Zhaobangji Properties Holdings Limited (1660) AI Stock Analysis

• Market Cap: HK$2.20B
• Dividend Yield: N/A
• Average Volume (3M): 109.99M
• Price to Earnings (P/E): 997.3
• Beta (1Y): 0.57
• Revenue Growth: -23.87%
• EPS Growth: -71.21%
• Country: HK
• Employees: 408
• Sector: Industrials
• Sector Strength: 72
• Industry: Financial - Credit Services
• EPS (TTM): 0.00
• Shares Outstanding: 6,195,000,000
• 10 Day Avg. Volume: 34,784,400
• 30 Day Avg. Volume: 109,989,200
• PEG Ratio: -0.06
• Price to Book (P/B): 2.71
• Price to Sales (P/S): 4.35
• P/FCF Ratio: 36.72
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: HK$0.40 ▼(-16.67% Downside)
• Action: Downgraded Date: 01/29/26
• Date: Action: Downgraded 01/29/26

The score is held down primarily by deteriorating financial performance (declining revenue, negative margins, and weaker cash flow), despite a conservatively leveraged balance sheet. Technicals remain bearish with negative MACD and the price below key moving averages, though oversold RSI/Stoch modestly temper the downside. Valuation is constrained by ongoing losses (negative P/E) and no provided dividend yield.

Positive Factors

Conservative leverage

A very low debt-to-equity ratio provides durable financial flexibility: it reduces interest burden, preserves borrowing capacity for new projects or distress periods, and gives management time to address profitability without immediate solvency pressure.

Diversified revenue mix (development, leasing, management)

Having development revenues plus recurring rental income and property-management fees supports steadier cash flow profiles across cycles. This mix reduces sole reliance on unit sales and helps stabilize operating cash generation over the medium term.

Positive free cash flow to net income ratio

Despite accounting losses, a positive free cash flow-to-net-income ratio indicates the business can still convert activities into cash, providing runway to fund operations and projects while management executes turnaround actions.

Negative Factors

Sharp revenue contraction

A ~24% year-over-year revenue decline signals weakening demand or execution problems. Sustained top-line contraction reduces scale, limits fixed-cost absorption, and constrains reinvestment into projects and product quality, harming medium-term recovery prospects.

Negative margins and loss-making operations

Compressing gross margins and negative operating and net margins indicate structural profitability issues. Without margin restoration, returns on equity will remain negative and the firm cannot sustainably fund growth or justify asset reinvestment over the next several quarters.

Weakened cash conversion

Operating cash conversion below 1 means reported earnings are not translating to cash, raising liquidity risk for a developer. This pressures funding for construction, working capital, and may force asset disposals or external financing, impairing strategic flexibility.

Zhaobangji Properties Holdings Limited Business Overview & Revenue Model

Company Description

Zhaobangji Properties Holdings Limited, an investment holding company, engages in the trading of construction machinery, and provides leasing and property management services in Hong Kong and the People's Republic of China. The company operates through five segments: Trading, Leasing, Transportation, Property Management, and Property Leasing, Subletting, and Others. It trades and leases construction machinery; rents machinery; and sells machinery and spare parts, as well as provides related services; and engages in the provision of transportation services and retail management services. The company was formerly known as Sanroc International Holdings Limited and changed its name to Zhaobangji Properties Holdings Limited in May 2018. The company was incorporated in 2016 and is headquartered in Central, Hong Kong. Zhaobangji Properties Holdings Limited is a subsidiary of Boardwin Resources Limited.

How the Company Makes Money

Zhaobangji Properties Holdings Limited generates revenue primarily through its property development projects, which involve the construction and sale of residential and commercial properties. The company also earns income from leasing its properties to tenants, providing a steady stream of rental income. Additionally, the company may engage in property management services, charging fees for the management and maintenance of properties on behalf of owners. Strategic partnerships with local governments and construction firms can further enhance its project pipeline and profitability. Factors such as market demand, property prices, and economic conditions also play a significant role in influencing the company's earnings.

Zhaobangji Properties Holdings Limited Financial Statement Overview

Summary

Income statement weakness dominates: revenue and profitability declined, margins compressed, and net margin turned negative with negative EBIT/EBITDA margins. Balance sheet leverage is low (debt-to-equity 0.056) but negative ROE signals poor earnings quality. Cash flow has weakened and cash conversion is challenged (operating cash flow to net income below 1).

Income Statement

Zhaobangji Properties Holdings Limited has experienced a significant decline in revenue and profitability over the past year. The gross profit margin has decreased from 15.43% to 10.62%, and the net profit margin has turned negative, indicating a loss-making position. The EBIT and EBITDA margins are also negative, reflecting operational challenges. Revenue growth has been negative, showing a contraction in business activity.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio of 0.056, indicating conservative leverage. However, the return on equity is negative, reflecting poor profitability. The equity ratio remains stable, suggesting a solid capital structure, but the negative ROE highlights the need for improved earnings performance.

