1. China Stocks

  2. •

    Commercial services

  3. •

    Miscellaneous commercial services
Palm Eco-Town Development Co., Ltd. Class A

Palm Eco-Town Development Co., Ltd. Class A

SSZSE:002431
1.17
CNY
+0.01
(+0.86%)
2.18BMarket Cap
Palm Eco-Town Development Co., Ltd. Class A
SZSE:002431
(Shenzhen Stock Exchange)

Recent

price

1.17

P/E

ratio

- -

div

yld

10.74%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.13
2.16
2.79
3.75
4.35
3.33
2.91
3.63
3.18
1.82
3.27
2.74
2.7
2.24
1.71
1.14
- -
Revenue per Share
0.15
0.24
0.26
0.35
0.37
-0.16
0.09
0.21
0.03
-0.66
0.03
-0.51
-0.44
-0.52
-0.88
-0.67
- -
Basic EPS, GAAP
-0.18
-0.59
-0.49
-0.27
-0.27
-0.52
-0.11
0.11
0.03
-0.28
-0.1
-0.31
0.11
0.01
0.31
- -
- -
Free Cash Flow per Basic Share
0.04
0.03
0.05
0.1
0.18
0.17
0.19
0.25
0.22
0.27
0.29
0.25
0.25
0.22
0.16
0.17
0.13
Dividend per Share
1.44
1.67
1.91
2.24
2.55
3.02
3.1
3.7
3.73
3.07
3.07
2.56
2.32
1.81
0.91
0.23
0.09
Book Value per Share
1.44
1.66
1.87
2.2
2.48
2.44
2.55
3.23
3.63
2.9
3.01
2.5
2.27
1.78
0.83
0.15
0.01
Tangible Book Value per Share
1,148
1,152
1,145
1,146
1,151
1,322
1,343
1,449
1,673
1,487
1,475
1,474
1,571
1,807
1,794
1,777
1,784
Basic Weighted Avg Shares
1,293
2,493
3,193
4,297
5,007
4,401
3,906
5,253
5,329
2,709
4,821
4,046
4,245
4,051
3,065
2,018
- -
Sales/Revenue/Turnover
14.88
14.67
14.37
12.96
13.63
6.5
7.87
12.4
2.91
-13.72
10.54
-0.16
-1.85
0.17
-6.81
-8.64
- -
Operating Margin (%)
7
18
24
28
41
46
45
49
53
57
44
54
71
50
37
34
- -
Depreciation Expense
168
276
298
399
428
-211
121
304
50
-981
44
-752
-691
-940
-1,579
-1,191
- -
Net Income, GAAP
14.92
16.21
16.02
15.34
16.18
- -
18.41
16.1
43.58
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
13.02
11.09
9.32
9.28
8.55
-4.81
3.09
5.79
0.94
-36.23
0.92
-18.58
-16.28
-23.2
-51.52
-59.01
- -
Profit Margin (%)
1,517
1,723
1,995
2,425
2,851
5,056
4,501
1,636
2,957
810
264
-343
-2,122
-2,703
-3,397
-5,381
-5,733
Working Capital
10
8
697
968
1,450
3,056
3,045
1,183
2,112
1,513
545
1,185
632
555
722
20
30
LT Debt
1,664
1,971
2,281
2,688
3,045
4,313
4,544
5,772
5,734
4,739
4,731
4,059
4,417
3,491
1,846
602
343
Total Equity
16.36
13.69
10.72
9.79
8.68
- -
0.49
3.31
0.51
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
17.28
13.29
10.99
11.36
10.54
- -
3.46
5.15
2.45
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
17.47
15.43
14.46
16.7
15.52
-5.96
2.87
6.23
0.91
-19.4
0.97
-17.97
-17.27
-25.11
-63.85
-114.51
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,038
1,914
1,749
LT Borrowings
- -
- -
- -
LT Finance Leases
20
20
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,802
1,802
1,802
Market Capitalization
4,308
5,155
2,181

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,085
10,507
10,431
Cash, Cash Equivalents & STI
903
725
592
Accounts Receivable, Net
1,751
1,263
1,356
Inventories
380
481
484
Total Current Liabilities
16,466
16,028
16,164
Payables & Accruals
- -
- -
- -
ST Debt
2,038
1,914
1,749
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-12.67%
-28.17%
-67.38%
Free Cash Flow
44.95%
380.33%
-100.51%
Net Income, GAAP
-397.67%
-345.65%
-24.59%
Sales/Revenue/Turnover
-2.07%
-14.85%
-34.16%
Total Cash Common Dividend
4.59%
-6.2%
3.37%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
940
641
791
692
3,065
2025
748
877
- -
73
2,018
2026
263
849
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
-0.15
-0.12
-0.55
-0.88
2025
-0.09
-0.06
- -
-0.38
-0.67
2026
-0.07
-0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.03
0.05
0.16
2025
0.03
0.02
- -
0.1
0.17
2026
0.01
0.01
- -
- -
- -
Similar Companies
PayPal Holdings, Inc. (NASDAQ:PYPL)
Shopify Inc. (NASDAQ:SHOP)
Greenland Mines Ltd (NASDAQ:GRML)
Block, Inc. (NYSE:XYZ)
Netcapital Inc. (NASDAQ:NCPL)
Fiserv, Inc. (NASDAQ:FISV)
Business
Palm Eco-Town Development Co., Ltd (002431.SZ) engages primarily in the design, planning, construction, and operation of eco-towns across China, with additional involvement in garden and landscape engineering, smart urban and rural construction, and green urban-rural operation services. The company provides comprehensive solutions including landscape architectural design and specialized engineering for projects such as high-standard farmland construction, ecological corridors, parks, and logistics facilities; its offerings encompass top-level planning, municipal public works,水利 water conservancy projects, and agricultural industrialization initiatives targeting government entities, urban developers, and rural revitalization programs. Founded in 1984 and headquartered in Guangzhou, Guangdong Province, with key operations in Zhengzhou and nationwide presence including Henan and Guangdong provinces, the firm changed its name from Palm Landscape Architecture Co., Ltd. in April 2016 to reflect its expanded eco-town focus. Recent developments include securing multiple large-scale contracts in 2025, such as the RMB 4.33 billion Lankao County high-standard farmland project, RMB 263 million Shengda Logistics Port processing workshops, and RMB 550 million Huangchuan County farmland consortium bid; the company also signed 66 new contracts worth RMB 1.661 billion in Q2 2025 and extended its equity buyback plan through November 4, 2025. It holds prestigious qualifications like first-class contractor licenses for building and municipal engineering, national high-tech enterprise status, and honors including China Services Top 500 and National Science and Technology Progress Award.