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Capital Environment Holdings Limited (3989) Stock Price & Analysis
3989 Stock Chart & Stats
- Day’s Range
- HKD 0.08 - HKD 0.08
- 52-Week Range
- HKD 0.07 - HKD 0.15
- Previous Close
- HKD 0.08
- Volume
- N/A
- Average Volume (3M)
- 2.24M
- Market Cap
- HKD 1.14B
- Enterprise Value
- HKD 11.69B
- Total Cash (Recent Filing)
- HKD 430.68M
- Total Debt (Recent Filing)
- HKD 11.02B
- Price to Earnings (P/E)
- 3.3
- Beta
- 0.23
- Next Earnings
- Mar 24, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jul 07, 2023
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Improving Profitability Margins
Improving gross and operating margins indicate better profitability per unit of revenue, with operating margin rising from about 20.5% to 25.0% and gross margin reaching 36.6%. If maintained, this can cushion modest volume pressure and support earnings resilience.
Integrated Environmental Infrastructure Platform
The company operates across development, investment, construction, and operation of environmental infrastructure, while providing municipal waste treatment and related utility services. This integrated scope gives it multiple roles across project lifecycles and anchors activity in municipal service needs.
Stable Capital Base
Total assets remained relatively stable at about 21.2B in 2025, while equity increased modestly from about 6.66B to 6.95B. A comparatively stable capital base can provide continuity for operating projects, even though leverage and returns remain constraints.
Bears Say
Multi-Year Revenue Decline
Revenue has declined for several consecutive years, including a 3.9% year-over-year fall in 2025 after smaller declines in prior years. A shrinking top line can limit operating leverage, reduce reinvestment capacity, and make margin improvements harder to sustain.
Weak Cash Conversion
Operating cash flow fell from about 298M in 2024 to negative 255M in 2025, while free cash flow reached negative 270M. Repeated negative or volatile cash generation means accounting profits have not reliably funded operations and may increase reliance on external funding.
Elevated Leverage And Low Returns
Debt-to-equity remained around 1.6x in 2023–2025, after exceeding 2.0x in 2020–2021, while 2025 ROE was only about 3.9%. Persistent leverage combined with low returns reduces financial flexibility and weakens the capital base's earnings productivity.
Capital Environment Holdings Limited News
Capital Environment invests RMB254 million in Xinxiang waste-to-energy steam project
Capital Environment Holdings Limited ( ($HK:3989) ) has issued an update. Capital Environment Holdings Limited plans to expand its waste-to-energy footprint via its wholly owned unit, Shenzhen Qianhai Capital Environment
Capital Environment Schedules Board Meeting to Approve 2026 Interim Results
Capital Environment Holdings Limited ( ($HK:3989) ) has shared an announcement. Capital Environment Holdings Limited, a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange, operates in the environmental
Capital Environment refreshes board with new executive and non-executive directors
Capital Environment Holdings Limited ( ($HK:3989) ) has shared an announcement. Capital Environment Holdings Limited has announced the retirement and resignation of non-executive director Hao Chunmei, effective 30 July 2026,
Capital Environment Reshapes Board and Committees to Bolster Governance
Capital Environment Holdings Limited ( ($HK:3989) ) just unveiled an announcement. Capital Environment Holdings Limited has updated its board composition, confirming a structure that includes executive, non-executive and independent non-executive
Capital Environment shareholders back all AGM resolutions, renew capital mandates
Capital Environment Holdings Limited ( ($HK:3989) ) just unveiled an announcement. Capital Environment Holdings Limited, a Cayman Islands–incorporated environmental services and waste management company listed in Hong Kong, provides waste
Capital Environment Posts Higher 2025 Profit on Stable Environmental Services Revenue
The latest update is out from Capital Environment Holdings Limited ( ($HK:3989) ). Capital Environment Holdings Limited reported audited consolidated revenue of RMB3.70 billion for the year ended 31 December
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Capital Environment Holdings Limited Stock Smart Score
Company Description
Capital Environment Holdings Limited
Capital Environment Holdings, an investment vehicle, primarily delivers environmental services, focusing on comprehensive waste management and transforming refuse into energy across mainland China and New Zealand. Their involvement in waste-to-energy initiatives spans the entire lifecycle, encompassing technological innovation, engineering, system integration, financial backing, advisory services, as well as the ongoing operation and upkeep of these facilities. Beyond this, the firm provides solutions for handling kitchen and hazardous waste, manages refuse collection and transport, offers sweeping and general waste management, and delivers technical support. Additionally, they undertake the recycling and dismantling of electronic waste. The company further engages in rehabilitating and operating landfill sites, alongside generating electricity through biomass incineration. Its active and pilot project portfolio includes 26 waste-to-energy plants, 7 landfill sites, 6 anaerobic digestion facilities, 17 waste logistics and transport ventures, 9 hazardous material processing units, 2 electronic appliance dismantling centers, and 2 biomass power plants. Established in 2004, the company was initially named New Environmental Energy Holdings Limited before adopting its current moniker, Capital Environment Holdings Limited, in May 2014. Its main office is situated in Central, Hong Kong.
- Sector
- Industrials
- Industry
- Waste Management
- CEO
- Chaoyang Guo
- Employees
- 3,251
- Website
- www.cehl.com.hk
- Address
- CN
Capital Environment Holdings Limited (3989) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 2 | 6 | 14 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 0 | 1 | 11 |
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| HK:0895Dongjiang Environmental Company | ||
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