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Joy City Property Limited
(0207)
Joy City Property Limited (0207) vs. iShares MSCI Hong Kong ETF (EWH)
Joy City Property Limited Business Overview & Revenue Model
Joy City Property Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.44B | 19.83B | 13.27B | 20.86B | 12.55B | 13.92B |
| Gross Profit | 19.44B | 5.64B | 5.64B | 6.43B | 4.95B | 5.26B |
| EBITDA | -11.30B | 4.20B | 5.49B | 4.14B | 3.62B | 5.18B |
| Net Income | -125.56M | -78.38M | 634.35M | 865.37M | 944.77M | 1.32B |
Balance Sheet | ||||||
| Total Assets | 130.07B | 135.22B | 143.62B | 140.00B | 131.02B | 124.17B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 19.12B | 19.43B | 16.90B | 10.35B | 16.05B |
| Total Debt | 32.09B | 44.50B | 44.42B | 45.97B | 39.24B | 35.14B |
| Total Liabilities | 74.29B | 79.83B | 87.18B | 81.91B | 73.00B | 70.57B |
| Stockholders Equity | 34.98B | 34.71B | 35.52B | 37.17B | 38.17B | 36.61B |
Cash Flow | ||||||
| Free Cash Flow | 3.33B | 4.15B | 7.84B | 6.53B | -5.32B | 3.57B |
| Operating Cash Flow | 3.33B | 4.28B | 7.92B | 6.58B | -5.22B | 3.63B |
| Investing Cash Flow | 1.45B | -175.24M | 5.16B | -3.89B | -2.74B | 49.10M |
| Financing Cash Flow | -7.79B | -4.42B | -10.55B | 3.77B | 2.25B | 672.36M |
Joy City Property Limited Technical Analysis
Joy City Property Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $2.61B | 0.53 | 46.53% | ― | 26.59% | ― | |
| ― | €8.25B | -24.68 | -1.16% | 1.24% | 7.69% | 30.06% | |
| ― | HK$752.65M | -3.36 | -5.69% | 4.00% | -1.26% | 54.17% | |
| ― | €1.42B | -0.75 | -20.96% | 4.29% | -16.06% | -529.92% | |
| ― | $2.29B | -4.44 | -1.67% | ― | -21.25% | 24.06% | |
| ― | €1.63B | ― | -3.45% | ― | -55.51% | -67.95% |
Joy City Property Limited Corporate Events
Joy City Property Limited has announced a further delay in the dispatch of its Scheme Document related to a proposed share buy-back and withdrawal of its listing. The delay, now extended to October 31, 2025, is due to additional time needed for finalizing the document. This development may impact the company’s operational plans and requires shareholders and potential investors to exercise caution, as the proposal’s implementation is uncertain.
The most recent analyst rating on (HK:0207) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Joy City Property Limited stock, see the HK:0207 Stock Forecast page.
Joy City Property Limited has entered into a facility agreement with a group of financial institutions for a term loan facility amounting to US$150 million. This agreement includes specific performance obligations for COFCO Corporation, the controlling shareholder, and outlines conditions that could trigger a default if COFCO ceases to maintain its management control or shareholder status. The loan is intended to refinance existing indebtedness, with an initial maturity of 12 months, extendable to 36 months.
The most recent analyst rating on (HK:0207) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Joy City Property Limited stock, see the HK:0207 Stock Forecast page.
Joy City Property Limited has announced a proposed share buy-back through a scheme of arrangement under section 99 of the Companies Act, alongside a proposed withdrawal of its listing. The company has received consent to extend the deadline for dispatching the Scheme Document to October 15, 2025, as it finalizes the necessary information. This move could significantly impact the company’s market presence and shareholder value, and stakeholders are advised to exercise caution.
Joy City Property Limited reported a total operating revenue of RMB8,123.8 million for the first half of 2025, marking a 5.8% decrease from the previous year. Despite a decline in revenue, the company achieved a core net profit increase of 25.1% year-on-year, excluding certain losses, by maintaining low financing costs and optimizing its financing structure.
Joy City Property Limited has appointed Somerley Capital Limited as the Independent Financial Adviser to assess a proposed share buy-back scheme. This appointment aims to guide disinterested shareholders on the fairness and reasonableness of the proposal, which is subject to certain conditions and regulatory compliance.
Joy City Property Limited has announced a delay in the dispatch of its Scheme Document related to a proposed share buy-back and withdrawal of its listing. The delay is due to the need for additional time to finalize the document and accommodate the court’s schedule. The company has applied for an extension to dispatch the document by October 15, 2025, and further announcements will be made in compliance with the Takeovers Code. Shareholders and investors are advised to exercise caution as the proposal’s implementation is subject to certain conditions.
Joy City Property Limited reported its unaudited operating figures for the first half of 2025, highlighting varied occupancy rates across its properties. Notably, Chengdu Tianfu Joy City saw a significant increase in average unit rental, while Chongqing Joy City experienced a substantial decrease due to a rent reduction policy. The company’s hotel operations showed strong occupancy, with the MGM Grand Sanya achieving a 91% occupancy rate. The announcement serves as a voluntary disclosure and cautions investors about relying on these unaudited figures for assessing the company’s financial performance.
Joy City Property Limited has entered into a Facility Agreement with a financial institution for a loan facility of up to HK$3 billion. The agreement includes specific performance obligations for COFCO Corporation, the controlling shareholder. If COFCO ceases to be the largest shareholder or loses management control, the loan will become immediately due. This move highlights the company’s strategic financial management and reliance on COFCO’s continued control.
Joy City Property Limited announced the successful issuance of RMB1.5 billion medium-term notes by its subsidiary, COFCO Commercial Property Investment Co., Ltd., in the PRC. The notes, rated ‘AAA’ by China Cheng Xin International Credit Rating Co. Ltd., will be used to redeem previous notes issued in August 2023, reflecting the company’s ongoing financial strategy and business development.
Joy City Property Limited, through its subsidiary Sanya Zhenyue, has successfully acquired land use rights in Sanya City, Hainan Province, China, for RMB784,100,000. This acquisition is intended for future residential development and marks a significant strategic investment for the company. The transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, requiring reporting and announcement but not shareholder approval. This move is expected to enhance the company’s portfolio and strengthen its market position in the Chinese real estate sector.
Joy City Property Limited has announced a board meeting scheduled for August 28, 2025, to approve and publish the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.
Joy City Property Limited has announced a proposed share buy-back through a scheme of arrangement under Section 99 of the Companies Act, with a cancellation price set at HK$0.62 per share. The proposal includes the withdrawal of the company’s listing from the Hong Kong Stock Exchange, and upon effectiveness, the shares will be predominantly owned by Grandjoy Holdings Group and Achieve Bloom.