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Residential property-management company associated with developer Greentown China, focused on premium communities.
Residential property-management company associated with developer Greentown China, focused on premium communities.
Earns a recurring monthly management fee from homeowners, plus charges for extra services to residents and to developers. A close link to Greentown China, the developer, supplies new buildings to manage, while third-party contracts are what the company is trying to grow.
In one line: A quality-focused Chinese property-management firm.
Moat: narrow (brand, installed base). Premium-quality service brand tied to Greentown's high-end residential reputation.
Headquarters: Hangzhou, China · Founded: 1998 · Employees: 51,785
Size Greentown Service (2869.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $1.74B, the 453rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.31 on 6 Nov 2026.
Performance Over six months the shares fell 8.9%, against -13.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +2.6%); the operating margin is 7.4% (peer median 22.9%).
Valuation It trades at 11.2× forward earnings against a peer median of 11.9× (6th cheapest of 15).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$22.1B | HK$20.8B | HK$19.5B | HK$18.6B | HK$17.4B |
| Revenue growth | — | +7% | +4% | +7% | — |
| Gross profit | HK$3.94B | HK$3.62B | HK$3.32B | HK$3.10B | HK$2.87B |
| EBITDA | HK$2.03B | HK$1.83B | HK$1.81B | HK$1.50B | HK$1.44B |
| Net income | HK$1.10B | HK$955M | HK$746M | HK$669M | HK$637M |
| Free cash flow | HK$1.75B | HK$1.70B | HK$1.43B | HK$1.35B | HK$463M |
| Capital expenditure | HK$103M | HK$130M | HK$349M | HK$556M | HK$528M |
| Total debt | n/a | HK$569M | HK$855M | HK$1.91B | HK$2.08B |
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 |
|---|---|---|---|---|---|---|
| Greentown Service 2869.HK | $1.74B | -9% | +13% | 7% | 11.2× | n/a |
| Onewo 2602.HK | $2.84B | +6% | +8% | 3% | 20.6× | n/a |
| Poly Property Services 6049.HK | $1.92B | -14% | +8% | 11% | 7.9× | n/a |
| China Res Mixc 1209.HK | $12.1B | -14% | +10% | 28% | 18.4× | 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 | 2869.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | +0.1% | 5th highest of 21 |
| 6-month return | -8.9% | -13.7% | 10th highest of 20 |
| Distance from 52-week high | -13.3% | -23.3% | 7th highest of 21 |
| Revenue growth (TTM) | +12.7% | +2.6% | 6th highest of 20 |
| Operating margin | 7.4% | 22.9% | 7th lowest of 21 |
| Forward P/E | 11.2× | 11.9× | 6th cheapest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greentown Service 2869.HK | Hong Kong | $1.74B | -9% | +13% | 7% | 11.2× | n/a | n/a |
| Greentown China 3900.HK | Hong Kong | $1.74B | -48% | +1% | 3% | 43.6× | n/a | n/a |
| GuocoLand F17.SI | Singapore | $1.75B | -16% | -24% | 7% | 11.5× | n/a | n/a |
| China-Singapore Suzhou Industrial Park Development 601512.SS | China | $1.75B | -23% | -32% | 22% | 10.8× | n/a | n/a |
| China Jinmao 0817.HK | Hong Kong | $1.77B | -45% | -8% | 5% | 9.9× | n/a | n/a |
| Greater Bay Area AI Computing Tech 1396.HK | Hong Kong | $1.70B | -41% | +76% | -6% | 15.6× | n/a | n/a |
| PPI Public Property Invest PUBLI.ST | Sweden | $1.78B | n/a | n/a | 70% | n/a | n/a | n/a |
| Realia Business RLIA.MC | Spain | $1.68B | -3% | +82% | 41% | 13.7× | n/a | n/a |
| Jinke Property 000656.SZ | China | $1.68B | -24% | -87% | -1,642% | n/a | n/a | n/a |
| New World Development 0017.HK | Hong Kong | $1.68B | -46% | +10% | -8% | n/a | n/a | n/a |
| Intershop ISN.SW | Switzerland | $1.82B | -9% | +5% | 79% | 18.5× | n/a | n/a |
| Jeudan A/S JDAN.CO | Denmark | $1.66B | 0% | +3% | 62% | n/a | n/a | n/a |
| Sino Horizon 2923.TW | Taiwan | $1.65B | +40% | +63% | 47% | n/a | n/a | n/a |
| Grainger GRI.L | United Kingdom | $1.83B | +19% | -23% | 49% | 19.8× | n/a | n/a |
| HIAG Immobilien HIAG.SW | Switzerland | $1.64B | -2% | +96% | 50% | 15.4× | n/a | n/a |
| Altra Fastigheter ALTRA.ST | Sweden | $1.64B | +18% | -2% | 64% | 11.8× | n/a | n/a |
| Inmocemento IMC.MC | Spain | $1.88B | -4% | +10% | 29% | n/a | n/a | n/a |
| Shanghai Waigaoqiao Free Trade Zone 600648.SS | China | $1.60B | -15% | -3% | 8% | 12.1× | n/a | n/a |
| Shanghai Industrial 0363.HK | Hong Kong | $1.89B | -14% | -28% | 15% | 7.1× | n/a | n/a |
| Dom Development DOM.WA | Poland | $1.59B | -6% | +14% | 24% | 9.1× | n/a | n/a |
| Poly Property Services 6049.HK | Hong Kong | $1.92B | -14% | +8% | 11% | 7.9× | n/a | n/a |