China Renaissance Holdings Limited logo

China Renaissance Holdings Limited

1911.HK

HKSEFinancial ServicesInvestment - Banking & Investment Services

Latest quote

HK$3.215

+HK$0.03 · +0.94%

Aug 24, 10:52 AM HKTData delayed

1911.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Renaissance Holdings Limited operates as an investment holding enterprise, primarily engaged in investment banking and investment management activities across Mainland China, Hong Kong, and the United States. Its operations are organized into key segments: Investment Banking, Investment Management, CR Securities, and other business lines. The Investment Banking division offers an extensive suite of services, including financial and M&A advisory, equity underwriting, sales, trading, brokerage, and research. It also specializes in structured financing, particularly crafting non-equity funding strategies for nascent new-economy companies. The Investment Management segment delivers fund and asset management solutions to individual and institutional clients, while also overseeing its own fund investments. CR Securities provides a combination of investment banking and asset management services. Separately, the "Others" segment concentrates on wealth management for affluent individuals and groups, alongside managing and investing in various funds. The company's diverse clientele includes innovative and fast-growing Chinese enterprises, institutional secondary equity investors, and high-net-worth individuals. China Renaissance Holdings Limited was established in Beijing, China, in 2005.

Industry
Investment - Banking & Investment Services
Sector
Financial Services
Headquarters
CN
CEO
Lixing Wang
Listed since
Sep 27, 2018
Employees
443

Market position

Day range

Current HK$3.215

52-week range

Current HK$3.215

Open
HK$3.185
Previous close
HK$3.185
Volume
74.3K
0.13× average
Average volume
578.79K
Average daily volume
Market cap
1.84B HKD
Beta
1.14
Market reference 1
50-day average
HK$3.1256
+2.86% above average
200-day average
HK$3.8682
-16.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.01B CNY
P/E (TTM)
12.41×
P/B (TTM)
0.26×
P/S (TTM)
0.99×
EV / EBITDA
4.68×
Earnings yield
5.08%
Free cash flow yield
-2.06%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
78.85%
Operating margin
8.58%
Net margin
7.48%
Return on equity
1.62%
Return on assets
1.02%
Return on invested capital
0.81%

Financial health

Debt / equity
0.04×
Current ratio
12.91×
Altman Z-score
1.16
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends154%78%2%-75%Gross margin, FY2021: 134.94%Gross margin, FY2022: 87.01%Gross margin, FY2023: 30.45%Gross margin, FY2024: 100.00%Gross margin, FY2025: 59.04%Operating margin, FY2021: 49.46%Operating margin, FY2022: -6.65%Operating margin, FY2023: -23.32%Operating margin, FY2024: -5.06%Operating margin, FY2025: 11.84%Net margin, FY2021: 93.11%Net margin, FY2022: -27.53%Net margin, FY2023: -55.63%Net margin, FY2024: -21.74%Net margin, FY2025: 8.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 134.94%. Gross margin FY2022 87.01%. Gross margin FY2023 30.45%. Gross margin FY2024 100.00%. Gross margin FY2025 59.04%. Operating margin FY2021 49.46%. Operating margin FY2022 -6.65%. Operating margin FY2023 -23.32%. Operating margin FY2024 -5.06%. Operating margin FY2025 11.84%. Net margin FY2021 93.11%. Net margin FY2022 -27.53%. Net margin FY2023 -55.63%. Net margin FY2024 -21.74%. Net margin FY2025 8.57%.

