2168.Hk
2168.HK provides real estate services, including property management, development, and investment, generating revenue primarily through property sales, rental income, and management fees.
Business. 2168.HK provides real estate services, including property management, development, and investment, generating revenue primarily through property sales, rental income, and management fees.
At a glance
What drives this business
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
2168.HK provides real estate services, including property management, development, and investment, generating revenue primarily through property sales, rental income, and management fees.
The company's capital structure is characterized by a low debt-to-equity ratio of 0.0, indicating minimal leverage, and a current ratio of 1.18, suggesting moderate liquidity. The price-to-book ratio of 0.19 and price-to-tangible-book ratio of 0.19 indicate that the company is trading at a significant discount to its book value, which may reflect market concerns about asset quality or future earnings potential.
Profitability metrics show a return on equity (ROE) of 1.49% and a return on assets (ROA) of 0.72%, both of which are below the industry median for real estate services. The company's net income of CNY 13.2 million is relatively low compared to its total assets of CNY 1.83 billion, indicating limited asset efficiency and earnings power.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and regulatory changes. The absence of segment-specific revenue breakdowns in the financial data limits the ability to assess the performance of individual business lines.
The company's growth trajectory is constrained by weak profitability and limited capital deployment. Revenue of CNY 1.61 billion in the latest period shows no clear growth trend, and the outlook for the current and next fiscal years is not provided in the available data. The company's low ROE and ROA suggest that it is not effectively utilizing its capital to generate returns, which could hinder long-term growth.
Risk factors include a negative net cash position after subtracting total debt, which indicates potential liquidity constraints. The company's low dilution risk is supported by a stable share count and no recent equity issuance. However, the absence of long-term debt does not eliminate the risk of future financing needs, particularly if the company seeks to expand or refinance existing obligations.
Recent events include the latest financial filing, which provides a snapshot of the company's financial position as of the most recent reporting period. No recent earnings call transcripts or material news events are available in the provided data, limiting the ability to assess management's strategic direction or external market developments.
- The company is trading at a significant discount to book value, with a price-to-book ratio of 0.19.
- Profitability is weak, with ROE and ROA below industry medians.
- The company has no long-term debt but faces liquidity constraints due to a negative net cash position.
- Revenue is concentrated in a single business segment, increasing exposure to regional risks.
- Growth is limited by low returns and lack of capital deployment.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
Options
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Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- 2168.HK Market data — financials · 2026-05-26
Ownership & reference
Leadership
- Chuanqiang LiaoChief Executive Officer, Executive Director