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DL Holdings Group Limited
(1709)
DL Holdings Group Limited (1709) vs. iShares MSCI Hong Kong ETF (EWH)
DL Holdings Group Limited Business Overview & Revenue Model
DL Holdings Group Limited Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 225.07M | 189.66M | 202.35M | 179.41M | 300.42M | 422.70M |
| Gross Profit | 141.25M | 138.91M | 130.46M | 84.03M | 156.43M | 234.90M |
| EBITDA | 366.82M | 188.03M | 129.28M | -26.94M | 137.07M | 226.59M |
| Net Income | 329.80M | 136.81M | 99.90M | -49.18M | 109.78M | 200.80M |
Balance Sheet | ||||||
| Total Assets | 2.13B | 1.29B | 1.08B | 894.69M | 914.78M | 627.94M |
| Cash, Cash Equivalents and Short-Term Investments | 731.30M | 31.70M | 39.84M | 83.50M | 154.64M | 56.22M |
| Total Debt | 130.83M | 209.46M | 307.02M | 174.39M | 208.01M | 38.86M |
| Total Liabilities | 427.45M | 342.13M | 555.47M | 458.94M | 388.62M | 127.38M |
| Stockholders Equity | 1.66B | 917.64M | 520.97M | 435.75M | 526.16M | 500.56M |
Cash Flow | ||||||
| Free Cash Flow | 290.77M | 9.61M | -34.97M | 194.19M | 105.96M | 48.31M |
| Operating Cash Flow | 292.71M | 16.91M | -33.66M | 194.61M | 108.15M | 49.13M |
| Investing Cash Flow | -81.02M | -46.09M | -65.23M | -50.05M | 15.80M | -114.30M |
| Financing Cash Flow | 411.13M | 21.03M | -30.79M | -102.45M | 62.38M | 98.98M |
DL Holdings Group Limited Technical Analysis
DL Holdings Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$3.93B | 4.22 | 10.39% | 8.21% | 3.23% | -21.82% | |
68 Neutral | HK$2.61B | 3.44 | 3.61% | 5.01% | -2.56% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$2.85B | 4.54 | 8.52% | 4.00% | 3.40% | 151.24% | |
64 Neutral | HK$2.58B | 1.52 | 14.74% | 12.14% | -0.95% | 2.58% | |
63 Neutral | HK$1.92B | 2.63 | 12.81% | 7.98% | 13.52% | 4.95% | |
60 Neutral | HK$2.81B | 6.20 | 25.55% | 1.12% | 22.22% | 196.73% |
DL Holdings Group Limited Corporate Events
DL Holdings Group Limited reported that from 1 to 28 February 2026 it mined 51.7122 Bitcoins, averaging about 1.8469 BTC per day, with effective hashrate rising from roughly 4.03 EH/s to 4.28 EH/s over the month. With no Bitcoin sold during the period, its self-mined BTC holdings increased to 136.2684 BTC, underscoring a strategy of accumulating digital assets.
To further expand capacity, the group acquired 547 additional Bitcoin mining machines with a combined hashrate of around 0.235 EH/s and an estimated power load of 3.058 MW, deployed at a facility in Cademot, Paraguay. The US$5.43 million purchase, funded by proceeds from a prior share placement, signals continued capital commitment to scaling its Bitcoin mining operations and enhancing long-term mining output.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has secured a key regulatory green light in Hong Kong for its real-world asset tokenisation strategy, after the Securities and Futures Commission indicated it had no further comments on business plans submitted by DL Securities (HK) Limited and DL Digital Family Office (HK) Limited. These plans cover the tokenisation and distribution of interests in fund products linked to DL Tower, a commercial property in Central, and an Animoca Brands investment, aimed at eligible professional investors.
The development marks a significant milestone for the Group’s push into tokenised securities, signalling regulatory validation of its approach and reinforcing its positioning within Hong Kong’s evolving digital asset framework. DL Securities will now build the operational infrastructure and onboarding processes for distributing the tokenised fund interests, while DL Digital Family Office will implement blockchain-based representation of fund units under its asset management licence, with Asseto Fintech handling token issuance on the HashKey Chain and XRP Ledger.
The most recent analyst rating on (HK:1709) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has launched virtual asset dealing services at its brokerage arm DL Securities (HK) Limited under a Type 1 dealing in securities licence, allowing eligible professional investors to trade mainstream digital assets. Clients who pass professional investor verification can access the new service via DL Securities’ partnered fintech platform NeuralFin, using their existing securities accounts to trade virtual assets routed through an SFC-licensed platform with regulatory-compliant clearing, custody and monitoring.
