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    Finance

  3. •

    Real estate development
Redco Properties Group Ltd.

Redco Properties Group Ltd.

HHKEX:1622
0.14
HKD
-0.01
(-4.90%)
685.46MMarket Cap
Apr 01Next Earn
Redco Properties Group Ltd.
HKEX:1622
(Hong Kong Exchange)

Recent

price

0.14

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.48
0.93
1.12
1.03
1.48
1.9
1.9
2.42
3.51
5.74
5.25
1.5
2.31
0.68
- -
Revenue per Share
0.02
0.13
0.11
0.12
0.13
0.24
0.28
0.29
0.36
0.25
-1.34
-0.44
-0.78
-0.83
- -
Basic EPS, GAAP
0.1
-0.24
-0.51
-0.04
0.46
-0.16
-0.64
0.54
-0.35
0.35
0.01
0.29
-0.17
-0.05
- -
Free Cash Flow per Basic Share
- -
- -
0.07
0.02
0.01
0.02
0.04
0.05
0.04
0.05
- -
- -
- -
- -
- -
Dividend per Share
0.17
0.28
0.53
0.72
0.8
1.07
1.23
1.46
1.92
2.22
0.61
0.13
-0.72
-1.46
-1.46
Book Value per Share
0.13
0.25
0.51
0.71
0.79
1.07
1.23
1.37
1.81
2.07
0.47
0.01
-0.83
-1.57
-1.57
Tangible Book Value per Share
3,200
3,200
3,136
3,269
3,552
3,552
3,552
3,552
3,552
3,552
3,552
3,552
3,552
3,552
3,552
Basic Weighted Avg Shares
1,551
2,985
3,503
3,378
5,270
6,734
6,736
8,602
12,452
20,396
18,636
5,339
8,201
2,399
- -
Sales/Revenue/Turnover
21.65
27.83
21.11
23.94
14.69
18.53
26.43
23.12
10.05
13.35
-21.12
-8.51
-39.99
-77.66
- -
Operating Margin (%)
4
4
5
9
8
7
10
23
32
61
95
89
57
57
- -
Depreciation Expense
66
400
347
401
451
862
991
1,035
1,296
884
-4,763
-1,556
-2,760
-2,953
- -
Net Income, GAAP
47.86
51.66
46.31
52.07
42.26
38.03
41.43
41.25
32.14
34.8
- -
- -
- -
- -
- -
Effective Tax Rate (%)
4.24
13.41
9.91
11.87
8.55
12.8
14.71
12.03
10.41
4.33
-25.56
-29.14
-33.65
-123.11
- -
Profit Margin (%)
1,403
1,926
4,009
5,518
6,193
6,637
9,619
11,858
24,301
21,912
2,736
272
-3,873
-7,280
-7,280
Working Capital
846
980
2,152
2,750
3,320
3,982
4,913
4,695
13,400
9,621
1,012
675
303
539
539
LT Debt
834
1,152
2,041
2,925
3,405
4,609
6,665
9,635
12,948
16,259
5,737
3,048
-1,437
-5,600
-5,600
Total Equity
- -
15.58
9.29
6.63
7.51
9.1
7.52
6.04
4.03
6.01
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
16.84
8.59
7.49
5.32
7.86
4.86
2.4
3.92
-2.13
- -
- -
- -
- -
- -
Return on Capital (%)
- -
55.77
26.88
18.87
16.68
25.89
24.2
21.65
21.62
12.02
-94.54
-117.79
- -
- -
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
15,689
16,248
16,202
LT Borrowings
303
4
539
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,552
3,552
3,552
Market Capitalization
674
457
616

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
39,728
39,395
36,503
Cash, Cash Equivalents & STI
336
316
199
Accounts Receivable, Net
226
260
274
Inventories
29,621
29,367
26,749
Total Current Liabilities
43,601
44,059
43,783
Payables & Accruals
- -
- -
- -
ST Debt
15,689
16,248
16,202
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.18%
11.3%
289.64%
Free Cash Flow
-17.78%
304.28%
-69.73%
Net Income, GAAP
-50.53%
-130.71%
7%
Sales/Revenue/Turnover
12.29%
-6.67%
-70.75%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
5,339
2024
- -
- -
8,201
2025
- -
- -
2,399

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.44
2024
- -
- -
-0.78
2025
- -
- -
-0.83

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Redco Properties Group Limited is a China-based property development and investment company primarily engaged in developing residential and commercial real estate properties. The company operates through multiple regional segments including the Greater Western Taiwan Straits Economic Zone, Central and Western Regions, Bohai Economic Rim, and the Greater Bay Area. Its core business offerings include property development; construction design and cost consulting; construction and sea reclamation; project management; property management and services; building decoration; telecommunication; trading and consultancy services; enterprise management; software invention services; as well as medical, healthcare, cultural product design consulting, culture, education, sports activities, and cultural tourism project operations. Founded in 1992 and headquartered in Shenzhen, China, Redco serves a wide range of customer types across the Chinese domestic market as well as Hong Kong. Recently, Redco has focused on mitigating liquidity pressures through actively negotiating a comprehensive Debt Restructuring Plan with lenders and creditors, pursuing new financing sources, and prioritizing project completions and sales. The company implemented stringent cost controls and operational management plans to improve financial stability. In 2024 and 2025, Redco introduced a new core product system branded as the New Oriental Wellness Architecture (NOWA), reflecting a strategic emphasis on wellness-themed real estate development. Additionally, Redco expanded its real estate investment footprint in international markets such as San Francisco, where it acquired a significant office property leased to a tech startup. The company also announced key governance updates including director re-elections and share issuance authorizations during its 2024 AGM. Despite challenging macroeconomic conditions impacting the real estate sector and resulting in some impairment losses, Redco remains focused on strategic restructuring and diversified business services to enhance its market position.