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AInnovation Technology Group
(2121)
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Rating:42Neutral
Price Target:
HK$3.50
▼(-5.91% Downside)
Action:Reiterated
Date:09/15/26
The score is held down primarily by persistent unprofitability and ongoing cash burn (negative operating and free cash flow). Technicals also remain bearish with the price below all key moving averages and negative MACD. Low leverage and a meaningful reduction in losses in 2025 provide some support, but the turnaround is not yet reflected in sustained profitability or cash generation.
Positive Factors
Revenue rebound and scale
Revenue expansion in 2025 and substantial growth versus 2020 indicate that the business can regain scale after disruption. A larger revenue base can support broader customer adoption and improve operating leverage if future growth is sustained.
Negative Factors
Persistent unprofitability
A negative net margin means the company is still converting revenue into losses rather than durable earnings. Persistent operating losses can constrain reinvestment, weaken equity value over time, and make the business model dependent on further execution improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and scale
Revenue expansion in 2025 and substantial growth versus 2020 indicate that the business can regain scale after disruption. A larger revenue base can support broader customer adoption and improve operating leverage if future growth is sustained.
Read all positive factors
AInnovation Technology Group (2121) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.97B
Dividend YieldN/A
Average Volume (3M)985.95K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth26.08%
EPS Growth38.72%
CountryHK
Employees835
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.51
Shares Outstanding563,544,430
10 Day Avg. Volume1,025,630
30 Day Avg. Volume985,951
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.63B | 1.51B | 1.22B | 1.75B | 1.56B | 861.17M |
| Gross Profit | 573.94M | 529.09M | 423.07M | 588.49M | 507.08M | 267.24M |
| EBITDA | -150.55M | -147.09M | -325.12M | -478.39M | -281.06M | -587.78M |
| Net Income | -258.13M | -250.08M | -593.81M | -582.34M | -363.04M | -635.12M |
Balance Sheet | ||||||
| Total Assets | 2.01B | 2.26B | 2.62B | 3.29B | 3.27B | 2.26B |
| Cash, Cash Equivalents and Short-Term Investments | 745.26M | 867.97M | 1.22B | 1.45B | 1.80B | 1.59B |
| Total Debt | 94.23M | 162.33M | 181.06M | 156.39M | 147.70M | 87.57M |
| Total Liabilities | 751.56M | 881.75M | 910.90M | 1.07B | 909.47M | 469.60M |
| Stockholders Equity | 1.11B | 1.21B | 1.54B | 2.03B | 2.27B | 1.79B |
Cash Flow | ||||||
| Free Cash Flow | -67.76M | -64.47M | -39.80M | -186.59M | -325.90M | -288.77M |
| Operating Cash Flow | -47.58M | -43.80M | -35.79M | -180.32M | -304.30M | -236.77M |
| Investing Cash Flow | -73.06M | -106.93M | -29.71M | -188.70M | -292.81M | -46.99M |
| Financing Cash Flow | -158.99M | -223.20M | -74.02M | 75.83M | 685.69M | 800.16M |
AInnovation Technology Group Technical Analysis
Negative
3.72
Price Trends
3.56
Negative
3.77
Negative
4.38
Negative
Market Momentum
0.03
Positive
48.44
Neutral
28.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2121, the sentiment is Negative. The current price of 3.72 is above the 20-day moving average (MA) of 3.53, above the 50-day MA of 3.56, and below the 200-day MA of 4.38, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 28.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$696.00M | 7.23 | 14.66% | 2.50% | 9.40% | 79.53% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$2.78B | -5.07 | -10.08% | ― | -28.80% | -252.24% | |
43 Neutral | HK$661.16M | -12.62 | -11.42% | ― | ― | ― | |
42 Neutral | HK$1.97B | -5.83 | -22.29% | ― | 26.08% | 38.72% | |
40 Underperform | HK$4.39B | -0.61 | -261.95% | 8.29% | 9.21% | -5994.15% |
* Technology Sector Average
HK:2121
AInnovation Technology Group
3.50
-3.20
-47.76%
HK:6608
Bairong, Inc. Class B
5.97
-3.88
-39.39%
HK:2167
TI Cloud Inc.
4.00
-2.01
-33.47%
HK:2567
Qiniu Limited
0.33
-0.45
-57.69%
HK:9678
Unisound AI Technology Co., Ltd.
55.35
-456.65
-89.19%
HK:2718
Mininglamp Technology Class A
28.74
-261.86
-90.11%
AInnovation Technology Group Corporate Events
AInnovation Technology Steps Up Share Buy-Backs Under HK$100 Million Mandate
Oct 2, 2026
AInnovation Technology Group has updated investors on its ongoing share repurchase programme, launched under a shareholder-approved mandate of up to HK$100 million. In September 2026, the company bought back 1,484,300 shares on the open market for...
AInnovation Revises Terms on Underperforming Qingdao ALP Acquisition
Aug 26, 2026
AInnovation Technology Group has issued a supplemental announcement regarding its 2022 agreement to acquire a 51% equity interest in Qingdao AInnovation ALP Intelligent Industrial Technology Co., Ltd. for RMB122.4 million. The deal structure ties ...
AInnovation lifts interim revenue but remains loss-making as product sales dominate
Aug 26, 2026
AInnovation Technology Group reported interim unaudited results for the six months to 30 June 2026 showing revenue rising to RMB 828.98 million from RMB 698.98 million a year earlier, driven mainly by growth in product and solution sales. Despite ...
AInnovation Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 13, 2026
AInnovation Technology Group Co., Ltd. has scheduled a board meeting for 26 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to recommend the payment of an ...
AINNOVATION Technology Signals Return to Profit on Strong Demand and Efficiency Gains
Aug 11, 2026
AINNOVATION Technology Group has signaled a turnaround in its financial performance, projecting an adjusted net profit of RMB2,000-4,000 thousand for the six months ended 30 June 2026. This compares with an adjusted net loss of RMB6,681 thousand a...
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.