Greentown China Holdings (3900) AI Stock Analysis

• Market Cap: $21.89B
• Dividend Yield: 3.81%
• Average Volume (3M): 10.44M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.69
• Revenue Growth: -1.08%
• EPS Growth: -109.20%
• Country: HK
• Employees: 8,765
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.09
• Shares Outstanding: 2,539,598,600
• 10 Day Avg. Volume: 10,242,332
• 30 Day Avg. Volume: 10,444,293
• PEG Ratio: -0.29
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.14
• P/FCF Ratio: 0.77
• Enterprise Value/Market Cap: 9.13
• Enterprise Value/Revenue: 1.40
• Enterprise Value/Gross Profit: 10.93
• Enterprise Value/Ebitda: 19.70
• 1Y Price Target: $18.98
• Price Target Upside: 120.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$9.00 ▲(4.41% Upside)

Greentown China Holdings faces significant challenges with profitability and high leverage, as reflected in its financial performance score. The technical analysis indicates a bearish trend, further impacting the overall score. Valuation concerns are highlighted by a negative P/E ratio, although the dividend yield offers some compensation. The absence of earnings call and corporate events data limits additional insights.

Greentown China Holdings Business Overview & Revenue Model

Company Description

Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates through Property Development, Hotel Operations, Property Investment, and Project Management segments. The company develops and sells residential properties. It also offers investment and asset management; project management; technology research and development; and design and decoration services. In addition, the company operates hotels; and invests in and rents properties, as well as sells construction materials. As of December 31, 2021, its land bank comprised a total gross floor area of approximately 58.81 million square meters. Greentown China Holdings Limited was founded in 1995 and is headquartered in Hangzhou, the People's Republic of China.

How the Company Makes Money

Greentown China Holdings generates revenue primarily through the sale of residential and commercial properties. The company typically acquires land for development, constructs buildings, and then sells the completed properties to end-users or investors. In addition to property sales, Greentown earns income from its property management services, which include maintaining and operating residential and commercial properties. The company may also engage in joint ventures and partnerships with other developers or investors to share risks and resources, further enhancing its revenue potential. Significant factors contributing to its earnings include the demand for new housing in urban areas, government policies affecting real estate, and the overall economic conditions in China.

Greentown China Holdings Financial Statement Overview

Summary

Greentown China Holdings shows strong revenue growth and operational efficiency, but struggles with profitability and high leverage. The balance sheet reflects substantial debt, and recent cash flow data is missing, raising concerns about liquidity and cash management.

Income Statement

The company has shown consistent revenue growth, with a notable increase of 20.68% from 2023 to 2024. Gross profit margin improved slightly to 12.76%, indicating good cost control. However, net profit margin declined to 1.01%, reflecting decreased profitability. EBIT and EBITDA margins show slight growth, supporting operational efficiency.

Balance Sheet

The debt-to-equity ratio is high at 3.79, suggesting significant leverage, which could pose financial risk. However, the equity ratio of 7.15% indicates a low equity base relative to assets. Return on equity decreased to 4.39%, highlighting challenges in generating returns for shareholders.

Cash Flow

Operating cash flow was not available for the most recent period, indicating potential cash management issues. The absence of free cash flow data for 2024 prevents a complete assessment. In previous years, cash generation was positive, but the lack of recent data adds uncertainty.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	142.35B	158.55B	131.38B	127.15B	100.24B	65.78B
Gross Profit	18.28B	20.23B	17.07B	22.02B	18.17B	15.57B
EBITDA	10.14B	11.98B	13.42B	14.18B	15.29B	8.85B
Net Income	-238.57M	1.60B	3.12B	2.76B	4.47B	3.80B
Balance Sheet
Total Assets	518.11B	507.78B	535.54B	535.08B	521.04B	414.28B
Cash, Cash Equivalents and Short-Term Investments	62.46B	68.86B	69.80B	66.44B	68.45B	59.55B
Total Debt	143.53B	137.70B	146.72B	137.88B	124.30B	119.34B
Total Liabilities	398.79B	394.30B	421.60B	423.66B	413.40B	329.69B
Stockholders Equity	35.57B	36.33B	36.13B	37.55B	45.44B	52.84B
Cash Flow
Free Cash Flow	12.25B	28.47B	22.61B	14.20B	5.36B	-3.62B
Operating Cash Flow	12.45B	28.83B	22.97B	14.59B	5.86B	-3.10B
Investing Cash Flow	-1.50B	-14.42B	-19.11B	-20.87B	-30.72B	-11.89B
Financing Cash Flow	-13.10B	-15.17B	-423.13M	4.18B	33.82B	28.07B

Greentown China Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3900, the sentiment is Negative. The current price of 8.62 is below the 20-day moving average (MA) of 8.91, below the 50-day MA of 8.83, and below the 200-day MA of 9.78, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 43.58 is Neutral, neither overbought nor oversold. The STOCH value of 30.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3900.

Greentown China Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1908	72 Outperform	HK$36.11B	5.54	20.21%	7.44%	1.26%	-0.20%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3900	53 Neutral	$21.89B	-83.61	-0.67%	3.81%	-1.08%	-109.20%
0683	52 Neutral	$30.01B	47.50	0.61%	6.53%	76.12%	-72.44%
0754	49 Neutral	HK$11.61B	-4.32	-2.93%	―	-11.68%	-3002.05%
1030	46 Neutral	HK$14.85B	63.17	0.46%	―	-30.32%	―
0817	46 Neutral	HK$16.62B	32.20	1.20%	2.44%	-8.18%	―

Greentown China Holdings Corporate Events

Greentown China Reports Strong Sales Performance for 2025

Greentown China Holdings Limited announced its unaudited operating data for the eleven months ending November 2025, reporting a total sales area of approximately 10,820,000 square meters and contracted sales of around RMB223.5 billion. The company’s performance reflects strong sales in both self-investment and project management businesses, indicating a robust market position and potential positive implications for stakeholders.

Greentown China Reports Strong Sales Performance for 2025

Greentown China Holdings Limited reported unaudited operating data for the ten months ending October 2025, highlighting significant sales achievements. The company sold 2,587 units in October alone, with a total sales area of 360,000 sqm and monthly sales reaching RMB12.2 billion. Cumulatively, from January to October 2025, Greentown recorded a total contracted sales of RMB201.1 billion, indicating strong market performance. These figures underscore Greentown’s robust operational capabilities and market positioning, although the data is preliminary and subject to verification in future financial statements.

Greentown China Enters Project Management Agreement for Hangzhou Residential Development

Greentown China Holdings Limited announced a connected transaction involving its subsidiary, Greentown Real Estate Construction Management, which has entered into an agreement to provide project management services to Hangzhou Zhongyi Jiangchen Real Estate. This transaction, subject to specific reporting requirements under the Listing Rules, involves the development of a residential project in Qiantang District, Hangzhou City, with a construction area of approximately 90,711 sqm. The agreement highlights Greentown’s strategic partnerships and its role in managing large-scale residential projects, potentially enhancing its market position and operational scope.

Greentown China Reports Strong Sales Performance for 2025

Greentown China Holdings Limited reported unaudited operating data for the nine months ending September 30, 2025, revealing significant sales achievements. The company sold 1,966 units in September alone, with a sales area of 290,000 sqm and monthly sales reaching RMB12.8 billion. For the year to date, the total sales area was approximately 8,410,000 sqm, with contracted sales amounting to RMB178.5 billion. This performance underscores Greentown’s robust market presence and operational success in the real estate sector.