Times Neighborhood Holdings Ltd. (9928) AI Stock Analysis

• Market Cap: HK$530.45M
• Dividend Yield: 7.09%
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 17.7
• Beta (1Y): 0.83
• Revenue Growth: 1.97%
• EPS Growth: -67.03%
• Country: HK
• Employees: 4,673
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.07
• Shares Outstanding: 985,672,700
• 10 Day Avg. Volume: 2,159,636
• 30 Day Avg. Volume: 1,531,598
• PEG Ratio: -0.84
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 2.32
• 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: 65 Neutral
• Price Target: HK$0.50 ▼(-9.09% Downside)

The overall stock score is primarily influenced by the company's mixed financial performance, with strong balance sheet metrics but declining revenue and profitability. Technical analysis indicates a neutral trend, while the valuation is supported by a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data limits additional insights.

Times Neighborhood Holdings Ltd. Business Overview & Revenue Model

Company Description

Times Neighborhood Holdings Limited provides property management and other relevant services primarily to property developers, property owners and residents, and governmental authorities in the People's Republic of China. The company offers property management services for residential and non-residential properties. The company also provides value-added services to non-property owners comprising sales assistance; construction site services, including consultancy and security services; housing agency services for residences, shops, and parking spaces; pre-delivery cleaning services; and urban redevelopment project services. In addition, it offers community value-added services, including public space leasing and parking space management; and resident services, such as bag check, home renovation, asset management, community group buying, and housekeeping services. Further, the company provides sale, installation, repair, and maintenance services for elevators; and intelligent engineering and municipal sanitation services. The company was founded in 1998 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

Times Neighborhood Holdings Ltd. generates revenue through its property management services. The primary revenue streams include fees from residential and commercial property management contracts, which involve maintaining and managing various properties on behalf of property owners. Additionally, the company earns income from providing value-added services, such as community living services, which include housekeeping, maintenance, and security, as well as property agent services like leasing and sales assistance. Strategic partnerships with real estate developers and property owners also contribute to its earnings, allowing the company to expand its service offerings and client base.

Times Neighborhood Holdings Ltd. Financial Statement Overview

Summary

The company's financial performance is mixed. The income statement shows declining revenue and profitability, with a slight improvement in net income in 2024. The balance sheet is strong with low leverage, but cash flow inconsistencies raise concerns about operational efficiency.

Income Statement

The company's revenue and profitability metrics have declined over the years, with a notable drop in revenue from 2021 to 2024. The gross profit margin has decreased, indicating potential cost management issues or increased competition. Net profit margin has been poor, with negative net income in recent years, signifying challenges in achieving profitability. However, there's a slight improvement in net income in 2024, which could indicate a potential turnaround.

Balance Sheet

The company maintains a strong equity position with a consistently high equity ratio, reflecting financial stability. The debt-to-equity ratio is low, indicating conservative leverage and minimal dependence on debt financing. However, a declining total assets trend could be a concern for future growth and investment capabilities.

Cash Flow

The cash flow situation is mixed, with fluctuating free cash flow and operating cash flow over the years. The free cash flow has shown inconsistency, raising concerns about cash generation efficiency. The lack of significant positive operating cash flow in 2024 points to potential operational inefficiencies or challenges in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.45B	2.39B	2.47B	2.61B	2.72B	1.76B
Gross Profit	480.98M	487.78M	515.71M	555.89M	742.06M	531.05M
EBITDA	118.27M	101.73M	-93.97M	-171.48M	482.38M	319.91M
Net Income	27.79M	4.70M	-201.76M	-213.63M	308.00M	232.61M
Balance Sheet
Total Assets	2.60B	2.59B	2.60B	2.93B	3.27B	2.65B
Cash, Cash Equivalents and Short-Term Investments	1.05B	1.07B	941.37M	810.36M	814.33M	1.12B
Total Debt	8.51M	10.12M	8.64M	14.21M	22.33M	22.35M
Total Liabilities	1.13B	1.15B	1.14B	1.24B	1.34B	887.25M
Stockholders Equity	1.40B	1.33B	1.35B	1.57B	1.82B	1.72B
Cash Flow
Free Cash Flow	135.59M	173.09M	123.36M	61.92M	33.43M	68.78M
Operating Cash Flow	140.48M	193.43M	138.26M	73.18M	54.68M	87.41M
Investing Cash Flow	248.32M	-7.41M	4.32M	-19.41M	-176.40M	-632.30M
Financing Cash Flow	-29.69M	-33.02M	-33.75M	-58.67M	-101.92M	646.91M

Times Neighborhood Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9928, the sentiment is Positive. The current price of 0.55 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.55, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.26 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9928.

Times Neighborhood Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2376	―	HK$406.69M	9.54	7.09%	3.82%	-3.62%	26.66%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9928	―	HK$530.45M	17.67	1.96%	7.09%	1.97%	-67.03%
3662	―	HK$326.81M	7.67	3.28%	6.38%	-14.43%	-77.55%
2215	―	HK$468.12M	13.71	4.11%	―	-7.17%	-22.01%
2107	―	HK$312.09M	―	-4.06%	13.33%	6.30%	-128.34%
0021	―	HK$389.57M	28.14	-4.27%	―	1303.01%	-45.00%

Times Neighborhood Holdings Ltd. Corporate Events

Times Neighborhood Holdings Invests in Wealth Management Products

Times Neighborhood Holdings Limited, through its wholly-owned subsidiary Shidai Xinhui, has engaged in the subscription of two wealth management products with a total investment of RMB40,000,000. These investments were made using surplus cash reserves and involved partnerships with GF Securities as the investment advisor, SDIC Taikang Trust, and Chasing Trust as trustees. The transactions are classified as discloseable under Hong Kong’s Listing Rules, indicating a strategic move to optimize cash reserves and potentially enhance returns, while adhering to regulatory compliance.

The most recent analyst rating on (HK:9928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Times Neighborhood Holdings Ltd. stock, see the HK:9928 Stock Forecast page.

Times Neighborhood Holdings Reports Revenue Growth but Withholds Interim Dividend

Times Neighborhood Holdings Limited reported a revenue of approximately RMB1,216.3 million for the first half of 2025, marking a 5.6% increase from the previous year. The company’s net profit reached RMB60.9 million, with a core net profit of RMB108.7 million, reflecting a 6.3% year-on-year growth. Despite these positive financial results, the Board decided not to recommend an interim dividend for the period. This decision, alongside the financial performance, indicates a strategic focus on reinvestment or other operational priorities, potentially impacting stakeholder expectations.

The most recent analyst rating on (HK:9928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Times Neighborhood Holdings Ltd. stock, see the HK:9928 Stock Forecast page.

Times Neighborhood Holdings Schedules Board Meeting for Interim Results

Times Neighborhood Holdings Limited has announced a board meeting scheduled for August 28, 2025, to discuss and approve the interim results for the first half of 2025. The meeting will also consider the potential payment of an interim dividend, which could impact the company’s financial distribution to stakeholders.