China State Construction International Holdings (3311) AI Stock Analysis

• Market Cap: HK$50.34B
• Dividend Yield: 6.69%
• Average Volume (3M): 5.86M
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.41
• Revenue Growth: -5.14%
• EPS Growth: -4.05%
• Country: HK
• Employees: 13,615
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 5,282,217,000
• 10 Day Avg. Volume: 5,160,369
• 30 Day Avg. Volume: 5,859,871
• PEG Ratio: 2.89
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.54
• P/FCF Ratio: 72.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: HK$10.00 ▲(7.99% Upside)

The stock's valuation is a significant strength, with a low P/E ratio and high dividend yield suggesting it may be undervalued. However, technical indicators show bearish momentum, and financial performance is mixed due to cash flow challenges.

Positive Factors

Operational Efficiency

Strong EBIT and EBITDA margins indicate effective management and operational efficiency, which can sustain profitability over the long term.

Profitability

A healthy net profit margin demonstrates the company's ability to convert revenue into profit, supporting long-term financial health.

Cost Management

Effective cost management, as reflected in a solid gross profit margin, ensures the company can maintain profitability despite market fluctuations.

Negative Factors

Cash Flow Challenges

Negative cash flow indicates potential liquidity issues, which could hinder the company's ability to invest in growth and manage debt.

Revenue Decline

A decline in revenue growth suggests potential market challenges or competitive pressures, which could impact future earnings.

Leverage Concerns

While leverage is manageable, it still poses a risk if cash flow issues persist, potentially affecting financial flexibility and stability.

China State Construction International Holdings Business Overview & Revenue Model

Company Description

China State Construction International Holdings Limited (CSCI), a subsidiary of China State Construction Engineering Corporation, is a leading construction and engineering firm based in Hong Kong. The company operates primarily in the construction sector, providing a wide range of services including building construction, civil engineering, and infrastructure development. CSCI is engaged in various projects such as residential, commercial, and public infrastructure developments, both domestically and internationally, playing a significant role in urbanization and infrastructure growth.

How the Company Makes Money

China State Construction International Holdings generates revenue through several key streams. Primarily, the company earns money by undertaking construction contracts, which involve the building and renovation of residential, commercial, and industrial properties, as well as infrastructure projects such as roads, bridges, and tunnels. These contracts are typically awarded through competitive bidding processes and can vary significantly in size and scope. Additionally, CSCI benefits from joint ventures and partnerships with local and international firms to secure and execute large-scale projects, which can enhance its market presence and resource allocation. The company may also engage in property development, where it invests in and develops real estate projects for sale or leasing, contributing to its revenue. Furthermore, CSCI's involvement in public-private partnerships (PPPs) allows it to share risks and rewards in large infrastructure projects, further diversifying its income sources.

China State Construction International Holdings Financial Statement Overview

Summary

Strong revenue growth and profitability with effective cost management. However, cash flow challenges and leverage require attention to ensure financial stability.

Income Statement

The company shows strong revenue growth with a consistent increase over the past years. Gross profit margin is solid at approximately 15.5% for 2024, indicating effective cost management. Net profit margin is healthy at 8.5%, reflecting good profitability. EBIT and EBITDA margins are also robust, suggesting strong operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 1.19, indicating manageable leverage. Return on Equity (ROE) is impressive at 13.2%, showcasing effective use of equity capital. The equity ratio stands at 27.2%, highlighting a stable capital structure but with room for improvement in equity proportion.

Cash Flow

Cash flow statements reveal challenges, with historical negative free cash flow and operating cash flow issues. The company needs to improve cash management to support long-term growth. Recent data shows zero operating and free cash flow for 2024, indicating potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	109.99B	115.11B	113.73B	101.98B	77.31B	62.46B
Gross Profit	16.82B	17.85B	16.32B	14.00B	11.96B	9.27B
EBITDA	14.96B	15.76B	15.22B	12.76B	11.33B	8.76B
Net Income	9.45B	9.73B	9.47B	8.25B	7.27B	6.42B
Balance Sheet
Total Assets	275.74B	271.60B	249.27B	228.85B	219.28B	186.81B
Cash, Cash Equivalents and Short-Term Investments	33.66B	31.81B	28.92B	24.35B	25.52B	22.52B
Total Debt	84.63B	87.57B	81.12B	82.55B	81.93B	60.32B
Total Liabilities	197.45B	195.18B	185.01B	168.85B	160.86B	136.33B
Stockholders Equity	75.38B	73.76B	61.72B	57.79B	56.45B	49.09B
Cash Flow
Free Cash Flow	-364.26M	855.94M	-64.43M	-2.39B	-3.30B	-6.22B
Operating Cash Flow	707.25M	2.01B	500.99M	-2.03B	-2.61B	-5.67B
Investing Cash Flow	2.26B	1.14B	455.22M	-193.46M	-5.54B	324.54M
Financing Cash Flow	38.85M	-349.09M	7.94B	2.72B	9.65B	5.71B

China State Construction International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3311, the sentiment is Positive. The current price of 9.26 is above the 20-day moving average (MA) of 9.07, below the 50-day MA of 9.27, and below the 200-day MA of 10.26, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 61.82 is Neutral, neither overbought nor oversold. The STOCH value of 64.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3311.

China State Construction International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0390	73 Outperform	HK$150.31B	4.22	7.41%	7.43%	-7.46%	-21.80%
2386	70 Outperform	HK$32.74B	11.83	8.27%	5.31%	11.89%	8.49%
3311	67 Neutral	HK$50.34B	4.95	13.70%	6.69%	-5.14%	-4.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3996	60 Neutral	HK$70.67B	5.54	7.78%	3.90%	11.49%	-7.01%
1618	44 Neutral	HK$67.92B	9.01	3.80%	3.21%	-18.36%	-47.29%
2068	44 Neutral	HK$18.57B	81.99	3.35%	―	-1.75%	―

China State Construction International Holdings Corporate Events

China State Construction International Sets Up RMB300 Million Connected Factoring Deal for Wenzhou Project Receivable

China State Construction International Holdings said its indirect wholly owned subsidiary CSC International Investments has entered into a connected factoring arrangement involving the transfer of a RMB300 million account receivable linked to a Wenzhou housing procurement project. Under the structure, CSC International Investments will acquire the receivable from Wenzhou Haisheng at a 9% discount for RMB273 million and immediately factor it to China Construction City Development Factoring (CCCF), an indirect wholly owned subsidiary of its intermediate holding company CSCECL, for up to 24 months. Because CCCF is a connected person, the transaction must be aggregated with two earlier connected deals announced in May and August 2025, and the combined size triggers reporting and announcement requirements under Hong Kong’s Listing Rules, although it remains exempt from independent shareholders’ approval. The move provides liquidity against project-related receivables while keeping compliance obligations within the lower-threshold connected transaction regime, with limited direct impact on minority shareholders’ governance rights.

The most recent analyst rating on (HK:3311) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on China State Construction International Holdings stock, see the HK:3311 Stock Forecast page.

China State Construction Renewing Financial Services Agreement with CSCF

China State Construction International Holdings announced a New Financial Services Agreement with CSCF, extending a partnership for deposit, loan, and other financial services on a non-exclusive basis from 2026 to 2028. This agreement, reviewed under Hong Kong’s Listing Rules, enhances operational continuity and is deemed fair and commercially favorable for the company, reflecting a strategic alignment with its business operations.

The most recent analyst rating on (HK:3311) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on China State Construction International Holdings stock, see the HK:3311 Stock Forecast page.