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China Carbon Neutral Development Group Limited
(1372)
China Carbon Neutral Development Group Limited (1372) vs. iShares MSCI Hong Kong ETF (EWH)
China Carbon Neutral Development Group Limited Business Overview & Revenue Model
China Carbon Neutral Development Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.40M | 579.40M | 639.39M | 709.31M | 468.01M | 478.32M |
| Gross Profit | 36.76M | 38.47M | 37.63M | 42.51M | 35.93M | 8.10M |
| EBITDA | 31.93M | 37.39M | -38.55M | -136.49M | 353.46M | 374.90M |
| Net Income | -7.45M | -7.45M | -88.56M | -197.47M | 267.65M | 302.03M |
Balance Sheet | ||||||
| Total Assets | 459.64M | 459.64M | 364.26M | 314.54M | 484.82M | 255.82M |
| Cash, Cash Equivalents and Short-Term Investments | 120.65M | 118.98M | 139.99M | 77.61M | 282.15M | 49.75M |
| Total Debt | 226.25M | 226.25M | 175.79M | 219.04M | 255.46M | 450.75M |
| Total Liabilities | 441.05M | 441.05M | 369.08M | 364.31M | 397.76M | 934.75M |
| Stockholders Equity | 22.46M | 22.46M | 2.18M | -49.15M | 86.87M | -678.93M |
Cash Flow | ||||||
| Free Cash Flow | -65.27M | -65.27M | 8.19M | 129.58M | -91.40M | 2.65M |
| Operating Cash Flow | -64.42M | -64.42M | 8.50M | 133.26M | -88.20M | 2.77M |
| Investing Cash Flow | -855.00K | -855.00K | -29.97M | -3.90M | -24.30M | -122.00K |
| Financing Cash Flow | 48.73M | 48.73M | 62.52M | -139.23M | 151.67M | -16.99M |
China Carbon Neutral Development Group Limited Technical Analysis
China Carbon Neutral Development Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$7.44B | 6,200.00 | 1.30% | ― | 78.48% | -33.33% | |
51 Neutral | HK$898.24M | ― | ― | ― | ― | ― | |
46 Neutral | HK$440.00M | -67.69 | -4.80% | ― | -30.56% | -160.00% | |
45 Neutral | HK$168.22M | -2.07 | -46.27% | ― | -63.83% | 36.12% | |
41 Neutral | HK$749.21M | -56.06 | -60.47% | ― | -9.38% | 88.33% |
China Carbon Neutral Development Group Limited Corporate Events
China Carbon Neutral Development Group Limited has completed a share subscription of 32 million new shares at HK$1.50 each under its general mandate, raising net proceeds of about HK$48 million and increasing its total issued share capital to 674.96 million shares. The deal brings in new investor Wang Tianlong as a 4.74% shareholder, slightly dilutes existing stakes of major shareholders, and strengthens the company’s balance sheet, with roughly 85% of the funds earmarked for general working capital and 15% for debt repayment, enhancing liquidity to support ongoing operations and financial stability.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited announced that substantial shareholder Mr. Sha Tao acquired an additional 3,911,000 shares on the open market at an average price of about HK$1.20 per share, increasing his deemed interest to 160,465,000 shares, or approximately 23.77% of the company’s issued share capital as of the announcement date. The board views this voluntary increase in shareholding as a sign of Mr. Sha’s confidence in the group’s long-term prospects, and emphasized that the company continues to meet Hong Kong Stock Exchange public float requirements, while advising shareholders and potential investors to exercise caution when trading the shares.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has issued a supplemental announcement clarifying details of its previously disclosed subscription of 32,000,000 new shares under a general mandate at HK$1.50 per share. The company corrected the aggregate nominal value of the subscription shares to HK$320,000 and clarified that completion of the subscription is conditional on the company maintaining sufficient public float in accordance with the relevant listing rule, with the deal lapsing if conditions are not met by 23 January 2026. Following completion, 96,592,000 shares will remain available for future issuance under the general mandate, and the HK$48 million in gross (and net) proceeds will be used primarily to bolster working capital, including staff costs and operating overheads, with a smaller portion allocated to debt repayment, continuing the group’s recent pattern of equity and convertible bond transactions to manage indebtedness and support ongoing operations.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has completed the issuance of HK$57.66 million in convertible bonds to subscribers under a specific mandate, with closing taking place on 14 January 2026. The bonds, which will be used solely to settle existing indebtedness on a dollar-for-dollar basis, are structured to be settled over two years, converting current liabilities into non-current liabilities and easing immediate repayment and cash flow pressure. By offsetting liabilities without cash outflows and extending the repayment horizon, the company expects greater flexibility in deploying financial resources toward business development, and its board considers the terms of the subscription and the convertible bonds to be fair, reasonable, and in the interests of shareholders overall.