Min Xin Holdings Limited

Min Xin Holdings Limited

HHKEX:222
2.54
HKD
+0.06
(+2.21%)
2.17BMarket Cap
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
0.2
0.31
0.29
0.29
1.72
1.68
0.17
0.26
0.34
0.39
0.39
0.4
0.43
- -
Basic EPS, GAAP
1.2
1.02
1.03
0.57
0.96
0.97
0.96
0.73
0.83
0.77
0.07
0.15
0.2
- -
Free Cash Flow per Basic Share
-0.1
-0.44
-0.06
0.02
-0.37
0.14
-0.05
0.02
0.05
0.07
-0.03
-0.04
0.09
- -
Dividend per Share
0.09
0.05
0.05
0.05
0.06
0.08
0.1
0.1
0.1
0.12
0.12
0.09
- -
- -
Book Value per Share
8.51
10.41
10.99
10.35
10.9
11.27
11.79
12.72
14.59
13.83
13.51
13.09
13.93
13.93
Tangible Book Value per Share
8.51
10.41
10.99
10.35
10.9
11.27
11.79
12.72
14.59
13.83
13.51
13.09
13.93
13.93
Basic Weighted Avg Shares
463
463
463
463
537
597
597
597
597
597
597
597
597
597
Sales/Revenue/Turnover
92
145
135
132
925
1,005
102
155
205
231
232
236
259
- -
Operating Margin (%)
3.23
13.38
-73.88
-92.81
-0.45
-0.09
-3.76
6.51
11.48
6.61
-3.13
4.26
16.42
- -
Depreciation Expense
1
1
1
1
2
2
2
2
2
2
2
3
3
- -
Net Income, GAAP
556
473
477
266
517
578
571
436
496
457
39
88
120
- -
Effective Tax Rate (%)
3.18
3.77
1.79
2.38
3.73
5.31
3.72
7.65
2.75
3.28
- -
7.56
7.13
- -
Profit Margin (%)
601.52
325.55
354.36
201.45
55.88
57.53
561.81
281.24
242.08
197.65
17
37.1
46.13
- -
Working Capital
904
982
1,458
569
1,227
989
784
798
1,293
578
597
569
467
467
LT Debt
- -
- -
502
553
198
200
350
100
598
199
199
79
85
85
Total Equity
3,936
4,816
5,083
4,787
6,511
6,732
7,043
7,598
8,713
8,261
8,069
7,818
8,318
8,318
Return on Invested Capital (%)
4.95
0.92
-0.39
-2.7
0.81
0.26
0.43
0.47
0.65
0.18
- -
0.09
0.69
- -
Return on Capital (%)
14.04
10.06
8.83
5.06
8.37
8.49
8.06
5.75
5.63
5.07
- -
1.46
1.74
- -
Return on Common Equity (%)
14.38
10.8
9.64
5.38
9.15
8.73
8.3
5.96
6.08
5.38
0.48
1.1
1.48
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
760
849
783
LT Borrowings
78
- -
83
LT Finance Leases
1
1
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
597
597
597
Market Capitalization
1,374
1,254
2,174

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,545
1,426
1,452
Cash, Cash Equivalents & STI
1,117
1,276
1,297
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
975
1,083
985
Payables & Accruals
- -
- -
- -
ST Debt
760
849
783
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.65%
2.09%
6.4%
Free Cash Flow
-267.2%
-42.01%
-317.92%
Net Income, GAAP
11.06%
14.68%
36.38%
Sales/Revenue/Turnover
62.74%
11.38%
9.68%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
232
2024
- -
- -
236
2025
- -
- -
259

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.07
2024
- -
- -
0.15
2025
- -
- -
0.2

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.12
2024
- -
- -
0.09
2025
- -
- -
- -

Company Description

CEO
Ying Chen
Full Time Employees
73
Sector
Finance
Industry
Insurance brokers/Services
Address
Fairmont House Hong Kong Hong Kong
IPO Date
Jun 28, 1982
Business
Min Xin Holdings Limited is an investment holding company engaged in financial services, insurance, property investment, and strategic investments primarily in Hong Kong, Mainland China, and Macau. The company operates through five main segments: financial services, which include banking business via its major associate Xiamen International Bank Co., Ltd. (XIB) and its subsidiaries Chiyu Banking Corporation Limited and Luso International Banking Ltd. in Mainland China, Hong Kong, and Macau respectively, as well as micro credit and entrusted loans in Mainland China; insurance, encompassing general insurance underwriting through Min Xin Insurance Company Limited in Hong Kong and Macau; property investment, involving the leasing of high-quality office space and parking facilities in Fuzhou, Fujian Province, Mainland China; strategic investments, comprising holdings in A-shares of Huaneng Power International, Inc., high-tech investments, subordinated capital securities, and bonds; and other corporate activities. Founded in 1980 and headquartered at 17th Floor, Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong, the company serves small and medium-sized enterprises, individuals, and institutional clients across the Greater China region, with XIB representing its largest asset contributing approximately 71% of total assets. Min Xin Holdings is a subsidiary of Vigour Fine Company Limited. Recent developments include a HK$60 million capital injection into Min Xin Insurance Company Limited during the first half of 2025 to support long-term growth, with another HK$60 million planned for 2026; Min Xin Insurance maintained its B++ (Good) Financial Strength Rating and bbb+ (Good) Long-Term Issuer Credit Rating from AM Best with a stable outlook as of June 30, 2025. In July 2024, subsidiary Fujian Minxin Investment Co., Ltd. entered a partnership agreement as a limited partner with Zijin Mining Equity Investment Management (Xiamen) Co., Ltd. and others, committing RMB40 million to a new partnership focused on equity investments. The paid-in capital of Sanming Sanyuan District Minxin Micro Credit Company Limited was reduced from RMB300 million to RMB180 million in April 2024, with a further RMB40 million reduction application submitted in 2025 pending approval; this micro credit entity continues recovery efforts on impaired loans totaling RMB138.37 million as of June 30, 2025. XIB, in which the group holds a significant stake, reported steady asset growth to RMB1,152.53 billion in the first half of 2025 and ranked 160th in total assets among the world's top 1,000 banks; Wang Fei, chairman of Min Xin Holdings, was appointed party committee secretary of XIB in June 2025 and elected chairman in August 2025 subject to regulatory approval. The group's total assets reached HK$9.34 billion as of June 30, 2025, up 4.7% from year-end 2024, with profit attributable to shareholders rising 94.9% to HK$64.87 million for the first half of 2025.