New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Jun 24
Min Xin Holdings Limited Announces Remuneration Committee Changes, Effective 24 June 2026 The board of directors of the Min Xin Holdings Limited announced that Mr. CHEN Ying, an Executive Director and the General Manager of the Company, has been appointed as a member of the Remuneration Committee, while Mr. HUANG Wensheng, the Vice Chairman of the Board and an Executive Director of the Company, will cease to be a member of the Remuneration Committee, both with effect from 24 June 2026. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Chong Shun Leung was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 13
Min Xin Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Min Xin Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Aug 15
Min Xin Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Min Xin Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Mar 27
Min Xin Holdings Limited, Annual General Meeting, Jun 26, 2025 Min Xin Holdings Limited, Annual General Meeting, Jun 26, 2025. Announcement • Mar 11
Min Xin Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Min Xin Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Aug 14
Min Xin Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Min Xin Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 18
Min Xin Holdings Limited Announces Executive Changes The board of directors of Min Xin Holdings Limited announced the following changes to the Board and the composition of the Executive Committee with effect from June 19, 2024: Mr. CHEN Yu has resigned as an Executive Director and a member of the Executive Committee; Mr. YANG Jingchao has resigned as a Non-executive Director; Mr. ZHOU Tianxing has been appointed as a Non-executive Director; Ms. You Li has been appointed as a Non-executive Director. Mr. Chen Yu has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. YANG Jingchao has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the Shareholders or the Stock Exchange. Mr. ZHOU Tianxing, aged 41, holds a Bachelor's degree in Economics and a Master's degree in Economics of Xiamen University. He is a Senior Economist and an Accountant in the Mainland China. He has extensive experience in the financial industry, fund settlement management, financial management and corporate management. Mr. Zhou is currently the director-general of Financial Capital Centre of Fujian Investment & Development Group Co. Ltd. ("FIDG"), the controlling shareholder (as defined by the Rules Governing the Listing of Securities of the Stock Exchange (the "Listing Rules")) of the Company. He is also the executive director, the legal representative and the general manager of (Fujian Futou Investment Company Limited). Mr. Zhou had previously assumed the position of the credit review staff member of the Credit Approval department of Fuzhou City Commercial Bank (currently Fujian Haixia Bank Co. Ltd.). He was previously the staff member of the fund management, the capital operation and the general management of Capital and Finance Department of Fujian Investment and Development Corporation, the general management staff, the senior fund management staff of Fund Settlement Centre, the senior head of fund management, the deputy general manager of Capital and Finance Department and the director of Fund Settlement Centre, the deputy general manager and the general manager of Fund Management Department and the general manager of Capital and Finance Department of FIDG. He was also the chairman and legal representative of (Fujian Strait Financial Leasing Co. Ltd.). Ms. You Li aged 45, holds a Bachelor's degree in Economics of Xiamen University. She is a Senior Accountant in the Mainland China. She has extensive experience in financial management, corporate financing, taxation and corporate management. Ms You is currently the general manager of Capital and Finance Department of FIDG, the controlling shareholder (as defined under the Listing Rules) of the Company. Ms. You had previously assumed the positions of the auditor of (Fujian Shuitong Taxation Advisory Co. Ltd.), the staff member of fund management of the Finance Department of Fujian Branch of Ping An Property & Casualty Insurance Company of China Ltd., and the financial controller and finance manager of (Fujian Hongshun Leasing Co. Ltd.*). She was previously the deputy general manager and the general manager of Capitaland Finance Department, the assistant to the general manager of Fujian Venture Investment Management Co. Ltd., a member of the Party Committee and the financial controller of Zhongmin Energy Co. Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600163) from December 2020 to April 2023, and the deputy general manager of Capital and Finance Department of FIDG. Upcoming Dividend • Jun 14
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.3%). Declared Dividend • Apr 01
Dividend of HK$0.09 announced Shareholders will receive a dividend of HK$0.09. Ex-date: 21st June 2024 Payment date: 12th July 2024 Dividend yield will be 35%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 42% EPS decline seen over the last 5 years. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: HK$0.066 (vs HK$0.75 in FY 2022) Full year 2023 results: EPS: HK$0.066 (down from HK$0.75 in FY 2022). Revenue: HK$242.4m (up 4.5% from FY 2022). Net income: HK$39.4m (down 91% from FY 2022). Profit margin: 16% (down from 192% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
