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Huijing Holdings Company Limited
(9968)
Huijing Holdings Company Limited (9968) vs. iShares MSCI Hong Kong ETF (EWH)
Huijing Holdings Company Limited Business Overview & Revenue Model
Huijing Holdings Company Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 342.77M | 240.91M | 941.22M | 85.89M | 5.31B | 5.15B |
| Gross Profit | -90.35M | 62.64M | 258.42M | 6.94M | 1.67B | 1.78B |
| EBITDA | -201.77M | -292.75M | -471.78M | -2.33B | 1.04B | 1.48B |
| Net Income | -822.56M | -799.48M | -696.72M | -2.45B | 256.14M | 516.36M |
Balance Sheet | ||||||
| Total Assets | 9.10B | 10.15B | 10.42B | 12.21B | 15.18B | 12.74B |
| Cash, Cash Equivalents and Short-Term Investments | 27.88M | 37.19M | 170.47M | 177.67M | 1.72B | 2.58B |
| Total Debt | 4.97B | 5.19B | 4.95B | 4.67B | 4.51B | 2.77B |
| Total Liabilities | 9.70B | 10.48B | 9.89B | 10.89B | 10.93B | 8.91B |
| Stockholders Equity | -1.06B | -847.91M | 12.18M | 732.69M | 3.32B | 3.24B |
Cash Flow | ||||||
| Free Cash Flow | -58.90M | -170.41M | 11.88M | -2.35B | -1.40B | -261.45M |
| Operating Cash Flow | -58.55M | -170.06M | 12.73M | -2.35B | -1.39B | -199.50M |
| Investing Cash Flow | 22.61M | 84.94M | -27.60M | 1.17B | -550.54M | -418.15M |
| Financing Cash Flow | 44.46M | 108.22M | 9.62M | -319.02M | 1.58B | 1.79B |
Huijing Holdings Company Limited Technical Analysis
Huijing Holdings Company Limited Peers Comparison
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% | |
51 Neutral | HK$110.33M | -0.12 | ― | ― | -63.99% | -34.79% | |
46 Neutral | HK$75.70M | -0.19 | -40.52% | ― | -52.37% | 15.93% | |
45 Neutral | HK$120.49M | -1.25 | -24.60% | ― | -72.39% | 26.33% | |
38 Underperform | HK$93.29M | -0.48 | -37.65% | ― | -54.13% | 24.72% |
Huijing Holdings Company Limited Corporate Events
Huijing Holdings has provided an update on its efforts to resolve a disclaimer of opinion on its financial statements, highlighting operational and financial measures taken in 2025. The company has completed delivery of pre-sold units in its Heyuan project and Phase VI villas at Shatian Kailun Bay, with revenue from these sales expected to be recognised in the 2025 financial year, which should support its top line. It has also implemented significant cost controls and organisational restructuring, cutting headcount from 153 to 113 and reducing staff costs by about 40%, while maintaining normal operations. In parallel, Huijing is actively negotiating with creditors on a debt restructuring, including potential extensions and refinancing, though no binding agreement has yet been reached, and it continues to face cash flow pressure despite having sufficient liquidity for day-to-day operations. The company reiterates its focus on “increasing income and reducing expenditure” as it works to normalise its financial position and address the auditor’s disclaimer of opinion, signaling an ongoing but cautiously positive restructuring trajectory for stakeholders.
The most recent analyst rating on (HK:9968) stock is a Hold with a HK$0.02 price target. To see the full list of analyst forecasts on Huijing Holdings Company Limited stock, see the HK:9968 Stock Forecast page.
Huijing Holdings Company Limited has issued a supplemental announcement to its 2024 Annual Report, providing additional information about its Post-IPO Share Option Scheme. As of the report date, the company has 525,400,000 shares available for issue under this scheme, representing 10% of the total shares in issue. This update does not alter any other information in the annual report, ensuring stakeholders that the company’s operational and strategic disclosures remain consistent.
Huijing Holdings Company Limited has announced the composition of its Board of Directors, which includes non-executive, executive, and independent non-executive directors. The company has also detailed the membership of its three standing Board committees: Audit, Remuneration, and Nomination, highlighting the roles of key members within these committees. This announcement provides clarity on the governance structure of Huijing Holdings, potentially impacting its strategic direction and offering stakeholders insight into the company’s leadership and decision-making processes.
Huijing Holdings Company Limited has appointed Mr. Lun Chu Kwan as an executive director effective October 23, 2025. Mr. Lun, who has been with the company since 2024, is the son of the Chairman and has a background in finance and Chinese studies. His appointment is expected to strengthen the company’s leadership, given his experience and familial ties within the organization.
Huijing Holdings Company Limited has announced a supplemental update regarding its efforts to resolve a Disclaimer of Opinion on its financial statements. The company is actively engaging with creditors to formulate a restructuring plan, seeking partners and investors for existing projects, and exploring diversified sales strategies to improve liquidity and financial position. Despite slower-than-expected progress due to the downturn in the PRC real estate market, the company maintains operations through rental income and is implementing cost control measures to enhance efficiency.