Wan Cheng Metal Packaging Company Limited (8291) AI Stock Analysis

Wan Cheng Metal Packaging Company Limited

(HKEX:8291)

Select Model

Rating:45Neutral

Price Target:HKD 0.22▲(3.24% Upside)

Action:reiterated

Date:10/22/26

The score is primarily held back by weak financial performance—negative equity and significant cash burn alongside negative operating margins—despite some TTM revenue recovery. Technicals are only mildly supportive near-term and still weak versus the 200-day trend, while valuation looks modest on P/E but is tempered by low-quality earnings and liquidity risk.

Positive Factors

TTM Revenue RecoveryThe return to revenue growth indicates that demand has recovered from the prior-year contraction and provides a more stable base for operating improvement. Although growth has not yet translated into profits, sustained sales recovery could support better capacity utilization and margin leverage over coming quarters.

Negative Factors

Negative Equity and Elevated LeverageNegative equity materially weakens the company’s financial flexibility and leaves debt elevated relative to its capital base. This structure increases refinancing and covenant risk, limits the ability to fund growth internally, and makes the business more vulnerable to further operating or liquidity setbacks.

Wan Cheng Metal Packaging Company Limited (8291) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 46.51M
Dividend Yield: ―
Average Volume (3M): 460.27K
Price to Earnings (P/E): 8.8
Beta (1Y): 0.11
Revenue Growth: 50.21%
EPS Growth: -74.97%
Country: Hong Kong
Employees: 46
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Packaging & Containers

Wan Cheng Metal Packaging Company Limited Business Overview & Revenue Model

Company Description

Hong Kong Entertainment International Holdings Ltd. specializes in the production of tinplate packaging solutions. Their primary offerings consist of tin cans and steel pails, which are predominantly utilized for storing paints and various coatings....

How the Company Makes Money

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Wan Cheng Metal Packaging Company Limited Financial Statement Overview

Summary

Revenue has recovered in TTM (~+12.9%), but overall fundamentals remain weak: very thin gross margin (~2.8%), negative operating profitability (EBIT margin ~-8.8%), negative equity (TTM about -61.1M) and a sharp deterioration to heavy cash burn (TTM operating cash flow ~-45.6M; free cash flow ~-46.4M). The profile is dominated by balance-sheet stress and liquidity risk.

Income Statement

38Negative

Balance Sheet

18Very Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.79M	45.31M	54.47M	48.55M	37.01M	45.62M
Gross Profit	574.00K	1.26M	1.77M	1.45M	4.08M	8.95M
EBITDA	-2.71M	-2.67M	267.36K	-22.08M	-7.34M	1.54M
Net Income	1.10M	3.28M	-6.91M	-27.04M	-104.03M	-54.70M
Balance Sheet
Total Assets	34.73M	43.97M	46.70M	113.65M	110.19M	203.28M
Cash, Cash Equivalents and Short-Term Investments	17.62M	20.16M	13.64M	33.31M	36.01M	22.22M
Total Debt	85.18M	83.64M	74.57M	120.75M	114.38M	137.21M
Total Liabilities	95.80M	102.30M	140.30M	200.99M	171.65M	185.02M
Stockholders Equity	-61.07M	-58.32M	-93.56M	-87.33M	-61.46M	18.25M
Cash Flow
Free Cash Flow	-46.37M	-44.08M	8.60M	-7.30M	28.18M	-35.28M
Operating Cash Flow	-45.55M	-43.28M	9.08M	-6.79M	36.52M	-24.54M
Investing Cash Flow	-799.00K	-1.56M	19.15M	-1.90M	-10.33M	-32.37M
Financing Cash Flow	43.94M	39.89M	-44.78M	2.44M	-9.52M	39.27M

Wan Cheng Metal Packaging Company Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.22

Price Trends

50DMA0.22Positive

100DMA0.22Negative

200DMA0.24Negative

Market Momentum

MACD0.00Positive

RSI50.29Neutral

STOCH52.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8291, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.22, and below the 200-day MA of 0.24, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 52.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8291.

Wan Cheng Metal Packaging Company Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:8291 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:6898	55Neutral	HKD 692.21M	28.57	12.61%	0.56%	19.35%	53.85%
HK:1820	45Neutral	HKD 841.77M	-20.91	-7.47%	2.86%	3.70%	-24.49%
HK:8291	45Neutral	HKD 46.08M	8.79	-1.85%	―	50.21%	-74.97%
HK:0716	41Neutral	HKD 869.51M	11.35	1.77%	9.59%	-28.18%	-67.44%

* Consumer Cyclical Sector Average

Performance Comparison

HK:8291 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8291	Wan Cheng Metal Packaging Company Limited	0.22	-0.01	-2.26%
HK:0468	Greatview Aseptic Packaging Company	2.50	0.00	0.00%
HK:0716	Singamas Container Holdings	0.36	-0.23	-39.17%
HK:1820	Pacific Millennium Packaging Group Corp.	2.80	0.65	30.11%
HK:6898	China Aluminum Cans Holdings Ltd.	0.72	-0.01	-0.69%
HK:2603	Xiamen Jihong Co., Ltd. Class H	10.65	-3.06	-22.34%

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 22, 2026

Wan Cheng Metal Packaging Company Limited AI Stock Analysis