1. China Stocks

  2. •

    Retail trade

  3. •

    Specialty stores
XXF Group Holdings Limited

XXF Group Holdings Limited

HHKEX:2473
0.24
HKD
-0.03
(-12.00%)
12.36BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.48
0.76
0.74
1.19
0.95
1.2
- -
Basic EPS, GAAP
0.01
0.02
0.05
0.1
0.03
0.03
- -
Free Cash Flow per Basic Share
0.03
-0.09
-0.14
-0.19
-0.22
-0.34
- -
Dividend per Share
0.15
- -
- -
- -
- -
- -
- -
Book Value per Share
0.26
0.28
0.32
0.5
0.53
0.56
0.56
Tangible Book Value per Share
0.24
0.27
0.31
0.49
0.52
0.55
0.55
Basic Weighted Avg Shares
1,547
1,547
1,547
1,094
1,547
1,547
1,547
Sales/Revenue/Turnover
750
1,171
1,142
1,304
1,464
1,862
- -
Operating Margin (%)
19.17
14.83
17.03
15.54
14.98
12.85
- -
Depreciation Expense
97
117
112
126
144
153
- -
Net Income, GAAP
12
34
79
110
40
46
- -
Effective Tax Rate (%)
51.1
28.65
16.01
15.41
25.56
21.64
- -
Profit Margin (%)
1.65
2.91
6.91
8.45
2.73
2.46
- -
Working Capital
-58
-147
42
267
323
367
367
LT Debt
460
665
893
954
1,135
1,329
1,329
Total Equity
408
444
507
781
828
878
878
Return on Invested Capital (%)
- -
6.65
9.61
10.02
5.43
5.26
- -
Return on Capital (%)
- -
7.19
9.9
10.16
5.52
5.33
- -
Return on Common Equity (%)
- -
8.2
16.87
17.28
5
5.41
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,158
1,193
1,471
LT Borrowings
1,130
1,256
1,323
LT Finance Leases
5
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,547
1,547
1,547
Market Capitalization
6,628
8,823
11,106

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,665
1,691
1,983
Cash, Cash Equivalents & STI
341
334
372
Accounts Receivable, Net
15
15
76
Inventories
172
153
255
Total Current Liabilities
1,342
1,292
1,616
Payables & Accruals
- -
- -
- -
ST Debt
1,158
1,193
1,471
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.83%
6.05%
Free Cash Flow
- -
-37.92%
59.39%
Net Income, GAAP
- -
59.69%
14.72%
Sales/Revenue/Turnover
- -
21.48%
27.21%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,304
2024
- -
- -
1,464
2025
- -
- -
1,862

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.1
2024
- -
- -
0.03
2025
- -
- -
0.03

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Wei Huang
Full Time Employees
1,273
Sector
Retail trade
Industry
Specialty stores
Address
Building 3 Fuzhou FU China 350114
IPO Date
Nov 9, 2023
Website
xxfqc.com
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Business
XXF Group Holdings Ltd is a Cayman Islands-incorporated investment holding company principally engaged in automobile retail and finance leasing services through self-operated outlets primarily targeting tier-two, tier-three and below cities in the People's Republic of China (PRC). Founded in 2007 and headquartered in Fuzhou, Fujian province, the company offers non-luxury automobiles from over 50 brands mainly via direct finance leases to individual customers; operating lease services including short- and long-term rentals for personal, business, enterprise and net-about car operations through platforms such as Xidi Auto Service and Yueye Car Rental; automobile-related services encompassing aftermarket platforms connecting users to over 7,000 third-party service outlets nationwide, insurance agency, IT solutions and used car exports to 18 countries across Central Asia, Southeast Asia, Middle East and beyond. Its nationwide network comprises over 110 straight-operated sales stores, 133 subsidiaries and coverage across 25 provincial regions, supported by proprietary risk management systems utilizing GPS tracking, credit analytics and data flows for pre- and post-lease monitoring. In November 2023, the company listed on the Main Board of The Stock Exchange of Hong Kong (ticker: 2473.HK), converting ordinary shares with redemption rights into ordinary shares and raising proceeds to bolster expansion; during 2023 it grew revenue 14.3% year-on-year to RMB1.30 billion driven by heightened sales efforts, new outlets and national auto consumption policies, while achieving net profit growth of 42.5% to RMB109.8 million amid COVID recovery and fair value gains; in early 2024 it secured increased credit facilities to support ongoing development; as of mid-2025 net current assets rose to RMB398.6 million reflecting liquidity strength.