Fineland Real Estate Services Group Limited (HK:9978)
:9978
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Fineland Real Estate Services Group
(9978)
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Rating:46Neutral
Price Target:
HK$0.15
▲(45.00% Upside)
Action:Reiterated
Date:05/19/26
The score is held back mainly by weak financial performance (declining revenue, ongoing losses, and negative equity in 2025), partially offset by positive cash flow. Technicals are supportive due to strong momentum and a positive MACD, but overbought RSI increases near-term risk. Valuation support is limited because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Low nominal debt / limited refinancing risk
Very low reported debt gives the company durable financial flexibility versus highly leveraged peers. With limited scheduled liabilities, management can prioritize operational stabilization or asset rationalization without immediate refinancing pressure, a stabilizer during multiyear restructuring.
Negative Factors
Negative shareholders' equity and shrinking assets
The shift to negative equity and material asset contraction are structural red flags. They reduce financial resilience, limit ability to raise equity, increase creditor scrutiny, and constrain strategic options such as acquisitions or major capex, raising long-term solvency risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low nominal debt / limited refinancing risk
Very low reported debt gives the company durable financial flexibility versus highly leveraged peers. With limited scheduled liabilities, management can prioritize operational stabilization or asset rationalization without immediate refinancing pressure, a stabilizer during multiyear restructuring.
Read all positive factors
Fineland Real Estate Services Group (9978) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$56.00M
Dividend YieldN/A
Average Volume (3M)31.87K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth-4.91%
EPS Growth31.30%
CountryHK
Employees1,632
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.14
Shares Outstanding400,000,000
10 Day Avg. Volume17,600
30 Day Avg. Volume31,866
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-1.42
Price to Sales (P/S)0.09
P/FCF Ratio3.84
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
Fineland Real Estate Services Group Business Overview & Revenue Model
Company Description
Fineland Living Services Group Limited, through its subsidiaries, provides real estate agency and professional property management services in the People's Republic of China. Its real estate agency services consist of online and offline real estat...
How the Company Makes Money
null...
Fineland Real Estate Services Group Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
47
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 341.68M | 369.10M | 426.78M | 511.94M | 571.41M |
| Gross Profit | 52.56M | 59.27M | 87.03M | 102.27M | 138.61M |
| EBITDA | -39.09M | -78.22M | -56.90M | 33.96M | 36.47M |
| Net Income | -51.12M | -76.93M | -60.61M | 18.16M | 20.20M |
Balance Sheet | |||||
| Total Assets | 300.08M | 366.74M | 478.29M | 573.84M | 454.17M |
| Cash, Cash Equivalents and Short-Term Investments | 70.60M | 65.78M | 92.52M | 118.20M | 90.84M |
| Total Debt | 730.31K | 994.00K | 20.57M | 35.94M | 3.99M |
| Total Liabilities | 293.68M | 281.02M | 305.37M | 336.33M | 249.12M |
| Stockholders Equity | -20.50M | 34.05M | 112.77M | 173.24M | 158.84M |
Cash Flow | |||||
| Free Cash Flow | 7.58M | 9.78M | 88.00K | 15.78M | -21.92M |
| Operating Cash Flow | 7.94M | 11.97M | 4.82M | 17.06M | -17.83M |
| Investing Cash Flow | 1.47M | -8.82M | -11.15M | -20.39M | -23.08M |
| Financing Cash Flow | -5.50M | -26.51M | -23.36M | 30.81M | -7.20M |
Fineland Real Estate Services Group Technical Analysis
Positive
0.10
Price Trends
0.08
Positive
0.08
Positive
0.08
Positive
Market Momentum
0.02
Negative
75.03
Negative
56.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9978, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 75.03 is Negative, neither overbought nor oversold. The STOCH value of 56.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9978.
Fineland Real Estate Services Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$16.91B | 10.46 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$14.48B | 15.06 | 11.18% | 2.78% | 6.95% | 28.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | HK$14.38B | 5.47 | 74.40% | ― | 6.46% | -3.32% | |
52 Neutral | HK$2.91B | 30.35 | 10.94% | ― | 7.77% | -7.65% | |
46 Neutral | HK$56.00M | -0.57 | -1110.70% | ― | -4.91% | 31.30% |
* Real Estate Sector Average
HK:9978
Fineland Real Estate Services Group
0.14
0.09
159.26%
HK:1755
S-Enjoy Service Group Co., Ltd.
2.80
0.00
0.00%
HK:2270
Desun Real Estate Investment Services Group Co., Ltd.
4.69
3.31
239.86%
HK:2869
Greentown Service Group Co. Ltd.
4.56
0.61
15.44%
HK:6049
Poly Property Services Co., Ltd. Class H
30.30
0.41
1.37%
HK:6666
Evergrande Property Services Group Ltd.
1.31
0.59
81.94%
Fineland Real Estate Services Group Corporate Events
Fineland Living Services Sets 2026 AGM, Seeks Renewal of Share Issue Mandate
May 15, 2026
Fineland Living Services Group Limited has called its annual general meeting for 18 June 2026 in Guangzhou, where shareholders will review the audited consolidated financial statements and directors’ and auditors’ reports for the year ...
Fineland Living Services Moves to Modernise Governance Rules Ahead of 2026 AGM
May 11, 2026
Fineland Living Services Group Limited plans to overhaul its existing memorandum and articles of association by adopting a new amended and restated version to align with the latest Hong Kong listing and regulatory requirements. The move reflects t...
Fineland Living Services Corrects Chinese Results Disclosure, Flags Going-Concern Uncertainty
Apr 1, 2026
Fineland Living Services Group issued a clarification regarding clerical errors in the Chinese version of its 2025 annual results announcement, while confirming that the English version remains accurate. The corrected Chinese text discloses that s...
Fineland Living Services Narrows Annual Loss Despite Revenue Decline in 2025
Mar 27, 2026
Fineland Living Services Group Limited reported a decline in revenue to RMB350.8 million for 2025 from RMB369.1 million a year earlier, reflecting a challenging operating environment for its property-related services business. The group nonetheles...
Fineland Living Services Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 16, 2026
Fineland Living Services Group Limited has scheduled a board meeting for 27 March 2026 to review and approve its audited consolidated financial results for the year ended 31 December 2025. The board will also consider the corresponding results ann...
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
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.