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    Real estate development
Hangzhou Binjiang Real Estate Group Co., Ltd. Class A

Hangzhou Binjiang Real Estate Group Co., Ltd. Class A

SSZSE:002244
9.25
CNY
-0.06
(-0.64%)
1.12EPS
11.01P/E
23.65BMarket 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
3.83
4.4
4.66
6.4
4.43
6.77
7.95
9.21
12.17
13.31
22.56
22.27
26.63
23.26
Basic EPS, GAAP
0.52
0.31
0.37
0.46
0.55
0.39
0.52
0.75
0.97
1.2
0.81
0.82
0.68
0.69
Free Cash Flow per Basic Share
0.13
-0.5
2.96
4.31
1.08
-4.48
0.83
-1.04
0.26
1.63
10.4
2.46
-1.38
- -
Dividend per Share
0.3
0.31
0.26
0.16
0.15
0.39
0.54
0.81
1.06
1.09
0.88
0.68
0.42
0.41
Book Value per Share
2.69
2.94
3.24
4.11
4.59
4.91
5.32
5.9
6.61
7.56
8.13
8.85
9.47
9.86
Tangible Book Value per Share
2.64
2.9
3.2
4.07
4.54
4.86
5.27
5.86
6.57
7.52
8.09
8.81
9.43
9.83
Basic Weighted Avg Shares
2,712
2,674
2,710
3,041
3,112
3,121
3,137
3,104
3,121
3,118
3,122
3,105
3,112
3,113
Sales/Revenue/Turnover
10,382
11,759
12,618
19,452
13,774
21,115
24,955
28,597
37,976
41,502
70,443
69,152
82,888
72,426
Operating Margin (%)
17.25
11.53
19.04
15.35
19.34
27.55
23.93
19.21
18.83
12
12.31
9.59
10.32
10.49
Depreciation Expense
118
121
146
159
121
113
210
190
350
420
499
632
714
- -
Net Income, GAAP
1,410
829
1,003
1,399
1,711
1,217
1,631
2,328
3,027
3,742
2,529
2,546
2,116
2,149
Effective Tax Rate (%)
26.1
30.59
27.41
30
21.07
25.68
26.47
25.89
26.96
26.48
43.37
36.11
41.13
39.33
Profit Margin (%)
13.58
7.05
7.95
7.19
12.43
5.76
6.54
8.14
7.97
9.02
3.59
3.68
2.55
2.97
Working Capital
11,727
11,647
13,798
16,880
17,302
33,974
34,761
44,589
48,159
66,625
55,500
47,436
43,596
42,330
LT Debt
5,183
4,533
6,202
6,099
7,551
20,996
21,505
31,043
31,874
39,043
28,106
27,079
26,021
22,779
Total Equity
8,488
9,210
10,935
15,733
16,360
19,321
22,600
28,045
37,387
52,718
58,455
51,553
49,123
53,263
Return on Invested Capital (%)
8.24
4.54
8.52
9.45
9.37
8.9
8.12
5.85
6.51
4.16
2.79
4.14
4.34
4.17
Return on Capital (%)
8.35
5.89
3.75
4.72
5.51
-0.34
-0.02
3
2.34
4.75
2.6
1.91
1.14
1.42
Return on Common Equity (%)
21.23
10.88
11.99
12.98
12.64
8.24
10.25
13.33
15.55
16.96
10.36
9.64
7.43
7.26

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,461
6,336
6,075
LT Borrowings
26,010
26,429
22,769
LT Finance Leases
11
9
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,111
3,111
3,111
Market Capitalization
31,270
30,368
23,647

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
175,966
171,092
158,377
Cash, Cash Equivalents & STI
31,261
28,952
30,643
Accounts Receivable, Net
464
417
390
Inventories
112,745
109,542
95,817
Total Current Liabilities
132,370
124,033
116,048
Payables & Accruals
- -
- -
- -
ST Debt
6,461
6,336
6,075
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.57%
13.74%
-4.71%
Free Cash Flow
-15%
143.75%
-156.32%
Net Income, GAAP
11.47%
1.01%
-16.87%
Sales/Revenue/Turnover
24.09%
25.97%
19.86%
Total Cash Common Dividend
16.75%
-9.3%
-38.44%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,701
10,500
16,583
28,368
69,152
2025
22,508
22,941
- -
17,374
82,888
2026
12,490
19,620
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.16
0.15
0.29
0.82
2025
0.31
0.28
- -
-0.09
0.68
2026
0.26
0.24
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.12
0.33
0.07
0.68
2025
0.08
0.11
- -
0.1
0.42
2026
0.1
0.11
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hong Li Zhang
Full Time Employees
1,519
Sector
Finance
Industry
Real estate development
Address
38 Qingchun East Road Hangzhou ZH China 310016
IPO Date
May 30, 2008
Website
binjiang.com.cn
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Business
Hangzhou Binjiang Real Estate Group Co., Ltd. develops and sells residential properties, commercial real estate, and urban infrastructure projects in China. The company offers property development services including commodity residences, office buildings, hotels, and commercial complexes; leasing of office buildings, commercial podiums, community ground-floor shops, and apartments; property management services; hotel operations; commercial property leasing and investment; long-term apartment rentals; elderly care services under the Hejiakang brand; and urban infrastructure such as roads, bridges, and public transportation systems. It operates primarily in the Yangtze River Delta region, with key markets in Hangzhou, Jinhua, Ningbo, Nanjing, Huzhou, Wenzhou, Lishui, Taizhou, Jiaxing, Suzhou, and select overseas locations. Founded in 1992 and headquartered at 38 Qingchun East Road, Hangzhou, Zhejiang Province, China, the company holds first-level development qualifications from the Ministry of Construction and ranks among China's top 500 private enterprises and top 20 real estate firms. In 2024, Hangzhou Binjiang achieves full-year sales of 111.6 billion yuan, placing ninth on the Kerui national real estate sales list, and secures multiple land parcels including three prime sites in Hangzhou's annual land auctions. The company acquires land use rights for residential sites valued at 1.53 billion yuan in July 2025 and two additional parcels for 24.6 billion yuan in November 2025, while expanding into eco-friendly projects, smart building technologies, and the affordable housing segment amid a robust project pipeline. It maintains stable cooperation with affiliate Binjiang Service Group for property management and reports H1 2025 net profit growth of 40-70% year-over-year.