China Technology Industry Group Limited - 8111.HK

8111.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
8111.HK	2.1	2.6	8.8	66.4	127.6	153.8	3.7	-47.2	-65.6	-90.6
S&P 500	1.0	3.7	2.2	2.3	8.9	23.9	32.3	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	8111.HK
name	China Technology Industry Group Limited
price	0.198
changes percentage	2.0619
change	0.004
day low	0.198
day high	0.198
year high	0.203
year low	0.065
market cap	91273446
price avg 50	0.17124
price avg 200	0.111335
exchange	HKSE
volume	20000
avg volume	37725
open	0.198
previous close	0.194
eps	-0.11
pe	-1.8
earnings announcement	2025-02-07T08:32:37.000+0000
shares outstanding	460977000
timestamp	2025-01-15 08:08:28

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 27.7%

Overall Quarterly Financial Health: 33.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	42510000	-100.00
gross profit	0	2217000	-100.00
gross profit ratio	0	0.05	-100.00
research and development expenses	0	0	NaN
operating expenses	43663000	13681000	219.15
interest income	5607000	9000	62200.00
interest expense	0	3809000	-100.00
ebitda	-43648000	-19554000	-123.22
ebitdaratio	0	-0.28	100.00
operating income	-43663000	-26672000	-63.70
operating income ratio	0	-0.63	100.00
net income	-47153000	-25140000	-87.56
net income ratio	0	-0.59	100.00
eps	-0.1	-0.06	-78.25

Overall Score of Annual Income Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 0 million in 2023 from 43 million in 2022 representing a change of -100.0%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 0 million in 2023 from 2 million in 2022 representing a change of -100.0%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 44 million in 2023 from 14 million in 2022 representing a change of 219.15%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Earnings per Share (EPS): EPS increased to -0.1 in 2023 from -0.1 in 2022 representing a change of -78.25%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -44 million in 2023 from -20 million in 2022 representing a change of -123.22%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -44 million in 2023 from -27 million in 2022 representing a change of -63.7%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -47 million in 2023 from -25 million in 2022 representing a change of -87.56%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	18658000	17052999	9.41
interest income	1132000	1132000	0.00
interest expense	0	0	NaN
ebitda	-18654250	-18602000	-0.28
ebitdaratio	0	0	NaN
operating income	-18658000	-18658000	0.00
operating income ratio	0	0	NaN
net income	-18093000	-18093000	0.00
net income ratio	0	0	NaN
eps	-0.04	-0.04	0.00

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 19 million in 2023Q4 from 17 million in 2023Q3 representing a change of 9.41%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -19 million in 2023Q4 from -19 million in 2023Q3 representing a change of -0.28%. The increase in EBITDA indicates improved operational efficiency and profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	102606000	142045000	-27.77
total liabilities	62484000	82595000	-24.35
total equity	40122000	59450000	-32.51
cash and cash equivalents	517000	3421000	-84.89
short term investments	46000	2146000	-97.86
long term investments	0	0	NaN
total current assets	66860000	122216000	-45.29
total non current assets	35746000	19829000	80.27
total current liabilities	21136000	82169000	-74.28
total non current liabilities	41348000	426000	9606.10
common stock	195699000	189876000	3.07
retained earnings	-266332000	-219179000	-21.51
total debt	41797000	52764000	-20.79

Overall Score of Annual Balance Sheet

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 103 million in 2023 from 142 million in 2022 representing a change of -27.77%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 40 million in 2023 from 59 million in 2022 representing a change of -32.51%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2023 from 3 million in 2022 representing a change of -84.89%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 2 million in 2022 representing a change of -97.86%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 67 million in 2023 from 122 million in 2022 representing a change of -45.29%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -266 million in 2023 from -219 million in 2022 representing a change of -21.51%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 62 million in 2023 from 83 million in 2022 representing a change of -24.35%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 21 million in 2023 from 82 million in 2022 representing a change of -74.28%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 196 in 2023 from 190 in 2022 representing a change of 3.07%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 42 million in 2023 from 53 million in 2022 representing a change of -20.79%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
total assets	102606000	102606000	0.00
total liabilities	62484000	62484000	0.00
total equity	40122000	40122000	0.00
cash and cash equivalents	517000	517000	0.00
short term investments	46000	46000	0.00
long term investments	0	0	NaN
total current assets	66860000	66860000	0.00
total non current assets	35746000	35746000	0.00
total current liabilities	21136000	21136000	0.00
total non current liabilities	41348000	41348000	0.00
common stock	195699000	195699000	0.00
retained earnings	-266332000	-266332000	0.00
total debt	52000000	51551000	0.87

