Redsun Properties Group Ltd. (HK:1996)
:1996
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Redsun Properties Group Ltd.
(1996)
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Rating:40Underperform
Price Target:
HK$0.03
â–¼(-10.00% Downside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by very weak financial performance—deep losses, negative equity alongside high debt, and recent negative operating/free cash flow. Technical indicators also show a bearish trend (below key moving averages with negative MACD), while valuation signals are limited due to negative earnings and no provided dividend yield.
Positive Factors
Historic profitability and margins
Prior profitability in 2020–2021 shows the business model and project execution once supported healthy margins. That track record implies management and operations can generate profits under normalized market conditions, offering a durable path to recovery if sales and project completions resume.
Negative Factors
Negative equity and very high debt
Negative shareholders’ equity combined with ~HK$20.8B debt materially weakens solvency and restricts balance-sheet flexibility. This structural capital deficiency increases refinancing, covenant and creditor-intervention risk, making long-term recovery dependent on sizable external capital or asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Historic profitability and margins
Prior profitability in 2020–2021 shows the business model and project execution once supported healthy margins. That track record implies management and operations can generate profits under normalized market conditions, offering a durable path to recovery if sales and project completions resume.
Read all positive factors
Redsun Properties Group Ltd. (1996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$92.82M
Dividend YieldN/A
Average Volume (3M)181.00K
Price to Earnings (P/E)―
Beta (1Y)3.18
Revenue Growth-61.86%
EPS Growth17.85%
CountryHK
Employees785
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.23
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)-0.02
Price to Sales (P/S)0.02
P/FCF Ratio-0.31
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
null...
Redsun Properties Group Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.32B | 11.31B | 19.79B | 20.01B | 26.67B |
| Gross Profit | -746.50M | -177.07M | -669.72M | 1.67B | 5.08B |
| EBITDA | -1.10B | -641.46M | -5.21B | 350.47M | 3.25B |
| Net Income | -4.12B | -5.02B | -7.21B | -3.88B | 1.25B |
Balance Sheet | |||||
| Total Assets | 50.64B | 60.01B | 74.91B | 101.73B | 132.75B |
| Cash, Cash Equivalents and Short-Term Investments | 546.04M | 1.32B | 1.19B | 4.91B | 16.25B |
| Total Debt | 20.77B | 21.63B | 22.34B | 25.67B | 35.85B |
| Total Liabilities | 48.64B | 52.83B | 60.08B | 77.93B | 101.00B |
| Stockholders Equity | -4.56B | -432.78M | 4.69B | 11.92B | 15.77B |
Cash Flow | |||||
| Free Cash Flow | -320.96M | -472.36M | 314.02M | 1.61B | 344.64M |
| Operating Cash Flow | -289.40M | -450.55M | 342.25M | 1.63B | 366.28M |
| Investing Cash Flow | 591.50M | 1.16B | 1.17B | 1.62B | -2.59B |
| Financing Cash Flow | -1.03B | -1.14B | -2.90B | -14.70B | 3.74B |
Redsun Properties Group Ltd. Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Negative
0.04
Negative
Market Momentum
<0.01
Negative
65.47
Neutral
74.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1996, the sentiment is Positive. 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 neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.47 is Neutral, neither overbought nor oversold. The STOCH value of 74.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
49 Neutral | HK$348.69M | -0.08 | -26.32% | ― | -67.34% | -97.34% | |
42 Neutral | HK$457.78M | -0.28 | -13.99% | ― | -62.05% | -47.92% | |
42 Neutral | HK$108.53M | -0.03 | -35.96% | ― | -25.77% | -32.32% | |
40 Underperform | HK$92.82M | -0.02 | -1347.47% | ― | -61.86% | 17.85% | |
40 Underperform | HK$74.25M | >-0.01 | 77.11% | ― | -70.62% | -155.99% | |
38 Underperform | HK$269.91M | -1.18 | -9.74% | ― | 91.24% | 2.36% |
* Real Estate Sector Average
HK:1996
Redsun Properties Group Ltd.
0.03
-0.03
-49.09%
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Zhenro Properties Group Limited
0.02
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Chuang's China Investments Limited
0.12
>-0.01
-2.54%
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Ganglong China Property Group Limited
0.22
0.13
141.57%
HK:2329
Guorui Properties Ltd
0.10
0.06
164.10%
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Yida China Holdings Ltd.
