Shimao Property Holdings (0813) AI Stock Analysis

• Market Cap: HK$1.66B
• Dividend Yield: N/A
• Average Volume (3M): 61.75M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.68
• Revenue Growth: -22.55%
• EPS Growth: 30.07%
• Country: HK
• Employees: 41,481
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 8,602,340,000
• 10 Day Avg. Volume: 31,794,788
• 30 Day Avg. Volume: 61,746,921
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.17
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -3.54
• 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: 38 Underperform
• Price Target: HK$0.22 ▲(15.79% Upside)

The overall stock score of 38 reflects significant financial distress, as evidenced by negative equity, high debt levels, and persistent negative cash flows. Technical analysis further indicates a bearish trend with oversold conditions. The negative P/E ratio and lack of dividend yield highlight valuation concerns. These factors collectively suggest a high-risk investment with substantial challenges ahead.

Positive Factors

Diversified Portfolio

A diversified portfolio across residential, commercial, and mixed-use properties provides resilience against sector-specific downturns, supporting long-term stability.

Strategic Partnerships

Partnerships with local governments enhance access to prime locations, fostering growth opportunities and competitive advantages in urban development.

Revenue Model

A multifaceted revenue model, including sales, leasing, and services, ensures diverse income streams, reducing dependency on any single market segment.

Negative Factors

Negative Equity

Negative equity indicates financial instability, posing risks to solvency and limiting the company's ability to raise capital or invest in growth.

High Debt Levels

Rising debt levels can strain cash flow, increase interest obligations, and limit financial flexibility, impacting long-term operational sustainability.

Negative Cash Flow

Persistent negative cash flow highlights cash management issues, reducing the company's ability to invest in growth or weather economic downturns.

Shimao Property Holdings Business Overview & Revenue Model

Company Description

Shimao 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 Money

Shimao Property Holdings generates revenue primarily through the sale of residential and commercial properties. The company develops and sells properties directly to consumers, which constitutes a significant portion of its revenue. Additionally, it earns income from leasing commercial properties, providing property management services, and operating hotels. The company's revenue model is bolstered by strategic partnerships with local governments and other entities, allowing it to secure prime development sites and participate in urban renewal projects. Furthermore, Shimao's diversified portfolio helps mitigate risks associated with market fluctuations in the real estate sector, contributing to its overall financial stability.

Shimao Property Holdings Financial Statement Overview

Summary

Shimao Property Holdings faces significant financial challenges across all verticals. Income statement metrics reflect declining revenues and increasing losses. Balance sheet weaknesses are evident with negative equity and high debt levels. Cash flow issues persist, with negative operating and free cash flows, highlighting liquidity concerns. These factors suggest a troubled financial position, necessitating urgent strategic intervention to stabilize the company's financial health.

Income Statement

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

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

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	49.46B	59.98B	59.46B	63.04B	107.80B	135.35B
Gross Profit	0.00	-5.87B	5.85B	5.28B	3.29B	40.38B
EBITDA	-15.05B	-31.03B	-14.73B	-9.70B	-14.61B	36.89B
Net Income	-23.96B	-35.91B	-21.03B	-21.49B	-27.09B	12.63B
Balance Sheet
Total Assets	422.03B	436.43B	543.25B	616.21B	628.10B	589.75B
Cash, Cash Equivalents and Short-Term Investments	11.23B	11.35B	15.19B	22.07B	47.83B	61.04B
Total Debt	255.91B	252.11B	264.06B	274.14B	231.85B	145.22B
Total Liabilities	428.63B	433.08B	492.00B	536.71B	514.10B	437.26B
Stockholders Equity	-30.57B	-21.65B	14.72B	36.53B	57.82B	88.00B
Cash Flow
Free Cash Flow	2.01B	-1.04B	-5.96B	-5.14B	-11.07B	453.68M
Operating Cash Flow	2.66B	-243.97M	-5.47B	-4.33B	-9.59B	6.84B
Investing Cash Flow	-1.96B	-368.54M	1.05B	5.68B	-35.83B	-23.25B
Financing Cash Flow	-4.52B	-3.24B	-2.44B	-27.32B	31.93B	25.30B

Shimao Property Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.23, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 37.93 is Neutral, neither overbought nor oversold. The STOCH value of 37.88 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

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%
0496	64 Neutral	HK$789.71M	10.00	1.50%	―	10.78%	-12.42%
3380	52 Neutral	HK$8.76B	-1.20	-32.71%	―	-72.07%	23.46%
2777	41 Neutral	HK$1.91B	-0.09	-89.23%	―	-71.42%	-11.91%
3301	39 Underperform	HK$228.95M	-0.02	―	―	-60.50%	-103.48%
0813	38 Underperform	HK$1.66B	-0.03	―	―	-22.55%	30.07%

Shimao Property Holdings Corporate Events

Shimao Eases Debt Burden and Funding Pressures with Major Restructuring and Cost Cuts

Shimao Group Holdings has implemented a series of measures to strengthen its balance sheet and address the disclaimer of opinion previously issued on its financial statements, chiefly through a comprehensive offshore debt restructuring that became effective in July 2025. The restructuring discharged about US$12.5 billion in offshore principal and interest in exchange for roughly US$8 billion of new long-dated debt instruments and US$4.5 billion of mandatory convertible bonds, a majority of which has already converted into equity, while amounts owed to the controlling shareholder were also swapped into long-term notes and convertible bonds, easing related-party repayment pressure. Alongside this, the group has secured extensions on approximately RMB23.8 billion of onshore loans, some out to 2035, cut administrative expenses by about 16% in the first eleven months of 2025, and maintained steady contracted sales of RMB22.432 billion and stable pricing while delivering around 18,000 housing units as planned. Supported by loan drawdowns of about RMB451 million under government-backed real estate financing ‘whitelist’ programmes, these steps collectively relieve funding and delivery pressures, improve liquidity, and aim to stabilise operations and support Shimao’s longer-term sustainability amid ongoing challenges in China’s property sector.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.22 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 RMB22.432 Billion in Contracted Sales for 2025

Shimao Group Holdings Limited reported unaudited operating statistics for the eleven months ending November 2025, with contracted sales reaching approximately RMB22.432 billion and a sold area of 1,844,398 sq.m. The average selling price during this period was RMB12,162 per sq.m. In November alone, the company achieved contracted sales of RMB1.513 billion. These figures, based on preliminary internal data, are subject to change and should be interpreted with caution by investors.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.22 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 RMB20.9 Billion in Contracted Sales for 2025

Shimao Group Holdings Limited reported unaudited operating statistics for the ten months ending October 31, 2025, with contracted sales reaching approximately RMB20.919 billion and a sold area of 1,721,003 sq.m. The average selling price for this period was RMB12,155 per sq.m. In October 2025 alone, contracted sales were RMB1.702 billion with a sold area of 138,941 sq.m. and an average price of RMB12,249 per sq.m. These figures are preliminary and may differ from future audited financial statements, and investors are advised to exercise caution.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.

Shanghai Shimao Reports Significant Losses in 2025 Financial Results

Shanghai Shimao Co., Ltd., a subsidiary of Shimao Group Holdings Limited, reported its unaudited financial results for the nine months ending September 30, 2025, revealing a net loss of RMB 2.06 billion. Despite an increase in operating income compared to the previous year, the company faced significant financial challenges, including high financial expenses and impairment losses, impacting its overall financial performance and market positioning.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.