{"ticker": {"uuid": "6bf2d9ec-7dde-4343-ac4c-578d34294ea4", "symbol": "3991", "name": "Changhong Jiahua Holdings Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "3991 closed the latest completed week at 0.88 HKD. The 4-week return is -11.1% and the 12-week return is -22.8%. Trend Signal is inactive, Market Dynamics is -1.19.", "description": "Changhong Jiahua Holdings Limited, an investment holding company, distributes information and communication technology (ICT) consumer products, ICT corporate products, and other products in the People's Republic of China and internationally. It operates through three segments: ICT consumer product distribution business; ICT corporate product distribution business; and Other businesses segments. The company distributes personal computers, digital products, and IT accessories; storage products, minicomputers, networking products, personal computer servers, intelligent building management system products, and unified communication and contact center products; smartphones. It also develops own brand products, such as intelligent terminals; sells warranty packages; and provides professional integrated ICT solutions and services. Changhong Jiahua Holdings Limited was formerly known as China Data Broadcasting Holdings Limited and changed its name to Changhong Jiahua Holdings Limited in January 2013. The company was incorporated in 2000 and is headquartered in Central, Hong Kong. Changhong Jiahua Holdings Limited operates as a subsidiary of Fit Generation Holding Limited.", "setup_signature": "Risk-first tape", "composite_score": "22", "kpis": [{"label": "Latest Close", "value": "0.88 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-5.4%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-11.1%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-22.8%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "82.7%", "hint": "43 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.4x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Technology", "industry": "Electronics & Computer Distribution", "currency": "HKD", "market_cap": "1.3B"}, "price": {"trend_line": "1.09 HKD", "fair_value": "0.67 HKD", "vs_trend": "-19.3%", "vs_fair_value": "31.1%", "high_52": "1.16 HKD", "low_52": "0.77 HKD", "drawdown": "-24.1%", "range_position": "28.2%"}, "momentum": {"returns": [{"label": "1W", "value": -5.3763440860215095, "value_label": "-5.4%", "tone": "negative", "width": 15.360983102918599}, {"label": "4W", "value": -11.11111111111111, "value_label": "-11.1%", "tone": "negative", "width": 31.746031746031743}, {"label": "12W", "value": -22.807017543859644, "value_label": "-22.8%", "tone": "negative", "width": 65.16290726817041}, {"label": "26W", "value": -22.123893805309727, "value_label": "-22.1%", "tone": "negative", "width": 63.21112515802779}, {"label": "52W", "value": 2.325581395348839, "value_label": "2.3%", "tone": "positive", "width": 6.644518272425255}], "trend_streak": 0, "active_weeks": 43, "active_breadth": "82.7%", "peer": {"scope": "HK Technology", "count": 279, "rank": 163, "percentile": 41.72661870503597, "avg_weekly_return": -2.577282543053338}}, "setup": {"scores": [{"label": "Trend", "value": 45.48076923076923, "value_label": "45", "width": 45.48076923076923, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 3.918128654970765, "value_label": "4", "width": 4, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 28.768472336098377, "value_label": "29", "width": 28.768472336098377, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 4.963635363566379, "value_label": "5", "width": 4.963635363566379, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 15.496275800912905, "value_label": "15", "width": 15.496275800912905, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 31.7260531478392, "value_label": "32", "width": 31.7260531478392, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 0.8771929824561412, "return_label": "0.9%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 7.309941520467842}, {"week": "6 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "13 Mar", "return": -0.8695652173913052, "return_label": "-0.