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Chinese leasing conglomerate that owns Avolon (aircraft leasing) and Seaco (container leasing), among the world's largest lessors in each field.
Chinese leasing conglomerate that owns Avolon (aircraft leasing) and Seaco (container leasing), among the world's largest lessors in each field.
Collects rent: airlines lease aircraft for years at a time and shipping lines rent containers, so income follows the size and utilisation of its owned fleets. Aircraft, through Avolon, carry most of the group. Built up under the HNA conglomerate, which entered court-led restructuring in 2021.
In one line: A Chinese GE Capital-style leasing holding company.
Moat: narrow (scale, installed base). Large global leasing fleets in aircraft and containers give scale and diversification advantages.
Headquarters: Shenzhen, China
Size Bohai Leasing (000415.SZ) is a China Financials company (Finance/Rental/Leasing) with a market value of $4.44B, the 577th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.79 on 6 Nov 2026.
Performance Over six months the shares gained 2.4%, against -10.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 6.8% over the last twelve months (peer median +8.9%); the operating margin is 26.3% (peer median 31.4%).
Valuation It trades at 0.90× book value against a peer median of 2.01× (4th cheapest of 20).
Price implies The share price implies a return on equity of about 6.3%; Bohai Leasing delivers 17.8%, so the price asks less than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥50.0B | CN¥52.9B | CN¥38.4B | CN¥33.6B | CN¥31.9B |
| Revenue growth | — | +38% | +14% | +5% | — |
| Gross profit | CN¥21.5B | CN¥15.9B | CN¥15.5B | CN¥14.5B | CN¥11.9B |
| EBITDA | n/a | CN¥23.2B | CN¥23.5B | CN¥22.7B | CN¥19.8B |
| Net income | CN¥5.46B | -CN¥406M | CN¥904M | CN¥1.28B | -CN¥1.99B |
| Free cash flow | -CN¥1.82B | CN¥735M | CN¥7.07B | CN¥9.01B | CN¥5.48B |
| Capital expenditure | CN¥21.3B | CN¥23.3B | CN¥18.6B | CN¥16.7B | CN¥15.4B |
| Total debt | CN¥168B | CN¥179B | CN¥213B | CN¥196B | CN¥202B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bohai Leasing 000415.SZ | $4.44B | +2% | -7% | 18% | 0.90× | 6.3% |
| AerCap AER | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% |
| BOC Aviation 2588.HK | $7.09B | -3% | -2% | 12% | 1.01× | 6.2% |
| Willis Lease Finance WLFC | $992M | -37% | +22% | 10% | 1.47× | 11.2% |
| COSCO SHIPPING Development 601866.SS | $3.87B | -10% | -3% | 6% | 1.00× | 5.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000415.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.4% | -2.9% | 2nd highest of 21 |
| 6-month return | +2.4% | -10.4% | 7th highest of 21 |
| Return on equity | 17.9% | 11.5% | 5th highest of 20 |
| Price / book | 0.90× | 2.01× | 4th cheapest of 20 |
| Trailing P/E | 5.4× | 13.5× | cheapest of 19 |
| ROE the price implies | 6.3% | 23.7% | 5th least demanding of 20 |
| ROE delivered | 17.8% | 11.5% | 5th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bohai Leasing 000415.SZ | China | $4.44B | +2% | -7% | 18% | 0.90× | 6.3% | 17.8% |
| Poonawalla Fincorp POONAWALLA.NS | India | $4.42B | +4% | +77% | 9% | 3.02× | 47.4% | 9.2% |
| ACOM 8572.T | Japan | $4.38B | -12% | +7% | 9% | 0.96× | 5.6% | 9.3% |
| Blue Owl Technology Finance OTF | United States | $4.36B | -13% | +95% | 5% | 0.58× | 4.9% | 4.8% |
| Nelnet NNI | United States | $4.67B | +7% | -7% | 8% | 1.24× | 10.1% | 8.1% |
| Enova International ENVA | United States | $4.22B | -1% | +20% | 27% | 2.72× | 26.6% | 26.8% |
| Avis Budget CAR | United States | $4.20B | -18% | -1% | n/a | n/a | n/a | n/a |
| HDB Financial Services HDBFS.NS | India | $4.71B | -24% | +11% | 14% | 2.01× | 30.2% | 14.3% |
| Mahindra & Mahindra Financial Services M&MFIN.NS | India | $4.12B | -15% | +15% | 14% | 1.41× | 23.7% | 13.8% |
| Sundaram Finance SUNDARMFIN.NS | India | $4.95B | -11% | +14% | 14% | 2.89× | 35.3% | 14.4% |
| GMO Payment Gateway 3769.T | Japan | $3.98B | +6% | +13% | 22% | 5.02× | 32.4% | 21.5% |
| Herc HRI | United States | $5.08B | +14% | +19% | 6% | 2.56× | 33.3% | 6.3% |
| Figure Technology Solutions FIGR | United States | $5.10B | -40% | +66% | 26% | 3.58× | 26.5% | 26.2% |
| Bread Financial BFH | United States | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% | 15.9% |
| Credit Acceptance CACC | United States | $5.37B | -1% | +2% | 23% | 3.86× | 38.2% | 22.7% |
| Sixt SIX2.DE | Germany | $3.67B | +4% | +7% | 15% | 1.67× | 15.8% | 15.0% |
| Credit Saison 8253.T | Japan | $3.62B | -10% | +10% | 9% | 0.73× | 6.3% | 9.2% |
| Element Fleet Management EFN.TO | Canada | $5.61B | -31% | +5% | 11% | 2.06× | 9.2% | 10.6% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
| Chailease 5871.TW | Taiwan | $5.74B | -10% | -4% | 12% | 0.97× | 3.8% | 11.5% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |