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Wison Engineering Services Co., Ltd.
(2236)
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Rating:48Neutral
Price Target:
HK$0.40
â–²(7.03% Upside)
Action:Reiterated
Date:07/31/26
The score is held back mainly by uneven financial quality—especially the sharp 2025 revenue decline and the swing to negative operating/free cash flow—despite improved profitability and a more manageable leverage profile. Technicals are also weak with the stock trading below all provided moving averages, while valuation is only moderately supportive based on the P/E and no dividend yield data.
Positive Factors
Profitability Recovery
A return to two consecutive years of positive net income indicates the business has regained basic earnings capacity after the 2022–2023 loss period, providing a stronger foundation for operations and investment.
Negative Factors
Severe Revenue Contraction
The steep top-line decline highlights significant dependence on project timing and contract flow. Persistent revenue instability can weaken resource utilization, reduce operating leverage, and make future earnings harder to forecast.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
A return to two consecutive years of positive net income indicates the business has regained basic earnings capacity after the 2022–2023 loss period, providing a stronger foundation for operations and investment.
Read all positive factors
Wison Engineering Services Co., Ltd. (2236) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.90B
Dividend Yield0.51%
Average Volume (3M)458.58K
Price to Earnings (P/E)18.6
Beta (1Y)0.77
Revenue Growth-14.03%
EPS Growth-62.71%
CountryHK
Employees1,523
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.03
Shares Outstanding4,080,108,000
10 Day Avg. Volume819,442
30 Day Avg. Volume458,579
Financial Highlights & Ratios
PEG Ratio15.41
Price to Book (P/B)0.44
Price to Sales (P/S)0.17
P/FCF Ratio-1.31
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
Wison Engineering Services Co., Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Wison Engineering Services Co. Ltd. delivers specialized services in chemical engineering, procurement, and construction management (EPCM) across a global footprint, encompassing Mainland China, the Unit...
How the Company Makes Money
The company primarily makes money by providing engineering and project-related services to clients that develop or upgrade energy and process-industry facilities. Revenue is generally generated through customer contracts that pay for (1) engineeri...
Wison Engineering Services Co., Ltd. Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.60B | 5.65B | 3.84B | 4.66B | 6.28B |
| Gross Profit | 607.19M | 445.22M | 227.20M | -208.30M | 458.80M |
| EBITDA | 81.71M | -966.81M | -13.04M | -982.04M | -138.10M |
| Net Income | 142.39M | 141.63M | -196.12M | -1.19B | -92.61M |
Balance Sheet | |||||
| Total Assets | 10.13B | 12.29B | 9.46B | 8.94B | 10.10B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 4.07B | 1.14B | 750.88M | 1.01B |
| Total Debt | 903.61M | 1.12B | 1.12B | 1.22B | 1.19B |
| Total Liabilities | 7.27B | 9.64B | 7.01B | 6.37B | 6.45B |
| Stockholders Equity | 2.88B | 2.67B | 2.46B | 2.59B | 3.65B |
Cash Flow | |||||
| Free Cash Flow | -966.22M | 3.06B | 628.81M | -598.64M | 226.57M |
| Operating Cash Flow | -958.79M | 3.08B | 651.54M | -594.91M | 256.48M |
| Investing Cash Flow | 335.45M | -703.68M | -10.57M | 39.77M | -4.39M |
| Financing Cash Flow | -185.80M | -51.51M | -163.98M | -2.77M | 217.29M |
Wison Engineering Services Co., Ltd. Technical Analysis
Positive
0.37
Price Trends
0.46
Positive
0.50
Negative
0.47
Negative
Market Momentum
>-0.01
Negative
56.26
Neutral
63.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2236, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.46, and below the 200-day MA of 0.47, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.26 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2236.
Wison Engineering Services Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$44.95B | 5.31 | 10.83% | 7.24% | -14.20% | -12.79% | |
68 Neutral | HK$26.14B | 14.39 | 4.87% | 6.71% | 14.07% | -35.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$1.90B | 18.60 | 3.16% | 0.51% | -14.03% | -62.71% | |
46 Neutral | HK$14.75B | 52.93 | 8.67% | 0.40% | 0.61% | 61.74% | |
44 Neutral | HK$53.67B | 20.18 | 4.63% | 3.39% | 2.43% | -36.44% | |
42 Neutral | HK$58.59B | 102.34 | 0.42% | 4.43% | -17.13% | -88.69% |
* Industrials Sector Average
HK:2236
Wison Engineering Services Co., Ltd.
0.49
-0.03
-4.90%
HK:3311
China State Construction International Holdings
8.61
-1.39
-13.88%
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.06
-0.11
-9.13%
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.39
-0.81
-36.82%
HK:2386
SINOPEC Engineering (Group) Co., Ltd. Class H
5.95
-1.09
-15.49%
HK:2068
China Aluminum International Engineering Corporation Limited Class H
1.82
-0.54
-23.09%
Wison Engineering Services Co., Ltd. Corporate Events
Wison Engineering Profit Slumps as Volatile Energy Markets Hit First-Half 2026 Results
Aug 27, 2026
Wison Engineering reported a sharp downturn in performance for the first half of 2026, with revenue falling 37.6% year on year to RMB2,281.1 million and gross profit declining 12.5% to RMB233.9 million. Profit attributable to shareholders dropped ...
Wison Engineering Sets August Board Meeting to Approve Interim Results and Possible Dividend
Aug 17, 2026
Wison Engineering Services Co., Ltd. has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026, and to authorize their publication. The board will also consider the potential d...
Wison Engineering Warns of Sharply Lower Interim Profit as Key Projects Wind Down
Jul 27, 2026
Wison Engineering Services has issued a profit warning for the six months ended 30 June 2026, flagging that net profit is expected to fall to between RMB20 million and RMB30 million from approximately RMB77.6 million a year earlier. The company at...
Wison Engineering Wins Full Shareholder Backing for AGM Resolutions and Capital Mandates
Jun 5, 2026
Wison Engineering Services Co., Ltd. reported that all resolutions proposed at its annual general meeting on 5 June 2026 were approved by shareholders via poll, with Computershare Hong Kong Investor Services acting as scrutineer. Key approvals inc...
Wison Engineering Sets Out Board Line-up and Committee Roles
Jun 5, 2026
Wison Engineering Services Co., Ltd. has announced the current composition of its board, led by Chairman and CEO Zhou Hongliang, alongside other executive, non-executive and independent non-executive directors. The structure underscores a separati...
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.