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 7.24637681159421}, {"week": "20 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "27 Mar", "return": -0.8771929824561412, "return_label": "-0.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 7.309941520467842}, {"week": "3 Apr", "return": -0.8849557522123707, "return_label": "-0.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 7.374631268436422}, {"week": "10 Apr", "return": 0.8928571428571237, "return_label": "0.9%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 7.440476190476031}, {"week": "17 Apr", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": -9.734513274336273, "return_label": "-9.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 81.12094395280226}, {"week": "1 May", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": -0.980392156862746, "return_label": "-1.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 8.169934640522882}, {"week": "15 May", "return": -1.980198019801982, "return_label": "-2.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 16.501650165016514}, {"week": "22 May", "return": -4.040404040404044, "return_label": "-4.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 33.6700336700337}, {"week": "29 May", "return": -7.368421052631574, "return_label": "-7.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 61.40350877192978}, {"week": "5 Jun", "return": 5.681818181818187, "return_label": "5.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 47.34848484848489}, {"week": "12 Jun", "return": -5.3763440860215095, "return_label": "-5.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 44.80286738351258}]}, "groups": {"sector": {"scope": "HK Technology", "count": 100, "avg_weekly_return": -5.436759834458788, "avg_four_week_return": -4.393019319879257, "avg_twelve_week_return": 15.361418183716488, "trend_breadth": 20.0, "positive_md_breadth": 31.0, "positive_rs_breadth": 19.0, "week_rank": null, "four_week_rank": null, "twelve_week_rank": null, "top_peers": [{"id": 43501, "symbol": "6651", "name": "Beijing 51World Digital Twin Technology Co., Ltd.", "exchange": "HKG", "url": "/terminal/c3cd6ce5-7356-451f-adc9-cd2fac01ca26/report/", "weekly_return": -7.582936928640393, "weekly_return_label": "-7.6%", "weekly_return_tone": "negative", "four_week_return": 134.0, "four_week_return_label": "134.0%", "four_week_return_tone": "positive", "twelve_week_return": 112.72727272727272, "twelve_week_return_label": "112.7%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 41041, "symbol": "1300", "name": "Trigiant Group Limited", "exchange": "HKG", "url": "/terminal/a7ece436-5bdd-4a47-b8f0-8c15ea9c4cb1/report/", "weekly_return": 1.408450704225364, "weekly_return_label": "1.4%", "weekly_return_tone": "positive", "four_week_return": 122.68041237113405, "four_week_return_label": "122.7%", "four_week_return_tone": "positive", "twelve_week_return": 453.8461538461538, "twelve_week_return_label": "453.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 40563, "symbol": "0992", "name": "Lenovo Group Limited", "exchange": "HKG", "url": "/terminal/bf8dd983-6c5e-40c1-be46-4237c85a26e9/report/", "weekly_return": -10.208999606471052, "weekly_return_label": "-10.2%", "weekly_return_tone": "negative", "four_week_return": 79.87117552334944, "four_week_return_label": "79.9%", "four_week_return_tone": "positive", "twelve_week_return": 141.77489177489178, "twelve_week_return_label": "141.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 41654, "symbol": "1888", "name": "Kingboard Laminates Holdings Limited", "exchange": "HKG", "url": "/terminal/ccc928bd-094c-44b1-9ff8-c40e340fdf89/report/", "weekly_return": 32.55823540088218, "weekly_return_label": "32.6%", "weekly_return_tone": "positive", "four_week_return": 58.00635951530101, "four_week_return_label": "58.0%", "four_week_return_tone": "positive", "twelve_week_return": 219.3768004198247, "twelve_week_return_label": "219.