1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Zensun Enterprises Limited

Zensun Enterprises Limited

HHKEX:185
0.06
HKD
+0.00
(+1.79%)
198.99MMarket Cap
Zensun Enterprises Limited
HKEX:185
(Hong Kong Exchange)

Recent

price

0.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.24
0.23
0.13
0.07
0.13
0.01
0.12
1.78
0.97
11.47
7.25
7.01
5.05
10.47
4.99
3.61
- -
Revenue per Share
0.15
-0.52
0.08
-0.09
-0.11
- -
-0.09
0.21
0.05
1.49
0.7
0.21
-1.54
-1.2
-1.14
-0.45
- -
Basic EPS, GAAP
-0.52
-2.05
-0.6
-0.22
0.11
-0.03
-1.39
-17.4
-18.49
-1.06
1.65
2.86
2.78
1.07
0.33
0.48
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.17
0.08
- -
- -
- -
- -
- -
Dividend per Share
3.08
2.15
2.05
1.84
1.64
0.17
1.7
1.87
1.83
3.63
4.12
4.28
2.78
1.6
0.47
0.02
0.02
Book Value per Share
3.04
2.12
2.03
1.84
1.64
0.17
1.7
1.87
1.83
3.63
3.79
3.98
2.56
1.57
0.46
0.02
0.02
Tangible Book Value per Share
264
292
338
381
387
4,198
585
618
618
774
1,113
1,913
1,913
1,913
1,913
1,913
1,913
Basic Weighted Avg Shares
64
66
45
26
49
37
71
1,100
601
8,887
8,069
13,421
9,657
20,035
9,542
6,917
- -
Sales/Revenue/Turnover
115.22
-88.67
-156.4
-155.66
-89.18
-76.93
-12.21
22.45
5.08
22.04
16.87
5.8
5.33
2.51
1.72
5.53
- -
Operating Margin (%)
4
4
2
1
2
1
1
1
3
5
3
2
20
11
14
17
- -
Depreciation Expense
38
-153
27
-35
-44
-16
-51
132
30
1,152
783
399
-2,946
-2,298
-2,182
-856
- -
Net Income, GAAP
34.16
- -
- -
- -
- -
- -
- -
44.6
51.31
43.49
36.3
41.54
- -
- -
- -
- -
- -
Effective Tax Rate (%)
60.3
-230.93
58.93
-133.93
-90.54
-44.71
-71.26
11.97
4.98
12.96
9.7
2.98
-30.51
-11.47
-22.87
-12.38
- -
Profit Margin (%)
141
723
222
79
33
342
644
4,291
9,109
16,231
15,560
12,402
7,081
2,872
1,141
299
299
Working Capital
366
788
50
29
152
354
141
3,869
8,742
13,282
8,784
5,901
3,506
1,188
1,120
952
952
LT Debt
841
752
721
657
592
914
1,036
1,144
1,122
3,737
7,889
8,199
5,320
3,124
963
105
105
Total Equity
4.12
- -
- -
- -
- -
- -
- -
1.96
0.09
3.76
2.61
1.18
- -
- -
- -
- -
- -
Return on Invested Capital (%)
4.06
- -
- -
- -
- -
- -
- -
1.99
0.24
4.06
2.67
1.57
- -
- -
- -
- -
- -
Return on Capital (%)
5.13
-20.69
3.84
-5.02
-6.98
-2.17
-5.16
11.97
2.63
47.3
13.48
4.97
-43.6
-54.83
-110.02
-181.77
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
11,802
11,727
11,830
LT Borrowings
1,120
1,063
952
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,913
1,913
1,913
Market Capitalization
302
133
179

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
38,284
36,727
31,973
Cash, Cash Equivalents & STI
531
496
391
Accounts Receivable, Net
13
9
12
Inventories
33,629
31,325
28,062
Total Current Liabilities
37,143
36,329
31,674
Payables & Accruals
- -
- -
- -
ST Debt
11,802
11,727
11,830
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.54%
-46.14%
-89.05%
Free Cash Flow
156.08%
22%
45.62%
Net Income, GAAP
250.78%
-194.86%
-60.77%
Sales/Revenue/Turnover
292.7%
13.17%
-27.51%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
20,035
2024
- -
- -
9,542
2025
- -
- -
6,917

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-1.2
2024
- -
- -
-1.14
2025
- -
- -
-0.45

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Zensun Enterprises Limited is an investment holding company primarily engaged in property development, property investment, project management and sales services, hotel operations, and securities trading and investment. The company operates through six segments including property development and project management services in the People's Republic of China (PRC); hotel operations in the PRC; property investment and management in the United States through its interest in American Housing REIT, Inc. (AHR), which focuses on acquiring, leasing and managing single-family rental properties; property investments in other regions; and securities trading and investment activities; with geographic operations spanning Hong Kong, the PRC, the United States, and overseas markets such as Singapore. Founded in 1965 and headquartered at 24/F, Wyndham Place, 40-44 Wyndham Street, Central, Hong Kong, the company maintains a portfolio that encompasses real estate projects, medical office properties via prior involvement with Global Medical REIT Inc. (GMR), and value-added services for related entities. In recent developments, Zensun Enterprises entered into the 2024 Master Services Agreement with Zensun Development on October 30, 2023, for ongoing connected transactions including property management framework agreements extended through 2025 and 2026; faced non-payment issues on its 12.5% Senior Notes due 2024, triggering a cross-default under the 7.0% Senior Notes due 2025 as announced in early 2025; and continues to report implementation updates on action plans to address audit disclaimers, alongside routine monthly equity movements and annual general meeting proposals for share mandates as of mid-2025.