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Zhongguancun Science-Tech Leasing Co. Ltd. Class H
(1601)
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Rating:61Neutral
Price Target:
HK$0.69
â–¼(-20.23% Downside)
Action:Reiterated
Date:09/30/26
The score is supported mainly by very attractive valuation (low P/E and high dividend yield), but is held back by elevated financial risk (higher leverage and inconsistent cash-flow conversion) and weak technicals with the price below key moving averages and bearish momentum.
Positive Factors
Revenue Growth
Revenue rose 111.7% in 2025, indicating a meaningful expansion in leasing activity and customer financing demand. If sustained, this scale can broaden the productive-asset portfolio and support operating leverage over the next several quarters.
Negative Factors
Higher Leverage
The sharp increase in debt-to-equity materially raises balance-sheet risk for a credit-focused business. Higher leverage can reduce flexibility during weaker portfolio performance, increase financing sensitivity, and constrain the company’s ability to fund growth without adding further debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue rose 111.7% in 2025, indicating a meaningful expansion in leasing activity and customer financing demand. If sustained, this scale can broaden the productive-asset portfolio and support operating leverage over the next several quarters.
Read all positive factors
Zhongguancun Science-Tech Leasing Co. Ltd. Class H (1601) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.10B
Dividend Yield9.97%
Average Volume (3M)190.80K
Price to Earnings (P/E)3.7
Beta (1Y)0.17
Revenue Growth0.45%
EPS Growth-20.53%
CountryHK
Employees156
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.16
Shares Outstanding493,334,000
10 Day Avg. Volume241,800
30 Day Avg. Volume190,800
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.35
Price to Sales (P/S)1.37
P/FCF Ratio4.14
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
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Established in 2012 and headquartered in Beijing, People's Republic of China, Zhongguancun Science-Tech Leasing Co., Ltd. provides financial leasing and lease-backed equity investment services. These offerings are specifically designed for innovat...
How the Company Makes Money
The company primarily makes money through its financial leasing business by earning: (1) lease income/interest-like income embedded in lease payments from customers over the lease term, where the pricing reflects the company’s funding costs, credi...
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 842.59M | 834.78M | 516.51M | 472.95M | 430.99M | 657.04M |
| Gross Profit | 623.02M | 667.30M | 516.51M | 518.71M | 430.99M | 366.33M |
| EBITDA | 598.75M | 594.39M | 847.62M | 362.31M | 320.69M | 280.76M |
| Net Income | 255.98M | 264.95M | 271.04M | 259.88M | 226.10M | 195.92M |
Balance Sheet | ||||||
| Total Assets | 12.04B | 13.12B | 13.06B | 12.41B | 10.91B | 9.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 806.46M | 840.97M | 635.26M | 634.99M | 650.16M |
| Total Debt | 7.39B | 8.37B | 3.37B | 8.20B | 7.07B | 5.94B |
| Total Liabilities | 8.74B | 9.85B | 10.47B | 10.01B | 8.69B | 7.37B |
| Stockholders Equity | 3.30B | 3.27B | 2.58B | 2.40B | 2.22B | 2.05B |
Cash Flow | ||||||
| Free Cash Flow | 571.05M | 275.93M | 77.70M | -667.35M | -680.03M | -682.00M |
| Operating Cash Flow | 782.76M | 582.60M | 136.60M | -635.56M | -670.90M | -676.43M |
| Investing Cash Flow | -226.47M | -326.95M | -86.59M | -46.27M | -68.22M | -30.79M |
| Financing Cash Flow | -715.74M | -350.49M | 156.38M | 682.11M | 723.93M | 944.12M |
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Technical Analysis
Negative
0.86
Price Trends
0.74
Negative
0.74
Negative
0.76
Negative
Market Momentum
-0.02
Positive
41.41
Neutral
61.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1601, the sentiment is Negative. The current price of 0.86 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.74, and above the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 61.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1601.
