1. People's Republic of China Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
Vantone Neo Development Group Co.,Ltd.

Vantone Neo Development Group Co.,Ltd.

600246.SS
Vantone Neo Development Group Co.,Ltd.CN flagShanghai Stock Exchange
16.91
CNY
+1.54
- -
32.86BMarket Cap
Vantone Neo Development Group Co.,Ltd.
600246.SS
(Shanghai Stock Exchange)

Recent

price

16.91

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
2.93
3.96
3.35
2.71
1.57
2.15
1.5
1.6
1.78
0.54
0.67
0.42
0.22
0.26
0.26
0.25
0.24
Revenue per Share
0.34
0.26
0.31
0.31
0.04
-0.5
0.07
0.17
0.16
0.29
0.03
0.09
-0.17
-0.21
-0.24
-0.35
-0.22
Basic EPS, GAAP
0.68
0.58
0.45
-0.45
-0.98
0.02
0.85
0.48
0.16
-0.17
0.6
0.03
0.22
0.04
0.01
0.07
- -
Free Cash Flow per Basic Share
0.34
0.39
0.32
0.51
0.53
0.51
0.29
0.11
0.13
0.12
0.13
0.06
0.06
0.05
0.05
0.04
0.04
Dividend per Share
1.72
1.8
1.98
2.12
2.09
1.58
1.84
1.56
1.68
1.89
1.88
2.01
1.9
1.71
1.43
1.03
1.38
Book Value per Share
2.98
3.1
3.31
3.46
3.14
2.62
4.39
3.27
3.52
3.87
3.66
3.79
3.3
3.14
2.91
2.15
2.92
Tangible Book Value per Share
1,217
1,217
1,217
1,217
1,215
1,217
1,562
2,054
2,045
2,054
2,019
1,954
1,894
1,871
1,872
1,881
1,876
Basic Weighted Avg Shares
3,568
4,818
4,071
3,299
1,912
2,619
2,336
3,295
3,645
1,103
1,362
813
422
487
495
463
447
Sales/Revenue/Turnover
17.83
22.51
14.98
15.67
4.49
10.78
9.15
18.89
14.62
0.72
17.19
-9.89
-47.67
-19.26
-20.47
-41.03
-16.49
Operating Margin (%)
33
32
32
30
31
30
27
76
93
131
129
140
144
152
173
169
- -
Depreciation Expense
414
311
375
381
45
-612
110
356
327
605
51
185
-323
-390
-457
-655
-406
Net Income, GAAP
27.58
41.8
30.98
26.34
29.03
- -
47.81
36.57
24.52
8
51.59
20.97
- -
- -
- -
- -
- -
Effective Tax Rate (%)
11.59
6.46
9.21
11.54
2.36
-23.38
4.72
10.81
8.98
54.84
3.73
22.73
-76.54
-80.08
-92.35
-141.35
-90.88
Profit Margin (%)
4,931
2,696
3,210
4,295
5,244
6,513
9,391
4,392
4,290
5,284
4,534
3,885
2,397
2,023
1,672
700
1,605
Working Capital
3,054
2,014
1,696
1,248
2,860
4,571
3,733
1,131
2,333
2,278
2,195
2,062
1,704
1,756
1,631
1,496
1,577
LT Debt
3,626
3,777
4,025
4,206
3,812
3,194
6,853
7,198
7,680
8,201
7,605
7,408
6,389
6,003
5,450
4,881
5,478
Total Equity
6.81
8.45
5.72
5.11
0.66
- -
1.02
3.46
3.52
0.07
1.06
-0.63
- -
- -
- -
- -
- -
Return on Invested Capital (%)
6.51
3.68
6.26
6.85
1.23
- -
3.26
6.7
5.68
11.17
1.38
4.4
- -
- -
- -
- -
- -
Return on Capital (%)
21.68
14.56
16.33
15.26
1.76
-27.4
4.6
11.71
9.86
16.54
1.32
4.79
-8.59
-11.47
-15.52
-28.38
-14.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
127
127
146
LT Borrowings
1,631
1,626
1,577
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,987
1,917
1,917
Market Capitalization
13,947
10,561
11,461

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,400
2,363
2,276
Cash, Cash Equivalents & STI
1,210
1,168
1,149
Accounts Receivable, Net
47
46
53
Inventories
606
550
531
Total Current Liabilities
728
693
671
Payables & Accruals
- -
- -
- -
ST Debt
127
127
146
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.37%
-8.41%
-10.43%
Free Cash Flow
576.96%
170.29%
380.78%
Net Income, GAAP
15.96%
13.94%
43.27%
Sales/Revenue/Turnover
-8.31%
-15.56%
-6.39%
Total Cash Common Dividend
-16.29%
-20.17%
-13.35%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
76
159
97
163
495
2025
115
72
146
- -
463
2026
106
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
- -
- -
- -
-0.24
2025
-0.02
- -
- -
- -
-0.35
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.05
2025
0.01
- -
- -
- -
0.04
2026
0.01
- -
- -
- -
- -
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Business
Vantone Neo Development Group Co., Ltd. is a China-based real estate developer and operator founded in 1998 and headquartered in Beijing. The company primarily engages in the development, sales, leasing, and management of real estate properties including residential buildings, office towers, hotel apartments, and retail spaces. Its business segments encompass real estate development and sales; urban operation, which involves leasing and managing commercial properties such as Grade A office buildings and supporting commercial facilities; and a communication and digital technology segment focused on supplying optical communication components and chip R&D. The company also provides housing renovation, housing loans, real estate brokerage, and property management services. Vantone Neo operates predominantly within the domestic Chinese market. In recent major developments, Vantone Neo Development Group executed a significant strategic acquisition by completing the purchase of a 62.98% stake in Beijing Sudo Information Technology Co., Ltd., a chip manufacturer specializing in PCIe high-speed switching chips for AI computing applications, for approximately CNY 860 million in 2025. This move marked an effort to diversify beyond its traditional property business into technology sectors, despite both companies experiencing operational losses. Earlier in 2024, Vantone announced acquisition plans for a 51% stake in Source Photonics Holdings to further expand its technology-related portfolio. The company has faced challenges including consecutive years of losses linked to the real estate market downturn but continues to maintain its focus on real estate development and operation while exploring cross-industry expansion into communications and digital technology. Leadership changes and governance adjustments have also been part of its recent operational dynamics. Vantone Neo's core products and services include diverse real estate offerings such as residential and commercial property development, property leasing and asset management, real estate finance, and ancillary housing services. Its latest strategic shifts reflect a dual focus: continuing its legacy real estate operations and pursuing technology-driven growth through acquisitions in the chip manufacturing and optical communication sectors, signaling a strategic reorientation amid challenges in China's property market. The company remains a notable player in China's real estate market with expanded interests bridging real estate and technology sectors, headquartered in Beijing and serving primarily the Chinese domestic market.