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China Jinmao Holdings Group Limited (HK:0817)
:0817
Hong Kong Market

China Jinmao Holdings Group Limited (0817) AI Stock Analysis

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HK:0817

China Jinmao Holdings Group Limited

(0817)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
HK$1.50
▲(22.95% Upside)
The score is primarily constrained by weakening financial performance (declining revenue, thin margins, and weak/negative cash generation) and a high valuation (P/E 39.53 with only a 1.77% yield). Technicals are supportive due to a clear uptrend above key moving averages, but overbought readings (RSI 82.2, Stoch 94.2) temper the outlook.
Positive Factors
Improving operational margins
An improving EBIT margin to 5.7% indicates management has been able to extract better operating efficiency from projects and control costs. This structural margin recovery bolsters resilience through real estate cycles and supports longer-term profitability as revenues stabilize.
Healthy gross profit margin
A 14.6% gross margin suggests the company retains pricing power or favorable project mixes on developments. Sustained gross margins provide a buffer against cyclical revenue swings and are a durable contributor to eventual net profitability if sales volumes recover.
Return on equity recovery
ROE turning positive reflects better net income generation versus equity and implies improving capital efficiency. If maintained, this trend supports shareholder returns and signals management progress in restoring profitability after prior losses.
Negative Factors
Persistent revenue decline
Multi-year revenue contractions erode scale, reduce project throughput and threaten long-term earnings power. In real estate, sustained top-line decline can force margin compression, slow land replenishment, and impair the company's ability to weather prolonged market slowdowns.
Weak cash generation
Negative operating cash flow and falling free cash flow indicate the business is not generating sufficient internal liquidity to fund development cycles. Over months this pressures working capital, increases refinancing needs, and may necessitate asset sales or external funding.
High financial leverage
A debt-to-equity ratio of 2.44 signifies significant leverage that amplifies risk in downturns. Coupled with weak cash flows and declining revenues, high leverage limits strategic flexibility, raises interest burden and heightens refinancing and covenant risks over the medium term.

China Jinmao Holdings Group Limited (0817) vs. iShares MSCI Hong Kong ETF (EWH)

China Jinmao Holdings Group Limited Business Overview & Revenue Model

Company DescriptionChina Jinmao Holdings Group Limited (0817) is a leading real estate and property development company based in China. The company operates primarily in the real estate sector, focusing on residential, commercial, and mixed-use properties. With a diverse portfolio that includes high-end residential complexes, office buildings, and retail spaces, China Jinmao is committed to delivering quality developments that meet the needs of urbanization and modernization in China. The company also engages in property management and investment activities, enhancing its presence in the real estate market.
How the Company Makes MoneyChina Jinmao generates revenue primarily through the sale of residential and commercial properties. The company earns income from the development and sale of real estate projects, which includes both off-plan sales and completed property sales. Additionally, it derives revenue from leasing and property management services, providing ongoing income from its commercial properties. Key partnerships with local governments and other developers facilitate land acquisition and project development, contributing significantly to its earnings. The company's ability to navigate regulatory environments and its strategic positioning in desirable urban areas also play crucial roles in its financial performance.

China Jinmao Holdings Group Limited Financial Statement Overview

Summary
Income statement is weak with multi-year revenue declines and very low net margin (1.8%) despite a modest EBIT margin improvement (5.7%). Balance sheet is mixed: leverage is high (debt-to-equity 2.44) but equity ratio is stable (13.1%) and ROE improved to 2.0% from negative. Cash flow is a notable drag with negative operating cash flow and declining free cash flow.
Income Statement
45
Neutral
The company's revenue has been declining, with a significant drop of 19.3% from 2021 to 2022 and an 18.4% decrease from 2022 to 2023. Despite a positive gross profit margin of 14.6% in 2024, the net profit margin was only 1.8%, reflecting profitability challenges. The EBIT margin improved to 5.7% in 2024, indicating some operational efficiency, but the overall declining revenue trend is concerning.
Balance Sheet
60
Neutral
China Jinmao maintains a relatively high debt-to-equity ratio of 2.44 in 2024, indicating significant leverage. However, the company shows a stable equity ratio of 13.1%, suggesting a reasonable proportion of assets financed by equity. The return on equity improved significantly to 2.0% in 2024 from a negative value in 2023, reflecting better net income performance.
Cash Flow
50
Neutral
The company reported negative free cash flow growth, with free cash flow dropping from 2023 to 2024. The operating cash flow to net income ratio is negative due to negative operating cash flow, highlighting cash generation challenges. Despite a decrease in free cash flow, the company managed to maintain cash reserves.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue49.63B59.05B72.40B82.99B90.06B60.05B
Gross Profit7.06B8.60B9.02B13.15B16.76B12.11B
EBITDA3.58B3.96B2.79B6.70B10.02B6.12B
Net Income599.82M1.06B-6.90B1.98B4.69B3.88B
Balance Sheet
Total Assets443.78B409.26B407.12B421.90B412.00B387.76B
Cash, Cash Equivalents and Short-Term Investments34.06B30.81B30.92B37.10B31.05B43.96B
Total Debt124.34B123.93B128.49B123.79B108.09B109.28B
Total Liabilities323.01B300.98B297.28B309.21B305.21B285.93B
Stockholders Equity54.34B53.58B39.29B47.45B49.96B46.76B
Cash Flow
Free Cash Flow-4.62B-4.33B2.19B1.04B3.53B30.48B
Operating Cash Flow-4.01B-3.63B3.09B1.78B4.44B31.34B
Investing Cash Flow-3.42B1.01B1.65B3.86B-11.80B-303.33M
Financing Cash Flow3.51B2.50B-10.91B352.25M-1.71B-8.78B