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$7.72B | 5.58 | 6.18% | 7.08% | -11.11% | 17.45% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$18.90B | 2.94 | 12.30% | 7.55% | -5.13% | 14.20% | |
64 Neutral | HK$9.88B | 7.25 | 6.19% | 8.14% | -19.73% | -12.05% | |
61 Neutral | HK$1.10B | 3.66 | 7.80% | 9.97% | 0.45% | -20.53% | |
60 Neutral | HK$29.62B | 6.48 | 7.47% | 8.89% | 0.51% | -7.18% | |
56 Neutral | HK$244.66M | -100.00 | -0.77% | ― | 24.04% | 96.40% |
* Financial Sector Average
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.68
-0.11
-13.71%
HK:1606
China Development Bank Financial Leasing Co Ltd Class H
1.52
-0.14
-8.35%
HK:0086
Sun Hung Kai & Co. Limited
3.96
0.24
6.48%
HK:1905
Haitong Unitrust International Financial Leasing Co., Ltd Class H
1.20
0.46
63.04%
HK:3360
Far East Horizon Limited
6.30
-0.10
-1.61%
HK:0379
China Ever Grand Financial Leasing Group Co., Ltd.
0.16
0.09
125.35%
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Corporate Events
Zhongguancun Science-Tech Leasing Expands OLED Equipment Financing in Discloseable Deal
Sep 28, 2026
Zhongguancun Science-Tech Leasing has entered a new finance lease agreement with a micro display screen producer, acquiring OLED production equipment for RMB10 million and leasing it back for 18 months, generating total lease payments of about RMB...
Zhongguancun Science-Tech Leasing Expands CHP Equipment Leasing Portfolio With Discloseable Deals
Sep 28, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into two sets of purchase and finance lease agreements in September 2026 with a combined heat and power operator as lessee and two independent equipment suppliers. The transactions cover hard...
Zhongguancun Science-Tech Leasing Wins Shareholder Approval for Fund Partnership at 2026 EGM
Sep 24, 2026
Shareholders of Zhongguancun Science-Tech Leasing Co., Ltd. approved all resolutions at the company’s first extraordinary general meeting of 2026, held on September 24 in compliance with PRC laws, Hong Kong listing rules, and the companyR...
Zhongguancun Science-Tech Leasing Formalizes General Meeting Rules to Strengthen Governance
Sep 24, 2026
Zhongguancun Science-Tech Leasing has adopted detailed Rules of Procedure for its general meetings to strengthen corporate governance and ensure efficient,规范 and legally compliant decision-making. The rules clarify that the general m...
Zhongguancun Science-Tech Leasing Tightens Board Governance With New Procedural Rules
Sep 24, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. operates in the financial services and leasing sector, providing financing and leasing solutions and maintaining a Hong Kong-listed corporate structure with a twelve-member Board, including four independ...
Zhongguancun Science-Tech Leasing Expands Energy Storage Financing With Discloseable Lease Deals
Sep 22, 2026
Zhongguancun Science-Tech Leasing Co. Ltd. has agreed to purchase energy storage-related assets from an independent PRC supplier for RMB13 million and lease them to a company operating auxiliary frequency modulation projects for 36 months, generat...
Zhongguancun Science-Tech Leasing Expands Energy Storage Portfolio With RMB150 Million Sale-and-Leaseback Deals
Sep 16, 2026
Zhongguancun Science-Tech Leasing Co. Ltd. has entered into two sale-and-leaseback finance lease agreements with an independent energy storage company in China over two consecutive days in September 2026. The deals cover energy storage-related equ...
Zhongguancun Science-Tech Leasing Signs RMB49 Million Finance Lease Deal
Sep 14, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a finance lease agreement under which it will purchase thermoforming-related production assets, including laser cutting machines, from an independent PRC automotive lightweight products ...
Zhongguancun Science-Tech Leasing Sells Mining Truck Assets in Discloseable Transaction
Sep 10, 2026
Zhongguancun Science-Tech Leasing Co., Ltd., a Hong Kong-listed PRC financial leasing firm, provides operating leases for industrial equipment including unmanned wide body mining trucks. It serves mining and technology-related operators through st...
Zhongguancun Science-Tech Leasing Calls EGM to Approve Fund Partnership and Governance Changes
Sep 4, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has convened its first extraordinary general meeting of 2026 for September 24 in Beijing to seek shareholder approval for a new fund partnership agreement and related transactions. The resolutions includ...
