---
title: "山高控股集團有限公司 (00412.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/00412.HK.md"
symbol: "00412.HK"
name: "山高控股集團有限公司"
industry: "獨立電力和可再生能源電力生產商"
---

# 山高控股集團有限公司 (00412.HK)

| Item | Detail |
|------|--------|
| Industry | 獨立電力和可再生能源電力生產商 |
| Location | 港股市場 |
| Website | [www.sdhg.com.hk](https://www.sdhg.com.hk) |

## Company Profile

山高控股集團有限公司(原名:中國山東高速金融集團有限公司)是一家主要從事投資業務的投資控股公司。該公司通過五個分部經營業務。非標準投資分部從事直接投資業務,包括投資債務工具、非上市債券、票據、非上市股本投資及投資基金。標準投資分部主要從事主要為利息收入、股息收入及資本增值而投資上市證券及上市債券。持牌業務分部主要從事提供放債服務、證券經紀服務、資產管理服務、諮詢服務及資產交易平臺。融資租賃分部主要從事直接融資租賃及諮詢服務。科技金融分部主要從事在線投資及科技驅動貸款服務以及互聯網新媒體服務。

## 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 - 山高控股集團有限公司",
  "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 | 中廣核電力 (HK.1816) | B | D | D | D | C | C |
| 02 | 華潤電力 (HK.836) | B | C | D | D | C | C |
| 03 | 華能國際電力股份 (HK.902) | C | C | C | D | C | C |
| 04 | 華電國際電力股份 (HK.1071) | C | D | C | D | C | C |
| 05 | 大唐發電 (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.