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SOE-backed Chinese developer building residential property and operating shopping malls under the China Resources Group.
SOE-backed Chinese developer building residential property and operating shopping malls under the China Resources Group.
Sells apartments it develops, recognising revenue when homes are delivered, while its MixC shopping malls collect rent from tenants, usually a base rent plus a share of sales, giving steadier income than development. The state-owned China Resources group is the controlling shareholder, which lets it borrow on better terms than most private developers.
In one line: A state-backed Chinese mixed developer with a growing mall portfolio.
Moat: narrow (brand, scale, installed base). State-backed low-cost funding and a growing portfolio of well-located malls provide steadier income than pure homebuilding.
Headquarters: Shenzhen, China · Founded: 1994 · Employees: 59,077
Size China Res Land (1109.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $29.1B, the 54th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$32.02 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against -4.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 11.7% over the last twelve months (peer median +5.9%); the operating margin is 15.7% (peer median 24.6%).
Valuation It trades at 8.9× forward earnings against a peer median of 16.5× (cheapest of 21).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$282B | HK$306B | HK$304B | HK$278B | HK$242B |
| Revenue growth | — | +1% | +9% | +15% | — |
| Gross profit | HK$60.5B | HK$65.3B | HK$66.5B | HK$70.8B | HK$64.3B |
| EBITDA | HK$45.9B | HK$51.2B | HK$53.2B | HK$56.8B | HK$52.7B |
| Net income | HK$26.0B | HK$27.6B | HK$27.7B | HK$34.7B | HK$32.7B |
| Free cash flow | HK$64.6B | HK$36.0B | HK$42.5B | HK$18.0B | -HK$6.91B |
| Capital expenditure | HK$950M | HK$975M | HK$1.05B | HK$26.6B | HK$2.21B |
| Total debt | n/a | HK$339B | HK$308B | HK$316B | HK$303B |
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 |
|---|---|---|---|---|---|---|
| China Res Land 1109.HK | $29.1B | -7% | -12% | 16% | 8.9× | n/a |
| China Overseas 0688.HK | $18.4B | -13% | +4% | 11% | 10.2× | n/a |
| China Vanke 2202.HK | $5.28B | -30% | -35% | -27% | n/a | n/a |
| Longfor 0960.HK | $4.05B | -47% | -42% | 1% | n/a | n/a |
| Shk Ppt 0016.HK | $43.5B | -18% | +17% | 26% | 14.1× | 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 | 1109.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.6% | +9.1% | 10th lowest of 21 |
| 6-month return | -7.0% | -4.3% | 10th lowest of 21 |
| Distance from 52-week high | -17.2% | -13.4% | 9th lowest of 21 |
| Revenue growth (TTM) | -11.7% | +5.9% | 5th lowest of 21 |
| Operating margin | 15.7% | 24.6% | 8th lowest of 21 |
| Forward P/E | 8.9× | 16.5× | cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Res Land 1109.HK | Hong Kong | $29.1B | -7% | -12% | 16% | 8.9× | n/a | n/a |
| Mitsubishi Estate 8802.T | Japan | $29.5B | -12% | +17% | 21% | 19.2× | n/a | n/a |
| Mitsui Fudosan 8801.T | Japan | $27.4B | -5% | -10% | 14% | 14.9× | n/a | n/a |
| CK Asset 1113.HK | Hong Kong | $21.9B | -3% | +48% | 15% | 12.8× | n/a | n/a |
| CBRE CBRE | United States | $39.1B | -7% | +14% | 3% | 16.3× | n/a | n/a |
| KE Holdings, Inc. Class A 2423.HK | Hong Kong | $21.4B | +3% | -11% | 6% | 16.8× | n/a | n/a |
| DLF DLF.NS | India | $19.7B | +22% | -29% | 13% | 38.3× | n/a | n/a |
| Shk Ppt 0016.HK | Hong Kong | $43.5B | -18% | +17% | 26% | 14.1× | n/a | n/a |
| Swire Properties 1972.HK | Hong Kong | $19.4B | +4% | +6% | 49% | 18.3× | n/a | n/a |
| Sumitomo Realty & Development C 8830.T | Japan | $18.8B | -34% | +5% | 29% | 12.8× | n/a | n/a |
| China Overseas 0688.HK | Hong Kong | $18.4B | -13% | +4% | 11% | 10.2× | n/a | n/a |
| Henderson Land 0012.HK | Hong Kong | $18.3B | -12% | +46% | 20% | 17.2× | n/a | n/a |
| Hongkong Land H78.SI | Singapore | $17.7B | -1% | -25% | 23% | 20.9× | n/a | n/a |
| Jones Lang LaSalle JLL | United States | $16.9B | +12% | +11% | 5% | 13.4× | n/a | n/a |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 40% | 9.4× | n/a | n/a |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 76% | 31.7× | n/a | n/a |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 34% | 20.4× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |