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China Qidian Guofeng Holdings Limited logo

China Qidian Guofeng Holdings Limited

1280.HK

HKSEConsumer CyclicalSpecialty Retail

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Latest quote

HK$1.12

+HK$0.08 · +7.69%

Aug 24, 4:08 PM HKT

1280.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Qidian International Co., Ltd. is an investment holding company established in 1993 and headquartered in Yangzhou, People's Republic of China. Formerly known as Huiyin Smart Community Co., Ltd. until its name change in February 2020, the company primarily focuses on the wholesale and retail distribution of consumer electronics, including home appliances, mobile devices, and computers, throughout mainland China. Its business operations are structured around three core segments: Traditional Business, New Retail Business, and All Other. Qidian is heavily involved in the large-scale distribution of air-conditioners, as well as a variety of imported and general merchandise. Beyond sales, it provides comprehensive after-sales services for household appliances, encompassing installation and maintenance. The company distributes household appliances both through wholesale channels to other retailers and distributors, and directly to consumers via its own chain of retail stores, which also offer imported and general merchandise. Additionally, Qidian leverages an online platform for its product sales. Complementing its retail and distribution activities, the company also delivers community, logistics, and warehousing solutions.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Yue Sun
Listed since
Mar 25, 2010
Employees
275

Market position

Day range

Current HK$1.12

52-week range

Current HK$1.12

Open
HK$1.02
Previous close
HK$1.04
Volume
1.13M
1.62× average
Average volume
698.26K
Average daily volume
Market cap
2.17B HKD
Beta
0.35
Market reference 1
50-day average
HK$1.3138
-14.75% below average
200-day average
HK$2.3522
-52.39% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.37B CNY
P/E (TTM)
-4.16×
P/B (TTM)
12.81×
P/S (TTM)
5.21×
EV / EBITDA
-47.39×
Earnings yield
-7.87%
Free cash flow yield
-0.96%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
23.78%
Operating margin
-117.74%
Net margin
-117.33%
Return on equity
-309.94%
Return on assets
-83.63%
Return on invested capital
-162.40%

Financial health

Debt / equity
0.69×
Current ratio
0.8×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%-132%-344%-556%Gross margin, FY2021: 12.31%Gross margin, FY2022: 14.75%Gross margin, FY2023: 19.31%Gross margin, FY2024: 26.66%Gross margin, FY2025: 23.78%Operating margin, FY2021: -12.85%Operating margin, FY2022: -43.03%Operating margin, FY2023: 26.72%Operating margin, FY2024: -501.99%Operating margin, FY2025: -117.74%Net margin, FY2021: -19.93%Net margin, FY2022: -52.13%Net margin, FY2023: 17.46%Net margin, FY2024: -502.65%Net margin, FY2025: -117.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.31%. Gross margin FY2022 14.75%. Gross margin FY2023 19.31%. Gross margin FY2024 26.66%. Gross margin FY2025 23.78%. Operating margin FY2021 -12.85%. Operating margin FY2022 -43.03%. Operating margin FY2023 26.72%. Operating margin FY2024 -501.99%. Operating margin FY2025 -117.74%. Net margin FY2021 -19.93%. Net margin FY2022 -52.13%. Net margin FY2023 17.46%. Net margin FY2024 -502.65%. Net margin FY2025 -117.33%.

Income trends

Revenue

356.59M CNY-19.32%

Operating income

−419.86M CNY+81.08%

Net income

−418.39M CNY+81.17%
Income trends across reported periods708.36M CNY−357.11M CNY−1.42B CNY−2.49B CNYRevenue, FY2021: 301.17M CNYRevenue, FY2022: 262.35M CNYRevenue, FY2023: 319.81M CNYRevenue, FY2024: 441.99M CNYRevenue, FY2025: 356.59M CNYOperating income, FY2021: −38.71M CNYOperating income, FY2022: −112.9M CNYOperating income, FY2023: 85.44M CNYOperating income, FY2024: −2.22B CNYOperating income, FY2025: −419.86M CNYNet income, FY2021: −60.04M CNYNet income, FY2022: −136.77M CNYNet income, FY2023: 55.85M CNYNet income, FY2024: −2.22B CNYNet income, FY2025: −418.39M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 301.17M CNY. Revenue FY2022 262.35M CNY. Revenue FY2023 319.81M CNY. Revenue FY2024 441.99M CNY. Revenue FY2025 356.59M CNY. Operating income FY2021 −38.71M CNY. Operating income FY2022 −112.9M CNY. Operating income FY2023 85.44M CNY. Operating income FY2024 −2.22B CNY. Operating income FY2025 −419.86M CNY. Net income FY2021 −60.04M CNY. Net income FY2022 −136.77M CNY. Net income FY2023 55.85M CNY. Net income FY2024 −2.22B CNY. Net income FY2025 −418.39M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue356.59M CNY441.99M CNY319.81M CNY262.35M CNY301.17M CNY
Cost of goods sold271.78M CNY324.17M CNY258.06M CNY223.64M CNY264.11M CNY
Gross profit84.8M CNY117.82M CNY61.75M CNY38.7M CNY37.06M CNY
Selling, general, and administrative194.59M CNY160.24M CNY91.27M CNY83.66M CNY81.73M CNY
Operating expenses504.66M CNY2.34B CNY−23.69M CNY151.12M CNY74.81M CNY
Interest income279K CNY2.83M CNY292K CNY274K CNY156K CNY
Interest expense4.7M CNY10.49M CNY20.39M CNY22.58M CNY24.57M CNY
Depreciation and amortization1.7M CNY7.59M CNY6.68M CNY25.13M CNY30.93M CNY
Operating income−419.86M CNY−2.22B CNY85.44M CNY−112.9M CNY−38.71M CNY
Net income−418.39M CNY−2.22B CNY55.85M CNY−136.77M CNY−60.04M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-6.28

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.96-1.63-4.22-6.82Q2 '21Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.197, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.167, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual -0.17, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 16, 2023: actual -0.545, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.427, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 17, 2024: actual -0.155, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual -0.094, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -6.28, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates297.23M244.47M191.71M138.94MQ2 '21Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 194.31M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 170.59M HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 150.37M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 16, 2023: actual 152.5M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 152.2M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 17, 2024: actual 198.2M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 186.14M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 285.8M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Jun 10, 2011

HK$0.02

Irregular

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ETFs holding 1280.HK

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
41.78K
Weight
0.01%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$71.62-0.74%
State Street SPDR S&P China ETF logoState Street SPDR S&P China ETFGXC
Market value
3.95K
Weight
0.00%
AUM
474.65M USD
Expense ratio
0.59%
Price / 1D
$90.49-1.06%

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