Canggang Railway Limited (HK:2169)
:2169
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Canggang Railway Limited
(2169)
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Rating:53Neutral
Price Target:
HK$0.57
▼(-28.10% Downside)
Action:Reiterated
Date:05/08/26
The score is held up by solid accounting profitability and a manageable balance sheet, but is constrained by weak cash-flow quality (negative free cash flow in 2025), a clear downtrend in technicals (below major moving averages with negative MACD), and a high P/E with limited dividend support.
Positive Factors
Strong accounting profitability
Consistent net margins near 21% and an EBIT margin around 26% indicate durable operating profitability for a freight operator. Strong margins provide recurring earnings capacity to support maintenance, service debt and fund necessary investments, bolstering resilience over the medium term.
Negative Factors
Weak cash generation / negative free cash flow
Negative free cash flow in 2025 despite accounting profits indicates the business is consuming cash to fund capex or working capital. Persistent negative FCF increases reliance on external funding, constrains reinvestment and dividends, and raises refinancing and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong accounting profitability
Consistent net margins near 21% and an EBIT margin around 26% indicate durable operating profitability for a freight operator. Strong margins provide recurring earnings capacity to support maintenance, service debt and fund necessary investments, bolstering resilience over the medium term.
Read all positive factors
Canggang Railway Limited (2169) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.20B
Dividend Yield0.87%
Average Volume (3M)94.80M
Price to Earnings (P/E)26.6
Beta (1Y)0.84
Revenue Growth7.50%
EPS Growth2.55%
CountryHK
Employees648
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.02
Shares Outstanding4,000,000,000
10 Day Avg. Volume25,215,200
30 Day Avg. Volume94,803,853
Financial Highlights & Ratios
PEG Ratio23.99
Price to Book (P/B)3.48
Price to Sales (P/S)10.19
P/FCF Ratio-57.72
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
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 petro...
How the Company Makes Money
null...
Canggang Railway Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
71
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.16M | 258.93M | 349.05M | 333.43M | 355.99M |
| Gross Profit | 129.07M | 121.27M | 172.53M | 114.21M | 137.37M |
| EBITDA | 103.61M | 118.59M | 147.78M | 153.60M | 164.76M |
| Net Income | 57.88M | 56.46M | 58.98M | 68.08M | 77.39M |
Balance Sheet | |||||
| Total Assets | 1.47B | 1.37B | 1.33B | 1.32B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 108.09M | 155.99M | 112.39M | 193.80M | 160.79M |
| Total Debt | 533.21M | 521.77M | 492.76M | 457.41M | 373.61M |
| Total Liabilities | 627.68M | 567.55M | 550.90M | 530.35M | 477.48M |
| Stockholders Equity | 814.19M | 779.24M | 745.95M | 759.08M | 774.74M |
Cash Flow | |||||
| Free Cash Flow | -49.10M | 48.19M | -2.54M | 43.14M | 74.89M |
| Operating Cash Flow | 84.05M | 125.90M | 53.48M | 107.66M | 116.89M |
| Investing Cash Flow | -91.41M | -58.76M | -72.45M | -56.40M | -35.28M |
| Financing Cash Flow | -40.55M | -22.58M | -62.52M | -18.60M | -147.75M |
Canggang Railway Limited Technical Analysis
Negative
0.79
Price Trends
0.58
Negative
0.63
Negative
0.82
Negative
Market Momentum
>-0.01
Negative
43.09
Neutral
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2169, the sentiment is Negative. The current price of 0.79 is above the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.58, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.09 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2169.
Canggang Railway Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$23.26B | 6.03 | 5.43% | 3.48% | ― | ― | |
66 Neutral | HK$208.78B | 7.34 | 6.97% | 4.35% | -7.58% | -6.97% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$55.43B | 15.59 | 7.66% | 5.51% | 6.65% | 7.10% | |
63 Neutral | HK$73.45B | 17.07 | 9.76% | 4.07% | 16.42% | 14.43% | |
62 Neutral | HK$1.20B | 4.05 | 2.34% | 3.48% | 10.26% | 12.24% | |
53 Neutral | HK$2.20B | 26.62 | 7.07% | 0.87% | 7.50% | 2.55% |
* Industrials Sector Average
HK:2169
Canggang Railway Limited
0.55
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-61.54%
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0.54
18.20%
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37.95%
HK:0066
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Zhuzhou CRRC Times Electric Co
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31.06%
Canggang Railway Limited Corporate Events
Canggang Railway Sets 2026 AGM to Approve Accounts and Share Mandate
Apr 28, 2026
Canggang Railway Limited has called its annual general meeting for 17 June 2026 in Beijing, where shareholders will review and approve the audited financial statements and directors’ and auditors’ reports for the year ended 31 December...
Canggang Railway Lifts Revenue in 2025 but Scraps Final Dividend Amid Stable Profits
Mar 30, 2026
Canggang Railway Limited reported audited consolidated results for 2025 showing revenue rising to RMB278.2 million from RMB258.9 million a year earlier, while operating profit edged down slightly to RMB104.0 million and profit before tax slipped t...
Canggang Railway Outlines Board Composition and Committee Roles
Mar 30, 2026
Canggang Railway Limited has announced the current composition of its board of directors, naming Liu Yongliang as chairman and detailing the mix of executive, non-executive and independent non-executive directors. The company has also clarified th...
Canggang Railway Sets March 30 Board Meeting on 2025 Results and Dividend
Mar 18, 2026
Canggang Railway Limited has scheduled a board meeting for 30 March 2026 to review and approve its audited consolidated financial results for the year ended 31 December 2025. The board will also consider the potential recommendation of a final div...
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.