1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
China New Town Development Co. Ltd.

China New Town Development Co. Ltd.

HHKEX:1278
0.07
HKD
+0.00
(+1.52%)
3.50BMarket 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
0.14
0.01
0.02
0.03
0.09
0.03
0.01
0.02
0.02
0.02
0.02
0.02
0.02
- -
Basic EPS, GAAP
-0.05
-0.01
0.01
0.03
0.03
0.01
0.01
-0.03
0.01
- -
0.01
- -
0.01
- -
Free Cash Flow per Basic Share
-0.01
0.01
0.02
-0.06
-0.06
-0.09
0.07
- -
0.04
- -
- -
- -
-0.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.55
0.36
0.36
0.4
0.43
0.43
0.44
0.41
0.42
0.42
0.43
0.43
0.43
0.41
Tangible Book Value per Share
0.55
0.36
0.36
0.4
0.43
0.43
0.44
0.41
0.42
0.42
0.43
0.43
0.43
0.41
Basic Weighted Avg Shares
4,498
8,571
9,846
9,846
9,741
9,726
9,726
9,726
9,726
9,726
9,726
9,726
9,726
9,816
Sales/Revenue/Turnover
608
57
164
248
896
300
131
171
188
162
163
154
158
- -
Operating Margin (%)
17.34
-1,171.72
35.56
33.91
42.3
-94.42
-18.34
3.67
4.67
1.22
6.66
-9.88
-23.72
- -
Depreciation Expense
73
23
3
2
2
2
13
15
15
14
14
13
12
- -
Net Income, GAAP
-213
-61
65
323
336
84
95
-251
109
3
141
44
73
- -
Effective Tax Rate (%)
299.95
- -
- -
5.16
25.49
- -
37.26
- -
7.42
86.78
24.78
18.6
31.2
- -
Profit Margin (%)
-35.02
-108.08
39.73
130.25
37.46
28
72.7
-146.57
57.78
1.68
86.59
28.82
46.53
- -
Working Capital
2,288
3,284
4,585
3,813
2,629
2,942
4,044
2,774
1,983
2,614
3,758
3,571
4,818
3,855
LT Debt
1,798
- -
1,600
1,570
299
2,357
2,360
717
686
738
2,019
2,193
2,145
1,571
Total Equity
2,979
3,847
3,884
4,278
4,605
4,617
4,679
4,387
4,515
4,536
4,670
4,698
4,721
4,371
Return on Invested Capital (%)
-3.7
- -
- -
-0.46
6.24
- -
1.37
- -
2.29
0.15
2.52
1.16
1.04
- -
Return on Capital (%)
-6.38
- -
- -
6.71
5.06
- -
2.5
- -
2.24
0.07
3.15
1.57
1.76
- -
Return on Common Equity (%)
-8.31
-2.05
1.83
8.6
8.25
1.99
2.26
-6.13
2.72
0.07
3.41
1.06
1.74
- -

Capital Structure

CNY

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
ST Debt
200
521
50
LT Borrowings
1,583
1,570
1,571
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,846
9,846
9,726
Market Capitalization
2,921
3,527
3,041

Working Capital

CNY

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
Total Current Assets
6,591
6,054
5,351
Cash, Cash Equivalents & STI
1,862
2,349
1,293
Accounts Receivable, Net
47
62
55
Inventories
6
1,562
- -
Total Current Liabilities
1,965
2,241
1,496
Payables & Accruals
- -
- -
- -
ST Debt
200
521
50
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.06%
1.49%
0.49%
Free Cash Flow
-512.25%
-873.51%
-708.4%
Net Income, GAAP
481.36%
967.7%
65.39%
Sales/Revenue/Turnover
21.38%
-1.33%
2.43%
Total Cash Common Dividend
- -
- -
61.65%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
163
2024
- -
- -
154
2025
- -
- -
158

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
- -
2025
- -
- -
0.01

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Meiyu Yang
Full Time Employees
90
Sector
Finance
Industry
Real estate development
Address
Central Plaza Hong Kong Hong Kong
IPO Date
Nov 14, 2007
Website
china-newtown.com
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Business
China New Town Development Company Limited (1278.HK) operates as a new town developer and urbanization investment platform in the People's Republic of China. The company engages in land infrastructure development and construction of ancillary public facilities; urbanization project investments including fixed income instruments in industrial parks, high-tech zones, sewage treatment plants, hospitals, and standard factories such as Yangzhou Hanjiang Industrial Park Infrastructure Project, Liyang High-tech Zone Industrial Base Quality Improvement and Upgrading Phase I Project, Wuxi Gaoxin District Industrial Park Project, and Wuxi Liangxi District Food Science and Technology Innovation Center Project; property leasing and management services for investment properties; and other services encompassing consultation, asset management, and investment management. It derives revenue primarily from interest on debt instruments at amortised cost, rental income, and property management fees, with operations segmented into land development, urbanization development, property leasing, and others. The company maintains key projects including Shanghai Luodian New Town Project (72.63% owned, 6.80 square kilometres in Baoshan District), Optical Valley New Development International Center Project in Wuhan (66.4% owned, 172,496 square metres focused on optoelectronics and semiconductors), and Beijing Junzhuang Project in Mentougou District (50% equity interest via joint venture with Beijing Vanke Enterprises Co. Ltd.). It targets regional economic development and residents' livelihood needs in mainland China, with geographic focus on cities such as Shanghai, Wuhan, Beijing, Wuxi, Yangzhou, and others. Founded in 2002 and headquartered at Suite 6508, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, the company lists on The Stock Exchange of Hong Kong Limited. In recent developments, the company entered a limited partnership agreement with Wuxi Kaihe Oxygenation Equity Investment Co., Ltd. and invested RMB30 million in joint ventures and associates during the first half of 2024. It continues investments in urbanization projects like Yangzhou Jiangdu People’s Hospital New Project and Hubei Daye Advanced Manufacturing Standard Plant Construction Project, while maintaining stable occupancy in office and retail spaces at the Optical Valley project despite prior pandemic and policy impacts. Shareholder structure features Xitong International Holdings (HK) Limited, a subsidiary of Wuxi Communications Industry Group Co., Ltd., as the largest shareholder with 29.99% and China Development Bank International Holdings Limited holding 24.99%, following the 2021 share transfer completion.