JY Grandmark Holdings Limited (2231) AI Stock Analysis

• Market Cap: HK$148.16M
• Dividend Yield: N/A
• Average Volume (3M): 311.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: -37.97%
• EPS Growth: 87.04%
• Country: HK
• Employees: 552
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.09
• Shares Outstanding: 1,646,173,100
• 10 Day Avg. Volume: 235,600
• 30 Day Avg. Volume: 311,000
• PEG Ratio: 0.02
• Price to Book (P/B): -1.48
• Price to Sales (P/S): 0.14
• P/FCF Ratio: -4.41
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: HK$0.09 ▼(-3.33% Downside)

JY Grandmark Holdings Limited's overall stock score is heavily impacted by its poor financial performance, characterized by negative profitability and high leverage. The technical analysis further supports a bearish outlook, with the stock showing weak market momentum. Valuation metrics are unfavorable due to ongoing losses and the absence of dividends, making the stock less appealing to investors.

Positive Factors

Strategic Land Acquisitions

Strategic land acquisitions in high-demand areas can enhance long-term revenue potential by ensuring a steady pipeline of desirable properties.

Partnerships with Local Entities

Strong partnerships with local entities can streamline operations, reduce costs, and enhance project execution, supporting sustainable growth.

Diversified Revenue Streams

Diversified revenue streams from sales and rentals provide stability and reduce reliance on any single income source, aiding financial resilience.

Negative Factors

Negative Profitability

Persistent negative profitability undermines financial health, limiting reinvestment capacity and threatening long-term viability.

High Leverage

High leverage increases financial risk, potentially leading to solvency issues and limiting the company's ability to weather economic downturns.

Cash Flow Constraints

Cash flow constraints hinder operational sustainability, necessitating external financing or improved cash generation to maintain operations.

JY Grandmark Holdings Limited Business Overview & Revenue Model

Company Description

JY Grandmark Holdings Limited (2231) is a Hong Kong-based investment holding company primarily engaged in the provision of property development and investment services. The company operates in sectors including real estate development, property management, and investment in various types of properties, such as residential, commercial, and mixed-use developments. JY Grandmark focuses on creating high-quality living and working environments, contributing to urban development and enhancing community living standards.

How the Company Makes Money

JY Grandmark Holdings Limited generates revenue primarily through the sale and leasing of developed properties. Its key revenue streams include income from residential and commercial property sales, as well as rental income from its investment properties. The company may also engage in property management services, providing additional revenue opportunities. Significant partnerships with local contractors, suppliers, and financial institutions facilitate its development projects, while strategic land acquisitions and developments in high-demand areas contribute to its earnings potential.

JY Grandmark Holdings Limited Financial Statement Overview

Summary

JY Grandmark Holdings Limited is experiencing severe financial distress. The income statement shows negative net income and gross profit, with deteriorating margins. The balance sheet reveals negative equity, indicating high leverage and solvency risks. Cash flow is constrained with negative operating cash flow, highlighting liquidity challenges. Overall, the financial health is under significant pressure.

Income Statement

The income statement reveals a challenging financial period for JY Grandmark Holdings Limited, with negative net income and gross profit over the recent years. The gross profit margin has significantly deteriorated from a positive 48% in 2019 to negative in 2023, indicating severe cost challenges or revenue issues. Revenue has fluctuated, showing a decline from 2020 to 2023, with a notable decrease in 2023 compared to 2022. Profitability margins, such as EBIT and EBITDA, have also turned negative, reflecting operational inefficiencies and potential market challenges.

Balance Sheet

The balance sheet shows substantial financial distress, with a negative stockholders' equity in 2024 indicating a concerning level of debt compared to assets. The debt-to-equity ratio is undefined due to negative equity, highlighting financial instability. Additionally, the equity ratio has drastically decreased, signaling increased leverage and reduced shareholder value. The company faces significant solvency risks given its high debt levels relative to its assets and equity.

