Declared Dividend • May 20
Final dividend of HK$0.088 announced Shareholders will receive a dividend of HK$0.088. Ex-date: 2nd July 2026 Payment date: 31st July 2026 Dividend yield will be 39%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 30
Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2026 Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2026. Aankondiging • Mar 17
Tianjin Development Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Tianjin Development Holdings Limited announced that they will report fiscal year 2025 results at 9:30 AM, China Standard Time on Mar 30, 2026 Aankondiging • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Tianjin Development Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • Jun 19
Tianjin Development Holdings Limited Declares Final Dividend for the Year Ended December 31, 2024 Tianjin Development Holdings Limited in its AGM held on June 19, 2025 declared a final dividend of HKD 8.82 cents per share for the year ended 31 December 2024. Aankondiging • Mar 28
Tianjin Development Holdings Limited, Annual General Meeting, Jun 19, 2025 Tianjin Development Holdings Limited, Annual General Meeting, Jun 19, 2025. Aankondiging • Mar 17
Tianjin Development Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Tianjin Development Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Aankondiging • Dec 30
Tianjin Development Holdings Limited Appoints Mr. Xia Binhui as Executive Director and Deputy General Manager The board of directors of Tianjin Development Holdings Limited announced that Mr. Xia Binhui has been appointed as Executive Director and Deputy General Manager of the Company with effect from 30 December 2024. Mr. XIA Binhui, aged 41, graduated from Peking University with a bachelor’s degree in law and obtained a Master's Degree in Economic Law from China University of Political Science and Law. Prior to joining the Company, he has been in various roles including assistant manager of audit department and manager of strategic client department of China Cinda Asset Management Co. Ltd., deputy general manager of HNA Financial Services (Shenzhen) Co. Ltd., executive vice president of Beijing Tunghsu Capital Holding Co. Ltd., senior partner and managing director of Zhongcai Rongshang (Beijing) Capital Management Co. Ltd., deputy general manager (in charge of overall operation) and executive deputy general manager of Tianjin TEDA Asset Operation Management Co. Ltd., a wholly-owned subsidiary of Tianjin TEDA Investment Holding Co. Ltd. Mr. Xia is currently the deputy general manager of Tianjin TEDA Industrial Group Co. Ltd., Tianjin Bohai State-owned Assets Management Co. Ltd. and Tsinlien Group Company Limited ("Tsinlien"), all being controlling shareholders of the Company, as well as a director of certain subsidiaries of Tsinlien. He has extensive experience in corporate operation management, assets revitalization, merger and reorganization, and special assets investment. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.052 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.6%). Reported Earnings • Sep 04
First half 2024 earnings released: EPS: HK$0.27 (vs HK$0.35 in 1H 2023) First half 2024 results: EPS: HK$0.27 (down from HK$0.35 in 1H 2023). Revenue: HK$1.82b (flat on 1H 2023). Net income: HK$288.1m (down 23% from 1H 2023). Profit margin: 16% (down from 20% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Sep 01
First half dividend of HK$0.052 announced Shareholders will receive a dividend of HK$0.052. Ex-date: 23rd September 2024 Payment date: 28th October 2024 Dividend yield will be 33%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 29
Tianjin Development Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 28 October 2024 Tianjin Development Holdings Limited announced interim dividend of HKD 0.0518 per share for the six months ended 30 June 2024. Ex-dividend date is 23 September 2024. Record date is 27 September 2024. Payment date is 28 October 2024. Aankondiging • Aug 20
Tianjin Development Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Tianjin Development Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Aankondiging • Jun 14
Tianjin Development Holdings Limited Approves Final Dividend Tianjin Development Holdings Limited at its annual general meeting held on 13 June 2024, declared a final dividend of 8.80 Hong Kong cents per share. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.088 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (6.1%). Declared Dividend • Mar 29
Final dividend of HK$0.088 announced Shareholders will receive a dividend of HK$0.088. Ex-date: 20th June 2024 Payment date: 29th July 2024 Dividend yield will be 50%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 28
