GDH Guangnan (Holdings) Limited (HK:1203)
:1203
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GDH Guangnan (Holdings) Limited
(1203)
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Rating:63Neutral
Price Target:
HK$0.74
▼(-10.37% Downside)
Action:DowngradedDate:04/30/26
The score is driven by fair financial performance with improved leverage and a strong 2025 cash-flow rebound, plus attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (price below major moving averages, negative MACD, low RSI) and thin, inconsistent profitability with revenue softness in 2025.
Positive Factors
Improved leverage
Debt-to-equity improvement to ~0.33 signals stronger capital structure and greater financial flexibility across cycles. Lower leverage reduces interest burden and bankruptcy risk, enabling more consistent capex, maintenance spending and optionality for dividends or strategic investments over the next several quarters.
Negative Factors
Thin, inconsistent profitability
Persistently low net margins (~0.9%) and compression versus prior years indicate limited pricing power and margin vulnerability to raw-material or demand shocks. Over months this constrains retained earnings, slows equity build-up, and makes returns sensitive to cyclicality and cost shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Debt-to-equity improvement to ~0.33 signals stronger capital structure and greater financial flexibility across cycles. Lower leverage reduces interest burden and bankruptcy risk, enabling more consistent capex, maintenance spending and optionality for dividends or strategic investments over the next several quarters.
Read all positive factors
GDH Guangnan (Holdings) Limited (1203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$626.24M
Dividend Yield5.81%
Average Volume (3M)292.97K
Price to Earnings (P/E)5.4
Beta (1Y)0.40
Revenue Growth1.35%
EPS Growth-20.70%
CountryHK
Employees1,503
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, an investment holding company, manufactures and sells tinplates and related products primarily in Hong Kong and Mainland China. It operates through three divisions: Tinplating, Fresh and Live Foodstuffs, and Proper...
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 | 358.31M | 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
Negative
0.82
Price Trends
0.80
Negative
0.82
Negative
0.86
Negative
Market Momentum
-0.04
Positive
27.69
Positive
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1203, the sentiment is Negative. The current price of 0.82 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.80, and below the 200-day MA of 0.86, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 27.69 is Positive, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$649.05M | 2.06 | 10.26% | 6.28% | 4.94% | -4.32% | |
63 Neutral | HK$626.24M | 5.45 | 6.04% | 5.81% | 1.35% | -20.70% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | HK$629.01M | 2.80 | 11.57% | 7.84% | -13.96% | -1.91% | |
51 Neutral | HK$1.34B | -5.87 | -55.31% | ― | -37.53% | -2640.00% | |
48 Neutral | HK$1.28B | 16.98 | 1.06% | 2.77% | 1.14% | 28.45% | |
46 Neutral | HK$929.95M | -5.65 | -15.58% | ― | -4.81% | 91.31% |
* Consumer Defensive Sector Average
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GDH Guangnan (Holdings) Limited Corporate Events
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.