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China New Town Development Company Limited logo

China New Town Development Company Limited

1278.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.072

+HK$0.002 · +2.86%

Aug 24, 10:33 AM HKTData delayed

1278.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China New Town Development Company Limited focuses on the strategic planning and establishment of new urban centers throughout the People's Republic of China. Its operations are divided into four primary divisions: Land Development, Urbanization Development, Property Leasing, and other related activities. The company's services include providing critical land infrastructure, building supporting public facilities, and investing in new town initiatives. Furthermore, it offers property rental and administrative services, advisory for real estate and business investments, management of assets and funds, development of investments and assets, and general investment management. The firm was established in 2002 and is headquartered in Kowloon, Hong Kong.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Meiyu Yang
Listed since
Oct 22, 2010
Employees
90

Market position

Day range

Current HK$0.072

52-week range

Current HK$0.072

Open
HK$0.07
Previous close
HK$0.07
Volume
400K
0.21× average
Average volume
1.89M
Average daily volume
Market cap
700.29M HKD
Beta
0.51
Market reference 1
50-day average
HK$0.0674
+6.79% above average
200-day average
HK$0.0787
-8.50% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.26B CNY
P/E (TTM)
5.32×
P/B (TTM)
0.14×
P/S (TTM)
0.97×
EV / EBITDA
11.26×
Earnings yield
10.22%
Free cash flow yield
-4.52%
Dividend yield
3.47%

Profitability & efficiency

Gross margin
76.55%
Operating margin
43.98%
Net margin
18.15%
Return on equity
1.69%
Return on assets
0.77%
Return on invested capital
1.50%

Financial health

Debt / equity
0.52×
Current ratio
3.16×
Altman Z-score
1.04
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 trends144%92%41%-11%Gross margin, FY2021: 76.78%Gross margin, FY2022: 73.28%Gross margin, FY2023: 76.37%Gross margin, FY2024: 63.42%Gross margin, FY2025: 79.29%Operating margin, FY2021: 54.65%Operating margin, FY2022: 40.63%Operating margin, FY2023: 131.20%Operating margin, FY2024: 65.30%Operating margin, FY2025: 49.89%Net margin, FY2021: 39.77%Net margin, FY2022: 1.68%Net margin, FY2023: 86.59%Net margin, FY2024: 28.82%Net margin, FY2025: 18.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 76.78%. Gross margin FY2022 73.28%. Gross margin FY2023 76.37%. Gross margin FY2024 63.42%. Gross margin FY2025 79.29%. Operating margin FY2021 54.65%. Operating margin FY2022 40.63%. Operating margin FY2023 131.20%. Operating margin FY2024 65.30%. Operating margin FY2025 49.89%. Net margin FY2021 39.77%. Net margin FY2022 1.68%. Net margin FY2023 86.59%. Net margin FY2024 28.82%. Net margin FY2025 18.85%.

Income trends

Revenue

378.85M CNY+146.38%

Operating income

189.02M CNY+88.24%

Net income

71.4M CNY+61.11%
Income trends across reported periods416.46M CNY266.01M CNY115.56M CNY−34.9M CNYRevenue, FY2021: 273.04M CNYRevenue, FY2022: 161.91M CNYRevenue, FY2023: 162.68M CNYRevenue, FY2024: 153.77M CNYRevenue, FY2025: 378.85M CNYOperating income, FY2021: 149.21M CNYOperating income, FY2022: 65.78M CNYOperating income, FY2023: 213.43M CNYOperating income, FY2024: 100.41M CNYOperating income, FY2025: 189.02M CNYNet income, FY2021: 108.58M CNYNet income, FY2022: 2.72M CNYNet income, FY2023: 140.86M CNYNet income, FY2024: 44.32M CNYNet income, FY2025: 71.4M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 273.04M CNY. Revenue FY2022 161.91M CNY. Revenue FY2023 162.68M CNY. Revenue FY2024 153.77M CNY. Revenue FY2025 378.85M CNY. Operating income FY2021 149.21M CNY. Operating income FY2022 65.78M CNY. Operating income FY2023 213.43M CNY. Operating income FY2024 100.41M CNY. Operating income FY2025 189.02M CNY. Net income FY2021 108.58M CNY. Net income FY2022 2.72M CNY. Net income FY2023 140.86M CNY. Net income FY2024 44.32M CNY. Net income FY2025 71.4M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue378.85M CNY153.77M CNY162.68M CNY161.91M CNY273.04M CNY
Cost of goods sold78.47M CNY56.25M CNY38.44M CNY43.27M CNY63.4M CNY
Gross profit300.38M CNY97.52M CNY124.24M CNY118.64M CNY209.64M CNY
Selling, general, and administrative111.36M CNY112.71M CNY113.39M CNY116.67M CNY115.76M CNY
Operating expenses111.36M CNY−2.89M CNY−89.2M CNY52.86M CNY60.43M CNY
Interest income11.17M CNY210.67M CNY202.46M CNY146.99M CNY94.3M CNY
Interest expense92.25M CNY94.4M CNY91.19M CNY44.62M CNY50.96M CNY
Depreciation and amortization11.7M CNY12.96M CNY14.31M CNY14.33M CNY14.93M CNY
Operating income189.02M CNY100.41M CNY213.43M CNY65.78M CNY149.21M CNY
Net income71.4M CNY44.32M CNY140.86M CNY2.72M CNY108.58M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.040.01-0.02-0.04Q1 '23Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2023, reported Mar 8, 2023: actual -0.004, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.003, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual 0.003, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.003, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 9, 2024: actual 0.003, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 0.003, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 0.003, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 0.003, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates254.7M194.02M133.34M72.66MQ1 '23Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2023, reported Mar 8, 2023: actual 102.42M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 90.2M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual 85.46M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 85.84M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 9, 2024: actual 85.21M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 89.41M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 91.67M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 242.14M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0055

2025 complete year-8.3% since 2019

2026 partial: HK$0.0025

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

HK$0.0019

Semi-Annual

Record Sep 4, 2026 · Payment Sep 23, 2026

Dividend

Ex-dividend Jun 29, 2026

HK$0.0025

Annual

Record Jul 2, 2026 · Payment Jul 27, 2026

Dividend

Ex-dividend Aug 21, 2025

HK$0.0016

Semi-Annual

Record Aug 25, 2025 · Payment Sep 16, 2025

Dividend

Ex-dividend Jun 23, 2025

HK$0.0039

Annual

Record Jun 25, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Jul 12, 2024

HK$0.0034

Annual

Record Jul 16, 2024 · Payment Aug 16, 2024

Dividend

Ex-dividend Aug 28, 2023

HK$0.0022

Annual

Record Aug 29, 2023 · Payment Sep 20, 2023

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