China MeiDong Auto Holdings Limited logo

China MeiDong Auto Holdings Limited

1268.HK

HKSEConsumer CyclicalAuto - Dealerships

Latest quote

HK$0.37

−HK$0.01 · -2.63%

Aug 24, 1:56 PM HKT

1268.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding company, China MeiDong Auto Holdings Limited operates as a leading automobile dealership group throughout the People's Republic of China. Its primary activities include the retail of new passenger vehicles and their corresponding spare parts, alongside offering a broad spectrum of services such as vehicle servicing and surveys. The company delivers extensive after-sales support, encompassing vehicle registration, insurance solutions, parts repair and replacement, and the sale and maintenance of automotive supplies. Furthermore, it provides financing referral options and a variety of other value-added services. The group also engages in the sale of pre-owned vehicles and manages properties. Its network of dealerships features a diverse portfolio of automotive brands, including BMW/Mini, Audi, Lexus, Toyota, Hyundai, and Porsche. As of December 31, 2021, China MeiDong Auto Holdings Limited managed 70 wholly-owned retail outlets spread across the Chinese provinces of Beijing, Hebei, Hubei, Hunan, Jiangxi, Fujian, Guangdong, Gansu, and Anhui. Established in 2003, the company is headquartered in Dongguan, PRC, and functions as a subsidiary of Apex Sail Limited.

Industry
Auto - Dealerships
Sector
Consumer Cyclical
Headquarters
CN
CEO
Tao Ye
Listed since
Dec 5, 2013
Employees
3,763

Market position

Day range

Current HK$0.37

52-week range

Current HK$0.37

Open
HK$0.375
Previous close
HK$0.38
Volume
1.39M
0.96× average
Average volume
1.44M
Average daily volume
Market cap
498.11M HKD
Beta
1.38
Market reference 1
50-day average
HK$0.4784
-22.66% below average
200-day average
HK$1.113
-66.76% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.76B CNY
P/E (TTM)
-0.56×
P/B (TTM)
0.21×
P/S (TTM)
0.02×
EV / EBITDA
8.31×
Earnings yield
-49.16%
Free cash flow yield
-43.35%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
5.74%
Operating margin
-3.57%
Net margin
-3.77%
Return on equity
-37.34%
Return on assets
-10.04%
Return on invested capital
-9.54%

Financial health

Debt / equity
Current ratio
1.17×
Altman Z-score
6.19
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%5%-4%-13%Gross margin, FY2021: 11.75%Gross margin, FY2022: 8.79%Gross margin, FY2023: 7.28%Gross margin, FY2024: 7.05%Gross margin, FY2025: 5.74%Operating margin, FY2021: 7.20%Operating margin, FY2022: 3.89%Operating margin, FY2023: 2.29%Operating margin, FY2024: -10.89%Operating margin, FY2025: -3.57%Net margin, FY2021: 4.94%Net margin, FY2022: 1.82%Net margin, FY2023: 0.49%Net margin, FY2024: -10.22%Net margin, FY2025: -3.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.75%. Gross margin FY2022 8.79%. Gross margin FY2023 7.28%. Gross margin FY2024 7.05%. Gross margin FY2025 5.74%. Operating margin FY2021 7.20%. Operating margin FY2022 3.89%. Operating margin FY2023 2.29%. Operating margin FY2024 -10.89%. Operating margin FY2025 -3.57%. Net margin FY2021 4.94%. Net margin FY2022 1.82%. Net margin FY2023 0.49%. Net margin FY2024 -10.22%. Net margin FY2025 -3.77%.

