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Diversified financial-leasing company covering aviation, shipping, medical and industrial equipment, linked to the Haitong Securities group.
Diversified financial-leasing company covering aviation, shipping, medical and industrial equipment, linked to the Haitong Securities group.
In one line: A Chinese multi-sector equipment-leasing firm.
Moat: narrow (scale, distribution). Backed by the Haitong Securities group balance sheet to structure leases across multiple sectors.
Headquarters: Shanghai, China · Employees: 1,415
Size Haitong Unitrust International Financial Leasing (1905.HK) is a Hong Kong Financials company (Finance/Rental/Leasing) with a market value of $1.38B, the 508th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.31 on 6 Nov 2026.
Performance Over six months the shares gained 56.5%, against -1.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 19.7% over the last twelve months (peer median +3.3%); the operating margin is 58.9% (peer median 11.1%).
Valuation It trades at 0.52× book value against a peer median of 1.39× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 4.2%; Haitong Unitrust International Financial Leasing delivers 6.5%, 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$7.05B | HK$7.67B | HK$9.31B | HK$9.52B | HK$10.0B |
| Revenue growth | — | -18% | -2% | -5% | — |
| Gross profit | HK$6.58B | HK$7.18B | HK$8.81B | HK$8.99B | HK$9.42B |
| EBITDA | HK$4.54B | HK$5.03B | HK$5.71B | HK$6.52B | HK$6.70B |
| Net income | HK$1.32B | HK$1.46B | HK$1.51B | HK$1.62B | HK$1.67B |
| Free cash flow | HK$8.32B | HK$3.98B | HK$10.6B | HK$4.94B | -HK$12.3B |
| Capital expenditure | HK$11.9M | HK$11.8M | HK$276M | HK$142M | HK$1.96B |
| Total debt | n/a | HK$91.2B | HK$90.2B | HK$105B | HK$107B |
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 |
|---|---|---|---|---|---|---|
| Haitong Unitrust International Financial Leasing 1905.HK | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% |
| Far East Horizon 3360.HK | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% |
| China Development Bank Financial Leasing 1606.HK | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% |
| Bohai Leasing 000415.SZ | $4.44B | +2% | -7% | 18% | 0.90× | 6.3% |
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 | 1905.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +37.0% | +1.2% | 2nd highest of 21 |
| 6-month return | +56.5% | -1.8% | 2nd highest of 21 |
| Return on equity | 6.5% | 7.4% | 9th lowest of 21 |
| Price / book | 0.52× | 1.39× | 2nd cheapest of 21 |
| Trailing P/E | 8.2× | 14.7× | 2nd cheapest of 18 |
| ROE the price implies | 4.2% | 13.5% | 2nd least demanding of 21 |
| ROE delivered | 6.5% | 8.5% | 7th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |