In short
Wharf Real Estate Investment Company Limited (1997.HK) has operating cash flow up 6.8% to HKD 6.8B and gross profit down 3.0% to HKD 10.0B year on year. Its net margin is -33.2% and gross margin 78.3%. Fisclear flags 3 high-severity risks, led by: Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds. How we calculate this
Valuation
Real EstateLive · Yahoo FinancePrice
HK$30.72
HK$93.3B
13.5x
5.21%
52-Week Range
4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)
⚠ Negative ROE — equity capital being destroyed.
Operating margin 73.0% — high profitability.
PEG 0.20 — below growth rate.
FCF yield 7.2% — strong cash generation.
⚠ Revenue declining 1% YoY.
Based on filing period ending Dec 2025
International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.
🇭🇰 Hong Kong Macro Indicators
Full dashboard →CPI Inflation
1.44%→
Near target
GDP Growth
3.49%↑
Strong
USD/HKD
7.85→
Current Account
12.25% GDP↑
Surplus
CPI inflation is 1.4% year-over-year (inflation near target); GDP growth is 3.5% year-over-year (moderate growth); USD/HKD is at 7.8470.
SWOT Analysis — 1997.HK
Inflationary BoomStrengths
Operating Cash Flow: HKD 6.8B (+6.8% YoY) — Operating cash flow grew 7% — the business generated more cash from day-to-day operations.
Weaknesses
EPS (Diluted): HKD -1.40 (-582.8% YoY) — Negative EPS — the company recorded a loss on a per-share basis.
Net Income: -HKD 4.3B (-577.8% YoY) — The company posted a net loss — total expenses exceeded total revenue.
Total Assets: HKD 229.7B (-3.5% YoY) — Total assets shrank 4% — the balance sheet contracted.
Gross Profit: HKD 10.0B (-3.0% YoY) — Gross profit declined 3% — costs are growing faster than revenue.
Price-to-book ratio of 0.51x — stock trades below book value, which may indicate market concerns about asset quality or profitability.
Opportunities
No clear opportunities identified at this time.
Threats
Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds.
Net loss of HKD 4.3B — the company spent more than it earned. Investors should monitor the path to profitability.
Current ratio of 0.23x — short-term liabilities exceed current assets, which could create near-term liquidity pressure.
Financial Charts
Year-over-Year Changes
EPS (Diluted)
HKD -1.40
was HKD 0.29
Negative EPS — the company recorded a loss on a per-share basis.
Net Income
-HKD 4.3B
was HKD 891.0M
The company posted a net loss — total expenses exceeded total revenue.
Operating Cash Flow
HKD 6.8B
was HKD 6.3B
Operating cash flow grew 7% — the business generated more cash from day-to-day operations.
Total Assets
HKD 229.7B
was HKD 238.1B
Total assets shrank 4% — the balance sheet contracted.
Gross Profit
HKD 10.0B
was HKD 10.3B
Gross profit declined 3% — costs are growing faster than revenue.
Risk Flags
3 high · 0 medium · 1 low- ⚠ High
Revenue has declined for two consecutive years — a sustained downtrend that may signal structural or competitive headwinds.
- ⚠ High
Net loss of HKD 4.3B — the company spent more than it earned. Investors should monitor the path to profitability.
- ⚠ High
Current ratio of 0.23x — short-term liabilities exceed current assets, which could create near-term liquidity pressure.
- ○ Low
Price-to-book ratio of 0.51x — stock trades below book value, which may indicate market concerns about asset quality or profitability.
Price HistoryHKD
Technical Signals
Daily closes · 1-year dataLatest News
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External Links
Research Wharf Real Estate Investment Company Limited
Data sourced from HKEX, FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.