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Sundy Service Group Co. Ltd
(9608)
Sundy Service Group Co. Ltd (9608) vs. iShares MSCI Hong Kong ETF (EWH)
Sundy Service Group Co. Ltd Business Overview & Revenue Model
Sundy Service Group Co. Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.41M | 247.55M | 262.36M | 268.58M | 316.24M | 256.70M |
| Gross Profit | 66.39M | 57.43M | 44.92M | 58.06M | 114.54M | 77.86M |
| EBITDA | 25.00M | 17.53M | 26.36M | 45.98M | 82.69M | 49.49M |
| Net Income | 8.19M | 2.94M | 9.36M | 32.90M | 54.63M | 32.66M |
Balance Sheet | ||||||
| Total Assets | 555.86M | 549.59M | 562.36M | 529.98M | 488.06M | 281.16M |
| Cash, Cash Equivalents and Short-Term Investments | 191.77M | 181.04M | 224.38M | 109.29M | 319.27M | 192.19M |
| Total Debt | 0.00 | 0.00 | 122.00K | 418.00K | 208.00K | 1.13M |
| Total Liabilities | 155.95M | 156.42M | 169.81M | 181.98M | 178.06M | 163.89M |
| Stockholders Equity | 395.05M | 384.04M | 384.32M | 342.37M | 308.44M | 116.00M |
Cash Flow | ||||||
| Free Cash Flow | -4.61M | -69.60M | -21.09M | -74.09M | -8.02M | 52.24M |
| Operating Cash Flow | -43.95M | -69.00M | -19.52M | -45.30M | -6.57M | 54.99M |
| Investing Cash Flow | 87.53M | 99.03M | 31.93M | -164.39M | -4.21M | 1.13M |
| Financing Cash Flow | 0.00 | 0.00 | 31.54M | -189.00K | 137.18M | -1.47M |
Sundy Service Group Co. Ltd Technical Analysis
Sundy Service Group Co. Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$522.80M | 6.68 | 11.46% | ― | 5.01% | -31.83% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$305.02M | 7.16 | 3.28% | 6.60% | -14.43% | -77.55% | |
51 Neutral | HK$250.89M | -11.78 | -4.06% | 15.45% | 6.30% | -128.34% | |
45 Neutral | HK$230.40M | 26.09 | 2.06% | ― | 0.88% | -25.81% | |
44 Neutral | HK$407.65M | -1.25 | ― | ― | 19.34% | 18.13% | |
41 Neutral | HK$349.93M | -17.10 | -4.23% | ― | -32.80% | 57.37% |
Sundy Service Group Co. Ltd Corporate Events
Independent shareholders of Sundy Service Group Co. Ltd have unanimously approved, by poll at an extraordinary general meeting held on 6 January 2026, a Letter of Intent and a suite of new master property management agreements, including the New Master Property Management Agreement, the New Zhizhonghe Master Agreement and the New Yangguang Master Agreement, along with their respective transaction arrangements and annual caps. The passage of these resolutions, with 120 million votes cast entirely in favour and none against, authorises the company’s directors (excluding Ms. Yu Yun) to execute and implement the transactions and related documentation, reinforcing the company’s contractual framework for its property management operations and providing governance clarity for future business under these key agreements while major shareholder Sundy Heye abstained in accordance with listing rules.
The most recent analyst rating on (HK:9608) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Sundy Service Group Co. Ltd stock, see the HK:9608 Stock Forecast page.
Sundy Service Group Co. Ltd has terminated its New Subscription Agreement after the prospective subscriber failed to satisfy the agreed conditions precedent by the 31 December 2025 deadline, with both parties deciding not to proceed in light of prevailing market conditions. The company stated that all rights and obligations under the agreement have ceased without any further claims between the parties and emphasized that the termination is not expected to have a material adverse impact on its existing business, operations or financial position, while advising shareholders and potential investors to exercise caution when dealing in its shares.
The most recent analyst rating on (HK:9608) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Sundy Service Group Co. Ltd stock, see the HK:9608 Stock Forecast page.
Sundy Service Group Co. Ltd’s subsidiary Hangzhou Xingrun has subscribed to a principal-guaranteed structured deposit product worth RMB24.8 million from China Minsheng Bank, using the group’s internal idle funds to enhance treasury returns. The 90-day, gold-linked product, offering a floating annualized yield of 1.0%–1.92% and classified by the bank as low risk, is not expected to affect the group’s liquidity and qualifies as a discloseable transaction under Hong Kong listing rules, signaling a cautious but more yield-focused approach to managing surplus cash for the benefit of stakeholders.
Sundy Service Group Co. Ltd has announced an extraordinary general meeting to be held on January 6, 2026, in Hangzhou City, Zhejiang Province, China. The meeting will focus on approving a Letter of Intent and new property management agreements, which are expected to impact the company’s operations by authorizing directors to execute necessary documents and agreements related to these transactions.
Sundy Service Group Co. Ltd has announced a delay in the dispatch of a circular that was initially scheduled for release by December 10, 2025. This circular contains important details about new property management agreements and related transactions. The delay is due to the need for additional time to finalize the information, with the new dispatch date set for on or before December 17, 2025.
Sundy Service Group Co. Ltd has announced a supplemental update regarding its acquisition of a property and the renewal of continuing connected transactions for the years 2026 to 2028. The company clarified that no rental income or net profit was generated from the property in the two years prior to its acquisition. The new agreements involve leasing premises for hotel use, with annual caps set for right-of-use assets. These agreements are expected to impact the company’s financial reporting and operational strategy, with a focus on aligning with International Financial Reporting Standards.
Sundy Service Group Co. Ltd has announced a change in its principal place of business in Hong Kong, effective from November 10, 2025. The new address is Units 1801-08 & 1810, 18/F, Gloucester Tower, The Landmark, 15 Queen’s Road Central, Hong Kong. This move is part of the company’s strategic decisions to enhance its operational efficiency and presence in the Hong Kong market.
Sundy Service Group Co. Ltd announced a significant acquisition of property through its subsidiary, Hangzhou Hehong, from Greenland Holdings for RMB6,648,276. Additionally, the company has renewed several key agreements, including the Master Lease Agreement, Property Management Agreements, Master Service Agreement, and Master Purchase Agreement, to continue its connected transactions from 2026 to 2028. These strategic moves aim to solidify Sundy Service Group’s market position and ensure the continuity of its operations, impacting stakeholders by maintaining stable business relationships and service provisions.
Sundy Service Group Co. Ltd has entered into an agreement to acquire 50 parking lots located at the basement level of Sundy Building in Hangzhou for RMB10,586,700. This acquisition aligns with the company’s strategy to preserve capital and invest in premium operational assets, benefiting from high demand due to its prime location. The parking lots are expected to provide stable cash flows and additional revenue streams, enhancing the company’s overall profitability and value for shareholders.