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Wang On Properties Ltd.
(1243)
Wang On Properties Ltd. (1243) vs. iShares MSCI Hong Kong ETF (EWH)
Wang On Properties Ltd. Business Overview & Revenue Model
Wang On Properties Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.25B | 1.25B | 297.89M | 1.99B | 38.86M | 339.51M |
| Gross Profit | 124.15M | 139.23M | 59.77M | 316.25M | 15.54M | 169.59M |
| EBITDA | -781.64M | -781.64M | -540.08M | 42.79M | -62.37M | -13.63M |
| Net Income | -976.89M | -976.89M | -733.28M | 211.07M | 285.08M | 466.75M |
Balance Sheet | ||||||
| Total Assets | 7.27B | 7.27B | 9.89B | 9.75B | 10.61B | 10.20B |
| Cash, Cash Equivalents and Short-Term Investments | 393.95M | 393.95M | 766.31M | 889.95M | 976.27M | 1.05B |
| Total Debt | 3.47B | 3.47B | 4.72B | 4.21B | 4.58B | 4.91B |
| Total Liabilities | 3.85B | 3.85B | 5.44B | 4.46B | 5.42B | 5.17B |
| Stockholders Equity | 3.48B | 3.48B | 4.45B | 5.27B | 5.17B | 5.02B |
Cash Flow | ||||||
| Free Cash Flow | 918.14M | 918.14M | -724.49M | 329.63M | -3.04B | -1.40B |
| Operating Cash Flow | 836.59M | 918.24M | -724.14M | 347.81M | -3.03B | -1.40B |
| Investing Cash Flow | 206.15M | 328.45M | 410.14M | 327.05M | 3.42B | 331.56M |
| Financing Cash Flow | -1.30B | -1.62B | 428.50M | -897.30M | -377.90M | 1.04B |
Wang On Properties Ltd. Technical Analysis
Wang On Properties 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$826.44M | 10.35 | 1.50% | ― | 10.78% | -12.42% | |
51 Neutral | HK$501.60M | -0.34 | -38.17% | ― | 213.63% | -61.18% | |
46 Neutral | HK$565.09M | -0.31 | -29.51% | ― | 53.69% | -33.81% | |
44 Neutral | HK$1.15B | -6.68 | ― | ― | -16.81% | -0.18% | |
44 Neutral | HK$639.81M | -0.31 | -12.55% | ― | -25.51% | -158.20% | |
38 Underperform | HK$167.88M | >-0.01 | ― | ― | -62.71% | -16.95% |
Wang On Properties Ltd. Corporate Events
Wang On Properties Ltd. announced its unaudited interim results for the six months ended 30 September 2025, reporting a significant decline in profitability. Despite a 31% increase in contracted sales and a 38% rise in revenue compared to the previous year, the company experienced a gross loss of HK$17 million and a net loss attributable to owners of HK$384 million. This downturn is attributed to increased costs and other expenses, impacting the company’s financial position and leading to a 14% decrease in net asset value. The results highlight challenges in the market and operational pressures, affecting stakeholders’ outlook.
Wang On Properties Ltd. has issued a profit warning, anticipating a consolidated loss of up to HK$390 million for the six months ending September 2025, compared to a profit the previous year. This loss is attributed to strategic asset disposals aimed at enhancing liquidity and reducing net debt amid a challenging real estate market. Despite the interim loss, the company achieved record-high contracted sales, indicating strong future revenue potential.
Wang On Properties Ltd. has appointed Ms. Ho Nga Ling as an independent non-executive director, effective from November 14, 2025. Ms. Ho brings over 20 years of experience in financial and commercial real estate advisory services, and her appointment is expected to enhance the company’s strategic direction and compliance with listing rules.
Wang On Properties Ltd. has announced the composition of its board of directors and their roles within the company. The board consists of both executive and independent non-executive directors, with each member serving on various committees such as the Audit, Executive, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure and leadership roles within the company, which is crucial for stakeholders to understand the company’s strategic direction and decision-making processes.
Wang On Properties Ltd. has announced a board meeting scheduled for November 24, 2025, to discuss and approve the interim results for the six months ending September 30, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial health and potential returns for shareholders, reflecting its ongoing strategy and market positioning.
Wang On Properties Limited has completed the subscription of a key man insurance policy with Manulife, involving an initial premium of approximately US$4.85 million. This transaction, which covers Mr. Tang as the insured person, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its financial magnitude, impacting the company’s financial reporting and compliance obligations.
Wang On Properties Ltd. announced that for the six months ending September 30, 2025, it achieved unaudited contracted sales of approximately HK$1,637 million, covering a saleable area of about 58,320 square feet. The figures, based on preliminary internal data, highlight the company’s ongoing operations and market activity, although stakeholders are advised to exercise caution as these numbers may differ from future audited reports.