China Energy Engineering Corp. Ltd. Class H (HK:3996)
:3996
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China Energy Engineering Corp. Ltd. Class H
(3996)
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Rating:57Neutral
Price Target:
HK$1.50
▲(40.19% Upside)
Action:Reiterated
Date:04/30/26
The score is held back primarily by weak cash conversion (consistently negative free cash flow) and elevated leverage (debt-to-equity ~3.2x) despite solid revenue growth. Technicals are broadly neutral, while the low P/E and ~3.2% dividend yield provide meaningful valuation support.
Positive Factors
Reaccelerating revenue growth
Sustained TTM revenue re-acceleration to ~16% reflects persistent demand for energy and infrastructure projects. For an EPC-focused group, multi-year contract pipelines and project roll‑outs underpin durable topline expansion and support utilization of engineering and construction capacity over the next 2–6 months.
Negative Factors
Consistently negative free cash flow
Persistently negative FCF (~-38.0B TTM) signals heavy working capital absorption and/or capex beyond internally generated cash. That structural cash shortfall increases reliance on external funding, elevates refinancing and liquidity risk, and can constrain reinvestment or margin recovery over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating revenue growth
Sustained TTM revenue re-acceleration to ~16% reflects persistent demand for energy and infrastructure projects. For an EPC-focused group, multi-year contract pipelines and project roll‑outs underpin durable topline expansion and support utilization of engineering and construction capacity over the next 2–6 months.
Read all positive factors
China Energy Engineering Corp. Ltd. Class H (3996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$87.59B
Dividend Yield3.9%
Average Volume (3M)70.05M
Price to Earnings (P/E)8.6
Beta (1Y)0.97
Revenue Growth5.40%
EPS Growth-33.06%
CountryHK
Employees116,388
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.13
Shares Outstanding9,262,437,000
10 Day Avg. Volume90,707,057
30 Day Avg. Volume70,049,517
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.36
Price to Sales (P/S)0.09
P/FCF Ratio-1.39
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)0.15
Revenue Forecast (FY)HK$480.08B
China Energy Engineering Corp. Ltd. Class H Business Overview & Revenue Model
Company Description
China Energy Engineering Corporation Limited provides solutions and services in energy power and infrastructure sectors in the People's Republic of China and internationally. The company operates through five segments: Survey, Design and Consultin...
How the Company Makes Money
The company primarily makes money by delivering engineering and construction projects and recognizing revenue from contracts signed with project owners (such as utilities, government entities, and industrial customers). Its key revenue streams typ...
China Energy Engineering Corp. Ltd. Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 451.30B | 440.59B | 436.71B | 406.03B | 366.39B | 322.32B |
| Gross Profit | 53.73B | 51.59B | 53.90B | 51.31B | 45.50B | 42.41B |
| EBITDA | 23.69B | 28.03B | 27.15B | 26.89B | 25.07B | 21.07B |
| Net Income | 5.63B | 5.69B | 8.40B | 7.99B | 7.82B | 6.50B |
Balance Sheet | ||||||
| Total Assets | 952.91B | 942.22B | 869.00B | 783.16B | 664.35B | 528.86B |
| Cash, Cash Equivalents and Short-Term Investments | 84.57B | 94.42B | 91.58B | 77.71B | 78.39B | 61.49B |
| Total Debt | 364.37B | 359.17B | 290.34B | 244.19B | 192.97B | 124.10B |
| Total Liabilities | 743.93B | 740.18B | 663.18B | 594.90B | 496.86B | 379.13B |
| Stockholders Equity | 118.97B | 111.53B | 116.01B | 110.46B | 101.89B | 94.20B |
Cash Flow | ||||||
| Free Cash Flow | -38.02B | -28.58B | -34.49B | -21.64B | -12.05B | -5.20B |
| Operating Cash Flow | 2.67B | 12.03B | 11.03B | 9.49B | 7.93B | 8.84B |
| Investing Cash Flow | -33.59B | -32.10B | -50.34B | -41.53B | -49.03B | -18.65B |
| Financing Cash Flow | 25.45B | 21.05B | 53.36B | 36.05B | 52.32B | 12.32B |
China Energy Engineering Corp. Ltd. Class H Technical Analysis
Neutral
1.07
Price Trends
1.32
Negative
1.24
Positive
1.23
Positive
Market Momentum
<0.01
Negative
49.49
Neutral
45.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3996, the sentiment is Neutral. The current price of 1.07 is below the 20-day moving average (MA) of 1.31, below the 50-day MA of 1.32, and below the 200-day MA of 1.23, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 45.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3996.
China Energy Engineering Corp. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$25.40B | 18.56 | 5.62% | 5.31% | 9.27% | -27.28% | |
57 Neutral | HK$87.59B | 8.64 | 4.96% | 3.90% | 5.40% | -33.06% | |
57 Neutral | HK$62.97B | 4.48 | 0.95% | 3.21% | -17.50% | -75.50% | |
56 Neutral | HK$963.06M | 4.90 | 10.74% | ― | ― | ― | |
53 Neutral | HK$109.98B | 5.07 | 7.18% | 6.36% | -5.33% | -38.33% | |
53 Neutral | HK$130.59B | 5.02 | 6.18% | 7.43% | -5.68% | -21.80% |
* Industrials Sector Average
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.31
0.33
33.27%
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4.46
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China Energy Engineering Corp. Ltd. Class H Corporate Events
China Energy Engineering Files Unaudited First-Quarter 2026 Report
Apr 29, 2026
China Energy Engineering Corporation Limited has released its unaudited first-quarter 2026 report, prepared under Chinese Accounting Standards for Business Enterprises and in line with disclosure rules of both the Shanghai and Hong Kong stock exch...
China Energy Engineering Reports Q1 2026 Contract Value Drop Amid Shift Toward Services
Apr 24, 2026
China Energy Engineering Corporation Limited reported that in the first quarter of 2026 it signed 10,635 new projects with total contract value of RMB 276.20 billion, a 28.98% decline from a year earlier. The construction and contracting segment, ...
China Energy Engineering Sets Late-April Board Meeting to Approve Q1 2026 Results
Apr 17, 2026
China Energy Engineering Corporation Limited has scheduled a board meeting for 29 April 2026 in Beijing to review and approve the group’s first-quarter results for the period ended 31 March 2026. The move signals the upcoming release of the ...
China Energy Engineering Raises RMB6.5 Billion via Targeted A-Share Issuance
Apr 2, 2026
China Energy Engineering Corporation Limited is a Chinese state-linked engineering and construction group focused on the energy and infrastructure sectors. The company primarily provides engineering, procurement, construction and related services ...
China Energy Engineering Publishes Audited 2025 Annual Results
Mar 27, 2026
China Energy Engineering Corporation Limited has released its audited annual results for the year ended 31 December 2025, prepared under China Accounting Standards for Business Enterprises. The results, which constitute the company’s 2025 an...
China Energy Engineering Sets 2025 Final Dividend and Details Tax Treatment for H-Shareholders
Mar 27, 2026
China Energy Engineering Corporation Limited has proposed a final ordinary cash dividend of RMB 0.312 per 10 shares for the financial year ended 31 December 2025, with key dates such as shareholder approval, ex-dividend date, record date and payme...
China Energy Engineering Books RMB4.4 Billion Asset Impairment for 2025
Mar 27, 2026
China Energy Engineering Corporation Limited has recognized substantial asset impairment provisions for 2025 after testing all assets in line with China Accounting Standards and its internal controls. The board approved total provisions of RMB4,42...
China Energy Engineering Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
China Energy Engineering Corporation Limited has scheduled a board meeting for 27 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.