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China Resources Land
(1109)
China Resources Land (1109) vs. iShares MSCI Hong Kong ETF (EWH)
China Resources Land Business Overview & Revenue Model
China Resources Land Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.66B | 278.80B | 251.14B | 207.06B | 212.11B | 179.59B |
| Gross Profit | 65.79B | 60.33B | 63.16B | 56.44B | 20.74B | 53.20B |
| EBITDA | 67.71B | 62.71B | 69.33B | 58.38B | 62.90B | 52.54B |
| Net Income | 27.23B | 25.58B | 31.37B | 28.09B | 32.40B | 30.03B |
Balance Sheet | ||||||
| Total Assets | 1.26T | 1.13T | 1.19T | 1.08T | 949.80B | 869.04B |
| Cash, Cash Equivalents and Short-Term Investments | 126.36B | 137.03B | 119.73B | 96.61B | 108.01B | 92.32B |
| Total Debt | 287.68B | 266.29B | 239.33B | 224.22B | 185.78B | 170.43B |
| Total Liabilities | 808.95B | 731.65B | 807.03B | 739.62B | 657.73B | 612.80B |
| Stockholders Equity | 302.68B | 272.51B | 264.87B | 244.05B | 226.53B | 203.46B |
Cash Flow | ||||||
| Free Cash Flow | 29.14B | 45.62B | 46.09B | -6.07B | 59.32M | 13.54B |
| Operating Cash Flow | 29.91B | 46.59B | 47.35B | -4.14B | 2.25B | 16.59B |
| Investing Cash Flow | -24.75B | -22.42B | -39.30B | -39.34B | -27.80B | -32.84B |
| Financing Cash Flow | -1.77B | -5.69B | 8.97B | 26.14B | 40.20B | 36.33B |
China Resources Land Technical Analysis
China Resources Land Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$321.94B | 16.70 | 3.16% | 3.89% | 9.45% | 1.21% | |
70 Outperform | HK$150.77B | 13.28 | 2.92% | 4.33% | 9.72% | -26.47% | |
68 Neutral | HK$145.02B | 9.66 | 3.63% | 4.54% | -9.54% | -38.16% | |
68 Neutral | HK$211.50B | 7.20 | 10.17% | 5.18% | 14.40% | -2.55% | |
67 Neutral | HK$108.79B | 25.36 | 2.41% | 5.62% | -0.48% | -13.78% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
40 Underperform | $60.69B | -0.64 | -23.88% | ― | -28.36% | -206.13% |
China Resources Land Corporate Events
China Resources Land reported that in December 2025 it achieved gross contracted sales of about RMB41.0 billion and contracted gross floor area of 1.679 million square metres, representing year-on-year increases of 28.1% and 29.1% respectively, while full-year 2025 contracted sales totalled RMB233.6 billion with 9.224 million square metres sold, down 10.5% and 18.6% from the previous year, highlighting a strong year-end rebound against a weaker annual performance. The group’s recurring revenue in December edged up 0.8% year-on-year to RMB5.29 billion, with rental income from its investment properties rising 9.4% to RMB3.01 billion, contributing to full-year recurring revenue of RMB51.15 billion, up 6.5% year-on-year, and investment property rental income of RMB32.94 billion, up 12.8%, underscoring the growing stabilising role of its rental and investment property business despite cyclical pressures on contracted sales.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$33.10 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited has secured a RMB2 billion sustainability-linked term loan facility with a single bank lender, with a 36‑month tenor starting from the first drawdown. The agreement embeds strict change-of-control covenants: it will constitute an event of default if CRH ceases to be the company’s single largest shareholder with at least 35% ownership or loses practical control over the appointment of the board, or if state-owned SASAC ceases to own more than 50% of CRH, enabling the lender to cancel commitments or demand immediate repayment. These provisions effectively tie the financing to ongoing state-backed control of the group, reinforcing lender confidence in the company’s ownership stability and governance while underscoring the importance of China Resources’ state ownership structure to its access to sustainable financing, with continuing disclosure to be provided in future interim and annual reports.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited reported a decline in gross contracted sales and contracted gross floor area for November 2025, with a 10.8% and 5.6% year-over-year decrease, respectively. Despite this, the company saw an increase in recurring revenue by 7.1% year-over-year, driven by a 15.0% rise in rental income from its investment property business. The cumulative figures for the first eleven months of 2025 also show a decline in sales but an increase in recurring revenue, highlighting a shift in the company’s revenue streams.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land has entered into a series of 2025 Continuing Connected Transactions Framework Agreements with its connected entities, including CR Bank, CR Trust, CR Leasing, CR Digital, CRH, and CRI. These agreements, set to expire in December 2025, involve strategic cooperation, finance leasing, IT services, construction management, and value-added services. The transactions are subject to reporting and annual review requirements under the Listing Rules, but do not require independent shareholders’ approval.