Company Overview - New Ming China Holdings Limited is an investment holding company established on January 16, 2014, and has expanded its operations from Taizhou to cities like Shanghai, Chongqing, Tengzhou, and Hangzhou, becoming a prominent developer of residential and commercial properties in China [2] - The company operates multiple subsidiaries, including New Ming Group Holdings Limited and Taizhou New Ming Real Estate Development Co., Ltd., focusing on high-quality residential units and commercial projects [2] Financial Performance - As of December 31, 2024, New Ming China reported total revenue of 86.843 million yuan, a year-on-year decrease of 79.45%, and a net profit attributable to shareholders of -543 million yuan, a decline of 3.12% [1] - The company's gross margin stands at 23.8%, with a high debt-to-asset ratio of 265.49% [1] Stock Performance - On June 26, the Hang Seng Index fell by 0.61% to 24,325.4 points, while New Ming China shares closed at 2.0 HKD, up 33.33%, with a trading volume of 1.1771 million shares and a turnover of 2.4201 million HKD, showing a volatility of 40.0% [1] - Over the past month, New Ming China has seen a cumulative increase of 25%, and a year-to-date increase of 73.08%, outperforming the Hang Seng Index by 22.01% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the real estate industry is 5.08 times, with a median of -0.17 times, while New Ming China's P/E ratio is -0.24 times, ranking 225th in the industry [1] - Comparatively, other companies in the sector have P/E ratios such as 0.5 times for Baishida Holdings (old) and (new), 1.71 times for Hengda Group Holdings, 2.07 times for China New Cities, and 2.82 times for Ruosen Life Services [1]