China New Town Development Company Limited - 1278.HK

1278.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
1278.HK	-12.9	-17.6	1.7	-37.8	-22.8	10.9	-36.5	-66.1	-84.4	-94.4
S&P 500	0.9	1.4	2.0	3.3	9.9	24.7	37.5	82.2	197.7	34153.9

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	1278.HK
name	China New Town Development Company Limited
price	0.061
changes percentage	-12.8571
change	-0.009
day low	0.061
day high	0.061
year high	0.103
year low	0.054
market cap	593301250
price avg 50	0.06364
price avg 200	0.070995
exchange	HKSE
volume	31886
avg volume	293683
open	0.061
previous close	0.07
eps	0.02
pe	3.05
earnings announcement	2025-03-26T10:59:00.000+0000
shares outstanding	9726250000
timestamp	2025-01-21 07:59:17

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 73.7%

Overall Quarterly Financial Health: 66.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	162676000	161909000	0.47
gross profit	124235000	118642000	4.71
gross profit ratio	0.76	0.73	4.22
research and development expenses	0	0	NaN
operating expenses	-89199000	116673000	-176.45
interest income	202456000	146994000	37.73
interest expense	91192000	44615000	104.40
ebitda	306586000	115432000	165.60
ebitdaratio	1.88	1.47	28.34
operating income	278855000	223433000	24.80
operating income ratio	1.71	1.38	24.22
net income	140858000	7454000	1789.70
net income ratio	0.87	0.05	1780.79
eps	0.01	0.0	1712.50

Overall Score of Annual Income Statement

0.86 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 163 million in 2023 from 162 million in 2022 representing a change of 0.47%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 124 million in 2023 from 119 million in 2022 representing a change of 4.71%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to -89 million in 2023 from 117 million in 2022 representing a change of -176.45%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 307 million in 2023 from 115 million in 2022 representing a change of 165.6%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 279 million in 2023 from 223 million in 2022 representing a change of 24.8%. The increase in operating income indicates better operational performance and increased profitability.

  Earnings per Share (EPS): EPS increased to 0.01 in 2023 from 0.01 in 2022 representing a change of 1712.5%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Net Income: Net income decreased to 141 million in 2023 from 7 million in 2022 representing a change of 1789.7%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
revenue	109967500	109967500	0.0
gross profit	100603500	100603500	0.0
gross profit ratio	0.91	0.91	0.0
research and development expenses	0	0	NaN
operating expenses	19240499	19240499	0.0
interest income	16431999	16431999	0.0
interest expense	0	0	NaN
ebitda	112341500	112341500	0.0
ebitdaratio	1.02	1.02	0.0
operating income	111526500	111526500	0.0
operating income ratio	1.01	1.01	0.0
net income	44275000	44275000	0.0
net income ratio	0.4	0.4	0.0
eps	0.0	0.0	0.0

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	7879365000	6583552000	19.68
total liabilities	3209241000	2046629000	56.81
total equity	4670124000	4536923000	2.94
cash and cash equivalents	1454360000	504252000	188.42
short term investments	1868307000	1842696000	1.39
long term investments	-310268000	-556863000	44.28
total current assets	4796459000	3788470000	26.61
total non current assets	3082906000	2795082000	10.30
total current liabilities	1038576000	1305056000	-20.42
total non current liabilities	2170665000	741573000	192.71
common stock	4070201000	4070201000	0.00
retained earnings	-498349000	-618634000	19.44
total debt	2318649000	1120147000	107.00

Overall Score of Annual Balance Sheet

0.78 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 7,879 million in 2023 from 6,584 million in 2022 representing a change of 19.68%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 4,670 million in 2023 from 4,537 million in 2022 representing a change of 2.94%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,454 million in 2023 from 504 million in 2022 representing a change of 188.42%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 1,868 million in 2023 from 1,843 million in 2022 representing a change of 1.39%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 4,796 million in 2023 from 3,788 million in 2022 representing a change of 26.61%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 1,039 million in 2023 from 1,305 million in 2022 representing a change of -20.42%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to -498 million in 2023 from -619 million in 2022 representing a change of 19.44%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3,209 million in 2023 from 2,047 million in 2022 representing a change of 56.81%. This indicates an increase in overall liabilities.

