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China Sandi Holdings Limited logo

China Sandi Holdings Limited

0910.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.012

−HK$0.001 · -7.69%

Aug 24, 3:47 PM HKT

0910.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, China Sandi Holdings Limited specializes in the investment and development of real estate across the People's Republic of China. The company's operations are divided into distinct segments: property development and property investment. Furthermore, it generates revenue through the leasing of its various investment properties and by offering property management services. Its extensive portfolio of owned and leased assets encompasses shopping centers, hotels, office and commercial units, kindergartens, and car parking facilities. Established in 1998, the company maintains its headquarters in Hong Kong. Notably, it underwent a name change in October 2012, transitioning from its former identity, China Grand Forestry Green Resources Group Limited, to its current name, China Sandi Holdings Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Jiadi Guo
Listed since
Dec 1, 1998
Employees
133

Market position

Day range

Current HK$0.012

52-week range

Current HK$0.012

Open
HK$0.013
Previous close
HK$0.013
Volume
2.4M
2.02× average
Average volume
1.19M
Average daily volume
Market cap
61.06M HKD
Beta
0.41
Market reference 1
50-day average
HK$0.0139
-13.79% below average
200-day average
HK$0.014
-14.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.33B HKD
P/E (TTM)
-0.1×
P/B (TTM)
-0.31×
P/S (TTM)
0.04×
EV / EBITDA
-31.35×
Earnings yield
-825.31%
Free cash flow yield
-77.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.27%
Operating margin
6.05%
Net margin
-42.58%
Return on equity
301.94%
Return on assets
-3.61%
Return on invested capital
0.45%

Financial health

Debt / equity
-37.77×
Current ratio
0.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends50%-39%-128%-217%Gross margin, FY2021: 26.87%Gross margin, FY2022: 27.71%Gross margin, FY2023: 15.24%Gross margin, FY2024: 6.55%Gross margin, FY2025: 19.44%Operating margin, FY2021: 13.48%Operating margin, FY2022: 18.39%Operating margin, FY2023: 1.85%Operating margin, FY2024: -27.32%Operating margin, FY2025: 5.93%Net margin, FY2021: 5.78%Net margin, FY2022: 1.22%Net margin, FY2023: -14.05%Net margin, FY2024: -194.88%Net margin, FY2025: -42.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.87%. Gross margin FY2022 27.71%. Gross margin FY2023 15.24%. Gross margin FY2024 6.55%. Gross margin FY2025 19.44%. Operating margin FY2021 13.48%. Operating margin FY2022 18.39%. Operating margin FY2023 1.85%. Operating margin FY2024 -27.32%. Operating margin FY2025 5.93%. Net margin FY2021 5.78%. Net margin FY2022 1.22%. Net margin FY2023 -14.05%. Net margin FY2024 -194.88%. Net margin FY2025 -42.73%.

Income trends

Revenue

1.38B HKD-38.96%

Operating income

81.52M HKD+697.41M HKD

Net income

−587.91M HKD+86.62%
Income trends across reported periods4.86B HKD1.49B HKD−1.87B HKD−5.23B HKDRevenue, FY2021: 3.54B HKDRevenue, FY2022: 4.02B HKDRevenue, FY2023: 3.65B HKDRevenue, FY2024: 2.25B HKDRevenue, FY2025: 1.38B HKDOperating income, FY2021: 476.63M HKDOperating income, FY2022: 738.78M HKDOperating income, FY2023: 67.46M HKDOperating income, FY2024: −615.89M HKDOperating income, FY2025: 81.52M HKDNet income, FY2021: 204.53M HKDNet income, FY2022: 48.96M HKDNet income, FY2023: −513.35M HKDNet income, FY2024: −4.39B HKDNet income, FY2025: −587.91M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.54B HKD. Revenue FY2022 4.02B HKD. Revenue FY2023 3.65B HKD. Revenue FY2024 2.25B HKD. Revenue FY2025 1.38B HKD. Operating income FY2021 476.63M HKD. Operating income FY2022 738.78M HKD. Operating income FY2023 67.46M HKD. Operating income FY2024 −615.89M HKD. Operating income FY2025 81.52M HKD. Net income FY2021 204.53M HKD. Net income FY2022 48.96M HKD. Net income FY2023 −513.35M HKD. Net income FY2024 −4.39B HKD. Net income FY2025 −587.91M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.38B HKD2.25B HKD3.65B HKD4.02B HKD3.54B HKD
Cost of goods sold1.11B HKD2.11B HKD3.1B HKD2.9B HKD2.59B HKD
Gross profit267.54M HKD147.72M HKD556.82M HKD1.11B HKD950.06M HKD
Operating expenses186.02M HKD763.61M HKD489.37M HKD374.41M HKD473.43M HKD
Interest income163.76K HKD622.34K HKD2.44M HKD3.55M HKD4.21M HKD
Interest expense455.83M HKD437.54M HKD144.31M HKD136.96M HKD214.73M HKD
Depreciation and amortization645.29K HKD1.32M HKD10.24M HKD6.87M HKD24.7M HKD
Operating income81.52M HKD−615.89M HKD67.46M HKD738.78M HKD476.63M HKD
Net income−587.91M HKD−4.39B HKD−513.35M HKD48.96M HKD204.53M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.880.520.17-0.19Q4 '20Q2 '21Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24
Q4 2020, reported Dec 30, 2020: actual 0.746, estimate —, surprise —, Comparison unavailable. Q2 2021, reported Jun 29, 2021: actual 0.804, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 30, 2021: actual 0.804, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 0.022, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.017, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.015, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 31, 2024: actual -0.116, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.061, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.51B2.4B1.29B176.23MQ4 '20Q2 '21Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24
Q4 2020, reported Dec 30, 2020: actual 1.88B HKD, estimate —, surprise —, Comparison unavailable. Q2 2021, reported Jun 29, 2021: actual 2.32B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 30, 2021: actual 1.22B HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 631.62M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 3.27B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 1.62B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 31, 2024: actual 2.03B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 207.32M HKD, estimate —, surprise —, Comparison unavailable.

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