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China Qinfa Group Ltd.
(0866)
China Qinfa Group Ltd. (0866) vs. iShares MSCI Hong Kong ETF (EWH)
China Qinfa Group Ltd. Business Overview & Revenue Model
China Qinfa Group Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.60B | 3.45B | 3.79B | 4.56B | 2.25B |
| Gross Profit | 514.54M | 878.02M | 1.27B | 1.94B | 355.31M |
| EBITDA | 1.03B | 1.46B | 1.75B | 6.75B | -3.47B |
| Net Income | 501.94M | 200.35M | 456.54M | 2.79B | -2.91B |
Balance Sheet | |||||
| Total Assets | 8.63B | 7.86B | 7.85B | 7.90B | 5.30B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 302.73M | 856.00M | 1.05B | 154.90M |
| Total Debt | 1.20B | 3.58B | 3.53B | 3.71B | 4.60B |
| Total Liabilities | 5.14B | 7.54B | 7.04B | 7.58B | 8.19B |
| Stockholders Equity | 1.97B | -472.87M | 13.11M | -450.10M | -3.27B |
Cash Flow | |||||
| Free Cash Flow | -384.53M | 378.85M | 253.32M | 1.75B | 404.63M |
| Operating Cash Flow | 466.93M | 1.46B | 984.43M | 1.89B | 527.08M |
| Investing Cash Flow | -612.16M | -1.84B | -835.63M | -18.77M | -139.68M |
| Financing Cash Flow | 823.72M | -212.07M | -307.81M | -989.73M | -394.07M |
China Qinfa Group Ltd. Technical Analysis
China Qinfa Group Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$9.86B | 4.31 | 27.12% | 13.68% | 17.89% | 0.63% | |
68 Neutral | $15.14B | 9.95 | 6.38% | 5.21% | 4.16% | -67.19% | |
54 Neutral | HK$4.52B | 8.25 | 87.02% | 2.25% | -26.23% | 147.99% | |
| $924.54M | 3.68 | 19.62% | ― | ― | ― | ||
| €135.18M | 2.28 | 14.62% | 7.34% | ― | ― | ||
| €274.65M | 2.17 | 10.58% | 15.37% | ― | ― | ||
51 Neutral | HK$524.71M | ― | -10.52% | 21.25% | -5.74% | -1526.68% |
China Qinfa Group Ltd. Corporate Events
China Qinfa Group Limited announced the resignation of Mr. Jing Dacheng from his role as an independent non-executive director and member of several board committees due to health reasons, effective June 26, 2025. This resignation results in non-compliance with Hong Kong Stock Exchange listing rules, as the company now lacks the required number of independent non-executive directors and audit committee members. The company plans to appoint a suitable replacement within three months to address this issue.
China Qinfa Group Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within the organization. The board is comprised of both executive and independent non-executive directors, with Mr. Xu Da serving as Chairman and Mr. Bai Tao as the Chief Executive Officer. The announcement also details the membership of four board committees, including the Audit, Remuneration, Nomination, and Environmental, Social and Governance Committees, highlighting the leadership roles within each committee.
China Qinfa Group Ltd. has announced an extraordinary general meeting to approve a sale and purchase agreement and a corporate guarantee agreement. These agreements involve the sale of Perpetual Goodluck Limited’s entire issued share capital and the provision of corporate guarantees for existing bank loans of Shanxi Huameiao Energy Group Company Limited. The approval of these agreements could impact the company’s financial structure and stakeholder interests.
China Qinfa Group Ltd. has announced the closure of its member register to facilitate an extraordinary general meeting (EGM) scheduled for July 11, 2025. This meeting is pivotal for shareholders as it involves discussions on the Sale and Purchase Agreement and the Corporate Guarantee Agreement, potentially impacting the company’s strategic direction and shareholder interests.
China Qinfa Group Ltd. announced that all resolutions proposed at its Annual General Meeting on June 20, 2025, were passed by poll. These included the adoption of financial statements, declaration of a final dividend, re-election of directors, re-appointment of auditors, and granting of general mandates to the board. This successful meeting reflects strong shareholder support and positions the company for continued stability and strategic growth.
China Qinfa Group Ltd. has announced a substantial disposal and connected transaction involving the sale of its wholly-owned subsidiary, an investment holding company engaged in coal mining and operations, for RMB30,000,000. This transaction, which exceeds 75% of the applicable percentage ratios, requires shareholder approval and will result in the subsidiary’s financial results no longer being consolidated into the group’s statements. Additionally, the company has agreed to provide corporate guarantees for existing bank loans of the disposal group, totaling RMB389,500,000, while receiving an interest-free loan of RMB417,000,000 as security.
China Qinfa Group Ltd. has issued a clarification regarding its coal supply agreements, specifically the one dated 10 April 2025. The company has adjusted the shipping schedule to occur between April and June 2025 and revised the base quantity of coal under the April agreement. The estimated transaction amount is set at USD22 million, with provisions for adjustments if coal prices fluctuate. Supplemental agreements have also been made to remove annual cap provisions and adjust coal quantities, reflecting the company’s strategic focus on optimizing its coal supply operations.
China Qinfa Group Ltd. has announced its annual general meeting to be held on June 20, 2025, in Guangzhou City, China. Key agenda items include the adoption of financial statements for 2024, a final dividend declaration, re-election of executive directors, re-appointment of auditors, and authorization for share repurchase. These resolutions could impact the company’s financial strategies and shareholder value.
China Qinfa Group Ltd. has completed the acquisition of 100% equity interest in PT Widyanusa Mandiri, making it an indirectly wholly-owned subsidiary. This acquisition increases Qinfa’s effective equity interest in SDE to 70%, and the financial results of the newly acquired group will be consolidated into Qinfa’s financial statements, potentially enhancing its market position and operational scale.
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 200,000 MT of Indonesian steam coal. This agreement, which is classified as a continuing connected transaction under the Hong Kong Stock Exchange Listing Rules, reflects fair and reasonable terms and is expected to enhance the company’s operational capacity and market presence in the coal industry.