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China Hongguang Holdings Limited
(8646)
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Rating:76Outperform
Price Target:
HK$0.40
▲(88.57% Upside)
Action:Upgraded
Date:09/17/26
The score is driven mainly by strong valuation (very low P/E) and constructive technical momentum (price above major moving averages with positive MACD). Offsetting these positives, financial performance is held back by weak earnings-to-cash conversion and historically inconsistent operating cash flow, which increases quality and working-capital risk.
Positive Factors
Reaccelerating Revenue Growth
Revenue growth has reaccelerated materially after a flat 2025, indicating improving demand and business activity. If maintained, stronger sales can support operating scale, reinforce market position, and provide a foundation for sustained earnings growth over the next several quarters.
Negative Factors
Weak and Inconsistent Cash Conversion
Repeated periods of negative operating cash flow and very low TTM conversion show that reported profits have not consistently translated into cash. Persistent working-capital swings can weaken funding flexibility, increase reliance on balance-sheet resources, and reduce the quality of earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating Revenue Growth
Revenue growth has reaccelerated materially after a flat 2025, indicating improving demand and business activity. If maintained, stronger sales can support operating scale, reinforce market position, and provide a foundation for sustained earnings growth over the next several quarters.
Read all positive factors
China Hongguang Holdings Limited (8646) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$230.98M
Dividend YieldN/A
Average Volume (3M)5.22M
Price to Earnings (P/E)3.6
Beta (1Y)-0.75
Revenue Growth19.71%
EPS Growth-29.05%
CountryHK
Employees44
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.07
Shares Outstanding782,990,000
10 Day Avg. Volume2,192,000
30 Day Avg. Volume5,216,666
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.39
P/FCF Ratio-7.02
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
China Hongguang Holdings Limited Business Overview & Revenue Model
Company Description
China Hongguang Holdings Limited functions as an investment holding enterprise, primarily engaged in the manufacturing and distribution of architectural glass solutions throughout the People's Republic of China. The company's offerings include a r...
China Hongguang Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 318.62M | 242.58M | 242.20M | 217.14M | 208.66M | 203.07M |
| Gross Profit | 95.36M | 74.01M | 63.12M | 63.76M | 65.17M | 57.50M |
| EBITDA | 72.83M | 74.81M | 37.48M | 53.73M | 53.44M | 54.40M |
| Net Income | 51.79M | 57.04M | 21.14M | 35.73M | 34.56M | 39.00M |
Balance Sheet | ||||||
| Total Assets | 693.38M | 563.96M | 468.69M | 439.01M | 407.38M | 323.96M |
| Cash, Cash Equivalents and Short-Term Investments | 20.47M | 34.62M | 61.99M | 89.52M | 68.15M | 12.93M |
| Total Debt | 59.48M | 52.49M | 72.57M | 79.29M | 81.24M | 53.19M |
| Total Liabilities | 209.69M | 96.48M | 126.90M | 121.10M | 138.07M | 123.38M |
| Stockholders Equity | 483.69M | 465.49M | 341.79M | 317.92M | 269.32M | 200.58M |
Cash Flow | ||||||
| Free Cash Flow | 17.19M | -13.58M | 12.21M | -16.36M | -57.87M | 4.80M |
| Operating Cash Flow | 17.19M | -13.58M | 12.21M | -10.11M | -56.97M | 15.11M |
| Investing Cash Flow | -10.27M | 0.00 | 2.00K | -6.24M | -890.00K | -10.30M |
| Financing Cash Flow | 12.14M | 44.83M | -10.85M | 4.25M | 58.20M | 6.12M |
China Hongguang Holdings Limited Technical Analysis
Positive
0.21
Price Trends
0.25
Positive
0.26
Positive
0.24
Positive
Market Momentum
0.01
Positive
54.08
Neutral
39.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8646, the sentiment is Positive. The current price of 0.21 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.25, and below the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.08 is Neutral, neither overbought nor oversold. The STOCH value of 39.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8646.
China Hongguang Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$230.98M | 3.56 | 10.91% | ― | 19.71% | -29.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$240.00M | -48.60 | -2.42% | ― | -14.83% | -129.76% | |
53 Neutral | HK$404.48M | -22.44 | -13.58% | ― | 4.31% | -426.67% | |
43 Neutral | HK$98.84M | -1.01 | -16.95% | ― | 6.83% | 77.80% | |
41 Neutral | HK$233.09M | -0.71 | 118.96% | 3.51% | -50.93% | 43.67% |
* Industrials Sector Average
HK:8646
China Hongguang Holdings Limited
0.30
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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.