Chinese Estates Holdings Ltd.

Chinese Estates Holdings Ltd.

HHKEX:127
0.99
HKD
+0.02
(+1.54%)
2.35BMarket 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
3.38
1.38
0.81
1.96
0.8
0.44
0.69
1.59
0.68
0.75
0.25
0.18
0.16
- -
Basic EPS, GAAP
3.31
4.58
4.05
3.33
1.94
0.53
0.41
0.33
-1.84
0.6
0.04
-1.11
-0.2
- -
Free Cash Flow per Basic Share
2.26
4.49
-2.56
-0.11
2.86
1.66
-0.1
4.03
0.72
-0.12
0.12
0.17
-0.15
- -
Dividend per Share
2.7
1.56
3.48
5.08
2.49
0.11
0.11
0.02
0.01
- -
- -
- -
0.04
- -
Book Value per Share
24.69
21.79
21.1
15.62
19.07
17.86
17.6
15.08
7.54
7.33
7.45
6.33
6.24
6.24
Tangible Book Value per Share
24.52
21.62
20.93
15.45
18.9
17.69
17.6
15.08
7.54
7.33
7.45
6.33
6.24
6.24
Basic Weighted Avg Shares
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
1,908
Sales/Revenue/Turnover
6,453
2,627
1,542
3,745
1,517
844
1,310
3,041
1,300
1,435
480
337
301
- -
Operating Margin (%)
38.21
71.37
69.81
51.24
54.24
75.47
77.62
87.42
54.35
70.88
21.64
-20.18
-4.73
- -
Depreciation Expense
19
23
56
10
9
7
27
88
125
120
105
106
79
- -
Net Income, GAAP
6,318
8,745
7,727
6,360
3,709
1,015
790
622
-3,515
1,152
77
-2,108
-388
- -
Effective Tax Rate (%)
6.39
2.84
5.81
7.78
7.93
10.7
16.57
10.15
- -
2.27
26.04
- -
- -
- -
Profit Margin (%)
97.91
332.85
500.99
169.83
244.54
120.35
60.32
20.46
-270.44
80.3
16.02
-625.97
-129.04
- -
Working Capital
12,964
5,566
16,966
11,208
-2,805
-2,750
-1,139
-1,509
3
19
-961
1,120
97
97
LT Debt
16,524
9,841
5,880
3,794
5,545
4,444
4,286
2,009
1,822
2,259
1,699
1,274
437
437
Total Equity
47,190
41,653
40,325
29,900
36,493
34,144
33,590
28,780
14,399
14,003
14,235
12,091
11,935
11,935
Return on Invested Capital (%)
3.4
2.82
1.75
3.54
1.52
1.11
1.2
5.73
- -
5.11
0.41
- -
- -
- -
Return on Capital (%)
9.23
14.09
14.17
12.56
7.72
2.49
2.32
1.9
- -
6.56
1.3
- -
- -
- -
Return on Common Equity (%)
13.64
19.72
18.89
18.16
11.21
2.88
2.34
2
-16.3
8.13
0.55
-16.05
-3.24
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,693
852
2,039
LT Borrowings
1,273
909
381
LT Finance Leases
2
- -
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,908
1,908
1,908
Market Capitalization
2,289
2,556
2,346

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,401
1,848
2,428
Cash, Cash Equivalents & STI
2,108
753
739
Accounts Receivable, Net
29
15
11
Inventories
28
28
26
Total Current Liabilities
2,281
1,066
2,331
Payables & Accruals
- -
- -
- -
ST Debt
1,693
852
2,039
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-9.36%
-13.48%
-1.29%
Free Cash Flow
-770.16%
-109.5%
-186.99%
Net Income, GAAP
-399.21%
-763.34%
-81.57%
Sales/Revenue/Turnover
7.26%
-30.76%
-10.61%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
480
2024
- -
- -
337
2025
- -
- -
301

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
-1.11
2025
- -
- -
-0.2

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.04

Company Description

CEO
Hoi Wan Chan
Full Time Employees
412
Sector
Finance
Industry
Investment banks/Brokers
Address
21st Floor, Chubb Tower, Windsor House Hong Kong Hong Kong
IPO Date
Aug 16, 1983
Business
Chinese Estates Holdings Limited Chinese Estates Holdings Limited is an investment holding company principally engaged in property development and trading, property investment for rental income including retail and non-retail leasing, building and property management, brokerage services, securities investment, money lending, and cosmetics distribution and trading. The company owns a diversified portfolio of prime commercial properties comprising office and retail assets strategically located in key areas of Hong Kong such as Causeway Bay and Wan Chai, as well as properties in mainland China including a five-star international hotel in Beijing and select investment assets in the United Kingdom including sites in London undergoing redevelopment and asset enhancement. Incorporated in Bermuda in 1989 and headquartered at 21st Floor, Chubb Tower, Windsor House, 311 Gloucester Road, Causeway Bay, Hong Kong, the Group operates primarily in Hong Kong with diversification into mainland China, Macau, and the United Kingdom, targeting commercial tenants, retail customers, and institutional investors across these regions. In September 2023, the company formed a joint venture with Sino Land Company Limited, China Overseas Land and Investment Limited, and Great Eagle Holdings Limited, holding a 10% stake, to successfully tender for and acquire New Kowloon Inland Lot No. 6590 at Kai Tak Area 2A Site 2 and Site 3 for a land premium of HK$5,350 million, marking a strategic expansion into residential development in a prime Hong Kong district with an estimated Group capital commitment of HK$1,050 million; more recently, in 2025, it sold a UK property to Ellison SPV 2 Limited for approximately £162 million and recorded interim results for the six months ended 30 June 2025 reflecting ongoing property leasing in Hong Kong, China, and the United Kingdom alongside development activities in Hong Kong and the UK.