SEHK:1321

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China New City Commercial Development

Executive Summary

China New City Commercial Development Limited, an investment holding company, principally engages in the commercial property development, leasing, and hotel operations in Mainland China.


Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has China New City Commercial Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1321 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.9%

1321

1.2%

HK Real Estate

1.2%

HK Market


1 Year Return

-1.0%

1321

-17.9%

HK Real Estate

-9.9%

HK Market

Return vs Industry: 1321 exceeded the Hong Kong Real Estate industry which returned -17.9% over the past year.

Return vs Market: 1321 exceeded the Hong Kong Market which returned -9.9% over the past year.


Shareholder returns

1321IndustryMarket
7 Day-3.9%1.2%1.2%
30 Day-9.3%-7.6%-3.7%
90 Day-17.6%-12.7%-6.8%
1 Year-1.0%-1.0%-14.3%-17.9%-7.0%-9.9%
3 Year-30.5%-30.5%6.4%-5.5%-4.8%-14.4%
5 Year-73.7%-73.7%10.6%-8.1%-15.1%-28.3%

Price Volatility Vs. Market

How volatile is China New City Commercial Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China New City Commercial Development undervalued compared to its fair value and its price relative to the market?

69.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1321's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1321's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1321 is poor value based on its PE Ratio (69x) compared to the Real Estate industry average (6.2x).

PE vs Market: 1321 is poor value based on its PE Ratio (69x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1321's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1321 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is China New City Commercial Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

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 China New City Commercial Development 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 China New City Commercial Development performed over the past 5 years?

-43.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1321 has high quality earnings.

Growing Profit Margin: 1321 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1321's earnings have declined by -43.1% per year over the past 5 years.

Accelerating Growth: 1321 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1321 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (2.8%).


Return on Equity

High ROE: 1321's Return on Equity (0.7%) is considered low.


Next Steps

Financial Health

How is China New City Commercial Development's financial position?


Financial Position Analysis

Short Term Liabilities: 1321's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥3.0B).

Long Term Liabilities: 1321's short term assets (CN¥4.8B) do not cover its long term liabilities (CN¥5.4B).


Debt to Equity History and Analysis

Debt Level: 1321's debt to equity ratio (72.6%) is considered high.

Reducing Debt: 1321's debt to equity ratio has reduced from 86.9% to 72.6% over the past 5 years.

Debt Coverage: 1321's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1321's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Next Steps

Dividend

What is China New City Commercial Development's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1321's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1321's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1321's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1321's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1321's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

6.0yrs

Average board tenure


CEO

Nanlu Shi (36yo)

no data

Tenure

Mr. Nanlu Shi has been appointed as the Executive Director and Chief Executive Officer of China New City Commercial Development Limited since April 3, 2020. He served as Vice-President at China New City Co ...


Board Members

NamePositionTenureCompensationOwnership
Yiyan Tang
VP & Executive Director6.58yrsCN¥532.00kno data
Nanlu Shi
CEO & Executive Directorno datano datano data
Bo Liu
Vice-President & Executive Directorno datano datano data
Sze Yuen Ng
Independent Vice Chairpersonno dataCN¥200.00kno data
Chun Leung Yim
Independent Non-Executive Director6yrsCN¥200.00kno data
Kancheng Shi
Chairperson of the Boardno datano data1.56% CN¥30.7m
Chengfa Xu
Independent Non-Executive Director6yrsCN¥200.00kno data
Min Tang
Vice Chairpersonno datano datano data

6.0yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 1321's board of directors are considered experienced (6 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

China New City Commercial Development Limited's company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • China New City Commercial Development Limited
  • Building 6, Xinhang Business Center
  • 5th Floor
  • Hangzhou
  • Zhejiang Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1321SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2014
C7BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2014

Biography

China New City Commercial Development Limited, an investment holding company, principally engages in the commercial property development, leasing, and hotel operations in Mainland China. It operates through four segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. The company develops, owns, operates, and sells integrated commercial complexes in sub-city centers of second-tier cities in the Yangtze River Delta region. It also leases investment properties, including offices and shopping malls; and provides property management services comprising management and security services to commercial properties. In addition, the company owns and operates four hotels, which include the Holiday Inn Hangzhou Xiaoshan, Hangzhou Qiandao Lake Bright Resort Hotel, Ningbo Bright Hotel, and Huaibei Bright Hotel. Further, it engages in the education development, health, film, television and culture, hospitality, and cultural tourism activities; and investment, theater, and hospital management businesses. The company was founded in 1997 and is headquartered in Hangzhou, the People’s Republic of China. China New City Commercial Development Limited is a subsidiary of Ideal World Investments Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 13:31
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
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.