Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.15, the stock trades at a trailing P/E ratio of 66.9x. Average trailing P/E is 41x in the Real Estate industry in China. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥4.22, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 40x in the Real Estate industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Jun 30
Greattown Holdings Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Greattown Holdings Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to CN¥4.81. The fair value is estimated to be CN¥6.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 53% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 14% in the next year. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.002 (vs CN¥0.002 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.002 (in line with 1Q 2025). Revenue: CN¥362.0m (down 46% from 1Q 2025). Net income: CN¥4.67m (up 21% from 1Q 2025). Profit margin: 1.3% (up from 0.6% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 2.2% decline forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Greattown Holdings Ltd., Annual General Meeting, May 29, 2026 Greattown Holdings Ltd., Annual General Meeting, May 29, 2026, at 14:30 China Standard Time. Location: 3F, No. 2588, Yan'an West Road, Changning District, Shanghai China Announcement • Mar 30
Greattown Holdings Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Greattown Holdings Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 26
Greattown Holdings Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Greattown Holdings Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (0% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.65 (vs CN¥0.037 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.65 (up from CN¥0.037 in 3Q 2024). Revenue: CN¥348.8m (down 87% from 3Q 2024). Net income: CN¥224.1m (up 157% from 3Q 2024). Profit margin: 64% (up from 3.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Greattown Holdings Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Greattown Holdings Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.08 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.007 (down from CN¥0.08 in 2Q 2024). Revenue: CN¥914.9m (up 3.2% from 2Q 2024). Net income: CN¥29.5m (down 84% from 2Q 2024). Profit margin: 3.2% (down from 21% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Jun 30
Greattown Holdings Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Greattown Holdings Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.002 (vs CN¥0.017 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.002 (up from CN¥0.017 loss in 1Q 2024). Revenue: CN¥674.0m (up 95% from 1Q 2024). Net income: CN¥3.87m (up CN¥44.3m from 1Q 2024). Profit margin: 0.6% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 26
Greattown Holdings Ltd., Annual General Meeting, May 20, 2025 Greattown Holdings Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: 3F, No. 2588, Yan'an West Road, Changning District, Shanghai China Announcement • Mar 28
Greattown Holdings Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Greattown Holdings Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Greattown Holdings Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Greattown Holdings Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Announcement • Sep 30
Greattown Holdings Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Greattown Holdings Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Jun 28
Greattown Holdings Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Greattown Holdings Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.017 loss per share (vs CN¥0.044 profit in 1Q 2023) First quarter 2024 results: CN¥0.017 loss per share (down from CN¥0.044 profit in 1Q 2023). Revenue: CN¥345.8m (down 77% from 1Q 2023). Net loss: CN¥40.5m (down 140% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.072 in FY 2022) Full year 2023 results: EPS: CN¥0.09 (up from CN¥0.072 in FY 2022). Revenue: CN¥11.7b (up 59% from FY 2022). Net income: CN¥222.6m (up 30% from FY 2022). Profit margin: 1.9% (down from 2.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 16
Greattown Holdings Ltd., Annual General Meeting, May 23, 2024 Greattown Holdings Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: 3F, No. 2588, Yan'an West Road, Changning District, Shanghai China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.73, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 23x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Announcement • Mar 29
Greattown Holdings Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Greattown Holdings Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.53, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the Real Estate industry in China. Total loss to shareholders of 31% over the past three years. Buy Or Sell Opportunity • Feb 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥2.79. The fair value is estimated to be CN¥3.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 29
Greattown Holdings Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Greattown Holdings Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Announcement • Jun 28
Greattown Holdings Ltd. to Report Q2, 2023 Results on Aug 21, 2023 Greattown Holdings Ltd. announced that they will report Q2, 2023 results on Aug 21, 2023 Announcement • Dec 19
Greattown Holdings Ltd.(XSSC:600094) dropped from S&P Global BMI Index Greattown Holdings Ltd.(XSSC:600094) dropped from S&P Global BMI Index Announcement • Dec 12
Greattown Holdings Ltd.(XSSC:600094) dropped from FTSE All-World Index (USD) Greattown Holdings Ltd.(XSSC:600094) dropped from FTSE All-World Index (USD) Announcement • Dec 10
Greattown Holdings Ltd. announced that it expects to receive CNY 3 billion in funding from Mingcheng Holding Group Co., Ltd. and other investors Greattown Holdings Ltd. announced a private placement to issue not more than 600,000,000 shares for an aggregate gross proceeds of not more than CNY 3,000,000,000 on December 8, 2022. The company announced a share subscription agreement with the investor. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors including returning investor, Mingcheng Holding Group Co., Ltd. for 110,000,000 shares, individual investors, Yu Peiti for 100,000,000 shares and Yu Kai for 90,000,000 shares. The shares to be issued shall have a hold period of 36 months from closing of the transaction and the shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 24th meeting of the company’s 8th directorate, and 18th Meeting of the 8th Supervisory Board and approved authorizing the company’s directorate for the transaction. The transaction is still subject to approval from shareholders and the China Securities Regulatory Commission. Announcement • Jul 19
Greattown Holdings Ltd. (SHSE:900940) announces an Equity Buyback for CNY 200 million worth of its shares. Greattown Holdings Ltd. (SHSE:900940) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 worth of its Class A shares. The shares will be repurchased at a price not more than CNY 5.52 per share. The purpose of the program is to maintain the company's value and shareholders' rights and interests. The repurchases will be funded using the company's own funds. The shares repurchased will be used for cancellation and sale, and the amount of shares intended to be used for cancellation of registered capital reduction and for sale in the secondary market shall not exceed half of the total amount of shares repurchased this time. The program will be valid for 3 months. Announcement • Apr 06
Greattown Holdings Ltd. (SHSE:900940) announces an Equity Buyback for CNY 400 million worth of its shares. Greattown Holdings Ltd. (SHSE:900940) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 400 worth of its Class A shares. The shares will be repurchased at a price not more than CNY 5.76 per share. The purpose of the program is to maintain the company's value and shareholders' rights and interests. The repurchases will be funded using the company's own funds. The shares repurchased will be used for cancellation and sale, and the amount of shares intended to be used for cancellation of registered capital reduction and for sale in the secondary market shall not exceed half of the total amount of shares repurchased this time. The program will be valid for 3 months. Announcement • Oct 28
Greattown Holdings Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Greattown Holdings Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 17
Greattown Holdings Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Greattown Holdings Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
