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Grand Ming Group Holdings Ltd.
(1271)
Grand Ming Group Holdings Ltd. (1271) vs. iShares MSCI Hong Kong ETF (EWH)
Grand Ming Group Holdings Ltd. Business Overview & Revenue Model
Grand Ming Group Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 1.15B | 532.69M | 5.00B | 817.87M | 1.49B |
| Gross Profit | 377.10M | 332.72M | 168.56M | 1.99B | 61.68M | 331.11M |
| EBITDA | 373.41M | -148.20M | 457.71M | 1.69B | 203.00K | 252.56M |
| Net Income | 239.93M | -292.06M | 298.45M | 1.28B | 17.55M | 149.03M |
Balance Sheet | ||||||
| Total Assets | 9.53B | 9.10B | 9.39B | 8.15B | 10.67B | 9.84B |
| Cash, Cash Equivalents and Short-Term Investments | 138.26M | 33.62M | 62.56M | 611.80M | 696.83M | 1.12B |
| Total Debt | 6.01B | 5.81B | 5.88B | 4.63B | 4.91B | 4.00B |
| Total Liabilities | 6.45B | 6.38B | 6.43B | 5.17B | 8.55B | 7.36B |
| Stockholders Equity | 3.08B | 2.72B | 2.95B | 2.98B | 2.13B | 2.48B |
Cash Flow | ||||||
| Free Cash Flow | 831.95M | -21.49M | -101.51M | 762.66M | -355.74M | 56.28M |
| Operating Cash Flow | 368.54M | 461.38M | -100.24M | 823.72M | -351.96M | 58.94M |
| Investing Cash Flow | -374.86M | -118.15M | -948.91M | -202.25M | -581.03M | -444.96M |
| Financing Cash Flow | 441.26M | -372.13M | 548.45M | -701.67M | 504.57M | -702.92M |
Grand Ming Group Holdings Ltd. Technical Analysis
Grand Ming Group Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$3.38B | 5.20 | 25.62% | 1.85% | -6.51% | 12.05% | |
65 Neutral | €4.32B | 7.44 | 20.89% | 6.34% | 3.58% | -77.67% | |
51 Neutral | HK$164.64M | ― | -9.34% | ― | -40.18% | 3.09% | |
46 Neutral | HK$794.51M | ― | -11.69% | 5.01% | 3.14% | -480.05% | |
43 Neutral | HK$1.38B | 106.67 | -9.39% | ― | -35.62% | -481.82% | |
39 Underperform | HK$1.87B | 12.97 | -10.29% | 4.02% | 115.09% | -197.81% | |
| ― | €244.09M | 4.61 | 3.16% | ― | ― | ― |
Grand Ming Group Holdings Ltd. Corporate Events
Grand Ming Group Holdings Ltd. has announced its upcoming annual general meeting scheduled for August 21, 2025, in Hong Kong. Key agenda items include the approval of financial statements, re-election of directors, re-appointment of auditors, and a resolution to authorize the company to repurchase up to 10% of its shares. These actions reflect the company’s ongoing efforts to maintain strong governance and shareholder value, potentially impacting its market positioning and stakeholder confidence.
Grand Ming Group Holdings Ltd. has successfully obtained waivers from its lenders, preventing the immediate repayment of bank borrowings due to a breach of financial covenants. This development ensures that the company can continue to utilize its existing loan facilities as per the original terms, maintaining financial stability and operational continuity.
Grand Ming Group Holdings Ltd. has announced a breach of financial covenants related to its banking facilities, which include ratios of consolidated EBITDA to interest expenses, net gearing, and current ratio. The breach allows lenders to demand immediate repayment of approximately HK$4,795 million in outstanding loans. The company has secured waivers for HK$2,747 million of these loans and is seeking further waivers. No immediate repayment demands have been made by lenders.
Grand Ming Group Holdings Ltd. reported a significant increase in revenue by 115% to HK$1,145.8 million for the fiscal year ending March 31, 2025, compared to the previous year. Despite the revenue growth, the company experienced a loss of HK$292.1 million, a stark contrast to the profit of HK$298.5 million recorded in the prior year. The company attributes this loss to increased selling expenses and changes in the fair value of investment properties. Consequently, the board has decided not to recommend a final dividend for the year.
Grand Ming Group Holdings Ltd. has announced a change in the composition of its Nomination Committee to comply with the revised Corporate Governance Code effective from July 2025. Ms. Chan Pui Yin Apple, an executive director, has been appointed to the committee, which now includes four independent non-executive directors and one executive director. This change aims to enhance the board’s effectiveness and diversity, promoting better corporate governance practices.
Grand Ming Group Holdings Limited has announced changes to its board of directors, effective from June 30, 2025. The new board comprises both executive and independent non-executive directors, with Mr. Chan Hung Ming as the Chairman and Mr. Lau Chi Wah as the CEO. The board has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned to each committee. These changes are likely to impact the company’s governance structure and may influence its strategic direction and decision-making processes.
Grand Ming Group Holdings Limited has updated the terms of reference for its Board of Directors’ Nomination Committee, effective from July 1, 2025. The changes aim to ensure a diverse and independent committee structure, with a majority of members being independent non-executive directors and at least one member of a different gender. This move is expected to enhance the company’s governance practices and align with industry standards, potentially impacting its operational efficiency and stakeholder confidence.
Grand Ming Group Holdings Limited has issued a profit warning, indicating an expected net loss of HK$280 million to HK$310 million for the year ended 31 March 2025, compared to a net profit of HK$298.5 million in the previous year. The anticipated loss is attributed to impairment losses on properties and a net unrealised fair value loss on investment properties due to the unfavorable property market conditions in Hong Kong.
Grand Ming Group Holdings Ltd. has announced that its subsidiary, Wellford Properties Holdings Limited, received a letter of interest from a potential purchaser for the acquisition of its subsidiaries, Regal Development Limited and Golden Ford Limited. These subsidiaries are involved in developing high-tier data centers in Fanling, Hong Kong. The potential transaction, which includes the acquisition of the entire issued share capital of the subsidiaries, is subject to due diligence and negotiation of terms. The sale of Regal Development could be valued at up to HK$1.5 billion, while the valuation for Golden Ford will depend on the costs of land and construction, with an initial agreement of HK$650 million. This potential transaction could significantly impact Grand Ming Group’s operations and market positioning in the data center industry.
Grand Ming Group Holdings Ltd. has announced that its board of directors will meet on June 30, 2025, to review and approve the company’s audited consolidated results for the fiscal year ending March 31, 2025. The meeting will also consider the declaration of a final dividend, which could impact shareholder returns and reflect the company’s financial health and strategic direction.