Dexin Services Group Ltd. (2215) AI Stock Analysis

• Market Cap: HK$624.16M
• Dividend Yield: N/A
• Average Volume (3M): 10.00K
• Price to Earnings (P/E): 17.4
• Beta (1Y): 0.18
• Revenue Growth: -4.12%
• EPS Growth: -38.34%
• Country: HK
• Employees: 2,465
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Services
• EPS (TTM): 0.04
• Shares Outstanding: 917,881,000
• 10 Day Avg. Volume: 1,400
• 30 Day Avg. Volume: 10,000
• PEG Ratio: 0.00
• Price to Book (P/B): 3.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.04
• 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: 61 Neutral
• Price Target: HK$1.00 ▲(28.21%Upside)

The stock's overall score reflects its solid financial stability and cash flow resilience, despite declining profitability margins. Technical indicators suggest bearish momentum, with trading below key moving averages and low RSI and stochastic readings. Valuation is moderate, but the lack of a dividend yield limits its appeal as an income stock.

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 its diverse service offerings in the property management sector. The company's primary revenue streams include property management fees, which are charged for managing residential and commercial properties, and community service fees, which are derived from providing various community-related services. Additionally, Dexin Services Group Ltd. earns income from value-added services, which include consultancy and advisory services, as well as specialized solutions tailored to meet the unique needs of property owners and occupants. Strategic partnerships with property developers and real estate firms contribute to the company's earnings by expanding its client base and enhancing its service offerings.

Dexin Services Group Ltd. Financial Statement Overview

Summary

Dexin Services Group Ltd. has demonstrated resilience in maintaining positive cash flows and a strong equity base amidst declining profitability margins. While revenue and profitability have faced challenges, the company's balance sheet remains robust, with improved equity ratios and managed leverage. The cash flow position is sound, but the company faces challenges in maintaining revenue growth and profitability, which could impact future financial performance.

Income Statement

The company's revenue has shown fluctuations over the years with a slight decline in the most recent year. Gross profit margin has decreased from 28.6% in 2020 to 20.1% in 2024, indicating pressure on cost management or pricing power. The net profit margin also decreased from 14.0% in 2020 to 4.1% in 2024, reflecting challenges in maintaining profitability. Despite these pressures, the company has maintained a positive EBIT and EBITDA margin, though both have decreased over time.

Balance Sheet

The company has a strong equity base, with an equity ratio improving from 17.1% in 2019 to 50.8% in 2024, indicating increased financial stability. However, the debt-to-equity ratio has worsened slightly from 0.22 in 2019 to 0.03 in 2024, suggesting better leverage management. The return on equity has declined significantly, from 32.8% in 2020 to 5.6% in 2024, indicating reduced profitability for shareholders.

Cash Flow

The company has demonstrated a strong operating cash flow in the past, with fluctuations in recent years. The operating cash flow to net income ratio has decreased, suggesting that cash generation efficiency has declined. However, the free cash flow has remained positive, indicating that the company still generates sufficient cash post capital expenditures. Despite a decrease in free cash flow growth in recent years, the company is still generating positive cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	970.79M	933.42M	955.58M	958.60M	870.42M	692.32M
Gross Profit	198.40M	187.60M	226.04M	271.37M	299.08M	235.76M
EBITDA	67.82M	64.95M	96.12M	173.07M	157.27M	146.58M
Net Income	40.92M	38.47M	61.77M	122.02M	98.22M	97.19M
Balance Sheet
Total Assets	1.51B	1.34B	1.42B	1.31B	1.24B	444.94M
Cash, Cash Equivalents and Short-Term Investments	471.57M	1.26M	501.21M	2.11M	499.98M	232.75M
Total Debt	29.11M	17.18M	28.11M	57.22M	3.99M	5.55M
Total Liabilities	746.53M	650.87M	665.62M	533.69M	378.33M	356.51M
Stockholders Equity	749.66M	680.93M	742.77M	764.54M	835.66M	75.87M
Cash Flow
Free Cash Flow	64.45M	10.00M	133.27M	-231.53M	-5.89M	250.28M
Operating Cash Flow	70.40M	12.95M	141.53M	-223.57M	3.13M	258.35M
Investing Cash Flow	5.80M	81.14M	-6.25M	85.79M	-140.33M	65.27M
Financing Cash Flow	-70.92M	-121.64M	-115.41M	-152.35M	407.97M	-199.16M

