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Redco Properties Group Limited logo

Redco Properties Group Limited

1622.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.145

+HK$0.008 · +5.84%

Aug 21, 3:45 PM HKT

1622.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding company, Redco Properties Group Limited primarily focuses on real estate development and property investment within the People's Republic of China. Its operations span several key regions, including the Greater Western Taiwan Straits Economic Zone, Central and Western Regions, Bohai Economic Rim, and the Greater Bay Area, alongside other unspecified areas. The company constructs both residential and commercial properties. Beyond its core real estate business, Redco Properties Group provides a diverse array of services. These encompass construction-related activities such as design, cost consultation, and project management, as well as construction and land reclamation. The firm also offers medical and healthcare services, cultural product design consulting, and engages in cultural, educational, and sports initiatives, including the management of cultural tourism ventures. Furthermore, its portfolio extends to property management, building decoration, telecommunications, trading, various consultancy services, enterprise management, and software innovation. Established in 1992, Redco Properties Group maintains its headquarters in Shenzhen, PRC.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Yeuk Hung Wong
Listed since
Jan 30, 2014
Employees
1,857

Market position

52-week range

Current HK$0.145

Open
HK$0.145
Previous close
HK$0.137
Volume
18K
0.02× average
Average volume
868.4K
Average daily volume
Market cap
514.98M HKD
Beta
0.54
Market reference 1
50-day average
HK$0.1729
-16.16% below average
200-day average
HK$0.1677
-13.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
16.79B CNY
P/E (TTM)
-0.17×
P/B (TTM)
-0.09×
P/S (TTM)
0.23×
EV / EBITDA
-8.95×
Earnings yield
-479.62%
Free cash flow yield
-29.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-71.87%
Operating margin
-104.06%
Net margin
-139.57%
Return on equity
56.91%
Return on assets
-7.45%
Return on invested capital
-18.06%

Financial health

Debt / equity
-3.23×
Current ratio
0.83×
Altman Z-score
-0.63
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 trends38%-21%-79%-138%Gross margin, FY2021: 23.35%Gross margin, FY2022: -12.38%Gross margin, FY2023: 10.58%Gross margin, FY2024: -32.94%Gross margin, FY2025: -58.25%Operating margin, FY2021: 17.90%Operating margin, FY2022: -29.26%Operating margin, FY2023: -21.26%Operating margin, FY2024: -43.23%Operating margin, FY2025: -90.84%Net margin, FY2021: 4.33%Net margin, FY2022: -25.56%Net margin, FY2023: -29.14%Net margin, FY2024: -33.65%Net margin, FY2025: -123.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.35%. Gross margin FY2022 -12.38%. Gross margin FY2023 10.58%. Gross margin FY2024 -32.94%. Gross margin FY2025 -58.25%. Operating margin FY2021 17.90%. Operating margin FY2022 -29.26%. Operating margin FY2023 -21.26%. Operating margin FY2024 -43.23%. Operating margin FY2025 -90.84%. Net margin FY2021 4.33%. Net margin FY2022 -25.56%. Net margin FY2023 -29.14%. Net margin FY2024 -33.65%. Net margin FY2025 -123.11%.

