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Denox Environmental & Technology Holdings Limited
(1452)
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Rating:55Neutral
Price Target:
HK$0.16
▲(30.00% Upside)
Action:Reiterated
Date:07/04/26
The score is primarily supported by improving fundamentals in 2025, especially the strong revenue rebound and return to positive operating/free cash flow. Offsetting this, the company remains loss-making with negative shareholder returns, and valuation signals are constrained by a negative P/E. Technicals are modestly positive but not strong enough to outweigh the profitability overhang.
Positive Factors
Revenue rebound & cash flow turnaround
A ~46% revenue rebound in 2025 alongside a return to positive operating and free cash flow signals improving demand and better project execution. If sustained, this reduces near‑term external financing needs, supports reinvestment in backlog and after‑sales, and materially improves the firm's ability to self‑fund growth over coming quarters.
Negative Factors
Persistent operating losses
Even with top‑line recovery, EBIT and net income remain negative and ROE is negative, showing the company has not converted scale into sustained profitability. Persistent losses erode retained earnings, limit internal funding for growth, and may force continued reliance on external capital or shareholder dilution if margins do not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & cash flow turnaround
A ~46% revenue rebound in 2025 alongside a return to positive operating and free cash flow signals improving demand and better project execution. If sustained, this reduces near‑term external financing needs, supports reinvestment in backlog and after‑sales, and materially improves the firm's ability to self‑fund growth over coming quarters.
Read all positive factors
Denox Environmental & Technology Holdings Limited (1452) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$90.11M
Dividend YieldN/A
Average Volume (3M)463.97K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth74.16%
EPS Growth53.73%
CountryHK
Employees184
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.03
Shares Outstanding592,844,400
10 Day Avg. Volume179,300
30 Day Avg. Volume463,966
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.55
Price to Sales (P/S)0.32
P/FCF Ratio2.59
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
Denox Environmental & Technology Holdings Limited Business Overview & Revenue Model
Company Description
Denox Environmental & Technology Holdings Limited functions as an investment holding entity, specializing in the design, development, production, and sale of DeNOx catalysts. These include both plate-type and honeycomb variants, which are distribu...
How the Company Makes Money
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Denox Environmental & Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 189.26M | 108.96M | 126.39M | 62.79M | 71.46M |
| Gross Profit | 46.59M | 27.46M | 24.53M | 13.39M | 12.22M |
| EBITDA | -12.39M | -30.68M | -17.29M | -19.26M | -23.83M |
| Net Income | -17.27M | -37.33M | -25.43M | -23.53M | -12.30M |
Balance Sheet | |||||
| Total Assets | 508.51M | 436.92M | 371.13M | 314.40M | 325.79M |
| Cash, Cash Equivalents and Short-Term Investments | 76.60M | 59.80M | 72.49M | 72.75M | 74.34M |
| Total Debt | 14.80M | 19.67M | 6.27M | 2.94M | 5.93M |
| Total Liabilities | 397.08M | 305.77M | 207.16M | 125.72M | 118.27M |
| Stockholders Equity | 111.43M | 131.16M | 163.97M | 188.68M | 207.52M |
Cash Flow | |||||
| Free Cash Flow | 23.67M | -19.78M | -4.15M | -8.20M | -32.05M |
| Operating Cash Flow | 29.23M | -11.28M | -3.81M | -5.76M | -27.59M |
| Investing Cash Flow | -8.61M | -23.20M | 26.14M | -45.41M | 13.61M |
| Financing Cash Flow | -5.06M | 8.59M | -2.30M | -856.00K | 1.97M |
Denox Environmental & Technology Holdings Limited Technical Analysis
Neutral
0.12
Price Trends
0.15
Positive
0.14
Positive
0.13
Positive
Market Momentum
<0.01
Positive
43.91
Neutral
38.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1452, the sentiment is Neutral. The current price of 0.12 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.91 is Neutral, neither overbought nor oversold. The STOCH value of 38.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1452.
Denox Environmental & Technology 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$263.25M | 2.60 | 8.90% | ― | 1.59% | -3.22% | |
73 Outperform | HK$692.01M | 2.57 | 7.41% | 4.69% | 3.73% | 18.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$137.31M | 6.51 | 4.68% | ― | 37.07% | ― | |
55 Neutral | HK$90.11M | -4.88 | -14.81% | ― | 74.16% | 53.73% | |
55 Neutral | HK$592.84M | 65.73 | 0.72% | ― | -3.48% | -54.74% | |
50 Neutral | HK$151.78M | -17.24 | -2.28% | 2.46% | -0.17% | 63.22% |
* Industrials Sector Average
HK:1452
Denox Environmental & Technology Holdings Limited
0.15
0.06
60.00%
HK:1395
ELL Environmental Holdings Limited
0.12
-0.02
-13.89%
HK:1527
Zhejiang Tengy Environmental Technology Co., Ltd. Class H
1.95
0.56
40.29%
HK:2377
China Boqi Environmental (Holding) Co., Ltd.
0.83
0.05
6.41%
HK:0436
New Universe Environmental Group Limited
0.05
0.00
0.00%
HK:0556
Pan Asia Environmental Protection Group Ltd.
0.59
0.31
113.77%
Denox Environmental & Technology Holdings Limited Corporate Events
Denox Environmental Shareholders Back All AGM Resolutions, Renew Capital Mandates
Jun 18, 2026
Denox Environmental Technology Holdings Limited reported that all resolutions at its 18 June 2026 annual general meeting were duly passed by shareholders on a poll. Investors holding 592,844,400 shares were eligible to vote, with no restrictions ...
Denox Environmental Calls 2026 AGM, Seeks Fresh Share Issuance Mandate
Apr 28, 2026
Denox Environmental Technology Holdings Limited has called its annual general meeting for 18 June 2026 in Beijing, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditors’ rep...
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.