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China Properties Investment Holdings Limited (HK:0736)
:0736
Hong Kong Market

China Properties Investment Holdings Limited (0736) AI Stock Analysis

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HK:0736

China Properties Investment Holdings Limited

(0736)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
HK$0.60
▼(-12.90% Downside)
The score is primarily held back by ongoing losses since 2023 and unstable cash generation (negative operating/free cash flow in 2025), despite a sharp 2025 revenue rebound and manageable leverage. Technicals are mixed but lean weak in the near term, and valuation signals remain constrained by negative earnings.
Positive Factors
Revenue rebound and high gross margins
A strong 2025 revenue rebound combined with very high gross margins suggests the core property portfolio can sustain attractive rental yields and pricing power. Durable top-line recovery and structural margin strength improve long-term cash inflows if occupancy and lease terms remain stable.
Manageable leverage
Relatively low debt-to-equity provides balance-sheet flexibility to withstand rental cyclicality and fund maintenance or selective investments without excessive refinancing risk. This structural conservatism preserves capital options during downturns and supports longer-term operational stability.
Ability to generate positive operating cash in good years
The business has proven it can generate positive operating cash flow in stronger periods, indicating underlying asset cash-generation capability. When recurring, this supports reinvestment, maintenance, and debt service, making the business structurally capable of self-funding under stable market conditions.
Negative Factors
Persistent unprofitability since 2023
Sustained losses and a deeply negative net margin fundamentally erode equity and limit internal funding. Over time this weakens the firm's ability to invest, maintain assets, and absorb shocks, potentially forcing asset sales or capital raises that dilute strategic optionality and growth prospects.
Unreliable cash generation and negative FCF
Volatile and recently negative free cash flow undermines the company's capacity to service debt, fund capex, and maintain properties without external funding. Structural cash unreliability increases refinancing and liquidity risk, limiting operational investments and long-term asset upkeep.
Eroding capital efficiency and equity base
A declining equity base and persistent negative ROE signal capital erosion and poor investment returns. Over months this degrades borrowing capacity and raises the likelihood of strategic recapitalization, constraining growth and forcing prioritization of balance-sheet repair over expansion.

China Properties Investment Holdings Limited (0736) vs. iShares MSCI Hong Kong ETF (EWH)

China Properties Investment Holdings Limited Business Overview & Revenue Model

Company DescriptionChina Properties Investment Holdings Limited, an investment holding company, engages in the money lending and property investment businesses in the People's Republic of China and Hong Kong. It also provides agency and property development services. China Properties Investment Holdings Limited was incorporated in 1992 and is headquartered in Wanchai, Hong Kong.
How the Company Makes MoneyChina Properties Investment Holdings Limited generates revenue primarily through its property leasing and sales activities. Key revenue streams include rental income from leasing residential and commercial properties, as well as proceeds from the sale of developed properties. The company may also engage in property appreciation where investments in real estate are made with the expectation of capital gains. Additionally, strategic partnerships and joint ventures with local developers or financial institutions can enhance project financing and development capabilities, contributing to the company's earnings.

China Properties Investment Holdings Limited Financial Statement Overview

Summary
Revenue rebounded strongly in 2025 (+43.1% YoY) and gross margins are very high (~87%–90%), but the company has been persistently unprofitable since 2023 with deeply negative net margin (about -123% in 2025). Leverage is modest (debt-to-equity ~0.20–0.27), yet equity/assets have trended down and cash flows are unreliable (operating and free cash flow turned negative again in 2025).
Income Statement
34
Negative
Revenue rebounded sharply in 2025 (+43.1% YoY), and gross profitability remained very strong (gross margin ~87%–90% in recent years). However, the company has been persistently unprofitable since 2023, with EBIT and net margins deeply negative (2025 net margin about -123%), following a return to profit in 2021–2022. Overall, top-line momentum is improving, but earnings quality and operating profitability remain a key weakness.
Balance Sheet
66
Positive
Leverage appears manageable, with debt-to-equity staying relatively low (~0.20–0.27) across the period, providing balance-sheet flexibility. That said, equity and total assets have trended down since 2022, and returns on equity have been consistently negative since 2023, reflecting ongoing losses and weakening capital efficiency. Net-net: a reasonably levered balance sheet, but deteriorating profitability is eroding balance-sheet quality over time.
Cash Flow
41
Neutral
Cash generation is volatile: operating cash flow was positive in 2023–2024 but turned negative again in 2025, and free cash flow followed the same pattern (2025 free cash flow was negative with a steep decline versus the prior year). Cash flow has not consistently supported earnings, with weak/negative operating cash flow relative to net income in multiple years (notably 2020, 2022, and 2025). The main strength is that the business can produce positive cash flow in some years, but reliability is a concern.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue53.53M53.53M66.39M68.25M86.37M29.76M
Gross Profit46.80M46.80M59.70M61.55M78.13M29.76M
EBITDA-61.68M-61.68M-127.41M-85.00K29.58M64.26M
Net Income-65.71M-65.71M-130.81M-57.18M13.04M36.17M
Balance Sheet
Total Assets624.20M624.20M713.94M868.53M981.12M872.52M
Cash, Cash Equivalents and Short-Term Investments28.89M28.89M23.86M48.06M59.02M47.20M
Total Debt118.85M118.85M101.37M128.48M163.81M154.34M
Total Liabilities182.58M182.58M201.88M212.44M244.09M216.33M
Stockholders Equity441.62M441.62M512.06M656.10M737.03M656.19M
Cash Flow
Free Cash Flow-7.75M-7.75M14.08M4.51M-29.86M1.65M
Operating Cash Flow-7.75M-7.75M14.08M5.51M-29.86M1.65M
Investing Cash Flow0.000.001.00K28.07M6.00K2.07M
Financing Cash Flow9.37M9.37M-34.64M-47.45M35.74M-11.99M

China Properties Investment Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.69
Price Trends
50DMA
0.69
Negative
100DMA
0.71
Negative
200DMA
0.44
Positive
Market Momentum
MACD
-0.03
Negative
RSI
45.24
Neutral
STOCH
78.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0736, the sentiment is Neutral. The current price of 0.69 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.69, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 78.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0736.