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 42938, "symbol": "3396", "name": "Legend Holdings Corporation", "exchange": "HKG", "url": "/terminal/8fb24881-654c-42be-94f5-8dd606b984aa/report/", "weekly_return": -3.1847133757961785, "weekly_return_label": "-3.2%", "weekly_return_tone": "negative", "four_week_return": 53.2258064516129, "four_week_return_label": "53.2%", "four_week_return_tone": "positive", "twelve_week_return": 81.81818181818183, "twelve_week_return_label": "81.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}, "industry": {"scope": "HK Electronics & Computer Distribution", "count": 12, "avg_weekly_return": -3.5701162044547887, "avg_four_week_return": 1.4710454581142984, "avg_twelve_week_return": 26.407853508659663, "trend_breadth": 58.333333333333336, "positive_md_breadth": 58.333333333333336, "positive_rs_breadth": 66.66666666666666, "week_rank": 7, "four_week_rank": 7, "twelve_week_rank": 10, "top_peers": [{"id": 43322, "symbol": "6036", "name": "Apex Ace Holding Limited", "exchange": "HKG", "url": "/terminal/231a8c70-f7c1-436e-9ec9-5dde6241d216/report/", "weekly_return": -17.687074829931973, "weekly_return_label": "-17.7%", "weekly_return_tone": "negative", "four_week_return": 51.249999999999986, "four_week_return_label": "51.2%", "four_week_return_tone": "positive", "twelve_week_return": 132.69230769230768, "twelve_week_return_label": "132.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 39737, "symbol": "0400", "name": "Ingdan, Inc.", "exchange": "HKG", "url": "/terminal/ca3b794c-3808-4132-acae-e0a0d9a40d30/report/", "weekly_return": 13.636363636363638, "weekly_return_label": "13.6%", "weekly_return_tone": "positive", "four_week_return": 43.76996805111821, "four_week_return_label": "43.8%", "four_week_return_tone": "positive", "twelve_week_return": 67.91044776119402, "twelve_week_return_label": "67.9%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 40919, "symbol": "1213", "name": "Mobicon Group Limited", "exchange": "HKG", "url": "/terminal/7c047c65-a61d-41d1-a88d-5a70d5ac5849/report/", "weekly_return": -1.6129032258064528, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "four_week_return": 34.06593406593406, "four_week_return_label": "34.1%", "four_week_return_tone": "positive", "twelve_week_return": 48.78048780487806, "twelve_week_return_label": "48.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 40880, "symbol": "1184", "name": "S.A.S. Dragon Holdings Limited", "exchange": "HKG", "url": "/terminal/ae01016a-0247-499d-8799-5805c2923f4d/report/", "weekly_return": -5.999999999999995, "weekly_return_label": "-6.0%", "weekly_return_tone": "negative", "four_week_return": 5.103777508892539, "four_week_return_label": "5.1%", "four_week_return_tone": "positive", "twelve_week_return": 39.75338901968374, "twelve_week_return_label": "39.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 40360, "symbol": "0854", "name": "Willas-Array Electronics (Holdings) Limited", "exchange": "HKG", "url": "/terminal/da5e1020-4215-4b58-8917-b29dd808524b/report/", "weekly_return": 11.129032258064509, "weekly_return_label": "11.1%", "weekly_return_tone": "positive", "four_week_return": 1.7725258493353047, "four_week_return_label": "1.8%", "four_week_return_tone": "positive", "twelve_week_return": 26.88766114180479, "twelve_week_return_label": "26.9%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "-1.19", "market_dynamics_tone": "negative", "md_4_change": "1.7%", "relative_strength": "-12.33", "rs_4_change": "-100.4%", "expectation": "Negative", "expectation_probability": "42.64%"}, "volume": {"latest": "1.3M", "average_13": "3.4M", "average_52": "5.0M", "ratio_13": "0.4x", "ratio_52": "0.3x"}, "risk": {"volatility_13": "3.8%", "volatility_52": "4.2%", "downside_weeks": 20, "upside_weeks": 17, "downside_breadth": "38.5%", "average_gain": "3.4%", "average_loss": "-2.6%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-19.3%", "tone": "negative"}, {"label": "Volume", "value": "0.4x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high.", "The latest week was a sharp negative move."