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China New City Commercial Development Ltd
(1321)
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Rating:48Neutral
Price Target:
HK$0.59
▲(0.68% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak financial performance (sharp 2025 revenue decline, large losses, negative free cash flow, and higher leverage). Technical indicators provide some offset with a price trading above key moving averages and positive MACD, but valuation support is limited due to a negative P/E and no provided dividend yield.
Positive Factors
Integrated commercial property platform
Operating across development, ownership, leasing, tenant management, and asset operations gives the company several ways to participate in commercial-property activity. This integrated model can support ongoing leasing and management operations alongside development and ownership of completed assets over the medium term.
Negative Factors
Sharp revenue and profit deterioration
The 2025 revenue decline of roughly 53% and swing from 2024 profitability to a large net loss show substantial deterioration in the operating model. Deeply negative gross and operating margins reduce internal funding capacity and make near-term earnings power less dependable for a property platform.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated commercial property platform
Operating across development, ownership, leasing, tenant management, and asset operations gives the company several ways to participate in commercial-property activity. This integrated model can support ongoing leasing and management operations alongside development and ownership of completed assets over the medium term.
Read all positive factors
China New City Commercial Development Ltd (1321) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.38B
Dividend YieldN/A
Average Volume (3M)64.87K
Price to Earnings (P/E)―
Beta (1Y)-0.20
Revenue Growth-50.66%
EPS Growth-262.73%
CountryHK
Employees1,003
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.08
Shares Outstanding1,844,023,100
10 Day Avg. Volume40,200
30 Day Avg. Volume64,866
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.23
Price to Sales (P/S)1.40
P/FCF Ratio-0.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China New City Commercial Development Ltd Business Overview & Revenue Model
Company Description
China New City Commercial Development Limited serves as an investment holding company, with its core activities encompassing commercial property development, rental operations, and hotel management, both within Mainland China and internationally. ...
China New City Commercial Development Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 739.80M | 739.70M | 4.10B | 1.30B | 591.78M | 871.07M |
| Gross Profit | 108.22M | 91.07M | 2.06B | 368.10M | 117.37M | 216.50M |
| EBITDA | 322.94M | -29.91M | 1.37B | -225.16M | -138.56M | -103.22M |
| Net Income | -147.94M | -276.19M | 503.91M | -404.14M | -432.52M | -295.14M |
Balance Sheet | ||||||
| Total Assets | 12.54B | 12.96B | 13.39B | 13.53B | 15.18B | 15.50B |
| Cash, Cash Equivalents and Short-Term Investments | 185.89M | 181.69M | 839.04M | 181.19M | 968.25M | 1.60B |
| Total Debt | 5.40B | 5.08B | 3.43B | 3.26B | 4.19B | 4.80B |
| Total Liabilities | 7.87B | 8.38B | 8.04B | 8.69B | 9.87B | 9.77B |
| Stockholders Equity | 4.61B | 4.52B | 5.27B | 4.75B | 5.10B | 5.50B |
Cash Flow | ||||||
| Free Cash Flow | -616.71M | -1.49B | 1.05B | 613.04M | -333.21M | 694.08M |
| Operating Cash Flow | -575.68M | -1.42B | 1.09B | 683.94M | -214.66M | 813.02M |
| Investing Cash Flow | -148.53M | -986.61M | -410.66M | -120.79M | 261.90M | 447.90M |
| Financing Cash Flow | 592.06M | 1.64B | -23.41M | -1.33B | -706.57M | -651.25M |
China New City Commercial Development Ltd Technical Analysis
Positive
0.59
Price Trends
0.71
Positive
0.74
Positive
0.68
Positive
Market Momentum
>-0.01
Negative
63.27
Neutral
91.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1321, the sentiment is Positive. The current price of 0.59 is below the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.71, and below the 200-day MA of 0.68, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 63.27 is Neutral, neither overbought nor oversold. The STOCH value of 91.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1321.
China New City Commercial Development Ltd 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% | |
54 Neutral | HK$862.29M | 0.88 | 128.24% | 7.61% | -2.43% | ― | |
50 Neutral | HK$1.26B | -0.14 | -81.01% | 2.65% | 293.30% | -29.87% | |
48 Neutral | HK$1.38B | -8.02 | -3.24% | ― | -50.66% | -262.73% | |
41 Neutral | HK$1.22B | -0.14 | -28.48% | 4.55% | ― | ― | |
41 Neutral | HK$666.60M | -0.15 | -14.48% | 11.78% | -24.38% | 32.63% | |
41 Neutral | HK$1.14B | -1.29 | -6.95% | 5.86% | -72.43% | -49.43% |
* Real Estate Sector Average
HK:1321
China New City Commercial Development Ltd
0.75
0.02
2.74%
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0.20
-0.09
-31.72%
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Peking University Resources Holdings Co. Ltd.
0.32
0.15
95.65%
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China South City Holdings Limited
0.11
0.00
0.00%
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Powerlong Real Estate Holdings Ltd.
0.16
-0.18
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Shanghai Industrial Urban Development Group Ltd
0.24
-0.10
-29.71%
China New City Commercial Development Ltd Corporate Events
China New City Group Swings Back to Profit on Property Valuation Gains
Aug 20, 2026
China New City Group Limited reported unaudited interim results for the six months ended 30 June 2026, showing stable revenue of RMB366.4 million, roughly flat year-on-year. The group’s total assets decreased slightly to RMB12.54 billion, wh...
China New City Signals Sharp Interim Profit Rebound on Property Revaluation Gains
Aug 17, 2026
China New City Group Limited has issued a positive profit alert, indicating it expects to post a net profit of about RMB92.7 million for the six months ended 30 June 2026, reversing a net loss of roughly RMB35.5 million a year earlier. The board e...
China New City Group Sets Board Meeting to Review Interim Results and Dividend
Aug 10, 2026
China New City Group Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operating in the China-focused commercial development and investment sector. It is governed by a board that includes executive, non-execu...
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.