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GDH Guangnan (Holdings) Limited
(1203)
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Rating:56Neutral
Price Target:
HK$0.65
â–¼(-20.85% Downside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by fair financial performance—improving leverage and a strong 2025 cash-flow rebound—offset by very thin margins and slowing revenue. Technicals are the main drag due to a clear downtrend and weak momentum signals, while valuation is mixed with an attractive dividend yield but a negative P/E reflecting unstable earnings.
Positive Factors
Manageable leverage
Improving leverage and steadily growing assets provide a more resilient financial base for the operating subsidiaries. Lower debt relative to equity can preserve flexibility for working capital, production needs, and investment while reducing balance-sheet pressure during weaker demand.
Negative Factors
Very thin profitability
A net margin of roughly 0.9% leaves limited room to absorb adverse changes in selling prices, product mix, or operating costs. Thin and inconsistent profitability also makes earnings less durable and restricts the cash that can be reinvested in growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Improving leverage and steadily growing assets provide a more resilient financial base for the operating subsidiaries. Lower debt relative to equity can preserve flexibility for working capital, production needs, and investment while reducing balance-sheet pressure during weaker demand.
Read all positive factors
GDH Guangnan (Holdings) Limited (1203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$567.25M
Dividend Yield5.92%
Average Volume (3M)41.94K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-18.61%
EPS Growth-131.64%
CountryHK
Employees1,486
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)-0.06
Shares Outstanding907,593,260
10 Day Avg. Volume69,220
30 Day Avg. Volume41,939
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
The company makes money mainly by selling manufactured consumer goods—primarily enamelled household and kitchenware—through its operating subsidiaries. Revenue is generated when the group produces enamelware (and related items) and sells them to c...
GDH Guangnan (Holdings) Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.29B | 12.14B | 11.98B | 10.39B | 8.31B | 4.86B |
| Gross Profit | 446.98M | 543.06M | 509.01M | 568.99M | 558.38M | 463.45M |
| EBITDA | 253.47M | 291.02M | 313.46M | 282.74M | 362.36M | 221.34M |
| Net Income | -50.38M | 111.62M | 140.75M | 65.92M | 135.67M | 54.06M |
Balance Sheet | ||||||
| Total Assets | 4.61B | 5.17B | 4.94B | 4.79B | 4.88B | 4.25B |
| Cash, Cash Equivalents and Short-Term Investments | 716.11M | 973.43M | 954.81M | 1.04B | 1.21B | 969.21M |
| Total Debt | 750.03M | 903.78M | 1.01B | 939.65M | 1.02B | 372.97M |
| Total Liabilities | 1.60B | 2.17B | 2.08B | 1.99B | 2.10B | 1.34B |
| Stockholders Equity | 2.71B | 2.71B | 2.59B | 2.57B | 2.57B | 2.68B |
Cash Flow | ||||||
| Free Cash Flow | 207.07M | 183.68M | -9.17M | -1.07M | -98.15M | -61.28M |
| Operating Cash Flow | 440.82M | 328.87M | 67.35M | 259.92M | 92.69M | 404.49M |
| Investing Cash Flow | -217.90M | -148.61M | -63.90M | -267.97M | -258.32M | -607.48M |
| Financing Cash Flow | -413.12M | -195.49M | -67.43M | -154.62M | 456.54M | 262.44M |
GDH Guangnan (Holdings) Limited Technical Analysis
Negative
0.82
Price Trends
0.65
Negative
0.66
Negative
0.71
Negative
Market Momentum
>-0.01
Positive
29.97
Positive
60.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1203, the sentiment is Negative. The current price of 0.82 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.65, and above the 200-day MA of 0.71, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.97 is Positive, neither overbought nor oversold. The STOCH value of 60.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$687.57M | 6.21 | 7.76% | 7.57% | -35.49% | -32.38% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$172.91M | 1.24 | 7.82% | 2.39% | -39.70% | -51.97% | |
56 Neutral | HK$567.25M | -11.26 | -1.86% | 5.92% | -18.61% | -131.64% | |
48 Neutral | HK$18.12B | -84.91 | -0.85% | 1.64% | 3.33% | 94.10% | |
45 Neutral | HK$19.12B | -3.52 | -11.45% | 0.38% | -1.22% | 8.37% | |
44 Neutral | HK$12.71B | -3.71 | -18.85% | 6.49% | -6.57% | -6.67% |
* Consumer Defensive Sector Average
HK:1203
GDH Guangnan (Holdings) Limited
0.64
-0.23
-26.42%
HK:0347
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1.00
-1.03
-50.99%
HK:0323
Maanshan Iron & Steel Co
1.32
-1.23
-48.24%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.79
-0.57
-41.91%
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Maike Tube Industry Holdings Limited
1.42
-0.03
-2.07%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
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-0.13
-44.00%
GDH Guangnan (Holdings) Limited Corporate Events
GDH Guangnan Swings to Loss as Foodstuffs Business Hit by Price Declines and Credit Charges
Oct 28, 2026
GDH Guangnan (Holdings) Limited reported unaudited consolidated revenue of HK$5,277 million for the first nine months of 2026, down 44% year-on-year, and swung to a loss attributable to equity shareholders of HK$162 million from a HK$109 million p...
GDH Guangnan Sets Board Meeting to Approve Nine-Month Results
Oct 14, 2026
GDH Guangnan (Holdings) Limited has scheduled a board meeting for 28 October 2026 to review and approve the unaudited quarterly results for the nine months ended 30 September 2026. The announcement signals the forthcoming disclosure of the group&#...
GDH Guangnan flags swing to loss on pig market slump and tinplate pressures
Oct 9, 2026
GDH Guangnan (Holdings) Limited operates across pig farming and trading, live pig supply, tinplating and fresh and live foodstuffs, serving both Hong Kong and Mainland China markets. The conglomerate’s mix of agribusiness and industrial oper...
GDH Guangnan Swings to Interim Loss as Revenue and Margins Slide
Aug 28, 2026
GDH Guangnan (Holdings) Limited reported a sharp downturn in its first-half 2026 performance, with revenue falling 30% year on year to HK$4.23 billion and profit from operations plunging 71% to HK$34.37 million. The group swung to a loss attributa...
GDH Guangnan reshuffles company secretary and authorised representative roles
Aug 28, 2026
GDH Guangnan (Holdings) Limited has announced a change in its corporate governance team, with company secretary and authorised representative Chau Wang Kei resigning effective after the board meeting on 28 August 2026. Chau has confirmed there is ...
GDH Guangnan Schedules Board Meeting to Approve 2026 Interim Results
Aug 17, 2026
GDH Guangnan (Holdings) Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results of the company and its subsidiaries for the six months ended 30 June 2026. The board will also consider the declaration of a...
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.