Income trends

Revenue

20.02B CNY-9.62%

Operating income

−715.55M CNY+70.34%

Net income

−754.99M CNY+66.65%
Income trends across reported periods31.76B CNY19.33B CNY6.91B CNY−5.52B CNYRevenue, FY2021: 23.58B CNYRevenue, FY2022: 28.65B CNYRevenue, FY2023: 28.55B CNYRevenue, FY2024: 22.15B CNYRevenue, FY2025: 20.02B CNYOperating income, FY2021: 1.7B CNYOperating income, FY2022: 1.11B CNYOperating income, FY2023: 655.18M CNYOperating income, FY2024: −2.41B CNYOperating income, FY2025: −715.55M CNYNet income, FY2021: 1.17B CNYNet income, FY2022: 521.03M CNYNet income, FY2023: 140.2M CNYNet income, FY2024: −2.26B CNYNet income, FY2025: −754.99M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 23.58B CNY. Revenue FY2022 28.65B CNY. Revenue FY2023 28.55B CNY. Revenue FY2024 22.15B CNY. Revenue FY2025 20.02B CNY. Operating income FY2021 1.7B CNY. Operating income FY2022 1.11B CNY. Operating income FY2023 655.18M CNY. Operating income FY2024 −2.41B CNY. Operating income FY2025 −715.55M CNY. Net income FY2021 1.17B CNY. Net income FY2022 521.03M CNY. Net income FY2023 140.2M CNY. Net income FY2024 −2.26B CNY. Net income FY2025 −754.99M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue20.02B CNY22.15B CNY28.55B CNY28.65B CNY23.58B CNY
Cost of goods sold18.87B CNY20.59B CNY26.48B CNY26.14B CNY20.81B CNY
Gross profit1.15B CNY1.56B CNY2.08B CNY2.52B CNY2.77B CNY
Selling, general, and administrative1.04B CNY1.25B CNY1.43B CNY1.66B CNY1.32B CNY
Operating expenses1.86B CNY3.97B CNY1.42B CNY1.4B CNY1.07B CNY
Interest income9.2M CNY103.97M CNY91.51M CNY46.12M CNY20.96M CNY
Interest expense115.41M CNY239.33M CNY274.06M CNY275.04M CNY133.28M CNY
Depreciation and amortization245.64M CNY554.69M CNY577.17M CNY490.03M CNY178.72M CNY
Operating income−715.55M CNY−2.41B CNY655.18M CNY1.11B CNY1.7B CNY
Net income−754.99M CNY−2.26B CNY140.2M CNY521.03M CNY1.17B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
33%
3 beats, 6 misses, 0 met estimates
Average EPS surprise
-212.39%
9 comparable reports
Latest EPS result
0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.75-0.15-1.05-1.95Q3 '22MissQ1 '23BeatQ3 '23MissQ1 '24BeatQ3 '24MissQ1 '25MissQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 31, 2022: actual 0.313, estimate 0.562, surprise -44.29%, Miss. Q1 2023, reported Mar 31, 2023: actual 0.158, estimate 0.147, surprise +7.27%, Beat. Q3 2023, reported Aug 31, 2023: actual 0.031, estimate 0.227, surprise -86.18%, Miss. Q1 2024, reported Mar 28, 2024: actual 0.083, estimate 0.022, surprise +277.59%, Beat. Q3 2024, reported Aug 30, 2024: actual -0.022, estimate 0.226, surprise -109.55%, Miss. Q1 2025, reported Mar 26, 2025: actual -1.77, estimate 0.096, surprise -1945.41%, Miss. Q3 2025, reported Aug 27, 2025: actual -0.605, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 0.049, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates39.82B29.42B19.01B8.61BQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25BeatQ3 '25No estimateQ1 '26MetQ3 '26Estimate
Q1 2023, reported Mar 31, 2023: actual 18.22B HKD, estimate 37.62B HKD, surprise -51.57%, Miss. Q3 2023, reported Aug 31, 2023: actual 15.24B HKD, estimate 24.61B HKD, surprise -38.09%, Miss. Q1 2024, reported Mar 28, 2024: actual 16.01B HKD, estimate 30.26B HKD, surprise -47.08%, Miss. Q3 2024, reported Aug 30, 2024: actual 11.44B HKD, estimate 12.48B HKD, surprise -8.34%, Miss. Q1 2025, reported Mar 26, 2025: actual 12.23B HKD, estimate 11.92B HKD, surprise +2.58%, Beat. Q3 2025, reported Aug 27, 2025: actual 10.13B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 11B HKD, estimate 11B HKD, surprise 0.00%, Met estimate. Q3 2026, reported Aug 26, 2026: actual —, estimate 11.59B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.1373

2023 complete year-5.9% since 2019

Corporate action history

DividendUpcoming

Ex-dividend Sep 3, 2026

HK$0.0393

Annual

Record Sep 7, 2026 · Payment Oct 28, 2026

Dividend

Ex-dividend Jun 13, 2025

HK$0.0489

Annual

Record Jun 16, 2025 · Payment Aug 27, 2025

Dividend

Ex-dividend Jun 14, 2024

HK$0.036

Annual

Record Jun 17, 2024 · Payment Aug 21, 2024

Dividend

Ex-dividend Sep 20, 2023

HK$0.0096

Semi-Annual

Record Sep 21, 2023 · Payment Dec 20, 2023

Dividend

Ex-dividend Jun 15, 2023

HK$0.1278

Semi-Annual

Record Jun 16, 2023 · Payment Aug 17, 2023

Dividend

Ex-dividend Sep 21, 2022

HK$0.0901

Semi-Annual

Record Sep 22, 2022 · Payment Dec 28, 2022

1268.HK peers

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