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Huajin International Holdings Ltd. (2738) AI Stock Analysis

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HK:2738

Huajin International Holdings Ltd.

(HKEX:2738)

Select Model
Rating:40Underperform
Price Target:HKD 0.10â–²(0.97% Upside)
Action:downgraded
Date:10/27/26

The score is driven primarily by very weak financial performance (sharp revenue/margin collapse, negative equity, and persistent cash burn). Technical indicators also point to a weak downtrend and bearish momentum, while valuation is unattractive due to ongoing losses and no dividend data to offset risk.

Positive Factors
Prior profitabilityProfitability in three prior years shows the business has demonstrated an ability to generate earnings under some operating conditions. Although recent results have deteriorated sharply, this history indicates that recovery is not entirely unsupported by past performance.
Negative Factors
Severe revenue and margin collapseThe sharp revenue contraction and broad margin deterioration indicate severe weakening in the core earnings engine. Deeply negative profitability reduces internally generated capital, limits resilience through the cycle, and makes a durable recovery dependent on restoring both sales and operating efficiency.

Huajin International Holdings Ltd. (2738) vs. iShares MSCI Hong Kong ETF (EWH)

-100%-75%-50%-25%0%25%50%75%HK:2738-55.22%EWH+10.21%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 61.80M
Dividend Yield
―
Average Volume (3M)
2.24M
Price to Earnings (P/E)
-0.1
Beta (1Y)
-2.11
Revenue Growth
-92.16%
EPS Growth
-38.96%
Country
Hong Kong
Employees
987
Sector
Basic Materials
Sector Strength
61
Industry
Steel

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 offerin...

Huajin International Holdings Ltd. Financial Statement Overview

Summary

Financials appear highly stressed: 2025 saw ~75% revenue decline and deeply negative margins with a large net loss. The balance sheet deteriorated to negative equity with elevated debt, and operating/free cash flow have been persistently negative, indicating ongoing cash burn and heightened solvency/refinancing risk.

Income Statement

12Very Negative

Balance Sheet

18Very Negative

Cash Flow

14Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue259.88M861.27M5.90B6.59B4.66B5.29B
Gross Profit-197.66M-692.77M31.67M296.55M-20.13M208.75M
EBITDA-262.44M-773.62M-75.70M177.59M-105.88M124.47M
Net Income-857.39M-1.27B-91.03M85.66M-165.30M62.04M
Balance Sheet
Total Assets2.29B2.34B3.72B3.79B2.80B2.40B
Cash, Cash Equivalents and Short-Term Investments2.67M16.73M35.27M98.39M16.09M22.57M
Total Debt2.30B2.27B2.52B2.29B1.52B1.23B
Total Liabilities3.24B3.19B3.29B3.27B2.37B1.82B
Stockholders Equity-958.50M-849.75M422.03M512.83M425.34M586.98M
Cash Flow
Free Cash Flow-346.67M-258.90M-1.38B-920.90M-454.62M-163.35M
Operating Cash Flow-276.75M-175.85M-914.76M-371.98M-348.72M-36.46M
Investing Cash Flow-59.21M-69.76M-388.19M-603.02M-172.57M-180.95M
Financing Cash Flow228.15M62.49M1.24B1.06B514.83M193.68M

Huajin International Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.10

Price Trends

50DMA0.14Negative
100DMA0.09Positive
200DMA0.14Negative

Market Momentum

MACD-0.01Positive
RSI36.42Neutral
STOCH11.64Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2738, the sentiment is Negative. The current price of 0.10 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 11.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2738.

Huajin International Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:2738 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1553HK:155365NeutralHKD 607.32M5.497.76%8.57%-35.49%-32.38%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:1938HK:193846NeutralHKD 173.92M1.227.82%―-39.70%-51.97%
HK:1053HK:105344NeutralHKD 12.68B-3.73-19.70%―-7.86%-38.20%
HK:8402HK:840242NeutralHKD 95.76M-7.41-28.01%―-1.48%69.10%
HK:2738HK:273840UnderperformHKD 61.80M-0.0694.83%―-92.16%-38.96%
HK:0347HK:034739UnderperformHKD 19.47B-3.02-14.44%―-1.18%-55.60%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%HK:2738HK:0347HK:1053HK:1553HK:1938HK:8402Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:2738 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2738Huajin International Holdings Ltd.0.10-0.12-53.18%
HK:0347Angang Steel Co Class H1.02-1.14-52.55%
HK:1053Chongqing Iron & Steel Co., Ltd. Class H0.81-0.58-42.09%
HK:1553Maike Tube Industry Holdings Limited1.40-0.10-6.67%
HK:1938Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.0.17-0.16-49.09%
HK:8402GT Steel Construction Group Limited0.130.0438.95%

Huajin International Holdings Ltd. Corporate Events

Huajin International Updates Board and Committee Structure

Oct 21, 2026

Huajin International Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong under stock code 2738, operates with a board structure comprising executive, non-executive and independent non-executive directors. The company’s gov...

Huajin International Revamps Board With New Executive and Independent Directors

Oct 21, 2026

Huajin International Holdings Ltd. has announced a significant refresh of its boardroom, appointing two executive directors and two independent non-executive directors effective 21 October 2026. The move strengthens oversight across key committees, i...

Huajin International Reveals 53 New Civil Enforcement Cases Against Subsidiaries

Oct 19, 2026

Huajin International Holdings has disclosed that three key subsidiaries in Jiangmen and Guangdong have become parties to 53 newly initiated civil enforcement proceedings in local people’s courts between 16 September and 13 October 2026. The cas...

Huajin International Names Veteran Kam Chun Ying as New Company Secretary

Sep 30, 2026

Huajin International Holdings Ltd. has announced the resignation of company secretary and authorised representative Ms. Lam Hoi Ki, effective 30 September 2026, with the board noting there is no disagreement with her and expressing gratitude for her...

Huajin International Subsidiaries Hit with New Enforcement Curbs in Shanghai Lease Dispute

Sep 29, 2026

Huajin International Holdings Ltd. reported that four mainland Chinese subsidiaries are now subject to additional enforcement measures in an existing finance‑lease dispute with International Far Eastern Leasing Co., Ltd. The case, originating f...

Huajin International’s Controlling Shareholder Cuts Stake but Retains Control

Sep 16, 2026

Huajin International Holdings Ltd., a Cayman-incorporated company listed in Hong Kong, is controlled through Haiyi Limited and Intrend Ventures Limited, both ultimately owned by chairman and executive director Xu Songqing. The group’s board inc...

Huajin International Clarifies Role of Third‑Party Enterprise in Land Mortgage Dispute

Sep 16, 2026

Huajin International Holdings Ltd. has issued a supplemental clarification on judicial matters involving a land mortgage arrangement linked to its business dealings with Xiamen Great. The company stresses that the private enterprise whose land was mo...

Huajin International Flags RMB 26 Million in New PRC Enforcement Actions

Sep 15, 2026

Huajin International Holdings Ltd. has disclosed two new enforcement proceedings in mainland China involving several of its wholly owned subsidiaries in sales contract and financial lease disputes. The aggregate amount under enforcement is about RMB...

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 further...

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 hig...

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. Th...

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 by C...

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 committ...

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 direct...

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 possible...

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 offic...

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.

Date of analysis: Oct 27, 2026