1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Million Cities Holdings Ltd.

Million Cities Holdings Ltd.

HHKEX:2892
0.61
HKD
0.00
(0.00%)
198.87MMarket Cap
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
0.08
1.19
1.3
1
0.47
1.66
1.8
0.76
0.86
0.13
0.09
- -
Basic EPS, GAAP
- -
0.09
0.05
0.06
0.02
0.15
0.22
0.09
-0.64
-0.15
-0.03
- -
Free Cash Flow per Basic Share
-0.4
0.37
-0.3
1.25
-0.07
-0.34
0.14
0.01
0.49
-0.1
-0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.09
0.14
0.24
1.06
1.09
1.24
1.46
1.56
0.91
0.76
0.73
0.76
Tangible Book Value per Share
0.09
0.14
0.24
1.06
1.09
1.24
1.46
1.56
0.91
0.76
0.73
0.76
Basic Weighted Avg Shares
750
750
750
569
750
750
750
750
750
750
750
750
Sales/Revenue/Turnover
58
895
973
568
354
1,241
1,349
571
642
100
64
- -
Operating Margin (%)
-43.33
20.45
14.91
32.75
16.9
38.15
14.97
30.73
-42.57
-70.42
-61.16
- -
Depreciation Expense
2
2
2
4
6
9
8
6
7
3
3
- -
Net Income, GAAP
- -
68
39
33
18
113
166
69
-482
-114
-21
- -
Effective Tax Rate (%)
204.59
29.83
45.7
58.67
69.97
50.77
35.32
51.72
- -
- -
- -
- -
Profit Margin (%)
0.71
7.6
3.97
5.88
5.07
9.08
12.34
12.11
-75.16
-114.15
-32.13
- -
Working Capital
8
86
50
757
762
607
677
614
383
364
98
364
LT Debt
- -
- -
- -
- -
- -
1
- -
- -
- -
1
- -
1
Total Equity
55
144
268
906
925
1,169
1,361
1,460
850
702
681
702
Return on Invested Capital (%)
- -
78.96
18.94
7.63
1.5
15.59
8.3
5.04
- -
- -
- -
- -
Return on Capital (%)
- -
4.07
0.15
-0.95
1.5
-0.29
9.91
1.58
- -
- -
- -
- -
Return on Common Equity (%)
- -
78.17
27.1
6.87
2.23
12.91
16.45
6.12
-52.06
-18.12
-3.66
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
750
750
750
Market Capitalization
276
324
187

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
1,202
1,212
1,100
Cash, Cash Equivalents & STI
363
314
268
Accounts Receivable, Net
- -
- -
- -
Inventories
660
646
566
Total Current Liabilities
819
788
736
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
47.43%
-7.69%
-2.96%
Free Cash Flow
416.09%
937.33%
-86.13%
Net Income, GAAP
1,562.82%
-193.27%
-81.96%
Sales/Revenue/Turnover
145.28%
-31.41%
-35.93%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
642
2024
- -
- -
100
2025
- -
- -
64

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.64
2024
- -
- -
-0.15
2025
- -
- -
-0.03

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Ting Chung Wong
Full Time Employees
22
Sector
Finance
Industry
Real estate development
Address
Tai Ping Industrial Centre Hong Kong Hong Kong
IPO Date
Dec 20, 2018
Website
millioncities.com.cn
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Business
Million Cities Holdings Limited (2892.HK), an investment holding company founded in 2003 and headquartered in Tai Po, Hong Kong, develops, sells, leases, and manages properties primarily in the People's Republic of China. The company focuses on affordable, luxury, residential, complex, and integrated properties in key locations including Huizhou in Guangdong Province, Tianjin, and Zhumadian in Henan Province; it offers high-rise apartments, mid-high-rise apartments, multi-storey apartments, villas, and ancillary facilities such as retail shops, clubs, kindergartens, office buildings, and car parks under projects like Million Cities International, Million Cities Legend, Million Cities Royal Court, Sunshine New Court, Crown Grand Court, Dragon Terrace, and Million Cities Tonghu Centre. It targets middle- to high-income residents, sells developed properties, leases unsold units for rental income, provides property management services, and offers management advisory services across these regions. As a subsidiary of Fortune Speed Investments Limited and listed on the Hong Kong Stock Exchange since December 2018, the company maintains a land bank supporting ongoing and future developments. In 2025, it pursued major strategic expansions through connected transactions, including the acquisition of approximately 25.3% equity in Fortune Radiant City Limited for HK$151 million via a sale and purchase agreement and an additional 16.7% stake through a subscription agreement for HK$120 million, alongside the disposal of its wholly-owned subsidiary Fortune Brilliant City Limited to the same counterparty; these moves aim to diversify into stable rental income generation and leverage property management expertise amid real estate market challenges. An extraordinary general meeting was scheduled for November 19, 2025, to approve these agreements as part of its long-term business strategy.