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Dongyue Group Limited
(0189)
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Rating:65Neutral
Price Target:
HK$10.50
▼(-3.31% Downside)
Action:Downgraded
Date:10/11/26
The score is supported primarily by strong financial stability (very low leverage) and a profitability/cash-flow rebound in 2025, plus an attractive valuation (low P/E with a dividend). These positives are materially offset by weak technicals (price below major moving averages with negative MACD and subdued momentum) and the company’s historically cyclical, volatile earnings and limited top-line growth.
Positive Factors
Very Low Leverage
Debt-to-equity of roughly 0.2% in 2024–2025 leaves Dongyue with substantial financial flexibility and downside protection. This conservative structure can support investment, shareholder returns, and resilience when chemical-sector conditions weaken.
Negative Factors
Limited Revenue Growth
Revenue was down about 2.8% year over year in 2025 and has been essentially flat-to-down for several years. This limited top-line expansion constrains operating leverage and suggests the recent profit rebound has not yet been matched by durable demand growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Debt-to-equity of roughly 0.2% in 2024–2025 leaves Dongyue with substantial financial flexibility and downside protection. This conservative structure can support investment, shareholder returns, and resilience when chemical-sector conditions weaken.
Read all positive factors
Dongyue Group Limited (0189) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$16.00B
Dividend Yield3.11%
Average Volume (3M)11.37M
Price to Earnings (P/E)7.5
Beta (1Y)0.47
Revenue Growth7.79%
EPS Growth48.48%
CountryHK
Employees6,377
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)1.10
Shares Outstanding1,732,711,700
10 Day Avg. Volume10,893,546
30 Day Avg. Volume11,373,136
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.13
Price to Sales (P/S)1.13
P/FCF Ratio7.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$21.67Price Target Upside99.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.4
Revenue Forecast (FY)HK$16.58B
Dongyue Group Limited Business Overview & Revenue Model
Company Description
Dongyue Group Limited functions as an investment holding company, primarily engaged in the production, distribution, and sale of a diverse range of chemical substances. Operating predominantly within the People's Republic of China, its core produc...
How the Company Makes Money
Dongyue Group makes money primarily by manufacturing and selling chemical products across several major product categories. (1) Fluoropolymer materials: The company produces fluorinated polymer materials (commonly including PTFE and other high-per...
Dongyue Group Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.84B | 14.36B | 14.18B | 14.49B | 20.03B | 15.84B |
| Gross Profit | 5.21B | 4.42B | 3.07B | 2.44B | 6.51B | 5.22B |
| EBITDA | 4.20B | 3.63B | 2.37B | 1.87B | 4.62B | 3.85B |
| Net Income | 1.88B | 1.64B | 810.80M | 707.79M | 3.86B | 2.07B |
Balance Sheet | ||||||
| Total Assets | 26.07B | 23.57B | 20.94B | 21.95B | 24.64B | 21.60B |
| Cash, Cash Equivalents and Short-Term Investments | 6.28B | 5.02B | 2.75B | 3.13B | 5.45B | 5.25B |
| Total Debt | 29.69M | 33.81M | 26.44M | 32.05M | 43.63M | 664.26M |
| Total Liabilities | 4.66B | 3.40B | 3.47B | 5.01B | 6.15B | 5.96B |
| Stockholders Equity | 15.21B | 14.38B | 12.11B | 14.79B | 16.08B | 13.12B |
Cash Flow | ||||||
| Free Cash Flow | 2.46B | 2.04B | 278.14M | -536.56M | 1.24B | -43.38M |
| Operating Cash Flow | 4.28B | 3.71B | 2.07B | 1.38B | 5.08B | 3.91B |
| Investing Cash Flow | -2.13B | -1.56B | -1.50B | -2.63B | -2.91B | -4.09B |
| Financing Cash Flow | 316.50M | 385.76M | -648.37M | -1.51B | -1.96B | 999.52M |
Dongyue Group Limited Technical Analysis
Negative
10.86
Price Trends
11.62
Negative
13.45
Negative
12.96
Negative
Market Momentum
-0.58
Negative
32.95
Neutral
59.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0189, the sentiment is Negative. The current price of 10.86 is above the 20-day moving average (MA) of 10.27, below the 50-day MA of 11.62, and below the 200-day MA of 12.96, indicating a bearish trend. The MACD of -0.58 indicates Negative momentum. The RSI at 32.95 is Neutral, neither overbought nor oversold. The STOCH value of 59.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0189.
Dongyue Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$1.06B | 4.97 | 9.19% | 2.35% | 3.26% | 181.56% | |
65 Neutral | HK$16.00B | 7.45 | 12.67% | 3.11% | 7.79% | 48.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$4.12B | 4.58 | 13.63% | 4.26% | 0.90% | 16.54% | |
59 Neutral | HK$860.85M | 14.61 | 2.08% | 3.05% | 16.60% | -12.13% | |
50 Neutral | HK$10.91B | -15.78 | -18.41% | 0.83% | 165.47% | -398.61% | |
41 Neutral | HK$6.86B | 24.02 | 1.89% | 1.23% | -1.88% | ― |
* Basic Materials Sector Average
HK:0189
Dongyue Group Limited
9.66
-0.13
-1.36%
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China Risun Group Ltd.
1.54
-0.79
-33.85%
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Tiande Chemical Holdings Limited
0.98
-0.38
-28.10%
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Dongguang Chemical Ltd.
1.70
-0.21
-10.99%
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China Sanjiang Fine Chemicals Co., Ltd.
3.52
1.20
51.51%
HK:6616
Global New Material International Holdings Limited
8.74
2.58
41.88%
Dongyue Group Limited Corporate Events
Dongyue Group flags unaudited Q3 results at organosilicon subsidiary
Oct 23, 2026
Dongyue Group Limited has disclosed unaudited quarterly financial information for its non-wholly owned subsidiary, Shandong Dongyue Organosilicon Materials Co., Ltd., listed on the ChiNext Market in Shenzhen. The subsidiary operates in China’...
Dongyue Subsidiary Forecasts Sharp Profit Surge for First Three Quarters of 2026
Oct 8, 2026
Dongyue Group has disclosed that its non-wholly owned subsidiary Shandong Dongyue Organosilicone Materials Co., Ltd., listed on ChiNext in Shenzhen, has issued a preview of its results for the first three quarters of 2026. The organosilicone unit,...
Dongyue Group Clarifies Connected Relationship with Dongyue Hydrogen
Oct 8, 2026
Dongyue Group Limited has issued a supplemental announcement to its annual report for the year ended 31 December 2025, clarifying the nature of its relationship with Dongyue Hydrogen. The company states that Dongyue Hydrogen is an associated compa...
Dongyue Group Delivers Strong Margin and Profit Growth in First Half of 2026
Aug 20, 2026
Dongyue Group Limited reported interim results for the six months ended 30 June 2026, showing a notable improvement in profitability and margins. Revenue rose to RMB 8.06 billion from RMB 7.46 billion a year earlier, while gross profit increased t...
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.