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Qingdao Gon Technology Co., Ltd. Class H
(2768)
Select Model
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Rating:52Neutral
Price Target:
$30.00
Action:Reiterated
Date:10/16/26
The score is primarily held back by weak cash-flow quality (low operating cash flow versus profits and volatile/negative free cash flow) and bearish technical signals (price below key moving averages with negative MACD). Offsetting factors include strong multi-year revenue growth, a moderately leveraged balance sheet with healthy ROE, and a reasonable valuation (P/E ~16.1) with a modest dividend yield (~1.95%).
Positive Factors
Strong Revenue Expansion
The substantial increase in revenue across 2020–2025 indicates meaningful expansion in the company’s business scale and market activity. Sustained top-line growth can support operating investment, improve customer and supplier relevance, and provide a stronger platform for future earnings development.
Negative Factors
Weak Cash Conversion
Very low operating-cash-flow coverage of reported profits suggests that accounting earnings are not translating efficiently into cash. This weakens the quality of earnings, limits internally funded investment, and can constrain debt reduction, dividends, or other capital-allocation priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
The substantial increase in revenue across 2020–2025 indicates meaningful expansion in the company’s business scale and market activity. Sustained top-line growth can support operating investment, improve customer and supplier relevance, and provide a stronger platform for future earnings development.
Read all positive factors
Qingdao Gon Technology Co., Ltd. Class H (2768) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$21.71B
Dividend Yield1.72%
Average Volume (3M)1.45M
Price to Earnings (P/E)16.8
Beta (1Y)<0.01
Revenue Growth20.34%
EPS GrowthN/A
CountryHK
Employees5,532
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.66
Shares Outstanding44,400,000
10 Day Avg. Volume1,635,344
30 Day Avg. Volume1,452,569
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.67
Price to Sales (P/S)0.45
P/FCF Ratio-88.01K
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
Qingdao Gon Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Qingdao Gon Technology Co., Ltd. is engaged in the full spectrum of activities, from researching and developing to manufacturing and distributing specialized chemical compounds and collagen-derived items. The company's core expertise lies in alter...
Qingdao Gon Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.79B | 21.25B | 19.22B | 17.44B | 13.41B | 9.77B |
| Gross Profit | 2.29B | 2.27B | 1.67B | 1.74B | 1.76B | 1.44B |
| EBITDA | 1.33B | 1.45B | 1.20B | 942.69M | 1.10B | 942.70M |
| Net Income | 982.46M | 841.29M | 676.38M | 465.89M | 662.43M | 642.94M |
Balance Sheet | ||||||
| Total Assets | 24.76B | 19.79B | 18.35B | 15.05B | 12.76B | 9.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.58B | 3.29B | 3.03B | 3.04B | 1.96B | 1.15B |
| Total Debt | 6.62B | 4.51B | 4.53B | 3.55B | 2.59B | 1.82B |
| Total Liabilities | 15.21B | 12.09B | 11.32B | 8.67B | 6.86B | 4.72B |
| Stockholders Equity | 7.45B | 5.73B | 4.97B | 4.48B | 4.07B | 3.48B |
Cash Flow | ||||||
| Free Cash Flow | -2.04B | -108.78K | 155.46M | -252.83M | -399.75M | 256.68M |
| Operating Cash Flow | -464.74M | 567.48M | 552.86M | 488.11M | 359.22M | 527.98M |
| Investing Cash Flow | -1.55B | -495.19M | -941.54M | -790.49M | -831.67M | -1.02B |
| Financing Cash Flow | 3.64B | 123.27M | 659.55M | 748.93M | 909.41M | 824.35M |
Qingdao Gon Technology Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$1.46B | 6.82 | 5.15% | 7.72% | 6.66% | 65.39% | |
58 Neutral | HK$34.27B | 6.30 | 9.49% | 5.33% | 52.97% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | HK$3.12B | -2.50 | -51.09% | 1.64% | 11.19% | -3035.78% | |
52 Neutral | HK$21.71B | 16.79 | 17.77% | 1.72% | 20.34% | ― | |
51 Neutral | HK$852.91M | 18.34 | 2.33% | 3.05% | -4.75% | ― | |
45 Neutral | HK$3.58B | -191.93 | -8.09% | 2.18% | 3.15% | 50.74% |
* General Sector Average
HK:2768
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23.74%
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Qingdao Gon Technology Co., Ltd. Class H Corporate Events
Qingdao Gon Technology Completes 80% Acquisition of Target Company
Oct 14, 2026
Qingdao Gon Technology Co., Ltd., a PRC-based technology and advanced materials company listed in Hong Kong, operates through a group structure that consolidates the financial performance of its subsidiaries. The board, led by chairman and executi...
Qingdao Gon Technology Forecasts Sharp Profit Surge on Integrated Industrial Chain Gains
Oct 14, 2026
Qingdao Gon Technology Co., Ltd. reported that net profit attributable to shareholders for the nine months ended 30 September 2026 is expected to rise to between RMB950 million and RMB1.1 billion, representing a year-on-year increase of about 54% ...
Qingdao Gon Technology Sets Board Meeting to Approve Q3 2026 Results
Oct 13, 2026
Qingdao Gon Technology Co., Ltd. has scheduled a board meeting for 26 October 2026 to review and approve its third-quarter results for the nine months ended 30 September 2026. The company plans to publish these consolidated quarterly figures for i...
Qingdao Gon Technology to Acquire 80% Stake in Target Company for RMB1.5 Billion
Oct 12, 2026
Qingdao Gon Technology Co., Ltd. has agreed to acquire 80% of the equity in a target company for RMB1.504 billion under an Equity Interest Acquisition Agreement signed on 11 October 2026. The purchase price was set with reference to an appraised v...
Qingdao Gon Technology Wins Strong Shareholder Backing for Credit, Guarantee and Governance Changes
Sep 17, 2026
Qingdao Gon Technology Co., Ltd., a PRC joint stock company listed in Hong Kong with both A and H shares, held its 2026 first extraordinary general meeting in Qingdao under Chinese company law and Hong Kong Listing Rules. With more than half of it...
Qingdao Gon Technology Moves to Update Articles After Capital Expansion
Aug 28, 2026
Qingdao Gon Technology has completed a capitalisation plan that increased its total share capital from 301,250,000 to 436,600,000 shares, including the issuance of new A and H shares and the cancellation of 6,250,000 treasury A shares. As a result...
Qingdao Gon Technology Calls 2026 EGM on Credit Facilities, Guarantees and Articles Changes
Aug 28, 2026
Qingdao Gon Technology Co., Ltd. has called its first extraordinary general meeting of 2026 for 17 September in Qingdao, where shareholders will vote on adjusting the group’s 2026 credit facilities and on providing a guarantee to a non‑...
Qingdao Gon Technology Publishes Unaudited Interim Results for First Half of 2026
Aug 28, 2026
Qingdao Gon Technology Co., Ltd., a PRC-incorporated joint stock company listed on the Hong Kong Stock Exchange under code 2768, announced its unaudited interim results for the six months ended 30 June 2026. The board, led by chairman and executiv...
Qingdao Gon Technology Sets Date to Approve Interim Results and Consider Dividend
Aug 18, 2026
Qingdao Gon Technology Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to decide on their publication. The board will also consider whether to recommend...
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.