Reported Earnings • Apr 04
Full year 2025 earnings released: CN¥5.92 loss per share (vs CN¥7.13 loss in FY 2024) Full year 2025 results: CN¥5.92 loss per share (improved from CN¥7.13 loss in FY 2024). Revenue: CN¥7.11b (down 76% from FY 2024). Net loss: CN¥9.96b (loss narrowed 17% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Apr 01
Ronshine China Holdings Limited, Annual General Meeting, Jun 05, 2026 Ronshine China Holdings Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 19
Ronshine China Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Ronshine China Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Feb 10
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 9.5% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥1.2b free cash flow). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (HK$232.3m market cap, or US$29.7m). Reported Earnings • Oct 02
First half 2025 earnings released: CN¥1.09 loss per share (vs CN¥1.15 loss in 1H 2024) First half 2025 results: CN¥1.09 loss per share (improved from CN¥1.15 loss in 1H 2024). Revenue: CN¥2.12b (down 85% from 1H 2024). Net loss: CN¥1.83b (loss narrowed 5.3% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 02
First half 2025 earnings released: CN¥1.09 loss per share (vs CN¥1.15 loss in 1H 2024) First half 2025 results: CN¥1.09 loss per share (improved from CN¥1.15 loss in 1H 2024). Revenue: CN¥2.12b (down 85% from 1H 2024). Net loss: CN¥1.83b (loss narrowed 5.3% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Aug 19
Ronshine China Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Ronshine China Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 01
Full year 2024 earnings released: CN¥7.13 loss per share (vs CN¥3.52 loss in FY 2023) Full year 2024 results: CN¥7.13 loss per share (further deteriorated from CN¥3.52 loss in FY 2023). Revenue: CN¥29.8b (down 33% from FY 2023). Net loss: CN¥12.0b (loss widened 103% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Announcement • Apr 01
Ronshine China Holdings Limited, Annual General Meeting, Jun 10, 2025 Ronshine China Holdings Limited, Annual General Meeting, Jun 10, 2025. Announcement • Mar 20
Ronshine China Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Ronshine China Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 31, 2025 New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$749.1m (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (54% average daily change). Earnings have declined by 62% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$749.1m market cap, or US$96.2m). New Risk • Sep 19
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 14% 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 (14% average weekly change). Earnings have declined by 62% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$212.1m market cap, or US$27.2m). Reported Earnings • Sep 02
First half 2024 earnings released: CN¥1.15 loss per share (vs CN¥1.18 loss in 1H 2023) First half 2024 results: CN¥1.15 loss per share (improved from CN¥1.18 loss in 1H 2023). Revenue: CN¥14.2b (up 6.6% from 1H 2023). Net loss: CN¥1.93b (loss narrowed 3.1% from 1H 2023). Announcement • Aug 20
Ronshine China Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Ronshine China Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 27
Ronshine China Holdings Limited, Annual General Meeting, Jun 13, 2024 Ronshine China Holdings Limited, Annual General Meeting, Jun 13, 2024. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Jiarong He was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 03
Ronshine China Holdings Limited to Report Fiscal Year 2023 Results on Apr 15, 2024 Ronshine China Holdings Limited announced that they will report fiscal year 2023 results on Apr 15, 2024 Announcement • Mar 19
Ronshine China Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Ronshine China Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Sep 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 66% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$488.2m market cap, or US$62.3m). Reported Earnings • Sep 02
First half 2023 earnings released: CN¥1.18 loss per share (vs CN¥2.63 loss in 1H 2022) First half 2023 results: CN¥1.18 loss per share (improved from CN¥2.63 loss in 1H 2022). Revenue: CN¥13.3b (down 6.5% from 1H 2022). Net loss: CN¥1.99b (loss narrowed 55% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
Ronshine China Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Ronshine China Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Jiarong He was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
First half 2022 earnings released: CN¥2.63 loss per share (vs CN¥0.41 profit in 1H 2021) First half 2022 results: CN¥2.63 loss per share (down from CN¥0.41 profit in 1H 2021). Revenue: CN¥14.3b (down 34% from 1H 2021). Net loss: CN¥4.43b (down CN¥5.11b from profit in 1H 2021). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 4 percentage points per year. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥2.63 loss per share (vs CN¥0.41 profit in 1H 2021) First half 2022 results: CN¥2.63 loss per share (down from CN¥0.41 profit in 1H 2021). Revenue: CN¥14.3b (down 34% from 1H 2021). Net loss: CN¥4.43b (down CN¥5.11b from profit in 1H 2021). Over the next year, revenue is forecast to grow 125%, compared to a 12% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 9 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 01
VP & Executive Director recently sold HK$426k worth of stock On the 29th of June, Youzhi Ruan sold around 223k shares on-market at roughly HK$1.91 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$41k more than they bought in the last 12 months. Reported Earnings • Jun 04
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.77 (down from CN¥1.43 in FY 2020). Revenue: CN¥33.3b (down 31% from FY 2020). Net income: CN¥1.30b (down 47% from FY 2020). Profit margin: 3.9% (down from 5.0% in FY 2020). Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 74%, compared to a 15% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$2.14, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.12 per share. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Weifeng Ruan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.77 (down from CN¥1.43 in FY 2020). Revenue: CN¥33.3b (down 31% from FY 2020). Net income: CN¥1.30b (down 47% from FY 2020). Profit margin: 3.9% (down from 5.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 65%, compared to a 14% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Sep 30
VP & Executive Director recently bought HK$385k worth of stock On the 28th of September, Youzhi Ruan bought around 108k shares on-market at roughly HK$3.58 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$3.43, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.99 per share. Reported Earnings • Sep 03
First half 2021 earnings released: EPS CN¥0.41 (vs CN¥0.53 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: CN¥21.7b (up 3.2% from 1H 2020). Net income: CN¥684.5m (down 25% from 1H 2020). Profit margin: 3.1% (down from 4.3% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 01
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 08 June 2021. Payment date: 27 August 2021. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (4.5%). Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥1.43 (vs CN¥1.87 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥48.3b (down 6.1% from FY 2019). Net income: CN¥2.43b (down 23% from FY 2019). Profit margin: 5.0% (down from 6.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.43 (vs CN¥1.87 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥48.3b (down 6.1% from FY 2019). Net income: CN¥2.43b (down 23% from FY 2019). Profit margin: 5.0% (down from 6.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 14
New 90-day low: HK$5.26 The company is down 14% from its price of HK$6.09 on 15 September 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$206 per share. Is New 90 Day High Low • Oct 28
New 90-day low: HK$5.39 The company is down 22% from its price of HK$6.90 on 30 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$164 per share. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of CN¥2.08b, down 20% from the prior year. Total revenue was CN¥45.9b over the last 12 months, down 1.7% from the prior year.