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Shanxi Installation Group Co., Ltd. Class H
(2520)
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Rating:48Neutral
Price Target:
HK$2.00
â–¼(-12.28% Downside)
Action:Reiterated
Date:07/07/26
The score is held back primarily by weak financial performance—especially the sharp swing to deeply negative operating/free cash flow and higher leverage—despite the stock showing positive technical momentum and a neutral valuation profile.
Positive Factors
Operating profitability
Despite weakness, the company still generates positive operating margins (EBIT/EBITDA). That enduring ability to produce operating profit supports core project economics, contract fulfillment and incremental investment capacity when activity stabilizes.
Negative Factors
Negative operating and free cash flow
A sharp swing to large OCF and FCF outflows materially reduces financial flexibility, increases reliance on external funding and raises refinancing and liquidity risk. Persistent negative cash flow would impair project funding and limit capital allocation over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability
Despite weakness, the company still generates positive operating margins (EBIT/EBITDA). That enduring ability to produce operating profit supports core project economics, contract fulfillment and incremental investment capacity when activity stabilizes.
Read all positive factors
Shanxi Installation Group Co., Ltd. Class H (2520) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.19B
Dividend Yield0.99%
Average Volume (3M)104.53K
Price to Earnings (P/E)17.2
Beta (1Y)0.14
Revenue Growth-16.48%
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. Volume65,600
30 Day Avg. Volume104,533
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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.22B | 12.24B | 10.97B | 12.84B | 13.28B |
| Gross Profit | 1.13B | 1.52B | 1.40B | 1.84B | 1.75B |
| EBITDA | 395.62M | 439.61M | 448.28M | 707.30M | 706.75M |
| Net Income | 134.85M | 209.53M | 205.56M | 150.88M | 124.83M |
Balance Sheet | |||||
| Total Assets | 26.03B | 24.12B | 23.52B | 21.45B | 17.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 2.20B | 2.10B | 1.38B | 1.04B |
| Total Debt | 10.03B | 8.17B | 7.50B | 5.47B | 4.70B |
| Total Liabilities | 22.54B | 20.78B | 20.40B | 19.21B | 15.56B |
| Stockholders Equity | 2.90B | 2.76B | 2.61B | 1.81B | 1.68B |
Cash Flow | |||||
| Free Cash Flow | -1.78B | 316.60M | -256.90M | -291.02M | -662.35M |
| Operating Cash Flow | -1.73B | 385.47M | 511.56M | 45.24M | 67.52M |
| Investing Cash Flow | -115.85M | -87.09M | -750.76M | -445.30M | -659.42M |
| Financing Cash Flow | 1.21B | -187.71M | 948.48M | 740.37M | 817.67M |
Shanxi Installation Group Co., Ltd. Class H Technical Analysis
Positive
2.28
Price Trends
2.25
Positive
2.10
Positive
2.10
Positive
Market Momentum
0.02
Negative
71.54
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2520, the sentiment is Positive. The current price of 2.28 is above the 20-day moving average (MA) of 2.23, above the 50-day MA of 2.25, and above the 200-day MA of 2.10, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.54 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.73B | 3.77 | 15.72% | 12.14% | -12.79% | -0.62% | |
67 Neutral | HK$45.45B | 5.23 | 10.83% | 7.37% | -14.20% | -12.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | HK$1.98B | 19.19 | 3.16% | 0.51% | -14.03% | -62.71% | |
51 Neutral | HK$1.52B | 17.12 | 0.59% | 3.27% | 8.21% | -57.24% | |
48 Neutral | HK$3.19B | 17.18 | 6.95% | 0.99% | -16.48% | 8.50% | |
44 Neutral | HK$54.19B | 20.18 | 4.63% | 3.39% | 2.43% | -36.44% |
* General Sector Average
HK:2520
Shanxi Installation Group Co., Ltd. Class H
2.37
0.21
9.93%
HK:0240
Build King Holdings
1.40
0.13
10.63%
HK:3311
China State Construction International Holdings
8.48
-1.45
-14.58%
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.06
-0.11
-9.83%
HK:2355
Baoye Group Co., Ltd. Class H
3.00
-1.08
-26.47%
HK:2236
Wison Engineering Services Co., Ltd.
0.50
-0.01
-1.96%
Shanxi Installation Group Co., Ltd. Class H Corporate Events
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 ...
Shanxi Installation Group Shareholders Unanimously Back 2025 Results and 2026 Financing Plan
Jun 26, 2026
Shanxi Installation Group Co., Ltd., a Hong Kong-listed PRC industrial installation and construction company with both domestic and H shares, operates through a governance framework that includes executive, non-executive and independent directors....
Shanxi Installation Group Updates Final Dividend and Tax Arrangements for 2025
Jun 26, 2026
Shanxi Installation Group Co., Ltd. has declared a final ordinary cash dividend of RMB 0.2038 per 10 shares for the financial year ended 31 December 2025, with Hong Kong shareholders to receive HKD 0.2343 per 10 shares based on an exchange rate of...
Shanxi Installation Group Wins RMB2.21 Billion in New Energy Storage Contracts
Jun 24, 2026
Shanxi Installation Group Co., Ltd. has recently secured multiple major contracts for energy storage and power optimisation projects in China, spanning independent energy storage stations, hybrid storage facilities, and a frequency regulation retr...
Shanxi Installation Group Completes RMB350 Million Second-Tranche Bond Offering
Jun 24, 2026
Shanxi Installation Group has completed the second tranche of its 2026 public corporate bond offering to professional investors in China, issuing RMB350 million of bonds with a par value of RMB100 and a coupon rate of 2.37%. Interest on the bonds ...
Shanxi Installation Group Revamps Use of IPO Proceeds Amid Policy Shifts
Jun 4, 2026
Shanxi Installation Group has proposed a further reallocation of the remaining HK$326.9 million in net proceeds from its 2023 global offering, after having already used HK$411.6 million of the HK$738.5 million raised. The board cites changes in bu...
Shanxi Installation Group Calls 2025 AGM to Seek Wider Financing Mandates
Jun 4, 2026
Shanxi Installation Group Co., Ltd. has convened its 2025 annual general meeting for June 26, 2026 in Shanxi Province to seek shareholder approval on its 2025 annual report, board work report, profit distribution proposal, director remuneration an...
Shanxi Installation Group Updates Final 2025 Dividend Schedule and Tax Details
Jun 4, 2026
Shanxi Installation Group Co., Ltd. has updated its final dividend arrangements for the financial year ended 31 December 2025, confirming a payout of RMB 0.2038 per 10 shares, with the Hong Kong dollar equivalent and exchange rate to be announced....
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.