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China Resources Mixc Lifestyle Declares Special 2025 Dividend With Flexible Currency Payout China Resources Mixc Lifestyle Services declared a special 2025 cash dividend for shareholders.
Investors can choose the payout currency for this special dividend.
The stock will trade ex dividend on 15 June 2026, with payment set for 31 July 2026.
This special cash dividend reflects management’s current focus on returning cash to shareholders rather than retaining all funds for other uses.
Investors may want to pay attention to the chosen payout currency and any tax or FX implications, as well as what this one-off dividend might indicate for the company’s regular dividend policy and capital allocation priorities. Announcement • Jun 10
China Resources Mixc Lifestyle Services Limited Approves Special Dividend for the Year Ended 31 December 2025, Payable on 31 July 2026 China Resources Mixc Lifestyle Services Limited announced at annual general meeting held on 8 June 2026, the shareholders approved special dividend of RMB 0.341 per share for the year ended 31 December 2025. Names appear on the register of members of the company after the close of business of the company at 4:30 p.m. on 17 June 2026 and the register of members of the company will be closed from 17 June 2026 to 23 June 2026, both days inclusive. Payment date is 31 July 2026. Announcement • Jun 09
China Resources Mixc Lifestyle Services Limited Approves Final Dividend for the Year Ended 31 December 2025 China Resources Mixc Lifestyle Services Limited announced at annual general meeting held on 8 June 2026, the shareholders approved final dividend of RMB 0.509 per share for the year ended 31 December 2025. The dividend is payable to shareholders whose names appear on the register of members after the close of business at 4:30 p.m. on June 17, 2026. The register of members will be closed from June 17, 2026 to June 23, 2026, both days inclusive. Upcoming Dividend • Jun 08
Upcoming dividend of CN¥0.85 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 31 July 2026. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (6.9%). In line with average of industry peers (4.3%). Reported Earnings • May 05
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.74 (up from CN¥1.58 in FY 2024). Revenue: CN¥18.0b (up 5.1% from FY 2024). Net income: CN¥3.97b (up 10% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 01
Final dividend of CN¥0.85 announced Shareholders will receive a dividend of CN¥0.85. Ex-date: 15th June 2026 Payment date: 31st July 2026 Dividend yield will be 3.9%, which is lower than the industry average of 6.6%. Sustainability & Growth The dividend has increased by an average of 67% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: CN¥1.74 (up from CN¥1.59 in FY 2024). Revenue: CN¥18.0b (up 5.7% from FY 2024). Net income: CN¥3.97b (up 9.4% from FY 2024). Profit margin: 22% (in line with FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
China Resources Mixc Lifestyle Services Limited, Annual General Meeting, Jun 08, 2026 China Resources Mixc Lifestyle Services Limited, Annual General Meeting, Jun 08, 2026. Announcement • Feb 05
China Resources Mixc Lifestyle Services Limited to Report Fiscal Year 2025 Final Results on Mar 27, 2026 China Resources Mixc Lifestyle Services Limited announced that they will report fiscal year 2025 final results on Mar 27, 2026 Recent Insider Transactions • Nov 28
President & Executive Director recently bought HK$9.7m worth of stock On the 25th of November, Linkang Yu bought around 217k shares on-market at roughly HK$44.52 per share. This transaction increased Linkang's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Linkang has been a buyer over the last 12 months, purchasing a net total of HK$14m worth in shares. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$46.12, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 10x in the Real Estate industry in Hong Kong. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$46.08 per share. Reported Earnings • Sep 26
First half 2025 earnings released: EPS: CN¥0.89 (vs CN¥0.83 in 1H 2024) First half 2025 results: EPS: CN¥0.89 (up from CN¥0.83 in 1H 2024). Revenue: CN¥8.52b (up 6.5% from 1H 2024). Net income: CN¥2.03b (up 7.4% from 1H 2024). Profit margin: 24% (in line with 1H 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Real Estate industry in Hong Kong. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 24
China Resources Mixc Lifestyle Services Limited Announces Executive Changes, Effective from 23 September 2025 China Resources Mixc Lifestyle Services Limited that Mr. GUO Shiqing (" Mr. GUO ") has resigned with effect from 23 September 2025, as a non-executive Director and a member of the audit committee of the Company (the "Audit Committee ") due to his other work arrangements. Mr. GUO has confirmed that he has no disagreement with the Board and that there is no matter in respect of his resignations which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. ZHAO Wei ("Mr. ZHAO") has been appointed as a non-executive Director and a member of the Audit Committee with effect from 23 September 2025. Mr. ZHAO, aged 53, joined the Company and was appointed as a non-executive Director and a