China Resources Mixc Lifestyle Services Limited CRMLY

Real EstateReal Estate OperationsChina

Last close 9.77 USD on Nov 2, 2026, +7.2% year to date

Quant rating

Quant rating C Rank 31 of 61 in Real Estate

Growth C 28 of 61
Valuation B 23 of 61
Quality C 25 of 61
Revisions B 23 of 61
Momentum D 50 of 61

Wall Street consensus Buy (1.68)Average target 6.42 USD −34.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 11.6B
Enterprise value: 9.6B
52-week range: 8.45 – 13.87
3-year range: 8.45 – 13.87
Dividend yield: 3.29%
Beta (5 years): –
Shares outstanding: 2,282M
Next earnings: Dec 23, 2026

About the company

China Resources Mixc Lifestyle Services Ltd is a company primarily engaged in property management and commercial operational service. The Company operates through three segments. The Commercial Management Business segment provides property management and other services, commercial operational services and commercial subleasing services for shopping malls, and commercial operational services, property management and other services for office buildings. The Property Management Business segment provides property management services to community space properties and urban space properties, mainly include basic property management services, value added services to non-property owners, and value-added services to property owners. The Ecosystem Business segment provides ample eco-services, including self-owned cosmetics, cultural operation and other services.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,577	2,350	2,080	1,742	1,397	–
Revenue growth	9.7%	13.0%	19.4%	24.7%	34.5%	19.9%
EPS (basic, normalized)	0.25	0.22	0.18	0.14	0.12	–
EPS growth	15.0%	23.1%	26.4%	18.0%	–	–
Gross margin	35.5%	33.0%	31.8%	30.1%	31.1%	32.3%
Net margin	22.0%	21.0%	19.8%	18.4%	19.4%	20.1%
ROE	24.8%	22.2%	19.4%	15.7%	13.1%	19.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,577	+9.7%	3.7x	767	+18.2%	12.6x	0.25	+15.0%	38.8x
2026	2,930	+13.7%	3.3x	908	+18.4%	10.6x	0.29	+13.9%	34.1x
2027	3,171	+8.2%	3.0x	1,000	+10.1%	9.6x	0.32	+10.1%	31.0x
2028	3,441	+8.5%	2.8x	1,100	+10.0%	8.8x	0.35	+10.1%	28.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,930	0.0%	0.0%	−0.6%	0.29	0.0%	−0.4%	−1.4%
2027	3,171	0.0%	−0.2%	−1.0%	0.32	0.0%	−0.5%	−1.7%
2028	3,441	0.0%	−0.4%	−0.5%	0.35	0.0%	−0.9%	−0.1%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Real Estate Operations

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CRMLY China Resources Mixc Lifestyle Services Limited	11.6B	–	22.0%	4.88x	34.1x	31.0x	10.6x	9.6x
VONOY Vonovia SE	15.6B	–	72.1%	1.02x	9.8x	9.5x	21.6x	21.0x
SNLAY Sino Land Co Ltd	12.3B	–	–	–	–	–	–	–
WHREY Wharf Real Estate Investment Company Limited	12.1B	–	−33.2%	0.53x	50.1x	49.2x	13.4x	13.6x
CPPBY Central Pattana PCL	8.6B	3.34x	37.7%	2.67x	182.8x	167.4x	12.4x	11.4x
PSPSY PSP Swiss Property AG	8.6B	10.61x	69.1%	1.24x	6.3x	6.2x	33.2x	33.7x
Mean		6.98x	33.5%	2.07x	56.6x	52.7x	18.2x	17.9x
Median		6.98x	37.7%	1.24x	34.1x	31.0x	13.4x	13.6x

