Shenyang Public Utility Holdings Co. Ltd. Class H (0747) AI Stock Analysis

• Market Cap: HK$135.18M
• Dividend Yield: N/A
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -72.39%
• EPS Growth: 26.33%
• Country: HK
• Employees: 35
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): >-0.01
• Shares Outstanding: 605,376,000
• 10 Day Avg. Volume: 1,503,400
• 30 Day Avg. Volume: 1,463,400
• PEG Ratio: 0.03
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 13.71
• P/FCF Ratio: -3.78
• 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: 46 Neutral
• Price Target: HK$0.10 ▲(27.50% Upside)

The score is primarily held down by very weak financial performance (loss-making operations, leverage concerns, and poor cash generation). Technical momentum is constructive with price above key averages, but overbought-leaning indicators temper this support. Valuation is also constrained by negative earnings and the absence of a dividend yield.

Positive Factors

Essential public-utility business model

Operating in core urban utility services creates structurally stable demand from households, industry and municipalities. Essential services are relatively non-cyclical, often subject to regulated tariffs or long-term contracts, supporting predictable baseline activity over months to years.

Fee-based, contract revenue mix

A revenue model built on service fees and municipal contracts tends to produce recurring, predictable cash flows and reduces volatility in top-line receipts. Over 2-6 months this profile supports revenue visibility and contractual protections versus purely market-driven businesses.

Focus on urban infrastructure and sustainability

Alignment with urban infrastructure upgrades and environmental priorities positions the company to benefit from regulatory and public investment trends. Demand for wastewater and waste management infrastructure is structurally supported by urbanization and environmental compliance requirements.

Negative Factors

Persistent unprofitability

Sustained negative margins indicate core operations fail to cover costs, undermining ability to self-fund capital needs or build reserves. Over months this erodes financial resilience and increases reliance on external financing or subsidy mechanisms to maintain service levels.

Weak operating and free cash flow

Chronic negative or inconsistent cash generation constrains the company's capacity to fund maintenance, upgrades and debt service from operations. This structural cash shortfall raises rollover risk on liabilities and limits strategic investments without new capital infusions.

High leverage and negative ROE

Elevated leverage combined with negative ROE signals the balance sheet is stressed and equity is not generating returns. Over the medium term this reduces financial flexibility, increases refinancing risk, and may force asset sales or restructuring if operating performance does not improve.

Shenyang Public Utility Holdings Co. Ltd. Class H Business Overview & Revenue Model

Company Description

Shenyang Public Utility Holdings Co. Ltd. Class H (0747) is a leading investment holding company based in China, primarily engaged in the provision of public utility services. The company operates in various sectors, including water supply, sewage treatment, and waste management. With a focus on enhancing urban infrastructure and environmental sustainability, Shenyang Public Utility Holdings offers essential services that support the growing needs of urban populations.

How the Company Makes Money

The company generates revenue primarily through the provision of water supply and sewage treatment services to residential, commercial, and industrial customers. Its revenue model is based on service fees charged for the consumption of water and the treatment of wastewater. Additionally, Shenyang Public Utility Holdings may earn income from waste management operations, including collection and disposal services. Key revenue streams include direct billing to customers, long-term contracts with municipalities, and potential performance-based incentives for operational efficiency. The company may also engage in partnerships with local governments and other entities to expand its service offerings and enhance its market reach, contributing to its overall earnings.

Shenyang Public Utility Holdings Co. Ltd. Class H Financial Statement Overview

Summary

Financials show substantial distress: negative gross and net margins, deeply negative EBIT/EBITDA margins, inconsistent and declining revenue trends, high leverage with negative ROE, and frequently negative/weak operating and free cash flow indicating liquidity and stability risk.

Income Statement

The income statement reveals significant challenges. The company exhibits negative gross profit and net income margins, indicating a lack of profitability. Revenue growth has been inconsistent, with recent years showing a decline. EBIT and EBITDA margins are deeply negative, pointing to operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a concerning debt-to-equity ratio, despite a relatively high equity ratio due to large stockholder equity. Return on equity is negative, reflecting the company's inability to generate profit from its equity base. Stability is a concern given the declining asset base.

Cash Flow

Cash flow analysis indicates severe issues with operating cash flow frequently negative or zero. Free cash flow is inconsistent and often negative, highlighting cash management challenges. The lack of positive cash flow from operations to net income further emphasizes financial stress.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.72M	6.24M	1.50M	29.43M	47.02M	7.01M
Gross Profit	-28.39M	-24.47M	-83.87M	2.82M	686.00K	342.00K
EBITDA	-51.12M	-53.12M	-144.05M	-10.99M	-26.30M	-10.90M
Net Income	-95.53M	-89.24M	-137.16M	-73.52M	-23.54M	-39.68M
Balance Sheet
Total Assets	523.73M	544.80M	632.69M	748.98M	883.28M	898.13M
Cash, Cash Equivalents and Short-Term Investments	8.60M	7.21M	4.29M	6.76M	7.28M	2.54M
Total Debt	25.31M	28.91M	7.43M	5.99M	3.51M	676.00K
Total Liabilities	207.76M	224.66M	209.84M	175.63M	230.41M	213.40M
Stockholders Equity	341.53M	344.67M	432.70M	573.73M	650.95M	678.04M
Cash Flow
Free Cash Flow	-43.36M	-22.62M	7.87M	-23.19M	-25.51M	-9.36M
Operating Cash Flow	-31.71M	-11.37M	7.87M	-23.18M	-24.82M	27.64M
Investing Cash Flow	-11.82M	-5.45M	1.82M	1.68M	32.73M	-32.09M
Financing Cash Flow	40.90M	17.56M	-12.48M	20.99M	-2.16M	851.00K

Shenyang Public Utility Holdings Co. Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0747, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.44 is Neutral, neither overbought nor oversold. The STOCH value of 38.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0747.

Shenyang Public Utility Holdings Co. Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0747	46 Neutral	HK$135.18M	-1.45	-24.60%	―	-72.39%	26.33%
1560	45 Neutral	HK$83.39M	-0.21	-40.52%	―	-52.37%	15.93%
2288	44 Neutral	HK$55.19M	-0.25	-31.70%	―	-70.09%	-16.86%
1124	43 Neutral	HK$84.16M	-0.23	-32.62%	―	3574.59%	48.95%
0456	38 Underperform	HK$87.69M	-0.45	-37.65%	―	-54.13%	24.72%

Shenyang Public Utility Holdings Co. Ltd. Class H Corporate Events

Shenyang Public Utility Moves Into Edge Computing to Diversify Beyond Property and Traditional Infrastructure

Shenyang Public Utility Holdings has launched a new edge computing infrastructure and services business as part of a broader diversification strategy in response to limited government infrastructure spending and a prolonged downturn in China’s property market. The company has assembled a specialist management team in information technology solutions, artificial intelligence, internet of things and smart community applications, begun procuring network bandwidth and deploying edge nodes, and signed an initial service agreement worth RMB24 million running to January 2027, while negotiating with additional potential customers, aiming to leverage its infrastructure expertise to enhance long-term business sustainability and broaden revenue sources.

The most recent analyst rating on (HK:0747) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Shenyang Public Utility Holdings Co. Ltd. Class H stock, see the HK:0747 Stock Forecast page.