Nam Tai Property Inc
namtai.comWhat Do They Do?
Sells real estate and develops and operates industrial and technology parks for tenants in Mainland China.
20-F for FY2025, filed Apr 29, 2026Nam Tai Property Inc. is a British Virgin Islands–incorporated company with roots dating back to its founding in Hong Kong in 1975.…View ↗
The Company’s core portfolio includes (i) Nam Tai Inno Park in Guangming District, Shenzhen, (ii) Nam Tai Inno Valley in Bao’an District…View ↗
Nam Tai Inno Park is the Company’s first factory-to-industrial-park redevelopment project located in Guangming District, Shenzhen.…View ↗
How Do They Make Money?
Property buyers pay when they receive the property; tenants pay rent over their lease terms, and property-service customers pay as services are provided.
20-F for FY2025, filed Apr 29, 2026The Company recognizes revenue from real estate sales in accordance with Accounting Standards Codification (ASC) Topic 606, Revenue from…View ↗
Lease income includes minimum rents which are recognized on an accrual basis over the terms of the related leases on a straight-line basis.…View ↗
According to ASC 606 “Revenue from Contracts with Customers”, the realization of property service revenue can be recognized as the…View ↗
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20-F for FY2025, filed Apr 29, 2026
FY2025 revenue by product or service ↗
$48M
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20-F for FY2025, filed Apr 29, 2026
$48M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Operating Lease Income
Recurring
20-F for FY2025, filed Apr 29, 2026 |
18%
FY2022: 33%
|
Operating Lease Income, FY2025
$8.8M Sources
|
Recurring |
|
Sales of Property
Sold outright
20-F for FY2025, filed Apr 29, 2026 |
71%
FY2022: 54%
|
Sales of Property, FY2025
$33.9M Sources
|
Sold outright |
|
Property Service Income
Recurring
20-F for FY2025, filed Apr 29, 2026 |
6.7%
FY2022: 8.4%
|
Property Service Income, FY2025
$3.2M Sources
|
Recurring |
|
Other Revenue
|
4.4%
FY2022: 3.8%
|
Other Revenue, FY2025
$2.1M Sources
|
Who Are Their Customers?
Industrial-park tenants are primarily in information technology and life sciences; the company also sells residential properties and provides property-management services.
20-F for FY2025, filed Apr 29, 2026Nam Tai Inno Park is the Company’s first factory-to-industrial-park redevelopment project located in Guangming District, Shenzhen.…View ↗
The Company’s core portfolio includes (i) Nam Tai Inno Park in Guangming District, Shenzhen, (ii) Nam Tai Inno Valley in Bao’an District…View ↗
The Company mainly generates revenue by operating the technology parks and providing property management services.View ↗
Do Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 29, 2026
How Are They Changing?
Shrinking. Revenue fell 23% in 4 years, from $62.4M in FY2021 to $48M in FY2025, about 6% a year.
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