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Graphex Group Limited
(6128)
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Rating:46Neutral
Price Target:
HK$0.05
▼(-75.24% Downside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by weak financial performance—multi-year losses, deteriorating 2025 leverage/equity position, and negative recent operating/free cash flow. Technicals provide some offset from a near-term rebound above short-term averages, but the longer-term downtrend and a negative earnings-based valuation profile keep the overall score low.
Positive Factors
Gross margin resilience
Despite sustained net losses, product-level gross margins near 33%–40% indicate underlying pricing power or controllable direct costs. That margin buffer gives the company a clearer path to recover operating profitability if fixed costs or SG&A are reduced and volumes stabilize.
Negative Factors
Multi-year net losses
Six consecutive years of net losses and largely negative EBIT/EBITDA materially erode equity and limit internal funding for growth or capex. Persistent unprofitability undermines stakeholder confidence and constrains strategic options without a durable turnaround in operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin resilience
Despite sustained net losses, product-level gross margins near 33%–40% indicate underlying pricing power or controllable direct costs. That margin buffer gives the company a clearer path to recover operating profitability if fixed costs or SG&A are reduced and volumes stabilize.
Read all positive factors
Graphex Group Limited (6128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$49.89M
Dividend YieldN/A
Average Volume (3M)4.17M
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-26.77%
EPS Growth-31.52%
CountryHK
Employees217
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.42
Shares Outstanding941,313,350
10 Day Avg. Volume3,343,760
30 Day Avg. Volume4,170,160
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)4.56
Price to Sales (P/S)1.04
P/FCF Ratio-2.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Graphex Group Limited Business Overview & Revenue Model
Company Description
Graphex Group Limited is involved in the creation, production, and distribution of graphene-based products within the People's Republic of China. Its operations are structured into three main divisions: the manufacturing and sale of graphene mater...
Graphex Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 137.56M | 187.85M | 291.93M | 341.24M | 391.04M |
| Gross Profit | 53.34M | 68.31M | 96.82M | 119.96M | 148.34M |
| EBITDA | -52.44M | -51.93M | -38.36M | 33.65M | -5.39M |
| Net Income | -364.64M | -111.44M | -113.17M | -69.66M | -53.55M |
Balance Sheet | |||||
| Total Assets | 541.93M | 809.35M | 847.34M | 894.68M | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 27.31M | 15.57M | 27.21M | 31.50M | 39.37M |
| Total Debt | 223.64M | 240.42M | 233.16M | 308.80M | 530.91M |
| Total Liabilities | 500.64M | 528.99M | 477.70M | 524.83M | 905.89M |
| Stockholders Equity | 31.50M | 280.36M | 369.69M | 380.58M | 197.31M |
Cash Flow | |||||
| Free Cash Flow | -50.98M | -5.46M | -11.89M | 41.56M | -31.15M |
| Operating Cash Flow | -9.79M | -5.31M | -11.16M | 42.38M | -29.40M |
| Investing Cash Flow | -51.40M | -6.62M | 12.12M | -88.82M | 1.33M |
| Financing Cash Flow | 80.28M | 397.00K | -4.26M | 52.38M | 18.59M |
Graphex Group Limited Technical Analysis
Negative
0.21
Price Trends
0.06
Negative
0.06
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
41.86
Neutral
64.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6128, the sentiment is Negative. The current price of 0.21 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.86 is Neutral, neither overbought nor oversold. The STOCH value of 64.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6128.
Graphex Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$412.62B | 15.41 | 29.93% | 1.45% | 8.77% | 60.69% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$3.69B | 21.66 | 4.72% | 6.84% | 57.56% | -70.23% | |
55 Neutral | HK$1.95B | -15.63 | ― | ― | ― | ― | |
53 Neutral | HK$2.00B | 8.79 | -14.35% | ― | -51.79% | ― | |
51 Neutral | HK$328.00M | 57.23 | 1.13% | ― | 7.89% | ― | |
46 Neutral | HK$49.89M | -0.13 | -177.54% | ― | -26.77% | -31.52% |
* Basic Materials Sector Average
HK:6128
Graphex Group Limited
0.05
-0.15
-73.37%
HK:3993
CMOC Group
15.49
7.07
83.97%
HK:0769
China Rare Earth Holdings
0.70
0.00
0.00%
HK:1205
CITIC Resources Holdings
0.47
0.05
13.25%
HK:1091
South Manganese Investment Limited
0.41
0.09
26.56%
HK:2237
China Graphite Group Ltd.
0.21
-0.19
-47.44%
Graphex Group Limited Corporate Events
Graphex Group Clarifies Board Structure and Governance Committees
Jun 30, 2026
Graphex Group Limited has confirmed the current composition of its board of directors, detailing four executive directors, one non-executive director, and three independent non-executive directors. The announcement underscores the company’s ...
Graphex Shareholders Approve All Resolutions at 2026 AGM
Jun 29, 2026
Graphex Group Limited reported that all resolutions put to shareholders at its 29 June 2026 annual general meeting were approved by poll with strong majorities, including the receipt of the 2025 audited financial statements and the re-election of ...
Graphex strengthens board with new independent director appointment
Jun 29, 2026
Graphex Group Limited has appointed Ms. Li Yu as an independent non-executive director effective 30 June 2026, adding her to the audit, nomination and remuneration committees. The move strengthens the company’s governance structure and suppo...
Graphex Group Plans Re-domiciliation From Cayman Islands to Hong Kong
May 4, 2026
Graphex Group Limited plans to change its place of incorporation from the Cayman Islands to Hong Kong under the forthcoming Companies (Amendment) (No. 2) Ordinance 2025. The company will apply to the Hong Kong Companies Registry for re-domiciliati...
Graphex Group Sets 2026 AGM With Director Votes and Share Buyback Mandate
Apr 30, 2026
Graphex Group Limited has called its annual general meeting for 29 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the re-election of two executive directors ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.