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has entered into a subscription agreement with an individual investor, Wang Tianlong, to issue 32 million new shares at HK$1.50 per share under its existing general mandate, representing approximately 4.98% of its current issued share capital and 4.74% of its enlarged share capital. The placement, priced at a modest discount to recent market levels and not requiring separate shareholder approval, is intended to raise HK$48 million in nominal value and will proceed subject to Stock Exchange approval for listing and trading of the new shares and the company maintaining sufficient public float, potentially strengthening its capital base while moderately diluting existing shareholders.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has signed a strategic cooperation agreement with China Tower Corporation Limited and China Renewable Resources Development Group to jointly build a standardized, wide-coverage and efficient lithium battery recycling and circular economy ecosystem. The partnership combines China Tower’s nationwide infrastructure and retired battery resources, China Renewable Resources’ urban‑rural physical recycling network and licenses, and CCNG’s online recycling platform and blockchain traceability tools to create a closed-loop system from collection through regeneration, pursue joint R&D in intelligent dismantling and resource utilization, and expand domestic and overseas markets for lithium battery recycling and green energy storage. The alliance is positioned as a key step in advancing China’s “dual‑carbon” goals, with plans to deepen cooperation in energy storage power stations, carbon asset development and green energy services, support China’s leadership in global battery recycling technologies and models, and build a full life‑cycle green industrial chain spanning battery production, use, recycling and regeneration.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has announced that substantial shareholder Mr. Sha Tao purchased 27,299,000 shares on the open market at an average price of about HK$1.50 per share, increasing his stake to 156,554,000 shares, or roughly 24.35% of the company’s issued share capital. The board views this voluntary share accumulation as a sign of Mr. Sha’s confidence in the group’s long-term prospects and confirmed that, despite the increased concentration of ownership, the company continues to meet the Hong Kong Stock Exchange’s public float requirements, with shareholders and potential investors urged to exercise caution when trading the stock.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
Shareholders of China Carbon Neutral Development Group Limited approved all resolutions at the extraordinary general meeting held on 29 December 2025, with both Subscription Agreement A and Subscription Agreement B, and their associated specific mandates, receiving 100% of votes cast in favour. The approval, with certain interested creditors and their associates abstaining in line with listing rules, clears the way for the company to proceed with the subscription arrangements, which are viewed by the board as fair, reasonable and in the interests of shareholders, potentially strengthening its capital structure and supporting its strategic development in carbon-neutral related investments.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has received shareholder approval to adopt a new share option scheme, with all resolutions at its 29 December 2025 extraordinary general meeting passed by poll. Of the 642.96 million shares eligible to vote, 237.97 million votes were cast in favour and none against the ordinary resolution to approve and adopt the company’s share option scheme, while a director holding 1.56% of issued shares abstained in line with earlier disclosures; the result clears the way for the group to use equity-based incentives, which may support future talent retention and alignment of management and shareholder interests.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited announced that its wholly owned subsidiary, Global Carbon Asset Management Co., has issued and is managing 500 million Carbon Coins on DigiFT, a licensed digital asset trading platform in Singapore, backed by 500,000 tonnes of Verified Carbon Standard (VCS) certified carbon credits. Positioned as the world’s first compliance-issued carbon coin based on an internationally recognized carbon standard and the first VCS-backed token on a regulated overseas on-chain exchange, the initiative uses blockchain-based tokenization to address liquidity, cost and oversight challenges in traditional carbon markets, establishing a traceable, divisible and transferable digital carbon asset. The move marks a significant strategic step for the Group in real-world asset tokenization and green financial innovation, creating a replicable model that links green finance with the digital economy, and potentially strengthening its role in global carbon neutrality efforts and the evolving low‑carbon development ecosystem.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
