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Shenglong Splendecor International Limited (HK:8481)
:8481
Hong Kong Market
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Shenglong Splendecor International Limited (8481) AI Stock Analysis

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HK:8481

Shenglong Splendecor International Limited

(8481)

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Neutral 64 (OpenAI - Gpt-5.6Sol)
Rating:64Neutral
Price Target:
HK$0.45
▲(2.05% Upside)
Action:Reiterated
Date:08/21/26
The score is driven mainly by improved profitability but constrained by weak cash generation and higher leverage, which increase funding and balance-sheet risk. Technicals are supportive with price above major moving averages, but extreme overbought readings reduce confidence in near-term sustainability. Valuation is a positive contributor due to the very low P/E.
Positive Factors
Margin Expansion
The substantial expansion in gross and net margins indicates stronger earnings conversion from revenue and improved operating economics. If retained, this profitability uplift can support reinvestment, strengthen resilience against cost pressure, and provide a more durable earnings base over the next several quarters.
Negative Factors
Rising Leverage
The sharp increase in debt and debt-to-equity indicates materially reduced balance-sheet flexibility. Higher leverage raises refinancing exposure and makes the company more sensitive to weaker operating conditions, because a greater share of future cash resources may need to support debt obligations rather than growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
The substantial expansion in gross and net margins indicates stronger earnings conversion from revenue and improved operating economics. If retained, this profitability uplift can support reinvestment, strengthen resilience against cost pressure, and provide a more durable earnings base over the next several quarters.
Read all positive factors

Shenglong Splendecor International Limited (8481) vs. iShares MSCI Hong Kong ETF (EWH)

Shenglong Splendecor International Limited Business Overview & Revenue Model

Company Description
Shenglong Splendecor International Limited operates as an investment holding firm primarily engaged in the manufacturing and distribution of decorative printing materials. The company's diverse product range includes decorative papers, melamine-im...
How the Company Makes Money
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Shenglong Splendecor International Limited Financial Statement Overview

Summary
Profitability improved materially (gross margin ~19% in 2021 to ~35% in 2025; net margin ~2–3% to ~13%), but this is offset by rising leverage (debt/equity ~1.67x in 2025) and weak cash conversion with negative/volatile free cash flow (about -HK$219m in 2025). Revenue volatility adds cyclical risk.
Income Statement
78
Positive
Balance Sheet
57
Neutral
Cash Flow
34
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue570.58M585.65M540.54M448.80M494.96M
Gross Profit198.00M190.35M156.09M101.95M94.41M
EBITDA123.82M113.84M79.03M50.83M43.78M
Net Income73.88M47.51M28.35M12.06M13.60M
Balance Sheet
Total Assets1.15B874.92M694.07M580.96M593.95M
Cash, Cash Equivalents and Short-Term Investments145.17M55.62M84.45M10.28M25.09M
Total Debt551.09M381.04M251.44M217.02M190.58M
Total Liabilities818.24M596.09M438.53M353.80M378.56M
Stockholders Equity329.30M278.83M255.54M227.16M215.39M
Cash Flow
Free Cash Flow-218.98M-113.39M49.92M-64.08M-33.04M
Operating Cash Flow39.12M57.40M72.95M-9.97M30.83M
Investing Cash Flow-102.55M-173.21M-29.82M-9.74M-75.98M
Financing Cash Flow141.25M94.21M24.19M16.87M43.24M

Shenglong Splendecor International Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.44
Price Trends
50DMA
0.38
Positive
100DMA
0.38
Positive
200DMA
0.41
Positive
Market Momentum
MACD
0.02
Positive
RSI
48.31
Neutral
STOCH
57.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8481, the sentiment is Neutral. The current price of 0.44 is below the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.38, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 57.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8481.

Shenglong Splendecor International Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
HK$170.17M1.8124.65%-5.13%-4.83%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
HK$1.18B7.292.76%4.52%14.95%-15.17%
53
Neutral
HK$182.50M4.353.15%3.07%15.13%59.45%
43
Neutral
HK$238.83M-2.72-61.16%1148.99%-24.81%-131.67%
41
Neutral
HK$4.37B-1.07-447.20%4.48%4.20%52.87%
40
Underperform
HK$424.38M-3.46-92.76%5.45%27.73%-478.69%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8481
Shenglong Splendecor International Limited
0.42
-0.06
-12.50%
HK:1812
Shandong Chenming Paper Holdings Co., Ltd. Class H
0.62
-0.32
-34.57%
HK:1822
China Wood International Holding Co., Limited
0.12
-0.02
-11.03%
HK:2002
China Sunshine Paper Holdings Co. Ltd.
1.11
-0.70
-38.61%
HK:3363
Zhengye International Holdings Co., Ltd.
0.37
-0.01
-2.67%
HK:0731
C&D Newin Paper & Pulp Corporation Limited
0.30
0.11
62.16%
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: Aug 21, 2026