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Huajin International Holdings Ltd.
(2738)
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Rating:46Neutral
Price Target:
HK$0.24
▼(-16.21% Downside)
Action:Upgraded
Date:09/10/26
The score is held down primarily by weak financial performance—sharp revenue/margin deterioration, negative equity, and persistent cash burn—indicating elevated fundamental risk. Technicals provide some offset due to strong momentum and positive MACD, but the extremely overbought RSI suggests higher near-term reversal risk. Valuation is also constrained by a negative P/E tied to losses and no available dividend yield.
Positive Factors
Historical profitability
Profitability in three prior years demonstrates that the business has previously converted operations into earnings, even though recent results weakened sharply. This history provides some evidence of underlying earnings capacity and a potential base for recovery if operating conditions and execution improve.
Negative Factors
Severe revenue and margin deterioration
The sharp revenue contraction and collapse across gross, operating, and net margins indicate a substantial deterioration in the core earnings engine. Such weakness reduces internal funding capacity, makes recovery dependent on a reversal in operations, and signals limited earnings stability through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical profitability
Profitability in three prior years demonstrates that the business has previously converted operations into earnings, even though recent results weakened sharply. This history provides some evidence of underlying earnings capacity and a potential base for recovery if operating conditions and execution improve.
Read all positive factors
Huajin International Holdings Ltd. (2738) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$150.00M
Dividend Yield3.98%
Average Volume (3M)2.25M
Price to Earnings (P/E)―
Beta (1Y)-1.13
Revenue Growth-85.49%
EPS Growth-1298.48%
CountryHK
Employees987
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-1.43
Shares Outstanding600,000,000
10 Day Avg. Volume6,060,990
30 Day Avg. Volume2,254,596
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.18
Price to Sales (P/S)0.18
P/FCF Ratio-0.58
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
Huajin International Holdings Ltd. Business Overview & Revenue Model
Company Description
Huajin International Holdings Limited functions as an investment holding company, primarily focusing on the production and sale of cold-rolled and galvanized steel across the People's Republic of China and Southeast Asian regions. Its product offe...
Huajin International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 259.88M | 861.27M | 5.90B | 6.59B | 4.66B | 5.29B |
| Gross Profit | -197.66M | -692.77M | 31.67M | 296.55M | -20.13M | 208.75M |
| EBITDA | -273.33M | -780.52M | -79.50M | 173.49M | -105.88M | 120.84M |
| Net Income | -857.39M | -1.27B | -91.03M | 85.66M | -165.30M | 62.04M |
Balance Sheet | ||||||
| Total Assets | 2.29B | 2.34B | 3.72B | 3.79B | 2.80B | 2.40B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67M | 16.73M | 35.27M | 98.39M | 16.09M | 22.57M |
| Total Debt | 2.30B | 2.27B | 2.52B | 2.29B | 1.52B | 1.23B |
| Total Liabilities | 3.24B | 3.19B | 3.29B | 3.27B | 2.37B | 1.82B |
| Stockholders Equity | -958.50M | -849.75M | 422.03M | 512.83M | 425.34M | 586.98M |
Cash Flow | ||||||
| Free Cash Flow | -328.17M | -258.90M | -1.38B | -920.90M | -454.62M | -163.35M |
| Operating Cash Flow | -259.68M | -175.85M | -914.76M | -371.98M | -348.72M | -36.46M |
| Investing Cash Flow | -57.79M | -69.76M | -388.19M | -603.02M | -172.57M | -180.95M |
| Financing Cash Flow | 209.32M | 62.49M | 1.24B | 1.06B | 514.83M | 193.68M |
Huajin International Holdings Ltd. Technical Analysis
Positive
0.29
Price Trends
0.06
Positive
0.07
Positive
0.16
Positive
Market Momentum
0.05
Negative
68.62
Neutral
42.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2738, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.06, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 68.62 is Neutral, neither overbought nor oversold. The STOCH value of 42.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2738.
Huajin International Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$650.70M | 5.91 | 7.76% | 8.00% | -35.49% | -32.38% | |
62 Neutral | HK$243.69M | 1.75 | 7.82% | 2.39% | -39.70% | -51.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | HK$150.00M | -0.10 | 267.35% | 3.98% | -85.49% | -1298.48% | |
45 Neutral | HK$20.57B | -3.80 | -11.45% | 0.38% | -1.22% | 8.37% | |
44 Neutral | HK$13.41B | -3.93 | -18.85% | 6.49% | -6.57% | -6.67% | |
43 Neutral | HK$49.44M | -3.02 | -49.70% | ― | -1.48% | 69.34% |
* Basic Materials Sector Average
HK:2738
Huajin International Holdings Ltd.
