Tianjin Capital Environmental Protection Group Co Ltd Class H (HK:1065)
:1065
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Tianjin Capital Environmental Protection Group Co
(1065)
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Rating:66Neutral
Price Target:
HK$4.50
â–²(5.88% Upside)
Action:ReiteratedDate:03/27/26
The score is supported mainly by attractive valuation (low P/E and strong dividend yield) and solid underlying profitability with improved 2025 cash flow. It is tempered by balance-sheet leverage trends and weaker technical posture, with the stock trading below key moving averages and only neutral-to-weak momentum signals.
Positive Factors
Recurring concession-style revenue
The company’s business model centers on investing in and operating water and wastewater concessions with contracted tariffs and offtake arrangements. These long-term, service-based contracts create predictable, recurring cash flows that support financing, operational continuity and multi-year project returns.
Negative Factors
Rising leverage
Debt increasing faster than equity has pushed total leverage to about parity with equity, reducing financial flexibility. Higher leverage raises interest and refinancing risk and constrains the company’s ability to fund new concessions organically, making capital structure a structural vulnerability over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring concession-style revenue
The company’s business model centers on investing in and operating water and wastewater concessions with contracted tariffs and offtake arrangements. These long-term, service-based contracts create predictable, recurring cash flows that support financing, operational continuity and multi-year project returns.
Read all positive factors
Tianjin Capital Environmental Protection Group Co (1065) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.89B
Dividend Yield4.37%
Average Volume (3M)805.70K
Price to Earnings (P/E)7.1
Beta (1Y)0.47
Revenue Growth1.66%
EPS Growth-6.08%
CountryHK
Employees2,321
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)0.11
Shares Outstanding340,000,000
10 Day Avg. Volume957,500
30 Day Avg. Volume805,700
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)0.58
Price to Sales (P/S)1.29
P/FCF Ratio2.57
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)0.64
Revenue Forecast (FY)HK$5.02B
Tianjin Capital Environmental Protection Group Co Business Overview & Revenue Model
Company Description
Tianjin Capital Environmental Protection Group Company Limited, together with its subsidiaries, engages in the sewage treatment and construction of the sewage treatment plants in the People's Republic of China. It operates through Sewage Water Pro...
How the Company Makes Money
The company makes money mainly by investing in and operating water and wastewater infrastructure projects and earning recurring service-based income over the operating life of those assets. Key revenue streams typically include (1) wastewater trea...
Tianjin Capital Environmental Protection Group Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.63B | 4.83B | 4.67B | 4.52B | 4.54B |
| Gross Profit | 1.76B | 1.92B | 1.82B | 1.54B | 1.35B |
| EBITDA | 2.09B | 2.19B | 1.76B | 1.56B | 1.49B |
| Net Income | 840.04M | 807.21M | 865.21M | 751.25M | 693.19M |
Balance Sheet | |||||
| Total Assets | 26.01B | 25.15B | 24.46B | 22.97B | 21.07B |
| Cash, Cash Equivalents and Short-Term Investments | 4.72B | 2.76B | 2.61B | 3.25B | 2.14B |
| Total Debt | 10.37B | 7.94B | 7.89B | 9.26B | 8.56B |
| Total Liabilities | 13.00B | 14.36B | 14.24B | 13.47B | 12.96B |
| Stockholders Equity | 10.26B | 9.67B | 9.12B | 8.48B | 7.12B |
Cash Flow | |||||
| Free Cash Flow | 2.31B | 695.57M | -674.32M | 245.19M | 98.14M |
| Operating Cash Flow | 3.22B | 1.38B | 992.01M | 912.05M | 936.81M |
| Investing Cash Flow | -868.44M | -745.37M | -1.64B | -684.69M | -1.55B |
| Financing Cash Flow | -421.92M | -542.51M | 34.11M | 867.43M | 1.05B |
Tianjin Capital Environmental Protection Group Co Technical Analysis
Negative
4.25
Price Trends
4.38
Negative
4.30
Negative
4.13
Positive
Market Momentum
-0.07
Positive
38.91
Neutral
6.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1065, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.42, below the 50-day MA of 4.38, and above the 200-day MA of 4.13, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 6.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1065.
Tianjin Capital Environmental Protection Group Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$11.78B | 10.80 | 7.52% | 6.19% | -0.91% | 18.25% | |
66 Neutral | HK$9.89B | 7.09 | 8.59% | 4.37% | 1.66% | -6.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$795.19M | 3.38 | 6.03% | ― | ― | ― | |
56 Neutral | HK$1.49B | 5.86 | 6.98% | 7.75% | ― | ― | |
52 Neutral | HK$1.43B | 3.31 | 3.96% | ― | -5.24% | -17.75% | |
43 Neutral | HK$4.78B | -2.31 | -30.08% | ― | -3.21% | -34.90% |
* Industrials Sector Average
HK:1065
Tianjin Capital Environmental Protection Group Co
4.16
1.07
34.58%
HK:0895
Dongjiang Environmental Company
2.06
0.23
12.57%
HK:1330
Dynagreen Environmental Protection Group Co., Ltd. Class H
5.68
2.31
68.40%
HK:0154
Beijing Enterprises Environment Group Limited
0.53
0.12
29.27%
HK:3718
Beijing Enterprises Urban Resources Group Ltd.