China Jinmao Holdings Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.22
Price Trends
50DMA
1.35
Positive
100DMA
1.40
Positive
200DMA
1.32
Positive
Market Momentum
MACD
0.10
Negative
RSI
82.24
Negative
STOCH
88.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0817, the sentiment is Positive. The current price of 1.22 is below the 20-day moving average (MA) of 1.41, below the 50-day MA of 1.35, and below the 200-day MA of 1.32, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 82.24 is Negative, neither overbought nor oversold. The STOCH value of 88.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0817.

China Jinmao Holdings Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
61
Neutral
HK$13.20B-4.91-2.93%-11.68%-3002.05%
50
Neutral
HK$23.38B45.291.20%2.46%-8.18%
46
Neutral
HK$18.37B78.140.46%-30.32%
40
Underperform
HK$7.36B-0.93-40.14%-54.25%-134.22%
39
Underperform
HK$11.53B-0.19-19.37%72.77%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0817
China Jinmao Holdings Group Limited
1.73
0.84
94.38%
HK:2007
Country Garden Holdings
0.30
-0.13
-29.76%
HK:0754
Hopson Development Holdings Limited
3.48
0.56
19.18%
HK:9993
Radiance Holdings (Group) Company Limited
1.82
-1.04
-36.36%
HK:1030
Seazen Group Ltd.
2.61
0.92
54.44%

China Jinmao Holdings Group Limited Corporate Events

China Jinmao Posts RMB113.5 Billion in Unaudited Contracted Sales for 2025
Jan 9, 2026

China Jinmao reported unaudited contracted sales of RMB12.821 billion for December 2025, corresponding to 423,229.71 square metres of gross floor area. For the full year ended 31 December 2025, contracted sales reached RMB113.5 billion with a total gross floor area of 4.79 million square metres, driven by multiple large-scale urban projects nationwide, while a further RMB720 million in property sales had been subscribed but not yet converted into contracts by year-end. The company stressed that these figures, which exclude rental income, are based on preliminary internal records and official transaction statistics, remain unaudited, and may differ from numbers in forthcoming periodic reports, underscoring ongoing uncertainty in China’s property sales environment and signaling that investors should treat the data as indicative rather than definitive.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Expects RMB1.57 Billion Gain from Sanya Tourism Disposal
Dec 31, 2025

China Jinmao Holdings Group Limited has provided additional details on its previously announced disposal of 100% equity interest in Sanya Tourism, revealing an expected pre-tax gain of about RMB1.57 billion based on a final transfer consideration of RMB2.26 billion against the unit’s audited net assets. The company expects net proceeds of approximately RMB2.26 billion after expenses, which it plans to deploy toward future land purchases and development projects, potential mergers and acquisitions of high-quality assets, and general working capital, underscoring an effort to recycle capital and strengthen its balance sheet, although it has not yet set specific targets for major new investments.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Formalizes Expanded Role of Remuneration and Nomination Committee
Dec 29, 2025

China Jinmao Holdings Group Limited has detailed the terms of reference for its Remuneration and Nomination Committee, formally defining its responsibilities in shaping the board’s structure, composition, and succession planning, as well as assessing the independence of non-executive directors and supporting regular evaluations of board performance. The committee is also tasked with setting and reviewing policies and structures for directors’ and senior management remuneration, determining individual pay packages, performance criteria, and termination compensation, while ensuring decisions are transparent, benchmarked to market practices, and free from conflicts of interest, thereby reinforcing the company’s corporate governance standards and aligning management incentives with strategic objectives.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Strengthens Governance With Expanded Remuneration and Nomination Committee Mandate
Dec 29, 2025

