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Horizon Construction Development Limited (9930) AI Stock Analysis
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Horizon Construction Development Limited
(HKEX:9930)
Overall score reflects mixed fundamentals led by a sharp 2025 slowdown in revenue and profitability and elevated leverage, combined with a bearish longer-term technical trend (price below key moving averages and negative MACD). A moderate P/E and a ~2.29% dividend yield provide partial valuation support but do not fully offset the operational and trend-related risks.
Horizon Construction Development Limited (9930) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.84B
- Dividend Yield
- 2.78%
- Average Volume (3M)
- 318.35K
- Price to Earnings (P/E)
- 10.5
- Beta (1Y)
- 0.52
- Revenue Growth
- -15.72%
- EPS Growth
- -76.99%
- Country
- Hong Kong
- Employees
- 4,253
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Rental & Leasing Services
Horizon Construction Development Limited Business Overview & Revenue Model
Company Description
Horizon Construction Development Limited functions as an investment holding enterprise, delivering equipment operation solutions throughout the People's Republic of China. The company's offerings include rental services for a diverse range of machine...
Horizon Construction Development Limited Financial Statement Overview
Summary
Financials are mixed. 2025 showed a meaningful revenue contraction (~-15%) and sharp profitability compression (net margin ~1.6% and operating margin ~9% versus materially higher levels in 2023–2024). Leverage remains elevated (~1.85x debt-to-equity in 2025) and ROE weakened (~1.3%). Offsetting factors include a still-healthy gross margin (~26%) and consistently positive operating cash flow, though free cash flow has been volatile year-to-year.
Income Statement
46NeutralBalance Sheet
44NeutralCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.89B | 9.12B | 11.58B | 9.61B | 7.88B | 6.14B |
| Gross Profit | 2.61B | 2.40B | 3.77B | 3.76B | 3.13B | 2.85B |
| EBITDA | 3.88B | 4.02B | 4.65B | 4.50B | 4.09B | 3.21B |
| Net Income | 145.72M | 143.17M | 896.32M | 962.41M | 664.34M | 709.64M |
Balance Sheet | ||||||
| Total Assets | 35.80B | 36.38B | 36.43B | 31.24B | 30.29B | 26.96B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 2.67B | 1.78B | 2.17B | 2.16B | 657.04M |
| Total Debt | 20.55B | 20.95B | 21.57B | 18.07B | 21.44B | 18.03B |
| Total Liabilities | 24.74B | 25.05B | 24.98B | 20.46B | 23.62B | 20.95B |
| Stockholders Equity | 11.06B | 11.33B | 11.46B | 10.78B | 6.67B | 6.01B |
Cash Flow | ||||||
| Free Cash Flow | 1.51B | 2.02B | -3.32B | 1.52B | -1.01B | -8.30B |
| Operating Cash Flow | 3.63B | 4.24B | 4.20B | 3.95B | 2.82B | 2.45B |
| Investing Cash Flow | -1.88B | -2.12B | -6.76B | -1.83B | -3.46B | -10.47B |
| Financing Cash Flow | -1.66B | -1.26B | 2.14B | -2.11B | 2.29B | 8.37B |
Horizon Construction Development Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9930, the sentiment is Negative. The current price of 0.57 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.69, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 30.91 is Neutral, neither overbought nor oversold. The STOCH value of 10.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9930.
Horizon Construction Development Limited Peers Comparison
Overall Rating
- HK:993049Neutral
HK:093643Neutral
HK:134137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:9930 | 49Neutral | HKD 1.84B | 10.52 | 1.30% | 2.78% | -15.72% | -76.99% |
| HK:0936 | 43Neutral | HKD 259.70M | 51.04 | 12.53% | ― | -3.26% | ― |
| HK:1341 | 37Underperform | HKD 244.10M | -0.01 | -19.11% | ― | -37.24% | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9930 | Horizon Construction Development Limited | 0.57 | -0.54 | -48.48% | |
| HK:0936 | Kaisa Capital Investment Holdings Limited | 0.24 | -0.13 | -33.78% | |
| HK:1341 | Hao Tian International Construction Investment Group Limited | 0.02 | -0.18 | -89.27% |
Horizon Construction Development Limited Corporate Events
Horizon Construction Boosts Overseas Growth as Domestic Revenue Slides
Horizon Construction Development Limited reported that its aerial work platforms achieved an 85% utilization rate in the third quarter of 2026, but domestic market pressures on rental yields led to a roughly 9% year-on-year drop in total revenue over...
Horizon Construction Grants CEO Performance-Linked Restricted Shares in Connected Transaction
Horizon Construction Development Limited has granted 5.59 million restricted shares, representing about 0.17% of its issued share capital, to its executive director and chief executive officer, Zhan Jing, under its restricted share award scheme. The...
Horizon Construction Grants Performance-Linked Share Options to Staff
Horizon Construction Development Limited has approved the grant of up to 9,350,000 share options, representing about 0.29% of its issued share capital, to selected participants under its share option scheme adopted in June 2024. The options, priced a...
Horizon Construction Development Sets Formal Mandate for Nomination Committee
Horizon Construction Development Limited has formalized the terms of reference for its board-level Nomination Committee to strengthen corporate governance and align with Hong Kong Listing Rules. The committee is mandated to report to and be accountab...
Horizon Construction Development Formalizes Remuneration Committee Mandate
Horizon Construction Development Limited has formalized the terms of reference for its board Remuneration Committee to align with Hong Kong listing rules and strengthen its corporate governance framework. The committee, composed mainly of independent...
Horizon Construction Development Publishes Unaudited Interim Results for First Half of 2026
Horizon Construction Development Limited has released its unaudited interim results for the six months ended 30 June 2026, providing comparative figures for the same period in 2025. The announcement is presented as the full interim report, prepared i...
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.
Date of analysis: Aug 11, 2026