Redsun Properties Group Ltd. (HK:1996)
:1996
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Redsun Properties Group Ltd.
(1996)
Select Model
Select Model
Rating:39Underperform
Price Target:
HK$0.03
▲(6.67% Upside)
Action:ReiteratedDate:01/30/26
The score is primarily constrained by very weak financial performance (declining revenue, negative margins, negative equity, and no operating/free cash flow in 2024). Technicals are also unfavorable with the stock trading below key long-term averages and a negative MACD. Valuation is not supportive because the negative P/E signals losses and there is no dividend yield provided.
Positive Factors
Pre-sales cash flow model
Redsun's use of pre-sales provides upfront cash during project construction, a durable working-capital advantage in property development. When executed consistently, pre-sales reduce reliance on external borrowing, lower funding costs and support project rollout even in tighter credit cycles.
Negative Factors
Negative equity / solvency risk
Negative shareholders' equity signals liabilities exceed assets and constrains conventional leverage metrics. This structural solvency weakness limits borrowing capacity, increases refinancing and covenant risk, and may force asset disposals or restructuring to restore a healthy capital base.
Read all positive and negative factors
Positive Factors
Negative Factors
Pre-sales cash flow model
Redsun's use of pre-sales provides upfront cash during project construction, a durable working-capital advantage in property development. When executed consistently, pre-sales reduce reliance on external borrowing, lower funding costs and support project rollout even in tighter credit cycles.
Read all positive factors
Redsun Properties Group Ltd. (1996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$82.87M
Dividend YieldN/A
Average Volume (3M)181.00K
Price to Earnings (P/E)―
Beta (1Y)3.33
Revenue Growth-59.30%
EPS Growth19.71%
CountryHK
Employees785
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.73
Shares Outstanding3,338,898,000
10 Day Avg. Volume196,200
30 Day Avg. Volume181,000
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.47
Price to Sales (P/S)0.02
P/FCF Ratio-0.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Redsun Properties Group Ltd. Business Overview & Revenue Model
Company Description
Redsun Properties Group Limited, together with its subsidiaries, engages in the property development business in the People's Republic of China. It operates through three segments: Property Development, Commercial Property Investment and Operation...
How the Company Makes Money
Redsun Properties Group Ltd. generates revenue primarily through the sale of residential and commercial properties. The company develops real estate projects and profits from the sale of these properties to homebuyers and investors. Additionally, ...
Redsun Properties Group Ltd. Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
15
Very Negative
Cash Flow
10
Very Negative
| 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
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
30.64
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1996, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1996.
Redsun Properties Group Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
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% | |
44 Neutral | HK$103.36M | -0.05 | -35.96% | ― | -5.63% | -36.30% | |
42 Neutral | HK$128.12M | -0.09 | -26.32% | ― | -70.72% | -667.17% | |
41 Neutral | HK$440.00M | -0.70 | -13.99% | ― | -0.38% | -296.42% | |
39 Underperform | HK$82.87M | -0.02 | -1347.47% | ― | -59.30% | 19.71% | |
39 Underperform | HK$104.83M | >-0.01 | 77.11% | ― | -70.13% | -16.86% | |
38 Underperform | HK$253.48M | -1.18 | -9.74% | ― | 173.15% | 2.36% |
* Real Estate Sector Average
HK:1996
Redsun Properties Group Ltd.
0.03
-0.02
-46.81%
HK:6158
Zhenro Properties Group Limited
0.02
-0.02
-42.86%
HK:0298
Chuang's China Investments Limited
0.11
>-0.01
-1.82%
HK:6968
Ganglong China Property Group Limited
0.08
0.00
0.00%
HK:2329
Guorui Properties Ltd
0.10
0.07
200.00%
HK:3639
Yida China Holdings Ltd.
0.04
-0.05
-55.56%
Redsun Properties Group Ltd. Corporate Events
Redsun Properties Ends Parking-Space Agency Deal, Focuses on Debt Settlements
Feb 4, 2026
Redsun Properties and its affiliate Redsun Services have terminated their previously announced parking-space sales and leasing agency framework after deeming the required approvals and operational complexity impractical, with the board stressing t...
Redsun Properties Further Extends Deadlines for Creditor Participation in Debt Restructuring
Jan 30, 2026
Redsun Properties Group Limited has further extended key deadlines under its restructuring support agreement (RSA) to give creditors more time to complete internal procedures and accede to the deal, reflecting ongoing efforts to stabilize its capi...
Redsun Properties Further Delays Dispatch of Circular on New Service Framework Agreements
Jan 30, 2026
Redsun Properties Group Limited has announced a further delay in sending a shareholder circular detailing new framework agreements for parking space sales and leasing agency services and for property management services. The circular, which will a...
Redsun Properties Posts RMB4.33 Billion in Contracted Sales for 2025
Jan 7, 2026
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 yea...
Redsun Properties Delays Circular on New Property and Parking Framework Agreements
Jan 5, 2026
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. T...
Redsun Properties Steps Up Financing and Asset Sales to Tackle Going-Concern Uncertainty
Dec 31, 2025
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 ...
Redsun Properties Extends Longstop Date and Deadlines in Offshore Debt Restructuring
Dec 29, 2025
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 a...
Redsun Properties Announces New Framework Agreements for Continued Growth
Dec 8, 2025
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 co...
Redsun Properties Announces Change in Nomination Committee
Dec 8, 2025
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 st...
Redsun Properties Announces Board Composition and Roles
Dec 8, 2025
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...
Redsun Properties Updates Nomination Committee Terms
Dec 8, 2025
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 d...
Redsun Properties Reports November 2025 Sales Figures
Dec 4, 2025
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 com...
Redsun Properties Extends RSA Fee Deadlines Amid Restructuring
Nov 14, 2025
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 fa...
Redsun Properties Reports October 2025 Sales Performance
Nov 6, 2025
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 ac...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.