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Qingling Motors Co
(1122)
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Rating:44Neutral
Price Target:
HK$0.32
â–¼(-43.86% Downside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by persistent operating losses and weak/volatile cash generation (including negative operating and free cash flow in 2025), reinforced by bearish technical momentum (price below all key moving averages with negative MACD and oversold RSI/Stoch). The main offset is a notably strong, low-debt balance sheet, but the negative P/E underscores that profitability has not yet stabilized.
Positive Factors
Low leverage and strong equity base
Extremely low leverage gives Qingling Motors financial flexibility to withstand weak commercial-vehicle demand and fund operations without heavy interest obligations. Its substantial equity base also provides resilience while management works to restore profitability and improve returns on capital.
Negative Factors
Persistent operating and net losses
Multi-year operating and net losses show that the business has not yet established durable profitability despite recent revenue recovery and better gross margins. Continued losses can constrain reinvestment, weaken shareholder returns, and make earnings improvement dependent on further cost or pricing progress.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
Extremely low leverage gives Qingling Motors financial flexibility to withstand weak commercial-vehicle demand and fund operations without heavy interest obligations. Its substantial equity base also provides resilience while management works to restore profitability and improve returns on capital.
Read all positive factors
Qingling Motors Co (1122) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$819.15M
Dividend Yield9.37%
Average Volume (3M)2.00M
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth2.12%
EPS Growth-10.56%
CountryHK
Employees1,898
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,238,651,900
10 Day Avg. Volume3,445,826
30 Day Avg. Volume1,996,652
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)0.28
Price to Sales (P/S)0.47
P/FCF Ratio-3.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.27
Revenue Forecast (FY)HK$7.12B
Qingling Motors Co Business Overview & Revenue Model
Company Description
Qingling Motors Co., Ltd., together with its subsidiaries, produces and sells Isuzu trucks in the People's Republic of China. The company offers light, medium, and heavy-duty trucks; pick-up trucks; and chassis, automobile parts, accessories, and ...
How the Company Makes Money
Qingling Motors primarily makes money by manufacturing and selling commercial vehicles (e.g., trucks, chassis/cab-chassis and related vehicle variants) to customers through its sales channels, generating revenue recognized on vehicle deliveries. A...
Qingling Motors Co Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
84
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.04B | 4.37B | 4.12B | 3.60B | 3.25B | 4.83B |
| Gross Profit | 375.65M | 392.77M | 270.85M | 223.35M | 115.16M | 554.34M |
| EBITDA | -188.27M | -110.51M | -203.84M | 67.01M | -337.49M | -111.99M |
| Net Income | -81.77M | -26.32M | -55.10M | -54.27M | -14.57M | 322.08M |
Balance Sheet | ||||||
| Total Assets | 10.92B | 10.55B | 10.18B | 9.98B | 10.35B | 10.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.74B | 4.37B | 2.96B | 2.51B | 3.89B | 2.27B |
| Total Debt | 46.21M | 13.32M | 19.77M | 35.86M | 42.17M | 24.74M |
| Total Liabilities | 3.48B | 3.04B | 2.66B | 2.25B | 2.56B | 2.84B |
| Stockholders Equity | 7.25B | 7.32B | 7.34B | 7.40B | 7.45B | 7.74B |
Cash Flow | ||||||
| Free Cash Flow | 200.20M | -626.13M | -47.50M | -519.25M | 134.84M | -126.37M |
| Operating Cash Flow | 301.51M | -502.81M | 114.83M | -344.89M | 300.66M | 12.23M |
| Investing Cash Flow | 71.04M | 1.04B | -260.07M | 424.90M | -693.68M | 894.41M |
| Financing Cash Flow | -230.02K | -26.68M | -186.71M | -21.32M | -299.69M | -273.71M |
Qingling Motors Co Technical Analysis
Negative
0.57
Price Trends
0.47
Negative
0.58
Negative
0.81
Negative
Market Momentum
-0.04
Positive
13.54
Positive
8.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1122, the sentiment is Negative. The current price of 0.57 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.47, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 13.54 is Positive, neither overbought nor oversold. The STOCH value of 8.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1122.
