Times China Holdings Ltd. (HK:1233)
:1233
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Times China Holdings
(1233)
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Rating:41Neutral
Price Target:
HK$0.04
▼(-68.46% Downside)
Action:Upgraded
Date:06/02/26
The score is held down primarily by severely weak financial performance—sharp revenue contraction, ongoing operating losses, negative equity, and very high debt. Technicals add further pressure with a clear downtrend and negative MACD, while valuation cannot offset the risks because losses make the negative P/E hard to interpret and no dividend support is indicated.
Positive Factors
Positive operating and free cash flow
Consistent positive operating and free cash flow through 2023–2025 shows the business can convert projects into cash despite accounting losses. That cash provides liquidity to fund working capital, support project completions and service near-term obligations, improving resilience over months.
Negative Factors
Negative shareholders' equity
Negative equity is a structural solvency red flag that undermines financial flexibility. It limits access to capital markets, increases likelihood of covenant issues or creditor pressure, and materially raises refinancing and restructuring risk in a cyclical property sector.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating and free cash flow
Consistent positive operating and free cash flow through 2023–2025 shows the business can convert projects into cash despite accounting losses. That cash provides liquidity to fund working capital, support project completions and service near-term obligations, improving resilience over months.
Read all positive factors
Times China Holdings (1233) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$113.39M
Dividend YieldN/A
Average Volume (3M)565.68K
Price to Earnings (P/E)―
Beta (1Y)2.28
Revenue Growth-73.46%
EPS Growth95.45%
CountryHK
Employees1,449
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.55
Shares Outstanding2,983,832,500
10 Day Avg. Volume592,000
30 Day Avg. Volume565,678
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)0.07
P/FCF Ratio0.24
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)-0.36
Revenue Forecast (FY)HK$7.27B
Times China Holdings Business Overview & Revenue Model
Company Description
Times China Holdings Limited is a leading property developer based in China, primarily engaged in the development, investment, and management of residential and commercial properties. The company operates in several sectors, including real estate ...
How the Company Makes Money
The company primarily makes money by developing properties and selling completed units to homebuyers and investors. Revenue is generally recognized from (i) contracted sales/turnover from the delivery of residential and mixed-use properties and (i...
Times China Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.35B | 13.11B | 21.01B | 24.42B | 43.64B |
| Gross Profit | -13.07B | -7.23B | 161.62M | 3.36B | 12.05B |
| EBITDA | -16.92B | -9.88B | -2.47B | -7.62B | 10.12B |
| Net Income | -205.70M | -16.61B | -4.51B | -9.86B | 3.26B |
Balance Sheet | |||||
| Total Assets | 64.90B | 88.54B | 121.11B | 149.93B | 198.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.08B | 840.48M | 1.73B | 2.74B | 14.72B |
| Total Debt | 33.24B | 51.66B | 49.96B | 50.28B | 56.63B |
| Total Liabilities | 72.73B | 96.41B | 110.45B | 130.02B | 155.74B |
| Stockholders Equity | -15.66B | -16.42B | 633.38M | 5.75B | 19.26B |
Cash Flow | |||||
| Free Cash Flow | 961.61M | 1.33B | 4.22B | -546.33M | 78.90M |
| Operating Cash Flow | 963.78M | 1.34B | 4.25B | -510.64M | 128.97M |
| Investing Cash Flow | 269.90M | -467.37M | 56.45M | 1.57B | -22.32B |
| Financing Cash Flow | -1.66B | -1.76B | -5.31B | -13.05B | 3.41B |
Times China Holdings Technical Analysis
Negative
0.13
Price Trends
0.06
Negative
0.07
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
23.15
Positive
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1233, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 23.15 is Positive, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1233.
Times China Holdings Peers Comparison
UnderperformOutperform
Sector (65)
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% | |
41 Neutral | HK$113.39M | -0.54 | ― | ― | -73.46% | 95.45% | |
41 Neutral | HK$191.39M | -0.04 | -34.31% | ― | -69.02% | -41.71% | |
40 Underperform | HK$74.25M | >-0.01 | 77.11% | ― | -70.62% | -155.99% | |
40 Underperform | HK$86.19M | -0.02 | -1347.47% | ― | -61.86% | 17.85% | |
40 Underperform | HK$213.53M | <0.01 | -1029.68% | ― | -30.04% | ― | |
40 Underperform | HK$151.51M | -0.01 | 55.65% | ― | -75.81% | 16.54% |
* Real Estate Sector Average
HK:1233
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Times China Holdings Corporate Events
Times China Wins Strong Shareholder Backing at 2026 AGM
May 20, 2026
Times China Holdings reported that all resolutions tabled at its 20 May 2026 annual general meeting were approved by shareholders through a poll, covering the adoption of audited financial statements for the year ended 31 December 2025, the re-ele...
