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Baoye Group Co., Ltd. Class H
(2355)
Select Model
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Rating:51Neutral
Price Target:
HK$2.50
▼(-22.12% 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 and improving leverage provides a stronger financial buffer for a project-based business exposed to construction and property cycles. Lower debt intensity can preserve borrowing capacity, reduce balance-sheet strain, and give management more flexibility to fund operations through the next several quarters.
Negative Factors
Negative cash generation
Two consecutive years of negative operating and free cash flow indicate that reported profitability is not currently converting into cash reliably. If this persists, working-capital needs or investment spending could increase financing dependence and reduce the funds available for growth, debt service, or shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage
Moderate and improving leverage provides a stronger financial buffer for a project-based business exposed to construction and property cycles. Lower debt intensity can preserve borrowing capacity, reduce balance-sheet strain, and give management more flexibility to fund operations through the next several quarters.
Read all positive factors
Baoye Group Co., Ltd. Class H (2355) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.42B
Dividend Yield3.5%
Average Volume (3M)61.27K
Price to Earnings (P/E)15.9
Beta (1Y)0.53
Revenue Growth8.21%
EPS Growth-57.24%
CountryHK
Employees5,555
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.15
Shares Outstanding169,886,000
10 Day Avg. Volume19,800
30 Day Avg. Volume61,266
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.98B | 19.95B | 22.34B | 26.48B | 24.43B | 26.78B |
| Gross Profit | 1.34B | 1.48B | 1.74B | 2.20B | 1.80B | 2.15B |
| EBITDA | 591.16M | 803.25M | 1.01B | 1.91B | 1.16B | 1.39B |
| Net Income | 77.31M | 289.64M | 409.91M | 889.26M | 704.78M | 788.48M |
Balance Sheet | ||||||
| Total Assets | 41.58B | 42.25B | 45.20B | 48.51B | 48.82B | 48.92B |
| Cash, Cash Equivalents and Short-Term Investments | 11.98B | 10.04B | 8.91B | 9.77B | 8.18B | 8.61B |
| Total Debt | 4.92B | 4.06B | 4.29B | 3.56B | 2.99B | 4.07B |
| Total Liabilities | 28.24B | 28.60B | 31.66B | 35.51B | 36.97B | 37.57B |
| Stockholders Equity | 12.90B | 13.13B | 12.99B | 12.58B | 11.40B | 10.87B |
Cash Flow | ||||||
| Free Cash Flow | 539.51M | -406.82M | -291.31M | 753.10M | 869.81M | 880.83M |
| Operating Cash Flow | 777.86M | -128.94M | -24.48M | 1.43B | 1.30B | 1.35B |
| Investing Cash Flow | -668.22M | -1.57B | -533.16M | -221.88M | 410.58M | 188.78M |
| Financing Cash Flow | 850.14M | 248.68M | -870.42M | 465.92M | -1.80B | -977.72M |
Baoye Group Co., Ltd. Class H Technical Analysis
Negative
3.21
Price Trends
3.02
Negative
3.33
Negative
3.65
Negative
Market Momentum
-0.08
Negative
43.75
Neutral
29.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2355, the sentiment is Negative. The current price of 3.21 is above the 20-day moving average (MA) of 2.82, above the 50-day MA of 3.02, and below the 200-day MA of 3.65, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 29.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2355.
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 |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.68B | 3.65 | 15.72% | 12.55% | -12.79% | -0.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$1.27B | 2.31 | 5.88% | 8.70% | ― | ― | |
51 Neutral | HK$1.42B | 15.95 | 0.59% | 3.50% | 8.21% | -57.24% | |
46 Neutral | HK$1.38B | -88.41 | -0.53% | 4.59% | -15.27% | -103.20% | |
43 Neutral | HK$300.46M | -0.33 | -31.01% | 7.32% | -22.33% | -203.23% | |
38 Underperform | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:2355
Baoye Group Co., Ltd. Class H
2.80
-1.18
-29.70%
HK:0240
Build King Holdings
1.35
0.14
11.11%
HK:0896
Hanison Construction Holdings
0.28
0.02
7.69%
HK:1599
Beijing Urban Construction Design & Development Grp Co., Ltd Class H
0.95
-0.33
-25.94%
HK:0406
Yau Lee Holdings Limited
0.51
-0.18
-26.81%
HK:0830
China State Construction Development Holdings Limited
0.61
-0.64
-51.24%
Baoye Group Co., Ltd. Class H Corporate Events
Baoye Group Swings to Interim Loss as Revenue and Profitability Slide
Aug 28, 2026
Baoye Group Co., Ltd. reported a sharp downturn in its interim results for the six months ended 30 June 2026, as revenue fell to RMB 7.53 billion from RMB 8.50 billion a year earlier and gross profit shrank accordingly. The group swung to a net lo...
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...
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.