Zhongmiao Holdings (Qingdao) Co., Ltd. Class H

Zhongmiao Holdings (Qingdao) Co., Ltd. Class H

HHKEX:1471
11.00
HKD
0.00
(0.00%)
2.54BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.85
1.05
1.23
1.71
1.76
- -
Basic EPS, GAAP
0.19
0.27
0.29
0.39
0.37
- -
Free Cash Flow per Basic Share
0.17
0.19
0.14
0.25
0.63
- -
Dividend per Share
- -
- -
- -
- -
0.13
- -
Book Value per Share
1.81
2.08
2.59
4.25
4.48
4.48
Tangible Book Value per Share
1.81
2.08
2.59
4.25
3.32
3.32
Basic Weighted Avg Shares
141
141
141
120
141
141
Sales/Revenue/Turnover
120
148
174
206
248
- -
Operating Margin (%)
21.88
25.78
22.41
22.8
22.53
- -
Depreciation Expense
1
2
2
1
3
- -
Net Income, GAAP
27
38
40
47
52
- -
Effective Tax Rate (%)
17.22
20.27
18.8
18.76
14.22
- -
Profit Margin (%)
22.54
25.46
23.2
22.67
20.84
- -
Working Capital
248
284
223
452
559
559
LT Debt
- -
- -
- -
- -
88
88
Total Equity
257
293
363
598
738
738
Return on Invested Capital (%)
- -
13.08
11.78
9.56
7.97
- -
Return on Capital (%)
- -
14.27
12.73
9.8
6.58
- -
Return on Common Equity (%)
- -
13.75
12.26
9.67
8.39
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
88
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
141
141
141
Market Capitalization
1,491
1,953
2,287

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
489
543
674
Cash, Cash Equivalents & STI
432
464
562
Accounts Receivable, Net
42
56
49
Inventories
- -
- -
43
Total Current Liabilities
37
43
115
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
23.29%
Free Cash Flow
- -
- -
193.8%
Net Income, GAAP
- -
- -
10.81%
Sales/Revenue/Turnover
- -
- -
20.51%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
174
2024
- -
- -
206
2025
- -
- -
248

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.29
2024
- -
- -
0.39
2025
- -
- -
0.37

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.13

Company Description

CEO
Yao Lu
Full Time Employees
129
Sector
Finance
Industry
Insurance brokers/Services
Address
No. 1, Haier Road Qingdao SD China 260043
IPO Date
Aug 6, 2024
Business
Zhongmiao Holdings (Qingdao) Co Ltd Zhongmiao Holdings (Qingdao) Co Ltd operates as an insurance agency service and solution provider in the People's Republic of China. Founded in 2017 and headquartered at No. 1 Haier Road, Laoshan District, Qingdao, Shandong, the company conducts business through three primary segments: insurance agency business, IT services, and consulting services, with the majority of revenue derived from insurance agency activities. It distributes a comprehensive range of insurance products to corporate and household clients, including property insurance products; life and health insurance products such as中国人保金医保百万医疗险 and太保蓝医保长期医疗险; accident insurance products; and automobile insurance products, facilitated through insurance agents, over 70 insurer partnerships, 20 strategic channel partners, and online platforms covering provinces including Shandong, Hebei, Henan, and Jilin. The IT services segment delivers digitalized solutions encompassing insurance marketing and sales systems, insurance claims systems, online training systems, insurance intermediary core business systems like the Quan Zhanggui APP, and artificial intelligence service systems for certificate recognition and document processing. Consulting services primarily encompass human resources consulting and marketing promotion services targeted at insurers, insurance intermediaries, and various industries. As a subsidiary within the Haier Group ecosystem and the designated insurance agency provider for Haier following its acquisition of Haier Insurance Agency, Zhongmiao listed on the Hong Kong Stock Exchange in August 2024. In August 2025, the company strategically acquired a 55% stake in Kechuang Rongxin, a fintech firm specializing in banking software and data services, to expand into comprehensive fintech offerings, integrate insurance technology with banking systems for cross-industry products like bank-insurance risk management, leverage client synergies with state-owned and regional banks, and reduce reliance on its core insurance segment while enhancing scale and R&D capabilities.