GR Properties Limited (0108) AI Stock Analysis

• Market Cap: HK$12.36B
• Dividend Yield: N/A
• Average Volume (3M): 3.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• 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: 4,548,789
• 30 Day Avg. Volume: 3,171,663
• 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: 56 Neutral
• Price Target: HK$4.00 ▲(109.42% Upside)

The overall stock score is primarily influenced by the strong technical momentum, which is offset by significant financial challenges and poor valuation metrics. The stock's technical strength is notable, but the financial instability and lack of positive valuation indicators present substantial risks.

Positive Factors

Operational Efficiency

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

Debt Management

Balanced leverage with a moderate debt-to-equity ratio suggests prudent debt management, providing financial stability amid challenges.

Cost Management

A high gross profit margin reflects effective cost management, which can support profitability if revenue generation improves.

Negative Factors

Revenue Decline

Ongoing revenue declines pose a significant challenge, impacting the company's ability to generate sustainable growth and profitability.

Cash Flow Issues

Lack of operating and free cash flows indicates potential liquidity issues, affecting the company's capacity to fund operations and growth.

Equity Base Decline

A declining equity base undermines financial resilience, limiting the company's ability to absorb losses and invest in future opportunities.

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: Negative
• 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 2.55, below the 50-day MA of 2.16, and above the 200-day MA of 1.18, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 87.39 is Negative, neither overbought nor oversold. The STOCH value of 95.72 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$814.23M	6.84	8.63%	7.97%	16.65%	-8.74%
6989	66 Neutral	HK$1.22B	3.86	7.55%	14.99%	-0.79%	-3.46%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0108	56 Neutral	HK$12.36B	―	-44.97%	―	-16.28%	-444.68%
0266	50 Neutral	HK$949.46M	-2.95	-3.04%	6.93%	-3.09%	62.33%
0105	49 Neutral	HK$1.89B	-3.37	-3.07%	7.31%	-2.39%	61.81%

GR Properties Limited Corporate Events

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.

GR Life Style Eyes Expansion with Potential Digital Medical Services Acquisition

GR Life Style Company Limited has announced a non-legally binding letter of intent to acquire a company engaged in digital medical services in China. This potential acquisition aligns with GR Life Style’s strategic development plan to diversify its business, potentially generating synergies with existing operations and broadening its revenue base.

GR Life Style Reports Increased Profits Despite Revenue Decline

GR Life Style Company Limited announced its interim results for the six months ending June 30, 2025, reporting a revenue of approximately HK$170.7 million, a 4.2% decrease from the previous year. Despite the revenue drop, the company saw a significant increase in profit before tax, reaching HK$4.0 million, up from HK$0.7 million in 2024, with profit attributable to shareholders rising to HK$2.1 million from HK$0.3 million, indicating improved financial performance.