China Motor Bus Co. Ltd.

China Motor Bus Co. Ltd.

HHKEX:26
56.80
HKD
-0.50
(-0.87%)
2.30BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
1.84
1.98
2.05
2.13
2.02
1.8
1.88
1.95
1.83
1.73
1.61
1.48
1.54
- -
Basic EPS, GAAP
7.87
9.73
14.62
10.25
7.71
13.86
20.8
30.71
2.46
-0.4
1.6
-3.43
-5.79
- -
Free Cash Flow per Basic Share
0.17
0.85
1.32
1.21
4.04
0.77
0.52
1.06
0.74
1.44
0.58
0.55
0.64
- -
Dividend per Share
2.3
2.3
2.3
2.8
2.3
2.9
3
3.2
39.3
9.35
3.17
3.06
3.19
- -
Book Value per Share
139.11
145.66
160.92
166.85
167.94
178.32
196.59
222.98
185.25
178.42
173.64
168.03
158.99
155.97
Tangible Book Value per Share
139.11
145.66
160.92
166.85
167.94
178.32
196.59
222.98
185.25
178.42
173.64
168.03
158.99
155.97
Basic Weighted Avg Shares
46
46
46
45
45
45
45
45
45
45
45
45
45
45
Sales/Revenue/Turnover
84
90
94
97
92
82
85
88
83
78
73
67
70
- -
Operating Margin (%)
73.79
69.18
72.45
65.11
62.98
57.61
60.72
57.43
56.6
55.21
51.19
44.01
43.39
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
2
3
3
3
3
- -
Net Income, GAAP
359
443
666
465
349
628
942
1,391
111
-18
72
-155
-262
- -
Effective Tax Rate (%)
6.11
2.93
2.21
2.95
4.16
1.24
1.23
0.81
8.02
- -
15.57
- -
- -
- -
Profit Margin (%)
428.48
492.37
712.71
481.05
381.24
768.48
1,103.69
1,573.6
134.38
-22.86
99.13
-231.92
-377.02
- -
Working Capital
2,509
2,485
2,014
2,741
2,794
2,674
2,332
4,376
2,762
2,485
1,452
1,430
1,347
1,601
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
6,343
6,641
7,337
7,560
7,609
8,079
8,907
10,103
8,393
8,084
7,867
7,608
7,199
7,053
Return on Invested Capital (%)
1.04
1.14
1.38
0.71
0.78
0.9
0.97
0.63
0.9
- -
0.49
- -
- -
- -
Return on Capital (%)
5.88
6.79
9.54
6.24
4.61
8
11.1
14.64
1.21
- -
0.91
- -
- -
- -
Return on Common Equity (%)
5.97
6.83
9.54
6.24
4.61
8
11.1
14.64
1.21
-0.22
0.91
-2.01
-3.54
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
2,680
2,449
2,297

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
Total Current Assets
1,525
1,398
1,816
Cash, Cash Equivalents & STI
1,514
1,387
1,809
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
128
51
215
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.16%
-6.39%
-5.38%
Free Cash Flow
23.16%
3.32%
16.04%
Net Income, GAAP
-83.5%
-191.48%
68.92%
Sales/Revenue/Turnover
-2.76%
-4.59%
3.91%
Total Cash Common Dividend
102.6%
197.34%
4.22%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
67
2024
- -
- -
70
2025
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-3.43
2024
- -
- -
-5.79
2025
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3.06
2024
- -
- -
3.19
2025
- -
- -
- -

Company Description

CEO
Shun Loy Yung
Full Time Employees
2
Sector
Finance
Industry
Real estate development
Address
Island Place Tower Hong Kong Hong Kong
IPO Date
Dec 30, 1988
Website
irasia.com
Business
China Motor Bus Company, Limited is a Hong Kong-based property development and investment company originally established in 1933 and headquartered in Hong Kong. The company transitioned from its original business of franchised bus services, having ceased these operations in 1998, to focus primarily on property investment and development. Its core activities include property leasing; development, construction, sale, and marketing of residential and commercial properties; and treasury management, which covers the management of listed investments and financial assets. The company manages significant real estate projects primarily in Hong Kong, including large-scale residential and retail complexes such as a 64,500 square meter development in Chai Wan comprising multiple residential towers and retail shops, which is jointly developed with Swire Properties. It also holds a 50% stake in the South Island Place office tower in Wong Chuk Hang, a grade A commercial building. Additionally, China Motor Bus has real estate investments in London, including the Scorpio House office block, having recently divested Albany House as part of a strategic move to unlock shareholder value and strengthen its financial position amid challenging UK market conditions. Recent major changes include the strategic pivot from transport operations to property development, divestment of a key London property in 2024, and ongoing collaboration with Swire Properties on multiple development projects in Hong Kong. The company continues to return value to shareholders through dividends, with a recent dividend announcement in 2025. This evolution reflects China Motor Bus’s repositioning as a real estate player focused on leveraging its former transport assets for property development and investment returns. China Motor Bus operates exclusively in the property investment and development sector with a portfolio spanning Hong Kong and the United Kingdom, targeting residential, commercial, and retail property markets. The company no longer operates any transport services but maintains its presence as a listed investment entity under ticker 0026.HK on the Hong Kong Stock Exchange.