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Financial leasing company owned by China Development Bank, leasing aircraft, ships and infrastructure/industrial equipment.
Financial leasing company owned by China Development Bank, leasing aircraft, ships and infrastructure/industrial equipment.
Earns lease rentals and finance income over multi-year contracts, so profit is the gap between what lessees pay and its own funding cost, which is eased by its state-owned bank parent and bond-market access. Aircraft and ships go to operators in China and abroad, while domestic infrastructure and equipment leasing serves public-sector and industrial clients.
In one line: China's state-backed AerCap/GE Capital Aviation.
Moat: narrow (scale, cost advantage). Backed by China Development Bank funding, giving low-cost capital for a large leased-asset portfolio.
Headquarters: Beijing/Shenzhen, China · Founded: 1984 · Employees: 612
Size China Development Bank Financial Leasing (1606.HK) is a Hong Kong Financials company (Finance/Rental/Leasing) with a market value of $2.66B, the 370th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.65 on 6 Nov 2026.
Performance Over six months the shares gained 4.4%, against -7.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 5.1% over the last twelve months (peer median +16.1%); the operating margin is 56.5% (peer median 28.5%).
Valuation It trades at 0.40× book value against a peer median of 1.75× (cheapest of 21).
Price implies The share price implies a return on equity of about 4.5%; China Development Bank Financial Leasing delivers 12.6%, so the price asks less than the business earns today.
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$29.6B | HK$29.6B | HK$30.4B | HK$29.0B | HK$28.3B |
| Revenue growth | — | -3% | +5% | +2% | — |
| Gross profit | HK$20.7B | HK$20.9B | HK$22.3B | HK$21.5B | HK$21.6B |
| EBITDA | HK$25.4B | HK$24.4B | HK$27.1B | HK$24.8B | HK$24.2B |
| Net income | HK$6.19B | HK$5.46B | HK$4.88B | HK$4.59B | HK$3.90B |
| Free cash flow | -HK$9.88B | -HK$13.4B | -HK$28.7B | -HK$5.70B | -HK$5.34B |
| Capital expenditure | HK$25.8B | HK$20.5B | HK$25.1B | HK$22.3B | HK$16.2B |
| Total debt | n/a | HK$409B | HK$366B | HK$380B | HK$338B |
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 |
|---|---|---|---|---|---|---|
| China Development Bank Financial Leasing 1606.HK | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% |
| Far East Horizon 3360.HK | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% |
| AerCap AER | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% |
| BOC Aviation 2588.HK | $7.09B | -3% | -2% | 12% | 1.01× | 6.2% |
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 | 1606.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +1.2% | 4th highest of 21 |
| 6-month return | +4.4% | -7.7% | 6th highest of 21 |
| Return on equity | 12.6% | 13.1% | 10th lowest of 21 |
| Price / book | 0.40× | 1.75× | cheapest of 21 |
| Trailing P/E | 3.4× | 14.8× | cheapest of 20 |
| ROE the price implies | 4.5% | 20.4% | 2nd least demanding of 21 |
| ROE delivered | 12.6% | 13.3% | 8th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |