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Suoxinda Holdings Limited
(3680)
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Rating:42Neutral
Price Target:
HK$2.00
â–˛(25.79% Upside)
Action:Reiterated
Date:10/30/26
The score is primarily constrained by weak financial performance—persistent losses, sharply compressed margins, ongoing negative operating/free cash flow, and the move to negative equity. Technicals are also soft with bearish momentum (below key moving averages and negative MACD), while valuation is not supportive due to negative earnings and no provided dividend yield.
Positive Factors
Narrower Losses
Although the company remains deeply loss-making, losses have narrowed from the worst levels seen in 2022–2023. This indicates some operational improvement and provides a potential base for stabilization if management can sustain progress and eventually restore positive margins.
Negative Factors
Revenue Decline and Volatility
Declining and volatile revenue weakens visibility into the company’s underlying demand and makes fixed-cost absorption more difficult. Without a sustained return to growth, management will have less capacity to rebuild margins, fund investment, and move toward profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrower Losses
Although the company remains deeply loss-making, losses have narrowed from the worst levels seen in 2022–2023. This indicates some operational improvement and provides a potential base for stabilization if management can sustain progress and eventually restore positive margins.
Read all positive factors
Suoxinda Holdings Limited (3680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.07B
Dividend YieldN/A
Average Volume (3M)626.53K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-3.75%
EPS Growth-2154.29%
CountryHK
Employees216
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding920,572,000
10 Day Avg. Volume371,200
30 Day Avg. Volume626,533
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)-133.43
Price to Sales (P/S)3.30
P/FCF Ratio-108.92
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
Suoxinda Holdings Limited Business Overview & Revenue Model
Company Description
As an investment holding company, Ruihe Data Technology Holdings Ltd. specializes in providing comprehensive big data, artificial intelligence, and digital marketing solutions, complemented by professional advisory services. The firm caters to fin...
Suoxinda Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 297.56M | 321.38M | 377.84M | 367.94M | 377.13M | 397.37M |
| Gross Profit | 22.74M | 25.72M | 38.08M | 47.13M | 89.34M | 129.20M |
| EBITDA | -17.61M | -19.22M | -36.58M | -70.44M | -81.78M | -43.12M |
| Net Income | -48.44M | -63.52M | -75.00M | -109.23M | -128.19M | -76.24M |
Balance Sheet | ||||||
| Total Assets | 495.30M | 365.38M | 298.85M | 444.15M | 410.88M | 473.69M |
| Cash, Cash Equivalents and Short-Term Investments | 37.30M | 36.49M | 16.40M | 113.26M | 15.11M | 21.95M |
| Total Debt | 151.14M | 125.28M | 124.52M | 187.55M | 89.36M | 83.18M |
| Total Liabilities | 354.09M | 354.03M | 255.97M | 326.84M | 307.37M | 319.52M |
| Stockholders Equity | 125.86M | -7.95M | 20.46M | 95.84M | 82.76M | 137.69M |
Cash Flow | ||||||
| Free Cash Flow | -22.26M | -9.74M | -22.53M | -55.14M | -64.37M | -62.21M |
| Operating Cash Flow | -22.25M | -6.99M | -16.62M | -38.37M | -21.31M | -12.04M |
| Investing Cash Flow | -62.98M | -72.14M | -7.41M | -8.74M | -51.80M | -50.03M |
| Financing Cash Flow | 85.83M | 94.63M | -73.74M | 147.65M | 65.27M | 10.15M |
Suoxinda Holdings Limited Technical Analysis
Negative
1.59
Price Trends
2.41
Negative
2.28
Negative
2.12
Positive
Market Momentum
-0.05
Positive
36.14
Neutral
19.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3680, the sentiment is Negative. The current price of 1.59 is below the 20-day moving average (MA) of 2.38, below the 50-day MA of 2.41, and below the 200-day MA of 2.12, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 36.14 is Neutral, neither overbought nor oversold. The STOCH value of 19.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3680.
Suoxinda Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$417.33M | 7.96 | 1.79% | 10.05% | -6.58% | -71.22% | |
62 Neutral | HK$504.27M | 5.47 | 6.36% | 4.56% | 8.36% | 286.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$240.83M | -0.77 | -14.17% | 13.93% | -7.04% | -163.40% | |
52 Neutral | HK$555.62M | -10.28 | -28.87% | ― | 12.49% | -330.08% | |
44 Neutral | HK$992.28M | -12.15 | -42.58% | 1.60% | -20.17% | 2.68% | |
42 Neutral | HK$2.07B | -30.11 | -82.16% | ― | -3.75% | -2154.29% |
* Technology Sector Average
HK:3680
Suoxinda Holdings Limited
2.25
0.11
5.14%
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-44.60%
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BII Railway Transportation Technology Holdings Co., Ltd.
