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China Environmental Technology Holdings Limited
(0646)
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Rating:46Neutral
Price Target:
HK$0.34
▲(101.76% Upside)
Action:Reiterated
Date:09/09/26
The score is held down primarily by weak financial performance—persistent losses, ongoing cash burn, and a balance sheet with negative equity that elevates solvency/refinancing risk. Technicals provide partial support due to strong momentum above major moving averages, but overbought readings (RSI ~84) increase reversal risk. Valuation remains challenged because the company is currently loss-making (negative P/E) and has no dividend yield data to offset risk.
Positive Factors
2025 Revenue Rebound
The sharp 2025 revenue rebound indicates that the company can generate materially higher project and service activity when business conditions support execution. If this growth is sustained, it could improve operating scale, strengthen the revenue base, and provide a foundation for future margin recovery.
Negative Factors
Persistent Negative Equity
Persistent negative equity materially weakens the balance sheet and reduces financial flexibility. High debt relative to the asset base elevates solvency and refinancing risk, while the equity deficit can constrain investment capacity and make the company more dependent on continued external support.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The sharp 2025 revenue rebound indicates that the company can generate materially higher project and service activity when business conditions support execution. If this growth is sustained, it could improve operating scale, strengthen the revenue base, and provide a foundation for future margin recovery.
Read all positive factors
China Environmental Technology Holdings Limited (0646) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$107.95M
Dividend YieldN/A
Average Volume (3M)1.04M
Price to Earnings (P/E)―
Beta (1Y)-0.37
Revenue Growth5.20%
EPS Growth9.11%
CountryHK
Employees56
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.12
Shares Outstanding342,697,940
10 Day Avg. Volume2,957,880
30 Day Avg. Volume1,038,933
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-0.09
Price to Sales (P/S)1.81
P/FCF Ratio-5.95
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)N/A
Revenue Forecast (FY)N/A
China Environmental Technology Holdings Limited Business Overview & Revenue Model
Company Description
China Environmental Technology Holdings Limited, an investment holding company, provides wastewater treatment plants construction and operation services in the People's Republic of China. The company operates through three segments: Wastewater Tre...
How the Company Makes Money
The company’s earnings are generated primarily from environmental protection projects and services associated with water/wastewater treatment. Key revenue streams typically include: (1) project development and construction-related income where the...
China Environmental Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.69M | 28.23M | 15.72M | 38.40M | 44.61M |
| Gross Profit | 9.16M | 7.78M | 6.53M | 13.61M | 16.30M |
| EBITDA | -21.37M | -6.06M | -14.38M | 4.12M | -24.81M |
| Net Income | -52.40M | -30.74M | -43.16M | -25.01M | -53.64M |
Balance Sheet | |||||
| Total Assets | 34.64M | 37.23M | 40.57M | 34.88M | 50.74M |
| Cash, Cash Equivalents and Short-Term Investments | 1.69M | 892.00K | 2.06M | 790.00K | 1.11M |
| Total Debt | 175.60M | 162.92M | 217.52M | 215.52M | 214.23M |
| Total Liabilities | 668.28M | 610.17M | 652.20M | 610.79M | 615.82M |
| Stockholders Equity | -637.91M | -576.18M | -616.99M | -581.58M | -571.16M |
Cash Flow | |||||
| Free Cash Flow | -9.33M | -9.18M | -2.11M | -14.38M | -8.99M |
| Operating Cash Flow | -9.30M | -8.93M | -2.11M | -14.38M | -8.99M |
| Investing Cash Flow | 3.28M | -240.00K | 1.00K | 5.00K | -313.00K |
| Financing Cash Flow | 8.64M | 8.10M | -241.00K | 1.43M | 8.67M |
China Environmental Technology Holdings Limited Technical Analysis
Positive
0.17
Price Trends
0.13
Positive
0.12
Positive
0.14
Positive
Market Momentum
0.02
Negative
83.85
Negative
69.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0646, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.13, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 83.85 is Negative, neither overbought nor oversold. The STOCH value of 69.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0646.
China Environmental Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$148.38M | 9.24 | 5.74% | 8.00% | -8.44% | 31.82% | |
63 Neutral | HK$470.00M | 9.33 | 3.27% | 7.94% | 4.82% | -24.40% | |
54 Neutral | HK$151.78M | -16.18 | -1.20% | 2.91% | 4.66% | 36.36% | |
46 Neutral | HK$107.95M | -2.37 | 7.50% | ― | 5.20% | 9.11% | |
45 Neutral | HK$1.22B | 3.40 | 4.16% | 7.69% | 1.64% | 23.16% | |
42 Neutral | HK$81.99M | -0.48 | -128.44% | ― | -9.12% | 65.45% |
* Industrials Sector Average
HK:0646
China Environmental Technology Holdings Limited
0.35
0.19
122.93%
HK:1395
ELL Environmental Holdings Limited
0.13
-0.01
-8.84%
HK:0923
Integrated Waste Solutions Group Holdings Limited
0.02
<0.01
13.33%
HK:1790
TIL Enviro Limited
0.47
0.02
4.44%
HK:3989
Capital Environment Holdings Limited
0.08
>-0.01
-8.99%
HK:0436
New Universe Environmental Group Limited
0.06
<0.01
1.85%
China Environmental Technology Holdings Limited Corporate Events
China Environmental Technology Reaches Settlement Over Disputed Convertible Bonds
Sep 6, 2026
China Environmental Technology Holdings has settled a long-running dispute over its 2021 convertible bonds by signing a Deed of Settlement with creditor Sure Fast. The agreement follows prior court rulings affirming the validity and enforceability...
China Environmental Technology Unveils Capital Reorganisation and HK$190 Million Rights Issue
Sep 1, 2026
China Environmental Technology Holdings Limited plans a comprehensive capital reorganisation, combining a share consolidation, capital reduction and share subdivision to reset its share structure. The move will reduce the par value of issued share...
China Environmental Technology Widens Interim Loss Despite Higher Gross Profit
Aug 31, 2026
China Environmental Technology Holdings reported interim unaudited consolidated revenue of HK$17.9 million for the six months ended 30 June 2026, slightly down from HK$19.0 million a year earlier, but gross profit improved to HK$6.4 million. The g...
China Environmental Technology Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 17, 2026
China Environmental Technology Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve its unaudited interim results for the six months ended 30 June 2026. The board will also consider the publication of these resul...
China Environmental Technology Moves to Address Going Concern and Liquidity Pressures
Jul 29, 2026
China Environmental Technology Holdings Limited reported that all major operations across its wastewater treatment and energy management businesses continue as normal despite an auditor’s disclaimer of opinion tied to going concern doubts. T...
China Environmental Tech Moves to Settle Disputed Convertible Bonds
Jul 2, 2026
China Environmental Technology Holdings Limited has moved closer to resolving a long-running dispute over US$7 million in convertible bonds, after the Hong Kong Court of Appeal dismissed its notice of appeal by consent with subscriber Sure Fast. 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.