Income trends

Revenue

2.4B CNY-70.75%

Operating income

−2.18B CNY+38.54%

Net income

−2.95B CNY-7.00%
Income trends across reported periods22.98B CNY12.64B CNY2.3B CNY−8.04B CNYRevenue, FY2021: 20.4B CNYRevenue, FY2022: 18.64B CNYRevenue, FY2023: 5.34B CNYRevenue, FY2024: 8.2B CNYRevenue, FY2025: 2.4B CNYOperating income, FY2021: 3.65B CNYOperating income, FY2022: −5.45B CNYOperating income, FY2023: −1.14B CNYOperating income, FY2024: −3.55B CNYOperating income, FY2025: −2.18B CNYNet income, FY2021: 883.96M CNYNet income, FY2022: −4.76B CNYNet income, FY2023: −1.56B CNYNet income, FY2024: −2.76B CNYNet income, FY2025: −2.95B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 20.4B CNY. Revenue FY2022 18.64B CNY. Revenue FY2023 5.34B CNY. Revenue FY2024 8.2B CNY. Revenue FY2025 2.4B CNY. Operating income FY2021 3.65B CNY. Operating income FY2022 −5.45B CNY. Operating income FY2023 −1.14B CNY. Operating income FY2024 −3.55B CNY. Operating income FY2025 −2.18B CNY. Net income FY2021 883.96M CNY. Net income FY2022 −4.76B CNY. Net income FY2023 −1.56B CNY. Net income FY2024 −2.76B CNY. Net income FY2025 −2.95B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.4B CNY8.2B CNY5.34B CNY18.64B CNY20.4B CNY
Cost of goods sold3.8B CNY10.9B CNY4.77B CNY20.94B CNY15.63B CNY
Gross profit−1.4B CNY−2.7B CNY564.66M CNY−2.31B CNY4.76B CNY
Selling, general, and administrative465.57M CNY579.86M CNY1.02B CNY1.63B CNY2.05B CNY
Operating expenses781.73M CNY843.95M CNY1.7B CNY3.15B CNY1.11B CNY
Interest income4.34M CNY5.69M CNY31.52M CNY70.5M CNY149.61M CNY
Interest expense1.47B CNY262.21M CNY162.98M CNY64.5M CNY19.48M CNY
Depreciation and amortization50.59M CNY50.57M CNY89.19M CNY95.49M CNY58.84M CNY
Operating income−2.18B CNY−3.55B CNY−1.14B CNY−5.45B CNY3.65B CNY
Net income−2.95B CNY−2.76B CNY−1.56B CNY−4.76B CNY883.96M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.75

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.25-0.38-1.02-1.66Q1 '22Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25Q1 '26
Q1 2022, reported Mar 27, 2022: actual 0.121, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -1.53, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.097, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 24, 2024: actual -0.376, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -0.161, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual -0.67, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -0.745, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates14.77B10.29B5.81B1.33BQ1 '22Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25Q1 '26
Q1 2022, reported Mar 27, 2022: actual 13.79B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 11.68B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 9.87B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 3.56B HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 24, 2024: actual 1.97B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 4.05B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 4.71B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 1.57B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0599

2021 complete year+155.1% since 2017

Corporate action history

Dividend

Ex-dividend Jun 29, 2021

HK$0.05

Annual

Record Jun 30, 2021 · Payment Jul 14, 2021

Dividend

Ex-dividend Jun 23, 2020

HK$0.03

Annual

Record Jun 24, 2020 · Payment Jul 9, 2020

Dividend

Ex-dividend Jun 25, 2019

HK$0.03

Annual

Record Jun 26, 2019 · Payment Jul 9, 2019

Dividend

Ex-dividend Sep 10, 2018

HK$0.0288

Special

Record Sep 11, 2018 · Payment Oct 9, 2018

Dividend

Ex-dividend May 11, 2018

HK$0.03

Special

Record May 14, 2018 · Payment May 25, 2018

Dividend

Ex-dividend Sep 7, 2017

HK$0.02

Special

Record Sep 8, 2017 · Payment Sep 26, 2017

1622.HK peers

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HK$47.08

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China Overseas Land & Investment Ltd. logo

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HK$13.76

-2.41%

KE Holdings Inc. logo

2423.HK

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HK$47.14

+3.88%

Swire Properties Limited logo

1972.HK

Swire Properties Limited

HK$25.34

-0.24%

ETFs holding 1622.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis Responsible Emerging Markets Equity ETF logoAvantis Responsible Emerging Markets Equity ETFAVSE
Market value
174.63
Weight
—
AUM
220.3M USD
Expense ratio
0.33%
Price / 1D
$78.80+0.82%

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