Tearsheet

Tianci International (CIIT)


Market Price (5/22/2026): $1.29 | Market Cap: $4.5 Mil
Sector: Industrials | Industry: Air Freight & Logistics

Tianci International (CIIT)


Market Price (5/22/2026): $1.29
Market Cap: $4.5 Mil
Sector: Industrials
Industry: Air Freight & Logistics

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -58%

Weak multi-year price returns
2Y Excs Rtn is -107%, 3Y Excs Rtn is -147%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -27%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -71%

High stock price volatility
Vol 12M is 164%

Key risks
CIIT key risks include [1] an extreme concentration of both customers and vendors, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -58%
3 Weak multi-year price returns
2Y Excs Rtn is -107%, 3Y Excs Rtn is -147%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -27%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -71%
7 High stock price volatility
Vol 12M is 164%
8 Key risks
CIIT key risks include [1] an extreme concentration of both customers and vendors, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Tianci International (CIIT) stock has lost about 70% since 1/31/2026 because of the following key factors:

1. Reverse Stock Split to Maintain Nasdaq Listing.

Tianci International implemented a 1-for-7 reverse stock split, effective March 20, 2026, to meet Nasdaq's minimum bid price requirement for continued listing. This corporate action, often signaling financial distress, caused the stock price to fall by 14.57% in premarket trading following its announcement.

2. Significant Net Losses and Lack of Revenue Transparency.

The company reported a GAAP earnings per share (EPS) of -$1.19 for Q1 2026, with no revenue data provided, creating investor concern. This follows a widening net loss of $417,124 in Q2 2026 (for the period ending January 31, 2026), marking a 276% increase from the previous year, primarily due to a surge in general and administrative expenses. The company's Return on Equity (ROE) stood at -199.59%.

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Stock Movement Drivers

Fundamental Drivers

The -70.0% change in CIIT stock from 1/31/2026 to 5/21/2026 was primarily driven by a -62.6% change in the company's P/S Multiple.
(LTM values as of)13120265212026Change
Stock Price ($)4.401.32-70.0%
Change Contribution By: 
Total Revenues ($ Mil)101217.8%
P/S Multiple1.00.4-62.6%
Shares Outstanding (Mil)23-32.0%
Cumulative Contribution-70.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/21/2026
ReturnCorrelation
CIIT-70.0% 
Market (SPY)7.6%22.9%
Sector (XLI)3.4%12.8%

Fundamental Drivers

The -68.4% change in CIIT stock from 10/31/2025 to 5/21/2026 was primarily driven by a -63.9% change in the company's P/S Multiple.
(LTM values as of)103120255212026Change
Stock Price ($)4.181.32-68.4%
Change Contribution By: 
Total Revenues ($ Mil)91228.5%
P/S Multiple1.10.4-63.9%
Shares Outstanding (Mil)23-31.9%
Cumulative Contribution-68.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/21/2026
ReturnCorrelation
CIIT-68.4% 
Market (SPY)9.5%19.2%
Sector (XLI)10.7%10.1%

Fundamental Drivers

The -92.7% change in CIIT stock from 4/30/2025 to 5/21/2026 was primarily driven by a -90.5% change in the company's P/S Multiple.
(LTM values as of)43020255212026Change
Stock Price ($)18.201.32-92.7%
Change Contribution By: 
Total Revenues ($ Mil)91226.1%
P/S Multiple4.10.4-90.5%
Shares Outstanding (Mil)23-39.2%
Cumulative Contribution-92.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/21/2026
ReturnCorrelation
CIIT-92.7% 
Market (SPY)35.5%9.3%
Sector (XLI)31.7%4.6%

Fundamental Drivers

The -66.3% change in CIIT stock from 4/30/2023 to 5/21/2026 was primarily driven by a -93.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020235212026Change
Stock Price ($)3.921.32-66.3%
Change Contribution By: 
Total Revenues ($ Mil)1121133.1%
P/S Multiple0.90.4-55.7%
Shares Outstanding (Mil)03-93.8%
Cumulative Contribution-66.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/21/2026
ReturnCorrelation
CIIT-66.3% 
Market (SPY)85.6%10.0%
Sector (XLI)78.3%5.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CIIT Return0%0%0%0%-41%-42%-66%
Peers Return28%-19%16%-1%20%18%69%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
CIIT Win Rate0%0%0%0%25%20% 
Peers Win Rate58%48%55%48%70%60% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
CIIT Max Drawdown0%0%0%0%-89%-72% 
Peers Max Drawdown-18%-33%-21%-21%-28%-17% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXPD, CHRW, UPS, FDX, JBHT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)

