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Powerlong Real Estate Holdings Ltd.
(1238)
Powerlong Real Estate Holdings Ltd. (1238) vs. iShares MSCI Hong Kong ETF (EWH)
Powerlong Real Estate Holdings Ltd. Business Overview & Revenue Model
Powerlong Real Estate Holdings Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 25.76B | 22.90B | 31.38B | 39.90B | 35.50B | Gross Profit |
| 2.35B | 2.45B | 9.88B | 12.52B | 12.82B | EBIT |
| -2.65B | -1.85B | 7.03B | 9.04B | 10.03B | EBITDA |
| 527.34M | -538.26M | 7.27B | 9.27B | 10.25B | Net Income Common Stockholders |
| -5.77B | -2.59B | 445.75M | 6.03B | 6.14B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.11B | 7.85B | 9.73B | 19.60B | 25.65B | Total Assets |
| 192.02B | 214.81B | 233.75B | 245.06B | 195.13B | Total Debt |
| 58.97B | 61.68B | 65.87B | 75.50B | 67.46B | Net Debt |
| 52.87B | 53.95B | 56.28B | 56.09B | 42.12B | Total Liabilities |
| 142.62B | 159.49B | 171.15B | 182.65B | 143.33B | Stockholders Equity |
| 33.04B | 37.59B | 41.63B | 41.21B | 36.74B |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 5.06B | 4.07B | 1.48B | -12.40B | Operating Cash Flow |
| 0.00 | 5.56B | 4.44B | 1.94B | -12.01B | Investing Cash Flow |
| 0.00 | 3.91B | -1.65B | -22.86B | -5.24B | Financing Cash Flow |
| 0.00 | -11.32B | -12.55B | 15.10B | 22.36B |
Powerlong Real Estate Holdings Ltd. Technical Analysis
Powerlong Real Estate Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | $191.11B | 6.89 | 9.66% | 1.63% | 9.97% | -19.80% | |
61 Neutral | $2.86B | 10.96 | 0.41% | 6.08% | 5.73% | -21.25% | |
41 Neutral | $1.09B | ― | -95.62% | ― | -31.29% | 57.76% | |
40 Underperform | $2.02B | ― | -90.47% | ― | -1.96% | -17.34% | |
36 Underperform | HK$1.35B | ― | -16.13% | ― | 10.08% | -118.45% | |
31 Underperform | HK$3.79B | ― | -71.13% | ― | -50.18% | 12.86% |
Powerlong Real Estate Holdings Ltd. Corporate Events
Powerlong Real Estate Holdings Limited has announced its upcoming annual general meeting to be held on June 13, 2025, in Shanghai. Key agenda items include the adoption of financial statements for 2024, re-election of directors, and authorization for the board to manage director remuneration and share allotment. These resolutions aim to strengthen the company’s governance and operational capabilities, potentially impacting its market position and shareholder value.
Powerlong Real Estate Holdings Limited has appointed China International Capital Corporation Hong Kong Securities Limited as its new sole financial advisor to address its current liquidity issues. The company, along with its advisors, is working towards a holistic solution to reach an agreement with offshore creditors, emphasizing the need for patience and support from stakeholders.
Powerlong Real Estate Holdings Limited reported unaudited operating statistics for March 2025, revealing a contracted sales value of approximately RMB696 million and a contracted sales area of 58,059 square meters. For the first quarter of 2025, the total contracted sales value reached RMB1,996 million with a total sales area of 168,323 square meters. These figures are preliminary and may vary from future audited reports, serving as a reference for investors who are advised to exercise caution.
Powerlong Real Estate Holdings Limited announced its annual results for the year ending December 31, 2024, reporting a 12.5% increase in revenue to approximately RMB25,757 million compared to the previous year. Additionally, the company experienced a 5.2% rise in rental income and income from commercial operational and residential property management services, totaling approximately RMB4,295 million. The announcement also included a change in the Chief Financial Officer position, indicating potential strategic shifts in the company’s financial management.
Powerlong Real Estate Holdings Ltd. has announced a change in the date of its board meeting originally scheduled for March 27, 2025, due to the need for additional time by the company’s auditor to finalize the annual results for 2024. The meeting will now take place on March 31, 2025, with all other details remaining unchanged. This rescheduling is crucial for ensuring accurate financial reporting, impacting stakeholders’ expectations and the company’s operational transparency.
Powerlong Real Estate Holdings Limited has issued a profit warning, indicating an expected increase in losses for the year ending December 31, 2024, compared to the previous year. The anticipated losses, ranging between RMB5,300 million and RMB5,600 million, are attributed to a challenging operating environment in the real estate sector, including impairment provisions for property projects, decreased fair value of investment properties, foreign exchange losses, and reduced share of results from joint ventures and associates.
Powerlong Real Estate Holdings Limited has announced a board meeting scheduled for March 27, 2025, to consider and approve the annual results for the year ending December 31, 2024. This meeting will also address any other business matters, potentially impacting the company’s operational strategy and stakeholder interests.
Powerlong Real Estate Holdings Ltd. reported unaudited operating statistics for February 2025, revealing a contracted sales value of approximately RMB608 million and a contracted sales area of 51,933 square meters. For the first two months of 2025, the total contracted sales value reached approximately RMB1,300 million with a sales area of 110,264 square meters. These figures are preliminary and may differ from future audited reports, advising investors to exercise caution.
Powerlong Real Estate Holdings Ltd. announced that a liquidation application has been filed against its wholly-owned subsidiary, Powerlong BVI, due to non-payment of senior notes. The company is actively negotiating with the applicants to resolve the issue and believes the application does not reflect the interests of other stakeholders. Powerlong is committed to finding a comprehensive solution to its liquidity issues and is working with financial and legal advisors to protect its operations and stakeholder interests.
Powerlong Real Estate Holdings Limited announced that its restructuring scheme has lapsed as certain conditions were not met by the Longstop Date of February 28, 2025. Despite this setback, the company remains committed to finding a holistic solution to its liquidity issues and has engaged Alvarez & Marsal Corporate Finance Limited as a financial advisor to explore feasible options with creditors. The company is seeking cooperation and patience from its offshore creditors to develop an optimal debt solution.
Powerlong Real Estate Holdings Limited announced a setback in its restructuring process as the court denied the company’s request to extend the Longstop Date from 28 February 2025 to 31 May 2025. Despite efforts to fulfill restructuring conditions, some are likely to remain unmet, causing the scheme to lapse after the original Longstop Date. The company is committed to maintaining communication with creditors and emphasizes the importance of patience and understanding from stakeholders as it seeks a holistic solution for its debt obligations.
Powerlong Real Estate Holdings Ltd. announced its unaudited operating statistics for January 2025, reporting a total contracted sales value of approximately RMB691 million and a sales area of 58,331 square meters. These figures are based on preliminary internal data and may vary from future audited financial statements, prompting the company to advise investors to exercise caution and seek professional advice when considering their securities.