  Total Debt: Total Debt increased to 2,319 million in 2023 from 1,120 million in 2022 representing a change of 107.0%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
total assets	7879365000	7879365000	0.00
total liabilities	3209241000	3209241000	0.00
total equity	4670124000	4670124000	0.00
cash and cash equivalents	1454360000	1454360000	0.00
short term investments	1868307000	1849131000	1.04
long term investments	-310268000	1558039000	-119.91
total current assets	4796459000	4796459000	0.00
total non current assets	3082906000	3082906000	0.00
total current liabilities	1038576000	1038576000	0.00
total non current liabilities	2170665000	2170665000	0.00
common stock	4070201000	4070201000	0.00
retained earnings	-498349000	-498349000	0.00
total debt	2318649000	2318649000	0.00

Overall Score of Quarterly Balance Sheet

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Short Term Investments: Short Term Investments increased to 1,868 million in 2023Q4 from 1,849 million in 2023Q3 representing a change of 1.04%. This indicates an increase in short-term investment holdings.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	950108000	118249000	703.48
operating cash flow	-20040000	-33915000	40.91
free cash flow	-25753000	-116379000	77.87
capital expenditure	-5713000	-82464000	93.07
depreciation and amortization	14311000	14329000	-0.13
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	1841000	-100.00
inventory	-823000	-1747000	52.89
acquisitions net	-4318000	0	NaN
investments in property plant and equipment	-458000	-82464000	99.44
net cash used for investing activites	-71582000	226921000	-131.54
debt repayment	1117188000	-24379000	4682.58
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-19483000	0	NaN
net cash used provided by financing activities	1041633000	-75616000	1477.53
cash at end of period	1454360000	504252000	188.42
accounts receivables	2672000	-1841000	245.14
cash at beginning of period	504252000	386003000	30.63

Overall Score of Annual Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 950 million in 2023 from 118 million in 2022 representing a change of 703.48%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -20 million in 2023 from -34 million in 2022 representing a change of 40.91%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -26 million in 2023 from -116 million in 2022 representing a change of 77.87%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 2 million in 2022 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -6 million in 2023 from -82 million in 2022 representing a change of 93.07%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 3 in 2023 from -2 million in 2022 representing a change of 245.14%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -19 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
operating cash flow	1081500	1081500	0.0
free cash flow	1036500	1036500	0.0
capital expenditure	-45000	-45000	0.0
depreciation and amortization	3666000	3666000	0.0
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	367500	367500	0.0
accounts payables	0	0	NaN
inventory	-93500	-93500	0.0
acquisitions net	0	0	NaN
investments in property plant and equipment	-45000	-45000	0.0
net cash used for investing activites	42389500	42389500	0.0
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-9741500	-9741500	0.0
net cash used provided by financing activities	-192118000	-192118000	0.0
net change in cash	-148644000	-148644000	0.0
cash at end of period	-148644000	-148644000	0.0
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.02	0.02	0.47
net income per share	0.01	0.0	1789.66
operating cash flow per share	-0.0	-0.0	40.91
free cash flow per share	-0.0	-0.01	77.87
cash per share	0.34	0.24	41.57
book value per share	0.48	0.47	2.93
tangible book value per share	0.48	0.41	17.34
shareholders equity per share	0.43	0.42	3.02
interest debt per share	0.25	0.12	106.89
market cap	581665145.01	549649637.52	5.82
enterprise value	1445954145.01	1165544637.52	24.06
pe ratio	4.13	73.74	-94.40
price to sales ratio	3.58	3.39	5.33
pocfratio	-29.03	-16.21	-79.09
pfcf ratio	-22.59	-4.72	-378.23
pb ratio	0.14	0.14	2.72
ptb ratio	0.14	0.14	2.72
ev to sales	8.89	7.2	23.47
enterprise value over ebitda	4.72	10.1	-53.29
ev to operating cash flow	-72.15	-34.37	-109.95
ev to free cash flow	-56.15	-10.02	-460.62
earnings yield	0.24	0.01	1685.69
free cash flow yield	-0.04	-0.21	79.09
debt to equity	0.55	0.28	100.93
debt to assets	0.29	0.17	72.95
net debt to ebitda	2.82	5.34	-47.16
current ratio	4.62	2.9	59.09
interest coverage	3.06	5.01	-38.94
income quality	-0.14	-0.6	76.30
dividend yield	0.03	0	NaN
payout ratio	0.14	0	NaN
sales general and administrative to revenue	0.7	0.72	-3.27
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0.08	-100.00
capex to operating cash flow	-0.29	-2.43	88.28
capex to revenue	0.04	0.51	-93.10
capex to depreciation	0.4	5.76	-93.06
stock based compensation to revenue	0	0	NaN
graham number	0.37	0.08	341.21
roic	0.03	0.01	464.00
return on tangible assets	0.02	0.0	1345.37
graham net net	0.05	0.12	-57.29
working capital	3757883000	2483414000	51.32
tangible asset value	4670124000	3980060000	17.34
net current asset value	1587218000	1741841000	-8.88
invested capital	3795709000	3061133000	24.00
average receivables	326057500	664002500	-50.90
average payables	109487500	112848000	-2.98
average inventory	780125500	833557500	-6.41
days sales outstanding	0	1470.1	-100.00
days payables outstanding	1048.73	915.52	14.55
days of inventory on hand	7411.25	6577.66	12.67
receivables turnover	0	0.25	-100.00
payables turnover	0.35	0.4	-12.70
inventory turnover	0.05	0.06	-11.25
roe	0.03	0.0	1734.31
capex per share	0.0	0.01	-93.07

