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Dongyue Group Limited
(0189)
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Rating:70Outperform
Price Target:
HK$15.00
▲(38.12% Upside)
Action:Reiterated
Date:07/11/26
The score is primarily supported by strong financial resilience (very low leverage) and a meaningful 2025 profitability/cash-flow rebound. These positives are tempered by weak technical signals (price below key moving averages and soft momentum) and only moderate valuation support (P/E ~12.3, dividend yield ~2.18%).
Positive Factors
Balance Sheet Strength
Extremely low leverage provides durable financial flexibility and meaningful downside protection versus peers. This structural balance-sheet strength supports sustained capex, opportunistic M&A, and shareholder distributions without heavy refinancing risk, helping the company weather industry cycles and fund strategic investments over the medium term.
Negative Factors
Weak Revenue Trend
Persistent flat-to-declining top-line limits the company’s ability to scale operating leverage and sustainably grow earnings. Over multiple quarters this constrains capital return potential and forces reliance on margin improvements or cost cuts to drive EPS, reducing strategic optionality and making long-term growth forecasts more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage provides durable financial flexibility and meaningful downside protection versus peers. This structural balance-sheet strength supports sustained capex, opportunistic M&A, and shareholder distributions without heavy refinancing risk, helping the company weather industry cycles and fund strategic investments over the medium term.
Read all positive factors
Dongyue Group Limited (0189) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$22.84B
Dividend Yield0.98%
Average Volume (3M)14.24M
Price to Earnings (P/E)12.3
Beta (1Y)0.86
Revenue Growth1.21%
EPS Growth108.04%
CountryHK
Employees6,377
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.98
Shares Outstanding1,732,711,700
10 Day Avg. Volume20,413,382
30 Day Avg. Volume14,237,343
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.13
Price to Sales (P/S)1.13
P/FCF Ratio7.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$19.86Price Target Upside82.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.42
Revenue Forecast (FY)HK$16.30B
Dongyue Group Limited Business Overview & Revenue Model
Company Description
Dongyue Group Limited functions as an investment holding company, primarily engaged in the production, distribution, and sale of a diverse range of chemical substances. Operating predominantly within the People's Republic of China, its core produc...
How the Company Makes Money
Dongyue Group primarily makes money by manufacturing chemicals and materials and selling them to downstream industrial customers. Its key revenue streams typically include: (1) Fluoropolymer products: sales of fluoropolymer resins and related mate...
Dongyue Group Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.36B | 14.18B | 14.49B | 20.03B | 15.84B |
| Gross Profit | 4.42B | 3.07B | 2.44B | 6.51B | 5.22B |
| EBITDA | 3.59B | 2.37B | 1.87B | 4.62B | 3.81B |
| Net Income | 1.64B | 810.80M | 707.79M | 3.86B | 2.07B |
Balance Sheet | |||||
| Total Assets | 23.57B | 20.94B | 21.95B | 24.64B | 21.60B |
| Cash, Cash Equivalents and Short-Term Investments | 5.02B | 2.75B | 3.13B | 5.45B | 5.25B |
| Total Debt | 33.81M | 26.44M | 32.05M | 43.63M | 664.26M |
| Total Liabilities | 3.40B | 3.47B | 5.01B | 6.15B | 5.96B |
| Stockholders Equity | 14.38B | 12.11B | 14.79B | 16.08B | 13.12B |
Cash Flow | |||||
| Free Cash Flow | 2.04B | 278.14M | -536.56M | 1.24B | -43.38M |
| Operating Cash Flow | 3.71B | 2.07B | 1.38B | 5.08B | 3.91B |
| Investing Cash Flow | -1.56B | -1.50B | -2.63B | -2.91B | -4.09B |
| Financing Cash Flow | 385.76M | -648.37M | -1.51B | -1.96B | 999.52M |
Dongyue Group Limited Technical Analysis
Negative
10.86
Price Trends
15.90
Negative
13.99
Negative
12.46
Positive
Market Momentum
-0.81
Positive
34.31
Neutral
9.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0189, the sentiment is Negative. The current price of 10.86 is below the 20-day moving average (MA) of 18.21, below the 50-day MA of 15.90, and below the 200-day MA of 12.46, indicating a neutral trend. The MACD of -0.81 indicates Positive momentum. The RSI at 34.31 is Neutral, neither overbought nor oversold. The STOCH value of 9.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0189.