Zhongguancun Science-Tech Leasing Expands IT Equipment Sale-and-Leaseback Deals
Sep 3, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement with an independent IT equipment rental company, under which it will acquire computer-related assets for RMB20 million and lease them back over 36 months fo...
Zhongguancun Science-Tech Leasing Expands Portfolio with New Sale-and-Leaseback Deal
Aug 31, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement as lessor with a PRC automotive components manufacturer, acquiring specified metal-forming equipment for RMB20 million and leasing it back over 24 months fo...
Zhongguancun Science-Tech Leasing Interim Profit Declines as Assets Contract
Aug 28, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. reported weaker interim results for the six months ended June 30, 2026, with revenue down 7.4% year-on-year to RMB386.7 million and net profit falling 9.7% to RMB130.3 million. The decline was driven by ...
Zhongguancun Science-Tech Leasing Corrects Units in Lease Disposal Announcement
Aug 26, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. issued a clarification regarding its previously announced amendments to operating lease agreements and the related disposal of unmanned wide-body mining trucks. The company stated that, in the Chinese ve...
Zhongguancun Science-Tech Leasing Alters Mining Truck Lease Portfolio With Early Buyout
Aug 24, 2026
Zhongguancun Science-Tech Leasing Co. Ltd., a PRC-based financial leasing firm listed in Hong Kong, provides operating lease services for industrial assets, including unmanned wide body mining trucks used in mining operations. Its business model c...
Zhongguancun Science-Tech Leasing Plans Governance Update to Meet New PRC and HK Rules
Aug 21, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has proposed amendments to its articles of association to align its corporate governance framework with the latest PRC Company Law, new CSRC rules on overseas offerings, transitional arrangements under t...
Zhongguancun Science-Tech Leasing Seeks Shareholder Approval for New RMB415 Million Fund Partnership
Aug 20, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has agreed to enter into a fund partnership with various partners to establish a RMB415 million fund, subscribing RMB205.425 million for a 49.5% stake, with the fund to be treated as an associate rather ...
Zhongguancun Science-Tech Leasing Sets Board Meeting to Review 2026 Interim Results
Aug 17, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has scheduled a board meeting for August 28, 2026, to review and approve its unaudited interim results for the six months ended June 30, 2026, and to authorize their publication. The board will also cons...
Zhongguancun Science-Tech Leasing Expands Industrial Equipment Leasing With New RMB35 Million Deal
Jul 13, 2026
Zhongguancun Science-Tech Leasing has entered into a new finance lease deal with a PRC methyl methacrylate producer, buying incinerator equipment for RMB35 million and leasing it back over 36 months for total payments of about RMB37.81 million. Th...
Zhongguancun Science-Tech Leasing Signs Connected Office Lease With Controlling Shareholder
Jul 10, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new lease agreement with its controlling shareholder ZGC Group for office premises in Haidian District, Beijing, covering the 5th and 6th floors of Suite 7, Courtyard 2, No. 1 West Thi...
Zhongguancun Science-Tech Leasing Expands Mining Tech Portfolio with New Finance Lease Deals
Jul 9, 2026
Zhongguancun Science-Tech Leasing has entered into a series of purchase and finance lease agreements with a mining-focused autonomous driving company and its related new energy equipment supplier over the past year. The latest July 9, 2026 deal in...
Zhongguancun Science-Tech Leasing Wins Full Shareholder Backing at 2025 AGM
Jun 30, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. reported that all resolutions at its 2025 annual general meeting on June 30, 2026, were approved by poll, with shareholders representing over 1.31 billion shares in attendance and full board participatio...
Zhongguancun Science-Tech Leasing Sets Final 2025 Dividend and Tax Terms for H Shareholders
Jun 30, 2026
Zhongguancun Science-Tech Leasing Co., Ltd. has declared a final ordinary cash dividend of RMB 0.059 per share for the financial year ended 31 December 2025, approved by shareholders on 30 June 2026. The dividend will be paid in Hong Kong dollars ...
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.