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Fulu Holdings Limited (2101) AI Stock Analysis
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Fulu Holdings Limited
(HKEX:2101)
The score is driven primarily by solid financial positioning (very low leverage and sizeable equity base) but tempered by volatile operating performance and uneven cash conversion, including a sharp free-cash-flow decline in 2025. Technically, the stock is in an uptrend but appears overbought, while valuation is a headwind due to a high P/E and no dividend support.
Fulu Holdings Limited (2101) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 479.10M
- Dividend Yield
- ―
- Average Volume (3M)
- 137.14K
- Price to Earnings (P/E)
- 36.0
- Beta (1Y)
- 0.25
- Revenue Growth
- -8.17%
- EPS Growth
- 56.87%
- Country
- Hong Kong
- Employees
- 390
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Fulu Holdings Limited Business Overview & Revenue Model
Company Description
Fulu Holdings Limited, an investment firm, manages a prominent third-party platform for digital merchandise and services throughout the People's Republic of China. Its operations are structured across four key divisions: Leisure and Entertainment, Ga...
How the Company Makes Money
Fulu Holdings Limited primarily makes money by facilitating transactions of digital goods and digital rights (e.g., gift cards, prepaid codes, and digital vouchers) between upstream issuers/suppliers (brands, telecom operators, digital content or ser...
Fulu Holdings Limited Financial Statement Overview
Summary
Financials are mixed: a very strong balance sheet with extremely low leverage supports resilience, but operating results are choppy with volatile revenue and profitability still below prior peak levels. Cash flow is positive recently, yet historically uneven and free cash flow dropped sharply in 2025.
Income Statement
63PositiveBalance Sheet
84Very PositiveCash Flow
57Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 330.96M | 330.96M | 359.79M | 560.41M | 479.86M | 399.28M |
| Gross Profit | 258.79M | 258.79M | 254.22M | 416.18M | 359.24M | 295.24M |
| EBITDA | 58.74M | 58.74M | 35.63M | 81.52M | 56.55M | 38.57M |
| Net Income | 27.30M | 27.30M | 20.16M | 91.61M | 97.88M | 68.22M |
Balance Sheet | ||||||
| Total Assets | 1.60B | 1.60B | 1.76B | 1.76B | 1.58B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 372.81M | 375.79M | 402.28M | 159.90M | 176.45M | 226.45M |
| Total Debt | 17.04M | 17.04M | 176.55M | 151.46M | 54.21M | 18.70M |
| Total Liabilities | 398.80M | 398.97M | 482.52M | 505.28M | 365.10M | 213.38M |
| Stockholders Equity | 1.22B | 1.22B | 1.30B | 1.27B | 1.22B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | 238.86M | 137.47M | 203.92M | -65.11M | 6.42M | -136.88M |
| Operating Cash Flow | 241.24M | 139.79M | 205.00M | -49.90M | 22.48M | -123.86M |
| Investing Cash Flow | 46.10M | 41.79M | -80.79M | 1.52M | -22.41M | -19.59M |
| Financing Cash Flow | -272.70M | -263.56M | 38.49M | 45.66M | -59.87M | -101.32M |
Fulu Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2101, the sentiment is Positive. The current price of 1.18 is above the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.97, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 70.62 is Negative, neither overbought nor oversold. The STOCH value of 70.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2101.
Fulu Holdings Limited Peers Comparison
Overall Rating
HK:220969Neutral
HK:961866.6Neutral- HK:210163Neutral
HK:999162Neutral
HK:369043Neutral
HK:049337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2209 | 69Neutral | HKD 1.21B | 5.64 | 31.59% | 3.46% | 31.51% | 22.05% |
| HK:9618 | 67Neutral | HKD 273.63B | 15.80 | 6.63% | 3.91% | 7.53% | -57.52% |
| HK:2101 | 63Neutral | HKD 482.20M | 36.02 | 0.98% | ― | -8.17% | 56.87% |
| HK:9991 | 62Neutral | HKD 1.59B | -9.57 | -3.70% | ― | 11.90% | 25.23% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:3690 | 43Neutral | HKD 442.17B | -9.66 | -24.10% | ― | 9.80% | -230.88% |
| 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:2101 | Fulu Holdings Limited | 1.18 | 0.09 | 8.66% | |
| HK:3690 | Meituan | 71.60 | -30.70 | -30.01% | |
| HK:0493 | GOME Retail Holdings | 0.01 | -0.01 | -44.44% | |
| HK:2209 | YesAsia Holdings Limited | 2.89 | -1.92 | -39.95% | |
| HK:9618 | JD.com, Inc. Class A | 100.40 | -22.35 | -18.21% | |
| HK:9991 | Baozun, Inc. Class A | 8.88 | 0.47 | 5.65% |
Fulu Holdings Limited Corporate Events
Fulu Holdings Publishes Unaudited 2026 Interim Results and Confirms Board Composition
Fulu Holdings Limited has released its unaudited interim results for the six months ended 30 June 2026, meeting the disclosure requirements of the Hong Kong Stock Exchange. The interim report, which includes financial statements, management discussio...
Fulu Holdings Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Fulu Holdings Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company, its subsidiaries and consolidated affiliated entities. The board will also conside...
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 27, 2026