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Xinming China Holdings Limited
(2699)
Xinming China Holdings Limited (2699) vs. iShares MSCI Hong Kong ETF (EWH)
Xinming China Holdings Limited Business Overview & Revenue Model
Xinming China Holdings Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.84M | 422.58M | 101.83M | 128.54M | 163.35M |
| Gross Profit | 7.92M | -73.07M | 77.62M | 61.56M | 52.99M |
| EBITDA | -110.35M | -113.48M | -360.38M | -582.55M | -42.36M |
| Net Income | -542.52M | -526.12M | -831.11M | -1.12B | -112.52M |
Balance Sheet | |||||
| Total Assets | 2.14B | 2.22B | 5.22B | 6.42B | 6.74B |
| Cash, Cash Equivalents and Short-Term Investments | 41.65M | 36.29M | 20.22M | 5.25M | 182.22M |
| Total Debt | 1.49B | 1.55B | 1.85B | 2.23B | 2.16B |
| Total Liabilities | 5.69B | 5.18B | 5.20B | 5.56B | 4.76B |
| Stockholders Equity | -3.24B | -2.76B | 20.52M | 884.45M | 1.89B |
Cash Flow | |||||
| Free Cash Flow | 66.08M | -84.27M | 166.86M | -225.50M | -15.87M |
| Operating Cash Flow | 66.08M | -84.27M | 166.88M | -225.48M | -15.86M |
| Investing Cash Flow | 6.00K | 178.00K | -248.00K | 303.00K | 535.53M |
| Financing Cash Flow | -66.76M | 77.99M | -151.66M | 48.20M | -380.98M |
Xinming China Holdings Limited Technical Analysis
Xinming China Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
53 Neutral | $1.19B | 3.43 | 0.13% | 7.15% | -2.13% | -128.06% | |
43 Neutral | HK$133.38M | ― | ― | -79.91% | -1.21% | ||
40 Underperform | €152.49M | ― | -238.71% | ― | -43.46% | 31.62% | |
40 Underperform | HK$137.76M | ― | -109.72% | ― | -52.77% | 5.48% | |
39 Underperform | €134.61M | ― | -17.33% | ― | -53.75% | -521.24% | |
31 Underperform | HK$136.95M | ― | ― | -23.74% | 63.43% |
Xinming China Holdings Limited Corporate Events
Xinming China Holdings Limited has announced measures to address a disclaimer of opinion in its 2024 Annual Report, focusing on improving its financial position and mitigating liquidity pressures. The company is actively negotiating with financial institutions for loan renewals and additional financing, conducting a rights issue to raise approximately HK$78.3 million, and accelerating property sales to generate cash. These steps are intended to stabilize the company’s operations and enhance its market positioning.
Xinming China Holdings Limited has announced the appointment of Asia Pacific Securities Limited as an additional placing agent to manage the subscription of unsubscribed and unsold rights shares. This move is part of a supplemental placing agreement related to the company’s rights issue, which offers four rights shares for every one adjusted share held. The agreement aims to ensure the successful placement of shares on a best-effort basis, potentially impacting the company’s capital structure and market positioning positively by attracting independent third-party investors.
Xinming China Holdings Limited has announced a revised timetable for its proposed rights issue, which offers four rights shares for every one adjusted share held. This rights issue is non-underwritten and aims to provide existing shareholders with an opportunity to increase their holdings. The new schedule outlines key dates for the rights issue process, including the dispatch of prospectus documents, trading periods for nil-paid rights shares, and deadlines for acceptance and payment. The announcement reflects the company’s strategic move to strengthen its capital base, potentially impacting its market position and shareholder value.
Xinming China Holdings Limited has announced a further delay in the dispatch of prospectus documents related to its proposed rights issue, which offers four rights shares for every one adjusted share held. The delay is due to additional time needed to complete bank account setup procedures and finalize information for the prospectus, with a revised timetable to be issued soon.
