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VPower Group International Holdings Limited
(1608)
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Rating:43Neutral
Price Target:
HK$0.05
▼(-65.00% Downside)
Action:Reiterated
Date:07/22/26
The score is constrained primarily by weak financial performance: ongoing losses, elevated leverage, and a sharp deterioration in 2025 cash flow. Technicals add further pressure with the stock trading below major moving averages and negative MACD. Valuation provides limited support because the negative P/E is driven by losses and dividend yield data is unavailable.
Positive Factors
Integrated power solutions
The integrated model spans project development, ownership, equipment, EPC and O&M, allowing VPower to capture value across a power asset’s lifecycle. This breadth can support customer relationships, recurring service income and cross-selling opportunities beyond one-time equipment sales.
Negative Factors
Declining revenue and persistent losses
Falling revenue combined with continuing negative margins indicates that the business has not yet restored a stable earnings base. Persistent losses can constrain reinvestment, weaken resilience during project or demand setbacks, and make future performance more dependent on successful execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated power solutions
The integrated model spans project development, ownership, equipment, EPC and O&M, allowing VPower to capture value across a power asset’s lifecycle. This breadth can support customer relationships, recurring service income and cross-selling opportunities beyond one-time equipment sales.
Read all positive factors
VPower Group International Holdings Limited (1608) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$347.03M
Dividend Yield2.55%
Average Volume (3M)1.63M
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-8.00%
EPS Growth-254.95%
CountryHK
Employees529
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.03
Shares Outstanding6,683,150,400
10 Day Avg. Volume1,839,200
30 Day Avg. Volume1,630,466
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.66
Price to Sales (P/S)0.77
P/FCF Ratio-2.24
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
VPower Group International Holdings Limited Business Overview & Revenue Model
Company Description
VPower Group International Holdings Limited functions as an investment holding company, delivering comprehensive power generation solutions across Hong Kong, Macau, mainland China, various other Asian nations, Latin America, and worldwide. The com...
How the Company Makes Money
VPower primarily generates revenue through (1) power generation and power supply: operating power plants or distributed generation assets and earning income from selling electricity (and, where applicable, heat/steam) under power purchase agreemen...
VPower Group International Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
40
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.20B | 1.52B | 1.50B | 3.36B | 5.09B |
| Gross Profit | 199.62M | 287.06M | -84.18M | 556.47M | 699.95M |
| EBITDA | -78.28M | 223.03M | -1.58B | 388.61M | 637.02M |
| Net Income | -201.46M | -233.08M | -2.85B | -316.85M | 45.69M |
Balance Sheet | |||||
| Total Assets | 5.32B | 5.86B | 6.24B | 8.91B | 10.35B |
| Cash, Cash Equivalents and Short-Term Investments | 381.90M | 122.81M | 238.91M | 165.18M | 589.84M |
| Total Debt | 1.78B | 2.50B | 2.82B | 3.02B | 3.97B |
| Total Liabilities | 3.92B | 4.28B | 4.35B | 5.77B | 6.82B |
| Stockholders Equity | 1.40B | 1.58B | 1.88B | 3.14B | 3.48B |
Cash Flow | |||||
| Free Cash Flow | -411.07M | 212.69M | 128.70M | -48.67M | -1.30B |
| Operating Cash Flow | -222.71M | 249.46M | 226.95M | 121.39M | -980.84M |
| Investing Cash Flow | 1.30B | -2.89M | -29.30M | -224.90M | -193.91M |
| Financing Cash Flow | -846.40M | -241.40M | -179.12M | -424.04M | 508.14M |
VPower Group International Holdings Limited Technical Analysis
Negative
0.14
Price Trends
0.07
Negative
0.08
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
37.30
Neutral
29.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1608, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.30 is Neutral, neither overbought nor oversold. The STOCH value of 29.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1608.
