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GDH Guangnan (Holdings) Limited
(1203)
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Rating:62Neutral
Price Target:
HK$0.70
â–Ľ(-14.63% Downside)
Action:Reiterated
Date:07/28/26
The score is driven primarily by fair fundamentals—an improving balance sheet and a meaningful 2025 free-cash-flow rebound—tempered by very thin margins and a 2025 revenue/earnings slowdown. Valuation is a clear positive (low P/E and strong dividend yield), but the technical picture is weak with the price below all major moving averages.
Positive Factors
Improving leverage / manageable balance sheet
Lower leverage and a modestly stronger equity base reduce refinancing and liquidity risk for a cyclical steel-related business. This improves financial flexibility to fund working capital or capex, sustain dividends, and withstand near-term cyclical swings over the next 2–6 months.
Negative Factors
Revenue stalled and declined
A pause and reversal in top-line growth limits operating leverage and the ability to scale fixed-cost absorption. Persistent revenue weakness over several quarters would pressure margins, capex justification and the company's ability to rebuild earnings momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage / manageable balance sheet
Lower leverage and a modestly stronger equity base reduce refinancing and liquidity risk for a cyclical steel-related business. This improves financial flexibility to fund working capital or capex, sustain dividends, and withstand near-term cyclical swings over the next 2–6 months.
Read all positive factors
GDH Guangnan (Holdings) Limited (1203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$599.01M
Dividend Yield5.61%
Average Volume (3M)165.86K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth-18.61%
EPS Growth-131.64%
CountryHK
Employees1,517
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)0.12
Shares Outstanding907,593,260
10 Day Avg. Volume222,720
30 Day Avg. Volume165,860
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.28
Price to Sales (P/S)0.06
P/FCF Ratio4.20
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
GDH Guangnan (Holdings) Limited Business Overview & Revenue Model
Company Description
GDH Guangnan (Holdings) Limited operates as an investment holding company, primarily conducting its business activities across Hong Kong and Mainland China through three core segments. Its Tinplating division is involved in the research, developme...
How the Company Makes Money
null...
GDH Guangnan (Holdings) Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.14B | 11.98B | 10.39B | 8.31B | 4.86B |
| Gross Profit | 543.06M | 509.01M | 568.99M | 558.38M | 463.45M |
| EBITDA | 263.87M | 280.85M | 282.74M | 362.36M | 221.34M |
| Net Income | 111.62M | 140.75M | 65.92M | 135.67M | 54.06M |
Balance Sheet | |||||
| Total Assets | 5.17B | 4.94B | 4.79B | 4.88B | 4.25B |
| Cash, Cash Equivalents and Short-Term Investments | 973.43M | 954.81M | 1.04B | 1.21B | 969.21M |
| Total Debt | 903.78M | 1.01B | 939.65M | 1.02B | 372.97M |
| Total Liabilities | 2.17B | 2.08B | 1.99B | 2.10B | 1.34B |
| Stockholders Equity | 2.71B | 2.59B | 2.57B | 2.57B | 2.68B |
Cash Flow | |||||
| Free Cash Flow | 183.68M | -9.17M | -1.07M | -98.15M | -61.28M |
| Operating Cash Flow | 328.87M | 67.35M | 259.92M | 92.69M | 404.49M |
| Investing Cash Flow | -148.61M | -63.90M | -267.97M | -258.32M | -607.48M |
| Financing Cash Flow | -195.49M | -67.43M | -154.62M | 456.54M | 262.44M |
GDH Guangnan (Holdings) Limited Technical Analysis
Neutral
0.82
Price Trends
0.67
Negative
0.67
Negative
0.74
Negative
Market Momentum
>-0.01
Negative
50.95
Neutral
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1203, the sentiment is Neutral. The current price of 0.82 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.67, and above the 200-day MA of 0.74, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1203.
