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Chinese operator of theme parks (Happy Valley, Window of the World) alongside real-estate and tourism development.
Chinese operator of theme parks (Happy Valley, Window of the World) alongside real-estate and tourism development.
Property sales have typically carried the larger share of revenue, with the parks and tourism business giving visitor-based income and a brand that helps sell land around the parks. OCT Group, a central state-owned enterprise, controls the company.
In one line: A China-based Six Flags plus real-estate developer hybrid.
Moat: narrow (brand, installed base). Well-known national theme-park brand with parks across multiple Chinese cities.
Headquarters: Shenzhen, China · Employees: 16,478
Size Shenzhen Overseas Chinese Town (000069.SZ) is a China Communication Services company (Movies/Entertainment) with a market value of $2.00B, the 1268th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.69 on 6 Nov 2026.
Performance Over six months the shares fell 25.2%, against +10.5% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 22.0% over the last twelve months (peer median +2.5%); the operating margin is -31.8% (peer median 8.6%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 3.0× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is -17%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥31.7B | CN¥31.3B | CN¥52.1B | CN¥52.6B | CN¥72.6B |
| Revenue growth | — | -40% | -1% | -28% | — |
| Gross profit | CN¥5.98B | CN¥2.52B | CN¥4.45B | CN¥7.02B | CN¥12.9B |
| EBITDA | n/a | -CN¥6.76B | CN¥2.00B | CN¥2.72B | -CN¥896M |
| Net income | -CN¥14.8B | -CN¥14.5B | -CN¥8.66B | -CN¥6.49B | -CN¥10.9B |
| Free cash flow | CN¥5.99B | CN¥11.7B | CN¥4.06B | CN¥1.27B | -CN¥4.19B |
| Capital expenditure | CN¥767M | CN¥961M | CN¥1.44B | CN¥2.32B | CN¥3.92B |
| Total debt | CN¥117B | CN¥121B | CN¥134B | CN¥137B | CN¥132B |
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 | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Overseas Chinese Town 000069.SZ | $2.00B | -25% | -22% | -32% | 4.2× | 1.1% |
| Songcheng Performance Development 300144.SZ | $2.17B | -29% | -15% | 37% | 6.0× | 5.6% |
| Haichang Ocean Park 2255.HK | $349M | -52% | -16% | -42% | 5.7× | n/a |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 2.5× | 14.2% |
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 | 000069.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.0% | +10.3% | lowest of 21 |
| 6-month return | -25.2% | +10.5% | 3rd lowest of 21 |
| Distance from 52-week high | -42.3% | -17.3% | 4th lowest of 21 |
| Revenue growth (TTM) | -22.0% | +2.5% | 5th lowest of 21 |
| Operating margin | -31.8% | 8.6% | 3rd lowest of 21 |
| EV / Sales | 4.2× | 3.0× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 1.1% | 5.6% | 5th least demanding of 15 |
| Growth delivered (Del g) | -17.4% | +18.7% | lowest of 15 |
| Hurdle (Req g minus delivered) | +18.5 pp | -14.6 pp | 2nd most demanding of 15 |
| ROIC minus cost of capital | -8.3 pp | -1.6 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Overseas Chinese Town 000069.SZ | China | $2.00B | -25% | -22% | -32% | 4.2× | 1.1% | -17.4% |
| Songcheng Performance Development 300144.SZ | China | $2.17B | -29% | -15% | 37% | 6.0× | 5.6% | +20.1% |
| United Parks & Resorts PRKS | United States | $1.81B | +2% | -4% | 21% | 2.5× | 0.2% | +30.9% |
| ROUND ONE 4680.T | Japan | $2.22B | +42% | +21% | 15% | 2.5× | 4.3% | +25.5% |
| EVT EVT.AX | Australia | $1.78B | +39% | +7% | 9% | 3.0× | 21.0% | +18.0% |
| Damai Entertainment 1060.HK | Hong Kong | $1.74B | -25% | +22% | 6% | 0.7× | -9.1% | +22.0% |
| Prime Focus PFOCUS.NS | India | $2.36B | -7% | +29% | 16% | 4.5× | 26.0% | +12.6% |
| Beijing Jetsen Technology 300182.SZ | China | $2.36B | +6% | -23% | 9% | 7.7× | n/a | n/a |
| MSG Rangers MSGR | United States | $2.37B | +1,624% | +2% | -9% | 8.1× | n/a | n/a |
| Shanghai Film 601595.SS | China | $2.40B | +47% | -18% | -2% | 22.6× | 57.0% | +24.4% |
| PVR Inox PVRINOX.NS | India | $1.63B | +47% | +14% | 16% | 2.9× | 15.7% | +88.3% |
| Hengdian Entertainment 603103.SS | China | $1.62B | -18% | -27% | -10% | 6.7× | 36.1% | +18.3% |
| China Star Entertainment 0326.HK | Hong Kong | $2.54B | -10% | -69% | -157% | 90.0× | n/a | n/a |
| Tabcorp TAH.AX | Australia | $1.45B | +28% | 0% | 9% | 1.2× | 5.5% | +0.1% |
| Toei 9605.T | Japan | $2.77B | +5% | +3% | 20% | 2.3× | -3.3% | +11.5% |
| Cultural Investment 600715.SS | China | $1.43B | +15% | -27% | -44% | 36.3× | n/a | n/a |
| Zhejiang Huace Film & TV 300133.SZ | China | $2.79B | +15% | +44% | 8% | 6.4× | n/a | n/a |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | 1.9× | n/a | n/a |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 2.3× | 6.7% | +15.4% |
| Heiwa 6412.T | Japan | $1.32B | +16% | +47% | 16% | 2.8× | 4.1% | +19.1% |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 1.4× | -9.1% | +15.2% |