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China Environmental Technology Holdings Limited (0646) AI Stock Analysis
China Environmental Technology Holdings Limited
(HKEX:0646)
The overall score is driven mainly by very weak financials, with sustained losses, negative equity, high leverage, and ongoing cash burn creating significant solvency and liquidity risks. Recent price strength and positive technical trends offer some support but appear stretched, leaving limited near‑term upside and heightened correction risk. Valuation remains speculative due to negative earnings and no dividend, reinforcing a cautious stance despite the recovery in revenues.
China Environmental Technology Holdings Limited (0646) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 85.67M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.42M
- Price to Earnings (P/E)
- -1.7
- Beta (1Y)
- -0.78
- Revenue Growth
- 5.20%
- EPS Growth
- 9.11%
- Country
- Hong Kong
- Employees
- 56
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
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 Treatm...
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 gr...
China Environmental Technology Holdings Limited Financial Statement Overview
Summary
Revenue has recovered, but deep and widening net losses, negative equity, high debt, and persistent negative operating and free cash flows point to very weak and high‑risk financial health.
Income Statement
25NegativeBalance Sheet
15Very NegativeCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.58M | 30.69M | 28.23M | 15.72M | 38.40M | 44.61M |
| Gross Profit | 10.00M | 9.16M | 7.78M | 6.53M | 13.61M | 16.30M |
| EBITDA | -13.18M | -20.98M | -6.06M | -14.38M | 4.12M | -24.81M |
| Net Income | -50.57M | -52.40M | -30.74M | -43.16M | -25.01M | -53.64M |
Balance Sheet | ||||||
| Total Assets | 32.26M | 34.64M | 37.23M | 40.57M | 34.88M | 50.74M |
| Cash, Cash Equivalents and Short-Term Investments | 298.00K | 1.69M | 892.00K | 2.06M | 790.00K | 1.11M |
| Total Debt | 183.61M | 175.60M | 162.92M | 217.52M | 215.52M | 214.23M |
| Total Liabilities | 770.31M | 668.28M | 610.17M | 652.20M | 610.79M | 615.82M |
| Stockholders Equity | -741.00M | -637.91M | -576.18M | -616.99M | -581.58M | -571.16M |
Cash Flow | ||||||
| Free Cash Flow | -14.75M | -9.33M | -9.18M | -2.11M | -14.38M | -8.99M |
| Operating Cash Flow | -14.72M | -9.30M | -8.93M | -2.11M | -14.38M | -8.99M |
| Investing Cash Flow | 4.07M | 3.28M | -240.00K | 1,000 | 5,000 | -313.00K |
| Financing Cash Flow | 11.84M | 8.64M | 8.10M | -241.00K | 1.43M | 8.67M |
China Environmental Technology Holdings Limited Technical Analysis
Price Trends
Market Momentum
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 0.26 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.23, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 52.40 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 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
Overall Rating
HK:139572Outperform
HK:398960Neutral
HK:043651Neutral
HK:179049Neutral- HK:064645.75Neutral
HK:092337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1395 | 72Outperform | HKD 169.42M | 10.55 | 5.74% | ― | -8.44% | 31.82% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:3989 | 60Neutral | HKD 1.14B | 3.32 | 4.16% | ― | 1.64% | 23.16% |
| HK:0436 | 51Neutral | HKD 154.82M | -15.00 | -1.20% | 3.14% | 4.66% | 36.36% |
| HK:1790 | 49Neutral | HKD 575.00M | 11.41 | 3.27% | ― | 4.82% | -24.40% |
| HK:0646 | 46Neutral | HKD 85.67M | -1.69 | 7.33% | ― | 5.20% | 9.11% |
| HK:0923 | 37Underperform | HKD 62.70M | -0.37 | -128.44% | ― | -9.12% | 65.45% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0646 | China Environmental Technology Holdings Limited | 0.25 | 0.07 | 39.66% | |
| HK:1395 | ELL Environmental Holdings Limited | 0.15 | 0.00 | 0.66% | |
| HK:0923 | Integrated Waste Solutions Group Holdings Limited | 0.01 | -0.01 | -43.48% | |
| HK:1790 | TIL Enviro Limited | 0.57 | 0.12 | 27.78% | |
| HK:3989 | Capital Environment Holdings Limited | 0.08 | -0.00 | -3.61% | |
| HK:0436 | New Universe Environmental Group Limited | 0.05 | -0.02 | -29.17% |
China Environmental Technology Holdings Limited Corporate Events
China Environmental Technology Plans HK$190 Million Fundraising to Tackle Going Concern Risks
China Environmental Technology Holdings said all major operations in its wastewater treatment and energy management businesses remain normal despite an auditor’s disclaimer of opinion over going concern, but financial constraints have limited n...
China Environmental Technology delays circular on capital reorganisation and rights issue
China Environmental Technology Holdings has announced a further delay in sending a shareholder circular related to its planned capital reorganisation, change in board lot size and a rights issue offering six rights shares for every one new share held...
China Environmental Technology Revises Timetable for Capital Restructuring and Rights Issue
China Environmental Technology Holdings Limited, a Cayman Islands-incorporated issuer listed in Hong Kong under stock code 646, operates in the environmental technology sector. The latest announcement centers on corporate actions involving its share...
China Environmental Technology Revises Timetable for Capital Reorganisation and Rights Issue
China Environmental Technology Holdings Limited has postponed the despatch of its shareholder circular relating to a proposed capital reorganisation, change in board lot size and a significant rights issue offering six rights shares for every one new...
China Environmental Technology Clarifies Board Appointment Announcement
China Environmental Technology Holdings Limited announced clarifications to its 9 September 2026 board appointment notice, correcting English-language clerical errors related to the description of changes effective that date. The revised wording conf...
China Environmental Technology Strengthens Board With New Managing Director
China Environmental Technology Holdings Limited has reshuffled its top leadership, appointing Mr. Shu Zhongwen as executive director and managing director effective 9 September 2026. Shu brings more than two decades of corporate and project managemen...
China Environmental Technology Updates Board and Committee Structure
China Environmental Technology Holdings Limited has announced the current composition of its board of directors, detailing executive, non-executive and independent non-executive members. The board is led by Chairman Xu Jingping, CEO Xu Zhongping and...
China Environmental Technology Reaches Settlement Over Disputed Convertible Bonds
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 of...
China Environmental Technology Unveils Capital Reorganisation and HK$190 Million Rights Issue
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 shares,...
China Environmental Technology Widens Interim Loss Despite Higher Gross Profit
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 grou...
China Environmental Technology Sets Board Meeting to Approve Interim Results and Consider Dividend
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 results...
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.
Date of analysis: Sep 10, 2026