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Jilin Province Chuncheng Heating Company Limited Class H
(1853)
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Rating:57Neutral
Price Target:
HK$1.00
â–¼(-40.48% Downside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by weakening financial momentum (lower margins, 2025 revenue decline) and inconsistent free cash flow conversion, alongside a technically weak price trend below key moving averages. These are partially offset by an attractive valuation (low P/E) and a moderate dividend yield.
Positive Factors
Improved leverage and capital cushion
Lower leverage improves financial flexibility compared with 2024, while the sizable equity base provides a reasonable cushion against operating volatility. This supports the company’s ability to maintain its heating network and fund obligations without relying as heavily on additional borrowing.
Negative Factors
2025 revenue contraction
The 2025 revenue decline interrupts the prior growth pattern and points to limited top-line momentum. For a heating utility, weaker revenue can reduce operating leverage and constrain funds available for network maintenance, service expansion, or absorbing cost increases over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and capital cushion
Lower leverage improves financial flexibility compared with 2024, while the sizable equity base provides a reasonable cushion against operating volatility. This supports the company’s ability to maintain its heating network and fund obligations without relying as heavily on additional borrowing.
Read all positive factors
Jilin Province Chuncheng Heating Company Limited Class H (1853) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$564.71M
Dividend Yield2.82%
Average Volume (3M)6.17K
Price to Earnings (P/E)6.2
Beta (1Y)-0.04
Revenue Growth-2.30%
EPS Growth49.29%
CountryHK
Employees1,569
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.17
Shares Outstanding116,700,000
10 Day Avg. Volume6,000
30 Day Avg. Volume6,166
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)0.61
Price to Sales (P/S)0.40
P/FCF Ratio7.20
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
Jilin Province Chuncheng Heating Company Limited Class H Business Overview & Revenue Model
Company Description
Jilin Province Chuncheng Heating Company Limited operates within the People's Republic of China, primarily delivering crucial heat supply services. The company's multifaceted operations encompass the generation, distribution, and transmission of h...
Jilin Province Chuncheng Heating Company Limited Class H Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73B | 1.66B | 1.81B | 1.69B | 1.65B | 1.65B |
| Gross Profit | 303.94M | 212.32M | 306.67M | 265.89M | 230.44M | 325.15M |
| EBITDA | 276.42M | 249.70M | 263.57M | 287.46M | 313.55M | 316.47M |
| Net Income | 80.86M | 79.59M | 99.90M | 120.96M | 114.67M | 122.76M |
Balance Sheet | ||||||
| Total Assets | 2.47B | 3.50B | 3.75B | 3.01B | 3.04B | 2.89B |
| Cash, Cash Equivalents and Short-Term Investments | 552.26M | 1.04B | 1.46B | 1.12B | 1.03B | 664.31M |
| Total Debt | 483.40M | 469.07M | 628.80M | 192.26M | 234.48M | 1.45M |
| Total Liabilities | 1.28B | 2.34B | 2.70B | 2.02B | 2.13B | 1.95B |
| Stockholders Equity | 1.19B | 1.10B | 1.04B | 989.85M | 911.90M | 940.28M |
Cash Flow | ||||||
| Free Cash Flow | 498.44M | 93.21M | -88.43M | 370.18M | 195.72M | 45.86M |
| Operating Cash Flow | 620.58M | 325.42M | 36.02M | 399.34M | 246.15M | 124.00M |
| Investing Cash Flow | -161.42M | -524.44M | -262.41M | -29.16M | -50.43M | -139.14M |
| Financing Cash Flow | -125.86M | -202.44M | 564.50M | -289.37M | 170.16M | -52.94M |
Jilin Province Chuncheng Heating Company Limited Class H Technical Analysis
Negative
1.68
Price Trends
1.26
Negative
1.27
Negative
1.51
Negative
Market Momentum
-0.01
Negative
47.57
Neutral
79.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1853, the sentiment is Negative. The current price of 1.68 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.26, and above the 200-day MA of 1.51, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 79.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1853.
Jilin Province Chuncheng Heating Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | HK$11.29B | 7.14 | 5.79% | 6.35% | 2.60% | -11.05% | |
57 Neutral | HK$564.71M | 6.21 | 7.07% | 2.82% | -2.30% | 49.29% | |
57 Neutral | HK$1.07B | 6.78 | 11.46% | 5.47% | 3.91% | -15.37% | |
55 Neutral | HK$28.88B | 10.25 | 4.80% | 6.60% | -7.13% | -16.53% | |
45 Neutral | HK$7.35B | 31.39 | 2.98% | 1.12% | -6.70% | 50.09% |
* Utilities Sector Average
HK:1853
Jilin Province Chuncheng Heating Company Limited Class H
1.21
-0.56
-31.48%
HK:0384
China Gas Holdings
5.30
-2.28
-30.05%
HK:1083
Towngas China Co
2.99
-0.58
-16.25%
HK:3633
Zhongyu Gas Holdings Limited
2.68
-0.45
-14.35%
HK:9908
JiaXing Gas Group Co. Ltd. Class H
7.79
0.32
4.27%
HK:6661
Huzhou Gas Co., Ltd. Class H
4.95
0.18
3.77%
Jilin Province Chuncheng Heating Company Limited Class H Corporate Events
Jilin Province Chuncheng Heating Posts Modest Revenue Growth With Flat EPS in 2026 Interim
Aug 28, 2026
Jilin Province Chuncheng Heating Company Limited, a PRC-based joint stock heating services provider listed in Hong Kong, focuses on centralized heating solutions for urban areas. Its business is influenced by regional infrastructure development, r...
Chuncheng Heating Sets August Board Meeting to Approve Interim Results
Aug 18, 2026
Jilin Province Chuncheng Heating Company Limited, a PRC-based joint stock company listed in Hong Kong, operates in the urban heating industry, delivering centralized heating services to households and businesses in Jilin Province. Its board struct...
Chuncheng Heating Buys Coal from Controlling Shareholder in Connected Deal
Jul 30, 2026
Jilin Province Chuncheng Heating Company Limited is a China-based provider of urban heating services. It runs two main segments, heat supply in Jilin Province and construction, maintenance and design services, including engineering construction, m...
Jilin Province Chuncheng Heating Reshapes Company Secretariat and Representation Roles
Jul 28, 2026
Jilin Province Chuncheng Heating Company Limited announced that joint company secretary and authorized representative Mr. Wan Tao has resigned with effect from 28 July 2026 due to work adjustments. The board noted that Mr. Wan has no disagreement ...
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.