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Former real-estate and cultural-tourism group (theme parks, hotels) now under new ownership after debt restructuring.
Former real-estate and cultural-tourism group (theme parks, hotels) now under new ownership after debt restructuring.
Moat: none. Emerged from a debt default and restructuring, with no clear operating moat.
Headquarters: Changsha, Hunan, China · Employees: 2,362
Size Winnovation Culturaltainment Development Limited (000620.SZ) is a China Real Estate company (Real Estate Development) with a market value of $2.12B, the 1198th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.64 on 6 Nov 2026.
Performance Over six months the shares fell 5.7%, against -8.9% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 14.5% over the last twelve months (peer median +8.2%); the operating margin is -38.6% (peer median 28.9%).
Valuation It trades at 4.20× book value against a peer median of 0.92× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 20.0%; Winnovation Culturaltainment Development Limited delivers -15.2%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.18B | CN¥1.71B | CN¥2.89B | CN¥3.86B | CN¥5.23B |
| Revenue growth | — | -41% | -25% | -26% | — |
| Gross profit | CN¥358M | CN¥142M | CN¥593M | CN¥268M | CN¥1.00B |
| EBITDA | n/a | -CN¥725M | -CN¥206M | -CN¥122M | CN¥603M |
| Net income | -CN¥622M | -CN¥1.17B | -CN¥533M | CN¥352M | -CN¥3.42B |
| Free cash flow | CN¥30.9M | CN¥239M | -CN¥240M | CN¥463M | CN¥379M |
| Capital expenditure | CN¥61.8M | CN¥7.92M | CN¥3.61M | CN¥110M | CN¥287M |
| Total debt | CN¥2.15B | CN¥1.86B | CN¥1.88B | CN¥1.96B | CN¥18.4B |
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 |
|---|---|---|---|---|---|---|
| Winnovation Culturaltainment Development Limited 000620.SZ | $2.12B | -6% | +14% | -15% | 4.20× | 20.0% |
| Shenzhen Overseas Chinese Town 000069.SZ | $2.00B | -25% | -22% | -39% | 0.44× | 5.5% |
| Songcheng Performance Development 300144.SZ | $2.17B | -29% | -15% | 8% | 1.92× | 17.2% |
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 | 000620.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | +1.4% | 2nd lowest of 21 |
| 6-month return | -5.7% | -8.9% | 11th highest of 21 |
| Return on equity | -15.2% | 6.1% | lowest of 21 |
| Price / book | 4.20× | 0.92× | 4th most expensive of 21 |
| ROE the price implies | 20.0% | 7.5% | 3rd most demanding of 20 |
| ROE delivered | -15.2% | 6.1% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Winnovation Culturaltainment Development Limited 000620.SZ | China | $2.12B | -6% | +14% | -15% | 4.20× | 20.0% | -15.2% |
| Country Garden Services 6098.HK | Hong Kong | $2.13B | -21% | +11% | 2% | 0.39× | 9.5% | 1.6% |
| Hufvudstaden HUFV-A.ST | Sweden | $2.14B | -5% | -4% | 4% | 0.82× | 6.7% | 4.1% |
| Sirius Real Estate SRE.L | United Kingdom | $2.14B | +1% | +13% | 13% | 0.96× | 14.4% | 13.0% |
| Lumo Homes LUMO.HE | Finland | $2.14B | -3% | +1% | 2% | 0.48× | 5.8% | 2.4% |
| Hang Lung 0010.HK | Hong Kong | $2.14B | -25% | +9% | 1% | 0.16× | 4.0% | 1.4% |
| Newmark NMRK | United States | $2.16B | -29% | +16% | 10% | 1.48× | 19.1% | 9.6% |
| Hysan Development 0014.HK | Hong Kong | $2.16B | -20% | -2% | 0% | 0.26× | 4.4% | 0.5% |
| Altarea SCA ALTA.PA | France | $2.05B | -31% | -20% | 2% | 1.15× | 10.8% | 2.4% |
| Green Development Electricity Group of Tianjin 000537.SZ | China | $2.19B | -28% | +13% | 2% | 0.73× | 5.4% | 1.8% |
| Neinor Homes HOME.MC | Spain | $2.04B | +10% | +165% | 13% | 1.71× | 7.5% | 13.0% |
| Fabege FABG.ST | Sweden | $2.02B | -16% | +27% | 3% | 0.55× | 5.5% | 2.7% |
| Nanjing Gaoke 600064.SS | China | $2.00B | -4% | +4% | 6% | 0.66× | 4.2% | 5.7% |
| Leopalace21 8848.T | Japan | $1.99B | +52% | +3% | 29% | 6.52× | 21.4% | 29.3% |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 10% | 1.25× | n/a | 9.7% |
| China Enterprise 600675.SS | China | $1.98B | -15% | -35% | -5% | 0.95× | 5.9% | -4.7% |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 10% | 0.89× | 7.5% | 9.9% |
| Metrovacesa MVC.MC | Spain | $1.95B | -5% | +58% | 6% | 1.35× | 10.2% | 6.4% |
| Argan ARG.PA | France | $1.95B | +14% | +5% | 11% | 0.70× | 8.7% | 11.1% |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 30% | 4.59× | 13.1% | 29.8% |
| Zhaojin International Gold 000506.SZ | China | $1.95B | -13% | +42% | 40% | 14.46× | 113.0% | 40.5% |