JY Grandmark Holdings Limited (2231) AI Stock Analysis

• Market Cap: HK$378.62M
• Dividend Yield: N/A
• Average Volume (3M): 149.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: 550.30%
• EPS Growth: 81.37%
• Country: HK
• Employees: 552
• Sector: Real Estate
• Sector Strength: 48
• Industry: Real Estate - Development
• EPS (TTM): -0.05
• Shares Outstanding: 1,646,173,100
• 10 Day Avg. Volume: 32,100
• 30 Day Avg. Volume: 149,600
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$0.50
• Price Target Upside: 117.39% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: HK$0.50 ▲(117.39% Upside)

The overall stock score is significantly impacted by the company's weak financial performance, characterized by negative profit margins, high leverage, and cash flow issues. While the technical analysis shows some short-term positive momentum, the lack of a clear direction and negative valuation metrics weigh heavily on the stock's attractiveness. The absence of earnings call data and corporate events further limits positive influence on the score.

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 property development and investment. The company operates in the real estate sector, focusing on the development of residential properties, commercial properties, and mixed-use projects. In addition to property development, JY Grandmark also provides property management services, contributing to its portfolio of offerings aimed at enhancing the value and appeal of its real estate assets.

How the Company Makes Money

JY Grandmark Holdings Limited generates revenue primarily through the sale of residential and commercial properties that it develops. The company engages in the development of various real estate projects, which are sold upon completion, thus providing a significant revenue stream. Additionally, JY Grandmark earns income from leasing its commercial properties, offering a steady stream of rental income. Property management services also contribute to its revenue model, as the company manages properties on behalf of clients, adding to its overall earnings. Key partnerships with construction firms and real estate agencies may also enhance its project execution and market reach, influencing its financial performance positively.

JY Grandmark Holdings Limited Financial Statement Overview

Summary

JY Grandmark Holdings Limited is facing substantial financial challenges. The income statement shows negative net income and deteriorating gross profit margins. The balance sheet reflects high leverage with negative equity, indicating solvency concerns. Additionally, cash flow issues are evident with negative operating and free cash flows, suggesting liquidity problems. 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.43B	513.46M	513.31M	2.04B	2.35B
Gross Profit	500.49M	-1.62B	73.61M	583.23M	912.74M
EBITDA	1.41M	-1.95B	-831.10M	324.71M	675.93M
Net Income	-344.10M	-1.84B	-721.86M	216.45M	485.20M
Balance Sheet
Total Assets	6.97B	10.30B	12.49B	13.93B	10.89B
Cash, Cash Equivalents and Short-Term Investments	21.18M	125.01M	187.03M	1.03B	2.04B
Total Debt	3.33B	3.27B	3.69B	4.56B	3.18B
Total Liabilities	5.85B	8.75B	8.77B	9.15B	6.43B
Stockholders Equity	-313.44M	392.41M	2.25B	3.11B	3.04B
Cash Flow
Free Cash Flow	-105.20M	371.17M	469.41M	-1.72B	-1.58B
Operating Cash Flow	-105.08M	372.06M	471.14M	-1.72B	-1.57B
Investing Cash Flow	103.13M	254.29M	-96.26M	-23.36M	-146.08M
Financing Cash Flow	-102.57M	-692.11M	-1.24B	745.57M	2.83B

JY Grandmark Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 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:2231, the sentiment is Negative. The current price of 0.23 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.28, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 22.36 is Neutral, 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
0216	55 Neutral	HK$330.82M	―	-7.70%	―	-6.84%	-746.07%
Sector *	53 Neutral	$1.23B	2.72	-2.60%	5.66%	-2.15%	-149.23%
2231	45 Neutral	HK$378.62M	―	-757.46%	―	550.30%	81.37%
2772	45 Neutral	HK$353.20M	―	-42.12%	―	-41.41%	44.36%
3301	41 Neutral	HK$336.69M	―	-465.56%	―	-33.54%	-100.40%
2892	41 Neutral	HK$300.00M	―	-18.12%	―	-83.01%	76.32%

JY Grandmark Holdings Limited Corporate Events

JY Grandmark Holdings Addresses Financial Uncertainties with Debt Restructuring Efforts

JY Grandmark Holdings Limited has announced updates regarding a disclaimer of opinion issued by its auditors, D & Partners CPA Limited, on the company’s consolidated financial statements for the year ended December 31, 2024. The disclaimer was due to uncertainties about the company’s ability to continue as a going concern. To address these issues, the company has taken steps to negotiate the renewal and extension of repayment terms for its significant borrowings, including those in default and cross-default status. The company is also working on a debt restructuring plan with its creditors to improve its financial position.

JY Grandmark Announces Executive Directorate Change

JY Grandmark Holdings Limited, a company incorporated in the Cayman Islands with limited liability, has announced a change in its executive directorate. Mr. Wu Xinping has resigned as an executive director effective June 30, 2025, due to his retirement, and Ms. Yu Jiafeng has been appointed as his successor. Ms. Yu, who joined the company in April 2022, has extensive experience in finance and capital management, having previously worked at Agile Group Holdings Limited and the Bank of China. Her appointment is expected to bring valuable expertise to the company’s financial management and operations.

JY Grandmark Holdings Updates Board of Directors and Committee Roles

JY Grandmark Holdings Limited has announced the updated list of its board of directors and their respective roles, effective from June 30, 2025. The announcement highlights the composition of the board, including non-executive, executive, and independent non-executive directors, and details the membership of various board committees, which is crucial for stakeholders to understand the governance structure and leadership dynamics of the company.

JY Grandmark Holdings Limited Announces New Board Composition

JY Grandmark Holdings Limited has announced the composition of its board of directors effective from June 6, 2025. The board includes a mix of non-executive, executive, and independent non-executive directors, with Mr. Shek Lai Him, Abraham serving as the Chairman. The company has also established three board committees: Audit, Remuneration, and Nomination, with various directors assigned specific roles within these committees.

JY Grandmark Holdings Secures Shareholder Support at AGM

JY Grandmark Holdings Limited announced the results of its Annual General Meeting held on June 5, 2025. All proposed resolutions were passed, including the re-election of directors, the authorization of the board to fix directors’ remuneration, the re-appointment of the independent auditor, and the approval of general mandates for issuing and repurchasing shares. This outcome reflects strong shareholder support and positions the company for continued strategic governance and operational flexibility.

JY Grandmark Holdings Appoints New Chairman and Non-Executive Director

JY Grandmark Holdings Limited has announced the appointment of Mr. Shek Lai Him, Abraham as the new chairman and non-executive director, effective from June 6, 2025. Mr. Shek brings a wealth of experience from his extensive career in public service and various directorship roles across multiple companies listed on the Hong Kong Stock Exchange. This strategic appointment is expected to strengthen the company’s leadership and potentially enhance its market position, given Mr. Shek’s significant expertise and connections within the industry.