CMIC Ocean En-Tech Holding Co (0206) AI Stock Analysis

• Market Cap: HK$1.87B
• Dividend Yield: 3.77%
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): 33.5
• Beta (1Y): 0.52
• Revenue Growth: -8.93%
• EPS Growth: -25.43%
• Country: HK
• Employees: 313
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): <0.01
• Shares Outstanding: 3,243,433,800
• 10 Day Avg. Volume: 974,000
• 30 Day Avg. Volume: 1,220,984
• PEG Ratio: -2.83
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.52
• P/FCF Ratio: 11.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: HK$0.66 ▲(153.85% Upside)

The score is driven primarily by moderate financial performance: balance sheet strength is offset by inconsistent revenue/profitability and notably weak recent operating/free cash flow. Technicals are supportive due to strong trend and positive MACD, but extremely overbought momentum raises pullback risk. Valuation is a headwind given the higher P/E and only modest dividend yield.

Positive Factors

Balance Sheet Strength

A healthy equity ratio and low debt-to-equity provide durable financial flexibility. Over a 2-6 month horizon this reduces refinancing and solvency risk, allowing management to fund operations or opportunistic investments during cyclical industry swings without immediate external financing.

Stable Gross Margin / Cost Management

Consistent gross margins indicate structural control over cost of goods sold and operating levers. This durability helps protect profitability through demand cycles, supports margins even if top-line pressure persists, and preserves operating leverage for long-term resilience.

Moderate Operational Efficiency

Sustainable, moderate EBIT/EBITDA margins reflect competent operations and scope for incremental margin improvement. Over months, this stability supports cash generation potential and operational predictability, aiding planning for capex and working capital needs even amid industry volatility.

Negative Factors

Weak Recent Cash Flow Generation

Zero operating and free cash flows in recent periods signal strained cash conversion and limit internal funding for capex, debt service, or dividends. This weakens financial flexibility and raises reliance on external financing, increasing long-term execution risk if cash trends persist.

Inconsistent and Declining Revenue

Continued revenue declines and inconsistency undermine scale advantages and make fixed-cost absorption harder. Over a multi-month horizon, this can compress margins, reduce bargaining power with suppliers and customers, and hinder reinvestment needed to regain market momentum.

Earnings Volatility / EPS Decline

A sharp decline in EPS reflects volatile net income and weak profit conversion. Persisting earnings erosion reduces retained earnings available for growth, risks tightening credit access, and may limit the firm's ability to execute strategic initiatives that require sustained internal profitability.

CMIC Ocean En-Tech Holding Co Business Overview & Revenue Model

Company Description

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs worldwide. It operates through three segments: Capital Equipment and Packages, Oilfield Expendables and Supplies, and Management and Engineering Services. The company engages in asset investment and operation management of offshore engineering platforms; and offers specific equipment products, which include cranes, machine rack pipes, jacking systems, power control and transmission systems, tension adjustment and compensation devices and systems, etc. It also provides drilling rigs maintenance, repair, and operation products and services comprising oilfield expendables, accessories and parts manufacturing, and sale and repair services; and provides management and engineering services. In addition, the company offers rig turnkey solutions; trades in rig equipment and oilfield expendables, as well as manufactures and trades in rig electrical control systems; designs and manufactures mechanical handling equipment; and sub-leases drilling rigs. Further, it is involved in the research and development and sale of offshore wind power related equipment. The company was formerly known as TSC Group Holdings Limited and changed its name to CMIC Ocean En-Tech Holding Co., Ltd. in February 2019. CMIC Ocean En-Tech Holding Co., Ltd. was founded in 1995 and is headquartered in Kwai Chung, Hong Kong.

How the Company Makes Money

CMIC Ocean En-Tech generates revenue primarily through its engineering and technology service contracts, which include project management and consultancy fees for marine and environmental projects. The company also earns income from the sale of proprietary technology and software solutions that improve operational efficiency in marine environments. Significant partnerships with government agencies, private sector companies, and international organizations further enhance its revenue potential by providing access to larger projects and funding opportunities. Additionally, the company may benefit from ongoing maintenance contracts and recurring revenue from long-term service agreements with clients in key industries.

CMIC Ocean En-Tech Holding Co Financial Statement Overview

Summary

Moderate financial health: a solid balance sheet with low leverage supports stability, but income statement performance is mixed with inconsistent revenue growth and fluctuating profitability. Cash flow is the main drag due to recent zero operating and free cash flows, indicating weaker and volatile cash generation.

Income Statement

The company shows a mixed performance in its income statement. The gross profit margin is stable, reflecting consistent cost management. However, the net profit margin has experienced fluctuations, indicating variable profitability. Revenue growth is inconsistent, facing declines in recent periods, which could be a concern for sustainable growth. EBIT and EBITDA margins are moderate, suggesting average operational efficiency.

Balance Sheet

The balance sheet indicates strong equity financing, with a healthy equity ratio. The debt-to-equity ratio is low, which suggests prudent leverage management. Return on equity has shown variability due to fluctuating net income, but the overall financial stability seems solid with adequate asset management.

