Shandong Hi-Speed Holdings Group Limited (HK:0412)
:0412
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Shandong Hi-Speed Holdings Group Limited
(0412)
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Rating:50Neutral
Price Target:
HK$1.50
▼(-11.76% Downside)
Action:ReiteratedDate:12/03/25
The overall stock score is primarily influenced by financial performance, which shows strong revenue growth but is offset by high leverage and inconsistent cash flows. Technical analysis indicates bearish momentum, and valuation metrics are weak due to negative earnings and lack of dividends. These factors collectively suggest caution in the current investment outlook.
Positive Factors
Revenue Growth Trajectory
Consistent multi-year revenue growth from HK$894.1M to HK$5.58B implies expansion of concession portfolio and higher traffic across assets. This durable top-line expansion improves scale economics, supports fixed-cost absorption, and strengthens long-term cash flow available for reinvestment and debt servicing.
Negative Factors
Elevated Leverage
A rise in debt-to-equity to 7.36 indicates heavy reliance on borrowings. Elevated leverage raises interest costs, amplifies refinancing risk and sensitivity to rate moves, and constrains financial flexibility to fund capex or absorb traffic downturns, threatening long-term balance sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trajectory
Consistent multi-year revenue growth from HK$894.1M to HK$5.58B implies expansion of concession portfolio and higher traffic across assets. This durable top-line expansion improves scale economics, supports fixed-cost absorption, and strengthens long-term cash flow available for reinvestment and debt servicing.
Read all positive factors
Shandong Hi-Speed Holdings Group Limited (0412) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.01B
Dividend YieldN/A
Average Volume (3M)113.58M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,992
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.11
Shares Outstanding6,019,431,000
10 Day Avg. Volume22,766,286
30 Day Avg. Volume113,578,696
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)7.69
Price to Sales (P/S)8.42
P/FCF Ratio-62.63
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)0.08
Revenue Forecast (FY)HK$6.77B
Shandong Hi-Speed Holdings Group Limited Business Overview & Revenue Model
Company Description
Shandong Hi-Speed Holdings Group Limited, an investment holding company, provides various financial services in the People's Republic of China. The company operates through four segments: Standard Investment, Nonstandard Investment, License Busine...
How the Company Makes Money
Shandong Hi-Speed Holdings Group Limited generates revenue primarily through the operation of toll roads and expressways, where it collects toll fees from vehicles using its infrastructure. This revenue model is bolstered by the increasing demand ...
Shandong Hi-Speed Holdings Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.22B | 5.58B | 5.53B | 4.19B | 1.07B | 1.27B |
| Gross Profit | 2.45B | 2.68B | 2.44B | 2.26B | 738.63M | -309.94M |
| EBITDA | 2.85B | 3.74B | 3.47B | 2.66B | 7.59M | 105.12M |
| Net Income | 816.82M | 353.52M | 324.56M | -169.06M | 30.41M | -25.65M |
Balance Sheet | ||||||
| Total Assets | 67.53B | 66.17B | 66.19B | 68.96B | 18.76B | 21.04B |
| Cash, Cash Equivalents and Short-Term Investments | 11.04B | 9.08B | 8.41B | 10.08B | 8.67B | 11.38B |
| Total Debt | 46.70B | 44.97B | 45.37B | 47.25B | 11.44B | 12.53B |
| Total Liabilities | 49.61B | 48.42B | 48.99B | 53.38B | 11.72B | 12.90B |
| Stockholders Equity | 6.55B | 6.11B | 5.57B | 7.07B | 6.97B | 7.98B |
Cash Flow | ||||||
| Free Cash Flow | -164.16M | -750.67M | 1.70B | 5.26B | -12.12B | -3.15B |
| Operating Cash Flow | 1.21B | 471.26M | 3.33B | 6.16B | -12.06B | -3.12B |
| Investing Cash Flow | -906.65M | -1.80B | -60.83M | 464.86M | 10.17B | -1.69B |
| Financing Cash Flow | -2.74B | -2.10B | 655.77M | -3.50B | -1.77B | 1.54B |
Shandong Hi-Speed Holdings Group Limited Technical Analysis
Negative
1.70
Price Trends
1.57
Negative
1.61
Negative
7.08
Negative
Market Momentum
-0.06
Positive
35.39
Neutral
14.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0412, the sentiment is Negative. The current price of 1.7 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.57, and below the 200-day MA of 7.08, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 35.39 is Neutral, neither overbought nor oversold. The STOCH value of 14.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0412.
Shandong Hi-Speed Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | HK$81.22B | 9.46 | 6.85% | 3.48% | 22.13% | 63.08% | |
59 Neutral | HK$148.64B | 9.05 | 9.55% | 3.83% | 51.04% | 24.56% | |
59 Neutral | HK$125.75B | 7.38 | 8.68% | 2.89% | 61.94% | 127.55% | |
58 Neutral | HK$55.79B | 13.34 | 3.90% | 1.18% | 365.12% | 170.00% | |
57 Neutral | HK$72.96B | 10.15 | 5.58% | 2.66% | 30.38% | 2.63% | |
50 Neutral | HK$8.01B | -62.58 | 2.83% | ― | ― | ― |
* Financial Sector Average
HK:0412
Shandong Hi-Speed Holdings Group Limited
1.33
-4.53
-77.30%
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Shandong Hi-Speed Holdings Group Limited Corporate Events
Shandong Hi-Speed Units Sign Connected Lease Deal for New Photovoltaic Project in Shandong
Dec 29, 2025
Shandong Hi-Speed Holdings Group and Shandong Hi-Speed New Energy Group have announced a connected transaction under which SDHS Linteng will lease a designated area in Linyi City, Shandong Province, to SHNE (Shandong) for the construction and oper...
Shandong Hi-Speed Holdings Enters EPC Contract for Wind Farm Project
Dec 16, 2025
Shandong Hi-Speed Holdings Group Limited has announced that its subsidiary, Zhaoping Shangao, has entered into an EPC contract with CCCC FHEC, FHSW Engineering, and PowerChina Henan for a 100MW wind farm project in Guangxi, China. This transaction...
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.