Tianjin Construction Development Group Co., Ltd. Class H (HK:2515)
:2515
Want to see HK:2515 full AI Analyst Report?
Top Page
Tianjin Construction Development Group Co., Ltd. Class H
(2515)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$1.00
â–˛(122.22% Upside)
Action:Reiterated
Date:05/21/26
The score is weighed down primarily by deteriorating financial performance in 2025 (net loss and revenue decline) and weak technical momentum (below key moving averages with bearish indicators). A conservative balance sheet and improved 2025 cash flow provide some offset, but valuation signals are inconclusive due to negative earnings and no stated dividend.
Positive Factors
Conservative leverage / strong balance sheet
Low leverage and sizable equity provide durable financial flexibility in the cyclical construction sector. This reduces refinancing risk, supports bid capacity on large projects, and gives management optionality to fund operations or opportunistic investments during industry downturns without immediate external capital.
Negative Factors
2025 net loss and material revenue decline
A recent large loss and falling top line materially weaken earnings visibility and compress margins, signaling demand or execution deterioration. Persistent revenue contraction reduces scale benefits, compresses margins further, and limits internal cash generation needed for backlog execution and sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / strong balance sheet
Low leverage and sizable equity provide durable financial flexibility in the cyclical construction sector. This reduces refinancing risk, supports bid capacity on large projects, and gives management optionality to fund operations or opportunistic investments during industry downturns without immediate external capital.
Read all positive factors
Tianjin Construction Development Group Co., Ltd. Class H (2515) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$279.67M
Dividend YieldN/A
Average Volume (3M)445.93K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-18.99%
EPS Growth-306.97%
CountryHK
Employees110
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.32
Shares Outstanding258,952,760
10 Day Avg. Volume410,000
30 Day Avg. Volume445,933
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.64
Price to Sales (P/S)0.75
P/FCF Ratio5.85
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
Tianjin Construction Development Group Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Tianjin Construction Development Group Co., Ltd. engages in the engineering construction business in Tianjin. It primary undertakes municipal public works, foundation projects, construction projects, and petrochemical projects. The company was fou...
How the Company Makes Money
null...
Tianjin Construction Development Group Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 238.07M | 302.50M | 319.44M | 287.96M | 274.94M |
| Gross Profit | 17.21M | 75.35M | 80.31M | 72.59M | 71.71M |
| EBITDA | -37.63M | 29.90M | 51.41M | 42.44M | 50.87M |
| Net Income | -47.28M | 21.75M | 41.05M | 35.09M | 41.41M |
Balance Sheet | |||||
| Total Assets | 650.05M | 710.36M | 556.42M | 432.12M | 305.68M |
| Cash, Cash Equivalents and Short-Term Investments | 27.93M | 19.60M | 6.42M | 20.20M | 11.31M |
| Total Debt | 22.34M | 43.10M | 20.22M | 17.45M | 17.56M |
| Total Liabilities | 369.59M | 381.48M | 331.24M | 275.22M | 183.87M |
| Stockholders Equity | 280.46M | 328.88M | 225.19M | 156.90M | 121.81M |
Cash Flow | |||||
| Free Cash Flow | 30.50M | -106.00M | -35.04M | 2.81M | 7.67M |
| Operating Cash Flow | 33.63M | -103.07M | -33.60M | 11.15M | 11.17M |
| Investing Cash Flow | -5.08M | -2.21M | 9.30M | 748.00K | -12.67M |
| Financing Cash Flow | -22.84M | 118.41M | 10.52M | -3.01M | 615.00K |
Tianjin Construction Development Group Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.20B | 3.90 | 16.17% | 12.15% | -3.66% | 4.32% | |
66 Neutral | HK$47.70B | 3.19 | 11.89% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | HK$328.54M | 2.01 | -6.00% | 7.35% | 24.69% | -257.79% | |
46 Neutral | HK$279.67M | -0.64 | -15.65% | ― | -18.99% | -306.97% | |
46 Neutral | HK$300.46M | -0.25 | -11.32% | ― | -8.54% | -25.17% | |
42 Neutral | HK$731.20M | -3.31 | -6.76% | ― | -43.29% | -1535.48% |
* Industrials Sector Average
HK:2515
Tianjin Construction Development Group Co., Ltd. Class H
1.06
0.45
73.77%
HK:0240
Build King Holdings
1.77
0.76
75.25%
HK:3311
China State Construction International Holdings
8.99
-1.27
-12.34%
HK:0896
Hanison Construction Holdings
0.28
0.04
14.58%
HK:0406
Yau Lee Holdings Limited
0.75
-0.16
-17.58%
HK:2503
Zhongshen Jianye Holding Limited
0.21
-0.38
-64.20%
Tianjin Construction Development Group Co., Ltd. Class H Corporate Events
Tianjin Construction Development Group Details Board and Committee Roles
Apr 30, 2026
Tianjin Construction Development Group has announced the current composition of its board of directors, detailing executive, non-executive, and independent non-executive members as well as their roles across key board committees. The disclosure cl...
