TipRanks
Go Ultimate55% OFF

Denox Environmental & Technology Holdings Limited (1452) AI Stock Analysis

HK:1452

Denox Environmental & Technology Holdings Limited

(HKEX:1452)

Select Model
Rating:52Neutral
Price Target:HKD 0.18â–²(10.30% Upside)
Action:reiterated
Date:10/16/26

Positive cash generation, strong revenue growth, and controlled leverage are the main strengths. Persistent unprofitability, negative valuation metrics, and weak technical momentum materially reduce the score.

Positive Factors
Revenue RecoveryThe sharp 2025 revenue rebound indicates improving demand and restored business scale after the prior-year decline. If maintained, stronger volume can improve operating absorption, support reinvestment in emissions-control solutions, and provide a foundation for eventual earnings recovery.
Negative Factors
Persistent Net LossesThe company has not yet converted its revenue recovery into sustainable operating or net profit. Continued losses weaken retained capital, limit internally funded growth, and make the business more vulnerable if the recent improvement in demand or project execution does not persist.

Denox Environmental & Technology Holdings Limited (1452) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%150%HK:1452+75.53%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 127.17M
Dividend Yield
―
Average Volume (3M)
165.19K
Price to Earnings (P/E)
-5.4
Beta (1Y)
0.03
Revenue Growth
88.24%
EPS Growth
54.89%
Country
Hong Kong
Employees
202
Sector
Industrials
Sector Strength
63
Industry
Industrial - Pollution & Treatment Controls

Denox Environmental & Technology Holdings Limited Business Overview & Revenue Model

Company Description

Denox Environmental & Technology Holdings Limited functions as an investment holding entity, specializing in the design, development, production, and sale of DeNOx catalysts. These include both plate-type and honeycomb variants, which are distributed...

Denox Environmental & Technology Holdings Limited Financial Statement Overview

Summary

Revenue grew 46% and operating cash flow turned positive, with positive free cash flow and low leverage. However, persistent net losses, negative margins, and negative return on equity weigh on the score. The score reflects the average of the provided income statement, balance sheet, and cash flow scores.

Income Statement

35Negative

Balance Sheet

65Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue230.09M189.26M108.96M126.39M62.79M71.46M
Gross Profit74.15M46.59M27.46M24.53M13.39M12.22M
EBITDA-5.36M-11.04M-28.63M-17.29M-17.08M-21.40M
Net Income-15.25M-17.27M-37.33M-25.43M-23.53M-12.30M
Balance Sheet
Total Assets596.01M508.51M436.92M371.13M314.40M325.79M
Cash, Cash Equivalents and Short-Term Investments88.37M76.60M59.80M72.49M72.75M74.34M
Total Debt6.97M14.80M19.67M6.27M2.94M5.93M
Total Liabilities491.65M397.08M305.77M207.16M125.72M118.27M
Stockholders Equity104.35M111.43M131.16M163.97M188.68M207.52M
Cash Flow
Free Cash Flow43.14M23.67M-19.78M-4.15M-8.20M-32.05M
Operating Cash Flow50.24M29.23M-11.28M-3.81M-5.76M-27.59M
Investing Cash Flow-51.31M-8.61M-23.20M26.14M-45.41M13.61M
Financing Cash Flow-10.72M-5.06M8.59M-2.30M-856.00K1.97M

Denox Environmental & Technology Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.17

Price Trends

50DMA0.18Negative
100DMA0.18Negative
200DMA0.16Positive

Market Momentum

MACD-0.00Negative
RSI45.53Neutral
STOCH55.91Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1452, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 55.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1452.

Denox Environmental & Technology Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1452 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1527HK:152785OutperformHKD 359.10M1.5917.48%―81.37%132.75%
HK:1395HK:139572OutperformHKD 169.42M10.555.74%―-8.44%31.82%
HK:2377HK:237769NeutralHKD 521.09M2.316.03%10.24%-2.82%-15.06%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:1452HK:145252NeutralHKD 127.17M-5.45-14.14%―88.24%54.89%
HK:0436HK:043651NeutralHKD 154.82M-15.00-1.20%3.14%4.66%36.36%
HK:0556HK:055642NeutralHKD 281.35M-791.97-0.03%―-5.26%-102.94%

* Industrials Sector Average

Performance Comparison

0%50%100%150%HK:1452HK:1395HK:1527HK:2377HK:0436HK:0556Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1452 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1452Denox Environmental & Technology Holdings Limited0.170.0883.33%
HK:1395ELL Environmental Holdings Limited0.150.000.66%
HK:1527Zhejiang Tengy Environmental Technology Co., Ltd. Class H2.660.6431.68%
HK:2377China Boqi Environmental (Holding) Co., Ltd.0.63-0.42-39.90%
HK:0436New Universe Environmental Group Limited0.05-0.03-37.80%
HK:0556Pan Asia Environmental Protection Group Ltd.0.28-0.00-1.41%

Denox Environmental & Technology Holdings Limited Corporate Events

Denox Narrows Interim Loss as Revenue Surges on Stronger Environmental Tech Sales

Aug 31, 2026

Denox Environmental & Technology Holdings reported a sharp increase in revenue to RMB110.4 million for the six months ended 30 June 2026, up from RMB69.7 million a year earlier, driven by stronger sales despite higher costs. However, increased se...

Denox Environmental & Technology Raises HK$23.33 Million via Connected Share Subscription

Aug 27, 2026

Denox Environmental & Technology Holdings has completed a connected share subscription, issuing 177,853,320 new shares at HK$0.1368 each under a specific mandate, raising net proceeds of about HK$23.33 million. The subscription shares account for...

Denox Environmental Wins Shareholder Backing for Share Subscription and Whitewash Waiver

Aug 21, 2026

Denox Environmental & Technology Holdings Limited, a Hong Kong-listed environmental technology company, continues to utilize capital market instruments to support its business positioning in emissions control and related industrial services. The...

Denox Environmental Sets August Board Meeting to Review Interim Results and Dividend

Aug 19, 2026

Denox Environmental & Technology Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the group’s unaudited interim results and interim report for the six months ended 30 June 2026, with plans to publish t...

Denox outlines control shift from proposed share subscription and whitewash waiver

Aug 17, 2026

Denox Environmental & Technology Holdings has issued a supplemental announcement to its late-July circular detailing the impact of a proposed share subscription and related whitewash waiver. Upon completion, the combined stake of the subscriber,...

Denox Sends Circular on Conditional Share Subscription and Whitewash Waiver

Jul 31, 2026

Denox Environmental & Technology Holdings Limited has despatched a circular to shareholders outlining a proposed connected transaction involving a subscription of new shares under a specific mandate and an associated application for a whitewash w...

Denox Calls EGM on Share Issue to Chairlady and Whitewash Waiver

Jul 30, 2026

Denox Environmental & Technology Holdings Limited has called an extraordinary general meeting for 21 August 2026 in Beijing to seek shareholder approval for a share subscription agreement with Chairlady Zhao Shu. The board is asking shareholders...

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.

Date of analysis: Oct 16, 2026