Sunshine 100 China Holdings Ltd. (HK:2608)
:2608
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Sunshine 100 China Holdings Ltd.
(2608)
Select Model
Select Model
Rating:39Underperform
Price Target:
HK$0.01
▲(0.00% Upside)
Action:ReiteratedDate:01/30/26
The score is driven primarily by very weak financial performance—loss-making operations, insolvency indicated by negative equity, and recent zero operating/free cash flow. Technical indicators do not show a clear recovery trend, and valuation metrics provide limited support given ongoing losses and no stated dividend yield.
Positive Factors
Integrated business model
End-to-end capabilities from land acquisition through development, sales and management create durable control of the value chain. This supports long-term margin capture, project sequencing flexibility and risk mitigation versus pure-play sales developers over a 2–6 month horizon and beyond.
Negative Factors
Negative shareholders' equity
Negative equity signals insolvency risk and materially weakens financial flexibility. It limits borrowing capacity, increases refinancing and covenant pressure, and raises the probability of restructuring or asset disposals unless capital or sustained profit restoration occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated business model
End-to-end capabilities from land acquisition through development, sales and management create durable control of the value chain. This supports long-term margin capture, project sequencing flexibility and risk mitigation versus pure-play sales developers over a 2–6 month horizon and beyond.
Read all positive factors
Sunshine 100 China Holdings Ltd. (2608) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$25.51M
Dividend YieldN/A
Average Volume (3M)6.30M
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue Growth-31.35%
EPS Growth-41.47%
CountryHK
Employees1,603
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.07
Shares Outstanding2,550,811,500
10 Day Avg. Volume15,029,900
30 Day Avg. Volume6,297,066
Financial Highlights & Ratios
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 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
Sunshine 100 China Holdings Ltd. Business Overview & Revenue Model
Company Description
Sunshine 100 China Holdings Ltd. (2608) is a prominent real estate developer based in China, primarily focused on the development and management of residential properties. The company operates in various sectors, including commercial real estate, ...
How the Company Makes Money
Sunshine 100 generates revenue primarily through the sale of residential and commercial properties. The company purchases land, develops real estate projects, and sells the completed units to consumers or investors, which constitutes a significant...
Sunshine 100 China Holdings Ltd. Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
15
Very Negative
| 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. Peers Comparison
UnderperformOutperform
Sector (65)
HK:2608
Sunshine 100 China Holdings Ltd.
0.01
0.00
0.00%
HK:1862
Jingrui Holdings Ltd.
0.02
>-0.01
-15.79%
HK:1246
Boill Healthcare Holdings Limited
0.02
0.00
0.00%
HK:6611
Sanxun Holdings Group Limited
0.05
0.00
0.00%
Sunshine 100 China Holdings Ltd. Corporate Events
Sunshine 100 China Discloses Historical Pay Details for Former CEO
Jan 12, 2026
Sunshine 100 China Holdings has issued a supplemental announcement disclosing detailed remuneration figures for former chief executive officer Lin Shaozhou for the financial years 2016, 2017 and the period up to his resignation in May 2018. The fi...
Sunshine 100 Steps Up Debt Extensions and Asset Sales to Address Going-Concern Warning
Dec 31, 2025
Sunshine 100 China Holdings has provided a quarterly update on measures aimed at addressing the auditor’s disclaimer of opinion on its 2024 financial statements related to going-concern uncertainties. As of 31 December 2025, the group has ex...
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
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