China MeiDong Auto Holdings Ltd. (HK:1268)
:1268
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China MeiDong Auto Holdings
(1268)
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Rating:42Neutral
Price Target:
HK$0.96
▼(-13.51% Downside)
Action:ReiteratedDate:04/25/26
The score is held down primarily by weakened financial performance (ongoing losses, higher leverage, and negative 2025 cash flow) and a bearish technical trend (price below key moving averages with negative MACD). A relatively high dividend yield provides some offset, but the negative P/E and stressed fundamentals limit valuation support.
Positive Factors
Recurring after-sales services
After-sales service revenue is a durable, high-margin income source tied to the installed vehicle base. It creates repeat customer flows, supports higher lifetime value, and cushions earnings when new-vehicle volumes are cyclical, improving revenue stability over months to years.
Negative Factors
Rising leverage
Leverage doubling over two years weakens the equity base and reduces financial flexibility. Higher debt amplifies earnings volatility and increases refinancing and interest risks, constraining the company's ability to invest in inventory, expand service capacity, or withstand demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring after-sales services
After-sales service revenue is a durable, high-margin income source tied to the installed vehicle base. It creates repeat customer flows, supports higher lifetime value, and cushions earnings when new-vehicle volumes are cyclical, improving revenue stability over months to years.
Read all positive factors
China MeiDong Auto Holdings (1268) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.33B
Dividend Yield4.01%
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth-9.61%
EPS Growth67.03%
CountryHK
Employees3,706
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,346,247,200
10 Day Avg. Volume1,642,239
30 Day Avg. Volume1,301,103
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.76
Price to Sales (P/S)0.08
P/FCF Ratio-2.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.88Price Target Upside69.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.13
Revenue Forecast (FY)HK$18.86B
China MeiDong Auto Holdings Business Overview & Revenue Model
Company Description
China MeiDong Auto Holdings Limited, an investment holding company, operates as an automobile dealer in the People's Republic of China. The company is involved in the sale of new passenger cars and spare parts; and provision of service and survey....
How the Company Makes Money
The company primarily makes money through a dealership-based retail and service model. (1) New vehicle sales: MeiDong generates revenue by selling new cars through franchised dealerships; earnings are driven by sales volume, vehicle mix (e.g., pre...
China MeiDong Auto Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
34
Negative
Cash Flow
31
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.50B | 22.15B | 28.55B | 28.65B | 23.58B |
| Gross Profit | 1.12B | 1.56B | 2.08B | 2.52B | 2.77B |
| EBITDA | 477.02M | -1.84B | 1.25B | 1.61B | 1.80B |
| Net Income | -735.45M | -2.26B | 140.20M | 521.03M | 1.17B |
Balance Sheet | |||||
| Total Assets | 7.52B | 11.48B | 14.22B | 14.24B | 9.80B |
| Cash, Cash Equivalents and Short-Term Investments | 2.02B | 2.66B | 2.92B | 2.35B | 2.62B |
| Total Debt | 4.05B | 4.08B | 5.03B | 5.64B | 2.58B |
| Total Liabilities | 5.38B | 8.52B | 8.93B | 9.81B | 5.69B |
| Stockholders Equity | 2.02B | 2.83B | 5.15B | 4.28B | 3.95B |
Cash Flow | |||||
| Free Cash Flow | -665.79M | 753.74M | 469.06M | 870.43M | 1.45B |
| Operating Cash Flow | -528.10M | 864.65M | 816.79M | 1.15B | 1.81B |
| Investing Cash Flow | -261.06M | 730.47M | 156.80M | -3.48B | -1.38B |
| Financing Cash Flow | -2.06B | -1.31B | -250.29M | 1.33B | -317.49M |
China MeiDong Auto Holdings Technical Analysis
Negative
1.11
Price Trends
1.54
Negative
1.46
Negative
1.72
Negative
Market Momentum
-0.12
Positive
23.66
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1268, the sentiment is Negative. The current price of 1.11 is below the 20-day moving average (MA) of 1.40, below the 50-day MA of 1.54, and below the 200-day MA of 1.72, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 23.66 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1268.
China MeiDong Auto Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$1.43B | -0.14 | 1123.27% | ― | -9.75% | 29.53% | |
49 Neutral | HK$1.58B | 180.41 | 3.24% | ― | -33.67% | ― | |
47 Neutral | HK$1.97B | -0.43 | -26.57% | 9.05% | -13.88% | -2685.61% | |
46 Neutral | HK$17.34B | -15.16 | -3.56% | 5.79% | -2.14% | -153.42% | |
43 Neutral | HK$1.48B | -2.26 | -4.42% | 3.49% | 28.31% | -114.88% | |
42 Neutral | HK$1.33B | -2.09 | -127.27% | 4.01% | -9.61% | 67.03% |
* Consumer Cyclical Sector Average
HK:1268
China MeiDong Auto Holdings
0.99
-1.04
-51.14%
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China Yongda Automobiles Services
1.07
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-53.70%
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0.14
0.02
20.17%
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China Harmony Auto Holding Limited
1.01
0.37
57.81%
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Zhongsheng Group Holdings Ltd.
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China MeiDong Auto Holdings Corporate Events
China MeiDong Auto Sets 2026 AGM to Approve Results, Board Mandates and Share Issue Authority
Apr 20, 2026
China MeiDong Auto Holdings has called its annual general meeting for 13 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and the reports from the board and independent audi...
China MeiDong Auto Narrows Loss but Books Heavy Impairments in 2025
Mar 31, 2026
China MeiDong Auto reported 2025 revenue of RMB20.02 billion, with gross profit of RMB1.15 billion and a slim gross margin of 5.7%, underscoring the tight profitability of its car dealership operations. Despite lower administrative and distributio...
China MeiDong Auto Proposes Final Dividend for 2025 Financial Year
Mar 31, 2026
China MeiDong Auto Holdings Limited has proposed a final ordinary cash dividend of RMB 0.0337 per share for the financial year ended 31 December 2025, underscoring its intent to return capital to shareholders. The payout remains subject to shareho...
China MeiDong Auto Sets March 31 Board Meeting on 2025 Results and Dividend
Mar 19, 2026
China MeiDong Auto Holdings has scheduled a board meeting for 31 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the declaration of a final dividend, which could affec...
China MeiDong Auto Grants 8.56 Million Share Options to Directors and Staff
Jan 29, 2026
China MeiDong Auto Holdings has granted 8,559,000 share options to its directors and employees under its 2025 Share Option Scheme, with each option entitling the holder to subscribe for one ordinary share at an exercise price of HK$1.38. The optio...
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.