Times China Holdings (1233) AI Stock Analysis

• Market Cap: HK$399.35M
• Dividend Yield: N/A
• Average Volume (3M): 630.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.72
• Revenue Growth: -38.81%
• EPS Growth: -263.64%
• Country: HK
• Employees: 1,449
• Sector: Real Estate
• Sector Strength: 63
• Industry: Real Estate - Development
• EPS (TTM): -7.02
• Shares Outstanding: 2,101,816,000
• 10 Day Avg. Volume: 1,113,211
• 30 Day Avg. Volume: 630,445
• PEG Ratio: <0.01
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 24 Underperform
• Price Target: ―

Times China Holdings is currently experiencing significant financial challenges, with declining revenues, negative profitability, and a weak balance sheet. The technical indicators are bearish, and the valuation metrics do not provide much appeal. The company's financial instability and poor market momentum are critical concerns for investors.

Times China Holdings Business Overview & Revenue Model

Company Description

Times China Holdings Limited, an investment holding company, operates as a property developer in the People's Republic of China. The company operates through Property Development, Urban Redevelopment Business, and Property Leasing segments. The Property Development segment develops and sells residential and commercial properties. The Urban Redevelopment Business segment is involved in the sale of land held for development and other related activities. The Property Leasing segment engages in the development, leasing, and sub-leasing of commercial properties owned by the company or independent third parties. The company also provides money lending and consulting management services. As of 31 December 2021, it had total land reserves of approximately 19.9 million sq.m. The company was formerly known as Times Property (Holdings) Co., Limited and changed its name to Times China Holdings Limited in February 2018. Times China Holdings Limited was founded in 1999 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

Times China Holdings makes money primarily through the sale of residential and commercial properties developed by the company. The revenue model is driven by the development and sale of high-demand real estate projects in strategic locations, especially within the Greater Bay Area. The company also earns income from property management services, which include managing residential communities and commercial properties, offering services that enhance living conditions and maintain property value. Additionally, Times China Holdings may engage in strategic partnerships to expand its development capabilities and leverage resources, contributing to its revenue growth.

Times China Holdings Financial Statement Overview

Summary

Times China Holdings is facing severe financial difficulties marked by declining revenues, negative profitability, and deteriorating balance sheet strength. The company's negative equity and poor cash flow generation underscore the challenges in maintaining financial stability and operational viability.

Income Statement

The income statement reflects a significant decline in revenue and profitability. The company experienced steep declines in total revenue from 2021 to 2024, leading to negative gross and net profit margins in 2024. The EBIT and EBITDA margins have also turned negative, indicating substantial operational challenges.

Balance Sheet

The balance sheet shows a troubling financial position with negative stockholders' equity in 2024, driven by accumulated losses. The debt-to-equity ratio is not meaningful due to negative equity, indicating potential solvency issues. The company’s liabilities exceed its assets, highlighting financial instability.

Cash Flow

The cash flow statement highlights significant cash flow challenges. Operating cash flow fell to zero in 2024, and free cash flow also plummeted, reflecting poor cash generation from operations. The company's inability to generate positive free cash flow is concerning for its liquidity management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
13.11B	21.01B	24.42B	43.64B	38.58B
	Gross Profit
-7.23B	161.62M	3.36B	12.05B	11.10B
	EBIT
-8.02B	-914.93M	-7.96B	9.90B	9.70B
	EBITDA
-9.88B	-2.47B	-7.62B	10.12B	10.51B
	Net Income Common Stockholders
-16.61B	-4.51B	-9.62B	4.75B	4.94B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
840.48M	1.73B	2.74B	14.72B	33.53B
	Total Assets
88.54B	121.11B	149.93B	198.39B	191.50B
	Total Debt
51.66B	49.96B	50.28B	56.63B	64.80B
	Net Debt
50.82B	48.23B	47.54B	41.92B	31.26B
	Total Liabilities
96.41B	110.45B	130.02B	155.74B	155.62B
	Stockholders Equity
-16.42B	633.38M	5.75B	19.26B	18.78B
Cash Flow		Free Cash Flow
0.00	4.22B	-546.33M	78.90M	1.14B
	Operating Cash Flow
0.00	4.25B	-510.64M	128.97M	1.31B
	Investing Cash Flow
0.00	56.45M	1.57B	-22.32B	-7.75B
	Financing Cash Flow
0.00	-5.31B	-13.05B	3.41B	14.30B

Times China Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.22, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 43.14 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1109	70 Neutral	$191.11B	6.89	9.66%	1.63%	9.97%	-19.80%
Sector *	61 Neutral	$2.86B	10.96	0.41%	6.08%	5.73%	-21.25%
3383	40 Underperform	$2.02B	―	-90.47%	―	-1.96%	-17.34%
1233	24 Underperform	HK$399.35M	―	-3320.67%	―	-38.81%	-263.64%

Times China Holdings Corporate Events

Times China Holdings Announces Adjournment of Convening Hearing

Times China Holdings Limited announced the adjournment of a convening hearing related to a proposed restructuring scheme. The High Court of Hong Kong has rescheduled the hearing to 27 May 2025, and the company plans to keep shareholders and investors informed of any significant developments. Stakeholders are advised to exercise caution when dealing with the company’s securities.

Times China Holdings Reports Q1 2025 Contracted Sales

Times China Holdings Limited announced that its aggregated contracted sales for the first quarter of 2025 reached approximately RMB1,250 million, covering a gross floor area of about 114,000 square meters. In March 2025 alone, the company’s contracted sales were approximately RMB320 million. These figures are preliminary and unaudited, intended for investor reference, and may differ from future audited financial statements. Stakeholders are advised to exercise caution when interpreting this data.

Times China Holdings Faces Significant Financial Losses in 2024

Times China Holdings reported a significant financial downturn for the year ending December 31, 2024, with contracted sales dropping by 34.4% and revenue decreasing by 37.6% compared to the previous year. The company faced an annual loss of RMB16,870.9 million, marking a 288.3% increase from last year, despite efforts to control costs and expenses. The company managed to deliver over 30 projects with nearly 15,000 units during the year, indicating ongoing operational activity despite financial challenges.

Times China Holdings Projects Significant Increase in 2024 Losses

Times China Holdings Limited has issued a profit warning, projecting a significant increase in net loss for the year ending December 31, 2024, estimated between RMB16.0 billion and RMB17.5 billion, compared to a net loss of RMB4.51 billion in 2023. This anticipated increase is attributed to a decrease in revenue and gross profit margins due to a weak real estate market in China, alongside increased impairments on property projects and other assets.

Times China Holdings Schedules Board Meeting for Annual Results

Times China Holdings Limited has announced a board meeting scheduled for March 31, 2025, to approve the annual results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant for the company’s operational transparency and financial planning, potentially impacting shareholder returns and market positioning.

Times China Holdings Reports RMB650 Million in January Sales

Times China Holdings Limited reported unaudited contracted sales of approximately RMB650 million for January 2025, covering a gross floor area of around 71,000 square meters. This preliminary data serves as a reference for investors, highlighting the company’s sales performance for the month, although it may differ from future audited figures due to reporting uncertainties.