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Shenzhen state-owned developer building residential and commercial property within the Shenzhen Special Economic Zone.
Shenzhen state-owned developer building residential and commercial property within the Shenzhen Special Economic Zone.
Moat: narrow (scale, regulatory licence). State-owned land-bank access within Shenzhen gives a scale edge over smaller private peers.
Headquarters: Shenzhen, China · Employees: 210
Size Shenzhen Special Economic Zone Real Estate and Properties (Group) (000029.SZ) is a China Real Estate company (Real Estate Development) with a market value of $2.73B, the 941st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.92 on 6 Nov 2026.
Performance Over six months the shares fell 6.3%, against -9.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 24.5% over the last twelve months (peer median +7.1%); the operating margin is 13.6% (peer median 24.6%).
Valuation It trades at 5.63× book value against a peer median of 1.28× (most expensive of 21).
Price implies The share price implies a return on equity of about 61.3%; Shenzhen Special Economic Zone Real Estate and Properties (Group) delivers -1.4%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥829M | CN¥1.48B | CN¥405M | CN¥527M | CN¥631M |
| Revenue growth | — | +264% | -23% | -16% | — |
| Gross profit | CN¥228M | CN¥404M | CN¥70.0M | CN¥79.7M | CN¥191M |
| EBITDA | n/a | CN¥323M | -CN¥381M | -CN¥424M | CN¥63.1M |
| Net income | -CN¥50.6M | CN¥100.0M | -CN¥177M | -CN¥251M | CN¥154M |
| Free cash flow | CN¥41.7M | -CN¥96.4M | -CN¥128M | CN¥1.04B | -CN¥666M |
| Capital expenditure | CN¥1.89M | CN¥1.91M | CN¥1.55M | CN¥1.48M | CN¥713,537 |
| Total debt | CN¥1.16M | CN¥50,000 | CN¥97.7M | CN¥217M | CN¥113M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZ | $2.73B | -6% | -24% | -1% | 5.63× | 61.3% |
| Shenzhen Zhenye (Group) 000006.SZ | $1.24B | -37% | -56% | -3% | 1.58× | 15.8% |
| China Vanke 000002.SZ | $5.36B | -17% | -32% | -55% | 0.42× | 4.4% |
| China Merchants Shekou Industrial Zone 001979.SZ | $10.4B | -10% | -22% | -1% | 0.73× | 4.8% |
| Poly Developments & 600048.SS | $10.1B | -9% | -4% | 1% | 0.34× | 3.0% |
| Shenzhen Properties & Resources Development (Group) 000011.SZ | $733M | +11% | -16% | -3% | 1.63× | 10.2% |
| Gemdale 600383.SS | $1.45B | -26% | -47% | -25% | 0.23× | 3.5% |
| Shenzhen Investment 0604.HK | $471M | -51% | +79% | -10% | 0.10× | 3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000029.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.8% | +0.8% | 4th lowest of 21 |
| 6-month return | -6.3% | -9.7% | 10th highest of 20 |
| Return on equity | -1.4% | 8.9% | 3rd lowest of 20 |
| Price / book | 5.63× | 1.28× | most expensive of 21 |
| ROE the price implies | 61.3% | 8.1% | most demanding of 20 |
| ROE delivered | -1.4% | 8.9% | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZ | China | $2.73B | -6% | -24% | -1% | 5.63× | 61.3% | -1.4% |
| Vantone Neo Development 600246.SS | China | $2.69B | -14% | +22% | -20% | 4.10× | 55.1% | -19.6% |
| Frasers Property TQ5.SI | Singapore | $2.80B | -20% | -21% | 2% | 0.38× | 2.9% | 1.8% |
| Greenland 600606.SS | China | $2.66B | -20% | -30% | -42% | 0.46× | 4.8% | -42.3% |
| Onewo 2602.HK | Hong Kong | $2.84B | +6% | +8% | 5% | 1.31× | 15.0% | 4.7% |
| Catena CATE.ST | Sweden | $2.61B | -11% | +17% | 9% | 0.91× | 8.1% | 8.9% |
| Eaglerock Land LLC EROK | United States | $2.60B | n/a | n/a | n/a | 1.51× | 28.4% | n/a |
| Wallenstam WALL-B.ST | Sweden | $2.57B | -2% | +2% | 9% | 0.75× | 7.0% | 9.1% |
| Savills SVS.L | United Kingdom | $2.56B | +37% | +7% | 9% | 2.21× | 32.1% | 9.4% |
| TAG Immobilien TEG.DE | Germany | $2.51B | -20% | -5% | 2% | 0.68× | 7.0% | 1.7% |
| Xiangcai 600095.SS | China | $3.07B | -19% | -3% | 2% | 1.62× | 16.8% | 2.4% |
| Highwealth Construction 2542.TW | Taiwan | $2.42B | -5% | +111% | 19% | 1.61× | 5.0% | 18.6% |
| Singapore Land U06.SI | Singapore | $3.08B | -25% | +4% | 4% | 0.45× | 3.5% | 4.3% |
| Mobimo MOBN.SW | Switzerland | $3.17B | -1% | +15% | 10% | 1.20× | 3.0% | 10.2% |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 30% | 4.59× | 13.1% | 29.8% |
| Quzhou Xin'an Development 600208.SS | China | $3.25B | -43% | -4% | 0% | 0.52× | 6.9% | -0.2% |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 10% | 0.89× | 7.5% | 9.9% |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 3% | 1.56× | 17.9% | 3.4% |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 10% | 1.25× | n/a | 9.7% |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 13% | 2.29× | 13.3% | 12.9% |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 31% | 2.55× | 28.2% | 31.0% |