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China High Speed Transmission Equipment Group Co
(0658)
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Rating:51Neutral
Price Target:
HK$1.00
â–¼(-7.41% Downside)
Action:Reiterated
Date:07/03/26
The score is driven mainly by a mixed financial picture: a meaningful 2025 profitability and cash-flow rebound, but with ongoing revenue decline and notably higher leverage that raises downside risk. Technicals detract due to a strong downtrend and negative momentum, while valuation provides some offset with a low P/E.
Positive Factors
Profitability Rebound
The return to positive operating profit and net income marks a meaningful recovery from the 2024 collapse. If maintained, improved profitability can rebuild internal funding capacity, support investment in transmission products, and strengthen resilience across the next several reporting periods.
Negative Factors
Persistent Revenue Decline
Two consecutive years of shrinking revenue indicate ongoing demand or volume pressure rather than a purely temporary earnings issue. Continued contraction could reduce manufacturing scale, weaken operating leverage, and make the 2025 profitability recovery difficult to sustain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
The return to positive operating profit and net income marks a meaningful recovery from the 2024 collapse. If maintained, improved profitability can rebuild internal funding capacity, support investment in transmission products, and strengthen resilience across the next several reporting periods.
Read all positive factors
China High Speed Transmission Equipment Group Co (0658) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.68B
Dividend Yield4.52%
Average Volume (3M)300.43K
Price to Earnings (P/E)3.8
Beta (1Y)0.69
Revenue Growth-18.58%
EPS GrowthN/A
CountryHK
Employees8,310
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.13
Shares Outstanding1,635,291,500
10 Day Avg. Volume343,799
30 Day Avg. Volume300,433
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.28
Price to Sales (P/S)0.12
P/FCF Ratio1.15
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 High Speed Transmission Equipment Group Co Business Overview & Revenue Model
Company Description
China High Speed Transmission Equipment Group Co., Ltd. is a manufacturer specializing in robust, high-performance gears for wind turbine gearboxes and various transmission systems, serving both domestic and international markets. The company's pr...
How the Company Makes Money
The company makes money primarily by selling transmission equipment—most importantly gearboxes and drivetrain components—produced by its manufacturing operations. Key revenue streams generally include: (1) Original equipment sales: revenue from su...
China High Speed Transmission Equipment Group Co Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
44
Neutral
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.22B | 22.08B | 24.08B | 21.08B | 20.21B |
| Gross Profit | 4.16B | 3.29B | 3.39B | 3.26B | 3.19B |
| EBITDA | 2.43B | -971.80M | 2.04B | 1.92B | 2.17B |
| Net Income | 205.74M | -6.56B | 95.52M | 101.60M | 1.32B |
Balance Sheet | |||||
| Total Assets | 39.24B | 37.71B | 41.70B | 41.63B | 29.64B |
| Cash, Cash Equivalents and Short-Term Investments | 12.27B | 7.23B | 7.44B | 8.62B | 6.78B |
| Total Debt | 15.14B | 9.17B | 9.49B | 7.84B | 4.00B |
| Total Liabilities | 25.89B | 25.15B | 27.79B | 28.04B | 15.87B |
| Stockholders Equity | 8.46B | 8.40B | 10.27B | 10.48B | 13.40B |
Cash Flow | |||||
| Free Cash Flow | 2.07B | -2.26B | -2.14B | -1.70B | -2.62B |
| Operating Cash Flow | 3.17B | -143.38M | 352.04M | 906.61M | -1.48B |
| Investing Cash Flow | -1.19B | -1.11B | -303.35M | -5.46B | -25.37M |
| Financing Cash Flow | -180.94M | -516.83M | 1.18B | 5.57B | 2.64B |
China High Speed Transmission Equipment Group Co Technical Analysis
Negative
1.08
Price Trends
1.16
Negative
1.51
Negative
1.67
Negative
Market Momentum
-0.05
Positive
34.55
Neutral
42.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0658, the sentiment is Negative. The current price of 1.08 is below the 20-day moving average (MA) of 1.11, below the 50-day MA of 1.16, and below the 200-day MA of 1.67, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 34.55 is Neutral, neither overbought nor oversold. The STOCH value of 42.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0658.
China High Speed Transmission Equipment Group Co 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% | |
62 Neutral | HK$16.52B | 19.04 | 12.98% | 2.00% | 19.63% | 16.42% | |
60 Neutral | HK$279.52B | 17.74 | 13.72% | 2.57% | 15.98% | 21.42% | |
59 Neutral | HK$35.24B | 8.77 | 18.09% | 2.68% | 13.48% | 55.89% | |
58 Neutral | HK$6.71B | 5.98 | 10.07% | 7.58% | 19.90% | 67.16% | |
51 Neutral | HK$1.68B | 3.83 | 4.42% | 4.52% | -18.58% | ― | |
50 Neutral | HK$106.92B | 77.38 | 0.60% | 0.53% | 16.39% | 46.43% |
* Industrials Sector Average
HK:0658
China High Speed Transmission Equipment Group Co
1.03
-0.56
-35.18%
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Shanghai Electric Group Company
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Weichai Power Co
31.96
17.61
122.73%
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Chongqing Machinery & Electric Co. Ltd. Class H
1.82
-0.05
-2.42%
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Harbin Electric Co. Ltd. Class H
15.16
6.18
68.89%
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Impro Precision Industries Limited
8.00
4.49
128.30%
China High Speed Transmission Equipment Group Co Corporate Events
China High Speed Transmission Strengthens Governance with Director Training
Sep 9, 2026
China High Speed Transmission Equipment Group Co., Ltd. has completed specialised training for its directors and senior management, delivered by its Hong Kong legal advisers, focusing on identifying and managing connected persons and connected tra...
