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Major Chinese property developer with a large recurring-income arm from shopping malls (Longfor Commercial) and rentals.
Major Chinese property developer with a large recurring-income arm from shopping malls (Longfor Commercial) and rentals.
Earns mainly from selling apartments, with revenue booked when units are handed over, so the property cycle drives the total. Malls and rental housing give steady rent that does not depend on new sales, and its property-management arm, Longfor Smart Services, is separately listed.
In one line: A Chinese mixed residential developer plus mall landlord.
Moat: narrow (brand, scale, installed base). Established residential brand plus a growing recurring-rental mall portfolio cushions cyclicality.
Headquarters: Chongqing/Beijing, China · Founded: 1993 · Employees: 31,653
Size Longfor (0960.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $4.05B, the 294th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.58 on 6 Nov 2026.
Performance Over six months the shares fell 47.1%, against -2.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 41.8% over the last twelve months (peer median +10.0%); the operating margin is 0.7% (peer median 22.9%).
Credit Longfor has 4 bonds outstanding ($1.37B), rated B+ by the agencies and trading like CCC+ at a weighted spread of 767 bp.
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$87.7B | HK$106B | HK$139B | HK$200B | HK$292B |
| Revenue growth | — | -24% | -31% | -31% | — |
| Gross profit | HK$7.36B | HK$10.4B | HK$22.5B | HK$34.3B | HK$62.1B |
| EBITDA | HK$942M | HK$3.62B | HK$13.5B | HK$22.9B | HK$48.7B |
| Net income | -HK$166M | HK$1.11B | HK$11.3B | HK$14.2B | HK$28.3B |
| Free cash flow | HK$10.4B | HK$18.2B | HK$24.5B | HK$27.8B | HK$4.48B |
| Capital expenditure | HK$116M | HK$52.5M | HK$365M | HK$958M | HK$363M |
| Total debt | n/a | HK$185B | HK$202B | HK$228B | HK$251B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Longfor 0960.HK | $4.05B | -47% | -42% | 1% | n/a | n/a |
| China Res Land 1109.HK | $29.1B | -7% | -12% | 16% | n/a | n/a |
| China Overseas 0688.HK | $18.4B | -13% | +4% | 11% | n/a | n/a |
| Sunac China 1918.HK | $1.06B | -64% | -29% | -27% | n/a | 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 | 0960.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.0% | +6.8% | 3rd lowest of 21 |
| 6-month return | -47.1% | -2.8% | lowest of 21 |
| Distance from 52-week high | -57.3% | -20.6% | lowest of 21 |
| Revenue growth (TTM) | -41.8% | +10.0% | lowest of 21 |
| Operating margin | 0.7% | 22.9% | 2nd lowest of 21 |
| Bond spread | 767 bp | 139 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% | n/a | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | n/a | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | n/a | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | n/a | n/a | n/a |
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | n/a | n/a | n/a |
| Tokyo Tatemono 8804.T | Japan | $4.37B | -6% | +17% | 22% | n/a | n/a | n/a |
| Meritage Homes MTH | United States | $4.38B | +4% | -15% | 7% | n/a | n/a | n/a |
| LEG Immobilien LEG.DE | Germany | $4.39B | -11% | +1% | 34% | n/a | n/a | n/a |
| Hang Lung Ppt 0101.HK | Hong Kong | $4.40B | -29% | +10% | 53% | n/a | n/a | n/a |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | n/a | n/a | n/a |
| Howard Hughes HHH | United States | $4.64B | +18% | +32% | 15% | n/a | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | n/a | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | n/a | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | n/a | n/a | n/a |
| Shanghai Lujiazui Finance & Trade Zone Development 600663.SS | China | $4.81B | -10% | -21% | 21% | n/a | n/a | n/a |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | n/a | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | n/a | n/a | n/a |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 4% | n/a | n/a | n/a |
Longfor has 4 bonds outstanding with $1.37B face value. The agencies rate it B+; its bonds trade like CCC+. Weighted yield 12.16%, a spread of 767 bp over government bonds.