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Chenqi Technology Ltd.
(9680)
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Rating:47Neutral
Price Target:
HK$8.00
▼(-15.70% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by continued unprofitability and consistently negative operating and free cash flow despite strong 2025 revenue growth and improving margins. Technicals show a moderate recovery but not a clear long-term uptrend (still below the 200-day average and MACD slightly negative). Valuation remains challenged because losses drive a negative P/E and no dividend support is indicated.
Positive Factors
Revenue Growth
The sharp 2025 revenue rebound indicates stronger business activity and customer adoption. Sustaining this growth could improve operating leverage and provide a foundation for eventual profitability, although execution must continue across future reporting periods.
Negative Factors
Persistent Unprofitability
Despite stronger revenue and improving margins, the company has not yet demonstrated sustainable earnings power. Continued operating and net losses could constrain reinvestment, delay self-funded growth, and leave results dependent on further execution improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp 2025 revenue rebound indicates stronger business activity and customer adoption. Sustaining this growth could improve operating leverage and provide a foundation for eventual profitability, although execution must continue across future reporting periods.
Read all positive factors
Chenqi Technology Ltd. (9680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.61B
Dividend YieldN/A
Average Volume (3M)24.42K
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue Growth155.43%
EPS Growth32.32%
CountryHK
Employees409
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-1.49
Shares Outstanding204,113,850
10 Day Avg. Volume1,710
30 Day Avg. Volume24,420
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.02
Price to Sales (P/S)0.31
P/FCF Ratio-6.77
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
Chenqi Technology Ltd. Business Overview & Revenue Model
Company Description
Established in 2019 and headquartered in Guangzhou, China, Chenqi Technology Limited operates as a Chinese company specializing in innovative mobility technology and service solutions. Its business operations are strategically organized into three...
Chenqi Technology Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.29B | 2.46B | 2.16B | 1.37B | 1.01B |
| Gross Profit | 627.99M | -35.40M | -150.44M | -145.91M | -245.12M |
| EBITDA | -285.47M | -464.78M | -654.98M | -601.38M | -668.91M |
| Net Income | -293.04M | -564.18M | -692.79M | -626.78M | -684.63M |
Balance Sheet | |||||
| Total Assets | 1.14B | 1.38B | 923.04M | 767.54M | 188.48M |
| Cash, Cash Equivalents and Short-Term Investments | 770.25M | 1.02B | 619.75M | 557.84M | 90.31M |
| Total Debt | 19.54M | 38.88M | 68.96M | 57.78M | 35.67M |
| Total Liabilities | 334.97M | 272.34M | 2.35B | 1.52B | 340.22M |
| Stockholders Equity | 806.76M | 1.11B | -1.43B | -749.64M | -151.74M |
Cash Flow | |||||
| Free Cash Flow | -240.56M | -537.18M | -624.81M | -715.69M | -463.99M |
| Operating Cash Flow | -215.84M | -529.88M | -583.13M | -665.82M | -442.98M |
| Investing Cash Flow | -448.75M | 13.14M | -27.19M | -37.61M | -10.16M |
| Financing Cash Flow | -15.47M | 906.96M | 673.01M | 1.16B | 4.53M |
Chenqi Technology Ltd. Technical Analysis
Positive
9.49
Price Trends
6.86
Positive
7.35
Positive
8.23
Negative
Market Momentum
0.16
Positive
57.16
Neutral
56.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9680, the sentiment is Positive. The current price of 9.49 is above the 20-day moving average (MA) of 7.59, above the 50-day MA of 6.86, and above the 200-day MA of 8.23, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 56.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9680.
Chenqi Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
HK:9680
Chenqi Technology Ltd.
7.85
-4.03
-33.92%
HK:2431
Minieye Technology Co., Ltd. Class H
2.38
-21.22
-89.92%
HK:9678
Unisound AI Technology Co., Ltd.
86.00
-442.50
-83.73%
HK:2597
Beijing Xunzhong Communication Technology Co., Ltd. Class H
35.02
16.84
92.63%
HK:2635
Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. Class H
10.58
-26.52
-71.48%
HK:2632
Jiangsu New Vision Automotive Electronics Co. Ltd. Class H
60.00
32.12
115.21%
Chenqi Technology Ltd. Corporate Events
Chenqi Technology Doubles Mobility Scale as Interim Losses Narrow
Aug 19, 2026
Chenqi Technology Limited reported a sharp expansion in business activity for the six months ended June 30, 2026, with revenue surging 140.7% year-on-year to RMB4.04 billion and gross profit rising 156.3% to RMB500.9 million. Despite the growth, t...
Chenqi Technology Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 7, 2026
Chenqi Technology Limited has scheduled a board meeting for August 19, 2026, to review and approve the interim results for the six months ended June 30, 2026, covering the company and its consolidated affiliated entities. The board will also consi...
Chenqi Technology Flags Surge in Revenue and Sharply Narrowed Loss for First Half of 2026
Aug 3, 2026
Chenqi Technology Limited has issued a positive profit alert, projecting at least RMB3.9 billion in revenue for the first half of 2026, a rise of no less than 132.6% year on year, driven mainly by a sharp increase in ride-hailing orders and strong...
Chenqi Technology Wins Strong Shareholder Backing at 2026 AGM
Jun 26, 2026
Chenqi Technology Limited reported that all resolutions tabled at its annual general meeting on June 26, 2026, were approved by shareholders through a poll. The meeting covered adoption of the 2025 audited financial statements and directors’...
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.