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CIG Shanghai Co., Ltd. Class H
(6166)
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Rating:54Neutral
Price Target:
HK$107.00
▲(6.47% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by deeply negative recent operating and free cash flow, which raises funding and earnings-quality risk despite improved profitability. Technicals are moderately supportive with the price above key moving averages and neutral-to-positive momentum, but valuation is a major headwind due to the very high P/E.
Positive Factors
Improving Revenue and Profitability
The latest results show improved operating scale and earnings, with stronger revenue, gross profit and net income. If maintained, this provides a better base for reinvestment and resilience, although the growth rate remains moderate.
Negative Factors
Deeply Negative Cash Generation
Reported profitability is not converting into cash, creating a material earnings-quality and funding risk. Persistent operating and free-cash-flow deficits could require working-capital financing or asset investment funding, reducing flexibility despite low leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Profitability
The latest results show improved operating scale and earnings, with stronger revenue, gross profit and net income. If maintained, this provides a better base for reinvestment and resilience, although the growth rate remains moderate.
Read all positive factors
CIG Shanghai Co., Ltd. Class H (6166) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$60.66B
Dividend Yield0.33%
Average Volume (3M)11.73M
Price to Earnings (P/E)90.8
Beta (1Y)-0.64
Revenue Growth44.84%
EPS GrowthN/A
CountryHK
Employees1,354
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.91
Shares Outstanding92,662,000
10 Day Avg. Volume8,617,219
30 Day Avg. Volume11,732,751
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.16
Price to Sales (P/S)4.88
P/FCF Ratio-16.48
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)6.21
Revenue Forecast (FY)HK$12.41B
CIG Shanghai Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Established in Shanghai, China, in 2005, CIG Shanghai Co., Ltd. is a technology firm dedicated to the research, development, manufacturing, and worldwide distribution of sophisticated solutions in edge computing, industrial connectivity, and high-...
CIG Shanghai Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.51B | 4.82B | 3.65B | 3.09B | 3.79B | 2.92B |
| Gross Profit | 1.44B | 1.08B | 766.39M | 667.26M | 706.22M | 577.45M |
| EBITDA | 769.25M | 541.63M | 499.99M | 437.89M | 519.84M | 392.77M |
| Net Income | 469.40M | 263.49M | 166.68M | 95.02M | 171.47M | 67.26M |
Balance Sheet | ||||||
| Total Assets | 13.64B | 11.91B | 5.19B | 4.74B | 5.23B | 3.85B |
| Cash, Cash Equivalents and Short-Term Investments | 3.45B | 4.79B | 527.34M | 437.98M | 390.21M | 245.31M |
| Total Debt | 1.62B | 2.05B | 1.22B | 1.26B | 950.01M | 835.64M |
| Total Liabilities | 4.17B | 4.35B | 2.73B | 2.45B | 3.31B | 2.11B |
| Stockholders Equity | 9.36B | 7.45B | 2.31B | 2.14B | 1.93B | 1.74B |
Cash Flow | ||||||
| Free Cash Flow | -2.72B | -1.43B | 255.39M | -60.22M | -123.46M | -155.26M |
| Operating Cash Flow | -1.40B | -470.65M | 561.97M | 142.94M | 56.25M | -61.95M |
| Investing Cash Flow | -1.57B | -1.08B | -293.95M | -204.54M | -193.64M | 14.25M |
| Financing Cash Flow | 6.07B | 5.89B | -200.73M | 93.08M | 231.77M | 60.68M |
CIG Shanghai Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$48.85B | 16.69 | 10.42% | 0.81% | 15.86% | 24.46% | |
65 Neutral | HK$12.72B | 12.08 | 21.16% | 8.26% | -6.75% | -14.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | HK$60.66B | 90.76 | 6.98% | 0.33% | 44.84% | ― | |
52 Neutral | HK$2.28B | 81.11 | 0.86% | 0.36% | 4.27% | ― | |
48 Neutral | HK$12.23B | 29.51 | 3.67% | 1.64% | 17.28% | 223.90% | |
45 Neutral | HK$173.20B | 48.13 | 4.35% | 2.02% | 11.81% | -55.08% |
* General Sector Average
HK:6166
CIG Shanghai Co., Ltd. Class H
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4.67
5.08%
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CIG Shanghai Co., Ltd. Class H Corporate Events
CIG Shanghai Unveils 2026 Interim Results and Dividend Plan
Aug 24, 2026
CIG Shanghai Co., Ltd., a Hong Kong-listed joint stock company with both A and H shares, has released its unaudited consolidated interim results for the six months ended June 30, 2026. The interim report has been reviewed by the board and its audi...
CIG Shanghai Declares Interim Dividend for First Half of 2026
Aug 24, 2026
CIG Shanghai Co., Ltd. has declared an interim ordinary cash dividend of RMB 0.09 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The payment date is set for 23 October 2026, with key Hong Kong shar...
CIG Shanghai Grants 2.29 Million H Share Incentives Tied to Performance
Aug 24, 2026
CIG Shanghai Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong as an H share issuer, is further integrating equity incentives into its remuneration structure. The group employs share-based awards for directors and employees to ...
CIG Shanghai Sets 2026 Interim Cash Dividend at RMB0.09 Per Share
Aug 24, 2026
CIG Shanghai Co., Ltd. has approved a 2026 Interim Profit Distribution Plan at its board and audit committee meetings on August 24, 2026, proposing a cash dividend of RMB0.09 per share for the first half of 2026, payable no later than October 23, ...
CIG Shanghai Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 12, 2026
CIG Shanghai Co., Ltd. has scheduled a board meeting for August 24, 2026, to review and approve the interim results for the six months ended June 30, 2026, and to authorize their publication. The Board will also consider whether to recommend an in...
CIG Shanghai forms RMB800 million optoelectronic industry fund partnership
Jul 24, 2026
CIG Shanghai Co., Ltd. has entered into an agreement with Shanghai Zhifengzhizi to establish Jiaxing Hujiang Optoelectronic Industry Fund Partnership, a limited partnership focused on equity investment, investment management and asset management v...
CIG Shanghai Forecasts Profit Surge on High-Speed Optical Module Demand
Jul 14, 2026
CIG Shanghai Co., Ltd. expects a sharp improvement in profitability for the first half of 2026, with estimated net profit attributable to shareholders rising between 156.65% and 197.18% year on year. Profit after excluding non-recurring items is p...
CIG Shanghai Adjusts Initial Grant Under A Share Incentive Scheme After Option Waiver
Jun 22, 2026
CIG Shanghai Co., Ltd. has updated details of the initial grant of share options under its A Share Incentive Scheme, confirming completion of equity interest registration on June 18, 2026 with 3,998,050 options registered. The adjustment follows o...
CIG Shanghai Scales Back A-Share Option Incentive While Launching Initial Grant
Jun 11, 2026
CIG Shanghai Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, operates with a broad base of directors, senior management and more than a thousand core management and technical staff supporting its A-share business. It uses eq...
CIG Shanghai Raises HK$1.97 Billion in H-Share Placing to Secure Critical Optical Components
Jun 4, 2026
CIG Shanghai has completed a placing of 15.6 million new H shares, representing about 16.84% of its enlarged H-share capital, at HK$126.66 per share to at least six independent investors, with none becoming a substantial shareholder. The transacti...
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.