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Qingling Motors Co., Ltd. logo

Qingling Motors Co., Ltd.

1122.HK

HKSEConsumer CyclicalAuto - Manufacturers

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Latest quote

HK$0.565

−HK$0.02 · -3.42%

Aug 24, 4:08 PM HKT

1122.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Qingling Motors Co., Ltd., together with its subsidiaries, produces and sells Isuzu trucks in the People's Republic of China. The company offers light, medium, and heavy-duty trucks; pick-up trucks; and chassis, automobile parts, accessories, and others, as well as fuel and electric vehicle, and hydrogen fuel cell vehicle and engines. It is also involved in the production of molds for manufacturing automobile parts; and automobile retailing business and provision of after-sales service. In addition, it exports its products. The company was founded in 1985 and is based in Central, Hong Kong. Qingling Motors Co., Ltd. is a subsidiary of Qingling Motors (Group) Company Limited.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Dengke Xu
Listed since
Aug 17, 1994
Employees
2,996

Market position

Day range

Current HK$0.565

52-week range

Current HK$0.565

Open
HK$0.59
Previous close
HK$0.585
Volume
2.17M
1.2× average
Average volume
1.82M
Average daily volume
Market cap
1.4B HKD
Beta
0.98
Market reference 1
50-day average
HK$0.6616
-14.60% below average
200-day average
HK$0.893
-36.73% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
861.05M CNY
P/E (TTM)
-45.71×
P/B (TTM)
0.16×
P/S (TTM)
0.28×
EV / EBITDA
-6.38×
Earnings yield
-1.28%
Free cash flow yield
-30.52%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.99%
Operating margin
-5.85%
Net margin
-0.60%
Return on equity
-0.36%
Return on assets
-0.25%
Return on invested capital
13.88%

Financial health

Debt / equity
0×
Current ratio
2.57×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%4%-6%-15%Gross margin, FY2021: 11.48%Gross margin, FY2022: 3.55%Gross margin, FY2023: 6.21%Gross margin, FY2024: 6.57%Gross margin, FY2025: 8.99%Operating margin, FY2021: -3.98%Operating margin, FY2022: -12.91%Operating margin, FY2023: -6.56%Operating margin, FY2024: -5.60%Operating margin, FY2025: -5.85%Net margin, FY2021: 6.67%Net margin, FY2022: -0.45%Net margin, FY2023: -1.51%Net margin, FY2024: -1.34%Net margin, FY2025: -0.60%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.48%. Gross margin FY2022 3.55%. Gross margin FY2023 6.21%. Gross margin FY2024 6.57%. Gross margin FY2025 8.99%. Operating margin FY2021 -3.98%. Operating margin FY2022 -12.91%. Operating margin FY2023 -6.56%. Operating margin FY2024 -5.60%. Operating margin FY2025 -5.85%. Net margin FY2021 6.67%. Net margin FY2022 -0.45%. Net margin FY2023 -1.51%. Net margin FY2024 -1.34%. Net margin FY2025 -0.60%.

Income trends

Revenue

4.37B CNY+5.89%

Operating income

−255.57M CNY-10.66%

Net income

−26.32M CNY+52.24%
Income trends across reported periods5.35B CNY3.25B CNY1.15B CNY−944.22M CNYRevenue, FY2021: 4.83B CNYRevenue, FY2022: 3.25B CNYRevenue, FY2023: 3.6B CNYRevenue, FY2024: 4.12B CNYRevenue, FY2025: 4.37B CNYOperating income, FY2021: −192.31M CNYOperating income, FY2022: −419.45M CNYOperating income, FY2023: −235.87M CNYOperating income, FY2024: −230.96M CNYOperating income, FY2025: −255.57M CNYNet income, FY2021: 322.08M CNYNet income, FY2022: −14.58M CNYNet income, FY2023: −54.27M CNYNet income, FY2024: −55.1M CNYNet income, FY2025: −26.32M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.83B CNY. Revenue FY2022 3.25B CNY. Revenue FY2023 3.6B CNY. Revenue FY2024 4.12B CNY. Revenue FY2025 4.37B CNY. Operating income FY2021 −192.31M CNY. Operating income FY2022 −419.45M CNY. Operating income FY2023 −235.87M CNY. Operating income FY2024 −230.96M CNY. Operating income FY2025 −255.57M CNY. Net income FY2021 322.08M CNY. Net income FY2022 −14.58M CNY. Net income FY2023 −54.27M CNY. Net income FY2024 −55.1M CNY. Net income FY2025 −26.32M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue4.37B CNY4.12B CNY3.6B CNY3.25B CNY4.83B CNY
Cost of goods sold3.97B CNY3.85B CNY3.37B CNY3.13B CNY4.27B CNY
Gross profit392.78M CNY270.85M CNY223.35M CNY115.16M CNY554.34M CNY
Research and development214.83M CNY185.77M CNY177.8M CNY243.13M CNY269.93M CNY
Selling, general, and administrative424.65M CNY417.47M CNY395.22M CNY291.47M CNY476.73M CNY
Operating expenses648.34M CNY501.81M CNY459.23M CNY534.61M CNY746.65M CNY
Interest income131.52M CNY150.52M CNY148.01M CNY181.08M CNY178.36M CNY
Interest expense2.65M CNY2.19M CNY1.68M CNY4.72M CNY1.37M CNY
Depreciation and amortization120.66M CNY89.31M CNY112.58M CNY84.25M CNY80.65M CNY
Operating income−255.57M CNY−230.96M CNY−235.87M CNY−419.45M CNY−192.31M CNY
Net income−26.32M CNY−55.1M CNY−54.27M CNY−14.58M CNY322.08M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.130.07-0-0.07Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.065, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.092, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 25, 2022: actual 0.014, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual -0.02, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.003, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.027, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual -0.005, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.018, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.39B2.72B2.05B1.38BQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 3.25B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 2.6B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 25, 2022: actual 2.25B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual 1.52B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 2.09B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 1.84B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 2.27B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 2.14B HKD, estimate —, surprise —, Comparison unavailable.

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