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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.80B | 251.14B | 207.06B | 212.11B | 179.59B |
| Gross Profit | 60.33B | 63.16B | 56.44B | 20.74B | 53.20B |
| EBITDA | 62.71B | 69.33B | 58.38B | 62.90B | 52.54B |
| Net Income | 25.58B | 31.37B | 28.09B | 32.40B | 30.03B |
Balance Sheet | |||||
| Total Assets | 1.13T | 1.19T | 1.08T | 949.80B | 869.04B |
| Cash, Cash Equivalents and Short-Term Investments | 137.03B | 119.73B | 96.61B | 108.01B | 92.32B |
| Total Debt | 266.29B | 239.33B | 224.22B | 185.78B | 170.43B |
| Total Liabilities | 731.65B | 807.03B | 739.62B | 657.73B | 612.80B |
| Stockholders Equity | 272.51B | 264.87B | 244.05B | 226.53B | 203.46B |
Cash Flow | |||||
| Free Cash Flow | 45.62B | 46.09B | -6.07B | 59.32M | 13.54B |
| Operating Cash Flow | 46.59B | 47.35B | -4.14B | 2.25B | 16.59B |
| Investing Cash Flow | -22.42B | -39.30B | -39.34B | -27.80B | -32.84B |
| Financing Cash Flow | -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 | $277.75B | 14.41 | 3.16% | 3.78% | 9.45% | 1.21% | |
70 Outperform | $138.24B | 12.17 | 2.92% | 4.35% | 9.72% | -26.47% | |
68 Neutral | HK$137.58B | 9.17 | 3.63% | 4.32% | -9.54% | -38.16% | |
68 Neutral | $217.07B | 7.39 | 10.17% | 5.10% | 14.40% | -2.55% | |
67 Neutral | $95.25B | 23.02 | 2.41% | 5.36% | -0.48% | -13.78% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
47 Neutral | $73.56B | ― | -23.88% | ― | -28.36% | -206.13% |
China Resources Land Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
China Resources Land Limited has announced significant changes in its leadership, effective from September 23, 2025. Mr. Guo Shiqing has resigned from multiple roles, including executive director and chief financial officer, due to other work arrangements. The company has appointed Mr. Hao Zhongming and Mr. Zhao Wei as new executive directors, with Mr. Zhao also taking on the roles of chief financial officer, board secretary, and authorized representative. These leadership changes are expected to impact the company’s strategic direction and operational management.
China Resources Land Limited has announced the composition of its board of directors, which includes executive, independent non-executive, and non-executive directors. The board is structured with six committees, each focusing on areas such as audit, remuneration, nomination, corporate governance, executive functions, and sustainability, reflecting the company’s commitment to robust governance and strategic oversight.
China Resources Land Limited reported a decline in its gross contracted sales and contracted gross floor area for August 2025, with figures down 13.2% and 26.7% year-on-year, respectively. However, the company saw an increase in recurring revenue, particularly from its investment property business, which grew by 13.9% year-on-year, indicating a shift in revenue streams and potential resilience in its rental income sector.