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0978 Stock Chart & Stats
HK$0.26
>-HK$0.01(-1.92%)
At close: 4:00 PM EST
HK$0.26
>-HK$0.01(-1.92%)
Day’s Range― - ―
52-Week RangeHK$0.22 - HK$0.33
Previous CloseN/A
Volume102.00K
Average Volume (3M)1.03M
Market Cap
HK$1.18B
Enterprise ValueHK$49.90K
Total Cash (Recent Filing)HK$11.13B
Total Debt (Recent Filing)HK$31.70B
Price to Earnings (P/E)―
Beta1.45
Next Earnings
Aug 18, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield4.36%
Share Statistics
EPS (TTM)-0.45
Shares Outstanding4,905,258,000
10 Day Avg. Volume702,400
30 Day Avg. Volume1,026,006
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.21
Price to Sales (P/S)0.05
P/FCF Ratio-0.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Revenue RecoveryA strong 25.9% revenue rebound in 2025 demonstrates the company’s ability to recover top-line momentum after downturns. For a developer, durable revenue recovery signals resumed project sales and presales execution that can underpin cash inflows and operational scale over the next 2–6 months.
Diversified Revenue MixChina Merchants Land earns from development, investment rentals and property management, providing a structural mix of one-off project sales and recurring rental/fee income. This diversification helps stabilize cash flows across cycles and supports longer-term margin resilience versus pure-play developers.
Proven Cash Generation PeriodsThe company has demonstrated it can generate material operating cash (about HK$6.5B in 2024). That historical cash-generation capacity indicates underlying operating leverage and working-capital management ability, which can be re-levered when project deliveries and collections normalize.
Bears Say
Compressed MarginsMargins have deteriorated sharply, with gross margin compressed to ~6.3% and net margin negative at ~-8.4% in 2025. For a property developer, persistently thin or negative margins undermine sustainable profitability, reduce reinvestment capacity and increase sensitivity to cost or price shocks over coming quarters.
Very High LeverageLeverage rose to roughly 5.5x debt-to-equity in 2025 with equity eroded by losses. High and rising gearing constrains financial flexibility, raises refinancing and interest risks, and makes the firm vulnerable to funding stress or slower sales cycles over the medium term.
Volatile Cash FlowOperating cash flow moved from a strong inflow in 2024 to a sizable outflow in 2025, reflecting volatile collections and project timing. Such cash-flow volatility increases reliance on external funding, complicates project execution and heightens refinancing risk across the next several quarters.
China Merchants Land Limited News
0978 FAQ
What was China Merchants Land Limited’s price range in the past 12 months?
China Merchants Land Limited lowest stock price was HK$0.22 and its highest was HK$0.33 in the past 12 months.
What is China Merchants Land Limited’s market cap?
China Merchants Land Limited’s market cap is HK$1.18B.
When is China Merchants Land Limited’s upcoming earnings report date?
China Merchants Land Limited’s upcoming earnings report date is Aug 18, 2026 which is in 2 days.
How were China Merchants Land Limited’s earnings last quarter?
China Merchants Land Limited released its earnings results on Mar 12, 2026. The company reported -HK$0.44 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
Is China Merchants Land Limited overvalued?
According to Wall Street analysts China Merchants Land Limited’s price is currently Overvalued.
Does China Merchants Land Limited pay dividends?
China Merchants Land Limited pays a Annually dividend of HK$0.012 which represents an annual dividend yield of 4.36%. See more information on China Merchants Land Limited dividends here
What is China Merchants Land Limited’s EPS estimate?
China Merchants Land Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does China Merchants Land Limited have?
China Merchants Land Limited has 4,905,258,000 shares outstanding.
What happened to China Merchants Land Limited’s price movement after its last earnings report?
China Merchants Land Limited reported an EPS of -HK$0.44 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of China Merchants Land Limited?
Currently, no hedge funds are holding shares in HK:0978
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
China Merchants Land Limited
China Merchants Land Limited (0978) is a property company principally engaged in real estate development and related businesses in Mainland China. The company develops and sells residential and commercial properties, and also operates property investment and management-related activities connected to its projects.
Technical Analysis
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Sino-Ocean Group Holding
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HKR International Limited
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