GR Properties Limited (0108) AI Stock Analysis

• Market Cap: HK$9.24B
• Dividend Yield: N/A
• Average Volume (3M): 3.82M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: -16.28%
• EPS Growth: -444.68%
• Country: HK
• Employees: 428
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 3,219,374,000
• 10 Day Avg. Volume: 3,511,100
• 30 Day Avg. Volume: 3,824,309
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 8.15
• P/FCF Ratio: 31.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: HK$2.50 ▲(30.89% Upside)

The score is primarily constrained by weak financial performance—declining revenues, persistent net losses, and concerning/absent recent operating and free cash flow. Technicals add downside pressure with weak momentum and the price below key short-term averages, while valuation provides limited offset because the negative P/E is driven by losses and no dividend yield data is available.

Positive Factors

Operational Efficiency

The improved EBIT margin indicates enhanced operational efficiency, which can lead to better profitability if revenue trends stabilize.

Cost Management

Effective cost management, as shown by a high gross profit margin, suggests the company can maintain profitability under challenging revenue conditions.

Balanced Leverage

A moderate debt-to-equity ratio indicates balanced leverage, providing financial flexibility and reducing risk of over-leverage.

Negative Factors

Declining Revenue

A persistent decline in revenue can undermine long-term growth prospects and market competitiveness, impacting overall financial health.

Negative Cash Flow

Lack of cash flow generation poses liquidity risks and limits the company's ability to invest in growth opportunities or weather downturns.

Equity Base Decline

A declining equity base can weaken financial stability and investor confidence, affecting the company's ability to raise capital.

GR Properties Limited Business Overview & Revenue Model

Company Description

GR Properties Limited (0108) is a prominent player in the real estate sector, specializing in property development, management, and investment. The company operates across various segments, including residential, commercial, and industrial properties, offering a diverse portfolio of real estate solutions tailored to meet the needs of its clients. With a focus on sustainable development and innovative design, GR Properties Limited aims to enhance community living while maximizing property value.

How the Company Makes Money

GR Properties Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company earns income from property development projects, where it builds and sells residential units or leases commercial space to businesses, thus securing a steady cash flow. Additionally, GR Properties Limited may engage in property management services, charging fees for managing facilities on behalf of property owners. Strategic partnerships with local contractors and real estate agencies further bolster its revenue streams, enabling the company to optimize project delivery and market reach.

GR Properties Limited Financial Statement Overview

Summary

GR Properties Limited faces significant financial challenges with declining revenues and persistent net losses impacting profitability. Despite some operational efficiency improvements, the cash flow situation and declining equity base pose risks.

Income Statement

GR Properties Limited has experienced a declining revenue trend over the years, with significant revenue drops in the latest year. The Gross Profit Margin for 2024 was 100%, indicating effective cost management, but the company reported a negative Net Profit Margin due to substantial net losses. The EBIT Margin improved to approximately 71.7% in 2024, showing better operational efficiency compared to the previous years. However, the absence of EBITDA in 2024 limits a complete profit analysis.

Balance Sheet

The company maintains a moderate Debt-to-Equity Ratio of around 0.9 in 2024, suggesting balanced leverage. However, the Stockholders' Equity has decreased significantly over the years. The Equity Ratio stood at approximately 39.3% in 2024, indicating a strong equity base relative to assets but showing a declining trend. The Return on Equity has been negative due to continued net losses, reflecting challenges in generating returns for shareholders.

Cash Flow

GR Properties Limited's cash flow situation is concerning with zero reported operating and free cash flows in 2024. Historically, cash flows have been volatile, with sporadic positive free cash flows. The lack of recent cash flow data hinders a comprehensive assessment, and the absence of operating cash flow compared to net income signals potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	302.53M	310.02M	352.64M	352.28M	331.33M	296.43M
Gross Profit	263.96M	220.08M	275.88M	279.56M	250.04M	233.38M
EBITDA	-845.16M	-840.68M	61.70M	-194.62M	245.17M	198.71M
Net Income	-917.53M	-918.50M	-129.31M	-320.13M	207.63M	552.00K
Balance Sheet
Total Assets	5.68B	5.42B	6.41B	6.24B	6.89B	6.70B
Cash, Cash Equivalents and Short-Term Investments	291.65M	311.31M	316.82M	365.00M	304.05M	220.71M
Total Debt	2.06B	1.91B	2.70B	2.39B	2.17B	2.17B
Total Liabilities	3.49B	3.29B	3.31B	2.99B	3.03B	3.11B
Stockholders Equity	2.19B	2.13B	3.10B	3.25B	3.86B	3.57B
Cash Flow
Free Cash Flow	46.24M	79.13M	103.25M	-179.96M	-32.50M	-86.68M
Operating Cash Flow	46.41M	80.28M	104.22M	-179.04M	-31.63M	-86.40M
Investing Cash Flow	-48.00M	7.95M	-327.49M	-136.66M	64.19M	14.63M
Financing Cash Flow	-199.91M	-199.13M	173.70M	351.88M	-43.75M	-30.54M

