China Environmental Technology Holdings Limited (HK:0646)
:0646
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China Environmental Technology Holdings Limited
(0646)
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Rating:42Neutral
Price Target:
HK$0.13
▼(-25.88% Downside)
Action:Reiterated
Date:05/03/26
The score is held down primarily by weak financial quality—persistent losses, ongoing cash burn, and a highly stressed balance sheet with negative equity and heavy leverage. Technicals also remain bearish with the stock trading below major moving averages and negative MACD, while valuation signals are limited because the company is loss-making and no dividend yield is provided.
Positive Factors
Revenue Rebound
A sharp 2025 revenue rebound (~64.8% YoY) shows the company can regain sales momentum and capture demand. Durable impact: sustained top-line recovery over multiple quarters would support scale economics and provide runway for margin recovery if cost control follows.
Negative Factors
Negative Equity / Stressed Balance Sheet
Persistent negative shareholders’ equity and elevated leverage materially impair financial flexibility and heighten solvency risk. This structural balance sheet weakness increases refinancing difficulty, raises default risk, and constrains the company’s ability to invest or absorb shocks long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
A sharp 2025 revenue rebound (~64.8% YoY) shows the company can regain sales momentum and capture demand. Durable impact: sustained top-line recovery over multiple quarters would support scale economics and provide runway for margin recovery if cost control follows.
Read all positive factors
China Environmental Technology Holdings Limited (0646) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$44.89M
Dividend YieldN/A
Average Volume (3M)39.04K
Price to Earnings (P/E)―
Beta (1Y)-0.40
Revenue Growth8.73%
EPS Growth-42.96%
CountryHK
Employees56
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.12
Shares Outstanding342,697,940
10 Day Avg. Volume35,120
30 Day Avg. Volume39,040
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-0.09
Price to Sales (P/S)1.81
P/FCF Ratio-5.95
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)N/A
Revenue Forecast (FY)N/A
China Environmental Technology Holdings Limited Business Overview & Revenue Model
Company Description
China Environmental Technology Holdings Limited, an investment holding company, provides wastewater treatment plants construction and operation services in the People's Republic of China. The company operates through three segments: Wastewater Tre...
How the Company Makes Money
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China Environmental Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.69M | 28.23M | 15.72M | 38.40M | 44.61M |
| Gross Profit | 9.16M | 7.78M | 6.53M | 13.61M | 16.30M |
| EBITDA | -21.37M | -6.06M | -14.38M | 4.12M | -24.81M |
| Net Income | -52.40M | -30.74M | -43.16M | -25.01M | -53.64M |
Balance Sheet | |||||
| Total Assets | 34.64M | 37.23M | 40.57M | 34.88M | 50.74M |
| Cash, Cash Equivalents and Short-Term Investments | 1.69M | 892.00K | 2.06M | 790.00K | 1.11M |
| Total Debt | 175.60M | 162.92M | 217.52M | 215.52M | 214.23M |
| Total Liabilities | 668.28M | 610.17M | 652.20M | 610.79M | 615.82M |
| Stockholders Equity | -637.91M | -576.18M | -616.99M | -581.58M | -571.16M |
Cash Flow | |||||
| Free Cash Flow | -9.33M | -9.18M | -2.11M | -14.38M | -8.99M |
| Operating Cash Flow | -9.30M | -8.93M | -2.11M | -14.38M | -8.99M |
| Investing Cash Flow | 3.28M | -240.00K | 1.00K | 5.00K | -313.00K |
| Financing Cash Flow | 8.64M | 8.10M | -241.00K | 1.43M | 8.67M |
China Environmental Technology Holdings Limited Technical Analysis
Positive
0.17
Price Trends
0.11
Positive
0.13
Negative
0.15
Negative
Market Momentum
<0.01
Negative
63.60
Neutral
88.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0646, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.60 is Neutral, neither overbought nor oversold. The STOCH value of 88.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0646.
China Environmental Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$510.00M | 7.78 | 4.69% | ― | -0.24% | -24.32% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$160.56M | 7.55 | 4.68% | ― | 37.07% | ― | |
50 Neutral | HK$1.22B | 3.86 | 3.96% | ― | 1.03% | 16.29% | |
50 Neutral | HK$151.78M | -17.24 | -2.28% | 2.46% | -0.17% | 63.22% | |
47 Neutral | HK$96.46M | -0.20 | -224.73% | ― | -9.12% | 65.45% | |
42 Neutral | HK$44.89M | -1.16 | ― | ― | 8.73% | -42.96% |
* Industrials Sector Average
HK:0646
China Environmental Technology Holdings Limited
0.13
-0.03
-18.13%
HK:1395
ELL Environmental Holdings Limited
0.15
-0.01
-6.45%
HK:0923
Integrated Waste Solutions Group Holdings Limited
0.02
<0.01
42.86%
HK:1790
TIL Enviro Limited
0.51
0.12
30.77%
HK:3989
Capital Environment Holdings Limited
0.09
0.01
14.86%
HK:0436
New Universe Environmental Group Limited
0.05
>-0.01
-16.67%
China Environmental Technology Holdings Limited Corporate Events
China Environmental Technology Enters Settlement Talks to Avert Winding-Up Over US$14 Million Bond Dispute
Jun 7, 2026
China Environmental Technology Holdings Limited is an environmental technology company listed on the Hong Kong Stock Exchange, providing solutions and services aimed at environmental protection in China. The group operates within the mainland envi...
China Environmental Technology Shareholders Back All AGM Resolutions, Renewing Capital Mandates
Jun 5, 2026
Shareholders of China Environmental Technology Holdings Limited unanimously approved all resolutions at the company’s annual general meeting held on 5 June 2026 in Hong Kong, including adoption of the 2025 audited financial statements and re...
China Environmental Technology Appeals Hong Kong Court Ruling on 2018 Convertible Bonds
Apr 29, 2026
China Environmental Technology Holdings Limited has updated investors on a long-running dispute over US$7 million in convertible bonds originally issued in 2018 and previously deemed invalid in 2019. A recent High Court judgment in Hong Kong ruled...
China Environmental Technology Sets 2026 AGM to Renew Board and Seek Share Issuance Mandate
Apr 29, 2026
China Environmental Technology Holdings Limited has called its annual general meeting for 5 June 2026 in Beijing, where shareholders will vote on adopting the audited financial statements for the year ended 31 December 2025 and on a series of boar...
China Environmental Technology Wins Court Ruling Upholding Validity of US$7 Million Convertible Bonds
Apr 1, 2026
China Environmental Technology Holdings Limited has received a High Court of Hong Kong judgment confirming that its US$7 million convertible bonds due 2021, along with the related subscription, terms and side letter agreements, are valid and enfor...
China Environmental Technology’s Loss Widens Despite Revenue Growth in 2025
Mar 31, 2026
China Environmental Technology Holdings Limited reported a modest 8.73% increase in revenue to HK$30.7 million for the year ended 31 December 2025, reflecting slight top-line growth in its environmental technology operations. However, cost of sale...
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.