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Tianjin Construction Development Group Co., Ltd. Class H (2515) AI Stock Analysis

HK:2515

Tianjin Construction Development Group Co., Ltd. Class H

(HKEX:2515)

Select Model
Rating:57Neutral
Price Target:HKD 6.00â–²(6.29% Upside)
Action:reiterated
Date:10/22/26

The score is held back primarily by weak financial performance, driven by the 2025 earnings collapse and revenue decline alongside historically volatile cash generation, despite a conservatively leveraged balance sheet. This is partially offset by strong technical momentum with price trading above key moving averages and a positive MACD. Valuation remains a moderate negative factor because the company is currently loss-making (negative P/E) and no dividend yield is available.

Positive Factors
Conservative leverageLow debt relative to equity provides financial resilience in a cyclical construction environment and preserves flexibility for operations, investment, or downturn management. This conservative capital structure can reduce pressure from financing costs while the company works through weaker profitability.
Negative Factors
Sharp profitability deteriorationThe sharp move from profit to a sizable loss materially weakens earnings quality and reduces visibility into sustainable returns. Negative margins can constrain reinvestment and capital efficiency, while the reversal suggests that recent operating conditions are not supporting the prior earnings profile.

Tianjin Construction Development Group Co., Ltd. Class H (2515) vs. iShares MSCI Hong Kong ETF (EWH)

-200%0%200%400%600%800%1000%HK:2515+782.03%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.75B
Dividend Yield
―
Average Volume (3M)
451.90K
Price to Earnings (P/E)
-15.1
Beta (1Y)
0.78
Revenue Growth
-11.68%
EPS Growth
-519.42%
Country
Hong Kong
Employees
147
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Tianjin Construction Development Group Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Headquartered in Tianjin, China, Tianjin Construction Development Group Co., Ltd. is actively involved in the engineering and construction sector. Since its inception in 2010, the company has specialized in delivering a diverse range of projects, enc...

How the Company Makes Money

null

Tianjin Construction Development Group Co., Ltd. Class H Financial Statement Overview

Summary

Income statement weakness dominates: 2025 swung to a sizable net loss with materially negative margins and lower revenue. The balance sheet is a relative strength with conservative leverage, but equity/assets contracted and ROE turned negative. Cash flow improved to positive free cash flow in 2025, yet multi-year volatility and prior negative operating cash flow reduce confidence in cash conversion stability.

Income Statement

32Negative

Balance Sheet

68Positive

Cash Flow

44Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue250.74M238.07M302.50M319.44M287.96M274.94M
Gross Profit17.84M17.21M75.35M80.31M72.59M71.71M
EBITDA-24.29M-37.63M30.54M51.41M42.44M50.87M
Net Income-47.33M-47.28M21.75M41.05M35.09M41.41M
Balance Sheet
Total Assets681.32M650.05M710.36M556.42M432.12M305.68M
Cash, Cash Equivalents and Short-Term Investments62.34M27.93M19.60M6.42M20.20M11.31M
Total Debt39.30M22.34M43.10M20.22M17.45M17.56M
Total Liabilities336.19M369.59M381.48M331.24M275.22M183.87M
Stockholders Equity345.12M280.46M328.88M225.19M156.90M121.81M
Cash Flow
Free Cash Flow-7.08M30.50M-106.00M-35.04M2.81M7.67M
Operating Cash Flow-6.63M33.63M-103.07M-33.60M11.15M11.17M
Investing Cash Flow-8.37M-5.08M-2.21M9.30M748.00K-12.67M
Financing Cash Flow63.40M-22.84M118.41M10.52M-3.01M615.00K

Tianjin Construction Development Group Co., Ltd. Class H Technical Analysis

Technical Analysis SentimentPositive
Last Price5.64

Price Trends

50DMA4.23Positive
100DMA2.91Positive
200DMA2.00Positive

Market Momentum

MACD0.38Negative
RSI63.44Neutral
STOCH68.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2515, the sentiment is Positive. The current price of 5.64 is above the 20-day moving average (MA) of 4.77, above the 50-day MA of 4.23, and above the 200-day MA of 2.00, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 63.44 is Neutral, neither overbought nor oversold. The STOCH value of 68.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2515.

