Great Harvest Maeta Holdings Limited (3683) AI Stock Analysis

• Market Cap: HK$86.69M
• Dividend Yield: N/A
• Average Volume (3M): 49.00K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.25
• Revenue Growth: -74.22%
• EPS Growth: 23.27%
• Country: HK
• Employees: 79
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -0.03
• Shares Outstanding: 952,613,500
• 10 Day Avg. Volume: 61,250
• 30 Day Avg. Volume: 49,000
• PEG Ratio: -0.03
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.91
• P/FCF Ratio: -303.11
• 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: 45 Neutral
• Price Target: HK$0.09 ▼(-1.11% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis provides a neutral outlook, with no strong momentum indicators. The valuation is weak due to negative earnings and lack of dividends, further weighing down the score.

Positive Factors

Market Reach

The company's extensive wholesale partnerships enhance its market reach, providing a stable revenue stream and potential for growth in diverse consumer segments.

Product Innovation

Emphasizing quality and innovation in product offerings aligns with consumer trends toward healthier food, potentially driving long-term demand and brand loyalty.

Revenue Diversification

Diverse revenue streams through retail and distribution channels reduce dependency on any single source, enhancing financial stability and resilience against market fluctuations.

Negative Factors

Financial Instability

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns effectively.

Negative Profit Margins

Consistently negative profit margins indicate challenges in cost management and profitability, which could hinder long-term financial health and shareholder value.

Cash Flow Challenges

Negative free cash flow growth suggests difficulties in generating sufficient cash from operations, impacting the company's ability to fund operations and investments without external financing.

Great Harvest Maeta Holdings Limited Business Overview & Revenue Model

Company Description

Great Harvest Maeta Holdings Limited (3683) is a prominent player in the food and beverage industry, primarily focused on the production and distribution of high-quality food products. The company operates in various sectors, including bakery goods, snacks, and other processed foods, catering to both retail and wholesale markets. Great Harvest is known for its commitment to quality and innovation, offering a diverse range of products that meet the evolving tastes and preferences of consumers.

How the Company Makes Money

Great Harvest Maeta Holdings Limited generates revenue through multiple streams, primarily from the sales of its food products, which include freshly baked goods, packaged snacks, and other processed items. The company leverages a combination of direct-to-consumer sales through its retail outlets and partnerships with supermarkets and distributors to expand its market reach. Additionally, Great Harvest may engage in private label manufacturing for other food brands, providing a steady source of income. Strategic partnerships with local suppliers and distributors also enhance its supply chain efficiency, helping to reduce costs and increase profit margins. The company's focus on quality and innovation, along with effective marketing strategies, contributes significantly to its overall earnings.

Great Harvest Maeta Holdings Limited Financial Statement Overview

Summary

Great Harvest Maeta Holdings Limited faces significant financial challenges. The income statement reflects declining revenues and persistent losses. The balance sheet shows high leverage and negative equity returns. Cash flow issues further exacerbate the company's financial instability, indicating a need for strategic restructuring.

Income Statement

The income statement shows a concerning trend with declining revenue and negative profit margins over the years. The gross profit margin turned negative in the latest year, and net profit margin has been consistently negative, indicating ongoing losses. Revenue growth has been negative, reflecting a shrinking top line. These factors suggest significant challenges in generating profits and managing costs.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which has increased significantly, indicating high leverage and potential financial risk. Return on equity is negative, reflecting losses and poor returns for shareholders. The equity ratio is low, suggesting limited equity financing relative to total assets. Overall, the balance sheet indicates financial instability and high reliance on debt.

