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China Qinfa Group Ltd. (0866) AI Stock Analysis
China Qinfa Group Ltd.
(HKEX:0866)
The stock’s overall score is constrained by weakening financial performance, including sustained revenue decline, recent net losses, high but stabilizing leverage, and negative free cash flow, despite positive operating cash flow and some balance sheet repair. Valuation is also a headwind, with a very elevated P/E and modest dividend yield relative to the company’s cyclical risks. Technicals are the main support, reflecting a strong short-term uptrend, but overbought momentum indicators and a price still below the 200-day moving average limit the upside contribution to the overall score.
China Qinfa Group Ltd. (0866) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 5.01B
- Dividend Yield
- 1.05%
- Average Volume (3M)
- 3.13M
- Price to Earnings (P/E)
- 15.2
- Beta (1Y)
- 0.65
- Revenue Growth
- -13.48%
- EPS Growth
- -22.50%
- Country
- Hong Kong
- Employees
- 4,089
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Coal
China Qinfa Group Ltd. Business Overview & Revenue Model
Company Description
China Qinfa Group Ltd. is an investment holding company, which engages in the coal operation business. It operates under the Coal Business and Shipping Transportation segments. The Coal Business segment includes coal mining, purchases and sales, filt...
How the Company Makes Money
China Qinfa Group Ltd. primarily makes money by selling coal and providing coal-related supply-chain services. Its core revenue stream is coal trading: the company purchases coal from suppliers (e.g., mines and other coal producers) and resells it to...
China Qinfa Group Ltd. Financial Statement Overview
Summary
Revenue has contracted sharply since 2021 with recent net losses and negative free cash flow, while high but improving leverage and stable gross/EBIT margins and positive operating cash flow provide only partial offset.
Income Statement
45NeutralBalance Sheet
35NegativeCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.93B | 1.84B | 2.60B | 3.45B | 3.79B | 4.56B |
| Gross Profit | 663.78M | 473.37M | 514.54M | 878.02M | 1.27B | 1.94B |
| EBITDA | 848.71M | 774.87M | 1.06B | 1.46B | 1.75B | 4.03B |
| Net Income | 259.42M | -93.86M | 501.94M | 200.35M | 456.54M | 2.79B |
Balance Sheet | ||||||
| Total Assets | 6.65B | 6.66B | 8.63B | 7.86B | 7.85B | 7.90B |
| Cash, Cash Equivalents and Short-Term Investments | 401.70M | 1.14B | 1.03B | 302.73M | 856.00M | 1.05B |
| Total Debt | 1.76B | 2.03B | 1.20B | 3.58B | 3.53B | 3.71B |
| Total Liabilities | 3.87B | 4.12B | 5.14B | 7.54B | 7.04B | 7.58B |
| Stockholders Equity | 2.23B | 1.91B | 1.97B | -472.87M | 13.11M | -450.10M |
Cash Flow | ||||||
| Free Cash Flow | -784.24M | -1.03B | -384.53M | 378.85M | 253.32M | 1.75B |
| Operating Cash Flow | 1.25B | 518.03M | 466.93M | 1.46B | 984.43M | 1.89B |
| Investing Cash Flow | -1.67B | -1.60B | -612.16M | -1.84B | -835.63M | -18.77M |
| Financing Cash Flow | 435.69M | 603.81M | 823.72M | -212.07M | -307.81M | -989.73M |
China Qinfa Group Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0866, the sentiment is Positive. The current price of 1.91 is above the 20-day moving average (MA) of 1.87, below the 50-day MA of 2.02, and below the 200-day MA of 2.52, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 50.20 is Neutral, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0866.
China Qinfa Group Ltd. Peers Comparison
Overall Rating
HK:108865Neutral
HK:189858Neutral
HK:097555Neutral
HK:063949Neutral- HK:086649Neutral
HK:139337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HK:1088 | 65Neutral | HKD 1.26T | 18.77 | 13.04% | 5.46% | 33.71% | 12.81% |
| HK:1898 | 58Neutral | HKD 190.40B | 10.18 | 11.02% | 4.74% | -11.15% | 7.69% |
| HK:0975 | 55Neutral | HKD 7.18B | 7.87 | 9.27% | ― | 26.12% | 46.57% |
| HK:0639 | 49Neutral | HKD 12.96B | 15.43 | 4.97% | 6.28% | 32.98% | -24.54% |
| HK:0866 | 49Neutral | HKD 5.01B | 15.16 | 12.52% | 1.05% | -13.48% | -22.50% |
| HK:1393 | 37Underperform | HKD 92.11M | -0.14 | -141.19% | ― | -17.39% | -5.91% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0866 | China Qinfa Group Ltd. | 1.91 | -1.24 | -39.33% | |
| HK:1898 | China Coal Energy Co Class H | 9.74 | -1.17 | -10.71% | |
| HK:1088 | China Shenhua Energy Co Class H | 42.56 | 3.40 | 8.69% | |
| HK:0975 | Mongolian Mining Corporation | 7.02 | -4.47 | -38.90% | |
| HK:1393 | Hidili Industry International Development Limited | 0.02 | -0.04 | -69.23% | |
| HK:0639 | Shougang Fushan Resources Group Limited | 2.54 | -0.37 | -12.57% |
China Qinfa Group Ltd. Corporate Events
China Qinfa Group Doubles Indonesian Coal Output and Boosts Overseas Trading
China Qinfa Group Limited has reported a sharp increase in coal output at its Sumber Daya Energi operation in South Kalimantan, Indonesia for the nine months ended 30 September 2026. Raw coal production more than doubled year-on-year to 7.07 million...
China Qinfa Ties 57.9 Million Share Options to Aggressive Coal Production Targets
China Qinfa Group Limited has granted 57.9 million share options under its 2018 share option scheme to selected employees, exercisable between May 2029 and September 2036 at an exercise price of HK$2.295 per share. The options carry a nominal accepta...
China Qinfa Delivers Profit Surge in First-Half 2026 but Holds Back Dividend
China Qinfa Group Limited reported a strong set of interim results for the six months ended 30 June 2026, with revenue from continuing operations rising 8.2 per cent year-on-year to RMB1,179 million and gross profit nearly doubling. The Group’s...
China Qinfa Group Subsidiary Strikes Connected Coal Supply Deal With Zhejiang Energy Asia Pacific
China Qinfa Group’s subsidiary Far Link has signed a coal supply agreement with Zhejiang Energy Asia Pacific for Indonesian steam coal deliveries through the end of 2026. The deal covers a tentative total of 1,900,000 metric tonnes of coal of d...
China Qinfa Group Sets August Board Meeting to Review Interim Results
China Qinfa Group Limited has scheduled a board meeting in Hong Kong on 25 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider whether to recommend the payment of an interim divide...
China Qinfa Group Flags Sharp Interim Profit Surge on Strong Coal Prices and Output
China Qinfa Group Limited has issued a positive profit alert, indicating it expects to post profit after tax of up to RMB290 million for the six months ended 30 June 2026, sharply higher than the RMB31 million recorded a year earlier. The surge is dr...
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: Aug 25, 2026