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ITC Properties Group Limited
(0199)
ITC Properties Group Limited (0199) vs. iShares MSCI Hong Kong ETF (EWH)
ITC Properties Group Limited Business Overview & Revenue Model
ITC Properties Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.57M | 398.06M | 111.08M | 93.90M | 337.34M | 262.08M |
| Gross Profit | -140.28M | -337.76M | -45.69M | -4.76M | 45.16M | 72.08M |
| EBITDA | -356.48M | -708.44M | -202.98M | -207.26M | -219.47M | -211.65M |
| Net Income | 402.90M | -812.98M | -644.89M | -146.91M | 566.16M | -662.16M |
Balance Sheet | ||||||
| Total Assets | 4.10B | 3.57B | 4.75B | 5.68B | 6.71B | 6.60B |
| Cash, Cash Equivalents and Short-Term Investments | 31.56M | 67.11M | 49.13M | 91.87M | 324.13M | 429.63M |
| Total Debt | 1.20B | 937.00M | 1.37B | 1.44B | 1.46B | 2.69B |
| Total Liabilities | 1.51B | 1.36B | 1.68B | 1.88B | 2.51B | 3.11B |
| Stockholders Equity | 2.47B | 2.16B | 2.93B | 3.61B | 3.99B | 3.49B |
Cash Flow | ||||||
| Free Cash Flow | -138.71M | 134.88M | -48.63M | -143.13M | -151.90M | 72.56M |
| Operating Cash Flow | -138.53M | 135.00M | -46.49M | -125.14M | -149.97M | 88.24M |
| Investing Cash Flow | 214.89M | 451.26M | 20.90M | -4.66M | 447.52M | 367.01M |
| Financing Cash Flow | -45.95M | -560.72M | -10.80M | -99.57M | -317.99M | -734.17M |
ITC Properties Group Limited Technical Analysis
ITC Properties Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | HK$24.71B | 3.78 | -3.23% | 5.89% | 0.25% | -59.97% | |
52 Neutral | HK$149.89M | ― | -4.03% | ― | 12.86% | -269.71% | |
52 Neutral | HK$635.24M | ― | -1.07% | ― | 16.36% | -35.14% | |
46 Neutral | HK$312.08M | ― | -4.04% | ― | 12.86% | -297.41% | |
44 Neutral | HK$312.08M | ― | -18.37% | ― | -2.69% | -53.59% | |
41 Neutral | €197.92M | ― | -17.37% | ― | -3.54% | -49.42% | |
41 Neutral | HK$190.51M | ― | -31.95% | ― | 180.75% | -26.19% |
ITC Properties Group Limited Corporate Events
ITC Properties Group Limited has announced its upcoming annual general meeting on September 3, 2025, where shareholders will consider the company’s audited financial statements, re-elect retiring directors, and re-appoint Deloitte Touche Tohmatsu as the auditor. The meeting will also address resolutions to authorize the company’s directors to manage share capital activities, including the issuance and transfer of shares, under specific conditions. These decisions are expected to influence the company’s governance and financial strategies moving forward.
ITC Properties Group Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes a mix of executive, non-executive, and independent non-executive directors, with various members serving on key committees such as audit, remuneration, nomination, corporate governance, investment, and environmental, social, and governance committees. This announcement underscores the company’s commitment to robust corporate governance and strategic oversight, which may enhance its operational efficiency and stakeholder confidence.
ITC Properties Group Limited reported a significant increase in revenue for the year ended 31 March 2025, reaching HK$398 million, largely due to the sale of properties in Hong Kong and the UK. However, the company faced a net loss of HK$813 million, attributed to global economic challenges and a downturn in the real estate market. The company implemented measures to improve liquidity, including selling its interests in a hotel in Canada and joint ventures, which resulted in losses. Additionally, ITC Properties reached a compensation agreement with the Sanya City government in China, gaining HK$223.5 million. Despite these efforts, the company decided not to distribute dividends for the year.
ITC Properties Group Limited has outlined the terms of reference for its Nomination Committee, which is responsible for reviewing the structure, size, and composition of the Board, identifying qualified individuals for Board membership, and assessing the independence of non-executive Directors. The Nomination Committee, composed primarily of independent non-executive Directors, is empowered to seek necessary information from senior management and obtain independent professional advice to fulfill its duties, thus ensuring effective governance and alignment with the company’s corporate strategy.
ITC Properties Group Limited has released a supplemental announcement regarding its annual report for the year ending March 31, 2024. The announcement provides detailed information on the movements of share options within the company, indicating no new grants, exercises, or cancellations, but some lapses in options held by employees and a former director. This update clarifies the status of share options, which could impact stakeholders’ understanding of the company’s equity distribution and executive compensation strategies.
ITC Properties Group Limited has issued a profit warning, indicating an expected net loss of not less than HK$750 million for the year ending 31 March 2025, compared to a loss of approximately HK$644.9 million in the previous year. The increased loss is attributed to significant disposals of properties in Hong Kong and the UK, resulting in a gross loss of at least HK$250 million, and the disposal of equity interests in a Canadian hotel and joint ventures, leading to a loss of at least HK$320 million. However, the company anticipates a gain of not less than HK$200 million from compensation related to a land resumption agreement in Sanya City, China.
ITC Properties Group Limited has announced a board meeting scheduled for June 27, 2025, to approve the annual results for the year ending March 31, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.
ITC Properties Group Limited has announced several strategic measures to improve its liquidity and financial position following a disclaimer of opinion on its going concern status in the annual report. These measures include the disposal of equity interests in Bayshore and joint ventures, agreements for compensation related to land resumption in Sanya City, and the sale of properties in Hong Kong and the UK. The proceeds from these transactions have been used to repay significant amounts of bank and other borrowings, with additional efforts to streamline operations and reduce costs. The company is also in discussions for further property disposals in Hong Kong, indicating a proactive approach to stabilizing its financial health.