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Shimao Property Holdings Limited (HK:0813)
:0813

Shimao Property Holdings (0813) AI Stock Analysis

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HK

Shimao Property Holdings

(OTC:0813)

Rating:39Underperform
Price Target:
HK$0.50
▼(-31.51%Downside)
Shimao Property Holdings is facing significant financial distress, as indicated by its plummeting revenues, negative equity, and cash flow issues. Technical analysis also shows a bearish trend, with the stock trading below key moving averages. The valuation is unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively suggest a high-risk investment with limited short-term upside potential.

Shimao Property Holdings (0813) vs. iShares MSCI Hong Kong ETF (EWH)

Shimao Property Holdings Business Overview & Revenue Model

Company DescriptionShimao Group Holdings Limited, an investment holding company, engages in the property development and investment activities in the People's Republic of China. The company develops residential and commercial properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; and property management activities. The company was formerly known as Shimao Property Holdings Limited and changed its name to Shimao Group Holdings Limited in May 2020. Shimao Group Holdings Limited was incorporated in 2004 and is based in Hong Kong, Hong Kong. Shimao Group Holdings Limited operates as a subsidiary of Gemfair Investments Limited.
How the Company Makes MoneyShimao Property Holdings generates revenue through several key streams. The primary source is the sale of residential and commercial properties developed by the company. This involves large-scale real estate projects in prime locations, which are sold or leased to generate income. Additionally, Shimao earns revenue from its property investment segment, which includes leasing office spaces, retail outlets, and other commercial properties. The company also operates a hotel segment, where it manages and owns luxury hotels that contribute to its earnings through room bookings, events, and other hospitality services. Strategic partnerships and joint ventures with other real estate developers and financial institutions also play a significant role in expanding its project portfolio and revenue potential.

Shimao Property Holdings Financial Statement Overview

Summary
Shimao Property Holdings is facing severe financial challenges. The income statement shows a drastic revenue decline and negative gross profit margins. The balance sheet is weak with negative equity and high debt levels, indicating potential solvency risks. Cash flows are consistently negative, signaling liquidity problems and financial distress.
Income Statement
20
Very Negative
The company has experienced a significant decline in revenue, dropping from HKD 135.35 billion in 2020 to HKD 59.97 billion in 2024. The gross profit margin has been negative in 2024, indicating severe pricing or cost issues. Net losses have also widened, with a net loss of HKD 35.91 billion in 2024. Revenue growth is negative, and EBIT and EBITDA margins are deeply negative, highlighting operational challenges and inefficiencies.
Balance Sheet
15
Very Negative
The balance sheet shows a deteriorating equity position, with stockholders' equity turning negative in 2024. The debt-to-equity ratio is not meaningful due to negative equity, and total debt has increased substantially. The negative equity ratio underscores financial instability and potential solvency concerns, pointing to a high-risk financial structure.
Cash Flow
10
Very Negative
Cash flow metrics reveal significant struggles, with consistent negative free cash flow and operating cash flow over recent years. The company has not generated positive free cash flow since 2020, and the operating cash flow to net income ratio is unfavorable, indicating cash management issues. Free cash flow growth is negative, emphasizing operational and financial distress.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
59.46B59.98B59.46B63.04B107.80B135.35B
Gross Profit
5.85B-5.87B5.85B5.28B3.29B40.38B
EBIT
-7.24B-29.33B-13.25B-4.55B-14.96B29.19B
EBITDA
-6.35B-31.03B-14.73B-3.66B-14.61B29.89B
Net Income Common Stockholders
-21.03B-35.91B-21.03B-21.49B-27.09B12.63B
Balance SheetCash, Cash Equivalents and Short-Term Investments
15.19B11.35B15.19B22.07B47.83B61.04B
Total Assets
543.25B436.43B543.25B616.21B628.10B589.75B
Total Debt
264.06B252.11B264.06B274.14B231.85B145.22B
Net Debt
248.87B240.76B248.87B252.10B184.04B84.18B
Total Liabilities
492.00B433.08B492.00B536.71B514.10B437.26B
Stockholders Equity
14.72B-21.65B14.72B36.53B57.82B88.00B
Cash FlowFree Cash Flow
-439.56M-1.04B-5.96B-5.14B-11.07B453.68M
Operating Cash Flow
-345.33M-243.97M-5.47B-4.33B-9.59B6.84B
Investing Cash Flow
916.55M-368.54M1.05B5.68B-35.83B-23.25B
Financing Cash Flow
-2.29B-3.24B-2.44B-27.32B31.93B25.30B

Shimao Property Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.73
Price Trends
50DMA
0.79
Negative
100DMA
0.88
Negative
200DMA
0.98
Negative
Market Momentum
MACD
-0.02
Negative
RSI
39.46
Neutral
STOCH
54.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0813, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.79, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 39.46 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0813.

Shimao Property Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$2.83B10.720.40%6.10%5.80%-21.26%
39
Underperform
$2.77B-380.16%-1.39%-66.84%
$274.19M
$468.46M-71.13%
$601.15M-29.26%
65
Neutral
HK$560.15M6.391.68%5.63%-11.50%
20
Underperform
HK$370.35M-465.56%-33.54%-100.40%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0813
Shimao Property Holdings
0.73
-0.05
-6.41%
EGRNF
China Evergrande Group
0.01
-0.01
-50.00%
GZUHF
Guangzhou R&F Properties Co
0.12
0.02
20.00%
LPHHF
Logan Property Holdings Co
0.11
0.00
0.00%
HK:3301
Ronshine China Holdings Ltd.
0.22
0.07
46.67%
HK:0496
Kasen International Holdings Ltd.
0.30
0.06
25.00%

Shimao Property Holdings Corporate Events

Shimao Group’s AGM Approves Key Resolutions for Strategic Operations
Jun 12, 2025

Shimao Group Holdings Limited successfully held its Annual General Meeting on June 12, 2025, where all proposed resolutions were approved by shareholders. Key resolutions included the re-election of directors, authorization for the board to fix directors’ remuneration, reappointment of the auditor, and granting of mandates for share issuance and buybacks. The approval of these resolutions reflects strong shareholder support and positions the company for continued strategic operations and governance.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.25 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.

