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Shenzhen Investment
(0604)
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Rating:48Neutral
Price Target:
HK$0.68
â–¼(-5.83% Downside)
Action:Reiterated
Date:08/06/26
Overall score reflects improving liquidity but weak profitability: strong 2025 operating/free cash flow and a sharp revenue rebound are positives, yet widening losses, compressed gross margin, and still-elevated leverage weigh heavily. Technically, the stock remains in a broader downtrend (below key moving averages) with mostly neutral momentum, and valuation is constrained by loss-making results (negative P/E) with no dividend yield data to offset.
Positive Factors
Operating cash generation
A strong turnaround to positive operating cash flow and free cash flow in 2025 indicates the company can generate real cash from operations. Durable cash generation supports working capital, project completions and deleveraging, improving financial flexibility over the medium term.
Negative Factors
Widening net losses
Substantial net losses and a -10.7% margin indicate the business is not yet converting revenue into sustainable profit. Persistent losses erode equity, limit reinvestment capacity and force reliance on cash flow improvements or external funding to sustain long-term operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
A strong turnaround to positive operating cash flow and free cash flow in 2025 indicates the company can generate real cash from operations. Durable cash generation supports working capital, project completions and deleveraging, improving financial flexibility over the medium term.
Read all positive factors
Shenzhen Investment (0604) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.87B
Dividend Yield8.82%
Average Volume (3M)4.94M
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth78.67%
EPS Growth-11.80%
CountryHK
Employees18,443
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.49
Shares Outstanding8,898,793,000
10 Day Avg. Volume6,332,724
30 Day Avg. Volume4,938,741
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.17
P/FCF Ratio0.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.07
Revenue Forecast (FY)HK$15.21B
Shenzhen Investment Business Overview & Revenue Model
Company Description
Shenzhen Investment Limited, an investment holding company, invests in, develops, and manages real estate properties in Mainland China. It operates through five segments: Property Development, Property Investment, Property Management, Manufacture,...
How the Company Makes Money
null...
Shenzhen Investment Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.36B | 15.57B | 15.83B | 31.54B | 32.05B |
| Gross Profit | 6.56B | 4.44B | 5.11B | 10.69B | 12.43B |
| EBITDA | 2.12B | 2.79B | 3.23B | 8.46B | 10.57B |
| Net Income | -4.37B | -1.82B | -261.40M | 2.09B | -2.72B |
Balance Sheet | |||||
| Total Assets | 144.60B | 171.17B | 174.41B | 163.47B | 162.77B |
| Cash, Cash Equivalents and Short-Term Investments | 8.64B | 5.79B | 11.05B | 11.67B | 19.92B |
| Total Debt | 40.95B | 65.12B | 60.96B | 51.40B | 58.76B |
| Total Liabilities | 101.16B | 125.85B | 126.93B | 113.91B | 108.40B |
| Stockholders Equity | 35.64B | 38.55B | 42.34B | 44.63B | 49.17B |
Cash Flow | |||||
| Free Cash Flow | 8.02B | -2.76B | 3.95B | -14.26B | -7.68B |
| Operating Cash Flow | 8.82B | -1.84B | 4.40B | -13.24B | -7.33B |
| Investing Cash Flow | -1.95B | -1.39B | 353.24M | 308.95M | 494.34M |
| Financing Cash Flow | -7.93B | -1.82B | -5.22B | 7.59B | 9.52B |
Shenzhen Investment Technical Analysis
Negative
0.72
Price Trends
0.67
Negative
0.73
Negative
0.78
Negative
Market Momentum
>-0.01
Positive
42.92
Neutral
8.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0604, the sentiment is Negative. The current price of 0.72 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.67, and below the 200-day MA of 0.78, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of 8.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0604.
