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VPower Group International Holdings Limited
(1608)
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Rating:47Neutral
Price Target:
HK$0.08
▼(-42.14% Downside)
Action:Reiterated
Date:06/17/26
The score is primarily held back by weak financial performance—ongoing losses, elevated leverage, and a sharp deterioration in 2025 cash flow. Technical indicators are neutral with only modest near-term momentum, while valuation is hard to assess due to a negative P/E and no dividend yield data.
Positive Factors
Integrated EPC and O&M services
Offering engineering, procurement & construction plus operation & maintenance creates recurring service revenue and cross‑sell opportunities. This integrated model raises customer stickiness, diversifies income versus pure merchant generation, and supports steadier cashflows over the medium term.
Negative Factors
Persistent losses and negative margins
Sustained net losses and negative operating margins limit retained earnings and the capacity to self‑fund projects or absorb shocks. Without a durable return to positive margins, the business faces ongoing reliance on external financing and constrained reinvestment for growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated EPC and O&M services
Offering engineering, procurement & construction plus operation & maintenance creates recurring service revenue and cross‑sell opportunities. This integrated model raises customer stickiness, diversifies income versus pure merchant generation, and supports steadier cashflows over the medium term.
Read all positive factors
VPower Group International Holdings Limited (1608) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$647.34M
Dividend YieldN/A
Average Volume (3M)222.06K
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue Growth-20.90%
EPS Growth13.47%
CountryHK
Employees380
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.03
Shares Outstanding6,683,150,400
10 Day Avg. Volume172,772
30 Day Avg. Volume222,057
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.66
Price to Sales (P/S)0.77
P/FCF Ratio-2.24
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
VPower Group International Holdings Limited Business Overview & Revenue Model
Company Description
VPower Group International Holdings Limited functions as an investment holding company, delivering comprehensive power generation solutions across Hong Kong, Macau, mainland China, various other Asian nations, Latin America, and worldwide. The com...
How the Company Makes Money
VPower makes money mainly through (1) operating income from owning and running power generation projects and (2) project/service income from providing power-project solutions. For its power generation business, revenue is earned from electricity a...
VPower Group International Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
40
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.20B | 1.52B | 1.50B | 3.36B | 5.09B |
| Gross Profit | 199.62M | 287.06M | -84.18M | 556.47M | 699.95M |
| EBITDA | -2.72M | 223.03M | -1.58B | 388.61M | 637.02M |
| Net Income | -201.46M | -233.08M | -2.85B | -316.85M | 45.69M |
Balance Sheet | |||||
| Total Assets | 5.32B | 5.86B | 6.24B | 8.91B | 10.35B |
| Cash, Cash Equivalents and Short-Term Investments | 381.90M | 122.81M | 238.91M | 165.18M | 589.84M |
| Total Debt | 1.78B | 2.50B | 2.82B | 3.02B | 3.97B |
| Total Liabilities | 3.92B | 4.28B | 4.35B | 5.77B | 6.82B |
| Stockholders Equity | 1.40B | 1.58B | 1.88B | 3.14B | 3.48B |
Cash Flow | |||||
| Free Cash Flow | -411.07M | 212.69M | 128.70M | -48.67M | -1.30B |
| Operating Cash Flow | -222.71M | 249.46M | 226.95M | 121.39M | -980.84M |
| Investing Cash Flow | 1.30B | -2.89M | -29.30M | -224.90M | -193.91M |
| Financing Cash Flow | -846.40M | -241.40M | -179.12M | -424.04M | 508.14M |
VPower Group International Holdings Limited Technical Analysis
Negative
0.14
Price Trends
0.10
Negative
0.11
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
43.67
Neutral
16.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1608, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.10, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.67 is Neutral, neither overbought nor oversold. The STOCH value of 16.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1608.
