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Tokyo Chuo Auction Holdings Ltd. (1939) AI Stock Analysis
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Tokyo Chuo Auction Holdings Ltd.
(HKEX:1939)
The score is held back primarily by persistent losses and sharply negative 2026 operating/free cash flow despite a strong revenue rebound. A low-leverage balance sheet provides financial flexibility, and technicals show an established uptrend, but overbought momentum signals add near-term risk. Valuation remains challenged due to negative earnings and no provided dividend yield.
Tokyo Chuo Auction Holdings Ltd. (1939) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 317.37M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.74M
- Price to Earnings (P/E)
- -14.4
- Beta (1Y)
- 0.93
- Revenue Growth
- 73.16%
- EPS Growth
- -10.80%
- Country
- Hong Kong
- Employees
- 33
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Tokyo Chuo Auction Holdings Ltd. Business Overview & Revenue Model
Company Description
Shangshan Gold International Holdings Limited, an investment holding company, provides auction, artwork sales, and related services in Hong Kong and Japan. It offers auctions for Chinese and Japanese artworks, such as paintings and calligraphies, ant...
How the Company Makes Money
The company’s earnings are primarily derived from its auction and market-operations activities, where it facilitates trades and collects fees tied to transaction activity. Key revenue streams typically include (1) commissions or handling fees charged...
Tokyo Chuo Auction Holdings Ltd. Financial Statement Overview
Summary
Financials are mixed. Revenue rebounded strongly in 2026 (+~76% YoY), and the balance sheet is a strength with low leverage (debt-to-equity ~0.12). However, profitability remains weak with net losses for four straight years (2023–2026) and still meaningfully negative 2026 margins (net margin ~-20%, operating margin ~-17%). Cash flow also deteriorated sharply in 2026 (operating cash flow ~-54M; free cash flow ~-55M), showing the recovery has not translated into cash generation.
Income Statement
34NegativeBalance Sheet
68PositiveCash Flow
38Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.44M | 107.44M | 62.05M | 57.85M | 72.76M | 79.60M |
| Gross Profit | 39.20M | 36.78M | 48.48M | 46.78M | 53.32M | 68.97M |
| EBITDA | -11.47M | -11.86M | -11.68M | -18.60M | -686.00K | 22.13M |
| Net Income | -21.77M | -21.77M | -19.46M | -26.89M | -8.29M | 8.43M |
Balance Sheet | ||||||
| Total Assets | 449.77M | 449.77M | 394.96M | 396.64M | 466.00M | 581.08M |
| Cash, Cash Equivalents and Short-Term Investments | 100.26M | 100.26M | 76.46M | 69.05M | 67.28M | 108.70M |
| Total Debt | 34.72M | 34.72M | 43.80M | 52.25M | 53.44M | 68.99M |
| Total Liabilities | 159.59M | 159.59M | 170.38M | 157.69M | 202.91M | 297.06M |
| Stockholders Equity | 287.02M | 287.02M | 221.30M | 235.64M | 259.32M | 279.94M |
Cash Flow | ||||||
| Free Cash Flow | -54.66M | -54.66M | 37.05M | -10.93M | -17.25M | -24.19M |
| Operating Cash Flow | -54.23M | -54.23M | 37.16M | -6.16M | -16.52M | -23.29M |
| Investing Cash Flow | 1.57M | 1.57M | 590.00K | -4.55M | -549.00K | 1.69M |
| Financing Cash Flow | 77.01M | 77.01M | -9.56M | -6.88M | -18.65M | -18.74M |
Tokyo Chuo Auction Holdings Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1939, the sentiment is Negative. The current price of 0.62 is below the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.56, and above the 200-day MA of 0.61, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.57 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1939.
Tokyo Chuo Auction Holdings Ltd. Peers Comparison
Overall Rating
HK:017873Outperform
HK:220969Neutral
HK:234762Neutral
HK:989650Neutral- HK:193948Neutral
HK:049337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0178 | 73Outperform | HKD 4.05B | 19.92 | 16.40% | 2.06% | 11.19% | 160.48% |
| HK:2209 | 69Neutral | HKD 1.21B | 5.64 | 31.59% | 3.46% | 31.51% | 22.05% |
| HK:2347 | 62Neutral | HKD 374.55M | 22.29 | 6.22% | 3.95% | -2.26% | -17.43% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:9896 | 50Neutral | HKD 24.06B | 17.16 | 14.11% | 6.58% | 30.79% | -44.14% |
| HK:1939 | 48Neutral | HKD 317.37M | -14.38 | -8.54% | ― | 73.16% | -10.80% |
| HK:0493 | 37Underperform | HKD 758.47M | -0.08 | 21.77% | ― | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1939 | Tokyo Chuo Auction Holdings Ltd. | 0.62 | -7.73 | -92.57% | |
| HK:0493 | GOME Retail Holdings | 0.01 | -0.01 | -44.44% | |
| HK:2209 | YesAsia Holdings Limited | 2.89 | -1.92 | -39.95% | |
| HK:9896 | MINISO Group Holding Ltd. | 19.82 | -20.46 | -50.80% | |
| HK:0178 | Sa Sa International Holdings Limited | 1.30 | 0.73 | 126.96% | |
| HK:2347 | Yoho Group Holdings Ltd. | 0.76 | 0.14 | 22.19% |
Tokyo Chuo Auction Holdings Ltd. Corporate Events
Shangshan Gold International Updates Board and Committee Structure
Shangshan Gold International Holdings has updated its board composition, naming three executive directors, led by chairman Hou Xiang, alongside a broad slate of independent non-executive directors. The move underscores the company’s emphasis on...
Shangshan Gold Sets Out Board and Committee Structure
Shangshan Gold International Holdings Limited has outlined the current composition of its board of directors, listing one executive director, one non-executive director and three independent non-executive directors. The executive director, Mr. Tong J...
Shangshan Gold Director Zheng Haoran to Step Down in September 2026
Shangshan Gold International Holdings Limited, a Hong Kong-incorporated listed company, maintains a board composed of executive, non-executive and independent non-executive directors, consistent with local corporate governance norms. Its current lead...
Shangshan Gold International Wins Full Shareholder Support at AGM
Shangshan Gold International Holdings Limited, a Hong Kong-incorporated listed company focused on gold-related investments and operating under stock code 1939, convened its annual general meeting with all directors attending either in person or elect...
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: Oct 01, 2026