0.25
-0.06
-19.35%
HK:0347
Angang Steel Co
1.15
-1.08
-48.43%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.89
-0.51
-36.79%
HK:1553
Maike Tube Industry Holdings Limited
1.50
0.09
6.38%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.24
-0.24
-49.79%
HK:8402
GT Steel Construction Group Limited
0.10
-0.06
-37.20%
Huajin International Holdings Ltd. Corporate Events
Huajin International Denies Inside Information Behind Unusual Share Price Swings
Sep 8, 2026
Huajin International Holdings Ltd. announced that it has observed unusual movements in its share price on the Hong Kong market and, after making reasonable inquiries, stated it is unaware of any specific reasons for the volatility. The board furth...
Huajin International Interim Loss Widens as Revenue Plunges
Aug 31, 2026
Huajin International Holdings Ltd. reported a sharp deterioration in interim performance for the six months ended 30 June 2026, with revenue falling to RMB131.5 million from RMB732.9 million a year earlier. The collapse in top-line and persistent ...
Huajin International Updates Investors on New Court Restrictions Against Top Directors
Aug 30, 2026
Huajin International Holdings has issued an update on court-imposed consumption restriction orders against its chairman Xu Songqing and chief executive officer Chen Chunniu, tied to ongoing enforcement actions involving Haier Financial Leasing Co....
Huajin International Clarifies Independent Director Ou Qiyuan’s Resignation
Aug 24, 2026
Huajin International Holdings Ltd., a Cayman Islands-incorporated holding company listed in Hong Kong under stock code 2738, maintains a governance structure with executive, non-executive and independent non-executive directors. The board is led b...
Huajin International Faces Temporary Governance Non-Compliance After INED Resignation
Aug 21, 2026
Huajin International Holdings Ltd. has announced the resignation of independent non-executive director Mr. Ou Qiyuan, effective 22 August 2026, due to personal matters. His departure also ends his roles on the audit, nomination and compliance comm...
Huajin International Updates Board and Committee Roles Ahead of Governance Overhaul
Aug 21, 2026
Huajin International Holdings Ltd. announced changes to its board composition effective 22 August 2026, confirming Xu Songqing as chairman and Chen Chunniu as chief executive officer among its executive directors, alongside non‑executive dir...
Huajin International sets August board meeting to review 2026 interim results
Aug 17, 2026
Huajin International Holdings has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, and to consider their publication. The board will also deliberate on a possib...
Huajin International Relocates Hong Kong Head Office
Jul 31, 2026
Huajin International Holdings Ltd. has relocated its Hong Kong head office and principal place of business to Room 1808, 18/F, Wang Fai Industrial Building, 29 Luk Hop Street, San Po Kong, effective July 31, 2026. The company’s registered of...
Huajin International Flags New Mainland China Enforcement Case Over RMB 165.6 Million Guarantee Dispute
Jul 21, 2026
Huajin International Holdings Ltd. has disclosed the identification of a new court enforcement case in mainland China arising from a guarantee contract dispute, uncovered during its routine review of judicial records. The enforcement, initiated by...
Huajin International Reveals Judicial Freezes on Equity in PRC Subsidiaries
Jul 2, 2026
Huajin International Holdings has disclosed that equity interests in certain lower-tier mainland China subsidiaries have been judicially frozen in 52 instances, following asset preservation applications by external third-party claimants. The freez...
Huajin International Wins Unanimous Shareholder Backing at 2026 AGM
Jun 25, 2026
Huajin International Holdings Ltd. announced that all resolutions at its 2026 annual general meeting on 25 June were approved by poll, with 419,036,000 votes cast and 100% support for each motion, and no shareholding restrictions or abstention req...
Huajin International Clarifies Court-Imposed Restrictions on Directors and Subsidiaries
Jun 23, 2026
Huajin International Holdings has issued a supplementary announcement clarifying legal disclosures related to consumption restriction orders imposed by PRC courts on certain directors and subsidiaries over group-related indebtedness. The company s...
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.