SEHK:2699

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Xinming China Holdings

Executive Summary

Xinming China Holdings Limited, an investment holding company, operates as an integrated residential and commercial property developer in the People’s Republic of China.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Xinming China Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2699 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

2699

11.3%

HK Real Estate

9.1%

HK Market


1 Year Return

-10.5%

2699

-6.9%

HK Real Estate

0.9%

HK Market

Return vs Industry: 2699 exceeded the Hong Kong Real Estate industry which returned -12.3% over the past year.

Return vs Market: 2699 underperformed the Hong Kong Market which returned -4.7% over the past year.


Shareholder returns

2699IndustryMarket
7 Day0%11.3%9.1%
30 Day-4.7%9.5%8.2%
90 Day-1.9%11.0%13.8%
1 Year-10.5%-10.5%-2.1%-6.9%4.6%0.9%
3 Year-19.0%-19.0%27.3%12.2%13.1%1.4%
5 Year-29.7%-29.7%46.7%20.4%10.8%-7.1%

Price Volatility Vs. Market

How volatile is Xinming China Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Xinming China Holdings undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2699's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2699's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2699 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: 2699 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2699's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2699 is overvalued based on its PB Ratio (0.9x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Xinming China Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Xinming China Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Xinming China Holdings performed over the past 5 years?

-32.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2699 is currently unprofitable.

Growing Profit Margin: 2699 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2699 is unprofitable, and losses have increased over the past 5 years at a rate of -32.4% per year.

Accelerating Growth: Unable to compare 2699's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2699 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (3.8%).


Return on Equity

High ROE: 2699 has a negative Return on Equity (-5.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Xinming China Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2699's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥4.2B).

Long Term Liabilities: 2699's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥529.5M).


Debt to Equity History and Analysis

Debt Level: 2699's debt to equity ratio (109.3%) is considered high.

Reducing Debt: 2699's debt to equity ratio has reduced from 176.8% to 109.3% over the past 5 years.

Debt Coverage: 2699's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 2699's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Xinming China Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2699's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2699's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2699's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2699's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2699's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Chengshou Chen (54yo)

6.5yrs

Tenure

CN¥1,069,000

Compensation

Mr. Chengshou Chen has been Chairman and Chief Executive Officer and Executive Director of Xinming China Holdings Limited since January 16, 2014. Mr. Chen is the founder of Xinming China Holdings and is pr ...


CEO Compensation Analysis

Compensation vs Market: Chengshou's total compensation ($USD151.28K) is below average for companies of similar size in the Hong Kong market ($USD273.83K).

Compensation vs Earnings: Chengshou's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chengshou Chen
Chairman & CEO6.5yrsCN¥1.07m63.92% CN¥1.2b
Cizhao Feng
CFO & Executive Director4.75yrsCN¥112.00k0.0069% CN¥130.4k
Jie Li
Chief Executive Officer3.42yrsno datano data
Chun Ying Kam
Chief Investment Officer & Company Secretary3.5yrsno datano data
Hefei Ji
Human Resources Director3.67yrsno datano data
Wei Pu
Executive Director0.42yrno datano data
Xiaolin Quan
Joint Secretaryno dataCN¥294.00kno data

3.5yrs

Average Tenure

46yo

Average Age

Experienced Management: 2699's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chengshou Chen
Chairman & CEO6.5yrsCN¥1.07m63.92% CN¥1.2b
Cizhao Feng
CFO & Executive Director4.75yrsCN¥112.00k0.0069% CN¥130.4k
Wei Pu
Executive Director0.42yrno datano data
Wo Fong
Independent Non-Executive Director5.08yrsCN¥220.00kno data
Wa Kei Lo
Independent Non-Executive Director5.08yrsCN¥220.00kno data
Chiu Ho Chou
Non Executive Director0.42yrno datano data
Jiong Gu
Independent Non-Executive Director5.08yrsCN¥220.00kno data
Qiaoqin Gao
Non-Executive Director6.08yrsCN¥180.00kno data

5.1yrs

Average Tenure

48yo

Average Age

Experienced Board: 2699's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2699 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Xinming China Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Xinming China Holdings Limited
  • Ticker: 2699
  • Exchange: SEHK
  • Founded: 2014
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$1.897b
  • Shares outstanding: 1.88b
  • Website: https://www.xinm.com.cn

Number of Employees


Location

  • Xinming China Holdings Limited
  • Hengli Building
  • Block I
  • Hangzhou
  • Zhejiang Province
  • 310007
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2699SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2015

Biography

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 Leasing, and Others. It develops residential units and ancillary facilities, including mid-rise apartments, high-rise apartments, and townhouses, as well as street-level retail outlets and other facilities, such as clubhouses and swimming pools. The company also invests in and leases commercial properties; and provides property management services to the owners of residential properties. As of December 31, 2019, it leased out an area of approximately 167,327.3 square meters. The company was founded in 2014 and is based in Hangzhou, China. Xinming China Holdings Limited is a subsidiary of Xinxing Company Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 12:42
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.