Tianjin Construction Development Updates Market on Controlling Shareholder’s Planned Stake Reduction
Apr 30, 2026
Tianjin Construction Development Group has disclosed an update on the reduction of its controlling shareholder’s stake following recent share disposals. The company emphasized that despite these transactions, the core controlling shareholder...
Tianjin Construction Development Wins Unanimous Shareholder Backing at 2025 AGM
Apr 30, 2026
Tianjin Construction Development Group Co., Ltd. reported that its 2025 annual general meeting, held in Tianjin on 30 April 2026, was validly convened under PRC company law and Hong Kong listing rules, with shareholders or proxies representing abo...
Tianjin Construction Development Group’s Controlling Shareholder to Cut Stake but Retain Control
Apr 21, 2026
Tianjin Construction Development Group has disclosed that its controlling shareholder, Wang Wenbin, plans to reduce his stake via his holding vehicle Shengyuan Group Holdings (Tianjin) Co., Ltd. Shengyuan Holdings intends to dispose of up to 71,98...
Tianjin Construction Development Group Sets 2026 AGM to Overhaul Board, Supervisory Committee and Credit Lines
Apr 8, 2026
Tianjin Construction Development Group Co., Ltd. has called its annual general meeting for 30 April 2026 in Tianjin to review the company’s 2025 annual report, board and supervisory committee work reports, and to set remuneration for directo...
Tianjin Construction Development Swings to Loss on Lower 2025 Revenue Despite Solid Backlog
Mar 30, 2026
Tianjin Construction Development Group, a Tianjin-based contractor focused on municipal infrastructure, foundation engineering, building renovation and petrochemical projects for public-sector and corporate clients, continues to integrate its in-h...
Tianjin Construction Development Proposes Elevating Engineering Director Ma Guoqun to Board
Mar 30, 2026
Tianjin Construction Development Group has proposed appointing its current engineering director, 43-year-old Ma Guoqun, as an executive director, subject to shareholder approval at the 2025 annual general meeting scheduled for 30 April 2026. Ma br...
Tianjin Construction Development Expands Business Scope Into Recycling and Renewable Resources
Mar 30, 2026
Tianjin Construction Development Group plans to adjust its official business scope and amend its articles of association to reflect expanded operational activities. The move, which requires shareholder approval at the 2025 annual general meeting a...
Tianjin Construction Development Reschedules Board Meeting on 2025 Results and Dividend
Mar 16, 2026
Tianjin Construction Development Group has rescheduled its board meeting, originally set for 19 March 2026, to 30 March 2026 due to changes in meeting arrangements. The board is expected to consider and approve the group’s annual results for...
Tianjin Construction Development Issues Profit Warning on 2025 Loss
Mar 11, 2026
Tianjin Construction Development Group has warned that it expects to swing to a net loss attributable to equity shareholders of between RMB46 million and RMB51 million for 2025, compared with a profit of about RMB21.8 million a year earlier. Manag...
Tianjin Construction Development Raises HK$29.2 Million in Share Placing to Fund Expansion
Mar 9, 2026
Tianjin Construction Development Group has completed a private placing of 43,158,000 new H-shares under its general mandate at HK$0.68 per share to at least six independent institutional and other investors, none of whom will become a substantial ...
Tianjin Construction Development Sets March 2026 Board Meeting to Approve 2025 Results
Mar 9, 2026
Tianjin Construction Development Group Co., Ltd. has scheduled a board meeting for 19 March 2026 to review and approve the audited annual results of the company and its subsidiaries for the year ended 31 December 2025. The board will also consider...
Tianjin Construction Development Group Wins Unanimous Backing for Capital Increase and Charter Changes
Mar 6, 2026
Tianjin Construction Development Group Co., Ltd., a PRC-based construction and infrastructure developer listed in Hong Kong, focuses on building and development projects in Tianjin’s Binhai New Area and other Chinese regions. Its operations ...
Tianjin Construction Development Details Share Placing to Fund AI Leasing Platform and Tech Investments
Feb 23, 2026
Tianjin Construction Development Group has clarified details of its planned placing of new H shares under a general mandate, setting a latest possible closing date of 11 March 2026, subject to conditions being met. The move is intended to strength...
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.