Landsea Green Properties Co., Ltd. (0106) AI Stock Analysis

• Market Cap: HK$86.60M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: -81.13%
• EPS Growth: -71.68%
• Country: HK
• Employees: 685
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 4,722,307,600
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.03
• Price to Sales (P/S): 0.03
• P/FCF Ratio: -0.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: HK$0.02 ▼(-10.00% Downside)

The overall stock score is primarily driven by the company's poor financial performance, characterized by declining revenues, negative profitability, and liquidity challenges. Technical analysis indicates weak momentum, and valuation metrics are unfavorable due to negative earnings and lack of dividends.

Positive Factors

Sustainable Building Practices

Landsea Green Properties' commitment to sustainable building practices positions it well in a market increasingly focused on eco-friendly solutions, potentially attracting environmentally conscious buyers and qualifying for government incentives.

Strategic Market Investments

Investing in prime real estate markets can enhance long-term profitability and market presence, providing a competitive edge by capitalizing on high-demand locations.

Government Incentives

Qualifying for government incentives can improve profitability and cash flow, supporting financial stability and enabling further investment in sustainable projects.

Negative Factors

Declining Revenue

A sharp decline in revenue over several years suggests weakening market demand or competitive pressures, which could affect the company's ability to sustain operations and invest in growth.

High Leverage

High leverage with negative equity indicates financial instability, increasing the risk of insolvency and limiting the company's ability to finance new projects or weather economic downturns.

Negative Cash Flow

Persistent negative cash flow highlights liquidity challenges, restricting the company's ability to cover capital expenditures and potentially leading to operational difficulties.

Landsea Green Properties Co., Ltd. Business Overview & Revenue Model

Company Description

Landsea Green Properties Co., Ltd., an investment holding company, develops and sells properties in Mainland China and the United States. The company operates through Property Development and Sales in Mainland China, Property Development and Sales in the US, Management Services, and Office Property Investment segments. It is also involved in the property leasing business. The company was formerly known as Landsea Green Group Co., Ltd. and changed its name to Landsea Green Properties Co., Ltd. in November 2019. The company was incorporated in 1990 and is headquartered in Central, Hong Kong. Landsea Green Properties Co., Ltd. is a subsidiary of Greensheid Corporation.

How the Company Makes Money

Landsea Green Properties generates revenue primarily through the sales and leasing of residential and commercial properties. The company earns income from the development of real estate projects, where it sells units directly to consumers or investors. Additional revenue streams include property management services, where it manages residential and commercial properties for third-party owners. The company also engages in joint ventures and partnerships with local governments and other developers, which can provide access to land and financing, further enhancing its earnings potential. Factors contributing to its revenue include market demand for sustainable properties, government incentives for green building, and its strategic positioning in urban areas with high growth potential.

Landsea Green Properties Co., Ltd. Financial Statement Overview

Summary

The company is facing significant financial challenges, with declining revenues, negative profitability metrics, high leverage, negative equity, and severe cash management issues. These factors indicate financial distress and potential solvency risks.

Income Statement

The company's income statement shows significant challenges, with declining revenues and negative profitability metrics. Over the years, the gross profit margin and net profit margin have deteriorated, with the most recent year showing a gross profit margin of 18.07% and a net loss. Revenue has decreased sharply from 2020 to 2024, indicating a negative growth trajectory. The EBIT and EBITDA margins are also negative, signaling operational inefficiencies and financial distress.

Balance Sheet

The balance sheet highlights financial instability, with the company experiencing negative stockholders' equity in recent years, indicating more liabilities than assets. The debt-to-equity ratio is not calculable due to negative equity, but total debt remains high. The return on equity is negative due to consistent net losses. The equity ratio has turned negative, pointing to high leverage and potential solvency risks.

