China Lesso Group Holdings Limited (HK:2128)
:2128
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China Lesso Group Holdings
(2128)
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Rating:53Neutral
Price Target:
HK$4.50
▼(-3.02% Downside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by weakening fundamentals (contracting revenue, lower net margin and ROE, and declining/less consistent free cash flow) alongside only neutral-to-soft technical signals (negative MACD). A reasonable P/E and a ~3.8% dividend yield provide partial support, but not enough to offset the deteriorating recent financial trajectory.
Positive Factors
Margin resilience
Sustained gross and EBITDA margins near 27% and 20% provide a durable profitability buffer versus peers. Strong underlying margins support cash generation and reinvestment capacity, helping the business absorb revenue volatility and maintain core operations over the medium term.
Negative Factors
Revenue contraction
An 8.7% revenue decline in 2025 signals weakening underlying demand or pricing pressure. Sustained top-line contraction undermines operating leverage, reduces room for fixed-cost absorption and makes it harder to restore prior growth and margins without structural changes to sales or product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin resilience
Sustained gross and EBITDA margins near 27% and 20% provide a durable profitability buffer versus peers. Strong underlying margins support cash generation and reinvestment capacity, helping the business absorb revenue volatility and maintain core operations over the medium term.
Read all positive factors
China Lesso Group Holdings (2128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.95B
Dividend Yield4.22%
Average Volume (3M)6.95M
Price to Earnings (P/E)10.2
Beta (1Y)1.24
Revenue Growth-10.04%
EPS Growth-25.52%
CountryHK
Employees20,400
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.41
Shares Outstanding3,102,418,500
10 Day Avg. Volume6,820,219
30 Day Avg. Volume6,954,954
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.52
Price to Sales (P/S)0.53
P/FCF Ratio8.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.18Price Target Upside33.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.52
Revenue Forecast (FY)HK$25.91B
China Lesso Group Holdings Business Overview & Revenue Model
Company Description
China Lesso Group Holdings Limited, an investment holding company, manufactures and sells piping and building materials in China and internationally. The company offers piping systems for civil buildings, municipal engineering, home decoration, an...
How the Company Makes Money
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China Lesso Group Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.31B | 27.03B | 30.87B | 30.77B | 32.06B |
| Gross Profit | 6.64B | 7.19B | 8.12B | 8.35B | 8.12B |
| EBITDA | 4.91B | 5.44B | 5.61B | 5.79B | 5.72B |
| Net Income | 1.26B | 1.68B | 2.37B | 2.52B | 3.04B |
Balance Sheet | |||||
| Total Assets | 57.37B | 58.33B | 60.03B | 58.95B | 54.48B |
| Cash, Cash Equivalents and Short-Term Investments | 6.57B | 6.64B | 5.17B | 6.40B | 7.00B |
| Total Debt | 22.93B | 19.65B | 20.70B | 20.61B | 18.28B |
| Total Liabilities | 32.20B | 33.91B | 35.72B | 36.36B | 32.68B |
| Stockholders Equity | 24.65B | 23.84B | 23.50B | 21.79B | 20.77B |
Cash Flow | |||||
| Free Cash Flow | 1.58B | 2.00B | 2.49B | 1.26B | 1.91B |
| Operating Cash Flow | 3.65B | 3.75B | 6.70B | 4.57B | 5.17B |
| Investing Cash Flow | -1.54B | -1.71B | -4.25B | -4.55B | -5.49B |
| Financing Cash Flow | -2.23B | -1.95B | -3.04B | -504.40M | 87.18M |
China Lesso Group Holdings Technical Analysis
Negative
4.64
Price Trends
5.09
Negative
5.34
Negative
5.03
Negative
Market Momentum
-0.12
Positive
37.21
Neutral
11.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2128, the sentiment is Negative. The current price of 4.64 is below the 20-day moving average (MA) of 4.77, below the 50-day MA of 5.09, and below the 200-day MA of 5.03, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of 11.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2128.
China Lesso Group Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$30.87B | 116.39 | 4.12% | 5.67% | -9.40% | 163.75% | |
53 Neutral | HK$13.95B | 10.17 | 5.14% | 4.22% | -10.04% | -25.52% | |
48 Neutral | HK$516.00M | -109.62 | -9.63% | ― | -38.08% | 32.95% | |
44 Neutral | HK$301.00M | -1.53 | -21.28% | ― | -23.68% | 35.58% | |
41 Neutral | HK$4.88B | -1.47 | -24.93% | ― | -23.80% | -59.69% | |
41 Neutral | HK$196.80M | -105.07 | -34.09% | ― | -38.13% | -74.92% |
* Industrials Sector Average
HK:2128
China Lesso Group Holdings
4.52
0.86
23.50%
HK:6865
Flat Glass Group Co
7.99
-0.46
-5.47%
HK:1108
Triumph New Energy Company
3.18
-0.47
-12.88%
HK:0713
World Houseware (Holdings)
0.38
-0.12
-24.00%
HK:1796
Yield Go Holdings Ltd.
0.38
-1.37
-78.29%
HK:8349
Yunhong Guixin Group Holdings Limited
1.29
-1.03
-44.40%
China Lesso Group Holdings Corporate Events
China Lesso Sets 2026 AGM to Approve Dividend, Board Changes and New Share Mandate
Apr 29, 2026
China Lesso Group Holdings has called its annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK20 cents ...
China Lesso to Overhaul Corporate Charter to Meet New Hong Kong Listing Rules
Mar 30, 2026
China Lesso Group Holdings plans to amend and fully restate its memorandum and articles of association to align its governance framework with recent changes to Hong Kong listing regulations. The new constitutional documents will replace the existi...
China Lesso Profit Drops on Lower Revenue but Maintains Dividend Payout
Mar 30, 2026
China Lesso Group Holdings Limited, a Hong Kong-listed building materials and plastic piping producer, operates across construction and infrastructure markets in China and abroad. It generates revenue mainly from manufacturing and selling piping s...
China Lesso Declares Final HKD 0.20 Dividend for 2025
Mar 30, 2026
China Lesso Group Holdings has declared a final ordinary dividend of HKD 0.20 per share for the financial year ended 31 December 2025, underscoring its intent to return cash to shareholders. The dividend, subject to shareholder approval on 28 May ...
China Lesso secures up to US$200 million loan tied to controlling shareholder stake
Mar 30, 2026
China Lesso Group Holdings has entered into a new facility agreement under which its wholly owned unit China Lesso Finance secured term loan and revolving credit facilities totaling the equivalent of US$165 million, with an option to increase the ...
China Lesso Sets March Board Meeting to Approve 2025 Results and Mull Dividend
Mar 17, 2026
China Lesso Group Holdings has scheduled a board meeting for 30 March 2026 to consider the audited profit and loss results for the financial year ended 31 December 2025. The board will also decide whether to declare, recommend or pay a dividend, a...
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.