Overall Score of Quarterly Balance Sheet

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Debt: Total Debt increased to 52 million in 2023Q4 from 52 million in 2023Q3 representing a change of 0.87%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-2904000	-616000	-371.43
operating cash flow	6725000	19217000	-65.00
free cash flow	-10170000	331000	-3172.51
capital expenditure	-16895000	-18886000	10.54
depreciation and amortization	1016000	1314000	-22.68
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-16895000	-18886000	10.54
net cash used for investing activites	-16891000	-18877000	10.52
debt repayment	7946000	6326000	25.61
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	7262000	-969000	849.43
cash at end of period	517000	3421000	-84.89
accounts receivables	29670000	28100000	5.59
cash at beginning of period	3421000	4037000	-15.26

Overall Score of Annual Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -3 million in 2023 from -1 million in 2022 representing a change of -371.43%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 7 million in 2023 from 19 million in 2022 representing a change of -65.0%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -10 million in 2023 from 0 million in 2022 representing a change of -3172.51%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to -17 million in 2023 from -19 million in 2022 representing a change of 10.54%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 30 in 2023 from 28 million in 2022 representing a change of 5.59%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
operating cash flow	1229000	1229000	0.0
free cash flow	-2695500	-2695500	0.0
capital expenditure	-3924500	-3924500	0.0
depreciation and amortization	251500	251500	0.0
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	13020000	13020000	0.0
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-3924500	-3924500	0.0
net cash used for investing activites	-3925000	-3925000	0.0
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1486500	1486500	0.0
net change in cash	-1209500	-1209500	0.0
cash at end of period	-1209500	-1209500	0.0
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2024-03-31	2023-03-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0.09	-100.00
net income per share	-0.1	-0.06	-86.10
operating cash flow per share	0.01	0.04	-65.28
free cash flow per share	-0.02	0.0	-3148.50
cash per share	0.0	0.01	-89.97
book value per share	0.09	0.13	-33.04
tangible book value per share	0.05	0.09	-45.47
shareholders equity per share	0.09	0.13	-33.04
interest debt per share	0.09	0.13	-26.70
market cap	33372038.92	33310499.98	0.18
enterprise value	74652038.92	82653499.98	-9.68
pe ratio	-0.71	-1.32	46.59
price to sales ratio	0	0.78	-100.00
pocfratio	4.96	1.73	186.28
pfcf ratio	-3.28	100.64	-103.26
pb ratio	0.83	0.56	48.45
ptb ratio	0.83	0.56	48.45
ev to sales	0	1.94	-100.00
enterprise value over ebitda	-1.71	-4.23	59.54
ev to operating cash flow	11.1	4.3	158.09
ev to free cash flow	-7.34	249.71	-102.94
earnings yield	-1.41	-0.75	-87.22
free cash flow yield	-0.3	0.01	-3166.84
debt to equity	1.04	0.89	17.38
debt to assets	0.41	0.37	9.66
net debt to ebitda	-0.95	-2.52	62.52
current ratio	3.16	1.49	112.68
interest coverage	0	-7.0	100.00
income quality	-0.14	-0.78	81.76
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0.32	-100.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.17	0.12	35.61
capex to operating cash flow	2.51	0.98	155.63
capex to revenue	0	0.44	-100.00
capex to depreciation	16.63	14.37	15.70
stock based compensation to revenue	0	0	NaN
graham number	0.46	0.41	11.63
roic	-0.48	-0.22	-114.24
return on tangible assets	-0.55	-0.2	-173.17
graham net net	-0.03	0.02	-311.34
working capital	45724000	40047000	14.18
tangible asset value	23149000	42123000	-45.04
net current asset value	4376000	39621000	-88.96
invested capital	81255000	59660000	36.20
average receivables	87163500	134038000	-34.97
average payables	3734500	6341000	-41.11
average inventory	0.5	1	-50.00
days sales outstanding	0	964.95	-100.00
days payables outstanding	0	56.76	-100.00
days of inventory on hand	0	0.0	-100.00
receivables turnover	0	0.38	-100.00
payables turnover	0	6.43	-100.00
inventory turnover	0	40293000	-100.00
roe	-1.18	-0.42	-177.92
capex per share	0.04	0.04	-11.24

