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China Energy Engineering Corp. Ltd. Class H
(3996)
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Rating:44Neutral
Price Target:
HK$1.00
▼(-6.54% Downside)
Action:Reiterated
Date:09/06/26
The score is mainly held down by weak financial quality—especially persistently negative free cash flow alongside high and rising leverage—while technicals also show a generally bearish trend. Valuation provides only partial support via a moderate dividend yield, with the P/E not low enough to offset the cash-flow and balance-sheet risks.
Positive Factors
Integrated energy infrastructure platform
The company covers multiple stages of energy and infrastructure projects, from design through construction and delivery. This integrated model can support larger contract opportunities, improve coordination across project phases, and create recurring relevance as power-generation and grid investment continues.
Negative Factors
Persistently negative free cash flow
Persistent negative free cash flow indicates that reported earnings are not translating into internally generated cash. The resulting funding requirement can restrict investment flexibility, increase reliance on external financing, and make the business more vulnerable when project collections or working capital weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated energy infrastructure platform
The company covers multiple stages of energy and infrastructure projects, from design through construction and delivery. This integrated model can support larger contract opportunities, improve coordination across project phases, and create recurring relevance as power-generation and grid investment continues.
Read all positive factors
China Energy Engineering Corp. Ltd. Class H (3996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$53.29B
Dividend Yield3.46%
Average Volume (3M)15.95M
Price to Earnings (P/E)19.9
Beta (1Y)0.96
Revenue Growth2.43%
EPS Growth-36.44%
CountryHK
Employees114,643
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.12
Shares Outstanding9,262,437,000
10 Day Avg. Volume15,795,158
30 Day Avg. Volume15,950,990
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.36
Price to Sales (P/S)0.09
P/FCF Ratio-1.39
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)0.14
Revenue Forecast (FY)HK$476.60B
China Energy Engineering Corp. Ltd. Class H Business Overview & Revenue Model
Company Description
China Energy Engineering Corporation Limited (CEEC) delivers comprehensive solutions and expertise across the energy, power, and infrastructure sectors, serving clients both within the People's Republic of China and globally. Its extensive operati...
How the Company Makes Money
The company primarily makes money by delivering energy and infrastructure projects under contract. Its key revenue streams generally include: (1) Engineering services and consulting: fees earned for project planning, feasibility studies, surveys, ...
China Energy Engineering Corp. Ltd. Class H Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
38
Negative
Cash Flow
19
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 445.43B | 440.59B | 436.71B | 406.03B | 366.39B | 322.32B |
| Gross Profit | 53.09B | 51.59B | 53.90B | 51.31B | 45.50B | 42.41B |
| EBITDA | 26.89B | 28.03B | 27.15B | 26.89B | 25.07B | 21.07B |
| Net Income | 5.26B | 5.69B | 8.40B | 7.99B | 7.82B | 6.50B |
Balance Sheet | ||||||
| Total Assets | 976.75B | 942.22B | 869.00B | 783.16B | 664.35B | 528.86B |
| Cash, Cash Equivalents and Short-Term Investments | 87.01B | 94.42B | 91.58B | 77.71B | 78.39B | 61.49B |
| Total Debt | 378.00B | 359.17B | 290.34B | 244.19B | 192.97B | 124.10B |
| Total Liabilities | 767.19B | 740.18B | 663.18B | 594.90B | 496.86B | 379.13B |
| Stockholders Equity | 118.32B | 111.53B | 116.01B | 110.46B | 101.89B | 94.20B |
Cash Flow | ||||||
| Free Cash Flow | -33.28B | -28.58B | -34.49B | -21.64B | -12.05B | -5.20B |
| Operating Cash Flow | 2.75B | 12.03B | 11.03B | 9.49B | 7.93B | 8.84B |
| Investing Cash Flow | -20.91B | -32.10B | -50.34B | -41.53B | -49.03B | -18.65B |
| Financing Cash Flow | 18.69B | 21.05B | 53.36B | 36.05B | 52.32B | 12.32B |
China Energy Engineering Corp. Ltd. Class H Technical Analysis
Negative
1.07
Price Trends
1.07
Negative
1.14
Negative
1.15
Negative
Market Momentum
-0.01
Negative
41.08
Neutral
67.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3996, the sentiment is Negative. The current price of 1.07 is above the 20-day moving average (MA) of 1.05, below the 50-day MA of 1.07, and below the 200-day MA of 1.15, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 41.08 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3996.
China Energy Engineering Corp. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$24.26B | 13.32 | 4.87% | 6.83% | 14.07% | -35.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$814.90M | 5.49 | 6.94% | 1.48% | ― | ― | |
54 Neutral | HK$118.30B | 5.56 | 5.93% | 5.67% | -3.54% | -19.21% | |
50 Neutral | HK$97.38B | 7.83 | 4.28% | 6.20% | -5.33% | -38.33% | |
44 Neutral | HK$53.29B | 19.86 | 4.63% | 3.46% | 2.43% | -36.44% | |
42 Neutral | HK$58.03B | 101.17 | 0.42% | 4.37% | -17.13% | -88.69% |
* Industrials Sector Average
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.04
-0.13
-10.85%
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3.51
-1.37
-28.12%
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-0.32
-8.69%
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1.41
-0.91
-39.44%
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0.44
-0.04
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-18.82%
China Energy Engineering Corp. Ltd. Class H Corporate Events
China Energy Engineering Renews Connected Transaction Frameworks With Controlling Shareholder
Aug 30, 2026
China Energy Engineering Corporation Limited has renewed a series of continuing connected transaction framework agreements with its controlling shareholder, Energy Group, and its subsidiaries, covering financial services, financial leasing, privat...
China Energy Engineering Releases Reviewed 2026 Interim Results
Aug 30, 2026
China Energy Engineering Corporation Limited has released its unaudited interim results for the six months ended 30 June 2026, prepared under China Accounting Standards for Business Enterprises. The interim report has been reviewed and confirmed b...
China Energy Engineering Sets Date to Approve Interim 2026 Results
Aug 18, 2026
China Energy Engineering Corporation Limited, a major PRC-based engineering and construction group in the power and broader energy infrastructure sectors, operates through numerous subsidiaries and is listed in Hong Kong. The company’s board...
China Energy Engineering Q2 2026 Contract Value Falls as Consulting and Manufacturing Edge Up
Jul 27, 2026
China Energy Engineering Corporation Limited reported major operating data for the second quarter of 2026, highlighting a broad portfolio across construction and contracting, survey, design and consulting, industrial manufacturing and other ancill...
China Energy Engineering Sets Final 2025 Dividend and Clarifies H-Share Tax Treatment
Jun 26, 2026
China Energy Engineering Corporation Limited has declared a final ordinary cash dividend of RMB 0.312 per 10 shares for the financial year ended 31 December 2025, with shareholders approving the payout on 26 June 2026. The dividend for H-share inv...
China Energy Engineering Wins Strong Shareholder Backing for Dividend and Governance Changes
Jun 26, 2026
China Energy Engineering Corporation Limited held its 2025 annual general meeting on 26 June 2026 in Beijing, confirming broad shareholder participation across its A-share and H-share bases. The company, with over 44.24 billion issued shares and n...
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.