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

• Market Cap: HK$28.06M
• Dividend Yield: N/A
• Average Volume (3M): 38.28M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: -6.02%
• EPS Growth: -84.62%
• Country: HK
• Employees: 1,603
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Development
• EPS (TTM): -1.67
• Shares Outstanding: 2,550,811,500
• 10 Day Avg. Volume: 10,788,100
• 30 Day Avg. Volume: 38,281,662
• PEG Ratio: <0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.12
• 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

• Rating: 38 Underperform
• Price Target: HK$0.00 ▼(-100.00%Downside)

Sunshine 100 China Holdings Ltd. is facing severe financial distress, with poor financial performance across income, balance sheet, and cash flow statements. Technical analysis indicates strong bearish trends, and the stock is poorly valued with a negative P/E ratio. Without improvements, the stock remains highly risky.

Sunshine 100 China Holdings Ltd. Business Overview & Revenue Model

Company Description

Sunshine 100 China Holdings Ltd. is a Chinese real estate developer and operator, primarily engaged in the development and sale of residential and commercial properties. The company focuses on providing high-quality real estate solutions in emerging cities across China, with a strong emphasis on creating integrated lifestyle communities that incorporate residential, commercial, and leisure facilities.

How the Company Makes Money

Sunshine 100 China Holdings Ltd. generates revenue primarily through the development and sale of real estate properties, including both residential and commercial units. The company's revenue model is centered around acquiring land, developing properties, and then selling these properties to homebuyers and investors. In addition to property sales, the company also earns revenue from property management services, leasing of commercial properties, and operation of community amenities. Significant factors contributing to its earnings include strategic partnerships with local governments and other real estate developers, which help in acquiring prime land for development and enhancing project execution capabilities.

Sunshine 100 China Holdings Ltd. Financial Statement Overview

Summary

Sunshine 100 China Holdings Ltd. faces critical financial distress. The company has persistent negative net income, declining revenue, negative gross profit margin, and negative EBIT and EBITDA margins. The balance sheet shows insolvency with negative stockholders' equity and high total debt. Cash flow is alarmingly low, 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.02B	2.10B	2.36B	5.40B	5.76B
Gross Profit	-651.20M	395.11M	128.32M	-601.07M	1.32B
EBITDA	-1.05B	-806.05M	-1.86B	-2.58B	496.23M
Net Income	-5.59B	-2.99B	-3.16B	-3.67B	438.04M
Balance Sheet
Total Assets	46.10B	50.83B	52.38B	56.36B	61.28B
Cash, Cash Equivalents and Short-Term Investments	2.58B	1.03B	2.90B	4.10B	6.08B
Total Debt	27.06B	27.06B	26.88B	26.81B	26.77B
Total Liabilities	51.09B	50.02B	48.40B	49.02B	49.11B
Stockholders Equity	-6.01B	-419.94M	2.56B	5.75B	9.38B
Cash Flow
Free Cash Flow	-287.55M	392.21M	379.33M	275.57M	1.33B
Operating Cash Flow	-283.34M	394.27M	402.22M	312.96M	1.36B
Investing Cash Flow	575.07M	149.03M	-382.34M	728.78M	991.93M
Financing Cash Flow	-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: Positive
• 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 above 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 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.11 is Positive, 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 *	53 Neutral	$1.19B	3.25	-0.13%	8.51%	-1.86%	-126.37%
1862	40 Neutral	€15.39M	―		―	-20.10%	-68.68%
2608	38 Underperform	HK$28.06M	―		―	-6.02%	-84.62%
1246	29 Underperform	HK$28.52M	―		―	―	―

Sunshine 100 China Holdings Ltd. Corporate Events

Sunshine 100 China Holdings Ltd Passes All Resolutions at AGM

Sunshine 100 China Holdings Ltd announced the successful passing of all proposed resolutions at its Annual General Meeting held on June 26, 2025. The resolutions included the re-election of directors, the authorization of the board to fix directors’ remuneration, the re-appointment of auditors, and the granting of mandates related to share issuance and repurchase. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives effectively.

Sunshine 100 China Holdings Announces Change in Controlling Shareholder

Sunshine 100 China Holdings Ltd announced that Joywise Holdings Limited has ceased to be a controlling shareholder after Haitong International Securities Company Limited sold 521,153,000 shares, representing approximately 20.43% of the company’s issued share capital. This transaction was related to a facility agreement between the company and Haitong, and as a result, Joywise now holds approximately 22.09% of the company’s shares, losing its status as a controlling shareholder.

Sunshine 100 China Holdings Ltd Announces 2025 Annual General Meeting

Sunshine 100 China Holdings Ltd has announced its upcoming Annual General Meeting, scheduled for June 26, 2025, in Beijing. The meeting will address several key agenda items, including the review of the company’s financial statements for the year ending December 31, 2024, the re-election of directors, and the re-appointment of auditors. Additionally, resolutions will be considered to authorize the board to manage share allotments and other related powers, potentially impacting the company’s capital structure and governance.

Sunshine 100 China Holdings Ltd Updates Nomination Committee

Sunshine 100 China Holdings Ltd announced changes in its Nomination Committee effective from April 28, 2025. Mr. Li Chunping has been appointed as the new chairman, replacing Mr. Yi Xiaodi, while Ms. Fan Xiaohua joins as a member. These changes align with upcoming amendments to the Listing Rules and Corporate Governance Code, aiming to enhance the company’s governance practices and board diversity.

Sunshine 100 China Holdings Ltd Announces Board Composition

Sunshine 100 China Holdings Ltd has announced the composition of its board of directors, highlighting the roles and functions of its executive, non-executive, and independent non-executive directors. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the leadership and decision-making framework guiding the company’s operations.

Sunshine 100 China Holdings Ltd Forms Nomination Committee to Strengthen Governance

Sunshine 100 China Holdings Ltd has established a nomination committee as part of its corporate governance structure. The committee will consist of a majority of independent non-executive directors and will be responsible for overseeing the nomination process for board members. The initiative aims to enhance transparency and accountability within the company’s leadership, potentially impacting its market positioning and stakeholder confidence.

Sunshine 100 China Holdings Ltd Reports Increased Losses in 2024

Sunshine 100 China Holdings Ltd reported a challenging financial year ending December 31, 2024, with a revenue decrease of 4% to RMB2,018.8 million and a substantial increase in net losses by 82% to RMB5,798.0 million compared to 2023. The company faced significant financial setbacks due to gross losses on delivered properties, increased interest expenses, and impairment losses, which have impacted its market positioning and stakeholder confidence.

Sunshine 100 China Holdings Ltd Directors Involved in Forced Share Sale During Blackout Period

Sunshine 100 China Holdings Ltd has announced that its directors were deemed to have disposed of 1,723,000 shares, approximately 0.07% of the company’s issued share capital, during a blackout period due to a forced sale resulting from a default under margin facilities. Although the directors had no influence over the disposals, the company acknowledges that these actions occurred under exceptional circumstances as defined by the listing rules.