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Xinming China Holdings Limited (HK:2699)
:2699
Hong Kong Market
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Xinming China Holdings Limited (2699) AI Stock Analysis

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HK:2699

Xinming China Holdings Limited

(2699)

Rating:56Neutral
Price Target:
HK$2.50
▲(14.68%Upside)
The overall stock score is primarily influenced by significant financial challenges, including persistent losses and a highly leveraged balance sheet. While technical indicators show some positive momentum, the negative valuation metrics weigh heavily on the stock's attractiveness. The absence of earnings call data and corporate events means these factors did not influence the score.

Xinming China Holdings Limited (2699) vs. iShares MSCI Hong Kong ETF (EWH)

Xinming China Holdings Limited Business Overview & Revenue Model

Company DescriptionXinming 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 MoneyXinming 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 substantial financial challenges, with declining revenues, consistent losses, negative equity, and lack of cash flow generation. The company appears to be under severe financial distress, with high leverage and significant operational inefficiencies. Immediate strategic measures may be necessary to stabilize the financial situation.
Income Statement
20
Very Negative
The company has experienced significant revenue contraction over the years, with a sharp decline from 2019 to 2024. Gross profit margin is volatile and net profit margins are deeply negative, reflecting consistent losses. EBIT and EBITDA margins are also negative, indicating operational inefficiencies and high costs relative to revenue.
Balance Sheet
15
Very Negative
The balance sheet shows a concerning financial position with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio cannot be calculated due to negative equity, but high levels of debt suggest significant leverage. Return on equity is not meaningful due to losses and negative equity.
Cash Flow
10
Very Negative
Cash flow statements reveal no operating cash flow or free cash flow in recent periods, indicating potential liquidity issues. Historical data shows inconsistent cash flow generation, and the absence of cash flow suggests an inability to self-fund operations without external financing.
BreakdownDec 2024Dec 2023Dec 2021Dec 2020Dec 2019
Income Statement
Total Revenue86.84M422.58M101.83M128.54M163.35M
Gross Profit7.92M-73.07M77.62M61.56M52.99M
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 Assets2.14B2.22B5.22B6.42B6.74B
Cash, Cash Equivalents and Short-Term Investments41.65M36.29M20.22M5.25M182.22M
Total Debt1.49B1.55B1.85B2.23B2.16B
Total Liabilities5.69B5.18B5.20B5.56B4.76B
Stockholders Equity-3.24B-2.76B20.52M884.45M1.89B
Cash Flow
Free Cash Flow66.08M-84.27M166.86M-225.50M-15.87M
Operating Cash Flow66.08M-84.27M166.88M-225.48M-15.86M
Investing Cash Flow6.00K178.00K-248.00K303.00K535.53M
Financing Cash Flow-66.76M77.99M-151.66M48.20M-380.98M

Xinming China Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.18
Price Trends
50DMA
1.63
Positive
100DMA
1.45
Positive
200DMA
1.41
Positive
Market Momentum
MACD
0.21
Negative
RSI
58.71
Neutral
STOCH
43.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2699, the sentiment is Positive. The current price of 2.18 is above the 20-day moving average (MA) of 1.95, above the 50-day MA of 1.63, and above the 200-day MA of 1.41, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 58.71 is Neutral, neither overbought nor oversold. The STOCH value of 43.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2699.

Xinming China Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
HK$201.01M
-79.91%-1.21%
54
Neutral
$1.24B3.770.67%6.13%-2.54%-129.13%
46
Neutral
€294.66M-109.72%-52.77%5.48%
43
Neutral
€145.96M-17.33%-53.75%-521.24%
39
Underperform
€165.75M-238.71%-43.46%31.62%
31
Underperform
HK$145.93M
-23.74%63.43%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2699
Xinming China Holdings Limited
2.18
1.16
113.73%
HK:3366
Overseas Chinese Town (Asia) Holdings Limited
0.21
0.03
16.67%
HK:1996
Redsun Properties Group Ltd.
0.05
-0.02
-27.69%
HK:6968
Ganglong China Property Group Limited
0.09
-0.05
-37.24%
HK:0185
Zensun Enterprises Limited
0.14
-0.19
-58.48%

Xinming China Holdings Limited Corporate Events

Xinming China Holdings Completes Successful Rights Issue
Jul 29, 2025

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 Faces Undersubscription in Rights Issue
Jul 11, 2025

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 Appoints New Vice President for Greater China Region
Jul 8, 2025

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 Takes Strategic Steps to Mitigate Financial Pressures
Jun 30, 2025

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 Appoints Additional Placing Agent for Rights Issue
Jun 16, 2025

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 Revises Rights Issue Timetable
Jun 6, 2025

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 Faces Further Delay in Rights Issue Prospectus Dispatch
May 28, 2025

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 AGM Resolutions Unanimously Approved
May 23, 2025

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 Announces Effective Date for Capital Reorganization
May 23, 2025

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 Revises Timetable for Capital Reorganisation and Rights Issue
May 7, 2025

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 Announces 2025 AGM Agenda
Apr 30, 2025

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 Announces Revised Timetable for Capital Reorganisation and Rights Issue
Apr 30, 2025

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.

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.Date of analysis: Jul 28, 2025