Gemdale Properties & Investment (0535) AI Stock Analysis

• Market Cap: HK$2.62B
• Dividend Yield: 0.66%
• Average Volume (3M): 12.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: -10.67%
• EPS Growth: -41.50%
• Country: HK
• Employees: 2,500
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.07
• Shares Outstanding: 16,613,688,000
• 10 Day Avg. Volume: 26,431,800
• 30 Day Avg. Volume: 12,596,536
• PEG Ratio: <0.01
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.33
• P/FCF Ratio: -22.65
• 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: 46 Neutral
• Price Target: HK$0.20 ▲(25.00% Upside)

The overall stock score for Gemdale Properties & Investment is primarily impacted by its poor financial performance, with significant declines in revenue, profit margins, and cash flow generation. Technical analysis provides some short-term bullish signals, but caution is advised due to the nearing overbought RSI. Valuation metrics are weak, with a negative P/E ratio and low dividend yield, further weighing down the overall score.

Positive Factors

Urban Redevelopment Initiatives

Gemdale's focus on urban redevelopment projects positions it to benefit from evolving urban areas, potentially driving long-term growth and sustainability.

Strategic Partnerships

These partnerships provide Gemdale with access to prime development sites and better financing, strengthening its competitive position in the real estate market.

Property Management Services

Diversified revenue streams from property management services help stabilize income and enhance the value of real estate assets, supporting long-term financial health.

Negative Factors

Revenue Decline

A significant drop in revenue indicates challenges in market demand or sales execution, potentially impacting the company's ability to sustain operations and growth.

Negative Profit Margins

Deteriorating profit margins reflect inefficiencies and cost management issues, threatening long-term profitability and financial stability.

Increased Leverage

Higher leverage raises financial risk and limits flexibility, potentially constraining the company's ability to invest in growth opportunities.

Gemdale Properties & Investment Business Overview & Revenue Model

Company Description

Gemdale Properties and Investment Corporation Limited, an investment holding company, engages in the property investment, development, and management activities in Mainland China. The company operates through Property Development, Property Investment and Management, and Micro-Finance segments. It develops and sells residential and commercial properties; undertakes fitting-out works; and invests in and manages business parks and commercial properties, as well as offers financial services to property buyers and small businesses. The company was formerly known as Frasers Property (China) Limited and changed its name to Gemdale Properties and Investment Corporation Limited in March 2013. Gemdale Properties and Investment Corporation Limited is headquartered in Shenzhen, China.

How the Company Makes Money

Gemdale generates revenue primarily through the sale of residential and commercial properties, which constitutes a significant portion of its income. The company engages in property development projects, where it acquires land, constructs buildings, and sells the completed units to homebuyers and investors. In addition to property sales, Gemdale earns revenue from leasing commercial properties and providing property management services to maintain and enhance the value of its real estate assets. Strategic partnerships with local governments and other real estate firms also play a crucial role in its operations, facilitating access to prime development sites and enhancing project financing options. The company may also benefit from investments in urban redevelopment initiatives, which can yield long-term financial returns as urban areas evolve and grow.

Gemdale Properties & Investment Financial Statement Overview

Summary

Gemdale Properties & Investment is facing significant financial difficulties. Revenue and profit margins have deteriorated sharply, leverage has increased, and cash flow generation is non-existent in the latest period. These factors suggest a challenging financial outlook, requiring strategic adjustments to improve profitability and liquidity.

Income Statement

The income statement shows a concerning decline. Revenue decreased by 24.38% from 2023 to 2024, while net income turned negative, indicating a significant deterioration in profitability. Gross profit margin dropped to 3.83% in 2024, down from 20.71% in 2023, highlighting decreased efficiency in managing costs. EBIT and EBITDA margins also turned negative, indicating operational challenges.

Balance Sheet

The balance sheet presents a mixed picture. The debt-to-equity ratio increased to 1.26 in 2024 from 0.55 in 2023, suggesting higher leverage and financial risk. However, the equity ratio is at 23.30%, indicating a moderate level of equity financing. Return on equity turned negative, reflecting the loss in net income and raising concerns about the company's ability to generate returns for shareholders.

