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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 | EBIT |
| -15.48M | -110.73M | 280.48M | -583.55M | -40.69M | EBITDA |
| -110.35M | -113.48M | -360.38M | -582.55M | -42.36M | Net Income Common Stockholders |
| -542.52M | -526.12M | -831.11M | -1.12B | -112.52M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 41.65M | 36.29M | 20.22M | 5.25M | 182.22M | Total Assets |
| 2.14B | 2.22B | 5.22B | 6.42B | 6.74B | Total Debt |
| 1.49B | 1.55B | 1.85B | 2.23B | 2.16B | Net Debt |
| 1.49B | 1.55B | 1.83B | 2.22B | 1.98B | 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 | |||
| 0.00 | 0.00 | 166.86M | -225.50M | -15.87M | Operating Cash Flow |
| 0.00 | 0.00 | 166.88M | -225.48M | -15.86M | Investing Cash Flow |
| 0.00 | 0.00 | -248.00K | 303.00K | 535.53M | Financing Cash Flow |
| 0.00 | 0.00 | -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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.84B | 10.78 | 0.41% | 6.09% | 6.01% | -21.16% | |
22 Underperform | HK$140.90M | ― | ― | -79.91% | -1.23% | ||
| $10.33B | 5.74 | 13.28% | ― | ― | |||
| $282.86M | ― | -90.47% | ― | ― | ― | ||
| $17.86B | 5.56 | 12.03% | 11.62% | ― | ― | ||
| $25.53B | 6.17 | 9.66% | 1.41% | ― | ― | ||
| $478.04M | ― | -71.13% | ― | ― | ― |
Xinming China Holdings Limited Corporate Events
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.
Xinming China Holdings Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue dropped by approximately 79.4% to RMB86.8 million, and it recorded a loss attributable to owners of RMB542.5 million. The board did not recommend a final dividend, reflecting ongoing financial challenges.
Xinming China Holdings Limited has announced its annual general meeting for the year 2022, scheduled to take place on April 14, 2025, in Hong Kong. The meeting will address several key resolutions, including the ratification of the 2022 AGM, the review of financial statements, the re-election of directors, and the appointment of auditors. This meeting is crucial for the company as it will confirm leadership roles and financial oversight, impacting its governance and operational strategies moving forward.
Xinming China Holdings Limited has announced its annual general meeting for 2023, scheduled for April 14, 2025, in Hong Kong. The meeting will address several key resolutions, including the approval of financial statements, re-election of directors, and the ratification of Global Link CPA Limited as auditors. Additionally, the company seeks authorization to issue new shares, which could impact its capital structure and market positioning.
Xinming China Holdings Limited has announced a board meeting scheduled for March 31, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend and address other business matters, which could impact the company’s financial strategy and shareholder returns.
Xinming China Holdings Limited announced the successful passing of all proposed resolutions during its Extraordinary General Meeting held on March 13, 2025. The resolutions included a Capital Reorganisation and a Rights Issue, both receiving unanimous approval from shareholders. This strategic move is expected to significantly increase the company’s issued shares, impacting its capital structure and potentially enhancing its market position.
Xinming China Holdings Limited has announced proposed amendments to its memorandum and articles of association. These amendments aim to enhance the flexibility of conducting general meetings, align with updated regulatory requirements, and incorporate housekeeping changes. The adoption of these amendments, which will be consolidated into a second amended and restated memorandum and articles of association, is subject to shareholder approval at the company’s annual general meeting scheduled for April 14, 2025.
Xinming China Holdings Limited, a company incorporated in the Cayman Islands, has announced the appointment of Mr. Cao Zhiqiang as an authorised representative, effective from March 5, 2025. This appointment allows the company to comply with the requirement of having two authorised representatives as per the Listing Rules, potentially strengthening its governance and operational compliance.
Xinming China Holdings Limited, a company incorporated in the Cayman Islands, announced the resignation of Mr. Choi as a non-executive director and authorised representative, effective from February 24, 2025. Mr. Choi resigned to focus on other work commitments, and the company has confirmed that all other information in the previous announcement remains unchanged.
Xinming China Holdings Limited has issued a clarification announcement regarding its proposed capital reorganization and rights issue. The company has amended the timetable for lodging proxy forms for its extraordinary general meeting and has published a revised proxy form to ensure shareholders are informed of the correct dates and procedures. This announcement is intended to provide clarity and does not affect other information previously disclosed.
Xinming China Holdings Limited announced the resignation of Mr. Choi Clifford Wai Hong as a non-executive director and authorised representative, effective February 24, 2025. Mr. Choi’s departure leaves the company with only one authorised representative, prompting the company to seek a suitable replacement in compliance with listing rules. The resignation does not involve any disagreements or issues requiring shareholder attention.
Xinming China Holdings Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned as chairpersons and members. This announcement clarifies the governance structure of the company, potentially impacting its strategic direction and stakeholder engagement by delineating roles and responsibilities within the board and its committees.
Xinming China Holdings Limited has announced an extraordinary general meeting to discuss a significant capital reorganization. The proposed changes include consolidating every 100 shares into one, reducing the par value of issued shares, and subdividing authorized shares, aiming to streamline the company’s capital structure and potentially improve financial flexibility.
Xinming China Holdings Limited, a company incorporated in the Cayman Islands, has announced a further delay in the dispatch of its Circular related to a proposed Capital Reorganisation and Rights Issue. This delay affects the timeline for these financial activities and the Circular is now expected to be dispatched by 25 February 2025. The revised timetable includes new dates for shareholder engagement and voting, which are crucial for the approval of the proposed financial restructuring.
Xinming China Holdings Limited has announced a shift to electronic dissemination of its corporate communications in line with updated regulations effective from December 31, 2023. This move is expected to streamline operations and improve accessibility of information for stakeholders, as documents will now be available digitally on the company’s website and the Stock Exchange’s site. Printed copies will only be available upon request, reflecting a broader trend towards digital transformation in corporate communication practices.
Xinming China Holdings Limited has announced changes in the way it will disseminate its corporate communications. In compliance with new listing rules, the company will primarily use electronic means to communicate with shareholders, sending printed materials only upon request. This move is aimed at enhancing efficiency and reducing environmental impact, aligning with modern communication practices.