member of the Audit Committee in September 2025. Mr. ZHAO has been serving as an executive director, the chief financial officer and the board secretary of China Resources Land Limited (whose shares are listed on the Stock Exchange, stock code: 1109) since September 2025. He has served as an executive director and the chief financial officer of China Resources Beer (Holdings) Company Limited ("CR Beer", the shares of which are listed on the Stock Exchange, stock code: 291 and 80291) from August 2023 to September 2025 and from June 2023 to September 2025, respectively. He joined China Resources Beer (Tianjin) Company Limited in 2003 as the assistant finance director and served high-ranking positions in various departments of the following companies successively, including but not limited to the general manager of the fund management department, general manager of management accounting and statistics department and director of the finance department of China Resources Snow Breweries (China) Co. Ltd. He has served as the chief financial officer of China Resources Pharmaceutical Commercial Group Co. Ltd. He serves as a director of Guizhou Jinsha Jiaojiu Winery Industry Co. Ltd., a subsidiary of CR Beer, since February 2024. He was appointed as a director of Shandong Jingzhi Baijiu Co. Ltd. in February 2024, a director of Anhui Golden Seed Group Company Limited in March 2024 and a director of Auhui Golden Seed Winery Co. Ltd. (whose shares are listed on the Shanghai Stock Exchange) in July 2024, respectively. He has over 20 years of experience in financial management. He holds a doctor's degree in engineering from Tianjin University of China and a qualification certificate from the Chartered Institute of Management Accountants. Mr. ZHAO has entered into a service contract with the Company for a term of three years commencing from 23 September 2025, which can be terminated by either party by giving to the other party not less than three month's notice in writing. Mr. ZHAO will not receive Director's fee from the Company. Pursuant to the articles of association of the Company, Mr. ZHAO will hold office as a non-executive Director until the forthcoming annual general meeting of the Company and will be subject to the retirement and re-election at that meeting. Buy Or Sell Opportunity • Sep 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to HK$38.38. The fair value is estimated to be HK$48.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Declared Dividend • Aug 29
Dividend of HK$0.97 announced Shareholders will receive a dividend of HK$0.97. Ex-date: 9th September 2025 Payment date: 23rd October 2025 Dividend yield will be 7.7%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (90.0% cash payout ratio). The dividend has increased by an average of 84% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.89 (vs CN¥0.84 in 1H 2024) First half 2025 results: EPS: CN¥0.89 (up from CN¥0.84 in 1H 2024). Revenue: CN¥8.52b (up 7.1% from 1H 2024). Net income: CN¥2.03b (up 6.4% from 1H 2024). Profit margin: 24% (in line with 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Hong Kong. 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 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to HK$37.10. The fair value is estimated to be HK$30.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. New Risk • Jul 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jul 03
China Resources Mixc Lifestyle Services Limited Appoints Mr. Guo Ruifeng as Non-Executive Director, Effective June 30, 2025 China Resources Mixc Lifestyle Services Limited announced that Mr. GUO Ruifeng has been appointed as a non-executive Director with effect from June 30, 2025. Mr. GUO, aged 47, has extensive experience in property development and management, operation and management of commercial property projects, asset management, human resources management, and corporate operation and management. After graduating with a master's degree in July 2003, he joined China Resources Land Limited, where he successively served as the manager of the corporate development department, deputy manager and manager of the contract management department of China Resources Land (Hefei) Co. Ltd. from February 2005 to November 2008, and the manager, deputy director, and director of the sales management department from November 2008 to September 2012. Mr. GUO served as the general manager of sales management in the Wuhan region from September 2012 to November 2016 and was also the general manager of the Guanggu Changdong project in Wuhan region from 2015 to November 2016. Since November 2016, Mr. GUO specialized in the commercial operational services business of the Group and served as the general manager of Hangzhou MIXC under the commercial real estate business division, and subsequently also served as the deputy general manager of China Resources Sun Hung Kai Properties (Hangzhou) Limited in East China Region from November 2016 to February 2019, during which he was also the deputy general manager of the commercial real estate business division in East China Region from August 2018 to February 2019. He was appointed as the general manager of Shenzhen MIXC under the commercial property business unit in February 2019. For the purpose of the reorganization, Mr. GUO was appointed as the assistant president and chief human resources officer of the Group in August 2020 to continue managing the Group's business. Mr. GUO has served as the chief operating officer from August 2022 to January 2024, the vice president from December 2023 to June 2024, and an executive Director and the chief strategy and operating officer from January 2024 to June 2024. He has been serving as the general manager of the asset management department at headquarters of CR Land since June 2024. Mr. GUO obtained his bachelor's degree in Civil Engineering and his master's degree in Management Science & Engineering from Tsinghua University of China in July 2000 and July 2003, respectively. Upcoming Dividend • Jun 05