Dongyue Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$22.84B | 12.26 | 12.00% | 0.98% | 1.21% | 108.04% | |
66 Neutral | HK$894.16M | 5.41 | 7.42% | 2.20% | -7.41% | 65.65% | |
62 Neutral | HK$931.12M | 13.57 | 2.57% | 3.52% | 1.20% | -7.22% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | HK$3.68B | 7.32 | 7.74% | ― | -5.68% | -25.13% | |
47 Neutral | HK$9.50B | -21.35 | -11.55% | ― | 77.67% | -259.39% | |
40 Underperform | HK$8.73B | 124.23 | 0.46% | 1.16% | -17.38% | 224.44% |
* Basic Materials Sector Average
HK:0189
Dongyue Group Limited
13.35
3.05
29.56%
HK:1907
China Risun Group Ltd.
1.88
-0.66
-25.84%
HK:0609
Tiande Chemical Holdings Limited
1.06
-0.08
-7.02%
HK:1702
Dongguang Chemical Ltd.
1.44
-0.23
-13.51%
HK:2198
China Sanjiang Fine Chemicals Co., Ltd.
3.08
1.29
72.45%
HK:6616
Global New Material International Holdings Limited
7.34
1.70
30.14%
Dongyue Group Limited Corporate Events
Dongyue Group flags over 31% jump in first-half profit on higher product prices
Jul 9, 2026
Dongyue Group Limited has alerted investors that it expects a strong interim performance for the six months ended 30 June 2026, projecting that net profit attributable to shareholders will rise by more than 31 percent from a year earlier. The impr...
Dongyue Subsidiary Flags Near-Tenfold Surge in Half-Year Profit
Jul 3, 2026
Dongyue Group has disclosed that its subsidiary Shandong Dongyue Organosilicone Materials expects a sharp rebound in interim profitability for the half-year ended 30 June 2026. The unit is forecasting net profit attributable to shareholders of abo...
Dongyue Group Sets August Board Meeting for Interim Results and Dividend Plan
Jul 3, 2026
Dongyue Group Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, is governed by a board that includes both executive and independent non-executive directors. The company’s chairman, Zhang Jianhong, leads ...
Dongyue Says Future Materials Pulls STAR Market Listing Plan With No Expected Impact
Jun 30, 2026
Dongyue Group Limited has disclosed that Future Materials, its associated company engaged in fluorinated proton exchange membranes and related products, has withdrawn its application for an initial public offering and listing on the STAR Market of...
Dongyue Shareholders Approve All AGM Resolutions and HK$0.30 Final Dividend
Jun 4, 2026
Dongyue Group Limited’s shareholders approved all resolutions at the 4 June 2026 annual general meeting, including adoption of the 2025 audited accounts, re-election of three directors, authorization for the board to fix directors’ and...
Dongyue Group Sets 2026 AGM to Approve Dividend and Share-Issue Mandate
Apr 23, 2026
Dongyue Group Limited has called its annual general meeting for 4 June 2026 in Hong Kong, where shareholders will vote on routine governance matters including adoption of the 2025 audited financial statements, re-election of two executive director...
Dongyue Group Discloses Unaudited Q1 2026 Results of Organosilicon Subsidiary
Apr 22, 2026
Dongyue Group Limited has disclosed key unaudited first-quarter 2026 financial figures for its Shenzhen-listed subsidiary Shandong Dongyue Organosilicon Materials. The unit reported total assets of RMB 6.27 billion, owners’ equity of RMB 5.1...
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.