TipRanks
Go Ultimate55% OFF

Qingdao Gon Technology Co., Ltd. Class H (2768) AI Stock Analysis

HK:2768

Qingdao Gon Technology Co., Ltd. Class H

(HKEX:2768)

Select Model
Rating:62Neutral
Price Target:HKD 31.00â–¼(-10.20% Downside)
Action:reiterated
Date:10/16/26

Financial performance is the primary driver with robust revenue and asset growth tempered by margin pressure. Weak technical momentum from moving averages and indicators is the main drag, while fair valuation provides modest support.

Positive Factors
Strong Revenue ExpansionThe 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 ConversionVery 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.

Qingdao Gon Technology Co., Ltd. Class H (2768) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%HK:2768+28.12%EWH+8.19%Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 20.99B
Dividend Yield
1.72%
Average Volume (3M)
1.32M
Price to Earnings (P/E)
16.8
Beta (1Y)
0.01
Revenue Growth
20.34%
EPS Growth
―
Country
Hong Kong
Employees
5,532
Sector
General
Sector Strength
55
Industry
Chemicals - Specialty

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 altering...

Qingdao Gon Technology Co., Ltd. Class H Financial Statement Overview

Summary

Strong revenue growth from $9.77B to $21.25B with solid asset and equity expansion, offset by declining gross margins to 10.7% and volatile free cash flow.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Mar 2023Mar 2022
Income Statement
Total Revenue17.79B21.25B19.22B17.44B13.41B9.77B
Gross Profit2.29B2.27B1.67B1.74B1.76B1.44B
EBITDA1.33B1.45B1.20B942.69M1.10B942.70M
Net Income982.46M841.29M676.38M465.89M662.43M642.94M
Balance Sheet
Total Assets24.76B19.79B18.35B15.05B12.76B9.91B
Cash, Cash Equivalents and Short-Term Investments4.58B3.29B3.03B3.04B1.96B1.15B
Total Debt6.62B4.51B4.53B3.55B2.59B1.82B
Total Liabilities15.21B12.09B11.32B8.67B6.86B4.72B
Stockholders Equity7.45B5.73B4.97B4.48B4.07B3.48B
Cash Flow
Free Cash Flow-2.04B-108.78K155.46M-252.83M-399.75M256.68M
Operating Cash Flow-464.74M567.48M552.86M488.11M359.22M527.98M
Investing Cash Flow-1.55B-495.19M-941.54M-790.49M-831.67M-1.02B
Financing Cash Flow3.64B123.27M659.55M748.93M909.41M824.35M

Qingdao Gon Technology Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:2768 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0408HK:040862NeutralHKD 1.46B6.825.15%7.72%6.66%65.39%
HK:2768HK:276862NeutralHKD 21.71B16.7917.77%1.72%20.34%―
HK:2579HK:257958NeutralHKD 34.27B6.299.49%5.33%52.97%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:3318HK:331853NeutralHKD 3.12B-2.50-51.09%―11.19%-3035.78%
HK:2502HK:250251NeutralHKD 852.91M18.302.33%―-4.75%―
HK:0301HK:030143NeutralHKD 3.58B-191.54-8.09%―3.15%50.74%

* General Sector Average

Performance Comparison

0%200%400%HK:2768HK:0408HK:3318HK:0301HK:2502HK:2579Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:2768 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2768Qingdao Gon Technology Co., Ltd. Class H34.527.5828.12%
HK:0408Yip's Chemical Holdings 2.580.7440.34%
HK:3318China Boton Group Co., Ltd.2.881.1465.23%
HK:0301SANVO Fine Chemicals Group Limited7.636.32482.44%
HK:2502Henan Jinyuan Hydrogenated Chemicals Co., Ltd. Class H0.510.1127.50%
HK:2579CNGR Advanced Material Co., Ltd. Class H16.72-16.09-49.05%

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 executive...

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% to...

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 itse...

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 valu...

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 its 4...

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, t...

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‑wh...

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 executive d...

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 th...

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 16, 2026