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    Finance/Rental/Leasing
China Development Bank Financial Leasing Co. Ltd. Class H

China Development Bank Financial Leasing Co. Ltd. Class H

HHKEX:1606
1.54
HKD
+0.03
(+1.99%)
21.74BMarket Cap
Mar 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.88
0.9
0.84
0.98
0.93
1.08
1.31
1.4
1.69
1.8
1.82
2.01
1.95
- -
Basic EPS, GAAP
0.15
0.15
0.08
0.14
0.17
0.2
0.23
0.26
0.31
0.27
0.33
0.36
0.4
- -
Free Cash Flow per Basic Share
- -
-0.81
0.19
-0.61
-0.99
-0.24
-0.83
0.86
-0.07
0.24
3.69
-1.78
0.37
- -
Dividend per Share
- -
- -
0.01
- -
0.06
0.08
0.09
0.1
0.07
0.1
0.07
0.1
0.09
- -
Book Value per Share
0.96
1.11
1.19
7.1
6.8
1.91
2.03
2.11
2.38
2.71
2.95
3.18
3.48
3.48
Tangible Book Value per Share
0.92
1.08
1.15
6.96
6.68
1.85
1.88
1.98
2.27
2.61
2.86
3.11
3.41
3.41
Basic Weighted Avg Shares
12,600
12,600
12,600
10,986
12,642
12,642
12,642
12,642
12,642
12,642
12,642
12,642
12,642
12,642
Sales/Revenue/Turnover
11,049
11,325
10,641
10,817
11,800
13,621
16,524
17,720
21,364
22,764
23,006
25,435
24,611
- -
Operating Margin (%)
72.85
78.85
76.57
72.98
72.04
73.59
71.04
71.05
72.1
66.96
63.17
62.47
58.38
- -
Depreciation Expense
1,988
1,860
2,035
2,477
2,702
2,989
3,738
4,134
4,349
5,381
6,097
7,102
7,745
- -
Net Income, GAAP
1,887
1,916
1,053
1,561
2,131
2,507
2,938
3,268
3,922
3,351
4,150
4,503
5,030
- -
Effective Tax Rate (%)
24.5
19.48
19.01
24.49
24.11
23.43
26.41
28.69
29.15
32.41
23.41
24.98
22.05
- -
Profit Margin (%)
17.08
16.92
9.89
14.43
18.06
18.41
17.78
18.44
18.36
14.72
18.04
17.7
20.44
- -
Working Capital
105,601
99,689
27,494
29,660
32,925
31,354
23,182
8,748
5,636
25,499
37,364
32,778
8,260
8,260
LT Debt
112,566
109,977
49,112
47,618
51,076
63,050
63,946
67,803
62,116
89,136
108,030
115,850
87,986
87,986
Total Equity
12,129
14,010
14,993
22,302
23,509
24,203
25,669
26,629
30,107
34,283
37,282
40,264
43,975
43,975
Return on Invested Capital (%)
- -
5.22
4.08
3.78
3.91
3.71
3.3
3.24
3.35
2.74
3.08
3.71
2.97
- -
Return on Capital (%)
- -
5.31
3.82
3.3
3.63
3.94
3.52
3.11
3.16
2.7
3.39
3.73
3.08
- -
Return on Common Equity (%)
- -
14.66
7.26
8.37
9.3
10.51
11.78
12.5
13.83
10.41
11.6
11.61
11.94
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
227,826
249,739
279,033
LT Borrowings
115,030
104,052
87,180
LT Finance Leases
819
781
807
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12,642
12,642
12,642
Market Capitalization
16,631
20,075
19,539

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
265,685
278,774
291,822
Cash, Cash Equivalents & STI
10,363
22,836
31,915
Accounts Receivable, Net
202,639
200,563
207,194
Inventories
- -
- -
- -
Total Current Liabilities
232,907
254,865
283,561
Payables & Accruals
- -
- -
- -
ST Debt
227,826
249,739
279,033
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.98%
10.58%
9.22%
Free Cash Flow
25.91%
117.37%
-121%
Net Income, GAAP
18.04%
9.9%
11.71%
Sales/Revenue/Turnover
9.02%
7.1%
-3.24%
Total Cash Common Dividend
- -
2.82%
-13.97%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
23,006
2024
- -
- -
25,435
2025
- -
- -
24,611

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.33
2024
- -
- -
0.36
2025
- -
- -
0.4

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.07
2024
- -
- -
0.1
2025
- -
- -
0.09

Company Description

Company Profile APIChatGPT
CEO
Zhuang Dingliang
Full Time Employees
612
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Guoyin Financial Center Building Shenzhen GD China 518026
IPO Date
Jul 11, 2016
Website
cdb-leasing.com
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Business
China Development Bank Financial Leasing Co., Ltd. (1606.HK) operates as China's leading financial leasing company, providing comprehensive finance and operating leasing services across aviation, shipping, regional development, inclusive finance, green energy, and high-end equipment manufacturing segments. Founded in 1984 and headquartered in Shenzhen, China, the company serves as the sole leasing platform of its parent, China Development Bank, with a registered capital of RMB12.64238 billion; it was the first financial leasing firm listed in China on the Hong Kong Stock Exchange in 2016 and maintains quasi-sovereign credit ratings of A1 from Moody’s, A from Standard & Poor’s, and A from Fitch. Its core offerings include aircraft leasing, involving acquisition, management, and sales of commercial aircraft through subsidiaries like CDB Aviation; ship leasing for maritime vessels; regional development leasing for urban transportation facilities and key industrial equipment aligned with national policies; inclusive finance leasing for vehicles and construction machinery targeting small and medium enterprises; and green energy and high-end equipment leasing for energy infrastructure and advanced manufacturing assets, with operations and partners spanning over 40 countries worldwide. In recent developments, the company expanded into the information technology leasing market in 2025 by acquiring 1,198 units of computer equipment for RMB1.04 billion, enhancing its position in operating leases for technological infrastructure in line with China's national strategies. It also accelerated aircraft order placements in 2024-2025, completing deliveries to major clients such as China Southern Airlines and Turkish Airlines while streamlining its 2025 order book through CDB Aviation, which reported strong momentum from prior cost management initiatives. These moves underscore ongoing business diversification, international growth, and alignment with priorities like the Belt and Road Initiative and dual carbon goals, sustaining asset growth, non-performing ratios below 1%, and average ROE above 10%.