Great Harvest Maeta Holdings Limited (3683) AI Stock Analysis

• Market Cap: HK$85.74M
• Dividend Yield: N/A
• Average Volume (3M): 479.75K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: 4.07%
• EPS Growth: -44.88%
• Country: HK
• Employees: 79
• Sector: Industrials
• Sector Strength: 83
• Industry: Marine Shipping
• EPS (TTM): -0.02
• Shares Outstanding: 952,613,500
• 10 Day Avg. Volume: 26,250
• 30 Day Avg. Volume: 479,750
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 1

• Rating: 39 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is heavily influenced by significant financial challenges, including declining revenues, persistent losses, and high leverage. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and oversold conditions. Valuation metrics further highlight financial difficulties, with a negative P/E ratio and no dividend yield.

Great Harvest Maeta Holdings Limited Business Overview & Revenue Model

Company Description

Great Harvest Maeta Holdings Limited (3683) is a Hong Kong-based investment holding company primarily engaged in the production and sale of bakery products and related food items. The company operates through various segments, including the manufacturing of bread, cookies, and other baked goods, as well as the operation of retail outlets that serve its products. With a focus on quality and innovation, Great Harvest aims to cater to the growing demand for fresh and healthy food options in the market.

How the Company Makes Money

Great Harvest Maeta Holdings generates revenue primarily through the sale of its bakery products, which include a wide range of breads, pastries, and snacks. The company operates retail outlets and distribution channels that facilitate direct sales to consumers. A significant portion of revenue is derived from wholesale partnerships with supermarkets and food service providers, expanding its market reach. Additionally, Great Harvest may engage in promotional activities and collaborations with other brands to enhance visibility and drive sales, contributing 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	12.31M	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: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3683, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.11, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	69 Neutral	HK$150.00M	7.58	7.34%	6.62%	11.53%	-37.34%
Sector *	58 Neutral	HK$13.91B	4.82	-3.70%	5.62%	2.15%	-62.33%
1145	54 Neutral	S$184.41M	13.88	2.94%	―	7.56%	―
1549	49 Neutral	HK$218.55M	―	-4.41%	―	2.84%	-2100.00%
0351	45 Neutral	€482.78M	―	-28.98%	―	-66.49%	-335.94%
3683	39 Underperform	HK$85.74M	―	-84.30%	―	4.07%	-44.88%

Great Harvest Maeta Holdings Limited Corporate Events

Great Harvest Maeta Holdings Limited Reports Unusual Trading Activity Due to Forced Share Sale

Great Harvest Maeta Holdings Limited, listed on the Hong Kong Stock Exchange, experienced unusual price and trading volume movements on July 25, 2025. The company revealed that the fluctuations were due to a forced sale of shares by Ablaze Rich Investments Limited, a corporation controlled by the Chairperson, Ms. Lam Kwan, following a margin call. This resulted in a decrease in Ablaze Rich’s ownership from approximately 63.67% to 62.88% of the company’s total issued share capital. Despite this, the company’s business operations remain unaffected.

Great Harvest Maeta Holdings to Hold Annual General Meeting in August 2025

Great Harvest Maeta Holdings Limited has announced its upcoming annual general meeting, scheduled for August 27, 2025, in Hong Kong. The meeting will cover key agenda items including the approval of the company’s audited financial statements for the year ending March 31, 2025, re-election of directors, and the re-appointment of Rongcheng (Hong Kong) CPA Limited as the company’s auditor. Additionally, the meeting will seek approval for the directors to issue additional shares, which could impact the company’s capital structure and shareholder value.

Great Harvest Maeta Holdings Delays Circular Dispatch for Vessel Disposal

Great Harvest Maeta Holdings Limited announced a delay in the dispatch of a circular related to the disposal of a vessel, a major transaction for the company. The company has received a waiver from the Hong Kong Stock Exchange to extend the deadline for dispatching the circular, now expected by August 15, 2025, due to the need for additional time to finalize information such as the statement of indebtedness and working capital sufficiency.

Great Harvest Maeta Holdings Updates Nomination Committee Terms

Great Harvest Maeta Holdings Limited has revised the terms of reference for its Nomination Committee, emphasizing diversity and independence among its board members. The committee is tasked with reviewing the board’s composition annually and recommending changes to align with the company’s corporate strategy, ensuring compliance with listing rules and promoting a balanced and effective board structure.

Great Harvest Maeta Holdings Reports Increased Revenue but Higher Losses in 2025

Great Harvest Maeta Holdings Limited reported its audited financial results for the year ended 31 March 2025, showing a revenue increase to US$14.0 million, up by 4.4% from the previous year. Despite the revenue growth, the company faced an increased operating loss of US$6.4 million and a loss attributable to owners of US$10.4 million, reflecting a challenging financial year.

Great Harvest Maeta Holdings Announces Major Vessel Disposal

Great Harvest Maeta Holdings Limited, through its subsidiary Joy Ocean Shipping Limited, has entered into a Memorandum of Agreement (MOA) with Migo Shipping Co., Limited for the sale of a vessel for US$4.5 million. This transaction is classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requiring shareholder approval, which has been obtained from the majority shareholder, Ablaze Rich. Consequently, no extraordinary general meeting will be held.

Great Harvest Maeta Holdings Issues Profit Warning Amid Increased Losses

Great Harvest Maeta Holdings Limited has issued a profit warning, indicating an expected net loss of at least US$10.3 million for the fiscal year ending March 2025, a significant increase from the previous year’s loss of US$6.8 million. This increase is attributed to a drop in gross profit, impairment losses on property, plant, and equipment due to decreased vessel values, and adjustments related to convertible bonds. The final financial results are yet to be confirmed, and stakeholders are advised to exercise caution.

Great Harvest Maeta Holdings to Approve Annual Results and Consider Dividend

Great Harvest Maeta Holdings Limited has announced a board meeting scheduled for June 26, 2025, to approve the audited final results for the fiscal year ending March 31, 2025. The meeting will also address the publication of these results and consider the payment of a final dividend, reflecting the company’s ongoing financial management and potential shareholder returns.

Great Harvest Maeta Holdings Extends Bond Repayment Schedule to Improve Financial Health

Great Harvest Maeta Holdings Limited has announced measures to address a disclaimer of opinion in its annual report for the year ended 31 March 2024. The company has entered into a Second Supplemental Settlement Agreement to extend the repayment schedule of its Top Build Convertible Bonds, aiming to improve its financial position and liquidity. This move is expected to have significant implications for the company’s financial health and stakeholder confidence.