85% | 1.64% | 3.33% | 94.10% | |
45 Neutral | HK$21.06B | -3.90 | -11.45% | 0.38% | -1.22% | 8.37% | |
44 Neutral | HK$13.64B | -4.03 | -18.85% | 6.49% | -6.57% | -6.67% |
* Basic Materials Sector Average
HK:0826
Tiangong International Co. Ltd.
3.24
0.60
22.58%
HK:0347
Angang Steel Co
1.17
-0.98
-45.58%
HK:0323
Maanshan Iron & Steel Co
1.80
-0.69
-27.62%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.92
-0.42
-31.20%
HK:1553
Maike Tube Industry Holdings Limited
1.50
0.09
6.38%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.23
-0.22
-49.78%
Tiangong International Co. Ltd. Corporate Events
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 rem...
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 equ...
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...
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...
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 ...
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 ...
Tiangong International Ramps Up PCB Cutting Tool Capacity to Capture AI-Driven Demand
Jul 7, 2026
Tiangong International has launched a project to expand annual production capacity to 300 tons of ultra-fine grain rods used in cutting tools for printed circuit boards, through its indirectly owned Jiangsu Tiangong Carbide Technology subsidiary. ...
Tiangong International Sets Final 2025 Dividend and HKD Payout Terms
Jun 17, 2026
Tiangong International Company Limited has announced a proposed final ordinary dividend for the financial year ended 31 December 2025, set at RMB 0.0253 per share, with shareholder approval obtained on 16 June 2026. The company updated the exchang...
Tiangong International Wins Shareholder Backing for Dividend, Board Changes and Capital Mandates
Jun 16, 2026
Shareholders of Tiangong International Company Limited approved all resolutions at the 16 June 2026 annual general meeting, including the 2025 audited accounts, re-appointment and election of directors, and re-appointment of KPMG as auditors. The ...
Tiangong International Sets Out Board and Committee Composition
Jun 16, 2026
Tiangong International Company Limited has announced the current composition of its board of directors, listing four executive directors, including Chairman Zhu Xiaokun and Chief Executive Officer Zhu Zefeng, alongside three independent non‑...
Tiangong International Declares Final 2025 Cash Dividend and Sets Key Dates
Jun 16, 2026
Tiangong International Company Limited has announced a proposed final ordinary cash dividend of RMB 0.0253 per share for the financial year ended 31 December 2025, equivalent to HKD 0.0291 per share based on an exchange rate of RMB 1 to HKD 1.1502...
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.