Employees: 11,026
Size RiseSun Real Estate Development (002146.SZ) is a China Real Estate company (Real Estate Development) with a market value of $691M, the 3086th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.06 on 6 Nov 2026.
Performance Over six months the shares fell 21.5%, against -17.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 47.6% over the last twelve months (peer median +2.0%); the operating margin is -39.9% (peer median 6.8%).
Valuation It trades at 1.06× book value against a peer median of 1.43× (9th cheapest of 20).
Price implies The share price implies a return on equity of about 11.8%; RiseSun Real Estate Development delivers -97.7%, so the price asks more than the business earns today.
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.5B | CN¥26.7B | CN¥38.0B | CN¥59.0B | CN¥31.9B |
| Revenue growth | — | -30% | -36% | +85% | — |
| Gross profit | CN¥1.94B | CN¥2.18B | CN¥3.41B | CN¥10.2B | CN¥182M |
| EBITDA | n/a | -CN¥5.40B | -CN¥3.42B | CN¥5.96B | -CN¥13.8B |
| Net income | -CN¥7.93B | -CN¥9.43B | -CN¥8.44B | CN¥385M | -CN¥16.3B |
| Free cash flow | -CN¥209M | -CN¥716M | -CN¥1.79B | -CN¥1.50B | CN¥2.12B |
| Capital expenditure | CN¥23.2M | CN¥25.2M | CN¥94.6M | CN¥30.6M | CN¥130M |
| Total debt | CN¥39.1B | CN¥40.9B | CN¥42.4B | CN¥44.1B | CN¥46.0B |
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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 | 002146.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | -9.1% | 6th lowest of 21 |
| 6-month return | -21.5% | -17.3% | 9th lowest of 21 |
| Return on equity | -97.7% | 7.2% | lowest of 20 |
| Price / book | 1.06× | 1.43× | 9th cheapest of 20 |
| ROE the price implies | 11.8% | 8.2% | 8th most demanding of 19 |
| ROE delivered | -97.7% | 5.0% | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| RiseSun Real Estate Development 002146.SZ | China | $691M | -21% | -48% | -98% | 1.06× | 11.8% | -97.7% |
| Beijing North Star 0588.HK | Hong Kong | $691M | -22% | -6% | -17% | 0.15× | 3.8% | -17.2% |
| Hemnet HEM.ST | Sweden | $691M | -31% | -18% | 36% | 8.32× | 41.1% | 36.4% |
| Shenzhen WorldUnion 002285.SZ | China | $693M | -25% | -22% | -25% | 2.16× | 17.2% | -25.4% |
| China Union 000036.SZ | China | $693M | -41% | +80% | 1% | 0.86× | 7.9% | 1.2% |
| Shenzhen SDG Service 300917.SZ | China | $695M | -19% | +7% | 11% | 3.73× | 54.2% | 10.6% |
| Yanlord Land Z25.SI | Singapore | $696M | -40% | -55% | -1% | 0.14× | 2.7% | -0.8% |
| Indiabulls IBULLSLTD.NS | India | $704M | +48% | +86% | 20% | 2.14× | 43.8% | n/a |
| Beijing Huayuan Xinhang 600743.SS | China | $679M | -22% | -77% | -17% | 8.45× | 63.0% | -16.7% |
| Bassac BASS.PA | France | $679M | -19% | +16% | 12% | 0.68× | 6.6% | 12.3% |
| Mahindra Lifespace Developers MAHLIFE.NS | India | $706M | -10% | +839% | 8% | 1.82× | 25.4% | 8.5% |
| HDC 012630.KS | South Korea | $676M | -29% | -10% | 15% | 0.31× | 3.8% | 14.8% |
| NIPPON KANZAI 9347.T | Japan | $714M | +4% | +7% | 10% | 1.43× | 5.4% | 10.5% |
| Fundamenta Real Estate FREN.SW | Switzerland | $716M | -1% | +3% | 7% | 0.96× | n/a | 7.2% |
| Zambal Spain SOCIMI YZBL.MC | Spain | $663M | -1% | +1% | 3% | 0.77× | 5.0% | 2.9% |
| Sanxiang Impression 000863.SZ | China | $722M | -16% | +48% | -4% | 1.11× | 7.3% | -3.9% |
| Nordeste Properties Socimi SCHST.MC | Spain | $661M | -2% | +9% | 10% | 2.10× | 8.5% | 10.4% |
| Zhejiang China Light & Textile Industrial City 600790.SS | China | $660M | -23% | -9% | 3% | 0.72× | 4.4% | 2.9% |
| China Fortune Land Development 600340.SS | China | $660M | -12% | -43% | n/a | n/a | n/a | n/a |
| Shenzhen Properties & Resources Development (Group) 000011.SZ | China | $733M | +11% | -16% | -3% | 1.63× | 10.2% | -3.5% |
| Binjiang Service 3316.HK | Hong Kong | $734M | -14% | +14% | 37% | 2.90× | 22.2% | 36.8% |