China Enterprise Company Limited

¥2.20As of Sun 8 Nov 2026, 12:00 UTC

SSE:600675Real Estate

Country China

PE (Fwd) •••

TSR 9Y CAGR (5.98%)

Div yield 0.27%

ROE (4.30%)

Real Estate (Development)

Beta (5Y) 0.75

PE TTM —

TSR TTM (23.42%)

Mkt cap ¥13.30B

ROIC 1.21%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥2.49

13.05%

(77.29%)

Hold 11|7|7|0|5

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

1.595

Revenue¥B

1.313

1.428

1.520

1.652

1.756

1.834

1.986

2.169

2.359

2.576

1.723

7.97%

7.87%

22.98

Revenue growth%

2.28

2.47

4.26

3.61

5.38

3.72

5.28

3.35

5.90

7.13

15.38

5.28

3.99

14.90

Gross margin%

23.62

21.79

20.79

23.62

24.64

27.38

30.23

31.54

34.37

33.28

14.14

31.54

26.01

18.29

Operating margin%

12.95

15.29

12.50

14.96

12.49

10.16

11.85

12.26

9.89

7.85

5.05

10.16

12.37

9.36

Net margin%

24.45

23.72

26.37

26.57

26.14

26.59

25.33

23.84

22.98

24.85

2.72

24.85

25.09

29.97

P/E ratio (avg)x

10.77

10.34

10.65

11.61

12.70

12.67

12.56

13.18

14.33

14.52

9.466

13.18

12.62

9.110

EV/EBITx

25.74

28.20

25.95

28.82

31.68

32.72

32.86

36.81

35.78

33.41

37.82

33.41

32.20

24.28

FCF yield (avg)%

26.72

28.35

30.69

30.01

30.77

29.37

28.12

28.08

25.20

25.41

9.31

28.08

28.23

7.83

FCF margin%

5.05

7.91

5.38

6.73

3.94

4.92

6.30

5.70

6.87

9.38

24.69

6.30

6.00

1.195

FCF / Net incomex

0.613

0.621

0.600

0.667

0.628

0.633

0.614

0.623

0.641

0.668

1.454

0.633

0.626

28.76

ROIC%

19.67

17.24

17.65

16.47

14.56

15.07

17.37

16.34

13.48

11.96

19.54

15.07

16.40

5.88

Return on equity%

4.23

6.94

7.87

7.66

6.28

6.49

7.96

9.85

7.20

5.87

20.42

7.20

7.07

23.11

Return on assets%

20.76

21.46

20.34

21.95

24.80

22.19

23.05

24.02

24.07

23.83

20.80

23.83

22.62

0.18

EPS¥

0.29

0.34

0.40

0.42

0.46

0.45

0.46

0.45

0.51

0.19

4.02%

7.23%

—

5.55

EPS growth%

13.66

15.52

13.56

11.69

10.47

8.27

5.33

4.84

2.13

2.72

25.11

4.84

9.37

0.10

Bookvalue per sh¥

0.40

0.42

0.50

0.49

0.54

0.63

0.75

0.84

0.82

0.93

0.12

11.62%

10.46%

—

0.18

FCF per share¥

0.24

0.23

0.21

0.18

0.19

0.17

0.16

0.17

0.14

0.27

(4.98%)

(4.85%)

—

0.08

Dividend per sh¥

0.09

0.10

0.11

0.13

0.15

0.14

0.15

0.16

0.15

0.16

0.14

1.88%

7.11%

—

12.64

Div yield (avg)%

10.17

10.29

12.43

13.72

10.85

12.77

11.82

8.96

9.44

10.94

16.79

10.94

10.90

13.71

Payout ratio%

22.36

19.88

21.16

19.78

22.19

24.40

21.49

19.62

20.41

19.28

11.46

20.41

20.79

5.998

Shares (diluted)B

5.272

5.457

5.816

5.957

6.028

6.355

5.740

5.905

6.142

5.746

5.995

(0.95%)

(0.05%)

26.56

Buyback yield%

23.91

21.02

23.43

25.95

23.35

20.65

20.59

21.14

21.78

23.87

16.92

21.14

22.57

1.524

D/E ratiox

2.507

2.746

3.187

3.314

3.346

3.505

3.926

3.737

3.884

4.217

0.374

3.884

3.426

2.394

Enterprise value¥B

2.354

2.478

2.605

2.337

2.286

2.219

2.136

2.233

2.093

1.867

1.550

(3.97%)

(2.08%)

1.466

LT debt¥B

1.372

1.509

1.469

1.581

1.470

1.611

1.442

1.570

1.687

1.810

1.843

4.25%

3.45%

Peers (US$1.994B)

Cap (US$)

Nanjing Gaoke Company…

2.002B

11.66x

Jinke Property Group…

1.674B

0.278x

Greattown Holdings Ltd.

1.648B

—

Leopalace21 Corporation

1.993B

14.92x

Capital

TTM

10Y

Leveragex

2.155

0.637

0.473

EBIT/Intx

11.94

0.150

0.138

Own earn%

22.63

(18.64)

(44.21)

Sh yield%

39.20

32.42

33.75

Owners

Insiders/Inst%

13.17

53.02

Short interest%

3.91

SBC / revenue%

2.67

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

8–15

$1 testx

−0.1

Incr. ROIC%

China Enterprise Company Limited engages in real estate development and operational activities in China. The company is involved in commercial housing design, construction, leasing, and sales activities. The company also offers group catering and food delivery services, and engages in municipal infrastructure investment, land reclamation, and related activities.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥2.576B

7.87%

1.00×

Cost of revenue

¥1.803B

7.87%

1.00×

Operating expenses

¥307.5M

7.72%

0.99×