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E-Star Commercial Management Company Limited logo

E-Star Commercial Management Company Limited

6668.HK

HKSEReal EstateReal Estate - Services

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Latest quote

HK$1.28

−HK$0.01 · -0.78%

Aug 24, 9:52 AM HKTData delayed

6668.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

E-Star Commercial Management Company Limited operates as an investment holding company, specializing in providing extensive operational services for commercial properties across the People's Republic of China. The company assists both property owners and tenants, employing three distinct service paradigms: the Entrusted Management Service Model, the Brand and Management Output Service Model, and the Sublease Service Model. Its array of services spans from initial planning and advisory – encompassing market positioning, business strategy consultation, design and construction guidance, and tenant acquisition – to ongoing management. This operational oversight includes crafting strategic initiatives, organizing marketing and promotional activities, managing tenant relationships, maintaining properties, and facilitating rent collection. Under its sublease model, E-Star also engages in property leasing, sub-letting commercial units to a variety of occupants. Additionally, it offers value-added services such as managing communal areas within its shopping centers, which are often utilized for temporary retail outlets or promotional setups, and overseeing advertising opportunities, including LED screens and the internal and external facades of the properties under its management. Direct leasing of commercial spaces to tenants is also part of its offerings. The company delivers its commercial property operational expertise through well-known brands including COCO Park, COCO City, COCO Garden, iCO, and Top Living, serving diverse commercial venues like shopping malls, commercial streets, and integrated complexes. By the close of 2021, E-Star was actively managing 84 commercial property projects distributed across 25 Chinese cities. Founded in Shenzhen, PRC, in 2004, E-Star Commercial Management Company Limited is a part of Go Star Investment Holding Limited.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
CN
CEO
Qunsheng Chen
Listed since
Jan 26, 2021
Employees
874

Market position

52-week range

Current HK$1.28

Open
HK$1.28
Previous close
HK$1.29
Volume
40K
0.22× average
Average volume
179.3K
Average daily volume
Market cap
1.3B HKD
Beta
1.05
Market reference 1
50-day average
HK$1.2662
+1.09% above average
200-day average
HK$1.351
-5.25% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.42B CNY
P/E (TTM)
7.79×
P/B (TTM)
0.88×
P/S (TTM)
1.91×
EV / EBITDA
6.06×
Earnings yield
11.45%
Free cash flow yield
13.97%
Dividend yield
10.55%

Profitability & efficiency

Gross margin
47.74%
Operating margin
32.05%
Net margin
24.47%
Return on equity
11.25%
Return on assets
6.23%
Return on invested capital
7.38%

Financial health

Debt / equity
0.54×
Current ratio
4.14×
Altman Z-score
2.83
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%48%34%21%Gross margin, FY2021: 57.75%Gross margin, FY2022: 55.72%Gross margin, FY2023: 52.53%Gross margin, FY2024: 46.22%Gross margin, FY2025: 47.74%Operating margin, FY2021: 42.04%Operating margin, FY2022: 35.07%Operating margin, FY2023: 38.90%Operating margin, FY2024: 30.24%Operating margin, FY2025: 32.05%Net margin, FY2021: 32.32%Net margin, FY2022: 27.46%Net margin, FY2023: 26.94%Net margin, FY2024: 23.97%Net margin, FY2025: 24.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.75%. Gross margin FY2022 55.72%. Gross margin FY2023 52.53%. Gross margin FY2024 46.22%. Gross margin FY2025 47.74%. Operating margin FY2021 42.04%. Operating margin FY2022 35.07%. Operating margin FY2023 38.90%. Operating margin FY2024 30.24%. Operating margin FY2025 32.05%. Net margin FY2021 32.32%. Net margin FY2022 27.46%. Net margin FY2023 26.94%. Net margin FY2024 23.97%. Net margin FY2025 24.47%.

Income trends

Revenue

582.9M CNY-9.56%

Operating income

186.82M CNY-4.16%

Net income

142.63M CNY-7.67%
Income trends across reported periods694.73M CNY493.97M CNY293.2M CNY92.44M CNYRevenue, FY2021: 572.21M CNYRevenue, FY2022: 561.85M CNYRevenue, FY2023: 635.01M CNYRevenue, FY2024: 644.54M CNYRevenue, FY2025: 582.9M CNYOperating income, FY2021: 240.53M CNYOperating income, FY2022: 197.06M CNYOperating income, FY2023: 247.05M CNYOperating income, FY2024: 194.94M CNYOperating income, FY2025: 186.82M CNYNet income, FY2021: 184.92M CNYNet income, FY2022: 154.28M CNYNet income, FY2023: 171.1M CNYNet income, FY2024: 154.47M CNYNet income, FY2025: 142.63M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 572.21M CNY. Revenue FY2022 561.85M CNY. Revenue FY2023 635.01M CNY. Revenue FY2024 644.54M CNY. Revenue FY2025 582.9M CNY. Operating income FY2021 240.53M CNY. Operating income FY2022 197.06M CNY. Operating income FY2023 247.05M CNY. Operating income FY2024 194.94M CNY. Operating income FY2025 186.82M CNY. Net income FY2021 184.92M CNY. Net income FY2022 154.28M CNY. Net income FY2023 171.1M CNY. Net income FY2024 154.47M CNY. Net income FY2025 142.63M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue582.9M CNY644.54M CNY635.01M CNY561.85M CNY572.21M CNY
Cost of goods sold304.63M CNY346.64M CNY301.45M CNY248.82M CNY241.78M CNY
Gross profit278.27M CNY297.91M CNY333.56M CNY313.04M CNY330.43M CNY
Selling, general, and administrative83.42M CNY101.82M CNY95.99M CNY94.57M CNY87.89M CNY
Operating expenses91.44M CNY102.97M CNY86.51M CNY115.98M CNY89.9M CNY
Interest income27.57M CNY33.78M CNY38.1M CNY36.36M CNY27.11M CNY
Interest expense37.07M CNY36.43M CNY38.29M CNY23.34M CNY3.87M CNY
Depreciation and amortization46.77M CNY46.54M CNY46.54M CNY27.36M CNY7.33M CNY
Operating income186.82M CNY194.94M CNY247.05M CNY197.06M CNY240.53M CNY
Net income142.63M CNY154.47M CNY171.1M CNY154.28M CNY184.92M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.140.110.080.05Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 25, 2022: actual 0.101, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 0.065, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.096, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 0.097, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 0.091, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.069, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.094, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual 0.061, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates814.66M629.26M443.85M258.45MQ3 '22No estimateQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 25, 2022: actual 296.81M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 344.26M HKD, estimate 689.48M HKD, surprise -50.07%, Miss. Q3 2023, reported Aug 30, 2023: actual 310.31M HKD, estimate 776.3M HKD, surprise -60.03%, Miss. Q1 2024, reported Mar 20, 2024: actual 344.55M HKD, estimate 774.53M HKD, surprise -55.52%, Miss. Q3 2024, reported Aug 29, 2024: actual 345.31M HKD, estimate 695.57M HKD, surprise -50.36%, Miss. Q1 2025, reported Mar 27, 2025: actual 351.86M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 310.65M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual 332.27M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.133

2025 complete year-1.5% since 2022

2026 partial: HK$0.085

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 10, 2026

HK$0.085

Semi-Annual

Record Jun 12, 2026 · Payment Jul 10, 2026

Dividend

Ex-dividend Nov 26, 2025

HK$0.05

Semi-Annual

Record Nov 28, 2025 · Payment Dec 19, 2025

Dividend

Ex-dividend Jun 11, 2025

HK$0.083

Semi-Annual

Record Jun 12, 2025 · Payment Jul 10, 2025

Dividend

Ex-dividend Nov 27, 2024

HK$0.048

Semi-Annual

Record Nov 29, 2024 · Payment Dec 20, 2024

Dividend

Ex-dividend Jun 12, 2024

HK$0.13

Annual

Record Jun 14, 2024 · Payment Jul 10, 2024

Dividend

Ex-dividend Jun 13, 2023

HK$0.07

Annual

Record Jun 14, 2023 · Payment Jul 7, 2023

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