Hollwin Urban Operation Service Group Co., Ltd. Class H

Hollwin Urban Operation Service Group Co., Ltd. Class H

HHKEX:2529
2.45
HKD
+0.00
(-0.20%)
481.60MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.7
3.3
4.07
4.71
4.22
- -
Basic EPS, GAAP
0.25
0.33
0.44
0.5
0.46
- -
Free Cash Flow per Basic Share
0.13
-0.06
0.42
0.49
0.22
- -
Dividend per Share
- -
0.05
0.09
0.24
0.23
- -
Book Value per Share
0.89
1.16
1.6
2.34
2.58
2.58
Tangible Book Value per Share
0.89
1.16
1.6
2.34
2.55
2.55
Basic Weighted Avg Shares
160
160
160
145
160
160
Sales/Revenue/Turnover
432
529
652
684
675
- -
Operating Margin (%)
11.56
12.55
13.61
13.32
14.25
- -
Depreciation Expense
8
9
7
8
8
- -
Net Income, GAAP
40
53
70
72
74
- -
Effective Tax Rate (%)
24.62
24.18
24.54
24.85
24.9
- -
Profit Margin (%)
9.36
10.05
10.77
10.51
11.02
- -
Working Capital
81
140
204
319
344
344
LT Debt
- -
- -
- -
2
2
2
Total Equity
144
186
256
375
412
412
Return on Invested Capital (%)
- -
26.4
27.64
20.81
17.61
- -
Return on Capital (%)
- -
31.9
31.78
22.83
18.78
- -
Return on Common Equity (%)
- -
32.38
31.79
22.8
18.91
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1
- -
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
160
40
160
Market Capitalization
498
110
433

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
837
- -
874
Cash, Cash Equivalents & STI
355
318
353
Accounts Receivable, Net
165
- -
165
Inventories
4
- -
5
Total Current Liabilities
518
- -
530
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
1
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
10.06%
Free Cash Flow
- -
- -
-50.17%
Net Income, GAAP
- -
- -
3.5%
Sales/Revenue/Turnover
- -
- -
-1.29%
Total Cash Common Dividend
- -
- -
4.58%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
652
2024
- -
- -
684
2025
- -
- -
675

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.44
2024
- -
- -
0.5
2025
- -
- -
0.46

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
0.24
2025
- -
- -
0.23

Company Description

CEO
Xin Yang
Full Time Employees
545
Sector
Finance
Industry
Real estate development
Address
Building A1 Changsha HU China
IPO Date
May 17, 2024
Business
Hollwin Urban Operation Service Group Co., Ltd. (2529.HK) is a China-based provider of urban operation and property management services, principally engaged in property management for commercial, residential, and public properties; commercial operation services including tenant sourcing, management, rent collection, and subleasing of commercial properties such as office buildings, districts, and industrial parks; and city services encompassing landscaping and engineering construction, lighting system operations for landscape and functional lighting, parking lot operations through self-management and leasing of public spaces, and municipal sanitation services for city roads, building walls, street lamps, and bus platforms. Founded in 2015 and headquartered in Changsha, China, the company operates primarily in China as a subsidiary of Changsha Urban Development Group Co., Ltd., serving a diverse customer base that includes government entities, property developers, and commercial asset owners across multiple provinces. As of June 30, 2025, Hollwin manages commercial operations for 54 properties with significant gross floor area, reflecting ongoing portfolio growth. In the first half of 2025, the company secured three new contracted projects through enhanced market expansion efforts, bringing its total to 84 projects, and continues to advance digital transformation with recent upgrades to its information management systems. Recent developments include a planned establishment of a security company subsidiary in 2024 and a successful bid for the Hunan Xiangjiang New Area urban management maintenance project in the Binjiang zone for sanitation services.