Tianjin Construction Development Group Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:2515 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0240HK:024084OutperformHKD 1.73B3.7615.72%12.19%-12.79%-0.62%
HK:3311HK:331174OutperformHKD 45.85B5.3610.83%7.08%-14.20%-12.79%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:2515HK:251557NeutralHKD 1.75B-15.12-15.13%―-11.68%-519.42%
HK:0896HK:089647NeutralHKD 316.56M-0.35-31.01%―-22.33%-203.23%
HK:2503HK:250343NeutralHKD 858.21M-4.92-5.21%―-25.02%-189.47%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

0%200%400%600%HK:2515HK:0240HK:3311HK:0896HK:0406HK:2503Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2515 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2515Tianjin Construction Development Group Co., Ltd. Class H5.644.98755.30%
HK:0240Build King Holdings1.39-0.01-0.43%
HK:3311China State Construction International Holdings 8.680.333.90%
HK:0896Hanison Construction Holdings 0.290.0519.43%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:2503Zhongshen Jianye Holding Limited0.25-0.17-40.05%

Tianjin Construction Development Group Co., Ltd. Class H Corporate Events

Tianjin Construction Development Group Revamps Board with New Independent Director

Sep 30, 2026

Tianjin Construction Development Group Co., Ltd., a PRC-based construction and infrastructure developer listed in Hong Kong, operates projects in Tianjin’s Binhai New Area and other economic zones. Its governance aligns with PRC company law and...

Tianjin Construction Development Group Updates Board and Committee Roles

Sep 30, 2026

Tianjin Construction Development Group Co., Ltd. has announced the latest composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive members. The update clarifies leadership responsibilities a...

Tianjin Construction Development Group Calls EGM to Add Independent Director

Sep 11, 2026

Tianjin Construction Development Group Co., Ltd., a PRC-based joint stock company listed in Hong Kong, operates in the construction and infrastructure development industry, with activities focused around the Tianjin Economic and Technological Develop...

Tianjin Construction Development Group Reshapes Board with New Independent Director

Sep 10, 2026

Tianjin Construction Development Group Co., Ltd. announced that independent non-executive director Mr. Shiu Shu Ming has tendered his resignation to focus on other business commitments. He will remain in his role, including as chairman of the audit c...

Tianjin Construction Development Group Posts 2026 Interim Results, Keeps Dividend on Hold

Aug 28, 2026

Tianjin Construction Development Group Co., Ltd., a Hong Kong-listed PRC construction and infrastructure developer, released its unaudited consolidated interim results for the six months ended 30 June 2026. The Group operates through multiple subsidi...

Tianjin Construction Development Overhauls Governance as Shareholders Back Auditor Change

Aug 19, 2026

Shareholders of Tianjin Construction Development Group Co., Ltd. convened an extraordinary general meeting in Tianjin on 19 August 2026, with attendees representing about 28.94% of the company’s issued share capital. The meeting was confirmed a...

Tianjin Construction Development Group Formalizes Board Remuneration Committee

Aug 19, 2026

Tianjin Construction Development Group has established a Remuneration Committee under its board to strengthen appraisal and remuneration management for directors and senior management and to enhance its overall governance structure. The committee, go...

Tianjin Construction Development Group Tightens Governance With New Audit Committee Mandate

Aug 19, 2026

Tianjin Construction Development Group has formally established detailed terms of reference for its Audit Committee to strengthen internal control, enhance the board’s decision-making, and improve oversight of financial reporting and risk manag...

Tianjin Construction Development Group Sets Up Nomination Committee to Bolster Governance

Aug 19, 2026

Tianjin Construction Development Group Co., Ltd. has established a Nomination Committee under its board of directors to standardise the appointment of directors and senior management and to optimise board composition. The move aims to strengthen the...

Tianjin Construction Development Group Moves to CROWE After Audit Fee Dispute With KPMG

Aug 18, 2026

Tianjin Construction Development Group has detailed the sequence of events behind its proposed change of auditor, stemming from unsuccessful fee negotiations with incumbent KPMG for the 2026 audit. After KPMG maintained its audit fee at RMB1.5 millio...

Tianjin Construction Development Group Sets August Board Meeting to Review Interim Results

Aug 18, 2026

Tianjin Construction Development Group Co., Ltd., a PRC-based construction and infrastructure company listed in Hong Kong, will convene a board meeting on 28 August 2026. The board, led by chairman and non-executive director Wang Wenbin and including...

Tianjin Construction Development Group Calls EGM to Overhaul Governance Framework

Jul 31, 2026

Tianjin Construction Development Group has called an extraordinary general meeting in Tianjin on 19 August 2026 to seek shareholder approval for several key governance changes. The meeting will be conducted by poll in line with Hong Kong listing rule...

Tianjin Construction Development Group Switches Auditor to Cut Audit Costs

Jul 31, 2026

Tianjin Construction Development Group announced that KPMG has resigned as its auditor effective 31 July 2026 after the parties failed to agree on the audit fee for the 2026 financial year. The board and audit committee emphasized there was no disagr...

Tianjin Construction Development Group Overhauls Governance Under New PRC Company Law

Jul 31, 2026

Tianjin Construction Development Group Co., Ltd. plans to abolish its Supervisory Committee in line with China’s new Company Law effective 1 July 2024, shifting the committee’s statutory powers to the board’s Audit Committee. The ch...

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 22, 2026