1. China Stocks

  2. •

    Finance

  3. •

    Real estate development
Xinji Shaxi Group Co., Ltd.

Xinji Shaxi Group Co., Ltd.

HHKEX:3603
0.08
HKD
+0.01
(+10.14%)
74.87MMarket Cap
Xinji Shaxi Group Co., Ltd.
HKEX:3603
(Hong Kong Exchange)

Recent

price

0.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.14
0.14
0.19
0.24
0.19
0.2
0.2
0.18
0.17
0.14
- -
Revenue per Share
0.04
0.05
0.13
0.08
0.02
-0.14
-0.11
-0.05
-0.11
-0.02
- -
Basic EPS, GAAP
0.1
0.01
0.1
0.08
0.03
0.08
0.09
0.08
0.1
0.05
- -
Free Cash Flow per Basic Share
- -
0.08
0.06
- -
0.01
- -
- -
- -
- -
- -
- -
Dividend per Share
0.78
0.77
0.98
1.26
1.27
1.15
0.95
0.89
0.79
0.77
0.77
Book Value per Share
0.77
0.77
0.98
1.26
1.26
1.15
0.94
0.89
0.79
0.77
0.77
Tangible Book Value per Share
1,500
1,500
1,500
1,240
1,500
1,500
1,500
1,500
1,495
1,493
1,493
Basic Weighted Avg Shares
209
210
281
303
288
297
298
273
255
215
- -
Sales/Revenue/Turnover
50.38
58.07
68.09
63.23
67.69
65.38
66.46
64.48
64.03
58.03
- -
Operating Margin (%)
1
1
1
1
1
2
6
6
6
5
- -
Depreciation Expense
59
77
189
103
33
-207
-169
-80
-162
-28
- -
Net Income, GAAP
34.26
35.38
28.17
34.72
53.52
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
28.24
36.65
67.25
33.95
11.45
-69.76
-56.53
-29.26
-63.71
-12.86
- -
Profit Margin (%)
-689
7
-268
-52
-68
50
46
144
100
-55
-55
Working Capital
188
1,006
720
597
603
762
754
877
741
486
486
LT Debt
1,518
1,517
1,476
1,882
1,894
1,722
1,416
1,336
1,173
1,145
1,145
Total Equity
- -
4.54
11
5.4
2.05
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
4.36
7.36
5.62
2.18
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
6.65
14.4
6.12
1.74
-11.47
-10.75
-5.81
-12.92
-2.38
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
267
290
513
LT Borrowings
574
573
335
LT Finance Leases
166
151
150
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,493
1,493
1,493
Market Capitalization
62
56
67

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
652
740
797
Cash, Cash Equivalents & STI
583
655
694
Accounts Receivable, Net
48
53
44
Inventories
1
- -
- -
Total Current Liabilities
552
595
852
Payables & Accruals
- -
- -
- -
ST Debt
267
290
513
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-9.42%
-2.37%
Free Cash Flow
- -
22.81%
-48.35%
Net Income, GAAP
- -
-156.14%
-82.94%
Sales/Revenue/Turnover
- -
-5.42%
-15.53%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
273
2024
- -
- -
255
2025
- -
- -
215

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.05
2024
- -
- -
-0.11
2025
- -
- -
-0.02

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
Xinji Shaxi Group Co., Ltd Xinji Shaxi Group Co., Ltd (3603.HK) is an investment holding company that operates and manages specialized shopping malls for hospitality supplies and home furnishings in the People's Republic of China. The company owns and operates five key shopping malls, including Xinji Shaxi Hospitality Supplies Expo Center, Xinji Hotelex Hospitality Supplies Center, and Xinji Shaxi Hospitality Supplies Expo Center (Shenyang) for hospitality supplies such as glass and stainless-steel products, beverage essentials, kitchen supplies, room supplies, bakery essentials, textiles, electrical appliances, and utensils; and Xinji Dashi Home Furnishings Center and Xinji Shaxi Home Furnishings Expo Center (Shenyang) for office and home furniture, decorations, and construction materials. It generates revenue primarily from rental income, property management services including pre-sale management and value-added services for tenants, developers, and property owners, sales of hospitality and home furnishing products through its online shopping mall, subleasing of apartments such as Yuanyang Bangshe, and exhibition management services for events like HOSFAIR. The company's operations focus on the real estate services sector, serving B2B hospitality businesses, retailers, commercial, and household customers primarily in Guangdong Province (Guangzhou and Panyu areas) and Liaoning Province (Shenyang), with a total gross floor area exceeding 360,000 sq.m. across its portfolio and approximately 260 employees as of late 2024. Founded in 2002 and headquartered at 1st Floor, Xinjicheng Club, No. 250 Intersection of Nanda Road, Panyu District, Guangzhou, PRC, with registered office in the Cayman Islands, Xinji Shaxi Group listed on the Hong Kong Stock Exchange in November 2019. In recent developments, the company completed acquisitions of Guangzhou Xinji Youxiang Property Co., Ltd. and Foshan Xinji Youxiang Commercial Service Co., Ltd. in June 2022 to expand property management for commercial complexes including Xiajiao, Shangjiao, Yuedao, and Longmei projects; entered sublease and sub-sublease agreements in December 2021 for Yuanyang Bangshe apartments spanning 34,394 sq.m. through 2036; repurchased and cancelled 7,056,000 shares in April 2024; and appointed Mr. Zhao Hui as non-executive director on 1 November 2024 while Mr. Yu Xuecong resigned on the same date. For FY2024 ended 31 December 2024, revenue totaled RMB254.8 million with core net profit of RMB73.8 million, reflecting stable operations amid economic challenges, alongside ongoing utilization of IPO proceeds for e-commerce platform development and general working capital extended to 2027.