Greentown China Holdings Limited logo

Greentown China Holdings Limited

3900.HK

HKSEReal EstateReal Estate - Development

Latest quote

HK$7.775

−HK$0.125 · -1.58%

Aug 24, 11:04 AM HKT

3900.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Greentown China Holdings Limited operates as an investment holding company with a primary focus on real estate development and associated ventures across mainland China. Its operations are strategically divided into distinct segments: Property Development, Hotel Operations, Property Investment, and Project Management. The company's core business involves the construction and marketing of residential properties. Beyond building homes, Greentown China also offers a suite of services, including investment and asset stewardship, comprehensive project oversight, technological innovation, and interior design and finishing solutions. Further diversifying its portfolio, the company manages hotels, acquires and leases out various properties, and supplies building materials. By the close of 2021, specifically December 31st, its extensive land reserves amounted to an estimated gross floor area of 58.81 million square meters. Established in 1995, Greentown China Holdings Limited maintains its principal corporate office in Hangzhou, located in the People's Republic of China.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Hui Zhao
Listed since
Jul 13, 2006
Employees
8,734

Market position

Day range

Current HK$7.775

52-week range

Current HK$7.775

Open
HK$7.92
Previous close
HK$7.90
Volume
2.24M
0.22× average
Average volume
10.23M
Average daily volume
Market cap
19.75B HKD
Beta
0.85
Market reference 1
50-day average
HK$7.2722
+6.91% above average
200-day average
HK$8.9321
-12.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
89.95B CNY
P/E (TTM)
238.03×
P/B (TTM)
0.48×
P/S (TTM)
0.11×
EV / EBITDA
9.07×
Earnings yield
0.37%
Free cash flow yield
4.18%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
11.92%
Operating margin
5.92%
Net margin
0.05%
Return on equity
0.20%
Return on assets
0.02%
Return on invested capital
0.97%

Financial health

Debt / equity
3.8×
Current ratio
5.59×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%13%5%-2%Gross margin, FY2021: 18.12%Gross margin, FY2022: 17.32%Gross margin, FY2023: 12.99%Gross margin, FY2024: 12.76%Gross margin, FY2025: 11.92%Operating margin, FY2021: 10.07%Operating margin, FY2022: 10.74%Operating margin, FY2023: 7.05%Operating margin, FY2024: 7.21%Operating margin, FY2025: 6.05%Net margin, FY2021: 4.46%Net margin, FY2022: 2.17%Net margin, FY2023: 2.37%Net margin, FY2024: 1.01%Net margin, FY2025: 0.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.12%. Gross margin FY2022 17.32%. Gross margin FY2023 12.99%. Gross margin FY2024 12.76%. Gross margin FY2025 11.92%. Operating margin FY2021 10.07%. Operating margin FY2022 10.74%. Operating margin FY2023 7.05%. Operating margin FY2024 7.21%. Operating margin FY2025 6.05%. Net margin FY2021 4.46%. Net margin FY2022 2.17%. Net margin FY2023 2.37%. Net margin FY2024 1.01%. Net margin FY2025 0.05%.

Income trends

Revenue

154.97B CNY-2.26%

Operating income

9.37B CNY-18.04%

Net income

70.99M CNY-95.55%
Income trends across reported periods174.39B CNY111B CNY47.61B CNY−15.78B CNYRevenue, FY2021: 100.24B CNYRevenue, FY2022: 127.15B CNYRevenue, FY2023: 131.38B CNYRevenue, FY2024: 158.55B CNYRevenue, FY2025: 154.97B CNYOperating income, FY2021: 10.09B CNYOperating income, FY2022: 13.66B CNYOperating income, FY2023: 9.27B CNYOperating income, FY2024: 11.44B CNYOperating income, FY2025: 9.37B CNYNet income, FY2021: 4.47B CNYNet income, FY2022: 2.76B CNYNet income, FY2023: 3.12B CNYNet income, FY2024: 1.6B CNYNet income, FY2025: 70.99M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 100.24B CNY. Revenue FY2022 127.15B CNY. Revenue FY2023 131.38B CNY. Revenue FY2024 158.55B CNY. Revenue FY2025 154.97B CNY. Operating income FY2021 10.09B CNY. Operating income FY2022 13.66B CNY. Operating income FY2023 9.27B CNY. Operating income FY2024 11.44B CNY. Operating income FY2025 9.37B CNY. Net income FY2021 4.47B CNY. Net income FY2022 2.76B CNY. Net income FY2023 3.12B CNY. Net income FY2024 1.6B CNY. Net income FY2025 70.99M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue154.97B CNY158.55B CNY131.38B CNY127.15B CNY100.24B CNY
Cost of goods sold136.49B CNY138.32B CNY114.31B CNY105.13B CNY82.07B CNY
Gross profit18.47B CNY20.23B CNY17.07B CNY22.02B CNY18.17B CNY
Selling, general, and administrative7.06B CNY7.76B CNY7.87B CNY8.29B CNY8.03B CNY
Operating expenses9.1B CNY8.79B CNY8.1B CNY8.58B CNY8.08B CNY
Interest income948.12M CNY2.28B CNY2.19B CNY2.5B CNY1.93B CNY
Interest expense2.17B CNY2.58B CNY2.92B CNY2.73B CNY2.3B CNY
Depreciation and amortization544.04M CNY543.54M CNY779.66M CNY517.73M CNY437.24M CNY
Operating income9.37B CNY11.44B CNY9.27B CNY13.66B CNY10.09B CNY
Net income70.99M CNY1.6B CNY3.12B CNY2.76B CNY4.47B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
-6.76%
11 comparable reports
Latest EPS result
-0.06
Estimate 1.18 · Miss by 105.16%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.280.80.32-0.16Q4 '22MissQ2 '23MetQ1 '24BeatQ2 '24MissQ1 '25BeatQ2 '25MissQ1 '26MissQ3 '26Estimate
Q4 2022, reported Dec 31, 2022: actual 0.411, estimate 1.01, surprise -59.36%, Miss. Q2 2023, reported Jun 30, 2023: actual 1.07, estimate 1.07, surprise 0.00%, Met estimate. Q1 2024, reported Mar 22, 2024: actual 1.1, estimate 0.748, surprise +47.06%, Beat. Q2 2024, reported Jun 30, 2024: actual 0.867, estimate 0.935, surprise -7.27%, Miss. Q1 2025, reported Mar 28, 2025: actual 0.66, estimate 0.373, surprise +77.18%, Beat. Q2 2025, reported Jun 30, 2025: actual 0.09, estimate 0.778, surprise -88.38%, Miss. Q1 2026, reported Mar 30, 2026: actual -0.061, estimate 1.18, surprise -105.16%, Miss. Q3 2026, reported Aug 25, 2026: actual —, estimate 0.808, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates117.59B96.35B75.11B53.87BQ4 '22BeatQ2 '23BeatQ1 '24MissQ2 '24BeatQ1 '25BeatQ2 '25MissQ1 '26BeatQ3 '26Estimate
Q4 2022, reported Dec 31, 2022: actual 71.09B HKD, estimate 70.22B HKD, surprise +1.25%, Beat. Q2 2023, reported Jun 30, 2023: actual 61.62B HKD, estimate 60.53B HKD, surprise +1.79%, Beat. Q1 2024, reported Mar 22, 2024: actual 81.86B HKD, estimate 91.33B HKD, surprise -10.37%, Miss. Q2 2024, reported Jun 30, 2024: actual 74.7B HKD, estimate 65.2B HKD, surprise +14.57%, Beat. Q1 2025, reported Mar 28, 2025: actual 94.71B HKD, estimate 73.42B HKD, surprise +28.99%, Beat. Q2 2025, reported Jun 30, 2025: actual 58.39B HKD, estimate 66.34B HKD, surprise -11.98%, Miss. Q1 2026, reported Mar 30, 2026: actual 113.07B HKD, estimate 101.1B HKD, surprise +11.84%, Beat. Q3 2026, reported Aug 25, 2026: actual —, estimate 63.15B HKD, surprise —, Comparison unavailable.

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