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Times China Holdings (1233) AI Stock Analysis

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HK:1233

Times China Holdings

(HKEX:1233)

Select Model
Rating:43Neutral
Price Target:HKD 0.05â–²(0.00% Upside)
Action:reiterated
Date:10/22/26

The score is driven primarily by severe financial deterioration, negative equity, high debt, and elevated solvency risk. Mixed technical indicators and the unusually low reported P/E provide limited support, but do not offset the company's fundamental distress.

Positive Factors
Positive cash generationPositive operating and free cash flow across 2023–2025 provides a useful counterweight to reported losses. Continued cash generation can help fund essential obligations internally and offers some financial resilience, even though the amounts remain modest relative to the debt burden.
Negative Factors
Sharp revenue contractionThe sharp and multi-year revenue contraction signals materially weaker property deliveries or sales activity and reduces the scale from which the company can recover. Persistent top-line decline also limits operating leverage, cash generation potential, and the ability to service debt through normal business growth.

Times China Holdings (1233) vs. iShares MSCI Hong Kong ETF (EWH)

-100%-80%-60%-40%-20%0%20%HK:1233-64.34%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 24.94M
Dividend Yield
―
Average Volume (3M)
14.38M
Price to Earnings (P/E)
0.0
Beta (1Y)
0.45
Revenue Growth
-73.22%
EPS Growth
―
Country
Hong Kong
Employees
1,049
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Times China Holdings Business Overview & Revenue Model

Company Description

Times China Holdings Limited, an investment holding firm, operates as a real estate developer across the People's Republic of China. Its business activities are categorized into three main divisions: Property Development, Urban Redevelopment Business...

How the Company Makes Money

Times China Holdings primarily generates revenue from the sale of developed properties, recognizing income when residential and mixed-use units are delivered/handed over to customers under applicable accounting rules. A secondary source of revenue ca...

Times China Holdings Financial Statement Overview

Summary

Severe financial distress: revenue has collapsed, profitability is deeply negative, equity is negative, debt remains high, and solvency risk is elevated. Positive recent cash flow is a relative strength but appears linked to working-capital release and asset contraction.

Income Statement

8Very Negative

Balance Sheet

5Very Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.32B3.35B13.11B21.01B24.42B43.64B
Gross Profit-13.11B-13.07B-7.23B161.62M3.36B12.05B
EBITDA-9.80B-16.92B-9.87B-2.47B-7.62B10.12B
Net Income6.92B-205.70M-16.61B-4.51B-9.86B3.26B
Balance Sheet
Total Assets60.18B64.90B88.54B121.11B149.93B198.39B
Cash, Cash Equivalents and Short-Term Investments1.08B1.08B840.48M1.73B2.74B14.72B
Total Debt27.58B33.24B51.66B49.96B50.28B56.63B
Total Liabilities64.01B72.73B96.41B110.45B130.02B155.74B
Stockholders Equity-11.62B-15.66B-16.42B633.38M5.75B19.26B
Cash Flow
Free Cash Flow183.96M961.61M1.33B4.22B-546.33M78.90M
Operating Cash Flow183.82M963.78M1.34B4.25B-510.64M128.97M
Investing Cash Flow15.84M269.90M-467.37M56.45M1.57B-22.32B
Financing Cash Flow-864.55M-1.66B-1.76B-5.31B-13.05B3.41B

Times China Holdings Technical Analysis

Technical Analysis SentimentNegative
Last Price0.05

Price Trends

50DMA0.05Negative
100DMA0.04Positive
200DMA0.05Negative

Market Momentum

MACD-0.00Positive
RSI43.49Neutral
STOCH29.29Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1233, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 43.49 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1233.

Times China Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1233 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:1996HK:199645NeutralHKD 76.24M-0.0272.87%―-70.44%20.78%
HK:3301HK:330143NeutralHKD 119.52M-0.0143.10%―-66.81%17.12%
HK:1233HK:123343NeutralHKD 138.21M0.02-50.76%―-73.22%―
HK:1628HK:162840UnderperformHKD 151.68M0.00233.62%―25.99%―
HK:6158HK:615839UnderperformHKD 69.88M-0.0060.28%―-56.20%-81.98%
HK:2772HK:277237UnderperformHKD 134.21M-0.01592.20%―-55.40%-340.10%

* Real Estate Sector Average

Performance Comparison

-50%0%50%HK:1233HK:6158HK:1996HK:2772HK:1628HK:3301Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1233 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1233Times China Holdings 0.05-0.08-64.34%
HK:6158Zhenro Properties Group Limited0.02-0.02-56.76%
HK:1996Redsun Properties Group Ltd.0.02-0.02-48.89%
HK:2772Zhongliang Holdings Group Company Limited0.03-0.04-57.75%
HK:1628Yuzhou Group Holdings Co., Ltd.0.10-0.06-34.81%
HK:3301Ronshine China Holdings Ltd.0.07-0.10-57.23%

Times China Holdings Corporate Events

Times China Posts RMB2.5 Billion in Unaudited Contracted Sales for First Nine Months of 2026

Oct 12, 2026

Times China Holdings Limited reported unaudited aggregated contracted sales of approximately RMB2,516 million for the nine months ended 30 September 2026, covering about 239,900 square meters of gross floor area when including joint ventures. For Sep...

Times China Details Interest Election on Senior Notes in Regulatory Filing

Sep 30, 2026

Times China Holdings Limited has announced an interest election relating to multiple tranches of senior notes listed on the Singapore Exchange, including 4.0% notes due 2029, 4.2% notes due 2032 and 4.5% notes due 2033/2035 issued under Regulation S,...

Times China Presses Ahead With Offshore and Onshore Debt Restructuring

Sep 30, 2026

Times China Holdings Limited has provided a quarterly update on its efforts to address an auditor’s disclaimer of opinion on its 2025 accounts, driven by going-concern uncertainties. The Group is implementing a series of liability management an...

Times China Posts RMB2.24 Billion in Unaudited Contracted Sales for First Eight Months of 2026

Sep 7, 2026

Times China Holdings reported unaudited aggregated contracted sales of approximately RMB2,237 million for the eight months ended 31 August 2026, corresponding to about 219,700 square meters of gross floor area, including joint ventures. For August al...

Times China Swings to Interim Profit Despite Sharp Drop in Sales

Aug 28, 2026

Times China Holdings, a Hong Kong-listed mainland property developer, reported sharply lower contracted sales of RMB1.83 billion for the first half of 2026, down 36.2% year on year, with the average selling price per square meter falling 22.5%. Reven...

Times China Signals Interim Profit on Bond Restructuring Gains

Aug 25, 2026

Times China Holdings has issued a positive profit alert, indicating it expects to report a net profit attributable to shareholders of between RMB3.5 billion and RMB3.8 billion for the six months ended 30 June 2026, compared with a net loss of about R...

Times China Board to Review 2026 Interim Results and Consider Dividend

Aug 13, 2026

Times China Holdings has scheduled a board meeting for 28 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decision that coul...

Times China Posts RMB2.0 Billion in Unaudited Contracted Sales for Seven Months to July 2026

Aug 4, 2026

Times China Holdings reported unaudited aggregated contracted sales of approximately RMB2,032 million for the seven months ended 31 July 2026, corresponding to about 202,800 square meters of gross floor area sold, including contributions from joint v...

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.

Date of analysis: Oct 22, 2026