Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H (HK:1635)
:1635
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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
(1635)
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Rating:54Neutral
Price Target:
HK$3.00
▼(-13.79% 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
Revenue Recovery
A sustained top-line rebound (+18.7% TTM) indicates recovering end-market demand and improved utilization of the company’s regulated gas network. Over 2–6 months this supports steadier cash inflows and gives management room to focus on margin restoration and capex normalization rather than purely demand reacceleration.
Negative Factors
Low Profitability
Subdued profitability (net margin ~4.4%, ROE ~3.0% TTM) indicates limited ability to generate returns above cost of capital. Over the medium term this constrains reinvestment, dividend growth and value creation, making the company sensitive to tariff resets, cost inflation, or volume declines in the regulated gas market.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A sustained top-line rebound (+18.7% TTM) indicates recovering end-market demand and improved utilization of the company’s regulated gas network. Over 2–6 months this supports steadier cash inflows and gives management room to focus on margin restoration and capex normalization rather than purely demand reacceleration.
Read all positive factors
Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H (1635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.06B
Dividend Yield1.17%
Average Volume (3M)89.49M
Price to Earnings (P/E)34.4
Beta (1Y)1.22
Revenue Growth-3.75%
EPS Growth77.10%
CountryHK
Employees2,803
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 the piped gas supply and wastewater treatment activities in the People's Republic of China. The company operates four segments: Piped Gas Supply; Wastew...
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
Neutral
3.48
Price Trends
3.28
Negative
3.30
Negative
3.33
Negative
Market Momentum
-0.04
Negative
50.56
Neutral
47.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1635, the sentiment is Neutral. The current price of 3.48 is above the 20-day moving average (MA) of 3.08, above the 50-day MA of 3.28, and above the 200-day MA of 3.33, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 47.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | HK$1.47B | 11.99 | 9.15% | 6.91% | -9.54% | 1.70% | |
55 Neutral | HK$12.89B | 4.28 | 6.35% | 6.38% | -1.89% | -5.33% | |
54 Neutral | HK$17.06B | 34.41 | 3.04% | 1.17% | -3.75% | 77.10% | |
54 Neutral | HK$2.70B | 77.75 | 0.68% | 4.94% | 1.97% | -87.86% | |
45 Neutral | HK$7.89B | 30.75 | 2.04% | 0.71% | -7.63% | 71.13% | |
45 Neutral | HK$316.36M | -6.86 | -3.86% | ― | -0.17% | 4.76% |
* Utilities Sector Average
HK:1635
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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H Corporate Events
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...
Shanghai Dazhong Public Utilities Moves to Re-elect Unchanged Board Line-up
Mar 30, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has proposed that its Thirteenth Session Board of Directors retain the same nine-member line-up as the current Twelfth Session, with three executive, two non-executive and four independent non-ex...
Shanghai Dazhong Public Utilities Proposes 2025 Final Dividend for H-Shareholders
Mar 30, 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 at a meeting scheduled for 17 June 2026. Key de...
Shanghai Dazhong Public Utilities to Record RMB33 Million Asset Impairments in 2025
Mar 30, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has announced plans to recognize significant asset impairments and asset disposals in its 2025 financial statements to more accurately reflect its financial position and operating results. The gr...
Shanghai Dazhong Public Utilities Releases Audited 2025 Annual Results
Mar 30, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd., a PRC-incorporated joint stock company engaged in public utilities and listed in Hong Kong, has disclosed its audited financial results for the year ended 31 December 2025. The company, traded u...
Shanghai Dazhong Sets March 30 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd. has scheduled a board meeting for March 30, 2026, to review and approve the consolidated annual results for the year ended December 31, 2025. The board will also consider proposing a final divide...
Shanghai Dazhong Public Utilities Signs Connected LPG Delivery Deal in Qingpu
Feb 11, 2026
Shanghai Dazhong Public Utilities (Group) Co., Ltd., through its subsidiary Shanghai Dazhong Run Logistics Delivery, is deepening its role in Shanghai’s gas logistics market by handling delivery and drayage of LPG cylinders in Qingpu Distric...
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.