China Jinmao Holdings Group Limited has formalized detailed terms of reference for its Remuneration and Nomination Committee, clarifying the body’s mandate over board composition, director selection, and senior management pay. The committee is tasked with overseeing board diversity and skills, assessing the independence of non-executive directors, managing succession planning for key leadership roles, and setting transparent policies for directors’ and executives’ remuneration, performance evaluation, and termination arrangements. By codifying these responsibilities, the company aims to strengthen its governance framework, enhance transparency in pay and appointments, and align board and management incentives with its corporate strategy, which may bolster investor confidence and support long-term strategic execution.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Renews Connected Shareholder Loan Framework Through 2026
Dec 29, 2025

China Jinmao announced that its indirect non-wholly-owned subsidiary Yingmao Properties has entered into a new framework agreement with shareholders Wide Sea and Pingjia Investment to continue providing shareholder loans from 30 December 2025 to 31 December 2026, replacing an existing agreement due to expire in 2025. Under the new arrangement, Yingmao will extend loans to Wide Sea and Pingjia Investment or their designated entities on consistent terms and in proportion to their shareholdings, with the loans to Pingjia Investment constituting a continuing connected transaction subject to Hong Kong listing rules’ reporting, announcement and annual review requirements but exempt from independent shareholders’ approval, while loans to Wide Sea qualify as financial assistance to the group and are fully exempt from such requirements, underscoring ongoing intra-group financing support and the company’s reliance on connected-party structures within its capital framework.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao to Sell Entire Stake in Sanya Tourism for RMB2.26 Billion
Dec 23, 2025

China Jinmao Holdings Group Limited has agreed to sell 100% of the equity in its subsidiary Sanya Tourism to Sanya Luanmao for RMB2.2646 billion, following a public listing process aimed at asset securitisation. The consideration, based on an independent asset-based valuation of Sanya Tourism’s net assets, will be paid in cash via the China Beijing Equity Exchange, after which Sanya Tourism will cease to be a subsidiary; the deal qualifies as a discloseable transaction under Hong Kong listing rules, signalling an active move by China Jinmao to monetise and restructure its tourism-related holdings and potentially strengthen its balance sheet.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Clarifies Ownership of HR Services Partner in Connected Transactions
Dec 23, 2025

China Jinmao Holdings Group has issued a supplemental announcement clarifying the ownership structure of Sinochem Fangsheng, the human resources management services provider engaged under its Human Resources Services Framework Agreement for continuing connected transactions. Sinochem Fangsheng is 49% owned by Sinochem Petroleum, an indirect non-wholly owned subsidiary of Jinmao’s ultimate controlling shareholder Sinochem Holdings, and 51% owned by Beijing Foreign Enterprise Human Resources Services Co., Ltd., which is wholly owned by Shanghai-listed Fesco Group, itself backed by Beijing’s state-owned capital operation arm. The disclosure, which leaves all other terms of the previously announced framework unchanged, is aimed at enhancing transparency around the identity of the ultimate beneficial owners involved in the connected transactions, giving investors clearer visibility into the company’s related-party arrangements and governance context.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Renews Connected Cash Pooling Arrangement with Controlling Shareholder
Dec 19, 2025

China Jinmao Holdings Group Limited has renewed its cash pooling cooperation arrangement with its controlling shareholder Sinochem Hong Kong Group and Sinochem Hong Kong Capital, entering into a new agreement under which it will continue to place deposits into the group’s cash pool while receiving additional protection for the safety of those funds. The renewed arrangement, which includes defined interest terms for deposits and overdrafts as well as a matched loan from Sinochem Hong Kong Capital equivalent to the company’s maximum approved deposit balance, is classified as a continuing connected transaction under Hong Kong listing rules and is subject to reporting, announcement and annual review requirements, but does not require independent shareholders’ approval. The structure is designed to enhance China Jinmao’s liquidity management and risk protection within the Sinochem group framework, while maintaining regulatory compliance for related-party financial assistance.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Enters Three-Year Connected HR Services Framework with Sinochem Unit
Dec 18, 2025

China Jinmao has signed a Human Resources Services Framework Agreement with Sinochem Fangsheng, a connected company within the Sinochem group, under which it will procure a range of outsourced and agency HR services, including labour dispatch, outsourcing of sales and customer service functions, and benefits administration, on a non-exclusive, as-needed basis until 31 December 2027. As the ultimate parent Sinochem Holdings controls both parties, the arrangement constitutes a continuing connected transaction under Hong Kong listing rules and is therefore subject to reporting, announcement and annual review requirements, with pricing required to be no less favourable than that offered by Sinochem Fangsheng to third parties, but it is exempt from independent shareholders’ approval due to its scale, signalling a formalised yet relatively moderate related-party service framework for stakeholders to monitor.

