Golden Resources Development International Limited (0677) AI Stock Analysis

• Market Cap: HK$611.07M
• Dividend Yield: 6.48%
• Average Volume (3M): 563.68K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 0.26
• Revenue Growth: 0.32%
• EPS Growth: -113.51%
• Country: HK
• Employees: 4,460
• Sector: Real Estate
• Sector Strength: 57
• Industry: Food Distribution
• EPS (TTM): >-0.01
• Shares Outstanding: 1,697,406,500
• 10 Day Avg. Volume: 207,400
• 30 Day Avg. Volume: 563,677
• PEG Ratio: 0.35
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 2.89
• 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

• Rating: 56 Neutral
• Price Target: HK$0.50 ▲(38.89% Upside)

The overall stock score is primarily influenced by the company's strong cash flow management and stable balance sheet, despite challenges in profitability. Technical analysis shows moderate momentum, but valuation is negatively impacted by the lack of profitability. The high dividend yield is a positive aspect, but the negative P/E ratio is a significant concern.

Golden Resources Development International Limited Business Overview & Revenue Model

Company Description

Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing of rice in Hong Kong, Vietnam, and internationally. The company operates through Convenience Store Operation, Rice Operation, Securities Investment, and Property Investment. It is also involved in the operation of convenience stores; investment in equity and debt securities; and property investment, holding, and development activities. In addition, the company offers information technology, warehousing, logistics, money lending, and rice re-exporting services; holds trademarks. It markets approximately 30 brands of processed rice, including Golden Elephant, Kangaroo, Kam Heung Premium, Golden Boat, Cherry Blossom Castle, Amstar, Krampton, Kwai Fa, Tiwo, Jewellery, White Swan, Golden Harbour, and Green Field brands. The company was founded in 1946 and is headquartered in Tsing Yi Island, Hong Kong.

How the Company Makes Money

Golden Resources Development International Limited generates revenue through several key streams. Primarily, it earns income from the sale and leasing of developed properties in its portfolio, capitalizing on the growing demand for residential and commercial spaces in urban areas. The company also receives management fees from its property management services, which provide a steady income stream. Beyond real estate, Golden Resources may engage in financial investments and trading activities, generating additional revenue from capital gains and interest income. Strategic partnerships with local developers and financial institutions further bolster its revenue potential, allowing the company to leverage synergies and enhance its market presence.

Golden Resources Development International Limited Financial Statement Overview

Summary

Golden Resources Development International Limited shows strong financial health, with stable revenue growth and solid margins. The balance sheet is robust with a prudent leverage policy, although growing debt warrants attention. Cash flow generation is a notable strength, highlighting the company's ability to convert profits into cash effectively. Continued focus on improving profit margins and managing debt levels will be key for sustained growth.

Income Statement

Golden Resources Development International Limited has shown a strong revenue growth with a 0.61% increase annually. The company maintains a decent gross profit margin of 38.82% and a net profit margin of 5.16% for the recent year. The EBIT margin stands at 7.18% and EBITDA margin at 16.84%, indicating good operational efficiency. While revenue growth is steady, a slight decline in EBIT and net income from the previous year highlights areas for improvement.

Balance Sheet

The company exhibits a strong equity position with a debt-to-equity ratio of 0.32, suggesting a balanced approach to leverage. The return on equity (ROE) is at 8.10%, showing a reasonable return for shareholders. An equity ratio of 63.41% reflects financial stability. However, a gradual increase in debt over the years could pose a risk if not managed carefully.

Cash Flow

The company's free cash flow grew significantly by 130.17% from the previous year, indicating strong cash generation. The operating cash flow to net income ratio of 1.98 suggests efficient cash operations compared to net income. The free cash flow to net income ratio of 1.33 further demonstrates effective cash management, making the cash flow segment a particular strength for the company.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.08B	2.08B	2.07B	2.06B	1.77B	1.61B
Gross Profit	799.04M	794.50M	804.53M	787.90M	637.89M	599.75M
EBITDA	159.81M	231.52M	348.90M	315.74M	230.72M	236.05M
Net Income	19.87M	-14.47M	106.85M	128.68M	18.70M	40.21M
Balance Sheet
Total Assets	2.11B	2.10B	2.08B	1.89B	1.81B	1.68B
Cash, Cash Equivalents and Short-Term Investments	451.64M	385.44M	369.12M	549.61M	632.59M	640.17M
Total Debt	449.05M	481.49M	425.87M	377.28M	371.82M	293.26M
Total Liabilities	764.38M	790.54M	721.55M	627.95M	629.62M	504.56M
Stockholders Equity	1.31B	1.27B	1.32B	1.23B	1.14B	1.17B
Cash Flow
Free Cash Flow	193.37M	199.51M	142.63M	61.97M	99.47M	229.96M
Operating Cash Flow	262.04M	262.12M	211.30M	268.99M	162.11M	273.05M
Investing Cash Flow	-17.13M	-12.46M	1.42M	-300.36M	-11.89M	30.44M
Financing Cash Flow	-195.89M	-202.85M	-193.54M	-169.45M	-161.45M	-147.36M

Golden Resources Development International Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0677, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.35, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 59.60 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0677.

Golden Resources Development International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1587	71 Outperform	HK$428.40M	9.04	9.10%	3.57%	-4.97%	111.21%
1705	68 Neutral	HK$180.00M	10.11	11.39%	12.50%	-3.08%	-47.02%
8413	64 Neutral	HK$126.66M	121.11	1.07%	―	3.44%	-43.75%
0374	64 Neutral	HK$988.32M	98.11	0.84%	3.65%	-8.35%	96.66%
Sector *	63 Neutral	$6.81B	13.62	-1.43%	7.31%	4.60%	-32.65%
0677	56 Neutral	HK$611.07M	29.49	-1.12%	6.48%	0.32%	-113.51%
8491	41 Neutral	HK$211.26M	―	-22.75%	―	-4.08%	-12.24%

Golden Resources Development International Limited Corporate Events

Golden Resources Announces 2025 AGM and Key Resolutions

Golden Resources Development International Limited has announced its 2025 Annual General Meeting to be held on August 27, 2025, in Hong Kong. The agenda includes receiving financial statements, declaring a final dividend, re-electing directors, re-appointing the auditor, and considering resolutions related to share repurchase and issuance. The resolutions aim to authorize directors to repurchase up to 10% of the company’s shares and to issue additional shares, potentially impacting the company’s market operations and shareholder value.

Golden Resources Reports Financial Loss Amidst Property Revaluation Deficit

Golden Resources Development International Limited reported its financial results for the year ended March 31, 2025, revealing a challenging year with a net loss of HK$11.005 million, compared to a profit of HK$110.737 million the previous year. The decline was attributed to a deficit in the revaluation of investment properties and increased selling and distribution costs, which impacted the company’s profitability. Despite these challenges, the company managed to maintain stable revenue, indicating resilience in its core operations. The results highlight the need for strategic adjustments to improve financial performance and stakeholder confidence.

Golden Resources Announces Final Dividend for FY 2025

Golden Resources Development International Limited announced a final ordinary cash dividend of HKD 0.012 per share for the financial year ending 31 March 2025. The dividend will be paid on 19 September 2025, following shareholder approval on 27 August 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.

Golden Resources Schedules Board Meeting for Final Results and Dividend Consideration

Golden Resources Development International Limited has announced a board meeting scheduled for June 26, 2025, to discuss and approve the final results for the financial year ending March 31, 2025, and to consider the payment of a final dividend. This announcement signals the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.