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Grandjoy Holdings Group Co., Ltd. Class A

Grandjoy Holdings Group Co., Ltd. Class A

SSZSE:000031
2.09
CNY
+0.01
(+0.48%)
-0.46EPS
9.09BMarket Cap
Oct 29Next Earn
Grandjoy Holdings Group Co., Ltd. Class A
SZSE:000031
(Shenzhen Stock Exchange)

Recent

price

2.09

P/E

ratio

- -

div

yld

24.33%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.52
3.02
4.35
5.52
4.98
7.61
10.01
7.72
5.69
8.58
8.94
11.89
9.2
8.53
8.3
7.23
7.54
Revenue per Share
0.32
0.23
0.28
0.29
0.33
0.36
0.4
0.52
0.53
0.52
-0.09
0.03
-0.67
-0.34
-0.69
-0.55
-0.5
Basic EPS, GAAP
-2.02
-1.36
1.29
-1.83
-1.27
-0.96
3.18
0.92
-0.37
0.34
1.91
-3.17
0.26
2.05
1.18
0.55
- -
Free Cash Flow per Basic Share
0.19
0.31
0.52
0.58
0.73
0.84
0.96
0.82
0.94
1.13
1.26
1.11
0.89
1.06
0.78
0.58
0.51
Dividend per Share
2.85
2.46
2.69
2.98
3.3
3.38
3.25
3.66
8.52
4.94
4.28
4.39
3.59
3.23
2.47
2.4
2.3
Book Value per Share
2.84
2.44
2.63
2.9
3.18
3.26
3.14
3.55
7.88
4.38
3.79
3.92
3.14
2.81
2.06
2.02
1.93
Tangible Book Value per Share
1,802
1,835
1,826
1,843
1,814
1,804
1,800
1,818
3,893
3,941
4,298
3,584
4,303
4,310
4,314
4,273
4,320
Basic Weighted Avg Shares
2,744
5,541
7,945
10,179
9,041
13,725
18,025
14,042
22,169
33,795
38,445
42,614
39,579
36,783
35,791
30,892
32,593
Sales/Revenue/Turnover
18.49
18.17
12.22
12.86
16.06
8.25
15.24
20.59
23.76
21.48
16.84
16.65
12.66
14.35
11.34
16.72
14.64
Operating Margin (%)
95
95
98
109
101
180
187
222
1,195
1,383
1,325
1,405
1,545
1,579
1,514
1,607
- -
Depreciation Expense
577
422
511
535
599
649
720
945
2,063
2,049
-387
108
-2,883
-1,465
-2,977
-2,350
-2,174
Net Income, GAAP
26.15
31.7
32.27
25.05
35.8
28.4
40.31
27.56
29.83
40.52
64.07
73.72
- -
96.09
- -
- -
- -
Effective Tax Rate (%)
21.01
7.62
6.43
5.25
6.62
4.73
4
6.73
9.31
6.06
-1.01
0.25
-7.28
-3.98
-8.32
-7.61
-6.67
Profit Margin (%)
8,122
10,591
11,541
12,329
17,003
23,089
20,534
16,796
37,410
48,520
51,276
54,260
54,090
49,191
43,767
33,570
35,028
Working Capital
4,619
6,027
6,501
6,783
11,615
16,691
16,803
14,146
46,680
53,017
53,323
51,382
59,287
51,100
49,995
49,038
51,659
LT Debt
6,680
7,118
7,713
8,970
10,665
11,235
11,288
11,745
35,706
42,519
45,646
52,091
47,504
46,095
41,554
35,687
34,554
Total Equity
4.78
4.05
3.38
3.94
3.08
2.6
3.45
4.29
5.03
3.05
0.9
0.6
- -
0.1
- -
- -
- -
Return on Invested Capital (%)
5.26
2.07
3.14
2.26
1.99
2.2
1.37
2.26
1.91
2.13
-0.91
0.02
- -
-2.43
- -
- -
- -
Return on Capital (%)
10.23
8.76
10.93
10.39
10.51
10.72
11.98
15.1
18.69
11.77
-2.05
0.58
-16.84
-10.02
-24.36
-22.52
-21.51
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,784
15,376
16,654
LT Borrowings
48,624
50,744
51,267
LT Finance Leases
414
413
392
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,286
4,286
4,286
Market Capitalization
12,087
12,473
9,087

