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$4.00
▼(-13.79% Downside)
Action:Reiterated
Date:06/19/26
The score is held back primarily by weakening financial performance (shrinking revenue, lower margins/ROE, and softer free cash flow) and bearish technical signals (price below key moving averages with negative MACD). A low P/E and ~5% dividend yield provide partial support, preventing a lower overall score.
Positive Factors
Market position & product portfolio
China Lesso's leadership in plastic piping and a wider building-materials portfolio anchor durable demand across construction, municipal and home-improvement channels. Scale and diversified solutions support repeat commercial contracts, distribution leverage and aftermarket services that sustain revenue streams over months.
Negative Factors
Declining revenue & profitability
Top-line decline and compressed net margin reflect weakening demand or reduced pricing power in core markets. Continued revenue contraction reduces internal funding for R&D and capex, increases leverage on fixed costs, and undermines sustainable profit growth over the next several months if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Market position & product portfolio
China Lesso's leadership in plastic piping and a wider building-materials portfolio anchor durable demand across construction, municipal and home-improvement channels. Scale and diversified solutions support repeat commercial contracts, distribution leverage and aftermarket services that sustain revenue streams over months.
Read all positive factors
China Lesso Group Holdings (2128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.16B
Dividend Yield4.22%
Average Volume (3M)6.95M
Price to Earnings (P/E)8.3
Beta (1Y)1.20
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)0.5
Revenue Forecast (FY)HK$25.80B
China Lesso Group Holdings Business Overview & Revenue Model
Company Description
China Lesso Group Holdings Limited is a global investment holding company engaged in the production and sale of a wide array of piping and building materials. Its product line features plumbing systems designed for residential, commercial, municip...
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
4.44
Negative
5.05
Negative
4.77
Negative
Market Momentum
-0.11
Positive
36.07
Neutral
33.69
Neutral
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 above the 20-day moving average (MA) of 4.24, above the 50-day MA of 4.44, and below the 200-day MA of 4.77, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 36.07 is Neutral, neither overbought nor oversold. The STOCH value of 33.69 is Neutral, 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$26.72B | 28.13 | 4.12% | 5.67% | -9.40% | 163.75% | |
53 Neutral | HK$12.16B | 8.32 | 5.15% | 4.22% | -10.04% | -25.52% | |
41 Neutral | HK$192.55M | -0.51 | 80.94% | ― | -13.39% | 34.49% |
* Industrials Sector Average
HK:2128
China Lesso Group Holdings
3.95
0.06
1.44%
HK:6865
Flat Glass Group Co
6.77
-0.83
-10.91%
HK:1592
Anchorstone Holdings Limited
0.13
-0.11
-44.58%
China Lesso Group Holdings Corporate Events
China Lesso Shareholders Approve All AGM Resolutions, Confirm New Executive Director and Final Dividend
May 28, 2026
China Lesso Group Holdings reported that all resolutions proposed at its 28 May 2026 annual general meeting were approved by shareholders via poll, with no shareholders required to abstain and broad participation across its 3.1 billion issued shar...
China Lesso Sets Out Board and Committee Structure
May 28, 2026
China Lesso Group Holdings has outlined the composition of its board of directors, naming Chairman Wong Luen Hei and Chief Executive Zuo Manlun among a slate of executive directors, alongside six independent non-executive directors led by Cheng Di...
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 ...
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.