1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Midland Holdings Limited

Midland Holdings Limited

HHKEX:1200
1.70
HKD
-0.05
(-2.86%)
1.65BMarket Cap
Mar 30Next Earn
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
4.66
5.74
5.44
7.07
7.37
6.98
6.8
6.94
8.36
4.34
5.69
8.48
7.67
- -
Basic EPS, GAAP
-0.28
0.09
-0.14
0.01
0.27
0.08
-0.1
0.18
0.14
-0.74
-0.06
0.45
0.59
- -
Free Cash Flow per Basic Share
-0.34
0.44
-0.14
-0.13
0.29
-0.11
0.81
0.84
0.95
- -
0.73
0.89
0.74
- -
Dividend per Share
0.1
- -
- -
- -
- -
0.08
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.86
1.96
1.85
1.65
1.9
2.03
1.84
1.52
1.65
0.95
0.92
1.39
1.96
1.96
Tangible Book Value per Share
1.86
1.96
1.85
1.65
1.89
2.03
1.84
1.52
1.65
0.95
0.9
1.37
1.94
1.94
Basic Weighted Avg Shares
718
718
718
718
718
718
718
718
718
717
717
717
717
717
Sales/Revenue/Turnover
3,344
4,118
3,907
5,076
5,294
5,010
4,884
4,982
6,001
3,115
4,083
6,084
5,499
- -
Operating Margin (%)
-3.01
4.42
-0.2
2.33
4.54
1.84
-0.68
3.99
4.49
-17.39
-0.34
7.89
9.75
- -
Depreciation Expense
58
54
43
52
49
55
704
642
629
651
477
319
275
- -
Net Income, GAAP
-204
64
-99
11
193
58
-69
132
100
-534
-42
320
423
- -
Effective Tax Rate (%)
- -
34.6
- -
61.81
17.7
25.98
- -
12.11
30.41
- -
- -
13.64
14.96
- -
Profit Margin (%)
-6.1
1.55
-2.55
0.21
3.65
1.16
-1.41
2.65
1.67
-17.14
-1.03
5.26
7.69
- -
Working Capital
1,146
1,269
1,161
539
698
782
216
478
488
253
266
716
1,119
1,119
LT Debt
- -
- -
- -
- -
- -
- -
242
210
313
318
65
59
91
91
Total Equity
1,528
1,607
1,530
1,184
1,362
1,456
1,325
1,089
1,186
684
657
994
1,404
1,404
Return on Invested Capital (%)
- -
4.3
- -
1.03
10.67
2.36
- -
6.84
4.71
- -
- -
31.94
30.25
- -
Return on Capital (%)
- -
3.32
- -
0.63
12.91
4.11
- -
7.1
5.15
- -
- -
29.53
29.94
- -
Return on Common Equity (%)
-13.84
4.66
-7.28
0.84
15.2
4.13
-4.96
10.92
8.81
-57.1
-6.25
38.81
35.26
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
164
173
209
LT Borrowings
- -
- -
- -
LT Finance Leases
59
91
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
717
717
717
Market Capitalization
602
1,147
1,649

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
4,328
4,002
4,256
Cash, Cash Equivalents & STI
711
722
999
Accounts Receivable, Net
996
3,104
1,328
Inventories
- -
- -
- -
Total Current Liabilities
3,612
3,138
3,137
Payables & Accruals
- -
- -
- -
ST Debt
164
173
209
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.76%
11.02%
41.26%
Free Cash Flow
2,438.73%
5,133.76%
-16.51%
Net Income, GAAP
-53.78%
-316.25%
31.95%
Sales/Revenue/Turnover
7.12%
8.57%
-9.62%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4,083
2024
- -
- -
6,084
2025
- -
- -
5,499

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.06
2024
- -
- -
0.45
2025
- -
- -
0.59

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ching Yi Wong
Full Time Employees
4,781
Sector
Finance
Industry
Real estate development
Address
World-Wide House Hong Kong Hong Kong
IPO Date
Jun 8, 1995
Website
midlandholdings.com.hk
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Business
Midland Holdings Limited (1200.HK) is an investment holding company principally engaged in providing property agency services in Hong Kong, Macau, and Mainland China. The company offers residential property brokerage for buy-and-sell and rental transactions through its flagship subsidiary Midland Realty, which operates 317 branches employing approximately 4,650 persons as of December 2024; non-residential property agency services covering industrial, commercial, and shop properties; mortgage brokerage and referral services; immigration consultancy; surveying consultancy including valuation advisory, development studies, sales and marketing planning, tendering, and auctions; money lending; property investment; commercial property management; project planning; overseas property marketing and referral; and wealth management services. Founded in 1973 by Freddie Wong Kin-yip and listed on the Hong Kong Stock Exchange in 1995, Midland Holdings is headquartered at World-Wide House in Central, Hong Kong, with a strong presence in secondary and primary property markets serving major developers such as Sun Hung Kai Properties, CK Asset Holdings, Henderson Land, New World Development, and Sino Land. Targeting individual and corporate clients including homebuyers, investors, and developers across mass, mid-tier, and luxury segments, the group maintains a solid foothold in high-end areas like the Peak and popular estates such as Taikoo Shing and Whampoa Garden. In recent developments, Midland Holdings reported interim results for the six months ended June 30, 2025, with attributable profit of HK$151 million, down 13% year-on-year amid market challenges, while achieving industry-leading recognition as 144 estate agency shops received the Estate Agents Authority's CPD Mark for the fourth consecutive year in 2024, including 100 Silver CPD Marks; the company continues digital transformation efforts to enhance customer experience and maintains stable operations with no major acquisitions, partnerships, or reorganizations announced in 2024-2025.