Who are Greentown China's main competitors?

Named competitors: China Resources Land (1109.HK), China Overseas Land (0688.HK), Longfor Group (0960.HK). The cockpit's measured peer set (industry) also includes Greentown Service (2869.HK), GuocoLand (F17.SI), China-Singapore Suzhou Industrial Park Development (601512.SS), China Jinmao (0817.HK), PPI Public Property Invest (PUBLI.ST), Greater Bay Area AI Computing Tech (1396.HK).

Is Greentown China expensive compared with its peers?

On forward p/e it trades at 43.6× against a peer median of 11.6×, most expensive of 15 in its peer set.

How has Greentown China stock performed?

Over six months to 6 Nov 2026 the shares returned -48.1% against -8.9% for the median peer; over one year -38.4%.

← CockpitCompetitor Analysis › 3900.HK Greentown China Holdings Ltd.Open in the cockpit ↗

Greentown China Holdings Ltd.3900.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Real Estate›Real Estate Development

Chinese property developer known for high-quality residential projects, with China Communications Construction as a major shareholder.

≈ A quality-focused Chinese homebuilderMomentum laggard 15

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.74B

US dollars, full cap

Free float

40%

of shares outstanding

$/day

$6.30M

20-day average traded

Fwd P/E

43.6×

forward earnings

ROIC−WACC

n/a

WACC 5.5%

Hurdle

n/a

no reverse DCF

Next earnings

139 days

25 Mar 2027

Close · HKDHK$5.38

1D-5.0%

1W-2.8%

1M-14.6%

3M-26.8%

6M-48.1%

YTD-36.5%

1Y-38.4%

ATR %5.2%

52w lowhigh55.1% off high

What Greentown China does

Chinese property developer known for high-quality residential projects, with China Communications Construction as a major shareholder.

Recognises revenue when homes are delivered to buyers, so reported results lag sales by a year or more, and pre-sale cash from buyers funds construction. It also earns fees for managing developments owned by others, a lighter-capital line. Zhejiang is its home base.

In one line: A quality-focused Chinese homebuilder.

Products and services

Residential property development
Project management services (for other developers)
Property management (via Greentown Service)

Customers

Homebuyers in China
Other developers (project management clients)

Where it sits in the supply chain

Real estate
Residential development
Project management/construction…

What could go right

Premium housing demand resilience vs mass market

What could go wrong

China property downturn

Moat: narrow (brand). Premium build-quality brand reputation among Chinese homebuyers.

Headquarters: Hangzhou, China · Founded: 1995 · Employees: 8,734

Named competitors

Greentown China at a glance

Size Greentown China (3900.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $1.74B, the 449th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.38 on 6 Nov 2026.

Performance Over six months the shares fell 48.1%, against -8.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 20 in its peer set.

Growth Revenue grew 1.4% over the last twelve months (peer median +4.5%); the operating margin is 3.3% (peer median 22.9%).

Valuation It trades at 43.6× forward earnings against a peer median of 11.6× (most expensive of 15).

Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Greentown China against the median of its 20 peers (local-currency closes).

Greentown China financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	HK$157B	HK$169B	HK$173B	HK$146B	HK$149B
Revenue growth	—	-2%	+18%	-2%	—
Gross profit	HK$17.9B	HK$20.5B	HK$22.6B	HK$19.5B	HK$26.8B
EBITDA	HK$5.89B	HK$8.25B	HK$9.46B	HK$9.87B	HK$16.2B
Net income	-HK$58.9M	HK$77.0M	HK$1.73B	HK$3.42B	HK$3.01B
Free cash flow	HK$20.3B	HK$899M	HK$26.1B	HK$21.6B	HK$9.53B
Capital expenditure	HK$503M	HK$376M	HK$386M	HK$397M	HK$458M
Total debt	n/a	HK$149B	HK$147B	HK$162B	HK$160B

Quarterly statements and history in the cockpit →

Greentown China competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Greentown China is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Greentown China is the large dot.

Greentown China competitors and peer comparison

Head to head with its named competitors (3900.HK vs 1109.HK vs 0688.HK vs 0960.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Greentown China 3900.HK	$1.74B	-48%	+1%	3%	43.6×	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

How Greentown China compares with its peers

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.

Greentown China against its 20 peers (data as of 6 Nov 2026)
Measure	3900.HK	Peer median	Rank in peer set
1-month return	-14.6%	+0.9%	3rd lowest of 21
6-month return	-48.1%	-8.9%	lowest of 20
Distance from 52-week high	-55.1%	-18.3%	3rd lowest of 21
Revenue growth (TTM)	+1.4%	+4.5%	9th lowest of 20
Operating margin	3.3%	22.9%	4th lowest of 21
Forward P/E	43.6×	11.6×	most expensive of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Greentown China 3900.HK	Hong Kong	$1.74B	-48%	+1%	3%	43.6×	n/a	n/a
Greentown Service 2869.HK	Hong Kong	$1.74B	-9%	+13%	7%	11.2×	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
PPI Public Property Invest PUBLI.ST	Sweden	$1.78B	n/a	n/a	70%	n/a	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
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
Grainger GRI.L	United Kingdom	$1.83B	+19%	-23%	49%	19.8×	n/a	n/a
Sino Horizon 2923.TW	Taiwan	$1.65B	+40%	+63%	47%	n/a	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 Industrial 0363.HK	Hong Kong	$1.89B	-14%	-28%	15%	7.1×	n/a	n/a
Shanghai Waigaoqiao Free Trade Zone 600648.SS	China	$1.60B	-15%	-3%	8%	12.1×	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

Questions

Who are Greentown China's main competitors?: Named competitors: China Resources Land (1109.HK), China Overseas Land (0688.HK), Longfor Group (0960.HK). The cockpit's measured peer set (industry) also includes Greentown Service (2869.HK), GuocoLand (F17.SI), China-Singapore Suzhou Industrial Park Development (601512.SS), China Jinmao (0817.HK), PPI Public Property Invest (PUBLI.ST), Greater Bay Area AI Computing Tech (1396.HK).
Is Greentown China expensive compared with its peers?: On forward p/e it trades at 43.6× against a peer median of 11.6×, most expensive of 15 in its peer set.
How has Greentown China stock performed?: Over six months to 6 Nov 2026 the shares returned -48.1% against -8.9% for the median peer; over one year -38.4%.