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    Real estate development
Gemdale Properties & Investment Corp. Ltd.

Gemdale Properties & Investment Corp. Ltd.

HHKEX:535
0.08
HKD
+0.00
(-1.20%)
2.58BMarket Cap
Mar 24Next Earn
Gemdale Properties & Investment Corp. Ltd.
HKEX:535
(Hong Kong Exchange)

Recent

price

0.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.04
0.02
0.02
0.03
0.24
0.31
0.55
0.3
0.45
0.74
1.04
0.86
0.62
1.05
0.79
0.51
- -
Revenue per Share
0.02
0.06
0.03
0.12
0.04
0.08
0.09
0.1
0.14
0.24
0.27
0.24
0.14
0.02
-0.28
-0.21
- -
Basic EPS, GAAP
-0.02
0.03
-0.26
-0.29
0.13
-0.13
-0.07
0.18
0.38
0.26
-0.25
- -
0.12
0.1
-0.01
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.01
- -
0.02
0.02
0.03
0.03
0.07
0.08
0.06
0.01
- -
- -
- -
Dividend per Share
0.28
0.36
0.34
0.51
0.54
0.55
0.61
0.69
0.75
0.95
1.14
1.31
1.35
1.35
1.07
0.87
0.87
Book Value per Share
0.28
0.36
0.34
0.51
0.54
0.55
0.61
0.69
0.74
0.94
1.14
1.31
1.35
1.35
1.07
0.87
0.87
Tangible Book Value per Share
6,849
6,853
7,456
8,686
9,093
13,744
15,793
15,814
15,871
15,884
16,254
16,553
16,601
16,613
16,614
16,614
16,614
Basic Weighted Avg Shares
249
161
148
233
2,168
4,241
8,707
4,711
7,079
11,710
16,884
14,185
10,302
17,452
13,196
8,505
- -
Sales/Revenue/Turnover
33.69
24.91
156.58
39.88
21.72
37.29
35.9
18.25
40.96
41.06
30.68
6.34
5.82
11.54
6.46
4.14
- -
Operating Margin (%)
13
13
- -
3
7
10
21
25
50
60
55
67
48
66
67
36
- -
Depreciation Expense
169
403
190
1,042
361
1,056
1,367
1,644
2,253
3,800
4,355
4,014
2,324
343
-4,571
-3,411
- -
Net Income, GAAP
37.08
28.28
9.73
20.99
31.64
39.04
47.7
34.32
42.52
39.38
33.46
24.37
32.15
53.35
- -
- -
- -
Effective Tax Rate (%)
68.02
249.49
128.21
447.53
16.64
24.91
15.7
34.89
31.82
32.45
25.79
28.3
22.56
1.96
-34.64
-40.11
- -
Profit Margin (%)
2,076
1,903
2,135
2,978
3,796
4,057
753
1,426
-4,161
-4,385
1,934
5,363
5,230
6,476
3,069
2,662
2,662
Working Capital
673
213
- -
- -
1,111
- -
115
3,063
3,355
7,957
17,656
1,205
3,731
11,103
10,796
10,105
10,105
LT Debt
2,432
3,110
3,766
5,580
6,126
9,850
11,637
13,048
13,870
17,897
21,099
24,624
27,022
26,348
21,063
17,709
17,709
Total Equity
1.58
0.73
4.13
1.01
6.09
8.31
8.52
2.48
6.98
10.35
9.22
4.32
0.01
1.56
- -
- -
- -
Return on Invested Capital (%)
6.06
9.65
4.02
14.94
1.37
7.33
4.84
7.36
8.9
13.74
12.24
12.12
9.34
1.31
- -
- -
- -
Return on Capital (%)
9.33
18.55
6.88
27.06
7.59
15.57
14.91
15.98
19.8
28.27
25.66
19.74
10.51
1.53
-22.75
-21.24
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,332
1,477
1,473
LT Borrowings
10,191
9,712
9,600
LT Finance Leases
605
549
505
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16,614
16,614
16,614
Market Capitalization
4,293
4,776
2,314

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
34,417
27,628
24,573
Cash, Cash Equivalents & STI
1,821
1,247
1,210
Accounts Receivable, Net
106
76
65
Inventories
17,945
13,095
11,408
Total Current Liabilities
31,348
24,292
21,911
Payables & Accruals
- -
- -
- -
ST Debt
1,332
1,477
1,473
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.15%
-2.4%
-15.92%
Free Cash Flow
188.76%
480.82%
-120.94%
Net Income, GAAP
-142.42%
-318.85%
-25.37%
Sales/Revenue/Turnover
18.54%
-6.78%
-35.55%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
17,452
2024
- -
- -
13,196
2025
- -
- -
8,505

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
-0.28
2025
- -
- -
-0.21

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Gemdale Properties and Investment Corporation Limited is a Bermuda-incorporated investment holding company principally engaged in property development and investment in Mainland China. The company operates through three primary business segments: Property Development, which involves the development and sale of residential and commercial properties; Property Investment and Management, focused on investment in and management of business parks and commercial properties; and Corporate and Others, which provides corporate management services. It offers a diversified portfolio including residential units, commercial spaces, business parks, industrial parks, shopping malls, offices, rental apartments, and for-sale residential properties across key Chinese cities such as Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou, and Chengdu. The company also provides integrated space and resource management services along with micro-finance services catering to property buyers and small businesses. Founded in 1992 and headquartered in Hong Kong, Gemdale Properties and Investment has recently undertaken significant strategic actions including acquisitions that expanded its control over key property development joint ventures in Mainland China. In 2024, the company acquired additional equity in joint ventures such as Shenzhen Jindi Jiachuang Investment Consulting Company Limited and Nanjing Weipan and Nanjing Weijing Real Estate Development companies, consolidating its presence and operational control in these projects. The company also acquired 100% equity in property investment subsidiary Shanghai Xinwei Real Estate Company Limited. These transactions marked a strategic shift from joint venture partnerships to greater direct control and asset ownership. Additionally, in 2025, OUE Limited acquired a 3.19% stake in the company, reflecting external investment interest. Financially, the company reported a decline in revenue to RMB 13.2 billion in 2024 due to reduced property sales compared to the previous year, with ongoing challenges impacting profitability. The company continues to focus on leveraging its diversified property portfolio and property management ecosystem, with an emphasis on innovative living solutions incorporating standardized R&D advances such as smart home systems and microclimate technologies. Gemdale Properties and Investment remains a significant player in the urban real estate development and investment sectors in China, maintaining operations predominantly within Mainland China while evolving its asset base and business model through strategic acquisitions and operational refinements.