Redsun Services Group Limited logo

Redsun Services Group Limited

1971.HK

HKSEReal EstateReal Estate - Services

Latest quote

HK$0.335

−HK$0.025 · -6.94%

Aug 24, 3:29 PM HKT

1971.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Redsun Services Group Limited operates as an investment holding entity primarily delivering a diverse range of community services across China's Jiangsu Province. Its core offerings encompass comprehensive property management for various clients – including property owners, residents, and tenants – covering everything from residential buildings to commercial hubs like shopping malls, hotels, and theme parks, as well as institutional sites such as offices and schools. These property management services include essential functions like security, cleaning, landscaping, facility upkeep, customer support, and repairs. Beyond direct property management, the company extends various value-added services to external clients such as property management firms and real estate developers. This includes expert consulting for fellow property management companies, initial planning and design advice for new property developments, and sales support for developers by managing visitor reception, cleaning, security, and maintenance at sales centers and model homes. The company also offers other developer-focused value-added services, such as property inspection. Furthermore, Redsun provides tailored community value-added services to residents and property owners in residential areas, covering aspects such as property brokerage, interior design and renovation, local convenience solutions, asset management, and enhancements for shared community spaces. The company also branches into other areas, offering household support, broader decoration services, software maintenance, and pension-related services. Established in 2003 and based in Nanjing, China, Redsun Services Group Limited functions as a subsidiary of Redsun Services Group (Holdings) Limited.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
CN
CEO
Yichun Chen
Listed since
Jul 7, 2020
Employees
2,911

Market position

Day range

Current HK$0.335

52-week range

Current HK$0.335

Open
HK$0.34
Previous close
HK$0.36
Volume
11K
0.63× average
Average volume
17.59K
Average daily volume
Market cap
139.03M HKD
Beta
0.1
Market reference 1
50-day average
HK$0.3272
+2.38% above average
200-day average
HK$0.3612
-7.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-254.35M CNY
P/E (TTM)
-3.15×
P/B (TTM)
0.14×
P/S (TTM)
0.13×
EV / EBITDA
-2.39×
Earnings yield
-26.84%
Free cash flow yield
-97.80%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
22.05%
Operating margin
8.55%
Net margin
-4.05%
Return on equity
-4.48%
Return on assets
-2.06%
Return on invested capital
8.35%

Financial health

Debt / equity
0.02×
Current ratio
1.7×
Altman Z-score
2.14
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%19%6%-7%Gross margin, FY2021: 28.36%Gross margin, FY2022: 23.24%Gross margin, FY2023: 23.73%Gross margin, FY2024: 19.44%Gross margin, FY2025: 22.05%Operating margin, FY2021: 16.11%Operating margin, FY2022: 10.56%Operating margin, FY2023: 13.49%Operating margin, FY2024: 8.93%Operating margin, FY2025: 8.55%Net margin, FY2021: 11.32%Net margin, FY2022: 8.34%Net margin, FY2023: 1.02%Net margin, FY2024: 1.40%Net margin, FY2025: -4.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.36%. Gross margin FY2022 23.24%. Gross margin FY2023 23.73%. Gross margin FY2024 19.44%. Gross margin FY2025 22.05%. Operating margin FY2021 16.11%. Operating margin FY2022 10.56%. Operating margin FY2023 13.49%. Operating margin FY2024 8.93%. Operating margin FY2025 8.55%. Net margin FY2021 11.32%. Net margin FY2022 8.34%. Net margin FY2023 1.02%. Net margin FY2024 1.40%. Net margin FY2025 -4.05%.

Income trends

Revenue

951.44M CNY-7.33%

Operating income

81.31M CNY-11.29%

Net income

−38.52M CNY−52.91M CNY
Income trends across reported periods1.25B CNY779.43M CNY312.03M CNY−155.37M CNYRevenue, FY2021: 1.13B CNYRevenue, FY2022: 1.1B CNYRevenue, FY2023: 1.06B CNYRevenue, FY2024: 1.03B CNYRevenue, FY2025: 951.44M CNYOperating income, FY2021: 182.03M CNYOperating income, FY2022: 116.51M CNYOperating income, FY2023: 143.51M CNYOperating income, FY2024: 91.65M CNYOperating income, FY2025: 81.31M CNYNet income, FY2021: 127.96M CNYNet income, FY2022: 91.99M CNYNet income, FY2023: 10.87M CNYNet income, FY2024: 14.39M CNYNet income, FY2025: −38.52M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.13B CNY. Revenue FY2022 1.1B CNY. Revenue FY2023 1.06B CNY. Revenue FY2024 1.03B CNY. Revenue FY2025 951.44M CNY. Operating income FY2021 182.03M CNY. Operating income FY2022 116.51M CNY. Operating income FY2023 143.51M CNY. Operating income FY2024 91.65M CNY. Operating income FY2025 81.31M CNY. Net income FY2021 127.96M CNY. Net income FY2022 91.99M CNY. Net income FY2023 10.87M CNY. Net income FY2024 14.39M CNY. Net income FY2025 −38.52M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue951.44M CNY1.03B CNY1.06B CNY1.1B CNY1.13B CNY
Cost of goods sold741.62M CNY827.12M CNY811.19M CNY846.75M CNY809.57M CNY
Gross profit209.82M CNY199.56M CNY252.44M CNY256.37M CNY320.41M CNY
Selling, general, and administrative86.1M CNY105.18M CNY101.02M CNY133.75M CNY136.07M CNY
Operating expenses128.51M CNY107.91M CNY108.94M CNY123.91M CNY129.47M CNY
Interest income1.35M CNY2.31M CNY1.29M CNY945K CNY4.11M CNY
Interest expense864K CNY1.65M CNY2.33M CNY2.78M CNY19K CNY
Depreciation and amortization25.05M CNY22.11M CNY22.11M CNY24.87M CNY25.05M CNY
Operating income81.31M CNY91.65M CNY143.51M CNY116.51M CNY182.03M CNY
Net income−38.52M CNY14.39M CNY10.87M CNY91.99M CNY127.96M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.17

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.240.09-0.06-0.21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 23, 2022: actual 0.199, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual 0.06, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 23, 2023: actual 0.141, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 21, 2024: actual -0.111, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 0.095, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual -0.057, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 0.064, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual -0.167, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.7B1.27B845.61M417.08MQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 23, 2022: actual 648.81M HKD, estimate 1.61B HKD, surprise -59.65%, Miss. Q1 2023, reported Mar 23, 2023: actual 625.52M HKD, estimate 1.61B HKD, surprise -61.22%, Miss. Q3 2023, reported Aug 23, 2023: actual 587.57M HKD, estimate 1.61B HKD, surprise -63.57%, Miss. Q1 2024, reported Mar 21, 2024: actual 575.45M HKD, estimate 1.61B HKD, surprise -64.32%, Miss. Q3 2024, reported Aug 27, 2024: actual 499.72M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 597.16M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 558.4M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 24, 2026: actual 490.69M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Jul 2, 2021

HK$0.062

Special

Record Jul 5, 2021 · Payment Jul 23, 2021

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