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2023-12-31 from 0.00 on 2022-12-31, representing a change of 1734.31%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 4.13 on 2023-12-31 from 73.74 on 2022-12-31, representing a change of -94.40%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 4.62 on 2023-12-31 from 2.90 on 2022-12-31, representing a change of 59.09%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.55 on 2023-12-31 from 0.28 on 2022-12-31, representing a change of 100.93%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2023-12-31 Q4	2023-09-30 Q3	Q/Q change %
1278.HK
calendar year	2023	2023	NaN
revenue per share	0.01	0.01	0.00
net income per share	0.0	0.0	0.00
operating cash flow per share	0.0	0.0	0.00
free cash flow per share	0.0	0.0	0.00
cash per share	0.34	0.34	0.58
book value per share	0.48	0.48	0.00
tangible book value per share	0.48	0.48	0.00
shareholders equity per share	0.43	0.43	0.00
interest debt per share	0.24	0.24	0.00
market cap	581669620.99	752321928.21	-22.68
enterprise value	1445958620.99	1616610928.21	-10.56
pe ratio	3.28	4.25	-22.68
price to sales ratio	5.29	6.84	-22.68
pocfratio	537.84	695.63	-22.68
pfcf ratio	561.19	725.83	-22.68
pb ratio	0.14	0.18	-22.68
ptb ratio	0.14	0.18	-22.68
ev to sales	13.15	14.7	-10.56
enterprise value over ebitda	12.87	14.39	-10.56
ev to operating cash flow	1336.99	1494.79	-10.56
ev to free cash flow	1395.04	1559.68	-10.56
earnings yield	0.08	0.06	29.34
free cash flow yield	0.0	0.0	29.34
debt to equity	0.55	0.55	0.00
debt to assets	0.29	0.29	0.00
net debt to ebitda	7.69	7.69	0.00
current ratio	4.62	4.62	0.00
interest coverage	0	0	NaN
income quality	0.02	0.02	0.00
dividend yield	0.02	0.01	29.34
payout ratio	0.22	0.22	0.00
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.04	0.04	0.00
capex to revenue	0.0	0.0	0.00
capex to depreciation	0.01	0.01	0.00
stock based compensation to revenue	0	0	NaN
graham number	0.21	0.21	0.00
roic	0.01	0.01	0.00
return on tangible assets	0.01	0.01	0.00
graham net net	0.05	0.05	-2.52
working capital	3757883000	3757883000	0.00
tangible asset value	4670124000	4670124000	0.00
net current asset value	1587218000	1587218000	0.00
invested capital	3795709000	3795709000	0.00
average receivables	21456500	356011000	-93.97
average payables	110450000	110561500	-0.10
average inventory	780537000	780443500	0.01
days sales outstanding	0	35.12	-100.00
days payables outstanding	1061.57	1061.57	0.00
days of inventory on hand	7501.96	7501.96	0.00
receivables turnover	0	2.56	-100.00
payables turnover	0.08	0.08	0.00
inventory turnover	0.01	0.01	0.00
roe	0.01	0.01	0.00
capex per share	0.0	0.0	0.00

• Negative

  ROE: Return on Equity (ROE) decreased to 0.01 on 2023-12-31 Q4 from 0.01 on 2023-09-30 Q3, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 3.28 on 2023-12-31 Q4 from 4.25 on 2023-09-30 Q3, representing a change of -22.68%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 4.62 on 2023-12-31 Q4 from 4.62 on 2023-09-30 Q3, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.55 on 2023-12-31 Q4 from 0.55 on 2023-09-30 Q3, representing a change of 0.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.0 which is lower than current price 0.06, indicates the company may be overvalued.