VPower Group International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.18T | 22.44 | 22.82% | 0.21% | 30.08% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$1.46B | -7.72 | -3.73% | 6.40% | -34.79% | -130.42% | |
51 Neutral | HK$373.13M | -6.54 | -5.94% | ― | -15.04% | 71.02% | |
49 Neutral | HK$41.54B | 22.27 | 4.52% | ― | 60.41% | 150.51% | |
47 Neutral | HK$647.34M | -3.21 | -4.59% | ― | -20.90% | 13.47% | |
45 Neutral | HK$192.47M | -5.07 | -6.19% | ― | 5.07% | 28.18% |
* Industrials Sector Average
HK:1608
VPower Group International Holdings Limited
0.10
-0.18
-64.73%
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Contemporary Amperex Technology Co., Limited Class H
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VPower Group International Holdings Limited Corporate Events
VPower Shareholders Approve All AGM Resolutions, Renew Auditor and Share Mandate
Jun 11, 2026
VPower Group International Holdings Limited reported that all resolutions at its 11 June 2026 annual general meeting were approved by shareholders by poll. The meeting received and adopted the audited financial statements for the year ended 31 Dec...
VPower Seeks Hong Kong Court Nod to Convene Creditors for Debt Restructuring Scheme
Jun 10, 2026
VPower Group International Holdings Limited has announced an update on efforts to restructure its offshore debts and other outstanding claims, including obligations linked to indirect wholly owned subsidiary VPower Group Holdings Limited. The comp...
VPower Group Wins Further Adjournment in Hong Kong Winding-Up Case
Jun 2, 2026
VPower Group International Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, operates through indirect wholly owned subsidiaries such as VPower Group Holdings Limited. Its board includes a mix of executive, non-executive...
VPower Group Revamps Company Secretary and Governance Role
May 28, 2026
VPower Group International Holdings Limited has announced a change in its corporate governance team, with legal counsel and company secretary Ms. Wong Wai Man set to resign as company secretary and authorised representative effective 1 June 2026. ...
VPower Group Details Deloitte Reappointment and 2026 Audit Fee Range
May 26, 2026
VPower Group International Holdings Limited has issued supplemental information to its April 30, 2026 circular ahead of its 2026 annual general meeting, clarifying details on the proposed reappointment of Deloitte Touche Tohmatsu as its independen...
VPower Restructuring Deal for Offshore Debts Lapses After Longstop Date
May 14, 2026
VPower Group International Holdings has announced that its previously agreed restructuring master agreement for offshore debts has lapsed after the longstop date of 14 May 2026 passed without the restructuring becoming effective or a further exten...
VPower Explains Audit-Driven Delay and Completion of 2025 Results
May 12, 2026
VPower Group International Holdings Limited has issued a supplemental announcement explaining the reasons for the delay in publishing its 2025 annual results. The company said its auditors required additional written explanations, supporting docum...
VPower Group Sets June 2026 AGM to Approve 2025 Results and Share Issuance Mandate
Apr 30, 2026
VPower Group International Holdings Limited has convened its annual general meeting for 11 June 2026 in Hong Kong, where shareholders will be asked to receive and adopt the audited consolidated financial statements for the year ended 31 December 2...
VPower Group Secures Further Adjournment in Hong Kong Winding-Up Petitions
Apr 30, 2026
VPower Group International Holdings Limited has updated the market on the status of winding-up petitions filed against the company and its indirect wholly owned subsidiary, VPower Group Holdings Limited, in the High Court of Hong Kong. The petitio...
VPower Narrows Annual Loss as New Projects Advance and Myanmar JV Recovers
Apr 24, 2026
VPower Group International Holdings reported a 20.9% drop in revenue to HK$1.2 billion for 2025, with both its SI and IBO segments experiencing lower sales and a 29.7% decline in gross profit to HK$204.9 million. Despite the weaker topline, the lo...
VPower delays board meeting again as 2025 results lag, trading halt continues
Apr 15, 2026
VPower Group International Holdings has postponed the board meeting originally convened to consider and approve its 2025 annual results, rescheduling it to 24 April 2026. Trading in the company’s shares will remain suspended on the Hong Kong...
VPower Secures Extension to Offshore Debt Restructuring Agreement
Apr 2, 2026
VPower Group International Holdings Limited has secured an extension of its offshore debt restructuring timetable by signing a deed of extension and amendment with its lenders on 2 April 2026. The longstop date under the existing restructuring mas...
VPower delays 2025 results and triggers trading suspension in Hong Kong
Apr 1, 2026
VPower Group International Holdings Limited has announced it will delay publication of its audited annual results for the year ended 31 December 2025, as its auditors require more time and information to complete procedures, particularly around as...
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.