• Negative

  ROE: Return on Equity (ROE) decreased to -1.18 on 2024-03-31 from -0.42 on 2023-03-31, representing a change of -177.92%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio increased to 3.16 on 2024-03-31 from 1.49 on 2023-03-31, representing a change of 112.68%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -0.71 on 2024-03-31 from -1.32 on 2023-03-31, representing a change of 46.59%. Indicating an increase in the relative valuation of the company's stock.

• Debt-to-Equity Ratio:

• Quarterly Financial Ratios

	2024-03-31 Q4	2023-12-31 Q3	Q/Q change %
8111.HK
calendar year	2023	2023	NaN
revenue per share	0	0	NaN
net income per share	-0.04	-0.04	0.00
operating cash flow per share	0.0	0.0	0.00
free cash flow per share	-0.01	-0.01	0.00
cash per share	0.0	0.0	0.00
book value per share	0.09	0.09	0.00
tangible book value per share	0.09	0.09	0.00
shareholders equity per share	0.09	0.09	0.00
interest debt per share	0.11	0.11	0.87
market cap	33644282.95	26818028.78	25.45
enterprise value	85127282.95	77852028.78	9.34
pe ratio	-0.46	-0.37	-25.45
price to sales ratio	0	0	NaN
pocfratio	27.38	21.82	25.45
pfcf ratio	-12.48	-9.95	-25.45
pb ratio	0.84	0.67	25.45
ptb ratio	0.84	0.67	25.45
ev to sales	0	0	NaN
enterprise value over ebitda	-4.56	-4.19	-9.04
ev to operating cash flow	69.27	63.35	9.34
ev to free cash flow	-31.58	-28.88	-9.34
earnings yield	-0.54	-0.67	20.29
free cash flow yield	-0.08	-0.1	20.29
debt to equity	1.3	1.28	0.87
debt to assets	0.51	0.5	0.87
net debt to ebitda	-2.76	-2.74	-0.60
current ratio	3.16	3.16	0.00
interest coverage	0	0	NaN
income quality	-0.07	-0.07	0.00
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	3.19	3.19	0.00
capex to revenue	0	0	NaN
capex to depreciation	15.6	15.6	0.00
stock based compensation to revenue	0	0	NaN
graham number	0.28	0.28	0.00
roic	-0.2	-0.2	0.00
return on tangible assets	-0.18	-0.18	0.00
graham net net	-0.03	-0.03	-0.00
working capital	45724000	45724000	0.00
tangible asset value	40122000	40122000	0.00
net current asset value	4376000	4376000	0.00
invested capital	81255000	81255000	0.00
average receivables	61943000	79563500	-22.15
average payables	1203000	1857500	-35.24
average inventory	0.5	0.5	0.00
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.45	-0.45	0.00
capex per share	0.01	0.01	0.00

• Negative

  ROE: Return on Equity (ROE) decreased to -0.45 on 2024-03-31 Q4 from -0.45 on 2023-12-31 Q3, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -0.46 on 2024-03-31 Q4 from -0.37 on 2023-12-31 Q3, representing a change of -25.45%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 3.16 on 2024-03-31 Q4 from 3.16 on 2023-12-31 Q3, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Debt-to-Equity Ratio:

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.1 which is lower than current price 0.2, indicates the company may be overvalued.