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Shandong Hi-Speed Holdings Group Limited
(0412)
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Rating:42Neutral
Price Target:
HK$0.54
▼(-68.35% Downside)
Action:Reiterated
Date:06/26/26
The score is held down primarily by weak financial quality—especially the move to negative equity and very high leverage—alongside volatile profitability and inconsistent cash generation. Technical indicators reinforce risk with a strong downtrend and negative momentum, while valuation is not compelling due to negative earnings and no dividend yield data to offset risk.
Positive Factors
Diversified investment-holding model
As an investment holding with infrastructure and diversified subsidiaries, the company earns returns via consolidated operating entities and dividends from associates. This asset-backed, multi-source revenue model provides structural cash inflows and reduces exposure to a single operating business over the medium term.
Negative Factors
Very high leverage and negative equity
Negative shareholders' equity and very large debt materially weaken capital buffers and compress financial flexibility. This condition increases solvency and refinancing risk, constrains the ability to raise fresh capital, and raises the probability of forced balance-sheet actions if operating performance weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified investment-holding model
As an investment holding with infrastructure and diversified subsidiaries, the company earns returns via consolidated operating entities and dividends from associates. This asset-backed, multi-source revenue model provides structural cash inflows and reduces exposure to a single operating business over the medium term.
Read all positive factors
Shandong Hi-Speed Holdings Group Limited (0412) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.98B
Dividend YieldN/A
Average Volume (3M)113.58M
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,912
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-0.10
Shares Outstanding6,019,431,000
10 Day Avg. Volume22,766,286
30 Day Avg. Volume113,578,696
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-2.58
Price to Sales (P/S)0.33
P/FCF Ratio0.74
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, operates photovoltaic and wind power plants in the People's Republic of China. It operates through Industrial Investment, Standard Investment, Non-Standard Investment, and Li...
How the Company Makes Money
The company primarily makes money by (i) earning returns from its investment portfolio and controlled/partly-owned operating entities (e.g., consolidated subsidiary revenues where it has controlling interests, and share of results/dividends from a...
Shandong Hi-Speed Holdings Group Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
18
Very Negative
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.60B | 5.58B | 5.35B | 3.50B | 1.15B |
| Gross Profit | 2.41B | 2.68B | 337.72M | 372.88M | 772.79M |
| EBITDA | 3.42B | 3.74B | 3.47B | 2.53B | 7.59M |
| Net Income | -134.22M | 353.52M | 324.56M | -169.06M | 30.41M |
Balance Sheet | |||||
| Total Assets | 73.43B | 66.17B | 66.19B | 68.96B | 18.76B |
| Cash, Cash Equivalents and Short-Term Investments | 12.73B | 9.08B | 8.41B | 11.79B | 8.67B |
| Total Debt | 50.39B | 44.97B | 45.37B | 47.25B | 11.44B |
| Total Liabilities | 60.89B | 48.42B | 48.99B | 53.38B | 11.72B |
| Stockholders Equity | -713.38M | 6.11B | 5.57B | 7.07B | 1.41B |
Cash Flow | |||||
| Free Cash Flow | 2.49B | -750.67M | 1.70B | 5.26B | -12.12B |
| Operating Cash Flow | 4.36B | 471.26M | 3.33B | 6.16B | -12.06B |
| Investing Cash Flow | -1.23B | -312.08M | -60.83M | 464.86M | 10.17B |
| Financing Cash Flow | -2.02B | -1.06B | 655.77M | -3.50B | -1.77B |
Shandong Hi-Speed Holdings Group Limited Technical Analysis
Negative
1.70
Price Trends
0.97
Negative
1.24
Negative
2.51
Negative
Market Momentum
-0.13
Positive
19.20
Positive
9.00
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 0.70, above the 50-day MA of 0.97, and below the 200-day MA of 2.51, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 19.20 is Positive, neither overbought nor oversold. The STOCH value of 9.00 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$2.10B | 39.35 | 0.89% | 3.28% | -0.47% | 1.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | HK$1.74B | 19.40 | 1.63% | 2.14% | -6.66% | 29.34% | |
56 Neutral | HK$15.55B | 76.90 | 5.69% | ― | 35.59% | ― | |
47 Neutral | HK$2.02B | -5.09 | -3.24% | 3.30% | -8.66% | 81.57% | |
43 Neutral | HK$11.58M | -0.16 | 18.77% | ― | ― | ― | |
42 Neutral | HK$2.98B | -4.82 | -7.19% | ― | ― | ― |
* Financial Sector Average
HK:0412
Shandong Hi-Speed Holdings Group Limited
0.49
-14.64
-96.79%
HK:0127
Chinese Estates (Holdings)
1.10
-0.24
-17.85%
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0.65
-0.04
-5.80%
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0.00
0.00%
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Oshidori International Holdings Limited
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1.73
339.22%
HK:0064
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3.40
0.50
17.24%
Shandong Hi-Speed Holdings Group Limited Corporate Events
Shandong Hi-Speed Holdings Clears All AGM Resolutions, Confirms Board and Auditor
Jun 16, 2026
Shandong Hi-Speed Holdings Group Limited reported that all resolutions at its 16 June 2026 annual general meeting were passed by shareholders via poll, with no voting restrictions or mandatory abstentions. The meeting covered receipt of the 2025 a...
