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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
(1635)
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Rating:48Neutral
Price Target:
HK$2.00
â–¼(-12.66% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weaker cash flow quality (negative TTM free cash flow and low cash conversion) and compressed operating profitability despite strong revenue growth. Technicals are also soft with the price below key long-term moving averages and a slightly negative MACD. Valuation further weighs on the score due to a high P/E with only a moderate dividend yield.
Positive Factors
Strong Revenue Rebound
The 35.8% TTM revenue rebound indicates renewed scale across the company’s utility and infrastructure activities. If maintained, stronger top-line throughput can support fixed-cost absorption, fund investment, and provide a broader base for rebuilding profitability over coming quarters.
Negative Factors
Weak Free Cash Flow
Negative TTM free cash flow and only 0.22x conversion of net income indicate that reported earnings are not translating efficiently into deployable cash. Continued reinvestment or working-capital demands could restrict self-funded growth, dividends, and financial flexibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Rebound
The 35.8% TTM revenue rebound indicates renewed scale across the company’s utility and infrastructure activities. If maintained, stronger top-line throughput can support fixed-cost absorption, fund investment, and provide a broader base for rebuilding profitability over coming quarters.
Read all positive factors
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H (1635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.84B
Dividend Yield2.77%
Average Volume (3M)3.61M
Price to Earnings (P/E)39.9
Beta (1Y)1.33
Revenue Growth6.15%
EPS Growth-21.68%
CountryHK
Employees2,721
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.12
Shares Outstanding533,643,000
10 Day Avg. Volume1,858,900
30 Day Avg. Volume3,611,580
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.99
Price to Sales (P/S)1.44
P/FCF Ratio24.87
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
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Dazhong Public Utilities(Group) Co.,Ltd., an investment holding company, engages in pipeline gas supply and sewage treatment activities in the People's Republic of China. It operates through Gas and Energy, Wastewater Treatment, Public In...
How the Company Makes Money
The company primarily makes money by operating regulated/contracted utility and infrastructure services and earning returns from related investments. Key revenue streams include: (1) City gas and related services: revenue from selling gas to resid...
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.27B | 6.11B | 6.34B | 6.40B | 5.85B | 5.54B |
| Gross Profit | 953.12M | 945.19M | 963.91M | 1.01B | 838.79M | 935.95M |
| EBITDA | 866.68M | 1.19B | 1.07B | 1.05B | 378.08M | 1.18B |
| Net Income | 331.74M | 415.17M | 233.15M | 212.54M | ― | 303.36M |
Balance Sheet | ||||||
| Total Assets | 23.74B | 23.26B | 22.99B | 22.83B | 23.58B | 24.07B |
| Cash, Cash Equivalents and Short-Term Investments | 6.39B | 3.11B | 3.52B | 3.33B | 3.21B | 2.53B |
| Total Debt | 7.45B | 5.63B | 5.93B | 8.19B | 9.00B | 8.72B |
| Total Liabilities | 13.19B | 12.82B | 12.95B | 13.10B | 14.01B | 14.06B |
| Stockholders Equity | 8.91B | 8.89B | 8.55B | 8.32B | 8.24B | 8.72B |
Cash Flow | ||||||
| Free Cash Flow | -27.62M | 354.48M | -80.34M | 336.44M | 132.13M | 27.99M |
| Operating Cash Flow | 738.58M | 1.09B | 405.52M | 689.83M | 417.43M | 674.26M |
| Investing Cash Flow | -1.28B | -718.60M | 113.09M | 397.22M | 311.03M | -493.93M |
| Financing Cash Flow | -68.90M | -760.98M | -327.44M | -866.52M | 136.41M | -261.42M |
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Technical Analysis
Negative
2.29
Price Trends
2.27
Negative
2.42
Negative
2.83
Negative
Market Momentum
-0.06
Positive
35.86
Neutral
18.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1635, the sentiment is Negative. The current price of 2.29 is above the 20-day moving average (MA) of 2.17, above the 50-day MA of 2.27, and below the 200-day MA of 2.83, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 35.86 is Neutral, neither overbought nor oversold. The STOCH value of 18.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1635.
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$55.78B | 7.62 | 12.80% | 6.07% | 5.69% | 8.67% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$37.40B | 10.57 | 7.90% | 5.76% | 0.94% | 17.12% | |
60 Neutral | HK$11.34B | 7.14 | 5.79% | 6.32% | 2.60% | -11.05% | |
59 Neutral | HK$133.14B | 20.39 | 10.65% | 4.91% | 1.53% | 12.95% | |
55 Neutral | HK$28.49B | 10.25 | 4.80% | 6.69% | -7.13% | -16.53% | |
48 Neutral | HK$13.84B | 39.95 | 3.71% | 2.77% | 6.15% | -21.68% |
* Utilities Sector Average
HK:1635
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
2.08
-2.01
-49.22%
HK:0384
China Gas Holdings
5.23
-2.46
-31.99%
HK:1193
China Resources Gas Group
16.49
-2.94
-15.13%
HK:0003
Hong Kong & China Gas Co
7.14
0.50
7.52%
HK:1083
Towngas China Co
3.00
-0.58
-16.27%
HK:2688
ENN Energy Holdings
49.40
-13.03
-20.87%
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Corporate Events
Shanghai Dazhong Public Utilities Sets September Release for 2026 Interim Report
Aug 28, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has released its unaudited interim results for the six months ended 30 June 2026, fulfilling Hong Kong listing requirements for preliminary interim disclosures. The full 2026 interim report will ...
Shanghai Dazhong Sets Board Meeting to Approve 2026 Interim Results
Aug 18, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. will convene a board meeting on 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The meeting will also address the publication of these results and ...
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.