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002060.SZ Shenzhen Stock Exchange Unclassified

Guangdong Construction Engineering Group Co Ltd

¥3,54
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Mcap
13,3B CNY
P/E
10,6x
EV / Rev
0,7x
Div yield
4,53 %
Op margin
2,3 %
ROE
7,9 %
Net margin
1,7 %
Debt / equity
2,72
Beta
52w range
Volume
Day range
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About

Guangdong Construction Engineering Group Co Ltd is a construction and engineering firm operating in the Industrials sector, generating revenue through engineering services and construction projects.

Business. Guangdong Construction Engineering Group Co Ltd is a construction and engineering firm operating in the Industrials sector, generating revenue through engineering services and construction projects.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
10,6x
P/E
Analysts
not yet wired
Ownership
not yet wired
Profitability
7,9 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 002060.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 002060.SZ. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Guangdong Construction Engineering Group Co Ltd is a construction and engineering firm operating in the Industrials sector, generating revenue through engineering services and construction projects.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED

    The company maintains a highly leveraged capital structure, with total liabilities of CNY 134.4 billion against total equity of CNY 14.4 billion, resulting in a debt-to-equity ratio of 2.72. Long-term debt stands at CNY 39.2 billion. Liquidity is tight, evidenced by a current ratio of 1.0 and negative operating cash flow of CNY -3.5 billion. The firm generated negative free cash flow of CNY -1.9 billion, driven by capital expenditures of CNY -3.2 billion. The market capitalization is CNY 11.8 billion, trading at a price-to-book ratio of 0.82, indicating the market values the company below its book equity.

    Profitability metrics show a net income of CNY 1.1 billion on revenue of CNY 68.9 billion, yielding a net margin of approximately 1.6%. Return on equity is 7.93%, while return on assets is a modest 0.77%. The gross profit is CNY 7.4 billion, and operating income is CNY 1.6 billion. Without specific cohort median data provided in the input, these returns are assessed in isolation, though the low ROA suggests significant asset intensity typical of the construction sector. The EV/EBITDA multiple is 32.54, which appears elevated relative to the low P/E of 10.31, potentially reflecting high net debt or low EBITDA relative to earnings.

    Key takeaways
    • High leverage with a debt-to-equity ratio of 2.72 and total liabilities exceeding CNY 134 billion.
    • Negative operating cash flow of CNY -3.5 billion and free cash flow of CNY -1.9 billion indicate cash burn.
    • Trading at a discount to book value with a P/B ratio of 0.82 and a P/E ratio of 10.31.
    • Low return on assets (0.77%) reflects the asset-intensive nature of the construction business.
    • Medium liquidity risk due to a current ratio of 1.0 and negative net cash position.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Revenue grew at a 47.7% CAGR over four years, demonstrating strong historical top-line expansion capabilities.

    Net income increased 5.3% year-over-year, indicating recent profitability resilience despite broader revenue fluctuations.

    Cash conversion ratio of 2.07 significantly outperforms the cohort median of 1.2, highlighting strong operational cash generation.

    Free cash flow improved by 20.2% year-over-year, suggesting better management of capital expenditures and working capital.

    BEAR CASE · 5

    Debt-to-equity ratio of 2.72 is in the bottom quartile, indicating significantly higher leverage than peers.

    Operating margin of 2.26% falls in the bottom quartile, reflecting thin profitability compared to industry standards.

    High credit risk flag suggests significant potential for loan losses or counterparty defaults impacting financial stability.

    Net margin of 1.65% is below the cohort median of 5.28%, indicating weaker bottom-line performance than peers.

    Medium liquidity risk flag indicates potential challenges in meeting short-term financial obligations promptly.

    In focus — financials by report

    Annual
    ANNUALFiled 2024-03-08
    FY 2024 · Full-year highlights

    Revenue ¥80.86B, −2,1% YoY; Operating income −0,5% YoY.

    Revenue¥80.86B−2,1 % YoY
    Operating income¥2.00B−0,5 % YoY
    Net income¥1.53B−10,3 % YoY
    Free cash flow-¥5.99B−73,5 % YoY
    EPS
    Operating cash flow¥2.37B−15,1 % YoY
    Financials
    Income statement
    Revenue¥80.86B
    Gross profit¥7.55B
    Operating income¥2.00B
    Net income¥1.53B
    Margins
    Gross margin9.3%
    Operating margin2.5%
    Net margin1.9%
    FCF margin-7.4%
    Balance sheet
    Total assets¥133.39B
    Total liabilities¥120.37B
    Total equity¥13.02B
    Cash & equivalents
    Long-term debt¥33.96B
    Cash flow
    Operating cash flow¥2.37B
    CapEx-¥7.49B
    Free cash flow-¥5.99B
    SBC
    P&L flow · revenue → net income
    Revenue ¥68.92BOperating costs ¥67.30BFinance ¥889.8MNet income ¥1.11B
    Highlights
    • Revenue ¥80.86B, −2,1% YoY
    • Operating income −0,5% YoY
    • Net income −10,3% YoY
    • Free cash flow −73,5% YoY
    • Net margin 1.9%

    Valuation FY

    Market price
    ¥3,54
    Market cap
    ¥11.79B
    Enterprise value
    ¥50.95B
    P/E
    10.6x
    Non-GAAP P/E
    EV / Revenue
    0.7x
    EV / Op income
    31.4x
    EV / OCF
    21.5x
    P / B
    0.8x
    P / Tangible book
    0.8x
    Tangible book
    ¥14.41B
    Net cash
    -¥39.16B
    Current ratio
    1.0
    Debt / equity
    2.7
    ROA
    0.8%
    ROE
    7.9%
    Cash conversion
    207.0%
    CapEx / revenue
    -10.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Building Construction
    low · llm_fanout_v2
    EPC & Engineering Services
    low · llm_fanout_v2

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin2,3 %Below median
    Net Margin1,7 %Below median
    ROE7,9 %Above median
    Capex / Rev-10,8 %Bottom quartile
    D/E2,72Bottom quartile
    Cash Conv2,07Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Ev To Operating Income
      enterprise_value / operating_income
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Enterprise Value
      market_cap - net_cash
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Guangdong Construction Engineering Group Co Ltd Market data — financials · 2026-07-06

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    002060.SZCanonical
    Shenzhen Stock Exchange · CNY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2024-03-08 15:32 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 80.86B · Net CNY 1.53B
    2023-03-28 17:07 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 82.57B · Net CNY 1.71B
    2022-01-28 16:39 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 14.36B · Net CNY 328.0M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage