Sunac China Holdings Limited logo

Sunac China Holdings Limited

1918.HK

HKSEReal EstateReal Estate - Development

Latest quote

HK$0.545

−HK$0.015 · -2.68%

Aug 24, 3:19 PM HKT

1918.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Sunac China Holdings Limited, along with its subsidiaries, is a prominent player in the real estate sector of the People's Republic of China, specializing in the investment, development, and sale of residential and commercial properties. The company also extends its operations into diverse cultural and leisure domains, offering services such as conference and exhibition organization, tourism and holiday experiences, theme park management, hotel operations, and healthcare provisions. Its activities further encompass intellectual property (IP) creation and management, alongside film and television content production and distribution. Additionally, Sunac China engages in property-related services, commercial asset management, facilities management, interior design and fitting, and the development and operation of cultural and tourism-focused urban projects. Established in 2003, the company's headquarters are located in Beijing, China.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Mengde Wang
Listed since
Oct 7, 2010
Employees
31,365

Market position

Day range

Current HK$0.545

52-week range

Current HK$0.545

Open
HK$0.565
Previous close
HK$0.56
Volume
127.6M
0.66× average
Average volume
193.62M
Average daily volume
Market cap
10.84B HKD
Beta
0.34
Market reference 1
50-day average
HK$0.6124
-11.01% below average
200-day average
HK$1.0272
-46.94% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
211.51B CNY
P/E (TTM)
-0.38×
P/B (TTM)
0.16×
P/S (TTM)
0.21×
EV / EBITDA
7.65×
Earnings yield
-97.28%
Free cash flow yield
-24.59%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-1.41%
Operating margin
-1.64%
Net margin
-27.33%
Return on equity
-36.07%
Return on assets
-1.55%
Return on invested capital
-0.09%

Financial health

Debt / equity
6.17×
Current ratio
0.81×
Altman Z-score
0.14
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 trends6%-9%-24%-38%Gross margin, FY2021: -0.90%Gross margin, FY2022: -0.85%Gross margin, FY2023: -1.62%Gross margin, FY2024: 1.89%Gross margin, FY2025: -1.41%Operating margin, FY2021: -23.24%Operating margin, FY2022: -22.77%Operating margin, FY2023: -1.25%Operating margin, FY2024: -14.77%Operating margin, FY2025: -1.64%Net margin, FY2021: -19.29%Net margin, FY2022: -28.60%Net margin, FY2023: -5.17%Net margin, FY2024: -34.71%Net margin, FY2025: -27.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -0.90%. Gross margin FY2022 -0.85%. Gross margin FY2023 -1.62%. Gross margin FY2024 1.89%. Gross margin FY2025 -1.41%. Operating margin FY2021 -23.24%. Operating margin FY2022 -22.77%. Operating margin FY2023 -1.25%. Operating margin FY2024 -14.77%. Operating margin FY2025 -1.64%. Net margin FY2021 -19.29%. Net margin FY2022 -28.60%. Net margin FY2023 -5.17%. Net margin FY2024 -34.71%. Net margin FY2025 -27.33%.

