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Redsun Properties Group Ltd.
(1996)
Redsun Properties Group Ltd. (1996) vs. iShares MSCI Hong Kong ETF (EWH)
Redsun Properties Group Ltd. Business Overview & Revenue Model
Redsun Properties Group Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.01B | 11.31B | 19.79B | 20.01B | 26.67B | 20.16B |
| Gross Profit | -931.22M | -177.07M | -669.72M | 1.67B | 5.08B | 4.51B |
| EBITDA | -1.24B | -641.46M | -5.21B | 350.47M | 3.25B | 2.66B |
| Net Income | -5.12B | -5.02B | -7.21B | -3.88B | 1.25B | 1.66B |
Balance Sheet | ||||||
| Total Assets | 54.30B | 60.01B | 74.91B | 101.73B | 132.75B | 119.05B |
| Cash, Cash Equivalents and Short-Term Investments | 905.98M | 1.32B | 1.19B | 4.91B | 16.25B | 12.84B |
| Total Debt | 21.00B | 21.63B | 22.34B | 25.67B | 35.85B | 34.09B |
| Total Liabilities | 49.51B | 52.83B | 60.08B | 77.93B | 101.00B | 91.64B |
| Stockholders Equity | -2.32B | -432.78M | 4.69B | 11.92B | 15.77B | 15.18B |
Cash Flow | ||||||
| Free Cash Flow | -506.41M | -472.36M | 314.02M | 1.61B | 344.64M | -2.59B |
| Operating Cash Flow | -487.20M | -450.55M | 342.25M | 1.63B | 366.28M | -2.49B |
| Investing Cash Flow | 670.38M | 1.16B | 1.17B | 1.62B | -2.59B | -818.99M |
| Financing Cash Flow | -199.95M | -1.14B | -2.90B | -14.70B | 3.74B | 7.16B |
Redsun Properties Group Ltd. Technical Analysis
Redsun Properties Group 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% | |
42 Neutral | HK$115.15M | -0.12 | -26.32% | ― | -70.72% | -667.17% | |
41 Neutral | HK$617.77M | -0.41 | -13.99% | ― | -0.38% | -296.42% | |
41 Neutral | HK$129.20M | -0.04 | -35.96% | ― | -5.63% | -36.30% | |
40 Underperform | HK$126.66M | -0.01 | ― | ― | -70.13% | -16.86% | |
39 Underperform | HK$116.02M | -0.02 | -1347.47% | ― | -59.30% | 19.71% | |
38 Underperform | HK$251.13M | -0.89 | -9.74% | ― | 173.15% | 2.36% |
Redsun Properties Group Ltd. Corporate Events
Redsun Properties Group Limited reported unaudited operating figures showing contracted sales of RMB150 million in December 2025, with a sales area of 11,107 square meters at an average selling price of RMB13,508 per square meter. For the full year from January to December 2025, the group recorded aggregate contracted sales of RMB4.33 billion on 319,397 square meters of sold area, at an average selling price of RMB13,559 per square meter, with the company cautioning that these preliminary data may differ from forthcoming audited results and advising investors to exercise care when dealing in its securities.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has announced a delay in sending to shareholders a circular covering its new Parking Space Sales and Leasing Agency Services Framework Agreement and its new Property Management Services Master Framework Agreement. The circular, which will include details of the proposed transactions, an independent board committee letter, financial adviser recommendations and the notice of an extraordinary general meeting, was originally slated for despatch by 5 January 2026 but has now been postponed to on or before 30 January 2026 to allow more time to finalize the information, potentially pushing back shareholder review and approval timelines for the new framework arrangements.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has provided an update on its efforts to address the auditors’ disclaimer of opinion on its 2024 consolidated financial statements, which stemmed from material uncertainties about the group’s ability to continue as a going concern. Since the publication of its 2024 annual report, the company has extended or slowed repayment schedules on thirteen loans totaling about RMB3.9 billion, secured two new financings of approximately RMB90 million to support project delivery, and obtained shareholder approval to sell equity interests in certain project companies and related parking spaces to Redsun Services Group Limited, with transfer arrangements now being finalized. In parallel, Redsun is pursuing additional financing, accelerating property sales, improving cash collection on existing sales, and tightening cost controls, signaling a concerted effort to stabilize liquidity, meet existing obligations and reassure stakeholders about its financial sustainability.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has further adjusted the timetable of its offshore debt restructuring, signing an amendment agreement with a majority of its initial consenting creditors to push back the longstop date of its restructuring support agreement to 30 December 2026. The company has also extended both the Early RSA Fee Deadline to 30 January 2026 and the Base RSA Fee Deadline to 13 February 2026 to give additional time for remaining holders of its existing debt to complete internal processes and accede to the restructuring deal, a move aimed at broadening creditor participation and stabilising its capital structure amid ongoing financial workouts.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Ltd. has announced new framework agreements for parking space sales and leasing agency services, and property management services, effective from December 2025. These agreements are part of the company’s continuing connected transactions, requiring compliance with Hong Kong’s Listing Rules, including reporting and independent shareholders’ approval due to the significant percentage ratios involved. The company has established an Independent Board Committee and appointed an independent financial adviser to ensure the transactions are fair and in the interest of shareholders, with further details to be provided in a forthcoming circular.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has announced a change in its Nomination Committee, with Ms. Hu Fang, an executive director, being appointed as a new member effective December 8, 2025. This change reflects the company’s ongoing efforts to strengthen its governance structure, potentially impacting its strategic decision-making and enhancing its market positioning.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has announced the composition of its board of directors, which includes both executive and independent non-executive directors. The announcement details the roles and functions of each director within the company’s various committees, such as the Audit, Nomination, and Remuneration Committees. This update reflects the company’s governance structure and may impact its strategic decision-making and corporate oversight.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Limited has revised the terms of reference for its Nomination Committee, which is responsible for the appointment of board members. The committee will consist of at least three members, primarily independent non-executive directors, and must include at least one director of a different gender. This move aligns with the company’s commitment to adhere to the listing rules and promote diversity within its governance structure.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Ltd. reported contracted sales of RMB200 million for November 2025, with a sales area of 14,722 square meters and an average selling price of RMB13,571 per square meter. For the period from January to November 2025, the company achieved aggregate contracted sales of RMB4.181 billion, covering a sales area of 308,290 square meters. These figures, however, are preliminary and subject to change, and investors are advised to exercise caution.
The most recent analyst rating on (HK:1996) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Redsun Properties Group Ltd. stock, see the HK:1996 Stock Forecast page.
Redsun Properties Group Ltd. has announced an extension of the deadlines for its Early RSA Fee and Base RSA Fee, allowing creditors more time to complete internal processes related to the restructuring support agreement (RSA). This move aims to facilitate creditor participation in the RSA, potentially stabilizing the company’s financial restructuring efforts.
Redsun Properties Group Ltd. reported unaudited contracted sales of RMB202 million for October 2025, with a sales area of 13,427 square meters and an average selling price of RMB15,077 per square meter. From January to October 2025, the company achieved aggregate contracted sales of RMB3.98073 billion. These figures, subject to future changes, reflect the company’s ongoing performance in the real estate market, though investors are cautioned against relying solely on this preliminary data.
Redsun Properties Group Ltd. has announced an extension of the deadlines for its Early RSA Fee and Base RSA Fee, allowing creditors more time to complete their internal processes related to the restructuring support agreement. This extension reflects the company’s ongoing efforts to manage its debt restructuring effectively, which could have implications for its financial stability and stakeholder relationships.