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Zhuguang Holdings Group Co., Ltd.
(1176)
Zhuguang Holdings Group Co., Ltd. (1176) vs. iShares MSCI Hong Kong ETF (EWH)
Zhuguang Holdings Group Co., Ltd. Business Overview & Revenue Model
Zhuguang Holdings Group Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.33B | 1.59B | 2.30B | 2.84B | 2.99B | 6.62B |
| Gross Profit | 1.69B | 1.23B | 1.45B | 2.04B | 2.37B | 3.31B |
| EBITDA | -1.34B | -2.24B | 274.66M | 1.40B | 1.64B | 2.34B |
| Net Income | -2.83B | -3.48B | -871.01M | -997.19M | 21.27M | 2.24B |
Balance Sheet | ||||||
| Total Assets | 33.20B | 32.78B | 35.88B | 37.12B | 42.90B | 36.93B |
| Cash, Cash Equivalents and Short-Term Investments | 41.89M | 42.78M | 314.51M | 773.01M | 3.97B | 3.53B |
| Total Debt | 14.48B | 15.20B | 13.85B | 16.81B | 20.73B | 17.95B |
| Total Liabilities | 30.13B | 30.78B | 29.34B | 30.89B | 35.03B | 28.42B |
| Stockholders Equity | 3.13B | 2.03B | 5.09B | 7.25B | 7.73B | 8.41B |
Cash Flow | ||||||
| Free Cash Flow | 600.66M | 620.50M | 1.87B | 863.54M | -241.71M | -2.77B |
| Operating Cash Flow | 601.59M | 620.78M | 1.87B | 864.73M | 177.17M | -2.76B |
| Investing Cash Flow | 115.71M | 273.33M | 372.19M | 1.91B | 2.36B | 4.79B |
| Financing Cash Flow | -653.95M | -894.61M | -2.36B | -2.58B | -2.78B | -1.98B |
Zhuguang Holdings Group Co., Ltd. Technical Analysis
Zhuguang Holdings Group Co., Ltd. Peers Comparison
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% | |
64 Neutral | HK$789.71M | 10.00 | 1.50% | ― | 10.78% | -12.42% | |
51 Neutral | HK$547.20M | -0.38 | -38.17% | ― | 213.63% | -61.18% | |
44 Neutral | HK$712.93M | -0.32 | -12.55% | ― | -25.51% | -158.20% | |
40 Underperform | HK$415.98M | -0.13 | -94.81% | ― | 27.88% | -56.97% | |
38 Underperform | HK$184.08M | >-0.01 | ― | ― | -62.71% | -16.95% |
Zhuguang Holdings Group Co., Ltd. Corporate Events
Zhuguang Holdings Group has outlined a series of measures implemented since the publication of its 2024 annual report to alleviate liquidity pressure and address the auditor’s disclaimer of opinion. The Group has been engaging lenders on more than HK$3 billion of outstanding loans to avoid immediate repayment demands, while securing a commitment from controlling shareholder Rong De to continue financial support for at least twelve months from year-end 2024 and to defer repayment of amounts owed to it over the same period. The company is also negotiating refinancing with seven lenders for borrowings maturing within a year and exploring additional credit lines, amid signs of operational progress, including over HK$47 million collected and more than HK$53 million of new contracts secured from urban redevelopment projects in the eleven months to 30 November 2025, alongside workforce reductions that cut headcount from 642 to 535. In a key balance sheet move, Zhuguang has agreed to sell a 29.50% stake in Main Board-listed Silver Grant International Holdings Group Limited to Rong De for about HK$81.6 million, to be settled by offsetting an equivalent shareholder loan; subject to shareholder approval at a special general meeting on 15 January 2026, the transaction will extinguish that loan without using cash, improving gearing and debt-to-equity ratios, simplifying the capital structure, and potentially enhancing the Group’s access to capital markets to support its core business.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings has signed a new series of property management service agreements with its connected property management affiliate, extending existing arrangements for a further three years from 1 January 2026 to 31 December 2028. Because the management company is 90% owned by a close family member of the group’s controlling shareholders and directors, the deals are classified as continuing connected transactions under Hong Kong listing rules; while they trigger reporting, announcement and annual review requirements, the relatively low transaction size exempts them from the need for a shareholder circular, independent financial advice and independent shareholders’ approval, signalling continuity of operations with limited additional regulatory burden for stakeholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Company Limited has revised and formalized the terms of reference for its nomination committee, effective 1 January 2026, to strengthen corporate governance around board appointments. The updated charter specifies that the committee will be chaired by either the board chairman or an independent non-executive director, must be majority independent with at least one member of a different gender, and will meet at least annually to review nomination procedures and recommend director candidates, while being empowered to obtain information and reports from employees and professional advisers, reinforcing more structured, transparent oversight of board composition for stakeholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Company Limited has announced the current composition of its board of directors, listing six executive directors, including Chairman Chu Hing Tsung and Chief Executive Officer Liu Jie, as well as three independent non-executive directors. The company also disclosed the membership and chairmanship of its three key board committees — audit, nomination and remuneration — clarifying the respective oversight roles of each director, a move that underscores its corporate governance framework and provides investors and other stakeholders with transparency over board responsibilities as of 1 January 2026.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Company Limited, incorporated in Bermuda and listed in Hong Kong, has convened a special general meeting (SGM) for shareholders, reflecting its ongoing use of corporate actions to manage its investment portfolio and strategic interests.
The company has called an SGM for 15 January 2026 in Guangzhou to seek shareholder approval for a sale and purchase agreement under which Rong De Investments Limited will acquire 679,890,022 shares of Silver Grant International Holdings Group Limited from Splendid Reach Limited, as well as to authorize directors to execute documents and take actions necessary to implement the transaction, subject to certain limits on material variations. The meeting arrangements also set out proxy voting procedures for shareholders who cannot attend in person, underscoring the importance of the deal to the company’s governance process and investment strategy.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Co., Ltd. has announced the appointment of BDO Limited as its new auditor following the resignation of Ernst & Young. The decision was made by the board upon the recommendation of the audit committee, which considered BDO’s experience, independence, and market reputation. This change is seen as beneficial for the company and its shareholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Company Limited announced the resignation of Ernst & Young as their auditor, effective December 15, 2025, due to a disagreement over audit fees for the year ending December 31, 2025. Ernst & Young had previously been unable to express an opinion on the company’s 2024 financial statements due to uncertainties regarding the company’s ability to continue as a going concern and issues related to the valuation of an associate investment. The company is currently seeking a new auditor and will announce the appointment in due course.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.
Zhuguang Holdings Group Co., Ltd. announced the disposal of a 29.50% equity interest in Silver Grant International Holdings Group Limited for HK$81,586,802.64. This transaction, which will be settled by offsetting against a loan, will result in Zhuguang Holdings ceasing to have any equity interest in the target company. The disposal is classified as a discloseable and connected transaction under the Hong Kong Listing Rules, requiring independent shareholder approval. The transaction involves key company executives who have abstained from voting due to their interests, and an independent board committee has been formed to advise shareholders.
The most recent analyst rating on (HK:1176) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Zhuguang Holdings Group Co., Ltd. stock, see the HK:1176 Stock Forecast page.