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China Lesso Group Holdings
(2128)
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Rating:54Neutral
Price Target:
HK$3.00
▼(-35.34% Downside)
Action:Reiterated
Date:09/19/26
The score is held back primarily by weakening financial performance (contracting revenue, lower margins/ROE, and declining free cash flow) and a clearly bearish technical setup (price below major moving averages with negative MACD). These negatives are partially offset by supportive valuation metrics (low P/E and high dividend yield).
Positive Factors
Diversified Product Applications
The company serves multiple construction, infrastructure, utility and residential applications through a broad piping portfolio. This range can support resilient demand across end markets and reduce reliance on any single project type, channel or use case over the medium term.
Negative Factors
Contracting Revenue and Profitability
The combination of declining revenue and sharply lower net margin points to weaker earnings momentum and reduced profitability. If sustained, this can constrain reinvestment, weaken operating leverage and make future earnings more sensitive to demand and cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Product Applications
The company serves multiple construction, infrastructure, utility and residential applications through a broad piping portfolio. This range can support resilient demand across end markets and reduce reliance on any single project type, channel or use case over the medium term.
Read all positive factors
China Lesso Group Holdings (2128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.98B
Dividend Yield6.86%
Average Volume (3M)7.17M
Price to Earnings (P/E)8.2
Beta (1Y)0.89
Revenue Growth-5.23%
EPS Growth-41.53%
CountryHK
Employees22,500
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.30
Shares Outstanding3,102,418,500
10 Day Avg. Volume5,934,106
30 Day Avg. Volume7,165,122
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.52
Price to Sales (P/S)0.53
P/FCF Ratio8.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.49Price Target Upside18.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.46
Revenue Forecast (FY)HK$24.43B
China Lesso Group Holdings Business Overview & Revenue Model
Company Description
China Lesso Group Holdings Limited is a global investment holding company engaged in the production and sale of a wide array of piping and building materials. Its product line features plumbing systems designed for residential, commercial, municip...
How the Company Makes Money
China Lesso primarily makes money by manufacturing and selling piping products and related building-material solutions to customers involved in real estate construction, municipal infrastructure and utility projects, industrial users, and distribu...
China Lesso Group Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.59B | 24.31B | 27.03B | 30.87B | 30.77B | 32.06B |
| Gross Profit | 6.50B | 6.64B | 7.19B | 8.12B | 8.35B | 8.12B |
| EBITDA | 4.84B | 5.06B | 5.49B | 5.61B | 5.79B | 5.72B |
| Net Income | 932.23M | 1.26B | 1.68B | 2.37B | 2.52B | 3.04B |
Balance Sheet | ||||||
| Total Assets | 56.15B | 57.37B | 58.33B | 60.03B | 58.95B | 54.48B |
| Cash, Cash Equivalents and Short-Term Investments | 4.62B | 6.57B | 6.64B | 5.17B | 6.40B | 7.00B |
| Total Debt | 22.95B | 22.93B | 19.65B | 20.70B | 20.61B | 18.28B |
| Total Liabilities | 30.72B | 32.20B | 33.91B | 35.72B | 36.36B | 32.68B |
| Stockholders Equity | 24.96B | 24.65B | 23.84B | 23.50B | 21.79B | 20.77B |
Cash Flow | ||||||
| Free Cash Flow | 944.39M | 1.58B | 2.00B | 2.49B | 1.26B | 1.91B |
| Operating Cash Flow | 3.18B | 3.65B | 3.75B | 6.70B | 4.57B | 5.17B |
| Investing Cash Flow | -1.84B | -1.54B | -1.71B | -4.25B | -4.55B | -5.49B |
| Financing Cash Flow | -1.54B | -2.23B | -1.95B | -3.04B | -504.40M | 87.18M |
China Lesso Group Holdings Technical Analysis
Negative
4.64
Price Trends
3.30
Negative
3.64
Negative
4.36
Negative
Market Momentum
-0.10
Negative
35.68
Neutral
24.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2128, the sentiment is Negative. The current price of 4.64 is above the 20-day moving average (MA) of 3.06, above the 50-day MA of 3.30, and above the 200-day MA of 4.36, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 35.68 is Neutral, neither overbought nor oversold. The STOCH value of 24.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2128.
China Lesso Group Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$8.98B | 8.24 | 3.76% | 6.86% | -5.23% | -41.53% | |
49 Neutral | HK$21.82B | 56.01 | 1.61% | 3.32% | -4.78% | ― | |
41 Neutral | HK$199.79M | -0.61 | 118.96% | 3.51% | -50.93% | 43.67% |
* Industrials Sector Average
HK:2128
China Lesso Group Holdings
2.92
-1.33
-31.36%
HK:6865
Flat Glass Group Co
5.17
-6.81
-56.85%
HK:1592
Anchorstone Holdings Limited
0.14
-0.07
-32.02%
China Lesso Group Holdings Corporate Events
China Lesso Profit Drops 26% as Revenue Slips; Interim Dividend Scrapped
Aug 28, 2026
China Lesso Group Holdings reported interim results for the six months ended 30 June 2026 showing weaker performance amid a softer operating environment. Revenue slipped 4.5% year-on-year to RMB11.9 billion, while gross profit fell 2.5% to RMB3.43...
China Lesso Corrects Energy Data in 2025 Sustainability Report
Aug 21, 2026
China Lesso Group Holdings issued a clarification to its Sustainable Development Report for the year ended 31 December 2025, correcting the unit of measurement for electricity consumption and revising a reported figure for lubricating oil use in 2...
China Lesso Sets August Board Meeting to Approve Interim Results and Potential Dividend
Aug 18, 2026
China Lesso Group Holdings has scheduled a board meeting for 28 August 2026 to consider the declaration, recommendation or payment of an interim dividend and to approve the release of its unaudited interim results for the six months ended 30 June ...
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.