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Triumph New Energy Company
(1108)
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Rating:41Neutral
Price Target:
HK$1.50
▼(-60.53% Downside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by materially weakened fundamentals: deepening losses, rising leverage, and persistently negative operating and free cash flow. Technical indicators also remain bearish with the stock below major moving averages and negative MACD. Valuation is not supportive because the negative P/E reflects ongoing unprofitability and no dividend yield is available.
Positive Factors
Historical Profitability
Profitability in 2021–2023 indicates the company has previously converted operations into earnings during a stronger cycle. That history provides evidence of underlying earnings capacity, although restoring it will depend on reversing the current revenue, pricing, and cost pressures.
Negative Factors
Deepening Losses and Revenue Contraction
The shift from multi-year profitability to deep losses, alongside declining revenue, indicates a material deterioration in the earnings engine. Negative gross margins and weak net margins can persistently erode capital and reduce the company’s ability to fund operations or invest for recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Profitability
Profitability in 2021–2023 indicates the company has previously converted operations into earnings during a stronger cycle. That history provides evidence of underlying earnings capacity, although restoring it will depend on reversing the current revenue, pricing, and cost pressures.
Read all positive factors
Triumph New Energy Company (1108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.47B
Dividend YieldN/A
Average Volume (3M)1.47M
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-13.36%
EPS Growth-35.22%
CountryHK
Employees2,336
SectorEnergy
Sector Strength52
IndustryConstruction Materials
Share Statistics
EPS (TTM)-2.02
Shares Outstanding250,000,000
10 Day Avg. Volume1,272,400
30 Day Avg. Volume1,470,733
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.69
Price to Sales (P/S)0.66
P/FCF Ratio-1.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.30Price Target Upside-39.47% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.77
Revenue Forecast (FY)HK$2.49B
Triumph New Energy Company Business Overview & Revenue Model
Company Description
Luoyang Glass Company Limited, along with its affiliated entities, is engaged in the manufacturing and worldwide distribution of float glass. Its operations are structured into two distinct segments: Information Display Glass and New Energy Glass....
Triumph New Energy Company Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.75B | 3.24B | 4.59B | 6.60B | 5.03B | 3.61B |
| Gross Profit | -720.59M | -398.62M | -199.98M | 764.00M | 596.12M | 868.30M |
| EBITDA | -1.02B | -443.20M | -303.90M | 934.09M | 828.90M | 753.69M |
| Net Income | -1.30B | -914.34M | -609.93M | 394.72M | 409.04M | 255.76M |
Balance Sheet | ||||||
| Total Assets | 12.84B | 13.61B | 12.31B | 12.43B | 10.57B | 9.27B |
| Cash, Cash Equivalents and Short-Term Investments | 109.91M | 145.89M | 140.37M | 280.54M | 689.02M | 1.12B |
| Total Debt | 7.05B | 5.63B | 4.37B | 3.89B | 2.87B | 2.62B |
| Total Liabilities | 10.01B | 9.98B | 7.93B | 7.37B | 5.95B | 4.92B |
| Stockholders Equity | 2.26B | 3.10B | 4.02B | 4.63B | 4.23B | 3.84B |
Cash Flow | ||||||
| Free Cash Flow | -655.91M | -1.17B | -1.03B | -1.72B | -1.32B | -1.55B |
| Operating Cash Flow | -445.31M | -736.03M | -393.89M | 143.51M | -398.05M | 136.31M |
| Investing Cash Flow | -103.40M | -428.31M | -569.35M | -1.76B | -661.82M | -1.71B |
| Financing Cash Flow | 498.92M | 1.16B | 862.97M | 1.36B | 582.53M | 2.38B |
Triumph New Energy Company Technical Analysis
Negative
3.80
Price Trends
2.13
Negative
2.30
Negative
3.03
Negative
Market Momentum
-0.12
Positive
19.73
Positive
10.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1108, the sentiment is Negative. The current price of 3.8 is above the 20-day moving average (MA) of 1.93, above the 50-day MA of 2.13, and above the 200-day MA of 3.03, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 19.73 is Positive, neither overbought nor oversold. The STOCH value of 10.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1108.
