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2009.HK — HKEX Unclassified

BBMG Corp

HK$0,72
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Mcap
1,7B HKD
P/E
—
EV / Rev
1,4x
Div yield
10,27 %
Op margin
0,3 %
ROE
-0,7 %
Net margin
-0,4 %
Debt / equity
1,76
Beta
—
52w range
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Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
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Ex-dividend
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TR 1Y
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About

BBMG Corp is a construction materials company operating in the Materials sector, generating revenue primarily through the production and sale of building materials.

Business. BBMG Corp is a construction materials company operating in the Materials sector, generating revenue primarily through the production and sale of building materials.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
HOLD1 analysts
0 buy1 hold0 sell
Avg 12m price target—

Analyst recommendations

1 analysts · consensus Hold
Buy0
Hold1
Sell0
12-month price target
—
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
-0,7 %
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 2009.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Consumer Discretionary+0,4 %+7,7 %−0,2 %
    Information Technology+0,3 %+7,8 %−0,3 %
    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 2009.HK. 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

    BBMG Corp is a construction materials company operating in the Materials sector, generating revenue primarily through the production and sale of building materials.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED

    BBMG Corp exhibits a highly leveraged capital structure, with total liabilities of CNY 192.6 billion against total equity of CNY 71.0 billion, resulting in a debt-to-equity ratio of 1.76. The company holds long-term debt of CNY 125.3 billion, which significantly exceeds its market capitalization of CNY 1.3 billion. Liquidity is assessed as medium risk, supported by a current ratio of 1.46, indicating sufficient short-term assets to cover immediate obligations. However, the company reports negative net cash after subtracting total debt, highlighting a substantial net debt position.

    Profitability metrics are deeply negative, with a return on equity of -0.68% and a return on assets of -0.18%. The company recorded an operating income loss of CNY 360 million and a net income loss of CNY 1.0 billion for the latest period. Despite generating CNY 1.2 billion in operating cash flow, free cash flow remains negative at CNY -4.0 billion due to capital expenditures of CNY 2.9 billion. The valuation snapshot shows a price-to-book ratio of 0.02, suggesting the market values the company at a steep discount to its tangible book value.

    Key takeaways
    • BBMG Corp trades at a significant discount to book value with a P/B ratio of 0.02, reflecting market skepticism about asset quality or future profitability.
    • The company faces substantial leverage risk with a debt-to-equity ratio of 1.76 and long-term debt exceeding CNY 125 billion.
    • Profitability is negative, with a net income loss of CNY 1.0 billion and negative returns on both equity and assets.
    • Free cash flow is negative at CNY -4.0 billion, driven by capital expenditures that outpace operating cash flow generation.
    • Analyst sentiment is neutral with a "Hold" rating, and EPS estimates suggest continued earnings challenges.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Free cash flow improved by 18.3% year-over-year to negative 3.97 billion CNY in 2026, indicating a slight stabilization in cash burn.

    Revenue stabilized at 110.7 billion CNY in 2025 before declining, suggesting potential bottoming of top-line pressure.

    Capex to revenue ratio of -2.51% is above the cohort median of -3.74%, implying relatively lower capital intensity.

    BEAR CASE · 3

    Debt-to-equity ratio stands at 1.76, significantly higher than the cohort median of 0.4, indicating excessive financial leverage.

    The company faces a high credit risk flag, suggesting significant concerns regarding its ability to meet debt obligations.

    Return on equity is negative 0.68%, placing it in the bottom quartile of its cohort, demonstrating poor capital efficiency.

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-30
    FY 2026 · Full-year highlights

    Revenue ¥91.11B, −17,7% YoY; Operating income −195,4% YoY.

    Revenue¥91.11B−17,7 % YoY
    Operating income-¥359.6M−195,4 % YoY
    Net income-¥1.01B−81,8 % YoY
    Free cash flow-¥3.97B+18,3 % YoY
    EPS—
    Operating cash flow¥1.19B+122,3 % YoY
    Financials
    Income statement
    Revenue¥91.11B
    Gross profit¥9.89B
    Operating income-¥359.6M
    Net income-¥1.01B
    Margins
    Gross margin10.9%
    Operating margin-0.4%
    Net margin-1.1%
    FCF margin-4.4%
    Balance sheet
    Total assets¥263.62B
    Total liabilities¥192.59B
    Total equity¥71.02B
    Cash & equivalents—
    Long-term debt¥125.34B
    Cash flow
    Operating cash flow¥1.19B
    CapEx-¥2.88B
    Free cash flow-¥3.97B
    SBC—
    P&L flow · revenue → net income
    Revenue ¥91.11BOperating costs ¥91.47BFinance ¥2.81BNet income ¥1.01B
    Highlights
    • ▍Revenue ¥91.11B, −17,7% YoY
    • ▍Operating income −195,4% YoY
    • ▍Net income −81,8% YoY
    • ▍Free cash flow +18,3% YoY
    • ▍Net margin -1.1%

    Valuation FY

    Market price
    HK$0,72
    Market cap
    HK$1.31B
    Enterprise valueⓘ
    HK$126.65B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    1.4x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    106.8x
    P / Bⓘ
    0.0x
    P / Tangible bookⓘ
    0.0x
    Tangible book
    HK$71.02B
    Net cashⓘ
    -HK$125.34B
    Current ratioⓘ
    1.5
    Debt / equityⓘ
    1.8
    ROAⓘ
    -0.2%
    ROEⓘ
    -0.7%
    Cash conversionⓘ
    -246.0%
    CapEx / revenueⓘ
    -2.5%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Cement & Concrete Products—
    low · llm_fanout_v2
    Construction Materials Supply—
    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

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -0,21
    Predicted surprise
    +0,08
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    revision ratio 0,00 · as of 2026-07-10 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate-0,21
    Revenue—no estimate—no estimate95,7B CNY
    Operating income—no estimate—no estimate320,3M CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy0
    Hold1
    Sell0
    Strong sell0
    Operating income · consensus320,3M CNY
    EPS surprise
    +57,1 %
    reported vs consensus · beat
    Revenue surprise
    −4,8 %
    reported vs consensus · miss

    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 Margin0,3 %Bottom quartile
    Net Margin-0,4 %Bottom quartile
    ROE-0,7 %Bottom quartile
    Capex / Rev-2,5 %Above median
    D/E1,76Bottom quartile
    Cash Conv-2,46Bottom quartile

    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
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Ev To Revenue
      enterprise_value / revenue
    • Market Cap
      market_price * shares_outstanding_diluted
    • Return On Assets
      net_income / total_assets
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Enterprise Value
      market_cap - net_cash
    Source documents
    • BBMG Corp Market data — financials · 2026-07-10
    • BBMG Corp Market data — analyst estimates · 2026-07-10
    • BBMG Corp Market data — ESG · 2026-07-10

    Ownership & reference

    Leadership

    • Yingwu JiangExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2009.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,08Full forecast →
    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
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-03-30 18:05 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 91.11B · Net CNY -1.01B
    2025-03-28 22:46 UTCEARNINGSAnnual results — FY 2025 Revenue CNY 110.71B · Net CNY -555.2M
    2024-04-01 15:32 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 107.96B · Net CNY 25.3M
    2023-03-29 18:08 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 102.82B · Net CNY 1.21B
    2022-03-24 20:04 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 123.63B · Net CNY 2.93B
    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