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Canggang Railway Limited
(2169)
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Rating:52Neutral
Price Target:
HK$0.55
▲(9.00% Upside)
Action:Reiterated
Date:08/08/26
The score is primarily held back by weak cash-flow quality (negative free cash flow in 2025 and low operating cash flow coverage) and very bearish technicals (below all major moving averages with oversold momentum). These are partly offset by solid accounting profitability and manageable leverage, but valuation remains relatively expensive versus the modest dividend yield.
Positive Factors
Solid Profitability
Sustained net profitability and a strong EBIT margin indicate that the railway operation is converting service revenue into meaningful operating earnings. This provides internal capacity to maintain infrastructure, support investment, and withstand moderate changes in freight demand over the next several quarters.
Negative Factors
Weak Cash Conversion
Weak conversion of accounting earnings into operating cash reduces the funds available for infrastructure investment, debt service, and shareholder returns. Negative free cash flow may also increase reliance on external funding if the pattern persists across the coming reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Sustained net profitability and a strong EBIT margin indicate that the railway operation is converting service revenue into meaningful operating earnings. This provides internal capacity to maintain infrastructure, support investment, and withstand moderate changes in freight demand over the next several quarters.
Read all positive factors
Canggang Railway Limited (2169) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.16B
Dividend Yield1.22%
Average Volume (3M)593.87K
Price to Earnings (P/E)28.1
Beta (1Y)0.89
Revenue Growth24.03%
EPS Growth7.69%
CountryHK
Employees627
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.01
Shares Outstanding4,000,000,000
10 Day Avg. Volume275,000
30 Day Avg. Volume593,866
Financial Highlights & Ratios
PEG Ratio24.06
Price to Book (P/B)3.48
Price to Sales (P/S)10.19
P/FCF Ratio-57.72
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
Canggang Railway Limited Business Overview & Revenue Model
Company Description
Canggang Railway Limited manages and operates freight rail lines and associated yards within Hebei Province. The company facilitates rail cargo transport via its Canggang Railway Line, which is crucial for moving various goods, predominantly coal,...
How the Company Makes Money
Canggang Railway Limited primarily makes money by charging customers for rail freight transportation services provided on its railway line. Revenue is generated from freight service fees (i.e., charges based on the movement of cargo via rail, typi...
Canggang Railway Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
71
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.16M | 258.93M | 349.05M | 333.43M | 355.99M |
| Gross Profit | 129.07M | 121.27M | 172.53M | 114.21M | 137.37M |
| EBITDA | 103.61M | 118.59M | 147.78M | 153.60M | 164.76M |
| Net Income | 57.88M | 56.46M | 58.98M | 68.08M | 77.39M |
Balance Sheet | |||||
| Total Assets | 1.47B | 1.37B | 1.33B | 1.32B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 108.09M | 155.99M | 112.39M | 193.80M | 160.79M |
| Total Debt | 533.21M | 521.77M | 492.76M | 457.41M | 373.61M |
| Total Liabilities | 627.68M | 567.55M | 550.90M | 530.35M | 477.48M |
| Stockholders Equity | 814.19M | 779.24M | 745.95M | 759.08M | 774.74M |
Cash Flow | |||||
| Free Cash Flow | -49.10M | 48.19M | -2.54M | 43.14M | 74.89M |
| Operating Cash Flow | 84.05M | 125.90M | 53.48M | 107.66M | 116.89M |
| Investing Cash Flow | -91.41M | -58.76M | -72.45M | -56.40M | -35.28M |
| Financing Cash Flow | -40.55M | -22.58M | -62.52M | -18.60M | -147.75M |
Canggang Railway Limited Technical Analysis
Positive
0.50
Price Trends
0.50
Positive
0.53
Positive
0.60
Negative
Market Momentum
0.01
Negative
65.13
Neutral
90.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2169, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.50, and below the 200-day MA of 0.60, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.13 is Neutral, neither overbought nor oversold. The STOCH value of 90.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2169.
Canggang Railway Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$24.29B | 14.61 | 5.27% | 4.34% | ― | ― | |
71 Outperform | HK$208.91B | 8.98 | 11.50% | 3.98% | -6.48% | 30.99% | |
70 Outperform | HK$4.78B | 19.35 | 1.37% | 9.25% | 0.54% | -12.72% | |
69 Neutral | HK$60.17B | 8.26 | 9.72% | 4.46% | 13.79% | 14.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$55.07B | 14.66 | 7.46% | 6.30% | 6.47% | 3.93% | |
52 Neutral | HK$2.16B | 28.11 | 7.59% | 1.22% | 24.03% | 7.69% |
* Industrials Sector Average
HK:2169
Canggang Railway Limited
0.54
-0.77
-58.78%
HK:3969
China Railway Signal & Communication
3.11
-0.19
-5.77%
HK:0525
Guangshen Railway Company
2.39
<0.01
0.17%
HK:0066
MTR
32.94
7.47
29.34%
HK:3898
Zhuzhou CRRC Times Electric Co
29.42
-8.14
-21.66%
HK:0062
Transport International Holdings Limited
8.65
-1.34
-13.42%
Canggang Railway Limited Corporate Events
Canggang Railway Posts Higher Interim Revenue and Profit for First Half 2026
Aug 31, 2026
Canggang Railway Limited reported unaudited interim results for the six months ended 30 June 2026, showing solid growth in its rail cargo and logistics operations. Revenue rose to RMB163.0 million from RMB131.7 million a year earlier, while operat...
Canggang Railway Sets Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
Canggang Railway Limited has scheduled a board meeting for 31 August 2026 to review and approve the group’s unaudited condensed consolidated interim financial information for the six months ended 30 June 2026. The directors will also conside...
Canggang Railway Overhauls Governance Roles and Moves Hong Kong Office
Jul 31, 2026
Canggang Railway Limited has announced a reshuffle in its corporate governance functions, with joint company secretary, process agent and authorised representative Ms. Wong Pui Kiu Ingrid stepping down due to work arrangement adjustments, effectiv...
Canggang Railway Wins Strong Shareholder Backing for Mandates at AGM
Jun 17, 2026
Shareholders of Canggang Railway Limited overwhelmingly approved all ordinary resolutions at the annual general meeting held on June 17, 2026, including the 2025 audited financial statements, the re-election of directors and their remuneration, an...
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.