---
title: "山高控股集团有限公司 (00412.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/00412.HK.md"
symbol: "00412.HK"
name: "山高控股集团有限公司"
industry: "独立电力和可再生能源电力生产商"
---

# 山高控股集团有限公司 (00412.HK)

| Item | Detail |
|------|--------|
| Industry | 独立电力和可再生能源电力生产商 |
| Location | 港股市场 |
| Website | [www.sdhg.com.hk](https://www.sdhg.com.hk) |

## Company Profile

山高控股集团有限公司 (原名：中国山东高速金融集团有限公司) 是一家主要从事投资业务的投资控股公司。该公司通过五个分部经营业务。非标准投资分部从事直接投资业务，包括投资债务工具、非上市债券、票据、非上市股本投资及投资基金。标准投资分部主要从事主要为利息收入、股息收入及资本增值而投资上市证券及上市债券。持牌业务分部主要从事提供放债服务、证券经纪服务、资产管理服务、咨询服务及资产交易平台。融资租赁分部主要从事直接融资租赁及咨询服务。科技金融分部主要从事在线投资及科技驱动贷款服务以及互联网新媒体服务。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:12.000Z

**Overall: C (0.57)**

**Industry**: Independent Power and Renewable Electricity Producers

| Metric | Value |
|--------|-------|
| Industry Ranking | 10 / 26 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 5.83% |  |
| Net Profit YoY | 719.11% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 22.02 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 10.71B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 5.69B |  |


**Multi Score**: C

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 5.19% | C |
| Profit Margin | 14.87% | A |
| Gross Margin | 50.28% | B |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 5.83% | C |
| Net Profit YoY | 719.11% | A |
| Total Assets YoY | -6.25% | D |
| Net Assets YoY | -27.32% | E |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1125.28% | B |
| OCF YoY | 5.83% | C |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.07 | E |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 73.46% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 山高控股集团有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "5.19%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "14.87%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "50.28%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "5.83%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "719.11%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "-6.25%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-27.32%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1125.28%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "5.83%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.07",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "73.46%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 中广核电力 (HK.1816) | B | D | D | D | C | C |
| 02 | 华润电力 (HK.836) | B | C | D | D | C | C |
| 03 | 华能国际电力股份 (HK.902) | C | C | C | D | C | C |
| 04 | 华电国际电力股份 (HK.1071) | C | D | C | D | C | C |
| 05 | 大唐发电 (HK.991) | C | C | C | D | C | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 20.22 | 18/26 | 1563.36 | 196.80 | 20.22 |
| PB | 21.27 | 22/26 | 75454.27 | 209.16 | 21.27 |
| PS (TTM) | 1.80 | 22/26 | 15.82 | 6.17 | 1.81 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/00412.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/00412.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/00412.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
