Xinming China Holdings Limited (2699) AI Stock Analysis

• Market Cap: HK$30.06M
• Dividend Yield: N/A
• Average Volume (3M): 7.58M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: -84.06%
• EPS Growth: 60.63%
• Country: HK
• Employees: 50
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -1.56
• Shares Outstanding: 93,931,100
• 10 Day Avg. Volume: 3,415,000
• 30 Day Avg. Volume: 7,578,381
• PEG Ratio: -1.18
• Price to Book (P/B): -0.71
• Price to Sales (P/S): 26.41
• P/FCF Ratio: 34.71
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: HK$0.50 ▲(61.29% Upside)

The overall stock score is heavily influenced by the company's poor financial performance and negative valuation metrics. Technical analysis also indicates bearish momentum, further contributing to the low score. The lack of earnings call data and corporate events means these factors do not impact the score.

Xinming China Holdings Limited Business Overview & Revenue Model

Company Description

Xinming China Holdings Limited (2699) is a company based in China, primarily engaged in real estate development and property management. The company focuses on the development of residential and commercial properties, offering a range of properties that cater to diverse customer needs. It operates mainly within the Chinese market, leveraging its expertise in project planning, design, and construction to deliver high-quality real estate projects.

How the Company Makes Money

Xinming China Holdings Limited makes money primarily through the sale and leasing of residential and commercial properties. The company's revenue streams include the development and sale of residential apartments and complexes, as well as the leasing of commercial properties such as office spaces and retail centers. It also generates income from property management services provided to its developments, including maintenance and facility management. Strategic partnerships with local government bodies and other real estate developers can enhance project opportunities and profitability. The company may also benefit from favorable market conditions and urbanization trends in China, which can drive demand for real estate development.

Xinming China Holdings Limited Financial Statement Overview

Summary

Xinming China Holdings Limited is facing significant financial challenges, with declining revenues, persistent losses, and a highly leveraged balance sheet. Despite some improvements in cash flow, the financial statements indicate substantial risks and potential insolvency concerns.

Income Statement

Xinming China Holdings Limited has experienced significant revenue volatility with a notable decline in total revenue from 2023 to 2024. The company has consistently reported negative net income, indicating ongoing profitability challenges. Gross profit margins have been negative or low, and EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company exhibits a highly leveraged balance sheet with a negative stockholders' equity, indicating financial distress. The debt-to-equity ratio is not calculable due to negative equity, but the high total debt relative to assets suggests significant financial risk. The equity ratio is negative, further highlighting the company's insolvency issues.

Cash Flow

Cash flow analysis shows some improvement in operating cash flow in 2024 compared to 2023, but the company has faced negative free cash flow in previous years. The operating cash flow to net income ratio is positive, suggesting some ability to generate cash from operations despite net losses. However, the free cash flow to net income ratio remains concerning due to ongoing losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	41.29M	86.84M	422.58M	101.83M	128.54M	163.35M
Gross Profit	-60.51M	7.92M	-73.07M	77.62M	61.56M	52.99M
EBITDA	-25.02M	-110.35M	-113.48M	-11.88M	-645.07M	-42.36M
Net Income	-344.45M	-542.52M	-526.12M	-863.93M	-1.00B	-112.52M
Balance Sheet
Total Assets	2.12B	2.14B	2.22B	5.22B	6.42B	6.74B
Cash, Cash Equivalents and Short-Term Investments	1.37M	41.65M	36.29M	20.22M	5.25M	182.22M
Total Debt	1.49B	1.49B	1.55B	1.85B	2.23B	2.16B
Total Liabilities	5.82B	5.69B	5.18B	5.20B	5.56B	4.76B
Stockholders Equity	-3.38B	-3.24B	-2.76B	20.52M	884.45M	1.89B
Cash Flow
Free Cash Flow	66.81M	66.08M	-84.27M	166.86M	-225.50M	-15.87M
Operating Cash Flow	66.81M	66.08M	-84.27M	166.88M	-225.48M	-15.86M
Investing Cash Flow	-15.00K	6.00K	178.00K	-248.00K	303.00K	535.53M
Financing Cash Flow	-66.76M	-66.76M	77.99M	-151.66M	48.20M	-380.98M

Xinming China Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2699, the sentiment is Negative. The current price of 0.31 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 1.89, and below the 200-day MA of 1.62, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 24.24 is Positive, neither overbought nor oversold. The STOCH value of 31.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2699.

