Top Page
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
(1601)
Zhongguancun Science-Tech Leasing Co. Ltd. Class H (1601) vs. iShares MSCI Hong Kong ETF (EWH)
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Business Overview & Revenue Model
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 394.25M | 516.51M | 472.95M | 430.99M | 657.04M | 595.63M |
| Gross Profit | 394.25M | 516.51M | 518.71M | 430.99M | 366.33M | 316.14M |
| EBITDA | 0.00 | 847.62M | 0.00 | 320.69M | 280.76M | 229.67M |
| Net Income | 280.92M | 271.04M | 259.88M | 226.10M | 195.92M | 161.47M |
Balance Sheet | ||||||
| Total Assets | 12.85B | 13.06B | 12.41B | 10.91B | 9.43B | 8.17B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 840.97M | 635.26M | 634.99M | 650.16M | 413.27M |
| Total Debt | 3.16B | 3.37B | 8.20B | 7.07B | 5.94B | 4.90B |
| Total Liabilities | 9.71B | 10.47B | 10.01B | 8.69B | 7.37B | 6.25B |
| Stockholders Equity | 3.14B | 2.58B | 2.40B | 2.22B | 2.05B | 1.92B |
Cash Flow | ||||||
| Free Cash Flow | -737.29M | 77.70M | -667.35M | -680.03M | -682.00M | 27.08M |
| Operating Cash Flow | -501.49M | 136.60M | -635.56M | -670.90M | -676.43M | 37.22M |
| Investing Cash Flow | -203.52M | -86.59M | -46.27M | -68.22M | -30.79M | -33.91M |
| Financing Cash Flow | 1.26B | 156.38M | 682.11M | 723.93M | 944.12M | 157.92M |
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Technical Analysis
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$21.24B | 3.92 | 13.09% | 5.84% | 3.17% | 23.13% | |
71 Outperform | HK$6.42B | 4.29 | 7.87% | 11.28% | 0.59% | -5.95% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$1.39B | 3.83 | 9.89% | 7.43% | 1.11% | 3.98% | |
59 Neutral | HK$290.84M | 21.50 | 0.49% | ― | 8.77% | -76.88% | |
58 Neutral | HK$1.26B | 2.04 | 12.71% | 9.77% | 16.56% | 110.71% | |
47 Neutral | HK$134.98M | -1.62 | -21.07% | ― | 25.64% | -25.07% |
Zhongguancun Science-Tech Leasing Co. Ltd. Class H Corporate Events
Zhongguancun Science-Tech Leasing Co., Ltd. has reshuffled key governance roles on its board committees, appointing chairman and executive director Xu Jingquan as chairman of both the nomination committee and the environmental, social and governance committee, as well as a member of the remuneration and risk control committees, effective 31 December 2025. With Xu’s appointment to lead the nomination committee, the company confirms it has restored full compliance with Hong Kong listing requirements regarding board committee composition, a move that reinforces its corporate governance structure and may provide greater regulatory certainty and confidence for investors and other stakeholders.
The most recent analyst rating on (HK:1601) stock is a Hold with a HK$0.92 price target. To see the full list of analyst forecasts on Zhongguancun Science-Tech Leasing Co. Ltd. Class H stock, see the HK:1601 Stock Forecast page.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced the current composition of its board of directors, comprising executive, non-executive and independent non-executive members, including chairman Xu Jingquan and independent non-executive directors Wu Tak Lung, Lin Zhen and Xiao Wang. The board has also formalised the structure and membership of its five key committees—audit, remuneration, nomination, risk control, and environmental, social and governance—clarifying which directors serve as chairs or members of each body, thereby reinforcing its corporate governance framework and oversight mechanisms for stakeholders.
The most recent analyst rating on (HK:1601) stock is a Hold with a HK$0.92 price target. To see the full list of analyst forecasts on Zhongguancun Science-Tech Leasing Co. Ltd. Class H stock, see the HK:1601 Stock Forecast page.
Zhongguancun Science-Tech Leasing Co. Ltd. has received regulatory approval from the Beijing Municipal Bureau of Local Financial Regulation and Supervision for the qualifications of Mr. Xu Zhengwen as a non-executive director and Mr. Xiao Wang as an independent non-executive director, with both appointments effective from 30 December 2025 for the remainder of the board’s second session. Following the approval, Mr. Xu also joins the audit committee, while Mr. Xiao becomes chairman of the remuneration committee and a member of the audit, nomination and risk control committees, moves that strengthen the board’s governance structure and bring additional experience from Beijing’s technology, medical equipment and integrated circuit sectors to the company’s oversight and strategic decision-making.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced the current composition of its board of directors, detailing the mix of executive, non-executive, and independent non-executive directors and their roles in corporate governance. The company has also set out the membership and leadership of its five key board committees—Audit, Remuneration, Nomination, Risk Control, and Environmental, Social and Governance—clarifying oversight responsibilities and signaling an emphasis on risk management and ESG governance, which are important for shareholders, regulators, and other stakeholders monitoring board effectiveness and compliance.
Zhongguancun Science-Tech Leasing has entered into a second sale-and-leaseback finance lease with a Chinese mining services company, acquiring a portfolio of excavators, mining trucks and related equipment for RMB40 million and leasing them back over 18 months for total payments of about RMB41.76 million, including RMB1.76 million in interest. Together with a similar RMB45 million transaction agreed in September with the same lessee, the aggregated deals exceed the 5% threshold under Hong Kong listing rules, classifying them as discloseable transactions that must be publicly announced, and underscoring the company’s ongoing push to grow its leasing book in the coal-mining services equipment segment while generating interest income from structured equipment-based financing.
Zhongguancun Science-Tech Leasing Co., Ltd. has issued a supplemental announcement detailing revisions to its previously disclosed fund partnership agreement entered into with partners including ZGC Co-Innovative and Beijing Zhongnuo. Under the updated terms, the company will continue to receive 10% of any remaining fund income as a cornerstone return after the initial three distribution tiers, with the residual balance to be shared equally between ZGC Co-Innovative and Beijing Zhongnuo, and the board maintains that these changes were reached through arm’s length negotiations, are on normal commercial terms, and are in the interests of the company and its shareholders; one director, who also serves at subsidiaries of ZGC Group, abstained from voting due to a deemed material interest, while no other directors were required to abstain.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease arrangement with an independent PRC equipment company engaged in R&D, leasing and sales of fluid machinery for oil and gas production. Under the agreement, Zhongguancun will purchase a star spinning pumping pump skid from the lessee for RMB23.7 million and lease it back over 36 months for total payments of about RMB26.3 million, generating roughly RMB2.6 million in interest income. Aggregated with several similar deals over the past year involving counterparties under common control, the transaction crosses the 5% threshold under Hong Kong listing rules and is classified as a disclosable transaction, underscoring the company’s continued expansion of its equipment finance portfolio and compliance obligations to public market investors.
Zhongguancun Science-Tech Leasing has entered into a new 24‑month sale-and-leaseback finance lease deal dated 26 December 2025 with a mainland Chinese backlight module manufacturer, under which it will purchase backlight production equipment for RMB32 million and lease it back for total payments of about RMB33.7 million, generating roughly RMB1.7 million in interest income. Together with a similar June 2025 transaction involving RMB49 million of equipment and RMB51.48 million in total lease payments, the aggregated deals cross the 5% threshold under Hong Kong Listing Rules, making the latest agreement a disclosable transaction that underscores the company’s continued expansion in equipment leasing to the display supply chain while formally triggering notification and announcement obligations for investors.
Zhongguancun Science-Tech Leasing Co., Ltd. has agreed to purchase 30 battery-swappable unmanned wide body mining trucks from an independent Chinese manufacturer for RMB73.5 million, funded by internal resources and/or bank loans, to support its operating lease business in high-tech industrial equipment. The deal, together with two recent finance lease agreements with a related lessee involving mining trucks worth a combined RMB49 million in transfer consideration, is treated as a series of connected transactions under Hong Kong listing rules and qualifies as a disclosable transaction, underscoring the company’s push to deepen its presence in unmanned, battery-swappable mining equipment leasing and potentially enhance recurring lease income from the mining sector.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement with an independent PRC company engaged in the production of lithium-ion and high-energy storage batteries, underscoring its focus on financing advanced manufacturing and energy storage equipment. Under the latest deal, the company will acquire energy storage production equipment with a net book value of about RMB20.41 million from the lessee for RMB19 million and lease it back for 12 months for total payments of roughly RMB19.48 million, generating around RMB0.48 million in interest income. Aggregated with two earlier lease agreements over the past year involving entities under the same ultimate beneficial owner, the transaction reaches a size that classifies it as a discloseable transaction under Hong Kong listing rules, highlighting the growing contribution of such structured leaseback deals to the company’s business and its compliance obligations to investors.
Zhongguancun Science-Tech Leasing has entered into two new sale-and-leaseback finance lease agreements on 24 December 2025 with two independent Chinese companies engaged in research, development, production and sales of high-end complex formulations, acquiring leased assets of RMB40 million from each lessee and leasing them back over 48 months, with each contract generating total lease payments of about RMB45.43 million, including approximately RMB5.43 million of interest income. Together with a prior June 2025 lease with one of the lessees for RMB20 million in assets and RMB21.04 million in total payments, these related transactions are aggregated under Hong Kong listing rules and classified as a discloseable transaction, underscoring the company’s growing exposure to the high-end pharmaceutical formulations sector and adding a steady stream of interest income while triggering notification and announcement obligations for investors.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement with an independent Chinese company engaged in the production of battery negative electrode materials, under which it will purchase the lessee’s negative electrode material production equipment for RMB40 million and lease it back for 12 months, generating total lease payments of about RMB41.15 million. The transaction, aggregated with a prior similar finance lease within 12 months, reaches a size that classifies it as a discloseable transaction under Hong Kong listing rules, underscoring the company’s ongoing push to expand its leasing portfolio in advanced manufacturing equipment while adhering to regulatory disclosure requirements and potentially enhancing its interest income and asset utilisation over the short term.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a sale-and-leaseback finance lease agreement with an independent PVC protective gloves manufacturer in China, under which it will purchase a PVC glove production line for RMB100 million and lease it back to the client for 24 months. The total lease payments will amount to approximately RMB105.26 million, including about RMB5.26 million in interest income, with quarterly instalments, and the lessee will have the right to repurchase the assets for a nominal RMB100 upon full performance of its obligations. Classified as a discloseable transaction under Hong Kong listing rules, the deal reflects the company’s ongoing deployment of working capital into revenue-generating leasing assets, reinforcing its role in equipment financing for industrial customers while adhering to arm’s length pricing based on asset book value and prevailing market rates.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement on 19 December 2025 with a third-party lessee, under which it will acquire leased assets for RMB43 million and lease them back for 36 months, generating total lease payments of about RMB47.66 million including interest. Together with two earlier finance lease deals completed in May and October 2025 involving consideration of RMB7.22 million and RMB30 million respectively and counterparties under common control, the transactions are aggregated under Hong Kong listing rules and classified as a discloseable transaction, triggering notification and announcement requirements but remaining below the threshold for more onerous approvals, and indicating the company’s continued use of sale-and-leaseback structures to deploy capital and earn interest income from independent industrial clients.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into two new finance lease transactions dated 19 December 2025, under which it will purchase specified leased assets from a supplier for a total of approximately RMB6.02 million and then lease them to two related lessees over 36‑month terms. The new leases, with aggregate principals of about RMB4.82 million and total lease payments of roughly RMB5.15 million, will generate interest income for the company and, when combined with a series of similar transactions over the past 12 months with lessees under common control, meet the threshold for classification as a discloseable transaction under Hong Kong listing rules, triggering notification and announcement obligations but not higher-level shareholder approval, thereby underlining a steady expansion of its leasing portfolio within regulatory parameters.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease arrangement under which it will acquire leased assets from a lessee for RMB49 million and lease them back for 12 months, generating total lease payments of about RMB49.82 million and interest income of roughly RMB0.82 million, funded from its internal resources and negotiated on an arm’s-length basis. Together with an earlier RMB23.22 million equipment purchase and five-year finance lease signed this month with a related lessee in the new energy sector, the aggregated transactions exceed the 5% disclosure threshold under Hong Kong listing rules, making the latest deal a disclosable transaction that underscores the company’s ongoing deployment of capital into asset-backed leasing and its expanding exposure to new energy-related customers.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement under which it will acquire production and processing machine tools and related equipment from a PRC-based manufacturer of motors and electric drive systems for new energy commercial and passenger vehicles for RMB49 million and lease them back over 24 months, generating total lease payments of about RMB52.35 million, including interest income. Together with a similar RMB30 million sale-and-leaseback transaction signed with the same lessee in June 2025, the deals are large enough to be classified as a discloseable transaction under Hong Kong listing rules, underscoring the company’s ongoing use of equipment-backed leasing to support the fast-growing new energy vehicle supply chain while expanding its interest income base.
