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VCREDIT Holdings Limited
(2003)
Select Model
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Rating:53Neutral
Price Target:
HK$1.00
▲(7.53% Upside)
Action:Reiterated
Date:09/18/26
The score is held back primarily by weak and volatile financial performance, highlighted by the recent swing to a net loss. Technicals are moderately supportive with a near-term uptrend, but overbought signals add risk. Valuation is mixed: a very high dividend yield is a positive, but the negative P/E reflects loss-making results.
Positive Factors
Digital consumer finance platform
The digital model centers on technology-enabled credit assessment, loan facilitation, and post-origination management. This integrated platform can support scalable delivery of consumer credit and gives the company several operating functions through which to manage borrower relationships.
Negative Factors
Sharp swing to net loss
The swing from a 17.5% net margin in 2024 to -12.1% in 2025, alongside negative operating profitability, shows that revenue recovery is not converting reliably into earnings. Such instability weakens forecasting confidence and can constrain capital generation for future growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital consumer finance platform
The digital model centers on technology-enabled credit assessment, loan facilitation, and post-origination management. This integrated platform can support scalable delivery of consumer credit and gives the company several operating functions through which to manage borrower relationships.
Read all positive factors
VCREDIT Holdings Limited (2003) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$559.02M
Dividend Yield21.1%
Average Volume (3M)39.67K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-32.03%
EPS Growth-235.24%
CountryHK
Employees580
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.56
Shares Outstanding489,459,780
10 Day Avg. Volume59,860
30 Day Avg. Volume39,673
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.28
Price to Sales (P/S)0.57
P/FCF Ratio0.43
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
VCREDIT Holdings Limited Business Overview & Revenue Model
Company Description
VCREDIT Holdings Limited functions as an investment holding company, specializing in providing consumer financial services to prime and near-prime borrowers throughout China. Its product portfolio encompasses credit card balance transfers and vari...
VCREDIT Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26B | 1.92B | 2.73B | 2.84B | 1.77B | 2.98B |
| Gross Profit | 815.72M | 2.64B | 2.73B | 1.47B | 1.24B | 1.97B |
| EBITDA | -689.75M | -313.60M | 0.00 | 0.00 | 748.90M | 1.56B |
| Net Income | -762.41M | -559.81M | 478.17M | 453.91M | 532.47M | 1.18B |
Balance Sheet | ||||||
| Total Assets | 5.46B | 9.33B | 11.71B | 11.93B | 10.10B | 11.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 2.09B | 1.69B | 1.64B | 2.13B | 2.45B |
| Total Debt | 559.42M | 3.06B | 2.27B | 5.62B | 4.54B | 7.01B |
| Total Liabilities | 1.51B | 5.38B | 7.10B | 7.77B | 6.28B | 7.88B |
| Stockholders Equity | 3.94B | 3.95B | 4.61B | 4.17B | 3.82B | 3.39B |
Cash Flow | ||||||
| Free Cash Flow | 7.24B | 2.54B | 1.42B | -1.37B | 3.01B | -1.04B |
| Operating Cash Flow | 7.26B | 2.57B | 1.46B | -1.34B | 3.04B | -1.02B |
| Investing Cash Flow | -28.36M | -184.09M | 45.83M | 70.36M | -176.11M | -122.74M |
| Financing Cash Flow | -7.15B | -2.69B | -714.17M | 580.52M | -3.18B | 1.55B |
VCREDIT Holdings Limited Technical Analysis
Positive
0.93
Price Trends
0.96
Positive
0.99
Positive
1.47
Negative
Market Momentum
0.07
Negative
60.02
Neutral
72.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2003, the sentiment is Positive. The current price of 0.93 is below the 20-day moving average (MA) of 1.04, below the 50-day MA of 0.96, and below the 200-day MA of 1.47, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.02 is Neutral, neither overbought nor oversold. The STOCH value of 72.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2003.
VCREDIT Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$795.60M | 6.10 | 7.71% | 5.50% | 92.42% | 2.11% | |
80 Outperform | HK$576.00M | 12.48 | 4.89% | 7.99% | -17.07% | -5.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$3.81B | 7.79 | 10.90% | 6.42% | 4.43% | 6.41% | |
65 Neutral | HK$318.60M | 5.03 | 2.66% | 5.15% | -2.05% | 14.16% | |
54 Neutral | HK$578.64M | -2.83 | -24.06% | ― | 33.07% | -135.86% | |
53 Neutral | HK$559.02M | -0.65 | -19.32% | 21.10% | -32.03% | -235.24% |
* Financial Sector Average
HK:2003
VCREDIT Holdings Limited
1.19
-2.14
-64.31%
HK:2051
51 Credit Card Inc.
0.34
-0.46
-57.50%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
9.12
2.29
33.55%
HK:1577
Quanzhou Huixin Micro-credit Co., Ltd. Class H
1.05
0.17
18.89%
HK:1669
Global International Credit Group Ltd.
1.44
0.62
75.40%
HK:6866
Zuoli Kechuang Micro-finance Co. Ltd. Class H
0.27
-0.03
-10.00%
VCREDIT Holdings Limited Corporate Events
VCREDIT Interim Profit Plunges as Consumer Credit Weakens
Aug 24, 2026
VCREDIT Holdings reported a sharp downturn in unaudited interim results for the six months to June 30, 2026, as total income fell 61.2% year-on-year to RMB969.2 million and net profit dropped 94.5% to RMB12 million amid weak consumer credit demand...
VCREDIT Sets August Board Meeting to Approve 2026 Interim Results
Aug 11, 2026
VCREDIT Holdings Limited has scheduled a board meeting in Hong Kong on 24 August 2026 to review and approve the unaudited financial statements and interim results for the six months ended 30 June 2026. The board will also consider the declaration ...
VCREDIT Drops Planned Acquisition of Portuguese Bank BPG After Regulatory Setback
Aug 7, 2026
VCREDIT Holdings Limited has terminated its planned acquisition of up to 100% of Banco Português de Gestão, S.A. after a required regulatory condition was not satisfied by the agreed deadline. The decision releases both VCREDIT and the s...
VCREDIT Warns of Sharp Profit Drop Amid Tighter China Fintech Rules
Aug 5, 2026
VCREDIT Holdings Limited, a Hong Kong-listed fintech lender serving the Chinese consumer credit market, operates online loan facilitation services in cooperation with commercial banks. Its revenue and earnings are closely tied to loan origination ...
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.