---
title: "招商局商业房地产投资信托基金 (01503.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/01503.HK.md"
symbol: "01503.HK"
name: "招商局商业房地产投资信托基金"
industry: "房地产投资信托（REITs）"
---

# 招商局商业房地产投资信托基金 (01503.HK)

| Item | Detail |
|------|--------|
| Industry | 房地产投资信托（REITs） |
| Location | 港股市场 |
| Website | [www.cmcreit.com](https://www.cmcreit.com) |

## Company Profile

招商局商业房地产投资信托基金是一个主要从事商业物业投资的房地产投资信托基金。该基金投资写字楼、购物中心等类型的商用物业。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: D (0.69)**

**Industry**: Equity Real Estate Investment Trusts (REITs)

| Metric | Value |
|--------|-------|
| Industry Ranking | 10 / 11 |
| Industry Median | D |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -5.55% |  |
| Net Profit YoY | 60.90% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.00 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 1.42B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 529.20M |  |


**Multi Score**: D

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -3.15% | D |
| Profit Margin | -20.03% | D |
| Gross Margin | 72.41% | A |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -5.55% | D |
| Net Profit YoY | 60.90% | B |
| Total Assets YoY | -1.71% | D |
| Net Assets YoY | -3.72% | D |

#### Cash Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -499.27% | E |
| OCF YoY | -5.55% | D |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.05 | E |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 55.42% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 招商局商业房地产投资信托基金",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-3.15%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-20.03%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "72.41%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-5.55%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "60.90%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "-1.71%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-3.72%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "D",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-499.27%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "-5.55%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.05",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "55.42%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 领展房产基金 (HK.823) | D | C | E | B | C | C |
| 02 | 冠君产业信托 (HK.2778) | D | D | E | B | D | D |
| 03 | 置富产业信托 (HK.778) | D | D | E | B | D | D |
| 04 | 阳光房地产基金 (HK.435) | D | D | E | B | D | D |
| 05 | 越秀房产信托基金 (HK.405) | D | D | E | D | D | D |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| Dividend Yield | 0.00% | 4/11 | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2023-08-06T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 0 | 0% |
| Overweight | 0 | 0% |
| Hold | 1 | 100% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 1.26 |

## References

- [Company Overview](https://longbridge.com/en/quote/01503.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/01503.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/01503.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.