Triumph New Energy Company Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | HK$8.98B | 8.24 | 3.76% | 6.86% | -5.23% | -41.53% | |
53 Neutral | HK$661.62M | -36.70 | -13.58% | ― | 4.31% | -426.67% | |
49 Neutral | HK$21.82B | 56.01 | 1.61% | 3.32% | -4.78% | ― | |
41 Neutral | HK$3.47B | -3.23 | -45.20% | ― | -13.36% | -35.22% | |
41 Neutral | HK$199.79M | -0.61 | 118.96% | 3.51% | -50.93% | 43.67% |
* Energy Sector Average
HK:1108
Triumph New Energy Company
1.72
-2.64
-60.55%
HK:2128
China Lesso Group Holdings
2.92
-1.33
-31.36%
HK:6865
Flat Glass Group Co
5.17
-6.81
-56.85%
HK:1315
Green Economy Development Limited
0.12
>-0.01
-6.98%
HK:1592
Anchorstone Holdings Limited
0.14
-0.07
-32.02%
HK:1653
MOS House Group Limited
2.29
1.35
143.62%
Triumph New Energy Company Corporate Events
Triumph New Energy Shareholders Back Adjustment to 2026 Subsidiary Guarantees
Oct 16, 2026
Triumph New Energy Company Limited held its second extraordinary general meeting of 2026 in Luoyang, Henan Province, with shareholders representing 39.06% of the company’s voting share capital in attendance. Both A and H shareholders partici...
Triumph New Energy Schedules Board Meeting to Review Nine-Month Results
Oct 9, 2026
Triumph New Energy Company Limited has announced that its board of directors will convene on 30 October 2026 to review and consider approval of the unaudited consolidated results for the nine months ended 30 September 2026. The scheduled meeting s...
Triumph New Energy Raises 2026 Subsidiary Guarantee Cap to RMB2.83 Billion
Sep 24, 2026
Triumph New Energy Company Limited has revised upward its expected guarantees to be provided to several subsidiaries in 2026, increasing the total forecast from RMB1.83 billion to RMB2.83 billion. The adjustments mainly affect units in Hefei, Luoy...
Triumph New Energy Calls October EGM to Revise Subsidiary Guarantee Limits
Sep 24, 2026
Triumph New Energy Company Limited has convened its second extraordinary shareholders’ meeting of 2026 for October 16 in Luoyang, where investors will vote on an ordinary resolution to adjust the expected amount of guarantees provided to its...
Triumph New Energy Schedules Online Briefing on 2026 Interim Results
Sep 2, 2026
Triumph New Energy Company Limited has scheduled an online interim results briefing for 10 September 2026, from 4:00 to 5:00 p.m., via the SSE Roadshow Centre in Shanghai. The session will feature senior management, including the president, the fi...
Triumph New Energy’s Interim Losses Deepen as Revenue Drops Nearly 30%
Aug 26, 2026
Triumph New Energy Company Limited reported a sharp downturn in its 2026 interim results, with operating income for the first half of the year falling 29.27% year on year to RMB 1.18 billion and net profit attributable to shareholders slipping dee...
Triumph New Energy Backs Directors After CSRC Warning Over Disclosure Lapses
Aug 18, 2026
Triumph New Energy Company Limited has issued a supplemental announcement clarifying its response to an administrative Warning Letter from the Henan Regulatory Bureau of the China Securities Regulatory Commission. The letter arose from deficiencie...
Triumph New Energy Rebuked by Henan Regulator Over Delayed Litigation Disclosure
Aug 6, 2026
Triumph New Energy Company Limited has disclosed that it received a warning letter from the Henan Regulatory Bureau of the China Securities Regulatory Commission over lapses in its information disclosure practices. The regulator found that the com...
Triumph New Energy Appoints New Company Secretary to Bolster Governance
Aug 4, 2026
Triumph New Energy Company Limited announced a change in company secretary, with Mr. Ip Pui Sum stepping down on 4 August 2026 for personal reasons and confirming no disagreement with the board or issues requiring shareholder attention. The board ...
Triumph New Energy Sets Board Meeting to Approve Interim Results
Aug 3, 2026
Triumph New Energy Company Limited has announced that its board of directors will convene on 26 August 2026 to review and consider approval of the unaudited consolidated financial results for the six months ended 30 June 2026. The scheduled meetin...
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.