Cash Flow

Cash flow analysis reveals challenges, with recent periods showing zero operating and free cash flows, indicating potential cash management issues. Historically, free cash flow has been positive, but inconsistent, suggesting volatility in cash generation. The operating cash flow to net income ratio is unavailable for the latest period, complicating analysis of cash earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	151.80M	166.77M	181.34M	113.04M	57.03M	65.88M
Gross Profit	39.46M	41.48M	41.00M	27.75M	20.66M	11.62M
EBITDA	26.75M	17.12M	30.41M	7.99M	3.99M	-18.27M
Net Income	7.10M	9.16M	9.50M	25.88M	9.22M	10.92M
Balance Sheet
Total Assets	300.16M	310.37M	326.30M	278.67M	229.90M	229.93M
Cash, Cash Equivalents and Short-Term Investments	90.56M	84.10M	73.37M	24.91M	33.51M	22.42M
Total Debt	40.11M	48.98M	51.84M	16.19M	20.70M	24.61M
Total Liabilities	117.87M	131.12M	150.48M	109.65M	81.32M	94.65M
Stockholders Equity	181.17M	178.19M	175.04M	169.17M	148.71M	135.61M
Cash Flow
Free Cash Flow	38.35M	7.30M	54.44M	14.62M	7.34M	2.71M
Operating Cash Flow	40.03M	8.78M	55.46M	15.88M	14.06M	3.88M
Investing Cash Flow	-377.00K	15.24M	33.52M	-4.94M	24.01M	3.36M
Financing Cash Flow	-20.35M	-12.29M	-40.73M	-18.82M	-27.31M	-20.20M

CMIC Ocean En-Tech Holding Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0206, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.30, and above the 200-day MA of 0.26, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 82.47 is Negative, neither overbought nor oversold. The STOCH value of 91.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0206.

CMIC Ocean En-Tech Holding Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3303	66 Neutral	HK$1.29B	17.93	2.87%	2.83%	-59.96%	-83.53%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0206	63 Neutral	HK$1.87B	33.53	3.95%	3.77%	-8.93%	-25.43%
2178	58 Neutral	HK$131.23M	-4.50	-16.54%	―	-36.59%	48.63%
0353	53 Neutral	HK$345.78M	1.28	22.21%	―	-5.34%	400.80%
1623	48 Neutral	HK$396.97M	-1.08	-11.09%	―	-2.11%	-779.00%
1080	43 Neutral	HK$337.07M	-7.25	-10.68%	―	0.97%	33.70%

CMIC Ocean En-Tech Holding Co Corporate Events

CM Energy Tech Sets 2026–2030 Strategy to Lead China’s Green Marine Energy and Equipment Market

CM Energy Tech has released a five-year strategic guidance plan for 2026-2030 that aims to transform the company into China’s leading provider of green energy and equipment, aligning its development with national economic planning and the country’s dual-carbon emissions goals. The strategy emphasizes integrated development across green energy and equipment manufacturing, a dual-circulation model leveraging both domestic and international markets, and close synergies with China Merchants Group and China Merchants Industry to accelerate breakthroughs and value creation; operationally, CM Energy will build four core business lines, anchored by hydrogen-based energy solutions and marine equipment, supported by intelligent control technology and overseas operations, and will target full-lifecycle services and critical segments such as marine fuel bunkering to expand its role in the low-carbon marine fuel transition.

The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.

CM Energy Tech Wins Shareholder Backing for Key Supply and Chartering Agreements

Independent shareholders of CM Energy Tech Co., Ltd. have approved the company’s Master Supply and Purchase Agreement and the Master Vessels Chartering and Management Services Agreement, including their respective annual caps through 2028, at an extraordinary general meeting held on 30 December 2025. All relevant ordinary resolutions were passed by poll with 100% of valid votes cast in favour, after the major shareholder Prime Force Investment Corporation, deemed to have a material interest, abstained from voting, thereby clearing the way for the continuation of connected transactions that underpin the company’s supply, product sales and vessel chartering operations and providing clearer visibility on its commercial framework for the coming three financial years.

The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.

CM Energy Tech Co., Ltd. Announces Extraordinary General Meeting to Approve Key Agreements

CM Energy Tech Co., Ltd., a company incorporated in the Cayman Islands, has announced an extraordinary general meeting to be held on December 30, 2025. The meeting will address the approval and ratification of two major agreements: the Master Supply and Purchase Agreement and the Master Vessels Chartering and Management Services Agreement, along with their respective annual caps for the years 2026 to 2028. These agreements are expected to impact the company’s operations by formalizing key supply and chartering arrangements, potentially enhancing its market positioning and operational efficiency.

The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.

CM Energy Tech Announces EGM and Register Closure

CM Energy Tech Co., Ltd., a company incorporated in the Cayman Islands, has announced the closure of its register of members from December 23 to December 30, 2025. This closure is in preparation for an Extraordinary General Meeting (EGM) scheduled for December 30, 2025, where shareholders will consider and potentially approve the Master Supply and Purchase Agreement and the Master Vessels Chartering and Management Services Agreement. The outcome of this meeting could significantly impact the company’s operations and stakeholder interests, as these agreements involve substantial product sales and vessel chartering activities.

The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.

CMIC Ocean En-Tech Extends Key Agreements with CM Industry

CMIC Ocean En-Tech Holding Co., operating in the energy technology sector, focuses on product sales, structural parts procurement, vessels management services, and leasing. The company has renewed its agreements with CM Industry to continue these operations until 2028. The renewal of these agreements, including the Master Supply and Purchase Agreement, Master Vessels Chartering and Management Services Agreement, and Master Lease Agreement, signifies a strategic move to maintain and enhance its market position. These agreements are subject to various regulatory requirements, reflecting their significance in the company’s operational framework.

The most recent analyst rating on (HK:0206) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CMIC Ocean En-Tech Holding Co stock, see the HK:0206 Stock Forecast page.