Xingda International Holdings (1899) AI Stock Analysis

• Market Cap: HK$2.66B
• Dividend Yield: 18.39%
• Average Volume (3M): 202.65K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.11
• Revenue Growth: -6.74%
• EPS Growth: -44.75%
• Country: HK
• Employees: 7,384
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 0.11
• Shares Outstanding: 1,920,125,200
• 10 Day Avg. Volume: 109,800
• 30 Day Avg. Volume: 202,651
• PEG Ratio: -0.20
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -5.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: HK$1.50 ▲(7.91% Upside)

The overall stock score of 75 reflects a balanced view of Xingda International Holdings. The valuation is a strong positive factor due to its low P/E ratio and high dividend yield. Technical analysis supports a neutral to slightly positive outlook. However, financial performance indicates challenges in profitability and cash flow, which are areas of concern.

Positive Factors

Stable B2B market position

Xingda's role as a leading tire-cord supplier with long-term B2B contracts creates durable revenue visibility and deep customer relationships. Stable, contract-based demand from tire manufacturers reduces cyclical volatility and supports predictable capacity planning and investment decisions.

Revenue growth & gross margin stability

Consistent top-line growth alongside a stable gross margin (~18.4%) indicates persistent demand and gross-level pricing or cost control in core cord products. This supports long-term product economics and the ability to absorb cost swings before they hit gross profitability.

Manufacturing & sustainability investment

Ongoing investment in advanced manufacturing and sustainability enhances product quality, efficiency and regulatory alignment. These capabilities strengthen competitive differentiation, lower unit costs over time, and support access to OEMs focused on greener, higher-spec supply chains.

Negative Factors

Rising leverage

An increasing debt-to-equity ratio reduces financial flexibility and raises interest and rollover risk, constraining the firm's ability to invest or withstand demand shocks. Persistent higher leverage can limit strategic optionality and increase refinancing vulnerability over months.

Eroding profitability and efficiency

Marked declines in ROE, net and operating margins indicate weakening core profitability and operational efficiency. If structural (cost pressure, pricing or mix shifts), these trends can persist and reduce reinvestment capacity, impair returns and weaken competitive positioning long-term.

Negative free cash flow

A shift to negative free cash flow undermines the firm's ability to self-fund capex, service debt, and sustain dividends. Even with prior strong OCF, persistent FCF deficits erode liquidity, may force external financing, and increase capital structure risk over the medium term.

Xingda International Holdings Business Overview & Revenue Model

Company Description

Xingda International Holdings Limited, an investment holding company, manufactures and trades in radial tire cords, bead wires, and other wires in the People's Republic of China, India, the United States, Thailand, Korea, Brazil, and internationally. It also offers steel cords, hose wire, etc.; and supplies rubber reinforcement materials. The company's products have applications in car, light truck, cargo truck, and heavy equipment tires, as well as other rubber products. It serves tire and hose manufacturers. The company was founded in 1995 and is headquartered in Shanghai, the People's Republic of China.

How the Company Makes Money

Xingda International Holdings generates revenue primarily through the sale of its core products: radial tire cords and bead wires. The company supplies these essential materials to major tire manufacturers, both domestically and internationally. Revenue is mainly driven by long-term contracts with these manufacturers, ensuring a steady demand for their products. Additionally, Xingda may benefit from strategic partnerships and collaborations with tire companies, which help to secure market share and expand its customer base. Factors such as global tire production trends, raw material prices, and technological advancements in tire manufacturing also play a significant role in influencing the company's earnings.

Xingda International Holdings Financial Statement Overview

Summary

Xingda International Holdings shows stable revenue growth but faces challenges in profitability and cash flow. The increase in leverage and decline in net profitability and operational efficiency are concerning, though gross margins remain stable.

Income Statement

The company shows a positive revenue growth trend with an increase from $11.49 billion to $11.94 billion in the latest year, indicating a revenue growth rate of 3.9%. Gross profit margin remains stable at approximately 18.4%, while net profit margin decreased to 2.3% from 3.9% the previous year, suggesting pressure on net income. The EBIT margin fell to 3.9% from 7.3%, and the EBITDA margin also declined to 9.1% from 14%, reflecting reduced operating efficiency.