Times China issues cross‑market notice on consent solicitation update
May 15, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror an earlier notice posted on the Singapore Exchange regarding a further extension and clarification of its consent solicitation. The move is designed to ensu...
Times China Posts Consent Solicitation Update for Cross-Market Disclosure Compliance
May 15, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror an earlier notice posted on the Singapore Exchange regarding a further extension and clarification of its consent solicitation. The move is aimed at ensurin...
Times China Posts RMB1.2 Billion in Contracted Sales Over First Four Months of 2026
May 7, 2026
Times China Holdings reported unaudited aggregated contracted sales of about RMB1.202 billion for the four months ended 30 April 2026, corresponding to a contracted gross floor area of roughly 125,600 square meters. For April alone, contracted sal...
Times China Unit Settles Intra‑Group Debts via RMB6.3 Million Property Transfer
Apr 29, 2026
Times China Holdings’ wholly owned unit Times Dingfeng has agreed to transfer certain properties to Times Neighborhood’s subsidiary Times Property Management (Guangzhou) for RMB6.30 million, mainly to settle outstanding accounts payabl...
Times China Sets 2026 AGM to Approve Results, Board Changes and Share Issuance Mandate
Apr 28, 2026
Times China Holdings has called its annual general meeting for 20 May 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditor’s reports for the year ended 31 ...
Times China issues cross-border notice on consent solicitation changes
Apr 16, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror an earlier notice posted on the Singapore Exchange regarding an extension and amendment to its consent solicitation. The move is aimed at ensuring equal dis...
Times China Issues Regulatory Notice on Amended Consent Solicitation
Apr 16, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror an earlier notice posted on the Singapore Exchange regarding an extension and amendment to its consent solicitation. The move is intended to ensure equal in...
Times China Posts RMB882 Million in Unaudited Q1 Contracted Sales
Apr 8, 2026
Times China Holdings reported unaudited aggregated contracted sales of approximately RMB882 million for the three months ended 31 March 2026, representing contracted gross floor area of about 85,900 square meters. In March alone, contracted sales,...
Times China Advances Debt Restructuring as Audit Disclaimers Highlight Going-Concern Risks
Mar 31, 2026
Times China Holdings, a Hong Kong-listed Chinese property developer, continues to navigate financial stress after its auditors issued disclaimers of opinion on its 2024 and 2025 consolidated results due to material going-concern uncertainties. The...
Times China Narrows 2025 Loss and Returns to Core Profit Amid Sales Slump
Mar 30, 2026
Times China Holdings, a Hong Kong-listed mainland property developer, reported a steep contraction in activity for 2025 as China’s real estate slump continued to weigh on sales and revenue. Contracted sales fell 43.3% year on year to RMB5.34...
Times China discloses overseas interest election notice on senior notes
Mar 30, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror an interest election notice relating to several tranches of its new senior notes, including 4.0% notes due 2029, 4.2% notes due 2032, and 4.5% notes due 203...
Times China Clarifies Non-Offer Nature of Overseas Consent Solicitation Notice
Mar 26, 2026
Times China Holdings has issued an overseas regulatory announcement in Hong Kong to mirror a consent solicitation notice it released on the Singapore Exchange, ensuring equal information access for investors in different markets. The company stres...
Times China Issues Regulatory Update on Consent Solicitation
Mar 26, 2026
Times China Holdings has issued an overseas regulatory announcement to Hong Kong investors regarding its consent solicitation, mirroring an announcement posted on the Singapore Exchange. The company emphasizes that this step is taken to ensure equ...
Times China Flags Sharply Narrowed 2025 Loss on Debt Restructuring Gains
Mar 25, 2026
Times China Holdings has warned shareholders that it expects to narrow its net loss attributable to owners to no more than RMB300 million for 2025, compared with a loss of about RMB16.61 billion in 2024. The improvement is mainly driven by gains f...
Times China Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 16, 2026
Times China Holdings has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025. The directors will also consider whether to recommend a final dividend, a decision that could influe...
Times China Posts RMB 481 Million in Unaudited Contracted Sales for First Two Months of 2026
Mar 11, 2026
Times China Holdings Limited reported unaudited contracted sales of about RMB 481 million for the first two months of 2026, representing a contracted gross floor area of roughly 37,500 square meters. For February alone, the group recorded approxim...
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.