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China Dongxiang (Group) Co
(3818)
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Rating:57Neutral
Price Target:
HK$0.29
â–²(1.79% Upside)
Action:Reiterated
Date:09/29/26
The score is mainly supported by financial resilience from a conservatively levered balance sheet and a very high dividend yield. Offsetting this, profitability has been inconsistent with a return to losses, and technical signals show a broader downtrend (price below key moving averages and negative MACD).
Positive Factors
Conservative leverage
Very low leverage reduces balance-sheet pressure and preserves financial flexibility across the business cycle. A substantial equity base gives China Dongxiang more capacity to absorb operating volatility, fund brand initiatives, and manage obligations without relying heavily on additional borrowing.
Negative Factors
Recurring profitability volatility
The swing from solid profitability in 2025 to negative operating and net margins in 2026 demonstrates that earnings recovery is not yet durable. Such volatility makes forward profit generation less predictable and can limit the company’s ability to reinvest, plan capital allocation, or sustain shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low leverage reduces balance-sheet pressure and preserves financial flexibility across the business cycle. A substantial equity base gives China Dongxiang more capacity to absorb operating volatility, fund brand initiatives, and manage obligations without relying heavily on additional borrowing.
Read all positive factors
China Dongxiang (Group) Co (3818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.59B
Dividend Yield15.33%
Average Volume (3M)2.52M
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth4.14%
EPS Growth-180.84%
CountryHK
Employees338
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.06
Shares Outstanding5,895,073,000
10 Day Avg. Volume1,890,708
30 Day Avg. Volume2,515,432
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.25
Price to Sales (P/S)1.29
P/FCF Ratio16.00
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
China Dongxiang (Group) Co Business Overview & Revenue Model
Company Description
China Dongxiang (Group) Co., Ltd. is primarily involved in the design, development, marketing, and sale of sport-related apparel, footwear, and accessories. The company operates both domestically within the People's Republic of China and across in...
How the Company Makes Money
China Dongxiang makes money mainly by monetizing sportswear brands—most notably Kappa in Mainland China—through the sale of branded products. Its revenue model is driven by (1) selling sports apparel, footwear, and accessories to consumers via ret...
China Dongxiang (Group) Co Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
83
Very Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.66B | 1.68B | 1.74B | 1.68B | 1.92B |
| Gross Profit | 1.10B | 1.15B | 1.19B | 1.06B | 1.12B |
| EBITDA | 58.86M | 351.21M | -655.84M | 100.10M | -1.80B |
| Net Income | -152.49M | 207.00M | -639.36M | 115.00M | -1.78B |
Balance Sheet | |||||
| Total Assets | 9.68B | 10.04B | 9.74B | 10.58B | 10.49B |
| Cash, Cash Equivalents and Short-Term Investments | 4.86B | 4.70B | 3.83B | 3.97B | 3.86B |
| Total Debt | 235.81M | 47.22M | 38.90M | 57.56M | 232.81M |
| Total Liabilities | 981.39M | 832.42M | 665.80M | 911.38M | 1.13B |
| Stockholders Equity | 8.70B | 9.21B | 9.07B | 9.67B | 9.35B |
Cash Flow | |||||
| Free Cash Flow | 133.92M | 73.12M | 143.47M | 30.27M | -262.57M |
| Operating Cash Flow | 193.73M | 141.65M | 198.90M | 101.60M | -211.19M |
| Investing Cash Flow | -372.27M | -141.10M | -923.98M | 1.18B | 276.79M |
| Financing Cash Flow | -39.08M | -133.21M | -109.81M | -307.86M | -334.57M |
China Dongxiang (Group) Co Technical Analysis
Negative
0.28
Price Trends
0.28
Negative
0.30
Negative
0.37
Negative
Market Momentum
<0.01
Negative
46.04
Neutral
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3818, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.28, and below the 200-day MA of 0.37, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3818.
China Dongxiang (Group) Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$19.57B | 10.58 | 14.47% | 6.20% | 4.21% | 9.77% | |
80 Outperform | HK$51.25B | 11.03 | 22.96% | 7.11% | 8.08% | 12.13% | |
80 Outperform | HK$11.71B | 10.22 | 36.49% | 5.86% | 12.46% | 13.93% | |
71 Outperform | HK$3.29B | 5.85 | 11.18% | 9.45% | 20.57% | 16.02% | |
62 Neutral | HK$52.28B | 9.84 | 12.10% | 5.98% | 1.86% | -27.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$1.59B | -4.08 | -1.65% | 15.33% | 4.14% | -180.84% |
* Consumer Cyclical Sector Average
HK:3818
China Dongxiang (Group) Co
0.27
-0.19
-41.56%
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4.32
0.10
2.37%
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22.64
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47.25%
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-42.10%
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China Lilang Ltd.
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0.89
14.14%
China Dongxiang (Group) Co Corporate Events
China Dongxiang Sends Circular on Share Buy-back and Settlement Plans
Sep 11, 2026
China Dongxiang (Group) Co., Ltd. has despatched a circular to shareholders outlining details of a proposed settlement that includes off-market share buy-backs, a set-off arrangement, a loan waiver and a connected transaction. The circular also co...
China Dongxiang Affirms Director’s Suitability After Hong Kong Disciplinary Action
Sep 11, 2026
China Dongxiang (Group) Co., Ltd., a Cayman Islands-incorporated company listed in Hong Kong, operates under the regulatory framework of the Stock Exchange of Hong Kong and is governed by a board that includes both executive and independent non-ex...
China Dongxiang Calls EGM to Approve Settlement Deeds and Empower Directors
Sep 10, 2026
China Dongxiang has called an extraordinary general meeting for 30 September 2026 in Beijing, to be held immediately after its annual general meeting, seeking shareholder approval for a special resolution related to a series of Settlement Deeds an...
China Dongxiang Sets Register Closure Ahead of Capital Restructuring Vote
Sep 10, 2026
China Dongxiang (Group) Co., Ltd., a Cayman Islands-incorporated sportswear and apparel company listed in Hong Kong, serves mainland China and broader Asian consumer markets with branded athletic and casual products. The group’s leadership c...
China Dongxiang Delays Circular on Share Buy-back and Settlement Plan
Aug 14, 2026
China Dongxiang (Group) Co., Ltd. has announced a delay in sending a shareholder circular related to proposed off-market share buy-backs, a set-off arrangement, a loan waiver and a connected transaction collectively referred to as the Settlement. ...
China Dongxiang Moves to Resolve Subscription Loan Uncertainties with HK$73 Million Share Buy-Back
Jul 24, 2026
China Dongxiang has entered into settlement deeds with several vendors to resolve uncertainties over long-term subscription loans previously granted to finance share incentive subscriptions. The company plans to repurchase 256,090,025 shares, abou...
China Dongxiang calls 2026 AGM, seeks fresh share issuance mandate
Jul 9, 2026
China Dongxiang (Group) Co., Ltd. has convened its annual general meeting for 30 September 2026 in Beijing, where shareholders will review and adopt the audited financial statements and directors’ and auditors’ reports for the year end...
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.