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China Development Bank Financial Leasing Co., Ltd. logo

China Development Bank Financial Leasing Co., Ltd.

1606.HK

HKSEFinancial ServicesFinancial - Credit Services

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Latest quote

HK$1.485

−HK$0.005 · -0.34%

Aug 25, 4:08 PM HKT

1606.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Development Bank Financial Leasing Co., Ltd. engages in the leasing business in the People’s Republic of China. It operates through Aircraft Leasing, Regional Development Leasing, Ship Leasing, Inclusive Finance, and Green Energy and High-end Equipment Leasing segments. The Aircraft Leasing segment engages in the acquisition, leasing, management, and sale of commercial aircraft. The Regional Development Leasing segment is involved in the leasing of urban and transportation facilities and key industrial equipment developed in service region supported by national policies. The Ship Leasing segment leases ships. The Inclusive Finance segment is involved in the leasing of vehicles and construction machinery. The Green Energy and High-end Equipment Leasing segment engages in the leasing of energy infrastructure and high-end equipment. The company was formerly known as CDB Leasing Co., Ltd. and changed its name to China Development Bank Financial Leasing Co., Ltd. in September 2015. The company was founded in 1984 and is headquartered in Shenzhen, China. China Development Bank Financial Leasing Co., Ltd. is a subsidiary of China Development Bank.

Industry
Financial - Credit Services
Sector
Financial Services
Headquarters
CN
CEO
Zhuang Dingliang
Listed since
Jul 11, 2016
Employees
612

Market position

52-week range

Current HK$1.485

Open
HK$1.485
Previous close
HK$1.49
Volume
0
0× average
Average volume
3.23M
Average daily volume
Market cap
18.77B HKD
Beta
0.89
Market reference 1
50-day average
HK$1.4431
+2.90% above average
200-day average
HK$1.5503
-4.21% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
323.45B CNY
P/E (TTM)
3.18×
P/B (TTM)
0.37×
P/S (TTM)
0.82×
EV / EBITDA
14.25×
Earnings yield
25.09%
Free cash flow yield
-61.74%
Dividend yield
7.70%

Profitability & efficiency

Gross margin
60.65%
Operating margin
71.34%
Net margin
25.31%
Return on equity
11.14%
Return on assets
1.13%
Return on invested capital
2.89%

Financial health

Debt / equity
8.31×
Current ratio
0.84×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends108%75%42%9%Gross margin, FY2021: 43.49%Gross margin, FY2022: 52.20%Gross margin, FY2023: 100.00%Gross margin, FY2024: 99.81%Gross margin, FY2025: 42.56%Operating margin, FY2021: 95.72%Operating margin, FY2022: 96.25%Operating margin, FY2023: 93.59%Operating margin, FY2024: 62.47%Operating margin, FY2025: 54.37%Net margin, FY2021: 32.21%Net margin, FY2022: 22.18%Net margin, FY2023: 26.73%Net margin, FY2024: 17.70%Net margin, FY2025: 18.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.49%. Gross margin FY2022 52.20%. Gross margin FY2023 100.00%. Gross margin FY2024 99.81%. Gross margin FY2025 42.56%. Operating margin FY2021 95.72%. Operating margin FY2022 96.25%. Operating margin FY2023 93.59%. Operating margin FY2024 62.47%. Operating margin FY2025 54.37%. Net margin FY2021 32.21%. Net margin FY2022 22.18%. Net margin FY2023 26.73%. Net margin FY2024 17.70%. Net margin FY2025 18.41%.

