---
title: "绿城中国控股有限公司 (03900.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/03900.HK.md"
symbol: "03900.HK"
name: "绿城中国控股有限公司"
industry: "房地产开发"
---

# 绿城中国控股有限公司 (03900.HK)

| Item | Detail |
|------|--------|
| Industry | 房地产开发 |
| Location | 港股市场 |
| Website | [www.greentownchina.com/tc/global/home.php](https://www.greentownchina.com/tc/global/home.php) |

## Company Profile

绿城中国控股有限公司是一家主要从事房地产开发以及相关业务的投资控股公司。该公司及其附属公司通过五个部门开展业务，包括物业发展部门、酒店业务部门、物业投资部门、项目管理部门以及其他部门。该公司的核心业务模式包括三大代建主业，例如政府代建、商业代建、资方代建以及三大配套服务，例如金融服务、产城服务、产业链服务。该公司也从事城市更新服务、商业拓展、文化教育、体育健康、科技装修以及康养服务。该公司主要在中国国内市场开展业务。

## 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 (0.73)**

**Industry**: Real Estate Development

| Metric | Value |
|--------|-------|
| Industry Ranking | 35 / 126 |
| Industry Median | D |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -0.97% |  |
| Net Profit YoY | -109.13% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.72 |  |
| Dividend Ratio | 2.95% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 28.22B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 154.36B |  |


**Multi Score**: D

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -0.66% | D |
| Profit Margin | -0.17% | D |
| Gross Margin | 13.41% | D |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -0.97% | D |
| Net Profit YoY | -109.13% | E |
| Total Assets YoY | -1.59% | D |
| Net Assets YoY | 11.65% | B |

#### Cash Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -59669.28% | E |
| OCF YoY | -0.97% | D |

#### Operating Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.27 | D |

#### Debt Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 76.97% | E |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 绿城中国控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-0.66%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-0.17%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "13.41%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-0.97%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-109.13%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-1.59%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "11.65%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "E",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-59669.28%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "-0.97%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "D",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.27",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "E",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "76.97%",
          "rating": "E"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 天安 (HK.28) | B | A | D | C | B | B |
| 02 | 汤臣集团 (HK.258) | B | A | E | C | B | B |
| 03 | 零在科技金融 (HK.93) | B | A | E | B | B | B |
| 04 | 华润置地 (HK.1109) | B | B | D | D | B | C |
| 05 | 长实集团 (HK.1113) | C | C | E | A | C | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -107.85 | 126/127 | 15.41 | 14.42 | 13.44 |
| PB | 0.72 | 88/127 | 0.69 | 0.63 | 0.58 |
| PS (TTM) | 0.18 | 46/127 | 0.16 | 0.15 | 0.14 |
| Dividend Yield | 2.95% | 17/127 | 4.48% | 3.69% | 3.32% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-18T16:00:00.000Z

Total Analysts: **13**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 11 | 85% |
| Overweight | 0 | 0% |
| Hold | 1 | 8% |
| Underweight | 0 | 0% |
| Sell | 1 | 8% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 11.11 |
| Highest Target | 15.05 |
| Lowest Target | 7.87 |

## References

- [Company Overview](https://longbridge.com/en/quote/03900.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/03900.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/03900.HK/topics.md) - Community topics and discussions

---

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