Xinming China Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3366	44 Neutral	HK$155.66M	―	―	―	-62.34%	70.06%
6968	41 Neutral	HK$121.63M	―	-26.32%	―	-70.72%	-667.17%
0185	39 Underperform	€227.69M	-0.19	-157.74%	―	-14.64%	69.18%
1996	39 Underperform	HK$142.54M	―	-1347.47%	―	-59.30%	19.71%
2699	39 Underperform	HK$30.06M	-0.03	―	―	-84.06%	60.63%

Xinming China Holdings Limited Corporate Events

Xinming China Holdings Implements Measures to Improve Financial Stability

Xinming China Holdings Limited has taken significant steps to address the disclaimer of opinion in its 2024 Annual Report by negotiating with lenders to extend repayment schedules and reduce immediate financial burdens. The company has successfully completed a Rights Issue, raising approximately HK$78.3 million, which has been partially used to repay debts and improve financial stability, with ongoing efforts to secure additional financing to enhance its financial position.

The most recent analyst rating on (HK:2699) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Xinming China Holdings Limited stock, see the HK:2699 Stock Forecast page.

Xinming China Holdings Addresses Unusual Share Movements

Xinming China Holdings Limited, a company incorporated in the Cayman Islands, has observed unusual price and trading volume movements in its shares. The company’s board has conducted inquiries and found no specific reason for these fluctuations, nor any undisclosed information that would impact the market. The company assures that its business operations and financial position remain stable, advising shareholders and potential investors to exercise caution.

The most recent analyst rating on (HK:2699) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Xinming China Holdings Limited stock, see the HK:2699 Stock Forecast page.

Xinming China Holdings Reports Significant Revenue Decline in H1 2025

Xinming China Holdings Limited reported a significant decline in its financial performance for the first half of 2025, with revenue dropping by approximately 57.9% to RMB33.1 million compared to the same period last year. The company’s gross profit also fell by 69.5%, and it recorded a loss attributable to owners of RMB136.8 million, a decrease of 59.1% in loss compared to the previous year. The board did not recommend an interim dividend, reflecting the challenging market conditions and financial strain on the company.

The most recent analyst rating on (HK:2699) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Xinming China Holdings Limited stock, see the HK:2699 Stock Forecast page.

Xinming China Holdings Limited Appoints New Executive Directors

Xinming China Holdings Limited has announced the appointment of two new executive directors, Mr. Hu Chaozhou and Mr. Shi Jianwen, effective from August 22, 2025. Mr. Hu brings over 30 years of experience in civil engineering and property industry management, while Mr. Shi has over 7 years of experience in finance and corporate management. These appointments are expected to strengthen the company’s leadership team and potentially enhance its strategic direction and operational efficiency.

The most recent analyst rating on (HK:2699) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Xinming China Holdings Limited stock, see the HK:2699 Stock Forecast page.

Xinming China Holdings Limited Announces Board Composition and Committee Roles

Xinming China Holdings Limited has announced the composition of its board of directors and the roles within its established committees. The board consists of executive, non-executive, and independent non-executive directors, with Mr. Chen Chengshou serving as the Chairman and CEO. The announcement details the members of the audit, remuneration, and nomination committees, highlighting the leadership roles within these groups. This restructuring is effective from 22 August 2025 and may influence the company’s governance and strategic direction.

The most recent analyst rating on (HK:2699) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Xinming China Holdings Limited stock, see the HK:2699 Stock Forecast page.

Xinming China Holdings to Review Interim Financials and Dividend

Xinming China Holdings Limited has announced that its Board of Directors will meet on August 29, 2025, to review and approve the unaudited interim financial results for the first half of 2025 and to consider recommending an interim dividend. This meeting is significant as it will provide insights into the company’s financial health and potential returns for shareholders, impacting its market positioning and stakeholder interests.