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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 |
|---|---|---|---|---|---|---|---|
54 Neutral | HK$247.98M | ― | ― | -79.91% | -1.21% | ||
53 Neutral | $1.26B | 2.84 | -5.63% | 5.62% | -4.43% | -95.39% | |
| ― | €28.19M | ― | -109.72% | ― | ― | ― | |
| ― | €17.50M | ― | -238.71% | ― | ― | ― | |
| ― | €15.16M | ― | -17.33% | ― | ― | ― | |
| ― | $25.51M | ― | -27.47% | ― | ― | ― | |
31 Underperform | HK$158.65M | ― | ― | -62.34% | 70.06% |
Xinming China Holdings Limited Corporate Events
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.
Xinming China Holdings Limited successfully completed its rights issue, offering four rights shares for every adjusted share at HK$1.12 per share. The rights issue raised approximately HK$84.2 million in gross proceeds, with net proceeds of HK$78.9 million. The funds will primarily be used to settle convertible bonds, repay loans, and cover other financial obligations, with a portion allocated for general working capital. The successful placement of unsubscribed shares to independent third parties ensured the full subscription of the rights issue, strengthening the company’s financial position.
Xinming China Holdings Limited announced the results of its Rights Issue, which was significantly undersubscribed with only 17.15% of the offered shares accepted. To address the shortfall, the company has arranged to place the unsubscribed shares with independent placees through compensatory arrangements. The outcome of this placement will impact the company’s capital structure and potentially affect shareholder value, as any net gain from the placement will be distributed to certain shareholders.
Xinming China Holdings Limited has appointed Ms. Ke Xiaoya as the vice president of the Greater China Region, effective from July 8, 2025. Ms. Ke brings extensive experience in operation management, particularly in real estate development and sales, and will be responsible for business planning, strategic investment, and capital markets matters in the region. Her expertise in digital transformation and cross-institutional collaboration is expected to enhance the company’s operations and market positioning in the Greater China region.
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.