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    Real estate development
Winnovation Culturaltainment Development Limited. Class A

Winnovation Culturaltainment Development Limited. Class A

SSZSE:000620
2.83
CNY
+0.06
(+2.17%)
-0.13EPS
20.55BMarket Cap
2013 Y
2014 Y
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
1.64
2.16
2.57
4.02
3.95
7.43
6.36
3.75
4.53
2.77
2.09
0.51
0.29
0.35
Basic EPS, GAAP
0.32
0.26
0.17
0.28
0.45
0.63
0.43
-0.68
-2.05
-1.8
0.19
-0.09
-0.2
-0.11
Free Cash Flow per Basic Share
-2.45
-1.51
-2.6
-0.68
-0.42
0.52
0.62
1.44
1.47
0.2
0.25
-0.04
0.04
- -
Dividend per Share
0.5
0.78
0.59
0.88
1.08
1.04
1.26
0.82
0.6
0.1
0.08
0.01
0.01
0.03
Book Value per Share
2.04
2.2
3.12
3.25
3.45
4.1
4.18
3.49
1.4
-0.39
0.92
0.83
0.64
0.63
Tangible Book Value per Share
2.01
2.16
2.65
2.49
2.55
2.97
2.9
2.35
0.41
-1.35
0.8
0.75
0.57
0.52
Basic Weighted Avg Shares
1,589
1,621
1,809
1,871
1,884
1,883
1,884
1,890
1,899
1,898
1,852
5,924
5,865
5,874
Sales/Revenue/Turnover
2,601
3,501
4,656
7,516
7,441
14,001
11,988
7,084
8,599
5,253
3,875
3,043
1,711
2,062
Operating Margin (%)
16.87
4.95
4.24
8.7
11.66
16.21
17.11
0.35
-4.37
-0.27
-3.6
15.95
-7.54
-8.81
Depreciation Expense
19
43
82
176
297
327
544
711
684
677
650
200
178
- -
Net Income, GAAP
509
421
308
524
848
1,186
810
-1,286
-3,893
-3,416
352
-533
-1,173
-660
Effective Tax Rate (%)
28.02
28.79
26.41
35.58
26.6
34.13
36.31
- -
- -
- -
67.78
- -
- -
- -
Profit Margin (%)
19.55
12.04
6.6
6.97
11.39
8.47
6.76
-18.15
-45.27
-65.03
9.08
-17.52
-68.57
-32
Working Capital
7,830
6,742
10,239
14,079
12,650
5,573
5,076
-1,779
-5,849
-11,701
2,791
2,238
1,353
1,246
LT Debt
6,612
8,308
12,170
19,237
18,250
15,216
16,663
11,703
9,330
5,262
1,349
1,175
1,158
1,194
Total Equity
3,530
3,750
6,790
6,967
8,303
9,980
9,719
8,339
4,338
845
5,984
5,336
4,153
4,029
Return on Invested Capital (%)
5.25
2.22
0.9
1.62
2.54
3.54
2.46
- -
- -
- -
2.42
- -
- -
- -
Return on Capital (%)
5.98
3.43
2.36
2.56
4.36
4.81
4.12
- -
- -
- -
9.27
- -
- -
- -
Return on Common Equity (%)
16.17
12.44
6.52
8.67
13.34
16.57
10.32
-17.69
-84.02
- -
- -
-10.39
-27.05
-15.42

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
843
875
830
LT Borrowings
1,106
1,106
1,142
LT Finance Leases
52
51
52
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,872
5,872
5,872
Market Capitalization
15,736
16,617
20,551

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,566
6,388
4,995
Cash, Cash Equivalents & STI
1,009
732
487
Accounts Receivable, Net
237
230
160
Inventories
4,202
4,223
3,236
Total Current Liabilities
5,213
5,126
3,749
Payables & Accruals
- -
- -
- -
ST Debt
843
875
830
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
47.23%
89.42%
-22.18%
Free Cash Flow
-59.55%
-82.6%
-199.34%
Net Income, GAAP
-16.95%
-10.24%
120.03%
Sales/Revenue/Turnover
-1.57%
-21.8%
-43.78%
Total Cash Common Dividend
-11.48%
-34.97%
19.32%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
805
770
689
779
3,043
2025
296
476
- -
542
1,711
2026
290
754
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
-0.11
-0.09
2025
-0.02
-0.01
- -
-0.12
-0.2
2026
-0.02
0.03
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.01
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gengyu Wang
Full Time Employees
2,362
Sector
Finance
Industry
Real estate development
Address
Yingxin Development Building, A16 Xibahe Dongli, Chaoyang District Beijing BE China 100028
IPO Date
Oct 29, 1996
Website
xhlwl.com.cn
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Business
Winnovation Culturaltainment Development Limited (000620.SZ) engages primarily in real estate development and cultural tourism operations in China. The company develops and sells residential and commercial properties; operates cultural and tourism scenic spots including museums, cultural performances, entertainment and experience centers, and high-end hotels such as the Tongguankil National Style Park in Hunan Province; provides construction contracting, hotel and business management, property services, travel agency services, tourism services, planning and design; and pursues technology integration initiatives. It serves domestic markets with a focus on scenic spot development, real estate projects, and tourism infrastructure, operating mainly in regions including Beijing, Shanghai, Tianjin, Anhui, Qinghai, Ningxia, and Hunan. Founded in 1993 and headquartered in Beijing, the company is a subsidiary of Macrolink Holding Co., Ltd. In June 2025, it changed its name from Macrolink Culturaltainment Development Co., Ltd. to Winnovation Culturaltainment Development Limited to align with its strategic evolution toward a real estate-cultural tourism-technology ecosystem. Recent developments include plans announced in October 2025 to acquire an 81.8% stake in Guangdong Changxing Semiconductor through a cash transaction, marking a major expansion into the semiconductor sector; establishment of Shenzhen Yingxin Digital Science Embodied Intelligence Co., Ltd. in April 2025 to explore AI applications in intelligent scenic spots, smart property management, and business-finance analytics; and a management reshuffle with Wang Gengyu succeeding as chairman to drive industry collaborations and asset injections.