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China Jinmao Holdings Group Limited
(0817)
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Rating:49Neutral
Price Target:
HK$1.50
â–˛(22.95% Upside)
Action:Reiterated
Date:08/27/26
The score is held down primarily by weak financial quality—elevated/worsening leverage, reduced equity buffer, and ongoing cash burn despite a return to profitability. Technicals are a relative positive (price above major moving averages with positive MACD), but valuation remains unfavorable with a high P/E and only a modest dividend yield.
Positive Factors
Diversified Revenue Model
The combination of development sales with recurring leasing, operating, hospitality, and service income gives Jinmao multiple revenue channels. A broader operating base can support resilience across property cycles, while completed assets may provide recurring income alongside lumpy project deliveries.
Negative Factors
Elevated and Rising Leverage
Rising leverage and a shrinking equity base reduce Jinmao’s balance-sheet cushion against property-market weakness. High debt increases exposure to refinancing and funding pressure, limits financial flexibility, and can constrain investment or development capacity when conditions become less favorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Model
The combination of development sales with recurring leasing, operating, hospitality, and service income gives Jinmao multiple revenue channels. A broader operating base can support resilience across property cycles, while completed assets may provide recurring income alongside lumpy project deliveries.
Read all positive factors
China Jinmao Holdings Group Limited (0817) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$18.04B
Dividend Yield2.37%
Average Volume (3M)79.85M
Price to Earnings (P/E)38.4
Beta (1Y)1.86
Revenue Growth-7.73%
EPS Growth-14.40%
CountryHK
Employees8,182
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.03
Shares Outstanding13,512,467,000
10 Day Avg. Volume133,188,936
30 Day Avg. Volume79,853,827
Financial Highlights & Ratios
PEG Ratio-1.59
Price to Book (P/B)0.38
Price to Sales (P/S)0.24
P/FCF Ratio-2.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.06Price Target Upside68.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.09
Revenue Forecast (FY)HK$60.26B
China Jinmao Holdings Group Limited Business Overview & Revenue Model
Company Description
China Jinmao Holdings Group Limited, established in 2004 and headquartered in Wan Chai, Hong Kong, functions as an investment holding enterprise primarily engaged in real estate and hotel ventures within Mainland China. Its business is structured ...
How the Company Makes Money
China Jinmao primarily makes money through a combination of (1) property development revenue, (2) recurring income from investment properties and related operations, and (3) service and other property-related income.
1) Property development and s...
China Jinmao Holdings Group Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
34
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.68B | 59.37B | 59.05B | 72.40B | 82.99B | 90.06B |
| Gross Profit | 7.65B | 9.22B | 8.60B | 9.02B | 13.15B | 16.76B |
| EBITDA | 6.12B | 5.35B | 3.96B | 2.79B | 6.70B | 10.02B |
| Net Income | 1.04B | 1.25B | 1.06B | -6.90B | 1.98B | 4.69B |
Balance Sheet | ||||||
| Total Assets | 482.17B | 441.92B | 409.26B | 407.12B | 421.90B | 412.00B |
| Cash, Cash Equivalents and Short-Term Investments | 42.88B | 32.40B | 30.81B | 30.92B | 37.10B | 31.05B |
| Total Debt | 139.06B | 145.41B | 123.93B | 128.49B | 123.79B | 108.09B |
| Total Liabilities | 373.30B | 337.51B | 300.98B | 297.28B | 309.21B | 305.21B |
| Stockholders Equity | 39.43B | 38.06B | 53.58B | 39.29B | 47.45B | 49.96B |
Cash Flow | ||||||
| Free Cash Flow | 12.35B | -6.04B | -4.33B | 2.19B | 1.04B | 3.53B |
| Operating Cash Flow | 12.56B | -5.66B | -3.63B | 3.09B | 1.78B | 4.44B |
| Investing Cash Flow | 23.62B | 9.90B | 1.01B | 1.65B | 3.86B | -11.80B |
| Financing Cash Flow | -32.91B | -6.64B | 2.50B | -10.91B | 352.25M | -1.71B |
China Jinmao Holdings Group Limited Technical Analysis
Negative
1.22
Price Trends
1.39
Negative
1.51
Negative
1.47
Negative
Market Momentum
-0.03
Positive
39.05
Neutral
10.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0817, the sentiment is Negative. The current price of 1.22 is below the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.39, and below the 200-day MA of 1.47, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.05 is Neutral, neither overbought nor oversold. The STOCH value of 10.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0817.
China Jinmao Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$27.30B | 25.03 | 1.00% | 7.29% | -21.69% | 68.31% | |
49 Neutral | HK$18.04B | 38.37 | 2.69% | 2.37% | -7.73% | -14.40% | |
44 Neutral | HK$15.26B | -221.64 | -0.16% | 5.46% | 1.45% | 77.50% | |
42 Neutral | HK$13.29B | -8.97 | -2.23% | 10.97% | -20.78% | -318.43% | |
41 Neutral | HK$10.60B | 85.07 | 1.01% | 6.38% | -35.42% | 49.70% | |
40 Underperform | HK$10.01B | 83.81 | 0.13% | 5.05% | ― | ― |
* Real Estate Sector Average
HK:0817
China Jinmao Holdings Group Limited
1.27
-0.24
-15.67%
HK:3900
Greentown China Holdings
5.83
-4.01
-40.75%
HK:0683
Kerry Properties
18.52
-1.49
-7.43%
HK:0123
Yuexiu Property Co
3.24
-1.77
-35.33%
HK:0754
Hopson Development Holdings Limited
2.64
-0.91
-25.66%
HK:1030
Seazen Group Ltd.
