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China Resources Land
(1109)
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Rating:67Neutral
Price Target:
HK$38.00
â–²(9.26% Upside)
Action:Downgraded
Date:06/19/26
Overall score is supported primarily by attractive valuation (low P/E and strong dividend yield). This is tempered by softer financial fundamentals versus 2023 (lower margins/earnings, negative revenue momentum, and meaningful leverage with historically volatile cash flows), while technicals are mixed with neutral momentum and the price below key short-term averages.
Positive Factors
Recurring Investment Property Income
The investment-property portfolio provides recurring rent and operating income alongside development sales. This mix can smooth earnings through housing cycles, while occupancy, tenant quality and renewals offer operating levers for sustained cash generation.
Negative Factors
Declining Revenue and Margins
Lower revenue and compressed margins show that the development business is operating with less earnings cushion. If weaker housing demand or pricing persists, reduced profitability could constrain reinvestment and make earnings more sensitive to project timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Investment Property Income
The investment-property portfolio provides recurring rent and operating income alongside development sales. This mix can smooth earnings through housing cycles, while occupancy, tenant quality and renewals offer operating levers for sustained cash generation.
Read all positive factors
China Resources Land (1109) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$213.07B
Dividend Yield4.37%
Average Volume (3M)23.67M
Price to Earnings (P/E)7.9
Beta (1Y)1.10
Revenue Growth-10.40%
EPS Growth-11.38%
CountryHK
Employees59,077
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)3.53
Shares Outstanding7,130,939,500
10 Day Avg. Volume43,147,957
30 Day Avg. Volume23,671,786
Financial Highlights & Ratios
PEG Ratio-13.68
Price to Book (P/B)0.67
Price to Sales (P/S)0.69
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$43.65Price Target Upside25.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)3.07
Revenue Forecast (FY)HK$229.29B
China Resources Land Business Overview & Revenue Model
Company Description
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China. The company operates through four segments: Development Property Business, I...
How the Company Makes Money
China Resources Land makes money primarily through two major models: (1) property development and sales, and (2) investment property operations.
1) Property development and sales (development segment)
- Revenue generation: The company develops re...
China Resources Land Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 281.33B | 278.80B | 251.14B | 234.34B | 256.50B |
| Gross Profit | 59.72B | 60.33B | 63.16B | 61.44B | 68.23B |
| EBITDA | 46.36B | 62.71B | 69.33B | 66.49B | 77.01B |
| Net Income | 25.41B | 25.58B | 31.37B | 31.99B | 39.67B |
Balance Sheet | |||||
| Total Assets | 1.08T | 1.13T | 1.19T | 1.23T | 1.16T |
| Cash, Cash Equivalents and Short-Term Investments | 122.68B | 137.03B | 119.73B | 110.03B | 132.24B |
| Total Debt | 287.72B | 266.29B | 239.33B | 255.37B | 227.46B |
| Total Liabilities | 659.67B | 731.65B | 807.03B | 842.37B | 805.29B |
| Stockholders Equity | 289.61B | 272.51B | 264.87B | 277.95B | 277.35B |
Cash Flow | |||||
| Free Cash Flow | 37.89B | 45.62B | 46.09B | -6.92B | 72.63M |
| Operating Cash Flow | 38.79B | 46.59B | 47.35B | -4.71B | 2.76B |
| Investing Cash Flow | -51.31B | -22.42B | -39.30B | -31.13B | -24.14B |
| Financing Cash Flow | -3.01B | -5.69B | 8.97B | 21.84B | 44.85B |
China Resources Land Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$164.21B | 12.44 | 3.39% | 3.79% | 47.69% | 16.48% | |
67 Neutral | HK$213.07B | 7.94 | 8.04% | 4.37% | -10.40% | -11.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$141.30B | 11.02 | 2.82% | 3.84% | 3.89% | -16.76% | |
62 Neutral | HK$345.42B | 15.76 | 3.55% | 3.16% | 4.66% | 26.27% | |
46 Neutral | HK$41.63B | -133.18 | -0.16% | 3.03% | -41.83% | -102.04% | |
43 Neutral | HK$41.51B | -0.43 | -61.59% | 7.60% | -34.04% | -80.30% |
* Real Estate Sector Average
HK:1109
China Resources Land
30.44
-1.25
-3.94%
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2.46
-3.18
-56.39%
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China Overseas Land & Investment
13.01
-1.21
-8.53%
HK:1113
CK Asset Holdings
47.02
10.36
28.27%
HK:0960
Longfor Group Holdings
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-5.07
-44.87%
HK:0016
Sun Hung Kai Properties
119.80
25.76
27.39%
China Resources Land Corporate Events
China Resources Land Sets August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
China Resources Land has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company and its subsidiaries, and to authorize their publication. The board will also con...
China Resources Land Posts Higher Sales Value and Strong Rental Growth Despite Weaker Volumes
Aug 12, 2026
China Resources Land reported unaudited operating figures for July 2026 showing gross contracted sales of about RMB14.10 billion and contracted gross floor area of 0.410 million square meters. Sales value rose 6.0% year on year while sales area fe...
China Resources Land Sees Sales Volume Dip but Rental Income Strengthen in First Half of 2026
Jul 13, 2026
China Resources Land reported unaudited operating figures for June 2026 showing that contracted sales softened while its rental-based recurring income continued to grow. The group recorded gross contracted sales of about RMB22.99 billion for the m...
China Resources Land Obtains CNY1 Billion Term Loan Tied to Shareholding Covenant
Jun 18, 2026
China Resources Land has secured a new term loan facility of up to CNY1 billion, or its Hong Kong dollar equivalent, from a single bank for a 36‑month period starting from the first drawdown. The funding is expected to support the group̵...
China Resources Land Growth in Sales Value and Rental Income for May 2026
Jun 12, 2026
China Resources Land reported that in May 2026 it achieved gross contracted sales of about RMB23.51 billion, a 28.1% year-on-year increase, even as contracted gross floor area fell 19.7% to 0.521 million square metres. For the first five months of...
China Resources Land Tightens Governance With Updated Executive Committee Mandate
Jun 10, 2026
China Resources Land has updated the terms of reference for its executive committee, originally established in 2017, to clarify its role in managing the company’s day-to-day operations. The revised charter formalizes the committee’s co...
China Resources Land Wins Full Shareholder Backing at 2026 AGM
Jun 9, 2026
China Resources Land reported that shareholders approved all resolutions at its annual general meeting held on 9 June 2026, endorsing the 2025 audited financial statements and a final dividend of RMB0.966 per share, payable on 3 August 2026 to sha...
China Resources Land Sets Final 2025 Dividend and Currency Options
Jun 9, 2026
China Resources Land has declared a final ordinary dividend of RMB 0.966 per share for the financial year ended 31 December 2025, with shareholders able to receive the payout in Hong Kong dollars at HKD 1.11 per share. The updated announcement spe...
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.