Cash Flow

The cash flow statement highlights significant issues, with operating and free cash flows both at zero for 2024, indicating no cash generation from operations. The lack of free cash flow growth poses a challenge for funding operations and investments, and suggests liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.38B	13.20B	17.45B	10.30B	14.18B	16.88B
Gross Profit	1.18B	2.43B	3.61B	209.48M	930.09M	5.54B
EBITDA	228.83M	49.80M	3.19B	40.89M	792.80M	5.38B
Net Income	-3.40B	-4.57B	342.72M	2.32B	4.01B	4.35B
Balance Sheet
Total Assets	67.61B	75.99B	91.10B	85.99B	77.08B	64.41B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.82B	2.45B	6.05B	8.77B	7.15B
Total Debt	21.97B	12.13B	12.39B	7.03B	6.19B	19.79B
Total Liabilities	47.32B	54.93B	64.75B	59.01B	52.49B	43.31B
Stockholders Equity	16.82B	17.70B	22.48B	22.39B	21.74B	18.89B
Cash Flow
Free Cash Flow	-453.66M	-189.45M	1.67B	2.09B	71.07M	-4.04B
Operating Cash Flow	-416.67M	-153.51M	1.77B	2.14B	128.59M	-4.02B
Investing Cash Flow	3.55B	3.90B	1.15B	-5.63B	1.41B	-2.28B
Financing Cash Flow	-3.64B	-4.38B	-6.55B	762.08M	82.30M	8.37B

Gemdale Properties & Investment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 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:0535, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and below the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.35 is Neutral, neither overbought nor oversold. The STOCH value of 34.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0535.

Gemdale Properties & Investment 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%
3380	52 Neutral	HK$8.76B	-1.20	-32.71%	―	-72.07%	23.46%
0272	52 Neutral	HK$5.77B	33.64	0.42%	13.43%	41.24%	-39.89%
0119	49 Neutral	HK$7.76B	461.36	0.04%	0.98%	22.28%	-98.68%
0535	46 Neutral	HK$2.62B	-0.71	-18.32%	0.66%	-10.67%	-41.50%
0173	46 Neutral	HK$6.68B	22.65	0.73%	3.32%	66.68%	-38.14%
0588	45 Neutral	HK$5.80B	-0.62	-41.74%	―	-44.25%	-406.20%

Gemdale Properties & Investment Corporate Events

Gemdale Properties and Investment Posts RMB 10.7 Billion in Unaudited Contracted Sales for 2025

Gemdale Properties and Investment reported unaudited contracted sales of approximately RMB 822 million for December 2025, with a contracted sales area of about 66,600 square meters and an average selling price of roughly RMB 12,300 per square meter. For the full year from January to December 2025, the group recorded aggregate contracted sales of around RMB 10.7 billion on a total contracted area of approximately 848,000 square meters, providing investors with an early indication of its operating performance for the year, while stressing that these preliminary figures may differ from the audited financial statements and should be treated with caution.

The most recent analyst rating on (HK:0535) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Gemdale Properties & Investment stock, see the HK:0535 Stock Forecast page.

Gemdale Properties Expands Connected Transactions with New 2026 Agreements

Gemdale Properties & Investment Corporation Limited announced the continuation and expansion of its connected transactions under new agreements set to commence in 2026. These agreements, which include the 2026 Beijing Gemdale Centre Tenancy Framework Agreement and others, will allow the company to manage operations for properties like Beijing Gemdale Plaza. The transactions are subject to certain regulatory requirements but are exempt from independent shareholder approval, indicating a strategic move to strengthen its operational foothold and streamline property management services.

The most recent analyst rating on (HK:0535) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Gemdale Properties & Investment stock, see the HK:0535 Stock Forecast page.

Gemdale Properties Reports November 2025 Sales Figures

Gemdale Properties & Investment Corporation Limited reported unaudited operating statistics for November 2025, revealing aggregate contracted sales of approximately RMB 749 million and a sales area of about 61,800 square meters. The average selling price during this period was RMB 12,100 per square meter. From January to November 2025, the company achieved total contracted sales of approximately RMB 9,874 million over 781,400 square meters. These figures, based on preliminary internal data, may vary from future audited reports, and investors are advised to exercise caution.

The most recent analyst rating on (HK:0535) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Gemdale Properties & Investment stock, see the HK:0535 Stock Forecast page.

Gemdale Properties Reports October 2025 Sales Performance

Gemdale Properties & Investment Corporation Limited reported unaudited operating statistics for October 2025, revealing contracted sales of approximately RMB 592 million and a sales area of 43,000 square meters, with an average selling price of RMB 13,800 per square meter. From January to October 2025, the company achieved contracted sales totaling RMB 9,125 million over 719,600 square meters. The data is preliminary and subject to changes, highlighting the company’s ongoing performance in the real estate market, though stakeholders are advised to exercise caution due to potential discrepancies in final audited figures.

The most recent analyst rating on (HK:0535) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Gemdale Properties & Investment stock, see the HK:0535 Stock Forecast page.