Shimao Group Holdings Limited

0813
Failed

Company 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.

Country
HK
Market Cap
$0.32B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
46.61% failed
5% Threshold
46.6%
Liabilities Compliance
11674.92% failed
33% Threshold
11674.9%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
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

Business compliance 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 $26,871.5 46.61% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($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