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China State Construction International Holdings
(3311)
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Rating:67Neutral
Price Target:
HK$9.00
â–²(6.38% Upside)
Action:Reiterated
Date:08/06/26
The score is anchored by attractive valuation (low P/E and high dividend yield) and supportive near-term technical momentum. These positives are meaningfully offset by financial risks—most notably inconsistent and frequently negative cash flow and elevated leverage—which increase cyclicality and cash-conversion uncertainty.
Positive Factors
Consistent profitability
Reported income-statement metrics show sustained operating profitability across cycles, implying the business generates recurring earnings from project execution. That durability supports reinvestment, creditor confidence and dividend capacity over a multi-quarter horizon, even if growth fluctuates.
Negative Factors
Volatile cash generation
Frequent negative operating cash flow and inconsistent free cash flow reflect working-capital swings inherent in contracting. This undermines cash conversion of earnings, raises refinancing and liquidity risk, constrains capex/dividend flexibility and persists as a structural weakness across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent profitability
Reported income-statement metrics show sustained operating profitability across cycles, implying the business generates recurring earnings from project execution. That durability supports reinvestment, creditor confidence and dividend capacity over a multi-quarter horizon, even if growth fluctuates.
Read all positive factors
China State Construction International Holdings (3311) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$44.16B
Dividend Yield7.34%
Average Volume (3M)8.14M
Price to Earnings (P/E)5.3
Beta (1Y)0.52
Revenue Growth-14.20%
EPS Growth-12.79%
CountryHK
Employees14,000
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.62
Shares Outstanding5,282,217,000
10 Day Avg. Volume12,089,233
30 Day Avg. Volume8,138,869
Financial Highlights & Ratios
PEG Ratio-1.19
Price to Book (P/B)0.61
Price to Sales (P/S)0.44
P/FCF Ratio-23.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.52Price Target Upside24.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.57
Revenue Forecast (FY)HK$97.50B
China State Construction International Holdings Business Overview & Revenue Model
Company Description
China State Construction International Holdings Limited, an investment holding company, engages in the construction business for private and public sectors in Hong Kong, Mainland China, Macau, and internationally. It invests in and constructs toll...
How the Company Makes Money
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China State Construction International Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.98B | 108.94B | 115.11B | 113.73B | 101.98B | 77.31B |
| Gross Profit | 17.45B | 17.32B | 17.85B | 16.32B | 14.00B | 11.96B |
| EBITDA | 15.28B | 15.41B | 15.76B | 15.22B | 12.76B | 11.33B |
| Net Income | 8.83B | 9.56B | 9.73B | 9.47B | 8.25B | 7.27B |
Balance Sheet | ||||||
| Total Assets | 340.05B | 312.64B | 271.60B | 249.27B | 228.85B | 219.28B |
| Cash, Cash Equivalents and Short-Term Investments | 44.13B | 34.03B | 31.81B | 28.92B | 24.35B | 24.48B |
| Total Debt | 113.13B | 103.15B | 87.57B | 81.12B | 82.55B | 81.93B |
| Total Liabilities | 251.08B | 230.62B | 195.18B | 185.01B | 168.85B | 160.86B |
| Stockholders Equity | 84.64B | 78.42B | 73.76B | 61.72B | 57.79B | 56.45B |
Cash Flow | ||||||
| Free Cash Flow | -915.90M | -2.05B | 855.94M | -64.43M | -2.39B | -3.30B |
| Operating Cash Flow | -197.51M | -994.86M | 2.01B | -2.17B | -2.03B | -2.61B |
| Investing Cash Flow | -1.10B | -1.30B | 1.14B | 455.22M | -193.46M | -5.54B |
| Financing Cash Flow | -1.94B | 4.18B | -349.09M | 7.94B | 2.72B | 9.65B |
China State Construction International Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$25.24B | 14.39 | 4.87% | 5.16% | 14.07% | -35.89% | |
67 Neutral | HK$44.16B | 5.25 | 10.83% | 7.34% | -14.20% | -12.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$36.62B | 14.95 | 6.37% | 7.41% | 1.83% | 3.31% | |
46 Neutral | HK$14.41B | 52.37 | 8.67% | 0.40% | 0.61% | 61.74% | |
44 Neutral | HK$53.33B | 20.02 | 4.63% | 3.44% | 2.43% | -36.44% | |
38 Underperform | HK$56.80B | 102.34 | 0.42% | 4.56% | -17.13% | -88.69% |
* Industrials Sector Average
HK:3311
China State Construction International Holdings
8.61
-1.39
-13.88%
HK:0659
NWS Holdings
8.03
1.47
22.41%
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1.06
-0.11
-9.13%
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Metallurgical Corporation of China Ltd. Class H
1.39
-0.81
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SINOPEC Engineering (Group) Co., Ltd. Class H
5.95
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-15.49%
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China Aluminum International Engineering Corporation Limited Class H
1.82
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-23.09%
China State Construction International Holdings Corporate Events
China State Construction International in Joint Bid for Mainland Land Plot
Jul 14, 2026
China State Construction International Holdings said its indirect wholly owned subsidiary Putian Haiyue has entered into a joint bidding agreement with China Construction Jiahe to participate in a public tender for a land plot in China. Putian Hai...
CSCI Subsidiary CSCD Signs Three-Year Connected Leasing Deal with COLI
Jun 23, 2026
China State Construction International Holdings, through its subsidiary CSCD, has entered into a three-year leasing framework agreement with China Overseas Land Investment under which CSCD Group may lease properties from COLI Group and its associ...
China State Construction International Wins Full Shareholder Backing at AGM
Jun 12, 2026
China State Construction International Holdings’ shareholders approved all resolutions at the annual general meeting held on 12 June 2026, confirming the audited financial statements for 2025 and authorising a final dividend of HK28.5 cents ...
China State Construction International Sets New Intragroup Finance Deal With CSCD Unit
May 22, 2026
China State Construction International Holdings announced that its subsidiary China State Construction Development has entered into a new financial services agreement with group-affiliated China State Construction Finance. Under the pact, effectiv...
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.