NTPIF on OTC
Nam Tai Property
In its 2026 annual report (Form 20-F) the company says: “We are a real estate developer and operator, and we mainly conduct business in Chinese mainland.”6 It is headquartered in Shenzhen.1 Its shares trade on OTC under the symbol NTPIF.1
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Last updated Oct 21, 2026.
Overview
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- TickerNTPIF on OTC1
- IndustryReal Estate1
- HeadquartersShenzhen1
- Incorporated inVirgin Islands, British5
- Business address116 Main Street, 2Nd Floor, Road Town, Tortola, D8 000005
- Filer categoryAccelerated filer5
- Legal formCorporation3
- Kind of organizationReal estate vehicle1
- LEI529900O97Q8EBC2RBV343
- StatusActive3
- LEI statusLapsed (not renewed)3
- Registered addressc/o MCNAMARA CORPORATE SERVICES LIMITED, 2nd Floor, Main Street, P.O. Box 3342, VG1110 Road Town, British Virgin Islands3
- Registered withRegistry of Corporate Affairs (British Virgin Islands Financial Services Commission), 38053
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We are a real estate developer and operator, and we mainly conduct business in Chinese mainland.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sales of Property brought in 71% of the revenue Nam Tai Property broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Sales of Property | $26.9M | $58.4M | $4.1M | $33.9M |
| Operating Lease Income | $16.5M | $16.0M | $14.5M | $8.8M |
| Property Service Income | $4.2M | $4.1M | $3.7M | $3.2M |
| Other Revenue | $1.9M | $2.1M | $2.1M | $2.1M |
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $48.0M | $29.2M | $83.2M |
| Cost of revenue | -$35.7M | -$16.7M | -$77.0M |
| Gross profit | $12.3M | $12.5M | $6.2M |
| General and administrative expenses | -$17.9M | -$30.2M | -$45.3M |
| Selling and marketing expenses | -$4.5M | -$1.8M | -$3.0M |
| Total operating expenses | -$22.3M | -$32.1M | -$48.3M |
| Net (loss) income from operations | -$10.0M | -$19.5M | -$42.1M |
| Other (expense) income, net | $10.3M | $63.7M | -$8.0M |
| Interest income | $132.0K | $49.0K | $85.0K |
| (Loss) income before income tax | $476.0K | $44.2M | -$50.0M |
| Income tax benefit (expense) | -$366.0K | -$15.0M | -$473.0K |
| Consolidated net (loss) income | $110.0K | $29.1M | -$50.4M |
| Foreign currency translation adjustment | $4.9M | $13.5M | -$3.0M |
| Other comprehensive (loss) income | $4.9M | $13.5M | -$3.0M |
| Consolidated comprehensive (loss) income | $5.0M | $42.7M | -$53.5M |
| Basic (loss) earnings per share | $0.00 | $0.50 | -$0.97 |
| Diluted (loss) earnings per share | $0.00 | $0.49 | -$0.97 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $43.5M | $26.9M | ||
| Restricted cash | $10.1M | $6.4M | ||
| Short term investments | $125.0M | $0 | ||
| Accounts receivable | $3.3M | $6.1M | ||
| Real estate properties held for sale | $22.1M | $52.6M | ||
| Prepaid expenses and other receivables | $11.6M | $14.5M | ||
| Total current assets | $108.5M | $106.4M | ||
| Real estate properties under development, net | $220.7M | $191.5M | ||
| Property, plant and equipment, net | $7.2M | $16.3M | ||
| Real estate properties held for lease, net | $128.6M | $135.4M | ||
| Deferred income tax assets | $5.7M | $2.1M | ||
| Other assets | $2.5M | $1.9M | ||
| Total assets | $473.2M | $453.6M | ||
| Short term bank and third party loans | $4.4M | $7.6M | ||
| Current portion of long term bank loans | $3.9M | $27.9M | ||
| Accounts payable | $31.6M | $31.6M | ||
| Rental deposits from customers | $799.0K | $2.5M | ||
| Accrued expenses and other payables | $21.3M | $22.2M | ||
| Advance from customers | $1.0M | $16.0M | ||
| Contract liabilities | $5.2M | $7.6M | $1.8M | |
| Current portion of amount due to shareholders | $19.7M | |||
| Total current liabilities | $87.9M | $115.3M | ||
| Long term bank loans | $166.5M | $106.8M | ||
| Long term rental deposits | $1.9M | $1.8M | ||
