Times China Holdings Limited logo

Times China Holdings Limited

1233.HK

HKSEReal EstateReal Estate - Development

Latest quote

HK$0.032

−HK$0.004 · -11.11%

Aug 24, 4:08 PM HKT

1233.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Times China Holdings Limited, an investment holding firm, operates as a real estate developer across the People's Republic of China. Its business activities are categorized into three main divisions: Property Development, Urban Redevelopment Business, and Property Leasing. The Property Development arm is dedicated to the construction and sale of both residential and commercial properties. Through its Urban Redevelopment Business segment, the company handles the disposition of land earmarked for development, alongside other related ventures. The Property Leasing division focuses on the development, rental, and sub-leasing of commercial properties, which may be owned by the company or by independent third parties. Additionally, Times China provides money lending and consulting management services. As of December 31, 2021, the firm held a land reserve totaling approximately 19.9 million square meters. Established in 1999, the company, formerly known as Times Property (Holdings) Co., Limited, adopted its current name, Times China Holdings Limited, in February 2018. Its corporate headquarters are situated in Guangzhou, China.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Chiu Hung Shum
Listed since
Dec 11, 2013
Employees
1,049

Market position

Day range

Current HK$0.032

52-week range

Current HK$0.032

Open
HK$0.036
Previous close
HK$0.036
Volume
9.05M
1.99× average
Average volume
4.54M
Average daily volume
Market cap
95.66M HKD
Beta
1.59
Market reference 1
50-day average
HK$0.0307
+4.10% above average
200-day average
HK$0.0706
-54.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
32.4B CNY
P/E (TTM)
-0.05×
P/B (TTM)
-0.01×
P/S (TTM)
0.02×
EV / EBITDA
-1.92×
Earnings yield
-88.35%
Free cash flow yield
413.01%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-390.20%
Operating margin
-410.38%
Net margin
-6.14%
Return on equity
1.31%
Return on assets
-0.32%
Return on invested capital
-21.18%

Financial health

Debt / equity
-2.12×
Current ratio
0.19×
Altman Z-score
-1.84
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%-104%-279%-454%Gross margin, FY2021: 27.62%Gross margin, FY2022: 13.77%Gross margin, FY2023: 0.77%Gross margin, FY2024: -55.14%Gross margin, FY2025: -390.20%Operating margin, FY2021: 21.77%Operating margin, FY2022: 0.72%Operating margin, FY2023: -4.35%Operating margin, FY2024: -61.20%Operating margin, FY2025: -410.38%Net margin, FY2021: 7.47%Net margin, FY2022: -40.38%Net margin, FY2023: -21.45%Net margin, FY2024: -126.69%Net margin, FY2025: -6.14%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.62%. Gross margin FY2022 13.77%. Gross margin FY2023 0.77%. Gross margin FY2024 -55.14%. Gross margin FY2025 -390.20%. Operating margin FY2021 21.77%. Operating margin FY2022 0.72%. Operating margin FY2023 -4.35%. Operating margin FY2024 -61.20%. Operating margin FY2025 -410.38%. Net margin FY2021 7.47%. Net margin FY2022 -40.38%. Net margin FY2023 -21.45%. Net margin FY2024 -126.69%. Net margin FY2025 -6.14%.

Income trends

Revenue

3.35B CNY-74.44%

Operating income

−13.75B CNY-71.35%

Net income

−205.7M CNY+98.76%
Income trends across reported periods49.66B CNY25.56B CNY1.46B CNY−22.63B CNYRevenue, FY2021: 43.64B CNYRevenue, FY2022: 24.42B CNYRevenue, FY2023: 21.01B CNYRevenue, FY2024: 13.11B CNYRevenue, FY2025: 3.35B CNYOperating income, FY2021: 9.5B CNYOperating income, FY2022: 175.16M CNYOperating income, FY2023: −914.93M CNYOperating income, FY2024: −8.02B CNYOperating income, FY2025: −13.75B CNYNet income, FY2021: 3.26B CNYNet income, FY2022: −9.86B CNYNet income, FY2023: −4.51B CNYNet income, FY2024: −16.61B CNYNet income, FY2025: −205.7M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 43.64B CNY. Revenue FY2022 24.42B CNY. Revenue FY2023 21.01B CNY. Revenue FY2024 13.11B CNY. Revenue FY2025 3.35B CNY. Operating income FY2021 9.5B CNY. Operating income FY2022 175.16M CNY. Operating income FY2023 −914.93M CNY. Operating income FY2024 −8.02B CNY. Operating income FY2025 −13.75B CNY. Net income FY2021 3.26B CNY. Net income FY2022 −9.86B CNY. Net income FY2023 −4.51B CNY. Net income FY2024 −16.61B CNY. Net income FY2025 −205.7M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.35B CNY13.11B CNY21.01B CNY24.42B CNY43.64B CNY
Cost of goods sold16.42B CNY20.34B CNY20.85B CNY21.06B CNY31.58B CNY
Gross profit−13.07B CNY−7.23B CNY161.62M CNY3.36B CNY12.05B CNY
Selling, general, and administrative675.92M CNY795.11M CNY978.27M CNY1.71B CNY2.17B CNY
Operating expenses675.92M CNY792.12M CNY1.08B CNY1.7B CNY2.17B CNY
Interest income3.01M CNY21.1M CNY68.75M CNY92.37M CNY500.51M CNY
Interest expense2.02B CNY2.15B CNY1.25B CNY840.2M CNY826.02M CNY
Depreciation and amortization73.29M CNY105.71M CNY160.24M CNY172.93M CNY158.18M CNY
Operating income−13.75B CNY−8.02B CNY−914.93M CNY175.16M CNY9.5B CNY
Net income−205.7M CNY−16.61B CNY−4.51B CNY−9.86B CNY3.26B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 3 misses, 0 met estimates
Average EPS surprise
-63.18%
3 comparable reports
Latest EPS result
1.2

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.85-1.28-4.4-7.53Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 0.012, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -5.35, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual -0.865, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -1.48, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -1.55, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -6.88, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -1.79, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 1.2, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates21.95B14.98B8B1.02BQ3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 29, 2022: actual 7.61B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 20.42B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 10.73B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 12.26B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 6.54B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 7.47B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 2.49B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 1.2B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0917

2022 complete year-97.7% since 2018

Corporate action history

Dividend

Ex-dividend May 31, 2022

HK$0.0917

Annual

Record Jun 2, 2022 · Payment Sep 30, 2022

Dividend

Ex-dividend May 25, 2021

HK$7.2661

Annual

Record May 26, 2021 · Payment Jul 2, 2021

Dividend

Ex-dividend May 19, 2020

HK$7.2441

Annual

Record May 20, 2020 · Payment Jul 2, 2020

Dividend

Ex-dividend May 21, 2019

HK$6.1531

Annual

Record May 22, 2019 · Payment Jul 2, 2019

Dividend

Ex-dividend May 23, 2018

HK$4.0031

Annual

Record May 24, 2018 · Payment Jul 3, 2018

Dividend

Ex-dividend May 31, 2017

HK$2.8053

Annual

Record Jun 1, 2017 · Payment Jul 3, 2017

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