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Property management services arm of state conglomerate China Merchants, servicing residential and commercial buildings, not a developer.
Property management services arm of state conglomerate China Merchants, servicing residential and commercial buildings, not a developer.
Charges property-management fees, typically per square metre of floor area under management, to residential estates, offices and public buildings, plus extra fees for services such as parking, leasing and community services. Developers within the China Merchants group provide a flow of newly managed floor area.
In one line: A Chinese CBRE-style facilities/property management company.
Moat: narrow (brand, installed base). China Merchants brand and an existing managed-property portfolio create switching costs for owners.
Headquarters: Shenzhen, China · Employees: 41,450
Size China Merchants Property Operation & Service (001914.SZ) is a China Real Estate company (Real Estate Development) with a market value of $1.36B, the 1786th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.59 on 6 Nov 2026.
Performance Over six months the shares fell 16.2%, against -16.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +2.0%); the operating margin is 4.6% (peer median 16.4%).
Valuation It trades at 9.8× forward earnings against a peer median of 12.8× (7th cheapest of 14).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.2B | CN¥19.2B | CN¥17.1B | CN¥15.6B | CN¥13.0B |
| Revenue growth | — | +12% | +10% | +20% | — |
| Gross profit | CN¥2.11B | CN¥2.06B | CN¥1.97B | CN¥1.73B | CN¥1.47B |
| EBITDA | n/a | CN¥1.04B | CN¥1.24B | CN¥1.05B | CN¥942M |
| Net income | CN¥647M | CN¥655M | CN¥840M | CN¥736M | CN¥594M |
| Free cash flow | CN¥1.06B | CN¥1.62B | CN¥1.82B | CN¥1.79B | CN¥970M |
| Capital expenditure | CN¥20.1M | CN¥19.1M | CN¥23.8M | CN¥30.6M | CN¥28.2M |
| Total debt | CN¥630M | CN¥630M | CN¥948M | CN¥2.16B | CN¥2.48B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Merchants Property Operation & Service 001914.SZ | $1.36B | -16% | +6% | 5% | 9.8× | n/a |
| China Overseas Property 2669.HK | $1.41B | -17% | +11% | 11% | 7.0× | n/a |
| Poly Property Services 6049.HK | $1.92B | -14% | +8% | 11% | 7.9× | n/a |
| Country Garden Services 6098.HK | $2.13B | -21% | +11% | 4% | 7.0× | n/a |
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 | 001914.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -3.0% | 10th lowest of 21 |
| 6-month return | -16.2% | -16.2% | 10th lowest of 20 |
| Distance from 52-week high | -29.9% | -31.4% | 10th highest of 21 |
| Revenue growth (TTM) | +6.5% | +2.0% | 9th highest of 21 |
| Operating margin | 4.6% | 16.4% | 4th lowest of 21 |
| Forward P/E | 9.8× | 12.8× | 7th cheapest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | 9.8× | n/a | n/a |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | 12.8× | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 7.8× | n/a | n/a |
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 62% | 27.3× | n/a | n/a |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 23% | 5.7× | n/a | n/a |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 10% | n/a | n/a | n/a |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | 6% | 28.3× | n/a | n/a |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | 3% | n/a | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | 102.7× | n/a | n/a |
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
| Gmp Property SOCIMI YGMP.MC | Spain | $1.33B | -4% | 0% | 53% | n/a | n/a | n/a |
| Icade ICAD.PA | France | $1.33B | -22% | -9% | 17% | 5.3× | n/a | n/a |
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 76% | 9.5× | n/a | n/a |
| Sakura Development 2539.TW | Taiwan | $1.31B | -28% | +10% | 39% | n/a | n/a | n/a |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 11% | 7.0× | n/a | n/a |
| Wedge Industrial 000534.SZ | China | $1.30B | -57% | +4% | 10% | 28.6× | n/a | n/a |
| China Overseas Grand Oceans 0081.HK | Hong Kong | $1.30B | -7% | -3% | 5% | 19.2× | n/a | n/a |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 55% | 5.3× | n/a | n/a |
| Art 0565.HK | Hong Kong | $1.28B | +38% | +51% | 60% | n/a | n/a | n/a |
| Sobha SOBHA.NS | India | $1.44B | -12% | +10% | 4% | 29.9× | n/a | n/a |