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State Innovation Holdings Limited
(8275)
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Rating:45Neutral
Price Target:
HK$0.09
▼(-14.55% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weak financial performance (sharp revenue contraction, deeply negative profitability, and ongoing cash burn). Technicals also point to a continuing downtrend with limited momentum support. Valuation is only mildly supportive because the negative P/E reflects losses and dividend yield data is unavailable.
Positive Factors
Minimal leverage
Very low leverage reduces balance-sheet risk and limits interest-related pressure on future cash flows. This gives the company greater financial flexibility than a highly indebted peer, although that advantage is tempered by weak profitability and persistent cash consumption.
Negative Factors
Severe revenue contraction
A revenue collapse of this magnitude signals substantial deterioration in the operating base and makes fixed-cost absorption more difficult. Unless sales recover materially, the reduced scale can continue to suppress margins, weaken earnings visibility, and limit internal funding capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Very low leverage reduces balance-sheet risk and limits interest-related pressure on future cash flows. This gives the company greater financial flexibility than a highly indebted peer, although that advantage is tempered by weak profitability and persistent cash consumption.
Read all positive factors
State Innovation Holdings Limited (8275) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$92.16M
Dividend YieldN/A
Average Volume (3M)7.42M
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-87.31%
EPS Growth48.24%
CountryHK
Employees12
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.04
Shares Outstanding959,985,530
10 Day Avg. Volume5,355,000
30 Day Avg. Volume7,423,826
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.70
Price to Sales (P/S)4.04
P/FCF Ratio-16.41
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
State Innovation Holdings Limited Business Overview & Revenue Model
Company Description
As an investment holding enterprise, State Innovation Holdings Limited specializes in delivering foundation construction services across Hong Kong. Its primary activities encompass executing bored piling and various other forms of foundation proje...
State Innovation Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.12M | 158.55M | 139.97M | 135.10M | 146.74M |
| Gross Profit | -21.39M | 13.57M | 34.93M | -6.97M | -23.40M |
| EBITDA | -39.70M | -22.08M | 17.09M | -17.45M | -30.00M |
| Net Income | -23.15M | -31.15M | 8.35M | -26.76M | -37.80M |
Balance Sheet | |||||
| Total Assets | 131.75M | 137.13M | 168.70M | 128.47M | 112.59M |
| Cash, Cash Equivalents and Short-Term Investments | 55.27M | 32.82M | 66.24M | 12.16M | 4.34M |
| Total Debt | 49.00K | 1.27M | 4.03M | 7.47M | 15.95M |
| Total Liabilities | 16.29M | 21.61M | 45.32M | 56.17M | 62.07M |
| Stockholders Equity | 115.46M | 115.53M | 123.38M | 72.62M | 50.53M |
Cash Flow | |||||
| Free Cash Flow | -4.95M | -30.04M | -4.13M | -37.77M | -17.30M |
| Operating Cash Flow | -4.91M | -26.69M | -2.35M | -19.84M | -9.65M |
| Investing Cash Flow | -16.14M | -20.80M | -6.38M | -18.52M | -7.17M |
| Financing Cash Flow | 23.35M | 19.58M | 44.71M | 39.55M | 13.63M |
State Innovation Holdings Limited Technical Analysis
Positive
0.11
Price Trends
0.09
Positive
0.09
Positive
0.10
Positive
Market Momentum
<0.01
Positive
54.68
Neutral
45.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8275, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 45.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8275.
State Innovation Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$96.60M | 1.72 | 10.81% | 10.43% | -5.20% | 420.03% | |
74 Outperform | HK$125.62M | 10.41 | 26.35% | 7.14% | 126.12% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$116.11M | -5.60 | -16.15% | ― | 7.92% | 35.49% | |
46 Neutral | HK$69.33M | -3.48 | -10.86% | ― | -3.52% | -163.38% | |
45 Neutral | HK$92.16M | -2.31 | -29.73% | ― | -87.31% | 48.24% | |
45 Neutral | HK$104.30M | -1.17 | -26.71% | ― | -51.29% | 43.87% |
* Industrials Sector Average
HK:8275
State Innovation Holdings Limited
0.10
-0.03
-21.95%
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0.58
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48.72%
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Shun Wo Group Holdings Ltd.
0.13
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1.15
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K W Nelson Interior Design and Contracting Group Limited
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72.60%
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.