How Low Can It Go

EventCIITS&P 500
2020 COVID-19 Crash
  % Loss-62.7%-33.7%
  % Gain to Breakeven167.8%50.9%
  Time to Breakeven17 days140 days

Compare to EXPD, CHRW, UPS, FDX, JBHT

In The Past

Tianci International's stock fell -62.7% during the 2020 COVID-19 Crash. Such a loss loss requires a 167.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCIITS&P 500
2020 COVID-19 Crash
  % Loss-62.7%-33.7%
  % Gain to Breakeven167.8%50.9%
  Time to Breakeven17 days140 days

Compare to EXPD, CHRW, UPS, FDX, JBHT

In The Past

Tianci International's stock fell -62.7% during the 2020 COVID-19 Crash. Such a loss loss requires a 167.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Tianci International (CIIT)

Tianci International, Inc. does not have significant operations. The company intends to identify and merge with an operating company. Previously, it was engaged in the development of computer games. The company is based in Shenzhen, the People's Republic of China. Tianci International, Inc. is a subsidiary of Silver Glory Group Limited.

AI Analysis | Feedback

Here are 1-2 brief analogies for Tianci International (CIIT):

  • It's like a publicly traded Special Purpose Acquisition Company (SPAC), which is a company specifically formed to acquire another private company and take it public. Think of it similar to how Churchill Capital Corp IV functioned before it merged with Lucid Motors.
  • Imagine it as a publicly traded "empty vessel" or shell company, currently without any operations, whose sole purpose is to acquire a private operating business and make it its own. It's like an acquisition vehicle, similar to how a diversified conglomerate like Berkshire Hathaway acquires businesses, but CIIT itself starts completely without operations and focuses on one main merger.

AI Analysis | Feedback

  • Corporate Merger & Acquisition Facilitation: The company's current primary activity involves identifying and merging with an operating company.
  • Computer Game Development: Previously, the company was engaged in the development of computer games.

AI Analysis | Feedback

Based on the provided background information, Tianci International, Inc. (CIIT) does not have significant operations. Therefore, the company currently does not have major customers.

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Shufang Gao, Chief Executive Officer

Shufang Gao was appointed CEO of Tianci International in January 2023. He previously served as CEO of Hong Kong-listed groups, president of domestic capital companies, and vice president of A-share listed companies. Mr. Gao possesses expertise in the A-share and Hong Kong capital markets and has experience in the strategic development of listed companies. His prior roles include Vice President and Director of Sichuan Jinding Group from October 2020 to August 2021, Vice Chairman of Luoyang Yongning Nonferrous Technology Co., Ltd. from August 2019 to September 2020, and Vice President of Tibet Huayu Mining Co., Ltd., an A-share listed company, from April 2018 to July 2019. He holds a Bachelor of Management Degree from Dalian University of Technology and a Master's Degree in Finance and Accounting from the Chinese University of Hong Kong.

Wei Fang, Chief Financial Officer and Director

Wei Fang was appointed Chief Financial Officer and a Director of Tianci International on January 23, 2024. He brings over ten years of experience in the securities and investment industry. Mr. Fang currently serves as a Director at MED EIBY Holding Co., Ltd. since 2022. His previous experience includes serving as Partner and CEO of Tiger Securities International in Hong Kong from May 2018 to July 2019, and CEO of Haotian International Securities in Hong Kong from January 2017 to April 2018. From October 2014 to December 2016, he was the Head of High Net Worth Individual, Corporate Client, and ICBC Global Wealth Management Center of ICBC International in Hong Kong. Mr. Fang earned a Bachelor's degree in Economics from Anhui University of Finance and Economics and a Master of Business Administration Degree from South Georgia University.

Ying Deng, Vice President and Director

Ying Deng became Vice President and was appointed to Tianci International's Board in January 2023. She has over fifteen years of experience in corporate finance, asset management, and banking. Since September 2022, Ms. Deng has been employed by RQS Capital Limited as a Director responsible for business development and financial planning. Additionally, she has served as Director and Chief Executive Officer of Shenzhen Dandelion Club Investment Development Co., Ltd. since July 2017, overseeing project due diligence and investment management. Ms. Deng has also been a Director of Roshing International since June 2011 and owns 10% of Roshing International Co., Ltd.

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AI Analysis | Feedback

Risk of Failure to Identify and Merge with an Operating Company: Tianci International, Inc. does not have significant operations and its stated business objective is to identify and merge with an operating company. The primary risk to the business is the potential inability to successfully identify a suitable merger target or to complete a merger transaction. Should the company fail to achieve this objective, it would remain without substantial operations, significantly impacting its ability to generate revenue, achieve its stated business purpose, and potentially affecting its long-term viability as a going concern.