Balance Sheet

The debt-to-equity ratio increased from 1.09 to 1.20, indicating higher leverage and potential risk. Return on Equity (ROE) decreased to 4.2% from 7.4%, reflecting lower profitability. The equity ratio slightly improved to 28.9% from 29.5%, showing a stable financial structure with adequate equity covering the assets.

Cash Flow

Free cash flow turned negative in the latest year, indicating financial strain. The company shows a lack of free cash flow growth, and the operating cash flow to net income ratio is not calculable due to missing data, which raises concerns about cash generation capabilities. The prior year showed a healthy operating cash flow of $1.63 billion against a net income of $449 million.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.44B	11.94B	11.49B	10.81B	10.65B	7.68B
Gross Profit	2.11B	2.19B	2.29B	2.34B	2.06B	1.53B
EBITDA	1.10B	1.09B	1.61B	1.19B	1.05B	844.66M
Net Income	275.81M	269.05M	449.40M	348.39M	218.85M	115.00M
Balance Sheet
Total Assets	21.93B	22.38B	20.72B	21.01B	19.80B	15.69B
Cash, Cash Equivalents and Short-Term Investments	2.92B	1.77B	2.44B	1.12B	2.79B	1.00B
Total Debt	7.93B	7.79B	6.63B	6.89B	5.55B	3.60B
Total Liabilities	13.26B	13.70B	12.42B	13.09B	12.19B	8.12B
Stockholders Equity	6.50B	6.47B	6.10B	5.86B	5.70B	5.66B
Cash Flow
Free Cash Flow	-34.19M	-491.04M	407.95M	-225.35M	-1.59B	-441.86M
Operating Cash Flow	1.45B	817.59M	1.63B	1.58B	-94.45M	65.26M
Investing Cash Flow	-745.65M	-1.24B	-941.92M	-1.80B	-1.69B	-1.03B
Financing Cash Flow	-508.82M	678.16M	-956.83M	306.39M	1.62B	1.37B

Xingda International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.39
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1899, the sentiment is Positive. The current price of 1.39 is above the 20-day moving average (MA) of 1.31, above the 50-day MA of 1.31, and above the 200-day MA of 1.25, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 67.59 is Neutral, neither overbought nor oversold. The STOCH value of 82.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1899.

Xingda International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1809	78 Outperform	HK$5.26B	4.83	15.64%	8.39%	2.85%	-33.83%
1571	76 Outperform	HK$3.84B	7.37	13.59%	13.26%	-3.80%	-27.62%
1899	75 Outperform	HK$2.66B	9.02	4.28%	18.39%	-6.74%	-44.75%
1057	68 Neutral	HK$18.46B	23.05	9.59%	1.37%	35.32%	24.24%
1760	64 Neutral	HK$2.16B	12.45	6.62%	3.20%	13.35%	-38.32%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6830	44 Neutral	HK$442.30M	8.28	3.56%	1.22%	14.93%	19.84%

Xingda International Holdings Corporate Events

Xingda Sets January Board Meeting to Consider Special Dividend Proposal

Xingda International Holdings Limited has scheduled a board meeting for 20 January 2026 to consider recommending, declaring and paying a special dividend to shareholders on the company’s register as of a record date to be announced. The proposal remains subject to approval by the board and, if endorsed, will also require shareholder approval at an extraordinary general meeting, meaning the potential cash distribution could enhance shareholder returns but is not yet certain, and investors are cautioned in their dealings until final decisions and detailed terms are disclosed.

The most recent analyst rating on (HK:1899) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Xingda International Holdings stock, see the HK:1899 Stock Forecast page.

Xingda International Engages in HK$110 Million Connected Transaction Loan Agreement

Xingda International Holdings Limited has entered into a connected transaction by providing a loan of HK$110 million to a controlling shareholder, who holds approximately 64% of the company’s total issued share capital. The loan, with an interest rate of 8% per annum and a term of one year, is subject to reporting and announcement requirements under the Listing Rules but is exempt from circular and independent shareholders’ approval. This transaction, financed through the company’s internal resources, reflects strategic financial management and compliance with regulatory frameworks.

The most recent analyst rating on (HK:1899) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Xingda International Holdings stock, see the HK:1899 Stock Forecast page.