Richly Field China Development Limited (0313) AI Stock Analysis

• Market Cap: HK$95.68M
• Dividend Yield: N/A
• Average Volume (3M): 119.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: 230.64%
• EPS Growth: -14.21%
• Country: HK
• Employees: 154
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.04
• Shares Outstanding: 1,166,834,400
• 10 Day Avg. Volume: 132,933
• 30 Day Avg. Volume: 119,260
• PEG Ratio: -0.03
• Price to Book (P/B): 57.53
• Price to Sales (P/S): 1.00
• P/FCF Ratio: -10.75
• 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: 41 Neutral
• Price Target: HK$0.08 ▼(-3.75% Downside)

The score is held down primarily by very weak profitability and extreme leverage, which outweigh the strong revenue and free cash flow growth. Technicals also indicate a weak downtrend with negative momentum, while valuation is difficult to assess due to negative earnings and no dividend yield data.

Positive Factors

Revenue Growth

The company's substantial revenue growth indicates strong market demand and successful business expansion, which can enhance its competitive position in the real estate sector.

Free Cash Flow Growth

Positive free cash flow growth suggests effective cash management and the ability to reinvest in growth opportunities, supporting long-term financial health.

Strategic Partnerships

Strategic partnerships enhance access to prime development opportunities and potential subsidies, strengthening the company's market position and growth potential.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth and making it vulnerable to economic downturns.

Weak Profitability

Severely weak profitability indicates operational inefficiencies and high expenses, which could hinder long-term sustainability and investor confidence.

Negative Operating Cash Flow

Negative operating cash flow suggests the company struggles to generate sufficient cash from operations, which may impact its ability to cover expenses and invest in growth.

Richly Field China Development Limited Business Overview & Revenue Model

Company Description

Richly Field China Development Limited, an investment holding company, engages in the outlets commercial operation and development business in the People's Republic of China. The company develops and operates featured commercial properties, including tourism and senior care properties, and wine chateaus; and develops and manages residential properties. It is also involved in the home furnishing business; and trading of fashion wears and accessories. The company was formerly known as Dickson Group Holdings Limited and changed its name to Richly Field China Development Limited in March 2009. The company was incorporated in 1990 and is based in Kwai Chung, Hong Kong.

How the Company Makes Money

The company generates revenue primarily through its property development and management activities, which include residential and commercial projects. Key revenue streams include sales of developed properties, leasing income from commercial spaces, and project management fees. Richly Field also benefits from strategic partnerships with local developers and government entities, allowing for access to prime development opportunities and potential subsidies or incentives. Additionally, the company's investment portfolio in various sectors contributes to its earnings through dividends and capital gains.

Richly Field China Development Limited Financial Statement Overview

Summary

Richly Field China Development Limited shows a mixed financial performance. Despite significant revenue growth, the company is struggling with profitability and high leverage. The negative margins and high debt levels pose substantial risks. Although there is some improvement in free cash flow, the overall financial health remains concerning, with a need for improved operational efficiency and financial stability.

Income Statement

The company has experienced significant revenue growth of 228.09% in the most recent year, which is a positive indicator. However, the net profit margin is deeply negative at -203.70%, indicating substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high expenses relative to revenue. Despite the revenue growth, the overall profitability is concerning.

Balance Sheet

The debt-to-equity ratio is extremely high at 282.22, indicating a high level of leverage and potential financial risk. The equity ratio is very low, suggesting that the company is heavily reliant on debt financing. These factors highlight significant financial instability and potential risk for creditors and investors.

