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Golden Faith Group Holdings Limited ( (HK:2863) ) has issued an update.
Golden Faith Group Holdings Limited reported a sharp decline in revenue to HK$467.1 million for the year ended 30 September 2025 from HK$736.7 million a year earlier, though gross profit improved slightly to HK$14.6 million. The Group’s loss attributable to owners widened significantly to HK$17.9 million, translating to a basic and diluted loss per share of 2.69 HK cents, as administrative expenses remained high despite lower sales and other income and gains diminished compared with the prior year. The company’s balance sheet remains relatively strong, with cash and cash equivalents of HK$71.0 million and net current assets of HK$228.0 million, although cash levels fell from the previous year and trade receivables decreased markedly while contract assets more than doubled, highlighting ongoing working capital swings tied to project execution. Overall, the results underscore continued pressure on profitability and revenue visibility for stakeholders, even as the Group maintains a solid liquidity position and modest leverage, leaving its near-term focus likely on cost control, project conversion and disciplined capital management.
The most recent analyst rating on (HK:2863) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Faith Group Holdings Limited stock, see the HK:2863 Stock Forecast page.
More about Golden Faith Group Holdings Limited
Golden Faith Group Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure and generating revenue primarily from contract-based activities, as suggested by its significant trade receivables and contract assets. The Group’s operations appear to be project-driven and capital-light, with modest levels of property, plant and equipment and a substantial portion of assets held in cash, short-term deposits and financial assets at fair value through profit or loss, indicating a focus on liquidity and financial flexibility in a competitive local market environment.
Average Trading Volume: 732,535
Technical Sentiment Signal: Buy
Current Market Cap: HK$226.7M
For an in-depth examination of 2863 stock, go to TipRanks’ Overview page.