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Shanxi Installation Group Co., Ltd. Class H
(2520)
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Rating:47Neutral
Price Target:
HK$2.50
â–²(9.65% Upside)
Action:Reiterated
Date:10/07/26
The score is held down primarily by weak financial performance—especially the sharp swing to deeply negative operating/free cash flow alongside elevated and rising leverage and thin margins. Technicals are modestly supportive (price above key moving averages with positive MACD), and valuation is mixed (moderate P/E but an unusually high dividend yield that looks less secure given cash-flow weakness).
Positive Factors
EPS Growth
EPS growth of 8.5% provides evidence that the company still expanded per-share earnings despite a difficult period for revenue and cash generation. If this improvement persists, it could support internal funding and shareholder returns, although the broader profit base remains thin.
Negative Factors
Revenue Decline
The material 2025 revenue decline shows that the company’s top line is vulnerable to weaker project activity, execution, or demand. Sustained contraction would reduce operating leverage, make fixed costs harder to absorb, and constrain the resources available for growth and debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
EPS Growth
EPS growth of 8.5% provides evidence that the company still expanded per-share earnings despite a difficult period for revenue and cash generation. If this improvement persists, it could support internal funding and shareholder returns, although the broader profit base remains thin.
Read all positive factors
Shanxi Installation Group Co., Ltd. Class H (2520) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.21B
Dividend Yield1%
Average Volume (3M)16.67K
Price to Earnings (P/E)16.8
Beta (1Y)-0.03
Revenue Growth-16.42%
EPS Growth8.50%
CountryHK
Employees3,556
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.10
Shares Outstanding373,486,000
10 Day Avg. Volume43,400
30 Day Avg. Volume16,666
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.00
Price to Sales (P/S)0.28
P/FCF Ratio-1.63
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
Shanxi Installation Group Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanxi Installation Group Co., Ltd. provides a diverse array of services, encompassing specialized industrial construction, expert auxiliary construction, and other non-construction related endeavors. Their comprehensive offerings span design, con...
How the Company Makes Money
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Shanxi Installation Group Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
34
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.12B | 10.22B | 12.24B | 10.97B | 12.84B | 13.28B |
| Gross Profit | 1.43B | 1.13B | 1.52B | 1.40B | 1.84B | 1.75B |
| EBITDA | 522.77M | 395.62M | 439.61M | 448.28M | 707.30M | 706.75M |
| Net Income | 169.21M | 134.85M | 209.53M | 205.56M | 150.88M | 124.83M |
Balance Sheet | ||||||
| Total Assets | 27.28B | 26.03B | 24.12B | 23.52B | 21.45B | 17.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.61B | 1.82B | 2.20B | 2.10B | 1.38B | 1.04B |
| Total Debt | 10.87B | 10.03B | 8.17B | 7.50B | 5.47B | 4.70B |
| Total Liabilities | 23.69B | 22.54B | 20.78B | 20.40B | 19.21B | 15.56B |
| Stockholders Equity | 2.94B | 2.90B | 2.76B | 2.61B | 1.81B | 1.68B |
Cash Flow | ||||||
| Free Cash Flow | -3.09B | -1.78B | 316.60M | -256.90M | -291.02M | -662.35M |
| Operating Cash Flow | -2.86B | -1.73B | 385.47M | 511.56M | 45.24M | 67.52M |
| Investing Cash Flow | -275.64M | -115.85M | -87.09M | -750.76M | -445.30M | -659.42M |
| Financing Cash Flow | 2.58B | 1.21B | -187.71M | 948.48M | 740.37M | 817.67M |
Shanxi Installation Group Co., Ltd. Class H Technical Analysis
Neutral
2.28
Price Trends
2.34
Positive
2.27
Positive
2.13
Positive
Market Momentum
>-0.01
Positive
38.17
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2520, the sentiment is Neutral. The current price of 2.28 is below the 20-day moving average (MA) of 2.39, below the 50-day MA of 2.34, and above the 200-day MA of 2.13, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2520.
