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AInnovation Technology Group
(2121)
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Rating:43Neutral
Price Target:
HK$3.50
▼(-5.91% Downside)
Action:Reiterated
Date:08/10/26
The score is held down primarily by continued unprofitability and persistent negative operating/free cash flow, despite a reduced-loss trajectory in 2025 and manageable leverage. Technicals add modest pressure given price below key moving averages and negative MACD, while valuation is difficult to support with a negative P/E and no dividend yield data.
Positive Factors
Revenue Growth
Recovery and multi-year revenue expansion indicate the company is winning more enterprise engagements and scaling deployments. Durable top-line growth supports recurring software and services revenue, helps amortize fixed costs, and creates a firmer foundation for eventual operating leverage and profitability.
Negative Factors
Negative Cash Flow
Persistent negative operating and free cash flow means the business cannot self-fund its expansion and must rely on external financing. Ongoing cash burn limits strategic flexibility, increases dilution or refinancing risk, and constrains the company’s ability to sustain investments needed to convert improved revenue into lasting profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Recovery and multi-year revenue expansion indicate the company is winning more enterprise engagements and scaling deployments. Durable top-line growth supports recurring software and services revenue, helps amortize fixed costs, and creates a firmer foundation for eventual operating leverage and profitability.
Read all positive factors
AInnovation Technology Group (2121) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.21B
Dividend YieldN/A
Average Volume (3M)922.36K
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue Growth26.08%
EPS Growth38.72%
CountryHK
Employees835
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.48
Shares Outstanding563,544,430
10 Day Avg. Volume1,935,350
30 Day Avg. Volume922,356
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)2.21
Price to Sales (P/S)1.76
P/FCF Ratio-41.36
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)-0.26
Revenue Forecast (FY)HK$1.82B
AInnovation Technology Group Business Overview & Revenue Model
Company Description
Qingdao AInnovation Technology Group Co., Ltd., through its various subsidiaries, focuses on developing, researching, and selling artificial intelligence-powered software and hardware solutions across China. The company's core offerings include Ma...
How the Company Makes Money
AInnovation generally generates revenue by providing AI solutions to business customers through a mix of software and solution delivery. Key revenue streams typically include: (1) AI software/platform revenue, where customers pay for the use of th...
AInnovation Technology Group Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.51B | 1.22B | 1.75B | 1.56B | 861.17M |
| Gross Profit | 529.09M | 423.07M | 588.49M | 507.08M | 267.24M |
| EBITDA | -171.40M | -360.91M | -478.39M | -281.06M | -587.78M |
| Net Income | -250.08M | -593.81M | -582.34M | -363.04M | -635.12M |
Balance Sheet | |||||
| Total Assets | 2.26B | 2.62B | 3.29B | 3.27B | 2.26B |
| Cash, Cash Equivalents and Short-Term Investments | 867.97M | 1.22B | 1.45B | 1.80B | 1.59B |
| Total Debt | 162.33M | 181.06M | 156.39M | 147.70M | 87.57M |
| Total Liabilities | 881.75M | 910.90M | 1.07B | 909.47M | 469.60M |
| Stockholders Equity | 1.21B | 1.54B | 2.03B | 2.27B | 1.79B |
Cash Flow | |||||
| Free Cash Flow | -64.47M | -39.80M | -186.59M | -325.90M | -288.77M |
| Operating Cash Flow | -43.80M | -35.79M | -180.32M | -304.30M | -236.77M |
| Investing Cash Flow | -106.93M | -29.71M | -188.70M | -292.81M | -46.99M |
| Financing Cash Flow | -223.20M | -74.02M | 75.83M | 685.69M | 800.16M |
AInnovation Technology Group Technical Analysis
Positive
3.72
Price Trends
3.89
Positive
4.07
Negative
4.79
Negative
Market Momentum
<0.01
Negative
53.47
Neutral
60.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2121, the sentiment is Positive. The current price of 3.72 is below the 20-day moving average (MA) of 3.84, below the 50-day MA of 3.89, and below the 200-day MA of 4.79, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.47 is Neutral, neither overbought nor oversold. The STOCH value of 60.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2121.
AInnovation Technology Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
89 Outperform | HK$890.88M | 9.33 | 14.66% | 1.99% | 9.40% | 79.53% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | HK$2.34B | -4.31 | -10.08% | ― | -28.80% | -252.24% | |
44 Neutral | HK$701.23M | -13.50 | -11.42% | ― | ― | ― | |
43 Neutral | HK$2.21B | -6.58 | -22.29% | ― | 26.08% | 38.72% | |
38 Underperform | HK$8.01B | -1.11 | -261.95% | 8.29% | 9.21% | -5994.15% |
* Technology Sector Average
HK:2121
AInnovation Technology Group
3.93
-4.06
-50.81%
HK:6608
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5.09
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-53.47%
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5.03
0.67
15.25%
HK:2567
Qiniu Limited
0.34
-1.14
-77.21%
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Unisound AI Technology Co., Ltd.
86.00
-524.50
-85.91%
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Mininglamp Technology Class A
51.40
-239.20
-82.31%
AInnovation Technology Group Corporate Events
AINNOVATION Technology Steps Up Share Buy-Backs to Signal Confidence
Jul 2, 2026
AINNOVATION Technology Group has updated investors on its previously announced share repurchase programme, authorized under a general mandate of up to HK$100 million approved at its May 2026 annual general meeting. The technology company is using ...
AInnovation Sells Controlling Stake in Subsidiary to Shanghai Lansu for RMB20.1 Million
Jun 11, 2026
AInnovation Technology Group has agreed to sell a 33.5% stake in one of its subsidiaries, referred to as the Target Company, to Shanghai Lansu for RMB20.1 million. The deal, signed on 11 June 2026, values the Target Company based on an independent...
AInnovation Shareholders Approve Governance Overhaul and Capital Mandates at AGM
May 15, 2026
Shareholders of AInnovation Technology Group approved all resolutions at the annual general meeting held on 15 May 2026, including the 2025 annual report, board and supervisory committee reports, and the reappointment of the auditor for 2026. Inve...
AInnovation Technology Group Updates Board Composition and Committee Roles
May 15, 2026
AInnovation Technology Group has published the current composition of its board of directors, naming Xu Hui as executive director and chief executive officer, Kai-Fu Lee as non-executive chairman, along with additional non-executive, independent n...
AInnovation Technology Group Launches HK$100 Million Share Buyback Plan
May 15, 2026
AInnovation Technology Group has announced that its board will exercise a previously granted mandate to repurchase up to 10% of its issued shares, with a maximum budget of HK$100 million. The buyback will be conducted in the open market on the Hon...
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.