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Shunten International (Holdings) Ltd. (HK:0932)
:0932
Hong Kong Market
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Shunten International (Holdings) Ltd. (0932) AI Stock Analysis

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HK:0932

Shunten International (Holdings) Ltd.

(0932)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
HK$0.03
â–¼(-22.50% Downside)
Action:Reiterated
Date:07/29/26
The score is held back primarily by weakened profitability (losses and negative operating margin) alongside modest revenue contraction, despite strong gross margins. Offsetting this, the company has consistently positive free cash flow and improved leverage through deleveraging. Technicals add modest pressure given the price below the 200-day average, while valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Strong Gross Margins
Gross margins of roughly 69%-78% across FY2023-FY2026 indicate durable product-level profitability and pricing or mix strength. This provides a meaningful base for recovery because revenue stabilization or cost control could improve operating results.
Negative Factors
Revenue Contraction
Revenue has declined for two consecutive years after peaking in FY2024, indicating weaker scale and reduced demand or business momentum. Continued contraction would make it harder to absorb fixed costs, preserve margins, and restore sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
Gross margins of roughly 69%-78% across FY2023-FY2026 indicate durable product-level profitability and pricing or mix strength. This provides a meaningful base for recovery because revenue stabilization or cost control could improve operating results.
Read all positive factors

Shunten International (Holdings) Ltd. (0932) vs. iShares MSCI Hong Kong ETF (EWH)

Shunten International (Holdings) Ltd. Business Overview & Revenue Model

Company Description
Shunten International (Holdings) Limited operates as an investment firm, primarily focusing on the marketing, sales, and distribution of health and beauty products and dietary supplements. Its commercial activities extend across Hong Kong, Taiwan,...

Shunten International (Holdings) Ltd. Financial Statement Overview

Summary
Overall fundamentals are mixed. Gross margins remain very strong and stable, and free cash flow stayed positive in FY2026 (HK$8.9M). However, revenue has declined from FY2024 to FY2026, and profitability deteriorated materially with negative EBIT (about -2.5% margin) and a sizable net loss in FY2026 (about -13.3% margin). The balance sheet shows meaningful deleveraging (debt-to-equity down to ~0.81x), but ROE remains negative (about -24%), underscoring that restoring earnings is the key issue.
Income Statement
34
Negative
Balance Sheet
50
Neutral
Cash Flow
56
Neutral
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue200.28M205.05M235.59M216.13M155.64M
Gross Profit147.64M157.95M184.21M166.31M107.31M
EBITDA-2.84M-14.67M21.47M55.24M-18.47M
Net Income-26.57M-36.24M571.00K41.04M-43.89M
Balance Sheet
Total Assets228.02M288.90M344.33M339.45M246.77M
Cash, Cash Equivalents and Short-Term Investments7.37M5.53M12.70M13.11M35.28M
Total Debt88.83M128.92M122.18M86.50M121.54M
Total Liabilities119.12M153.56M172.73M196.04M144.12M
Stockholders Equity110.17M136.62M172.89M146.01M105.16M
Cash Flow
Free Cash Flow8.89M23.66M33.77M2.94M10.46M
Operating Cash Flow9.28M24.02M38.78M4.84M10.46M
Investing Cash Flow27.63M-342.00K-4.95M-15.27M30.29M
Financing Cash Flow-35.09M-30.84M-34.10M7.45M-61.66M

Shunten International (Holdings) Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Positive
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
44.02
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0932, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0932.

Shunten International (Holdings) Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$1.11B7.756.00%14.10%4.72%20.03%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
54
Neutral
HK$94.14M-36.59-0.49%5.24%30.41%98.08%
51
Neutral
HK$112.02M-0.7538.51%0.84%-7.04%8.69%
47
Neutral
HK$96.34M-3.65-22.68%1.42%-2.32%26.50%
47
Neutral
HK$993.59M47.070.45%5.73%-5.24%-95.65%
43
Neutral
HK$622.71M1.90-15.63%2.57%-8.40%-77.49%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0932
Shunten International (Holdings) Ltd.
0.03
>-0.01
-8.82%
HK:3889
Global Sweeteners Holdings Limited
0.06
-0.04
-40.82%
HK:2317
Vedan International (Holdings) Ltd.
0.73
0.13
21.67%
HK:3838
China Starch Holdings Limited
0.17
-0.01
-7.57%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.38
-0.56
-59.53%
HK:0841
Asia Cassava Resources Holdings Limited
0.16
0.03
24.81%

Shunten International (Holdings) Ltd. Corporate Events

Shunten International Secures Unanimous Shareholder Backing at AGM
Sep 2, 2026
Shunten International (Holdings) Ltd. announced that all resolutions proposed at its annual general meeting held in Hong Kong on 2 September 2026 were approved by shareholders through a poll. The meeting confirmed the audited financial statements ...
Shunten International Sets September AGM, Seeks Fresh Share-Issuance Mandate
Jul 23, 2026
Shunten International (Holdings) Limited has called its annual general meeting for 2 September 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and vote on the re-elec...
Shunten International Plans Major Capital Headroom Boost and Governance Overhaul
Jul 23, 2026
Shunten International (Holdings) Ltd. plans a massive increase in its authorised share capital from 4 billion to 100 billion shares, significantly expanding its capacity to issue new equity to support future fund-raising and business growth. The a...
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: Jul 29, 2026