0.20
-0.13
-40.24%
HK:1900
China ITS Holdings Co., Ltd.
0.14
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MTT Group Holdings Limited
0.64
0.24
59.95%
HK:0465
Futong Technology Development Holdings Ltd.
3.15
2.65
529.00%
Suoxinda Holdings Limited Corporate Events
Ruihe Data Tech Sells US$3.1 Million in Bitcoin from Cloud Mining
Oct 29, 2026
Ruihe Data Technology Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has built a presence in virtual assets through cloud mining, purchasing hashrate services to receive Bitcoins as rewards. The gr...
Ruihe Data Technology Completes HK$31.6 Million Subscription in Ligent IPO
Sep 23, 2026
Ruihe Data Technology Holdings Limited has completed a discloseable transaction involving the subscription for 950,000 international offer shares of Ligent Technologies, Inc. at an offer price of HK$32.96 per share, bringing the aggregate offer pr...
Ruihe Data Technology Commits Up to HK$60 Million to Ligent Technologies’ Global Share Offering
Sep 14, 2026
Ruihe Data Technology Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, operates in the data technology sector and channels investments through its wholly owned Hong Kong subsidiary. The group leverag...
Ruihe Data Technology Boosts Profit Amid Strategic Shift and Revenue Decline
Aug 31, 2026
Ruihe Data Technology Holdings Limited reported interim revenue of about RMB96.46 million for the six months ended 30 June 2026, down 19.9% year on year as it shifted away from commodity trading and saw a modest decline in data solutions, while ex...
Ruihe Data Technology Raises HK$42.9 Million in Share Placing to Cut Debt and Fund Operations
Aug 24, 2026
Ruihe Data Technology Holdings Limited, a Cayman-incorporated data technology group listed in Hong Kong, provides technology-driven services and solutions supported by ongoing research and development and a need for stable working capital. The com...
Ruihe Data Technology Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Ruihe Data Technology Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the consolidated interim results for the six months ended 30 June 2026. The meeting will also consider the potential declaration of an in...
Ruihe Data Technology Flags Higher Interim Profit Despite Lower Revenue
Aug 13, 2026
Ruihe Data Technology Holdings Limited has issued a positive profit alert for the six months ended 30 June 2026, despite an expected year-on-year revenue decline of about 17% to 21% to roughly RMB95 million to RMB100 million. The group still antic...
Ruihe Data Technology Extends Deadline for Discounted Share Placing
Aug 11, 2026
Ruihe Data Technology Holdings Limited, a Cayman Islands-incorporated data technology company listed on the Hong Kong Stock Exchange, is overseen by a board that includes four executive, three non-executive and four independent non-executive direc...
Ruihe Data Sets Up RMB100 Million Venture Capital Partnership as Connected Transaction
Aug 7, 2026
Ruihe Data Technology Holdings Limited has announced that its indirect wholly owned subsidiary, Ruihe Data Shenzhen, has entered into a partnership agreement with PreIPO Capital and Hainan Baoshu to establish Xiamen Ruiyihongshi Venture Capital Fu...
Ruihe Data Technology Sets Up ADR Facility to Tap U.S. Market
Aug 5, 2026
Ruihe Data Technology Holdings Limited has established an American Depositary Receipt facility with Bank of New York Mellon as depositary bank, effective 31 July 2026 U.S. Eastern Standard Time. Each American Depositary Share will represent twenty...
Ruihe Data Reports Discloseable Bitcoin Cloud Mining Rewards
Aug 3, 2026
Ruihe Data Technology Holdings Limited disclosed that under an existing cloud mining arrangement, it has received a total of 32.73 Bitcoins as mining rewards during a specified period. The rewards, derived from purchasing 230,950 TH/s of hashrate ...
Ruihe Data Technology Plans HK$90 Million Share Placing to Cut Debt and Fund Growth
Jul 30, 2026
Ruihe Data Technology Holdings Limited has agreed to place up to 44,960,100 new shares under its general mandate through Theia Securities Limited, representing about 5% of its existing share capital. The placing price of HK$2.030 per share reflect...
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.