China Carbon Neutral Development Group Limited has issued a supplemental announcement regarding its upcoming Extraordinary General Meetings (EGMs) scheduled for December 29, 2025. The announcement clarifies the deadline for lodging transfer documents to qualify for attending and voting at the meetings, correcting the date to December 19, 2025, instead of December 21, 2025. This update ensures shareholders are informed of the correct procedural details, maintaining the validity of previously submitted proxy forms.
China Carbon Neutral Development Group Limited has announced an extraordinary general meeting to approve two subscription agreements with Green Securities Group Limited and Green Assets Management Limited. These agreements involve issuing convertible bonds worth over HK$57 million, allowing for the potential issuance of over 205 million ordinary shares at a conversion price of HK$0.28 per share. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives in the carbon neutrality sector.
China Carbon Neutral Development Group Limited has announced an Extraordinary General Meeting to discuss the adoption of a new share option scheme, which will replace the existing scheme from 2016. This move is aimed at enhancing the company’s operational flexibility and aligning with its strategic goals, potentially impacting shareholder value and market positioning.
China Carbon Neutral Development Group Limited, a company incorporated in the Cayman Islands, recently issued a clarification regarding a typographical error in a previous announcement. The error involved the English name of an executive director and vice president, which was incorrectly listed as ‘Zhang Xiaodong’ instead of the correct name ‘Cheung Hiu Tung’. This clarification ensures the accuracy of the company’s official records, maintaining transparency and trust with stakeholders.
China Carbon Neutral Development Group Limited has announced a series of leadership changes effective from November 27, 2025. The company, which operates in the carbon neutrality and ESG investment sector, focuses on sustainable development and cross-border investment strategies. Key changes include the redesignation of Mr. Chen Yonglan from Co-Chairman to Chairman, Mr. Zhong Guoxing from Co-Chairman to Deputy Chairman and Non-executive Director, and the appointment of Mr. Zhang Xiaodong as Executive Director and Vice President. Additionally, Mr. Wang Guangzu has resigned as an alternate Director, and Mr. Chen Lui has been appointed as an alternate Director. These changes are expected to impact the company’s strategic direction and strengthen its leadership in the carbon neutrality sector.
China Carbon Neutral Development Group Limited has announced the composition of its board of directors as of November 27, 2025. The board includes executive directors, non-executive directors, and independent non-executive directors, with various members serving on the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic direction and stakeholder engagement.
China Carbon Neutral Development Group Limited announced that all resolutions proposed at their Annual General Meeting were passed by shareholders. The resolutions included the adoption of financial statements, re-election of directors, and granting of mandates to the board for share issuance and repurchase. This successful AGM reflects strong shareholder support and positions the company to continue its strategic initiatives.
China Carbon Neutral Development Group Limited has announced an extension of the long stop date for its Subscription Agreements related to the issuance of convertible bonds, now set for December 31, 2025. This extension is part of a strategy to settle existing indebtedness through the issuance of discounted convertible bonds to subscribers, who have acquired debts from original creditors. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval and financial advisory. The outcome of this transaction could significantly impact the company’s financial structure and stakeholder interests.