Xinming China Holdings Limited (HK:2699)
:2699
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Xinming China Holdings Limited
(2699)
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Rating:44Neutral
Price Target:
HK$0.26
▲(19.09% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance: persistent large losses, very thin margins, negative equity, and volatile cash flow. Technical indicators are largely neutral and do not offset the fundamental risk, while valuation remains challenged due to loss-making earnings and no dividend yield data.
Positive Factors
Top-line rebound
A 158% revenue rebound in 2025 indicates meaningful recovery in sales or project recognition. Sustained top-line growth can restore operating leverage, provide cash runway for restructuring, and give management scope to rebuild margins if execution and cost control continue.
Negative Factors
Negative shareholders' equity
Sustained negative equity (~-3.39B) reflects accumulated losses and materially weakens financial resilience. It impairs the firm's ability to raise equity, increases creditor scrutiny, and elevates default/refinancing risk, constraining strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line rebound
A 158% revenue rebound in 2025 indicates meaningful recovery in sales or project recognition. Sustained top-line growth can restore operating leverage, provide cash runway for restructuring, and give management scope to rebuild margins if execution and cost control continue.
Read all positive factors
Xinming China Holdings Limited (2699) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$23.95M
Dividend YieldN/A
Average Volume (3M)7.58M
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth26.55%
EPS Growth90.56%
CountryHK
Employees50
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-2.28
Shares Outstanding93,931,100
10 Day Avg. Volume3,415,000
30 Day Avg. Volume7,578,381
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.09
P/FCF Ratio-0.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Xinming China Holdings Limited Business Overview & Revenue Model
Company Description
Xinming China Holdings Limited, an investment holding company, operates as an integrated residential and commercial property developer in the People's Republic of China. The company operates through three segments: Property Development, Property L...
Xinming China Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 109.46M | 86.84M | 422.58M | 35.20M | 101.83M |
| Gross Profit | 66.70M | 7.92M | -73.07M | 20.01M | 77.62M |
| EBITDA | 67.42M | -110.35M | -113.48M | -648.17M | -11.88M |
| Net Income | -219.03M | -542.52M | -526.12M | -2.25B | -863.93M |
Balance Sheet | |||||
| Total Assets | 2.20B | 2.14B | 2.22B | 2.63B | 5.22B |
| Cash, Cash Equivalents and Short-Term Investments | 7.38M | 41.65M | 36.29M | 56.37M | 20.22M |
| Total Debt | 1.49B | 1.49B | 1.55B | 1.59B | 1.85B |
| Total Liabilities | 5.91B | 5.69B | 5.18B | 5.06B | 5.20B |
| Stockholders Equity | -3.39B | -3.24B | -2.76B | -2.23B | 20.52M |
Cash Flow | |||||
| Free Cash Flow | -74.84M | 66.08M | -84.27M | -1.68M | 166.86M |
| Operating Cash Flow | -74.84M | 66.08M | -84.27M | -1.68M | 166.88M |
| Investing Cash Flow | -2.92K | 6.00K | 178.00K | 53.00K | -248.00K |
| Financing Cash Flow | 80.01M | -66.76M | 77.99M | -11.16M | -151.66M |
Xinming China Holdings Limited Technical Analysis
Negative
0.22
Price Trends
0.27
Negative
0.26
Negative
0.85
Negative
Market Momentum
>-0.01
Positive
36.53
Neutral
41.88
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 0.22 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.27, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 41.88 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
49 Neutral | HK$348.69M | -0.08 | -26.32% | ― | -67.34% | -97.34% | |
45 Neutral | HK$162.64M | -0.21 | -220.64% | ― | -27.84% | 60.81% | |
44 Neutral | HK$23.95M | -0.05 | ― | ― | 26.55% | 90.56% | |
44 Neutral | HK$187.09M | -0.12 | 125.69% | ― | -58.43% | -861.89% | |
42 Neutral | HK$108.53M | -0.03 | -35.96% | ― | -25.77% | -32.32% | |
40 Underperform | HK$92.82M | -0.02 | -1347.47% | ― | -61.86% | 17.85% |
* Real Estate Sector Average
HK:2699
Xinming China Holdings Limited
0.24
-1.30
-84.22%
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0.03
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Ganglong China Property Group Limited
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128.41%
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Yida China Holdings Ltd.
0.04
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0.25
0.05
25.00%
Xinming China Holdings Limited Corporate Events
Xinming China Seeks Share Consolidation and Rights Issue Approval at 2026 EGM
May 15, 2026
Xinming China Holdings Limited has called an extraordinary general meeting in Hong Kong on 1 June 2026 to seek shareholder approval for a major share capital restructuring. The board is asking investors to endorse a consolidation of every 25 exist...
Xinming China Plans 25-for-1 Share Consolidation and Revised HK$106 Million Rights Issue
Apr 22, 2026
Xinming China Holdings plans a 25-to-1 share consolidation, reducing its issued share capital from 93,931,100 existing shares to 3,757,244 consolidated shares, subject to shareholder approval at an extraordinary general meeting. The board lot size...
Xinming China Moves to Ease Liquidity Strain and Address Auditor Disclaimer
Apr 1, 2026
Xinming China Holdings Limited has detailed measures taken since the publication of its 2024 annual report to address a disclaimer of opinion from its auditor, primarily by easing liquidity pressure and stabilising its balance sheet. The group has...
Xinming China Narrows Annual Loss but Remains Deep in the Red
Mar 31, 2026
Xinming China Holdings reported a 26% rise in revenue to RMB109.5 million for 2025, but gross profit plunged 76.1% to RMB5.0 million as cost of sales surged. The group’s loss attributable to shareholders narrowed to RMB219.0 million from RMB...
Xinming China Delays Circular for Six-for-One Rights Issue
Mar 30, 2026
Xinming China Holdings Limited has announced a delay in sending to shareholders a circular related to its proposed 2026 rights issue, which offers six rights shares for every one share held on the record date on a non-underwritten basis. The circu...
Xinming China Sets 31 March Board Meeting to Approve 2025 Results
Mar 16, 2026
Xinming China Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider the potential declaration of a final dividend and address oth...
Xinming China Appoints New Company Secretary and Authorised Representative
Mar 11, 2026
Xinming China Holdings Limited has announced a change in its key corporate governance roles, with the resignation of Mr. Kam Chun Ying as company secretary and authorised representative, effective 11 March 2026. He will be succeeded in both positi...
Xinming China Announces Board Resignations and Governance Reshuffle
Mar 3, 2026
Xinming China Holdings announced the resignation of executive director Hu Chaozhou and non-executive director Cao Zhiqiang, effective 3 March 2026, with both departing to focus on other work arrangements and personal commitments. The company state...
Xinming China Sets Out Board and Committee Line-Up Effective 3 March 2026
Mar 3, 2026
Xinming China Holdings Limited has announced the current composition of its board, led by executive director and chairman cum chief executive officer Chen Chengshou alongside executive director Shi Jianwen and three independent non-executive direc...
Xinming China Plans Major Non-Underwritten Rights Issue to Raise Up to HK$106 Million
Feb 16, 2026
Xinming China Holdings Limited has unveiled a sizeable 2026 rights issue, offering six rights shares for every existing share at a subscription price of HK$0.188, aiming to raise up to about HK$106 million before expenses. If fully subscribed, the...
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.