Shanxi Installation Group Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.73B | 3.76 | 15.72% | 12.19% | -12.79% | -0.62% | |
67 Neutral | HK$45.85B | 5.36 | 10.83% | 7.08% | -14.20% | -12.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | HK$1.48B | 16.04 | 0.59% | 3.46% | 8.21% | -57.24% | |
51 Neutral | HK$1.75B | 16.36 | 3.16% | 0.51% | -14.03% | -62.71% | |
47 Neutral | HK$3.21B | 16.81 | 6.95% | 1.00% | -16.42% | 8.50% | |
45 Neutral | HK$104.28B | 18.17 | 4.43% | 3.81% | -0.79% | -32.91% |
* General Sector Average
HK:2520
Shanxi Installation Group Co., Ltd. Class H
2.34
0.26
12.66%
HK:0240
Build King Holdings
1.39
>-0.01
-0.43%
HK:3311
China State Construction International Holdings
8.68
0.33
3.90%
HK:3996
China Energy Engineering Corp. Ltd. Class H
0.94
-0.19
-16.96%
HK:2355
Baoye Group Co., Ltd. Class H
2.84
-1.18
-29.34%
HK:2236
Wison Engineering Services Co., Ltd.
0.43
0.04
10.26%
Shanxi Installation Group Co., Ltd. Class H Corporate Events
Shanxi Installation Group Shareholders Unanimously Back New Board Appointments
Aug 28, 2026
Shanxi Installation Group Co., Ltd. held its first extraordinary general meeting of 2026 on August 28 in Shanxi Province, with all nine directors participating in person or via video. Shareholder turnout was strong, with holders of approximately 8...
Shanxi Installation Group Details Board Composition and Governance Committees
Aug 28, 2026
Shanxi Installation Group Co., Ltd., a PRC-based engineering and construction installation firm listed in Hong Kong, has disclosed the current composition of its board of directors, comprising executive, non-executive and independent non-executive...
Shanxi Installation Group Lifts Interim Profit Despite Revenue Drop
Aug 28, 2026
Shanxi Installation Group reported unaudited interim results for the six months ended June 30, 2026, showing operating revenue of RMB4.56 billion, down from RMB5.61 billion a year earlier. Despite the revenue decline, gross profit was RMB521.6 mil...
Shanxi Installation Group Schedules Board Meeting to Approve 2026 Interim Results
Aug 18, 2026
Shanxi Installation Group Co., Ltd. has announced that its board of directors will convene on August 28, 2026 to review and approve the group’s interim results for the six months ended June 30, 2026 for publication. The board will also consi...
Shanxi Installation Group Announces Board and Committee Structure
Aug 11, 2026
Shanxi Installation Group has announced the current composition of its board, listing executive director and chairman Ren Rui alongside fellow executive Zhang Yan, three non-executive directors and four independent non-executive directors. This st...
Shanxi Installation Group Calls 2026 EGM to Vote on New Board Appointments
Aug 11, 2026
Shanxi Installation Group Co., Ltd. has called its first extraordinary general meeting of 2026 for August 28 in Shanxi Province, where shareholders will vote on the appointment of Wang Jianjun as an executive director and Li Bin as a non-executive...
Shanxi Installation Group Reshapes Board With New Non-Executive Director
Aug 11, 2026
Shanxi Installation Group announced that non-executive director Mr. Xu Guanshi has resigned effective August 11, 2026, citing adjustments to work arrangements and confirming no disagreement with the board or issues requiring shareholder attention....
Shanxi Installation Group Elevates Wang Jianjun to General Manager and Executive Director Nominee
Jul 31, 2026
Shanxi Installation Group has appointed Wang Jianjun as general manager, effective July 31, 2026, following the earlier resignation of Ren Rui, and ended his previous role as deputy general manager. His remuneration as general manager will follow ...
Shanxi Installation Group Wins RMB1.5 Billion EPC Deal for Major Oman Solar Project
Jul 15, 2026
Shanxi Installation Group Co., Ltd. has secured an EPC general contracting deal worth about RMB1.5 billion for the 500MW Oman Al Kamil Phase I photovoltaic project, its first major project in the Middle East new energy market. The contract covers ...
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.