Shenzhen Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$4.93B | -4.87 | -3.56% | 6.04% | -65.47% | -149.64% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | HK$17.25B | -12.60 | -14.91% | 1.66% | 76.41% | -1330.18% | |
49 Neutral | HK$6.51B | -7.25 | -2.27% | 1.45% | -16.52% | -406.41% | |
49 Neutral | HK$5.88B | 43.02 | 0.78% | 5.54% | -48.06% | 7.94% | |
48 Neutral | HK$5.87B | -1.57 | -10.38% | 8.82% | 78.67% | -11.80% | |
40 Underperform | HK$5.16B | -6.28 | -2.19% | 2.01% | 0.12% | -5006.82% |
* Real Estate Sector Average
HK:0604
Shenzhen Investment
0.65
-0.21
-24.42%
HK:0173
K Wah International Holdings
2.07
-0.12
-5.66%
HK:0034
Kowloon Development Co
4.48
1.16
34.94%
HK:0119
Poly Property Group Co
1.30
-0.28
-17.78%
HK:0028
Tian An China Investments Co
3.31
-1.64
-33.14%
HK:1396
Guangdong - Hong Kong Greater Bay Area Holdings Ltd.
11.96
6.52
119.85%
Shenzhen Investment Corporate Events
Shenzhen Investment Ties New Loan Covenants to State Ownership and Shareholder Support
Jul 31, 2026
Shenzhen Investment Limited has entered into a new HK$400 million term loan facility with a bank, maturing in up to three years, which includes default triggers tied to the continued majority ownership and control of the company by Shum Yip and, i...
Shenzhen Investment Sets Framework for Century Valley Garden Property Services
Jul 22, 2026
Shenzhen Investment has announced that its non-wholly owned subsidiary Shum Yip Property Operation has signed a framework agreement with Shahe Century Valley Company to provide property management and related services for the Century Valley Garden...
Shenzhen Investment Deepens Greater Bay Area Footprint With New Theme Park Complex and Cross-Border Hub
Jul 14, 2026
Shenzhen Investment Limited has expanded its commercial real estate portfolio in the second quarter of 2026 by opening the Shum Yip Bay Front Upper Hills commercial complex and Magic World IP Theme Park, an integrated “commerce + theme park&...
Shenzhen Investment Tightens Loan Covenants With New Shareholder Support Threshold
Jul 8, 2026
Shenzhen Investment has amended the terms of a HK$4 billion three-year term loan facility originally accepted in March 2025, adding a new default trigger linked to the level of shareholder loans across the group. Under the supplemental agreement s...
Shenzhen Investment Secures HK$1.3 Billion Loans Under Tight State-Backed Covenants
Jun 30, 2026
Shenzhen Investment Limited has secured three new term loan facilities from a syndicate of banks totaling HK$1.3 billion, split into a HK$700 million tranche and two HK$300 million tranches, each with a tenor of up to three years. The facilities c...
Shenzhen Investment Shareholders Approve All AGM Resolutions and Debt-to-Equity Swap
Jun 18, 2026
Shenzhen Investment Limited reported that all resolutions at its 18 June 2026 annual general meeting were approved by shareholders via poll, including the adoption of 2025 financial statements, re-election of directors, reappointment of Ernst You...
Shenzhen Investment Sets June 2026 AGM and Seeks Share Buyback Mandate
May 20, 2026
Shenzhen Investment Limited has called its annual general meeting for 18 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 along with the directors’ and independent au...
Shenzhen Investment Boosts Traffic and Sales as Flagship Projects Win Top Honors
May 18, 2026
Shenzhen Investment Limited reported that its core commercial projects continued to gain market and industry recognition in the first quarter of 2026, underscoring the strength of its operations in the Greater Bay Area. The Upper Hills complex and...
Shenzhen Investment Unit Uses Property Swap to Offset Shareholder Debt in Connected Deal
May 6, 2026
Shum Yip Group, the controlling shareholder of Shenzhen Investment and a key shareholder in subsidiary Shenye Wansheng, has moved to consolidate its stake by conditionally agreeing to acquire a 35.17% equity interest in Shenye Wansheng from Zhongs...
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.