China State Construction Development Holdings Limited (HK:0830)
:0830
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China State Construction Development Holdings Limited
(0830)
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Rating:50Neutral
Price Target:
HK$0.72
▼(-40.50% Downside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by deteriorating fundamentals, especially the reversal to negative operating/free cash flow and the sharp drop in profitability and returns in 2025. Technicals also remain weak with the stock below key moving averages and a negative MACD. A high dividend yield provides some support, but the negative P/E limits valuation confidence.
Positive Factors
Manageable leverage
Moderate debt-to-equity (~0.75 in 2025, range ~0.52–0.93) provides structural financial flexibility for a construction firm. It supports continued bidding on larger contracts and cushions interest/service obligations, reducing bankruptcy risk and preserving capacity to fund working capital over months.
Negative Factors
Weak cash generation
The shift to negative operating and free cash flow in 2025 indicates higher working-capital absorption or cash outlays from projects. Over a multi-month horizon this reduces financial flexibility, may force external financing or slower supplier payments, and impairs ability to fund new project bids without raising capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Moderate debt-to-equity (~0.75 in 2025, range ~0.52–0.93) provides structural financial flexibility for a construction firm. It supports continued bidding on larger contracts and cushions interest/service obligations, reducing bankruptcy risk and preserving capacity to fund working capital over months.
Read all positive factors
China State Construction Development Holdings Limited (0830) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.62B
Dividend Yield6.55%
Average Volume (3M)2.89M
Price to Earnings (P/E)7.1
Beta (1Y)0.51
Revenue Growth-26.24%
EPS Growth-63.51%
CountryHK
Employees4,006
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.10
Shares Outstanding2,255,045,000
10 Day Avg. Volume6,927,300
30 Day Avg. Volume2,894,633
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)0.95
Price to Sales (P/S)0.45
P/FCF Ratio-8.94
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)0.18
Revenue Forecast (FY)HK$7.04B
China State Construction Development Holdings Limited Business Overview & Revenue Model
Company Description
China State Construction Development Holdings Limited, an investment holding firm founded in 1969 and based in Chai Wan, Hong Kong, conducts its operations across Hong Kong, Mainland China, and international markets. The company's diverse activiti...
How the Company Makes Money
Revenue is primarily generated from construction/engineering contracts. The company makes money by (i) bidding for and being awarded projects, then recognizing contract revenue as work progresses (typically based on certified work done/progress bi...
China State Construction Development Holdings Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.98B | 8.10B | 8.67B | 7.67B | 6.29B |
| Gross Profit | 436.80M | 966.95M | 973.06M | 798.22M | 657.20M |
| EBITDA | 385.61M | 885.15M | 889.37M | 711.81M | 594.72M |
| Net Income | 237.34M | 650.25M | 580.42M | 421.85M | 291.98M |
Balance Sheet | |||||
| Total Assets | 12.05B | 11.50B | 10.64B | 10.30B | 8.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 1.17B | 739.14M | 999.28M | 996.49M |
| Total Debt | 2.12B | 1.69B | 1.25B | 1.37B | 1.55B |
| Total Liabilities | 9.33B | 8.94B | 8.35B | 8.31B | 7.22B |
| Stockholders Equity | 2.84B | 2.67B | 2.40B | 2.09B | 1.67B |
Cash Flow | |||||
| Free Cash Flow | -300.12M | 134.90M | 172.65M | 113.50M | -64.48M |
| Operating Cash Flow | -188.23M | 200.28M | 250.49M | 245.61M | 163.91M |
| Investing Cash Flow | 433.58M | 11.44M | -73.18M | -18.92M | -185.26M |
| Financing Cash Flow | 111.88M | 110.15M | -422.70M | -146.97M | 55.95M |
China State Construction Development Holdings Limited Technical Analysis
Negative
1.21
Price Trends
0.82
Negative
0.93
Negative
1.07
Negative
Market Momentum
-0.03
Positive
34.01
Neutral
18.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0830, the sentiment is Negative. The current price of 1.21 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.82, and above the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 34.01 is Neutral, neither overbought nor oversold. The STOCH value of 18.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0830.
China State Construction Development Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.85B | 3.92 | 16.17% | 12.15% | -3.66% | 4.32% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$2.08B | 13.39 | 5.02% | ― | 34.71% | 0.53% | |
54 Neutral | HK$1.80B | 5.41 | 1.40% | 3.23% | -10.56% | -29.26% | |
52 Neutral | HK$15.44B | 51.77 | 6.83% | ― | -3.56% | 49.92% | |
50 Neutral | HK$1.62B | 7.12 | 8.04% | 6.55% | -26.24% | -63.51% | |
46 Neutral | HK$2.95B | 15.52 | 5.96% | 0.21% | -14.03% | -9.66% |
* Industrials Sector Average
HK:0830
China State Construction Development Holdings Limited
0.74
-0.69
-48.36%
HK:0240
Build King Holdings
1.41
0.40
38.92%
HK:2355
Baoye Group Co., Ltd. Class H
3.50
-0.74
-17.45%
HK:2068
China Aluminum International Engineering Corporation Limited Class H
1.94
-0.07
-3.48%
HK:2236
Wison Engineering Services Co., Ltd.
0.54
0.16
40.26%
HK:2520
Shanxi Installation Group Co., Ltd. Class H
2.18
0.02
0.93%
China State Construction Development Holdings Limited Corporate Events
China State Construction Development Sets Three-Year Connected Leasing Framework
Jun 23, 2026
China State Construction Development Holdings has entered into a three-year leasing framework agreement with its controlling shareholder, China State Construction International Holdings, allowing the group to lease properties from CSC and its asso...
CSCD renews COLI service pact and inks new property leasing deal
Jun 23, 2026
China State Construction Development Holdings has entered into a new three-year framework agreement with China Overseas Land Investment, under which the group will continue to provide connection services from 1 July 2026 to 30 June 2029, subject ...
China State Construction Development Wins Strong Shareholder Backing at AGM
Jun 17, 2026
Shareholders of China State Construction Development Holdings Limited have overwhelmingly approved all resolutions at the annual general meeting held on 17 June 2026, including the adoption of the 2025 audited financial statements and the declarat...
China State Construction Development Signs Intragroup Financial Services Pact With CSCF
May 22, 2026
China State Construction Development Holdings has signed a Financial Services Agreement with fellow CSCEC unit CSCF, under which CSCF will provide deposit, loan and other financial services to the group on a non-exclusive basis from 1 June 2026 to...
CSCD Sets Three‑Year Connected Deal for Property Management Services
Apr 29, 2026
China State Construction Development Holdings Limited has entered into a three‑year framework agreement with China Overseas Property Limited under which the group may procure property management services for its properties and work sites fro...
China State Construction Development Sets 2026 AGM to Approve Results, Dividend and Share Issue Mandate
Apr 28, 2026
China State Construction Development Holdings Limited has convened its annual general meeting for 17 June 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025...
China State Construction Development posts solid Q1 amid facade market recovery
Apr 17, 2026
China State Construction Development Holdings Limited, a specialist in facade contracting services, continues to sharpen its presence in Hong Kong and Macau while consolidating its foothold in mainland China and pursuing selected overseas opportun...
China State Construction Development Sets April Board Meeting to Review Q1 2026 Results
Apr 1, 2026
China State Construction Development Holdings Limited has scheduled a board meeting for 17 April 2026 to review and approve the unaudited financial performance of the company and its subsidiaries for the first quarter of 2026. The move signals tha...
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.