Horizon Construction Development Lifts Overseas Revenue as Q1 Loss Narrows

Horizon Construction Development Limited ( (HK:9930) ) just unveiled an announcement.

Horizon Construction Development reported that in the first quarter of 2026 it kept its domestic operations stable while pushing ahead with overseas expansion, with utilization of key equipment such as aerial work platforms reaching about 78%. Total revenue fell roughly 5% year on year due to tighter control of domestic business scale and pricing, but overseas revenue jumped more than 70% and now contributes over a quarter of group turnover.

The company recorded a customary seasonal loss attributable to shareholders around the Chinese New Year period, though the deficit narrowed compared with a year earlier, reflecting improved operating efficiency. Management maintained generally stable operating cash flow with a net inflow and reduced capital expenditure to about RMB560 million, aiming to bolster free cash flow and preserve a healthy balance sheet while enhancing performance in both domestic and international markets.

The most recent analyst rating on (HK:9930) stock is a Buy with a HK$1.80 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.

More about Horizon Construction Development Limited

Horizon Construction Development Limited is a Hong Kong-listed equipment and construction services provider incorporated in the Cayman Islands, operating through a network of 559 service outlets across mainland China, Hong Kong and overseas markets. The group focuses on equipment such as aerial work platforms and is pursuing a global expansion strategy, recently adding outlets in Africa and Central Asia as part of its “Three + Three + Three” internationalization plan.

Average Trading Volume: 270,708

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.81B

Learn more about 9930 stock on TipRanks’ Stock Analysis page.