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Real estate arm of China Cinda Asset Management, developing and monetizing distressed property assets it acquires.
Real estate arm of China Cinda Asset Management, developing and monetizing distressed property assets it acquires.
Earns from selling homes it develops, booked when buyers take delivery, and from selling the distressed property assets it acquires. Its parent, China Cinda, is a state-owned bad-debt manager that gives it access to property seized in loan workouts, so income is lumpy and tied to the property cycle.
In one line: A Chinese distressed-property arm of a bad-debt manager.
Moat: narrow (scale, distribution). Access to distressed property deal flow from parent Cinda's bad-debt resolution business.
Headquarters: Beijing, China · Employees: 1,181
Size Cinda Real Estate (600657.SS) is a China Real Estate company (Real Estate Development) with a market value of $1.08B, the 2152nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.53 on 6 Nov 2026.
Performance Over six months the shares fell 18.6%, against -12.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 43.8% over the last twelve months (peer median -8.4%); the operating margin is -97.0% (peer median 3.7%).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.09B | CN¥4.55B | CN¥8.00B | CN¥11.4B | CN¥18.2B |
| Revenue growth | — | -43% | -30% | -37% | — |
| Gross profit | CN¥1.05B | CN¥1.01B | CN¥2.31B | CN¥2.97B | CN¥4.43B |
| EBITDA | -CN¥3.78B | -CN¥4.39B | CN¥1.04B | CN¥1.52B | CN¥2.63B |
| Net income | -CN¥5.50B | -CN¥7.88B | -CN¥784M | CN¥505M | CN¥550M |
| Free cash flow | CN¥722M | CN¥650M | -CN¥1.05B | CN¥1.45B | CN¥2.43B |
| Capital expenditure | CN¥37.5M | CN¥33.4M | CN¥12.7M | CN¥39.6M | CN¥19.7M |
| Total debt | CN¥37.9B | CN¥38.0B | CN¥37.5B | CN¥38.5B | CN¥34.7B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Cinda Real Estate 600657.SS | $1.08B | -19% | -44% | -97% | n/a | n/a |
| China Vanke 000002.SZ | $5.36B | -17% | -32% | -24% | 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 | 600657.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.5% | -1.5% | 2nd lowest of 21 |
| 6-month return | -18.6% | -12.5% | 8th lowest of 21 |
| Distance from 52-week high | -37.7% | -31.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -43.8% | -8.4% | 2nd lowest of 21 |
| Operating margin | -97.0% | 3.7% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cinda Real Estate 600657.SS | China | $1.08B | -19% | -44% | -97% | n/a | n/a | n/a |
| Zhuhai Zhumian 600185.SS | China | $1.08B | -27% | -49% | 17% | n/a | n/a | n/a |
| Ichigo 2337.T | Japan | $1.09B | -13% | -17% | 29% | n/a | n/a | n/a |
| PLAZZA PLAN.SW | Switzerland | $1.08B | -4% | +6% | 76% | n/a | n/a | n/a |
| Vivenio Residencial SOCIMI YVIV.MC | Spain | $1.09B | -1% | +34% | 60% | n/a | n/a | n/a |
| Shenzhen Kingkey Smart Agriculture Times 000048.SZ | China | $1.10B | -7% | -17% | -15% | n/a | n/a | n/a |
| Token 1766.T | Japan | $1.07B | -1% | +5% | 6% | n/a | n/a | n/a |
| AEDAS Homes AEDAS.MC | Spain | $1.10B | +1% | -25% | 10% | n/a | n/a | n/a |
| Hotel101 Global HBNB | United States | $1.07B | -29% | +1,178% | 2% | n/a | n/a | n/a |
| Sunac China 1918.HK | Hong Kong | $1.06B | -64% | -29% | -27% | n/a | n/a | n/a |
| Cibus Real Estate AB (publ) CIBUS.ST | Sweden | $1.11B | -12% | +20% | 75% | n/a | n/a | n/a |
| Gemlife Communities GLF.AX | Australia | $1.05B | -9% | +8% | 32% | n/a | n/a | n/a |
| Mercialys MERY.PA | France | $1.05B | -15% | +3% | 69% | n/a | n/a | n/a |
| Marcus & Millichap MMI | United States | $1.05B | -9% | +12% | 1% | n/a | n/a | n/a |
| Signatureglobal (India) SIGNATURE.NS | India | $1.11B | -17% | -23% | -7% | n/a | n/a | n/a |
| IRSA Inversiones y Representaciones SA Sponsored ADR IRS | United States | $1.12B | -10% | +4% | 42% | n/a | n/a | n/a |
| Black Peony (Group) 600510.SS | China | $1.04B | -37% | -24% | -14% | n/a | n/a | n/a |
| Beijing Capital Development 600376.SS | China | $1.04B | -41% | -35% | -15% | n/a | n/a | n/a |
| 5I5J 000560.SZ | China | $1.03B | -2% | -21% | -6% | n/a | n/a | n/a |
| Beijing Urban Construction Investment & Development Co 600266.SS | China | $1.16B | -21% | -31% | -2% | n/a | n/a | n/a |
| China Sports Industry 600158.SS | China | $1.01B | -41% | 0% | -9% | n/a | n/a | n/a |