Grand Ming Group Holdings Ltd. (1271) AI Stock Analysis

• Market Cap: HK$1.18B
• Dividend Yield: N/A
• Average Volume (3M): 36.72K
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: -30.18%
• EPS Growth: -254.53%
• Country: HK
• Employees: 156
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.02
• Shares Outstanding: 1,420,222,300
• 10 Day Avg. Volume: 16,300
• 30 Day Avg. Volume: 36,723
• PEG Ratio: 0.05
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 2.50
• P/FCF Ratio: -133.50
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: HK$1.00 ▲(20.48% Upside)

The overall stock score of 40 reflects significant financial and operational challenges faced by Grand Ming Group Holdings Ltd. The company's high leverage, negative margins, and cash flow issues are major concerns. Technical analysis indicates a bearish trend, and the negative P/E ratio highlights valuation challenges. These factors collectively suggest a high-risk investment.

Positive Factors

Revenue Growth

The revenue growth indicates expanding operations and market presence, which can lead to improved financial stability and opportunities for scaling.

Sustainable Practices

Focusing on sustainability can enhance brand reputation and attract environmentally-conscious investors and customers, potentially leading to long-term growth.

Strategic Partnerships

These partnerships can provide a steady pipeline of projects and revenue, enhancing the company's competitive position in the construction industry.

Negative Factors

High Leverage

High leverage increases financial risk and can limit the company's ability to invest in growth opportunities, impacting long-term financial health.

Negative Margins

Negative margins indicate operational inefficiencies and financial losses, which can undermine profitability and sustainability over time.

Cash Flow Challenges

Poor cash flow management can hinder the company's ability to fund operations and growth, posing a threat to its long-term viability.

Grand Ming Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong. The Construction segment constructs residential and commercial buildings, as well as data centers. The Property Leasing segment is involved in leasing of data centers and commercial shops. The Property Development segment develops and sells properties. The company was founded in 1995 and is headquartered in Tsim Sha Tsui, Hong Kong. Grand Ming Group Holdings Limited is a subsidiary of Chan HM Company Limited.

How the Company Makes Money

Grand Ming Group generates revenue primarily through its construction and property development activities. The company earns money by securing contracts for construction projects and by selling or leasing developed properties. Key revenue streams include income from residential and commercial property sales, project management fees, and property leasing revenues. Additionally, partnerships with local government and private sector entities for infrastructure projects can provide significant financial contributions. The company may also benefit from favorable market conditions and government policies that promote urban development, which can enhance its profitability.

Grand Ming Group Holdings Ltd. Financial Statement Overview

Summary

Grand Ming Group Holdings Ltd. is facing significant financial challenges. Despite some revenue growth, the company is struggling with profitability and cash flow issues. High leverage and negative margins are key concerns, indicating potential financial instability.

Income Statement

The income statement shows a mixed performance. The company experienced a revenue growth of 11.81% in the most recent year, which is a positive sign. However, the net profit margin is negative at -25.49%, indicating significant losses. The gross profit margin has decreased from previous years, and both EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 2.14, which poses a financial risk. The return on equity is negative, indicating that the company is not generating profit from its equity. The equity ratio is relatively low, suggesting a heavy reliance on debt financing.

Cash Flow

The cash flow statement indicates a concerning trend with a negative free cash flow growth rate of -102.58%. The operating cash flow to net income ratio is low at 0.08, and the free cash flow to net income ratio is negative, highlighting cash flow challenges and inefficiencies in converting income to cash.

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	15.14M	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

• Technical Analysis Sentiment: Negative
• Last Price: 0.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1271, the sentiment is Negative. The current price of 0.83 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 0.92, and below the 200-day MA of 1.55, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.36 is Neutral, neither overbought nor oversold. The STOCH value of 37.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1271.

Grand Ming Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0830	65 Neutral	HK$2.80B	5.76	16.54%	6.29%	-22.53%	-30.02%
2355	65 Neutral	€2.15B	11.28	1.40%	3.25%	-27.65%	-68.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0711	45 Neutral	HK$794.51M	-2.79	2.28%	―	0.97%	―
1707	41 Neutral	HK$63.84M	-4.13	-9.58%	―	3.97%	14.02%
1271	40 Underperform	HK$1.18B	-3.18	-12.85%	―	-30.18%	-254.53%
1683	39 Underperform	HK$821.15M	―	-8.55%	―	-37.55%	-1727.78%

Grand Ming Group Holdings Ltd. Corporate Events

Grand Ming Group Reports Revenue Decline and Loss for FH 2025/26

Grand Ming Group Holdings Limited reported a significant decline in revenue by 62.9% to $253.5 million for the six months ending September 30, 2025, compared to the same period in 2024. The company also recorded a loss of $26.1 million, contrasting with a profit of $52.6 million in the previous year, leading the Board to decide against declaring an interim dividend. This downturn reflects challenges in the market and may impact stakeholders’ confidence in the company’s financial stability.

Grand Ming Group Issues Profit Warning Amid Revenue Decline

Grand Ming Group Holdings Limited has issued a profit warning, indicating an expected net loss of approximately HK$25.0 million to HK$30.0 million for the six months ending September 30, 2025. This contrasts with a net profit of HK$52.6 million for the same period in 2024. The anticipated loss is attributed to a significant decrease in residential property deliveries, the expiry of a data center lease, and a lower fair value gain from investment properties under development. These factors have led to a substantial drop in revenue and gross profit, impacting the company’s financial performance.

Grand Ming Group Schedules Board Meeting to Review Interim Results

Grand Ming Group Holdings Limited has announced a board meeting scheduled for November 27, 2025, to discuss and approve the unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the potential payment of an interim dividend, which may impact shareholder returns and reflect the company’s financial health.

Grand Ming Group Announces Leadership Changes

Grand Ming Group Holdings Limited has announced a significant change in its executive team. The company, which operates in the real estate and construction industry, has accepted the resignation of Mr. Kwan Wing Wo as Executive Director and Chief Financial Officer due to personal health issues, effective October 18, 2025. Mr. Kwan has confirmed no disagreements with the board. In his place, Mr. Tang Sai Cheong has been appointed as the new Chief Financial Officer, bringing over 14 years of experience in auditing, accounting, and compliance. This change in leadership is expected to bring fresh expertise to the company’s financial management and strategic direction.

Grand Ming Group Announces Board Restructuring

Grand Ming Group Holdings Limited has announced changes to its board of directors, effective from October 18, 2025. The 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 various directors appointed to these roles. This restructuring may impact the company’s governance and strategic direction, potentially influencing its market position and stakeholder relations.

Grand Ming Group Announces Potential Data Center Portfolio Disposal

Grand Ming Group Holdings Ltd. announced the expiration of an exclusivity period regarding a potential transaction with Wellford Properties, indicating no definitive agreement was reached. However, the company signed a non-legally binding indicative term sheet with an intended purchaser for the potential disposal of its entire portfolio of four data center projects, including 100% equity interests in Wellford Properties Holdings Limited and Wellford Properties Limited. This move could significantly impact the company’s operations by potentially divesting its data center assets, which may influence its market positioning and stakeholder interests.