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. 5 non-independent directors. Independent Non-Executive Director Sing Lai Chan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Mingfa Group (International) Company Limited, Annual General Meeting, Jun 05, 2026 Mingfa Group (International) Company Limited, Annual General Meeting, Jun 05, 2026, at 11:00 China Standard Time. Location: room 2, 11/f, nina hotel tsuen wan west, 8 yeung uk road, tsuen wan, Hong Kong Announcement • Mar 13
Mingfa Group (International) Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Mingfa Group (International) Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Aug 15
Mingfa Group (International) Company Limited to Report First Half, 2025 Results on Aug 29, 2025 Mingfa Group (International) Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 28
Mingfa Group (International) Company Limited, Annual General Meeting, Jun 06, 2025 Mingfa Group (International) Company Limited, Annual General Meeting, Jun 06, 2025, at 11:00 China Standard Time. Location: room 4, 11/f, nina hotel tsuen wan west, 8 yeung uk road, tsuen wan., Hong Kong Announcement • Mar 18
Mingfa Group (International) Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Mingfa Group (International) Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Sep 26
Mingfa Group (International) Company Limited Appoints Shang Xuan as an Executive Director, Effective 2 October 2024 The board of directors of Mingfa Group (International) Company Limited announced that Ms. Shang Xuan (``Ms. Shang'') will be appointed as an executive Director with effect from 2 October 2024. Ms. SHANG Xuan, aged 40, obtained an undergraduate degree in industrial design from Jiangnan University in September 2007, and was certified by the Nanjing Municipal Construction Engineering Intermediate Professional Technical Qualifications Social Assessment Committee as an engineer in December 2017. Ms. Shang has over 10 years of experience in the commercial real estate sector. Prior to joining the Group, Ms. Shang served as an investment promotion director at Jiangsu Red Sun Industrial Material City Company Limited from September 2007 to December 2009, where she was responsible for the preparatory work for the opening of the mall. From January 2010 to July 2011, she served as the head of commercial department of the commercial management centre at Hongyang Land (Group) Company Limited, where she was responsible for the establishment, operation and business development of the centre. From August 2011 to February 2012, Ms. Shang served as a director of business operations at Nanjing Hongyang Commercial Management Company Limited, where she was responsible for development of the entertainment business segment. From March 2012 to March 2013, Ms. Shang served as an assistant to the general manager at Nanjing Huwei Human Resources Development Co. Ltd., where she was responsible for external relations. From April 2013 to August 2017, Ms. Shang served various positions at Nanjing Shilin Home Decoration Plaza Company Limited, with her last position as an assistant to the chief executive officer and was responsible for administration and property management. Ms. Shang joined the Group in August 2017 as a deputy general manager of the asset management centre at the headquarters and was promoted to general manager in July 2020. Since July 2023, Ms. Shang has been the vice president of the Group. Announcement • Aug 20
Mingfa Group (International) Company Limited to Report First Half, 2024 Results on Aug 30, 2024 Mingfa Group (International) Company Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 21
Mingfa Group (International) Company Limited, Annual General Meeting, Jun 07, 2024 Mingfa Group (International) Company Limited, Annual General Meeting, Jun 07, 2024, at 11:00 China Standard Time. Location: Room 4, 11/F,Nina Hotel Tsuen Wan West, 8 Yeung Uk Road, Tsuen Wan, Hong Kong Hong Kong Hong Kong Agenda: To receive and approve the audited consolidated financial statements together with the directors' report and the independent auditor's report of the Company for the year ended 31 December 2023; to re-elect Dr. Lam, Lee G. as non-executive director of the Company and to authorize the board of directors of the Company to fix his director's remuneration; to re-elect Mr. Chu Kin Wang Peleus as independent non-executive director of the Company and to authorize the board of directors of the Company to fix his director's remuneration; to re-elect Mr. Chan Sing Lai as independent non-executive director of the Company and to authorize the board of directors of the Company to fix his director's remuneration; to re-appoint BDO Limited as auditor of the Company and to authorize the board of directors of the Company to fix its remuneration; and to consider other matters if any. Buy Or Sell Opportunity • Apr 15
Now 47% undervalued Over the last 90 days, the stock has risen 63% to €0.013. The fair value is estimated to be €0.024, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 02
Full year 2023 earnings released: CN¥0.077 loss per share (vs CN¥0.008 profit in FY 2022) Full year 2023 results: CN¥0.077 loss per share (down from CN¥0.008 profit in FY 2022). Revenue: CN¥9.52b (down 9.9% from FY 2022). Net loss: CN¥467.1m (down CN¥515.1m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Mingfa Group (International) Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Mingfa Group (International) Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Mar 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (68% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (0.7% net profit margin). Buy Or Sell Opportunity • Jan 30
Now 25% undervalued Over the last 90 days, the stock has risen 11% to €0.01. The fair value is estimated to be €0.013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Buying Opportunity • Dec 01
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 10.0%. The fair value is estimated to be €0.013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Buying Opportunity • Oct 04
Now 32% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €0.013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Announcement • Sep 19
