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Chinese property developer operating residential projects and Wuyue Plaza shopping malls (formerly Future Land).
Chinese property developer operating residential projects and Wuyue Plaza shopping malls (formerly Future Land).
Earns most from selling homes it builds, booking sales as projects are completed and handed over, while the Wuyue Plaza malls bring rent and management fees that are steadier. China's property downturn since 2021 has weighed on the developing side, which carries the group.
In one line: A Chinese mixed residential developer plus mall operator.
Moat: narrow (brand, installed base). Wuyue Plaza mall network provides recurring rental income cushioning developer cyclicality.
Headquarters: Shanghai, China · Founded: 1996 · Employees: 18,954
Size Seazen (1030.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $1.36B, the 517th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.47 on 6 Nov 2026.
Performance Over six months the shares fell 36.1%, against -16.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue fell 35.4% over the last twelve months (peer median +3.3%); the operating margin is 15.8% (peer median 15.5%).
Valuation It trades at 12.8× forward earnings against a peer median of 9.8× (7th most expensive of 14).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$54.0B | HK$57.5B | HK$96.6B | HK$132B | HK$136B |
| Revenue growth | — | -41% | -27% | -3% | — |
| Gross profit | HK$13.7B | HK$13.2B | HK$16.0B | HK$18.0B | HK$18.3B |
| EBITDA | HK$8.79B | HK$7.84B | HK$7.61B | HK$6.84B | HK$6.47B |
| Net income | HK$367M | HK$427M | HK$533M | -HK$405M | HK$326M |
| Free cash flow | -HK$3.29B | -HK$3.52B | -HK$4.35B | HK$4.00B | HK$9.54B |
| Capital expenditure | HK$9.13M | HK$45.7M | HK$53.5M | HK$311M | HK$1.95B |
| Total debt | n/a | HK$65.3B | HK$63.1B | HK$72.4B | HK$96.1B |
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 |
|---|---|---|---|---|---|---|
| Seazen 1030.HK | $1.36B | -36% | -35% | 16% | 12.8× | n/a |
| Longfor 0960.HK | $4.05B | -47% | -42% | 1% | n/a | n/a |
| China Res Land 1109.HK | $29.1B | -7% | -12% | 16% | 8.9× | 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 | 1030.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.7% | -5.3% | 7th highest of 21 |
| 6-month return | -36.1% | -16.2% | 3rd lowest of 20 |
| Distance from 52-week high | -47.7% | -30.6% | 4th lowest of 21 |
| Revenue growth (TTM) | -35.4% | +3.3% | 4th lowest of 21 |
| Operating margin | 15.8% | 15.5% | 11th highest of 21 |
| Forward P/E | 12.8× | 9.8× | 7th most expensive of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | 12.8× | n/a | n/a |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | 9.8× | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 7.8× | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | 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 |
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | 102.7× | 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 |