Cash Flow

The free cash flow growth rate is positive at 122.57%, which is a positive sign. However, the operating cash flow is negative, and the operating cash flow to net income ratio is also negative, indicating that the company is not generating sufficient cash from its operations to cover its net losses. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is marginally covering net income losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	123.18M	123.18M	31.92M	51.71M	637.64M	41.17M
Gross Profit	25.68M	32.93M	9.40M	15.13M	41.69M	10.71M
EBITDA	-200.56M	-200.61M	-169.29M	1.49B	-51.76M	-149.84M
Net Income	-250.42M	-250.92M	-222.26M	1.42B	-398.88M	-415.68M
Balance Sheet
Total Assets	1.78B	1.78B	1.98B	2.15B	5.22B	5.29B
Cash, Cash Equivalents and Short-Term Investments	11.76M	11.76M	17.68M	35.08M	65.98M	57.30M
Total Debt	603.95M	603.95M	594.22M	30.83M	539.62M	1.49B
Total Liabilities	1.78B	1.78B	1.74B	1.67B	6.08B	5.67B
Stockholders Equity	2.14M	2.14M	245.39M	475.67M	-852.28M	-384.96M
Cash Flow
Free Cash Flow	-11.46M	-11.46M	-8.47M	-95.65M	-64.38M	77.80M
Operating Cash Flow	-11.27M	-11.27M	-8.38M	-95.27M	-63.99M	79.29M
Investing Cash Flow	-193.00K	6.12M	-12.08M	-8.99M	805.00K	6.80M
Financing Cash Flow	3.87M	3.49M	14.97M	75.44M	84.75M	-59.14M

Richly Field China Development Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0313, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.11, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.83 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0313.

Richly Field China Development Limited 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%
0616	54 Neutral	HK$613.01M	-2.38	-5.14%	―	66.69%	88.69%
1417	49 Neutral	HK$81.34M	-1.40	-30.16%	―	12.37%	25.67%
1941	48 Neutral	HK$95.65M	-5.45	-6.82%	―	1.53%	22.83%
3603	48 Neutral	HK$73.15M	-0.68	-8.33%	―	-18.46%	-12.77%
0864	42 Neutral	HK$54.84M	-0.16	-55.99%	―	-8.18%	-212.59%
0313	41 Neutral	HK$95.68M	-0.39	-304.65%	―	230.64%	-14.21%

Richly Field China Development Limited Corporate Events

Richly Field China Moves to Resolve Audit Disclaimer as Qinhuangdao Talks Advance

Richly Field China Development Limited has provided an update on steps it is taking to address the disclaimer of opinion issued by its auditors on the group’s consolidated financial statements for the year ended 31 March 2025. The company is pursuing multiple measures, including efforts to restart its Qinhuangdao property project and further develop its Yinchuan project, securing continued financial backing from related parties, expanding its property management business, exploring new financing channels and investment opportunities, and tightening cost controls. Since the annual report, the group has held discussions with more than ten potential independent investors or partners for the resumption of the Qinhuangdao project and is in advanced talks with one potential investor on key cooperation terms such as capital injection, shareholding, governance, and profit sharing. However, despite a slight improvement in sentiment in China’s property market, investors remain cautious and no definitive agreements have been signed, leaving the group still negotiating to secure the partnerships needed to move the project forward and, in turn, to resolve the audit issues affecting its financial statements.

The most recent analyst rating on (HK:0313) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Richly Field China Development Limited stock, see the HK:0313 Stock Forecast page.

Richly Field China Development Limited Reports Interim Results with Continued Losses

Richly Field China Development Limited reported its unaudited interim results for the six months ending September 30, 2025, showing a slight increase in revenue but a continued net loss. The company faced a significant loss on the revaluation of investment properties and high finance costs, contributing to a comprehensive expense for the period. Despite these challenges, the company managed to reduce its overall loss compared to the previous year.

The most recent analyst rating on (HK:0313) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on Richly Field China Development Limited stock, see the HK:0313 Stock Forecast page.

Richly Field China Development to Review Interim Results and Dividend

Richly Field China Development Limited has announced that its board of directors will meet on November 28, 2025, to approve the interim results for the six months ending September 30, 2025, and to discuss the payment of an interim dividend. This meeting could have implications for the company’s financial performance and shareholder returns, potentially impacting its market positioning and investor confidence.

Richly Field China Development Limited Announces Change in Share Registrar

Richly Field China Development Limited announced a change in its Hong Kong branch share registrar and transfer office, effective from November 1, 2025. The new registrar will be Tricor Investor Services Limited, and this change is expected to streamline the company’s share registration and transfer processes, potentially impacting stakeholders by improving operational efficiency.

Richly Field China Development Limited Addresses Disclaimer Opinion with Strategic Measures

Richly Field China Development Limited is addressing a disclaimer opinion issued by its auditors on its consolidated financial statements for the year ended March 31, 2025. The company is taking measures such as restarting the Qinhuangdao property project, developing the Yinchuan project, securing financial support, and exploring new financing and investment opportunities. Despite some market improvements, the company has not yet finalized agreements with potential investors, but continues negotiations.