Company DescriptionTimes China Holdings Limited, an investment holding company, operates as a property developer in the People's Republic of China. The company operates through Property Development, Urban Redevelopment Business, and Property Leasing segments. The Property Development segment develops and sells residential and commercial properties. The Urban Redevelopment Business segment is involved in the sale of land held for development and other related activities. The Property Leasing segment engages in the development, leasing, and sub-leasing of commercial properties owned by the company or independent third parties. The company also provides money lending and consulting management services. As of 31 December 2021, it had total land reserves of approximately 19.9 million sq.m. The company was formerly known as Times Property (Holdings) Co., Limited and changed its name to Times China Holdings Limited in February 2018. Times China Holdings Limited was founded in 1999 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

Times China Holdings Financial Statement Overview

Summary

Times China Holdings is facing severe financial difficulties marked by declining revenues, negative profitability, and deteriorating balance sheet strength. The company's negative equity and poor cash flow generation underscore the challenges in maintaining financial stability and operational viability.

Income Statement

Very Negative

The income statement reflects a significant decline in revenue and profitability. The company experienced steep declines in total revenue from 2021 to 2024, leading to negative gross and net profit margins in 2024. The EBIT and EBITDA margins have also turned negative, indicating substantial operational challenges.

Balance Sheet

Very Negative

The balance sheet shows a troubling financial position with negative stockholders' equity in 2024, driven by accumulated losses. The debt-to-equity ratio is not meaningful due to negative equity, indicating potential solvency issues. The company’s liabilities exceed its assets, highlighting financial instability.

Cash Flow

Very Negative

The cash flow statement highlights significant cash flow challenges. Operating cash flow fell to zero in 2024, and free cash flow also plummeted, reflecting poor cash generation from operations. The company's inability to generate positive free cash flow is concerning for its liquidity management.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
13.11B	21.01B	24.42B	43.64B	38.58B
	Gross Profit
-7.23B	161.62M	3.36B	12.05B	11.10B
	EBIT
-8.02B	-914.93M	-7.96B	9.90B	9.70B
	EBITDA
-9.88B	-2.47B	-7.62B	10.12B	10.51B
	Net Income Common Stockholders
-16.61B	-4.51B	-9.62B	4.75B	4.94B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
840.48M	1.73B	2.74B	14.72B	33.53B
	Total Assets
88.54B	121.11B	149.93B	198.39B	191.50B
	Total Debt
51.66B	49.96B	50.28B	56.63B	64.80B
	Net Debt
50.82B	48.23B	47.54B	41.92B	31.26B
	Total Liabilities
96.41B	110.45B	130.02B	155.74B	155.62B
	Stockholders Equity
-16.42B	633.38M	5.75B	19.26B	18.78B
Cash Flow		Free Cash Flow
0.00	4.22B	-546.33M	78.90M	1.14B
	Operating Cash Flow
0.00	4.25B	-510.64M	128.97M	1.31B
	Investing Cash Flow
0.00	56.45M	1.57B	-22.32B	-7.75B
	Financing Cash Flow
0.00	-5.31B	-13.05B	3.41B	14.30B

Times China Holdings Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TMPPF		$49.81M	―	-3320.67%	―	―	―
Sector *	61 Neutral	$2.83B	10.92	0.41%	8438.90%	5.75%	-21.03%
MKU0		€37.88M	―	-280.53%	―	―	―
3ZH		€40.24M	―	-42.12%	―	―	―
FT7		€45.17M	―		―	―	―
1628	20 Underperform	HK$379.06M	―		―	-55.88%	-10.72%
3301	20 Underperform	HK$358.57M	―	-465.56%	―	-33.54%	-100.40%

* Real Estate Sector Average

Performance Comparison

TMPPF

Times China Holdings

0.05

-0.02

-28.57%

DE:MKU0

Peking University Resources Holdings Co. Ltd.

0.01

-0.04

-80.00%

DE:3ZH

Zhongliang Holdings Group Company Limited

0.02

0.01

100.00%

DE:FT7

Fantasia Holdings Group Co. Ltd.

0.01

0.00

0.00%

HK:1628

Yuzhou Group Holdings Co., Ltd.

0.06

-0.05

-45.45%

HK:3301

Ronshine China Holdings Ltd.

0.21

0.05

31.25%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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