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Shopping mall and property-management operator spun off from China Resources Land, running malls across China.
Shopping mall and property-management operator spun off from China Resources Land, running malls across China.
Mostly earns management fees rather than rent: it runs residential communities for owners and malls and offices owned by others, including its parent China Resources Land, for fees partly linked to how the malls perform. Spun off and listed in Hong Kong in 2020, it grows by winning management contracts from outside the parent.
In one line: A Chinese mall-operator/property-manager spinoff of China Resources Land.
Moat: narrow (brand, scale, installed base). China Resources brand and an expanding portfolio of well-located malls across Chinese cities.
Headquarters: Shenzhen, China · Founded: 2020 · Employees: 37,704
Size China Res Mixc (1209.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $12.1B, the 142nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$41.64 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against +2.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 10.1% over the last twelve months (peer median +4.8%); the operating margin is 27.7% (peer median 30.0%).
Valuation It trades at 18.4× forward earnings against a peer median of 18.3× (10th most expensive of 20).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$21.0B | HK$19.6B | HK$18.6B | HK$16.4B | HK$14.0B |
| Revenue growth | — | +5% | +14% | +17% | — |
| Gross profit | HK$7.62B | HK$7.00B | HK$6.17B | HK$5.22B | HK$4.26B |
| EBITDA | HK$6.19B | HK$5.69B | HK$5.02B | HK$4.10B | HK$3.06B |
| Net income | HK$4.68B | HK$4.30B | HK$3.90B | HK$3.24B | HK$2.57B |
| Free cash flow | HK$4.57B | HK$4.31B | HK$4.91B | HK$3.26B | HK$2.42B |
| Capital expenditure | HK$328M | HK$229M | HK$427M | HK$643M | HK$141M |
| Total debt | n/a | HK$2.47B | HK$2.46B | HK$2.66B | HK$2.70B |
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 Mixc 1209.HK | $12.1B | -14% | +10% | 28% | 18.4× | n/a |
| China Overseas Property 2669.HK | $1.41B | -17% | +11% | 11% | 7.0× | n/a |
| Longfor 0960.HK | $4.05B | -47% | -42% | 1% | n/a | n/a |
| Country Garden Services 6098.HK | $2.13B | -21% | +11% | 4% | 7.0× | 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 | 1209.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.0% | +7.4% | 6th highest of 21 |
| 6-month return | -13.9% | +2.7% | 5th lowest of 21 |
| Distance from 52-week high | -16.7% | -11.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +10.1% | +4.8% | 9th highest of 21 |
| Operating margin | 27.7% | 30.0% | 10th lowest of 21 |
| Forward P/E | 18.4× | 18.3× | 10th most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 34% | 20.4× | n/a | n/a |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 76% | 31.7× | n/a | n/a |
| China Merchants Shekou Industrial Zone 001979.SZ | China | $10.4B | -10% | -22% | 1% | 69.7× | n/a | n/a |
| Poly Developments & 600048.SS | China | $10.1B | -9% | -4% | 4% | 48.6× | n/a | n/a |
| Hulic 3003.T | Japan | $9.16B | +7% | +25% | 23% | 11.5× | n/a | n/a |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 40% | 9.4× | n/a | n/a |
| PSP Swiss Property PSPN.SW | Switzerland | $8.73B | +5% | +44% | 68% | 27.9× | n/a | n/a |
| Jones Lang LaSalle JLL | United States | $16.9B | +12% | +11% | 5% | 13.4× | n/a | n/a |
| Hongkong Land H78.SI | Singapore | $17.7B | -1% | -25% | 23% | 20.9× | n/a | n/a |
| Phoenix Mills PHOENIXLTD.NS | India | $8.13B | +18% | +13% | 52% | 52.0× | n/a | n/a |
| Henderson Land 0012.HK | Hong Kong | $18.3B | -12% | +46% | 20% | 17.2× | n/a | n/a |
| China Overseas 0688.HK | Hong Kong | $18.4B | -13% | +4% | 11% | 10.2× | n/a | n/a |
| Wharf (Holdings) 0004.HK | Hong Kong | $7.92B | -32% | -1% | 41% | 15.7× | n/a | n/a |
| Compass COMP | United States | $7.84B | +17% | +68% | 0% | n/a | n/a | n/a |
| Sumitomo Realty & Development C 8830.T | Japan | $18.8B | -34% | +5% | 29% | 12.8× | n/a | n/a |
| Swire Properties 1972.HK | Hong Kong | $19.4B | +4% | +6% | 49% | 18.3× | n/a | n/a |
| DLF DLF.NS | India | $19.7B | +22% | -29% | 13% | 38.3× | n/a | n/a |