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
100,232
95,100
94,113
Cash, Cash Equivalents & STI
20,075
19,219
20,262
Accounts Receivable, Net
401
500
498
Inventories
60,472
56,404
54,639
Total Current Liabilities
66,662
59,719
59,085
Payables & Accruals
- -
- -
- -
ST Debt
14,784
15,376
16,654
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.33%
-4.33%
-14.12%
Free Cash Flow
-13.86%
46.34%
-54.34%
Net Income, GAAP
-283.54%
-575.25%
-21.05%
Sales/Revenue/Turnover
11.36%
-3.95%
-13.69%
Total Cash Common Dividend
12.54%
-12.7%
-26.06%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,867
12,215
4,395
15,314
35,791
2025
5,113
10,118
- -
10,245
30,892
2026
7,502
4,728
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
-0.06
-0.05
-0.56
-0.69
2025
-0.06
0.09
- -
-0.42
-0.55
2026
-0.05
-0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
0.14
0.18
0.18
0.78
2025
0.17
0.13
- -
0.11
0.58
2026
0.16
0.11
- -
- -
- -
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Business
Grandjoy Holdings Group Co., Ltd. (000031.SZ) engages in real estate development, operation, sales, leasing, and management primarily in China, focusing on residential, commercial, and industrial properties; office buildings; hotels; and long-renting apartments. The company offers core commercial products under the Joy City brand, with projects in over 25 cities encompassing 45 developments that emphasize refined operations through offline scene experiences, service systems, membership programs, and big data analytics; residential offerings include the Joy series for multi-level housing needs creating ten life scenarios and the premium One series for enhanced living experiences; and innovative segments feature industrial properties, Le Joy Hotel for business travelers, Joyer Apt. long-renting apartments aligned with housing rental policies, and a 3C intelligent operation system for cross-industry resource integration in technology and health sectors. GRANDJOY operates under a dual-wheel dual-core model of developing and managing assets alongside product and service empowerment, targeting urban upgrades in nearly 40 tier-1 and tier-2 cities such as Beijing, Shanghai, Shenzhen, Chengdu, and Xi'an, with total assets exceeding RMB 200 billion. Founded in 1983 and headquartered in Beijing, the company, affiliated with China Oil & Foodstuffs Corporation (COFCO), listed on the Shenzhen Stock Exchange in 1993 and completed a major asset reorganization in early 2019 to adopt an A-share holding red chip structure, owning Joy City Property Limited (00207.HK). It serves new generation urbanites, middle-class consumers, high-net-worth individuals, and strategic industries through formats covering commerce, residence, industrial real estate, hotels, offices, rental apartments, and property services. Recent developments include the July 2025 grand opening of its flagship Shenzhen Joy City mixed-use complex in Bao'an District following a 15-year urban renewal project with a RMB 20 billion investment and 730,000 square meters of floor area, marking entry into all four tier-1 cities; new mall openings in Nanchang and Shenzhen driving significant shopping center sales growth; and the 2024 launch of a consumption-themed REIT from Chengdu Joy City, the first in southwestern China, to unlock asset value amid a dual strategy of asset-light expansion. In 2024, the company achieved grand openings of five commercial projects including Beijing Jingxi Joy City, Wuxi Jiangnan Joy City, and Guangzhou Huangpu Joy Life, bolstering its 36 operational shopping centers plus eight under development with over 98% occupancy in new sites. Additionally, a subsidiary agreed to acquire the remaining 49% stake in Xi'an Grandjoy Real Estate Development Co., Ltd., and Joy City Property secured land bids in Sanya while reporting RMB 2.749 billion in contracted sales for the first half of 2025.