Upcoming dividend of CN¥1.26 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.2%). Buy Or Sell Opportunity • May 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to HK$37.45. The fair value is estimated to be HK$30.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.59 (up from CN¥1.28 in FY 2023). Revenue: CN¥17.0b (up 15% from FY 2023). Net income: CN¥3.63b (up 24% from FY 2023). Profit margin: 21% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to HK$33.55. The fair value is estimated to be HK$27.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 31
Dividend of CN¥1.26 announced Shareholders will receive a dividend of CN¥1.26. Ex-date: 12th June 2025 Payment date: 25th July 2025 Dividend yield will be 6.4%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 63% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.59 (up from CN¥1.28 in FY 2023). Revenue: CN¥17.0b (up 15% from FY 2023). Net income: CN¥3.63b (up 24% from FY 2023). Profit margin: 21% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$33.85, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$48.57 per share. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$32.95, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$54.72 per share. Reported Earnings • Sep 28
First half 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.61 in 1H 2023) First half 2024 results: EPS: CN¥0.84 (up from CN¥0.61 in 1H 2023). Revenue: CN¥7.96b (up 17% from 1H 2023). Net income: CN¥1.91b (up 36% from 1H 2023). Profit margin: 24% (up from 21% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$31.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$54.22 per share. Declared Dividend • Aug 30
First half dividend of HK$0.30 announced Shareholders will receive a dividend of HK$0.30. Ex-date: 9th September 2024 Payment date: 25th October 2024 Dividend yield will be 3.2%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 75% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.84 (vs CN¥0.61 in 1H 2023) First half 2024 results: EPS: CN¥0.84 (up from CN¥0.61 in 1H 2023). Revenue: CN¥7.96b (up 17% from 1H 2023). Net income: CN¥1.91b (up 36% from 1H 2023). Profit margin: 24% (up from 21% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 27
CFO, VP recently bought HK$1.1m worth of stock On the 25th of July, Zhizhang Nie bought around 50k shares on-market at roughly HK$21.90 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Zhizhang's only on-market trade for the last 12 months. Announcement • Jun 15
China Resources Mixc Lifestyle Services Limited to Report First Half, 2024 Results on Aug 27, 2024 China Resources Mixc Lifestyle Services Limited announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 08
China Resources Mixc Lifestyle Services Limited Declares a Final Dividend for the Year Ended 31 December 2023 China Resources Mixc Lifestyle Services Limited at its annual general meeting held on 7 June 2024 declared a final dividend of RMB 0.481 per share for the year ended 31 December 2023. Upcoming Dividend • Jun 05
Upcoming dividend of CN¥0.48 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 55% and the cash payout ratio is 85%. Trailing yield: 2.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (5.6%). Announcement • May 06
China Resources Mixc Lifestyle Services Limited Announces Executive Changes The board of directors of China Resources Mixc Lifestyle Services Limited announced that Mr. SO Yiu Fung has tendered his resignation as the company secretary of the Company with effect from 6 May 2024. Mr. SO has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.The Board announced that Dr. NGAI Wai Fung (``Dr. NGAI'') has been appointed as the Company Secretary with effect from 6 May 2024. Dr. NGAI is the director and chief executive officer of China Resources SWCS Holding Limited and SWCS Corporate Services Group (Hong Kong) Limited. Dr. NGAI has over 30 years of professional practice and senior management experience including acting as an executive director, a chief financial officer and a company secretary, most of which are in the areas of finance, accounting, internal control and risk management, regulatory compliance, corporate governance and company secretarial work for listed issuers including major red chipcompanies. Dr. NGAI is a fellow of the Hong Kong Chartered Governance Institute, a fellow of the Chartered Governance Institute in the United Kingdom, a member of the Hong Kong Institute of Certified Public Accountants, a fellow of Association of Chartered Certified Accountants in the United Kingdom and a member of the Chartered Institute of Arbitrators. Dr. NGAI obtained a bachelor's degree (Honours) in Law from University of Wolverhampton in the United Kingdom, a master's degree in Business Administration from Andrews University in the United States, a master's degree in Corporate Finance from Hong Kong Polytechnic University and a doctoral degree in Economics majoring in Finance from Shanghai University of Finance and Economics. Reported Earnings • May 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥1.28 (up from CN¥0.97 in FY 2022). Revenue: CN¥14.8b (up 23% from FY 2022). Net income: CN¥2.93b (up 33% from FY 2022). Profit margin: 20% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 31