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Share Repurchases

No readily available information indicates share repurchases made or authorized by Tianci International (CIIT) over the last 3-5 years.

Share Issuance

  • Tianci International completed a $7 million public offering on April 11, 2025, leading to its common shares being listed on the Nasdaq Capital Market.
  • On March 6, 2023, Tianci International issued 1,500,000 shares of its common stock as part of a share exchange to acquire RQS United Group Limited.
  • For the six months ended January 31, 2026, the company issued 800,000 shares of common stock for an inventory purchase valued at $287,920.

Inbound Investments

  • Tianci International completed a public offering on April 11, 2025, raising $7 million. The net proceeds are intended for logistics promotion and marketing, working capital, general corporate purposes, personnel recruitment, and market expansion for logistics services.

Outbound Investments

  • On March 6, 2023, Tianci International acquired RQS United Group Limited, a holding company, through a share exchange where Tianci issued 1,500,000 shares of its common stock and paid $350,000 in cash.

Capital Expenditures

Tianci International has reported capital expenditures of $0 over the past 5 years.

Better Bets vs. Tianci International (CIIT)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to CIIT.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CIITEXPDCHRWUPSFDXJBHTMedian
NameTianci I.Expedito.C.H. Rob.United P.FedEx JB Hunt . 
Mkt Price1.32157.19178.1398.25388.91259.23167.66
Mkt Cap0.021.021.383.591.824.522.9
Rev LTM1211,18616,19988,31791,93312,13414,167
Op Inc LTM-31,0827947,4686,466893987
FCF LTM-59218074,5164,3711,032976
FCF 3Y Avg-28045845,1683,712555694
CFO LTM-59738778,3568,1791,6271,300
CFO 3Y Avg-28496579,5598,1521,5901,220

Growth & Margins

CIITEXPDCHRWUPSFDXJBHTMedian
NameTianci I.Expedito.C.H. Rob.United P.FedEx JB Hunt . 
Rev Chg LTM26.1%1.1%-6.7%-2.9%4.7%0.6%0.9%
Rev Chg 3Y Avg166.2%-5.1%-9.9%-3.6%-0.2%-5.7%-4.4%
Rev Chg Q86.8%4.4%-0.8%-1.6%8.3%4.6%4.5%
QoQ Delta Rev Chg LTM17.8%1.1%-0.2%-0.4%2.0%1.1%1.1%
Op Inc Chg LTM-2,218.6%-1.0%10.4%-12.4%7.9%9.6%3.5%
Op Inc Chg 3Y Avg-796.4%-7.7%1.5%-14.1%5.1%-9.8%-8.7%
Op Mgn LTM-26.6%9.7%4.9%8.5%7.0%7.4%7.2%
Op Mgn 3Y Avg-11.3%9.8%3.9%9.0%6.9%7.1%7.0%
QoQ Delta Op Mgn LTM1.7%0.2%0.0%-0.4%0.0%0.2%0.1%
CFO/Rev LTM-39.8%8.7%5.4%9.5%8.9%13.4%8.8%
CFO/Rev 3Y Avg-12.2%8.2%3.9%10.7%9.2%13.0%8.7%
FCF/Rev LTM-39.8%8.2%5.0%5.1%4.8%8.5%5.0%
FCF/Rev 3Y Avg-12.2%7.8%3.5%5.8%4.2%4.6%4.4%

Valuation

CIITEXPDCHRWUPSFDXJBHTMedian
NameTianci I.Expedito.C.H. Rob.United P.FedEx JB Hunt . 
Mkt Cap0.021.021.383.591.824.522.9
P/S0.41.91.30.91.02.01.2
P/Op Inc-1.419.426.911.214.227.416.8
P/EBIT-1.419.426.910.713.727.316.6
P/E-1.525.135.615.920.539.422.8
P/CFO-1.021.624.310.011.215.113.1
Total Yield-67.6%5.0%4.2%12.8%6.4%3.2%4.6%
Dividend Yield0.0%1.0%1.4%6.5%1.5%0.7%1.2%
FCF Yield 3Y Avg-18.3%4.5%4.3%5.2%5.2%3.1%4.4%
D/E0.00.00.10.30.50.10.1
Net D/E-0.1-0.00.10.30.40.10.1

