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Mingfa Group (International) Company Limited logo

Mingfa Group (International) Company Limited

0846.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.083

+HK$0.008 · +10.67%

Aug 21, 11:34 AM HKTData delayed

0846.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding company, Mingfa Group (International) Company Limited primarily operates in the People's Republic of China, focusing on property development, property leasing, and hotel management. Its operations are structured into three key segments: Property Development, dedicated to creating commercial and residential real estate; Hotel, which manages and runs hotel facilities; and Property Investment and Management, encompassing real estate investments alongside providing management and security services for residential, hotel, and commercial properties. Additionally, the company diversifies its activities by manufacturing and selling furniture, trading construction materials, offering sports services, and delivering consultancy. Founded in Nanjing, PRC, in 1994, Mingfa Group (International) Company Limited functions as a subsidiary of Galaxy Earnest Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Xuan Shang
Listed since
Nov 13, 2009
Employees
2,990

Market position

Day range

Current HK$0.083

52-week range

Current HK$0.083

Open
HK$0.082
Previous close
HK$0.075
Volume
100K
0.88× average
Average volume
113.38K
Average daily volume
Market cap
505.76M HKD
Beta
-0.23
Market reference 1
50-day average
HK$0.0856
-3.06% below average
200-day average
HK$0.1007
-17.60% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.83B CNY
P/E (TTM)
-0.35×
P/B (TTM)
0.03×
P/S (TTM)
0.1×
EV / EBITDA
391.54×
Earnings yield
-200.19%
Free cash flow yield
-68.05%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
18.03%
Operating margin
-24.57%
Net margin
-27.98%
Return on equity
-8.46%
Return on assets
-2.14%
Return on invested capital
-1.88%

Financial health

Debt / equity
0.19×
Current ratio
7.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%13%-10%-34%Gross margin, FY2021: 30.53%Gross margin, FY2022: 22.16%Gross margin, FY2023: 20.41%Gross margin, FY2024: 21.58%Gross margin, FY2025: 18.03%Operating margin, FY2021: 22.86%Operating margin, FY2022: 9.90%Operating margin, FY2023: -0.76%Operating margin, FY2024: -16.99%Operating margin, FY2025: -24.57%Net margin, FY2021: 11.47%Net margin, FY2022: 0.45%Net margin, FY2023: -4.90%Net margin, FY2024: -25.48%Net margin, FY2025: -27.98%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.53%. Gross margin FY2022 22.16%. Gross margin FY2023 20.41%. Gross margin FY2024 21.58%. Gross margin FY2025 18.03%. Operating margin FY2021 22.86%. Operating margin FY2022 9.90%. Operating margin FY2023 -0.76%. Operating margin FY2024 -16.99%. Operating margin FY2025 -24.57%. Net margin FY2021 11.47%. Net margin FY2022 0.45%. Net margin FY2023 -4.90%. Net margin FY2024 -25.48%. Net margin FY2025 -27.98%.

Income trends

Revenue

4.39B CNY-37.62%

Operating income

−1.08B CNY+9.80%

Net income

−1.23B CNY+31.48%
Income trends across reported periods18.24B CNY10.95B CNY3.67B CNY−3.61B CNYRevenue, FY2021: 16.42B CNYRevenue, FY2022: 10.57B CNYRevenue, FY2023: 9.52B CNYRevenue, FY2024: 7.03B CNYRevenue, FY2025: 4.39B CNYOperating income, FY2021: 3.75B CNYOperating income, FY2022: 1.05B CNYOperating income, FY2023: −72.17M CNYOperating income, FY2024: −1.19B CNYOperating income, FY2025: −1.08B CNYNet income, FY2021: 1.88B CNYNet income, FY2022: 47.96M CNYNet income, FY2023: −467.13M CNYNet income, FY2024: −1.79B CNYNet income, FY2025: −1.23B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.42B CNY. Revenue FY2022 10.57B CNY. Revenue FY2023 9.52B CNY. Revenue FY2024 7.03B CNY. Revenue FY2025 4.39B CNY. Operating income FY2021 3.75B CNY. Operating income FY2022 1.05B CNY. Operating income FY2023 −72.17M CNY. Operating income FY2024 −1.19B CNY. Operating income FY2025 −1.08B CNY. Net income FY2021 1.88B CNY. Net income FY2022 47.96M CNY. Net income FY2023 −467.13M CNY. Net income FY2024 −1.79B CNY. Net income FY2025 −1.23B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue4.39B CNY7.03B CNY9.52B CNY10.57B CNY16.42B CNY
Cost of goods sold3.59B CNY5.51B CNY7.58B CNY8.23B CNY11.4B CNY
Gross profit790.77M CNY1.52B CNY1.94B CNY2.34B CNY5.01B CNY
Selling, general, and administrative793.95M CNY1.09B CNY1.06B CNY1.41B CNY1.64B CNY
Operating expenses1.87B CNY2.71B CNY2.02B CNY1.3B CNY1.28B CNY
Interest income3.23M CNY53.03M CNY21.79M CNY25.84M CNY30.77M CNY
Interest expense625K CNY1M CNY1.52M CNY2.59M CNY4.32M CNY
Depreciation and amortization130.31M CNY179.29M CNY173.3M CNY162.05M CNY122.44M CNY
Operating income−1.08B CNY−1.19B CNY−72.17M CNY1.05B CNY3.75B CNY
Net income−1.23B CNY−1.79B CNY−467.13M CNY47.96M CNY1.88B CNY

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.05

2012 complete year0.0% since 2010

Corporate action history

Dividend

Ex-dividend May 23, 2012

HK$0.05

Annual

Dividend

Ex-dividend May 6, 2011

HK$0.075

Annual

Dividend

Ex-dividend May 24, 2010

HK$0.05

Annual

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