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "0.88 HKD", "weekly_return": -5.3763440860215095, "weekly_return_label": "-5.4%", "weekly_return_tone": "negative", "trend_line": "1.09 HKD", "fair_value": "0.67 HKD", "market_dynamics": "-1.19", "relative_strength": "-12.33", "volume": "1.3M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "0.93 HKD", "weekly_return": 5.681818181818187, "weekly_return_label": "5.7%", "weekly_return_tone": "positive", "trend_line": "1.10 HKD", "fair_value": "0.67 HKD", "market_dynamics": "-1.21", "relative_strength": "-8.27", "volume": "2.1M", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "0.88 HKD", "weekly_return": -7.368421052631574, "weekly_return_label": "-7.4%", "weekly_return_tone": "negative", "trend_line": "1.11 HKD", "fair_value": "0.67 HKD", "market_dynamics": "-1.19", "relative_strength": "-14.02", "volume": "7.2M", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "0.95 HKD", "weekly_return": -4.040404040404044, "weekly_return_label": "-4.0%", "weekly_return_tone": "negative", "trend_line": "1.11 HKD", "fair_value": "0.66 HKD", "market_dynamics": "-1.28", "relative_strength": "-8.81", "volume": "3.6M", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "0.99 HKD", "weekly_return": -1.980198019801982, "weekly_return_label": "-2.0%", "weekly_return_tone": "negative", "trend_line": "1.12 HKD", "fair_value": "0.66 HKD", "market_dynamics": "-1.21", "relative_strength": "-6.15", "volume": "1.1M", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "1.01 HKD", "weekly_return": -0.980392156862746, "weekly_return_label": "-1.0%", "weekly_return_tone": "negative", "trend_line": "1.12 HKD", "fair_value": "0.66 HKD", "market_dynamics": "-0.99", "relative_strength": "-5.56", "volume": "5.4M", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "1.02 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "1.13 HKD", "fair_value": "0.65 HKD", "market_dynamics": "-0.94", "relative_strength": "-2.08", "volume": "440.0K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "1.02 HKD", "weekly_return": -9.734513274336273, "weekly_return_label": "-9.7%", "weekly_return_tone": "negative", "trend_line": "1.13 HKD", "fair_value": "0.65 HKD", "market_dynamics": "-0.89", "relative_strength": "-2.53", "volume": "9.7M", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "1.13 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "1.14 HKD", "fair_value": "0.65 HKD", "market_dynamics": "-0.90", "relative_strength": "7.57", "volume": "5.9M", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "1.13 HKD", "weekly_return": 0.8928571428571237, "weekly_return_label": "0.9%", "weekly_return_tone": "positive", "trend_line": "1.13 HKD", "fair_value": "0.64 HKD", "market_dynamics": "-1.00", "relative_strength": "9.32", "volume": "2.8M", "trend_signal": "On"}, {"week": "2026-04-03", "close": "1.12 HKD", "weekly_return": -0.8849557522123707, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "1.12 HKD", "fair_value": "0.64 HKD", "market_dynamics": "-0.97", "relative_strength": "12.36", "volume": "1.1M", "trend_signal": "On"}, {"week": "2026-03-27", "close": "1.13 HKD", "weekly_return": -0.8771929824561412, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "1.12 HKD", "fair_value": "0.63 HKD", "market_dynamics": "-0.90", "relative_strength": "15.00", "volume": "3.5M", "trend_signal": "On"}, {"week": "2026-03-20", "close": "1.14 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "1.11 HKD", "fair_value": "0.63 HKD", "market_dynamics": "-0.85", "relative_strength": "15.53", "volume": "314.0K", "trend_signal": "On"}, {"week": "2026-03-13", "close": "1.14 HKD", "weekly_return": -0.8695652173913052, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "1.10 HKD", "fair_value": "0.62 HKD", "market_dynamics": "-0.86", "relative_strength": "15.73", "volume": "4.0M", "trend_signal": "On"}], "chart_url": "/terminal/6bf2d9ec-7dde-4343-ac4c-578d34294ea4/", "api_path": "/terminal/6bf2d9ec-7dde-4343-ac4c-578d34294ea4/report/api/"}