Dexin Services Group Ltd. (2215) AI Stock Analysis

• Market Cap: HK$243.24M
• Dividend Yield: N/A
• Average Volume (3M): 3.33K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.24
• Revenue Growth: -7.17%
• EPS Growth: -22.01%
• Country: HK
• Employees: 2,465
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.04
• Shares Outstanding: 917,881,000
• 10 Day Avg. Volume: 2,200
• 30 Day Avg. Volume: 3,333
• PEG Ratio: -0.70
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 1.04
• P/FCF Ratio: 96.75
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: HK$0.27 ▼(-6.90% Downside)

The score is driven primarily by mixed financial performance: balance-sheet strength is offset by declining revenue/profitability and weak cash flow. Technicals further weigh on the score due to a sustained downtrend and negative momentum. Valuation is a partial support with a low P/E, but lacks dividend data.

Positive Factors

Low Leverage / Strong Balance Sheet

Low leverage and a healthy equity ratio provide durable financial flexibility for a construction and real estate services firm. This reduces refinancing risk across cycles, supports bid capacity on large projects, and allows funding of working capital or capex without forcing dilutive equity moves.

Diversified Revenue Streams & Partnerships

A multi‑stream business model (construction, development, leasing, property management) plus partnerships with governments and private developers creates structural revenue diversification. Recurring property management fees smooth volatility from project timing and government ties improve medium‑term project visibility.

Stable EBITDA Margin

Sustained EBITDA margin indicates persistent underlying operational efficiency despite top‑line pressure. For a project‑based services company, stable EBITDA supports ongoing cash generation at the operating level, helping fund maintenance capex and modest strategic investments without reliance on external capital.

Negative Factors

Declining Revenue Trend

A multi‑percent revenue decline year‑over‑year signals weakening project wins or slower property sales, reducing scale benefits and pressuring fixed cost absorption. Over several quarters this can erode negotiating power with suppliers and clients, and constrain medium‑term growth prospects.

Weak Cash Conversion & Negative FCF Growth

Negative free cash flow growth and poor conversion of income to cash are structural concerns for a capital‑intensive services firm. Persistent weak cash generation limits reinvestment, heightens reliance on external funding for working capital, and raises liquidity risk during slower project cycles.

Falling Profitability Metrics & EPS

Declining gross and operating margins, coupled with negative EPS growth, point to margin compression from cost pressures or competitive pricing. Reduced profitability and lower ROE weaken returns to shareholders and limit internally generated capital for growth initiatives or balance sheet strengthening.

Dexin Services Group Ltd. Business Overview & Revenue Model

Company Description

Dexin Services Group Limited provides property management services in Zhejiang. The company offers property management services, such as security, cleaning, gardening, and repair and maintenance services to property developers, property owners, and residents. It serves residential properties and non-residential properties, including commercial complexes, office buildings, schools, hospitals, industrial properties, and municipal facilities. The company also provides property-related services, such as sales office management, preliminary planning and design consultancy, property inspection and repair, and commercial consulting services to property developers; and community value-added services, including smart community solutions, property sales and assistance services, common area value-added services, clubhouse services, home decoration services, and community retail and home services to property owners and residents, as well as environmental cleaning and commercial operation services. The company was founded in 2001 and is headquartered in Hangzhou, China. Dexin Services Group Limited is a subsidiary of Shengfu International Limited.

How the Company Makes Money

Dexin Services Group Ltd. generates revenue through multiple streams, primarily from its construction and engineering projects, which include contracts for public infrastructure and private sector developments. The company also earns income from real estate sales and leasing, as well as from property management services for residential and commercial properties. Significant partnerships with local governments and private developers enhance its project pipeline and revenue stability. Additionally, the firm may benefit from ancillary services related to construction, such as consultancy and maintenance, further diversifying its income sources.

Dexin Services Group Ltd. Financial Statement Overview

Summary

Dexin Services Group Ltd. shows mixed financial performance. The company has a strong balance sheet with low leverage, but faces declining revenue and profitability margins. Cash flow challenges are evident with negative free cash flow growth and low cash conversion ratios.

Income Statement

Dexin Services Group Ltd. has shown a declining trend in revenue with a negative growth rate in the TTM period. The gross profit margin has decreased over the years, indicating pressure on profitability. However, the company maintains a positive net profit margin and EBIT margin, although both have seen a decline compared to previous years. The EBITDA margin remains stable, suggesting some operational efficiency.

Balance Sheet

The company has a strong balance sheet with a low debt-to-equity ratio, indicating low leverage and financial stability. The equity ratio is healthy, reflecting a solid capital structure. However, the return on equity has decreased over the years, suggesting a decline in profitability relative to shareholder equity.

Cash Flow

Dexin Services Group Ltd. faces challenges with cash flow, as evidenced by negative free cash flow growth in the TTM period. The operating cash flow to net income ratio is very low, indicating potential issues in converting income to cash. The free cash flow to net income ratio is negative, highlighting cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	903.19M	933.42M	955.58M	958.60M	870.42M	692.32M
Gross Profit	180.48M	187.60M	226.04M	271.37M	299.08M	235.76M
EBITDA	74.95M	64.95M	96.12M	173.07M	157.27M	146.58M
Net Income	30.44M	38.47M	61.77M	122.02M	98.22M	97.19M
Balance Sheet
Total Assets	1.39B	1.34B	1.42B	1.31B	1.24B	444.94M
Cash, Cash Equivalents and Short-Term Investments	445.23M	1.26M	251.21M	478.28M	579.96M	232.75M
Total Debt	10.37M	17.18M	28.11M	57.22M	3.99M	7.06M
Total Liabilities	663.48M	650.87M	665.62M	533.69M	378.33M	356.51M
Stockholders Equity	714.86M	680.93M	742.77M	764.54M	835.66M	75.87M
Cash Flow
Free Cash Flow	-2.06M	10.00M	133.27M	-231.53M	-4.95M	250.28M
Operating Cash Flow	132.00K	12.95M	141.53M	-223.57M	3.13M	258.35M
Investing Cash Flow	58.12M	81.14M	-6.25M	85.79M	-390.94M	65.27M
Financing Cash Flow	-90.74M	-121.64M	-115.41M	-152.35M	658.58M	-199.16M

Dexin Services Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2215, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.37, and below the 200-day MA of 0.64, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 30.80 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2215.

Dexin Services Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1502	68 Neutral	HK$795.56M	6.69	8.63%	8.44%	16.65%	-8.74%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2270	64 Neutral	HK$2.46B	62.92	11.60%	―	21.08%	-18.26%
3662	63 Neutral	HK$305.02M	7.16	3.28%	6.60%	-14.43%	-77.55%
6093	62 Neutral	HK$420.00M	21.61	2.59%	―	3.93%	-71.60%
2215	58 Neutral	HK$243.24M	7.12	4.11%	―	-7.17%	-22.01%
6677	48 Neutral	HK$497.28M	-1.36	-17.20%	7.31%	-7.62%	-1151.82%