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XXF Group Holdings Ltd.
(2473)
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Rating:45Neutral
Price Target:
HK$0.26
▼(-96.63% Downside)
Action:Reiterated
Date:10/24/26
The score is held down primarily by weak financial quality—persistent negative operating/free cash flow and high leverage outweigh the benefit of the 2025 revenue rebound. Technicals are also bearish with the stock trading below all major moving averages and negative MACD, despite oversold readings. Valuation is a partial offset given the low P/E, but it does not fully compensate for funding and cash-generation risks.
Positive Factors
Revenue Rebound
The strong 2025 revenue rebound shows that the company can re-accelerate its top line after a weaker period. If this recovery persists, higher business volume could improve operating leverage, support reinvestment, and strengthen the platform for future earnings growth.
Negative Factors
High Leverage
The elevated and rising leverage profile reduces financial flexibility for a credit-services business, where funding conditions can change quickly. High debt also increases dependence on continued access to financing and leaves less capacity to absorb weaker earnings or operational disruption.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The strong 2025 revenue rebound shows that the company can re-accelerate its top line after a weaker period. If this recovery persists, higher business volume could improve operating leverage, support reinvestment, and strengthen the platform for future earnings growth.
Read all positive factors
XXF Group Holdings Ltd. (2473) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$473.34M
Dividend YieldN/A
Average Volume (3M)37.23M
Price to Earnings (P/E)8.5
Beta (1Y)1.31
Revenue Growth21.46%
EPS Growth-3.69%
CountryHK
Employees1,273
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding1,856,250,000
10 Day Avg. Volume69,836,500
30 Day Avg. Volume37,228,727
Financial Highlights & Ratios
PEG Ratio14.60
Price to Book (P/B)12.72
Price to Sales (P/S)7.15
P/FCF Ratio-20.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
XXF Group Holdings Ltd. Business Overview & Revenue Model
Company Description
XXF Group Holdings Ltd. functions as an automotive retailer within the People's Republic of China, predominantly delivering vehicle finance leasing solutions through its proprietary sales network. The company's services encompass direct finance le...
XXF Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
44
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.69B | 1.55B | 1.17B | 1.01B | 879.03M | 936.70M |
| Gross Profit | 451.58M | 463.41M | 422.72M | 406.43M | 374.45M | 351.94M |
| EBITDA | 392.48M | 388.16M | 358.99M | 324.82M | 301.48M | 284.42M |
| Net Income | 40.67M | 45.85M | 39.97M | 110.25M | 78.91M | 34.11M |
Balance Sheet | ||||||
| Total Assets | 3.90B | 3.83B | 3.31B | 2.92B | 2.60B | 2.20B |
| Cash, Cash Equivalents and Short-Term Investments | 450.05M | 375.90M | 340.60M | 286.88M | 219.61M | 103.65M |
| Total Debt | 2.60B | 2.80B | 2.29B | 1.88B | 1.73B | 1.40B |
| Total Liabilities | 2.76B | 2.95B | 2.48B | 2.14B | 2.09B | 1.76B |
| Stockholders Equity | 1.13B | 872.65M | 822.13M | 775.49M | 500.24M | 435.30M |
Cash Flow | ||||||
| Free Cash Flow | -216.23M | -530.43M | -332.78M | -203.20M | -223.18M | -134.52M |
| Operating Cash Flow | -100.74M | -310.63M | -188.07M | 1.32M | -74.00M | -77.41M |
| Investing Cash Flow | -111.08M | -171.39M | -133.72M | -163.32M | -119.13M | -58.17M |
| Financing Cash Flow | 318.84M | 513.78M | 394.55M | 228.55M | 314.83M | 203.07M |
XXF Group Holdings Ltd. Technical Analysis
Negative
7.81
Price Trends
0.39
Negative
0.48
Negative
1.72
Negative
Market Momentum
-0.04
Positive
28.52
Positive
16.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2473, the sentiment is Negative. The current price of 7.81 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.39, and above the 200-day MA of 1.72, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 28.52 is Positive, neither overbought nor oversold. The STOCH value of 16.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2473.