Cash Flow

Cash flow analysis highlights significant challenges, with negative operating cash flow in 2024 and a reversal from positive free cash flow in 2023 to negative in 2024. The free cash flow to net income ratio is adversely affected by persistent net losses, and the operating cash flow to net income ratio is negative, indicating cash flow constraints. This suggests potential liquidity issues and difficulties in sustaining operations without external financing or improved cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.55B	3.43B	513.46M	513.31M	2.04B	2.35B
Gross Profit	243.59M	500.49M	-1.62B	73.61M	583.23M	912.74M
EBITDA	-120.31M	1.41M	-1.95B	-831.10M	324.71M	675.93M
Net Income	-223.76M	-344.10M	-1.84B	-721.86M	216.45M	485.20M
Balance Sheet
Total Assets	6.35B	6.97B	10.30B	12.49B	13.93B	10.89B
Cash, Cash Equivalents and Short-Term Investments	41.02M	21.18M	125.01M	187.03M	1.03B	2.04B
Total Debt	3.47B	3.33B	3.27B	3.69B	4.56B	3.18B
Total Liabilities	5.40B	5.85B	8.75B	8.77B	9.15B	6.43B
Stockholders Equity	-427.94M	-313.44M	392.41M	2.25B	3.11B	3.04B
Cash Flow
Free Cash Flow	-89.70M	-105.20M	371.17M	469.41M	-1.72B	-1.58B
Operating Cash Flow	-89.65M	-105.08M	372.06M	471.14M	-1.72B	-1.57B
Investing Cash Flow	101.82M	103.13M	254.29M	-96.26M	-23.36M	-146.08M
Financing Cash Flow	-23.96M	-102.57M	-692.11M	-1.24B	745.57M	2.83B

JY Grandmark Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2231, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.16, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 25.60 is Positive, neither overbought nor oversold. The STOCH value of 15.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2231.

JY Grandmark Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0216	53 Neutral	HK$314.28M	-0.43	-9.81%	―	48.60%	-441.98%
3616	51 Neutral	HK$426.00M	-5.58	―	―	―	―
2892	46 Neutral	HK$251.25M	-4.27	-9.07%	―	-72.10%	90.00%
2772	40 Underperform	HK$289.99M	-0.17	-34.31%	―	-63.41%	77.97%
2231	39 Underperform	HK$148.16M	-0.61	―	―	-37.97%	87.04%
3301	39 Underperform	HK$262.62M	-0.02	―	―	-60.50%	-103.48%

JY Grandmark Holdings Limited Corporate Events

JY Grandmark Holdings Takes Steps to Address Financial Concerns

JY Grandmark Holdings Limited has announced measures to address a disclaimer of opinion issued by auditors regarding its financial statements for the year ending December 2024, which raised concerns about the company’s ability to continue as a going concern. To mitigate liquidity pressures, the company is negotiating with lenders to renew and extend repayment terms for defaulted borrowings, adjusting pre-sales and sales activities to meet market demands, and seeking alternative financing options. These efforts aim to stabilize the company’s financial position and ensure continued operations.

JY Grandmark Holdings Limited Announces Change of Auditor

JY Grandmark Holdings Limited, incorporated in the Cayman Islands, has announced a change in its auditing firm. D & Partners CPA Limited resigned as the company’s auditor due to factors such as audit fees and resource allocation. The company has appointed McMillan Woods (Hong Kong) CPA Limited as the new auditor, effective immediately. The Board and Audit Committee have assessed McMillan Woods as independent and capable, and believe the change will enhance cost-effectiveness without impacting the company’s operations.

JY Grandmark Holdings Limited Addresses Financial Uncertainties with Strategic Measures

JY Grandmark Holdings Limited has issued an update regarding the disclaimer of opinion in its 2024 annual report, addressing uncertainties about its ability to continue as a going concern. The company is actively negotiating with lenders to renew and extend repayment terms for substantial borrowings and is adjusting its sales strategies to improve liquidity. Additionally, the company is seeking alternative financing to meet its financial obligations and operational expenses, indicating a proactive approach to stabilizing its financial position.

JY Grandmark Holdings Limited Announces Change of Hong Kong Business Address

JY Grandmark Holdings Limited, a company incorporated in the Cayman Islands, has announced a change in its principal place of business in Hong Kong. Effective from November 1, 2025, the company will relocate to Unit No. 1101, 11th Floor, The Bay Hub, Kowloon Bay, Hong Kong. This move is part of the company’s strategic adjustments, although the contact details such as telephone, facsimile, and website remain unchanged.

JY Grandmark Holdings Limited Addresses Financial Concerns with Strategic Measures

JY Grandmark Holdings Limited has provided updates on its efforts to address a Disclaimer Opinion issued by auditors due to uncertainties about its ability to continue as a going concern. The company has been negotiating with lenders to renew and extend repayment terms for its borrowings, successfully extending repayment dates and renegotiating terms for significant amounts. Additionally, the company is adjusting its pre-sales and sales activities to meet market demands and accelerate the collection of sales proceeds, aiming to improve its financial position and liquidity.