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China Everbright
(0165)
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Rating:46Neutral
Price Target:
HK$6.50
▲(9.43% Upside)
Action:Reiterated
Date:08/20/26
The score is held down primarily by weak financial performance, driven by four straight years of net losses, a deeply negative 2025 margin, and rising leverage despite some revenue recovery and mostly positive recent free cash flow. Technicals also remain subdued with the stock below longer-term moving averages, while valuation support is limited given the negative P/E and only modest dividend yield.
Positive Factors
Revenue Recovery
The strong 2025 revenue rebound indicates that the company retains an operating base capable of recovering after weaker periods. Sustained revenue improvement could support scale, restore earnings capacity, and provide a foundation for better absorption of fixed costs over the next several quarters.
Negative Factors
Persistent Losses
Four consecutive years of net losses, culminating in a deeply negative 2025 margin, show that revenue recovery has not translated into sustainable profitability. Persistent losses weaken retained capital, reduce the value of the operating platform, and limit confidence in near-term earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The strong 2025 revenue rebound indicates that the company retains an operating base capable of recovering after weaker periods. Sustained revenue improvement could support scale, restore earnings capacity, and provide a foundation for better absorption of fixed costs over the next several quarters.
Read all positive factors
China Everbright (0165) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.84B
Dividend Yield1.53%
Average Volume (3M)7.65M
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue Growth2.56%
EPS Growth-1862.03%
CountryHK
Employees240
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-2.65
Shares Outstanding1,685,253,700
10 Day Avg. Volume8,720,983
30 Day Avg. Volume7,646,830
Financial Highlights & Ratios
PEG Ratio-1.43
Price to Book (P/B)0.55
Price to Sales (P/S)5.68
P/FCF Ratio62.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.00Price Target Upside34.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.47
Revenue Forecast (FY)HK$5.92B
China Everbright Business Overview & Revenue Model
Company Description
China Everbright Limited provides financial services in Hong Kong, Mainland China, and internationally. It operates through, Fund Management Business and Principal Investments Business segments. The company invests in unlisted equity securities or...
How the Company Makes Money
Revenue is generated primarily through returns and income from its financial-services and investment holdings. Key money-making mechanisms typically include: (1) interest-related income from banking and credit businesses within its investee/subsid...
China Everbright Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.97B | 2.67B | 356.15M | 306.65M | 3.42B | 2.38B |
| Gross Profit | 2.29B | 2.63B | -615.69M | 2.59B | 2.55B | 2.28B |
| EBITDA | -3.23B | -698.53M | -763.23M | -1.63B | -6.82B | 4.03B |
| Net Income | -4.34B | -1.92B | -1.83B | -1.82B | -7.35B | 2.66B |
Balance Sheet | ||||||
| Total Assets | 74.64B | 73.78B | 74.69B | 79.59B | 84.48B | 101.79B |
| Cash, Cash Equivalents and Short-Term Investments | 13.30B | 13.97B | 18.20B | 18.43B | 7.95B | 16.21B |
| Total Debt | 33.71B | 33.55B | 30.16B | 34.63B | 32.98B | 35.02B |
| Total Liabilities | 48.37B | 45.50B | 42.04B | 45.48B | 48.94B | 53.10B |
| Stockholders Equity | 25.29B | 27.40B | 31.94B | 30.99B | 34.49B | 46.94B |
Cash Flow | ||||||
| Free Cash Flow | 509.33M | 241.90M | 1.68B | 3.17B | -7.68B | 2.05B |
| Operating Cash Flow | 84.90M | 243.50M | 1.69B | 3.18B | -7.68B | 2.05B |
| Investing Cash Flow | -754.98M | -592.07M | 1.11B | 1.70B | 329.52M | 482.41M |
| Financing Cash Flow | -278.68M | 430.29M | -3.61B | -3.11B | -2.78B | 924.19M |
China Everbright Technical Analysis
Positive
5.94
Price Trends
5.85
Positive
6.02
Positive
7.43
Negative
Market Momentum
0.10
Negative
62.36
Neutral
60.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0165, the sentiment is Positive. The current price of 5.94 is below the 20-day moving average (MA) of 5.97, above the 50-day MA of 5.85, and below the 200-day MA of 7.43, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 62.36 is Neutral, neither overbought nor oversold. The STOCH value of 60.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0165.
