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Huabang Technology Holdings Limited
(3638)
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Rating:56Neutral
Price Target:
HK$3.50
▼(-74.42% Downside)
Action:Reiterated
Date:08/25/26
The score is driven by improving financial performance (profitability and cash flow rebounding and leverage improving), but it is materially offset by very weak technicals (price far below key moving averages with strongly negative momentum). Valuation is supportive with a moderate P/E, but not enough to outweigh the current bearish trend and the company’s history of earnings/cash flow volatility.
Positive Factors
Stronger Cash Generation
The sharp recovery in operating and free cash flow improves the company’s ability to fund operations, support investment, and strengthen its balance sheet internally. FCF broadly matching net income also indicates that the latest profit rebound has meaningful cash backing.
Negative Factors
Negative Operating Profitability
Negative EBIT indicates that core operations have not yet reached sustainable profitability, even though the company reported positive net income. Near-breakeven EBITDA leaves limited operating cushion and suggests earnings may remain vulnerable if revenue growth or gross margins weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger Cash Generation
The sharp recovery in operating and free cash flow improves the company’s ability to fund operations, support investment, and strengthen its balance sheet internally. FCF broadly matching net income also indicates that the latest profit rebound has meaningful cash backing.
Read all positive factors
Huabang Technology Holdings Limited (3638) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$113.73M
Dividend Yield0.09%
Average Volume (3M)76.20K
Price to Earnings (P/E)8.9
Beta (1Y)0.98
Revenue Growth-4.25%
EPS GrowthN/A
CountryHK
Employees108
SectorIndustrials
Sector Strength72
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.37
Shares Outstanding76,948,780
10 Day Avg. Volume96,690
30 Day Avg. Volume76,205
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)3.28
Price to Sales (P/S)3.09
P/FCF Ratio5.15
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
Huabang Technology Holdings Limited Business Overview & Revenue Model
Company Description
Hunlicar Group Limited, an investment holding company, engages in the computer and electronic products trading business in Hong Kong and the People's Republic of China. It operates through three segments: Computer and Electronic Products Trading B...
How the Company Makes Money
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Huabang Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 228.83M | 238.98M | 357.11M | 456.56M | 1.70B |
| Gross Profit | 88.64M | 97.75M | 14.20M | -53.84M | -207.02M |
| EBITDA | 294.00K | -48.91M | 38.70M | -89.61M | -242.34M |
| Net Income | 28.17M | -76.09M | 14.76M | -127.61M | -241.02M |
Balance Sheet | |||||
| Total Assets | 669.87M | 559.69M | 478.16M | 437.89M | 514.77M |
| Cash, Cash Equivalents and Short-Term Investments | 279.03M | 22.93M | 67.92M | 74.56M | 78.16M |
| Total Debt | 93.66M | 93.61M | 132.66M | 184.57M | 177.37M |
| Total Liabilities | 423.33M | 361.56M | 198.92M | 251.60M | 220.07M |
| Stockholders Equity | 215.35M | 192.91M | 282.97M | 179.94M | 285.98M |
Cash Flow | |||||
| Free Cash Flow | 137.35M | -580.00K | 38.17M | -4.57M | 22.83M |
| Operating Cash Flow | 145.65M | 1.57M | 39.03M | -785.00K | 23.28M |
| Investing Cash Flow | -8.88M | 5.04M | -19.26M | -10.44M | 120.59M |
| Financing Cash Flow | -20.10M | -52.80M | 16.54M | -4.38M | -165.24M |
Huabang Technology Holdings Limited Technical Analysis
Negative
13.68
Price Trends
6.42
Negative
7.35
Negative
9.81
Negative
Market Momentum
-0.99
Positive
15.48
Positive
30.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3638, the sentiment is Negative. The current price of 13.68 is above the 20-day moving average (MA) of 4.59, above the 50-day MA of 6.42, and above the 200-day MA of 9.81, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 15.48 is Positive, neither overbought nor oversold. The STOCH value of 30.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3638.
Huabang Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$113.73M | 8.89 | 13.85% | 0.09% | -4.25% | ― | |
51 Neutral | HK$2.83B | -38.67 | 88.11% | 2.03% | 3.00% | 6.72% | |
43 Neutral | HK$718.99M | -6.23 | -32.24% | 2.94% | 5.37% | -206.61% | |
42 Neutral | HK$2.12B | -1.70 | -29.05% | 3.94% | -2.67% | -127.19% | |
39 Underperform | HK$31.39M | -0.32 | -270.79% | 1.02% | -26.68% | -37.04% | |
34 Underperform | HK$464.39M | -19.73 | -17.54% | 3.45% | -4.56% | 14.91% |
* Industrials Sector Average
HK:3638
Huabang Technology Holdings Limited
3.28
-13.28
-80.19%
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Huabang Technology Holdings Limited Corporate Events
Huabang Technology Shareholders Approve AGM Resolutions but Reject Director’s Re-election
Sep 7, 2026
Huabang Technology Holdings Limited reported the poll results of its annual general meeting held on 7 September 2026, where shareholders voted on a slate of ordinary resolutions covering governance and capital management. The company confirmed tha...
Hunlicar Group Reschedules AGM and Adjusts Share Register Closure
Aug 14, 2026
Hunlicar Group Limited has rescheduled its annual general meeting, originally planned for 24 September 2026, to 7 September 2026, and moved the venue to Room 901, Lee Garden One, 33 Hysan Avenue, Hong Kong. The change is attributed to administrati...
Hunlicar Group Seeks to Reappoint Baker Tilly as Auditor With Stable Fee Range
Aug 13, 2026
Hunlicar Group Limited has issued a supplemental announcement to its AGM circular, clarifying plans for the re-appointment of Baker Tilly Hong Kong Limited as auditor for the financial year ending 31 March 2027. The move underscores continuity in ...
Hunlicar Group Sets 2026 AGM to Approve Governance Matters and Share Issuance Mandate
Jul 30, 2026
Hunlicar Group Limited has convened its annual general meeting for 24 September 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and consider key governance matters. T...
Hunlicar Group Swings to Profit on Higher Other Income and Bargain Purchase
Jun 30, 2026
Hunlicar Group Limited reported consolidated revenue of HK$228.8 million for the year ended 31 March 2026, a slight decline from HK$239.0 million a year earlier, while gross profit edged up to HK$97.3 million. The group’s income statement al...
Hunlicar Group Forecasts Profit Turnaround on Trading Income and Family Office Growth
Jun 15, 2026
Hunlicar Group Limited has told investors it expects to swing to a net profit of about HK$25 million to HK$30 million for the year ended 31 March 2026, reversing a loss of roughly HK$73.8 million a year earlier. The anticipated turnaround is drive...
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.