Qingling Motors Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$11.98B | 7.21 | 12.47% | 7.14% | 21.86% | 25.46% | |
72 Outperform | HK$13.55B | 16.81 | 10.33% | 4.19% | 11.49% | 10.65% | |
71 Outperform | HK$90.51B | 9.67 | 17.17% | 6.28% | 38.33% | 37.12% | |
68 Neutral | HK$24.84B | 12.59 | 12.81% | 4.64% | 19.07% | 29.20% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$57.89B | 12.48 | 7.23% | 8.80% | 22.97% | 6.24% | |
44 Neutral | HK$819.15M | -8.75 | -1.12% | 9.37% | 2.12% | -10.56% |
* Consumer Cyclical Sector Average
HK:1122
Qingling Motors Co
0.33
-0.42
-56.00%
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34.97%
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5.18%
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-24.26%
Qingling Motors Co Corporate Events
Qingling Motors Moves to Full Ownership of Qingling Moulds via Connected Capital Reduction
Oct 16, 2026
Qingling Motors Co, a Hong Kong-listed Sino-foreign joint venture based in the PRC, operates in the automotive industry with manufacturing supported by its mould-making subsidiary, Qingling Moulds. The company’s shareholding is dominated by ...
Qingling Motors Secures HKEX Waiver to Delay Major Transaction Circular
Oct 14, 2026
Qingling Motors Co. Ltd has announced a delay in sending a shareholder circular related to a major transaction involving three repurchase agreements, which was originally expected to be dispatched on or before 14 October 2026 under Hong Kong Listi...
Qingling Motors to Boost Stake in Isuzu Joint Venture via Major Connected Deal
Oct 9, 2026
Qingling Motors Co has agreed to acquire approximately 30.43% of the equity interests in Isuzu Qingling Automobile Co (IEC) from its controlling shareholder Qingling Group for about RMB659.87 million. This follows a targeted capital reduction comp...
Qingling Motors Relocates Hong Kong Principal Office and Affirms Board Structure
Oct 9, 2026
Qingling Motors Co. Ltd has announced that it will relocate its principal place of business in Hong Kong to Unit 1002, 10th Floor, No. 100 Queen’s Road Central, effective 10 October 2026. The move signals an administrative shift that may sup...
Qingling Motors Expands New Energy Vehicle Leasing With New Repurchase Deal
Oct 5, 2026
Qingling Motors Co. is a Sino-foreign joint venture based in the People’s Republic of China, principally engaged in the production and sales of light, medium and heavy-duty trucks, pick-up trucks, and automobile parts and accessories. The gr...
Qingling Motors Aggregates New Energy Vehicle Repurchase Deals into Major Transaction
Sep 22, 2026
Qingling Motors Co. has entered into three new repurchase agreements on 22 September 2026 with a financial leasing company and a dealer, all featuring substantially similar terms and relating to repurchase guarantees under its new energy vehicle b...
Qingling Motors Swings to Deeper Interim Loss as Revenue Declines
Aug 28, 2026
Qingling Motors reported unaudited interim results for the six months to 30 June 2026 showing revenue of RMB 1.75 billion, down from RMB 2.07 billion a year earlier, as softer sales pressured the top line despite a broadly stable cost base. The gr...
Qingling Motors Warns of Sharply Wider First-Half Loss Amid Cost and Pricing Pressures
Aug 7, 2026
Qingling Motors has issued a profit warning, stating that it expects to post a significantly wider loss before tax of about RMB75 million to RMB95 million for the six months ended 30 June 2026, compared with a loss of roughly RMB26.1 million a yea...
Qingling Motors Sets August Board Meeting to Approve Interim Results
Aug 6, 2026
Qingling Motors Co. Ltd has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also address other corporate matters, underscoring ongoing governance and fina...
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.