Shimao Group Holdings Limited
0813Company Overview
Shimao Real Estate Holdings Limited (“Shimao Real Estate” or the “Company”, together with its subsidiaries, collectively referred to as the “Group”; stock code: 813) was listed on the main board of the Hong Kong Stock Exchange Limited on July 5. The Group's business focuses on developing large-scale and high-quality integrated real estate projects, including residential, hotel, retail and commercial properties, in economically developed or promising cities in mainland China. Based on the concept of “creating a quality of life”, the Shimao brand pioneered the “riverside model” of real estate in mainland China, integrating various elements such as landscape, hydrophilicity, gardens, and architecture into the daily lives of every family, creating boutique real estate products one by one. At the same time, we have always adopted an innovative and forward-looking real estate development mentality, take “achieving the city's dream” as our mission, implement the ideals of a “city operator”, and strive to promote the urbanization process.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | Shimao Group Holdings Limited |
Ticker | 0813 |
Main Business | Real Estate—Development |
Type | Common Stock |
Industry | Real Estate—Development |
Country | HK |
Market Cap | $0.32 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Property Development and Investment-other | $24,250.0 | $24,250.0 | Investment |
Shimao Services Holdings Limited | $4,100.0 | $0.0 | - |
Property Development and Investment-Shanghai Shimao Co., Ltd. | $2,230.0 | $2,230.0 | Investment |
Undistributed | $-193.6 | $0.0 | - |
Interest income | $391.6 | $391.6 | - |
Total | $30,778.0 | $26,871.5 | 46.61% (failed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $27,928,571,428.6 | 8,819.55% |
long term bank loan | $9,042,016,806.7 | 2,855.37% |
Total Interest-Bearing Debt | $36,970,588,235.3 | 11,674.92% |
Market Capitalization | $316,666,666.7 | 100.00% |
Compliance Status | Threshold: 33% | failed |