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Redsun Properties Group Ltd.
(1996)
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Rating:43Neutral
Price Target:
HK$0.02
▼(-26.67% Downside)
Action:Reiterated
Date:10/31/26
The score is primarily driven by weak financial performance—deep losses, negative margins, negative equity, and high debt—along with deteriorating operating/free cash flow that raises solvency and liquidity risk. Technical signals also remain bearish (price below key moving averages and negative MACD). Valuation is not compelling because the negative P/E reflects ongoing losses and there is no dividend yield provided.
Positive Factors
Commercial Property Platform
Redsun’s focus on large-scale shopping malls gives it an identifiable commercial-property platform rather than a purely one-off development model. Retail leasing can support recurring rental receipts, while operating the assets provides an ongoing base for tenant and service activity over the medium term.
Negative Factors
Revenue and Profitability Deterioration
Sharp revenue contraction and a net margin near negative 95% indicate severe deterioration in the company’s earnings engine. Negative gross profit and worsening operating results reduce internal funding capacity, weaken resilience, and make a durable recovery in earnings and cash generation more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial Property Platform
Redsun’s focus on large-scale shopping malls gives it an identifiable commercial-property platform rather than a purely one-off development model. Retail leasing can support recurring rental receipts, while operating the assets provides an ongoing base for tenant and service activity over the medium term.
Read all positive factors
Redsun Properties Group Ltd. (1996) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$76.24M
Dividend Yield5.97%
Average Volume (3M)376.73K
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth-70.44%
EPS Growth20.78%
CountryHK
Employees376
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.18
Shares Outstanding3,338,898,000
10 Day Avg. Volume164,100
30 Day Avg. Volume376,733
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.02
Price to Sales (P/S)0.02
P/FCF Ratio-0.31
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
Redsun Properties Group Ltd. Business Overview & Revenue Model
Company Description
Operating across the People's Republic of China, Redsun Properties Group Limited, along with its various affiliates, is primarily engaged in the real estate development sector. Its comprehensive business model is segmented into three key areas: Pr...
How the Company Makes Money
Redsun Properties Group Ltd. primarily makes money through its commercial property business, especially shopping malls. Key revenue streams include (1) rental income from leasing retail/commercial space to tenants in its malls and other investment...
Redsun Properties Group Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.31B | 4.32B | 11.31B | 19.79B | 20.01B | 26.67B |
| Gross Profit | -1.66B | -746.50M | -177.07M | -669.72M | 1.67B | 5.08B |
| EBITDA | -2.28B | -1.10B | -654.71M | -5.21B | 381.27M | 3.29B |
| Net Income | -3.94B | -4.12B | -5.02B | -7.21B | -3.88B | 1.25B |
Balance Sheet | ||||||
| Total Assets | 48.52B | 50.64B | 60.01B | 74.91B | 101.73B | 132.75B |
| Cash, Cash Equivalents and Short-Term Investments | 492.70M | 546.04M | 1.32B | 1.19B | 4.91B | 16.25B |
| Total Debt | 20.30B | 20.77B | 21.63B | 22.34B | 25.67B | 35.85B |
| Total Liabilities | 48.67B | 48.64B | 52.83B | 60.08B | 77.93B | 101.00B |
| Stockholders Equity | -6.25B | -4.56B | -432.78M | 4.69B | 11.92B | 15.77B |
Cash Flow | ||||||
| Free Cash Flow | 748.39M | -320.96M | -472.36M | 314.02M | 1.61B | 344.64M |
| Operating Cash Flow | 780.25M | -289.40M | -450.55M | 342.25M | 1.63B | 366.28M |
| Investing Cash Flow | -401.26M | 591.50M | 1.16B | 1.17B | 1.62B | -2.59B |
| Financing Cash Flow | -732.06M | -1.03B | -1.14B | -2.90B | -14.70B | 3.74B |
Redsun Properties Group Ltd. Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
43.30
Neutral
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1996, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.30 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1996.
Redsun Properties Group 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% | |
50 Neutral | HK$616.35M | -0.90 | -56.69% | 5.18% | -80.29% | 26.58% | |
45 Neutral | HK$112.47M | -0.29 | -255.84% | ― | -39.55% | -72.98% | |
43 Neutral | HK$76.24M | -0.02 | 72.87% | 5.97% | -70.44% | 20.78% |
* Real Estate Sector Average
HK:1996
Redsun Properties Group Ltd.
