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Shanghai XNG Holdings Limited (3666) AI Stock Analysis

HK:3666

Shanghai XNG Holdings Limited

(HKEX:3666)

Select Model
Rating:49Neutral
Price Target:HKD 0.04â–²(62.50% Upside)
Action:upgraded
Date:01/06/26

Weak financials with losses, negative equity, and revenue contraction dominate; mild technical uptrend and low valuation provide limited offset but cannot counter core distress.

Positive Factors
Cash Generation AbilityPositive operating cash flow indicates the company can manage its cash operations effectively, which is crucial for sustaining business activities and funding future investments despite profitability challenges.
Negative Factors
Declining RevenueDeclining revenue indicates challenges in maintaining market position and competitiveness, potentially impacting long-term growth and profitability if not addressed.

Shanghai XNG Holdings Limited (3666) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-20%0%20%40%60%HK:3666-29.41%EWH+8.05%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 63.74M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.5
Beta (1Y)
0.47
Revenue Growth
―
EPS Growth
―
Country
Hong Kong
Employees
233
Sector
Consumer Cyclical
Sector Strength
61
Industry
Restaurants

Shanghai XNG Holdings Limited Business Overview & Revenue Model

Company Description

Shanghai XNG Holdings Limited functions as an investment holding entity, overseeing a diverse network of dining establishments across Mainland China and Hong Kong. Its extensive restaurant portfolio encompasses 33 Shanghai Min outlets, two Maison DeL...

How the Company Makes Money

Shanghai XNG Holdings Limited generates revenue through multiple streams including the sale of manufactured products, logistics services, and trading operations. The company's primary revenue model is based on the production and sale of industrial ma...

Shanghai XNG Holdings Limited Financial Statement Overview

Summary

Average of poor Income Statement (28), severely weak Balance Sheet (13), and moderate Cash Flow (41) scores reflects sharp revenue decline, negative profitability, deeply negative equity, and solvency risks despite some cash flow resilience.

Income Statement

28Negative

Balance Sheet

13Very Negative

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue233.78M314.36M450.54M325.60M691.52M644.39M
Gross Profit150.23M203.46M298.99M219.75M468.81M436.73M
EBITDA1.38M11.94M51.03M-1.86M56.49M-80.90M
Net Income-73.89M-85.08M-45.42M-69.23M-82.37M-318.75M
Balance Sheet
Total Assets112.09M137.75M256.01M378.34M530.76M595.98M
Cash, Cash Equivalents and Short-Term Investments1.06M3.69M28.82M62.62M99.42M123.84M
Total Debt91.12M95.20M177.01M237.65M310.64M255.54M
Total Liabilities281.69M297.37M329.76M408.48M495.07M476.59M
Stockholders Equity-171.21M-161.23M-75.34M-29.72M36.85M114.93M
Cash Flow
Free Cash Flow28.55M29.55M43.66M62.28M80.90M35.01M
Operating Cash Flow30.05M35.35M48.23M72.76M92.48M46.53M
Investing Cash Flow6.28M-8.86M11.81M-9.95M3.01M-6.95M
Financing Cash Flow-44.42M-43.20M-86.89M-91.59M-132.16M-82.36M

Shanghai XNG Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.02Negative

Market Momentum

MACD-0.00Negative
RSI22.90Positive
STOCH-100.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3666, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 22.90 is Positive, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3666.

Shanghai XNG Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:3666 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:6862HK:686268NeutralHKD 52.53B10.9340.40%8.07%10.63%-5.49%
HK:0341HK:034162NeutralHKD 3.35B20.376.13%6.73%-4.50%-29.22%
HK:0538HK:053862NeutralHKD 845.94M34.000.75%10.21%8.18%100.92%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:9922HK:992254NeutralHKD 1.19B14.012.33%2.23%-12.56%82.25%
HK:3666HK:366649NeutralHKD 63.74M-0.5271.92%―――
HK:2150HK:215047NeutralHKD 1.13B-4.34-6.16%―-8.18%62.17%

* Consumer Cyclical Sector Average

Performance Comparison

-40%-20%0%20%40%HK:3666HK:6862HK:9922HK:2150HK:0341HK:0538Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3666 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3666Shanghai XNG Holdings Limited0.02-0.01-29.41%
HK:6862Haidilao International Holding 9.43-2.53-21.16%
HK:9922Jiumaojiu International Holdings Ltd.0.90-0.87-49.29%
HK:2150Nayuki Holdings Ltd.0.66-0.50-43.10%
HK:0341Cafe de Coral Holdings Ltd.5.940.091.52%
HK:0538Ajisen (China) Holdings Limited0.78-0.07-8.07%

Shanghai XNG Holdings Limited Corporate Events

Shanghai XNG Seeks New Funding and Rebrands to Tackle Going-Concern Risks

Jan 30, 2026

Shanghai XNG Holdings Limited has issued a quarterly update on actions taken to address its auditor’s prior disclaimer of opinion on the group’s 2024 financial statements, which stemmed from multiple uncertainties related to its ability t...

Shanghai XNG Delays Circular on Planned 100% Equity Disposal

Jan 29, 2026

Shanghai XNG Holdings Limited has announced a delay in sending to shareholders a circular related to its planned very substantial disposal of 100% equity interest in a target company. The circular, which will set out details of the sale and purchase...

Shanghai XNG Plans Very Substantial Disposal of Wholly Owned Subsidiary for USD100,000

Jan 8, 2026

Shanghai XNG Holdings Limited has agreed to dispose of 100% of the equity interest in a wholly owned target company for a total consideration of USD100,000 under a sale and purchase agreement signed on 8 January 2026 with an independent third-party p...

Shanghai XNG Revamps Board With New Executive Director and INED Resignation

Dec 31, 2025

Shanghai XNG Holdings Limited has appointed Mr. He Qinghua as an executive director effective 31 December 2025, bringing in a seasoned professional with a background in law, finance, securities, and international trade, and experience in wealth manag...

Shanghai XNG Holdings Updates Board and Committee Roles

Dec 31, 2025

Shanghai XNG Holdings Limited has announced an updated composition of its board of directors, comprising executive, non-executive and independent non-executive directors, and the allocation of their roles across key governance committees. The company...

Shanghai XNG Holdings Reshapes Board and Committee Structure

Dec 23, 2025

Shanghai XNG Holdings Limited has announced an updated composition of its board of directors and key governance committees, effective 24 December 2025. The board now comprises three executive directors, one non-executive director and three independen...

Shanghai XNG Overhauls Board Committees With New Independent Director Appointment

Dec 23, 2025

Shanghai XNG Holdings Limited announced a board reshuffle, with independent non-executive director Mr. Leung Yiu Cho resigning from the board and stepping down as chairman of the audit committee and member of the remuneration, nomination and risk man...

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: Jan 06, 2026