| Financial lease payable | $4.0K | |||
| Other payable | $19.1M | $23.1M | ||
| Deferred income tax liabilities | $16.1M | $16.3M | ||
| Amount due to shareholders | $17.8M | |||
| Total liabilities | $291.5M | $281.3M | ||
| Common shares ($0.01 par value - authorized 200,000,000 shares, issued 60,203,214 and 61,295,260 shares; outstanding 60,203,214 and 60,547,760 shares as at December 31,2024 and 2025, respectively) | $613.0K | $602.0K | ||
| Treasury stock, at cost (747,500 shares as at December 31, 2025) | -$1.1M | |||
| Additional paid-in capital | $325.8M | $320.4M | ||
| Accumulated deficit | -$138.3M | -$138.4M | ||
| Accumulated other comprehensive loss | -$5.3M | -$10.2M | ||
| Total shareholders' equity | $181.7M | $172.3M | $124.1M | $134.8M |
| Total liabilities and shareholders' equity | $473.2M | $453.6M | ||
| Common shares, par value | $0.01 | $0.01 | ||
| Common shares, authorized | 200.0M shares | 200.0M shares | ||
| Common shares, issued | 61.3M shares | 60.2M shares | ||
| Common shares, outstanding | 60.5M shares | 60.2M shares | ||
| Treasury stock, shares | 747.5K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $43.5M | $26.9M | ||
| Restricted cash | $10.1M | $6.4M | ||
| Short term investments | $125.0M | $0 | ||
| Accounts receivable | $3.3M | $6.1M | ||
| Real estate properties held for sale | $22.1M | $52.6M | ||
| Prepaid expenses and other receivables | $11.6M | $14.5M | ||
| Total current assets | $108.5M | $106.4M | ||
| Real estate properties under development, net | $220.7M | $191.5M | ||
| Property, plant and equipment, net | $7.2M | $16.3M | ||
| Real estate properties held for lease, net | $128.6M | $135.4M | ||
| Deferred income tax assets | $5.7M | $2.1M | ||
| Other assets | $2.5M | $1.9M | ||
| Total assets | $473.2M | $453.6M | ||
| Short term bank and third party loans | $4.4M | $7.6M | ||
| Current portion of long term bank loans | $3.9M | $27.9M | ||
| Accounts payable | $31.6M | $31.6M | ||
| Rental deposits from customers | $799.0K | $2.5M | ||
| Accrued expenses and other payables | $21.3M | $22.2M | ||
| Advance from customers | $1.0M | $16.0M | ||
| Contract liabilities | $5.2M | $7.6M | $1.8M | |
| Current portion of amount due to shareholders | $19.7M | |||
| Total current liabilities | $87.9M | $115.3M | ||
| Long term bank loans | $166.5M | $106.8M | ||
| Long term rental deposits | $1.9M | $1.8M | ||
| Financial lease payable | $4.0K | |||
| Other payable | $19.1M | $23.1M | ||
| Deferred income tax liabilities | $16.1M | $16.3M | ||
| Amount due to shareholders | $17.8M | |||
| Total liabilities | $291.5M | $281.3M | ||
| Common shares ($0.01 par value - authorized 200,000,000 shares, issued 60,203,214 and 61,295,260 shares; outstanding 60,203,214 and 60,547,760 shares as at December 31,2024 and 2025, respectively) | $613.0K | $602.0K | ||
| Treasury stock, at cost (747,500 shares as at December 31, 2025) | -$1.1M | |||
| Additional paid-in capital | $325.8M | $320.4M | ||
| Accumulated deficit | -$138.3M | -$138.4M | ||
| Accumulated other comprehensive loss | -$5.3M | -$10.2M | ||
| Total shareholders' equity | $181.7M | $172.3M | $124.1M | $134.8M |
| Total liabilities and shareholders' equity | $473.2M | $453.6M | ||
| Common shares, par value | $0.01 | $0.01 | ||
| Common shares, authorized | 200.0M shares | 200.0M shares | ||
| Common shares, issued | 61.3M shares | 60.2M shares | ||
| Common shares, outstanding | 60.5M shares | 60.2M shares | ||
| Treasury stock, shares | 747.5K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $110.0K | $29.1M | -$50.4M |
| Depreciation and amortization | $4.6M | $4.7M | $4.8M |
| Amortization of right-of-use asset | $264.0K | $525.0K | |
| Gain on disposal of property, plant and equipment | -$17.4M | ||
| Impairment on real estate properties held for sale | $429.0K | ||
| Impairment on property, plant and equipment | $3.4M | ||
| Gain on lease termination | -$2.4M | ||
