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Zhongliang Holdings Group Company Limited
(2772)
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Rating:40Underperform
Price Target:
HK$0.03
▼(-51.67% Downside)
Action:Downgraded
Date:09/16/26
The score is driven primarily by very weak financial performance—sharp revenue and margin deterioration, multi-year losses, negative cash flow, and an eroded equity base with extremely high leverage. Technical indicators add to the downside risk as the stock trades below key moving averages with bearish momentum. Valuation provides little offset because losses make the P/E not meaningful and there is no dividend yield data to support the case.
Positive Factors
Residential development platform
The company has an established operating focus in residential property development and sales, giving it a defined business model and sector position. This platform can provide a basis for recovery if project delivery, pricing, and market conditions improve over the medium term.
Negative Factors
Severe revenue and margin deterioration
The sharp revenue decline and move to negative gross profit show that current project economics and operating performance are under substantial pressure. Persistent deterioration reduces internal funding capacity and makes a durable earnings recovery more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Residential development platform
The company has an established operating focus in residential property development and sales, giving it a defined business model and sector position. This platform can provide a basis for recovery if project delivery, pricing, and market conditions improve over the medium term.
Read all positive factors
Zhongliang Holdings Group Company Limited (2772) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$134.21M
Dividend Yield41.82%
Average Volume (3M)4.95M
Price to Earnings (P/E)―
Beta (1Y)3.09
Revenue Growth-55.40%
EPS Growth-340.10%
CountryHK
Employees1,515
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.59
Shares Outstanding4,473,662,000
10 Day Avg. Volume5,058,447
30 Day Avg. Volume4,952,640
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.54
Price to Sales (P/S)0.02
P/FCF Ratio-0.09
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
Zhongliang Holdings Group Company Limited Business Overview & Revenue Model
Company Description
Zhongliang Holdings Group Company Limited, established in 1993 and based in Shanghai, People's Republic of China, is a diversified entity primarily focused on property development throughout the PRC. The firm's activities encompass the creation, o...
How the Company Makes Money
Zhongliang Holdings primarily makes money through property development activities. Its main revenue stream is typically the sale of developed properties (e.g., residential units) to end buyers, where revenue is recognized when relevant conditions ...
Zhongliang Holdings Group Company Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.65B | 12.27B | 39.68B | 66.62B | 39.33B | 76.11B |
| Gross Profit | -1.65B | -2.13B | 906.94M | 3.18B | 3.50B | 13.03B |
| EBITDA | -1.43B | -2.98B | -256.26M | 789.39M | 247.59M | 8.36B |
| Net Income | -6.87B | -4.08B | -2.43B | -4.25B | -1.35B | 2.70B |
Balance Sheet | ||||||
| Total Assets | 104.26B | 112.13B | 133.18B | 180.77B | 237.82B | 267.18B |
| Cash, Cash Equivalents and Short-Term Investments | 2.77B | 3.36B | 5.78B | 10.70B | 16.62B | 27.79B |
| Total Debt | 16.88B | 17.71B | 20.25B | 21.17B | 26.78B | 39.95B |
| Total Liabilities | 96.18B | 99.79B | 113.80B | 154.37B | 206.44B | 231.70B |
| Stockholders Equity | -2.74B | 420.33M | 4.54B | 6.89B | 11.11B | 11.96B |
Cash Flow | ||||||
| Free Cash Flow | -2.05B | -2.59B | -2.70B | -2.21B | 10.94B | 17.78B |
| Operating Cash Flow | -2.04B | -2.58B | -2.69B | -2.19B | 10.95B | 17.81B |
| Investing Cash Flow | 1.63B | 1.39B | 3.52B | 2.85B | 1.24B | -6.19B |
| Financing Cash Flow | -812.24M | -1.16B | -4.52B | -8.03B | -17.88B | -17.27B |
Zhongliang Holdings Group Company Limited Technical Analysis
Negative
0.06
Price Trends
0.03
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
35.24
Neutral
15.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2772, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.24 is Neutral, neither overbought nor oversold. The STOCH value of 15.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2772.
