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Tianjin Construction Development Group Co., Ltd. Class H
(2515)
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Rating:49Neutral
Price Target:
HK$4.50
â–²(900.00% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily held back by weak financial performance, driven by the 2025 swing to a sizable loss and falling revenue, with historically volatile cash generation despite a 2025 rebound. Technicals provide partial support due to strong uptrend signals, but extremely overbought indicators increase near-term risk. Valuation is penalized by the negative P/E (loss-making) and the absence of a provided dividend yield.
Positive Factors
Conservative leverage
Conservative leverage and sizable equity provide financial resilience in a cyclical construction environment. This structure can reduce interest pressure, preserve borrowing capacity, and give management greater flexibility to fund operations or manage downturns over the next several quarters.
Negative Factors
Sharp 2025 earnings deterioration
The move from profit to a sizable loss materially weakens earnings quality and reduces internal capital generation. Meaningfully negative margins also suggest that current project economics or execution are under pressure, making a durable recovery in profitability less certain over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Conservative leverage and sizable equity provide financial resilience in a cyclical construction environment. This structure can reduce interest pressure, preserve borrowing capacity, and give management greater flexibility to fund operations or manage downturns over the next several quarters.
Read all positive factors
Tianjin Construction Development Group Co., Ltd. Class H (2515) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.26B
Dividend YieldN/A
Average Volume (3M)401.80K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-11.68%
EPS Growth-519.42%
CountryHK
Employees147
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.32
Shares Outstanding310,742,740
10 Day Avg. Volume355,600
30 Day Avg. Volume401,800
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.64
Price to Sales (P/S)0.75
P/FCF Ratio5.85
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
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, ...
How the Company Makes Money
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Tianjin Construction Development Group Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.74M | 238.07M | 302.50M | 319.44M | 287.96M | 274.94M |
| Gross Profit | 17.84M | 17.21M | 75.35M | 80.31M | 72.59M | 71.71M |
| EBITDA | -24.29M | -37.63M | 29.90M | 51.41M | 42.44M | 50.87M |
| Net Income | -47.33M | -47.28M | 21.75M | 41.05M | 35.09M | 41.41M |
Balance Sheet | ||||||
| Total Assets | 681.32M | 650.05M | 710.36M | 556.42M | 432.12M | 305.68M |
| Cash, Cash Equivalents and Short-Term Investments | 62.34M | 27.93M | 19.60M | 6.42M | 20.20M | 11.31M |
| Total Debt | 39.30M | 22.34M | 43.10M | 20.22M | 17.45M | 17.56M |
| Total Liabilities | 336.19M | 369.59M | 381.48M | 331.24M | 275.22M | 183.87M |
| Stockholders Equity | 345.12M | 280.46M | 328.88M | 225.19M | 156.90M | 121.81M |
Cash Flow | ||||||
| Free Cash Flow | -7.08M | 30.50M | -106.00M | -35.04M | 2.81M | 7.67M |
| Operating Cash Flow | -6.63M | 33.63M | -103.07M | -33.60M | 11.15M | 11.17M |
| Investing Cash Flow | -8.37M | -5.08M | -2.21M | 9.30M | 748.00K | -12.67M |
| Financing Cash Flow | 63.40M | -22.84M | 118.41M | 10.52M | -3.01M | 615.00K |
Tianjin Construction Development Group Co., Ltd. Class H Technical Analysis
Positive
0.45
Price Trends
2.10
Positive
1.67
Positive
1.29
Positive
Market Momentum
0.44
Negative
85.28
Negative
92.21
Negative
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 0.45 is below the 20-day moving average (MA) of 2.70, below the 50-day MA of 2.10, and below the 200-day MA of 1.29, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 85.28 is Negative, neither overbought nor oversold. The STOCH value of 92.21 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.73B | 3.66 | 15.72% | 12.50% | -12.79% | -0.62% | |
76 Outperform | HK$44.79B | 5.09 | 10.83% | 7.58% | -14.20% | -12.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$1.26B | -12.35 | -15.13% | ― | -11.68% | -519.42% | |
46 Neutral | HK$892.54M | -4.91 | -5.21% | ― | -25.02% | -189.47% | |
43 Neutral | HK$279.00M | -0.31 | -31.01% | 7.32% | -22.33% | -203.23% | |
38 Underperform | HK$221.22M | -1.09 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:2515
Tianjin Construction Development Group Co., Ltd. Class H
4.58
4.10
854.17%
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1.36
0.09
7.45%
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8.24
-1.69
-16.99%
HK:0896
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0.26
0.00
0.00%
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0.50
-0.25
-33.33%
HK:2503
Zhongshen Jianye Holding Limited
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-0.08
-24.16%
Tianjin Construction Development Group Co., Ltd. Class H Corporate Events
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 Deve...
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 audi...
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 subs...
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 confirme...
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,...
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 ma...
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 t...
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 mil...
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 includ...
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 r...
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 dis...
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...
Tianjin Construction Development Group raises HK$43.8m via new share subscription
Jun 29, 2026
Tianjin Construction Development Group has completed a new share subscription under its general mandate, issuing 51.79 million shares to external subscribers. The new shares represented 20% of its issued capital before the deal and about 16.67% af...
Tianjin Construction Development Wins Unanimous Backing for Capital Increase and Charter Changes
Jun 12, 2026
Tianjin Construction Development Group reported that shareholders approved all special resolutions at its extraordinary general meeting held in Tianjin on 12 June 2026. The company secured full support from attending shareholders to increase its r...
Tianjin Construction Development Group Details HK$44 Million Share Subscription and Use of Proceeds
Jun 12, 2026
Tianjin Construction Development Group has detailed the investors in its latest share subscription under a general mandate, naming five individual subscribers and one corporate investor, Primary Winner Limited, whose ultimate beneficial owner is C...
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.