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GDH Guangnan (Holdings) Limited
(1203)
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Rating:62Neutral
Price Target:
HK$0.69
▼(-15.98% Downside)
Action:Reiterated
Date:05/23/26
Overall score is driven by fair financial performance (improving leverage and a strong 2025 free-cash-flow rebound) and supportive valuation (low P/E and high dividend yield), tempered by weak technicals with the price below key moving averages and negative MACD.
Positive Factors
Improving leverage
Debt-to-equity improvement to ~0.33 signals stronger balance sheet flexibility for a cyclical steel-related business. Lower leverage reduces refinancing risk and supports capacity to fund working capital, capex, or dividends over the medium term, improving financial resilience.
Negative Factors
Thin profitability
Persistently low net margins (~0.9%) constrain the firm's ability to self-fund growth, withstand cost inflation, or deliver strong shareholder returns. Thin margins amplify the impact of volume or price shocks and make consistent long-term earnings improvement harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Debt-to-equity improvement to ~0.33 signals stronger balance sheet flexibility for a cyclical steel-related business. Lower leverage reduces refinancing risk and supports capacity to fund working capital, capex, or dividends over the medium term, improving financial resilience.
Read all positive factors
GDH Guangnan (Holdings) Limited (1203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$635.32M
Dividend Yield5.81%
Average Volume (3M)292.97K
Price to Earnings (P/E)5.7
Beta (1Y)0.42
Revenue Growth1.35%
EPS Growth-20.70%
CountryHK
Employees1,517
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)0.12
Shares Outstanding907,593,260
10 Day Avg. Volume221,960
30 Day Avg. Volume292,969
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.28
Price to Sales (P/S)0.06
P/FCF Ratio4.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GDH Guangnan (Holdings) Limited Business Overview & Revenue Model
Company Description
GDH Guangnan (Holdings) Limited operates as an investment holding company, primarily conducting its business activities across Hong Kong and Mainland China through three core segments. Its Tinplating division is involved in the research, developme...
How the Company Makes Money
null...
GDH Guangnan (Holdings) Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.14B | 11.98B | 10.39B | 8.31B | 4.86B |
| Gross Profit | 543.06M | 509.01M | 568.99M | 558.38M | 463.45M |
| EBITDA | 263.87M | 280.85M | 282.74M | 362.36M | 221.34M |
| Net Income | 111.62M | 140.75M | 65.92M | 135.67M | 54.06M |
Balance Sheet | |||||
| Total Assets | 5.17B | 4.94B | 4.79B | 4.88B | 4.25B |
| Cash, Cash Equivalents and Short-Term Investments | 973.43M | 954.81M | 1.04B | 1.21B | 969.21M |
| Total Debt | 903.78M | 1.01B | 939.65M | 1.02B | 372.97M |
| Total Liabilities | 2.17B | 2.08B | 1.99B | 2.10B | 1.34B |
| Stockholders Equity | 2.71B | 2.59B | 2.57B | 2.57B | 2.68B |
Cash Flow | |||||
| Free Cash Flow | 183.68M | -9.17M | -1.07M | -98.15M | -61.28M |
| Operating Cash Flow | 328.87M | 67.35M | 259.92M | 92.69M | 404.49M |
| Investing Cash Flow | -148.61M | -63.90M | -267.97M | -258.32M | -607.48M |
| Financing Cash Flow | -195.49M | -67.43M | -154.62M | 456.54M | 262.44M |
GDH Guangnan (Holdings) Limited Technical Analysis
Positive
0.82
Price Trends
0.67
Positive
0.71
Negative
0.78
Negative
Market Momentum
<0.01
Negative
59.31
Neutral
65.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1203, the sentiment is Positive. The current price of 0.82 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.67, and above the 200-day MA of 0.78, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 65.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1203.