Cash Flow

Cash flow analysis shows negative free cash flow growth and a low free cash flow to net income ratio, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is low, further highlighting inefficiencies in converting income to cash. These factors suggest liquidity issues and difficulties in sustaining operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.37M	14.04M	13.45M	18.23M	21.56M	12.45M
Gross Profit	864.00K	-1.10M	510.00K	2.05M	10.57M	1.15M
EBITDA	2.86M	-2.23M	4.63M	-3.44M	31.25M	2.24M
Net Income	-7.92M	-10.38M	-7.13M	-17.09M	24.72M	-3.26M
Balance Sheet
Total Assets	103.16M	92.74M	115.21M	132.99M	153.73M	131.03M
Cash, Cash Equivalents and Short-Term Investments	1.67M	167.00K	1.10M	2.06M	2.88M	316.00K
Total Debt	58.68M	57.08M	63.07M	72.49M	74.51M	80.62M
Total Liabilities	88.19M	81.92M	92.75M	102.25M	102.00M	105.73M
Stockholders Equity	10.57M	6.52M	18.05M	26.51M	47.14M	20.84M
Cash Flow
Free Cash Flow	1.07M	-42.00K	2.19M	4.47M	10.37M	-353.00K
Operating Cash Flow	3.21M	1.43M	2.86M	6.12M	12.06M	2.55M
Investing Cash Flow	14.89M	4.49M	10.33M	-1.55M	-1.77M	-2.90M
Financing Cash Flow	-18.55M	-6.81M	-14.18M	-5.21M	-7.82M	307.00K

Great Harvest Maeta Holdings Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3683, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3683.

Great Harvest Maeta Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2682	72 Outperform	HK$141.00M	7.12	8.64%	6.25%	2.81%	23.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1719	59 Neutral	HK$569.27M	48.53	1.52%	―	19.79%	-33.33%
1145	53 Neutral	HK$180.02M	―	-2.23%	―	-11.79%	25.41%
1549	53 Neutral	HK$179.80M	23.67	3.67%	―	17.91%	―
3683	45 Neutral	HK$86.69M	―	-83.05%	―	-74.22%	23.27%
0351	41 Neutral	€588.52M	-25.43	-20.27%	―	-37.93%	-152.17%

Great Harvest Maeta Holdings Limited Corporate Events

Great Harvest Maeta Holdings Reports Significant Revenue Drop in Interim Results

Great Harvest Maeta Holdings Limited reported its unaudited consolidated interim results for the six months ending September 30, 2025, revealing a significant decrease in revenue from US$11,560,000 in 2024 to US$2,270,000 in 2025. Despite a reduction in operating loss compared to the previous year, the company still faced a net loss of US$3,179,000, highlighting ongoing financial challenges. The results indicate a tough operating environment and suggest potential implications for stakeholders regarding the company’s financial health and future strategies.

Great Harvest Maeta Holdings Takes Steps to Resolve Financial Disclaimer

Great Harvest Maeta Holdings Limited has implemented several strategic measures to address a disclaimer of opinion in its financial report for the year ending March 2025. The company is actively negotiating with bondholders for alternative settlement proposals, seeking financial support from its ultimate holding company, and exploring financing opportunities through banks and capital markets. These actions aim to improve the company’s financial position and liquidity, which could positively impact its operations and stakeholder confidence.

Great Harvest Maeta Holdings Faces Forced Share Sale Amid Compliance Concerns

Great Harvest Maeta Holdings Limited announced the forced sale of 17,412,500 shares, approximately 1.83% of its total issued shares, due to a margin call failure. This sale, involving shares owned by Ablaze Rich Investments Limited, a company partially owned by former director Ms. Lam Kwan, occurred between April 2023 and July 2025. The transaction reduced Ms. Lam’s and Ablaze Rich’s ownership to 67.13% and 62.77%, respectively. Some sales occurred during restricted periods, potentially impacting compliance with securities regulations.

Great Harvest Maeta Holdings Projects Significant Loss Reduction

Great Harvest Maeta Holdings Limited announced an expected significant decrease in its loss for the six months ending September 2025, with a projected loss of not less than US$3.1 million, marking a 58.7% reduction compared to the same period in 2024. This improvement is primarily attributed to a decrease in loss on disposal of property, plant, and equipment, and a reversal of impairment losses. The final results are pending and will be confirmed in the upcoming interim results announcement.

Great Harvest Maeta Holdings Schedules Board Meeting for Interim Results

Great Harvest Maeta Holdings Limited has announced a board meeting scheduled for November 26, 2025, to 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 could impact shareholder returns and reflect the company’s financial health.

Great Harvest Maeta Holdings Announces Leadership Restructuring

Great Harvest Maeta Holdings Limited announced significant changes in its board and committee compositions, effective from September 19, 2025. Ms. Lam Kwan has resigned from her roles as an executive director, chairperson, and various representative positions to focus more on the company’s business strategy and operations, though she will remain as CEO. Mr. Yan Yui Ham and Mr. Sze Wing Kin Pierre have been appointed to new roles, indicating a strategic shift in leadership to bolster the company’s operational management and governance.