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Shenghui Cleanness Group Holdings Limited
(2521)
Select Model
Select Model
Rating:51Neutral
Price Target:
HK$1.00
▲(53.08% Upside)
Action:Reiterated
Date:07/07/26
The score is primarily held back by weak cash conversion (negative free cash flow) and a very high P/E valuation. These are partly offset by strong 2025 revenue growth and a low-leverage balance sheet, while technical signals are mixed with neutral momentum but a negative MACD and price below key mid-term moving averages.
Positive Factors
Contract-based recurring revenue
The business model centers on outsourced cleaning contracts, creating recurring service fee revenue. Contract renewal dynamics and scope-based fees support predictable cash flow potential and operational scale, making revenue relatively durable if customer retention and contract wins persist.
Negative Factors
Persistent negative free cash flow
Repeated negative free cash flow signals weak cash conversion despite positive operating cash flow in 2025, implying heavy capex or working-capital strain. Persistent FCF deficits limit organic reinvestment capacity and increase reliance on external funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Contract-based recurring revenue
The business model centers on outsourced cleaning contracts, creating recurring service fee revenue. Contract renewal dynamics and scope-based fees support predictable cash flow potential and operational scale, making revenue relatively durable if customer retention and contract wins persist.
Read all positive factors
Shenghui Cleanness Group Holdings Limited (2521) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.99B
Dividend YieldN/A
Average Volume (3M)7.66M
Price to Earnings (P/E)64.3
Beta (1Y)0.76
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 functions as an investment holding enterprise, primarily delivering a range of cleaning and upkeep solutions throughout the People's Republic of China. Its extensive services encompass refuse management (i...
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 | 37.38M | 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
1.02
Negative
1.05
Negative
0.81
Positive
Market Momentum
>-0.01
Negative
57.52
Neutral
78.38
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 0.94, below the 50-day MA of 1.02, and below the 200-day MA of 0.81, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.52 is Neutral, neither overbought nor oversold. The STOCH value of 78.38 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$837.08M | 8.94 | 23.07% | 5.98% | 3.38% | 15.10% | |
66 Neutral | HK$1.73B | 9.70 | 39.78% | 9.92% | -14.68% | -13.60% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | HK$75.07M | -41.50 | 10.10% | ― | -2.31% | 66.07% | |
51 Neutral | HK$1.99B | 64.25 | 5.58% | ― | 3.16% | -53.52% | |
45 Neutral | HK$1.27B | -107.00 | -4.14% | ― | -21.89% | -193.36% | |
43 Neutral | HK$17.39M | -2.30 | -3.96% | ― | -14.18% | 23.83% |
* Consumer Cyclical Sector Average
HK:2521
Shenghui Cleanness Group Holdings Limited
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Shenghui Cleanness Group Holdings Limited Corporate Events
Shenghui Cleanness Forms Connected Joint Venture with BTI
Jun 30, 2026
Shenghui Cleanness Group Holdings Limited, via its indirectly wholly owned unit Guangzhou Tianyou, has entered into a joint venture agreement with BTI, a connected party controlled in large part by co-chairman Mr. Wei and partly owned by the group...
Shenghui Cleanness Wins Unanimous Shareholder Backing at 2026 AGM
Jun 26, 2026
Shenghui Cleanness Group Holdings Limited reported that all resolutions at its 26 June 2026 annual general meeting were approved by shareholders via poll, including adoption of the 2024 audited financial statements. Shareholders also backed the re...
Shenghui Cleanness Clarifies Shareholder Registration Details for 2026 AGM
Jun 3, 2026
Shenghui Cleanness Group Holdings has issued a supplemental announcement to its 28 May 2026 notice and circular, detailing administrative arrangements for its upcoming annual general meeting. The company confirmed that the register of members will...
Shenghui Cleanness Group Sets 2026 AGM, Seeks Renewal of Share Issuance Mandate
May 28, 2026
Shenghui Cleanness Group Holdings Limited has called its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements and directors’ and auditor’s reports for the year ...
Shenghui Cleanness to Buy 70% of Huali Digital Guangdong in Connected RMB15.75 Million Deal
May 18, 2026
Shenghui Cleanness Group Holdings Limited has agreed, via a wholly owned subsidiary, to acquire a 70% equity stake in Huali Digital Guangdong from connected party Huali Digital Zhengzhou for RMB15.75 million, payable in staged cash installments. T...
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...
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.