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51 Credit Card Inc.
(Frankfurt:2051)
51 Credit Card Inc. (2051) vs. iShares MSCI Hong Kong ETF (EWH)
51 Credit Card Inc. Business Overview & Revenue Model
51 Credit Card Inc. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 218.72M | 210.28M | 389.44M | 428.93M | 261.73M |
| Gross Profit | 9.94M | 6.40M | 58.40M | 164.12M | -47.23M |
| EBITDA | -4.04M | 50.44M | -57.02M | -28.39M | -897.47M |
| Net Income | -60.16M | 11.04M | -82.70M | -233.69M | -1.70B |
Balance Sheet | |||||
| Total Assets | 1.08B | 1.16B | 1.14B | 1.56B | 1.87B |
| Cash, Cash Equivalents and Short-Term Investments | 326.91M | 377.05M | 408.79M | 352.46M | 451.58M |
| Total Debt | 69.04M | 192.35M | 193.05M | 197.09M | 203.86M |
| Total Liabilities | 296.23M | 455.40M | 425.28M | 800.47M | 890.15M |
| Stockholders Equity | 802.70M | 725.70M | 712.44M | 765.25M | 969.61M |
Cash Flow | |||||
| Free Cash Flow | -73.50M | 8.27M | 107.97M | -24.70M | -1.13B |
| Operating Cash Flow | 5.36M | 25.77M | 126.38M | -22.89M | -1.13B |
| Investing Cash Flow | -80.08M | -15.35M | -37.00M | -56.49M | 117.10M |
| Financing Cash Flow | 2.57M | -38.95M | -23.60M | -18.24M | 140.78M |
51 Credit Card Inc. Technical Analysis
51 Credit Card Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$316.00M | 6.91 | 4.93% | 6.41% | 2.95% | -9.06% | |
69 Neutral | HK$6.92B | 4.58 | 8.15% | 9.89% | -2.26% | -7.00% | |
68 Neutral | HK$1.25B | 4.26 | 10.90% | 8.99% | 2.47% | 2.27% | |
68 Neutral | HK$342.20M | 8.10 | 1.97% | 17.42% | -21.32% | -63.98% | |
67 Neutral | $16.60B | 11.20 | 9.14% | 3.93% | 10.99% | -3.70% | |
44 Neutral | €643.84M | ― | -7.77% | ― | -1.66% | -604.08% | |
| ― | HK$618.80M | 6.22 | 7.73% | 6.00% | ― | ― |
51 Credit Card Inc. Corporate Events
51 Credit Card Inc. has announced the completion of a significant transaction involving the disposal of its shares in China Netcom. This transaction, which involved the transfer of approximately 29% of China Netcom’s total issued share capital to Purchaser A, marks the company’s exit from any direct or indirect interest in China Netcom. The completion of this transaction signifies a strategic shift for 51 Credit Card Inc., potentially impacting its market positioning and operational focus.
51 Credit Card Inc. has announced a partnership between its subsidiaries and Chongqing Ruichi Motor Industrial Co., Ltd. to develop pure electric camping vehicles. This collaboration aims to enhance the innovation and competitiveness of the Vala vehicle business by leveraging Ruichi Motor’s expertise in new energy vehicles, aligning with the company’s strategic goals in the vehicle industry.
51 Credit Card Inc. announced a significant increase in the delivery of its Vala vehicles, with a 27.3% rise in the second quarter of 2025. The company is expanding its production capacity and optimizing delivery processes to meet growing demand. By recruiting Vala co-creators and establishing experience centers, the company is enhancing its market presence. The Vala vehicle has gained substantial attention on social media, with millions of views and a large fan base, indicating strong consumer interest and potential market growth.
51 Credit Card Inc., a company incorporated in the Cayman Islands, has amended the terms of reference for its Nomination Committee, originally adopted in 2018. The amendments, passed by the Board on June 20, 2025, outline the structure and membership requirements of the committee, emphasizing the need for a majority of independent non-executive directors. This move is likely aimed at strengthening corporate governance and ensuring a diverse and independent oversight within the company’s board structure.
51 Credit Card Inc., incorporated in the Cayman Islands, has updated the terms of reference for its Remuneration Committee. The committee, initially established in June 2018, has undergone amendments as per board resolutions on November 4, 2022, and June 20, 2025. This update reflects the company’s ongoing efforts to align its remuneration policies with current governance standards and ensure competitive compensation structures for its senior management.
51 Credit Card Inc. announced the completion of a discloseable transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. The transaction involves several independent third-party placees, including individuals and corporations, and aims to provide additional information to shareholders and potential investors about the identities of these placees.
51 Credit Card Inc. has completed a significant transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. The transaction, which involved the sale of approximately 10.16% of China Netcom’s total issued share capital, generated gross proceeds of HK$7.14 million. Following the transaction, 51 Credit Card Inc.’s indirect holding in China Netcom has decreased from approximately 39.16% to 29.00%, altering its classification of China Netcom from a subsidiary to an associate. This move is expected to impact the company’s financial statements and its influence over China Netcom.
51 Credit Card Inc. announced the results of its Annual General Meeting held on June 5, 2025, where several resolutions were voted on by shareholders. The company successfully passed most of the ordinary and special resolutions, including the approval of financial statements and the reappointment of its auditor. However, resolutions to re-elect two non-executive directors, Ms. Jiang Chloe Cuicui and Ms. Gao Li, were not passed. Both directors retired following the meeting. This outcome may impact the company’s governance structure and strategic direction moving forward.
51 Credit Card Inc. has announced the roles and functions of its board members, highlighting the leadership of Sun Haitao as Chairman and CEO. This announcement underscores the company’s commitment to strong governance and strategic leadership, which may enhance its operational efficiency and industry standing.
51 Credit Card Inc. has announced its upcoming annual general meeting to be held on June 5, 2025, in Hong Kong. The meeting will address several key business items, including the approval of the company’s audited financial statements for 2024, the re-election of directors, and the re-appointment of the company’s auditor. Additionally, resolutions will be considered to authorize the board to issue additional shares, subject to certain conditions, which could impact the company’s capital structure and shareholder value.