China Everbright Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$3.81B | 6.32 | 14.11% | 2.67% | 163.62% | 145.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | HK$35.87B | 60.06 | 1.04% | 3.54% | -24.52% | -66.67% | |
53 Neutral | HK$1.09B | 16.35 | -2.05% | 8.60% | 47.57% | -272.05% | |
52 Neutral | HK$54.97B | 4.38 | 18.13% | 1.29% | -17.56% | 18.15% | |
46 Neutral | HK$10.84B | -2.43 | -16.46% | 1.38% | 2.56% | -1862.03% | |
46 Neutral | HK$178.18M | -2.22 | -52.30% | ― | -92.41% | -812.70% |
* Financial Sector Average
HK:0165
China Everbright
6.53
-2.32
-26.25%
HK:1359
China Cinda Asset Management Co
0.91
-0.45
-33.24%
HK:0806
Value Partners Group
2.06
-0.59
-22.32%
HK:1697
Shandong International Trust Corp. Class H
0.24
-0.19
-44.05%
HK:2312
China Financial Leasing Group Ltd
0.40
-0.92
-69.85%
HK:2799
China Huarong Asset Management Co., Ltd. Class H
0.66
-0.42
-38.79%
China Everbright Corporate Events
China Everbright Swings to Interim Loss Despite Strong Turnover Growth
Aug 27, 2026
China Everbright Limited reported unaudited interim results for the six months ended 30 June 2026, showing turnover of HK$4.49 billion, up from HK$2.80 billion a year earlier, driven mainly by net income from investments and higher realised gains....
China Everbright Declares Interim Dividend for First Half of 2026
Aug 27, 2026
China Everbright Limited has declared an interim ordinary cash dividend of HKD 0.04 per share for the six months ended 30 June 2026, payable in Hong Kong dollars to shareholders on the company’s register. The move underlines management’...
China Everbright Flags HK$2.06 Billion Interim Loss Amid Chongqing Legal Fight
Aug 25, 2026
China Everbright Limited has warned shareholders that it expects to post a loss of about HK$2.06 billion attributable to shareholders in its interim results for 2026. The loss stems from accounting adjustments and financial exposure linked to ongo...
China Everbright Faces RMB1.88 Billion Judgment in Chongqing Equity Transfer Dispute
Aug 20, 2026
China Everbright Limited has received a civil judgment from the Fifth Intermediate People’s Court of Chongqing Municipality in a long-running equity transfer dispute involving Ying Li International Real Estate Limited. The court ordered the ...
China Everbright Subsidiary Ying Li Narrows Loss on Lower Revenue and FX Gain
Aug 13, 2026
China Everbright Limited reported that its Singapore-listed real estate subsidiary, Ying Li International Real Estate, posted a narrower net loss for the six months ended 30 June 2026 despite lower revenue. Revenue fell to RMB89.96 million from RM...
China Everbright Flags Interim Results Filing by Singapore Subsidiary Ying Li
Aug 13, 2026
China Everbright Limited has issued an overseas regulatory announcement to inform investors that its Singapore-listed subsidiary, Ying Li International Real Estate Limited, has published its unaudited condensed interim consolidated financial state...
China Everbright Warns of Sharp Profit Drop on Weaker Investments
Jul 30, 2026
China Everbright Limited has warned that profit attributable to shareholders for the six months ended 30 June 2026 is expected to drop by about 70% to 80% from HK$399 million a year earlier. Management attributes the sharp decline mainly to weaker...
China Everbright Completes RMB3 Billion Third Tranche Medium Term Notes Issue in PRC
Jul 27, 2026
China Everbright Limited has completed the issuance of its 2026 third tranche medium term notes (Type 2) in mainland China, continuing its strategy of raising funds via onshore debt markets. The notes, with a principal amount of RMB3 billion, carr...
China Everbright Sets August Board Meeting to Approve Interim Results
Jul 27, 2026
China Everbright Limited has scheduled a board meeting for 27 August 2026 in Hong Kong to review and approve the interim financial results for the first half of 2026. The session will cover performance of the company and its subsidiaries for the s...
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.