DistressRatio

236 Hong Kong Stock Exchange companies in Altman's distress band

236companies

An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.

Stocks · Non-US shares · Hong Kong Stock Exchange (HKSE) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC

How this list is built

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Hong Kong Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 660 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

50 of 236 companies

In the band Altman called distress, ranked by Altman Z-Score, largest company first
#	Company	Market	Sector	Altman Z-Score, in ratio	Current ratio, in ratio	Tangible equity ratio, in ratio	Operating margin, in percent	Altman Z-Score over time	Source
1	HKSE:1618Metallurgical Corporation of China Ltd.	HKSE	Industrials	1.45	1.05	0.16	3.4%	n/a	Source n/a
2	HKSE:1211BYD Company Limited	HKSE	Consumer Cyclical	1.66	0.79	0.23	5.0%	n/a	Source n/a
3	HKSE:0386China Petroleum & Chemical Corporation	HKSE	Energy	1.51	0.75	0.38	-0.6%	n/a	Source n/a
4	HKSE:3690Meituan	HKSE	Consumer Cyclical	1.78	1.82	0.38	-6.9%	n/a	Source n/a
5	HKSE:0728China Telecom Corporation Limited	HKSE	Communication Services	1.43	0.64	0.48	7.3%	n/a	Source n/a
6	HKSE:0001CK Hutchison Holdings Limited	HKSE	Industrials	1.73	1.57	0.21	36.4%	n/a	Source n/a
7	HKSE:1109China Resources Land Limited	HKSE	Real Estate	1.03	4.33	0.26	16.1%	n/a	Source n/a
8	HKSE:0066MTR Corporation Limited	HKSE	Industrials	1.27	0.91	0.42	15.2%	n/a	Source n/a
9	HKSE:2338Weichai Power Co., Ltd.	HKSE	Consumer Cyclical	1.42	1.15	0.14	6.2%	n/a	Source n/a
10	HKSE:1816CGN Power Co., Ltd.	HKSE	Utilities	0.60	0.66	0.22	24.3%	n/a	Source n/a
11	HKSE:1113CK Asset Holdings Limited	HKSE	Real Estate	1.66	3.76	0.78	21.0%	n/a	Source n/a
12	HKSE:0762China Unicom (Hong Kong) Limited	HKSE	Communication Services	1.03	0.63	0.53	4.7%	n/a	Source n/a
13	HKSE:0788China Tower Corporation Limited	HKSE	Communication Services	1.25	1.29	0.60	17.3%	n/a	Source n/a
14	HKSE:1766CRRC Corporation Limited	HKSE	Industrials	1.26	1.24	0.30	6.9%	n/a	Source n/a
15	HKSE:0012Henderson Land Development Company Limited	HKSE	Real Estate	1.45	9.89	0.60	16.9%	n/a	Source n/a
16	HKSE:0688China Overseas Land & Investment Ltd.	HKSE	Real Estate	0.98	2.80	0.42	12.4%	n/a	Source n/a
17	HKSE:0003The Hong Kong and China Gas Company Limited	HKSE	Utilities	1.76	0.62	0.34	15.0%	n/a	Source n/a
18	HKSE:9973Chery Automobile Co., Ltd.	HKSE	Consumer Cyclical	1.77	1.05	0.18	4.5%	n/a	Source n/a
19	HKSE:1024Kuaishou Technology	HKSE	Communication Services	0.21	1.15	0.48	14.4%	n/a	Source n/a
20	HKSE:0902Huaneng Power International, Inc.	HKSE	Utilities	0.58	0.52	0.19	13.7%	n/a	Source n/a
21	HKSE:1171Yankuang Energy Group Company Limited	HKSE	Energy	0.66	0.85	-0.07	11.1%	n/a	Source n/a
22	HKSE:0836China Resources Power Holdings Company Limited	HKSE	Utilities	0.71	0.51	0.26	20.6%	n/a	Source n/a
