Zhongliang Holdings Group Company Limited
2772.HK · HKSE
Company research
Zhongliang Holdings Group Company Limited (2772.HK) is a Shanghai-headquartered investment holding company founded in 1993 by Jian Yang, principally engaged in property development, property leasing, and management consulting services across Mainland China. Listed on the Hong Kong Stock Exchange in July 2019, the company operates through three core business lines — property sales, rental income from property leases, and other services — offering three standardized residential product series targeting first-time, second-time, and recurrent home buyers under the "Zhongliang" brand. The Group has established a broad national footprint spanning five core economic zones in China, including the Yangtze River Delta, the Midwest, the Bohai Economic Rim, the West Coast Economic Zone, and the Pearl River Delta, while also expanding into commercial property development and management through its "Zhongliang Plaza" mixed-use developments. As of its most recent reporting period, the company employs approximately 2,150 full-time staff and reported trailing twelve-month revenues of approximately HKD 25.20 billion, though it has navigated significant financial restructuring challenges in recent years, including an offshore debt restructuring completed in 2024.
Research reports
Bitget provides a comprehensive fundamental and strategic overview of Zhongliang, highlighting successful completion of offshore debt restructuring in March 2024, sharp revenue and contracted sales declines, and continued sector headwinds, and characterizes the stock as a high‑beta, deep‑value restructuring play where broader analyst consensus is effectively watchful neutral rather than a clear buy or sell call.
Simply Wall St · April 6, 2026Zhongliang Holdings Group (SEHK:2772) – Stock AnalysisThis structured stock analysis report details Zhongliang’s fundamentals, showing large trailing losses, negative margins, high debt‑to‑equity, and a share price that has fallen over 99% since IPO, and emphasizes multiple risk flags such as weak cash‑flow coverage of debt and significant underperformance versus the Hong Kong real estate sector and market, without presenting a positive valuation thesis or explicit upside recommendation.
ValueInvesting.io · December 10, 20252772.HK Fair ValueUsing Peter Lynch’s fair value formula applied to Zhongliang’s five‑year earnings history, this valuation note calculates a negative estimated fair value per share and states that 2772.HK is not a good investment at the current market price, warning that persistent negative EPS, steep earnings contraction and the resulting extreme implied downside make the stock highly unattractive on a fundamental basis.
Simply Wall St · November 7, 2025Zhongliang Holdings Group (SEHK:2772) – Stock Valuation, Peer Comparison & Analyst DataThis valuation‑focused report analyzes Zhongliang primarily through price‑to‑sales and enterprise‑value multiples, finding the stock screens as very cheap versus Hong Kong real estate peers and industry averages on PS and EV/revenue, while also noting that discounted cash‑flow fair value cannot be reliably calculated and that there is insufficient current analyst price‑target data, effectively framing a valuation‑driven upside case tempered by data limitations and ongoing restructuring risk.