Greentown China Holdings Ltd.
0.60
EUR
-0.03
(-5.51%)
ISIN
KYG4100M1050
CUSIP
G4100M105
Return %
Stock
S&P 500
1Y
-38.14
14.20
3Y
-35.83
81.12
5Y
-55.88
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Hui Zhao
- Full Time Employees
- 8,734
- Sector
- Finance
- Industry
- Real estate development
- Address
- No. 1 Hangda Road Hangzhou ZH China 310007
- IPO Date
- Jul 13, 2006
- Website
- chinagreentown.com
- Similar Companies
- Business
- Greentown China Holdings Limited Greentown China Holdings Limited (3900.HK), an investment holding company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, engages primarily in the development and sale of premium residential properties in the People's Republic of China. The company operates through five key segments: property development, which focuses on constructing and selling high-quality residential projects including town developments and urban renewal initiatives; hotel operations, encompassing the management and operation of hotels and clubs; property investment, involving the ownership and leasing of investment properties; project management, providing contract construction and asset-light services through its subsidiary Greentown Management Holdings Company Limited (09979.HK), which was spun off and listed separately in July 2020; and other segments such as the sale of construction materials, design and decoration services, technology research and development, investment and asset management, education projects, and the "Greentown+" industry chain ecosystem that nurtures real estate-related businesses to empower its core operations. Greentown China emphasizes product innovation, aesthetic architecture, sustainability, and customer-oriented offerings like "Good Houses" featuring gorgeous design, virtuous quality, smart technology, low-carbon features, full-cycle services, and healthy living environments; it targets premium housing markets in first- and second-tier cities as well as select high-quality third- and fourth-tier cities, with a land bank exceeding 13 million square meters strategically located in high-demand areas and over 200 completed projects totaling more than 40 million square meters of gross floor area. Founded in Hangzhou, Zhejiang Province in January 1995 and headquartered there, the company maintains a robust presence across more than 20 cities in China, supported by approximately 8,765 employees, a superior organizational structure, and major shareholders including China Communications Construction Group (CCCG) as its single largest shareholder with approximately 28.94% ownership as of March 2025. In recent developments, Greentown China reported strong 2024 financial performance with revenue of RMB158.5 billion, up 20.7% year-on-year, total contracted sales of RMB276.8 billion ranking third industry-wide, and self-investment project sales of RMB171.8 billion ranking sixth; it added 42 new projects with 4.18 million square meters of gross floor area and RMB108.8 billion in estimated saleable value, 92% in first- and second-tier cities; strengthened its balance sheet with RMB73.0 billion in cash, a net gearing ratio reduced to 56.6%, and weighted average borrowing costs lowered to 3.9%; repaid USD48 million bilateral loan and USD153 million senior notes in July 2025; appointed Liu Chengyun, Deputy General Manager of China Communications Construction, as new Chairman in March 2025 amid leadership changes; and continued strategic land acquisitions worth approximately RMB12 billion while advancing green building certifications, smart technologies, and community programs aligned with its "quality first" strategy and mission for sustainable urban development.