Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.017 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 09 July 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (4.2%). Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$2.15, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 11x in the Real Estate industry in Hong Kong. Total returns to shareholders of 156% over the past year. Declared Dividend • Mar 28
Dividend reduced to HK$0.017 Dividend of HK$0.017 is 19% lower than last year. Ex-date: 11th June 2026 Payment date: 9th July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 6.6%. Payout Ratios Payout ratio: 28%. Cash payout ratio: Approximately 8x free cash flows. Announcement • Mar 27
Zhong An Intelligent Living Service Limited announces Annual dividend, payable on July 09, 2026 Zhong An Intelligent Living Service Limited announced Annual dividend of HKD 0.0169 per share payable on July 09, 2026, ex-date on June 11, 2026 and record date on June 12, 2026. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.061 (vs CN¥0.074 in FY 2024) Full year 2025 results: EPS: CN¥0.061 (down from CN¥0.074 in FY 2024). Revenue: CN¥472.4m (up 15% from FY 2024). Net income: CN¥31.5m (down 17% from FY 2024). Profit margin: 6.7% (down from 9.2% in FY 2024). Announcement • Mar 27
Zhong An Intelligent Living Service Limited, Annual General Meeting, Jun 04, 2026 Zhong An Intelligent Living Service Limited, Annual General Meeting, Jun 04, 2026. New Risk • Mar 18
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 Hong Kong stocks, typically moving 10% 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 Risks Earnings have declined by 0.4% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (7.9% net profit margin). Announcement • Mar 13
Zhong An Intelligent Living Service Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Zhong An Intelligent Living Service Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$2.32, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 15x in the Real Estate industry in Hong Kong. Total returns to shareholders of 239% over the past year. Announcement • Feb 10
Zhong An Intelligent Living Service Limited has filed a Follow-on Equity Offering in the amount of HKD 78.646928 million. Zhong An Intelligent Living Service Limited has filed a Follow-on Equity Offering in the amount of HKD 78.646928 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,741,400
Price\Range: HKD 1.52
Discount Per Security: HKD 0.01368
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$1.99, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 13x in the Real Estate industry in Hong Kong. Total returns to shareholders of 65% over the past year. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$2.20, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 14x in the Real Estate industry in Hong Kong. Total returns to shareholders of 79% over the past year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to HK$2.58, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 14x in the Real Estate industry in Hong Kong. Total returns to shareholders of 116% over the past year. Reported Earnings • Sep 27
First half 2025 earnings released: EPS: CN¥0.022 (vs CN¥0.028 in 1H 2024) First half 2025 results: EPS: CN¥0.022 (down from CN¥0.028 in 1H 2024). Revenue: CN¥214.5m (up 18% from 1H 2024). Net income: CN¥11.4m (down 20% from 1H 2024). Profit margin: 5.3% (down from 7.9% in 1H 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$5.90, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 14x in the Real Estate industry in Hong Kong. Total returns to shareholders of 350% over the past year. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: CN¥0.022 (vs CN¥0.028 in 1H 2024) First half 2025 results: EPS: CN¥0.022 (down from CN¥0.028 in 1H 2024). Revenue: CN¥214.5m (up 18% from 1H 2024). Net income: CN¥11.4m (down 20% from 1H 2024). Profit margin: 5.3% (down from 7.9% in 1H 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to HK$4.05, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 11x in the Real Estate industry in Hong Kong. Total returns to shareholders of 355% over the past year. Announcement • Aug 02
Zhong An Intelligent Living Service Limited to Report First Half, 2025 Results on Aug 22, 2025 Zhong An Intelligent Living Service Limited announced that they will report first half, 2025 results on Aug 22, 2025 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to HK$1.62, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 11x in the Real Estate industry in Hong Kong. Total returns to shareholders of 30% over the past year. New Risk • Jul 18
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 Hong Kong stocks, typically moving 13% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (9.2% net profit margin). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.10, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 11x in the Real Estate industry in Hong Kong. Total returns to shareholders of 10% over the past year. Announcement • Jun 05
Zhong An Intelligent Living Service Limited Declares Final Dividend for the Year Ended 31 December 2024 Zhong An Intelligent Living Service Limited at its annual general meeting held on 5 June 2025, approved to declare a final dividend of RMB 1.89 cents per ordinary share for the year ended 31 December 2024. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.021 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 30 July 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.2%). Reported Earnings • May 01
