CIIT
Tianci International, Inc.
Next earnings ≈ Sep 21, 2026 · est. from filing cadence
Last earnings -10.7% on 2026-06-22
$0.59
▼ -13.26%$0.59▼ -95.54%
over 1Y
L $0.44H $13.20
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-13.3%
1W-18.3%
1M-51.0%
3M-64.3%
YTD-75.8%
1Y-95.5%
Avoid
Conviction
Horizon
Long (>12mo)
Freshly-IPO'd HK micro-cap freight broker: 4.8% gross margins, swung to a $2.6M loss, burning cash faster than its balance — not investable.
Gross margin 4.8% · FY2025
The read
It screens cheap (~24% below fair value), but the weak fundamentals are why — more potential value trap than bargain.
CIIT is not the 'Computer Communications Equipment' name its SIC code implies — per the MD&A it is a Nevada shell whose only operations run through Roshing, a Hong Kong asset-light shipping-logistics broker that charters cargo space and sub-charters it to customers (plus a sliver of electronic-parts and consulting revenue). That model shows in the numbers: gross profit of just $450K on $9.28M of revenue is a 4.8% gross margin, and it fell 57.3% year over year. This is a wafer-thin freight-brokerage spread with no owned assets and no moat, in an industry the filing itself calls 'intensely competitive' and acutely exposed to trade tariffs, US–China tensions and shipping cycles.
The headline P/E of 5.9 is a trap: it is computed off a stale FY2022 diluted EPS of $0.10. The current reality is a FY2025 net loss of $2.64M (from +$54.5K a year earlier), a -29.2% operating margin, and a -88.5% ROE. Revenue growth has already stalled — after exploding from $452K (FY2023) to $8.62M (FY2024), it added only +7.7% in FY2025 while the company swung deeply unprofitable. So the operation scaled its losses, not its earnings power.
Is CIIT a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 0.5 @ ~0.34 est
- Short put 0.5 @ ~0.34 est
debit $0max +$0max $0
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $0.00 | $753K | $452K | $8.62M | $9.28M |
| Gross profit | — | $274K | -$4.08K | $1.06M | $450K |
| Operating income | -$63.0K | $192K | -$344K | $168K | -$2.71M |
| Net income | -$74.4K | $144K | -$341K | $54.5K | -$2.64M |
| Diluted EPS | $0.03 | $0.10 | — | — | — |
| Net margin | — | 19.1% | -75.4% | 0.6% | -28.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.42M
EV / EBITDA—
EV / Sales0.4
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-46.4%
FCF yield—
Quality & risk
ROIC (est.)-68.5%
Free cash flow—
Total debt$139K
Net cash$2.27M
Altman Z-Score21.41 safe
Piotroski F-Score1/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+11.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Other event2026-06-26
General corporate disclosure with exhibits; no material financial change flagged
- 8-K Earnings results2026-06-22
Q ended 4/30/26 filed late after NT; continued losses since Nasdaq IPO
- 10-Q Quarterly report2026-06-22
Q ended 4/30/26 filed late after NT; continued losses since Nasdaq IPO
- 8-K Material agreement2026-06-18
Entered new material agreement, likely bulk chrome/manganese ore trade expansion
- NT 10-Q Late filing notice2026-06-15
Notified SEC it could not file 10-Q on time — filing/reporting delay
- S-1/A Securities registration2026-06-12
Amended registration statement advancing a securities offering; dilution risk
- S-1 Securities registration2026-06-02
Filed new S-1 to register shares for sale, signaling potential dilution
- 8-K Other event2026-04-14
Other-events disclosure with exhibits; no clear financial impact
- 8-K Delisting notice2026-04-07
Received Nasdaq listing-deficiency notice (stock at $0.59, below $1 min bid)
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-262026-06-26open ↗SCHEDULE 13GFiling2026-06-24open ↗SCHEDULE 13GFiling2026-06-23open ↗8-KPeriod ending 2026-06-222026-06-22open ↗424B3Filing2026-06-22open ↗10-QPeriod ending 2026-04-302026-06-22open ↗8-KPeriod ending 2026-06-162026-06-18open ↗424B4Filing2026-06-17open ↗EFFECTFiling2026-06-15open ↗NT 10-QPeriod ending 2026-04-302026-06-15open ↗S-1/AFiling2026-06-12open ↗S-1Filing2026-06-02open ↗
Frequently asked
- Is Tianci International, Inc. (CIIT) a buy?
- CIIT currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Freshly-IPO'd HK micro-cap freight broker: 4.8% gross margins, swung to a $2.6M loss, burning cash faster than its balance — not investable.
- What is CIIT's fair value?
- A Modified-Graham model based on CIIT's SEC fundamentals estimates a fair value of about $0.73. It is an estimate from reported earnings, not a price target.
- Is CIIT overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CIIT currently appears undervalued relative to its SEC-grounded earnings power.
- What is Tianci International, Inc.'s quality score?
- CIIT scores 47.44500369731598/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001557798, latest 10-Q filed 2026-06-22) · EODHD · Proprietary analysis · as of 7/4/2026, 9:57:23 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 5:57 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.