Stock Analysis Report

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Executive Summary

Rongan Property Co.,Ltd. develops and sells real estate properties in China. More Details

Snowflake Analysis

Proven track record with mediocre balance sheet.

Share Price & News

How has Rongan PropertyLtd's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: 000517 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 000517's weekly volatility (7%) has been stable over the past year.

Market Performance

7 Day Return




CN Real Estate


CN Market

1 Year Return




CN Real Estate


CN Market

Return vs Industry: 000517 exceeded the CN Real Estate industry which returned -7.2% over the past year.

Return vs Market: 000517 underperformed the CN Market which returned 32.4% over the past year.

Shareholder returns

7 Day-9.7%-3.4%1.9%
30 Day1.1%-1.7%7.6%
90 Day-2.1%-6.3%11.5%
1 Year3.7%-0.4%-4.2%-7.2%34.6%32.4%
3 Year-41.2%-43.8%-26.7%-32.8%25.4%19.1%
5 Year-25.1%-28.9%-3.7%-14.0%54.1%43.5%

Long-Term Price Volatility Vs. Market

How volatile is Rongan PropertyLtd's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Rongan PropertyLtd undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 000517 (CN¥2.78) is trading above our estimate of fair value (CN¥0.99)

Significantly Below Fair Value: 000517 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 000517 is good value based on its PE Ratio (4.5x) compared to the CN Real Estate industry average (14.4x).

PE vs Market: 000517 is good value based on its PE Ratio (4.5x) compared to the CN market (34.5x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 000517's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 000517 is overvalued based on its PB Ratio (1.2x) compared to the CN Real Estate industry average (1.1x).

Next Steps

Future Growth

How is Rongan PropertyLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rongan PropertyLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Rongan PropertyLtd performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 000517 has a high level of non-cash earnings.

Growing Profit Margin: 000517's current net profit margins (24%) are higher than last year (20.6%).

Past Earnings Growth Analysis

Earnings Trend: 000517's earnings have grown significantly by 52% per year over the past 5 years.

Accelerating Growth: 000517's earnings growth over the past year (128%) exceeds its 5-year average (52% per year).

Earnings vs Industry: 000517 earnings growth over the past year (128%) exceeded the Real Estate industry -4.1%.

Return on Equity

High ROE: Whilst 000517's Return on Equity (26.39%) is high, this metric is skewed due to their high level of debt.

Next Steps

Financial Health

How is Rongan PropertyLtd's financial position?

Financial Position Analysis

Short Term Liabilities: 000517's short term assets (CN¥55.6B) exceed its short term liabilities (CN¥44.3B).

Long Term Liabilities: 000517's short term assets (CN¥55.6B) exceed its long term liabilities (CN¥7.2B).

Debt to Equity History and Analysis

Debt Level: 000517's debt to equity ratio (147.5%) is considered high.

Reducing Debt: 000517's debt to equity ratio has increased from 61.9% to 147.5% over the past 5 years.

Debt Coverage: 000517's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 000517 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Next Steps


What is Rongan PropertyLtd current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 000517's dividend (3.6%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 000517's dividend (3.6%) is in the top 25% of dividend payers in the CN market (1.84%)

Stability and Growth of Payments

Stable Dividend: 000517 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 000517's dividend payments have increased, but the company has only paid a dividend for 6 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.2%), 000517's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Congwei Wang (33 yo)

no data




Mr. Wang Cong Wei serves as General Manager at Rongan Property Co., Ltd. Mr. Wang previously served as Manager of Business department of Rongan Property Co.,Ltd. (formerly known as Rongan Group Co., Ltd.) ...

Board Members

Congwei Wang
GM & Directorno dataCN¥286.10kno data
Hai Lan Dong
Deputy GM & Employee Representative Directorno datano datano data
Kangqi Yu
Deputy GM & Directorno datano datano data
Wang Jiufang
Non-Independent Chairman of the Boardno datano data28.69%
CN¥ 2.5b
Huai Man Zhang
Chairman of the Supervisory Boardno datano datano data
Weixin Zhang
Non-Independent Director3.58yrsno datano data
Yaping Yu
Supervisorno datano datano data
Yan Liu
Member of the Employee Supervisory Boardno datano datano data
Ming Han
Member of the Employee Supervisory Boardno datano datano data
Yuexiang Jiang
Independent Director3.58yrsno datano data
Zhanhong Guo
Independent Director3.58yrsno datano data
Huajun Yang
Independent Director0.50yrno datano data


Average Tenure


Average Age

Experienced Board: 000517's board of directors are considered experienced (3.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Rongan Property Co.,Ltd.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Rongan Property Co.,Ltd.
  • Ticker: 517
  • Exchange: SZSE
  • Founded: 1965
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥8.851b
  • Shares outstanding: 3.18b
  • Website:

Number of Employees


  • Rongan Property Co.,Ltd.
  • 14-12, Tianfeng Mansion
  • No. 513 Lingqiao Road
  • Ningbo
  • Zhejiang Province
  • 315010
  • China


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYSep 2009
517XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYSep 2009


Rongan Property Co.,Ltd. develops and sells real estate properties in China. The company develops residential properties for home buyers and upper sizers; and commercial properties. It also operates and le...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 09:21
End of Day Share Price2021/01/26 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.