GDH Guangnan (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$611.66M | 3.81 | 11.64% | 7.84% | -13.96% | -1.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | HK$635.32M | 5.69 | 6.04% | 5.81% | 1.35% | -20.70% | |
59 Neutral | HK$222.45M | 0.78 | 16.71% | ― | -20.11% | 15.44% | |
47 Neutral | HK$19.60B | -837.93 | -0.09% | ― | -4.43% | 99.48% | |
44 Neutral | HK$12.96B | -3.83 | -18.53% | ― | -13.27% | 4.42% | |
43 Neutral | HK$19.37B | -3.60 | -11.13% | ― | -7.68% | 15.78% |
* Consumer Defensive Sector Average
HK:1203
GDH Guangnan (Holdings) Limited
0.70
-0.29
-29.51%
HK:0347
Angang Steel Co
1.15
-1.14
-49.78%
HK:0323
Maanshan Iron & Steel Co
1.63
-0.48
-22.75%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.88
-0.89
-50.28%
HK:1553
Maike Tube Industry Holdings Limited
1.41
0.03
2.17%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.22
-0.12
-35.29%
GDH Guangnan (Holdings) Limited Corporate Events
GDH Guangnan Updates Board Composition and Governance Roles
May 21, 2026
GDH Guangnan (Holdings) Limited announced that, effective 21 May 2026, its board now comprises seven directors, including executive, non-executive, and independent non-executive members. The board structure confirms Wang Hui as chairman and Long W...
GDH Guangnan Overhauls Leadership with New Chairman and CFO Exit
May 21, 2026
GDH Guangnan (Holdings) Limited has reshaped its senior leadership, appointing Wang Hui as executive director, board chairman, chairman of the nomination committee and authorised representative with effect from 21 May 2026. Wang, a long-time execu...
GDH Guangnan Seeks Approval to Extend Intra-Group Power Supply Deals
Apr 30, 2026
GDH Guangnan (Holdings) Limited has arranged for four of its mainland subsidiaries to continue sourcing electricity from fellow GDH group member GDH Energy Service for the period from 1 July 2026 to 31 December 2026, following the expiry of existi...
GDH Guangnan Swings to Quarterly Loss on Weaker Foodstuffs and Tinplating Margins
Apr 28, 2026
GDH Guangnan (Holdings) Limited reported unaudited first‑quarter 2026 revenue of HK$2.53 billion, down 12% year on year, swinging to a loss attributable to shareholders of HK$8.61 million as operating profit more than halved and total assets...
GDH Guangnan Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority
Apr 27, 2026
GDH Guangnan (Holdings) Limited has convened its annual general meeting for 22 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the declaration of a final divi...
GDH Guangnan Sets April Board Meeting to Review First-Quarter Results
Apr 16, 2026
GDH Guangnan (Holdings) Limited has scheduled a board meeting for 28 April 2026 to review and approve the unaudited quarterly results for the three months ended 31 March 2026. The announcement signals the forthcoming disclosure of the group’...
GDH Guangnan Flags First-Quarter Loss on Swine Price Slump and Tinplate Pressure
Apr 10, 2026
GDH Guangnan (Holdings) Limited has warned that it expects to post an unaudited consolidated loss attributable to equity shareholders of between HK$8 million and HK$9 million for the three months ended 31 March 2026, a sharp reversal from a profit...
GDH Guangnan Pursues RMB19 Million Compensation After Profit Guarantee Miss
Mar 31, 2026
GDH Guangnan (Holdings) Limited has disclosed that the original shareholder and warrantor of its 51%-owned target company failed to meet agreed profit guarantees for 2024 and 2025, triggering substantial cash compensation obligations. The first gu...
GDH Guangnan Takes Full Control of Brilliant Food After Profit Target Met
Mar 31, 2026
GDH Guangnan (Holdings) Limited has completed the acquisition of the remaining 30% equity in Brilliant Food Products Limited, after the target met an aggregate profit-before-tax guarantee of HK$23 million over a three-year period. With the second ...
GDH Guangnan Declares Final Cash Dividend for FY2025
Mar 31, 2026
GDH Guangnan (Holdings) Limited has proposed a final ordinary cash dividend of HKD 0.012 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend, subject to shareholder approval on 22 June 2026, will go ...
GDH Guangnan Profit Falls Despite Higher Revenue as Group Pushes Full-Chain Food Strategy
Mar 31, 2026
GDH Guangnan (Holdings) Limited reported 2025 revenue of HK$12.14 billion, up 1% year on year, while profit attributable to shareholders fell 21% to HK$111.6 million as margins came under pressure. Basic earnings per share dropped to HK12.30 cents...
GDH Guangnan Sets March 31 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
GDH Guangnan (Holdings) Limited has scheduled a board meeting for 31 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider recommending a final dividend, a decision that cou...
GDH Guangnan Flags 21% Profit Drop for 2025 Despite Tinplating Strength
Mar 3, 2026
GDH Guangnan (Holdings) Limited has warned investors that its unaudited profit attributable to shareholders for 2025 is expected to be not less than HK$111 million, down about 21% from HK$141 million a year earlier. The decline is mainly linked to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.