Technical analysis

1M−24.0%
3M−29.5%
1Y−17.3%
3Y−3.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, China Resources Mixc Lifestyle Services Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,577	2,350	2,080	1,742	1,397	1,039
Cost of revenue	1,661	1,576	1,419	1,219	963	759
Gross profit	916	775	661	524	434	280
Selling, general & administrative expenses	194	183	174	175	138	122
Research & development	–	–	–	–	–	–
Interest expense (income), operating	−83.7	−70.9	−61.2	−67.8	−71.0	−10.1
Unusual expense (income)	1.8	0	−0.5	−0.1	−1.9	−4.3
Other operating expenses	22.8	−19.0	−18.1	−17.0	−10.9	−12.5
Operating income	781	682	567	434	380	185
Net interest income (expense)	−15.4	−15.4	−16.1	−11.8	−10.8	−10.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	−0.7	−1.5	−0.8
Net income before taxes	766	666	551	421	368	174
Provision for taxes	182	160	137	100	96.1	48.6
Minority interest	−16.4	−13.8	−2.0	−1.0	−0.2	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	568	493	413	320	272	125
Extraordinary items	–	–	–	–	–	–
Net income	568	493	413	320	272	125
EBIT, normalized	699	611	506	366	307	175
EBITDA, normalized	747	661	544	400	326	188
Basic EPS, normalized	0.25	0.22	0.18	0.14	0.12	–

Balance sheet in millions of USD, fiscal years

Balance sheet, China Resources Mixc Lifestyle Services Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,384	1,686	2,203	1,826	2,156	2,170
Receivables	522	396	362	392	278	226
Total inventory	35.5	33.1	28.6	21.5	21.7	30.1
Prepaid expenses	115	118	137	31.3	26.9	17.8
Other current assets	33.5	24.6	19.7	25.8	40.2	58.9
Total current assets	2,090	2,258	2,750	2,296	2,524	2,503
Property, plant & equipment	95.5	96.3	95.7	97.6	98.6	57.3
Goodwill	235	248	268	262	–	–
Intangibles	164	187	222	213	18.3	0.3
Long-term investments	1,528	1,184	563	859	746	343
Note receivable	–	–	–	–	–	–
Other long-term assets	41.6	19.7	16.5	18.1	12.6	20.1
Total assets	4,154	3,992	3,914	3,746	3,399	2,924
Liabilities
Accounts payable	308	237	218	194	132	107
Payable/accrued	–	–	–	–	–	–
Accrued expenses	229	238	214	217	157	114
Short-term debt	0	0	0	0	126	80.0
Current portion of long-term debt	18.7	18.3	21.4	14.5	12.7	9.7
Other current liabilities	902	748	721	740	530	464
Total current liabilities	1,458	1,241	1,175	1,166	957	775
Long-term debt	298	298	351	390	201	202
Minority interest	33.2	26.8	12.4	6.7	0.2	–
Other liabilities	154	166	130	113	54.5	36.5
Total liabilities	1,943	1,732	1,667	1,676	1,213	1,013
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	1,665	1,595	1,640	1,688	1,833	1,784
Retained earnings (accumulated deficit)	546	666	607	383	354	126
Treasury stock	–	–	–	–	–	–
Other equity	0	0	0	0	0	0
Total equity	2,211	2,260	2,247	2,070	2,186	1,910
Total liabilities & shareholders' equity	4,154	3,992	3,914	3,746	3,399	2,924

Cash flow statement in millions of USD, fiscal years

Cash flow statement, China Resources Mixc Lifestyle Services Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	766	666	551	421	368	174
Depreciation, depletion & amortization	48.4	49.4	38.7	34.0	19.1	12.7
Deferred taxes	–	–	–	–	–	–
Non-cash items	−29.3	−66.1	−40.9	−52.5	−59.3	−4.8
Changes in working capital	−201	−68.1	−120	−129	32.8	−12.9
Cash from operations	584	582	429	274	360	169
Investing activities
Capital expenditures	−2.7	−5.0	−21.1	−17.5	−58.4	−32.0
Other investing cash flows	−398	−396	−236	−137	282	−264
Cash from investing	−401	−401	−257	−154	223	−296
Financing activities
Financing cash flow items	−28.5	1.0	4.5	2.1	−34.3	−167
Cash dividends paid	−698	−418	−294	−140	−47.2	−102
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−35.6	−36.1	−23.9	−143	30.9	1,886
Cash from financing	−762	−453	−314	−281	−50.7	1,616
Foreign exchange effects	−1.4	0.2	0.1	0.5	−0.2	−1.0
Net change in cash	−581	−273	−143	−160	533	1,488
Free cash flow	581	577	407	257	302	137

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.