Want to see HK:1809 full AI Analyst Report?
Top Page
Prinx Chengshan Holdings Limited
(1809)
Select Model
Select Model
Rating:69Neutral
Price Target:
HK$7.50
▼(-5.54% Downside)
Action:Downgraded
Date:08/06/26
The score is driven primarily by solid underlying fundamentals (multi-year growth, strong 2023–2024 profitability, and improved balance-sheet strength), tempered by 2025’s earnings/margin softening and rising debt. Valuation is a major positive given the very low P/E and high dividend yield, while technicals remain weak with the price below key moving averages and slightly negative momentum.
Positive Factors
Consistent Revenue Growth
Consistent revenue growth across 2020–2025 indicates sustained demand for the company’s tire products and continued business expansion. This provides a durable base for operating scale, supports ongoing investment in the brand portfolio, and strengthens the company’s ability to absorb periodic changes in product mix or costs.
Negative Factors
2025 Earnings and Margin Decline
The 2025 decline in gross profit and net income despite modest revenue growth shows that top-line expansion is not currently translating proportionally into earnings. If margin pressure persists, it could weaken cash generation, reduce returns on growth, and make the strong 2023–2024 profitability level harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Consistent revenue growth across 2020–2025 indicates sustained demand for the company’s tire products and continued business expansion. This provides a durable base for operating scale, supports ongoing investment in the brand portfolio, and strengthens the company’s ability to absorb periodic changes in product mix or costs.
Read all positive factors
Prinx Chengshan Holdings Limited (1809) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.89B
Dividend Yield8.2%
Average Volume (3M)47.49K
Price to Earnings (P/E)3.3
Beta (1Y)0.53
Revenue Growth8.69%
EPS Growth2.14%
CountryHK
Employees7,056
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.56
Shares Outstanding638,645,000
10 Day Avg. Volume40,431
30 Day Avg. Volume47,493
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.62
Price to Sales (P/S)0.38
P/FCF Ratio7.90
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)2.58
Revenue Forecast (FY)HK$12.69B
Prinx Chengshan Holdings Limited Business Overview & Revenue Model
Company Description
Prinx Chengshan Holdings Limited functions as an investment holding company, with its group of subsidiaries primarily engaged in the design, production, commerce, and supply of tires. Its extensive market reach spans the People's Republic of China...
How the Company Makes Money
Prinx Chengshan primarily makes money by manufacturing and selling tires, with revenue recognized from sales of finished tire products to customers through various distribution channels. Its key revenue streams are driven by (1) replacement tire s...
Prinx Chengshan Holdings Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.89B | 11.81B | 10.97B | 9.95B | 8.15B | 7.54B |
| Gross Profit | 2.17B | 2.14B | 2.33B | 2.12B | 1.17B | 1.04B |
| EBITDA | 1.73B | 1.72B | 1.91B | 1.71B | 833.18M | 574.07M |
| Net Income | 993.67M | 1.09B | 1.31B | 1.03B | 393.78M | 276.30M |
Balance Sheet | ||||||
| Total Assets | 12.13B | 11.79B | 11.02B | 10.60B | 9.99B | 9.10B |
| Cash, Cash Equivalents and Short-Term Investments | 956.14M | 1.25B | 704.57M | 726.28M | 1.24B | 835.97M |
| Total Debt | 1.58B | 1.74B | 809.26M | 2.14B | 3.12B | 2.79B |
| Total Liabilities | 4.97B | 4.53B | 4.48B | 5.17B | 5.53B | 5.18B |
| Stockholders Equity | 7.16B | 7.19B | 6.54B | 5.43B | 4.45B | 3.92B |
Cash Flow | ||||||
| Free Cash Flow | 281.80M | 564.12M | 667.78M | 558.58M | 208.12M | -1.02B |
| Operating Cash Flow | 1.29B | 1.12B | 1.25B | 996.80M | 805.42M | 382.13M |
| Investing Cash Flow | -1.09B | -553.08M | -515.28M | -306.31M | -681.67M | -1.34B |
| Financing Cash Flow | 138.06M | -163.12M | -733.82M | -1.13B | 89.88M | 1.14B |
Prinx Chengshan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$10.32B | 10.54 | 5.82% | 3.47% | 5.98% | 13.92% | |
69 Neutral | HK$3.89B | 3.32 | 13.84% | 8.20% | 8.69% | 2.14% | |
69 Neutral | HK$157.17B | 16.87 | 21.68% | 4.96% | 13.06% | -0.41% | |
67 Neutral | HK$8.73B | 25.59 | 6.10% | ― | 15.91% | -37.62% | |
66 Neutral | HK$25.33B | 7.52 | 12.11% | 7.07% | 14.21% | 14.88% | |
64 Neutral | HK$10.21B | 61.78 | 8.53% | 2.16% | 22.18% | 2.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
HK:1809
Prinx Chengshan Holdings Limited
6.10
-0.53
-8.01%
HK:0425
Minth Group
21.62
-11.86
-35.42%
HK:1316
Nexteer Automotive Group
4.11
-2.40
-36.86%
HK:3606
Fuyao Glass Industry Group Co., Ltd. Class H
50.90
-15.54
-23.39%
HK:1057
Zhejiang Shibao Co. Ltd. Class H
3.19
-1.58
-33.14%
HK:9690
TUHU Car Inc. Class A
11.54
-6.14
-34.73%
Prinx Chengshan Holdings Limited Corporate Events
Prinx Chengshan Publishes Unaudited Interim Results for First Half of 2026
Aug 18, 2026
Prinx Chengshan Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 30 June 2026. The interim report, which includes financial statements and management discussion and analysis, will be avail...
Prinx Chengshan Sets August Board Meeting to Approve Interim Results and Dividend Plan
Aug 6, 2026
Prinx Chengshan Holdings Limited has scheduled a board meeting for 18 August 2026 to review and approve the interim results for the six months ended 30 June 2026, and to authorise their publication. The board will also consider the declaration of ...
Prinx Chengshan Secures Major Loan for Malaysian Unit with Control Covenants
Aug 3, 2026
Prinx Chengshan Holdings’ Malaysian subsidiary has secured a five-year term loan facility totaling RMB 1.36 billion and US$15 million from a syndicate led by Bank of China (Hong Kong) and including several Chinese and international banks. Th...
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.