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Zensun Enterprises Limited logo

Zensun Enterprises Limited

0185.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.087

HK$0.00 · 0.00%

Aug 24, 2:55 PM HKT

0185.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zensun Enterprises Limited operates as an investment holding company, engaging in a range of activities including real estate development, property investment and management, and trading and investing in securities. The company segments its operations into five main areas: Property Development, Project Management Services, Property Investment and Management, Property Investment, and Securities Trading and Investment. Furthermore, Zensun Enterprises provides loan financing services. Its geographical reach extends across the People's Republic of China, the United States, Singapore, and Hong Kong. Originally established in 1965 as ZH International Holdings Limited, the company rebranded to Zensun Enterprises Limited in July 2019 and maintains its headquarters in Central, Hong Kong. It functions as a subsidiary of Joy Town Inc.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Jingguo Zhang
Listed since
Dec 20, 1972
Employees
283

Market position

52-week range

Current HK$0.087

Open
HK$0.087
Previous close
HK$0.087
Volume
7K
0.03× average
Average volume
246.19K
Average daily volume
Market cap
166.46M HKD
Beta
1.05
Market reference 1
50-day average
HK$0.0681
+27.75% above average
200-day average
HK$0.0957
-9.05% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.82B CNY
P/E (TTM)
-0.17×
P/B (TTM)
3.24×
P/S (TTM)
0.02×
EV / EBITDA
-22.06×
Earnings yield
-478.94%
Free cash flow yield
376.15%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-0.91%
Operating margin
-3.41%
Net margin
-12.38%
Return on equity
-1941.31%
Return on assets
-2.59%
Return on invested capital
-0.71%

Financial health

Debt / equity
120.49×
Current ratio
0.32×
Altman Z-score
-0.18
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%-3%-19%-34%Gross margin, FY2021: 9.41%Gross margin, FY2022: 8.56%Gross margin, FY2023: -2.50%Gross margin, FY2024: -10.77%Gross margin, FY2025: -0.91%Operating margin, FY2021: 4.54%Operating margin, FY2022: 5.33%Operating margin, FY2023: -3.85%Operating margin, FY2024: -12.86%Operating margin, FY2025: -3.41%Net margin, FY2021: 2.98%Net margin, FY2022: -30.51%Net margin, FY2023: -11.47%Net margin, FY2024: -22.87%Net margin, FY2025: -12.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.41%. Gross margin FY2022 8.56%. Gross margin FY2023 -2.50%. Gross margin FY2024 -10.77%. Gross margin FY2025 -0.91%. Operating margin FY2021 4.54%. Operating margin FY2022 5.33%. Operating margin FY2023 -3.85%. Operating margin FY2024 -12.86%. Operating margin FY2025 -3.41%. Net margin FY2021 2.98%. Net margin FY2022 -30.51%. Net margin FY2023 -11.47%. Net margin FY2024 -22.87%. Net margin FY2025 -12.38%.

Income trends

Revenue

6.92B CNY-27.51%

Operating income

−235.76M CNY+80.78%

Net income

−856.04M CNY+60.77%
Income trends across reported periods22.33B CNY13.14B CNY3.95B CNY−5.24B CNYRevenue, FY2021: 13.42B CNYRevenue, FY2022: 9.66B CNYRevenue, FY2023: 20.03B CNYRevenue, FY2024: 9.54B CNYRevenue, FY2025: 6.92B CNYOperating income, FY2021: 608.97M CNYOperating income, FY2022: 515.2M CNYOperating income, FY2023: −771.2M CNYOperating income, FY2024: −1.23B CNYOperating income, FY2025: −235.76M CNYNet income, FY2021: 399.47M CNYNet income, FY2022: −2.95B CNYNet income, FY2023: −2.3B CNYNet income, FY2024: −2.18B CNYNet income, FY2025: −856.04M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 13.42B CNY. Revenue FY2022 9.66B CNY. Revenue FY2023 20.03B CNY. Revenue FY2024 9.54B CNY. Revenue FY2025 6.92B CNY. Operating income FY2021 608.97M CNY. Operating income FY2022 515.2M CNY. Operating income FY2023 −771.2M CNY. Operating income FY2024 −1.23B CNY. Operating income FY2025 −235.76M CNY. Net income FY2021 399.47M CNY. Net income FY2022 −2.95B CNY. Net income FY2023 −2.3B CNY. Net income FY2024 −2.18B CNY. Net income FY2025 −856.04M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue6.92B CNY9.54B CNY20.03B CNY9.66B CNY13.42B CNY
Cost of goods sold6.98B CNY10.57B CNY20.54B CNY8.83B CNY12.16B CNY
Gross profit−62.69M CNY−1.03B CNY−500.53M CNY827.04M CNY1.26B CNY
Selling, general, and administrative173.07M CNY198.76M CNY270.67M CNY311.93M CNY487M CNY
Operating expenses173.07M CNY198.76M CNY270.67M CNY311.84M CNY484.09M CNY
Interest income14.79M CNY2.55M CNY8.1M CNY7.49M CNY30.79M CNY
Interest expense427.1M CNY289.65M CNY438.62M CNY114.77M CNY89.92M CNY
Depreciation and amortization17.08M CNY11.19M CNY11.19M CNY20.04M CNY2.16M CNY
Operating income−235.76M CNY−1.23B CNY−771.2M CNY515.2M CNY608.97M CNY
Net income−856.04M CNY−2.18B CNY−2.3B CNY−2.95B CNY399.47M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.09-0.26-0.62-0.97Q3 '22Q1 '23Q1 '23Q3 '23Q3 '24Q4 '24Q2 '25
Q3 2022, reported Aug 26, 2022: actual 0.019, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual -0.9, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.112, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual -0.106, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual -0.166, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 12, 2024: actual -0.16, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual -0.139, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates5.48B4.05B2.62B1.19BQ3 '22Q1 '23Q1 '23Q3 '23Q3 '24Q4 '24Q2 '25
Q3 2022, reported Aug 26, 2022: actual 2.31B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 3.26B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 3.38B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 3.2B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 5.18B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 12, 2024: actual 4.98B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 1.4B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.098

2021 complete year-34.7% since 2009

Corporate action history

Dividend

Ex-dividend Jun 10, 2021

HK$0.0098

Annual

Record Jun 11, 2021 · Payment Jul 23, 2021

Dividend

Ex-dividend Jun 11, 2020

HK$0.0183

Annual

Record Jun 12, 2020 · Payment Jul 24, 2020

Dividend

Ex-dividend Jun 1, 2009

HK$0.015

Annual

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