The commercial rollout marks a key step in DL Holdings’ fintech strategy as it shifts from planning to implementation in digital assets, broadening its regulated product suite in response to rising investor demand for compliant crypto exposure. Management expects the service to enhance client experience, expand its wealth management and brokerage offering, and open new revenue streams, reinforcing the Group’s ambition to build a diversified, regulated global asset allocation platform within Hong Kong’s evolving virtual asset regime.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited reported that from 1 to 31 January 2026 it produced 51.937 Bitcoin, averaging about 1.675 BTC per day, as its effective hashrate rose from roughly 3.36 EH/s at year-end 2025 to about 4.03 EH/s by the end of January, supported by 9,148 mining machines. With no Bitcoin sales or other sources during the month, its BTC holdings increased from 32.618 BTC to 84.555 BTC, and the Group currently expects full-year 2026 production of roughly 600 to 700 BTC, contingent on network and market conditions. The company plans to provide monthly operational updates, positioning its Bitcoin mining arm as a core pillar of its digital finance strategy and signaling to shareholders a commitment to transparency, operational discipline and prudent risk management in an increasingly competitive crypto-mining landscape.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced an updated composition of its board of directors, comprising four executive directors, two non-executive directors and three independent non-executive directors, effective 19 January 2026. The company has also detailed the membership and leadership of its three key board committees—audit, nomination and remuneration—with lead independent non-executive director Chang Eric Jackson chairing both the audit and remuneration committees and chairman Chen Ningdi chairing the nomination committee, signaling a defined governance structure and continued emphasis on independent oversight in its board operations.
The most recent analyst rating on (HK:1709) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced that its subsidiary, DL Securities (Hong Kong) Limited, has received conditional approval from Hong Kong’s Securities and Futures Commission to provide virtual asset advisory services under its Type 4 licence, having already obtained conditional approval for an uplift to its Type 1 dealing licence. DL Securities has accepted the SFC’s conditions, which require compliance with specific terms for virtual asset advisory activities and limit such services to professional investors who are already clients under its securities advisory business; once formal approval is granted and system connectivity with an SFC-licensed platform is completed, expected by February 2026, the Group will be able to offer a comprehensive suite of regulated virtual asset dealing and advisory services, marking a strategic expansion into the virtual asset sector while emphasizing full regulatory compliance and signaling a broader push into digital asset markets for its professional investor base.
The most recent analyst rating on (HK:1709) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has completed a share transaction related to its subscription of shares in Youngtimers AG, with all conditions under the subscription agreement fulfilled and completion occurring on 13 January 2026. Under the deal, DL Holdings received 19,047,618 new Youngtimers AG shares on 31 December 2025, and in exchange transferred 17,901,639 of its own treasury shares to Youngtimers AG as consideration under its existing general mandate, resulting in a slight dilution of existing shareholders and introducing Youngtimers AG as a new shareholder with approximately 0.89% of DL Holdings’ enlarged share capital, while leaving controlling shareholders’ stakes largely unchanged.
The most recent analyst rating on (HK:1709) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced that its subsidiary DL Securities (Hong Kong) Limited has had its Type 1 (dealing in securities) licence formally uplifted, with new licensing conditions now in effect from 30 December 2025. This regulatory milestone clears the way for DL Securities to begin offering virtual asset dealing services once it completes system connection and testing with an SFC-licensed platform, expected in February 2026, marking a significant step in the Group’s move into regulated virtual asset trading and potentially strengthening its competitive position in Hong Kong’s evolving digital asset market while signaling new opportunities and risks for its shareholders and investors.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has appointed 50-year-old investment professional Qiao Linjian as a non-executive director with effect from 19 January 2026, strengthening its board with deep experience in security investment management and insurance asset management. Qiao, who has held senior roles at Founder Securities, China Post Insurance Asset Management and currently serves as deputy general manager in charge of the asset management centre at Hongkang Life Insurance, will receive a monthly director’s fee of HK$30,000 under a two-year appointment subject to standard re-election and rotation requirements, a move that signals the group’s intent to enhance its investment governance and oversight amid growing complexity in China’s asset management landscape.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited reported that its Bitcoin mining operations produced 25.2107 BTC between 1 and 30 December 2025, averaging about 0.8404 BTC per day, with effective hashrate rising from 0.84 EH/s to 2.83 EH/s over the month. The Group’s Bitcoin balance grew from 5.9807 BTC to 31.1914 BTC solely through mining, and with 9,148 existing mining machines providing a total hashrate of about 3.993 EH/s, the company estimates combined daily output of roughly 1.72 BTC and forecasts full-year 2026 production of around 600–700 BTC, signalling a significant scaling-up of its mining capacity and an ongoing commitment to building a sizeable, transparent Bitcoin mining platform within its digital finance portfolio.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has completed a discloseable transaction to acquire Bitcoin mining machines, with all conditions under the formal acquisition agreement fulfilled and completion taking place on 30 December 2025. The deal involved the issue of convertible bonds and warrants under a specific mandate, reinforcing the company’s capital structure to support expansion of its crypto-mining operations. Following a series of acquisitions, the group now controls 9,148 Bitcoin mining machines across sites in Oman, Paraguay and Oklahoma in the United States, with a combined hashrate of about 3.994 EH/s and an estimated indicative daily output of roughly 1.72 Bitcoin under current network conditions. This scale-up significantly strengthens DL Holdings’ Bitcoin mining capacity and positions the company more competitively in the digital asset mining industry, with potential implications for revenue growth and risk exposure linked to Bitcoin price and network difficulty.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced that its 70%-owned subsidiary, DL Securities (Hong Kong) Limited, has received conditional approval from Hong Kong’s Securities and Futures Commission to provide virtual asset dealing services under an omnibus account arrangement via its existing Type 1 (dealing in securities) licence. Under the SFC’s conditions, DL Securities must route these virtual asset transactions through an SFC-licensed platform, comply with the regulator’s specific terms and conditions for omnibus virtual asset dealing, and limit such services to professional investors who are already its Type 1 securities clients, with the firm set to commence operations once formal approval is granted and continuing to pursue an uplift of its Type 4 (advising on securities) licence, signalling a strategic expansion into regulated virtual asset services that could strengthen its position in Hong Kong’s evolving digital finance landscape while highlighting regulatory and suitability safeguards for investors.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited announced that shareholders approved, by poll at an extraordinary general meeting held on 23 December 2025, an ordinary resolution granting a specific mandate to issue convertible bonds, conversion shares, warrants, warrant shares and earn-out shares in connection with its acquisition of BTC mining machines. With approximately 93.72% of the company’s issued share capital (excluding treasury shares and the abstaining vendor) eligible to vote, and no additional shareholders required to abstain or excluded from the poll count, the vote clears a key procedural hurdle for DL Holdings’ planned expansion into bitcoin mining infrastructure, potentially reshaping its asset mix and exposure to the digital asset ecosystem while affirming shareholder support for this strategic direction.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited announced that its controlling shareholder and Chairman, Mr. Chen Ningdi, has increased his shareholdings by acquiring 2,000,000 shares at an average price of HK$1.52 per share. This move, part of a broader plan to buy up to 20,000,000 shares within three months, highlights Mr. Chen’s confidence in the company’s future growth prospects and signals a strong commitment to the business’s long-term value creation, potentially reassuring investors regarding its strategic direction.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited announced the successful purchase of 2,380,000 shares as part of its 2025 Restricted Share Award Scheme. This purchase is part of a larger initiative to create a share award pool for selected participants, with the company having already achieved its target of acquiring 40,000,000 shares for the second share award pool. The Board may consider expanding the target award pool in the future, reflecting the company’s strategic focus on incentivizing performance and aligning interests with stakeholders.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced significant advancements in its Bitcoin mining operations, including the acquisition of 4,000 Antminer S21 XP Hyd Bitcoin mining machines, enhancing its total hashrate to approximately 1.892 EH/s. These developments are part of the company’s broader strategy to establish a sustainable and transparent Bitcoin mining business, with an expected increase in daily Bitcoin production, thereby reinforcing its position in the digital finance market.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced a voluntary share purchase as part of its 2025 Restricted Share Award Scheme. The company has acquired 3,200,000 shares from the market, representing approximately 0.16% of the existing total number of shares in issue. This purchase is part of the company’s ongoing efforts to implement the Scheme, which includes a second share award pool target of 40,000,000 shares. As of the announcement date, the company has purchased 37,620,000 shares for the second pool. The Board will continue to review and determine the number of shares to be awarded to participants based on performance and scheme rules, indicating a strategic focus on incentivizing and rewarding its stakeholders.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has announced the purchase of 3,200,000 shares as part of its 2025 Restricted Share Award Scheme. This acquisition is part of a broader strategy to create a share award pool to incentivize selected participants based on individual performance. The company has already purchased a total of 34,420,000 shares for the second share award pool, with a target of 40,000,000 shares. This move is expected to enhance employee motivation and align their interests with the company’s long-term goals.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited announced a voluntary share purchase under its 2025 Restricted Share Award Scheme, acquiring 4,410,000 shares at an average price of HK$1.98 per share. This purchase is part of the company’s strategy to implement a second share award pool, targeting a total of 40,000,000 shares to be distributed based on individual performance and scheme rules, enhancing its market positioning and rewarding selected participants.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited announced the purchase of 2,250,000 shares as part of its 2025 Restricted Share Award Scheme, aimed at benefiting selected participants. This move is part of a broader strategy to implement a second share award pool, with the company having already acquired a significant number of shares for this purpose. The scheme is designed to align with individual performance and company objectives, potentially enhancing stakeholder value and reinforcing the company’s market position.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.
DL Holdings Group Limited has entered into a Subscription Agreement with Youngtimers AG to subscribe for 19,047,618 shares at a price of CHF0.42 per share, totaling US$10 million. This transaction will be partially satisfied by cash and the issuance of Consideration Shares by DL Holdings. The agreement also includes a Call Option for DL Holdings to acquire additional shares in Youngtimers AG. The transaction is subject to conditions and may not proceed, with implications under the Listing Rules requiring reporting and announcement.
The most recent analyst rating on (HK:1709) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.