Want to see HK:2473 full AI Analyst Report?
XXF Group Holdings Ltd. (2473) AI Stock Analysis
Top Page
XXF Group Holdings Ltd.
(HKEX:2473)
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.
XXF Group Holdings Ltd. (2473) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 473.34M
- Dividend Yield
- ―
- Average Volume (3M)
- 55.07M
- Price to Earnings (P/E)
- 8.5
- Beta (1Y)
- 1.31
- Revenue Growth
- 21.46%
- EPS Growth
- -3.69%
- Country
- Hong Kong
- Employees
- 1,273
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Credit Services
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 lease...
XXF Group Holdings Ltd. Financial Statement Overview
Summary
Income statement shows a strong 2025 revenue rebound, but profitability has deteriorated materially (net margin down to ~2.5% from ~8.5% in 2023). The balance sheet is highly leveraged (debt-to-equity ~3.2x) with modest ROE (~5%). Cash flow is the biggest concern: operating cash flow is negative in recent years and free cash flow has been consistently negative (2021–2025), increasing funding and liquidity risk.
Income Statement
62PositiveBalance Sheet
44NeutralCash Flow
24Negative| 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
Price Trends
Market Momentum
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 0.26 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.39, and below the 200-day MA of 1.68, 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 21.88 is Neutral, 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
Overall Rating
HK:200353Neutral- HK:247345Neutral
HK:823945Neutral
HK:062844Neutral
HK:205138Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:2003 | 53Neutral | HKD 554.16M | -0.62 | -19.32% | 21.93% | -32.03% | -235.24% |
| HK:2473 | 45Neutral | HKD 473.34M | 8.52 | 4.06% | ― | 21.46% | -3.69% |
| HK:8239 | 45Neutral | HKD 2.92B | -90.85 | -190.90% | ― | 31.07% | -57.47% |
| HK:0628 | 44Neutral | HKD 1.27B | 10.83 | 3.61% | ― | 26.14% | 90.63% |
| HK:2051 | 38Underperform | HKD 472.70M | -2.39 | -24.06% | ― | 33.07% | -135.86% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2473 | XXF Group Holdings Ltd. | 0.26 | -9.38 | -97.35% | |
| HK:0628 | Gome Finance Technology Co | 0.24 | 0.02 | 6.99% | |
| HK:3903 | Hanhua Financial Holding Co., Ltd. Class H | 0.17 | 0.00 | 0.00% | |
| HK:2051 | 51 Credit Card Inc. | 0.29 | -0.23 | -44.23% | |
| HK:2003 | VCREDIT Holdings Limited | 1.14 | -1.78 | -60.96% | |
| HK:8239 | Capital Finance Holdings Limited | 3.73 | 2.58 | 224.35% |
XXF Group Holdings Ltd. Corporate Events
XXF Group reshapes board and committee leadership ahead of director retirements
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 commitmen...
XXF Group Holdings Sets Out Board and Committee Structure
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 clarifies l...
XXF Group Extends Deadline for Completion of Proposed Acquisition
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 specifi...
XXF Group Wins Strong Shareholder Backing for Sale-and-Leaseback Plan
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 relate...
XXF Group Calls EGM to Approve Sale-and-Leaseback Deal
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 appoint p...
XXF Group’s First-Half Profit Drops Amid Pressure in China’s Passenger Vehicle Market
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 million...
XXF Group’s New Asset Sale‑Leaseback Deal Classified as Major Transaction
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 of...
XXF Group Sets Board Meeting to Approve Interim Results
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 routin...
XXF Group Sees Lower First-Half Profit as China Auto Slump Offsets Export Gains
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 op...
XXF Group Plans Share-Financed Acquisition to Enter PRC Auto Service Market
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 in n...
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 24, 2026