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Qidian International Co., Ltd.
(1280)
Qidian International Co., Ltd. (1280) vs. iShares MSCI Hong Kong ETF (EWH)
Qidian International Co., Ltd. Business Overview & Revenue Model
Qidian International Co., Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 319.81M | 262.35M | 301.17M | 351.73M | 470.73M | Gross Profit |
| 61.75M | 38.70M | 37.06M | 23.96M | 40.51M | EBIT |
| 85.44M | -57.74M | -41.12M | -70.02M | -105.14M | EBITDA |
| 80.85M | -89.81M | -6.66M | -64.81M | -98.18M | Net Income Common Stockholders |
| 55.85M | -136.77M | -60.04M | -83.21M | -108.84M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 162.30M | 9.21M | 15.27M | 37.27M | 24.39M | Total Assets |
| 313.66M | 238.44M | 360.47M | 414.66M | 475.66M | Total Debt |
| 492.94M | 461.24M | 450.57M | 477.42M | 493.79M | Net Debt |
| 330.64M | 452.88M | 435.95M | 440.96M | 470.11M | Total Liabilities |
| 729.76M | 709.15M | 693.37M | 720.13M | 755.46M | Stockholders Equity |
| -432.65M | -488.50M | -351.74M | -326.45M | -302.52M |
| Cash Flow | Free Cash Flow | |||
| 43.56M | -31.94M | 5.40M | -6.31M | -2.46M | Operating Cash Flow |
| 43.68M | -31.89M | 6.21M | -5.50M | -2.09M | Investing Cash Flow |
| 66.09M | 231.00K | -655.00K | 4.16M | -1.29M | Financing Cash Flow |
| 44.17M | 25.40M | -27.39M | 14.13M | -21.72M |
Qidian International Co., Ltd. Technical Analysis
Qidian International Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $6.94B | 11.34 | 2.80% | 4.26% | 2.68% | -24.70% | |
39 Underperform | HK$6.16B | ― | ― | 35.91% | -1025.54% | ||
| $595.85B | 21.79 | 21.25% | 0.87% | ― | ― | ||
| $234.87M | ― | ― | ― | ― | |||
| €8.89M | ― | -153.93% | ― | ― | ― | ||
| €1.91B | 15.91 | 19.23% | 1.72% | ― | ― | ||
63 Neutral | HK$8.13B | 172.91 | 6.56% | ― | 78.59% | ― |
Qidian International Co., Ltd. Corporate Events
Qidian International Co., Ltd. has provided an update on legal proceedings involving its subsidiary, Anhui Four Seas. The court has ruled that if Yangzhou Huiyin Commercial Chain fails to meet its payment obligations, the court will enforce a judicial auction of the pledged 65% equity interest in Anhui Four Seas, prioritizing payment to the plaintiff, Huainan Jianle. This enforcement is considered a ‘forced sale’ and is not subject to the transaction requirements of Chapter 14 of the Listing Rules.
Qidian International Co., Ltd. has announced updates on legal proceedings involving its subsidiary, Anhui Four Seas. The company is currently dealing with two legal cases: the Haihuitong Litigation and the Huainan Jianle Lawsuit. The Haihuitong Litigation involves an appeal against a judgment that prevents dealing with 65% equity interests of Anhui Four Seas. In the Huainan Jianle Lawsuit, Yangzhou Huiyin Commercial Chain has been ordered to pay RMB61,076,715 to Huainan Jianle, with the possibility of auctioning or selling the 65% equity interest in Anhui Four Seas if the payment is not made. This potential disposal is considered a major transaction under the Listing Rules, requiring shareholder approval.
China Qidian Guofeng Holdings Limited has announced a change in its company secretary and authorized representative. Ms. Mu Weiwei has resigned from her position, and Ms. Zheng Xuci has been appointed as her successor. Ms. Zheng brings over a decade of experience in corporate secretarial and investor relations, having previously worked in various roles related to market capitalization management and strategic investment. This change is expected to enhance the company’s governance and compliance capabilities, potentially impacting its operational efficiency and stakeholder relations positively.
China Qidian Guofeng Holdings Limited, incorporated in the Cayman Islands, held its Annual General Meeting on May 12, 2025, where all proposed ordinary resolutions were approved by shareholders. These resolutions included the re-election of directors, authorization for the board to fix directors’ remuneration, reappointment of auditors, and mandates for share repurchase and issuance. The approval of these resolutions indicates strong shareholder support and positions the company for continued governance stability and operational flexibility.
Qidian International Co., Ltd. has announced the disposal of its entire equity interest in a target company, which previously functioned as an investment holding vehicle for subsidiaries engaged in the retail and bulk distribution of household appliances. The target company is now insolvent following the divestment of its subsidiaries. The transaction involves the assignment of significant inter-company loans, primarily from Yangzhou Laitai Trading Group Co., Ltd., to the target company, reflecting a strategic move to manage financial liabilities and restructure within the group.
Qidian International Co., Ltd. has issued a supplemental announcement regarding the litigation involving Anhui Four Seas. The Hanjiang District People’s Court of Yangzhou City has frozen 65% equity interests of Anhui Four Seas, held by Yangzhou Huiyin Commercial Chain, due to allegations by Nanjing Haihuitong. The Board of Qidian International has reviewed the allegations and maintains that the equity transfer was not gratuitous but part of a comprehensive assignment of rights and obligations, ensuring creditors’ interests were protected.
China Qidian Guofeng Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 12, 2025, in Shenzhen, China. The meeting will address several key agenda items, including the consideration of audited financial statements for the year ending December 31, 2024, the re-election of directors, and the authorization of director remuneration. Additionally, the AGM will discuss the re-appointment of CL Partners CPA Limited as auditors and grant mandates to the company’s directors for share repurchase and issuance. These resolutions, if passed, will empower the company to manage its share capital more flexibly, potentially impacting its market operations and shareholder value.
Qidian International Co., Ltd. reported a significant revenue increase of 38.2% for the year 2024, reaching approximately RMB442.0 million, driven by growth in liquor sales and education-related services. Despite the revenue growth, the company faced a substantial operating loss of approximately RMB2,218.7 million, attributed to impairment losses on goodwill and other financial challenges, marking a stark contrast to the previous year’s operating profit.
China Qidian Guofeng Holdings Limited has entered into a strategic cooperation agreement with Marketingforce Management Ltd to enhance its operations through AI technology. This collaboration will focus on applying AI in various business aspects, including short video live streaming, consumer AI assistance, and data analysis, particularly within the liquor industry. The partnership aims to drive business innovation, improve operational efficiency, and upgrade the company’s product offerings over a three-year term.
China Qidian Guofeng Holdings Limited, along with its subsidiaries, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant loss of approximately RMB2,222 million, a stark contrast to the RMB56 million profit recorded in the previous year. This downturn is primarily attributed to a goodwill impairment loss of around RMB2,183 million related to the acquisition of Shengshang Entrepreneurial Services Co., Ltd., and share award expenses of RMB8.67 million. The impairment arose from the disparity between the acquisition date fair value and the agreed value of the consideration shares issued for the acquisition. The company’s annual results are yet to be finalized and will be disclosed in March 2025.
China Qidian Guofeng Holdings Limited has announced a board meeting scheduled for March 28, 2025, to discuss the company’s final results for the fiscal year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment and other business matters, indicating potential financial decisions that could impact stakeholders.