23	HKSE:0293Cathay Pacific Airways Limited	HKSE	Industrials	1.45	0.38	0.28	12.1%	n/a	Source n/a
24	HKSE:0763ZTE Corporation	HKSE	Technology	1.67	1.76	0.32	4.8%	n/a	Source n/a
25	HKSE:3808Sinotruk (Hong Kong) Limited	HKSE	Industrials	1.64	1.06	0.29	7.4%	n/a	Source n/a
26	HKSE:6823HKT Trust and HKT Limited	HKSE	Communication Services	1.11	0.43	-0.70	22.7%	n/a	Source n/a
27	HKSE:1787Shandong Gold Mining Co., Ltd.	HKSE	Basic Materials	1.11	0.47	0.20	9.0%	n/a	Source n/a
28	HKSE:1928Sands China Ltd.	HKSE	Consumer Cyclical	1.53	0.76	0.06	19.3%	n/a	Source n/a
29	HKSE:0390China Railway Group Limited	HKSE	Industrials	0.63	0.96	0.03	4.5%	n/a	Source n/a
30	HKSE:1138COSCO SHIPPING Energy Transportation Co., Ltd.	HKSE	Industrials	1.66	1.22	0.50	21.0%	n/a	Source n/a
31	HKSE:1208MMG Limited	HKSE	Basic Materials	1.44	0.76	0.17	46.3%	n/a	Source n/a
32	HKSE:0144China Merchants Port Holdings Company Limited	HKSE	Industrials	1.42	0.72	0.59	37.2%	n/a	Source n/a
33	HKSE:0753Air China Limited	HKSE	Industrials	0.13	0.30	0.11	-3.0%	n/a	Source n/a
34	HKSE:0670China Eastern Airlines Corporation Limited	HKSE	Industrials	-0.05	0.21	0.09	1.7%	n/a	Source n/a
35	HKSE:1186China Railway Construction Corporation Limited	HKSE	Industrials	0.75	1.03	0.09	4.5%	n/a	Source n/a
36	HKSE:0177Jiangsu Expressway Company Limited	HKSE	Industrials	1.36	0.52	-0.22	27.3%	n/a	Source n/a
37	HKSE:2588BOC Aviation Limited	HKSE	Industrials	0.62	0.59	0.25	26.3%	n/a	Source n/a
38	HKSE:2638HK Electric Investments and HK Electric Investments Limited	HKSE	Utilities	0.50	0.09	0.18	41.0%	n/a	Source n/a
39	HKSE:2333Great Wall Motor Company Limited	HKSE	Consumer Cyclical	1.79	1.09	0.28	7.0%	n/a	Source n/a
40	HKSE:1071Huadian Power International Corporation Limited	HKSE	Utilities	0.55	0.38	0.15	7.5%	n/a	Source n/a
41	HKSE:9927Seres Group Co.,Ltd	HKSE	Consumer Cyclical	1.64	1.05	0.21	4.5%	n/a	Source n/a
42	HKSE:1072Dongfang Electric Corporation Limited	HKSE	Industrials	1.11	1.05	0.26	5.7%	n/a	Source n/a
43	HKSE:1800China Communications Construction Company Limited	HKSE	Industrials	0.61	0.91	0.07	5.1%	n/a	Source n/a
44	HKSE:0270Guangdong Investment Limited	HKSE	Utilities	1.58	1.15	0.24	38.8%	n/a	Source n/a
45	HKSE:1772Ganfeng Lithium Co., Limited	HKSE	Basic Materials	0.96	0.92	0.26	5.1%	n/a	Source n/a
46	HKSE:9863Zhejiang Leapmotor Technology Co., Ltd.	HKSE	Consumer Cyclical	1.13	0.93	0.22	0.3%	n/a	Source n/a
47	HKSE:9660Horizon Robotics	HKSE	Technology	-0.16	1.43	0.41	-109.0%	n/a	Source n/a
48	HKSE:0916China Longyuan Power Group Corporation Limited	HKSE	Utilities	0.57	0.71	0.27	27.3%	n/a	Source n/a
49	HKSE:3311China State Construction International Holdings Limited	HKSE	Industrials	1.11	1.41	0.24	13.3%	n/a	Source n/a
50	HKSE:0991Datang International Power Generation Co., Ltd.	HKSE	Utilities	0.35	0.42	0.23	13.1%	n/a	Source n/a

This is the top of the list. The rest is a page away and no plan is needed for it.

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.