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State-backed Chinese property developer building residential, industrial park and mixed-use projects.
State-backed Chinese property developer building residential, industrial park and mixed-use projects.
Sells homes before completion, booking revenue when they are handed over, while parks, offices and other leased property add rent. Its roots go back to the Shekou Industrial Zone near Hong Kong, developed by China Merchants in 1979. China Merchants Group, owned by the central government, controls it.
In one line: A state-backed Chinese mixed-use developer, part industrial-park operator.
Moat: narrow (scale, distribution, brand). Backed by state-owned China Merchants Group, giving funding access advantages over private peers.
Headquarters: Shenzhen, China · Founded: 1979 · Employees: 49,135
Size China Merchants Shekou Industrial Zone (001979.SZ) is a China Real Estate company (Real Estate Development) with a market value of $10.4B, the 237th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.84 on 6 Nov 2026.
Performance Over six months the shares fell 9.9%, against +2.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 22.2% over the last twelve months (peer median +8.2%); the operating margin is 1.4% (peer median 41.0%).
Valuation It trades at 0.73× book value against a peer median of 1.38× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 4.8%; China Merchants Shekou Industrial Zone delivers -0.9%, so the price asks more than the business earns today.
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥148B | CN¥154B | CN¥178B | CN¥174B | CN¥182B |
| Revenue growth | — | -14% | +2% | -4% | — |
| Gross profit | CN¥21.6B | CN¥20.8B | CN¥25.4B | CN¥27.1B | CN¥34.5B |
| EBITDA | n/a | CN¥11.0B | CN¥11.5B | CN¥15.8B | CN¥18.8B |
| Net income | -CN¥869M | CN¥1.02B | CN¥4.04B | CN¥6.32B | CN¥4.26B |
| Free cash flow | CN¥35.4B | CN¥6.53B | CN¥27.0B | CN¥25.3B | CN¥16.7B |
| Capital expenditure | CN¥3.12B | CN¥3.48B | CN¥5.70B | CN¥6.59B | CN¥6.01B |
| Total debt | CN¥238B | CN¥248B | CN¥242B | CN¥242B | CN¥228B |
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 |
|---|---|---|---|---|---|---|
| China Merchants Shekou Industrial Zone 001979.SZ | $10.4B | -10% | -22% | -1% | 0.73× | 4.8% |
| China Vanke 000002.SZ | $5.36B | -17% | -32% | -55% | 0.42× | 4.4% |
| Poly Developments & 600048.SS | $10.1B | -9% | -4% | 1% | 0.34× | 3.0% |
| China Overseas 0688.HK | $18.4B | -13% | +4% | 3% | 0.32× | 5.4% |
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 | 001979.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +7.4% | 4th lowest of 21 |
| 6-month return | -9.9% | +2.6% | 7th lowest of 21 |
| Return on equity | -0.9% | 7.8% | 2nd lowest of 21 |
| Price / book | 0.73× | 1.38× | 7th cheapest of 21 |
| ROE the price implies | 4.8% | 7.2% | 5th least demanding of 21 |
| ROE delivered | -0.9% | 8.1% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Merchants Shekou Industrial Zone 001979.SZ | China | $10.4B | -10% | -22% | -1% | 0.73× | 4.8% | -0.9% |
| Poly Developments & 600048.SS | China | $10.1B | -9% | -4% | 1% | 0.34× | 3.0% | 0.7% |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 15% | 1.11× | 11.4% | 15.1% |
| Hulic 3003.T | Japan | $9.16B | +7% | +25% | 14% | 1.51× | 7.7% | 13.7% |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 27% | 5.22× | 48.0% | 26.5% |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 19% | 4.66× | 71.0% | 18.7% |
| PSP Swiss Property PSPN.SW | Switzerland | $8.73B | +5% | +44% | 8% | 1.25× | 3.3% | 8.1% |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | -1% | 0.55× | 6.2% | -1.1% |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 3% | 0.58× | 5.2% | 2.7% |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 6% | 1.52× | 4.2% | 5.9% |
| Phoenix Mills PHOENIXLTD.NS | India | $8.13B | +18% | +13% | 13% | 8.47× | 105.1% | 13.1% |
| Wharf (Holdings) 0004.HK | Hong Kong | $7.92B | -32% | -1% | 0% | 0.42× | 4.4% | -0.3% |
| Compass COMP | United States | $7.84B | +17% | +68% | 4% | 2.58× | 38.7% | 3.6% |
| Ctp CTPNV.AS | Netherlands | $7.43B | -18% | +12% | 6% | 0.74× | 6.7% | 6.3% |
| Prestige Estates Projects PRESTIGE.NS | India | $7.42B | +10% | +66% | 8% | 4.31× | 78.0% | n/a |
| Daito Trust Construction 1878.T | Japan | $7.10B | -7% | +6% | 22% | 1.98× | 8.2% | 22.2% |
| Deutsche Wohnen DWNI.DE | Germany | $7.05B | -20% | 0% | 11% | 0.43× | 5.2% | 11.0% |
| AB Sagax SAGA-A.ST | Sweden | $6.96B | +5% | +5% | 15% | 1.91× | 16.3% | 15.2% |
| Cpi Property O5G.DE | Germany | $6.85B | -1% | -8% | 3% | 1.24× | 5.3% | 3.3% |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 7% | 0.52× | 6.3% | 6.6% |
| Oberoi Realty OBEROIRLTY.NS | India | $6.66B | +4% | +16% | 15% | 3.31× | 48.4% | 14.7% |