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Chenqi Technology Ltd. (9680) AI Stock Analysis

HK:9680

Chenqi Technology Ltd.

(HKEX:9680)

Select Model
Rating:53Neutral
Price Target:HKD 6.50â–²(3.34% Upside)
Action:reiterated
Date:08/19/26

The overall score is driven primarily by a mixed financial profile, where strong revenue growth and margin improvement are outweighed by ongoing losses and persistent cash burn, keeping risk elevated despite low leverage. Secondary influences are constructive but not decisive technical signals, which point to improving short‑term momentum against a still‑weak long‑term trend, and a below‑average valuation constrained by negative earnings and no dividend support.

Positive Factors
Revenue GrowthThe sharp 2025 revenue rebound indicates stronger commercial activity and expanding scale after weaker periods. If maintained, this growth can improve operating leverage, support reinvestment, and strengthen the company’s ability to move toward sustainable profitability over the next several quarters.
Negative Factors
Ongoing UnprofitabilityThe company has not yet demonstrated sustainable earnings power because operating and net margins remained negative in 2025. Continued losses can constrain internal funding, make future growth more dependent on external resources, and leave execution vulnerable if margin improvement stalls.

Chenqi Technology Ltd. (9680) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-40%-30%-20%-10%0%10%20%HK:9680-36.46%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.28B
Dividend Yield
―
Average Volume (3M)
21.23K
Price to Earnings (P/E)
-4.5
Beta (1Y)
0.62
Revenue Growth
155.43%
EPS Growth
32.32%
Country
Hong Kong
Employees
409
Sector
General
Sector Strength
55
Industry
Rental & Leasing Services

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 di...

Chenqi Technology Ltd. Financial Statement Overview

Summary

Rapid revenue growth and improving margins supported by low leverage are offset by ongoing net losses and persistently negative operating and free cash flow, leaving the financial profile in a transitional and higher‑risk phase.

Income Statement

60Neutral

Balance Sheet

57Neutral

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.59B5.29B2.46B2.16B1.37B1.01B
Gross Profit1.08B627.99M-35.40M-150.44M-145.91M-245.12M
EBITDA-203.36M-265.28M-440.34M-654.98M-601.38M-668.91M
Net Income-235.66M-293.04M-564.18M-692.79M-626.78M-684.63M
Balance Sheet
Total Assets1.14B1.14B1.38B923.04M767.54M188.48M
Cash, Cash Equivalents and Short-Term Investments618.19M770.25M1.02B619.75M557.84M90.31M
Total Debt9.81M19.54M38.88M68.96M57.78M35.67M
Total Liabilities415.77M334.97M272.34M2.35B1.52B340.22M
Stockholders Equity716.99M806.76M1.11B-1.43B-749.64M-151.74M
Cash Flow
Free Cash Flow-224.59M-240.56M-537.18M-624.81M-715.69M-463.99M
Operating Cash Flow-207.12M-215.84M-529.88M-583.13M-665.82M-442.98M
Investing Cash Flow855.47M-448.75M13.14M-27.19M-37.61M-10.16M
Financing Cash Flow-10.15M-15.47M906.96M673.01M1.16B4.53M

Chenqi Technology Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price6.29

Price Trends

50DMA7.25Negative
100DMA6.96Negative
200DMA7.76Negative

Market Momentum

MACD-0.34Positive
RSI32.15Neutral
STOCH37.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9680, the sentiment is Negative. The current price of 6.29 is below the 20-day moving average (MA) of 6.81, below the 50-day MA of 7.25, and below the 200-day MA of 7.76, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 32.15 is Neutral, neither overbought nor oversold. The STOCH value of 37.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9680.

Chenqi Technology Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:9680 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:9680HK:968053NeutralHKD 1.28B-4.45-30.93%―155.43%32.32%

* General Sector Average

Performance Comparison

0%100%200%300%HK:9680HK:2431HK:9678HK:2597HK:2635HK:2632Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:9680 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:9680Chenqi Technology Ltd.6.29-3.73-37.23%
HK:2431Minieye Technology Co., Ltd. Class H1.61-23.95-93.70%
HK:9678Unisound AI Technology Co., Ltd.51.70-474.30-90.17%
HK:2597Beijing Xunzhong Communication Technology Co., Ltd. Class H31.0014.1183.54%
HK:2635Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. Class H5.40-31.70-85.44%
HK:2632Jiangsu New Vision Automotive Electronics Co. Ltd. Class H50.5522.6781.31%

Chenqi Technology Ltd. Corporate Events

Chenqi Technology Seeks Higher Cap on Connected Deals With Controlling Shareholder GAIG

Oct 21, 2026

Chenqi Technology Limited has a framework agreement with controlling shareholder GAIG and its associates for the supply of various products and services, forming a significant part of its continuing connected transactions in the Hong Kong market. GAI...

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, the...

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 consider...

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 stronger...

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 06, 2026