Greentown Management Holdings Co., Ltd. (9979) AI Stock Analysis

• Market Cap: HK$5.69B
• Dividend Yield: 3.92%
• Average Volume (3M): 4.62M
• Price to Earnings (P/E): 6.5
• Beta (1Y): 0.87
• Revenue Growth: 2.33%
• EPS Growth: -19.62%
• Country: HK
• Employees: 2,377
• Sector: Real Estate
• Sector Strength: 73
• Industry: Real Estate - Services
• EPS (TTM): 0.44
• Shares Outstanding: 2,010,000,000
• 10 Day Avg. Volume: 4,332,508
• 30 Day Avg. Volume: 4,619,228
• PEG Ratio: 0.00
• Price to Book (P/B): 3.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 77.02
• 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: HK$3.67
• Price Target Upside: 30.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: HK$3.00 ▲(6.76%Upside)

Greentown Management Holdings shows strong financial performance with consistent revenue growth and a solid balance sheet, but operational cost pressures and cash flow fluctuations are noted. The valuation is attractive with a low P/E ratio and high dividend yield. Technical analysis presents a mixed picture, with limited immediate directionality. These factors collectively support a moderately positive stock outlook.

Positive Factors

Financial Performance

Improved operating cash flow amid accelerating local government bond issuances and recent property policies are leading to a narrower decline in property sales.

Market Position

The project management industry is gaining market share with advantages in operating leverage, industry value chain resources, and brand output capability despite increased competition.

Negative Factors

Leadership Changes

The stock price plunged 32% post-1H24 earnings, partly due to the uncertainty on strategy execution among investors following the resignation of former CEO Mr. Li Jun.

Greentown Management Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Greentown Management Holdings Company Limited, an investment holding company, provides project management services in the People's Republic of China. It operates through Commercial Project Management, Governmental Project Management, and Others segments. The company offers property development management services for commercial projects, and government on resettlement housing property development and public infrastructure projects. It also provides construction design and consulting services, as well as other services. The company was founded in 2010 and is headquartered in Hangzhou, the People's Republic of China. Greentown Management Holdings Company Limited is a subsidiary of Greentown China Holdings Limited.

How the Company Makes Money

Greentown Management Holdings Co., Ltd. primarily generates revenue through its project management services. The company operates on a fee-based model, where it charges clients for managing different phases of real estate and construction projects, from planning and design to execution and completion. Key revenue streams include management fees tied to project milestones and performance-based incentives. The company collaborates with a range of stakeholders, including developers, contractors, and government entities, to ensure successful project outcomes. Significant partnerships with local governments and real estate developers enhance its market presence and contribute to revenue growth.

Greentown Management Holdings Co., Ltd. Financial Statement Overview

Summary

Greentown Management Holdings Co., Ltd. demonstrates strong financial health with consistent revenue growth and a stable balance sheet. Despite this, recent concerns regarding operating cash flow slightly dampen its financial outlook.

Income Statement

The company has demonstrated a strong revenue growth trajectory, with a consistent increase in total revenue over the past years. Gross profit and net profit margins are also healthy, indicating efficient cost management. However, there is a slight decline in EBIT and EBITDA margins in the most recent year, suggesting increased operational costs.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio, indicating low financial leverage. The return on equity is strong, reflecting effective use of shareholders' capital. The equity ratio is high, showcasing a solid capital structure with a significant proportion of assets financed by equity.

Cash Flow

While the company has shown positive free cash flow generation, the lack of operating cash flow in the most recent year is a concern. The free cash flow to net income ratio is high in previous years, suggesting strong cash conversion from profits, but recent fluctuations may pose risks.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.44B	3.30B	2.66B	2.24B	1.81B
	Gross Profit
1.71B	1.72B	1.39B	1.04B	865.83M
	EBIT
1.01B	1.12B	1.00B	730.35M	524.58M
	EBITDA
1.11B	1.27B	1.01B	752.93M	549.89M
	Net Income Common Stockholders
801.13M	973.61M	744.54M	565.22M	439.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.52B	2.09B	2.01B	2.21B	2.40B
	Total Assets
6.78B	6.73B	6.16B	5.24B	4.75B
	Total Debt
10.45M	7.58M	17.01M	15.19M	17.39M
	Net Debt
-1.51B	-2.04B	-1.92B	-2.12B	-2.38B
	Total Liabilities
2.84B	2.60B	2.29B	1.87B	1.65B
	Stockholders Equity
3.81B	4.00B	3.74B	3.34B	3.08B
Cash Flow		Free Cash Flow
274.85M	930.57M	695.90M	544.95M	889.81M
	Operating Cash Flow
291.67M	955.08M	724.65M	565.66M	903.33M
	Investing Cash Flow
208.74M	-61.41M	-530.24M	-496.67M	-92.40M
	Financing Cash Flow
-1.00B	-766.01M	-400.40M	-322.19M	485.89M

Greentown Management Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.81
• 50DMA: Positive
• 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:9979, the sentiment is Negative. The current price of 2.81 is above the 20-day moving average (MA) of 2.81, above the 50-day MA of 2.74, and below the 200-day MA of 3.07, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 26.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9979.

