Canggang Railway Limited (2169) AI Stock Analysis

• Market Cap: HK$6.04B
• Dividend Yield: 0.43%
• Average Volume (3M): 3.89M
• Price to Earnings (P/E): 95.0
• Beta (1Y): 0.56
• Revenue Growth: -27.29%
• EPS Growth: -5.99%
• Country: HK
• Employees: 648
• Sector: Industrials
• Sector Strength: 94
• Industry: Railroads
• EPS (TTM): 0.01
• Shares Outstanding: 4,000,000,000
• 10 Day Avg. Volume: 3,891,800
• 30 Day Avg. Volume: 3,887,466
• PEG Ratio: 20.56
• Price to Book (P/B): 6.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 70.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: ―

Canggang Railway Limited faces significant challenges with declining revenue and cash flow issues. The high P/E ratio suggests overvaluation, and technical indicators point to lackluster momentum. These factors overshadow the stable balance sheet and operational efficiency, resulting in a lower overall score.

Canggang Railway Limited Business Overview & Revenue Model

Company Description

Canggang Railway Limited operates freight railway and railway yards in Hebei Province. The company provides rail freight transportation services through the Canggang Railway Line, which transports a range of cargo, primarily coal, as well as petroleum, ore, and other cargo, including PVC, asphalt, gravel, bauxite, and chemicals between Cangzhou and Port Huanghua. It also offers ancillary services comprising loading and unloading, as well as road freight transportation services. In addition, the company provides construction, maintenance, and repair services, primarily include the operation, repair, and maintenance of special service lines and railway roadbed and other railway facility construction. Further, it offers additional ancillary services, principally covering car arrival, freight agency, antifreeze treatment, and scattering prevention of coal services; and coal filtering services, as well as logistics agency services. Canggang Railway Limited was founded in 2009 and is headquartered in Cangzhou, China.

How the Company Makes Money

Canggang Railway Limited generates revenue primarily through the operation of its railway services. The key revenue streams for the company include ticket sales from passenger services, freight charges for the transportation of goods, and ancillary services related to railway operations. The company may also engage in partnerships with local governments or other transportation entities to expand its network and improve service offerings. Additionally, Canggang Railway Limited could benefit from subsidies or financial support intended to promote infrastructure development and public transportation efficiency.

Canggang Railway Limited Financial Statement Overview

Summary

Canggang Railway Limited shows strong operational margins but faces challenges with declining revenue and profitability. The balance sheet is stable with prudent financial leverage, yet cash flow difficulties highlight liquidity risks.

Income Statement

The company shows a consistent gross profit margin around 47% over the years. However, net profit margins have declined slightly from 19.5% in 2020 to 21.8% in 2023, reflecting a decrease in overall profitability. Revenue has fluctuated, with a recent decline from 2020 to 2024, which could indicate market challenges or operational inefficiencies. EBIT and EBITDA margins remain strong, supporting operational efficiency.

Balance Sheet

Canggang Railway Limited has a manageable debt-to-equity ratio of 0.67 in 2023, demonstrating prudent financial leverage. Return on Equity (ROE) decreased from 8.6% in 2021 to 7.6% in 2023, suggesting declining profitability for shareholders. The equity ratio is stable, indicating a healthy proportion of assets financed by equity, which enhances financial stability.

Cash Flow

The cash flow statement reveals a concerning trend with a negative free cash flow in 2023, following a decline from positive figures in previous years. Operating cash flow to net income ratio is unstable, reflecting potential challenges in converting revenue into cash. The absence of free cash flow growth and the volatility in cash flows raise concerns about liquidity and cash management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
258.93M	349.05M	333.43M	355.99M	361.47M
	Gross Profit
121.27M	172.53M	114.21M	137.37M	150.87M
	EBIT
106.25M	109.55M	116.38M	128.08M	116.81M
	EBITDA
118.59M	147.78M	153.60M	164.76M	152.52M
	Net Income Common Stockholders
56.46M	58.98M	68.08M	77.39M	63.65M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
155.99M	112.39M	193.80M	160.79M	227.14M
	Total Assets
1.37B	1.33B	1.32B	1.28B	1.32B
	Total Debt
521.77M	492.76M	457.41M	373.61M	455.24M
	Net Debt
365.77M	380.36M	263.61M	212.82M	228.09M
	Total Liabilities
567.55M	550.90M	530.35M	477.48M	549.34M
	Stockholders Equity
779.24M	745.95M	759.08M	774.74M	740.26M
Cash Flow		Free Cash Flow
0.00	-2.54M	43.14M	74.89M	141.82M
	Operating Cash Flow
0.00	53.48M	107.66M	116.89M	161.12M
	Investing Cash Flow
0.00	-72.45M	-56.40M	-35.28M	-20.59M
	Financing Cash Flow
0.00	-62.52M	-18.60M	-147.75M	56.92M

Canggang Railway Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2169, the sentiment is Positive. The current price of 1.52 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.37, and above the 200-day MA of 1.18, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 59.72 is Neutral, neither overbought nor oversold. The STOCH value of 21.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2169.

Canggang Railway Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HSBA	82 Outperform	£153.84B	10.30	10.86%	5.83%	-3.40%	-7.51%
Sector *	66 Neutral	$4.48B	12.24	5.32%	248.54%	4.09%	-12.10%
2169	48 Neutral	HK$6.04B	94.97	7.42%	0.43%	-27.29%	-5.99%
CNICF		$16.95B	6.87	5.84%	2.95%	―	―
HKXCF		$63.77B	35.10	27.96%	2.35%	―	―
SHWGF		$3.24B	11.32	8.95%	3.65%	―	―
1522	73 Outperform	HK$618.66M	3.69	6.11%	8.47%	1.20%	-3.85%

Canggang Railway Limited Corporate Events

Canggang Railway Limited Announces AGM and Key Resolutions

Canggang Railway Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 18, 2025, in Beijing, China. Key agenda items include the approval of the 2024 financial statements, a final dividend declaration, re-election of directors, and the re-appointment of auditors. Additionally, the company seeks shareholder approval to authorize the board to issue new shares, not exceeding 20% of the current issued shares, which could impact the company’s capital structure and market positioning.

Canggang Railway Announces Revised Final Dividend for 2024

Canggang Railway Limited has announced a revised final cash dividend for the year ending December 31, 2024. The dividend, set at RMB 0.006 per share, will be paid on July 9, 2025, following shareholder approval on June 18, 2025. This announcement includes a correction to the ex-dividend date, now set for June 20, 2025. The update may impact the company’s financial planning and shareholder returns, reflecting its ongoing commitment to providing value to its investors.

Canggang Railway Limited Reports 2024 Financial Results with Stable Profits Amid Revenue Decline

Canggang Railway Limited announced its audited financial results for the year ended December 31, 2024, showing a decline in revenue from RMB 349,048,000 in 2023 to RMB 258,934,000 in 2024. Despite the decrease in revenue, the company maintained a stable operating profit and recommended a final dividend of RMB 0.6 cent per share, indicating a commitment to shareholder returns.

Canggang Railway Limited Announces Final Dividend for 2024

Canggang Railway Limited has announced a final cash dividend of RMB 0.006 per share for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on June 18, 2025, with the ex-dividend date set for June 22, 2025, and payment expected on July 9, 2025. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders.

Canggang Railway to Review 2024 Financial Results and Dividend

Canggang Railway Limited has announced that its board of directors will meet on March 26, 2025, to approve the audited financial results for the year ending December 31, 2024, and to consider a final dividend payment. This meeting is significant as it will provide insights into the company’s financial health and potential returns for shareholders.