Final dividend of CN¥0.48 announced Shareholders will receive a dividend of CN¥0.48. Ex-date: 12th June 2024 Payment date: 26th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 6.6%. Sustainability & Growth The dividend has increased by an average of 75% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
China Resources Mixc Lifestyle Services Limited, Annual General Meeting, Jun 07, 2024 China Resources Mixc Lifestyle Services Limited, Annual General Meeting, Jun 07, 2024. Announcement • Mar 26
China Resources Mixc Lifestyle Services Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2023, Payable on 26 July 2024 China Resources Mixc Lifestyle Services Limited proposed ordinary final dividend of RMB 0.481 per share for the year ended 31 December 2023. Date of shareholders' approval is 07 June 2024; Ex-dividend date is 12 June 2024; Record date is 14 June 2024; Payment date is 26 July 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥1.28 (vs CN¥0.97 in FY 2022) Full year 2023 results: EPS: CN¥1.28 (up from CN¥0.97 in FY 2022). Revenue: CN¥14.8b (up 23% from FY 2022). Net income: CN¥2.93b (up 33% from FY 2022). Profit margin: 20% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Mar 09
China Resources Mixc Lifestyle Services Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 China Resources Mixc Lifestyle Services Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Board Change • Feb 22
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Wing Sze Lo was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 29
China Resources Mixc Lifestyle Services Limited Announces Management Changes The board of directors of China Resources Mixc Lifestyle Services Limited announced the following changes in the composition of the Board that with effect from 29 January 2024: Mr. WANG Lei has been appointed as an executive Director and the vice president of the Company; and Mr. GUO Ruifeng, the Vice President, has been appointed as an executive Director and the chief strategy and operating officer of the Company. Mr. WANG, aged 43, has been appointed as an executive Director and the Vice President in January 2024. He has extensive experiences in property development and management, commercial property operation and management, and corporate operation and management. Mr. WANG joined China Resources Group after obtaining his bachelor's graduation in July 2002. He has served as mechanical and electrical engineer, cost engineer of the contract department and executive manager of the project department of Shenzhen Mixc City Project of China Resources Construction Co. Ltd. Mr. WANG was then transferred to China Resources Land Limited, the Company ' s immediate holding company, in April 2007 and held different positions within the CR Land Group. He successively served as the deputy manager of the engineering management department of China Resources Land (Shenyang) Co. Ltd., the engineering manager and the deputy project manager of the China Resources Center project department; he was the generalmanager of the Mixc City project of China Resources Land (Shandong) Co. Ltd. from May 2011 to December 2012, the assistant general manager and the deputy general manager of China Resources Land (Weihai) Co. Ltd. from December 2012 to October 2014, the deputy general manager of engineering management department of CR Land headquarters from October 2014 to August 2016. He was the deputy general managerof China Resources Land Commercial Management Service (Shenzhen) Co. Ltd. under the commercial property services division of CR Land fromAugust 2016 to January 2018; and the assistant general manager and deputy general manager of the commercial property services division of CR Land from January 2018 to October 2020, fully responsible for the commercial property services division. Mr. WANG has been appointed as the general manager of the asset management department of CR Land headquarters in October 2020. Mr. WANG obtained a bachelor of engineering degree in Water Supply and Drainage Engineering from Tongji University of China in July 2002. Mr. GUO, aged 45, has been appointed as an executive Director and the Chief Strategy and Operating Officer in January 2024. He has extensive experience in property development and management, operation and management of commercial property projects, human resources management and corporate operation and management. After his master's graduation in July 2003, he joined CR Land where he successively served as the manager of the corporate development department of CR Land, as