Tianjin Development Holdings Limited, Annual General Meeting, Jun 13, 2024 Tianjin Development Holdings Limited, Annual General Meeting, Jun 13, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: HK$0.59 (vs HK$0.33 in FY 2022) Full year 2023 results: EPS: HK$0.59 (up from HK$0.33 in FY 2022). Revenue: HK$3.34b (down 9.9% from FY 2022). Net income: HK$635.6m (up 78% from FY 2022). Profit margin: 19% (up from 9.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Mar 16
Tianjin Development Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024 Tianjin Development Holdings Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024 New Risk • Mar 05
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 German stocks, typically moving 7.3% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Buy Or Sell Opportunity • Feb 24
Now 24% undervalued Over the last 90 days, the stock has risen 4.9% to €0.17. The fair value is estimated to be €0.22, 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. Earnings per share has grown by 16%. Buying Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.3%. The fair value is estimated to be €0.21, 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. Earnings per share has grown by 16%. Buying Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be €0.21, 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. Earnings per share has grown by 16%. Upcoming Dividend • Sep 18
Upcoming dividend of HK$0.035 per share at 5.8% yield Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (5.5%). Aankondiging • Aug 31
Tianjin Development Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 30 October 2023 Tianjin Development Holdings Limited declared Interim Dividend of HKD 0.0345 per share for the six months ended 30 June 2023. Ex-dividend date is 25 September 2023. Record date is 29 September 2023. Payment date is 30 October 2023. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.35 (vs HK$0.25 in 1H 2022) First half 2023 results: EPS: HK$0.35 (up from HK$0.25 in 1H 2022). Revenue: HK$1.83b (down 6.8% from 1H 2022). Net income: HK$371.5m (up 36% from 1H 2022). Profit margin: 20% (up from 14% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Tianjin Development Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.055 per share at 5.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.7%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.33 (vs HK$0.46 in FY 2021) Full year 2022 results: EPS: HK$0.33 (down from HK$0.46 in FY 2021). Revenue: HK$3.71b (up 4.6% from FY 2021). Net income: HK$358.2m (down 28% from FY 2021). Profit margin: 9.7% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive Chairman of the Board Gang Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 19
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 26 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (5.2%). Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive Chairman of the Board Gang Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.25 (vs HK$0.25 in 1H 2021) First half 2022 results: EPS: HK$0.25 (up from HK$0.25 in 1H 2021). Revenue: HK$1.96b (down 2.6% from 1H 2021). Net income: HK$272.5m (up 3.2% from 1H 2021). Profit margin: 14% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Aug 31
Tianjin Development Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2022, Payable on 28 October 2022 Tianjin Development Holdings Limited declared interim dividend of HKD 0.0345 per share for the six months ended 30 June 2022. Ex-dividend date is 26 September 2022. Record date is 30 September 2022. Payment date is 28 October 2022. Aankondiging • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 Tianjin Development Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Aankondiging • Jun 24
Tianjin Development Holdings Limited Approves Final Dividend Tianjin Development Holdings Limited at its AGM held on 23 June 2022 approved final dividend of HK 5.50 cents per share. Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.4%). In line with average of industry peers (5.3%). Aankondiging • May 20
Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2022 Tianjin Development Holdings Limited, Annual General Meeting, Jun 23, 2022, at 16:00 China Standard Time. Location: at 24th Floor, Admiralty Centre, Tower 1, 18 Harcourt Road Admiralty Hong Kong Agenda: To receive and consider the audited consolidated financial statements, the reports of the directors and independent auditor for the year ended 31 December 2021; to declare a final dividend of HK 5.50 cents per share; to consider re-election of Directors; to re-appoint Messrs. Deloitte Touche Tohmatsu as Independent Auditor and to authorize the Board to fix its remuneration; to grant a general mandate to the Directors to buy back shares not exceeding 10% of the existing total number of shares of the Company in issue; to grant a general mandate to the Directors to allot, issue and deal with additional shares not exceeding 20% of the existing total number of shares of the Company in issue; to extend the general mandate granted to the Directors to allot, issue and deal with shares by the number of shares bought back; and to transact such other business issues. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: HK$0.46 (vs HK$0.28 in FY 2020) Full year 2021 results: EPS: HK$0.46 (up from HK$0.28 in FY 2020). Revenue: HK$3.54b (down 5.5% from FY 2020). Net income: HK$496.9m (up 69% from FY 2020). Profit margin: 14% (up from 7.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: HK$0.46 (vs HK$0.28 in FY 2020) Full year 2021 results: EPS: HK$0.46 (up from HK$0.28 in FY 2020). Revenue: HK$3.54b (down 5.5% from FY 2020). Net income: HK$496.9m (up 69% from FY 2020). Profit margin: 14% (up from 7.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 31
Tianjin Development Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 25 July 2022 Tianjin Development Holdings Limited proposed Final Dividend of HKD 0.055 per share for the year ended 31 December 2021. Record date is 05 July 2022, Ex dividend date is 29 June 2022 and payment date is 25 July 2022. Buying Opportunity • Mar 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be HK$0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% per annum over the last 3 years. Earnings per share has declined by 9.5% per annum over the last 3 years. Upcoming Dividend • Sep 17
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 29 October 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%). Reported Earnings • Sep 01
First half 2021 earnings released: EPS HK$0.25 (vs HK$0.18 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$2.02b (up 41% from 1H 2020). Net income: HK$263.9m (up 37% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 22
Tianjin Development Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021 Tianjin Development Holdings Limited provided earnings guidance for the six months ended June 30, 2021. For the six months, the group expects to record an increase of approximately 130% in its profit attributable to owners of the company for the six months ended 30 June 2021 as compared to the amount of HKD 114,549,000 for the corresponding period last year. Upcoming Dividend • Jun 22
Upcoming dividend of HK$0.048 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 26 July 2021. Trailing yield: 4.3%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.6%). Reported Earnings • Mar 31
Full year 2020 earnings released: EPS HK$0.28 (vs HK$0.30 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: HK$3.75b (down 18% from FY 2019). Net income: HK$294.5m (down 9.9% from FY 2019). Profit margin: 7.9% (up from 7.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 16
Tianjin Development Holdings Limited to Report Fiscal Year 2020 Final Results on Mar 30, 2021 Tianjin Development Holdings Limited announced that they will report fiscal year 2020 final results on Mar 30, 2021 Aankondiging • Oct 17
Tianjin Development Holdings Limited Announces Board Changes The board of directors of Tianjin Development Holdings Limited (the Company) announced that due to change of job positions, Mr. Wang Zhiyong (Mr. Wang) has resigned as Chairman and Executive Director, Chairman of the nomination committee, member of each of the remuneration committee and the investment committee and ceased to be an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) with effect from 16 October 2020. The Board announced that Mr. Zhang Bingjun (Mr. Zhang) has been appointed as Chairman and Executive Director, Chairman of the nomination committee, member of each of the remuneration committee and the investment committee as well as authorized representative of the Company as required under Rule 3.05 of the Listing Rules with effect from 17 October 2020. Aankondiging • Aug 18
Tianjin Development Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Tianjin Development Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 Aankondiging • Aug 10
Tianjin Development Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2020 Tianjin Development Holdings Limited provided earnings guidance for the six months ended June 30, 2020. The board of directors announced that based on the information available to the company for the first half of 2020 and as a result of the ongoing novel corona virus situation and market conditions, the Group expects to record a decrease in profit attributable to owners of the Company for the period ended 30 June 2020 by approximately 60% to 70% as compared to that of the period ended 30 June 2019 amounted to approximately HKD 360,640,000. 
