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China Jinmao Holdings Group Limited
(0817)
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Rating:42Neutral
Price Target:
HK$1.00
▼(-18.03% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily constrained by weak financial quality: elevated and rising leverage alongside negative operating/free cash flow in 2024–2025 increases funding and cycle risk. Technicals add pressure as the stock trades below key moving averages. Valuation is also a headwind due to a high P/E, with only modest support from the dividend yield.
Positive Factors
Revenue rebound and return to positive net margin
A 2025 revenue rebound with net margin returning to about 2.1% shows the company can restore profitability after prior losses. If sustained, this recovery supports earnings stability, improves cash generation potential over months, and provides a base to rebuild capital buffers and investor confidence.
Negative Factors
Elevated and rising leverage
Sharply higher leverage and a materially reduced equity cushion raise refinancing and solvency risk. In a cyclical real estate market, high debt-to-equity limits flexibility to fund projects organically and increases vulnerability to rate moves or slower sales, pressuring long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and return to positive net margin
A 2025 revenue rebound with net margin returning to about 2.1% shows the company can restore profitability after prior losses. If sustained, this recovery supports earnings stability, improves cash generation potential over months, and provides a base to rebuild capital buffers and investor confidence.
Read all positive factors
China Jinmao Holdings Group Limited (0817) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.84B
Dividend Yield2.46%
Average Volume (3M)33.78M
Price to Earnings (P/E)71.6
Beta (1Y)1.94
Revenue Growth0.69%
EPS Growth-16.87%
CountryHK
Employees9,377
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.02
Shares Outstanding13,512,467,000
10 Day Avg. Volume23,337,649
30 Day Avg. Volume33,780,811
Financial Highlights & Ratios
PEG Ratio-1.44
Price to Book (P/B)0.82
Price to Sales (P/S)0.52
P/FCF Ratio-5.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.18Price Target Upside78.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.1
Revenue Forecast (FY)HK$59.72B
China Jinmao Holdings Group Limited Business Overview & Revenue Model
Company Description
China Jinmao Holdings Group Limited, established in 2004 and headquartered in Wan Chai, Hong Kong, functions as an investment holding enterprise primarily engaged in real estate and hotel ventures within Mainland China. Its business is structured ...
How the Company Makes Money
The company primarily makes money through (1) property development sales: developing residential and mixed-use projects and recognizing revenue from the sale and delivery of completed properties; this is typically the largest revenue driver for Ch...
China Jinmao Holdings Group Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
34
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.37B | 59.05B | 72.40B | 82.99B | 90.06B |
| Gross Profit | 9.22B | 8.60B | 9.02B | 13.15B | 16.76B |
| EBITDA | 5.35B | 3.96B | 2.79B | 6.70B | 10.02B |
| Net Income | 1.25B | 1.06B | -6.90B | 1.98B | 4.69B |
Balance Sheet | |||||
| Total Assets | 441.92B | 409.26B | 407.12B | 421.90B | 412.00B |
| Cash, Cash Equivalents and Short-Term Investments | 32.40B | 30.81B | 30.92B | 37.10B | 31.05B |
| Total Debt | 145.41B | 123.93B | 128.49B | 123.79B | 108.09B |
| Total Liabilities | 337.51B | 300.98B | 297.28B | 309.21B | 305.21B |
| Stockholders Equity | 38.06B | 53.58B | 39.29B | 47.45B | 49.96B |
Cash Flow | |||||
| Free Cash Flow | -6.04B | -4.33B | 2.19B | 1.04B | 3.53B |
| Operating Cash Flow | -5.66B | -3.63B | 3.09B | 1.78B | 4.44B |
| Investing Cash Flow | 9.90B | 1.01B | 1.65B | 3.86B | -11.80B |
| Financing Cash Flow | -6.64B | 2.50B | -10.91B | 352.25M | -1.71B |
China Jinmao Holdings Group Limited Technical Analysis
Negative
1.22
Price Trends
1.61
Negative
1.56
Negative
1.48
Negative
Market Momentum
-0.11
Positive
35.32
Neutral
30.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0817, the sentiment is Negative. The current price of 1.22 is below the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.61, and below the 200-day MA of 1.48, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 35.32 is Neutral, neither overbought nor oversold. The STOCH value of 30.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0817.
China Jinmao Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | HK$10.01B | -3.72 | -2.88% | ― | ― | ― | |
59 Neutral | HK$26.89B | 27.94 | 0.90% | 6.48% | 2.27% | 16.09% | |
50 Neutral | HK$14.23B | 300.29 | 0.10% | 3.68% | -0.10% | -97.03% | |
44 Neutral | HK$17.88B | 213.57 | 0.20% | 3.94% | -2.02% | -95.76% | |
42 Neutral | HK$17.84B | 71.56 | 1.53% | 2.46% | 0.69% | -16.87% | |
41 Neutral | HK$10.06B | 21.82 | 0.73% | ― | -40.33% | -21.72% |
* Real Estate Sector Average
HK:0817
China Jinmao Holdings Group Limited
1.32
0.10
8.20%
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Hopson Development Holdings Limited
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China Jinmao Holdings Group Limited Corporate Events
China Jinmao reshapes board with new non-executive director
Jun 24, 2026
China Jinmao Holdings Group has announced a board reshuffle, with non-executive director Wang Wei stepping down from the board and the Remuneration and Nomination Committee due to other business commitments, effective 24 June 2026. The company emp...
China Jinmao Outlines Board Structure and Governance Committees
Jun 24, 2026
China Jinmao Holdings Group Limited has disclosed the current composition of its board, detailing executive, non-executive and independent non-executive directors, including Chairman Tao Tianhai and senior management such as the chief financial of...
China Jinmao Wins Shareholder Backing for All AGM Resolutions, Secures Fresh Capital Mandates
Jun 23, 2026
China Jinmao Holdings Group Limited reported that all resolutions at its 2025 annual general meeting on 23 June 2026 were approved by shareholders via poll. Investors endorsed the audited financial statements for the year ended 31 December 2025, r...
China Jinmao to Fully Acquire Tianjin Timao in RMB884 Million Deal
Jun 16, 2026
China Jinmao has moved to fully consolidate its stake in Tianjin Timao, a project company developing a major residential scheme in Tianjin’s Hexi District, by acquiring the remaining 51% equity and associated debt interests from Jiaxing Cong...
China Jinmao Books RMB41.7 Billion in Contracted Sales in First Five Months of 2026
Jun 9, 2026
China Jinmao Holdings Group Limited reported unaudited contracted sales of RMB10.493 billion for May 2026, representing 368,427.48 square meters of gross floor area sold. Over the first five months of 2026, accumulated contracted sales reached RMB...
China Jinmao Sets 2025 AGM to Vote on Board, Auditor and Share Capital Mandates
May 29, 2026
China Jinmao has called its 2025 annual general meeting for 23 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025, vote on the re-election of four directors, and authorize th...
China Jinmao renews shareholder loan framework with Ping An and China Overseas partner
May 12, 2026
China Jinmao has renewed its intra-group financing arrangements by having its project companies enter a new three-year framework agreement from 13 May 2026, under which they will continue to provide shareholder loans to entities linked to China Ji...
China Jinmao posts RMB31.23 billion in contracted sales in first four months of 2026
May 11, 2026
China Jinmao reported unaudited contracted sales of RMB8.81 billion in April 2026, representing 351,476.23 square meters of gross floor area sold across its property projects. For the first four months of 2026, contracted sales reached RMB31.23 bi...
China Jinmao Subsidiary Posts Lower Q1 2026 Profit as Revenue Falls but Margin Improves
Apr 29, 2026
Shanghai Jinmao Investment Management Group, a wholly owned subsidiary of China Jinmao, reported unaudited consolidated financial data for the quarter ended 31 March 2026, as required under PRC rules for its onshore debt instruments. Total assets ...
China Jinmao Reclassifies Xi’an Huimao Loans as Continuing Connected Transaction
Apr 22, 2026
China Jinmao said its indirect non-wholly owned subsidiary Xi’an Huimao has entered into a framework agreement to extend loans to its three shareholders, Xi’an Xiangmao, Qujiang Holdings and Shaanxi Local Power Aerospace Real Estate, i...
China Jinmao Unit to Lend to Shareholders in Discloseable Loan Deal
Apr 16, 2026
China Jinmao said its indirect non-wholly owned subsidiary Chengdu Quanmao has signed a framework agreement with shareholders Beijing Yicheng and Chengdu Jingkai, under which it will extend loans to them or their designated entities. The loans wil...
China Jinmao Raises RMB2.5 Billion via 5-Year Domestic Medium-Term Notes
Apr 15, 2026
China Jinmao Holdings Group Limited’s wholly owned unit Shanghai Jinmao Investment Management Group has issued the first tranche of 2026 domestic unsecured medium-term notes, raising RMB2.5 billion from qualified investors in China’s o...
China Jinmao posts RMB22.4 billion in Q1 2026 contracted property sales
Apr 9, 2026
China Jinmao Holdings Group Limited reported that its group entities recorded contracted sales of RMB9.498 billion in March 2026, corresponding to a gross floor area of 401,892.52 square meters. For the first quarter ended 31 March 2026, cumulativ...
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.