Full year 2024 earnings released: EPS: CN¥0.074 (vs CN¥0.11 in FY 2023) Full year 2024 results: EPS: CN¥0.074 (down from CN¥0.11 in FY 2023). Revenue: CN¥412.2m (up 17% from FY 2023). Net income: CN¥38.1m (down 23% from FY 2023). Profit margin: 9.2% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 26
Zhong An Intelligent Living Service Limited Proposes Final Dividend for the Year Ended 31 December 2024 Zhong An Intelligent Living Service Limited at its AGM to be held on 5 June 2025, proposed to declare a final dividend of RMB 1.89 cents per ordinary share for the year ended 31 December 2024. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.074 (vs CN¥0.11 in FY 2023) Full year 2024 results: EPS: CN¥0.074 (down from CN¥0.11 in FY 2023). Revenue: CN¥412.2m (up 17% from FY 2023). Net income: CN¥38.1m (down 23% from FY 2023). Profit margin: 9.2% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Mar 14
Zhong An Intelligent Living Service Limited to Report Fiscal Year 2024 Final Results on Mar 27, 2025 Zhong An Intelligent Living Service Limited announced that they will report fiscal year 2024 final results on Mar 27, 2025 New Risk • Feb 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (76% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (HK$341.5m market cap, or US$43.9m). Buy Or Sell Opportunity • Feb 10
Now 22% overvalued Over the last 90 days, the stock has fallen 60% to HK$0.47. The fair value is estimated to be HK$0.39, 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 year. Earnings per share has declined by 8.4%. New Risk • Jan 03
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 Hong Kong stocks, typically moving 12% 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 High level of non-cash earnings (76% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$258.7m market cap, or US$33.3m). Buy Or Sell Opportunity • Dec 20
Now 24% overvalued Over the last 90 days, the stock has fallen 60% to HK$0.49. The fair value is estimated to be HK$0.40, 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 year. Earnings per share has declined by 8.4%. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.11, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 67% over the past year. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.03 in 1H 2023) First half 2024 results: EPS: CN¥0.028 (down from CN¥0.03 in 1H 2023). Revenue: CN¥182.1m (up 9.9% from 1H 2023). Net income: CN¥14.4m (down 6.7% from 1H 2023). Profit margin: 7.9% (down from 9.3% in 1H 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to HK$1.24, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 47% over the past year. Announcement • Aug 14
Zhong An Intelligent Living Service Limited to Report First Half, 2024 Results on Aug 23, 2024 Zhong An Intelligent Living Service Limited announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • Aug 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 Hong Kong stocks, typically moving 9.6% 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 High level of non-cash earnings (76% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (HK$445.0m market cap, or US$57.2m). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$1.04, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.08, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Announcement • Jun 08
Zhong An Intelligent Living Service Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 09 August 2024 Zhong An Intelligent Living Service Limited at its AGM held on 6 June 2024 approved to declare a final dividend of RMB 0.0245 per ordinary share for the year ended 31 December 2023. Ex-dividend date is 22 July 2024. Record date is 26 July 2024. Payment date is 09 August 2024. Announcement • Apr 28
Zhong An Intelligent Living Service Limited, Annual General Meeting, Jun 06, 2024 Zhong An Intelligent Living Service Limited, Annual General Meeting, Jun 06, 2024, at 10:30 China Standard Time. Location: 4/F, Holiday Inn Xiaoshan Hangzhou, 688 Shanyin Road, Xiaoshan District Hangzhou Zhejiang Province China Agenda: To consider and approve the audited consolidated financial statements of the Company and the reports of the directors and auditors for the year ended 31 December 2023; to consider and approve the final dividend; to consider and approve the election of Directors; to consider and approve the re-appointment of the Ernst & Young, as auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; and to consider and approve any other matters. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in FY 2022) Full year 2023 results: EPS: CN¥0.11 (down from CN¥0.13 in FY 2022). Revenue: CN¥351.1m (up 9.8% from FY 2022). Net income: CN¥49.3m (down 2.9% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Mar 27
Zhong an Intelligent Living Service Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 09 August 2024 Zhong An Intelligent Living Service Limited proposed ordinary final dividend of RMB 0.0245 per share for the year ended 31 December 2023. Date of shareholders' approval is 06 June 2024. Ex-dividend date is 22 July 2024. Record date is 26 July 2024. Payment date is 09 August 2024. Announcement • Mar 15
