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China Metal Resources Utilization Ltd. (1636) AI Stock Analysis

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HK:1636

China Metal Resources Utilization Ltd.

(HKEX:1636)

Select Model
Rating:46Neutral
Price Target:HKD 0.56â–²(80.32% Upside)
Action:reiterated
Date:01/16/26

The score is primarily held down by very weak financial performance (persistent losses, negative equity, and poor cash generation). Technical indicators show some near-term momentum, but not enough to offset the underlying financial distress, while valuation is not supportive due to a negative P/E and no dividend yield data.

Positive Factors
Diversified Revenue StreamsThe company sells processed recycled non‑ferrous metals and conducts trading while maintaining industrial client partnerships. Multiple, related revenue streams and customer linkages reduce reliance on a single channel and support steadier long‑term cash flows across metal cycles.
Negative Factors
Negative Shareholders' EquityNegative equity signals insolvency risk and severely limits access to capital markets or bank financing. Over months this constrains ability to fund operations, invest in maintenance or growth, and increases dependence on dilutive or expensive financing sources.

China Metal Resources Utilization Ltd. (1636) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:1636-60.76%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 138.93M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.2
Beta (1Y)
1.90
Revenue Growth
―
EPS Growth
―
Country
Hong Kong
Employees
250
Sector
Basic Materials
Sector Strength
61
Industry
Copper

China Metal Resources Utilization Ltd. Business Overview & Revenue Model

Company Description

China Metal Resources Utilization Limited, alongside its group of companies, specializes in the production and commercialization of copper-based products and associated materials within the People's Republic of China. The enterprise's activities are...

How the Company Makes Money

The company generates revenue through multiple streams, primarily from the sale of recycled non-ferrous metals such as copper, aluminum, and zinc. It profits from processing scrap metal, which involves collecting, sorting, and refining materials to c...

China Metal Resources Utilization Ltd. Financial Statement Overview

Summary

Financial statements indicate severe weakness: multi-year revenue decline and persistent losses with negative gross/net and EBIT/EBITDA margins, negative shareholders’ equity (insolvency risk), and weak operating/free cash flow with several years of negative free cash flow.

Income Statement

10Very Negative

Balance Sheet

5Very Negative

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMDec 2024Dec 2023Dec 2023Dec 2021Dec 2020
Income Statement
Total Revenue354.69M468.04M2.39B837.70M7.72B16.70B
Gross Profit746.00K-30.73M-289.73M-111.89M151.60M62.58M
EBITDA-142.00M-190.94M-2.56B-283.81M219.77M-150.13M
Net Income-638.79M-652.46M-4.76B-805.78M-95.48M-387.25M
Balance Sheet
Total Assets1.07B1.08B2.40B1.38B6.73B6.26B
Cash, Cash Equivalents and Short-Term Investments880.00K3.61M2.39M18.33M11.95M47.32M
Total Debt1.71B1.67B1.60B1.65B1.80B1.89B
Total Liabilities5.43B5.24B5.10B4.89B5.02B4.77B
Stockholders Equity-4.36B-4.16B-2.70B-3.51B1.71B1.49B
Cash Flow
Free Cash Flow-28.10M-18.04M-212.38M-69.81M114.20M134.85M
Operating Cash Flow-27.80M-17.66M-212.29M-69.31M116.07M151.79M
Investing Cash Flow-68.83K-33.00K198.29M14.36M-380.46M-484.74M
Financing Cash Flow6.92M3.00M4.52M70.91M228.05M322.87M

China Metal Resources Utilization Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.31

Price Trends

50DMA0.31Positive
100DMA0.31Negative
200DMA0.38Negative

Market Momentum

MACD-0.00Negative
RSI22.55Positive
STOCH20.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1636, the sentiment is Negative. The current price of 0.31 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.31, and below the 200-day MA of 0.38, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 22.55 is Positive, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1636.

China Metal Resources Utilization Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1636 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1258HK:125879OutperformHKD 46.75B10.4521.88%3.44%10.77%30.27%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:0358HK:035855NeutralHKD 112.05B8.7114.87%4.65%22.00%61.99%
HK:0893HK:089348NeutralHKD 116.95M-9.59-1.67%―-9.05%44.68%
HK:0661HK:066146NeutralHKD 1.99B3.3315.07%―48.16%―
HK:1636HK:163646NeutralHKD 138.93M-0.1717.02%―――
HK:2362HK:236245NeutralHKD 8.47B14.437.51%0.31%65.26%―

* Basic Materials Sector Average

Performance Comparison

-50%0%50%100%HK:1636HK:0358HK:1258HK:0661HK:0893HK:2362Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1636 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1636China Metal Resources Utilization Ltd.0.31-0.50-61.73%
HK:0358Jiangxi Copper Company Class H24.26-6.30-20.61%
HK:1258China Nonferrous Mining Corp. Ltd.11.98-1.18-8.94%
HK:0661China Daye Non-Ferrous Metals Mining Limited0.110.0223.33%
HK:0893China Vanadium Titano-Magnetite Mining Co., Ltd.0.05-0.03-37.35%
HK:2362Jinchuan Group International Resources Co. Ltd0.650.010.78%

China Metal Resources Utilization Ltd. Corporate Events

China Metal Resources Utilization Faces Ongoing Result Delays and Debt Restructuring

Jul 6, 2026

China Metal Resources Utilization has yet to commence audit field work for its 2025 financial statements because of unresolved audit fee settlement issues, delaying publication of its annual results and preventing it from meeting Hong Kong listing re...

China Metal Resources Utilization given resumption roadmap as Hong Kong trading halt continues

Jul 3, 2026

China Metal Resources Utilization Limited has received formal resumption guidance from the Hong Kong Stock Exchange following the prolonged suspension of trading in its shares due to delayed financial reporting. The company must publish all outstandi...

China Metal Resources Utilization Adds Independent Director After Unanimous Shareholder Vote

Jun 26, 2026

Shareholders of China Metal Resources Utilization Limited have approved the appointment of Yau Pak Yue as an independent non-executive director at an extraordinary general meeting held in Hong Kong on 26 June 2026, with the resolution receiving 100%...

China Metal Resources Utilization Calls EGM to Add Independent Director

Jun 5, 2026

China Metal Resources Utilization Limited has called an extraordinary general meeting in Hong Kong for 26 June 2026 to seek shareholder approval for the appointment of Mr. Yau Pak Yue as an independent non-executive director. The board will also be a...

China Metal Resources Utilization Delays 2025 Results Amid Audit Fee Dispute

May 21, 2026

China Metal Resources Utilization Limited has announced a further delay in publishing its audited annual results for the year ended 31 December 2025. The audit field work for the company and its subsidiaries has not yet commenced because the group is...

Major Shareholder Seeks Board Seat at China Metal Resources Utilization

May 15, 2026

China Metal Resources Utilization Limited has received a requisition from HKSCC Nominees Limited on behalf of Xinkong International Securities Limited, which holds 21.58% of the company’s issued shares, to convene an extraordinary general meeti...

China Metal Resources Faces Going-Concern Disclaimer as Debt Restructuring Hinges on New Capital

Apr 30, 2026

China Metal Resources Utilization Limited has disclosed that its auditors issued a disclaimer of opinion on its 2024 financial statements due to going concern uncertainties, and the company is working to address this by pursuing a comprehensive debt...

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: Jan 15, 2026