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Fulu Holdings Limited
(2101)
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Rating:64Neutral
Price Target:
HK$1.00
▼(-23.08% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily supported by a conservatively financed balance sheet with very low leverage, but is held back by volatile revenue/profitability and uneven cash-flow conversion (including a sharp free-cash-flow drop in 2025). Technicals are mixed with neutral momentum and weaker short-term signals, while valuation looks reasonable on P/E but lacks dividend yield data.
Positive Factors
Conservative Balance Sheet
Very low leverage and a substantial equity base reduce financial risk and preserve flexibility to fund technology, supplier relationships and enterprise growth without relying heavily on new borrowing.
Negative Factors
Volatile Revenue Performance
The sharp year-to-year swings indicate that demand, product mix or channel activity is not yet consistently predictable. Such volatility can complicate planning, weaken visibility and make sustained growth harder to establish.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a substantial equity base reduce financial risk and preserve flexibility to fund technology, supplier relationships and enterprise growth without relying heavily on new borrowing.
Read all positive factors
Fulu Holdings Limited (2101) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$384.12M
Dividend Yield55.55%
Average Volume (3M)221.33K
Price to Earnings (P/E)12.8
Beta (1Y)0.30
Revenue Growth-8.17%
EPS Growth56.87%
CountryHK
Employees390
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.06
Shares Outstanding408,640,900
10 Day Avg. Volume140,050
30 Day Avg. Volume221,333
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)0.39
Price to Sales (P/S)1.42
P/FCF Ratio3.42
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
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,...
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 ...
Fulu Holdings Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
84
Very Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 330.96M | 359.79M | 560.41M | 479.86M | 399.28M |
| Gross Profit | 258.79M | 254.22M | 416.18M | 359.24M | 295.24M |
| EBITDA | 39.53M | 19.05M | 66.94M | 47.14M | 34.41M |
| Net Income | 27.30M | 20.16M | 91.61M | 97.88M | 68.22M |
Balance Sheet | |||||
| Total Assets | 1.60B | 1.76B | 1.76B | 1.58B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 375.79M | 402.28M | 159.90M | 176.45M | 226.45M |
| Total Debt | 17.04M | 176.55M | 151.46M | 54.21M | 18.70M |
| Total Liabilities | 398.97M | 482.52M | 505.28M | 365.10M | 213.38M |
| Stockholders Equity | 1.22B | 1.30B | 1.27B | 1.22B | 1.16B |
Cash Flow | |||||
| Free Cash Flow | 137.47M | 203.92M | -65.11M | 6.42M | -136.88M |
| Operating Cash Flow | 139.79M | 205.00M | -49.90M | 22.48M | -123.86M |
| Investing Cash Flow | 41.79M | -80.79M | 1.52M | -22.41M | -19.59M |
| Financing Cash Flow | -263.56M | 38.49M | 45.66M | -59.87M | -101.32M |
Fulu Holdings Limited Technical Analysis
Neutral
1.30
Price Trends
0.96
Negative
0.88
Positive
0.91
Positive
Market Momentum
>-0.01
Positive
44.90
Neutral
2.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2101, the sentiment is Neutral. The current price of 1.3 is above the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.96, and above the 200-day MA of 0.91, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 2.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2101.
Fulu Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.46B | 6.93 | 31.59% | 2.82% | 31.51% | 22.05% | |
67 Neutral | HK$287.53B | 16.82 | 6.63% | 3.69% | 7.53% | -57.52% | |
64 Neutral | HK$384.12M | 12.78 | 2.15% | 55.55% | -8.17% | 56.87% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.30B | -7.85 | -3.70% | ― | 11.90% | 25.23% | |
48 Neutral | HK$461.64B | -10.19 | -24.10% | ― | 9.80% | -230.88% | |
41 Neutral | HK$758.47M | -0.08 | 21.77% | 3.96% | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
HK:2101
Fulu Holdings Limited
0.94
0.05
5.26%
HK:3690
Meituan
75.10
-21.45
-22.22%
HK:0493
GOME Retail Holdings
0.01
>-0.01
-47.37%
HK:2209
YesAsia Holdings Limited
3.55
-2.74
-43.54%
HK:9618
JD.com, Inc. Class A
106.20
-20.89
-16.44%
HK:9991
Baozun, Inc. Class A
7.24
-5.20
-41.84%
Fulu Holdings Limited Corporate Events
Fulu Holdings Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 17, 2026
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 cons...
Fulu Holdings Declares Special Cash Dividend to Boost Investor Confidence
Jul 21, 2026
Fulu Holdings Limited has declared a special cash dividend of HK$0.342 per share to reward ongoing shareholder support and bolster investor confidence, stating that it has sufficient funds to cover daily operating expenses and that the payout will...
Fulu Holdings Declares Special Cash Dividend for Shareholders
Jul 21, 2026
Fulu Holdings Limited has announced a special cash dividend of HKD 0.342 per share to its shareholders, to be paid in Hong Kong dollars without any applicable withholding tax. The move underscores the company’s willingness to return surplus ...
Fulu Holdings Sets Board Meeting to Consider Special Dividend
Jul 7, 2026
Fulu Holdings Limited, a Cayman-incorporated firm listed in Hong Kong, operates out of Wuhan, Hubei Province, under a board led by Chairman Fu Xi and a mix of executive and independent non-executive directors. The company is representative of main...
Fulu Holdings Shareholders Unanimously Approve AGM Resolutions and Capital Mandates
Jun 4, 2026
Fulu Holdings Limited reported the poll results of its annual general meeting held in Wuhan on 4 June 2026, where over 402 million shares were eligible to vote after excluding treasury-related holdings subject to abstention rules. All resolutions,...
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.