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Kaisa Group Holdings Ltd.
(Frankfurt:1638)
Kaisa Group Holdings Ltd. (1638) vs. S&P 500 (SPY)
Kaisa Group Holdings Ltd. Business Overview & Revenue Model
Kaisa Group Holdings Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 18.02B | 26.16B | 25.39B | 35.54B | 55.77B | 48.02B | Gross Profit |
| -5.02B | 1.70B | 1.70B | -1.65B | 13.33B | 13.46B | EBIT |
| -16.19B | -14.33B | -2.71B | -9.57B | 6.32B | 7.38B | EBITDA |
| -13.00B | -16.52B | -10.70B | -11.19B | 6.83B | 7.91B | Net Income Common Stockholders |
| -22.07B | -19.93B | -13.21B | -12.87B | 5.45B | 4.59B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 15.86B | 1.96B | 2.97B | 7.69B | 44.81B | 29.20B | Total Assets |
| 229.03B | 232.82B | 264.34B | 290.13B | 309.90B | 270.90B | Total Debt |
| 108.77B | 134.20B | 134.76B | 132.33B | 122.03B | 118.58B | Net Debt |
| 93.29B | 133.21B | 132.70B | 129.27B | 85.95B | 91.76B | Total Liabilities |
| 192.69B | 225.10B | 229.10B | 231.05B | 231.18B | 215.20B | Stockholders Equity |
| 21.64B | -12.05B | 7.86B | 21.03B | 32.33B | 25.72B |
| Cash Flow | Free Cash Flow | ||||
| -231.08M | -435.72M | -6.33B | -22.49B | 3.32B | -2.44B | Operating Cash Flow |
| -187.66M | -359.18M | -6.26B | -21.85B | 4.53B | -2.06B | Investing Cash Flow |
| -471.69M | -604.37M | 2.02B | -13.19B | -25.89B | -24.65B | Financing Cash Flow |
| -336.51M | -199.14M | 3.17B | 2.05B | 30.42B | 38.03B |
Kaisa Group Holdings Ltd. Technical Analysis
Kaisa Group Holdings Ltd. Peers Comparison
Kaisa Group Holdings Ltd. Corporate Events
Kaisa Group Holdings Ltd. has announced the successful completion of its offshore debt restructuring, with the effective date of the Kaisa Schemes occurring on April 7, 2025. This development marks a significant step in the company’s financial restructuring efforts, potentially stabilizing its operations and enhancing its position within the real estate industry, thereby impacting stakeholders positively.
Kaisa Group Holdings Ltd. announced that the Rui Jing BVI Scheme has been sanctioned by the Eastern Caribbean Supreme Court, marking a significant step in the company’s offshore debt restructuring efforts. The sanctioning of this scheme, along with others, is pivotal for Kaisa’s financial restructuring, potentially impacting its market position and stakeholder interests. The company plans to issue further announcements regarding the effective dates of these schemes.
Kaisa Group Holdings Ltd. has appointed Mr. Li Dapeng as an independent non-executive director, effective March 31, 2025. Mr. Li brings extensive experience in real estate management and media, having held significant roles in Sing Tao News Corporation and various real estate companies. This appointment comes as part of Kaisa’s efforts to comply with the Hong Kong Stock Exchange’s requirement for independent non-executive directors, following a shortfall due to recent board changes. The company faced challenges in recruiting suitable candidates due to the downturn in the PRC property market and an ongoing winding-up petition, impacting its ability to meet compliance deadlines.
Kaisa Group Holdings Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue decreased by 55.8% to approximately RMB11,560.7 million, and its gross profit plummeted by 86.0% to RMB237.9 million, resulting in a gross profit margin of just 2.1%. The company also experienced a 48.4% increase in its annual loss, amounting to RMB29,228.9 million. Contracted sales, including joint ventures and associates, fell by 62.1% to RMB6,757 million, and no final dividend was declared for the year. These results indicate a challenging year for Kaisa Group, with significant impacts on its operations and financial stability, potentially affecting its market positioning and stakeholders.
Kaisa Group Holdings Ltd. announced that the Grand Court of the Cayman Islands has sanctioned the Kaisa Cayman Scheme as part of its offshore debt restructuring efforts. This approval is a significant step in the company’s restructuring process, aimed at stabilizing its financial standing and ensuring long-term viability. Additionally, the High Court has adjourned the winding-up petition hearing to June 2025, with GLAS Agency (Hong Kong) Limited replacing Citicorp International Limited as the petitioner. These developments are crucial for Kaisa’s stakeholders as they navigate the company’s financial restructuring.
Kaisa Group Holdings Ltd. has announced that a board meeting is scheduled for March 31, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a dividend, highlighting the company’s ongoing financial strategies and potential shareholder returns.
Kaisa Group Holdings Ltd. announced the approval of its offshore debt restructuring schemes by creditors. The Kaisa Hong Kong Scheme and the Kaisa Cayman Scheme were both approved by the requisite majority of creditors, allowing the company to proceed with seeking approval and sanction from the High Court. This development is a significant step in Kaisa’s efforts to manage its financial obligations and stabilize its operations, potentially impacting its market position and stakeholders positively.
Kaisa Group Holdings Ltd. has announced the scheduling of scheme meetings to discuss its offshore debt restructuring plans. This move signifies significant progress in the company’s efforts to manage its financial obligations, potentially impacting its stability and stakeholder interests. The meetings will take place in Hong Kong and the Cayman Islands, addressing both the Kaisa and Rui Jing schemes, reflecting the company’s strategic approach to handling its debt situation.
Kaisa Group Holdings Ltd. announced that courts in Hong Kong, the Cayman Islands, and the British Virgin Islands have granted orders to convene meetings for the company’s offshore debt restructuring schemes. This move is essential for Kaisa’s strategy to manage its financial obligations and stabilize its operations, impacting its market positioning and providing clarity to stakeholders.