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TUHU Car Inc. Class A
(9690)
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Rating:64Neutral
Price Target:
HK$13.50
▲(8.43% Upside)
Action:Reiterated
Date:09/07/26
The score is primarily supported by improved financial health (turnaround to positive earnings/cash flow and low leverage) but capped by very thin and declining margins. Technicals add only modest support with a better short-term trend than long-term trend and somewhat stretched momentum. Valuation is a drag due to the ~29.8 P/E and no dividend yield provided.
Positive Factors
Strong Revenue Recovery
The sharp TTM revenue increase shows that TUHU has regained substantial operating scale after its earlier downturn. Greater transaction volume can strengthen network utilization, support customer reach, and provide a broader base from which to improve earnings over the next several quarters.
Negative Factors
Thin, Declining Margins
Very limited operating profitability leaves little buffer if costs rise or demand weakens. The decline in net and EBIT margins also suggests that recent revenue scale has not translated proportionately into earnings, making durable profit expansion dependent on better efficiency and mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Recovery
The sharp TTM revenue increase shows that TUHU has regained substantial operating scale after its earlier downturn. Greater transaction volume can strengthen network utilization, support customer reach, and provide a broader base from which to improve earnings over the next several quarters.
Read all positive factors
TUHU Car Inc. Class A (9690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.49B
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)29.5
Beta (1Y)0.88
Revenue Growth15.91%
EPS Growth-37.62%
CountryHK
Employees4,687
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.36
Shares Outstanding755,860,350
10 Day Avg. Volume1,123,155
30 Day Avg. Volume1,193,414
Financial Highlights & Ratios
PEG Ratio-1.74
Price to Book (P/B)2.37
Price to Sales (P/S)0.73
P/FCF Ratio12.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$16.21Price Target Upside30.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.49
Revenue Forecast (FY)HK$18.26B
TUHU Car Inc. Class A Business Overview & Revenue Model
Company Description
TUHU Car Inc., along with its subsidiaries, functions as a comprehensive online-to-offline (O2O) platform delivering a wide array of automotive services across China. Its extensive offerings include a range of automotive products like tires, chass...
How the Company Makes Money
TUHU Car Inc. generates revenue primarily by facilitating transactions and services within the automotive aftermarket through its platform and affiliated service network. Key revenue streams include: (1) Product sales (or product-related revenue):...
TUHU Car Inc. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.36B | 16.46B | 14.76B | 13.60B | 11.55B | 11.72B |
| Gross Profit | 4.03B | 3.97B | 3.75B | 3.36B | 2.27B | 1.87B |
| EBITDA | 284.20M | 397.15M | 480.03M | 7.11B | -1.72B | -5.45B |
| Net Income | 297.68M | 420.39M | 483.79M | 6.70B | -2.14B | -5.84B |
Balance Sheet | ||||||
| Total Assets | 12.98B | 13.51B | 12.80B | 11.76B | 9.01B | 9.83B |
| Cash, Cash Equivalents and Short-Term Investments | 4.16B | 5.78B | 4.45B | 4.30B | 3.23B | 1.79B |
| Total Debt | 254.66M | 284.57M | 311.94M | 364.67M | 22.07B | 19.30B |
| Total Liabilities | 8.28B | 8.45B | 7.94B | 7.31B | 27.97B | 25.20B |
| Stockholders Equity | 4.71B | 5.06B | 4.86B | 4.46B | -18.96B | -15.37B |
Cash Flow | ||||||
| Free Cash Flow | 575.18M | 949.69M | 997.52M | 659.30M | -713.36M | -445.58M |
| Operating Cash Flow | 785.87M | 1.19B | 1.32B | 1.02B | -312.71M | -98.75M |
| Investing Cash Flow | 114.02M | 120.00M | -2.43B | -2.37B | 481.35M | -917.97M |
| Financing Cash Flow | -856.75M | -708.51M | -240.97M | 1.35B | 935.98M | 1.41B |
TUHU Car Inc. Class A Technical Analysis
Positive
12.45
Price Trends
12.35
Positive
12.82
Negative
14.02
Negative
Market Momentum
0.13
Negative
55.45
Neutral
67.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9690, the sentiment is Positive. The current price of 12.45 is above the 20-day moving average (MA) of 12.16, above the 50-day MA of 12.35, and below the 200-day MA of 14.02, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 67.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9690.
TUHU Car Inc. Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$4.20B | 7.38 | 26.57% | 11.72% | 22.02% | -10.82% | |
76 Outperform | HK$160.45B | 16.57 | 22.56% | 4.30% | 13.06% | -0.41% | |
69 Neutral | HK$4.37B | 3.68 | 13.84% | 7.45% | 8.69% | 2.14% | |
64 Neutral | HK$9.49B | 29.46 | 6.10% | ― | 15.91% | -37.62% | |
63 Neutral | HK$4.23B | 4.06 | 5.20% | 9.47% | 5.93% | -10.20% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | HK$5.51B | -106.68 | -5.52% | 5.59% | -2.65% | 69.13% |
* Consumer Cyclical Sector Average
HK:9690
TUHU Car Inc. Class A
12.42
-7.70
-38.27%
HK:2339
BeijingWest International
4.95
4.38
768.42%
HK:0819
Tianneng Power International
3.80
-3.76
-49.75%
HK:3606
Fuyao Glass Industry Group Co., Ltd. Class H
54.85
-17.24
-23.92%
HK:2488
Launch Tech Co. Ltd. Class H
6.83
-3.21
-31.94%
HK:1809
Prinx Chengshan Holdings Limited
6.72
-0.03
-0.49%
TUHU Car Inc. Class A Corporate Events
TUHU Car Grows Revenue and Network but Interim Profit Slides on Margin Pressure
Aug 21, 2026
TUHU Car Inc. reported interim results for the six months ended 30 June 2026, posting revenue of RMB8.78 billion, up 11.4% year-on-year, but with a sharp decline in profitability as gross margin narrowed and operating profit fell 51.4%. Profit for...
TUHU Car Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 5, 2026
TUHU Car Inc., an automotive services provider incorporated in the Cayman Islands and listed in Hong Kong under stock code 9690, operates through a group structure that includes subsidiaries and a board comprising executive, non-executive and inde...
Tuhu Car Launches HK$1.5 Billion Share Buyback and Employee Share Purchase Plan
Jun 29, 2026
Tuhu Car Inc. has approved an on-market repurchase of its Class A ordinary shares and a related share purchase program under its second post-IPO share scheme, with total funding of up to HK$1.5 billion. The repurchased shares will be bought in the...
TUHU Car Confidentially Files for Potential U.S. ADS Offering
Jun 29, 2026
TUHU Car Inc. has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of American depositary shares in the United States. The company has also fi...
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.