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Mingfa Group (International) Co. Ltd.
(0846)
Mingfa Group (International) Co. Ltd. (0846) vs. iShares MSCI Hong Kong ETF (EWH)
Mingfa Group (International) Co. Ltd. Business Overview & Revenue Model
Mingfa Group (International) Co. Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.03B | 9.52B | 10.57B | 16.42B | 12.86B |
| Gross Profit | 1.52B | 1.94B | 2.34B | 5.01B | 3.88B |
| EBITDA | -964.53M | 324.49M | 1.14B | 3.26B | 2.64B |
| Net Income | -1.79B | -467.13M | 47.96M | 1.88B | 1.08B |
Balance Sheet | |||||
| Total Assets | 62.33B | 70.67B | 71.19B | 73.75B | 76.11B |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 1.78B | 2.88B | 3.67B | 3.57B |
| Total Debt | 2.12B | 2.52B | 2.65B | 3.48B | 4.84B |
| Total Liabilities | 45.53B | 51.65B | 51.57B | 54.29B | 58.59B |
| Stockholders Equity | 15.72B | 17.52B | 17.98B | 17.94B | 16.06B |
Cash Flow | |||||
| Free Cash Flow | 1.23B | -487.27M | -259.90M | 737.40M | 384.03M |
| Operating Cash Flow | 1.24B | -459.13M | 69.96M | 1.01B | 489.26M |
| Investing Cash Flow | 984.53M | -102.15M | 228.81M | 103.36M | 723.20M |
| Financing Cash Flow | -2.79B | -551.72M | -869.79M | -1.02B | -1.02B |
Mingfa Group (International) Co. Ltd. Technical Analysis
Mingfa Group (International) Co. Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$716.25M | 7.86 | 1.68% | ― | 5.63% | -11.50% | |
63 Neutral | $6.74B | 18.42 | -1.93% | 6.80% | 4.67% | -25.44% | |
46 Neutral | HK$1.01B | ― | -10.79% | ― | -27.84% | -298.63% | |
| ― | HK$699.20M | ― | -97.81% | ― | ― | ― | |
44 Neutral | HK$501.60M | ― | -24.64% | 18.65% | -55.50% | -320.37% | |
39 Underperform | HK$424.10M | ― | ― | -55.88% | -10.72% | ||
20 Underperform | HK$550.97M | ― | -25.88% | ― | 24.01% | -103.87% |
Mingfa Group (International) Co. Ltd. Corporate Events
Mingfa Group (International) Co. Ltd. reported unaudited contracted sales of approximately RMB1.4 billion for the first half of 2025, marking a 17.6% decrease compared to the same period in 2024. This decline in sales may impact the company’s market positioning and stakeholder confidence, as it reflects challenges in maintaining sales momentum in a competitive real estate market.
Mingfa Group (International) Co. Ltd. has announced progress in the restructuring of the boards of directors for its PRC subsidiaries. As of the latest update, two subsidiaries are awaiting approval from local regulatory authorities to finalize changes in their board compositions. The company plans to provide monthly updates on the restructuring process, which is crucial for aligning its governance structure with strategic goals.
Mingfa Group (International) Co. Ltd. has revised the terms of reference for its Nomination Committee, effective June 24, 2025. The committee, primarily composed of independent non-executive directors, is tasked with overseeing the appointment of directors and ensuring compliance with listing rules. It will also review the board’s structure and composition annually, making recommendations to align with the company’s corporate strategy.
Mingfa Group (International) Co. Ltd. has announced a change in the composition of its Nomination Committee, effective June 24, 2025. Mr. Lau Kin Hon has stepped down as a member, and Ms. Shang Xuan, an executive director, has been appointed to the committee. This change reflects the company’s ongoing adjustments in its governance structure, potentially impacting its strategic direction and stakeholder engagement.
Mingfa Group (International) Co. Ltd. has announced changes to its board of directors, effective from June 24, 2025. The new board structure includes executive, non-executive, and independent non-executive directors, with specific roles assigned to each member. Additionally, the company has established several committees, including audit, nomination, remuneration, and risk management committees, with designated chairpersons and members. These changes are likely to impact the company’s governance and strategic direction, potentially affecting its operations and stakeholder relationships.
Mingfa Group (International) Co. Ltd. held its annual general meeting on June 6, 2025, where all proposed ordinary resolutions were passed. The meeting saw participation from shareholders representing a significant portion of the company’s shares, and the resolutions included the approval of financial statements and the re-election of directors.
Mingfa Group (International) Co. Ltd. has announced a progress update on the restructuring of the boards of directors of its PRC subsidiaries. As of the latest update, two subsidiaries have submitted applications for director changes, pending approval from local regulatory authorities. The restructuring will be finalized once these approvals are granted, and the company will continue to provide monthly updates on the progress.
Mingfa Group (International) Co. Ltd. announced that two of its PRC subsidiaries are awaiting approval from local regulatory bureaus for changes in their board of directors. The restructuring process is nearing completion, with further updates to be provided monthly, signaling a significant step in the company’s strategic management realignment.
Mingfa Group (International) Co. Ltd. has announced its upcoming Annual General Meeting, which will take place on June 6, 2025, in Hong Kong. The meeting will address several key resolutions, including the approval of the 2024 financial statements, re-election of directors, and re-appointment of the company’s auditor. Additionally, shareholders will consider granting the board authority to issue new shares within specified limits, potentially impacting the company’s capital structure and shareholder value.