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Redsun Properties Group Ltd. (1996) AI Stock Analysis
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Redsun Properties Group Ltd.
(HKEX:1996)
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.
Redsun Properties Group Ltd. (1996) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 76.24M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.84M
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- 1.09
- Revenue Growth
- -70.44%
- EPS Growth
- 20.78%
- Country
- Hong Kong
- Employees
- 376
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
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: Prope...
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 pr...
Redsun Properties Group Ltd. Financial Statement Overview
Summary
Financials indicate significant stress: revenue fell sharply in 2024–2025, gross profit turned meaningfully negative, and 2025 net margin was near -95%. The balance sheet is a major concern with very high debt (~HK$20.8B) and negative shareholders’ equity in 2024–2025, signaling weakened solvency and limited flexibility. Cash flow also deteriorated, with operating and free cash flow turning negative again in 2024–2025.
Income Statement
8Very NegativeBalance Sheet
5Very NegativeCash Flow
10Very 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
Price Trends
Market Momentum
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 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 40.60 is Neutral, neither overbought nor oversold. The STOCH value of 4.44 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
Overall Rating
HK:156046.2Neutral- HK:199643Neutral
HK:045639.75Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| HK:1560 | 46Neutral | HKD 616.35M | -0.90 | -56.69% | ― | -80.29% | 26.58% |
| HK:1996 | 43Neutral | HKD 76.24M | -0.02 | 72.87% | ― | -70.44% | 20.78% |
| HK:0456 | 40Underperform | HKD 112.47M | -0.29 | -255.84% | ― | -39.55% | -72.98% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| 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
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 fi...
Redsun Properties Reshapes Company Secretarial Team Under New HKEX Waiver
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 appoi...
Redsun Properties Extends Deadlines for Creditor Restructuring Deal
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 are...
Redsun Properties posts RMB1.33 billion in unaudited contracted sales for first nine months of 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 act...
Redsun Properties Wins Adjournment in Hong Kong Winding-Up Case
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 company,...
Redsun Properties Moves to Ease Going-Concern Risks With Loan Extensions and New Financing
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 co...
Redsun Properties Further Extends Deadlines in Debt Restructuring Deal
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 Dea...
Redsun Properties Posts RMB1.2 Billion in Unaudited Contracted Sales for First Eight Months of 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 aggre...
Redsun Properties Swings to Deep Gross Loss as Revenue Plunges 74% in First Half 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 square m...
Redsun Properties Further Extends Deadlines for Creditor Restructuring Agreement
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 Deadline...
Redsun Properties Sets August Board Meeting to Approve 2026 Interim Results
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 payment...
Redsun Properties Posts RMB1.1 Billion in Contracted Sales for First Seven Months of 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 contrac...
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 31, 2026