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

• Market Cap: HK$33.16M
• Dividend Yield: N/A
• Average Volume (3M): 6.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.98
• Revenue Growth: -6.02%
• EPS Growth: -84.62%
• Country: HK
• Employees: 1,603
• Sector: Real Estate
• Sector Strength: 48
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 2,550,811,500
• 10 Day Avg. Volume: 4,191,500
• 30 Day Avg. Volume: 6,427,666
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Sunshine 100 China Holdings Ltd. is facing severe financial challenges, with insolvency and liquidity issues being the most significant concerns. Technical indicators provide some short-term stability but do not offset the long-term financial risks. The negative valuation metrics further highlight the company's struggles, resulting in a low overall stock score.

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. 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: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.08 is Neutral, neither overbought nor oversold. The STOCH value of -88.89 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	$1.21B	2.63	-5.63%	5.88%	-2.36%	-88.31%
2608	45 Neutral	HK$33.16M	―		―	-6.02%	-84.62%
9JW	―	€3.04M	―		―	―	―
1246	29 Underperform	HK$28.52M	―		―	―	―
6611	―	HK$31.07M	―	-19.56%	―	―	―
6900	―	HK$26.95M	―		―	―	―

Sunshine 100 China Holdings Ltd. Corporate Events

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.

Sunshine 100 China Faces Statutory Demand for Debt Repayment

Sunshine 100 China Holdings Ltd has received a statutory demand from HTI Financial Solutions Limited and Haitong International Financial Products Limited, demanding repayment of approximately US$205 million and HK$450,000. The demand stems from a consent judgment, a Tomlin order, and accrued interest under a notes purchase agreement. The company is seeking legal advice and exploring debt restructuring arrangements to safeguard shareholder interests.

Sunshine 100 China Holdings Ltd Implements Strategic Measures Amid Financial Concerns

Sunshine 100 China Holdings Ltd has announced a series of strategic measures to address a disclaimer of opinion expressed by its auditors regarding the company’s financial statements for the year ending December 31, 2024. These measures include negotiating with creditors for debt restructuring, accelerating property sales, and tightening cost controls. Despite ongoing negotiations and some progress in extending borrowings and signing new property sale contracts, the company acknowledges that the current property market conditions and tightened monetary policies may require additional time for effective negotiations and project disposals.

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.