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China Resources Land
(1109)
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Rating:67Neutral
Price Target:
HK$35.00
▲(13.49% Upside)
Action:Downgraded
Date:06/19/26
Overall score is supported primarily by attractive valuation (low P/E and strong dividend yield). This is tempered by softer financial fundamentals versus 2023 (lower margins/earnings, negative revenue momentum, and meaningful leverage with historically volatile cash flows), while technicals are mixed with neutral momentum and the price below key short-term averages.
Positive Factors
Diversified business model
China Resources Land operates both development (one-time sales) and recurring investment-property operations including rental and management income. This durable mix helps smooth revenue across cycles, provides recurring cash flow to offset development timing, and supports long-term asset monetization.
Negative Factors
High leverage
Meaningful leverage (debt≈equity) reduces financial flexibility in a cyclical property sector. It increases refinancing and interest-rate sensitivity, constrains capacity for opportunistic land purchases or large capex without raising new capital, and raises default risk if cash flows weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
China Resources Land operates both development (one-time sales) and recurring investment-property operations including rental and management income. This durable mix helps smooth revenue across cycles, provides recurring cash flow to offset development timing, and supports long-term asset monetization.
Read all positive factors
China Resources Land (1109) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$215.07B
Dividend Yield5.18%
Average Volume (3M)14.65M
Price to Earnings (P/E)7.4
Beta (1Y)1.14
Revenue Growth1.05%
EPS Growth-0.55%
CountryHK
Employees59,077
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)3.53
Shares Outstanding7,130,939,500
10 Day Avg. Volume17,863,366
30 Day Avg. Volume14,647,097
Financial Highlights & Ratios
PEG Ratio-13.68
Price to Book (P/B)0.67
Price to Sales (P/S)0.69
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$42.11Price Target Upside36.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)3.33
Revenue Forecast (FY)HK$251.40B
China Resources Land Business Overview & Revenue Model
Company Description
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China. The company operates through four segments: Development Property Business, I...
How the Company Makes Money
China Resources Land primarily makes money through two broad models: (1) property development profits and (2) recurring income from investment properties and related services. (1) Property development: The company develops residential and other pr...
China Resources Land Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 281.33B | 278.80B | 251.14B | 234.34B | 256.50B |
| Gross Profit | 59.72B | 60.33B | 63.16B | 61.44B | 68.23B |
| EBITDA | 46.36B | 62.71B | 69.33B | 66.49B | 77.01B |
| Net Income | 25.41B | 25.58B | 31.37B | 31.99B | 39.67B |
Balance Sheet | |||||
| Total Assets | 1.08T | 1.13T | 1.19T | 1.23T | 1.16T |
| Cash, Cash Equivalents and Short-Term Investments | 122.68B | 137.03B | 119.73B | 110.03B | 132.24B |
| Total Debt | 287.72B | 266.29B | 239.33B | 255.37B | 227.46B |
| Total Liabilities | 659.67B | 731.65B | 807.03B | 842.37B | 805.29B |
| Stockholders Equity | 289.61B | 272.51B | 264.87B | 277.95B | 277.35B |
Cash Flow | |||||
| Free Cash Flow | 37.89B | 45.62B | 46.09B | -6.92B | 72.63M |
| Operating Cash Flow | 38.79B | 46.59B | 47.35B | -4.71B | 2.76B |
| Investing Cash Flow | -51.31B | -22.42B | -39.30B | -31.13B | -24.14B |
| Financing Cash Flow | -3.01B | -5.69B | 8.97B | 21.84B | 44.85B |
China Resources Land Technical Analysis
Negative
30.84
Price Trends
33.42
Negative
31.44
Negative
30.03
Positive
Market Momentum
-0.87
Positive
30.52
Neutral
10.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1109, the sentiment is Negative. The current price of 30.84 is below the 20-day moving average (MA) of 33.78, below the 50-day MA of 33.42, and above the 200-day MA of 30.03, indicating a neutral trend. The MACD of -0.87 indicates Positive momentum. The RSI at 30.52 is Neutral, neither overbought nor oversold. The STOCH value of 10.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1109.