Zhongliang Holdings Group Company Limited 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$89.50M | -0.02 | 72.87% | 5.97% | -70.44% | 20.78% | |
43 Neutral | HK$160.56M | -0.10 | -73.32% | 4.52% | -56.06% | -58.43% | |
43 Neutral | HK$154.62M | <0.01 | 233.62% | 2.06% | 25.99% | ― | |
42 Neutral | HK$102.83M | -0.27 | -255.84% | ― | -39.55% | -72.98% | |
40 Underperform | HK$134.21M | -0.02 | 592.20% | 41.82% | -55.40% | -340.10% | |
39 Underperform | HK$185.81M | -0.02 | 116.03% | 19.57% | -21.66% | 0.74% |
* Real Estate Sector Average
HK:2772
Zhongliang Holdings Group Company Limited
0.03
-0.05
-62.50%
HK:1966
China SCE Group Holdings
0.04
-0.06
-56.86%
HK:1996
Redsun Properties Group Ltd.
0.03
-0.02
-46.00%
HK:6968
Ganglong China Property Group Limited
0.10
0.01
15.12%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.11
-0.17
-61.11%
HK:0456
New City Development Group Limited
0.48
-0.08
-14.29%
Zhongliang Holdings Group Company Limited Corporate Events
Zhongliang Posts RMB4.29 Billion in Unaudited Contracted Sales Through August 2026
Sep 11, 2026
Zhongliang Holdings Group reported unaudited contracted sales of about RMB4.29 billion for January to August 2026, covering roughly 429,000 square metres of gross floor area and implying an average selling price of around RMB10,000 per square metr...
Zhongliang’s First‑Half Loss Deepens as Sales Halve Amid China Property Slump
Aug 28, 2026
Zhongliang Holdings Group reported a sharp deterioration in its unaudited interim results for the six months ended 30 June 2026, as China’s property slump continued to weigh on sales and earnings. Contracted sales fell 43.6% year on year to ...
Zhongliang Warns of Sharply Wider Interim Loss Amid China Property Downturn
Aug 21, 2026
Zhongliang Holdings Group has issued a profit warning, indicating it expects to post a significantly larger loss attributable to shareholders of about RMB3.3 billion to RMB3.8 billion for the six months ended June 30, 2026. This compares with a re...
Zhongliang Schedules Board Meeting to Review 2026 Interim Results
Aug 18, 2026
Zhongliang Holdings Group Company Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026 and to authorize their publication. The board will also consider t...
Zhongliang Posts RMB3.98 Billion in Unaudited Contracted Sales for First Seven Months of 2026
Aug 7, 2026
Zhongliang Holdings Group reported unaudited contracted sales of about RMB3.98 billion for the period from January to July 2026, covering roughly 401,000 square metres of gross floor area at an average selling price of around RMB9,900 per square m...
Zhongliang Posts RMB3.6 Billion in Preliminary First-Half Contracted Sales
Jul 10, 2026
Zhongliang Holdings Group reported unaudited contracted sales of about RMB3.60 billion for the first half of 2026, corresponding to roughly 365,000 square metres of gross floor area sold at an average price of RMB9,900 per square metre. For June a...
Zhongliang Takes Full Control of PRC Residential Project via RMB8.77 Million Stake Buyout
Jul 3, 2026
Zhongliang Holdings Group Company Limited has moved to consolidate ownership of a completed residential development project in China by unwinding a previous cooperation arrangement with its local partner. The listed developer’s indirect whol...
Zhongliang Holdings Pushes Liquidity Measures to Address Going-Concern Disclaimer
Jun 30, 2026
Zhongliang Holdings has provided an update on measures to improve its liquidity and address a disclaimer of opinion on going concern issued by its auditor, outlining continued negotiations with debt holders, extensions of bank and other borrowings...
Zhongliang Completes Full Conversion of Mandatory Convertible Bonds
Jun 26, 2026
Zhongliang Holdings has completed the mandatory conversion of its outstanding mandatory convertible bonds, initially issued in June 2025 with an original principal of about US$10.81 million. On 26 June 2026, the remaining US$1.55 million of these ...
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.