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Hangzhou-based private developer known for high-quality residential projects, among the financially healthier private developers.
Hangzhou-based private developer known for high-quality residential projects, among the financially healthier private developers.
Earns by buying land at government auctions, building apartments and booking the sale when units are handed to buyers, typically a year or two after the buyers' payments are received. Zhejiang, led by Hangzhou, is where most projects sit.
In one line: A Chinese premium residential developer (Hangzhou-focused).
Moat: narrow (brand). Strong local quality-and-delivery reputation in its core Hangzhou market.
Headquarters: Hangzhou, Zhejiang, China · Founded: 1996 · Employees: 1,519
Size Hangzhou Binjiang Real Estate (002244.SZ) is a China Real Estate company (Real Estate Development) with a market value of $4.27B, the 601st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.37 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -11.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 35.1% over the last twelve months (peer median +6.2%); the operating margin is 5.6% (peer median 21.7%).
Valuation It trades at 12.8× forward earnings against a peer median of 14.0× (7th cheapest of 16).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥60.9B | CN¥82.7B | CN¥68.9B | CN¥70.2B | CN¥41.3B |
| Revenue growth | — | +20% | -2% | +70% | — |
| Gross profit | CN¥8.04B | CN¥10.7B | CN¥8.37B | CN¥11.5B | CN¥7.02B |
| EBITDA | n/a | CN¥6.61B | CN¥6.13B | CN¥4.86B | CN¥4.54B |
| Net income | CN¥1.63B | CN¥2.12B | CN¥2.55B | CN¥2.53B | CN¥3.74B |
| Free cash flow | CN¥12.4B | -CN¥3.99B | CN¥8.25B | CN¥32.9B | CN¥5.20B |
| Capital expenditure | CN¥20.6M | CN¥11.8M | CN¥27.8M | CN¥189M | CN¥137M |
| Total debt | CN¥25.7B | CN¥58.0B | CN¥63.7B | CN¥67.0B | CN¥75.5B |
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 |
|---|---|---|---|---|---|---|
| Hangzhou Binjiang Real Estate 002244.SZ | $4.27B | -2% | -35% | 6% | 12.8× | n/a |
| China Vanke 000002.SZ | $5.36B | -17% | -32% | -24% | n/a | n/a |
| Greentown China 3900.HK | $1.74B | -48% | +1% | 3% | 43.6× | n/a |
| Seazen 601155.SS | $4.23B | -15% | -39% | 14% | 31.9× | 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 | 002244.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | +3.5% | 5th lowest of 21 |
| 6-month return | -1.9% | -11.1% | 6th highest of 21 |
| Distance from 52-week high | -24.1% | -28.0% | 9th highest of 21 |
| Revenue growth (TTM) | -35.1% | +6.2% | 4th lowest of 21 |
| Operating margin | 5.6% | 21.7% | 4th lowest of 21 |
| Forward P/E | 12.8× | 14.0× | 7th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | 12.8× | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | 31.9× | n/a | n/a |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Tokyo Tatemono 8804.T | Japan | $4.37B | -6% | +17% | 22% | 10.3× | n/a | n/a |
| Meritage Homes MTH | United States | $4.38B | +4% | -15% | 7% | 16.2× | n/a | n/a |
| LEG Immobilien LEG.DE | Germany | $4.39B | -11% | +1% | 34% | 8.1× | n/a | n/a |
| Hang Lung Ppt 0101.HK | Hong Kong | $4.40B | -29% | +10% | 53% | 11.8× | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | 8.2× | n/a | n/a |
| Longfor 0960.HK | Hong Kong | $4.05B | -47% | -42% | 1% | n/a | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Howard Hughes HHH | United States | $4.64B | +18% | +32% | 15% | 29.6× | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | n/a | n/a |
| Shanghai Lujiazui Finance & Trade Zone Development 600663.SS | China | $4.81B | -10% | -21% | 21% | 14.0× | n/a | n/a |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | 19.5× | n/a | n/a |
| City Developments C09.SI | Singapore | $5.13B | -11% | +36% | 14% | 14.1× | n/a | n/a |
| Nomura Real Estate 3231.T | Japan | $5.17B | -12% | +19% | 14% | 8.8× | n/a | n/a |
| UOL U14.SI | Singapore | $5.23B | -23% | +2% | 25% | 13.8× | n/a | n/a |
| Tsim Sha Tsui Properties 0247.HK | Hong Kong | $5.24B | -20% | +15% | 34% | n/a | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |
| China Vanke 2202.HK | Hong Kong | $5.28B | -30% | -35% | -27% | n/a | n/a | n/a |