| Share-based compensation expenses | $5.1M | $6.2M | $21.5M |
| Unrealized exchange (gain) loss | $104.0K | -$263.0K | $40.0K |
| Deferred income taxes | -$3.8M | -$1.6M | -$1.2M |
| Interest paid | -$6.3M | -$5.2M | -$4.2M |
| Increase in accounts receivable | $2.7M | -$164.0K | -$112.0K |
| (Increase) decrease in prepaid expenses and other receivables | $2.3M | $4.7M | -$4.6M |
| (Increase) decrease in rental deposits paid out as leasee | $87.0K | $19.0K | |
| (Increase) decrease in real estate properties under development | $3.7M | -$59.0K | $67.9M |
| Increase (decrease) in accrued expenses and other payables | $1.9M | -$170.3M | $156.2M |
| Increase (decrease) in accounts payable | -$68.0K | -$1.3M | -$16.4M |
| Decrease in lease liabilities | -$194.0K | -$405.0K | |
| Increase (decrease) in advance from customers | -$15.0M | $10.4M | -$1.4M |
| Increase in rental deposits from customers | -$1.6M | $194.0K | $98.0K |
| Increase (decrease) in contract liabilities | -$2.3M | $5.7M | -$52.2M |
| Increase (decrease) in amount due to shareholders and other related companies | $1.9M | $1.7M | -$152.5M |
| Total adjustments | -$24.0M | -$144.0M | $18.2M |
| Net cash used in operating activities | -$23.9M | -$114.9M | -$32.3M |
| Purchase of property, plant and equipment | -$892.0K | ||
| Proceeds from disposal of property, plant and equipment and other assets | $29.0M | ||
| Redemption of marketable securities | $38.5M | ||
| Payments for purchases of short term invetments | -$56.0M | ||
| Proceeds from disposal of short term investments | $30.8M | $1.6M | |
| Net cash provided by (used in) investing activities | $10.6M | $30.8M | $1.6M |
| Repayment of bank and other loans | -$136.0M | -$32.7M | -$15.6M |
| Proceeds from bank and other loans | $164.9M | $24.7M | $6.3M |
| Payment of principal from finance lease | -$4.0K | -$2.0K | -$2.0K |
| Proceeds from shares issued on private placement | $21.3M | ||
| Payments of repurchase of shares | -$1.1M | ||
| Net cash (used in) provided by financing activities | $27.7M | -$8.0M | $12.0M |
| Net (decrease) increase in cash and cash equivalents and restricted cash | $14.3M | -$92.1M | -$18.7M |
| Effect of exchange rate changes on cash and cash equivalents | $6.0M | $11.6M | -$5.5M |
| Cash paid for amounts included in the measurement of lease liabilities | -$194.0K | -$405.0K | |
| Increase (decrease) in construction in progress funded through accounts payable | $11.0M | -$20.0K | -$1.5M |
| Interest paid | -$8.6M | -$9.7M | -$8.3M |
| Share-based compensation expenses | $5.1M | $6.2M | $21.5M |
No quarter-by-quarter statement was filed.
Corporate structure
Nam Tai Property sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Nam Tai Property
- Peter R. Kellogg Filed SCHEDULE 13D/A on Nam Tai Property, latest Jul 31, 2026 (3 filings since Dec 1, 2021)
- Oasis Management Co Ltd. Filed SCHEDULE 13D/A on Nam Tai Property, latest Dec 16, 2025 (4 filings since Apr 11, 2022)
- ISZO CAPITAL LP Filed SC 13G/A on Nam Tai Property, latest Feb 14, 2024 (6 filings since Nov 30, 2021)
- PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Filed SC 13G/A on Nam Tai Property, latest Jan 31, 2024 (2 filings since Feb 7, 2023)
- DEUTSCHE BANK AG\ Filed SC 13D/A on Nam Tai Property, latest Apr 6, 2022 (5 filings since Dec 13, 2021)
- Nam Tai Property Road Town, British Virgin Islands
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Nam Tai Property reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Construction in progress | $08 Dec 31, 2024 | $08 Dec 31, 2023 | |
| Property and equipment, before depreciation | $17.9M4 Dec 31, 2025 | $31.4M4 Dec 31, 2024 | −43.1% |
| Accumulated depreciation | $7.3M4 Dec 31, 2025 | $11.7M4 Dec 31, 2024 | −37.9% |
| Property and equipment, net | $7.2M4 Dec 31, 2025 | $16.3M4 Dec 31, 2024 | −56.0% |
Investments
Leadership
Who has led Nam Tai Property, and when. Pick a name to see everywhere that person has worked.
