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Mingfa Group (International) Co. Ltd. (0846) AI Stock Analysis
Mingfa Group (International) Co. Ltd.
(HKEX:0846)
The overall score is driven primarily by weak financial performance, with sharp revenue decline, eroding margins, and negative cash flow creating elevated fundamental risk despite moderate leverage. Technicals add modest support through a short-term price rebound but are constrained by an overbought RSI and a still-soft long-term trend, while valuation remains pressured by persistent losses and the lack of a dividend.
Mingfa Group (International) Co. Ltd. (0846) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 548.41M
- Dividend Yield
- ―
- Average Volume (3M)
- 546.79K
- Price to Earnings (P/E)
- -0.3
- Beta (1Y)
- 0.69
- Revenue Growth
- -38.30%
- EPS Growth
- 34.06%
- Country
- Hong Kong
- Employees
- 2,990
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
Mingfa Group (International) Co. Ltd. Business Overview & Revenue Model
Company Description
As an investment holding company, Mingfa Group (International) Company Limited primarily operates in the People's Republic of China, focusing on property development, property leasing, and hotel management. Its operations are structured into three ke...
How the Company Makes Money
The company primarily makes money through (1) property development sales, (2) rental and related income from investment properties, and (3) other property-related income streams tied to its projects. 1) Property development sales (core revenue driver...
Mingfa Group (International) Co. Ltd. Financial Statement Overview
Summary
Severe revenue and margin deterioration, sustained net losses, and negative operating cash flow signal weak core performance, partially mitigated by a moderate debt-to-equity ratio and a solid equity base.
Income Statement
28NegativeBalance Sheet
65PositiveCash Flow
35Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 4.39B | 7.03B | 9.52B | 10.57B | 16.42B |
| Gross Profit | 495.48M | 790.77M | 1.52B | 1.94B | 2.34B | 5.01B |
| EBITDA | -200.52M | 64.74M | -964.53M | 324.49M | 1.14B | 3.34B |
| Net Income | -1.34B | -1.23B | -1.79B | -467.13M | 47.96M | 1.88B |
Balance Sheet | ||||||
| Total Assets | 55.61B | 57.41B | 62.33B | 70.67B | 71.19B | 73.75B |
| Cash, Cash Equivalents and Short-Term Investments | 484.10M | 574.25M | 1.17B | 1.78B | 2.88B | 3.67B |
| Total Debt | 2.76B | 2.79B | 2.12B | 2.52B | 2.65B | 3.48B |
| Total Liabilities | 40.42B | 40.82B | 45.53B | 51.65B | 51.57B | 54.29B |
| Stockholders Equity | 14.11B | 14.50B | 15.72B | 17.52B | 17.98B | 17.94B |
Cash Flow | ||||||
| Free Cash Flow | 52.92M | -417.17M | 1.23B | -487.27M | -259.90M | 737.40M |
| Operating Cash Flow | 85.09M | -385.01M | 1.24B | -459.13M | 69.96M | 1.01B |
| Investing Cash Flow | 116.83M | 300.09M | 984.53M | -102.15M | 228.81M | 103.36M |
| Financing Cash Flow | -472.22M | -465.23M | -2.79B | -551.72M | -869.79M | -1.02B |
Mingfa Group (International) Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0846, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 33.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0846.
Mingfa Group (International) Co. Ltd. Peers Comparison
Overall Rating
HK:127861Neutral
HK:181345Neutral- HK:084643Neutral
HK:016041Neutral
HK:163840Underperform
HK:177740Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| HK:1278 | 61Neutral | HKD 534.94M | 3.95 | 2.70% | 8.00% | 29.06% | 93.48% |
| HK:1813 | 45Neutral | HKD 310.90M | -0.07 | -330.41% | ― | -48.10% | -106.59% |
| HK:0846 | 43Neutral | HKD 548.41M | -0.34 | -9.34% | ― | -38.30% | 34.06% |
| HK:0160 | 41Neutral | HKD 360.21M | -0.68 | -5.07% | 2.00% | -17.82% | 21.91% |
| HK:1638 | 40Underperform | HKD 190.10M | 0.00 | 817.88% | ― | -16.73% | ― |
| HK:1777 | 40Underperform | HKD 101.78M | 0.00 | 40.42% | ― | -15.90% | -27.09% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0846 | Mingfa Group (International) Co. Ltd. | 0.09 | -0.02 | -21.05% | |
| HK:1813 | KWG Group Holdings | 0.09 | -0.18 | -66.30% | |
| HK:1638 | Kaisa Group Holdings Ltd. | 0.01 | -0.10 | -87.18% | |
| HK:1777 | Fantasia Holdings Group Co. Ltd. | 0.03 | -0.41 | -93.64% | |
| HK:1278 | China New Town Development Co. Ltd. | 0.06 | -0.03 | -36.78% | |
| HK:0160 | Hon Kwok Land Investment Co., Ltd. | 0.50 | -0.51 | -50.69% |
Mingfa Group (International) Co. Ltd. Corporate Events
Mingfa Group Announces Chairman Resignation and Appointment of New Board Head
Mingfa Group (International) Co. Ltd. has announced a significant leadership change, with non-executive director Dr. Lam Lee G. resigning as chairman of the board effective 30 September 2026. The board noted that Dr. Lam is stepping down to pursue ot...
Mingfa Group Overhauls Board and Committee Structure to Sharpen Governance
Mingfa Group (International) Company Limited has updated its board composition effective 30 September 2026, naming Walter Ng Man Fung as chairman and Shang Xuan as chief executive officer alongside executive director Huang Zhibin, non-executive direc...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Mingfa Group (International) Co. Ltd. reports that the long-running restructuring of boards at its PRC subsidiaries is nearing completion, with only two mainland units still awaiting regulatory approval for director changes. Once local bureaus sign o...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Mingfa Group (International) Company Limited has reported further progress in its long-running restructuring of the boards of directors at its PRC subsidiaries. As of 31 August 2026, only two remaining subsidiaries are awaiting local regulatory appro...
Mingfa Group Releases Unaudited Interim Results for First Half of 2026
Mingfa Group (International) Company Limited announced its unaudited interim results for the six months ended 30 June 2026, fulfilling Hong Kong Stock Exchange requirements for preliminary disclosure. The company will subsequently publish a full inte...
Mingfa Group Sets August Board Meeting to Review Interim Results and Dividend
Mingfa Group (International) Company Limited has scheduled a board meeting in Hong Kong on 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an in...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Mingfa Group (International) Company Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through key subsidiaries in mainland China and maintains a multi-tier board structure with executive, non-executive, and independent no...
Mingfa Group’s Interim Contracted Sales Fall 21% on Weaker China Property Demand
Mingfa Group (International) Company Limited reported unaudited contracted sales of approximately RMB1.1 billion for the six months ended 30 June 2026, reflecting a decline of about 21.4% from roughly RMB1.4 billion in the same period of 2025. Sales...
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.
Date of analysis: Oct 02, 2026