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China Boqi Environmental (Holding) Co., Ltd.
(2377)
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Rating:73Outperform
Price Target:
HK$1.00
▼(-0.99% Downside)
Action:Upgraded
Date:05/08/26
The score is driven primarily by attractive valuation (very low P/E and solid dividend yield) and a strong, low-debt balance sheet with steady profitability. These positives are tempered by inconsistent cash-flow conversion and largely flat recent revenue, while technical signals remain neutral with only modest momentum and the price still below the 200-day average.
Positive Factors
Low leverage / strong balance sheet
A conservatively financed balance sheet with very low debt provides durable financial flexibility: it lowers funding costs, supports competitive bidding on capital-intensive EPC projects, cushions downturns, and preserves capacity for dividends, capex or opportunistic M&A over the medium term.
Negative Factors
Flat to declining revenue trend
Stagnant top-line growth signals limited market-share expansion or demand constraints in core segments. Over time, flat revenues constrain operating leverage and limit the company’s ability to scale fixed-cost absorption and expand cash generation, making medium-term earnings growth dependent on margin gains or new contract wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A conservatively financed balance sheet with very low debt provides durable financial flexibility: it lowers funding costs, supports competitive bidding on capital-intensive EPC projects, cushions downturns, and preserves capacity for dividends, capex or opportunistic M&A over the medium term.
Read all positive factors
China Boqi Environmental (Holding) Co., Ltd. (2377) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$683.67M
Dividend Yield4.69%
Average Volume (3M)56.70K
Price to Earnings (P/E)2.6
Beta (1Y)0.83
Revenue Growth3.73%
EPS Growth18.42%
CountryHK
Employees1,592
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)0.28
Shares Outstanding854,862,700
10 Day Avg. Volume51,200
30 Day Avg. Volume56,703
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.23
Price to Sales (P/S)0.35
P/FCF Ratio4.73
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
China Boqi Environmental (Holding) Co., Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, China Boqi Environmental (Holding) Co., Ltd. delivers environmental protection solutions, with a primary focus on flue gas treatment services, across both the People's Republic of China and international...
How the Company Makes Money
The company primarily makes money by delivering air pollution control projects and ongoing services to customers that need to meet emissions compliance requirements. Key revenue streams typically include: (1) Engineering, procurement and construct...
China Boqi Environmental (Holding) Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.23B | 2.15B | 2.14B | 1.90B | 2.09B |
| Gross Profit | 494.50M | 434.73M | 436.10M | 390.78M | 387.56M |
| EBITDA | 412.10M | 376.40M | 359.78M | 328.88M | 334.54M |
| Net Income | 239.88M | 236.44M | 240.18M | 151.75M | 348.24M |
Balance Sheet | |||||
| Total Assets | 5.18B | 5.41B | 5.02B | 4.73B | 4.78B |
| Cash, Cash Equivalents and Short-Term Investments | 739.61M | 812.89M | 590.62M | 714.69M | 805.90M |
| Total Debt | 334.51M | 455.23M | 243.55M | 212.76M | 233.95M |
| Total Liabilities | 1.85B | 2.12B | 1.95B | 1.88B | 2.03B |
| Stockholders Equity | 3.29B | 3.25B | 3.05B | 2.83B | 2.74B |
Cash Flow | |||||
| Free Cash Flow | 162.68M | 143.90M | -57.97M | 26.74M | -123.25M |
| Operating Cash Flow | 247.81M | 383.73M | 86.40M | 137.04M | -55.87M |
| Investing Cash Flow | -133.50M | -229.52M | -118.68M | -22.91M | -129.20M |
| Financing Cash Flow | -289.15M | 124.89M | -24.73M | -66.54M | 15.86M |
China Boqi Environmental (Holding) Co., Ltd. Technical Analysis
Negative
1.01
Price Trends
0.87
Negative
0.88
Negative
0.93
Negative
Market Momentum
-0.01
Positive
38.93
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2377, the sentiment is Negative. The current price of 1.01 is above the 20-day moving average (MA) of 0.84, above the 50-day MA of 0.87, and above the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2377.
China Boqi Environmental (Holding) Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$683.67M | 2.57 | 7.36% | 4.69% | 3.73% | 18.42% | |
70 Outperform | HK$377.65M | 3.92 | 20.61% | 3.17% | -6.86% | 80.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$622.65M | 2.32 | 5.77% | ― | -14.62% | -19.99% | |
55 Neutral | HK$673.23M | 73.33 | 0.72% | ― | -3.48% | -54.74% | |
43 Neutral | HK$538.90M | -2.00 | -7.92% | 5.36% | -2.70% | -3800.00% |
* Industrials Sector Average
HK:2377
China Boqi Environmental (Holding) Co., Ltd.
0.82
0.03
3.93%
HK:0976
Chiho Environmental Group Limited
0.43
0.00
0.00%
HK:1397
Baguio Green Group Ltd
0.91
0.29
47.25%
HK:0154
Beijing Enterprises Environment Group Limited
0.42
-0.18
-29.66%
HK:0556
Pan Asia Environmental Protection Group Ltd.
0.67
0.40
150.00%
HK:0587
China Conch Environment Protection Holdings Ltd.
0.30
-0.35
-53.91%
China Boqi Environmental (Holding) Co., Ltd. Corporate Events
China Boqi Environmental to Switch Auditor from Ernst & Young to Confucius International
Apr 29, 2026
China Boqi Environmental plans to replace Ernst Young as its external auditor after the 29 May 2026 annual general meeting, following an inability to agree on the audit fee for the 2026 financial year. The board emphasizes that there were no othe...
China Boqi Environmental Sets AGM to Approve Dividend, Board Changes and Share Issue Mandate
Apr 29, 2026
China Boqi Environmental has called its annual general meeting for 29 May 2026 in Beijing, where shareholders will vote on adopting the 2025 audited financial statements and approving a proposed final dividend of HK6.40 cents per share. Investors ...
China Boqi Environmental Lifts 2025 Profit, Margins and Dividend Payout
Mar 20, 2026
China Boqi Environmental reported a modestly improved set of results for 2025, with revenue rising 3.7% year-on-year to RMB2.23 billion and gross profit climbing 13.6% to RMB494 million, lifting gross margin to 22.2%. Net profit inched up 1.7% to ...
China Boqi Environmental Declares Final 2025 Dividend and Sets Payout Timetable
Mar 20, 2026
China Boqi Environmental (Holding) Co., Ltd. has proposed a final ordinary cash dividend of HKD 0.064 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The distribution underscores the company’s continued...
China Boqi Environmental Revamps Finance and Governance Leadership
Mar 20, 2026
China Boqi Environmental has announced a leadership reshuffle in its finance and corporate governance functions, naming industry veteran Wang Dongmei as chief financial officer, effective 20 March 2026, following the resignation of Wang Hui for ot...
China Boqi Environmental Sets March Board Date to Approve 2025 Results and Consider Dividend
Mar 10, 2026
China Boqi Environmental (Holding) Co., Ltd. has scheduled a board meeting for 20 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider t...
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.