Shimao Group Reports Preliminary Sales Figures for Early 2025
Jun 6, 2025

Shimao Group Holdings Limited reported unaudited operating statistics for the first five months of 2025, revealing contracted sales of approximately RMB11.202 billion and a sold area of 918,851 sq.m., with an average selling price of RMB12,191 per sq.m. The announcement highlights the company’s sales performance but advises caution as the figures are preliminary and may differ from future audited reports, indicating potential implications for investors and stakeholders.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.25 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.

Shimao Group Reports RMB9.07 Billion in Contracted Sales for Early 2025
May 9, 2025

Shimao Group Holdings Limited reported unaudited operating statistics for the first four months of 2025, with contracted sales reaching approximately RMB9.07 billion and a contracted sold area of 742,599 square meters. The average selling price during this period was RMB12,209 per square meter. In April 2025 alone, contracted sales amounted to RMB2.001 billion, with a sold area of 162,864 square meters, and an average selling price of RMB12,284 per square meter. These figures are preliminary and may differ from future audited financial statements, and investors are advised to exercise caution when considering this information.

Shimao Jianshe Reports 2024 Financial Results with Significant Losses
Apr 30, 2025

Shanghai Shimao Jianshe Co., Ltd. reported its audited financial results for the year ended December 31, 2024, showing an operating income of RMB 35,378.5 million and a net loss of RMB 18,294.9 million. The company’s total assets decreased from RMB 313,537.7 million in 2023 to RMB 257,892.1 million in 2024, and total equity attributable to equity holders turned negative at RMB -10,981.7 million. Stakeholders are advised to exercise caution as these results are specific to Shimao Jianshe and do not represent the entire Shimao Group.

Shanghai Shimao Reports Strong Q1 2025 Financial Recovery
Apr 30, 2025

Shanghai Shimao Co., Ltd., a subsidiary of Shimao Group Holdings Limited, reported its unaudited financial results for the first quarter of 2025, showing a significant turnaround with a net profit of RMB 131.6 million compared to a loss in the same period last year. This positive financial performance indicates a strong recovery and potential growth in the company’s operations, which could enhance its market position and benefit stakeholders.

Shimao Group Holdings Announces 2025 Annual General Meeting
Apr 29, 2025

Shimao Group Holdings Limited has announced its upcoming annual general meeting, set to take place on June 12, 2025, in Hong Kong. The meeting will address standard business matters such as the adoption of financial statements, re-election of directors, and re-appointment of auditors. Additionally, the company seeks approval for directors to exercise powers related to the issuance of shares and securities, which could influence the company’s capital structure and shareholder value.

Shimao Group Reports Q1 2025 Sales Performance
Apr 11, 2025

Shimao Group Holdings Limited reported unaudited operating statistics for the first quarter of 2025, with aggregated contracted sales reaching approximately RMB7.07 billion and a contracted sold area of 579,735 sq.m. The average selling price during this period was RMB12,188 per sq.m. In March 2025 alone, the company achieved contracted sales of RMB3.00 billion and a sold area of 249,242 sq.m. These figures are based on preliminary internal data and may differ from future audited financial statements, thus investors are advised to exercise caution.

Shanghai Shimao Reports Increased Net Loss for 2024
Mar 28, 2025

Shanghai Shimao Co., Ltd., a subsidiary of Shimao Group Holdings Limited, has announced its audited financial results for the year ending December 31, 2024. The company reported a substantial net loss of RMB 17 billion, an increase from the previous year’s loss, reflecting ongoing financial challenges. The results indicate significant operating and comprehensive losses, impacting both equity holders and minority shareholders, which may affect the company’s future financial strategies and stakeholder confidence.

Shimao Property Holdings Reports 2024 Financial Results Amid Market Challenges
Mar 28, 2025

Shimao Property Holdings reported a slight increase in revenue for 2024, reaching approximately RMB59.975 billion, despite a challenging real estate market in China. The company faced a gross loss of RMB5.869 billion and a significant loss attributable to equity holders amounting to RMB35.905 billion. The company’s contracted sales were RMB34.002 billion, with a contracted gross floor area of 2.675 million sq.m. The Chinese government’s easing policies and financial support are expected to stabilize the market, potentially benefiting Shimao’s future operations.

Shimao Group Issues Profit Warning Amid Real Estate Downturn
Mar 21, 2025

Shimao Group Holdings Limited has issued a profit warning, indicating an expected net loss of approximately RMB42.9 billion to RMB43.9 billion for the year ending December 31, 2024, a significant increase from the previous year’s loss of RMB23.6 billion. This anticipated loss is attributed to the ongoing downturn in the real estate sector, leading to low gross profit margins and increased impairment provisions, as well as a court-ordered asset enforcement to settle debts, resulting in substantial debt settlement losses.

Shimao Group to Review Annual Financial Results
Mar 18, 2025

Shimao Group Holdings Limited has announced that its Board of Directors will convene on March 28, 2025, to review and approve the company’s annual financial results for the year ending December 31, 2024. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.

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.