VPower Group International Holdings Limited (HK:1608)
:1608
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VPower Group International Holdings Limited
(1608)
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Rating:40Underperform
Price Target:
HK$0.05
▼(-67.86% Downside)
Action:Downgraded
Date:05/20/26
The score is driven primarily by weak financial performance (ongoing losses, elevated leverage, and a sharp 2025 cash flow reversal). Technical indicators add further pressure with a clear downtrend and deeply oversold momentum. Valuation provides limited support because losses make the P/E uninformative and there is no dividend yield data.
Positive Factors
Diversified business model (generation + services)
VPower combines owned distributed generation projects with EPC and O&M services, creating multiple revenue streams. This mix gives durable resilience: contracted generation yields recurring cash, while project and service fees offer higher-margin, scalable work that supports revenue stability across project cycles.
Negative Factors
Sustained loss-making and weak profitability
Ongoing operating losses and negative net margins constrain internal funding for new projects and maintenance, erode equity, and weaken the firm’s ability to build reserve capacity. Persistent unprofitability heightens execution risk and can force reliance on external capital over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model (generation + services)
VPower combines owned distributed generation projects with EPC and O&M services, creating multiple revenue streams. This mix gives durable resilience: contracted generation yields recurring cash, while project and service fees offer higher-margin, scalable work that supports revenue stability across project cycles.
Read all positive factors
VPower Group International Holdings Limited (1608) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$367.05M
Dividend YieldN/A
Average Volume (3M)222.06K
Price to Earnings (P/E)―
Beta (1Y)0.17
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, an investment holding company, designs, integrates, sells, and installs gas-fired and diesel-fired gen-sets and power generation systems in Hong Kong, Macau, Mainland China, other Asian countries, Latin...
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
0.11
Negative
0.12
Negative
0.18
Negative
Market Momentum
-0.01
Positive
19.15
Positive
10.84
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 0.10, above the 50-day MA of 0.11, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 19.15 is Positive, neither overbought nor oversold. The STOCH value of 10.84 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$2.28T | 29.45 | 22.82% | 0.21% | 30.08% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$52.57B | ― | 1.78% | ― | 60.41% | 150.51% | |
52 Neutral | HK$1.41B | -2.34 | -3.73% | 6.40% | -34.79% | -130.42% | |
51 Neutral | HK$455.61M | -1.78 | -16.83% | ― | -15.04% | 71.02% | |
43 Neutral | HK$190.98M | -18.54 | -6.19% | ― | 5.07% | 28.18% | |
40 Underperform | HK$367.05M | -1.04 | -4.59% | ― | -20.90% | 13.47% |
* Industrials Sector Average
HK:1608
VPower Group International Holdings Limited
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VPower Group International Holdings Limited Corporate Events
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...
VPower Group Delays Board Meeting to Finalize 2025 Annual Results
Mar 25, 2026
VPower Group International Holdings Limited has announced a change in the scheduled date of its board meeting, which was originally set for 26 March 2026. The company is taking additional time to finalize its audited financial results for the year...
VPower Group Sets March 2026 Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
VPower Group International Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results for the financial year ended 31 December 2025 and to authorize their publication. The board will also consider whe...
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.