Announcement • Apr 29
Rongan Property Co.,Ltd., Annual General Meeting, May 20, 2026 Rongan Property Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:45 China Standard Time. Location: 20F, No. 700, Tiantong South Road, Yinzhou District, Ningbo, Zhejiang China Announcement • Mar 31
Rongan Property Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Rongan Property Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Rongan Property Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Rongan Property Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Buy Or Sell Opportunity • Nov 12
Now 20% undervalued Over the last 90 days, the stock has risen 9.8% to CN¥2.12. The fair value is estimated to be CN¥2.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.032 loss per share (vs CN¥0.046 loss in 3Q 2024) Third quarter 2025 results: CN¥0.032 loss per share (improved from CN¥0.046 loss in 3Q 2024). Revenue: CN¥644.4m (down 80% from 3Q 2024). Net loss: CN¥100.7m (loss narrowed 31% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Rongan Property Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Rongan Property Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 22
Rongan Property Co.,Ltd.(XSEC:000517) dropped from FTSE All-World Index (USD) Rongan Property Co.,Ltd.(XSEC:000517) dropped from FTSE All-World Index (USD) Announcement • Jul 02
Rongan Property Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Rongan Property Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 29
Rongan Property Co.,Ltd., Annual General Meeting, May 23, 2025 Rongan Property Co.,Ltd., Annual General Meeting, May 23, 2025, at 14:45 China Standard Time. Announcement • Mar 31
Rongan Property Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Rongan Property Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Rongan Property Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Rongan Property Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Announcement • Sep 30
Rongan Property Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Rongan Property Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 26
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 7.1% 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: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.26, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 32x in the Real Estate industry in China. Total returns to shareholders of 21% over the past three years. Announcement • Aug 21
Rongan Property Co.,Ltd. Announces Cash Dividend on Share A for the Year 2023, Payable on August 27, 2024 Rongan Property Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 3.20000000 on share A for the year 2023. Record date: 26 August 2024, Ex-date: 27 August 2024, Payment date: 27 August 2024. Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to CN¥2.65. The fair value is estimated to be CN¥2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 51%. Buy Or Sell Opportunity • Jul 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to CN¥2.75. The fair value is estimated to be CN¥2.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 51%. Buy Or Sell Opportunity • Jul 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥2.82. The fair value is estimated to be CN¥2.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 51%. Announcement • Jun 29
Rongan Property Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Rongan Property Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Jun 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥2.78. The fair value is estimated to be CN¥2.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 51%. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥2.93, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 32x in the Real Estate industry in China. Total returns to shareholders of 25% over the past three years. Buy Or Sell Opportunity • May 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to CN¥2.53. The fair value is estimated to be CN¥2.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has declined by 41%. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥7.69b (up 48% from 1Q 2023). Net income: CN¥408.4m (down 37% from 1Q 2023). Profit margin: 5.3% (down from 13% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Rongan Property Co.,Ltd., Annual General Meeting, Jun 28, 2024 Rongan Property Co.,Ltd., Annual General Meeting, Jun 28, 2024, at 14:45 China Standard Time. Location: 20F, No. 700, Tiantong South Road, Yinzhou District, Ningbo, Zhejiang China Announcement • Mar 30
Rongan Property Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Rongan Property Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥2.55, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 21x in the Real Estate industry in China. Total returns to shareholders of 11% over the past three years. Buy Or Sell Opportunity • Jan 25
Now 23% overvalued Over the last 90 days, the stock has fallen 10% to CN¥2.49. The fair value is estimated to be CN¥2.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 35%. Announcement • Dec 29
Rongan Property Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Rongan Property Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 3.4% 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 3.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (141% payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Announcement • Sep 30
Rongan Property Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Rongan Property Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.064 (vs CN¥0.061 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.064 (up from CN¥0.061 in 2Q 2022). Revenue: CN¥5.35b (up 119% from 2Q 2022). Net income: CN¥203.6m (up 5.1% from 2Q 2022). Profit margin: 3.8% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Jul 14
High number of new directors Independent Director Guo Qing Yan was the last director to join the board, commencing their role in 2023. Announcement • Jul 14
Rongan Property Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 20, 2023 Rongan Property Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.20000000 on A shares for the year 2022. Record date is July 19, 2023. Ex-date is July 20, 2023. Payment date is July 20, 2023. Announcement • Jul 04
Rongan Property Co.,Ltd. Announces Executive Appointments Rongan Property Co.,Ltd. at its EGM held on 30 June 2023 company appointed Yan Guoqing as independent director and Shi Minbo; Zhou Junshuai as non-employee supervisors. Announcement • May 25
