Sunshine 100 China Holdings Ltd. (2608) AI Stock Analysis

• Market Cap: HK$30.61M
• Dividend Yield: N/A
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.76
• Revenue Growth: -31.35%
• EPS Growth: -41.47%
• Country: HK
• Employees: 1,603
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.46
• Shares Outstanding: 2,550,811,500
• 10 Day Avg. Volume: 2,292,300
• 30 Day Avg. Volume: 1,618,666
• PEG Ratio: >-0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.02
• P/FCF Ratio: -0.15
• 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: 40 Underperform
• Price Target: HK$0.01 ▲(0.00% Upside)

Sunshine 100 China Holdings Ltd. is in a precarious financial position, with significant challenges across its financial statements. The technical analysis indicates bearish momentum, and the valuation metrics are unattractive due to negative earnings and no dividend yield. These factors contribute to a low overall stock score.

Positive Factors

Business Model

The company's focus on mixed-use developments caters to urbanization trends and the needs of the emerging middle class, providing a diversified revenue stream.

Partnerships

Strategic partnerships enhance project execution efficiency and land acquisition, crucial for sustained growth in the competitive real estate market.

Market Position

Operating in key cities positions the company to benefit from urban growth and increased demand for integrated urban complexes.

Negative Factors

Financial Distress

Ongoing financial distress with negative equity and declining revenues threatens long-term viability and limits growth opportunities.

Liquidity Issues

Lack of cash flow generation raises concerns about the company's ability to meet short-term obligations and fund operations.

Operational Inefficiencies

Negative margins indicate inefficiencies and high costs, undermining competitiveness and profitability in the long term.

Sunshine 100 China Holdings Ltd. Business Overview & Revenue Model

Company Description

Sunshine 100 China Holdings Ltd. (2608) is a Chinese real estate development company focused on creating mixed-use developments that integrate residential, commercial, and office spaces. The company primarily operates in key cities across China, catering to the emerging middle class with its innovative urban complexes and lifestyle communities.

How the Company Makes Money

Sunshine 100 China Holdings Ltd. makes money primarily through the development and sale of residential properties, as well as leasing and selling commercial and office spaces within its mixed-use developments. The company generates additional revenue through property management services, which include maintenance and community services for its residential communities. Partnerships with local governments and other developers often play a crucial role in acquiring land and expediting project approvals, contributing to the company's earnings.

Sunshine 100 China Holdings Ltd. Financial Statement Overview

Summary

Sunshine 100 China Holdings Ltd. is facing severe financial distress. The income statement shows persistent losses and declining revenues. The balance sheet indicates insolvency with negative equity, and the cash flow statement reveals liquidity issues with zero operating and free cash flow in the most recent year.

Income Statement

Sunshine 100 China Holdings Ltd. has been experiencing significant financial challenges, as evidenced by persistent negative net income and declining revenue over recent years. The gross profit margin has turned negative, indicating that the company is selling products below cost. Furthermore, EBIT and EBITDA margins are also negative, highlighting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet shows concerning signs with negative stockholders' equity, indicating insolvency. The debt-to-equity ratio is not calculable due to negative equity, but the high total debt level presents a severe financial risk. The equity ratio is negative, reflecting more liabilities than assets, which could lead to financial distress.

Cash Flow

The cash flow statement reveals a precarious situation with zero operating and free cash flow in the most recent year, indicating potential liquidity issues. Previous years showed positive operating cash flow, but the recent lack of cash flow generation is alarming, especially in the face of ongoing net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.78B	2.02B	2.10B	2.36B	5.40B	5.76B
Gross Profit	-399.41M	-651.20M	395.11M	128.32M	-601.07M	1.32B
EBITDA	-570.22M	-1.05B	-806.05M	-1.86B	-2.58B	496.23M
Net Income	-5.01B	-5.59B	-2.99B	-3.16B	-3.67B	438.04M
Balance Sheet
Total Assets	39.38B	46.10B	50.83B	52.38B	56.36B	61.28B
Cash, Cash Equivalents and Short-Term Investments	925.73M	1.01B	1.03B	1.08B	1.62B	6.08B
Total Debt	24.65B	27.06B	27.06B	26.88B	26.81B	26.77B
Total Liabilities	45.52B	51.09B	50.02B	48.40B	49.02B	49.11B
Stockholders Equity	-7.10B	-6.01B	-419.94M	2.56B	5.75B	9.38B
Cash Flow
Free Cash Flow	-77.75M	-287.55M	392.21M	379.33M	275.57M	1.33B
Operating Cash Flow	-74.02M	-283.34M	394.27M	402.22M	312.96M	1.36B
Investing Cash Flow	569.57M	575.07M	149.03M	-382.34M	728.78M	991.93M
Financing Cash Flow	-278.00M	-289.42M	-557.36M	-578.52M	-2.98B	-1.69B

Sunshine 100 China Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Neutral
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2608, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, equal to the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.08 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2608.

Sunshine 100 China Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1862	46 Neutral	€18.47M	>-0.01	―	―	-43.92%	-90.83%
2608	40 Underperform	HK$30.61M	―	―	―	-31.35%	-41.47%
1246	29 Underperform	HK$28.52M	―	―	―	―	―

Sunshine 100 China Holdings Ltd. Corporate Events

Sunshine 100 China Holdings Ltd Updates on Financial Restructuring Efforts

Sunshine 100 China Holdings Ltd has announced a quarterly update on its efforts to address a disclaimer of opinion issued by its auditors concerning the company’s financial statements for the year ending December 31, 2024. The company has been actively engaging in negotiations with creditors and lenders for debt restructuring and extensions, as well as exploring various financing options. Additionally, Sunshine 100 is accelerating property sales, tightening cost controls, and seeking cooperation with larger property development enterprises. Despite the challenging property market conditions, the company is making progress in extending borrowings and signing new contracts, although some negotiations remain ongoing.

Sunshine 100 China Holdings Reports Significant Loss in Interim Results

Sunshine 100 China Holdings Ltd announced its interim results for the six months ended 30 June 2025, reporting a revenue of RMB1,376.3 million and a gross profit of RMB6.2 million with a gross profit margin of 0.5%. The company faced a significant loss of RMB1,146.6 million during this period. The total assets stood at RMB39,376.6 million, with a total deficit attributable to equity shareholders amounting to RMB7,095.9 million. Contracted sales were RMB339.5 million, covering an area of 31,839 square meters. The board did not recommend an interim dividend for this period. These results indicate financial challenges for the company, impacting its market positioning and raising concerns for stakeholders.

Sunshine 100 China Holdings Announces Upcoming Board Meeting for Interim Results

Sunshine 100 China Holdings Ltd has announced that its board of directors will hold a meeting on August 28, 2025, to consider and approve the interim results for the six months ended June 30, 2025. This meeting is significant as it will determine the company’s financial performance and outlook, impacting stakeholders and market positioning.

Sunshine 100 China Faces Financial Challenges Amid Note Defaults

Sunshine 100 China Holdings Ltd has announced a supplemental update regarding its statutory demand, highlighting defaults on its issued senior notes. The company has faced legal proceedings due to its failure to repurchase certain notes, leading to claims from financial entities. Despite consent orders issued by the High Court, no payment timetable has been agreed, and the company’s financial liabilities remain unchanged, impacting its stakeholders and market position.