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited has revised the terms of reference for its Nomination Committee, which is responsible for reviewing and recommending changes to the board’s structure, size, and composition. The committee is tasked with maintaining a transparent and fair nomination process, developing diversity policies, and ensuring a wide range of candidates are considered for board positions. These revisions aim to enhance the company’s governance and align with its corporate strategy, potentially impacting its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited announced the completion of the disposal of 49,500,000 shares in its subsidiary, CR Mixc Lifestyle, reducing its stake from approximately 72.29% to 70.12%. The transaction raised net proceeds of about HK$2,061,270,400, which will be used for land acquisition, development costs, and general working capital, maintaining CR Mixc Lifestyle as a subsidiary with its financial results consolidated into the group’s statements.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land has entered into a Placing Agreement to dispose of 49,500,000 shares in its subsidiary, CR Mixc Lifestyle, reducing its stake from approximately 72.29% to 70.12%. This strategic move, facilitated by UBS AG Hong Kong Branch, is aimed at optimizing the company’s investment portfolio, with the transaction priced at HK$41.70 per share, reflecting a discount to recent market prices.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited reported a significant decline in its gross contracted sales and contracted gross floor area for October 2025, with year-on-year decreases of 51.0% and 46.8% respectively. Despite this downturn, the company experienced a 3.0% year-on-year increase in recurring revenue, driven by a substantial 16.8% rise in rental income from its investment property business. This mixed performance highlights challenges in the sales sector while demonstrating strength in rental income, which could impact the company’s strategic focus and stakeholder interests.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land, through its subsidiary CR Mixc Lifestyle, has renewed several framework agreements with CRH and CR Bank, effective from January 2026 to December 2028. These agreements facilitate the procurement of goods and services, value-added services, membership operations, marketing, property management, and financial services, ensuring streamlined operations and compliance with Hong Kong’s Listing Rules. The transactions are classified as continuing connected transactions, subject to reporting and review requirements but exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited has revised the terms of reference for its Audit Committee, which is composed of non-executive directors, with a majority being independent. The committee is tasked with overseeing the appointment and performance of external auditors, ensuring their independence, and developing policies for non-audit services. This revision aims to strengthen the company’s governance and audit processes, potentially enhancing transparency and accountability within the organization.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited has established an executive committee to enhance the management of its daily operations. The committee, composed of the company’s executive directors, is tasked with ensuring effective decision-making and operational efficiency by meeting at least once a year and having the authority to conduct investigations and seek external professional advice.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land has announced the acquisition of equity and debt interests in target companies, with the transactions being conducted through a transparent public bidding process. The valuation of the state-owned assets involved was rigorously reviewed and approved by the State-owned Assets Supervision and Administration Commission, ensuring fairness and transparency without any premium over the appraised value.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$32.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
China Resources Land Limited reported a 4.2% year-on-year increase in gross contracted sales for September 2025, amounting to approximately RMB17.60 billion, despite a 30.2% decline in contracted gross floor area. For the first nine months of 2025, the company’s gross contracted sales decreased by 10.4% year-on-year, while recurring revenue saw a 7.7% increase, driven by a 12.5% rise in rental income from its investment property business. These figures highlight the company’s strategic focus on enhancing its recurring revenue streams amidst fluctuating sales performance.
The most recent analyst rating on (HK:1109) stock is a Hold with a HK$33.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.