Income trends

Revenue

1.15B CNY+39.93%

Operating income

136.47M CNY+178.11M CNY

Net income

98.75M CNY+277.77M CNY
Income trends across reported periods1.97B CNY1.08B CNY193.01M CNY−693.54M CNYRevenue, FY2021: 1.74B CNYRevenue, FY2022: 1.56B CNYRevenue, FY2023: 848.26M CNYRevenue, FY2024: 823.56M CNYRevenue, FY2025: 1.15B CNYOperating income, FY2021: 862.8M CNYOperating income, FY2022: −103.87M CNYOperating income, FY2023: −197.82M CNYOperating income, FY2024: −41.64M CNYOperating income, FY2025: 136.47M CNYNet income, FY2021: 1.62B CNYNet income, FY2022: −429.9M CNYNet income, FY2023: −471.9M CNYNet income, FY2024: −179.02M CNYNet income, FY2025: 98.75M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.74B CNY. Revenue FY2022 1.56B CNY. Revenue FY2023 848.26M CNY. Revenue FY2024 823.56M CNY. Revenue FY2025 1.15B CNY. Operating income FY2021 862.8M CNY. Operating income FY2022 −103.87M CNY. Operating income FY2023 −197.82M CNY. Operating income FY2024 −41.64M CNY. Operating income FY2025 136.47M CNY. Net income FY2021 1.62B CNY. Net income FY2022 −429.9M CNY. Net income FY2023 −471.9M CNY. Net income FY2024 −179.02M CNY. Net income FY2025 98.75M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.15B CNY823.56M CNY848.26M CNY1.56B CNY1.74B CNY
Cost of goods sold472.09M CNY485.8M CNY589.95M CNY1.01B CNY1.11B CNY
Gross profit680.33M CNY823.56M CNY258.31M CNY1.36B CNY2.35B CNY
Research and development39.89M CNY41.83M CNY76.71M CNY
Selling, general, and administrative63.22M CNY484.1M CNY97.68M CNY85.62M CNY250.43M CNY
Operating expenses543.86M CNY865.2M CNY456.13M CNY1.46B CNY329.66M CNY
Interest income563.96M CNY
Interest expense5.08M CNY92.15M CNY50.55M CNY371.74M CNY124.22M CNY
Depreciation and amortization53.42M CNY79.12M CNY88.56M CNY86.14M CNY90.68M CNY
Operating income136.47M CNY−41.64M CNY−197.82M CNY−103.87M CNY862.8M CNY
Net income98.75M CNY−179.02M CNY−471.9M CNY−429.9M CNY1.62B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
20%
1 beat, 4 misses, 0 met estimates
Average EPS surprise
-27.74%
5 comparable reports
Latest EPS result
0.07
Estimate 0.24 · Miss by 71.56%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.050.560.06-0.43Q1 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24MissQ1 '25MissQ3 '25MissQ1 '26EstimateQ3 '26Estimate
Q1 2023, reported Mar 31, 2023: actual -0, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 5, 2023: actual -0.324, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.079, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 5, 2024: actual -0.078, estimate 0.391, surprise -120.03%, Miss. Q1 2025, reported Mar 31, 2025: actual 0.067, estimate 0.24, surprise -72.19%, Miss. Q3 2025, reported Aug 28, 2025: actual 0.068, estimate 0.241, surprise -71.56%, Miss. Q1 2026, reported Mar 30, 2026: actual —, estimate 0.757, surprise —, Comparison unavailable. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.944, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.65B3.77B1.88B276.35KQ1 '23No estimateQ3 '23MissQ1 '24No estimateQ3 '24MissQ1 '25MissQ3 '25MissQ1 '26EstimateQ3 '26Estimate
Q1 2023, reported Mar 31, 2023: actual 325.12K HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 5, 2023: actual 608.74M HKD, estimate 5.24B HKD, surprise -88.37%, Miss. Q1 2024, reported Mar 28, 2024: actual 190.32M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 5, 2024: actual 188.91M HKD, estimate 957.7M HKD, surprise -80.27%, Miss. Q1 2025, reported Mar 31, 2025: actual 271.58M HKD, estimate 794.21M HKD, surprise -65.81%, Miss. Q3 2025, reported Aug 28, 2025: actual 278.45M HKD, estimate 796.36M HKD, surprise -65.03%, Miss. Q1 2026, reported Mar 30, 2026: actual —, estimate 1.46B HKD, surprise —, Comparison unavailable. Q3 2026, reported Aug 27, 2026: actual —, estimate 1.83B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.4454

2022 complete year+178.4% since 2019

Corporate action history

Dividend

Ex-dividend Jul 5, 2022

HK$0.38

Annual

Record Jul 6, 2022 · Payment Jul 22, 2022

Dividend

Ex-dividend Jul 5, 2021

HK$0.4559

Annual

Record Jul 6, 2021 · Payment Jul 22, 2021

Dividend

Ex-dividend Jun 15, 2020

HK$0.1641

Annual

Record Jun 16, 2020 · Payment Aug 10, 2020

Dividend

Ex-dividend May 28, 2019

HK$0.16

Annual

1911.HK peers

ETFs holding 1911.HK

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

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