Cash Flow

Cash flow analysis reveals severe cash management issues, with consistently negative free cash flow from 2019 to 2024, indicating the company is not generating enough cash to cover its capital expenditures. Operating cash flow was also negative in recent years, with the latest period showing zero cash flows in all categories, highlighting liquidity challenges and potential operational difficulties.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.73B	9.04B	14.02B	8.08B	8.99B
Gross Profit	311.80M	1.11B	1.35B	1.67B	1.71B
EBITDA	-264.56M	-545.54M	-266.90M	-194.55M	886.54M
Net Income	-1.51B	-860.79M	-2.45B	-696.19M	32.59M
Balance Sheet
Total Assets	9.32B	19.35B	19.99B	27.88B	24.70B
Cash, Cash Equivalents and Short-Term Investments	553.07M	988.16M	1.25B	4.10B	5.13B
Total Debt	2.81B	7.83B	7.45B	8.58B	6.61B
Total Liabilities	10.88B	17.28B	17.29B	22.30B	19.21B
Stockholders Equity	-1.50B	-11.03M	716.86M	3.92B	4.98B
Cash Flow
Free Cash Flow	-988.84M	-379.92M	-493.42M	-3.22B	1.71B
Operating Cash Flow	-980.23M	-316.31M	-484.92M	-3.19B	1.73B
Investing Cash Flow	717.94M	259.44M	-1.08B	636.29M	-89.00M
Financing Cash Flow	-338.56M	-191.17M	-1.39B	1.51B	-926.12M

Landsea Green Properties Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0106, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.89 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0106.

Landsea Green Properties Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1862	47 Neutral	HK$20.00M	>-0.01	―	―	-43.92%	-90.83%
1560	46 Neutral	HK$75.70M	-0.19	-40.52%	―	-52.37%	15.93%
1124	45 Neutral	HK$92.87M	-0.29	-32.62%	―	3574.59%	48.95%
0755	42 Neutral	HK$63.39M	-0.20	-61.82%	―	-46.78%	3.78%
0106	39 Underperform	HK$86.60M	-0.05	―	―	-81.13%	-71.68%
0456	38 Underperform	HK$93.29M	-0.48	-37.65%	―	-54.13%	24.72%

Landsea Green Properties Co., Ltd. Corporate Events

Landsea Green Steps Up Sales, Financing and Cost Cuts to Address Going-Concern Warning

Landsea Green Management Limited has provided a quarterly update on its action plan to address the auditors’ disclaimer of opinion on its 2024 financial statements, which stemmed from uncertainties over its ability to continue as a going concern. From January to November 2025, the group recorded RMB5.935 billion in cumulative contracted sales including entrusted management projects, while actively adjusting sales and presales strategies to align with market demand and improve cash collection. The company is negotiating payment arrangements with major contractors and suppliers to support presales launches and timely project completion, and continues restructuring talks on US$33.37 million of default senior notes while monitoring other financial borrowings. It is also seeking new development financing, including special loans for guaranteed delivery of buildings in Chongqing Central Park and Hangzhou Lin’an projects, and pursuing asset disposal and equity-sale opportunities in investment properties and related joint ventures, with the Jiefang Tower project generating sufficient proceeds to cover its overdue loans. In parallel, Landsea is accelerating the recovery of management service receivables and tightening administrative costs through its “Elite Workforce” initiative, steps that collectively aim to stabilise liquidity, mitigate default risks and ultimately resolve the going-concern issues flagged by auditors.

The most recent analyst rating on (HK:0106) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Landsea Green Properties Co., Ltd. stock, see the HK:0106 Stock Forecast page.

Landsea Green Faces Extended Trading Suspension Amid Financial Woes

Landsea Green Management Limited announced a continued suspension of trading of its shares due to operational difficulties, including a manpower shortage and financial deterioration caused by key employee departures and the challenging real estate market in China. Despite efforts to address these issues through recruitment and cost control measures like the ‘Elite Workforce’ initiative, the company has yet to publish interim financial results for the first half of 2025 and remains hindered in its ability to attract suitable talent.

The most recent analyst rating on (HK:0106) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Landsea Green Properties Co., Ltd. stock, see the HK:0106 Stock Forecast page.

Landsea Green Management Updates on Operations Amid Trading Suspension

Landsea Green Management Limited has announced a quarterly update on its business operations and financial status amidst a continued suspension of trading. The company is actively adjusting its sales activities to meet market demands and has achieved a contracted sales amount of RMB5.4 billion from January to October 2025. Despite the trading suspension, there has been no significant adverse impact on operations. The company is implementing measures to alleviate liquidity pressures, including adjusting sales strategies, negotiating with creditors, and disposing of certain assets. Discussions are ongoing to formulate a viable resumption plan for trading.

The most recent analyst rating on (HK:0106) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Landsea Green Properties Co., Ltd. stock, see the HK:0106 Stock Forecast page.

Landsea Green Faces Trading Suspension and Compliance Challenges

Landsea Green Management Limited, a company listed on the Hong Kong Stock Exchange, is currently facing a suspension of trading in its securities. The company has received guidance from the Stock Exchange to address outstanding financial results, demonstrate compliance with listing rules, and inform the market of material information. The company must resolve these issues by February 2027 to avoid potential delisting.