Dexin Services Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2215, the sentiment is Neutral. The current price of 0.78 is below the 20-day moving average (MA) of 0.78, below the 50-day MA of 0.81, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 57.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	74 Outperform	HK$870.25M	6.92	9.14%	7.35%	13.57%	-11.39%
6093	67 Neutral	HK$716.80M	11.87	7.83%	―	1.96%	-32.15%
3662	67 Neutral	HK$392.18M	3.76	8.37%	5.31%	-14.98%	-39.71%
6677	66 Neutral	HK$639.36M	20.38	1.38%	10.15%	-11.10%	-40.00%
2270	64 Neutral	HK$980.01M	22.95	12.90%	―	31.21%	1.00%
Sector *	63 Neutral	$6.92B	18.42	-1.93%	6.88%	4.65%	-25.39%
2215	61 Neutral	HK$624.16M	17.45	5.41%	―	-4.12%	-38.34%

Dexin Services Group Ltd. Corporate Events

Dexin Services Group Announces Changes in Nomination Committee

Dexin Services Group Limited has announced changes in the composition of its Nomination Committee in response to the amended Corporate Governance Code and listing rules effective from July 2025. Ms. Zheng Peng has been appointed as a member, while Mr. Hu Yiping has stepped down as chairman and member, with Dr. Wong Wing Kuen Albert taking over as chairman. These changes aim to align with updated governance standards, potentially impacting the company’s governance structure and stakeholder confidence.

Dexin Services Group Announces Board Composition and Roles

Dexin Services Group Limited has announced the composition of its board of directors and their respective roles within the company. The board includes both executive and independent non-executive directors, with specific members assigned to key committees such as the Audit, Remuneration, and Nomination Committees. This announcement highlights the company’s governance structure, which is crucial for maintaining transparency and accountability, potentially impacting stakeholder confidence and the company’s strategic direction.

Dexin Services Group Establishes Nomination Committee Guidelines

Dexin Services Group Limited has outlined the terms of reference for its Nomination Committee, which is established by the company’s board of directors. The committee is primarily composed of independent non-executive directors and is responsible for overseeing the nomination process within the company. The announcement highlights the committee’s structure, meeting protocols, and decision-making processes, emphasizing the inclusion of diverse gender representation and the flexibility of meeting attendance through electronic means. This move is likely aimed at enhancing governance and ensuring a robust nomination process, which could positively impact the company’s strategic direction and stakeholder confidence.

Dexin Services Group Establishes Remuneration Committee for Enhanced Governance

Dexin Services Group Limited has outlined the terms of reference for its Remuneration Committee, which is to be comprised mainly of independent non-executive directors. The committee will be chaired by an independent non-executive director and is responsible for meeting at least once a year, with resolutions requiring a majority vote to pass. The establishment of this committee aims to enhance governance and ensure fair remuneration practices within the company.

Dexin Services Group Ltd. AGM Resolutions Unanimously Passed

Dexin Services Group Ltd. announced that all ordinary resolutions proposed at their Annual General Meeting held on May 29, 2025, were unanimously passed by shareholders. Key resolutions included the adoption of audited financial statements, re-election of executive directors, authorization of board remuneration, re-appointment of auditors, and granting of mandates for share issuance and buybacks. This unanimous approval reflects strong shareholder support and may positively impact the company’s governance and operational strategies.

Dexin Services Group Ltd. Announces 2025 Annual General Meeting

Dexin Services Group Ltd. has announced its upcoming annual general meeting scheduled for May 29, 2025, in Zhejiang Province, China. Key agenda items include the adoption of the audited financial statements for 2024, re-election of directors, re-appointment of the auditor, and authorization for the board to manage share allotments. These resolutions aim to ensure continued governance and operational efficiency, impacting the company’s strategic positioning and shareholder interests.