Fitch Affirms Shandong Hi-Speed Holdings’ A- Credit Rating With Stable Outlook
Jun 4, 2026
Shandong Hi-Speed Holdings Group Limited has had its Long-Term Foreign- and Local-Currency Issuer Default Ratings affirmed at A- with a stable outlook by Fitch Ratings, underscoring the company’s solid credit profile and perceived financial ...
Shandong Hi-Speed Strikes Green Energy–Data Centre Pact with VNET
May 27, 2026
Shandong Hi-Speed Holdings Group Limited has entered into a non-legally binding strategic cooperation framework agreement with VNET Group, Inc. to build an integrated ecosystem combining green energy and high-efficiency computing power for data ce...
Shandong Hi-Speed to Exit VNET Stake in US$942 Million Very Substantial Disposal
May 21, 2026
Shandong Hi-Speed Holdings Group Limited has agreed to dispose of all its shares in VNET Group, Inc. for approximately US$942 million under a share purchase agreement signed on 13 May 2026, with its wholly owned subsidiaries acting as sellers and ...
Shandong Hi-Speed Issues Supplemental AGM Notice to Revise Director Re-election Resolutions
May 14, 2026
Shandong Hi-Speed Holdings Group Limited, a Bermuda-incorporated company listed in Hong Kong under stock code 412, operates with a board structure that includes executive, non-executive and independent non-executive directors. Its governance frame...
Shandong Hi-Speed Halts Trading Ahead of Major Asset Disposal Announcement
May 14, 2026
Shandong Hi-Speed Holdings Group Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange from 9:00 a.m. on 14 May 2026, as it prepares to announce a very substantial disposal that qualifies as inside information. The ...
Shandong Hi-Speed Clarifies Chairman’s Shareholding in Associated Company
May 13, 2026
Shandong Hi-Speed Holdings Group Limited issued a clarification regarding its recent announcement on board changes, correcting an omission about the equity interests of its chairman. The company disclosed that chairman Kang Jian holds 590,000 A sh...
Shandong Hi-Speed Holdings Names Kang Jian as New Chairman in Leadership Reshuffle
Apr 30, 2026
Shandong Hi-Speed Holdings Group Limited announced a leadership reshuffle effective 30 April 2026, with executive director and board chairman Li Tianzhang stepping down from his roles, including chairmanships of the executive and nomination commit...
Shandong Hi-Speed Holdings Clarifies Board and Committee Structure
Apr 30, 2026
Shandong Hi-Speed Holdings Group Limited has announced the current composition of its board of directors, led by chairman Kang Jian and vice chairman Zhu Jianbiao, and including a mix of executive, non-executive and independent non-executive direc...
Shandong Hi-Speed Sets June 2026 AGM, Seeks Fresh Share Issuance Mandate
Apr 23, 2026
Shandong Hi-Speed Holdings Group Limited has called its annual general meeting for 16 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and the reports of the board and the ...
Shandong Hi-Speed Units Sign RMB1.2 Billion EPC Deal for New Project
Mar 31, 2026
Shandong Hi-Speed New Energy Group and Shandong Hi-Speed Holdings have jointly announced that Heze SH, their shared project subsidiary, has signed an engineering, procurement and construction contract worth about RMB1.2 billion with two Chinese co...
Shandong Hi-Speed Holdings Profit Slumps in 2025 Amid Higher Costs and Losses
Mar 27, 2026
Shandong Hi-Speed Holdings Group Limited reported revenue of RMB5.03 billion for 2025, down from RMB5.58 billion a year earlier, with gross profit also declining. Despite strong fair value gains on financial assets and higher contributions from as...
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.