The most recent analyst rating on (HK:0817) stock is a Buy with a HK$1.70 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Reports Strong November Sales Performance
Dec 9, 2025

China Jinmao Holdings Group Limited announced its unaudited sales data for November 2025, reporting a contracted sales amount of RMB7,997 million and a gross floor area of 365,709 square meters. For the first eleven months of 2025, the company achieved a total contracted sales amount of RMB100,679 million, covering several major projects across China. Additionally, as of November 30, 2025, the company recorded a subscribed property sales amount of RMB718 million. These figures highlight the company’s robust performance in the real estate market, although they are preliminary and unaudited, indicating potential fluctuations in final reports.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao’s Subsidiary to Provide Loans Under New Framework Agreement
Nov 28, 2025

China Jinmao Holdings Group Limited announced that its indirect non-wholly-owned subsidiary, Shanghai Qinmaojia, has entered into a Framework Agreement to provide loans to its shareholders, Xi’an Baomao and Qinruijia Shanghai. The loans will be distributed in proportion to their shareholding ratios and are subject to the same terms and conditions. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules due to the applicable percentage ratios, necessitating reporting and announcement requirements. The effective interest rate for these loans will be based on the latest one-year loan prime rate, with a floating range of 50% higher or lower.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Announces Strategic Asset Disposal
Nov 21, 2025

China Jinmao Holdings Group Limited has announced its intention to sell its 100% equity interest in Jin Mao Sanya Tourism Co., Ltd., which owns The Ritz-Carlton Sanya Yalong Bay, for asset securitization purposes. The sale, listed on the China Beijing Equity Exchange with a minimum bid of RMB2,264.60 million, is expected to be a discloseable transaction under Hong Kong’s listing rules, reflecting the company’s strategic move to optimize its asset portfolio.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao’s EGM Approves Key Financial Agreement
Nov 19, 2025

China Jinmao Holdings Group Limited announced that all resolutions proposed at its extraordinary general meeting on November 19, 2025, were approved by independent shareholders. The key resolution involved the ratification of the Supplemental Agreement II to the Sinochem Financial Services Framework Agreement, allowing for an increased maximum daily outstanding balance of secured loan services. This decision is expected to strengthen the company’s financial operations and strategic partnerships, potentially enhancing its competitive positioning in the industry.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Reports Strong Sales Performance for October 2025
Nov 10, 2025

China Jinmao Holdings Group Limited announced its unaudited sales data for October 2025, reporting a contracted sales amount of RMB11,997 million and a gross floor area of 331,460.63 square meters. For the first ten months of 2025, the company achieved an accumulative contracted sales amount of RMB92,682 million, covering several major urban projects. Additionally, as of the end of October, the company recorded a subscribed property sales amount of RMB1,503 million. These figures indicate the company’s strong performance in the real estate market, although the data is unaudited and subject to change.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao to Approve Amendments to Financial Services Agreements
Nov 3, 2025

China Jinmao Holdings Group Limited has announced an extraordinary general meeting to approve amendments to its financial services agreements with Sinochem Finance and Ping An. These agreements involve secured loan services, deposit services, and financing factoring services, with the aim of enhancing the company’s financial operations and benefiting its shareholders.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao Announces EGM and Register Closure for Shareholder Voting
Oct 30, 2025

China Jinmao Holdings Group Limited announced the closure of its register of members to determine shareholders’ entitlement to attend and vote at an upcoming extraordinary general meeting (EGM) scheduled for 19 November 2025. This meeting will address amendments to financial agreements with Sinochem Finance and Ping An Member Companies, potentially impacting the company’s financial operations and stakeholder interests.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

China Jinmao’s Subsidiary Reports Financial Data for Nine Months Ending September 2025
Oct 30, 2025

Shanghai Jinmao Investment Management Group Co., Ltd., a wholly-owned subsidiary of China Jinmao Holdings Group Limited, has disclosed its unaudited financial data for the nine months ending September 30, 2025. The company reported total assets of RMB 3,983.92 million and total liabilities of RMB 2,965.79 million, with a net profit of RMB 11.77 million. Despite a decrease in operating revenue and profit compared to the previous year, the gross profit margin improved slightly to 16%. The financial data reflects adjustments due to the acquisition of equity interests in four companies, including Jin Mao (Li Jiang) Hotel Investment Co., Ltd., completed in December 2024.

The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.

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: Jan 29, 2026