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China MeiDong Auto Holdings
(1268)
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Rating:44Neutral
Price Target:
HK$0.50
▼(-55.41% Downside)
Action:Reiterated
Date:05/27/26
The score is held down primarily by weakened financial performance (ongoing losses, higher leverage, and negative 2025 cash flow) and a strongly bearish technical setup (price below all key moving averages with negative MACD). A high dividend yield offers some support, but the negative P/E reflects the underlying earnings risk.
Positive Factors
Recurring after-sales revenue
The dealership model generates recurring, higher-margin after-sales income (service, parts, repairs) tied to the installed vehicle base. Over 2–6 months this provides durable cash flow and margin support even if new-vehicle volumes fluctuate, helping stabilize overall profitability.
Negative Factors
Rising leverage
Leverage rising to roughly 2.0x materially weakens financial flexibility and heightens refinancing and covenant risk. In a cyclical sector like auto retail, elevated debt makes the company more sensitive to revenue or margin shocks and constrains capacity to invest or absorb further downturns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring after-sales revenue
The dealership model generates recurring, higher-margin after-sales income (service, parts, repairs) tied to the installed vehicle base. Over 2–6 months this provides durable cash flow and margin support even if new-vehicle volumes fluctuate, helping stabilize overall profitability.
Read all positive factors
China MeiDong Auto Holdings (1268) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$686.59M
Dividend Yield4.01%
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth-9.61%
EPS Growth67.03%
CountryHK
Employees3,706
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-0.57
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)HK$18.17B
China MeiDong Auto Holdings Business Overview & Revenue Model
Company Description
As an investment holding company, China MeiDong Auto Holdings Limited operates as a leading automobile dealership group throughout the People's Republic of China. Its primary activities include the retail of new passenger vehicles and their corres...
How the Company Makes Money
China MeiDong Auto Holdings makes money primarily through (1) selling new passenger vehicles and (2) earning recurring after-sales and related service income tied to the vehicle parc it serves.
1) New vehicle sales (primary revenue stream)
- Ret...
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 | 20.02B | 22.15B | 28.55B | 28.65B | 23.58B |
| Gross Profit | 1.15B | 1.56B | 2.08B | 2.52B | 2.77B |
| EBITDA | 452.43M | -1.84B | 1.25B | 1.61B | 1.80B |
| Net Income | -754.99M | -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
0.73
Negative
1.11
Negative
1.34
Negative
Market Momentum
-0.07
Negative
31.28
Neutral
11.45
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 above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.73, and below the 200-day MA of 1.34, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 31.28 is Neutral, neither overbought nor oversold. The STOCH value of 11.45 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% | |
51 Neutral | HK$12.64B | -6.38 | -3.56% | 5.79% | -2.14% | -153.42% | |
49 Neutral | HK$1.39B | 140.55 | 0.89% | ― | -33.67% | ― | |
44 Neutral | HK$686.59M | -0.79 | -127.27% | 4.01% | -9.61% | 67.03% | |
44 Neutral | HK$1.40B | -0.25 | -26.57% | 9.05% | -13.88% | -2685.61% | |
44 Neutral | HK$1.43B | -0.47 | 1123.27% | ― | -9.75% | 29.53% | |
42 Neutral | HK$1.16B | -1.57 | -4.42% | 3.49% | 28.31% | -119.12% |
* Consumer Cyclical Sector Average
HK:1268
China MeiDong Auto Holdings
0.51
-1.63
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China MeiDong Auto Holdings Corporate Events
China MeiDong Auto Shareholders Approve All AGM Resolutions and 2025 Dividend
May 13, 2026
China MeiDong Auto Holdings has announced that all resolutions proposed at its annual general meeting on 13 May 2026 were duly approved by shareholders by way of poll. The meeting endorsed the 2025 audited financial statements, re-elected two inde...
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...
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.