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Chinese residential property developer, the listed real-estate arm of state-owned conglomerate Xiamen C&D.
Chinese residential property developer, the listed real-estate arm of state-owned conglomerate Xiamen C&D.
Earns by selling homes, largely in presales where buyers pay before completion, so cash flow depends on sales pace and on land bought from local governments. Its parent, Xiamen C&D, is a state-owned group tied to Xiamen city, which gives it funding access that private developers lack.
In one line: A state-backed Chinese homebuilder.
Moat: narrow (regulatory licence, scale). State-owned parent (Xiamen C&D) gives funding access advantages over private peers.
Headquarters: Xiamen, China · Founded: 1998 · Employees: 23,153
Size C&D International Investment (1908.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $4.11B, the 291st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.90 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against -4.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 15.1% over the last twelve months (peer median +10.5%); the operating margin is 6.8% (peer median 22.9%).
Valuation It trades at 8.2× forward earnings against a peer median of 14.1× (3rd cheapest of 18).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$133B | HK$148B | HK$155B | HK$149B | HK$116B |
| Revenue growth | — | -4% | +4% | +28% | — |
| Gross profit | HK$18.9B | HK$20.7B | HK$20.7B | HK$16.5B | HK$17.8B |
| EBITDA | HK$9.19B | HK$11.1B | HK$11.3B | HK$8.65B | HK$8.57B |
| Net income | HK$3.90B | HK$3.96B | HK$5.21B | HK$5.56B | HK$5.74B |
| Free cash flow | n/a | HK$23.3B | HK$3.91B | HK$26.1B | HK$3.43B |
| Capital expenditure | n/a | HK$370M | HK$235M | HK$212M | HK$94.7M |
| Total debt | n/a | HK$138B | HK$134B | HK$129B | HK$134B |
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 |
|---|---|---|---|---|---|---|
| C&D International Investment 1908.HK | $4.11B | -15% | -15% | 7% | 8.2× | n/a |
| 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 |
| Longfor 0960.HK | $4.05B | -47% | -42% | 1% | 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 | 1908.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | +6.0% | 10th lowest of 21 |
| 6-month return | -14.7% | -4.9% | 5th lowest of 21 |
| Distance from 52-week high | -24.7% | -21.7% | 9th lowest of 21 |
| Revenue growth (TTM) | -15.1% | +10.5% | 6th lowest of 21 |
| Operating margin | 6.8% | 22.9% | 5th lowest of 21 |
| Forward P/E | 8.2× | 14.1× | 3rd cheapest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | 31.9× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | 12.8× | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | 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 |
| Howard Hughes HHH | United States | $4.64B | +18% | +32% | 15% | 29.6× | 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 |
| Shanghai Lujiazui Finance & Trade Zone Development 600663.SS | China | $4.81B | -10% | -21% | 21% | 14.0× | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | 14.6× | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | 11.9× | n/a | n/a |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | 9.4× | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | 18.6× | n/a | n/a |
| City Developments C09.SI | Singapore | $5.13B | -11% | +36% | 14% | 14.1× | n/a | n/a |