Zhong An Intelligent Living Service Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Zhong An Intelligent Living Service Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Sep 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 96% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (96% accrual ratio). Minor Risk Market cap is less than US$100m (HK$336.3m market cap, or US$43.0m). Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.055 in 1H 2022) First half 2023 results: EPS: CN¥0.03 (down from CN¥0.055 in 1H 2022). Revenue: CN¥165.8m (up 8.8% from 1H 2022). Net income: CN¥15.4m (down 26% from 1H 2022). Profit margin: 9.3% (down from 14% in 1H 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 26
Zhong An Intelligent Living Service Limited Announces Change of Executive Directors Zhong An Intelligent Living Service Limited announced that Mr. Lu Jianguo has resigned as an executive Director due to his retirement. His resignation takes effect from the date of this announcement. Following Mr. Lu's resignation, Mr. Yang Guang and Mr. Ding Lei have been appointed as executive Directors with effect from 25 August 2023. Mr. Yang has also been appointed as the chief executive officer of the Company with effect from the same day. Following the appointment of Mr. Yang, Mr. Sun Zhihua, the executive Director, has been redesignated from the chief executive officer to the vice- chairman of the Board. Mr. Yang, aged 44, has joined the Group as a general manager since 3 January 2023. Prior to joining Group, Mr. Yang was the executive president and executive director of Redsun Services Group Limited (stock code: 1971) from December 2019 to September 2022, where he joined as the vice president in January 2019. From September 2016 to January 2019, Mr. Yang was promoted from the general manager of the Beijing branch to the vice general manager of the Sunan branch and eventually to the general manager of the Nanjing branch, Hefei branch and Xuzhou branch of Longhu Property Service Group Co. Ltd. Mr. Yang was also the vice general manager, the Changzhou branch general manager, and the Nanjing branch general manager of Xin Cheng Yue Property Management Services Co. Ltd. between July 2014 and September 2016. From June 2013 to August 2014, Mr. Yang was the vice general manager of the Taizhou Wanda Commercial Plaza Management Co. Ltd. Prior to that, Mr. Yang joined Nanjing Red Star International Furniture Decoration City Co. Ltd. as the department head of the property department in September 2007 and Nanjing China Merchants Property Management Co. Ltd. as the manager of from July 1999 to May 2005. Mr. Yang has approximately 24 years of experience in property management services and is a qualified National Property Management Enterprise Manager. Mr. Yang received a graduation certificate for the completion of the tourism management course at Nanjing Normal University in the PRC in 2009. Mr. Ding, aged 42, has been appointed as a general manager of Wanlu region of the Group since March 2021. Mr. Ding is responsible for the operations, investment and quality control of projects in Wanlu region, covering Anhui province and Shandong province. He is also the director of Anhui Zhongan Property Management Co. Ltd. and Hefei Green Harbor Property Management Co. Ltd. which are subsidiaries of the Company. Mr. Ding has over 16 years of experience in the property management industry. From July 2006 to July 2009, Mr. Ding worked as quality control officer of Zhejiang Zhong An Property Management Co. Ltd., where he was primarily responsible for quality control operation. He left the Zhong An Group Limited and its subsidiaries ("Zhong An Group") in July 2009 and worked as a quality control manager at Zhejiang Nade Property Management Co. Ltd. June 2010 and was primarily responsible for quality control and system implementation. Mr. Ding re-joined the Zhong An Group in June 2010. From June 2010 to March 2016, he worked as a property manager of Zhong An Management, where he was primarily responsible for operation and management of property management projects. From March 2016 to January 2018, Mr. Ding worked as deputy general manager of Anhui Zhongan Property, where he was primarily responsible for overseeing the property management business in Huaibei region. From January 2018 to April 2019, Mr. Ding worked as a general manager of Anhui region of Zhong An Management, where he was primarily responsible for the management of the Huaibei and Hefei branch offices. From April 2019 to March 2021, Mr. Ding worked as a deputy general manager of Zhong An Management, where he was primarily responsible for day-to-day operation and management of the property management business of the Zhong An Group. From September 2020 to March 2021, Mr. Ding also undertook the responsibility as general manager of Wanlu region of Zhong An Management, where he was primarily responsible for its operation and management of property management business in Anhui and Shandong regions. Since May 2019, Mr. Ding has also been serving as director and general manager of Anhui Zhongan Property and Hefei Green Harbor, where he is primarily responsible for their daily operation and management. Mr. Ding obtained a diploma in administrative management from University of International Business and Economics via distance learning in July 2018. Announcement • Aug 11
Zhong An Intelligent Living Service Limited to Report First Half, 2023 Results on Aug 25, 2023 Zhong An Intelligent Living Service Limited announced that they will report first half, 2023 results on Aug 25, 2023 Board Change • Jul 19
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman Kancheng Shi Shi is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Chris Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.