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Develops and operates Beijing's Financial Street business district, leasing offices to banks alongside residential development.
Develops and operates Beijing's Financial Street business district, leasing offices to banks alongside residential development.
Rents offices in the district to banks, insurers and other financial firms on multi-year leases, a steady income alongside residential development, which brings lumpier revenue from home sales as projects are completed and handed over. A local-government-owned investment group controls it.
In one line: A Chinese Canary Wharf developer/landlord.
Moat: narrow (brand, installed base). Owns and operates Beijing's premier financial-district office cluster, hard to replicate.
Headquarters: Beijing, China · Founded: 1997 · Employees: 1,867
Size Financial Street (000402.SZ) is a China Real Estate company (Real Estate Development) with a market value of $991M, the 2314th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.21 on 6 Nov 2026.
Performance Over six months the shares fell 30.3%, against -20.3% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 38.4% over the last twelve months (peer median +0.1%); the operating margin is -26.0% (peer median 1.3%).
Valuation It trades at 0.34× book value against a peer median of 1.32× (cheapest of 21).
Price implies The share price implies a return on equity of about 4.6%; Financial Street delivers -20.5%, so the price asks more than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.42B | CN¥7.98B | CN¥19.0B | CN¥12.5B | CN¥20.4B |
| Revenue growth | — | -58% | +52% | -39% | — |
| Gross profit | CN¥1.64B | CN¥809M | CN¥519M | CN¥862M | CN¥3.13B |
| EBITDA | n/a | -CN¥2.81B | -CN¥6.82B | -CN¥859M | CN¥1.21B |
| Net income | -CN¥4.38B | -CN¥5.38B | -CN¥11.1B | -CN¥1.95B | CN¥846M |
| Free cash flow | CN¥1.09B | CN¥2.11B | CN¥6.01B | CN¥6.28B | CN¥5.77B |
| Capital expenditure | CN¥60.6M | CN¥28.9M | CN¥27.4M | CN¥56.6M | CN¥105M |
| Total debt | CN¥68.7B | CN¥75.3B | CN¥70.0B | CN¥72.3B | CN¥78.7B |
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 |
|---|---|---|---|---|---|---|
| Financial Street 000402.SZ | $991M | -30% | -38% | -20% | 0.34× | 4.6% |
| China World Trade Center 600007.SS | $3.31B | +4% | -4% | 13% | 2.29× | 13.3% |
| Beijing Capital Development 600376.SS | $1.04B | -41% | -35% | -197% | 237.80× | 1,928.7% |
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 | 000402.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.2% | -8.2% | 3rd lowest of 21 |
| 6-month return | -30.3% | -20.3% | 10th lowest of 21 |
| Return on equity | -20.5% | 1.8% | 2nd lowest of 20 |
| Price / book | 0.34× | 1.32× | cheapest of 21 |
| ROE the price implies | 4.6% | 15.3% | least demanding of 21 |
| ROE delivered | -20.5% | 1.5% | 2nd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Financial Street 000402.SZ | China | $991M | -30% | -38% | -20% | 0.34× | 4.6% | -20.5% |
| Jiangsu Dagang 002077.SZ | China | $983M | -32% | +24% | 2% | 1.92× | 12.9% | 1.8% |
| WeWork India Management WEWORK.NS | India | $1.00B | +26% | +25% | 36% | 27.81× | 324.8% | 36.3% |
| Shanghai AJ 600643.SS | China | $1.00B | -12% | -41% | -16% | 0.66× | 6.2% | -15.7% |
| Fermi FRMI | United States | $1.01B | -70% | n/a | n/a | 0.97× | 16.5% | n/a |
| SR Medical Technology 0108.HK | Hong Kong | $972M | -10% | +25% | -18% | 7.50× | 20.3% | -17.8% |
| China Sports Industry 600158.SS | China | $1.01B | -41% | 0% | -8% | 2.81× | 16.0% | -7.9% |
| Heiwa Real Estate 8803.T | Japan | $964M | -6% | +23% | 9% | 1.21× | 5.4% | 9.1% |
| Hefei Urban Construction Development 002208.SZ | China | $961M | -42% | -14% | -10% | 1.10× | 16.1% | -10.0% |
| PropNex OYY.SI | Singapore | $956M | -9% | +8% | 56% | 9.86× | 97.2% | 55.5% |
| Ningbo Fuda 600724.SS | China | $956M | -37% | -18% | 6% | 2.23× | 14.7% | 6.4% |
| Shanghai Industrial Development 600748.SS | China | $952M | -35% | -3% | -3% | 0.63× | 5.9% | -3.0% |
| 5I5J 000560.SZ | China | $1.03B | -2% | -21% | 0% | 0.73× | 7.4% | -0.3% |
| Develia DVL.WA | Poland | $947M | -26% | +70% | 33% | 1.91× | 18.4% | 33.1% |
| Beijing Capital Development 600376.SS | China | $1.04B | -41% | -35% | -197% | 237.80× | 1,928.7% | -197.2% |
| HMC Capital HMC.AX | Australia | $946M | +17% | -27% | 1% | 0.89× | 12.9% | 1.2% |
| Black Peony (Group) 600510.SS | China | $1.04B | -37% | -24% | -5% | 0.71× | 9.9% | -4.8% |
| Suzhou New District Hi-Tech Industrial 600736.SS | China | $934M | -34% | -30% | 4% | 0.59× | 5.2% | 3.8% |
| Marcus & Millichap MMI | United States | $1.05B | -9% | +12% | 2% | 1.82× | 17.8% | 2.4% |
| Mercialys MERY.PA | France | $1.05B | -15% | +3% | 5% | 0.60× | 7.7% | 5.1% |
| Gemlife Communities GLF.AX | Australia | $1.05B | -9% | +8% | 5% | 1.43× | 18.0% | n/a |