China Properties Investment Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
65
Neutral
HK$40.32M-0.99-21.16%-31.28%-400.00%
45
Neutral
HK$1.04B-81.99-35.17%26.82%68.75%
44
Neutral
HK$198.77M-7.23-4.78%-31.23%33.60%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0736
China Properties Investment Holdings Limited
0.60
0.44
275.00%
HK:0431
Greater China Financial Holdings Limited
0.01
0.00
0.00%
HK:8239
Capital Finance Holdings Limited
11.38
10.88
2176.00%
HK:8621
Metropolis Capital Holdings Ltd.
0.04
>-0.01
-2.27%

China Properties Investment Holdings Limited Corporate Events

China Properties Investment Accelerates Web3 Pivot With Nano Labs Deal and New Chief Consultant
Jan 28, 2026

China Properties Investment Holdings Limited has signed a non-legally binding strategic cooperation memorandum of understanding with Nasdaq-listed Nano Labs Ltd. to collaborate on Web3 ecosystem construction, digital asset underlying technologies and industry resource integration, aiming to use Nano Labs’ strengths in distributed computing, chip R&D and Web3 infrastructure to accelerate its transformation toward the digital economy. In parallel, the company has appointed internationally recognized fintech and Web3 specialist Dr. Cai Kailong as its chief consultant for Web3 and digital assets, a move expected to strengthen its professional decision-making, enhance its credibility in the sector and improve its ability to navigate complex market and regulatory conditions as it pivots further into digital asset and Web3 markets.

The most recent analyst rating on (HK:0736) stock is a Sell with a HK$0.55 price target. To see the full list of analyst forecasts on China Properties Investment Holdings Limited stock, see the HK:0736 Stock Forecast page.

China Properties Investment Holdings to Acquire Digital Assets for Strategic Growth
Dec 16, 2025

China Properties Investment Holdings Limited has announced its plan to purchase digital assets, including Binance Coin (BNB), as part of its strategy to diversify its asset allocation and engage with the digital economy. The company aims to use its own funds to acquire these assets, viewing them as strategic reserves to enhance its asset portfolio’s risk resistance and to seize growth opportunities in the digital economy. Despite the potential benefits, the company acknowledges the risks associated with digital assets, such as market volatility and regulatory uncertainties, and plans to implement rigorous security measures to mitigate these risks.

China Properties Investment Holdings Explores RWA Tokenization with Kimber Labs
Dec 1, 2025

China Properties Investment Holdings Limited announced a non-legally binding term sheet with Kimber Labs Inc. for potential cooperation in a tokenization project of real-world assets. This strategic move aligns with the company’s plan to expand into the RWA sector, leveraging the growing global acceptance of digital assets and Hong Kong’s promotion of cryptocurrency applications. The collaboration is expected to accelerate the company’s participation in the digital asset and Web3 industry, potentially positioning it as a key player in the evolving market.

China Properties Investment Holdings Limited Reports Positive Interim Results for 2025
Nov 28, 2025

China Properties Investment Holdings Limited reported its unaudited interim results for the six months ending September 30, 2025. The company experienced a revenue increase to HK$45,694,000 from HK$44,518,000 in the previous year. Despite a valuation loss on investment properties, the company achieved a gain from operations of HK$10,543,000, a significant improvement from the previous year’s loss. This positive performance reflects better management of administrative and other expenses, which could enhance its market positioning and stakeholder confidence.

China Properties Investment Holdings Announces Upcoming Board Meeting for Interim Results
Nov 14, 2025

China Properties Investment Holdings Limited has announced a board meeting scheduled for 28 November 2025 to approve the interim results for the six months ending 30 September 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders and market perception.

China Properties Investment Enters Blockchain Partnership to Boost RWA Sector
Nov 13, 2025

China Properties Investment Holdings Limited has entered into a framework agreement with Junyuan Digital Technology to promote innovative applications of real-world assets (RWA) using blockchain technology. This collaboration aims to establish a global capitalization pathway for RWA products, enhancing the company’s capabilities in the digital asset and Web3 industry. The agreement aligns with the company’s strategic plan to expand into the RWA sector, which is expected to grow significantly, with the market size projected to reach USD 1.07 billion by 2029.

China Properties Investment Completes New Share Subscription
Nov 5, 2025

China Properties Investment Holdings Limited has successfully completed the subscription of 53,433,000 new shares under the General Mandate, with the transaction finalized on November 5, 2025. The shares were issued at a price of HK$0.43 each, raising approximately HK$22.97 million, which will be used to replenish working capital and for other corporate purposes. This issuance represents a significant change in the company’s shareholding structure, with the new shares accounting for approximately 16.67% of the enlarged share capital, potentially impacting the company’s market positioning and financial flexibility.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025