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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
(1635)
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Rating:54Neutral
Price Target:
HK$2.50
â–¼(-28.16% Downside)
Action:Reiterated
Date:05/04/26
The score is driven primarily by middling financial performance—revenue has recovered, but margins/returns are low and free-cash-flow consistency is weak. Technicals are a notable drag with the stock trading below major moving averages and negative MACD. Valuation is only moderate given a ~21x P/E and a relatively low dividend yield.
Positive Factors
Manageable leverage
Debt-to-equity improving over recent years supports financial flexibility typical of regulated utilities. Lower leverage reduces refinancing and interest-rate vulnerability, giving the company durable capacity to fund maintenance capex and service debt over the next several quarters while preserving operational stability.
Negative Factors
Low profitability and returns
Subdued margins and very low ROE point to limited value creation versus capital invested. Persistently low profitability reduces reinvestment capacity and shareholder returns, and leaves the business exposed to cost inflation or regulatory pressure that could erode already-thin returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Debt-to-equity improving over recent years supports financial flexibility typical of regulated utilities. Lower leverage reduces refinancing and interest-rate vulnerability, giving the company durable capacity to fund maintenance capex and service debt over the next several quarters while preserving operational stability.
Read all positive factors
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H (1635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.17B
Dividend Yield1.17%
Average Volume (3M)89.49M
Price to Earnings (P/E)46.5
Beta (1Y)1.30
Revenue Growth-3.75%
EPS Growth77.10%
CountryHK
Employees2,721
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.03
Shares Outstanding533,643,000
10 Day Avg. Volume84,469,429
30 Day Avg. Volume89,486,813
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.99
Price to Sales (P/S)1.44
P/FCF Ratio24.87
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
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Dazhong Public Utilities(Group) Co.,Ltd., an investment holding company, engages in pipeline gas supply and sewage treatment activities in the People's Republic of China. It operates through Gas and Energy, Wastewater Treatment, Public In...
How the Company Makes Money
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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.94B | 6.11B | 6.34B | 6.40B | 5.85B | 5.54B |
| Gross Profit | 751.87M | 945.19M | 963.91M | 1.01B | 838.79M | 935.95M |
| EBITDA | 385.18M | 1.19B | 1.07B | 1.05B | 378.08M | 1.18B |
| Net Income | 85.12M | 415.17M | 233.15M | 212.54M | ― | 303.36M |
Balance Sheet | ||||||
| Total Assets | 23.48B | 23.26B | 22.99B | 22.83B | 23.58B | 24.07B |
| Cash, Cash Equivalents and Short-Term Investments | 3.86B | 3.11B | 3.52B | 3.33B | 3.21B | 2.53B |
| Total Debt | 5.80B | 5.63B | 5.93B | 8.19B | 9.00B | 8.72B |
| Total Liabilities | 12.99B | 12.82B | 12.95B | 13.10B | 14.01B | 14.06B |
| Stockholders Equity | 8.89B | 8.89B | 8.55B | 8.32B | 8.24B | 8.72B |
Cash Flow | ||||||
| Free Cash Flow | 247.39M | 354.48M | -80.34M | 336.44M | 132.13M | 27.99M |
| Operating Cash Flow | 870.97M | 1.09B | 405.52M | 689.83M | 417.43M | 674.26M |
| Investing Cash Flow | -93.34M | -718.60M | 113.09M | 397.22M | 311.03M | -493.93M |
| Financing Cash Flow | -445.61M | -760.98M | -327.44M | -866.52M | 136.41M | -261.42M |
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Technical Analysis
Negative
3.48
Price Trends
2.84
Negative
3.06
Negative
3.29
Negative
Market Momentum
-0.19
Positive
17.89
Positive
5.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1635, the sentiment is Negative. The current price of 3.48 is above the 20-day moving average (MA) of 2.58, above the 50-day MA of 2.84, and above the 200-day MA of 3.29, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 17.89 is Positive, neither overbought nor oversold. The STOCH value of 5.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1635.