Income trends

Revenue

26.62B CNY+4.67%

Operating income

14.47B CNY-8.91%

Net income

4.9B CNY+8.82%
Income trends across reported periods28.95B CNY19.64B CNY10.33B CNY1.02B CNYRevenue, FY2021: 12.18B CNYRevenue, FY2022: 15.11B CNYRevenue, FY2023: 15.53B CNYRevenue, FY2024: 25.44B CNYRevenue, FY2025: 26.62B CNYOperating income, FY2021: 11.66B CNYOperating income, FY2022: 14.54B CNYOperating income, FY2023: 14.53B CNYOperating income, FY2024: 15.89B CNYOperating income, FY2025: 14.47B CNYNet income, FY2021: 3.92B CNYNet income, FY2022: 3.35B CNYNet income, FY2023: 4.15B CNYNet income, FY2024: 4.5B CNYNet income, FY2025: 4.9B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.18B CNY. Revenue FY2022 15.11B CNY. Revenue FY2023 15.53B CNY. Revenue FY2024 25.44B CNY. Revenue FY2025 26.62B CNY. Operating income FY2021 11.66B CNY. Operating income FY2022 14.54B CNY. Operating income FY2023 14.53B CNY. Operating income FY2024 15.89B CNY. Operating income FY2025 14.47B CNY. Net income FY2021 3.92B CNY. Net income FY2022 3.35B CNY. Net income FY2023 4.15B CNY. Net income FY2024 4.5B CNY. Net income FY2025 4.9B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue26.62B CNY25.44B CNY15.53B CNY15.11B CNY12.18B CNY
Cost of goods sold15.29B CNY47.22M CNY451.15M CNY7.22B CNY6.88B CNY
Gross profit11.33B CNY25.39B CNY15.53B CNY7.89B CNY5.3B CNY
Selling, general, and administrative13.26M CNY15.76M CNY14.92M CNY566.23M CNY521.62M CNY
Operating expenses−3.14B CNY9.5B CNY519.14M CNY7.49B CNY5.9B CNY
Interest income1.57B CNY2.88B CNY931.48M CNY469.02M CNY317.59M CNY
Interest expense8.86B CNY12.98B CNY10.36B CNY8.21B CNY8.09B CNY
Depreciation and amortization7.54B CNY7.1B CNY6.1B CNY5.38B CNY4.35B CNY
Operating income14.47B CNY15.89B CNY14.53B CNY14.54B CNY11.66B CNY
Net income4.9B CNY4.5B CNY4.15B CNY3.35B CNY3.92B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 0 met estimates
Average EPS surprise
-32.39%
2 comparable reports
Latest EPS result
0.23

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.310.240.170.11Q3 '22MissQ1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 30, 2022: actual 0.176, estimate 0.27, surprise -34.96%, Miss. Q1 2023, reported Mar 17, 2023: actual 0.125, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.173, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.168, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.161, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.223, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 0.208, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 0.234, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates32.75B24.12B15.5B6.87BQ3 '22MissQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 30, 2022: actual 8.08B HKD, estimate 18.49B HKD, surprise -56.28%, Miss. Q1 2023, reported Mar 17, 2023: actual 9.34B HKD, estimate 30.92B HKD, surprise -69.79%, Miss. Q3 2023, reported Aug 31, 2023: actual 11.68B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 13.95B HKD, estimate 29.38B HKD, surprise -52.50%, Miss. Q3 2024, reported Aug 30, 2024: actual 13.42B HKD, estimate 29.85B HKD, surprise -55.05%, Miss. Q1 2025, reported Mar 28, 2025: actual 9.35B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 13.2B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 13.27B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0975

2025 complete year+4.8% since 2021

2026 partial: HK$0.1144

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 6, 2026

HK$0.1144

Annual

Record Jul 7, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Jul 3, 2025

HK$0.0975

Annual

Record Jul 4, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend Jul 22, 2024

HK$0.1079

Annual

Record Jul 23, 2024 · Payment Aug 28, 2024

Dividend

Ex-dividend Jun 30, 2023

HK$0.0867

Annual

Record Jul 3, 2023 · Payment Aug 9, 2023

Dividend

Ex-dividend Jun 30, 2022

HK$0.1091

Annual

Record Jul 4, 2022 · Payment Aug 10, 2022

Dividend

Ex-dividend Jul 2, 2021

HK$0.0931

Annual

Record Jul 5, 2021 · Payment Aug 11, 2021

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