---
title: "中國網成集團股份有限公司 (01920.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/01920.HK.md"
symbol: "01920.HK"
name: "中國網成集團股份有限公司"
industry: "住宅建築公司"
---

# 中國網成集團股份有限公司 (01920.HK)

| Item | Detail |
|------|--------|
| Industry | 住宅建築公司 |
| Location | 港股市場 |
| Website | [www.wacan.com.hk/en](https://www.wacan.com.hk/en) |

## Company Profile

中國網成集團股份有限公司(原名:中國網成集團有限公司))是一家主要從事提供建築服務的投資控股公司。該公司通過兩個分部運營業務。建築服務分部主要提供泥水工程及其他泥水相關配套工程服務,其中泥水工程包括批蕩工程、鋪砌瓦片工程、砌磚工程和雲石工程,例如地臺、牆壁及天花板批蕩、內外牆及地臺鋪砌瓦片、砌磚等;泥水工程相關配套工程包括潤色、鑿切、平整、清潔、唧膠、洗水石米等。建築資訊科技服務分部主要提供線上平臺以協助客戶查詢工程項目相關資料。該公司還從事美容養生業務。

## 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: 2026-02-20T04:30:10.000Z

**Overall: C (0.43)**

**Industry**: Homebuilding

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 3 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth stage.
- **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 | 62.98% |  |
| Net Profit YoY | 67.21% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 15.97 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 385.64M |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 136.64M |  |


**Multi Score**: C

#### Profit Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -68.45% | E |
| Profit Margin | -12.99% | D |
| Gross Margin | 12.71% | D |

#### Growth Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 62.98% | A |
| Net Profit YoY | 67.21% | A |
| Total Assets YoY | 19.95% | A |
| Net Assets YoY | -12.82% | E |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -769.92% | E |
| OCF YoY | 62.98% | A |

#### Operating Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 2.64 | A |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 57.24% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 中國網成集團股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "E",
      "indicators": [
        {
          "name": "ROE",
          "value": "-68.45%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-12.99%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "12.71%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "A",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "62.98%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "67.21%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "19.95%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "-12.82%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-769.92%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "62.98%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "A",
      "indicators": [
        {
          "name": "Turnover",
          "value": "2.64",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "57.24%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 承達集團 (HK.1568) | C | D | B | C | C | C |
| 02 | 中國網成 (HK.1920) | E | A | A | D | C | C |
| 03 | GC CONSTRUCTION (HK.1489) | E | E | A | A | E | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -26.58 | 3/3 | - | - | - |
| PB | 19.53 | 3/3 | 15.87 | 8.89 | 6.28 |
| PS (TTM) | 3.45 | 3/3 | 1.65 | 1.19 | 1.08 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/01920.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/01920.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/01920.HK/topics.md) - Community topics and discussions

---

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