Greentown Management Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9979	75 Outperform	HK$5.69B	6.52	20.55%	3.92%	2.33%	-19.62%
Sector *	61 Neutral	$2.83B	10.89	0.42%	9.23%	5.94%	-21.26%
1V0		€442.63M	―	-29.17%	2.52%	―	―
1755		HK$2.44B	4.88	15.76%	8.04%	―	―
2156	77 Outperform	HK$3.73B	10.22	18.58%	44.43%	-9.07%	-33.13%
3316	71 Outperform	HK$6.74B	11.38	36.29%	10.63%	25.93%	8.97%
6989	70 Outperform	HK$1.65B	4.87	8.56%	72.49%	5.84%	0.84%

Greentown Management Holdings Co., Ltd. Corporate Events

Greentown Management Passes All AGM Resolutions

Greentown Management Holdings Co., Ltd. announced the successful passing of all resolutions at their Annual General Meeting held on June 18, 2025. The resolutions included the approval of financial statements, the declaration of a final dividend, the re-election of directors, the re-appointment of auditors, and the granting of mandates to repurchase and issue shares. This outcome reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

The most recent analyst rating on (HK:9979) stock is a Hold with a HK$2.90 price target. To see the full list of analyst forecasts on Greentown Management Holdings Co., Ltd. stock, see the HK:9979 Stock Forecast page.

Greentown Management Holdings Announces Final Dividend for 2024

Greentown Management Holdings Co., Ltd. announced a final cash dividend of RMB 0.24 per share for the year ending December 31, 2024, which will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.093408. This announcement reflects the company’s financial health and commitment to providing returns to its shareholders, potentially enhancing its attractiveness to investors.

The most recent analyst rating on (HK:9979) stock is a Hold with a HK$2.90 price target. To see the full list of analyst forecasts on Greentown Management Holdings Co., Ltd. stock, see the HK:9979 Stock Forecast page.

Greentown Management Holdings Announces AGM and Key Resolutions

Greentown Management Holdings Co., Ltd. has announced its upcoming annual general meeting scheduled for June 18, 2025, in Hangzhou, China. The meeting will address several key resolutions, including the approval of the company’s audited financial statements for 2024, the declaration of a final dividend of RMB0.24 per share, the re-election of directors, and the reappointment of Ernst & Young as auditors. Additionally, the company seeks shareholder approval for mandates to repurchase shares and issue additional shares, which could impact its market operations and shareholder value.

The most recent analyst rating on (HK:9979) stock is a Hold with a HK$2.90 price target. To see the full list of analyst forecasts on Greentown Management Holdings Co., Ltd. stock, see the HK:9979 Stock Forecast page.

Greentown Management Appoints New Co-Chairman

Greentown Management Holdings Co., Ltd. has announced the appointment of Mr. Geng Zhongqiang as a non-executive director and co-chairman of the board, effective from April 25, 2025. Mr. Geng brings extensive experience in operation and management from his previous roles in various real estate and construction companies. His appointment is expected to strengthen the company’s leadership and potentially enhance its strategic positioning in the real estate market.

Greentown Management Holdings Announces Board Composition and Roles

Greentown Management Holdings Co., Ltd. announced the composition of its board of directors, detailing the roles and committee memberships of each member. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic direction and stakeholder engagement.

Greentown Management Announces Resignation of Co-Chairman

Greentown Management Holdings Co., Ltd. announced the resignation of Mr. Zhang Yadong from his roles as a non-executive director and co-chairman of the board, effective March 31, 2025, due to personal work arrangements. The board expressed gratitude for Mr. Zhang’s contributions, and he confirmed no disagreements with the board or matters requiring shareholder attention, indicating a smooth transition.

Greentown Management Reports 2024 Annual Results with Revenue Growth

Greentown Management Holdings Co., Ltd. announced its audited consolidated annual results for the year ending December 31, 2024, reporting a revenue increase of 4.2% to RMB 3.44 billion. Despite the revenue growth, the company experienced a 17.7% decline in net profit attributable to owners, amounting to RMB 801.1 million. The Board proposed a final dividend of RMB 0.24 per share, subject to shareholder approval. The company’s total gross floor area of contracted projects increased by 5%, reflecting ongoing expansion in project management services.

Greentown Management Announces Final Dividend for 2024

Greentown Management Holdings Co., Ltd. announced a final cash dividend of RMB 0.24 per share for the financial year ending December 31, 2024. This announcement reflects the company’s financial performance and commitment to returning value to shareholders, with the payment scheduled for July 18, 2025, following shareholder approval in June.