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    Real estate development
Midea Real Estate Holding Limited

Midea Real Estate Holding Limited

0.25
EUR
+0.00
(+1.65%)
619.21MMarket Cap
Mar 19Next Earn
Midea Real Estate Holding Limited
FRA:MR9
(Frankfurt Stock Exchange)

Recent

price

0.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
7.04
10.16
15.01
28.9
34.49
42.65
59.94
57.28
2.02
2.61
2.89
- -
Revenue per Share
0.33
0.85
1.62
3.08
3.61
3.52
3.04
1.34
0.66
-1.44
0.39
- -
Basic EPS, GAAP
0.43
-4.89
-6.31
-16.16
0.26
-1.69
2.48
2.21
2.49
-1.69
0.66
- -
Free Cash Flow per Basic Share
0.22
- -
- -
- -
1.07
1.47
1.33
0.31
0.35
0.33
0.38
- -
Dividend per Share
1.08
1.92
8.63
13.57
15.97
17.93
19.05
18.34
17.63
3.41
3.42
3.42
Book Value per Share
1.08
1.92
8.62
13.54
15.85
17.81
18.9
18.13
17.45
3.27
3.33
3.33
Tangible Book Value per Share
1,180
1,180
1,180
1,042
1,193
1,231
1,230
1,285
1,381
1,429
1,435
156
Basic Weighted Avg Shares
8,313
11,992
17,717
30,120
41,139
52,484
73,703
73,631
2,794
3,726
4,149
- -
Sales/Revenue/Turnover
12.08
14.06
18.75
20.15
16.63
11.45
10.15
9.33
17.08
23.02
22.01
- -
Operating Margin (%)
49
58
51
68
208
207
180
153
133
123
86
- -
Depreciation Expense
391
1,007
1,912
3,210
4,305
4,326
3,744
1,726
914
-2,058
559
- -
Net Income, GAAP
53.47
42.42
47.52
50.63
48.37
36.26
39.18
48.07
18.24
29.07
32.32
- -
Effective Tax Rate (%)
4.7
8.4
10.79
10.66
10.47
8.24
5.08
2.34
32.7
-55.23
13.48
- -
Profit Margin (%)
5,603
16,792
35,711
47,565
58,998
58,648
51,699
48,020
37,372
420
38
38
Working Capital
6,048
17,939
29,184
32,908
45,715
46,562
41,129
34,864
25,879
766
178
178
LT Debt
1,410
3,094
12,165
23,584
31,138
40,219
47,810
50,314
50,119
5,081
5,036
5,036
Total Equity
- -
5.27
4.61
4.94
4.64
4.1
4.42
3.19
0.38
1.11
9.22
- -
Return on Invested Capital (%)
- -
5.07
5.31
5.07
5.38
4.13
2.15
-0.12
-0.23
-3.56
9.35
- -
Return on Capital (%)
- -
56.78
30.71
24.37
24.05
20.74
16.43
7.14
3.64
-13.63
11.41
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
67
19
607
LT Borrowings
587
- -
- -
LT Finance Leases
180
198
178
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,435
1,435
1,435
Market Capitalization
4,166
5,039
5,087

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
4,130
3,756
4,245
Cash, Cash Equivalents & STI
1,034
839
1,818
Accounts Receivable, Net
1,346
1,283
1,081
Inventories
790
879
804
Total Current Liabilities
3,710
4,141
4,207
Payables & Accruals
- -
- -
- -
ST Debt
67
19
607
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
50.06%
-13.41%
-0.9%
Free Cash Flow
-251.29%
-108.37%
-139.25%
Net Income, GAAP
-21.7%
-113.37%
-127.18%
Sales/Revenue/Turnover
21.5%
-2.24%
11.36%
Total Cash Common Dividend
- -
-10.33%
16.62%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,794
2024
- -
- -
3,726
2025
- -
- -
4,149

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.66
2024
- -
- -
-1.44
2025
- -
- -
0.39

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.35
2024
- -
- -
0.33
2025
- -
- -
0.38
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Business
Midea Real Estate Holding Limited (3990.HK) is an investment holding company principally engaged in providing property management services, asset operation, real estate technology services, and project management services in the People's Republic of China. Founded in 2004 and headquartered in Foshan, Guangdong Province, the company operates primarily in six core economic zones, including the Greater Bay Area, Yangtze River Delta, and Southwest region, targeting residential communities, industrial parks, commercial properties, medical facilities, and construction projects. Its core offerings encompass property management for residential and industrial properties with a contracted area exceeding 92 million square meters; asset operation through commercial complexes under the "Wonderful" brand, neighborhood commerce, long-term rental apartments, and industrial parks such as Shanghua Industrial Park and Foshan Ruichuang Center; real estate technology services including industrialization, digitalization, green transformation of construction, and smart space solutions; and project management services for construction oversight. In a major strategic shift completed on October 22, 2024, the company executed a distribution in specie of its property development and sales business (excluding certain commercial properties and industrial parks) via its subsidiary Midea Construction, substantially reducing interest-bearing debt and refocusing on light-asset operations across the real estate value chain. This restructuring, announced in June 2024, resulted in discontinued operations contributing to a core net loss for 2024 while continuing operations posted core net profit of RMB504 million on revenue of RMB3.73 billion, up 33% year-over-year, driven by asset operation growth of 92% to RMB987 million. In August 2024, it entered the 2024 Real Estate Technology Service Framework Agreement with Midea Construction Group, providing technology services post-disposal; by September 2025, annual caps were revised upward to RMB330 million for 2025 due to accelerated project timelines, with historical transactions reaching RMB62 million in late 2024 and RMB218 million through July 2025.