China Energy Engineering Corp. Ltd. Class H (HK:3996)
:3996
Top Page
China Energy Engineering Corp. Ltd. Class H
(3996)
Select Model
Select Model
Rating:48Neutral
Price Target:
HK$1.50
▲(40.19% Upside)
Action:ReiteratedDate:03/28/26
The score is mainly held back by weak cash flow (consistently negative free cash flow) and materially higher leverage, which increase financial risk in a project-driven business. Technicals are roughly neutral with mixed near-term momentum, while valuation is a headwind due to a high P/E despite a moderate dividend yield.
Positive Factors
Integrated energy & infrastructure services
The firm's integrated model—survey/design, EPC, project contracting and equipment manufacturing—creates multiple durable revenue streams and cross-selling synergies. This breadth supports competitive bidding on large projects, improves backlog visibility and reduces dependence on any single service line over months.
Negative Factors
Persistent negative free cash flow
Consistently negative free cash flow (TTM ~-30.3B) that materially lags net income indicates weak cash conversion from projects. This reduces internal funding for capex and working capital, raises reliance on external financing, and elevates execution and liquidity risk in a project-driven business over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated energy & infrastructure services
The firm's integrated model—survey/design, EPC, project contracting and equipment manufacturing—creates multiple durable revenue streams and cross-selling synergies. This breadth supports competitive bidding on large projects, improves backlog visibility and reduces dependence on any single service line over months.
Read all positive factors
China Energy Engineering Corp. Ltd. Class H (3996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$84.33B
Dividend Yield3.9%
Average Volume (3M)70.05M
Price to Earnings (P/E)7.0
Beta (1Y)0.89
Revenue Growth11.49%
EPS Growth-7.01%
CountryHK
Employees116,388
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.07
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 Target
HK$2.20Price Target Upside105.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.18
Revenue Forecast (FY)HK$539.89B
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
56
Neutral
Balance Sheet
40
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 440.59B | 436.71B | 406.03B | 366.39B | 322.32B |
| Gross Profit | 51.59B | 53.90B | 51.31B | 45.50B | 42.41B |
| EBITDA | 28.03B | 27.15B | 26.89B | 25.07B | 21.07B |
| Net Income | 5.69B | 8.40B | 7.99B | 7.82B | 6.50B |
Balance Sheet | |||||
| Total Assets | 942.22B | 869.00B | 783.16B | 664.35B | 528.86B |
| Cash, Cash Equivalents and Short-Term Investments | 94.42B | 91.58B | 77.71B | 78.39B | 61.49B |
| Total Debt | 359.17B | 290.34B | 244.19B | 192.97B | 124.10B |
| Total Liabilities | 740.18B | 663.18B | 594.90B | 496.86B | 379.13B |
| Stockholders Equity | 111.53B | 116.01B | 110.46B | 101.89B | 94.20B |
Cash Flow | |||||
| Free Cash Flow | -28.58B | -34.49B | -21.64B | -12.05B | -5.20B |
| Operating Cash Flow | 12.03B | 11.03B | 9.49B | 7.93B | 8.84B |
| Investing Cash Flow | -32.10B | -50.34B | -41.53B | -49.03B | -18.65B |
| Financing Cash Flow | 21.05B | 53.36B | 36.05B | 52.32B | 12.32B |
China Energy Engineering Corp. Ltd. Class H Technical Analysis
Neutral
1.07
Price Trends
1.26
Positive
1.19
Positive
1.21
Positive
Market Momentum
<0.01
Positive
45.81
Neutral
19.44
Positive
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 1.35, below the 50-day MA of 1.26, and below the 200-day MA of 1.21, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, 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$28.47B | 17.27 | 5.62% | 5.31% | 11.89% | 8.49% | |
62 Neutral | HK$47.17B | 4.99 | 11.89% | 6.69% | -5.14% | -4.05% | |
52 Neutral | HK$142.62B | 4.06 | 6.46% | 7.43% | -7.46% | -21.80% | |
48 Neutral | HK$84.33B | 6.98 | 7.17% | 3.90% | 11.49% | -7.01% | |
44 Neutral | HK$66.58B | 5.71 | 0.95% | 3.21% | -18.36% | -47.29% | |
44 Neutral | HK$19.52B | 100.11 | 2.33% | ― | -1.75% | ― |
* Industrials Sector Average
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.33
0.36
36.69%
HK:3311
China State Construction International Holdings
8.93
-1.31
-12.76%
HK:0390
China Railway Group
4.14
1.05
34.02%
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.65
0.24
16.86%
HK:2386
SINOPEC Engineering (Group) Co., Ltd. Class H
6.48
1.64
33.97%
HK:2068
China Aluminum International Engineering Corporation Limited Class H
2.71
0.92
51.40%
China Energy Engineering Corp. Ltd. Class H Corporate Events
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...
China Energy Engineering Posts Modest Growth in 2025 New Contracts as New Energy and Urban Projects Accelerate
Jan 21, 2026
China Energy Engineering Corporation Limited reported that in 2025 it signed a total of 37,157 new projects worth RMB1.45 trillion, a 2.88% year-on-year increase, underscoring stable demand across its diversified energy and infrastructure portfoli...
China Energy Engineering Appoints New H Share Registrar in Hong Kong
Jan 9, 2026
China Energy Engineering Corporation Limited has announced a change in its H share registrar and transfer office in Hong Kong, appointing Tricor Investor Services Limited as its new service provider with effect from 13 January 2026. From that date...
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.