Cash Flow

Cash flow performance has weakened, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is below 1, indicating challenges in converting earnings into cash. Despite this, the free cash flow to net income ratio remains positive, suggesting some ability to generate cash despite losses.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	197.90M	267.69M	258.35M	272.00M	240.11M
Gross Profit	21.02M	41.31M	32.75M	104.12M	109.50M
EBITDA	-22.27M	44.03M	77.80M	129.89M	155.50M
Net Income	-77.81M	-28.03M	-40.98M	37.99M	88.22M
Balance Sheet
Total Assets	415.96M	516.36M	557.97M	613.46M	570.13M
Cash, Cash Equivalents and Short-Term Investments	32.63M	43.67M	60.39M	115.55M	162.53M
Total Debt	17.88M	32.93M	51.00M	40.37M	35.41M
Total Liabilities	98.60M	117.68M	123.54M	125.54M	128.20M
Stockholders Equity	317.36M	398.73M	434.48M	487.98M	441.98M
Cash Flow
Free Cash Flow	23.45M	42.93M	78.43M	-48.45M	64.32M
Operating Cash Flow	45.92M	84.01M	124.69M	-23.09M	129.82M
Investing Cash Flow	-23.66M	-57.67M	-157.40M	6.22M	42.77M
Financing Cash Flow	-27.63M	-34.87M	-15.06M	-18.83M	-97.43M

Zhaobangji Properties Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1660, the sentiment is Neutral. The current price of 0.48 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.41, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1660.

Zhaobangji Properties Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1727	60 Neutral	HK$669.33M	1.65	2.37%	―	-25.78%	-18.64%
1662	58 Neutral	HK$540.75M	10.98	8.67%	―	-16.13%	5.48%
1539	52 Neutral	HK$1.29B	12.35	19.99%	―	11.61%	287.50%
1660	43 Neutral	HK$2.20B	997.30	-21.86%	―	-23.87%	-71.21%
1683	41 Neutral	HK$485.22M	-236.90	-8.55%	―	-37.55%	-1727.78%

Zhaobangji Properties Holdings Limited Corporate Events

Seven Elements Investment Updates Board Composition and Committee Roles

Seven Elements Investment Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1660, operates with a board structure that includes both executive and independent non-executive directors, supported by four specialised board committees: audit, remuneration, nomination and investment. The company has announced an updated list of directors and their roles and functions effective 15 January 2026, confirming the composition of its executive and independent non-executive directors and assigning specific committee memberships and chairmanships, a move that clarifies governance responsibilities and reinforces its corporate oversight framework for stakeholders and regulators.

The most recent analyst rating on (HK:1660) stock is a Sell with a HK$0.51 price target. To see the full list of analyst forecasts on Zhaobangji Properties Holdings Limited stock, see the HK:1660 Stock Forecast page.

Seven Elements Investment Appoints Veteran Banker Wang Jerry Gerui as Executive Director

Seven Elements Investment Holdings Limited, listed in Hong Kong, operates as an investment holdings company with a board comprising five executive directors and three independent non-executive directors, reflecting a governance structure typical of mid-sized listed financial or investment-focused groups in the region. The company has appointed veteran finance professional Mr. Wang Jerry Gerui as an executive director effective 15 January 2026 on a one-year service agreement with annual remuneration of HK$1.2 million, adding extensive global portfolio management and asset management leadership experience from firms including Morgan Stanley, HSBC, Credit Agricole, Societe Generale, Commerzbank and Hong Kong-based investment managers; the move is expected to strengthen the Group’s management depth and investment capabilities, potentially enhancing its strategic execution and governance for shareholders.

The most recent analyst rating on (HK:1660) stock is a Sell with a HK$0.51 price target. To see the full list of analyst forecasts on Zhaobangji Properties Holdings Limited stock, see the HK:1660 Stock Forecast page.

Seven Elements Investment to Acquire Licensed Asset Management Firm for Up to HK$10 Million

Seven Elements Investment Holdings Limited has agreed to acquire 100% of an unnamed licensed asset management company for a consideration capped at HK$10 million, comprising a fixed HK$5 million payment on completion plus the target’s unaudited net asset value payable within 21 business days. The deal, reached on 23 December 2025, is subject to regulatory approval under the SFO, the target maintaining valid Type 4, 5 and 9 licenses with at least two responsible officers and sufficient staff, absence of disciplinary or investigative actions, and no material adverse change, with the buyer retaining discretion to waive certain conditions; if these are not met by the long stop date, the agreement lapses and the refundable deposit is to be returned, underscoring both the group’s push into regulated asset management and its efforts to manage regulatory and operational risks for shareholders and investors.

The most recent analyst rating on (HK:1660) stock is a Hold with a HK$0.55 price target. To see the full list of analyst forecasts on Zhaobangji Properties Holdings Limited stock, see the HK:1660 Stock Forecast page.

Seven Elements Investment Holdings Reports Interim Profit Amid Revenue Decline

Seven Elements Investment Holdings Limited, formerly known as Zhaobangji Lifestyle Holdings Limited, announced its unaudited consolidated interim results for the six months ended 30 September 2025. The company’s revenue decreased from HK$110,831,000 in the previous period to HK$84,643,000, but it managed to achieve a profit of HK$396,000 compared to a loss of HK$7,367,000 in the previous year. The improvement in profitability was supported by a reversal of expected credit losses on financial assets and a reduction in administrative expenses. The total comprehensive income for the period was HK$6,040,000, reflecting positive exchange differences on translating foreign operations.

The most recent analyst rating on (HK:1660) stock is a Hold with a HK$0.55 price target. To see the full list of analyst forecasts on Zhaobangji Properties Holdings Limited stock, see the HK:1660 Stock Forecast page.