Income trends

Revenue

45.12B CNY-39.05%

Operating income

−740.67M CNY+93.23%

Net income

−12.33B CNY+52.02%
Income trends across reported periods222.84B CNY125.04B CNY27.25B CNY−70.55B CNYRevenue, FY2021: 198.39B CNYRevenue, FY2022: 96.75B CNYRevenue, FY2023: 154.23B CNYRevenue, FY2024: 74.02B CNYRevenue, FY2025: 45.12B CNYOperating income, FY2021: −46.1B CNYOperating income, FY2022: −22.03B CNYOperating income, FY2023: −1.93B CNYOperating income, FY2024: −10.94B CNYOperating income, FY2025: −740.67M CNYNet income, FY2021: −38.26B CNYNet income, FY2022: −27.67B CNYNet income, FY2023: −7.97B CNYNet income, FY2024: −25.7B CNYNet income, FY2025: −12.33B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 198.39B CNY. Revenue FY2022 96.75B CNY. Revenue FY2023 154.23B CNY. Revenue FY2024 74.02B CNY. Revenue FY2025 45.12B CNY. Operating income FY2021 −46.1B CNY. Operating income FY2022 −22.03B CNY. Operating income FY2023 −1.93B CNY. Operating income FY2024 −10.94B CNY. Operating income FY2025 −740.67M CNY. Net income FY2021 −38.26B CNY. Net income FY2022 −27.67B CNY. Net income FY2023 −7.97B CNY. Net income FY2024 −25.7B CNY. Net income FY2025 −12.33B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue45.12B CNY74.02B CNY154.23B CNY96.75B CNY198.39B CNY
Cost of goods sold45.75B CNY72.62B CNY156.73B CNY100.65B CNY211.2B CNY
Gross profit−637.87M CNY1.4B CNY−2.5B CNY−819.18M CNY−1.79B CNY
Selling, general, and administrative5.78B CNY5.8B CNY10.37B CNY12.77B CNY17.19B CNY
Operating expenses102.8M CNY12.34B CNY−568.76M CNY21.21B CNY44.31B CNY
Interest income365.26M CNY1.42B CNY1.76B CNY3.61B CNY5.22B CNY
Interest expense12.47B CNY11.31B CNY4.95B CNY5.94B CNY2.1B CNY
Depreciation and amortization2.89B CNY2.58B CNY3.58B CNY2.59B CNY3.78B CNY
Operating income−740.67M CNY−10.94B CNY−1.93B CNY−22.03B CNY−46.1B CNY
Net income−12.33B CNY−25.7B CNY−7.97B CNY−27.67B CNY−38.26B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
17%
1 beat, 5 misses, 0 met estimates
Average EPS surprise
-116.47%
6 comparable reports
Latest EPS result
0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.120.53-2.06-4.64Q4 '22MissQ1 '23MissQ3 '23MissQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q4 2022, reported Dec 9, 2022: actual -4.11, estimate 2.58, surprise -259.26%, Miss. Q1 2023, reported Mar 31, 2023: actual -1.89, estimate 2.32, surprise -181.49%, Miss. Q3 2023, reported Aug 30, 2023: actual -3.09, estimate 2.07, surprise -249.31%, Miss. Q1 2024, reported Mar 28, 2024: actual 1.42, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual -1.92, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -1.3, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual -1.38, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.047, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates158.95B111.92B64.89B17.86BQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25BeatQ3 '25BeatQ1 '26No estimateQ3 '26Estimate
Q1 2023, reported Mar 31, 2023: actual 54.9B HKD, estimate 148.73B HKD, surprise -63.08%, Miss. Q3 2023, reported Aug 30, 2023: actual 63.19B HKD, estimate 140.6B HKD, surprise -55.06%, Miss. Q1 2024, reported Mar 28, 2024: actual 105.99B HKD, estimate 143.12B HKD, surprise -25.95%, Miss. Q3 2024, reported Aug 29, 2024: actual 36.83B HKD, estimate 141.84B HKD, surprise -74.03%, Miss. Q1 2025, reported Mar 28, 2025: actual 42.27B HKD, estimate 21.87B HKD, surprise +93.32%, Beat. Q3 2025, reported Aug 26, 2025: actual 21.9B HKD, estimate 21.01B HKD, surprise +4.26%, Beat. Q1 2026, reported Mar 27, 2026: actual 27.96B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 28, 2026: actual —, estimate 25.84B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$2.00

2021 complete year+587.3% since 2017

Corporate action history

Dividend

Ex-dividend Aug 11, 2021

HK$2.00

Annual

Record Aug 12, 2021 · Payment Aug 27, 2021

Dividend

Ex-dividend Jun 1, 2020

HK$1.232

Annual

Record Jun 2, 2020 · Payment Aug 18, 2020

Dividend

Ex-dividend Jun 6, 2019

HK$0.942

Annual

Record Jun 10, 2019 · Payment Jul 18, 2019

Dividend

Ex-dividend Jun 14, 2018

HK$0.613

Annual

Record Jun 15, 2018 · Payment Aug 8, 2018

Dividend

Ex-dividend May 24, 2017

HK$0.291

Annual

Record May 25, 2017 · Payment Jul 14, 2017

Dividend

Ex-dividend May 23, 2016

HK$0.23

Annual

Record May 24, 2016 · Payment Aug 3, 2016

1918.HK peers

ETFs holding 1918.HK

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

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