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China Outfitters Holdings
(1146)
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Rating:41Neutral
Price Target:
HK$0.04
â–¼(-31.67% Downside)
Action:Reiterated
Date:09/29/26
The score is primarily weighed down by weak financial performance—multi-year revenue contraction, ongoing losses, and sustained negative operating/free cash flow—despite the benefit of very low leverage. Technicals also remain bearish with the price below key moving averages and negative MACD, while valuation is constrained by a negative P/E (loss-making) and no provided dividend yield.
Positive Factors
Low Leverage
Very low leverage reduces refinancing pressure and preserves balance-sheet flexibility while the company works to improve operations. Limited debt obligations may allow management to direct more resources toward restructuring or investment, although this benefit depends on stabilizing losses and cash use.
Negative Factors
Long-Term Revenue Contraction
The steep multi-year revenue decline indicates a substantial reduction in business scale and weak evidence of durable demand momentum. A smaller revenue base makes fixed operating costs harder to absorb, limits reinvestment capacity, and increases the importance of proving that any recent growth can persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces refinancing pressure and preserves balance-sheet flexibility while the company works to improve operations. Limited debt obligations may allow management to direct more resources toward restructuring or investment, although this benefit depends on stabilizing losses and cash use.
Read all positive factors
China Outfitters Holdings (1146) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$152.23M
Dividend Yield21.74%
Average Volume (3M)438.93K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth5.72%
EPS Growth47.08%
CountryHK
Employees194
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.02
Shares Outstanding3,545,450,000
10 Day Avg. Volume315,400
30 Day Avg. Volume438,933
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.10
Price to Sales (P/S)0.67
P/FCF Ratio-5.24
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)N/A
Revenue Forecast (FY)N/A
China Outfitters Holdings Business Overview & Revenue Model
Company Description
Huicheng International Holdings Ltd. specializes in the full scope of men's clothing, encompassing its design, production, promotion, and retail. The company's activities are divided into two primary divisions: Property Development, and Apparel Pr...
China Outfitters Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 144.18M | 139.44M | 156.08M | 207.66M | 206.52M | 323.51M |
| Gross Profit | 82.44M | 68.22M | 81.12M | 101.31M | 81.36M | 194.61M |
| EBITDA | -68.65M | -75.26M | -67.70M | -76.87M | -153.25M | -47.09M |
| Net Income | -59.45M | -93.44M | -109.41M | -142.52M | -252.18M | -151.81M |
Balance Sheet | ||||||
| Total Assets | 1.08B | 1.10B | 1.16B | 1.32B | 1.47B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 333.79M | 331.23M | 333.49M | 475.18M | 496.79M | 556.83M |
| Total Debt | 19.75M | 22.24M | 9.33M | 10.82M | 11.73M | 27.66M |
| Total Liabilities | 245.22M | 212.82M | 190.02M | 193.61M | 200.35M | 258.13M |
| Stockholders Equity | 838.82M | 891.52M | 971.06M | 1.13B | 1.26B | 1.49B |
Cash Flow | ||||||
| Free Cash Flow | -16.05M | -17.73M | -24.30M | -12.62M | -47.38M | -104.45M |
| Operating Cash Flow | -11.68M | -15.05M | -24.30M | -8.59M | -31.52M | -72.61M |
| Investing Cash Flow | -25.33M | -191.90K | -31.20M | -17.80M | 191.47M | -24.68M |
| Financing Cash Flow | -26.77M | 2.65M | -66.60M | -9.55M | -23.42M | -47.60M |
China Outfitters Holdings Technical Analysis
Negative
0.06
Price Trends
0.05
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
41.46
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1146, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1146.
China Outfitters Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$559.32M | 3.82 | 5.83% | 6.27% | -1.84% | 29.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$206.75M | -2.13 | -10.87% | 10.00% | 2.86% | -63.19% | |
50 Neutral | HK$244.04M | -1.80 | -10.95% | 4.00% | -16.20% | -324.90% | |
48 Neutral | HK$782.25M | 19.20 | 2.55% | 1.98% | 5.77% | 22.13% | |
47 Neutral | HK$146.99M | -0.99 | -8.32% | 1.47% | -36.57% | -107.55% | |
41 Neutral | HK$152.23M | -2.21 | -6.87% | 21.74% | 5.72% | 47.08% |
* Consumer Cyclical Sector Average
HK:1146
China Outfitters Holdings
0.05
>-0.01
-4.26%
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China Outfitters Holdings Corporate Events
Huicheng International Narrows Interim Loss as Margins Strengthen
Aug 25, 2026
Huicheng International Holdings reported interim results for the six months ended 30 June 2026 showing modest top-line growth but a sharply improved cost structure. Revenue rose 7.1% year on year to RMB72.1 million, while gross profit surged 39.7%...
Huicheng International Sets August Board Meeting to Approve Interim Results
Aug 13, 2026
Huicheng International Holdings Limited has scheduled a board meeting for 25 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend and may a...
Huicheng International completes HK$10 million connected share subscription
Aug 10, 2026
Huicheng International Holdings has completed a connected share subscription, issuing 100 million new shares at HK$0.10 each under a specific mandate, representing about 2.82% of its enlarged share capital. The transaction increases the stake of t...
Huicheng International Wins Shareholder Backing for New Share Subscription
Aug 3, 2026
Huicheng International Holdings has secured shareholder approval at an extraordinary general meeting for a share subscription agreement with individual investor Zhang Kailun. Independent shareholders voted by poll to grant a specific mandate autho...
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.