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Xinming China Holdings Limited logo

Xinming China Holdings Limited

2699.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$5.625

−HK$0.125 · -2.17%

Aug 24, 11:38 AM HKT

2699.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Xinming China Holdings Limited, an investment holding firm, operates primarily as an integrated developer of both residential and commercial real estate within the People's Republic of China. Its business activities are structured across three divisions: Property Development, Property Leasing, and Other services. The company builds various residential accommodations, including mid-rise and high-rise apartment buildings and townhouses, complemented by associated facilities. These include ground-floor retail units and recreational amenities such as clubhouses and swimming pools. Furthermore, Xinming China Holdings invests in and rents out commercial properties, and offers property management services to the occupants of its residential projects. As of December 31, 2021, the company managed a leased portfolio spanning approximately 136,273.82 square meters. The enterprise was founded in 2014 and is headquartered in Hangzhou, China.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Chengshou Chen
Listed since
Jul 6, 2015
Employees
47

Market position

Volume
98K
0.17× average
Average volume
583.81K
Average daily volume
Market cap
21.13M HKD
Beta
1.3
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.74B CNY
P/E (TTM)
-2.11×
P/B (TTM)
-0.08×
P/S (TTM)
0.17×
EV / EBITDA
25.8×
Earnings yield
-86.45%
Free cash flow yield
-29.54%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
60.93%
Operating margin
45.63%
Net margin
-200.09%
Return on equity
6.46%
Return on assets
-9.97%
Return on invested capital
2.27%

Financial health

Debt / equity
-0.44×
Current ratio
0.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends723%-1865%-4453%-7041%Gross margin, FY2021: 76.22%Gross margin, FY2022: 56.85%Gross margin, FY2023: -17.29%Gross margin, FY2024: 9.12%Gross margin, FY2025: 60.93%Operating margin, FY2021: -4.00%Operating margin, FY2022: -138.73%Operating margin, FY2023: -26.20%Operating margin, FY2024: -17.83%Operating margin, FY2025: 45.63%Net margin, FY2021: -848.38%Net margin, FY2022: -6393.62%Net margin, FY2023: -124.50%Net margin, FY2024: -624.72%Net margin, FY2025: -200.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 76.22%. Gross margin FY2022 56.85%. Gross margin FY2023 -17.29%. Gross margin FY2024 9.12%. Gross margin FY2025 60.93%. Operating margin FY2021 -4.00%. Operating margin FY2022 -138.73%. Operating margin FY2023 -26.20%. Operating margin FY2024 -17.83%. Operating margin FY2025 45.63%. Net margin FY2021 -848.38%. Net margin FY2022 -6393.62%. Net margin FY2023 -124.50%. Net margin FY2024 -624.72%. Net margin FY2025 -200.09%.

Income trends

Revenue

109.46M CNY+26.05%

Operating income

49.95M CNY+65.43M CNY

Net income

−219.03M CNY+59.63%
Income trends across reported periods689.88M CNY−379.32M CNY−1.45B CNY−2.52B CNYRevenue, FY2021: 101.83M CNYRevenue, FY2022: 35.2M CNYRevenue, FY2023: 422.58M CNYRevenue, FY2024: 86.84M CNYRevenue, FY2025: 109.46M CNYOperating income, FY2021: −4.07M CNYOperating income, FY2022: −48.83M CNYOperating income, FY2023: −110.74M CNYOperating income, FY2024: −15.48M CNYOperating income, FY2025: 49.95M CNYNet income, FY2021: −863.94M CNYNet income, FY2022: −2.25B CNYNet income, FY2023: −526.12M CNYNet income, FY2024: −542.52M CNYNet income, FY2025: −219.03M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 101.83M CNY. Revenue FY2022 35.2M CNY. Revenue FY2023 422.58M CNY. Revenue FY2024 86.84M CNY. Revenue FY2025 109.46M CNY. Operating income FY2021 −4.07M CNY. Operating income FY2022 −48.83M CNY. Operating income FY2023 −110.74M CNY. Operating income FY2024 −15.48M CNY. Operating income FY2025 49.95M CNY. Net income FY2021 −863.94M CNY. Net income FY2022 −2.25B CNY. Net income FY2023 −526.12M CNY. Net income FY2024 −542.52M CNY. Net income FY2025 −219.03M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue109.46M CNY86.84M CNY422.58M CNY35.2M CNY101.83M CNY
Cost of goods sold42.76M CNY78.93M CNY495.65M CNY15.19M CNY24.21M CNY
Gross profit66.7M CNY7.92M CNY−73.07M CNY20.01M CNY77.62M CNY
Selling, general, and administrative16.75M CNY23.4M CNY37.66M CNY68.84M CNY61.07M CNY
Operating expenses16.75M CNY23.4M CNY37.66M CNY68.84M CNY61.05M CNY
Interest income5K CNY—178K CNY53K CNY185K CNY
Interest expense97.68M CNY96.66M CNY77.08M CNY84.04M CNY83.05M CNY
Depreciation and amortization13K CNY14K CNY14K CNY48K CNY92K CNY
Operating income49.95M CNY−15.48M CNY−110.74M CNY−48.83M CNY−4.07M CNY
Net income−219.03M CNY−542.52M CNY−526.12M CNY−2.25B CNY−863.94M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.12

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.1-0.34-0.59-0.83Q2 '21Q4 '21Q3 '22Q4 '22Q2 '23Q4 '23Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.266, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.271, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual -0.599, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual -0.777, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual -0.151, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual -0.162, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 22, 2024: actual -0.204, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual -0.117, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates283.84M191.68M99.52M7.37MQ2 '21Q4 '21Q3 '22Q4 '22Q2 '23Q4 '23Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 61.13M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 62.34M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 28.23M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 12.62M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 263.46M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 209.83M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 22, 2024: actual 85.33M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 8.67M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jun 3, 2026

1:25

Stock split

Effective May 26, 2025

1:100

Stock split

Effective Apr 14, 2025

1:100

Stock split

Effective Feb 19, 2025

1:100

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