Horizon Construction Development Limited (9930) AI Stock Analysis

• Market Cap: HK$2.81B
• Dividend Yield: 8.56%
• Average Volume (3M): 3.64M
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.91
• Revenue Growth: 7.48%
• EPS Growth: -32.35%
• Country: HK
• Employees: 4,929
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.04
• Shares Outstanding: 3,197,244,000
• 10 Day Avg. Volume: 8,266,846
• 30 Day Avg. Volume: 3,636,192
• PEG Ratio: -0.26
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 1.49
• 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): 0.25
• Revenue Forecast (FY): HK$11.33B

• Rating: 48 Neutral
• Price Target: HK$0.89 ▼(-17.50% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held back primarily by weaker 2025 financial performance (revenue decline, sharp margin/ROE compression) and elevated leverage, alongside a bearish technical trend with price below key moving averages and negative MACD. The main support comes from consistently positive operating cash flow and a very high dividend yield, though the P/E is not particularly cheap for the recent profitability step-down.

Positive Factors

Consistent operating cash flow

Consistently positive and improving operating cash flow provides durable liquidity and supports ongoing operations, capex and dividends even when earnings dip. This reduces refinancing risk and gives management flexibility to invest or smooth payouts over the next several quarters.

Negative Factors

Material 2025 revenue decline

A meaningful revenue contraction in 2025 reduces operating leverage and erodes the earnings base, making it harder to cover fixed costs and sustain investment. Extended top-line weakness would pressure cash generation and limit reinvestment or deleveraging options over the medium term.

Horizon Construction Development Limited Business Overview & Revenue Model

Company Description

Horizon Construction Development Limited operates as an investment holding company that provides equipment operation services in the People's Republic of China. The company also provides operating lease services that cover various types of equipme...

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Horizon Construction Development Limited operates as an investment holding company that provides equipment operation services in the People's Republic of China. The company also provides operating lease services that cover various types of equipme...

Horizon Construction Development Limited Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.15B	11.58B	9.61B	7.88B	6.14B
Gross Profit	2.67B	3.77B	3.76B	3.13B	2.85B
EBITDA	4.29B	4.65B	4.50B	4.09B	3.21B
Net Income	159.40M	896.32M	962.41M	664.34M	709.64M
Balance Sheet
Total Assets	40.51B	36.43B	31.24B	30.29B	26.96B
Cash, Cash Equivalents and Short-Term Investments	2.98B	1.78B	2.17B	2.16B	657.04M
Total Debt	23.32B	21.57B	18.07B	21.44B	18.03B
Total Liabilities	27.89B	24.98B	20.46B	23.62B	20.95B
Stockholders Equity	12.61B	11.46B	10.78B	6.67B	6.01B
Cash Flow
Free Cash Flow	2.25B	-3.32B	1.52B	-1.01B	-8.30B
Operating Cash Flow	4.72B	4.20B	3.95B	2.82B	2.45B
Investing Cash Flow	-2.36B	-6.76B	-1.83B	-3.46B	-10.47B
Financing Cash Flow	-1.41B	2.14B	-2.11B	2.29B	8.37B

Horizon Construction Development Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.08
• 50DMA: Negative
• 100DMA: Negative
• 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:9930, the sentiment is Negative. The current price of 1.08 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.96, and below the 200-day MA of 1.13, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 28.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9930.

Horizon Construction Development Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1581	63 Neutral	HK$87.15M	6.03	8.53%	―	-12.78%	-20.50%
9930	48 Neutral	HK$2.81B	21.04	1.34%	8.56%	7.48%	-32.35%
1341	45 Neutral	HK$343.96M	-15.32	-15.06%	―	-42.20%	66.04%

Horizon Construction Development Limited Corporate Events