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Suoxinda Holdings Limited (3680) AI Stock Analysis

HK:3680

Suoxinda Holdings Limited

(HKEX:3680)

Select Model
Rating:50Neutral
Price Target:HKD 2.50â–²(9.17% Upside)
Action:reiterated
Date:08/19/26

The overall score reflects structurally weak financial performance with persistent losses and a fragile balance sheet as the dominant risk, partially offset by strong recent price momentum and a constructive technical setup, while valuation remains constrained by the lack of sustainable profitability and income support.

Positive Factors
Narrower LossesAlthough 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 VolatilityDeclining 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.

Suoxinda Holdings Limited (3680) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-40%-20%0%20%40%HK:3680+8.70%EWH+8.05%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 2.04B
Dividend Yield
―
Average Volume (3M)
994.52K
Price to Earnings (P/E)
-30.1
Beta (1Y)
0.69
Revenue Growth
-3.75%
EPS Growth
-2154.29%
Country
Hong Kong
Employees
216
Sector
Technology
Sector Strength
61
Industry
Information Technology Services

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 financ...

Suoxinda Holdings Limited Financial Statement Overview

Summary

Persistent losses, deteriorated margins, negative equity, and a highly leveraged capital structure indicate weak financial health, despite some recent improvement in cash burn and loss levels.

Income Statement

20Very Negative

Balance Sheet

18Very Negative

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue297.56M321.38M377.84M367.94M377.13M397.37M
Gross Profit22.74M25.72M38.08M47.13M89.34M129.20M
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 Assets495.30M365.38M298.85M444.15M410.88M473.69M
Cash, Cash Equivalents and Short-Term Investments37.30M36.49M16.40M113.26M15.11M21.95M
Total Debt151.14M125.28M124.52M187.55M89.36M83.18M
Total Liabilities354.09M354.03M255.97M326.84M307.37M319.52M
Stockholders Equity125.86M-7.95M20.46M95.84M82.76M137.69M
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 Flow85.83M94.63M-73.74M147.65M65.27M10.15M

Suoxinda Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price2.29

Price Trends

50DMA2.41Negative
100DMA2.28Negative
200DMA2.12Positive

Market Momentum

MACD-0.05Positive
RSI36.14Neutral
STOCH19.27Positive

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 2.29 is below the 20-day moving average (MA) of 2.38, below the 50-day MA of 2.41, and above 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:3680 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1075HK:107567NeutralHKD 504.27M5.466.36%4.56%8.36%286.36%
HK:2350HK:235066NeutralHKD 555.62M-10.28-28.87%―12.49%-330.08%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:1522HK:152260NeutralHKD 417.33M7.961.79%10.05%-6.58%-71.22%
HK:1900HK:190058NeutralHKD 240.83M-0.77-14.17%―-7.04%-163.40%
HK:3680HK:368050NeutralHKD 2.07B-30.05-82.16%―-3.75%-2154.29%
HK:0465HK:046544NeutralHKD 992.28M-12.12-42.58%―-20.17%2.68%

* Technology Sector Average

Performance Comparison

0%250%500%750%1000%HK:3680HK:1075HK:1522HK:1900HK:2350HK:0465Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3680 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3680Suoxinda Holdings Limited2.250.125.63%
HK:1075Capinfo Co., Ltd. Class H1.74-1.33-43.40%
HK:1522BII Railway Transportation Technology Holdings Co., Ltd.0.20-0.13-38.58%
HK:1900China ITS Holdings Co., Ltd.0.14-0.20-58.82%
HK:2350MTT Group Holdings Limited0.640.2358.35%
HK:0465Futong Technology Development Holdings Ltd.3.152.65529.00%

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 group...

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 price...

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 leverages...

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 expan...

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 compan...

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 inter...

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 anticipa...

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 director...

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 Fund...

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 or...

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 fro...

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 reflects a...

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 30, 2026