GDH Guangnan (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | HK$228.52M | 1.65 | 7.82% | 2.39% | -39.70% | -51.97% | |
65 Neutral | HK$650.70M | 5.93 | 7.76% | 8.00% | -35.49% | -32.38% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | HK$599.01M | -11.89 | -1.86% | 5.61% | -18.61% | -131.64% | |
48 Neutral | HK$21.74B | -99.25 | -0.85% | 1.64% | 3.33% | 94.10% | |
44 Neutral | HK$13.75B | -4.03 | -18.85% | 6.49% | -6.57% | -6.67% | |
43 Neutral | HK$21.06B | -3.86 | -11.45% | 0.38% | -1.22% | 8.37% |
* Consumer Defensive Sector Average
HK:1203
GDH Guangnan (Holdings) Limited
0.66
-0.22
-24.83%
HK:0347
Angang Steel Co
1.16
-0.97
-45.54%
HK:0323
Maanshan Iron & Steel Co
1.78
-0.69
-27.85%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.90
-0.42
-31.77%
HK:1553
Maike Tube Industry Holdings Limited
1.50
0.09
6.38%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.23
-0.21
-48.64%
GDH Guangnan (Holdings) Limited Corporate Events
GDH Guangnan flags interim loss on weaker pig and tinplate businesses
Jul 24, 2026
GDH Guangnan (Holdings) Limited has warned that it expects to report an unaudited consolidated loss attributable to equity shareholders of between HK$80 million and HK$90 million for the six months ended 30 June 2026, compared with a profit of HK$...
GDH Guangnan Wins Strong Shareholder Backing for All AGM Resolutions
Jun 22, 2026
Shareholders of GDH Guangnan (Holdings) Limited approved all resolutions at the annual general meeting held on 22 June 2026, including adoption of the 2025 audited accounts and declaration of a final dividend, with all items passed by poll. Invest...
GDH Guangnan Wins Strong Shareholder Backing for 2026 Electricity Agreements
Jun 22, 2026
Independent shareholders of GDH Guangnan (Holdings) have approved a series of Further 2026 Electricity Agreements at an extraordinary general meeting held on 22 June 2026. The resolutions, which cover electricity supply arrangements for Zhongyue a...
GDH Guangnan Calls EGM to Approve 2026 Electricity Agreements
May 29, 2026
GDH Guangnan (Holdings) Limited has called an extraordinary general meeting in Hong Kong on 22 June 2026 to seek shareholder approval for a series of Further 2026 Electricity Agreements. These agreements cover electricity supply arrangements for G...
GDH Guangnan Issues Supplemental AGM Notice, Adds Director Re‑election Resolutions
May 29, 2026
GDH Guangnan (Holdings) Limited has issued a supplemental notice for its annual general meeting scheduled for 22 June 2026 in Wanchai, Hong Kong, updating shareholders on changes to the meeting’s agenda. One previously proposed resolution ha...
GDH Guangnan Updates Board Composition and Governance Roles
May 21, 2026
GDH Guangnan (Holdings) Limited announced that, effective 21 May 2026, its board now comprises seven directors, including executive, non-executive, and independent non-executive members. The board structure confirms Wang Hui as chairman and Long W...
GDH Guangnan Overhauls Leadership with New Chairman and CFO Exit
May 21, 2026
GDH Guangnan (Holdings) Limited has reshaped its senior leadership, appointing Wang Hui as executive director, board chairman, chairman of the nomination committee and authorised representative with effect from 21 May 2026. Wang, a long-time execu...
GDH Guangnan Seeks Approval to Extend Intra-Group Power Supply Deals
Apr 30, 2026
GDH Guangnan (Holdings) Limited has arranged for four of its mainland subsidiaries to continue sourcing electricity from fellow GDH group member GDH Energy Service for the period from 1 July 2026 to 31 December 2026, following the expiry of existi...
GDH Guangnan Swings to Quarterly Loss on Weaker Foodstuffs and Tinplating Margins
Apr 28, 2026
GDH Guangnan (Holdings) Limited reported unaudited first‑quarter 2026 revenue of HK$2.53 billion, down 12% year on year, swinging to a loss attributable to shareholders of HK$8.61 million as operating profit more than halved and total assets...
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.