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INDICATIVE · SAMPLE DATA
2377$0.9757

China Boqi Environmental (Holding) Co Ltd

Construction & EngineeringVerified

China Boqi Environmental (Holding) Co Ltd maintains a strong liquidity position, with a current ratio of 1.68 and cash and equivalents of CNY 440.8 million. The company's price-to-book ratio is 0.25, indicating a significant discount to its book value, while the price-to-tangible-book ratio is also 0.25, suggesting a similar valuation dynamic. The debt-to-equity ratio is 0.09, reflecting a conservative capital structure with minimal leverage. In terms of profitability, the company's return on equity (ROE) is 7.3%, and return on assets (ROA) is 4.63%. These figures are below the industry median for ROE and ROA in the Construction & Engineering sector, indicating that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization. The company's revenue is distributed across four segments: Flue Gas Treatment, Water Treatment, Hazardous and Solid Waste Treatment/Disposal, and Dual-Carbon New Energy+. However, the input data does not provide specific revenue figures for each segment, making it difficult to assess the degree of revenue concentration or geographic exposure. The company's growth trajectory is not explicitly detailed in the input data, but the low price-to-earnings ratio of 3.46 and the low price-to-revenue ratio of 0.31 suggest that the market may be pricing in limited near-term growth expectations. The outlook for the current fiscal year and the next fiscal year is not provided in the input data, so it is not possible to assess the direction of revenue or earnings. The risk assessment indicates that the company has low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's conservative capital structure, as evidenced by the low debt-to-equity ratio, also suggests a low risk of financial distress. There are no specific dilution sources identified in the input data, and the dilution potential is assessed as low. There are no recent events, such as filings or transcripts, provided in the input data that would indicate significant changes in the company's operations or financial position. The company's business model and financial performance appear to be stable, with no immediate signs of distress or transformation.

30-day price · 2377-0.07 (-6.8%)
Low$0.93High$1.03Close$0.96As of15 May, 00:00 UTC
Profile
CompanyChina Boqi Environmental (Holding) Co Ltd
Ticker2377.HK
SectorIndustrials
BusinessIndustrial & Commercial Services
Industry groupIndustrial & Commercial Services
IndustryConstruction & Engineering
AI analysis

Business. China Boqi Environmental (Holding) Co Ltd provides independent flue gas treatment and environmental protection solution services, operating through four segments: Flue Gas Treatment, Water Treatment, Hazardous and Solid Waste Treatment/Disposal, and Dual-Carbon New Energy+.

Classification. The company is classified under the Industrials economic sector, Industrial & Commercial Services business sector, and Construction & Engineering industry, with a confidence level of 0.92.

China Boqi Environmental (Holding) Co Ltd maintains a strong liquidity position, with a current ratio of 1.68 and cash and equivalents of CNY 440.8 million. The company's price-to-book ratio is 0.25, indicating a significant discount to its book value, while the price-to-tangible-book ratio is also 0.25, suggesting a similar valuation dynamic. The debt-to-equity ratio is 0.09, reflecting a conservative capital structure with minimal leverage. In terms of profitability, the company's return on equity (ROE) is 7.3%, and return on assets (ROA) is 4.63%. These figures are below the industry median for ROE and ROA in the Construction & Engineering sector, indicating that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization. The company's revenue is distributed across four segments: Flue Gas Treatment, Water Treatment, Hazardous and Solid Waste Treatment/Disposal, and Dual-Carbon New Energy+. However, the input data does not provide specific revenue figures for each segment, making it difficult to assess the degree of revenue concentration or geographic exposure. The company's growth trajectory is not explicitly detailed in the input data, but the low price-to-earnings ratio of 3.46 and the low price-to-revenue ratio of 0.31 suggest that the market may be pricing in limited near-term growth expectations. The outlook for the current fiscal year and the next fiscal year is not provided in the input data, so it is not possible to assess the direction of revenue or earnings. The risk assessment indicates that the company has low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's conservative capital structure, as evidenced by the low debt-to-equity ratio, also suggests a low risk of financial distress. There are no specific dilution sources identified in the input data, and the dilution potential is assessed as low. There are no recent events, such as filings or transcripts, provided in the input data that would indicate significant changes in the company's operations or financial position. The company's business model and financial performance appear to be stable, with no immediate signs of distress or transformation.
Key takeaways
  • The company has a conservative capital structure with a low debt-to-equity ratio of 0.09.
  • The price-to-book and price-to-tangible-book ratios are both 0.25, indicating a significant discount to book value.
  • The company's ROE and ROA are below the industry median, suggesting underperformance in capital efficiency and asset utilization.
  • The company has low liquidity and dilution risk, with no immediate filing-based flags detected.
  • The company's growth trajectory is not explicitly detailed, but the low valuation multiples suggest limited near-term growth expectations.
  • --
  • ## RATIONALES
  • ```json
Financial snapshot
PeriodHA-latest
CurrencyCNY
Revenue$2.23B
Gross profit$494.5M
Operating income$287.1M
Net income$239.9M
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets$5.18B
Total liabilities$1.89B
Total equity$3.29B
Cash & equivalents$440.8M
Long-term debt$308.2M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0
FY-1
FY-2
FY-3
FY-4
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0
FY-1
FY-2
FY-3
FY-4
PeriodOCFCapExFCFSBC
FY0
FY-1
FY-2
FY-3
FY-4
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
Valuation
Market price$0.97
Market cap$829.2M
Enterprise value$696.6M
P/E3.5
Reported non-GAAP P/E
EV/Revenue0.3
EV/Op income2.4
EV/OCF
P/B0.2
P/Tangible book0.2
Tangible book$3.29B
Net cash$132.6M
Current ratio1.7
Debt/Equity0.1
ROA4.6%
ROE7.3%
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Industrial & Commercial Services · cohort 5 companies
Metric2377Activity
Op margin12.9%9.5% medp25 4.9% · p75 12.7%top quartile
Net margin10.8%6.3% medp25 2.4% · p75 8.5%top quartile
Gross margin22.2%17.3% medp25 11.8% · p75 27.4%above median
CapEx / revenue2.4% medp25 1.1% · p75 3.3%
Debt / equity9.0%49.8% medp25 35.3% · p75 104.1%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-10 11:06 UTC#6f762a55
Market quoteclose CNY 0.97 · shares 0.85B diluted
no public URL
2026-05-10 11:06 UTC#91786a6d
Source: analysis-pipeline (hybrid)Generated: 2026-05-10 11:09 UTCJob: e95bb011