1. People's Republic of China Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
China Merchants Property Operation & Service Co., Ltd.

China Merchants Property Operation & Service Co., Ltd.

001914.SZ
China Merchants Property Operation & Service Co., Ltd.CN flagShenzhen Stock Exchange
8.45
CNY
-0.20
- -
8.90BMarket Cap
China Merchants Property Operation & Service Co., Ltd.
001914.SZ
(Shenzhen Stock Exchange)

Recent

price

8.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.88
5.56
6.28
9.33
9.33
8.27
9.49
8.84
9.98
8.68
8.16
9.99
12.28
14.74
16.2
18.21
17.41
Revenue per Share
0.4
0.78
0.62
0.7
0.74
0.6
0.24
0.23
1.28
0.41
0.41
0.48
0.56
0.69
0.79
0.62
0.83
Basic EPS, GAAP
-0.63
-1.54
-1.36
-2.23
-4.13
0.75
2.69
3.33
1.71
0.45
0.9
0.65
0.91
1.68
1.71
1.53
-0.02
Free Cash Flow per Basic Share
0.28
0.37
0.75
0.91
1.52
1.56
1.12
0.88
0.73
0.59
0.28
0.24
0.21
0.2
0.26
0.28
0.2
Dividend per Share
1.36
2.24
3.25
3.82
4.28
4.68
4.83
4.98
6.07
6.43
4.51
4.81
5.26
5.82
6.42
6.76
6.63
Book Value per Share
3.43
5.07
6.02
6.14
6.2
7.02
7.07
6.88
7.31
7.73
5.37
5.65
5.74
6.31
6.96
7.22
7.16
Tangible Book Value per Share
667
667
667
667
667
667
667
667
667
700
1,060
1,060
1,060
1,060
1,060
1,058
1,059
Basic Weighted Avg Shares
3,919
3,706
4,185
6,225
6,226
5,519
6,329
5,893
6,656
6,078
8,651
10,591
13,024
15,627
17,172
19,273
18,440
Sales/Revenue/Turnover
11.88
14.47
12.99
13.26
9.31
6.31
3.7
8.26
8.47
10.74
8.8
8.74
7.51
6.47
6.98
6.64
6.67
Operating Margin (%)
25
29
19
26
24
26
25
34
31
29
36
60
70
86
79
69
- -
Depreciation Expense
269
517
414
467
492
401
161
151
857
286
437
513
594
736
840
655
879
Net Income, GAAP
32.21
30.75
35.76
32.6
29.81
38.79
53.63
113.36
32.75
33.94
34.66
39.35
30.77
20.44
23.65
30.76
22.63
Effective Tax Rate (%)
6.87
13.96
9.9
7.5
7.91
7.27
2.55
2.56
12.87
4.71
5.06
4.84
4.56
4.71
4.89
3.4
4.77
Profit Margin (%)
1,970
2,132
2,419
4,545
4,510
2,617
2,886
1,489
1,763
1,776
-215
1,227
2,433
1,238
2,293
2,263
2,347
Working Capital
1,160
1,662
2,594
4,923
5,351
6,373
6,682
4,127
4,113
3,436
1,206
2,196
2,292
427
747
377
559
LT Debt
2,362
3,400
4,036
4,113
4,155
4,695
4,728
4,599
4,883
8,002
8,282
8,575
9,311
9,910
10,600
10,858
10,799
Total Equity
6.92
5.86
4.43
5.48
3.13
1.4
0.7
-0.49
3.47
3.88
4.22
4.92
5.85
6.72
7.74
7.7
8.1
Return on Invested Capital (%)
8.52
11.67
8.04
6.85
6.26
4.7
2.82
2.33
11.34
5.34
7.13
8.5
8.84
9.69
10.36
8.46
10.95
Return on Capital (%)
34.73
43.03
22.61
19.8
18.22
13.43
5.1
4.61
23.25
6.7
9.43
10.39
11.12
12.53
12.96
9.37
13.08
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
196
555
230
LT Borrowings
663
398
487
LT Finance Leases
84
85
72
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,060
1,060
1,060
Market Capitalization
11,210
12,628
13,105

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,304
9,303
9,457
Cash, Cash Equivalents & STI
4,670
3,223
3,275
Accounts Receivable, Net
2,193
3,680
3,753
Inventories
1,146
1,115
1,122
Total Current Liabilities
7,011
7,057
7,110
Payables & Accruals
- -
- -
- -
ST Debt
196
555
230
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.95%
5.59%
2.43%
Free Cash Flow
45.6%
17.7%
-10.43%
Net Income, GAAP
43.76%
9.81%
-22.12%
Sales/Revenue/Turnover
14.19%
17.5%
12.23%
Total Cash Common Dividend
-10.39%
1.38%
9.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,725
4,114
4,321
5,012
17,172
2025
4,465
4,642
5,332
- -
19,273
2026
4,770
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
- -
- -
- -
0.79
2025
0.21
- -
- -
- -
0.62
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
0.26
2025
0.01
- -
- -
- -
0.28
2026
- -
- -
- -
- -
- -
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Business
China Merchants Property Operation & Service Co., Ltd. (001914.SZ) provides comprehensive property management, asset management, and related services as a leading platform enterprise under China Merchants Group; it develops and manages real estate properties including residential communities, commercial complexes, government facilities, corporate headquarters, public properties, and high-end residential units; core offerings encompass facility management, equipment maintenance, customer integration services, housing renovation, real estate brokerage, housing loans, consulting, cleaning, security, landscaping, and smart property management systems. Founded in 1985 and headquartered in Shenzhen, China, the company operates primarily across mainland China, managing hundreds of projects in major cities and tier-2/3 markets with over 41,000 employees; it targets residential, commercial, industrial, and public sector clients, ranking among China's top property service enterprises with strong market recognition including top-3 comprehensive strength and leading satisfaction awards in 2024-2025. In December 2019, the company reorganized from its former name AVIC SUNDA Holding Company Limited to focus on property operations; it has pursued strategic expansions through acquisitions such as a regional firm for RMB 800 million in 2021 and ongoing investments in technology like RMB 500 million for smart systems in 2022 alongside green building and sustainability initiatives reducing carbon emissions; recent activities include accelerated share buybacks announced in April 2025 as part of China Merchants Group's efforts and continued growth in managed area exceeding 100 million square meters with diversified revenue from partnerships with real estate developers.