Rongan Property Co.,Ltd. Approves 2022 Profit Distribution Plan Rongan Property Co.,Ltd. held its Annual General Meeting of 2022 on 22 May 2023, approved 2022 profit distribution plan. The detailed profit distribution plan are as follows: Cash dividend/10 shares (tax included): CNY 3.20000000. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.34 in FY 2021) Full year 2022 results: EPS: CN¥0.20 (down from CN¥0.34 in FY 2021). Revenue: CN¥14.2b (down 22% from FY 2021). Net income: CN¥630.9m (down 42% from FY 2021). Profit margin: 4.5% (down from 6.0% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.076 (vs CN¥0.006 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.076 (up from CN¥0.006 in 3Q 2021). Revenue: CN¥3.96b (up 60% from 3Q 2021). Net income: CN¥241.5m (up CN¥223.7m from 3Q 2021). Profit margin: 6.1% (up from 0.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.061 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.061 (down from CN¥0.18 in 2Q 2021). Revenue: CN¥2.44b (down 57% from 2Q 2021). Net income: CN¥193.7m (down 66% from 2Q 2021). Profit margin: 7.9% (down from 9.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Announcement • May 26
Rongan Property Co.,Ltd. Approves Cash Dividend for the Year 2021 Rongan Property Co.,Ltd. announced that at its Annual General Meeting held on 23 May 2022, approved cash dividend/10 shares (tax included) of CNY 1.60000000 for the year 2021. Announcement • May 08
Rongan Property Co.,Ltd. Proposes Final Cash Dividend for the Year of 2021 Rongan Property Co.,Ltd. proposed final cash dividend of CNY 1.60000000 per 10 shares (tax included), for the year of 2021. Announcement • May 07
Rongan Property Co.,Ltd., Annual General Meeting, May 23, 2022 Rongan Property Co.,Ltd., Annual General Meeting, May 23, 2022, at 14:45 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider authorization to purchase of wealth management products with short-term idle funds; and to consider election of supervisors. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥3.39, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 18x in the Real Estate industry in China. Total returns to shareholders of 6.9% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.051 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.051 in 1Q 2021). Revenue: CN¥3.83b (up 13% from 1Q 2021). Net income: CN¥493.9m (up 206% from 1Q 2021). Profit margin: 13% (up from 4.8% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥3.08, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 16x in the Real Estate industry in China. Total loss to shareholders of 9.6% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥3.11, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 14x in the Real Estate industry in China. Total returns to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥2.85, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Real Estate industry in China. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥2.79, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Dec 13
Rongan Property Co.,Ltd.(XSEC:000517) dropped from FTSE All-World Index (USD) Rongan Property Co.,Ltd.(XSEC:000517) dropped from FTSE All-World Index (USD) Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.005 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.48b (up 206% from 3Q 2020). Net income: CN¥17.8m (up 11% from 3Q 2020). Profit margin: 0.7% (down from 2.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.22 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: CN¥5.71b (up 108% from 2Q 2020). Net income: CN¥561.7m (down 19% from 2Q 2020). Profit margin: 9.8% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 14
Rongan Property Co.,Ltd. Announces Profit Distribution for 2020, Payable on May 19, 2021 Rongan Property Co.,Ltd. announced the profit distribution for 2020 as follows: Cash dividend per 10 shares (tax included) of CNY 0.35000000. Record date: 18 May 2021. Ex-date: 19 May 2021. Payment date: 19 May 2021. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.051 (vs CN¥0.006 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.38b (up CN¥2.88b from 1Q 2020). Net income: CN¥161.3m (up CN¥141.6m from 1Q 2020). Profit margin: 4.8% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.55 (vs CN¥0.59 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥11.2b (up 68% from FY 2019). Net income: CN¥1.74b (down 7.7% from FY 2019). Profit margin: 16% (down from 28% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥3.25 The company is up 13% from a price of CN¥2.88 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the Real Estate industry, which is down 5.0% over the same period. Announcement • Feb 20
Rongan Property Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021 Rongan Property Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥2.59 The company is down 3.0% from its price of CN¥2.67 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 12% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: CN¥3.27 The company is up 9.0% from its price of CN¥3.01 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥2.57 The company is down 5.0% from its price of CN¥2.70 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 11% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.97b, up 128% from the prior year. Total revenue was CN¥8.20b over the last 12 months, up 96% from the prior year. Announcement • Aug 10
Rongan Property Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Rongan Property Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 Announcement • Jul 21
Ningbo Xiang’an Enterprise Management Co., Ltd. signed a share transfer agreement to acquire Ningbo Rongan Property Service Co., Ltd. from Rongan Property Co.,Ltd. (SZSE:000517) and Ningbo Rongan Real Estate Development Co., Ltd for CNY 31.3 million. Ningbo Xiang’an Enterprise Management Co., Ltd. signed a share transfer agreement to acquire Ningbo Rongan Property Service Co., Ltd. from Rongan Property Co.,Ltd. (SZSE:000517) and Ningbo Rongan Real Estate Development Co., Ltd for CNY 31.3 million on July 16, 2020. Ningbo Xiang’an Enterprise Management Co., Ltd. will pay CNY 21.889 million to Rongan Property Co.,Ltd. and will pay CNY 9.381 million to Ningbo Rongan Real Estate Development Co., Ltd. Ningbo Xiang’an Enterprise Management Co., Ltd. agrees to pay CNY 7 million o Rongan Property Co.,Ltd. and CNY 3 million to Ningbo Rongan Real Estate Development Co., Ltd respectively within 10 days from the date of entry into force of this contract; within 10 days after completing the equity change business registration, Ningbo Xiang’an Enterprise Management Co., Ltd. shall pay the remaining price of CNY 14.889 million to Rongan Property Co.,Ltd. and pay the remaining price of CNY 6,381,000 to Ningbo Rongan Real Estate Development Co., LtdAs on December 31, 2019, Ningbo Rongan Property Service Co., Ltd. had total assets of CNY 83.5 million, net assets of CNY 35.6 million and for the year ending December 31, 2019, Ningbo Rongan Property Service Co., Ltd. had operating revenue of CNY 118.7 million, operating profit of CNY 32.6 million, net profit of CNY 27.8 million. 