China New City Commercial Development Limited, an investment holding company, principally engages in the commercial property development, leasing, and hotel operations in Mainland China.
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.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
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.
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
4 weeks ago | Simply Wall StWe're Not So Sure You Should Rely on China New City Commercial Development's (HKG:1321) Statutory Earnings
2 months ago | Simply Wall StIs China New City Commercial Development Limited (HKG:1321) Overpaying Its CEO?
3 months ago | Simply Wall StSome China New City Commercial Development (HKG:1321) Shareholders Have Taken A Painful 77% Share Price Drop
Is China New City Commercial Development undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 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).
How is China New City Commercial Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 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.
- Take a look at our analysis of 1321’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- China New City Commercial Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has China New City Commercial Development performed over the past 5 years?
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.
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nanlu Shi (36yo)
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 ...
|VP & Executive Director||6.58yrs||CN¥532.00k||no data|
|CEO & Executive Director||no data||no data||no data|
|Vice-President & Executive Director||no data||no data||no data|
|Independent Vice Chairperson||no data||CN¥200.00k||no data|
|Independent Non-Executive Director||6yrs||CN¥200.00k||no data|
|Chairperson of the Board||no data||no data||1.56% CN¥30.7m|
|Independent Non-Executive Director||6yrs||CN¥200.00k||no data|
|Vice Chairperson||no data||no data||no data|
Experienced Board: 1321's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China New City Commercial Development Limited's company bio, employee growth, exchange listings and data sources
- Name: China New City Commercial Development Limited
- Ticker: 1321
- Exchange: SEHK
- Founded: 1997
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$1.971b
- Shares outstanding: 2.01b
- Website: https://www.chinanewcity.com.cn/en/global/home.php
Number of Employees
- China New City Commercial Development Limited
- Building 6, Xinhang Business Center
- 5th Floor
- Zhejiang Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1321||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jul 2014|
|C7B||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2014|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 13:31|
|End of Day Share Price||2020/05/29 00:00|
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.