XXF Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | HK$1.27B | 10.83 | 3.61% | 12.05% | 26.14% | 90.63% | |
54 Neutral | HK$472.70M | -2.39 | -24.06% | ― | 33.07% | -135.86% | |
53 Neutral | HK$554.16M | -0.62 | -19.32% | 21.74% | -32.03% | -235.24% | |
45 Neutral | HK$473.34M | 8.52 | 4.06% | ― | 21.46% | -3.69% | |
45 Neutral | HK$2.92B | -90.85 | -190.90% | ― | 31.07% | -57.47% |
* Financial Sector Average
HK:2473
XXF Group Holdings Ltd.
0.26
-9.25
-97.32%
HK:0628
Gome Finance Technology Co
0.25
0.01
6.52%
HK:3903
Hanhua Financial Holding Co., Ltd. Class H
0.17
0.00
0.00%
HK:2051
51 Credit Card Inc.
0.29
-0.25
-46.30%
HK:2003
VCREDIT Holdings Limited
1.14
-1.73
-60.28%
HK:8239
Capital Finance Holdings Limited
3.73
2.38
176.30%
XXF Group Holdings Ltd. Corporate Events
XXF Group reshapes board and committee leadership ahead of director retirements
Oct 15, 2026
XXF Group Holdings has announced a broad reshuffle of its board and governance roles, effective from mid-October and early November 2026. Executive director Ms. Zhang and non-executive director Mr. Liu have stepped down to focus on personal commit...
XXF Group Holdings Sets Out Board and Committee Structure
Oct 15, 2026
XXF Group Holdings Limited has announced the current composition of its board of directors, detailing the roles of executive and independent non-executive members and their responsibilities within key governance committees. The disclosure clarifie...
XXF Group Extends Deadline for Completion of Proposed Acquisition
Sep 30, 2026
XXF Group Holdings Ltd. has announced an extension of the long stop date for completing its proposed acquisition of 100% of the issued share capital of a target company, which will be paid for through the issue of consideration shares under a spec...
XXF Group Wins Strong Shareholder Backing for Sale-and-Leaseback Plan
Sep 24, 2026
XXF Group Holdings Ltd. secured shareholder approval at an extraordinary general meeting on 24 September 2026 for a set of sale and leaseback agreements, with over 99% of votes cast in favor. The resolution also authorizes the board to execute rel...
XXF Group Calls EGM to Approve Sale-and-Leaseback Deal
Sep 7, 2026
XXF Group Holdings Ltd. has convened an extraordinary general meeting to be held in Fuzhou, Fujian Province, on 24 September 2026, with the register of members closed from 21 to 24 September to determine voting eligibility. Shareholders may appoin...
XXF Group’s First-Half Profit Drops Amid Pressure in China’s Passenger Vehicle Market
Aug 20, 2026
XXF Group Holdings Ltd. reported interim unaudited results for the six months ended 30 June 2026 showing largely stable revenue but weaker profitability. Revenue dipped 1.0% year-on-year to RMB761.3 million, gross profit fell 3.8% to RMB222.1 mill...
XXF Group’s New Asset Sale‑Leaseback Deal Classified as Major Transaction
Aug 19, 2026
XXF Group Holdings Ltd. has entered into new sale and leaseback arrangements under which its subsidiary XXF Group and certain units will sell automobile assets to a lessor for about RMB4.70 million, then lease them back for 48 months at total rent...
XXF Group Sets Board Meeting to Approve Interim Results
Aug 10, 2026
XXF Group Holdings Ltd. has scheduled a board meeting for 20 August 2026 to review and approve the group’s interim financial results for the six months ended 30 June 2026. The meeting will also address other corporate matters, signalling rou...
XXF Group Sees Lower First-Half Profit as China Auto Slump Offsets Export Gains
Aug 7, 2026
XXF Group Holdings Ltd. expects profit attributable to owners for the first half of 2026 to fall to about RMB16.5 million to RMB18.0 million, down from RMB22.5 million a year earlier, as revenue from its higher-margin automobile retail and finance...
XXF Group Plans Share-Financed Acquisition to Enter PRC Auto Service Market
Aug 4, 2026
XXF Group Holdings Ltd. has agreed to acquire 100% of the issued share capital of a target company that ultimately controls NTS and its majority interest in Xinqite, a PRC-based automotive service chain, for HK$149,986,000 to be settled entirely i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.