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CRCC High-Tech Equipment
(1786)
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Rating:69Neutral
Price Target:
HK$0.80
â–¼(-10.34% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by stable solvency and a conservatively levered balance sheet, plus attractive valuation (low P/E and high dividend yield). These positives are tempered by inconsistent cash generation—especially the steep free-cash-flow deterioration in 2025—and only modest, thin-margin profitability. Technicals are mixed, with improving near-term momentum but a weaker longer-term trend.
Positive Factors
Conservative Balance Sheet
Very low historical debt ratios and a sizable equity base provide durable financial flexibility. This conservative capital structure reduces refinancing and solvency risk during project cycles, supports ability to fund capex or absorb delays, and underpins long-term operational resilience.
Negative Factors
Volatile Cash Generation
Large swings in operating and free cash flow, including an ~82.6% FCF collapse in 2025 and prior negative periods, create persistent uncertainty. This undermines reliable funding for capex, working capital, and strategic initiatives, and increases reliance on external financing or parent support.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low historical debt ratios and a sizable equity base provide durable financial flexibility. This conservative capital structure reduces refinancing and solvency risk during project cycles, supports ability to fund capex or absorb delays, and underpins long-term operational resilience.
Read all positive factors
CRCC High-Tech Equipment (1786) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.09B
Dividend Yield4.68%
Average Volume (3M)136.57K
Price to Earnings (P/E)6.3
Beta (1Y)0.74
Revenue Growth15.93%
EPS Growth13.17%
CountryHK
Employees1,825
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.10
Shares Outstanding531,900,000
10 Day Avg. Volume266,800
30 Day Avg. Volume136,566
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)0.20
Price to Sales (P/S)0.36
P/FCF Ratio29.80
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
CRCC High-Tech Equipment Business Overview & Revenue Model
Company Description
CRCC High-Tech Equipment Corporation Limited (CRCCE) focuses on the development, manufacturing, and global distribution of specialized heavy-duty machinery for railway track upkeep, catering to markets in Mainland China and internationally. Its di...
How the Company Makes Money
null...
CRCC High-Tech Equipment Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.50B | 3.44B | 3.12B | 3.10B | 2.82B | 2.19B |
| Gross Profit | 568.08M | 598.52M | 589.70M | 400.14M | 663.25M | 545.00M |
| EBITDA | 265.85M | 253.19M | 227.96M | 285.37M | 219.66M | 157.41M |
| Net Income | 146.34M | 143.89M | 128.21M | 145.04M | 115.64M | 50.38M |
Balance Sheet | ||||||
| Total Assets | 10.00B | 9.36B | 9.15B | 9.06B | 8.58B | 8.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 1.76B | 1.75B | 1.46B | 1.16B | 1.18B |
| Total Debt | 566.31M | 666.98M | 16.09M | 20.00M | 21.91M | 1.03B |
| Total Liabilities | 3.62B | 3.15B | 3.08B | 3.18B | 2.66B | 2.39B |
| Stockholders Equity | 6.34B | 6.18B | 6.04B | 5.86B | 5.90B | 5.88B |
Cash Flow | ||||||
| Free Cash Flow | 392.75M | 41.23M | 256.35M | 58.34M | -31.71M | -543.95M |
| Operating Cash Flow | 407.24M | 54.18M | 283.18M | 86.57M | 22.44M | -407.91M |
| Investing Cash Flow | -50.53M | 350.97M | -568.99M | 244.81M | -49.07M | -118.99M |
| Financing Cash Flow | -44.05M | -41.55M | -26.43M | -37.85M | -240.62K | 0.00 |
CRCC High-Tech Equipment Technical Analysis
Negative
0.89
Price Trends
0.71
Negative
0.72
Negative
0.79
Negative
Market Momentum
>-0.01
Positive
45.71
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1786, the sentiment is Negative. The current price of 0.89 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.71, and above the 200-day MA of 0.79, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1786.
CRCC High-Tech Equipment Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$24.21B | 14.70 | 5.27% | 4.21% | ― | ― | |
69 Neutral | HK$61.12B | 8.63 | 9.72% | 4.28% | 13.79% | 14.07% | |
69 Neutral | HK$1.09B | 6.26 | 2.34% | 4.68% | 15.93% | 13.17% | |
64 Neutral | HK$205.17B | 9.02 | 11.50% | 3.96% | -6.48% | 30.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$55.76B | 14.85 | 7.46% | 6.24% | 6.47% | 3.93% | |
52 Neutral | HK$2.16B | 28.17 | 7.59% | 1.22% | 24.03% | 7.69% |
* Industrials Sector Average
HK:1786
CRCC High-Tech Equipment
0.71
-0.22
-23.70%
HK:3969
China Railway Signal & Communication
3.14
-0.12
-3.78%
HK:0525
Guangshen Railway Company
2.46
<0.01
0.29%
HK:0066
MTR
33.10
7.50
29.29%
HK:3898
Zhuzhou CRRC Times Electric Co
30.68
-6.93
-18.43%
HK:2169
Canggang Railway Limited
0.54
-0.77
-58.78%
CRCC High-Tech Equipment Corporate Events
CRCC High-Tech Equipment Sets Date to Approve 2026 Interim Results
Jul 31, 2026
CRCC High-Tech Equipment Corporation Limited, a PRC-based joint stock company listed in Hong Kong, specializes in high-tech equipment for rail and infrastructure markets. Through its subsidiaries, it provides advanced manufacturing solutions that ...
CRCC High-Tech Equipment Shareholders Approve 2025 Results and Final Dividend at AGM
Jun 25, 2026
CRCC High-Tech Equipment reported that all resolutions at its 2025 annual general meeting, held on 25 June 2026 in Yunnan, were approved by shareholders via poll. The meeting confirmed the 2025 annual report and results, board report, directors...
CRCC High-Tech Equipment Updates Final Dividend and Withholding Tax Terms
Jun 25, 2026
CRCC High-Tech Equipment has declared a final ordinary dividend of RMB 0.029 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 25 June 2026. The dividend will be paid in Hong Kong dollars at HKD 0.0...
CRCC High-Tech Equipment Sets 2025 AGM and Proposes Final Dividend
Jun 4, 2026
CRCC High-Tech Equipment has called its 2025 annual general meeting for 25 June 2026 in Kunming, where shareholders will vote on the 2025 annual report, board report, director remuneration, audit fees and the appointment of auditors for 2026. The ...
CRCC High-Tech Equipment Sets Final 2025 Dividend and HK Timetable
Jun 4, 2026
CRCC High-Tech Equipment Corporation Limited has announced a proposed final ordinary cash dividend of RMB 0.029 per share for the financial year ended 31 December 2025, subject to shareholder approval on 25 June 2026. The company has set key dates...
CRCC High-Tech Equipment Renews Connected Procurement Deal With Controlling Shareholder
May 26, 2026
CRCC High-Tech Equipment has renewed its products and services procurement framework agreement with controlling shareholder China Railway Construction Corporation, which holds about 65% of its issued share capital. Under the new arrangement, effec...
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.