Zhongguancun Science-Tech Leasing Co., Ltd. announced a finance lease agreement with a high-speed cable business, involving the acquisition and leaseback of production equipment valued at RMB30,000,000. The transaction, classified as discloseable under Hong Kong’s Listing Rules, highlights the company’s strategic efforts to expand its leasing portfolio and strengthen its market position.
Zhongguancun Science-Tech Leasing Co., Ltd. announced revisions to its Fund Partnership Agreement following unanimous consent from all partners. These changes involve adjustments to the composition of the Investment Decision Committee and the distribution of fund income, which are deemed fair and beneficial for the company and its shareholders.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced a discloseable transaction involving two finance lease agreements. The company entered into a new finance lease agreement on December 5, 2025, acquiring and leasing back energy storage production equipment for RMB30,000,000, with a total lease payment of approximately RMB30,821,226. This follows a similar agreement from December 2024, aggregating the transactions under the Listing Rules due to their common control and percentage ratios, impacting the company’s financial disclosures and operations.
Zhongguancun Science-Tech Leasing Co., Ltd. announced the results of its 2025 fourth extraordinary general meeting, where all proposed resolutions were passed unanimously. The meeting included the appointment of Mr. Xu Zhengwen as a non-executive director and Mr. Xiao Wang as an independent non-executive director, with both appointments receiving full shareholder support, indicating strong confidence in the company’s leadership and strategic direction.
Zhongguancun Science-Tech Leasing Co., Ltd. announced the composition of its board of directors and the roles within its five established committees. This announcement highlights the company’s governance structure, which may influence its strategic direction and operational efficiency, potentially impacting stakeholders’ interests.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into two finance lease agreements within a 12-month period, acquiring and leasing back data communications assets from an independent third-party lessee. The latest agreement, signed on November 28, 2025, involves a transaction valued at RMB20,980,162, which includes a principal of RMB20,000,000 and interest income. These transactions are classified as discloseable under Hong Kong’s Listing Rules due to their aggregated value exceeding 5% but remaining under 25%, necessitating notification and announcement requirements.
Zhongguancun Science-Tech Leasing Co., Ltd. announced its acquisition of 100% equity interest in a target company through agreements with Tianjin Zhongnuo and ZGC Co-Innovative. This strategic move will make the target company a subsidiary, consolidating its financial results into Zhongguancun’s financial statements, thereby potentially strengthening its market position and operational capabilities.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a Fund Partnership Agreement with several partners to form and operate a fund with a registered capital of RMB220 million. The company will subscribe to 26.77% of the total committed capital, while Beijing Zhongnuo, soon to be a wholly-owned subsidiary, will subscribe to 0.45%. This strategic move positions the company to expand its financial footprint without consolidating the fund’s financial results into its statements, as the fund will be treated as an associate. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, subject to specific reporting requirements but exempt from certain approval processes.
Zhongguancun Science-Tech Leasing Co., Ltd. announced a series of finance lease agreements, with the latest being Agreement V, where the company will acquire and lease back assets worth RMB12,000,000 to the lessee for a 36-month term. These transactions, aggregated over the past 12 months, have resulted in a disclosable transaction under the Hong Kong Listing Rules, indicating a strategic expansion of the company’s leasing portfolio and potential implications for its financial performance and stakeholder interests.
