Xinming China Holdings Limited (HK:2699)
:2699
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Xinming China Holdings Limited
(2699)
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Rating:40Underperform
Price Target:
HK$0.21
▼(-2.73% Downside)
Action:ReiteratedDate:12/31/25
The score is driven primarily by severe financial weakness (persistent losses and negative equity) and a bearish technical setup (price below all key moving averages with negative MACD). Valuation does not provide support due to negative earnings and no stated dividend yield.
Positive Factors
Recurring rental income
A core rental business creates recurring cash inflows that smooth revenue volatility from sporadic property sales. Steady rental income supports ongoing operating needs, debt servicing and reinvestment capacity, providing durable cash generation over multi-month horizons.
Negative Factors
Negative shareholders' equity
Negative equity signals insolvency-style balance sheet strain, limiting borrowing capacity and increasing creditor pressure. This structural weakness raises refinancing and solvency risk, constrains growth and may force asset sales or restructuring absent durable profit recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income
A core rental business creates recurring cash inflows that smooth revenue volatility from sporadic property sales. Steady rental income supports ongoing operating needs, debt servicing and reinvestment capacity, providing durable cash generation over multi-month horizons.
Read all positive factors
Xinming China Holdings Limited (2699) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$25.36M
Dividend YieldN/A
Average Volume (3M)7.58M
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth-84.06%
EPS Growth60.63%
CountryHK
Employees50
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-2.94
Shares Outstanding93,931,100
10 Day Avg. Volume3,415,000
30 Day Avg. Volume7,578,381
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)-0.71
Price to Sales (P/S)26.41
P/FCF Ratio34.71
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)N/A
Revenue Forecast (FY)N/A
Xinming China Holdings Limited Business Overview & Revenue Model
Company Description
Xinming China Holdings Limited, an investment holding company, operates as an integrated residential and commercial property developer in the People's Republic of China. The company operates through three segments: Property Development, Property L...
How the Company Makes Money
Xinming China Holdings Limited generates revenue primarily through its property investment and development activities. The company earns money by leasing out residential and commercial properties, collecting rental income that provides a steady ca...
Xinming China Holdings Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
15
Very Negative
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.29M | 86.84M | 422.58M | 35.20M | 101.83M | 128.54M |
| Gross Profit | -60.51M | 7.92M | -73.07M | 20.01M | 77.62M | 61.56M |
| EBITDA | -25.02M | -110.35M | -113.48M | -648.17M | -11.88M | -645.07M |
| Net Income | -344.45M | -542.52M | -526.12M | -2.25B | -863.93M | -1.00B |
Balance Sheet | ||||||
| Total Assets | 2.12B | 2.14B | 2.22B | 2.63B | 5.22B | 6.42B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37M | 41.65M | 36.29M | 56.37M | 20.22M | 5.25M |
| Total Debt | 1.49B | 1.49B | 1.55B | 1.59B | 1.85B | 2.23B |
| Total Liabilities | 5.82B | 5.69B | 5.18B | 5.06B | 5.20B | 5.56B |
| Stockholders Equity | -3.38B | -3.24B | -2.76B | -2.23B | 20.52M | 884.45M |
Cash Flow | ||||||
| Free Cash Flow | 66.81M | 66.08M | -84.27M | -1.68M | 166.86M | -225.50M |
| Operating Cash Flow | 66.81M | 66.08M | -84.27M | -1.68M | 166.88M | -225.48M |
| Investing Cash Flow | -15.00K | 6.00K | 178.00K | 53.00K | -248.00K | 303.00K |
| Financing Cash Flow | -66.76M | -66.76M | 77.99M | -11.16M | -151.66M | 48.20M |
Xinming China Holdings Limited Technical Analysis
Neutral
0.22
Price Trends
0.27
Positive
0.27
Positive
1.08
Negative
Market Momentum
>-0.01
Positive
47.88
Neutral
21.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2699, the sentiment is Neutral. The current price of 0.22 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.27, and below the 200-day MA of 1.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 21.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2699.
Xinming China Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
44 Neutral | HK$162.64M | -0.13 | -220.64% | ― | -14.64% | 69.18% | |
44 Neutral | HK$103.36M | -0.05 | -35.96% | ― | -5.63% | -36.30% | |
42 Neutral | HK$128.12M | -0.09 | -26.32% | ― | -70.72% | -667.17% | |
41 Neutral | HK$209.54M | -0.12 | 24.88% | ― | -62.34% | 70.06% | |
40 Underperform | HK$25.36M | -0.46 | ― | ― | -84.06% | 60.63% | |
39 Underperform | HK$82.87M | -0.02 | -1347.47% | ― | -59.30% | 19.71% |
* Real Estate Sector Average
HK:2699
Xinming China Holdings Limited
0.27
-0.84
-75.68%
HK:0185
Zensun Enterprises Limited
0.09
<0.01
10.39%
HK:1996
Redsun Properties Group Ltd.
0.03
-0.02
-43.18%
HK:6968
Ganglong China Property Group Limited
0.08
0.00
0.00%
HK:3639
Yida China Holdings Ltd.
0.04
-0.06
-59.18%
HK:3366
Overseas Chinese Town (Asia) Holdings Limited
0.28
0.10
55.56%
Xinming China Holdings Limited Corporate Events
Xinming China Moves to Ease Liquidity Strain and Tackle Audit Disclaimer
Jan 16, 2026
Xinming China Holdings Limited has outlined a series of measures taken since the publication of its 2024 annual report to address a disclaimer of opinion from its auditors, primarily by easing liquidity pressure and stabilising its capital structu...
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.