Xingfa Aluminium Holdings Ltd. (HK:0098)
:0098
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Xingfa Aluminium Holdings Ltd.
(0098)
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Rating:58Neutral
Price Target:
HK$8.00
▲(10.50% Upside)
Action:DowngradedDate:03/28/26
The score is supported primarily by attractive valuation (low P/E and high dividend yield). Offsetting this, financial performance shows clear pressure (weaker margins, higher leverage, and reduced cash conversion), and technical indicators reflect weak near-term momentum.
Positive Factors
Revenue Growth
A ~70% revenue increase in 2025 indicates durable demand expansion and stronger order flow for aluminium profiles. Sustained top-line growth supports scale benefits, capacity utilization and reinvestment capacity, improving long-term competitiveness even if margins need recovery.
Negative Factors
Margin Pressure
Meaningful margin compression indicates cost inflation, pricing pressure or adverse product mix. Lower margins reduce earnings quality and limit reinvestment and buffer for cyclical downturns, making profitability more sensitive to raw material and demand swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~70% revenue increase in 2025 indicates durable demand expansion and stronger order flow for aluminium profiles. Sustained top-line growth supports scale benefits, capacity utilization and reinvestment capacity, improving long-term competitiveness even if margins need recovery.
Read all positive factors
Xingfa Aluminium Holdings Ltd. (0098) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.17B
Dividend Yield8.68%
Average Volume (3M)20.73K
Price to Earnings (P/E)4.6
Beta (1Y)0.08
Revenue Growth10.71%
EPS Growth-22.12%
CountryHK
Employees10,035
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)0.94
Shares Outstanding420,649,140
10 Day Avg. Volume25,195
30 Day Avg. Volume20,731
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.45
Price to Sales (P/S)0.14
P/FCF Ratio8.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.57
Revenue Forecast (FY)HK$20.48B
Xingfa Aluminium Holdings Ltd. Business Overview & Revenue Model
Company Description
Xingfa Aluminium Holdings Limited, an investment holding company, manufactures, sells, and trades in aluminium profiles used as construction and industrial materials in the People's Republic of China. It operates through Industrial Aluminium Profi...
How the Company Makes Money
Xingfa Aluminium Holdings Ltd. makes money primarily by selling aluminium extrusion products and related processed/fabricated aluminium products to customers, with revenue recognized from orders of aluminium profiles used in construction and indus...
Xingfa Aluminium Holdings Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
50
Neutral
Cash Flow
43
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.16B | 18.85B | 17.35B | 16.93B | 15.43B |
| Gross Profit | 2.10B | 1.76B | 1.99B | 1.77B | 1.81B |
| EBITDA | 1.24B | 1.53B | 1.43B | 1.07B | 1.46B |
| Net Income | 610.56M | 826.03M | 804.17M | 457.77M | 887.80M |
Balance Sheet | |||||
| Total Assets | 15.00B | 14.54B | 12.87B | 12.10B | 11.34B |
| Cash, Cash Equivalents and Short-Term Investments | 2.54B | 2.73B | 2.84B | 1.85B | 1.64B |
| Total Debt | 6.17B | 2.88B | 3.15B | 2.51B | 1.76B |
| Total Liabilities | 8.70B | 8.63B | 7.54B | 7.44B | 6.86B |
| Stockholders Equity | 6.29B | 5.90B | 5.32B | 4.65B | 4.48B |
Cash Flow | |||||
| Free Cash Flow | 316.58M | 459.66M | 485.69M | -184.33M | 646.46M |
| Operating Cash Flow | 938.24M | 1.42B | 1.47B | 790.77M | 1.33B |
| Investing Cash Flow | -1.84B | -884.65M | -836.70M | -890.39M | -604.82M |
| Financing Cash Flow | -143.35M | -647.88M | 358.69M | 326.51M | 408.78M |
Xingfa Aluminium Holdings Ltd. Technical Analysis
Negative
7.24
Price Trends
7.59
Negative
7.50
Positive
7.78
Negative
Market Momentum
-0.02
Negative
48.85
Neutral
88.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0098, the sentiment is Negative. The current price of 7.24 is below the 20-day moving average (MA) of 7.57, below the 50-day MA of 7.59, and below the 200-day MA of 7.78, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.85 is Neutral, neither overbought nor oversold. The STOCH value of 88.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0098.
Xingfa Aluminium Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$363.98B | 12.62 | 24.18% | 5.10% | 15.38% | 41.07% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$215.07B | 8.49 | 19.96% | 3.32% | 20.06% | 20.03% | |
61 Neutral | HK$1.19B | 18.52 | 2.55% | 3.52% | -5.29% | -32.47% | |
58 Neutral | HK$3.17B | 4.60 | 10.28% | 8.68% | 10.71% | -22.12% | |
53 Neutral | HK$4.76B | 11.95 | 0.70% | 0.76% | -14.11% | ― | |
48 Neutral | HK$151.13M | -2.68 | -0.58% | ― | -26.79% | -112.82% |
* Basic Materials Sector Average
HK:0098
Xingfa Aluminium Holdings Ltd.
7.54
0.44
6.20%
HK:2600
Aluminum of China
11.84
8.14
220.00%
HK:0581
China Oriental Group Co
1.28
0.24
23.31%
HK:0609
Tiande Chemical Holdings Limited
1.35
0.40
42.11%
HK:1378
China Hongqiao Group Ltd.
36.68
24.88
210.85%
HK:2078
PanAsialum Holdings Co. Ltd.
0.13
<0.01
5.00%
Xingfa Aluminium Holdings Ltd. Corporate Events
Xingfa Aluminium Grows Revenue But Profit and Dividend Decline in 2025
Mar 26, 2026
Xingfa Aluminium Holdings Limited reported a 9.8% year-on-year increase in revenue to approximately RMB20.7 billion for 2025, driven by an 11.2% rise in sales volume to 900,100 tonnes. Despite higher top-line and volume growth, gross profit fell 2...
Xingfa Aluminium Sets March Board Meeting to Approve 2025 Final Results
Mar 16, 2026
Xingfa Aluminium Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a ...
Xingfa Aluminium Shifts Hong Kong Principal Place of Business
Feb 10, 2026
Xingfa Aluminium Holdings Limited has announced a change to its principal place of business in Hong Kong, effective 10 February 2026. The company’s operations will be administratively based at Flat F, 31/F, Boton Technology Innovation Tower,...
Xingfa Aluminium Raises RMB300 Million in First Tranche of 2026 Medium-Term Notes
Feb 9, 2026
Xingfa Aluminium Holdings Limited has announced that its indirect wholly owned subsidiary, Guangdong Xingfa Aluminium Co. Ltd., has completed the issuance of the first tranche of its 2026 medium-term notes in China, raising RMB300 million. The thr...
Xingfa Aluminium Renews 2025 Connected Tenancy Deals for Mainland Production Facilities
Dec 31, 2025
Xingfa Aluminium has renewed its connected tenancy arrangements for 2025 through its subsidiaries Henan Xingfa and Jiangxi Xingfa, which entered into new tenancy agreements with Henan Jingxing and Jiangxi Jingxing for leasing production plants and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.