well as the deputy manager and manager of the contract management department of China Resources Land (Hefei) Co. Ltd. from February 2005 to November 2008, and the manager, deputy director and director of the sales management department of CR Land from November 2008 to September 2012. Mr. GUO served as the general manager of sales management in Wuhan region from September 2012 to November 2016 and from 2015 to November 2016, he was also the general manager of the Guanggu Changdong project in Wuhan region. Since November 2016, Mr. GUO specialized in the commercial operational services business of the Group and served as the general manager of Hangzhou MIXC under the commercial real estate business division, and subsequently also served as the deputy general manager of China Resources Sun Hung Kai Properties (Hangzhou) Limited of East China Region from November 2016 to February 2019, during which he was also the deputy general manager of the commercial real estate business division in East China Region of the Company from August 2018 to February 2019. He was appointed as the general manager of Shenzhen MIXC under the commercial property business unit in February 2019. For the purpose of the reorganization, Mr. GUO was appointed as the assistant president and chief human resources officer of the Group in August 2020 to continue managing the Group's business. Mr. GUO was appointed as the Chief Operating Officer of the Company in August 2022 and has been serving as the Vice President since December 2023. Mr. GUO obtained his bachelor 's degree in Civil Engineering and his master's degree in Management Science & Engineering from Tsinghua University of China in July 2000 and July 2003, respectively. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$20.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$31.71 per share. Announcement • Jan 15
China Resources Mixc Lifestyle Services Limited Announces Retirement of Wei Xiaohua as Executive Director The board of directors of China Resources Mixc Lifestyle Services Limited announced that Ms. WEI Xiaohua has notified the Board of her plan of retirement and has retired, with effect from 15 January 2024, as an executive Director. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be HK$31.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 59% in 2 years. Earnings is forecast to grow by 54% in the next 2 years. Buying Opportunity • Dec 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$32.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 60% in 2 years. Earnings is forecast to grow by 55% in the next 2 years. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.24 per share at 1.9% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (5.2%). Announcement • Aug 31
China Resources Mixc Lifestyle Services Limited Announces Interim Dividend for the Period Ended 30 June 2023, Payable on 27 October 2023 China Resources Mixc Lifestyle Services Limited announced the interim dividend of RMB 0.223 per share or HKD 0.243 per share for the period ended 30 June 2023. Ex-dividend date is on 12 September 2023 with Record date is on 15 September 2023. Payment date is on 27 October 2023. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: CN¥0.61 (vs CN¥0.45 in 1H 2022) First half 2023 results: EPS: CN¥0.61 (up from CN¥0.45 in 1H 2022). Revenue: CN¥6.79b (up 29% from 1H 2022). Net income: CN¥1.40b (up 37% from 1H 2022). Profit margin: 21% (up from 20% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Hong Kong. Announcement • Aug 12
China Resources Mixc Lifestyle Services Limited to Report First Half, 2023 Results on Aug 29, 2023 China Resources Mixc Lifestyle Services Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jun 30
China Resources Mixc Lifestyle Services Limited Announces Board Changes, Effective 1 July 2023 The board of directors of China Resources Mixc Lifestyle Services Limited announced that Ms. QIN Hong has resigned, with effect from 1 July 2023, as an independent non-executive Director, a member of the audit committee of the Company, a member of the nomination committee of the Company and a member of the sustainability committee of the Company due to her personal work arrangements. Ms. QIN has confirmed that she has no disagreement with the Board and that there is no matter in respect of her resignations which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Ms. LO Wing Sze BBS, JP has been appointed as an independent non-executive Director with effect from 1 July 2023. Ms. LO, aged 51, is the financial director of Million Tour Limited and the founder and financial director of M1 Hotel Group. Ms. LO was appointed as a Justice of the Peace in 2017 and awarded the Bronze Bauhinia Star in 2020 by the Hong Kong Special Administrative Region of the People's Republic of China ("HKSAR") Government. She is a member of the Election Committee 2021 (The Fourth Sector) of the HKSAR and was a member of the Election Committee for the Fifth Government of the HKSAR (Tourism Subsector). Ms. LO is also a member of the Chief Executive's Policy Unit Social Development Expert Group, a member of the Social Workers Registration Board, a member of the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials, a member of the Advisory Committee on Admission of Quality