VPower Group International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$1.93T | 17.97 | 24.50% | 1.89% | 44.55% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$1.32B | -9.13 | -2.82% | 11.96% | -44.15% | -130.35% | |
51 Neutral | HK$31.42B | 16.15 | 4.44% | ― | 79.77% | 149.08% | |
44 Neutral | HK$345.63M | -3.42 | -11.50% | ― | -7.44% | 56.28% | |
43 Neutral | HK$347.03M | -1.29 | -18.87% | 2.55% | -8.00% | -254.95% | |
40 Underperform | HK$101.46M | -2.50 | -6.77% | 7.69% | 11.05% | 20.00% |
* Industrials Sector Average
HK:1608
VPower Group International Holdings Limited
0.05
-0.20
-80.00%
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China Titans Energy Technology Group Co., Ltd.
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Contemporary Amperex Technology Co., Limited Class H
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VPower Group International Holdings Limited Corporate Events
VPower Hearing on Winding-Up Petitions Further Adjourned to November
Aug 26, 2026
VPower Group International Holdings Limited has provided an update on winding-up petitions filed against the company and its indirect wholly owned subsidiary, VPower Group Holdings Limited, by CRRC Hongkong Capital Management Co., Limited. The Hig...
VPower Group Swings to Interim Loss but Advances Low‑Carbon Power Projects
Aug 24, 2026
VPower Group reported interim revenue of HK$620.1 million for the six months ended 30 June 2026, with HK$84.0 million from its SI business and HK$536.1 million from its IBO segment. The company recorded a net loss of approximately HK$41.0 million,...
VPower Seeks Court Adjournments as Debt Restructuring Advances
Aug 21, 2026
VPower Group International Holdings Limited has provided an update on its proposed debt restructuring, announcing that the High Court of Hong Kong has adjourned the convening hearing for its scheme of arrangement to 22 October 2026. The company st...
VPower Group Sets August Board Meeting to Review Interim Results and Dividend
Aug 12, 2026
VPower Group International Holdings Limited has scheduled a board meeting for 24 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, along with their release to the market. The board will also con...
VPower Group Names New CEO to Strengthen Ties with Controlling Shareholder
Jul 27, 2026
VPower Group International Holdings Limited announced that executive director Lam Yee Chun will step down as chief executive officer on 28 July 2026, while remaining on the board. Executive director Wang Jiachang, recently appointed general manage...
VPower Group Reshapes Board and Committee Structure
Jul 27, 2026
VPower Group International Holdings Limited has updated its board composition effective July 28, 2026, confirming Dr. Chen Shengguang as chairman and naming Mr. Wang Jiachang as chief executive officer and Mr. Jin Jiantang as chief financial offic...
VPower Group Strengthens Board Structure and Governance Committees
Jul 7, 2026
VPower Group International Holdings Limited has updated its board composition, effective 7 July 2026, confirming a leadership team led by Chairman Dr. Chen Shengguang and Chief Executive Officer Mr. Lam Yee Chun, alongside executives overseeing fi...
VPower Group Names Genertec Executive Dr. Chen Shengguang as New Chairman
Jul 7, 2026
VPower Group International Holdings Limited has announced a leadership reshuffle, with chairman and executive director Gao Zhan stepping down from the board and the nomination committee, citing other work commitments but confirming no disagreement...
VPower Shareholders Approve All AGM Resolutions, Renew Auditor and Share Mandate
Jun 11, 2026
VPower Group International Holdings Limited reported that all resolutions at its 11 June 2026 annual general meeting were approved by shareholders by poll. The meeting received and adopted the audited financial statements for the year ended 31 Dec...
VPower Seeks Hong Kong Court Nod to Convene Creditors for Debt Restructuring Scheme
Jun 10, 2026
VPower Group International Holdings Limited has announced an update on efforts to restructure its offshore debts and other outstanding claims, including obligations linked to indirect wholly owned subsidiary VPower Group Holdings Limited. The comp...
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.