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Beijing Digital Telecom Co. Ltd. Class H
(6188)
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Rating:48Neutral
Price Target:
HK$0.50
▲(23.75% Upside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by weak financial performance—persistent losses, margin compression, and a highly stressed balance sheet with negative equity—despite a recent improvement in cash flow. Technicals are supportive with the price above major moving averages and positive MACD, but overbought RSI reduces confidence. Valuation support is limited due to the negative P/E and no dividend yield data.
Positive Factors
Recent Cash Flow Improvement
The return to positive operating and free cash flow in 2025 shows some near-term cash-generation resilience after the prior-year outflow. If sustained, this could improve operational funding and reduce reliance on external financing, although consistency remains important.
Negative Factors
Negative Equity and High Leverage
Negative shareholders’ equity indicates that accumulated losses have eroded the capital base, while debt roughly matching assets leaves little balance-sheet protection. This structurally elevates credit and refinancing risk and constrains the company’s ability to absorb further losses.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Cash Flow Improvement
The return to positive operating and free cash flow in 2025 shows some near-term cash-generation resilience after the prior-year outflow. If sustained, this could improve operational funding and reduce reliance on external financing, although consistency remains important.
Read all positive factors
Beijing Digital Telecom Co. Ltd. Class H (6188) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$438.80M
Dividend YieldN/A
Average Volume (3M)50.10K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth4.77%
EPS Growth-4.82%
CountryHK
Employees2,615
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-1.66
Shares Outstanding548,760,400
10 Day Avg. Volume8,700
30 Day Avg. Volume50,100
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-0.12
Price to Sales (P/S)0.02
P/FCF Ratio10.90
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
Beijing Digital Telecom Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Beijing Digital Telecom Co., Ltd. operates as a diversified telecommunications enterprise, primarily engaged in the retail and distribution of mobile devices and their accessories, complemented by a comprehensive suite of related services. The com...
How the Company Makes Money
The company primarily makes money by selling mobile telecommunications devices (notably smartphones) and related products through its distribution and retail channels, earning revenue from the gross margin between procurement cost and selling pric...
Beijing Digital Telecom Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.91B | 16.54B | 18.02B | 17.15B | 13.51B | 10.24B |
| Gross Profit | 412.37M | 463.77M | 670.91M | 781.35M | 637.43M | 575.79M |
| EBITDA | -898.48M | -880.51M | -541.90M | -337.28M | 56.90M | -3.56B |
| Net Income | -1.47B | -1.44B | -1.37B | -630.04M | -275.58M | -3.57B |
Balance Sheet | ||||||
| Total Assets | 7.10B | 7.36B | 10.40B | 8.33B | 7.06B | 7.37B |
| Cash, Cash Equivalents and Short-Term Investments | 3.73B | 4.22B | 3.51B | 1.16B | 485.07M | 195.62M |
| Total Debt | 7.04B | 7.36B | 8.88B | 4.18B | 2.92B | 2.46B |
| Total Liabilities | 8.59B | 8.74B | 10.30B | 8.29B | 6.63B | 6.66B |
| Stockholders Equity | -2.86B | -2.76B | -1.32B | 70.61M | 428.56M | 705.08M |
Cash Flow | ||||||
| Free Cash Flow | -54.50M | 31.41M | -154.58M | 39.22M | -612.18M | -1.01B |
| Operating Cash Flow | -51.25M | 54.84M | -132.37M | 57.52M | -599.49M | -992.62M |
| Investing Cash Flow | 188.59M | 155.35M | 223.57M | -178.32M | 10.32M | -30.48M |
| Financing Cash Flow | -2.95M | -1.64B | 2.50B | 613.93M | 721.44M | 1.05B |
Beijing Digital Telecom Co. Ltd. Class H Technical Analysis
Positive
0.40
Price Trends
0.38
Positive
0.47
Positive
0.45
Positive
Market Momentum
0.03
Negative
71.63
Negative
54.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6188, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.38, and below the 200-day MA of 0.45, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 71.63 is Negative, neither overbought nor oversold. The STOCH value of 54.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6188.
