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Redsun Properties Group Ltd.
(Frankfurt: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 | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 11.31B | 19.79B | 20.01B | 26.67B | 20.16B | Gross Profit |
| -177.07M | -669.72M | 1.67B | 5.08B | 4.51B | EBIT |
| -685.86M | -1.54B | 284.04M | 3.18B | 2.59B | EBITDA |
| -641.46M | -5.21B | -1.95B | 3.25B | 2.66B | Net Income Common Stockholders |
| -5.02B | -7.21B | -3.88B | 1.25B | 1.66B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.32B | 1.19B | 4.91B | 16.25B | 13.68B | Total Assets |
| 60.01B | 74.91B | 101.73B | 132.75B | 119.05B | Total Debt |
| 21.63B | 22.34B | 25.67B | 35.85B | 34.09B | Net Debt |
| 20.39B | 21.27B | 20.81B | 19.81B | 21.68B | Total Liabilities |
| 52.83B | 60.08B | 77.93B | 101.00B | 91.64B | Stockholders Equity |
| -432.78M | 4.69B | 11.92B | 15.77B | 15.18B |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 314.02M | 1.61B | 344.64M | -2.59B | Operating Cash Flow |
| 0.00 | 342.25M | 1.63B | 366.28M | -2.49B | Investing Cash Flow |
| 0.00 | 1.17B | 1.62B | -2.59B | -818.99M | Financing Cash Flow |
| 0.00 | -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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $2.83B | 10.72 | 0.40% | 6.10% | 5.80% | -21.26% | |
30 Underperform | €182.32M | ― | -238.71% | ― | -43.49% | 31.62% | |
| $274.19M | ― | ― | ― | ― | |||
| $10.11B | 5.74 | 13.28% | ― | ― | |||
| $263.56M | ― | -90.47% | ― | ― | ― | ||
| $24.57B | 6.17 | 9.66% | 1.41% | ― | ― | ||
| $1.34B | ― | -341.41% | ― | ― | ― |
Redsun Properties Group Ltd. Corporate Events
Redsun Properties Group Ltd. announced an extension of the deadlines for the Early RSA Fee and Base RSA Fee due to certain creditors requiring more time to complete internal processes. This extension allows holders of existing debt more time to accede to the restructuring support agreement, potentially impacting the company’s financial restructuring efforts and stakeholder engagement.
Redsun Properties Group Ltd. has announced an Extraordinary General Meeting (EGM) to be held on May 21, 2025, in Hong Kong. The agenda includes approving the Parking Spaces Transfer Framework Agreement and the Equity Transfer Agreements, which are significant for the company’s strategic operations. These agreements are expected to impact the company’s asset management and operational efficiency, potentially influencing its market positioning and stakeholder interests.
Redsun Properties Group Ltd. has announced its upcoming Annual General Meeting scheduled for June 26, 2025, in Hong Kong. Key agenda items include the adoption of financial statements for 2024, re-election of directors, and authorization for the board to fix directors’ remuneration. Additionally, the company seeks approval for mandates to purchase its shares and to issue additional shares or securities, which could impact its capital structure and shareholder value.
Redsun Properties Group Ltd. has announced an extension of deadlines related to its Restructuring Support Agreement (RSA) due to certain creditors needing additional time to complete internal processes. The Early RSA Fee Deadline has been extended to May 2, 2025, and the Base RSA Fee Deadline to May 16, 2025. This extension allows holders of existing debt more time to accede to the RSA, potentially impacting the company’s restructuring efforts and financial stability.
Redsun Properties Group Ltd. announced its unaudited operating figures for March 2025, reporting contracted sales of RMB408 million with a sales area of 36,502 square meters. For the first quarter of 2025, the company achieved aggregate contracted sales of RMB1.520 billion. These figures are preliminary and may differ from future audited financial statements, and investors are advised to exercise caution.
Redsun Properties Group Ltd. has announced an extension of deadlines related to its restructuring support agreement (RSA) due to some creditors needing additional time for internal processes. The Early RSA Fee Deadline has been extended to April 18, 2025, and the Base RSA Fee Deadline to May 2, 2025, allowing holders of existing debt more time to accede to the RSA. This move is part of the company’s ongoing efforts to manage its debt restructuring, which is crucial for maintaining its financial stability and operational continuity.
Redsun Properties Group Ltd. has announced a delay in the dispatch of a circular related to the Parking Spaces Transfer Framework Agreement and the Equity Transfer Agreements. The circular, which includes important details and recommendations, was initially expected by March 28, 2025, but will now be postponed to on or before April 30, 2025, due to the need for additional time to finalize certain information.
Redsun Properties Group Ltd. announced its annual results for the year ended December 31, 2024, reporting a decrease in revenue by 42.9% to RMB11,305.7 million compared to the previous year. Despite a reduction in net loss from RMB7,739.7 million in 2023 to RMB5,525.6 million in 2024, the company experienced a gross loss of RMB177.1 million. The announcement highlights the challenges faced by the company, including fair value losses on investment properties and significant finance costs, impacting its financial performance and market positioning.
Redsun Properties Group Limited, incorporated in the Cayman Islands, has announced an update regarding a winding-up petition. The High Court has approved an adjournment of the petition hearing to September 2025, with support from certain senior noteholders. The company expresses gratitude to its creditors for their support and is committed to continuing its restructuring efforts. Shareholders and investors are advised to exercise caution when dealing with the company’s securities.
Redsun Properties Group Ltd. has announced a significant reduction in its net loss for the year ending December 31, 2024, with an expected loss between RMB5,000 million to RMB6,000 million, marking a decrease of no less than 22% compared to the previous year. This improvement is attributed to reduced impairment losses on properties and a decrease in fair value loss on investment properties. However, the results are based on preliminary unaudited accounts and may differ from the final figures to be released by March 2025.
Redsun Properties Group Ltd. has announced an extension of the deadlines for its Early RSA Fee and Base RSA Fee, providing additional time for creditors to complete their internal processes. This move is part of the company’s ongoing restructuring efforts, aimed at stabilizing its financial position and ensuring compliance with the restructuring support agreement. The extension reflects Redsun’s commitment to accommodating creditor needs and maintaining transparency in its restructuring process.
Redsun Properties Group Ltd. reported unaudited contracted sales of RMB443 million for February 2025, with a sales area of 27,891 square meters and an average selling price of RMB15,893 per square meter. For the first two months of 2025, the company achieved aggregate contracted sales of RMB1.112 billion. These figures, however, are preliminary and subject to change, and investors are advised to exercise caution when dealing with the company’s securities.
Redsun Properties Group Limited has announced an extension to the Early RSA Fee Deadline related to its offshore debt restructuring efforts. This extension, now set for March 7, 2025, allows creditors more time to complete internal processes due to the Chinese lunar new year period. The announcement indicates that 55.21% of the creditors have already submitted letters to accede to the restructuring support agreement (RSA), and the company will continue to update stakeholders on the progress of this restructuring.
Redsun Properties Group Limited has entered into a substantial disposal agreement, selling Target Parking Spaces for approximately RMB230.92 million, and equity interests in three target companies for a total of approximately RMB257.69 million. This strategic move will result in Redsun ceasing to have interests in these entities, affecting its financial consolidation and performance representation of joint ventures and associates.
Redsun Properties Group Ltd. reported unaudited contracted sales of RMB669 million for January 2025, covering a sales area of 43,800 square meters at an average price of RMB15,275 per square meter. While these preliminary figures indicate the company’s ongoing business activity, investors are cautioned about potential discrepancies with future audited statements and advised to consult professional advisors before making investment decisions.