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Tongda Hong Tai Holdings Ltd
(2363)
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Rating:47Neutral
Price Target:
HK$0.28
▼(-29.23% Downside)
Action:Reiterated
Date:10/03/26
The score is held down primarily by weak financial performance—persistent losses, steep revenue contraction, negative equity, and inconsistent cash generation. Technicals provide partial support with improving short-term momentum, but the longer-term trend remains weak. Valuation is constrained by negative earnings and no indicated dividend yield.
Positive Factors
Gross Margin Improvement
The return to slightly positive gross margins shows that the core offering has improved at the direct-cost level, even though the company remains unprofitable. If maintained, this provides a foundation for operating leverage and could reduce the severity of future losses as revenue stabilizes.
Negative Factors
Severe Revenue Contraction
The multi-year collapse in revenue points to a materially shrinking operating base rather than a temporary fluctuation. Lower scale makes it harder to absorb fixed costs, rebuild profitability, and fund investment, leaving any margin improvement vulnerable unless the company can restore durable demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Improvement
The return to slightly positive gross margins shows that the core offering has improved at the direct-cost level, even though the company remains unprofitable. If maintained, this provides a foundation for operating leverage and could reduce the severity of future losses as revenue stabilizes.
Read all positive factors
Tongda Hong Tai Holdings Ltd (2363) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$57.18M
Dividend YieldN/A
Average Volume (3M)35.40K
Price to Earnings (P/E)―
Beta (1Y)-0.34
Revenue Growth-55.53%
EPS Growth-1300.63%
CountryHK
Employees11
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.19
Shares Outstanding204,224,080
10 Day Avg. Volume20,860
30 Day Avg. Volume35,402
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)-0.39
Price to Sales (P/S)1.19
P/FCF Ratio-22.64
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
Tongda Hong Tai Holdings Ltd Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Tongda Hong Tai Holdings Limited is engaged in the manufacturing and distribution of protective shells for notebooks and tablets across Mainland China. The company's product line also features various as...
Tongda Hong Tai Holdings Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.74M | 64.44M | 71.59M | 91.26M | 150.54M | 370.69M |
| Gross Profit | 4.47M | 2.40M | 3.20M | 331.00K | -113.93M | -110.78M |
| EBITDA | -25.55M | -17.45M | -11.64M | -23.86M | -213.23M | -178.37M |
| Net Income | -38.74M | -23.80M | -25.66M | -37.85M | -231.42M | -196.96M |
Balance Sheet | ||||||
| Total Assets | 121.96M | 124.94M | 164.61M | 87.70M | 146.38M | 433.85M |
| Cash, Cash Equivalents and Short-Term Investments | 90.45M | 84.90M | 85.29M | 6.28M | 7.60M | 11.04M |
| Total Debt | 244.76M | 9.63M | 261.09M | 73.28M | 213.69M | 305.08M |
| Total Liabilities | 330.37M | 321.03M | 336.00M | 320.90M | 349.80M | 476.85M |
| Stockholders Equity | -208.41M | -196.09M | -171.39M | -233.20M | -203.42M | -43.00M |
Cash Flow | ||||||
| Free Cash Flow | 2.22M | -3.38M | 2.24M | -4.76M | -30.90M | -34.26M |
| Operating Cash Flow | 3.73M | -3.38M | 2.24M | -4.17M | -29.71M | -27.66M |
| Investing Cash Flow | 10.21M | 7.45M | 7.74M | 7.46M | -1.33M | -6.49M |
| Financing Cash Flow | -6.46M | -3.70M | 68.37M | -3.97M | 26.53M | 11.60M |
Tongda Hong Tai Holdings Ltd Technical Analysis
Neutral
0.39
Price Trends
0.26
Positive
0.30
Negative
0.32
Negative
Market Momentum
<0.01
Negative
68.24
Neutral
83.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2363, the sentiment is Neutral. The current price of 0.39 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.26, and above the 200-day MA of 0.32, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.24 is Neutral, neither overbought nor oversold. The STOCH value of 83.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2363.
Tongda Hong Tai Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$20.12B | 11.90 | 28.59% | 1.50% | 14.86% | 28.59% | |
66 Neutral | HK$5.97B | 3.51 | 22.89% | 10.94% | 31.14% | 215.73% | |
65 Neutral | HK$53.85B | 20.69 | 6.40% | 0.76% | 4.29% | -49.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | HK$35.59B | 27.42 | 6.00% | 2.29% | 11.05% | 6.56% | |
47 Neutral | HK$57.18M | -1.49 | 19.16% | ― | -55.53% | -1300.63% |
* General Sector Average
HK:2363
Tongda Hong Tai Holdings Ltd
0.28
-0.11
-28.21%
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Tongda Hong Tai Holdings Ltd Corporate Events
Tongda Hong Tai Executive Director Wang Ming Zhi to Step Down in 2026
Sep 30, 2026
Tongda Hong Tai Holdings Ltd has announced the resignation of executive director Wang Ming Zhi, effective 30 September 2026, as he plans to devote more time to other business commitments and work arrangements. The move leaves chairman Chan Shiu Ma...
Tongda Hong Tai Sets Out Board and Committee Structure
Sep 30, 2026
Tongda Hong Tai Holdings Ltd has confirmed its current board composition, outlining a five-director structure that includes one executive chairman and four independent non-executive directors. The prominence of independent directors underscores th...
Tongda Hong Tai Swings to Interim Loss as Revenue Falls Nearly 40%
Aug 28, 2026
Tongda Hong Tai Holdings Limited reported interim results for the six months ended 30 June 2026, with group revenue falling by about 39.2% year-on-year to HK$30.5 million and shifting from a net profit to a net loss. The company recorded a net los...
Tongda Hong Tai Updates Auditor Name Following Rebranding
Aug 28, 2026
Tongda Hong Tai Holdings Limited has announced a change in the official name of its external auditor, which has rebranded from Prism Hong Kong Limited to CLA Prism Hong Kong Limited, with corresponding changes to its Chinese name effective 21 Augu...
Tongda Hong Tai Issues Profit Warning as PC Market Weakness Deepens
Aug 14, 2026
Tongda Hong Tai Holdings Ltd, a Hong Kong–listed electronics supplier, derives its revenue largely from the notebook and tablet computer markets and related components. Its business is sensitive to global trade dynamics and memory chip suppl...
Tongda Hong Tai Sets Board Meeting to Review Interim Results and Possible Dividend
Aug 12, 2026
Tongda Hong Tai Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signa...
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.