Zhongguancun Science-Tech Leasing Co., Ltd. has been granted a waiver by the Hong Kong Stock Exchange to extend the compliance period for certain listing rules. The company is addressing non-compliance issues related to the composition of its board and committees, and has identified suitable candidates for key positions. The waiver allows the company until February 6, 2026, to meet the requirements, providing additional time to complete necessary internal and regulatory procedures.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced its 2025 fourth extraordinary general meeting scheduled for December 2, 2025, in Beijing. The meeting will address the appointments of Mr. Xu Zhengwen as a non-executive director and Mr. Xiao Wang as an independent non-executive director, along with the proposed remuneration for the latter. This meeting is significant for the company’s governance structure as it involves key appointments that could influence its strategic direction and operational oversight.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced the proposed appointment of Mr. XIAO Wang as an independent non-executive director, following the resignation of a previous director. Mr. Wang is set to take on multiple roles within the board committees, including chairman of the remuneration committee. His appointment is subject to shareholder approval and regulatory consent, with his remuneration set at RMB186,842.12 per annum. The nomination committee believes Mr. Wang’s extensive experience in financial leasing will bring valuable insights to the company.
Zhongguancun Science-Tech Leasing Co., Ltd. announced a finance lease agreement with a company engaged in the sales of orthopedic consumables. Under this agreement, Zhongguancun will acquire surgical instruments from the lessee for RMB53,000,000 and lease them back for 18 months, generating a total payment of approximately RMB57,093,174. This transaction is part of a series of agreements that collectively qualify as a discloseable transaction under Hong Kong’s Listing Rules, highlighting the company’s strategic financial maneuvers to enhance its market positioning and operational capabilities.
Zhongguancun Science-Tech Leasing Co., Ltd. announced two finance lease agreements on October 31, 2025, involving the acquisition and leaseback of assets with two lessees engaged in the lithium battery anode material technology development industry. The transactions, valued at RMB30 million and RMB19 million respectively, are classified as discloseable transactions under Hong Kong’s Listing Rules due to their aggregated percentage ratio, reflecting the company’s strategic move to strengthen its leasing portfolio and support the technology sector.
Zhongguancun Science-Tech Leasing Co., Ltd. has released its unaudited financial statements for the third quarter of 2025, as required by PRC laws for debt financing tools in the interbank market. The company cautions investors regarding the unaudited nature of these statements and advises caution when dealing with its securities, highlighting potential market risks.
Zhongguancun Science-Tech Leasing Co., Ltd. announced two finance lease agreements within a 12-month period, involving the acquisition and leaseback of assets from two lessees under common control. The transactions, valued at RMB30,000,000 and RMB49,000,000 respectively, are aggregated as a series of transactions, with the total finance lease payments including interest income. These agreements constitute a disclosable transaction under the Listing Rules, impacting the company’s financial operations and compliance obligations.
Zhongguancun Science-Tech Leasing Co., Ltd. announced an extension of time for appointing an independent non-executive director due to non-compliance with certain Hong Kong Stock Exchange listing rules. The company is actively seeking a suitable candidate and has applied for a waiver to extend the grace period to meet compliance requirements, aiming to resolve the issue promptly.
Zhongguancun Science-Tech Leasing Co., Ltd. announced the approval of qualifications for Mr. XU Jingquan and Ms. YANG Pengyan as executive directors, effective from September 30, 2025. This development is expected to strengthen the company’s leadership structure, potentially enhancing its strategic direction and operational efficiency.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced the election of Mr. Xu Jingquan as the new chairman of the board following the resignation of Mr. Zhang Jian. This leadership change is expected to bring continuity and stability to the company’s governance. Additionally, the board has proposed the appointment of Mr. Xu Zhengwen as a non-executive director and member of the audit committee, which could enhance the board’s oversight capabilities and strategic direction.
Zhongguancun Science-Tech Leasing Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. The announcement also outlines the establishment of five committees within the board, indicating a structured approach to governance and oversight, which may enhance the company’s operational efficiency and stakeholder confidence.