Min Xin Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Min Xin Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Sep 03
First half 2023 earnings released: EPS: HK$0.19 (vs HK$0.39 in 1H 2022) First half 2023 results: EPS: HK$0.19 (down from HK$0.39 in 1H 2022). Revenue: HK$120.4m (up 8.7% from 1H 2022). Net income: HK$115.5m (down 51% from 1H 2022). Profit margin: 96% (down from 212% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Announcement • Aug 13
Min Xin Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Min Xin Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the six months, the group is expected to record a profit attributable to the Shareholders for the six months ended 30 June 2023 of approximately HKD 110 million to HKD 130 million, representing a decrease of approximately 46% to 55% as compared to that of the corresponding period in 2022. Such decrease is primarily due to (i) the decrease in share of results of Xiamen International Bank Co. Ltd. for the six months ended 30 June 2023 as compared to the corresponding period in 2022 due to the combined effects of the decrease in the profit attributable to shareholders of XIB and the devaluation of Renminbi against Hong Kong dollars; and (ii) the recognition of the one-off loss on dilution of the Company's shareholding in XIB from approximately 8.8543% to 8.689% in March 2023. Announcement • Aug 12
Min Xin Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Min Xin Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.12 per share at 3.5% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.4%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.75 (vs HK$0.83 in FY 2021) Full year 2022 results: EPS: HK$0.75 (down from HK$0.83 in FY 2021). Revenue: HK$203.0m (down 13% from FY 2021). Net income: HK$446.4m (down 10.0% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chong Shun Leung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.39 (vs HK$0.43 in 1H 2021) First half 2022 results: EPS: HK$0.39 (down from HK$0.43 in 1H 2021). Revenue: HK$96.2m (down 2.3% from 1H 2021). Net income: HK$234.4m (down 9.9% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 31
Min Xin Holdings Limited Approves Final Dividend for 2021 At the annual general meeting of Min Xin Holdings Limited held on 28 June 2022, the Shareholders passed the resolution to pay the final dividend for 2021 of HKD 0.12 per share on 15 July 2022, which brought stable and sustainable returns to the Shareholders. Announcement • Aug 16
Min Xin Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 Min Xin Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Upcoming Dividend • Jun 23
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.2%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chong Shun Leung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 01
Min Xin Holdings Limited, Annual General Meeting, Jun 28, 2022 Min Xin Holdings Limited, Annual General Meeting, Jun 28, 2022. Agenda: To consider the payment of a final dividend for the year ended 31 December 2021. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: HK$0.83 (vs HK$0.73 in FY 2020) Full year 2021 results: EPS: HK$0.83 (up from HK$0.73 in FY 2020). Revenue: HK$241.7m (up 47% from FY 2020). Net income: HK$495.9m (up 14% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Announcement • Apr 01
Min Xin Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2021, Payable on July 15, 2022 Min Xin Holdings Limited proposed final dividend for HKD 0.12 per share for the year ended December 31, 2021. Ex-dividend date is June 30, 2022. Record date is July 07, 2022 and payment date is July 15, 2022. Reported Earnings • Aug 28
First half 2021 earnings released: EPS HK$0.43 (vs HK$0.36 in 1H 2020) First half 2021 results: Revenue: HK$98.5m (up 48% from 1H 2020). Net income: HK$260.0m (up 20% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 11 June 2021. Payment date: 25 June 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.96 in FY 2019) Full year 2020 results: Revenue: HK$167.1m (up 11% from FY 2019). Net income: HK$436.1m (down 24% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.96 in FY 2019) Full year 2020 results: Revenue: HK$187.0m (up 24% from FY 2019). Net income: HK$436.1m (down 24% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Announcement • Mar 13
Min Xin Holdings Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Min Xin Holdings Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €0.41 The company is up 11% from its price of €0.37 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 30% over the same period. Announcement • Dec 11
Min Xin Holdings Limited Appoints Chen Jie as Executive Director and Vice Chairman and Change of Composition of Board Committee The board of directors of Min Xin Holdings Limited announced that Mr. CHEN Jie ("Mr Chen") has been appointed as an Executive Director, the Vice Chairman of the Board and a member of the Executive Committee of the Company with effect from 11 December 2020. Mr. Chen, aged 58, is currently a member of the Party Committee and the Chief accountant of Fujian Investment & Development Group Co. Ltd., which is the controlling shareholder of the Company. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total profits of HK$515.0m, down 18% from the prior year. Total revenue was HK$135.2m over the last 12 months, down 70% from the prior year. Announcement • Aug 15
Min Xin Holdings Limited to Report First Half, 2020 Results on Aug 26, 2020 Min Xin Holdings Limited announced that they will report first half, 2020 results on Aug 26, 2020 
