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Huijing Holdings Company Limited
(9968)
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Rating:42Neutral
Price Target:
HK$0.18
â–²(790.00% Upside)
Action:Reiterated
Date:09/29/26
The score is primarily held down by very weak financial performance (persistent large losses, negative equity, and negative recent cash flows). Technical indicators show strong momentum, but extremely overbought readings raise near-term reversal risk. Valuation is also constrained by loss-making results (negative P/E) and no provided dividend support.
Positive Factors
Positive Gross Profit
Positive gross profit shows that property projects still generate value before operating and below-the-line expenses. Although current costs overwhelm this contribution, the underlying project economics provide a base that could support recovery if execution, pricing, and cost control improve.
Negative Factors
Revenue Contraction
Continued revenue contraction signals weakening project deliveries, sales activity, pricing, or some combination of these factors. A shrinking top line reduces operating leverage and makes it harder to absorb fixed costs, limiting the company’s ability to restore profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Gross Profit
Positive gross profit shows that property projects still generate value before operating and below-the-line expenses. Although current costs overwhelm this contribution, the underlying project economics provide a base that could support recovery if execution, pricing, and cost control improve.
Read all positive factors
Huijing Holdings Company Limited (9968) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$914.20M
Dividend Yield1.39%
Average Volume (3M)19.25M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth-44.87%
EPS Growth-109.21%
CountryHK
Employees74
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.32
Shares Outstanding5,254,000,000
10 Day Avg. Volume19,844,600
30 Day Avg. Volume19,245,333
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.04
Price to Sales (P/S)0.33
P/FCF Ratio-5.89
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
Huijing Holdings Company Limited Business Overview & Revenue Model
Company Description
Operating predominantly in Mainland China, Huijing Holdings Company Limited functions as an investment holding company primarily engaged in real estate development and investment. A key area of its operations is urban regeneration initiatives, whi...
How the Company Makes Money
The company primarily makes money from (1) revenue recognized on the sale of developed properties (e.g., residential and commercial units) in the PRC, which is typically the largest revenue stream for PRC-focused developers; this includes proceeds...
Huijing Holdings Company Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 185.67M | 300.29M | 240.91M | 941.22M | 85.89M | 5.31B |
| Gross Profit | -324.48M | -338.58M | 62.64M | 258.42M | 6.94M | 1.67B |
| EBITDA | -937.70M | -993.00M | -292.75M | -471.78M | -2.32B | 1.04B |
| Net Income | -1.69B | -1.71B | -799.48M | -696.72M | -2.45B | 256.14M |
Balance Sheet | ||||||
| Total Assets | 7.38B | 7.64B | 10.15B | 10.42B | 12.21B | 15.18B |
| Cash, Cash Equivalents and Short-Term Investments | 18.24M | 27.44M | 37.19M | 170.47M | 177.67M | 1.72B |
| Total Debt | 4.90B | 5.00B | 5.19B | 4.95B | 4.67B | 4.51B |
| Total Liabilities | 9.61B | 9.69B | 10.48B | 9.89B | 10.89B | 10.93B |
| Stockholders Equity | -2.69B | -2.52B | -847.91M | 12.18M | 732.69M | 3.32B |
Cash Flow | ||||||
| Free Cash Flow | 5.09M | -16.63M | -170.41M | 11.88M | -2.35B | -1.40B |
| Operating Cash Flow | -15.32M | -16.63M | -170.06M | 12.73M | -2.35B | -1.39B |
| Investing Cash Flow | 444.47K | 152.94K | 84.94M | -27.60M | 1.17B | -550.54M |
| Financing Cash Flow | -1.58M | -305.87K | 108.22M | 9.62M | -319.02M | 1.58B |
Huijing Holdings Company Limited Technical Analysis
Positive
0.02
Price Trends
0.07
Positive
0.05
Positive
0.04
Positive
Market Momentum
0.03
Negative
76.35
Negative
83.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9968, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.07, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 76.35 is Negative, neither overbought nor oversold. The STOCH value of 83.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9968.
Huijing Holdings Company Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | HK$168.25M | 0.03 | -50.76% | 4.04% | -73.22% | ― | |
50 Neutral | HK$155.32M | -1.37 | -58.03% | ― | -8.22% | 67.46% | |
43 Neutral | HK$141.41M | -0.01 | 43.10% | 10.37% | -66.81% | 17.12% | |
42 Neutral | HK$914.20M | -0.49 | 64.82% | 1.39% | -44.87% | -109.21% | |
41 Neutral | HK$114.80M | -0.12 | -6838.80% | 1.56% | -61.61% | 37.75% | |
40 Underperform | HK$143.16M | -0.02 | 592.20% | 41.82% | -55.40% | -340.10% |
* Real Estate Sector Average
HK:9968
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Huijing Holdings Company Limited Corporate Events
Huijing Holdings Faces Auditor Disclaimer Amid Severe Going Concern Risks
Sep 30, 2026
Huijing Holdings has disclosed that its auditor issued a disclaimer of opinion on the group’s 2025 financial statements due to severe going concern uncertainties, despite stating that other disclosure requirements were properly met. The comp...
Huijing Holdings Restores Governance Compliance with New Independent Director
Sep 30, 2026
Huijing Holdings Company Limited has appointed Mr. Tam Kok Ching as an independent non-executive director and chairman of its audit committee, effective 1 October 2026. Tam is a Hong Kong Institute of Certified Public Accountants member with more ...
Huijing Holdings Revamps Board and Committee Structure Ahead of 2026
Sep 30, 2026
Huijing Holdings Company Limited has updated its board composition, naming Mr. Lun Ruixiang as non-executive chairman alongside three executive directors and three independent non-executive directors. The structure underscores a balance between ma...
Huijing Holdings Deepens Interim Loss on Collapsing Revenue and High Finance Costs
Aug 28, 2026
Huijing Holdings Company Limited reported a sharp contraction in business for the six months ended 30 June 2026, with revenue plunging 84.2% year-on-year to approximately RMB21.5 million as contracted sales, including joint ventures, fell to about...
Huijing Holdings Flags Narrower Interim Loss Amid Market Weakness and Rising Finance Costs
Aug 19, 2026
Huijing Holdings has warned investors it expects to post a net loss of about RMB227.0 million for the six months ended 30 June 2026, a modest improvement from the RMB240.9 million loss a year earlier. The narrowing loss is mainly driven by reduced...
Huijing Holdings Sets Board Meeting to Review Interim Results and Dividend
Aug 17, 2026
Huijing Holdings Company Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim divid...
Huijing Holdings Faces Governance Gap After Audit Chair Resigns
Jul 31, 2026
Huijing Holdings Company Limited has reported the resignation of independent non-executive director Mr Chan Kin Man, who also served as chairman of the audit committee, effective 31 July 2026. The board noted that Mr Chan is leaving due to other b...
Huijing Holdings Sets Out Board and Committee Structure
Jul 31, 2026
Huijing Holdings Company Limited has confirmed the current composition of its board of directors, detailing a structure that includes a non-executive chairman, three executive directors and two independent non-executive directors. This configurati...
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.