Mingfa Group (International) Company Limited Announces the Resignation of LIU Yuwei as Executive Director The board of directors of Mingfa Group (International) Company Limited announced that Mr. LIU Yuwei (Mr. Liu) has tendered his resignation as an executive Director of the Company with effect from the date of this announcement as he intended to devote more time to his other business engagements. Buying Opportunity • Aug 28
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be €0.011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Reported Earnings • Aug 28
First half 2023 earnings released: EPS: CN¥0.056 (vs CN¥0.052 in 1H 2022) First half 2023 results: EPS: CN¥0.056 (up from CN¥0.052 in 1H 2022). Revenue: CN¥5.51b (down 7.5% from 1H 2022). Net income: CN¥343.8m (up 8.5% from 1H 2022). Profit margin: 6.2% (up from 5.3% in 1H 2022). The increase in margin was driven by lower expenses. Announcement • Aug 12
Mingfa Group (International) Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Mingfa Group (International) Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.31 in FY 2021) Full year 2022 results: EPS: CN¥0.008 (down from CN¥0.31 in FY 2021). Revenue: CN¥10.6b (down 36% from FY 2021). Net income: CN¥48.0m (down 98% from FY 2021). Profit margin: 0.5% (down from 12% in FY 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sing Lai Chan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.20 in 1H 2021) First half 2022 results: EPS: CN¥0.052 (down from CN¥0.20 in 1H 2021). Revenue: CN¥5.96b (down 39% from 1H 2021). Net income: CN¥316.8m (down 74% from 1H 2021). Profit margin: 5.3% (down from 12% in 1H 2021). Announcement • Aug 23
Mingfa Group (International) Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of Mingfa Group (International) Company Limited informed the shareholders of the Company and potential investors that, based on its preliminary review of the management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record a profit attributable to equity holders of the Company in the range of approximately RMB 300 million to RMB 330 million for the Reporting Period as compared to a profit attributable to equity holders of the Company of approximately RMB 1,205.0 million for the six months ended 30 June 2021. The Board believes that the expected decrease in the profit attributable to equity holders of the Company for the Reporting Period was mainly attributable to: (i) the decrease in revenue of approximately 38.5% as compared to the revenue for the Corresponding Period as a result of the decrease in gross floor area delivered to the buyers from 1,083,385 sq.m for the Corresponding Period to 919,678 sq.m. for the Reporting Period and the decrease in average selling price from RMB8,448.3 per sq.m. for the Corresponding Period to RMB 5,836.0 per sq.m. for the Reporting Period and such decrease in ASP was mainly due to the delivery of resettlement houses in Anhui province which had lower ASP in 2022; and (ii) the incurrence of net other losses of approximately RMB 139 million for the Reporting Period as compared to the net other income of approximately RMB36.8 million for the Corresponding Period mainly due to the increase in exchange losses arising from currency translation of the offshore liabilities denominated in USD and HKD for the Reporting Period. Announcement • Aug 19
Mingfa Group (International) Company Limited to Report First Half, 2022 Results on Aug 30, 2022 Mingfa Group (International) Company Limited announced that they will report first half, 2022 results on Aug 30, 2022 Reported Earnings • May 02
Full year 2021 earnings released: EPS: CN¥0.31 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.31 (up from CN¥0.18 in FY 2020). Revenue: CN¥16.4b (up 28% from FY 2020). Net income: CN¥1.88b (up 75% from FY 2020). Profit margin: 12% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Announcement • May 02
Mingfa Group (International) Co., Ltd., Annual General Meeting, Jun 10, 2022 Mingfa Group (International) Co., Ltd., Annual General Meeting, Jun 10, 2022, at 11:00 China Standard Time. Location: Unit 230608,23/F., Greenfield Tower Concordia Plaza, 1 Science Museum Road, Tsimshatsui Kowloon Hong Kong Agenda: To receive and approve the audited consolidated financial statements together with the directors' report and the independent auditor's report of the Company for the year ended 31 December 2021;to reelect the directors;to re-appoint BDO Limited as auditor of the Company and to authorize the board of directors of the Company to fix its remuneration; and to consider other matters. Board Change • Apr 27
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. 4 non-independent directors. Independent Non-Executive Director Sing Lai Chan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.31 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.31 (up from CN¥0.18 in FY 2020). Revenue: CN¥16.4b (up 28% from FY 2020). Net income: CN¥1.88b (up 75% from FY 2020). Profit margin: 12% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥9.69b (up 26% from 1H 2020). Net income: CN¥1.20b (up 60% from 1H 2020). Profit margin: 12% (up from 9.8% in 1H 2020). The increase in margin was driven by higher revenue. Director Overboarding • Aug 20
Director Kin Wang Chu has joined 7th company board Kin Wang Chu has been appointed to the board of Momentum Financial Holdings Limited (SEHK:1152). Chu now sits on a total of 7 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Kin Wang Chu has joined 7th company board Kin Wang Chu has been appointed to the board of Momentum Financial Holdings Limited (SEHK:1152). Chu now sits on a total of 7 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.16 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥12.9b (up 1.6% from FY 2019). Net income: CN¥1.08b (up 13% from FY 2019). Profit margin: 8.4% (up from 7.5% in FY 2019). Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.16 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥12.9b (up 1.6% from FY 2019). Net income: CN¥1.08b (up 13% from FY 2019). Profit margin: 8.4% (up from 7.5% in FY 2019). 