Returns

CIITEXPDCHRWUPSFDXJBHTMedian
NameTianci I.Expedito.C.H. Rob.United P.FedEx JB Hunt . 
1M Rtn-13.7%4.1%-3.0%-6.0%-1.4%3.4%-2.2%
3M Rtn-67.5%4.3%-3.5%-13.5%1.9%15.1%-0.8%
6M Rtn-53.7%14.3%20.8%11.5%49.2%63.8%17.5%
12M Rtn-90.3%40.2%86.8%9.6%83.4%87.8%61.8%
3Y Rtn-66.3%42.4%89.5%-32.5%81.1%58.1%50.2%
1M Excs Rtn-16.3%1.6%-6.6%-9.4%-3.5%0.8%-5.1%
3M Excs Rtn-74.0%-7.2%-13.7%-22.2%-7.2%5.1%-10.5%
6M Excs Rtn-67.2%0.4%5.8%-3.4%36.7%48.1%3.1%
12M Excs Rtn-115.2%11.3%56.0%-17.7%54.4%55.1%32.9%
3Y Excs Rtn-147.5%-34.8%14.4%-111.6%6.0%-25.1%-29.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Global Logistics Service Revenue80   
Other Service Revenue00   
Sales of Mineral Products00   
Total90   


Assets by Segment
$ Mil20252024202320222021
Single Segment  000
Total  000


Price Behavior

Price Behavior
Market Price$1.32 
Market Cap ($ Bil)0.0 
First Trading Date01/31/2017 
Distance from 52W High-92.4% 
   50 Days200 Days
DMA Price$8.64$15.85
DMA Trenddowndown
Distance from DMA-84.7%-91.7%
 3M1YR
Volatility115.8%164.5%
Downside Capture496.06339.40
Upside Capture-59.16-33.86
Correlation (SPY)22.3%10.6%
CIIT Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.262.462.021.991.32-2.03
Up Beta1.553.373.001.220.480.16
Down Beta3.46-1.39-1.291.091.48-8.08
Up Capture84%15%-10%65%-27%-2%
Bmk +ve Days15223166141428
Stock +ve Days10182552102109
Down Capture1398%436%355%256%194%55%
Bmk -ve Days4183056108321
Stock -ve Days11233670144150

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIIT
CIIT-90.0%164.3%-0.57-
Sector ETF (XLI)20.3%15.5%1.006.0%
Equity (SPY)26.8%12.1%1.6710.7%
Gold (GLD)37.5%26.8%1.16-3.2%
Commodities (DBC)43.5%18.6%1.80-6.2%
Real Estate (VNQ)12.0%13.4%0.591.4%
Bitcoin (BTCUSD)-27.2%41.8%-0.652.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIIT
CIIT-40.9%159.5%-0.68-
Sector ETF (XLI)11.9%17.4%0.535.6%
Equity (SPY)13.8%17.0%0.6410.0%
Gold (GLD)19.3%18.0%0.87-3.4%
Commodities (DBC)10.8%19.4%0.44-5.1%
Real Estate (VNQ)3.8%18.8%0.101.3%
Bitcoin (BTCUSD)9.3%55.6%0.373.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CIIT
CIIT-11.8%203.9%0.45-
Sector ETF (XLI)13.8%20.0%0.617.6%
Equity (SPY)15.5%17.9%0.7411.6%
Gold (GLD)13.2%16.0%0.68-7.0%
Commodities (DBC)7.8%17.9%0.35-5.9%
Real Estate (VNQ)5.4%20.7%0.22-2.1%
Bitcoin (BTCUSD)67.3%66.9%1.06-0.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 4152026-77.4%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity3.5 Mil
Short % of Basic Shares2.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/16/20267.3%-18.1%-34.3%
12/15/2025-10.3%-19.2%-29.9%
10/3/20259.4%-3.9%-2.2%
6/10/20250.0%-5.6%-53.6%
SUMMARY STATS   
# Positive300
# Negative144
Median Positive7.3%  
Median Negative-10.3%-11.9%-32.1%
Max Positive9.4%  
Max Negative-10.3%-19.2%-53.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/12/202610-Q
10/31/202512/12/202510-Q
07/31/202510/03/202510-K
04/30/202506/06/202510-Q
01/31/202503/12/202510-Q
10/31/202412/06/202410-Q
07/31/202410/22/202410-K
04/30/202406/14/202410-Q
01/31/202402/27/202410-Q
10/31/202312/14/202310-Q
07/31/202310/23/202310-K
04/30/202306/13/202310-Q
01/31/202303/07/202310-Q
10/31/202212/08/202210-Q
07/31/202210/31/202210-K
04/30/202206/14/202210-Q