Beijing Digital Telecom Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$538.01M | -64.61 | -2.19% | 3.05% | 0.14% | -113.22% | |
63 Neutral | HK$482.20M | 36.02 | 0.98% | 55.55% | -8.17% | 56.87% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.59B | -9.57 | -3.70% | ― | 11.90% | 25.23% | |
53 Neutral | HK$185.73M | -3.62 | -11.12% | 10.87% | 7.36% | -251.43% | |
49 Neutral | HK$1.24B | -11.24 | -64.75% | 2.38% | -0.49% | -41.27% | |
48 Neutral | HK$438.80M | -0.25 | 52.35% | ― | 4.77% | -4.82% |
* Consumer Cyclical Sector Average
HK:6188
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Beijing Digital Telecom Co. Ltd. Class H Corporate Events
Beijing Digital Telecom Unit Secures RMB69.5 Million Factoring Facility to Bolster Liquidity
Sep 20, 2026
Beijing Digital Telecom’s wholly owned subsidiary Beijing Dixin Trading has entered into a factoring financing agreement with a financial institution, under which it will periodically assign trade receivables from credit sales to a factoring...
Beijing Digital Telecom Shareholders Back 2026 Auditor and New Board Line-Up
Aug 31, 2026
Beijing Digital Telecom Co., Ltd., a PRC-based telecom and digital products distributor with H shares listed in Hong Kong under stock code 6188, operates within the technology and communications sector serving the mainland China market. The compan...
Beijing Digital Telecom Details Board Composition and Committee Roles
Aug 31, 2026
Beijing Digital Telecom Co., Ltd. has announced the current composition of its board of directors, detailing executive, non‑executive, and independent non‑executive members and confirming Xu Liping as chairwoman. The Board has also out...
Beijing Digital Telecom Revenue Rises but Losses Deepen in First-Half 2026
Aug 28, 2026
Beijing Digital Telecom Co., Ltd., a PRC-based telecom products retailer and distributor, derives its revenue mainly from the sale of mobile phones and related smart devices and services across the Chinese market. The group leverages relationships...
Beijing Digital Telecom Clarifies 2026 Auditor Switch and Fee Structure
Aug 27, 2026
Beijing Digital Telecom Co., Ltd., a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 6188, operates in the telecommunications and digital products sector, offering distribution and ...
Beijing Digital Telecom Cuts Pay for Independent Directors in Remuneration Update
Aug 26, 2026
Beijing Digital Telecom Co., Ltd., a PRC-based telecom retailer and service provider listed in Hong Kong, operates through its subsidiaries to distribute mobile handsets and digital products, with a focus on the broader digital communications sect...
Beijing Digital Telecom Warns of Wider Interim Loss Amid Sluggish Offline Market
Aug 19, 2026
Beijing Digital Telecom Co., Ltd., a Hong Kong-listed PRC telecom and digital products retailer, derives much of its revenue from inventory-heavy distribution through both online and offline channels. Its profitability depends significantly on man...
Beijing Digital Telecom Sets Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
Beijing Digital Telecom Co., Ltd., a PRC-based telecommunications products distributor and retailer listed in Hong Kong, has a board that includes executive, non-executive and independent non-executive directors, led by chairwoman Xu Jili. The com...
Beijing Digital Telecom Sets 2026 EGM to Renew Board and Auditor
Aug 11, 2026
Beijing Digital Telecom Co., Ltd. has convened its first extraordinary general meeting of 2026 for 31 August in Beijing, where shareholders will vote on appointing SHINEWING (HK) CPA Limited as the company’s external auditor for the year and...
Beijing Digital Telecom proposes SHINEWING as new auditor for 2026
Aug 6, 2026
Beijing Digital Telecom has proposed appointing SHINEWING (HK) CPA Limited as its auditor for the financial year ending 31 December 2026, following a tender and procurement process overseen by its Audit Committee and Board. The appointment will ru...
Beijing Digital Telecom Sets Slate for Sixth-Term Board Restructuring
Aug 6, 2026
Beijing Digital Telecom Co., Ltd. has completed nominations for its sixth board, which will comprise nine directors, including one employee representative and three independent non-executive directors, in line with its articles and Hong Kong listi...
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.