---
title: "山西省安裝集團股份有限公司 (02520.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02520.HK.md"
symbol: "02520.HK"
name: "山西省安裝集團股份有限公司"
industry: "工程承包商"
---

# 山西省安裝集團股份有限公司 (02520.HK)

| Item | Detail |
|------|--------|
| Industry | 工程承包商 |
| Location | 港股市場 |
| Website | [www.sxaz.com.cn](https://www.sxaz.com.cn) |

## Company Profile

許可項目:電氣安裝服務;民用核安全設備安裝;建設工程施工;建築勞務分包;施工專業作業;公路工程監理;城市建築垃圾處置(清運);建築智能化系統設計;建設工程勘察;建設工程設計;測繪服務;建設工程監理;住宅室內裝飾裝修;發電業務、輸電業務、供(配)電業務;供電業務;輸電、供電、受電電力設施的安裝、維修和試驗;特種設備安裝改造修理;特種設備設計;特種設備檢驗檢測;大型遊樂設施製造;特種設備製造;安全生產檢驗檢測;建設工程質量檢測;檢驗檢測服務;建築物拆除作業(爆破作業除外);安全評價業務。(依法須經批准的項目,經相關部門批准後方可開展經營活動,具體經營項目以相關部門批准文件或許可証件為准)一般項目:...

## 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: 2026-02-24T04:30:10.000Z

**Overall: D (0.60)**

**Industry**: Construction and Engineering

| Metric | Value |
|--------|-------|
| Industry Ranking | 119 / 168 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature 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 | -6.78% |  |
| Net Profit YoY | -16.30% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.85 |  |
| Dividend Ratio | 0.25% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 2.67B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 12.14B |  |


**Multi Score**: D

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 4.70% | C |
| Profit Margin | 1.18% | C |
| Gross Margin | 14.86% | D |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.78% | D |
| Net Profit YoY | -16.30% | D |
| Total Assets YoY | 4.83% | C |
| Net Assets YoY | 1.34% | C |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 8474.65% | A |
| OCF YoY | -6.78% | D |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.45 | C |

#### Debt Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 86.60% | E |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 山西省安裝集團股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "4.70%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "1.18%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "14.86%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-6.78%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-16.30%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "4.83%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "1.34%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "8474.65%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "-6.78%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.45",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "E",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "86.60%",
          "rating": "E"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 中環新能源 (HK.1735) | C | A | A | D | A | B |
| 02 | 智雲科技建設 (HK.9900) | C | D | A | B | B | B |
| 03 | 俊裕地基 (HK.1757) | D | B | A | D | A | B |
| 04 | 晉景新能 (HK.1783) | C | A | A | B | A | B |
| 05 | 利基控股 (HK.240) | B | B | A | D | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 13.47 | 50/172 | 21.07 | 18.49 | 16.58 |
| PB | 0.84 | 82/172 | 0.99 | 0.95 | 0.92 |
| PS (TTM) | 0.20 | 44/172 | 0.23 | 0.22 | 0.21 |
| Dividend Yield | 0.26% | 42/172 | 0.23% | 0.23% | 0.15% |

## References

- [Company Overview](https://longbridge.com/en/quote/02520.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02520.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02520.HK/topics.md) - Community topics and discussions

---

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