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New City Development Group Limited (0456) AI Stock Analysis
New City Development Group Limited
(HKEX:0456)
The overall score is low mainly because the company’s core financial profile is very fragile, with shrinking revenue, large persistent losses, and a highly leveraged balance sheet despite some recent improvement in cash generation. Secondary factors offer limited offset: technical indicators suggest a neutral, sideways trend rather than strong upside, and valuation is constrained by a negative P/E and lack of dividend support, leaving the stock high risk with modest technical stability but no clear value or momentum tailwinds.
New City Development Group Limited (0456) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 112.47M
- Dividend Yield
- ―
- Average Volume (3M)
- 83.86K
- Price to Earnings (P/E)
- -0.3
- Beta (1Y)
- 0.54
- Revenue Growth
- -39.55%
- EPS Growth
- -72.98%
- Country
- Hong Kong
- Employees
- 46
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
New City Development Group Limited Business Overview & Revenue Model
Company Description
New City Development Group Limited operates as an investment holding firm, with its main activities centered on property development and investments across the People's Republic of China. The company also diversifies its operations through bus sales,...
New City Development Group Limited Financial Statement Overview
Summary
Financials are very weak: revenue has shrunk sharply, profitability is deeply negative, and leverage is high with eroding equity, only partly offset by recent but still volatile improvements in operating and free cash flow.
Income Statement
15Very NegativeBalance Sheet
12Very NegativeCash Flow
40Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.53M | 63.50M | 98.61M | 172.93M | 180.19M | 197.82M |
| Gross Profit | -2.92M | 20.23M | 49.80M | 79.87M | 81.81M | 93.76M |
| EBITDA | -240.87M | -221.51M | -112.67M | -163.57M | -55.19M | -21.67M |
| Net Income | -309.48M | -220.96M | -127.65M | -125.95M | -76.23M | -64.42M |
Balance Sheet | ||||||
| Total Assets | 1.56B | 1.47B | 1.61B | 1.73B | 1.97B | 2.29B |
| Cash, Cash Equivalents and Short-Term Investments | 62.21M | 64.21M | 8.46M | 36.82M | 33.15M | 42.02M |
| Total Debt | 416.69M | 402.42M | 253.17M | 700.53M | 736.76M | 864.71M |
| Total Liabilities | 1.60B | 1.37B | 1.34B | 1.36B | 1.44B | 1.55B |
| Stockholders Equity | 82.46M | 159.46M | 327.94M | 406.06M | 544.19M | 706.42M |
Cash Flow | ||||||
| Free Cash Flow | 197.81M | 211.50M | 58.70M | 109.80M | 175.73M | -274.09M |
| Operating Cash Flow | 211.94M | 226.57M | 62.62M | 115.80M | 175.74M | -266.01M |
| Investing Cash Flow | 13.07M | 12.13M | -3.87M | -6.00M | 85.00K | -8.68M |
| Financing Cash Flow | -230.93M | -244.00M | -60.29M | -108.64M | -216.04M | 232.43M |
New City Development Group Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0456, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.54, below the 50-day MA of 0.51, and below the 200-day MA of 0.50, indicating a bearish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 38.62 is Neutral, neither overbought nor oversold. The STOCH value of 16.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0456.
New City Development Group Limited Peers Comparison
Overall Rating
HK:026246Neutral
HK:363946Neutral- HK:045644Neutral
HK:123343Neutral
HK:228642Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| HK:0262 | 46Neutral | HKD 108.54M | -1.32 | -6.58% | ― | -10.18% | -11.53% |
| HK:3639 | 46Neutral | HKD 69.77M | -0.02 | -79.82% | ― | -30.07% | -13.55% |
| HK:0456 | 44Neutral | HKD 112.47M | -0.26 | -255.84% | ― | -39.55% | -72.98% |
| HK:1233 | 43Neutral | HKD 138.21M | 0.02 | -50.76% | ― | -73.22% | ― |
| HK:2286 | 42Neutral | HKD 113.40M | -0.31 | -38.15% | ― | -46.69% | -3.44% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0456 | New City Development Group Limited | 0.47 | -0.05 | -10.58% | |
| HK:1233 | Times China Holdings | 0.05 | -0.08 | -64.34% | |
| HK:3639 | Yida China Holdings Ltd. | 0.03 | -0.02 | -49.02% | |
| HK:2286 | Chen Xing Development Holdings Limited | 0.17 | -0.02 | -10.82% | |
| HK:0262 | Deson Development International Holdings Limited | 0.07 | 0.00 | 5.71% |
New City Development Group Limited Corporate Events
New City Development Updates Investors on Receivers’ Search for Buyer of Charged Shares
New City Development Group Limited has issued a monthly update under Hong Kong’s Takeovers Code, confirming that receivers appointed over 86,485,742 charged shares remain actively engaged in seeking a potential purchaser. The receivers have rec...
New City Development Group Revamps Company Secretary and Compliance Roles
New City Development Group Limited has announced changes to its key governance roles, with the resignation of company secretary and authorised representative Eva Lee, effective 7 October 2026. The board stated that Lee has no disagreements with direc...
New City Development Updates Investors on Ongoing Search for Buyer of Charged Shares
New City Development Group Limited has disclosed that joint receivers and managers appointed over 86,485,742 charged shares of the company continue to seek a buyer for this sizeable stake. The board reiterated that the receivers, who were appointed i...
New City Development Group Updates Board and Committee Roles
New City Development Group Limited has announced the latest composition of its board, confirming HAN Junran as chairman and co-chief executive officer alongside executive directors LUO Min and deputy chairman Luo Zhen, and four independent non-execut...
New City Development boosts board with appointment of deputy chairman
New City Development Group Limited has strengthened its senior leadership by appointing executive director Luo Zhen as deputy chairman with effect from 31 August 2026, adding further depth to the governance of the Hong Kong-listed real estate group....
New City Development Group Swings to Deep Interim Loss on Revenue Drop and Surging Finance Costs
New City Development Group Limited reported a sharp decline in revenue to HK$7.3 million for the six months ended 30 June 2026, down from HK$28.3 million a year earlier, with gross profit collapsing to HK$0.6 million from HK$25.6 million. The company...
New City Development Group Sets Board Meeting to Approve Interim Results
New City Development Group Limited has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The session, to be held in the afternoon, will also address any other business, signa...
New City Development Fully Utilises HK$6.63 Million Share Proceeds for Working Capital
New City Development Group Limited has clarified how it used the proceeds from a January 2025 subscription of 21 million new shares at HK$0.325 each, which generated net proceeds of about HK$6.63 million intended for general working capital. The comp...
New City Development Updates Market on Sale Talks Over Charged Shares
New City Development Group Limited has issued a monthly update under Hong Kong’s Takeovers Code, confirming that receivers appointed over 86,485,742 charged shares are continuing to seek a buyer. The receivers have received expressions of inter...
New City Development Names Li Yang Co-CEO in Leadership Reshuffle
New City Development Group Limited has reshaped its top management structure, appointing veteran investment and technology executive Li Yang as Co-Chief Executive Officer and redesignating Han Junran from Chief Executive Officer to Co-CEO, effective...
New City Development Group Clarifies Board and Committee Structure
New City Development Group Limited has announced the current composition of its board, led by executive director and chairman Han Junran, who also serves as co-chief executive officer alongside fellow executive directors Luo Min and Luo Zhen. The boa...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 03, 2026