0.04
-0.03
-40.00%
Redsun Properties Group Ltd. Corporate Events
Redsun Properties Posts RMB581 Million in Contracted Sales for First Four Months of 2026
May 7, 2026
Redsun Properties Group Limited reported unaudited contracted sales of RMB179 million for April 2026, covering 17,040 square meters at an average selling price of RMB10,505 per square meter. From January to April 2026, aggregate contracted sales r...
Redsun Properties Sets 2026 AGM to Renew Mandates and Auditor
Apr 28, 2026
Redsun Properties Group Limited has convened its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and directors’ and auditor’s reports for the year ended...
Redsun Properties Extends Key Deadlines to Advance Debt Restructuring Plan
Apr 24, 2026
Redsun Properties Group Limited has further extended key deadlines under its restructuring support agreement to give certain creditors more time to complete internal approval processes and accede to the deal. The Early RSA Fee Deadline has been mo...
Redsun Properties Shareholders Approve New Property Management Services Framework
Apr 14, 2026
Redsun Properties Group Limited announced that shareholders approved a new Property Management Services Master Framework Agreement at an extraordinary general meeting held on 14 April 2026. The ordinary resolution passed by poll with 94.07% of vot...
Redsun Properties Posts RMB402 Million in Preliminary Q1 2026 Contracted Sales
Apr 9, 2026
Redsun Properties Group Limited reported unaudited contracted sales of RMB167 million for March 2026, with a sales area of 14,606 square meters and an average selling price of RMB11,462 per square meter. For the first quarter of 2026, aggregate co...
Redsun Properties Deepens Liquidity Measures to Tackle Going-Concern Disclaimer
Mar 31, 2026
Redsun Properties Group Limited has provided an update on steps taken to address auditors’ disclaimer of opinion on its 2024 accounts, which was driven by material uncertainties over the group’s ability to continue as a going concern. ...
Redsun Properties Extends Key Deadlines in Offshore Debt Restructuring
Mar 27, 2026
Redsun Properties Group Limited has further adjusted the timetable for its ongoing offshore debt restructuring, extending both the Early RSA Fee Deadline and the Base RSA Fee Deadline to give creditors more time to join its restructuring support a...
Redsun Properties Widens Gross Loss as Revenue Plunges and Net Loss Persists in 2025
Mar 26, 2026
Redsun Properties Group Limited reported a sharp deterioration in operating performance for the year ended 31 December 2025, as revenue plunged 61.8% year on year to RMB4.32 billion amid weaker contracted sales of RMB4.33 billion on 319,397 square...
Redsun Properties Calls April EGM to Approve New Property Management Services Framework
Mar 20, 2026
Redsun Properties Group Limited has called an extraordinary general meeting in Hong Kong on 14 April 2026 for shareholders to vote on approving a new Property Management Services Master Framework Agreement and its related annual caps. The proposal...
Redsun Properties Wins Adjournment of Winding-Up Petition to Advance Debt Restructuring
Mar 19, 2026
Redsun Properties Group Limited has obtained High Court approval to adjourn a winding-up petition hearing to 5 October 2026, following joint application by the company and the petitioner and with the support of certain holders of its senior notes....
Redsun Properties Sets March 2026 Board Meeting to Approve 2025 Results
Mar 16, 2026
Redsun Properties Group Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the publication of these results and evaluate whet...
Redsun Properties Posts RMB235 Million in Preliminary Sales for First Two Months of 2026
Mar 5, 2026
Redsun Properties Group Limited reported unaudited contracted sales of RMB134 million for February 2026, with a sales area of 11,405 square meters and an average selling price of RMB11,784 per square meter. From January to February 2026, aggregate...
Redsun Properties Further Delays Circular on New Service Framework Deals
Feb 27, 2026
Redsun Properties Group Limited has announced another postponement in sending to shareholders a circular detailing new framework agreements for parking space sales and leasing agency services, as well as property management services. The company n...
Redsun Properties Extends Key Deadlines in Debt Restructuring Support Agreement
Feb 27, 2026
Redsun Properties Group Limited has further extended key deadlines linked to its offshore debt restructuring support agreement, as some creditors need more time to complete internal procedures before acceding to the deal. The company has pushed th...
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.