First Shanghai Investments Limited, an investment holding company, engages in financial services, direct investments, and property and hotel development businesses in Hong Kong, the People's Republic of China, and France.
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It operates through Financial Services, Property Development, Property Investment and Hotel, and Other businesses segments.
The company offers securities investment, securities brokerage, margin financing, corporate finance, underwriting and placements, insurance brokerage, asset management, wealth management, IPO subscription, shares custodian, financial intermediary, and nominee services.
It also develops and manages residential, service apartment, commercial office, industrial office, hotel, and recreation resort properties.
In addition, the company engages in container transportation and freight forwarding services; and provides financial leasing services, as well as container storage, containerization, and cargo transport.
Further, it engages in development and commercialization of therapeutic drugs; money lending; provision of agency, management, and secretarial services; financial consultancy; internet financial service system; futures and stock broking; and operation of hotel and golf course.
The company was incorporated in 1964 and is based in Central, Hong Kong.
Quality Score breakdown
Overall quality38/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability5
How much profit the company makes from its sales and capital
Quality Growth20
Are margins and returns getting better?
Cashflow33
Do the profits arrive as real cash?
Financial strength54
Debt, balance sheet and risk of trouble
Investment96
Does it invest with discipline instead of growing at any price?
Low Volatility60
How calm the share price moves, does not count
Price momentum2
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2002: revenue and profit before it include the divested business. Growth is measured afresh from 2002.
Revenue growth 1 year
+5.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
Start year 2020 (pandemic). Over 10 years: −1.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−16.7% (2020) → −17.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Profitability
Return on assets−1.6% · Bottom 25%
Net margin (12 months)−26.0% · Bottom 25%
Operating margin (12 months)−4.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.0% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Capital Markets median · lower = cheaper
First Shanghai Investments Ltd has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of First Shanghai Investments Ltd (0227)?
First Shanghai Investments Ltd reported trailing-twelve-month revenue of about HK$401M (latest available figure, as of Oct 29, 2026).
How solid is the balance sheet of First Shanghai Investments Ltd (0227)?
Balance-sheet figures for First Shanghai Investments Ltd (as of Oct 29, 2026): return on equity −4.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
Which stocks are comparable to First Shanghai Investments Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of First Shanghai Investments Ltd (0227)?
The closing price on Oct 30, 2026 was HK$0.1060. We carry closing prices from our data provider, not a live tick.
Key figures of First Shanghai Investments Ltd
How large is the market capitalisation of First Shanghai Investments Ltd (0227)?
The market capitalisation of First Shanghai Investments Ltd is HK$232M (≈ $29.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of First Shanghai Investments Ltd (0227)?
The price-to-sales ratio of First Shanghai Investments Ltd is 0.60 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of First Shanghai Investments Ltd (0227)?
The net margin of First Shanghai Investments Ltd is −22.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of First Shanghai Investments Ltd (0227)?
The return on equity (ROE) of First Shanghai Investments Ltd is −4.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of First Shanghai Investments Ltd (0227)?
On an EBIT basis the return on assets of First Shanghai Investments Ltd is −0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of First Shanghai Investments Ltd (0227)?
The operating margin of First Shanghai Investments Ltd is −4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at First Shanghai Investments Ltd (0227)?
Revenue at First Shanghai Investments Ltd is growing +3.0% versus a year earlier (3y avg +8.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at First Shanghai Investments Ltd (0227)?
Earnings per share at First Shanghai Investments Ltd are growing −95.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does First Shanghai Investments Ltd (0227) generate?
The free cash flow of First Shanghai Investments Ltd is −HK$295M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does First Shanghai Investments Ltd (0227) carry?
The net debt of First Shanghai Investments Ltd is HK$80.5M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 29, 2026