Joy City Property Limited (0207) AI Stock Analysis

• Market Cap: €5.41B
• Dividend Yield: 1.95%
• Average Volume (3M): 28.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: 48.92%
• EPS Growth: -176.75%
• Country: HK
• Employees: 3,524
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Diversified
• EPS (TTM): -0.03
• Shares Outstanding: 14,231,125,000
• 10 Day Avg. Volume: 61,413,000
• 30 Day Avg. Volume: 28,053,066
• PEG Ratio: -1.25
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.68
• 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

• Rating: 46 Neutral
• Price Target: ―

Joy City Property Limited scores low due to its financial performance weaknesses, particularly with net losses and cash flow issues, which heavily impact its operational efficiency and financial sustainability. The technical analysis indicates a neutral market position without clear momentum. Valuation concerns are notable due to a negative P/E ratio, although the dividend yield offers some investor appeal. The absence of recent earnings call data or significant corporate events means these factors do not mitigate the overall risk.

Joy City Property Limited Business Overview & Revenue Model

Company Description

Joy City Property Limited (0207) is a prominent real estate company based in Hong Kong, specializing in the development, investment, and management of mixed-use commercial properties. The company is known for its flagship 'Joy City' complexes, which are strategically located in major cities across China. These complexes typically integrate retail, office, and residential spaces, catering to a diverse clientele. Joy City Property Limited focuses on creating vibrant urban spaces that enhance consumer experiences and support sustainable urban development.

How the Company Makes Money

Joy City Property Limited generates revenue primarily through property development, property investment, and property management. The company earns substantial income from the sale and pre-sale of residential and commercial properties within its mixed-use developments. Additionally, it derives rental income from leasing retail and office spaces in its 'Joy City' complexes. Property management fees from overseeing these complexes add another revenue stream. The company's earnings are further supported by strategic partnerships with retailers and other commercial entities, enhancing the value and attractiveness of their properties. Joy City Property Limited's focus on high-traffic urban areas ensures a steady demand for its diverse offerings, contributing to consistent revenue generation.

Joy City Property Limited Financial Statement Overview

Summary

Joy City Property Limited faces mixed financial health with stable gross profitability but concerning net losses and cash flow issues. The balance sheet remains leveraged, posing potential risks amidst profitability struggles. While the real estate industry is capital intensive, the company's negative net income and zero operating cash flow in the latest period raise concerns about its operational efficiency and financial sustainability.

Income Statement

The company experienced significant fluctuations in revenue and profit margins. The gross profit margin is healthy at 100% for the latest year, but the net profit margin has turned negative, indicating challenges in cost control or revenue collection. Revenue growth was inconsistent, with a decline in the latest year compared to the previous year.

Balance Sheet

The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.98, which is relatively stable. However, the equity ratio of 25.7% suggests a moderate reliance on debt for asset financing. Return on equity has turned negative, indicating profitability issues impacting shareholder returns.

Cash Flow

The cash flow statement reveals a troubling trend with operating cash flow at zero in the latest year, and free cash flow growth is unavailable. The absence of positive cash flow metrics highlights potential liquidity concerns, impacting the company's ability to reinvest and manage debt.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.83B	13.27B	20.86B	12.55B	13.92B
Gross Profit	5.64B	5.64B	6.43B	4.95B	5.26B
EBITDA	0.00	5.49B	4.14B	3.62B	5.18B
Net Income	-78.38M	634.35M	530.77M	591.67M	1.32B
Balance Sheet
Total Assets	135.22B	143.62B	140.00B	131.02B	124.17B
Cash, Cash Equivalents and Short-Term Investments	19.12B	19.43B	16.90B	10.35B	16.05B
Total Debt	44.50B	44.42B	45.97B	39.24B	35.14B
Total Liabilities	79.83B	87.18B	81.91B	73.00B	70.57B
Stockholders Equity	34.71B	35.52B	37.17B	38.17B	36.61B
Cash Flow
Free Cash Flow	4.15B	7.84B	6.53B	-5.32B	3.57B
Operating Cash Flow	4.28B	7.92B	6.58B	-5.22B	3.63B
Investing Cash Flow	-175.24M	5.16B	-3.89B	-2.74B	49.10M
Financing Cash Flow	-4.42B	-10.55B	3.77B	2.25B	672.36M

Joy City Property Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0207, the sentiment is Positive. The current price of 0.37 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.24, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 89.64 is Negative, neither overbought nor oversold. The STOCH value of 92.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0207.

Joy City Property Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1109	76 Outperform	$207.15B	7.47	9.66%	8.41%	9.97%	-19.80%
Sector *	54 Neutral	$1.18B	3.56	0.13%	6.38%	-2.13%	-128.06%
0813	50 Neutral	$3.11B	―	-380.16%	―	-1.39%	-66.84%
3380	50 Neutral	HK$6.31B	―	-29.26%	―	-51.37%	29.94%
0207	46 Neutral	€5.41B	―	-0.98%	1.95%	48.92%	-176.75%

Joy City Property Limited Corporate Events

Joy City Property Limited Secures Approval for Medium-Term Notes

Joy City Property Limited announced the approval for the registration of medium-term notes by its subsidiary, COFCO Commercial Property Investment Co., Ltd. The notes, with a total nominal value of up to RMB1.5 billion, will be issued in tranches to qualified investors and traded on the National Inter-bank Bond Market. This move is expected to enhance the company’s financial flexibility and strengthen its market position in the real estate sector.

Joy City Property Limited Announces 2025 Annual General Meeting

Joy City Property Limited has announced its upcoming annual general meeting to be held on June 5, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of financial statements, re-election of directors, and authorization for the board to fix remuneration. Additionally, shareholders will consider a resolution to authorize the company to repurchase up to 10% of its shares, reflecting a strategic move to manage its equity and potentially enhance shareholder value.

Joy City Property Limited Reports Strong Revenue Growth in 2024

Joy City Property Limited reported a substantial increase in total operating revenue for the year ended December 31, 2024, amounting to RMB19,831.0 million, a 49.4% rise from the previous year. The company’s property development income saw a significant surge of 88.8%, while rental and hotel operation incomes experienced declines. Despite a decrease in contracted sales area, the average unit selling price increased by 17%. The company successfully reduced its average borrowing cost to 4.10% by leveraging strong banking relationships and optimizing its financing structure, amidst high USD interest rates.

Joy City Property Limited Reports 2024 Operating Figures with Mixed Results

Joy City Property Limited has released its unaudited operating figures for the year ended December 31, 2024, showing varied occupancy rates across its property investments, with significant increases in some locations like Shanghai Jingan Joy City and declines in others like Chongqing Joy City. The company’s property development segment reported contracted sales of approximately RMB20,548 million, while its hotel operations showed occupancy rates ranging from 70% to 91%, with varying average revenues per available room. These figures are based on internal records and have not been audited, indicating potential discrepancies with future audited financial statements.

Joy City Property Limited Schedules Board Meeting for Annual Results Approval

Joy City Property Limited has announced that its board of directors will meet on March 27, 2025, to approve the company’s annual results for the year ending December 31, 2024, and to consider recommending a final dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns for shareholders, impacting its market positioning and stakeholder interests.

Joy City Property Limited Issues Profit Warning for FY2024

Joy City Property Limited has issued a profit warning, indicating an expected loss of RMB240 million to RMB340 million for the fiscal year 2024, compared to a profit of RMB340 million in 2023. This downturn is attributed to a decrease in profit share from associates and joint ventures due to the settlement and development cycle of its projects, along with reduced gains from the disposal of subsidiaries.