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Changhong Jiahua Holdings Ltd. (3991) AI Stock Analysis
Changhong Jiahua Holdings Ltd.
(HKEX:3991)
The score is driven primarily by strong valuation (low P/E and high dividend yield), partially offset by financial quality concerns—especially multi-year cash-flow volatility despite a 2025 rebound. Technicals add a modest positive near-term bias, but the longer-term trend remains weak with the price still below the 100/200-day averages.
Changhong Jiahua Holdings Ltd. (3991) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 807.33M
- Dividend Yield
- 8.77%
- Average Volume (3M)
- 908.65K
- Price to Earnings (P/E)
- 3.4
- Beta (1Y)
- 0.31
- Revenue Growth
- 20.47%
- EPS Growth
- 7.47%
- Country
- Hong Kong
- Employees
- 1,348
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Technology Distributors
Changhong Jiahua Holdings Ltd. Business Overview & Revenue Model
Company Description
Changhong Jiahua Holdings Limited functions as an investment holding company, primarily engaged in the distribution of a wide array of information and communication technology (ICT) products for both consumer and corporate clients, in addition to oth...
How the Company Makes Money
Changhong Jiahua primarily makes money through (1) product distribution and (2) value-added services attached to the sale and deployment of those products. 1) Product distribution (core revenue stream) - The company acts as an intermediary in the sup...
Changhong Jiahua Holdings Ltd. Financial Statement Overview
Summary
Moderate fundamentals overall: income statement is steady but structurally low-margin (gross margin ~3% and net margin ~1%), and the balance sheet looks manageable with improving leverage in 2025. The main drag is highly inconsistent cash conversion, with negative operating/free cash flow in multiple prior years despite a strong rebound in 2025, which raises sustainability risk.
Income Statement
56NeutralBalance Sheet
62PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.44B | 43.83B | 39.99B | 37.17B | 38.34B | 44.56B |
| Gross Profit | 1.49B | 1.40B | 1.38B | 1.30B | 1.27B | 1.32B |
| EBITDA | 656.61M | 612.38M | 641.27M | 696.54M | 670.55M | 698.11M |
| Net Income | 425.36M | 400.86M | 379.27M | 360.54M | 365.82M | 413.25M |
Balance Sheet | ||||||
| Total Assets | 17.91B | 17.44B | 18.07B | 17.41B | 15.95B | 12.47B |
| Cash, Cash Equivalents and Short-Term Investments | 3.69B | 4.57B | 561.78M | 6.13B | 415.54M | 3.39B |
| Total Debt | 1.75B | 2.43B | 2.75B | 1.80B | 2.56B | 1.19B |
| Total Liabilities | 14.17B | 14.08B | 15.09B | 14.59B | 13.32B | 9.79B |
| Stockholders Equity | 3.74B | 3.36B | 2.98B | 2.81B | 2.63B | 2.68B |
Cash Flow | ||||||
| Free Cash Flow | -1.41B | -614.04M | -3.29B | -2.94B | -2.12B | 452.99M |
| Operating Cash Flow | -1.41B | -610.98M | -3.29B | -2.93B | -2.12B | 461.88M |
| Investing Cash Flow | -208.74M | 1.62B | -638.00M | 180.56M | -2.82B | 334.12M |
| Financing Cash Flow | 1.48B | -1.16B | 3.43B | 3.49B | 4.65B | -476.74M |
Changhong Jiahua Holdings Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3991, the sentiment is Negative. The current price of 0.56 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.59, and below the 200-day MA of 0.86, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 34.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3991.
Changhong Jiahua Holdings Ltd. Peers Comparison
Overall Rating
HK:059581Outperform
HK:085678Outperform
HK:216662Neutral- HK:399162Neutral
HK:136253Neutral
HK:040048Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0595 | 81Outperform | HKD 1.03B | 4.61 | 12.36% | 1.75% | 12.17% | 331.64% |
| HK:0856 | 78Outperform | HKD 11.49B | 6.46 | 16.01% | 5.39% | 10.80% | 37.32% |
| HK:2166 | 62Neutral | HKD 1.86B | 3.71 | 34.04% | 5.89% | 120.16% | 263.85% |
| HK:3991 | 62Neutral | HKD 1.47B | 3.35 | 11.99% | 8.77% | 20.47% | 7.47% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:1362 | 53Neutral | HKD 231.00M | 21.18 | 5.93% | 1.27% | -32.77% | 337.65% |
| HK:0400 | 48Neutral | HKD 5.36B | 11.65 | 8.41% | ― | 81.43% | 65.90% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:3991 | Changhong Jiahua Holdings Ltd. | 0.56 | -0.58 | -51.32% | |
| HK:0856 | VSTECS Holdings Limited | 7.75 | -0.85 | -9.90% | |
| HK:0400 | Cogobuy Group | 3.02 | 0.28 | 10.22% | |
| HK:0595 | AV Concept Holdings Limited | 1.14 | 0.76 | 197.65% | |
| HK:1362 | SiS Mobile Holdings Limited | 0.79 | 0.31 | 63.22% | |
| HK:2166 | Smart-Core Holdings Ltd. | 3.23 | 1.48 | 84.68% |
Changhong Jiahua Holdings Ltd. Corporate Events
Changhong Jiahua Declares HK$0.06 Interim Dividend and Sets Record Date
Changhong Jiahua Holdings Ltd. has approved an interim dividend of HK$0.06 per share for the six months ended 30 June 2026, amounting to HK$154.2 million based on its issued ordinary and preference shares. The payout reflects the board’s decisi...
Changhong Jiahua Declares Interim Dividend for First Half of 2026
Changhong Jiahua Holdings Limited has declared an interim ordinary cash dividend of HKD 0.06 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The announcement confirms the company’s ongoing practi...
Changhong Jiahua Board to Consider Interim Dividend at October Meeting
Changhong Jiahua Holdings Ltd. has scheduled a board meeting for October 8, 2026 to consider declaring an interim dividend for its shareholders. The company cautioned that the proposed payout may or may not be approved, signalling uncertainty over th...
Changhong Jiahua Privatisation Collapses After PRC Approvals Fall Through
Changhong Jiahua Holdings Limited, a Bermuda‑incorporated company listed in Hong Kong, operates in the electronics and technology distribution space and maintains deep links to the mainland China market. Its regulatory exposure to Sichuan provi...
Regulatory Delays Slow Changhong Jiahua Privatisation and Delisting Plan
Changhong Jiahua Holdings Limited and its offeror, Hongtu Investment Co., Limited, have provided a monthly update on the proposed privatisation of the company via a court-sanctioned scheme of arrangement and the associated plan to withdraw its shares...
Changhong Jiahua Delivers Strong Interim Profit Growth on Surging Revenue
Changhong Jiahua Holdings Limited reported a robust improvement in interim unaudited results for the six months ended 30 June 2026, with revenue rising to HK$27.78 billion from HK$21.17 billion a year earlier and gross profit increasing to HK$744.94...
Changhong Jiahua Revamps Key Governance Roles With New Company Secretary
Changhong Jiahua Holdings Ltd. has announced a change in key corporate governance roles, with company secretary and authorised representative Mr. Cheng Ching Kit resigning effective 12 August 2026 from his positions, including process agent under Hon...
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 13, 2026