Wison Engineering Services Co., Ltd. (HK:2236)
:2236
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Wison Engineering Services Co., Ltd.
(2236)
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Rating:59Neutral
Price Target:
HK$0.54
▲(46.76% Upside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by uneven financial performance, especially the sharp 2025 revenue drop and highly volatile cash flow. Offsetting this, technicals are supportive with price above major moving averages and positive MACD, and valuation appears relatively modest with a ~9.1 P/E.
Positive Factors
Profitability recovery
The company returned to net profitability in 2024 and stayed profitable in 2025, signalling operational stabilization after multi-year losses. Sustained positive net income supports reinvestment, credit access and reduces reliance on external equity over a multi-quarter horizon.
Negative Factors
Severe top-line volatility
A ~73% YoY revenue decline in 2025 highlights unstable contract flow and order execution risk. Such large top-line swings impair forecasting, underutilize fixed capacity and make multi-quarter earnings predictability and backlog visibility weak for investors and management planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The company returned to net profitability in 2024 and stayed profitable in 2025, signalling operational stabilization after multi-year losses. Sustained positive net income supports reinvestment, credit access and reduces reliance on external equity over a multi-quarter horizon.
Read all positive factors
Wison Engineering Services Co., Ltd. (2236) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.33B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)4.7
Beta (1Y)0.89
Revenue Growth34.71%
EPS Growth0.53%
CountryHK
Employees1,867
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.04
Shares Outstanding4,079,246,800
10 Day Avg. Volume836,400
30 Day Avg. Volume1,291,066
Financial Highlights & Ratios
PEG Ratio15.45
Price to Book (P/B)0.44
Price to Sales (P/S)0.17
P/FCF Ratio-1.31
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
Wison Engineering Services Co., Ltd. Business Overview & Revenue Model
Company Description
Wison Engineering Services Co. Ltd., an investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, and internationally. The company operates i...
How the Company Makes Money
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Wison Engineering Services Co., Ltd. Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.41B | 5.65B | 3.84B | 4.66B | 6.28B |
| Gross Profit | 591.47M | 445.22M | 227.20M | -208.30M | 458.80M |
| EBITDA | 324.62M | -966.81M | -13.04M | -982.04M | -138.10M |
| Net Income | 138.71M | 141.63M | -196.12M | -1.19B | -92.61M |
Balance Sheet | |||||
| Total Assets | 10.13B | 12.29B | 9.46B | 8.94B | 10.10B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 4.07B | 1.14B | 750.88M | 1.01B |
| Total Debt | 903.61M | 1.12B | 1.12B | 1.22B | 1.19B |
| Total Liabilities | 7.27B | 9.64B | 7.01B | 6.37B | 6.45B |
| Stockholders Equity | 2.88B | 2.67B | 2.46B | 2.59B | 3.65B |
Cash Flow | |||||
| Free Cash Flow | -966.22M | 3.06B | 628.81M | -598.64M | 226.57M |
| Operating Cash Flow | -958.79M | 3.08B | 651.54M | -594.91M | 256.48M |
| Investing Cash Flow | 335.45M | -703.68M | -10.57M | 39.77M | -4.39M |
| Financing Cash Flow | -185.80M | -51.51M | -163.98M | -2.77M | 217.29M |
Wison Engineering Services Co., Ltd. Technical Analysis
Positive
0.37
Price Trends
0.58
Negative
0.48
Positive
0.46
Positive
Market Momentum
>-0.01
Positive
49.15
Neutral
41.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2236, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.58, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 41.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2236.
Wison Engineering Services Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$48.23B | 3.19 | 11.89% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$25.40B | 18.56 | 5.62% | 5.31% | 9.27% | -27.28% | |
59 Neutral | HK$2.33B | 4.74 | 4.98% | ― | 34.71% | 0.53% | |
57 Neutral | HK$87.59B | 8.64 | 4.96% | 3.90% | 5.40% | -33.06% | |
57 Neutral | HK$62.97B | 4.48 | 0.95% | 3.21% | -17.50% | -75.50% | |
52 Neutral | HK$17.61B | 22.20 | 6.83% | ― | -3.56% | 49.92% |
* Industrials Sector Average
HK:2236
Wison Engineering Services Co., Ltd.
0.58
0.29
96.61%
HK:3311
China State Construction International Holdings
9.16
-1.27
-12.13%
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.31
0.33
33.27%
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.52
0.04
2.77%
HK:2386
SINOPEC Engineering (Group) Co., Ltd. Class H
5.80
0.35
6.46%
HK:2068
China Aluminum International Engineering Corporation Limited Class H
2.36
0.46
24.21%
Wison Engineering Services Co., Ltd. Corporate Events
Wison Engineering Grants 70.56 Million Share Options Under 2022 Scheme
May 8, 2026
Wison Engineering Services has granted share options under its 2022 share option scheme to certain eligible persons, covering 70,560,000 ordinary shares, or about 1.73% of its issued share capital. The options carry an exercise price of HK$0.594 p...
Wison Engineering Corrects Share Capital Figure in 2025 Annual Report
Apr 24, 2026
Wison Engineering Services Co., Ltd. has issued a clarification to correct a typographical error in its annual report for the year ended 31 December 2025. The company stated that the disclosed figure for share capital in the financial summary shou...
Wison Engineering Sets 2026 AGM to Approve Accounts and Capital Mandates
Apr 23, 2026
Wison Engineering Services Co., Ltd. has called its annual general meeting for 5 June 2026 in Shanghai, where shareholders will review the audited financial statements and the directors’ and auditors’ reports for the year ended 31 Dece...
Wison Engineering Delivers Strong 2025 Growth but Faces Sharp Contract Backlog Decline
Mar 26, 2026
Wison Engineering reported strong top‑line growth for 2025, with revenue rising 34.7% to RMB7.60 billion and gross profit increasing 36.4% to RMB607 million, while net profit edged up 8.0% to RMB145 million and profit attributable to shareho...
Wison Engineering Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
Wison Engineering Services Co., Ltd. has scheduled a board meeting for 26 March 2026 to review and approve the annual results for the financial year ended 31 December 2025 and to authorise their publication. The board will also consider recommendi...
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.