Fulu Holdings Limited (2101) AI Stock Analysis

• Market Cap: HK$604.79M
• Dividend Yield: N/A
• Average Volume (3M): 158.57K
• Price to Earnings (P/E): 40.7
• Beta (1Y): 0.33
• Revenue Growth: -36.58%
• EPS Growth: -84.25%
• Country: HK
• Employees: 976
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.08
• Shares Outstanding: 408,640,900
• 10 Day Avg. Volume: 18,900
• 30 Day Avg. Volume: 158,566
• PEG Ratio: -0.46
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 2.03
• P/FCF Ratio: 3.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: HK$1.50 ▼(-8.54% Downside)

Fulu Holdings Limited's overall stock score is driven primarily by its stable financial position and low leverage, which are positive factors. However, the high P/E ratio suggests potential overvaluation, and the technical indicators show a neutral trend. The lack of earnings call and corporate events data limits further insights.

Fulu Holdings Limited Business Overview & Revenue Model

Company Description

Fulu Holdings Limited (2101) is a Hong Kong-based investment holding company that primarily operates in the technology sector. The company focuses on the development and provision of innovative solutions, primarily in the e-commerce and financial services industries. Fulu Holdings leverages advanced technology to enhance online retail experiences and streamline payment processing, catering to a diverse clientele in various markets.

How the Company Makes Money

Fulu Holdings generates revenue through multiple streams, primarily from its e-commerce platform and financial service solutions. The company earns money by charging transaction fees on sales made through its platform, as well as subscription fees for premium services offered to merchants. Additionally, Fulu Holdings may engage in partnerships with other technology firms and financial institutions to provide integrated solutions, which can lead to revenue sharing agreements. The growth of its user base and transaction volume directly impacts its earnings, making customer acquisition and retention critical to its revenue model.

Fulu Holdings Limited Financial Statement Overview

Summary

Fulu Holdings Limited demonstrates a stable financial position with strong equity and low leverage. While profitability margins are healthy, the recent decline in revenue growth is a concern. Cash flow generation is improving, but historical fluctuations warrant caution. Overall, the company is positioned well but should focus on enhancing operational efficiencies and stabilizing revenue growth.

Income Statement

Fulu Holdings Limited shows a mixed performance in its income statement. The TTM data indicates a decline in revenue growth rate by 5.67%, which is concerning. However, the company maintains a healthy gross profit margin of 69.43% and a net profit margin of 4.35%. The EBIT and EBITDA margins are relatively low at 2.10% and 2.97%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The balance sheet of Fulu Holdings Limited is strong, with a low debt-to-equity ratio of 0.079, indicating low financial leverage. The return on equity is modest at 1.07%, reflecting limited profitability from shareholders' equity. The equity ratio stands at 75.01%, showcasing a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals positive trends with a free cash flow growth rate of 12.66% in the TTM period. The operating cash flow to net income ratio is 0.58, and the free cash flow to net income ratio is 0.99, indicating efficient cash generation relative to net income. However, historical volatility in cash flows suggests potential risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	321.18M	359.79M	560.41M	479.86M	399.28M	328.21M
Gross Profit	222.99M	254.22M	416.18M	359.24M	295.24M	260.36M
EBITDA	9.55M	19.05M	66.94M	47.14M	34.41M	132.59M
Net Income	13.98M	20.16M	91.61M	97.88M	68.22M	120.90M
Balance Sheet
Total Assets	1.77B	1.76B	1.76B	1.58B	1.38B	1.39B
Cash, Cash Equivalents and Short-Term Investments	481.30M	402.28M	159.90M	176.45M	226.45M	461.88M
Total Debt	104.96M	176.55M	151.46M	54.21M	18.70M	142.82M
Total Liabilities	460.74M	482.52M	505.28M	365.10M	213.38M	287.74M
Stockholders Equity	1.32B	1.30B	1.27B	1.22B	1.16B	1.11B
Cash Flow
Free Cash Flow	263.00M	203.92M	-65.11M	6.42M	-136.88M	-187.43M
Operating Cash Flow	264.61M	205.00M	-49.90M	22.48M	-123.86M	-185.86M
Investing Cash Flow	-125.68M	-80.79M	1.52M	-22.41M	-19.59M	-2.98M
Financing Cash Flow	-69.13M	38.49M	45.66M	-59.87M	-101.32M	647.00M