1.43
-1.08
-43.00%
China Jinmao Holdings Group Limited Corporate Events
China Jinmao Declares Interim Dividend with Scrip Option and Sets Key Dates
Sep 3, 2026
China Jinmao Holdings Group Limited has declared an interim ordinary dividend of HKD 0.03 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. Shareholders may receive the dividend in cash by default or ...
China Jinmao Sets Timetable and Scrip Option for Interim Dividend
Sep 3, 2026
China Jinmao Holdings Group Limited has confirmed details for its interim dividend of HK3 cents per share, setting a timetable for determining shareholder eligibility and processing share transfers. The register of members will be closed from 18 t...
China Jinmao Subsidiary Reports Weaker Profit but Stronger Cash Position for H1 2026
Aug 25, 2026
Shanghai Jinmao Investment Management Group Co., Ltd., a wholly owned subsidiary of China Jinmao Holdings Group Limited, has disclosed key unaudited financial data for the six months ended 30 June 2026, as required for its onshore corporate bonds....
China Jinmao Declares Interim Dividend With Scrip Option for 2026 Half-Year
Aug 25, 2026
China Jinmao Holdings Group Limited has declared an interim ordinary dividend of HKD 0.03 per share for the six months ended 30 June 2026, payable in cash by default with an option for shareholders to receive scrip shares instead. The dividend, sc...
China Jinmao Holds Dividend as Interim Profit Declines
Aug 25, 2026
China Jinmao Holdings Group Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RMB21,418.2 million, down 15 per cent year-on-year, and profit attributable to owners of the parent of RMB879.2 millio...
China Jinmao Raises Intra‑Group Loan Caps in Discloseable Transaction
Aug 20, 2026
China Jinmao has amended a loan framework agreement involving its indirect subsidiary Shanghai Baoyang and fellow shareholders Suzhou Tengmao, Shanghai Baoye and Shanghai Yanghang. Under a supplemental deal signed on 20 August 2026, Shanghai Baoya...
China Jinmao Posts RMB66.7 Billion in Unaudited Contracted Sales for First Seven Months of 2026
Aug 11, 2026
China Jinmao reported unaudited contracted sales of RMB9.2 billion in July 2026, corresponding to a gross floor area of about 273,000 square meters. For the first seven months of 2026, cumulative contracted sales reached RMB66.7 billion over rough...
China Jinmao Sets August Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
China Jinmao Holdings Group Limited has scheduled a board meeting for 25 August 2026 to review and approve the unaudited condensed consolidated interim results for the six months ended 30 June 2026. The board will also consider whether to recommen...
China Jinmao Raises RMB2.5bn via New Medium-Term Notes to Refinance Debt
Jul 17, 2026
China Jinmao Holdings Group Limited, via its wholly owned subsidiary Shanghai Jinmao Investment Management Group Co., Ltd., has issued a second tranche of domestic unsecured medium-term notes due 2026 with a principal amount of RMB2.5 billion. The...
China Jinmao Unveils Intra-Group Loan Framework Classified as Discloseable Transaction
Jul 10, 2026
China Jinmao has disclosed that its indirect non-wholly-owned subsidiary Shanghai Hanmao has signed a framework agreement dated 10 July 2026 to provide proportionate loans to Shanghai Jinmao, Jiaxing Jinmao and Jiaxing Yaomao. The loan allocations...
China Jinmao Posts RMB57.5bn in First-Half 2026 Contracted Sales
Jul 9, 2026
China Jinmao reported unaudited contracted sales of RMB15.77 billion for June 2026, generated from a gross floor area of about 598,000 square metres, underscoring continued activity across its mainland China projects. For the first half of 2026, c...
China Jinmao reshapes board with new non-executive director
Jun 24, 2026
China Jinmao Holdings Group has announced a board reshuffle, with non-executive director Wang Wei stepping down from the board and the Remuneration and Nomination Committee due to other business commitments, effective 24 June 2026. The company emp...
China Jinmao Outlines Board Structure and Governance Committees
Jun 24, 2026
China Jinmao Holdings Group Limited has disclosed the current composition of its board, detailing executive, non-executive and independent non-executive directors, including Chairman Tao Tianhai and senior management such as the chief financial of...
China Jinmao Wins Shareholder Backing for All AGM Resolutions, Secures Fresh Capital Mandates
Jun 23, 2026
China Jinmao Holdings Group Limited reported that all resolutions at its 2025 annual general meeting on 23 June 2026 were approved by shareholders via poll. Investors endorsed the audited financial statements for the year ended 31 December 2025, r...
China Jinmao to Fully Acquire Tianjin Timao in RMB884 Million Deal
Jun 16, 2026
China Jinmao has moved to fully consolidate its stake in Tianjin Timao, a project company developing a major residential scheme in Tianjin’s Hexi District, by acquiring the remaining 51% equity and associated debt interests from Jiaxing Cong...
China Jinmao Books RMB41.7 Billion in Contracted Sales in First Five Months of 2026
Jun 9, 2026
China Jinmao Holdings Group Limited reported unaudited contracted sales of RMB10.493 billion for May 2026, representing 368,427.48 square meters of gross floor area sold. Over the first five months of 2026, accumulated contracted sales reached RMB...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.