Shenghui Cleanness Group Holdings Limited (HK:2521)
:2521
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Shenghui Cleanness Group Holdings Limited
(2521)
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Rating:49Neutral
Price Target:
HK$1.00
▲(53.85% Upside)
Action:Downgraded
Date:05/14/26
The score is held back primarily by weak cash conversion (negative free cash flow across multiple years) and deteriorating profitability despite strong 2025 revenue growth. Technicals are also soft with price below key moving averages and slightly negative MACD. A high P/E with no dividend yield provided further limits the valuation cushion.
Positive Factors
Low leverage
A debt-to-equity ratio around 0.18 gives the company financial flexibility to absorb wage or cost volatility, bid competitively for large service contracts, and fund working-capital needs or targeted investments without heavy refinancing risk, supporting stability over coming quarters.
Negative Factors
Persistent negative free cash flow
Free cash flow was negative across 2023–2025 despite an operating cash swing in 2025, signaling weak cash conversion. Persistent negative FCF constrains reinvestment, increases reliance on external financing for growth or working capital, and raises execution risk if cash conversion doesn't improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A debt-to-equity ratio around 0.18 gives the company financial flexibility to absorb wage or cost volatility, bid competitively for large service contracts, and fund working-capital needs or targeted investments without heavy refinancing risk, supporting stability over coming quarters.
Read all positive factors
Shenghui Cleanness Group Holdings Limited (2521) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.24B
Dividend YieldN/A
Average Volume (3M)7.66M
Price to Earnings (P/E)40.1
Beta (1Y)0.72
Revenue Growth3.16%
EPS Growth-53.52%
CountryHK
Employees8,160
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,949,735,000
10 Day Avg. Volume4,162,500
30 Day Avg. Volume7,661,750
Financial Highlights & Ratios
PEG Ratio-0.74
Price to Book (P/B)2.28
Price to Sales (P/S)1.53
P/FCF Ratio-32.11
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
Shenghui Cleanness Group Holdings Limited Business Overview & Revenue Model
Company Description
Shenghui Cleanness Group Holdings Limited, an investment holding company, engages in the provision of cleaning and maintenance services in the People's Republic of China. It provides garbage collection and transportation, basic cleaning and mainte...
How the Company Makes Money
The company mainly makes money by providing outsourced cleaning and related facility services to customers under service contracts. Revenue is primarily generated from contract/service fees charged for delivering cleaning work at client sites, whi...
Shenghui Cleanness Group Holdings Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 676.93M | 673.56M | 630.17M | 594.20M | 563.54M |
| Gross Profit | 115.30M | 100.70M | 93.44M | 109.05M | 106.71M |
| EBITDA | 27.97M | 26.20M | 36.81M | 44.16M | 49.85M |
| Net Income | 25.84M | 49.23M | 27.89M | 34.39M | 39.92M |
Balance Sheet | |||||
| Total Assets | 671.84M | 570.32M | 440.35M | 354.98M | 340.15M |
| Cash, Cash Equivalents and Short-Term Investments | 68.14M | 94.76M | 148.57M | 60.67M | 70.43M |
| Total Debt | 81.73M | 59.75M | 6.93M | 7.20M | 17.45M |
| Total Liabilities | 212.36M | 185.42M | 141.53M | 156.22M | 165.66M |
| Stockholders Equity | 454.78M | 384.90M | 298.82M | 177.03M | 142.64M |
Cash Flow | |||||
| Free Cash Flow | -32.29M | -71.81M | -4.86M | 4.47M | 13.12M |
| Operating Cash Flow | 20.90M | -53.10M | 6.87M | 6.73M | 18.03M |
| Investing Cash Flow | -107.40M | -79.77M | -11.63M | 1.82M | -7.42M |
| Financing Cash Flow | 62.72M | 75.41M | 98.61M | -5.07M | -22.75M |
Shenghui Cleanness Group Holdings Limited Technical Analysis
Positive
0.65
Price Trends
1.10
Positive
0.99
Positive
0.69
Positive
Market Momentum
<0.01
Negative
56.67
Neutral
67.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2521, the sentiment is Positive. The current price of 0.65 is below the 20-day moving average (MA) of 1.12, below the 50-day MA of 1.10, and below the 200-day MA of 0.69, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of 67.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2521.
Shenghui Cleanness Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$735.00M | 6.12 | 23.07% | 5.98% | -0.19% | 19.04% | |
66 Neutral | HK$1.53B | 4.63 | 39.78% | 9.92% | -23.31% | -44.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | HK$87.73M | 2.60 | 10.10% | ― | -3.40% | 515.63% | |
49 Neutral | HK$2.24B | 40.13 | 5.58% | ― | 3.16% | -53.52% | |
41 Neutral | HK$25.99M | -3.98 | -3.96% | ― | -14.18% | 23.83% | |
39 Underperform | HK$1.05B | -144.69 | -4.10% | ― | -21.89% | -193.36% |
* Consumer Cyclical Sector Average
HK:2521
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Shenghui Cleanness Group Holdings Limited Corporate Events
Shenghui Cleanness Weighs Connected Deal for Smart City Tech Unit
Apr 27, 2026
Shenghui Cleanness Group Holdings Limited is exploring a strategic move that could extend its reach into smart city and digital transformation services. The target business, Huali Digital Technology (Guangdong) Co., Ltd., focuses on applying IoT, ...
Shenghui Cleanness Weighs Strategic Move Into Water Environment Services With Proposed Acquisition
Apr 16, 2026
Shenghui Cleanness Group Holdings has signed a non-legally binding memorandum of understanding to potentially acquire shares in China Water Environment Group, a Cayman-incorporated specialist in wastewater treatment, water environment management a...
Shenghui Cleanness Posts Higher Revenue but Sharply Lower 2025 Profit
Mar 30, 2026
Shenghui Cleanness Group Holdings Limited, a Hong Kong-listed provider of professional cleaning and hygiene services, reported modest top-line growth for the year ended 31 December 2025, underscoring the resilience of its core service contracts de...
Shenghui Cleanness Schedules Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Shenghui Cleanness Group Holdings Limited has scheduled a board meeting for 30 March 2026 to review and approve its audited annual results for the financial year ended 31 December 2025. The board will also consider the declaration of a final divid...
Shenghui Cleanness Reshapes Investment Committee Leadership
Mar 17, 2026
Shenghui Cleanness Group Holdings Limited has reshaped the leadership of its investment committee, effective 17 March 2026, by re-designating independent non-executive director Dr. Wang Hui from chairman to member. Concurrently, co-chairman of the...
Shenghui Cleanness Details Board and Committee Structure to Bolster Governance
Mar 17, 2026
Shenghui Cleanness Group Holdings Limited has outlined the composition of its board, which includes four executive directors and three independent non-executive directors, underscoring a governance structure that combines management leadership wit...
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.