Lushang Life Services Co., Ltd. Class H (2376) AI Stock Analysis

Lushang Life Services Co., Ltd. Class H

(HKEX:2376)

Select Model

Rating:72.2Outperform

Price Target:HKD 3.50▲(17.85% Upside)

Action:reiterated

Date:10/08/26

The overall score is driven primarily by the company’s very strong, low-leverage balance sheet and resilient margins, which provide stability despite ongoing revenue decline and weak, volatile cash flows. Technicals show a constructive trend but are tempered by overbought momentum signals, while a moderate P/E and reasonable dividend yield point to a fair, income-supportive valuation rather than a deep value opportunity.

Positive Factors

Strong Balance SheetVery low leverage and a substantially larger equity base provide financial resilience and reduce exposure to debt-related pressure. This conservative capital structure preserves flexibility to fund operations, withstand weaker trading conditions, and pursue opportunities without relying heavily on external financing.

Negative Factors

Multi-Year Revenue ContractionDeclining revenue over three consecutive annual periods signals weakening top-line momentum rather than a single isolated setback. Sustained contraction can reduce operating leverage, limit investment capacity, and make it harder for the company to rebuild earnings growth over the next several quarters.

Lushang Life Services Co., Ltd. Class H (2376) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 396.69M
Dividend Yield: 3.15%
Average Volume (3M): 186.91K
Price to Earnings (P/E): 12.0
Beta (1Y): 0.28
Revenue Growth: -5.40%
EPS Growth: -24.15%
Country: Hong Kong
Employees: 1,292
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Services

Lushang Life Services Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Lushang Life Services Co., Ltd. is a Chinese enterprise specializing in comprehensive property management. The company's core services include diligent cleaning, robust security, meticulous greening, essential repair and maintenance, and the upkeep o...

How the Company Makes Money

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Lushang Life Services Co., Ltd. Class H Financial Statement Overview

Summary

Financial performance is supported by a very strong, low-debt balance sheet and resilient gross margins, but is constrained by steadily declining revenue, moderating net profit margins, and inconsistent cash generation that raises liquidity concerns.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	535.58M	552.75M	608.92M	621.02M	627.73M	582.80M
Gross Profit	104.53M	114.51M	115.94M	116.93M	144.70M	147.85M
EBITDA	37.43M	57.20M	56.26M	58.60M	94.97M	105.48M
Net Income	28.78M	33.07M	45.09M	39.43M	76.88M	75.81M
Balance Sheet
Total Assets	852.73M	850.81M	929.09M	900.80M	856.63M	634.40M
Cash, Cash Equivalents and Short-Term Investments	400.62M	420.79M	426.56M	411.62M	428.81M	277.62M
Total Debt	8.74M	8.69M	10.63M	2.22M	4.96M	3.77M
Total Liabilities	262.39M	260.26M	360.26M	377.10M	353.39M	333.95M
Stockholders Equity	586.21M	586.28M	564.85M	519.76M	500.11M	298.88M
Cash Flow
Free Cash Flow	36.64M	23.86M	-13.87M	-11.53M	-10.07M	-10.44M
Operating Cash Flow	42.27M	30.19M	-5.50M	-5.93M	-4.19M	29.00M
Investing Cash Flow	-16.61M	-17.58M	16.59M	-5.57M	1.91M	255.83M
Financing Cash Flow	-24.46M	-19.70M	2.25M	-6.25M	148.42M	-173.77M

Lushang Life Services Co., Ltd. Class H Technical Analysis

Technical Analysis SentimentPositive

Last Price2.97

Price Trends

50DMA2.44Positive

100DMA2.31Positive

200DMA2.38Positive

Market Momentum

MACD0.17Negative

RSI79.91Negative

STOCH95.08Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2376, the sentiment is Positive. The current price of 2.97 is above the 20-day moving average (MA) of 2.65, above the 50-day MA of 2.44, and above the 200-day MA of 2.38, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 79.91 is Negative, neither overbought nor oversold. The STOCH value of 95.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2376.

Lushang Life Services Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

HK:2376 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2156	77Outperform	HKD 3.48B	7.47	19.11%	6.07%	24.03%	12.10%
HK:0816	74Outperform	HKD 1.91B	7.33	13.94%	9.00%	18.19%	-18.47%
HK:2376	72Outperform	HKD 396.02M	11.99	4.91%	3.15%	-5.40%	-24.15%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HK:9979	63Neutral	HKD 3.27B	6.38	12.00%	19.05%	5.42%	-18.50%
HK:3319	60Neutral	HKD 2.67B	31.91	0.70%	7.27%	-2.93%	―
HK:1516	42Neutral	HKD 1.97B	8.29	3.95%	1.67%	-4.46%	50.30%

* Real Estate Sector Average

Performance Comparison

HK:2376 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:2376	Lushang Life Services Co., Ltd. Class H	2.97	-0.01	-0.24%
HK:3319	A-Living Smart City Services Co., Ltd. Class H	1.88	-0.47	-20.07%
HK:9979	Greentown Management Holdings Co., Ltd.	1.67	-1.01	-37.83%
HK:1516	Sunac Services Holdings Ltd.	0.66	-0.87	-56.92%
HK:2156	C&D Property Management Group Co., Ltd.	2.47	-0.25	-9.29%
HK:0816	Jinmao Property Services Co., Ltd.	2.11	-0.44	-17.12%

Lushang Life Services Co., Ltd. Class H Corporate Events

Lushang Life Services Profit Slides on Margin Pressure Despite Portfolio Growth

Aug 28, 2026

Lushang Life Services reported unaudited interim results for the six months ended June 30, 2026, showing revenue of RMB266.6 million, down 9.3% year on year, and gross profit of RMB50.3 million, with margin contracting to 18.9% from 21.1%. Net profit...

Lushang Life Services Sets August Board Meeting to Approve Interim Results and Potential Dividend

Aug 10, 2026

Lushang Life Services Co., Ltd. has scheduled a board meeting for August 28, 2026, to review and approve the interim results for the six months ended June 30, 2026, and to decide on their publication. The board will also consider the declaration of a...

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.

Date of analysis: Oct 08, 2026

Lushang Life Services Co., Ltd. Class H AI Stock Analysis