0.42
0.09
28.83%
HK:3989
Capital Environment Holdings Limited
0.10
0.02
28.21%
Tianjin Capital Environmental Protection Group Co Corporate Events
Tianjin Capital Environmental Protection Group Posts Audited 2025 Results With Unqualified Opinion
Mar 25, 2026
Tianjin Capital Environmental Protection Group reported its audited final results for the year ended 31 December 2025, confirming that its 2025 consolidated financial statements received an unqualified opinion from WUYIGE Certified Public Accounta...
Tianjin Capital Sets 2025 Dividend and Outlines Tax Terms for H-Share Investors
Mar 25, 2026
Tianjin Capital Environmental Protection Group plans to distribute a 2025 cash dividend of RMB2.09 per 10 shares, totaling about RMB328.2 million, after reporting distributable profit of roughly RMB6.64 billion for the year. The proposal, which re...
Tianjin Capital Proposes 2025 Final Dividend and Outlines Withholding Tax Rules
Mar 25, 2026
Tianjin Capital Environmental Protection Group Company Limited has proposed a final ordinary cash dividend of RMB 2.09 per 10 shares for the financial year ended 31 December 2025, with the ex-dividend date set for 22 May 2026 and payment scheduled...
Tianjin Capital Books Major Asset Impairment to Reflect 2025 Receivables Risk
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved a substantial asset impairment provision for its 2025 consolidated financial statements, following impairment tests on accounts receivable, other receivables and long-term receivables und...
Tianjin Capital Sets RMB3.57 Billion Cap on New Subsidiary Financing Guarantees
Mar 25, 2026
Tianjin Capital Environmental Protection Group plans to provide up to RMB3.57 billion in new financing guarantees to its subsidiaries between its 2025 and 2026 annual general meetings, mainly to support water utilities projects and new environment...
Tianjin Capital Unit Wins RMB2.85 Million Reclaimed Water Contract in Tianjin Urban Renewal
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved its wholly owned Water Recycling Company to sign three reclaimed water ancillary agreements with Jinzhong Urban Renewal for Lot 7 of an urban renewal project in Tianjin’s Dongli Dis...
Tianjin Capital Group Expands Role in Tianjin Houtai Project With New Connected Utility Contracts
Mar 25, 2026
Tianjin Capital Environmental Protection Group has approved a new Heat Supply Secondary Network Agreement for the Houtai Lot C residential development in Tianjin, under which wholly owned unit Tianjin Jiayuanshengchuang will design and construct s...
Tianjin Capital Schedules Board Meeting to Approve 2025 Annual Results
Mar 10, 2026
Tianjin Capital Environmental Protection Group has scheduled a board meeting for 25 March 2026 to review and approve the company’s annual results for the financial year ended 31 December 2025. The move signals the upcoming release of full-ye...
Tianjin Capital Signs Connected Design Deal for Xianyang Road Plant Relocation
Feb 12, 2026
Tianjin Capital Environmental Protection Group has approved an engineering design service agreement with Tianjin Municipal Institute for the Phase II relocation of the Xianyang Road Sewage Water Treatment Plant in Tianjin’s Xiqing District. ...
Tianjin Capital Awards Connected EPC Contracts for 2026 Reclaimed Water Project
Feb 12, 2026
Tianjin Capital Environmental Protection Group Co has approved new EPC contracts for the 2026 reclaimed water supporting construction project, commissioning its wholly owned Water Recycling Company to engage Chengtou Architectural and Expressway C...
Tianjin Capital Raises Caps on Connected EPC Deals for Tianjin Water Recycling Project
Feb 10, 2026
Tianjin Capital Environmental Protection Group’s subsidiary Water Recycling Company has entered multiple EPC general contracting agreements with affiliated design and construction entities for several tender sections of the recycled water pi...
Tianjin Capital Environmental Protection Group Clears Director Pay and Board Appointments at 2025 EGM
Dec 31, 2025
Tianjin Capital Environmental Protection Group Co. held its third extraordinary general meeting of 2025 on 31 December in Tianjin, with shareholders and proxies representing about 56.32% of the company’s voting share capital in attendance. A...
Tianjin Capital Overhauls Board Committees and Management System to Support Five-Year Strategy
Dec 31, 2025
Tianjin Capital Environmental Protection Group Co., Ltd. has formed the tenth session of its board of directors, electing Mr. Tang Fusheng as board chairman and appointing chairpersons and members to four key board committees: Audit and Risk Contr...
Tianjin Capital Outlines Board Composition and Key Governance Committee Roles
Dec 31, 2025
Tianjin Capital Environmental Protection Group Co. has announced the current composition of its board of directors, comprising executive, non-executive and independent non-executive members, and has disclosed their respective roles across the Boar...
Tianjin Capital Environmental Protection Names Fu Xinghai Employee Director for Tenth Board
Dec 30, 2025
Tianjin Capital Environmental Protection Group Company Limited has elected deputy party secretary and existing executive director Fu Xinghai as the employee director for its tenth board session following an employee representative conference held ...
Tianjin Capital Redirects RMB53 Million to Boost Karamay Sewage Project
Dec 30, 2025
Tianjin Capital Environmental Protection Group has reallocated RMB53 million of previously raised proceeds after terminating the Chibi Lushui Industrial Park Sewage Treatment Plant and Supporting Pipeline Network TOT project. Following board and s...
Tianjin Capital Unit Wins RMB10.3 Million Heat Supply Contract in Connected Deal for Tianjin Project
Dec 29, 2025
Tianjin Capital Environmental Protection Group Co has approved a new connected transaction under which its wholly owned subsidiary Tianjin Jiayuanshengchuang will provide auxiliary heat supply equipment and installation services for the Houtai Lot...
Glossary
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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.