Fulu Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.64 is above the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.49, and above the 200-day MA of 1.60, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 69.46 is Neutral, neither overbought nor oversold. The STOCH value of 68.90 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6033	―	HK$282.63M	12.50	4.61%	7.14%	-3.00%	-59.89%
2101	―	HK$604.79M	40.66	1.04%	―	-36.58%	-84.25%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1939	―	HK$4.47B	-230.08	-8.52%	―	7.26%	27.70%
1020	―	HK$630.09M	―	-363.59%	―	-37.11%	-223.08%
6188	―	€531.88M	―	―	―	-4.97%	-92.27%
0493	―	HK$885.56M	―	―	―	49.53%	22.07%

Fulu Holdings Limited Corporate Events

Fulu Holdings Limited Announces Change of Auditor

Fulu Holdings Limited, a company incorporated in the Cayman Islands, has announced a change in its auditor due to an inability to agree on audit fees with Ernst & Young (EY). EY resigned effective 23 September 2025, and HLB Hodgson Impey Cheng Limited has been appointed as the new auditor. The change is not expected to impact the company’s annual audit for the financial year ending 31 December 2025. The decision was made to implement more effective cost control measures and reduce overall operating expenses, which the Board believes is in the best interest of the company and its shareholders.

The most recent analyst rating on (HK:2101) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Fulu Holdings Limited stock, see the HK:2101 Stock Forecast page.

Fulu Holdings Clarifies Interim Report Classification Errors

Fulu Holdings Limited has issued a clarification announcement regarding classification errors in its unaudited interim condensed consolidated statements of financial position for the six months ended 30 June 2025. The errors involved misclassifying certain financial assets, which have now been corrected in the updated interim balance sheet. This correction is crucial for stakeholders as it ensures the accuracy and reliability of the company’s financial reporting, potentially impacting investor confidence and the company’s market positioning.

The most recent analyst rating on (HK:2101) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Fulu Holdings Limited stock, see the HK:2101 Stock Forecast page.

Fulu Holdings Limited Releases 2025 Interim Results

Fulu Holdings Limited has announced its unaudited interim results for the first half of 2025, reflecting compliance with the listing requirements of the Hong Kong Stock Exchange. The interim report will be available on the company’s website and distributed to shareholders who prefer printed copies, indicating transparency and shareholder engagement.

The most recent analyst rating on (HK:2101) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Fulu Holdings Limited stock, see the HK:2101 Stock Forecast page.

Fulu Holdings Announces Key Leadership Changes

Fulu Holdings Limited has announced a change in its company secretary, authorised representative, and process agent roles. Ms. Ng Ka Man has resigned from these positions due to other work arrangements, and Mr. Chow Tsz Ho has been appointed as her successor, effective August 28, 2025. Mr. Chow brings approximately seven years of experience in the company secretarial field and is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the UK. The board expressed gratitude for Ms. Ng’s contributions and welcomed Mr. Chow to his new role.

The most recent analyst rating on (HK:2101) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Fulu Holdings Limited stock, see the HK:2101 Stock Forecast page.

Fulu Holdings Schedules Board Meeting to Review Interim Results

Fulu Holdings Limited has announced a board meeting scheduled for August 28, 2025, to discuss and approve the interim financial results for the first half of the year ending June 30, 2025. The meeting will also consider the possibility of declaring an interim dividend, which could impact the company’s financial strategy and shareholder returns.