China High Speed Transmission Lifts Profit and Margins Despite Revenue Slump
Aug 27, 2026
China High Speed Transmission Equipment Group reported a sharp 24.6% year-on-year decline in revenue to RMB7.52 billion for the six months ended 30 June 2026, while gross profit fell only slightly and the gross margin improved markedly to 24.2% fr...
China High Speed Transmission Updates Auditor Name After Rebranding
Aug 25, 2026
China High Speed Transmission Equipment Group Co., Ltd. has announced a change in the name of its external auditor, reflecting a rebranding of the firm rather than a change in audit provider. The auditor’s English name has been updated from ...
China High Speed Transmission Schedules Board Meeting on Interim Results and Dividend
Aug 17, 2026
China High Speed Transmission Equipment Group Co., Ltd. has announced that its board of directors will convene on 27 August 2026 to review the unaudited interim results for the six months ended 30 June 2026. The meeting will also consider approval...
China High Speed Transmission Appoints Lixin for Deep Internal Control Review
Aug 14, 2026
China High Speed Transmission Equipment Group Co., Ltd., a Hong Kong-listed manufacturer of industrial transmission systems, operates through multiple subsidiaries and engages in complex financial and commercial transactions. The group is subject ...
China High Speed Transmission Orders New Probe and Wider Internal Control Review
Aug 5, 2026
China High Speed Transmission Equipment Group Co., Ltd. has launched a further investigation into a series of past transactions, appointing Grant Thornton Zhitong as a new independent investigator to reassess cash flows, commercial substance, key ...
China High Speed Transmission Wins Strong Shareholder Backing at Adjourned AGM
Jul 22, 2026
Shareholders of China High Speed Transmission Equipment Group Co., Ltd. have approved all resolutions put forward at the adjourned annual general meeting held on 22 July 2026. The key items passed were the adoption of the audited consolidated fina...
China High Speed Tightens Control Over Core Gear Manufacturing Subsidiary
Jun 30, 2026
China High Speed Transmission Equipment Group has strengthened its governance control over its key subsidiary, Nanjing High Speed Gear Manufacturing, following earlier changes that had raised potential deconsolidation risks. Although the company h...
China High Speed Transmission Sets Adjourned AGM to Approve 2025 Accounts and Auditor
Jun 26, 2026
China High Speed Transmission Equipment Group Co., Ltd. has called an adjourned annual general meeting to be held on 22 July 2026 in Nanjing, where shareholders will receive and adopt the audited consolidated financial statements and directorsR...
China High Speed Transmission Wins Broad Shareholder Backing at 2026 AGM
Jun 26, 2026
Shareholders of China High Speed Transmission Equipment Group Co., Ltd. approved all ordinary resolutions at the annual general meeting held on 26 June 2026, with each item passed by a wide margin. All directors, including executive and independen...
China High Speed Transmission Swings to Profit in 2025 Despite Revenue Decline
Jun 17, 2026
China High Speed Transmission Equipment Group reported a 10.6% decline in revenue from contracts with customers to RMB19.73 billion for 2025, but gross profit jumped 29.9% to RMB4.27 billion as cost of sales fell. The company swung from a net loss...
China High Speed Transmission Reveals Undisclosed 2016 Loan Guarantee and Listing Rules Breach
Jun 12, 2026
China High Speed Transmission disclosed that its subsidiary Nanjing Xingang had, in January 2016, entrusted Ningbo Bank to extend a RMB400 million, three-year loan to Yijing for an LED sapphire crystal and substrate production line. On the same da...
China High Speed Transmission Resets Board Meeting as Trading Suspension Continues
Jun 11, 2026
China High Speed Transmission Equipment Group has rescheduled its board meeting to 17 June 2026 to address delayed annual reporting for the financial year ended 31 December 2025. The board will review and approve the audited annual results, clear ...
China High Speed Transmission Orders Fresh Probe After Questioning Prior Investigation
Jun 10, 2026
China High Speed Transmission Equipment Group has raised concerns over the reliability of a previous independent investigation into certain agreements and related amounts, after a new board and the company’s auditor flagged issues with anony...
China High Speed Transmission Signals 2025 Profit as One-Off Losses Fade
Jun 10, 2026
China High Speed Transmission Equipment Group has issued a positive profit alert, forecasting at least RMB680 million in profit for 2025, versus a loss of about RMB5.93 billion in 2024, marking a sharp turnaround. The improvement is mainly due to ...
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.