China Resources Land Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$154.27B | 14.22 | 2.75% | 4.33% | 27.01% | -20.16% | |
67 Neutral | HK$215.07B | 7.40 | 8.50% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$330.93B | 15.03 | 3.55% | 3.89% | 4.66% | 26.27% | |
51 Neutral | HK$133.20B | 9.16 | 3.23% | 4.54% | -9.39% | -19.08% | |
46 Neutral | HK$41.74B | 32.63 | 0.62% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$38.61B | -0.41 | -59.37% | ― | -28.73% | -60.86% |
* Real Estate Sector Average
HK:1109
China Resources Land
30.16
4.53
17.68%
HK:2202
China Vanke Co
2.20
-2.69
-55.01%
HK:0688
China Overseas Land & Investment
12.17
-0.96
-7.28%
HK:1113
CK Asset Holdings
44.08
10.79
32.41%
HK:0960
Longfor Group Holdings
6.03
-3.05
-33.62%
HK:0016
Sun Hung Kai Properties
114.20
27.34
31.48%
China Resources Land Corporate Events
China Resources Land Obtains CNY1 Billion Term Loan Tied to Shareholding Covenant
Jun 18, 2026
China Resources Land has secured a new term loan facility of up to CNY1 billion, or its Hong Kong dollar equivalent, from a single bank for a 36‑month period starting from the first drawdown. The funding is expected to support the group̵...
China Resources Land Growth in Sales Value and Rental Income for May 2026
Jun 12, 2026
China Resources Land reported that in May 2026 it achieved gross contracted sales of about RMB23.51 billion, a 28.1% year-on-year increase, even as contracted gross floor area fell 19.7% to 0.521 million square metres. For the first five months of...
China Resources Land Tightens Governance With Updated Executive Committee Mandate
Jun 10, 2026
China Resources Land has updated the terms of reference for its executive committee, originally established in 2017, to clarify its role in managing the company’s day-to-day operations. The revised charter formalizes the committee’s co...
China Resources Land Wins Full Shareholder Backing at 2026 AGM
Jun 9, 2026
China Resources Land reported that shareholders approved all resolutions at its annual general meeting held on 9 June 2026, endorsing the 2025 audited financial statements and a final dividend of RMB0.966 per share, payable on 3 August 2026 to sha...
China Resources Land Sets Final 2025 Dividend and Currency Options
Jun 9, 2026
China Resources Land has declared a final ordinary dividend of RMB 0.966 per share for the financial year ended 31 December 2025, with shareholders able to receive the payout in Hong Kong dollars at HKD 1.11 per share. The updated announcement spe...
China Resources Land Wins HKEX Approval for Shenzhen REIT Spin-Off
May 18, 2026
China Resources Land has received approval from the Hong Kong Stock Exchange to proceed with a proposed spin-off of its commercial real estate investment trust on the Shenzhen Stock Exchange, marking a step toward listing a public fund backed by i...
China Resources Land Sets 2026 AGM with Dividend and Buyback Mandate on Agenda
May 14, 2026
China Resources Land has called its annual general meeting for 9 June 2026 in Shenzhen, where shareholders will review the audited financial statements, directors’ and auditor’s reports for the year to 31 December 2025, and vote on a p...
China Resources Land Sees April Sales Surge and Strong Rental Growth
May 12, 2026
China Resources Land reported that in April 2026 it achieved gross contracted sales of about RMB25.88 billion on 0.594 million square meters of gross floor area, with sales value jumping 49.6% year on year even as volume was broadly flat. For the ...
China Resources Land to Replace KPMG with Deloitte as Auditor
May 11, 2026
China Resources Land plans to replace its current independent auditor, KPMG, which has served since June 2023, upon the conclusion of its annual general meeting scheduled for June 2026. The board and audit committee said the move is aimed at stren...
China Resources Land Spins Off Two Mainland Malls into Shenzhen-Listed REIT
Apr 28, 2026
China Resources Land plans to spin off two wholly owned shopping mall projects in Nantong and Linyi into a publicly traded real estate investment trust to be listed on the Shenzhen Stock Exchange. The REIT will be established via a public fund str...
China Resources Land Q1 Sales Slide as Rental Income Strengthens
Apr 13, 2026
China Resources Land reported that in March 2026 its group gross contracted sales fell 14.1% year-on-year to about RMB22.42 billion, with contracted gross floor area dropping 34.5% to 0.594 million square metres. For the first quarter, contracted ...
China Resources Land Posts Stable 2025 Results With Strong Sales Pipeline and Low Funding Costs
Mar 29, 2026
China Resources Land reported consolidated revenue of RMB281.44 billion for 2025, up 0.9% year on year, driven primarily by its development property business and supported by investment property rentals and asset-light management fees. Recurring b...
China Resources Land Sets Final 2025 Dividend at RMB 0.966 Per Share
Mar 29, 2026
China Resources Land Limited has declared a final ordinary dividend of RMB 0.966 per share for the financial year ended 31 December 2025, with shareholders set to approve the payout on 9 June 2026. The dividend can be received in Hong Kong dollars...
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.