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XXF Group Holdings Ltd.
(2473)
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Rating:48Neutral
Price Target:
HK$0.45
▼(-94.24% Downside)
Action:Upgraded
Date:06/17/26
The score is weighed down primarily by weak financial quality—persistent negative operating/free cash flow and high leverage—despite a sharp 2025 revenue rebound. Technically, the stock remains in a strong downtrend below all major moving averages with negative momentum. Valuation is only moderate (P/E ~17.9) and lacks dividend support, offering limited offset to the fundamental and technical risks.
Positive Factors
Revenue Rebound
The sharp 2025 revenue rebound shows the business can regain growth after a weaker period, indicating continued demand and operating reach. If this reacceleration persists, it could provide a broader base for earnings improvement and support scale benefits over the next several quarters.
Negative Factors
High and Rising Leverage
High and rising leverage reduces financial flexibility in a credit-services business where funding conditions can change quickly. Greater debt increases dependence on continued financing access, limits room for strategic investment, and makes earnings more vulnerable to balance-sheet pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp 2025 revenue rebound shows the business can regain growth after a weaker period, indicating continued demand and operating reach. If this reacceleration persists, it could provide a broader base for earnings improvement and support scale benefits over the next several quarters.
Read all positive factors
XXF Group Holdings Ltd. (2473) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$844.59M
Dividend YieldN/A
Average Volume (3M)54.27M
Price to Earnings (P/E)14.5
Beta (1Y)0.81
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. Volume37,891,000
30 Day Avg. Volume54,273,500
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 | 373.30M | 370.48M | 340.38M | 306.50M | 280.93M | 263.26M |
| 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 | -345.82M | -530.43M | -332.78M | -203.20M | -223.18M | -134.52M |
| Operating Cash Flow | -271.78M | -310.63M | -188.07M | 1.32M | -74.00M | -77.41M |
| Investing Cash Flow | -51.37M | -171.39M | -133.72M | -163.32M | -119.13M | -58.17M |
| Financing Cash Flow | 364.90M | 513.78M | 394.55M | 228.55M | 314.83M | 203.07M |
XXF Group Holdings Ltd. Technical Analysis
Negative
7.81
Price Trends
0.50
Negative
0.64
Negative
3.07
Negative
Market Momentum
>-0.01
Negative
46.23
Neutral
77.78
Neutral
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 0.45, above the 50-day MA of 0.50, and above the 200-day MA of 3.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 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
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% | |
61 Neutral | HK$1.74B | 13.37 | 3.61% | 12.05% | 26.14% | 90.63% | |
55 Neutral | HK$466.66M | -0.50 | -19.32% | 27.47% | -32.03% | -235.24% | |
52 Neutral | HK$2.06B | -55.87 | -226.07% | ― | 31.07% | -57.85% | |
48 Neutral | HK$844.59M | 14.48 | 4.06% | ― | 21.46% | -3.69% | |
43 Neutral | HK$627.54M | -3.08 | -24.06% | ― | 33.07% | -135.86% |
* Financial Sector Average
HK:2473
XXF Group Holdings Ltd.
0.43
-8.17
-95.00%
HK:0628
Gome Finance Technology Co
0.30
0.05
21.95%
HK:3903
Hanhua Financial Holding Co., Ltd. Class H
0.17
0.00
0.00%
HK:2051
51 Credit Card Inc.
0.37
-0.27
-42.19%
HK:2003
VCREDIT Holdings Limited
0.91
-2.25
-71.20%
HK:8239
Capital Finance Holdings Limited
21.74
14.11
184.93%
XXF Group Holdings Ltd. Corporate Events
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...
XXF Group Clarifies State-Linked Ownership of Lessor in Sale-Leaseback Deal
Jul 14, 2026
XXF Group Holdings Ltd. has issued a supplemental announcement to clarify the shareholding structure and ultimate beneficial ownership of the remaining 48.75% equity interest in the lessor involved in its previously disclosed sale and leaseback ag...
XXF Group Uses Short-Term Sale and Leaseback to Unlock Cash from Auto Assets
Jul 9, 2026
XXF Group Holdings Ltd. has entered into a short-term sale and leaseback deal involving its automobile assets, transferring vehicles with a net asset value of about RMB2.53 million to a lessor and leasing them back for three months at total rent o...
XXF Group Unlocks Cash via RMB4.98 Million Auto Sale-and-Leaseback
Jun 22, 2026
XXF Group has entered into a new sale-and-leaseback deal in which an indirect wholly owned subsidiary will sell certain automobiles to a lessor for about RMB4.98 million and lease them back for 24 months at a total rent of roughly RMB5.22 million....
XXF Group Wins Shareholder Backing for All AGM Resolutions and Capital Mandates
Jun 18, 2026
Shareholders of XXF Group Holdings Ltd. approved all resolutions at the annual general meeting held on 18 June 2026, including adoption of the 2025 audited financial statements and re-election of executive and independent non-executive directors. ...
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.