China Qinfa Group Ltd. (HK:0866)
:0866
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China Qinfa Group Ltd.
(0866)
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Rating:47Neutral
Price Target:
HK$4.00
▲(51.52% Upside)
Action:DowngradedDate:01/29/26
The score is held down primarily by weak financial fundamentals—especially negative equity/high leverage and deteriorating free cash flow—despite some improvement in net margin. Technicals show an uptrend, but the stock appears overextended (very high RSI/Stoch), and valuation offers limited support with a higher P/E and modest dividend yield.
Positive Factors
Recurring revenue from long-term contracts
Long-term logistics and trading contracts create recurring revenue and reduce short-term volatility. This stable income base supports operational planning, customer stickiness and more predictable working capital needs, improving resilience over the next several months.
Negative Factors
High leverage and negative equity
Negative equity and heavy leverage materially weaken financial flexibility, increasing refinancing, covenant and counterparty risks. Over coming months this constrains strategic options, raises interest burden sensitivity, and heightens the chance of liquidity stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue from long-term contracts
Long-term logistics and trading contracts create recurring revenue and reduce short-term volatility. This stable income base supports operational planning, customer stickiness and more predictable working capital needs, improving resilience over the next several months.
Read all positive factors
China Qinfa Group Ltd. (0866) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.75B
Dividend Yield1.53%
Average Volume (3M)5.62M
Price to Earnings (P/E)―
Beta (1Y)-0.16
Revenue Growth-20.71%
EPS Growth209.68%
CountryHK
Employees3,612
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)0.01
Shares Outstanding2,627,414,000
10 Day Avg. Volume5,612,644
30 Day Avg. Volume5,623,166
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.45
Price to Sales (P/S)1.10
P/FCF Ratio-7.45
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)0.24
Revenue Forecast (FY)HK$2.51B
China Qinfa Group Ltd. Business Overview & Revenue Model
Company Description
China Qinfa Group Limited, an investment holding company, engages in the mining, purchase and sale, filtering, storage, blending, shipping, and transportation of coal in the People's Republic of China. The company operates through Coal Business an...
How the Company Makes Money
China Qinfa Group generates revenue primarily through its coal logistics services, which include the transportation and storage of coal, as well as through direct coal trading activities. The company benefits from a robust revenue model that inclu...
China Qinfa Group Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.32B | 2.60B | 3.45B | 3.79B | 4.56B | 2.25B |
| Gross Profit | 434.41M | 514.54M | 878.02M | 1.27B | 1.94B | 355.31M |
| EBITDA | 981.51M | 1.03B | 1.46B | 1.75B | 6.75B | -3.47B |
| Net Income | 332.85M | 501.94M | 200.35M | 456.54M | 2.79B | -2.91B |
Balance Sheet | ||||||
| Total Assets | 9.50B | 8.63B | 7.86B | 7.85B | 7.90B | 5.30B |
| Cash, Cash Equivalents and Short-Term Investments | 618.80M | 1.03B | 302.73M | 856.00M | 1.05B | 154.90M |
| Total Debt | 1.08B | 1.20B | 3.58B | 3.53B | 3.71B | 4.60B |
| Total Liabilities | 6.26B | 5.14B | 7.54B | 7.04B | 7.58B | 8.19B |
| Stockholders Equity | 1.77B | 1.97B | -472.87M | 13.11M | -450.10M | -3.27B |
Cash Flow | ||||||
| Free Cash Flow | -582.31M | -384.53M | 378.85M | 253.32M | 1.75B | 404.63M |
| Operating Cash Flow | -231.85M | 466.93M | 1.46B | 984.43M | 1.89B | 527.08M |
| Investing Cash Flow | -328.50M | -612.16M | -1.84B | -835.63M | -18.77M | -139.68M |
| Financing Cash Flow | 1.31B | 823.72M | -212.07M | -307.81M | -989.73M | -394.07M |
China Qinfa Group Ltd. Technical Analysis
Neutral
2.64
Price Trends
3.75
Negative
3.32
Positive
2.87
Positive
Market Momentum
-0.08
Positive
36.98
Neutral
12.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0866, the sentiment is Neutral. The current price of 2.64 is below the 20-day moving average (MA) of 3.78, below the 50-day MA of 3.75, and below the 200-day MA of 2.87, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.98 is Neutral, neither overbought nor oversold. The STOCH value of 12.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0866.
China Qinfa Group Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$17.79B | 11.60 | 10.90% | 9.92% | -2.79% | -39.45% | |
72 Outperform | HK$10.73B | -9.03 | 6.97% | ― | -20.50% | -64.45% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | HK$1.54B | -8.58 | 6.31% | 4.24% | -26.28% | -69.55% | |
56 Neutral | HK$2.17B | 4.52 | 3.21% | 20.68% | -23.72% | -86.69% | |
47 Neutral | HK$8.75B | -47.23 | 17.81% | 1.53% | -20.71% | 209.68% | |
45 Neutral | HK$551.48M | -0.91 | -16.39% | ― | -26.97% | -76.57% |
* Energy Sector Average
HK:0866
China Qinfa Group Ltd.
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China Qinfa Group Ltd. Corporate Events
China Qinfa Group Secures Coal Supply Agreement with Zhejiang Energy
Dec 2, 2025
China Qinfa Group Ltd. announced a Coal Supply Agreement between its non-wholly owned subsidiary, SDE, and Zhejiang Energy Asia Pacific. This agreement involves the sale of 150,000 MT of Indonesian steam coal, with potential adjustments, to be del...
China Qinfa Group’s Subsidiary Enters Coal Supply Agreement with Zhejiang Energy
Nov 14, 2025
China Qinfa Group Ltd. announced that its subsidiary, SDE, has entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific for the sale of 150,000 MT of Indonesian steam coal. This agreement is considered a connected transaction under H...
China Qinfa Group Ltd. Joins MSCI Global Small Cap Indexes
Nov 6, 2025
China Qinfa Group Ltd. has announced its inclusion in the MSCI Global Small Cap Indexes following a recent review by Morgan Stanley Capital International. This inclusion, effective after trading on November 24, 2025, marks a significant developmen...
China Qinfa Group Updates on TSE Coal Mine Development
Nov 3, 2025
China Qinfa Group Limited has announced an update on its coal mining development at the TSE Coal Mine in South Kalimantan, Indonesia. The mine, which spans 168 square kilometers, is in the pre-operational planning phase with construction expected ...
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.