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    Real estate development
China Merchants Property Operation & Service Company Limited Class A

China Merchants Property Operation & Service Company Limited Class A

SSZSE:001914
8.70
CNY
-0.02
(-0.23%)
0.71EPS
11.93P/E
8.60BMarket Cap
Oct 30Next Earn
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
9.33
9.33
8.27
9.49
8.84
9.98
8.68
8.16
9.99
12.28
14.74
16.2
18.21
18.74
Basic EPS, GAAP
0.7
0.74
0.6
0.24
0.23
1.28
0.41
0.41
0.48
0.56
0.69
0.79
0.62
0.68
Free Cash Flow per Basic Share
-2.23
-4.13
0.75
2.69
3.33
1.71
0.45
0.9
0.65
0.91
1.68
1.71
1.53
- -
Dividend per Share
0.91
1.52
1.56
1.12
0.88
0.73
0.59
0.28
0.24
0.21
0.2
0.26
0.28
0.04
Book Value per Share
4.86
5.26
5.93
6.12
6.26
7.26
7.53
7.83
8.17
8.63
9.2
9.85
10.18
10.39
Tangible Book Value per Share
4.83
5.23
5.92
6.1
6.25
7.24
5.09
5.39
5.73
5.59
6.17
6.82
7.13
7.34
Basic Weighted Avg Shares
667
667
667
667
667
667
700
1,060
1,060
1,060
1,060
1,060
1,058
1,054
Sales/Revenue/Turnover
6,225
6,226
5,519
6,329
5,893
6,656
6,078
8,651
10,591
13,024
15,627
17,172
19,273
19,745
Operating Margin (%)
13.26
9.31
6.31
3.7
8.26
8.47
10.74
8.8
8.74
7.51
6.47
6.98
6.64
7.1
Depreciation Expense
26
24
26
25
34
31
29
36
60
70
86
79
69
- -
Net Income, GAAP
467
492
401
161
151
857
286
437
513
594
736
840
655
721
Effective Tax Rate (%)
32.6
29.81
38.79
53.63
113.36
32.75
33.94
34.66
39.35
30.77
20.44
23.65
30.76
29.53
Profit Margin (%)
7.5
7.91
7.27
2.55
2.56
12.87
4.71
5.06
4.84
4.56
4.71
4.89
3.4
3.65
Working Capital
4,545
4,510
2,617
2,886
1,489
1,763
1,776
-215
1,227
2,433
1,238
2,293
2,263
2,208
LT Debt
4,923
5,351
6,373
6,682
4,127
4,113
3,436
1,206
2,196
2,292
427
747
377
71
Total Equity
4,113
4,155
4,695
4,728
4,599
4,883
8,002
8,282
8,575
9,311
9,910
10,600
10,858
11,106
Return on Invested Capital (%)
3.72
3.59
2.27
0.84
-0.3
7.51
2.39
3.34
3.96
4.93
6.09
7.33
5.75
6.33
Return on Capital (%)
6.34
5.92
4.46
2.67
2.18
10.45
4.29
5
5.84
6.09
6.78
7.18
5.81
6
Return on Common Equity (%)
15.16
14.59
10.75
4.02
3.65
19
4.46
5.37
6.05
6.66
7.78
8.32
6.18
6.68

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
225
223
546
LT Borrowings
317
317
- -
LT Finance Leases
61
67
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,054
1,054
1,054
Market Capitalization
11,254
10,274
8,598

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,278
10,187
10,826
Cash, Cash Equivalents & STI
5,623
3,577
4,062
Accounts Receivable, Net
2,441
4,214
4,339
Inventories
1,044
1,028
1,021
Total Current Liabilities
8,015
7,664
8,619
Payables & Accruals
- -
- -
- -
ST Debt
225
223
546
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.95%
5.59%
2.43%
Free Cash Flow
45.6%
17.7%
-10.43%
Net Income, GAAP
43.76%
9.81%
-22.12%
Sales/Revenue/Turnover
14.19%
17.5%
12.23%
Total Cash Common Dividend
-10.39%
1.38%
9.12%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,725
4,114
4,321
5,012
17,172
2025
4,465
4,642
- -
5,332
19,273
2026
4,770
5,002
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.23
0.17
0.21
0.79
2025
0.21
0.24
- -
-0.03
0.62
2026
0.22
0.25
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.01
0.18
0.01
0.26
2025
0.01
0.01
- -
0.02
0.28
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhi Heng Chen
Full Time Employees
41,450
Sector
Finance
Industry
Real estate development
Address
Nanguang Building Shenzhen GD China 518031
IPO Date
Sep 28, 1994
Website
cmpo1914.com
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Business
China Merchants Property Operation & Service Co., Ltd. (001914.SZ) provides comprehensive property management, asset management, and related services as a leading platform enterprise under China Merchants Group; it develops and manages real estate properties including residential communities, commercial complexes, government facilities, corporate headquarters, public properties, and high-end residential units; core offerings encompass facility management, equipment maintenance, customer integration services, housing renovation, real estate brokerage, housing loans, consulting, cleaning, security, landscaping, and smart property management systems. Founded in 1985 and headquartered in Shenzhen, China, the company operates primarily across mainland China, managing hundreds of projects in major cities and tier-2/3 markets with over 41,000 employees; it targets residential, commercial, industrial, and public sector clients, ranking among China's top property service enterprises with strong market recognition including top-3 comprehensive strength and leading satisfaction awards in 2024-2025. In December 2019, the company reorganized from its former name AVIC SUNDA Holding Company Limited to focus on property operations; it has pursued strategic expansions through acquisitions such as a regional firm for RMB 800 million in 2021 and ongoing investments in technology like RMB 500 million for smart systems in 2022 alongside green building and sustainability initiatives reducing carbon emissions; recent activities include accelerated share buybacks announced in April 2025 as part of China Merchants Group's efforts and continued growth in managed area exceeding 100 million square meters with diversified revenue from partnerships with real estate developers.