E-Star Commercial Management Company Limited

E-Star Commercial Management Company Limited

HHKEX:6668
1.35
HKD
-0.02
(-1.46%)
1.39BMarket Cap
Apr 01Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.28
0.33
0.39
0.44
0.57
0.55
0.62
0.64
0.58
- -
Basic EPS, GAAP
0.04
0.07
0.08
0.13
0.18
0.15
0.17
0.15
0.14
- -
Free Cash Flow per Basic Share
0.05
0.1
0.11
0.13
0.18
0.16
0.29
0.17
0.17
- -
Dividend per Share
- -
- -
0.28
- -
0.05
0.12
0.06
0.16
0.12
- -
Book Value per Share
0.12
0.19
0.03
0.16
1.1
1.13
1.24
1.23
1.25
1.25
Tangible Book Value per Share
0.12
0.19
0.03
0.16
1.1
1.13
1.24
1.23
1.25
1.25
Basic Weighted Avg Shares
1,000
1,000
1,000
1,000
1,001
1,018
1,016
1,013
1,013
1,013
Sales/Revenue/Turnover
278
329
387
442
572
562
635
645
583
- -
Operating Margin (%)
22.98
31.79
29.65
39.74
42.9
39.28
37.73
30.57
33.54
- -
Depreciation Expense
4
5
4
7
7
27
47
47
47
- -
Net Income, GAAP
41
66
85
127
185
154
171
154
143
- -
Effective Tax Rate (%)
25.11
25.2
25.86
27.15
27.13
28.54
32.04
22.95
21.94
- -
Profit Margin (%)
14.71
20.16
21.85
28.7
32.32
27.46
26.94
23.97
24.47
- -
Working Capital
120
210
33
160
1,090
1,030
1,101
1,058
1,057
1,057
LT Debt
58
56
67
69
63
662
659
647
657
657
Total Equity
141
219
36
163
1,139
1,181
1,272
1,256
1,272
1,272
Return on Invested Capital (%)
- -
31.53
40.38
66.9
22.96
9.17
8.83
7.74
7.54
- -
Return on Capital (%)
- -
23.91
39.88
75.74
26.14
11.46
10.73
9.69
9.07
- -
Return on Common Equity (%)
- -
42.69
76.51
131.67
28.87
13.56
14.19
12.34
11.35
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
22
23
25
LT Borrowings
- -
- -
- -
LT Finance Leases
647
653
657
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,015
1,015
1,015
Market Capitalization
1,144
1,204
1,249

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,417
1,425
1,393
Cash, Cash Equivalents & STI
1,367
1,368
1,343
Accounts Receivable, Net
24
26
12
Inventories
- -
- -
- -
Total Current Liabilities
360
358
337
Payables & Accruals
- -
- -
- -
ST Debt
22
23
25
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
121.78%
1.29%
Free Cash Flow
- -
14.68%
3.33%
Net Income, GAAP
- -
4.55%
-7.67%
Sales/Revenue/Turnover
- -
6.52%
-9.56%
Total Cash Common Dividend
- -
- -
-25.17%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
635
2024
- -
- -
645
2025
- -
- -
583

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.17
2024
- -
- -
0.15
2025
- -
- -
0.14

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.06
2024
- -
- -
0.16
2025
- -
- -
0.12

Company Description

CEO
Qun Sheng Chen
Full Time Employees
874
Sector
Finance
Industry
Real estate development
Address
Building A, Galaxy World Shenzhen GD China 518000
IPO Date
Jan 26, 2021
Website
g-cre.com
Business
E-Star Commercial Management Company Limited, operating as an investment holding company, delivers comprehensive commercial property management solutions to both owners and tenants across the People's Republic of China. The company structures its operations through three distinct segments: the Entrusted Management Service Model, the Brand and Management Output Service Model, and the Sublease Service Model. Its service offerings encompass critical pre-opening and ongoing management phases. These include expert guidance on market positioning, business strategy, and design and construction consultation, alongside effective tenant acquisition. Furthermore, E-Star provides full operational management, involving the development of strategic plans, executing marketing and promotional campaigns, detailed tenant and property oversight, and efficient rent collection. Additionally, the company manages property leasing services, specifically through the sublease of commercial spaces within properties under its sublease service framework, and offers various value-added services. These include managing common areas for temporary uses like pop-up stores and promotional setups, as well as overseeing advertising placements on LED displays and building facades within its managed shopping centers. E-Star's diversified brand portfolio for commercial property operations features well-recognized names such as COCO Park for urban shopping destinations, COCO City and iCO for regional retail centers, COCO Garden for community-focused shopping, and Top Living for high-end home furnishing experiences. The company focuses on managing an array of commercial assets, including large-scale shopping centers, vibrant shopping streets, and integrated commercial complexes. As of December 31, 2024, E-Star had actively contracted to provide services for 53 commercial property projects, including consultancy projects, across 21 cities within the People's Republic of China, with 27 retail commercial properties already operational. Founded with a history extending before its incorporation in 2019 and subsequent listing on the Hong Kong Stock Exchange in 2021, the company maintains its principal base in Shenzhen, PRC. E-Star Commercial Management Company Limited continues its strategic growth, having recently signed new framework agreements extending through 2028, aiming to further enhance its operational footprint and capabilities, and is exploring diversification into micro-financing business. The firm remains a subsidiary of Go Star Investment Holding Limited.