0.02
-0.02
-48.89%
HK:0845
Glorious Property Holdings Limited
0.01
0.00
0.00%
HK:0059
Skyfame Realty (Holdings) Ltd
0.01
0.00
0.00%
HK:1560
Star Group Company Limited
4.20
3.02
255.93%
HK:0456
New City Development Group Limited
0.53
<0.01
0.96%
Redsun Properties Group Ltd. Corporate Events
Redsun Properties Moves Ahead With Court-Backed Offshore Debt Restructuring
Oct 28, 2026
Redsun Properties Group Limited has provided an update on its proposed restructuring of offshore debts, which is planned to be implemented through a court-sanctioned scheme of arrangement in Hong Kong with cross-border recognition. The company has...
Redsun Properties Reshapes Company Secretarial Team Under New HKEX Waiver
Oct 16, 2026
Redsun Properties Group Limited has announced the resignation of joint company secretary, authorised representative and process agent Ms. Chan Charmayne, effective 19 October 2026, who leaves without disagreement with the board. The company has ap...
Redsun Properties Extends Deadlines for Creditor Restructuring Deal
Oct 9, 2026
Redsun Properties Group Limited has further extended the deadlines tied to its restructuring support agreement, moving the Early RSA Fee cut-off to 6 November 2026 and the Base RSA Fee deadline to 20 November 2026. The company says the extensions ...
Redsun Properties posts RMB1.33 billion in unaudited contracted sales for first nine months of 2026
Oct 7, 2026
Redsun Properties Group Ltd. reported unaudited contracted sales of RMB126 million in September 2026, with a sales area of 5,857 square meters and an average selling price of RMB21,511 per square meter. These figures highlight monthly transaction ...
Redsun Properties Wins Adjournment in Hong Kong Winding-Up Case
Sep 30, 2026
Redsun Properties Group Ltd. has secured support from certain holders of its Senior Notes for an adjournment of a winding-up petition in the Hong Kong High Court. The court approved the jointly proposed application by the petitioner and the compan...
Redsun Properties Moves to Ease Going-Concern Risks With Loan Extensions and New Financing
Sep 30, 2026
Redsun Properties Group Limited has issued an update addressing the auditors’ disclaimer of opinion on its 2025 consolidated financial statements, which arose from material uncertainties about the Group’s ability to continue as a going...
Redsun Properties Further Extends Deadlines in Debt Restructuring Deal
Sep 11, 2026
Redsun Properties Group Ltd. has announced a further extension of key deadlines tied to its restructuring support agreement with creditors. The Early RSA Fee Deadline has been moved from 11 September 2026 to 9 October 2026, while the Base RSA Fee ...
Redsun Properties Posts RMB1.2 Billion in Unaudited Contracted Sales for First Eight Months of 2026
Sep 4, 2026
Redsun Properties Group reported unaudited contracted sales of RMB110 million for August 2026, with a sales area of 10,229 square meters and an average selling price of RMB10,754 per square meter. From January to August 2026, the group recorded ag...
Redsun Properties Swings to Deep Gross Loss as Revenue Plunges 74% in First Half 2026
Aug 27, 2026
Redsun Properties Group reported a sharp deterioration in its financial performance for the six months ended 30 June 2026, as revenue fell 74.2% year-on-year to RMB700.3 million and contracted sales reached RMB944.0 million on nearly 100,000 squar...
Redsun Properties Further Extends Deadlines for Creditor Restructuring Agreement
Aug 14, 2026
Redsun Properties Group Limited has once again extended key deadlines under its restructuring support agreement to give creditors more time to join the plan. The Early RSA Fee Deadline has been moved to 11 September 2026 and the Base RSA Fee Deadl...
Redsun Properties Sets August Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
Redsun Properties Group Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to authorize their publication. The board will also consider recommending the paym...
Redsun Properties Posts RMB1.1 Billion in Contracted Sales for First Seven Months of 2026
Aug 6, 2026
Redsun Properties Group Limited reported unaudited contracted sales of RMB150 million for July 2026, covering a sales area of 14,876 square meters at an average selling price of RMB10,083 per square meter. From January to July 2026, aggregate cont...
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.