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Greattown Holdings: Annual PSR Reduced To 0.59x

by Nelson Oti 12 days ago in stocks

The stock the company is reported to have accumulated a reduced PSR on annual basis of about 0.59x.

Overview of the company’s profile:

Greattown Holdings Ltd. [900940:CH] is a Chinese based industrial company that engages mainly in the development, operation and distribution of real estates. The business activities of the company involves the provision of residential buildings, retail shops, shopping malls, hotels, commercial buildings, office buildings and parking lots, among others. The company is also engaged in other business like land consolidation business. The company conducts its business mainly within the Fuzhou, Fujian province, China and no involvement in overseas yet. The company was formed and incorporated in January 1986 while its headquarter is located at Shanghai, China. The executive leader of the company is Peidi Yu with up to about 1,205 other employees currently working for the company.

Overview of company’s performance in the stock market:

According to the Chinese stock market, the performance of the Greattown Holdings Ltd. [900940:CH] cannot be under estimated. Currently, the stock of the company is traded at about CNY3.77 stock which implies that it has increased by 2.72% as compared and analyzed from the price of the stock as at same time on yesterday. The price of the stock also signifies an increment by 8.42% YoY as compared to the price of the stock as at same period in the previous year. The company’s presently trades with a 52-weeks high price of about CNY6.26 per stock and 52-weeks low price of about CNY3.36 per stock. The company’s market capitalization hits about CNY8.79 billion while the total revenue generated from business conducted within the Fy20 period amounted to about CNY14.83 billion. This signifies that the company’s stock is trading with an annual price to sales ratio of about 0.59x. This performance on the company’s PSR on basis is greatly attributed to the improved performance of the company’s total revenue generated from business conducted within the Fy20 period. Let us take a look at the previous annual financial performances of the company.

Previous annual financial performances of the company

With reference to the financial performance reports of the company for the past two years have shown significant, steady and consistent growth. These steady growths are vastly attributed to the increase in the number of properties acquired by the company. The financial performance report of the company for the Fy20 period shows significant improvement due to vastly increase in the number of real estate properties that are been acquired by the company. A glance at the financial data that was posted by reuters platform, some of the major financial indicators performed as follows;

Total revenue: The financial report of the company for the Fy20 period showcased that the total revenue generated from business during that period increased significantly to CNY14.83 billion which shows an increment by 12.07% year-on-year when compared and analyzed from the CNY13.04 billion that was reported in the previous year’s financial result.

Gross profit: The financial data that was posted by reuters also revealed that the gross profit during that period reduced significantly to CNY2.20 billion which shows a decrease by 26.64% year-on-year when compared and analyzed from the CNY2.92 billion that was reported in the previous year’s financial result. The poor performance recorded in the gross profit of the company was vastly caused by the increased expenses incurred during business activities. The expenses rate during that period amounted to more than CNY2.5 billion with significant magnitude.

Total debt: The financial report of the company for the period in quote also revealed that the total debt accumulated by the company increased significantly to CNY12.64 billion which shows an increment by 11.86% year-on-year when compared and analyzed from the CNY11.14 billion that was reported in the previous year’s financial result.

Sources:

https://www.reuters.com/companies/600094.SS/financials/income-statement-annual

https://www.marketresearch.com/Timetric-v3917/Greattown-Holdings-Company-Capsule-11232803/

https://www.bloomberg.com/profile/company/900940:CH

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Nelson Oti

Nelson Oti is a Fintech and cryptocurrency enthusiast who has been involved in blockchain projects since 2010. He enjoys discussions that revolve around blockchain, fintech and its implications for the future of humanity.

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