GR Properties Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0108, the sentiment is Positive. The current price of 1.91 is below the 20-day moving average (MA) of 2.78, below the 50-day MA of 2.82, and above the 200-day MA of 1.51, indicating a bullish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 56.84 is Neutral, neither overbought nor oversold. The STOCH value of 87.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0108.

GR Properties Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1502	68 Neutral	HK$795.56M	6.69	8.63%	8.44%	16.65%	-8.74%
6989	66 Neutral	HK$1.03B	3.24	7.55%	16.21%	-0.79%	-3.46%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0266	50 Neutral	HK$949.46M	-8.10	-3.04%	6.22%	-3.09%	62.33%
0105	49 Neutral	HK$1.87B	-8.58	-3.07%	10.10%	-2.39%	61.81%
0108	43 Neutral	HK$9.24B	-10.79	-44.97%	―	-16.28%	-444.68%

GR Properties Limited Corporate Events

GR Life Style Clarifies Details of Major Share Placing and Shareholding Concentration

GR Life Style Company Limited issued a clarification regarding its earlier announcement on high concentration of shareholding, correcting details about a share placing by major shareholder Gang Rui International Investment (HK) Limited. The company confirmed that 430 million shares, representing 13.36% of its issued share capital, were placed on 14 November 2025 to 21 investors, of whom 14 were independent third parties, while the remaining seven were directors or a supervisor of its subsidiaries who are not connected with its key executives; all other information in the original announcement remains unchanged, aiming to provide greater transparency around its shareholding structure and address regulatory scrutiny.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Life Style Warns of Volatility Amid SFC-Flagged Shareholding Concentration

GR Life Style Company Limited has disclosed that, as of 9 December 2025, its shareholding is highly concentrated, with two substantial shareholders, both executive directors, holding about 60.66% of issued shares, and a further 17.02% held by 10 shareholders and their related parties, while only 8.96% of shares are in the hands of other investors. The company’s statement, issued at the request of the Hong Kong Stock Exchange following an enquiry and announcement by the Securities and Futures Commission, underscores that this concentration, combined with a share price surge of more than 350% since mid-2025, could lead to substantial price volatility and urges existing and prospective shareholders to exercise extreme caution when trading its stock, while stressing that the identified 10 shareholders are independent third parties and not connected persons of the company or its key executives.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

SFC Flags High Shareholding Concentration at GR Life Style After Sharp Price Surge

Hong Kong-listed GR Life Style Company Limited, traded under stock code 00108, has a tightly held shareholder base dominated by its executive directors and a small group of connected investors, leaving a relatively small free float available to the wider market.

The Securities and Futures Commission has warned of a high concentration of shareholding in GR Life Style, noting that around 91% of the company’s issued shares were controlled by executive directors Wei Chunxian and Sun Zhongmin, related parties and recipients of off-exchange transfers, leaving less than 9% in public hands. This structure, combined with a share price surge of more than fourfold between late June and mid-December 2025, means the stock is vulnerable to sharp price swings on limited trading, prompting regulators to urge investors to exercise extreme caution when dealing in the shares.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Properties Expands into Digital Medical Services with Major Acquisition

GR Properties Limited, through its subsidiary GR Life Style Company Limited, has announced a significant acquisition in the digital medical services sector. The company plans to acquire 100% equity interest in a target company for approximately RMB269.0 million, to be settled by issuing consideration shares. This acquisition, involving several agreements, is expected to enhance GR Properties’ footprint in the digital healthcare industry, aligning with its strategic growth objectives.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.

GR Properties Limited Engages in Financial Assistance Agreements

GR Properties Limited, through its subsidiary Beijing Wangangtong, has entered into a Guarantee Agreement and a Mortgage Agreement with Dalian Bank to provide financial assistance to a connected borrower. This involves Beijing Wangangtong bearing joint liability for the borrower’s repayment obligations and mortgaging properties to secure a loan of RMB130 million. The agreements are considered connected transactions under Hong Kong’s Listing Rules, requiring reporting and announcement due to the applicable percentage ratios. This strategic move aims to facilitate the borrower’s loan acquisition while generating a guarantee fee for Beijing Wangangtong.

The most recent analyst rating on (HK:0108) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.