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Baoye Group Co., Ltd. Class H
(2355)
Select Model
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Rating:51Neutral
Price Target:
HK$3.00
â–Ľ(-6.54% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by deteriorating cash flow (negative operating and free cash flow in 2024–2025) and compressed profitability/returns, despite a relatively moderate leverage profile. Technicals add further pressure with the stock trading below key moving averages and negative MACD. Offsetting these risks, the stock screens as inexpensive on P/E with a moderate dividend yield.
Positive Factors
Moderate Leverage
Moderate leverage and a larger equity base provide a meaningful buffer against project volatility and weaker property conditions. This supports financial flexibility and reduces balance-sheet strain while the company works through lower returns and cash-flow pressure.
Negative Factors
Negative Cash Flow
Two consecutive years of negative operating and free cash flow indicate sustained working-capital pressure or elevated cash investment needs. If this persists, the company may become more dependent on financing and have less capacity to fund projects, dividends or growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage and a larger equity base provide a meaningful buffer against project volatility and weaker property conditions. This supports financial flexibility and reduces balance-sheet strain while the company works through lower returns and cash-flow pressure.
Read all positive factors
Baoye Group Co., Ltd. Class H (2355) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.52B
Dividend Yield3.2%
Average Volume (3M)48.67K
Price to Earnings (P/E)17.5
Beta (1Y)0.55
Revenue Growth8.21%
EPS Growth-57.24%
CountryHK
Employees5,555
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.56
Shares Outstanding169,886,000
10 Day Avg. Volume60,000
30 Day Avg. Volume48,666
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.14
Price to Sales (P/S)0.09
P/FCF Ratio-4.55
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
Baoye Group Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Baoye Group Company Limited, along with its affiliated entities, provides an extensive range of construction services across the People's Republic of China. The company's business activities are structured across three primary divisions: Construct...
How the Company Makes Money
Baoye Group primarily makes money by delivering construction projects and collecting contract revenue for the work performed. Under its construction contracting activities, it earns income from general contracting and specialized construction serv...
Baoye Group Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.95B | 22.34B | 26.48B | 24.43B | 26.78B |
| Gross Profit | 1.48B | 1.74B | 2.20B | 1.80B | 2.15B |
| EBITDA | 936.50M | 1.01B | 1.91B | 1.14B | 1.37B |
| Net Income | 289.64M | 409.91M | 889.26M | 704.78M | 788.48M |
Balance Sheet | |||||
| Total Assets | 42.25B | 45.20B | 48.51B | 48.82B | 48.92B |
| Cash, Cash Equivalents and Short-Term Investments | 10.04B | 8.91B | 9.77B | 8.18B | 8.61B |
| Total Debt | 4.06B | 4.29B | 3.56B | 2.99B | 4.07B |
| Total Liabilities | 28.60B | 31.66B | 35.51B | 36.97B | 37.57B |
| Stockholders Equity | 13.13B | 12.99B | 12.58B | 11.40B | 10.87B |
Cash Flow | |||||
| Free Cash Flow | -406.82M | -291.31M | 753.10M | 869.81M | 880.83M |
| Operating Cash Flow | -128.94M | -24.48M | 1.43B | 1.30B | 1.35B |
| Investing Cash Flow | -1.57B | -533.16M | -221.88M | 410.58M | 188.78M |
| Financing Cash Flow | 248.68M | -870.42M | 465.92M | -1.80B | -977.72M |
Baoye Group Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.80B | 3.88 | 15.72% | 11.81% | -12.79% | -0.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$1.40B | 2.47 | 5.88% | 8.14% | ― | ― | |
52 Neutral | HK$1.76B | -113.04 | -0.53% | 7.69% | -15.27% | -103.20% | |
51 Neutral | HK$1.52B | 17.46 | 0.59% | 3.20% | 8.21% | -57.24% | |
47 Neutral | HK$268.27M | -0.30 | -31.01% | 7.32% | -22.33% | -203.23% | |
42 Neutral | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:2355
Baoye Group Co., Ltd. Class H
3.06
-1.01
-24.82%
HK:0240
Build King Holdings
1.44
0.19
14.80%
HK:0896
Hanison Construction Holdings
0.26
>-0.01
-1.92%
HK:1599
Beijing Urban Construction Design & Development Grp Co., Ltd Class H
1.01
-0.36
-26.28%
HK:0406
Yau Lee Holdings Limited
0.51
-0.21
-29.86%
HK:0830
China State Construction Development Holdings Limited
0.78
-0.49
-38.68%
Baoye Group Co., Ltd. Class H Corporate Events
Baoye Group Warns of Interim Loss Amid Construction Downturn
Aug 14, 2026
Baoye Group Company Limited, a PRC-based construction and property development group listed in Hong Kong, generates revenue primarily from building projects and property deliveries across China. Its financial results are sensitive to fluctuations ...
Baoye Group Sets August Board Meeting to Approve 2026 Interim Results
Aug 14, 2026
Baoye Group Company Limited has scheduled a board meeting for 28 August 2026 in Zhejiang, China, to review and approve the unaudited interim results for the six months ended 30 June 2026. The company plans to publish these interim figures followin...
Baoye Group Wins Strong Shareholder Backing for 2025 Results and Final Dividend
Jun 18, 2026
Baoye Group shareholders approved the bulk of resolutions at the 18 June 2026 annual general meeting in Shaoxing, with about 83% of the company’s issued share capital represented either in person or by proxy. The meeting endorsed the board a...
Baoye Group Declares 2025 Final Dividend and Clarifies H-Share Withholding Tax Rules
Jun 18, 2026
Baoye Group Company Limited has declared a final ordinary dividend of RMB 0.085 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 18 June 2026. The dividend for H-shareholders will be paid in Hong K...
Baoye Group’s HKD 5.5 Special Dividend Fails to Win Shareholder Approval
Jun 18, 2026
Baoye Group Company Limited has withdrawn a proposed special dividend of HKD 5.5 per share after shareholders failed to approve a supplemental ordinary resolution at the company’s 2025 annual general meeting held on 18 June 2026. The resolut...
Baoye Group Wins Mandate to Repurchase and Cancel Up to 10% of H Shares
Jun 18, 2026
Baoye Group Company Limited has obtained shareholder approval at its 2025 annual general meeting for a general mandate allowing the board to repurchase up to 10% of the company’s issued H shares, subject to regulatory approvals and legal com...
Baoye Group Discloses Investigation Involving Executive Director, Says Operations Unaffected
Jun 11, 2026
Baoye Group Company Limited has disclosed that executive director Gao Jun is currently subject to lawful measures by Chinese authorities in connection with an investigation, the nature and details of which remain unclear. The company said it has b...
Baoye Group Faces Shareholder Push for Valuation Enhancement Plan at 2025 AGM
Jun 1, 2026
Baoye Group has issued a second supplemental notice for its 2025 annual general meeting after receiving an additional shareholder proposal from an investor holding about 1.02% of its share capital. The new ordinary resolution asks the company to f...
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.