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Shanxi Changcheng Microlight Equipment Co. Ltd. Class H (HK:8286)
:8286
Hong Kong Market
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Shanxi Changcheng Microlight Equipment Co. Ltd. Class H (8286) AI Stock Analysis

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HK:8286

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H

(8286)

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Neutral 43 (OpenAI - Gpt-5.6Sol)
Rating:43Neutral
Price Target:
HK$0.11
▲(0.91% Upside)
Action:Reiterated
Date:10/23/26
The score is driven down primarily by very weak financial performance—deep operating and net losses, a highly stressed balance sheet with materially negative equity and meaningful debt, and fragile/negative free cash flow. Technicals are mixed-to-neutral (modest positive MACD and mid-range RSI) but the price remains below key moving averages, providing limited support. Valuation is also challenged due to a negative P/E and no provided dividend yield.
Positive Factors
Revenue Growth
Strong TTM revenue growth indicates improving demand for the company’s products and expanding sales activity. If sustained, this growth can increase operating scale, support better absorption of fixed costs, and provide a foundation for improving profitability over the next several quarters.
Negative Factors
Severe Operating Losses
Severe operating and net losses show that current revenue is not sufficient to cover the company’s broader cost structure. This weak earnings conversion limits internally generated capital, makes profitable growth uncertain, and leaves the business vulnerable if revenue growth moderates.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong TTM revenue growth indicates improving demand for the company’s products and expanding sales activity. If sustained, this growth can increase operating scale, support better absorption of fixed costs, and provide a foundation for improving profitability over the next several quarters.
Read all positive factors

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H (8286) vs. iShares MSCI Hong Kong ETF (EWH)

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Business Overview & Revenue Model

Company Description
Shanxi Changcheng Microlight Equipment Co. Ltd. specializes in the entire lifecycle of image transmission fiber optic products, from initial research and design to development, manufacturing, and distribution. The company's sales territories inclu...

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Financial Statement Overview

Summary
Despite strong TTM revenue growth (+18.7%) and a reasonable gross margin (~31.8%), profitability is severely weak (EBIT margin ~-85%, net margin ~-159%). The balance sheet is highly stressed with materially negative shareholder equity (TTM ~-175.5M) alongside sizable debt (~113.0M). Cash generation is fragile with minimal operating cash flow (~0.17M) and negative free cash flow (~-0.37M), increasing funding/refinancing risk.
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
22
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue17.59M18.48M17.14M26.72M15.54M18.42M
Gross Profit5.68M6.38M6.43M12.38M5.96M3.32M
EBITDA-8.58M-10.89M-18.48M3.64M20.11M-14.37M
Net Income-29.69M-24.91M-33.62M-10.38M7.21M-40.39M
Balance Sheet
Total Assets159.96M160.25M162.87M171.67M150.65M148.50M
Cash, Cash Equivalents and Short-Term Investments194.96K383.16K292.00K277.00K405.00K399.00K
Total Debt113.04M107.42M70.77M70.79M68.60M116.37M
Total Liabilities335.65M316.72M304.80M279.97M248.57M262.93M
Stockholders Equity-175.49M-166.71M-141.72M-108.19M-97.80M-114.30M
Cash Flow
Free Cash Flow-366.00K-189.00K732.00K-1.75M-403.00K502.00K
Operating Cash Flow168.00K345.00K891.00K-1.25M-362.00K511.00K
Investing Cash Flow-375.00K-374.00K-231.00K5.33M283.00K382.00K
Financing Cash Flow110.00K120.00K-645.00K-4.21M85.00K-1.71M

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.11
Price Trends
50DMA
0.12
Positive
100DMA
0.12
Positive
200DMA
0.14
Negative
Market Momentum
MACD
<0.01
Positive
RSI
57.84
Neutral
STOCH
83.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8286, the sentiment is Positive. The current price of 0.11 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.84 is Neutral, neither overbought nor oversold. The STOCH value of 83.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8286.

Shanxi Changcheng Microlight Equipment Co. Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
HK$42.97B14.2010.42%0.95%15.86%24.46%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
57
Neutral
HK$2.85B101.670.86%0.28%4.27%―
57
Neutral
HK$161.46B59.6430.10%1.63%77.21%1009.34%
55
Neutral
HK$1.42B32.0914.03%1.25%4.77%19.94%
53
Neutral
HK$624.71M-19.35-2.26%13.33%-16.00%-811.76%
43
Neutral
HK$42.93M-1.2217.35%―8.42%10.05%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8286
Shanxi Changcheng Microlight Equipment Co. Ltd. Class H
0.14
-0.02
-13.12%
HK:2018
AAC Technologies Holdings
36.82
-2.94
-7.39%
HK:2342
Comba Telecom Systems Holdings
0.92
-1.84
-66.85%
HK:2000
SIM Technology Group
0.30
-0.07
-18.92%
HK:6869
Yangtze Optical Fibre and Cable Joint Stock Co
96.15
60.62
170.62%
HK:1473
Pangaea Connectivity Technology Limited
1.20
0.79
189.86%
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 23, 2026