1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Z Fin Limited

Z Fin Limited

HHKEX:1168
4.91
HKD
-0.09
(-1.90%)
1.30BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.58
1.37
1.53
1.51
1.81
2.4
2.04
1.88
1.51
1.19
1.13
1.09
1.53
- -
Basic EPS, GAAP
-0.34
0.13
-1.86
-1.12
0.5
-1.22
-1.44
-2.21
0.67
-0.45
-0.87
12.45
-2.97
- -
Free Cash Flow per Basic Share
0.53
-1.91
-1.54
0.54
-3.99
1.66
1.66
1.35
0.01
-0.05
0.51
0.21
0.29
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
34.32
34.34
31.29
28.63
43.73
31.55
29.91
32.3
24.52
20.97
19.52
30.97
23.68
22.81
Tangible Book Value per Share
33.99
34.02
31
28.36
43.44
31.28
29.91
32.3
24.52
20.97
19.52
30.97
23.68
22.81
Basic Weighted Avg Shares
220
220
220
220
220
220
220
205
286
319
319
319
370
433
Sales/Revenue/Turnover
349
301
336
332
398
528
449
385
432
380
361
346
566
- -
Operating Margin (%)
35.3
17.65
-5.2
12.29
19.88
25.64
27.27
29.48
31.07
23.52
25.74
23.22
24.8
- -
Depreciation Expense
9
29
74
75
78
53
56
34
33
26
23
21
25
- -
Net Income, GAAP
-75
28
-409
-246
110
-268
-317
-453
191
-142
-278
3,969
-1,100
- -
Effective Tax Rate (%)
128.38
49.49
- -
- -
31.41
- -
- -
- -
31.14
- -
- -
1.98
- -
- -
Profit Margin (%)
-21.6
9.21
-121.88
-73.98
27.64
-50.66
-70.52
-117.84
44.12
-37.44
-77.12
1,145.92
-194.37
- -
Working Capital
3,549
3,582
3,306
3,067
2,768
3,067
2,380
2,161
818
-121
-149
2,904
3,227
3,068
LT Debt
241
199
96
57
25
686
697
2
- -
7
6
1,736
1,901
1,827
Total Equity
8,623
8,658
7,935
7,310
11,457
8,288
7,886
8,673
9,357
8,041
7,482
10,776
11,226
10,795
Return on Invested Capital (%)
-0.65
1.16
- -
- -
-0.03
- -
- -
- -
2.95
- -
- -
35.64
- -
- -
Return on Capital (%)
-1.5
0.02
- -
- -
0.81
- -
- -
- -
1.51
- -
- -
35.37
- -
- -
Return on Common Equity (%)
-1
0.37
-5.67
-3.72
1.38
-3.23
-4.68
-6.62
2.56
-1.96
-4.31
49.33
-10.89
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
3,174
322
330
LT Borrowings
2,093
1,899
1,826
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
319
436
436
Market Capitalization
1,890
2,173
1,300

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
8,591
5,350
5,426
Cash, Cash Equivalents & STI
1,854
1,812
1,969
Accounts Receivable, Net
138
151
70
Inventories
3,044
3,097
3,045
Total Current Liabilities
5,725
2,123
2,358
Payables & Accruals
- -
- -
- -
ST Debt
3,174
322
330
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.14%
7.02%
4.18%
Free Cash Flow
-287.12%
-346.14%
62.51%
Net Income, GAAP
-234.21%
-375.08%
-127.72%
Sales/Revenue/Turnover
7.68%
10.94%
63.43%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
346
2025
- -
- -
566
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
12.45
2025
- -
- -
-2.97
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yui Man Tang
Full Time Employees
695
Sector
Finance
Industry
Real estate development
Address
Infinitus Plaza Hong Kong Hong Kong
IPO Date
Sep 24, 2010
Website
zfin.com
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Business
Sinolink Worldwide Holdings Limited (SNLKF), an investment holding company incorporated in Bermuda in 1992 and headquartered in Central, Hong Kong, engages primarily in financial technology investment and management; property development, including residential properties and completed properties held for sale; property investment through leasing of retail, office, and car parking spaces; property management services; and financing services encompassing finance leasing, loan financing, business factoring, administrative support, insurance services, and multiple consultancy offerings in information, multimedia, and communication technologies; as well as other operations such as hotel management and project management services. The company operates principally in the People's Republic of China, with key projects including the RockBund Project in Shanghai's Huangpu District and properties in Shenzhen such as Sinolink Tower and Sinolink Garden Phase Five. It maintains investments in entities like ZhongAn Online P&C Insurance Co., Ltd. and ZhongAn Technologies International Group Limited, alongside equity instruments and unlisted funds. In recent developments, Sinolink SH, a wholly owned subsidiary, acquired all Series A shares in Rockefeller Group Asia Pacific, Inc. from Rock-Shanghai, Inc. on December 20, 2024 for US$2 million, making RGAP an indirect wholly owned subsidiary and enabling full consolidation of the RockBund Project's rental income from commercial and office portions; the company changed its name to Z Fin Limited in August 2025 following shareholder approval and share consolidation effective May 27, 2025 on a 20:1 basis; implemented a capital reorganisation in July 2024 involving reduction, diminution, and increase of authorised share capital; drew down a new RMB1.95 billion syndicated loan in June 2025 to refinance an existing facility; and reported interim revenue growth of 60.9% to HK$289.3 million for the six months ended June 30, 2025, driven by rental income and property management fees, despite a net loss attributable to owners of HK$507.1 million influenced by fair value losses on convertible bonds.