Migrants and Professionals and the convener of its Panel 3 and a member of the District Fire Safety Committee (Wan Chai District). She is also an Honorary Court Member of the Lingnan University in Hong Kong. Ms. LO is an independent non-executive director of New World Development Company Limited, Virtual Mind Holding Company Limited, Finsoft Financial Investment Holdings Limited and Goldlion Holdings Limited, all being companies listed on The Stock Exchange of Hong Kong Limited. She holds a Bachelor of Economics Degree from the University of Sydney and a Master of Commerce in Finance Degree from the University of New South Wales in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. The Board announced that Ms. LO has been appointed as a member of the Audit Committee, a member of the Nomination Committee and a member of the Sustainability Committee with effect from 1 July 2023. Announcement • Jun 07
China Resources Mixc Lifestyle Services Limited Declares Final Dividend for the Year Ended 31 December 2022 China Resources Mixc Lifestyle Services Limited announced that at the AGM was held on 6 June 2023, the company declared final dividend of RMB 0.312 (equivalent to HKD 0.357) per share the for the year ended 31 December 2022. Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.36 per share at 1.8% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.6%). Reported Earnings • Mar 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.97 (up from CN¥0.76 in FY 2021). Revenue: CN¥12.0b (up 35% from FY 2021). Net income: CN¥2.21b (up 28% from FY 2021). Profit margin: 18% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Real Estate industry in Hong Kong. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 16% share price gain to HK$44.50, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$43.48 per share. Upcoming Dividend • Dec 29
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Hong Kong dividend payers (8.4%). Lower than average of industry peers (5.5%). Announcement • Dec 22
China Resources Mixc Lifestyle Services Limited Announces Special Dividend for Ordinary Share, Payable on February 28, 2023 China Resources Mixc Lifestyle Services Limited announced that in light of the solid financial position of the Group and in celebration of the Company's 2 and listing anniversary and the Company becoming a constituent stock of Hang Seng Index, the Board announced a special dividend of RMB 0.3643 (equivalent to HKD 0.4069) per ordinary share of the Company will be paid on Tuesday, 28 February 2023 to the shareholders of the Company whose names appear on the register of members of the Company on 12 January 2023. The Special Dividend will be payable in cash to each Shareholder in Hong Kong Dollars unless an election is made to receive the same in Renminbi. Shareholders will be given the option to elect to receive all or part of the Special Dividend in RMB at the exchange rate of HKD1.0: RMB0.8953, being the average benchmark exchange rate of HKD to RMB as published by the People's Bank of China during the five business days immediately before 21 December 2022. If shareholders elect to receive the Special Dividend in RMB, such dividend will be paid to shareholders at RMB0.3643 per share. To make such election, shareholders should complete the dividend currency election form which is expected to be dispatched to shareholders on or around 19 January 2023 as soon as practicable after the record date of 12 January 2023 to determine shareholders' entitlement to the Special Dividend, and lodge it to the Company's share registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong for registration no later than 4:30 p.m. on 7 February 2023. Shareholders who are minded to elect to receive all or part of their dividends in RMB by cheques should note that (i) they should ensure that they have an appropriate bank account to which the RMB cheques for dividend can be presented for payment; and (ii) there is no assurance that RMB cheques can be cleared without material handling charges or delay in Hong Kong or that RMB cheques will be honoured for payment upon presentation outside Hong Kong. The cheques are expected to be posted to the relevant shareholders by ordinary post on 28 February 2023 at the shareholders' own risk. If no duly completed dividend currency election form in respect of that shareholder is received by the branch share registrar of the Company in Hong Kong by 4:30 p.m. on 7 February 2023, such shareholder will automatically receive the Special Dividend in HKD. All dividend payments in HKD will be made in the usual ways on 28 February 2023. If shareholders wish to receive the Special Dividend in HKD in the usual way, no additional action is required. The record date for determining entitlement of the Shareholders to the Special Dividend is 12 January 2023. The register of members of the Company will be closed from 9 January 2023 to 12 January 2023, during which period no transfer of shares will be registered. In order to be eligible for the Special Dividend, all share transfer documents accompanied by the relevant share certificates must be lodged with the Company's share registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong for registration not later than 4:30 p.m. on 6 January 2023.