Xinming China Holdings Limited successfully held its Annual General Meeting on May 23, 2025, where all proposed resolutions were unanimously approved by shareholders. The resolutions included re-electing directors, re-appointing auditors, and granting mandates for share issuance and repurchase, indicating strong shareholder support and strategic alignment for future growth.
Xinming China Holdings Limited has announced the effective date for its capital reorganization, set for May 26, 2025. This reorganization includes a capital reduction confirmed by the court, and the commencement of trading in adjusted shares. The change aims to enhance the company’s capital structure, potentially impacting shareholder value and market perception.
Xinming China Holdings Limited has announced a revised timetable for its proposed capital reorganisation and rights issue. The company plans to offer four rights shares for every one adjusted share held, on a non-underwritten basis. The revised schedule outlines key dates for the capital reorganisation and rights issue, including the effective date and trading commencement of adjusted shares. These changes are contingent upon the fulfillment of certain conditions, and the dates remain tentative.
Xinming China Holdings Limited has announced its upcoming annual general meeting (AGM) scheduled for May 23, 2025, in Hong Kong. Key agenda items include the consideration of the company’s audited financial statements for the year ending December 31, 2024, re-election of directors, and re-appointment of auditors. Additionally, the meeting will address resolutions related to the issuance of new shares and securities, with a cap set at 20% of the total issued shares. These decisions are pivotal for the company’s governance and strategic planning, impacting shareholders and market operations.
Xinming China Holdings Limited has announced a revised timetable for its proposed capital reorganisation and rights issue. The company plans to offer four rights shares for every one adjusted share held, on a non-underwritten basis. The revised schedule includes key dates for the capital reorganisation and rights issue, which are contingent on certain conditions being met. This announcement could impact the company’s financial structure and shareholder value, as it aims to raise capital through this rights issue.
Xinming China Holdings Limited has announced updates regarding its capital reorganization and rights issue. The company is proceeding with a capital reduction, with a court hearing scheduled for May 15, 2025, in the Cayman Islands. The capital reorganization and rights issue, which involves issuing four rights shares for every one adjusted share on a non-underwritten basis, are part of the company’s strategic financial restructuring. The effective date for the capital reorganization is set for May 21, 2025, which will also mark the commencement of dealings in the adjusted shares. This move is expected to impact the company’s market operations and potentially influence stakeholder interests.
Xinming China Holdings Limited announced the results of its 2022 and 2023 Annual General Meetings held on 14 April 2025. Key resolutions, including the ratification of the AGM for the year ended 31 December 2022 and the re-election of several directors, were passed by shareholders. The company also announced the retirement of directors, changes in the composition of board committees, and amendments to the Articles of Association, which may impact its governance structure and strategic direction.
Xinming China Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board consists of executive, non-executive, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement reflects the company’s governance structure and may influence its strategic decision-making and stakeholder confidence.
Xinming China Holdings Limited has announced significant changes to its board of directors. Ms. Chan Wai Yan has been appointed as an independent non-executive director and will join several board committees, bringing over eight years of financial and accounting experience. Additionally, Mr. Cao Zhiqiang has been redesignated from an executive director to a non-executive director due to his desire to focus on other commitments. These changes are expected to enhance the board’s expertise and governance, potentially impacting the company’s strategic direction and stakeholder engagement.
Xinming China Holdings Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board has also established three committees: Audit, Remuneration, and Nomination, with specified members and roles. This announcement reflects the company’s governance structure and may impact its operational oversight and strategic direction.
Xinming China Holdings Limited has announced an update regarding its capital reorganization and a delay in the dispatch of prospectus documents related to a proposed rights issue. The company is awaiting court directions for the confirmation of a capital reduction, which is a prerequisite for the rights issue. Consequently, the dispatch of prospectus documents and the timetable for the rights issue will be postponed, with a revised schedule to be issued soon.