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$45.69B | 6.58 | 12.72% | 4.30% | 1.89% | -0.52% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$28.22B | 10.16 | 5.14% | 6.44% | -7.13% | -16.11% | |
58 Neutral | HK$33.25B | 9.46 | 8.10% | 4.43% | -4.81% | -13.88% | |
57 Neutral | HK$121.29B | 20.97 | 9.73% | 4.94% | -2.07% | -0.42% | |
55 Neutral | HK$10.83B | 6.56 | 6.35% | 6.38% | -1.89% | -5.33% | |
54 Neutral | HK$13.17B | 46.47 | 3.04% | 1.17% | -3.75% | 77.10% |
* Utilities Sector Average
HK:1635
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
2.26
0.20
9.87%
HK:0384
China Gas Holdings
5.18
-1.70
-24.74%
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China Resources Gas Group
14.66
-4.40
-23.06%
HK:0003
Hong Kong & China Gas Co
6.50
0.23
3.67%
HK:1083
Towngas China Co
2.95
-0.78
-20.89%
HK:2688
ENN Energy Holdings
40.46
-18.98
-31.93%
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Corporate Events
Shanghai Dazhong Public Utilities Shareholders Approve All Resolutions at 2025 AGM
Jun 17, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. reported that all resolutions proposed at its 2025 annual general meeting held on 17 June 2026 in Shanghai were duly approved by shareholders by way of poll. The onsite meeting complied with rele...
Shanghai Dazhong Public Utilities Sets Final Dividend and Outlines Tax Rules for Cross-Border Investors
Jun 17, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has approved a profit distribution plan for 2025 and will pay a final cash dividend of RMB0.5 for every 10 shares, with H-shareholders receiving payment in Hong Kong dollars based on a specified ...
Shanghai Dazhong Public Utilities Sets Out Board and Committee Structure
Jun 17, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has announced the current composition of its board of directors, which includes executive, non-executive and independent non-executive directors, led by chairman Yang Guoping. The company also de...
Shanghai Dazhong Public Utilities Sets Final 2025 Dividend and Tax Terms for H Shareholders
Jun 17, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has declared a final ordinary cash dividend of RMB 0.5 per 10 shares for the financial year ended 31 December 2025, with Hong Kong shareholders to receive HKD 0.575156 per 10 shares based on a sp...
Shanghai Dazhong Details Asset Valuation and Forecast for Connected Lease Deal
Jun 5, 2026
Shanghai Dazhong Public Utilities has issued a supplemental announcement on previously disclosed connected and continuing connected transactions involving an ownership transfer agreement and a finance lease contract. The company provided unaudited...
Shanghai Dazhong Public Utilities Sets Wide-Ranging Agenda for 2025 AGM
May 13, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has convened its 2025 annual general meeting for 17 June 2026 in Shanghai, setting out a broad agenda spanning operational, financial, and governance matters. Shareholders will review the 2025 bo...
Shanghai Dazhong Public Utilities Sets 2025 Final Dividend and Updates Withholding Tax Rules
May 13, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.5 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval on 17 June 2026. The Hong Kong dollar equivalen...
Shanghai Dazhong Public Utilities Q1 2026 Profit Slumps Despite Flat Revenue
Apr 29, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd., a Hong Kong-listed Chinese public utilities provider, reported largely stable top-line performance for the first quarter of 2026. The company remains focused on delivering core public services i...
Shanghai Dazhong Public Utilities Sets Up Connected Sale-and-Leaseback Deal
Apr 29, 2026
Shanghai Dazhong Public Utilities’ subsidiary Dazhong Financial Leasing has agreed to acquire certain assets from substantial shareholder Dazhong Business Management for RMB59 million, based on a valuation above their net book value. The ass...
Shanghai Dazhong Public Utilities Announces Board Change and New INED Candidate
Apr 29, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced that independent non-executive director Liu Feng will retire from the board in June 2026 at the end of the Twelfth Session, after declining nomination for re-election due to personal wo...
Shanghai Dazhong Public Utilities Sets April Board Meeting to Approve Q1 2026 Results
Apr 17, 2026
Shanghai Dazhong Public Utilities (Group) has scheduled a board meeting for 29 April 2026 to review and approve the group’s first-quarter results for the period ended 31 March 2026. The meeting will also address the publication of these resu...
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.