Baoye Group Co., Ltd. Class H

Baoye Group Co., Ltd. Class H

2.68
HKD
+0.02
(+0.56%)
2.06BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
26.48
29.39
29.41
29.72
32.17
40.62
44.07
44.92
47.69
45.04
50.33
42.9
38.31
- -
Basic EPS, GAAP
1
1.01
0.91
0.86
1.03
1.53
1.52
1.41
1.4
1.3
1.69
0.79
0.56
- -
Free Cash Flow per Basic Share
0.52
0.36
2.77
1.11
-4.57
1.82
-1.42
2.5
0.86
1.46
1.43
-0.59
-1.19
- -
Dividend per Share
0.21
0.1
0.1
0.1
- -
- -
- -
- -
- -
- -
- -
- -
0.12
- -
Book Value per Share
8.31
9.46
10.41
11.15
12.48
14.82
16.33
17.74
19.38
21.13
24.16
24.95
25.2
25.2
Tangible Book Value per Share
7.44
8.58
9.6
10.31
11.62
13.69
15.12
16.49
17.46
19.04
22.05
22.9
23.49
23.49
Basic Weighted Avg Shares
663
643
619
612
590
572
563
563
562
542
526
521
521
521
Sales/Revenue/Turnover
17,553
18,898
18,216
18,196
18,978
23,231
24,799
25,275
26,782
24,425
26,479
22,339
19,947
- -
Operating Margin (%)
4.31
3.79
4.24
3.37
3.92
5.66
5.23
5.05
4.66
4.08
4.63
3.96
3.12
- -
Depreciation Expense
117
123
121
124
131
155
189
238
265
306
314
261
247
- -
Net Income, GAAP
663
649
564
527
609
874
857
794
788
705
889
410
290
- -
Effective Tax Rate (%)
27.82
18.73
32
30.1
30.22
33.46
33.51
35.74
31.49
37.73
43.26
48.79
49.84
- -
Profit Margin (%)
3.78
3.43
3.09
2.9
3.21
3.76
3.45
3.14
2.94
2.89
3.36
1.83
1.45
- -
Working Capital
3,240
3,771
4,082
4,255
3,561
3,696
5,802
6,689
6,009
6,125
6,831
6,881
7,495
7,495
LT Debt
243
289
- -
- -
71
434
1,963
2,221
979
601
1,013
439
556
556
Total Equity
5,610
6,090
6,526
6,998
7,496
8,568
9,584
10,355
11,349
11,855
13,004
13,548
13,638
13,638
Return on Invested Capital (%)
9.43
8.76
8.18
6.63
6.56
8.12
7.28
6.03
6.08
4.42
5.2
2.87
1.95
- -
Return on Capital (%)
10.25
9.02
7.22
7.01
7.04
7.91
6.66
5.52
4.93
4.73
5.7
2
1.73
- -
Return on Common Equity (%)
12.64
11.3
9.13
7.98
8.61
11.17
9.78
8.28
7.56
6.33
7.41
3.21
2.22
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3,282
3,555
3,504
LT Borrowings
429
426
549
LT Finance Leases
9
8
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
521
521
521
Market Capitalization
2,113
1,996
1,853

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
37,831
37,142
35,302
Cash, Cash Equivalents & STI
8,907
9,472
10,040
Accounts Receivable, Net
6,148
6,598
5,729
Inventories
13,702
14,088
11,666
Total Current Liabilities
30,950
30,110
27,807
Payables & Accruals
- -
- -
- -
ST Debt
3,282
3,555
3,504
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.72%
5.72%
0.67%
Free Cash Flow
-119.42%
-9.42%
100.71%
Net Income, GAAP
-2.51%
-13.68%
-29.34%
Sales/Revenue/Turnover
1.45%
-4.16%
-10.71%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
26,479
2024
- -
- -
22,339
2025
- -
- -
19,947

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.69
2024
- -
- -
0.79
2025
- -
- -
0.56

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.12

Company Description

CEO
Baogen Pang
Full Time Employees
5,823
Sector
Industrial services
Industry
Engineering & construction
Address
No.1687 Guazhu East Road Shaoxing ZH China 312030
IPO Date
Jun 30, 2003
Business
Baoye Group Company Limited (2355.HK), founded in 1974 and headquartered in Shaoxing, Zhejiang Province, People's Republic of China, provides construction services; property development; and building materials manufacturing and distribution primarily in China through its three core segments. The Construction segment undertakes government and public buildings, urban facilities and infrastructure, commercial buildings, residential buildings, industrial buildings; electrical and electronic installation; fireproof facilities installation; and curtain wall installation for domestic projects including high-profile developments such as the Zhejiang Provincial Innovation Center of Advanced Textile Technology and Mirror Lake Hotel Upgrading Project. The Property Development segment develops and sells residential and mixed-use properties, including high-rise and multi-storey units incorporating the company's proprietary one-hundred-year construction technology, with recent land acquisitions such as a RMB510 million site in 2021 for decorated and non-decorated units. The Building Materials segment manufactures and supplies curtain walls, ready-mixed concrete, furnishings and interior decorations, wooden products, fireproof materials, PC assembly boards, steel frameworks, machinery and fittings, concrete prefabricated parts, steel and wood fireproof doors; and provides decoration, architectural and interior design services, with industrialized housing capabilities using light steel structure and precast concrete assembly systems across bases in Zhejiang, Shanghai, Anhui, Hubei and Jiangsu provinces. The company operates regional subsidiaries in the Yangtze Delta Area, Anhui and Hubei, maintains a workforce of approximately 5,870 employees, and focuses on environmentally friendly, healthy housing solutions while expanding housing industrialization for mass production scale. Recent developments include acquisition of high-end projects in 2023 such as heating infrastructure EPC in Qingguang Town; approval of final dividend for 2024 payable in July 2025 reflecting sustained profitability with net income of HK$444.43 million on revenue of HK$24.22 billion; strategic cooperation agreement in 2024 with CHINT Global for electric power, new energy, housing construction and industry projects radiating to Belt and Road countries; and earnings guidance for the six months ended June 30, 2025 indicating H1 ROE of 1.08% amid ongoing domestic market focus.