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Shanghai developer under the Bright Food (Guangming) conglomerate, building residential and commercial property in the city.
Shanghai developer under the Bright Food (Guangming) conglomerate, building residential and commercial property in the city.
Moat: narrow (scale). Bright Food Group affiliation gives access to land and capital versus independent developers.
Headquarters: Shanghai, China · Employees: 967
Size Bright Real Estate (600708.SS) is a China Real Estate company (Real Estate Development) with a market value of $849M, the 2624th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.54 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against -9.9% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 54.3% over the last twelve months (peer median -6.6%); the operating margin is -82.1% (peer median 5.1%).
Valuation It trades at 1.04× book value against a peer median of 0.98× (8th most expensive of 19).
Price implies The share price implies a return on equity of about 8.5%; Bright Real Estate delivers -50.7%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.51B | CN¥4.47B | CN¥5.53B | CN¥8.58B | CN¥16.1B |
| Revenue growth | — | -19% | -36% | -47% | — |
| Gross profit | CN¥298M | CN¥265M | CN¥347M | CN¥1.44B | CN¥2.57B |
| EBITDA | n/a | -CN¥2.09B | -CN¥890M | CN¥118M | CN¥1.26B |
| Net income | -CN¥3.70B | -CN¥3.65B | -CN¥948M | CN¥33.8M | CN¥51.2M |
| Free cash flow | CN¥313M | CN¥554M | -CN¥1.12B | -CN¥898M | CN¥3.72B |
| Capital expenditure | CN¥1.10M | CN¥2.37M | CN¥85.5M | CN¥135M | CN¥89.6M |
| Total debt | CN¥23.7B | CN¥24.4B | CN¥32.8B | CN¥33.1B | CN¥32.0B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bright Real Estate 600708.SS | $849M | -33% | -54% | -51% | 1.04× | 8.5% |
| China Enterprise 600675.SS | $1.98B | -15% | -35% | -5% | 0.95× | 5.9% |
| GreatTown 600094.SS | $1.51B | -2% | -36% | -1% | 1.05× | 8.4% |
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 | 600708.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | -3.0% | 3rd lowest of 21 |
| 6-month return | -33.2% | -9.9% | 5th lowest of 21 |
| Return on equity | -50.7% | 1.3% | 2nd lowest of 19 |
| Price / book | 1.04× | 0.98× | 8th most expensive of 19 |
| ROE the price implies | 8.5% | 9.0% | 9th least demanding of 19 |
| ROE delivered | -50.7% | 1.7% | 2nd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bright Real Estate 600708.SS | China | $849M | -33% | -54% | -51% | 1.04× | 8.5% | -50.7% |
| Dios Fastigheter DIOS.ST | Sweden | $851M | -9% | +1% | 10% | 0.66× | 6.4% | 9.7% |
| Wing Tai W05.SI | Singapore | $846M | -10% | +168% | 1% | 0.36× | 2.6% | 0.8% |
| Country Garden 2007.HK | Hong Kong | $853M | -49% | -42% | n/a | n/a | n/a | n/a |
| Morguard MRC.TO | Canada | $844M | -6% | -1% | 5% | 0.25× | 3.8% | 4.6% |
| Shenzhen Tellus 000025.SZ | China | $843M | -16% | -60% | 8% | 3.18× | 25.7% | 7.6% |
| Sky Harbour SKYH | United States | $839M | +4% | +62% | 1% | 2.81× | 27.7% | 0.8% |
| Metro Land 600683.SS | China | $839M | -48% | +1,029% | n/a | n/a | n/a | n/a |
| Miramar Hotel & Investment 0071.HK | Hong Kong | $862M | -10% | -11% | 3% | 0.32× | 3.7% | 3.2% |
| Jm AB JM.ST | Sweden | $834M | +7% | -14% | -1% | 1.02× | 9.7% | -0.8% |
| Shenzhen New Nanshan Holding (Group) 002314.SZ | China | $833M | -19% | -55% | -49% | 1.01× | 6.6% | -48.8% |
| Zhuhai Huafa Properties 600325.SS | China | $871M | -39% | -18% | -145% | 1.85× | 12.2% | -145.3% |
| Max Estates MAXESTATES.NS | India | $872M | +20% | +5% | 1% | 3.39× | 56.8% | n/a |
| Harworth HWG.L | United Kingdom | $879M | +51% | -35% | -4% | 0.95× | 10.0% | -3.7% |
| Bukit Sembawang Estates B61.SI | Singapore | $880M | -10% | -37% | 8% | 0.67× | 4.3% | 7.9% |
| Sun Frontier Fudousan 8934.T | Japan | $816M | -16% | +3% | 13% | 0.95× | 6.5% | 13.3% |
| Logan 3380.HK | Hong Kong | $816M | -9% | -69% | -23% | 0.36× | 8.9% | -22.7% |
| Lushang Freda Pharmaceutical 600223.SS | China | $813M | -19% | +2% | 4% | 1.26× | 13.9% | 3.7% |
| FastPartner FPAR-A.ST | Sweden | $810M | -7% | -2% | 2% | 0.63× | 7.6% | 2.4% |
| PEXA PXA.AX | Australia | $896M | -38% | +3% | 2% | 1.16× | 10.1% | 1.7% |
| Rongan Property 000517.SZ | China | $898M | -7% | -76% | -26% | 1.35× | 9.1% | -25.6% |