- PresidentShuanggen Zhao Mar 18, 2026 to now11
- Chief financial officerYuhua Zhang Mar 18, 2026 to now12
Board members and other officers (3)
- Board memberMichael Joseph Cricenti Mar 18, 2026 to now13
- Board memberPeter R. Kellogg Mar 18, 2026 to now14
- Board memberRuigang Li Mar 26, 2026 to now15
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- NAM TAI ELECTRONICS INCJul 19, 1996 to Apr 10, 20145
Filings
108 filings to the SEC since October 2021: 2 annual reports, 12 insider forms, 20 large holders, 1 private raises, 73 other. The latest 20:
- Aug 14, 20266-K EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13D/A EDGAR
- Jul 13, 20266-K EDGAR
- Jun 17, 20266-K EDGAR
- May 14, 20266-K EDGAR
- May 13, 2026S-8 EDGAR
- May 11, 20266-K EDGAR
- Apr 29, 202620-F EDGAR
- Mar 26, 20263 EDGAR
- Mar 26, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
The 108 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Peter R. KelloggSCHEDULE 13D/A, 3 filings Dec 1, 2021 to Jul 31, 202617
- Oasis Management Co Ltd.SCHEDULE 13D/A, 4 filings Apr 11, 2022 to Dec 16, 202518
- ISZO CAPITAL LPSC 13G/A, 6 filings Nov 30, 2021 to Feb 14, 202419
- PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.SC 13G/A, 2 filings Feb 7, 2023 to Jan 31, 202420
- DEUTSCHE BANK AG\SC 13D/A, 5 filings Dec 13, 2021 to Apr 6, 202221
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $24.3M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2023 | $24.3M | $24.3M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Nam Tai Property is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNAM TAI PROPERTY INC.2
- CIK0000829365
- Filer statusAccelerated filer not an emerging growth company; not a shell company6
- Incorporated inBritish Virgin Islands6
- Fiscal year endsDecember 312
- Industry code (SIC)6500 Real Estate2
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
- Business address116 Main Street, 2Nd Floor, Road Town, Tortola, D8 000002
- Mailing addressNam Tai Industrial Estate East,, 2 Nam Tai Road, Gushu, Xi Xiang,, Baoan District, Shenzhen, F4 5181262
- Phone86755274906662
- Shares outstanding60,547,760 shares as of Dec 31, 20256
- AuditorMRI MOORES ROWLAND LLP, Singapore PCAOB ID 6955; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceApr 2, 19962
- Filings596 in all: 6-K (357), SC 13D/A (52), 20-F (28), SC 13G/A (20), SC 13D (16), SC 13G (16), UPLOAD (13), CORRESP (11)2
All 33 form types
3 (10), 4 (8), S-8 (7), F-3 (6), 20-F/A (5), ARS (5), F-3/A (5), NT 20-F (5), SC TO-I/A (5), 424B3 (4), 8-A12B/A (3), 8-A12B (2), 8-A12G/A (2), EFFECT (2), RW (2), SC TO-I (2), SCHEDULE 13D/A (2), 25-NSE (1), 424A (1), 424B1 (1), 8-A12G (1), CERT (1), CERTNYS (1), D (1), SD (1)
- Latest filingsAnnual report (20-F) Apr 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common shares, $0.01 par value per share | NTPIF |
From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).6
Links
- WikidataQ99976763
- SEC EDGARCIK 829365
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataNam Tai Property on Wikidata
- 2
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- 7
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- 9
- 10
- 11SEC EDGARShuanggen Zhao, President
- 12SEC EDGARYuhua Zhang, Chief financial officer
- 13
- 14SEC EDGARPeter R. Kellogg, Board member
- 15SEC EDGARRuigang Li, Board member
- 16
- 17
- 18
- 19
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- 21