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Sunshine 100 China Holdings Ltd.
(2608)
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Rating:41Neutral
Price Target:
HK$0.01
▲(10.00% Upside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by very weak financial performance (multi-year losses, negative equity, and high debt) and fragile cash-flow stability. Technical indicators show limited momentum, and valuation signals provide little support given the negative P/E and no dividend yield data.
Positive Factors
Return to Positive Cash Flow
The return to modestly positive operating and free cash flow in 2025 provides some evidence that the company can still generate internal liquidity, although the improvement remains too limited and inconsistent to offset broader financial stress.
Negative Factors
Persistent Net Losses
Five consecutive years of net losses indicate that the business has not restored sustainable profitability. Continued negative margins reduce retained capital, constrain reinvestment, and make a durable recovery dependent on operational improvement and successful project deliveries.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Positive Cash Flow
The return to modestly positive operating and free cash flow in 2025 provides some evidence that the company can still generate internal liquidity, although the improvement remains too limited and inconsistent to offset broader financial stress.
Read all positive factors
Sunshine 100 China Holdings Ltd. (2608) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$28.06M
Dividend Yield1.99%
Average Volume (3M)28.20M
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth-60.47%
EPS Growth26.66%
CountryHK
Employees1,341
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.41
Shares Outstanding2,550,811,500
10 Day Avg. Volume56,799,098
30 Day Avg. Volume28,204,566
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.01
P/FCF Ratio6.03
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
Sunshine 100 China Holdings Ltd. Business Overview & Revenue Model
Company Description
Sunshine 100 China Holdings Ltd is a real estate firm operating in the People's Republic of China, engaged in property investment, development, and management. Its diverse operations are structured into five key divisions. One segment specializes ...
How the Company Makes Money
The company primarily makes money through property development and sales: it develops real estate projects and recognizes revenue when residential and/or commercial units are delivered or otherwise meet applicable revenue-recognition conditions, w...
Sunshine 100 China Holdings Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.75B | 2.02B | 2.10B | 2.36B | 5.40B |
| Gross Profit | -570.32M | -651.20M | 395.11M | 128.32M | -601.07M |
| EBITDA | -510.80M | -1.05B | -806.05M | -1.86B | -2.58B |
| Net Income | -3.59B | -5.59B | -2.99B | -3.16B | -3.67B |
Balance Sheet | |||||
| Total Assets | 37.59B | 46.10B | 50.83B | 52.38B | 56.36B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.01B | 1.03B | 1.08B | 1.62B |
| Total Debt | 23.10B | 27.06B | 27.06B | 26.88B | 26.81B |
| Total Liabilities | 46.27B | 51.09B | 50.02B | 48.40B | 49.02B |
| Stockholders Equity | -9.60B | -6.01B | -419.94M | 2.56B | 5.75B |
Cash Flow | |||||
| Free Cash Flow | 3.79M | -287.55M | 392.21M | 379.33M | 275.57M |
| Operating Cash Flow | 8.42M | -283.34M | 394.27M | 402.22M | 312.96M |
| Investing Cash Flow | 45.26M | 575.07M | 149.03M | -382.34M | 728.78M |
| Financing Cash Flow | -95.42M | -289.42M | -557.36M | -578.52M | -2.98B |
Sunshine 100 China Holdings 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% | |
48 Neutral | HK$146.63M | -0.16 | 5.53% | ― | 212.45% | 75.88% | |
41 Neutral | HK$28.06M | >-0.01 | 35.43% | 1.99% | -60.47% | 26.66% | |
41 Neutral | HK$100.46M | >-0.01 | 60.28% | 3.34% | -56.20% | -81.98% | |
40 Underperform | HK$24.62M | >-0.01 | 221.31% | 12.38% | ― | ― |
* Real Estate Sector Average
HK:2608
Sunshine 100 China Holdings Ltd.
0.01
<0.01
10.00%
HK:6158
Zhenro Properties Group Limited
0.02
-0.02
-46.51%
HK:1107
Modern Land (China) Co., Ltd.
0.01
>-0.01
-38.10%
HK:2088
Xiwang Property Holdings Co., Ltd.
0.04
0.00
0.00%
HK:1862
Jingrui Holdings Ltd.
0.02
<0.01
14.29%
HK:2699
Xinming China Holdings Limited
5.58
-50.58
-90.07%
Sunshine 100 China Holdings Ltd. Corporate Events
Sunshine 100 China Sets Board Meeting to Approve Interim Results
Aug 17, 2026
Sunshine 100 China Holdings Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The company said the approved interim results will be published on bot...
Sunshine 100 Seeks More Time to Fill Independent Director Vacancy
Jul 21, 2026
Sunshine 100 China Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, maintains a board comprising executive, non-executive and independent non-executive directors overseeing its operations from Beijing. The current board i...
Sunshine 100 China Clarifies Board and Committee Structure
Jul 17, 2026
Sunshine 100 China Holdings Ltd. has disclosed an updated board composition, confirming the mix of executive, non-executive and independent non-executive directors overseeing the group. Chairman and chief executive officer Yi Xiaodi and vice chair...
Sunshine 100 Steps Up Restructuring Efforts to Address Going-Concern Worries
Jun 30, 2026
Sunshine 100 China Holdings Ltd. has provided a quarterly update on its efforts to address a disclaimer of opinion issued by its auditors on the 2025 financial statements regarding going concern. The company is pursuing an extensive stabilisation ...
Sunshine 100 China Wins Full Shareholder Backing at AGM
Jun 26, 2026
Sunshine 100 China Holdings reported that all resolutions put to shareholders at its 26 June 2026 annual general meeting were approved by poll. Investors backed the 2025 audited financial statements, re-elected key directors, reappointed Forvis Ma...
Sunshine 100 China Seeks Extension to Fill Independent Director Vacancy
Jun 18, 2026
Sunshine 100 China Holdings has applied to the Hong Kong stock exchange for an extension of the deadline to appoint a new independent non-executive director to 20 July 2026, following the death of former INED Mr. Gu Yunchang. The company said it n...
Sunshine 100 China Hearing on Winding-Up Petition Pushed to October
Jun 17, 2026
Sunshine 100 China Holdings has provided an update on a winding-up petition filed against the company, a matter that has raised concerns over its financial stability and future operations. The High Court has ordered that the hearing originally sch...
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.