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JY Grandmark Holdings Limited
(2231)
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Rating:40Underperform
Price Target:
HK$0.01
▼(-87.50% Downside)
Action:Downgraded
Date:10/16/26
The score is driven primarily by very weak financial fundamentals—sharp revenue decline, deeply negative profitability, and balance-sheet stress from negative equity and high debt. Technicals add further downside risk, with the price well below key moving averages and weak momentum readings. Valuation provides limited support because the negative P/E is not meaningful and no dividend yield is available.
Positive Factors
Positive 2025 Cash Flow
Positive operating and free cash flow in 2025 provides some support despite reported losses. If maintained, internal cash generation could help fund operations and reduce reliance on external financing, although the record remains uneven.
Negative Factors
Sharp Revenue and Profitability Decline
The steep revenue contraction and deeply negative margins indicate that the current business model is not converting its operations into earnings. Continued losses could weaken reinvestment capacity and make recovery dependent on a material improvement in performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive 2025 Cash Flow
Positive operating and free cash flow in 2025 provides some support despite reported losses. If maintained, internal cash generation could help fund operations and reduce reliance on external financing, although the record remains uneven.
Read all positive factors
JY Grandmark Holdings Limited (2231) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$18.11M
Dividend Yield3.24%
Average Volume (3M)8.69M
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-82.79%
EPS Growth-118.63%
CountryHK
Employees222
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.28
Shares Outstanding1,646,173,100
10 Day Avg. Volume6,565,800
30 Day Avg. Volume8,689,900
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.20
Price to Sales (P/S)0.23
P/FCF Ratio6.22
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
JY Grandmark Holdings Limited Business Overview & Revenue Model
Company Description
Headquartered in Guangzhou, People's Republic of China, JY Grandmark Holdings Limited is an investment holding company primarily focused on real estate development throughout the country. Established in 2013, its diverse operations span four key a...
How the Company Makes Money
null...
JY Grandmark Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 258.25M | 559.12M | 3.43B | 513.46M | 513.31M | 2.04B |
| Gross Profit | -155.66M | -126.39M | 500.49M | -1.62B | 73.61M | 583.23M |
| EBITDA | -341.30M | -316.07M | 1.41M | -1.95B | -820.33M | 335.39M |
| Net Income | -473.32M | -408.90M | -344.10M | -1.84B | -721.86M | 216.45M |
Balance Sheet | ||||||
| Total Assets | 6.00B | 6.22B | 6.97B | 10.30B | 12.49B | 13.93B |
| Cash, Cash Equivalents and Short-Term Investments | 61.58M | 72.35M | 21.18M | 125.01M | 187.03M | 1.03B |
| Total Debt | 3.56B | 3.52B | 3.33B | 3.27B | 3.69B | 4.56B |
| Total Liabilities | 5.52B | 5.57B | 5.85B | 8.75B | 8.77B | 9.15B |
| Stockholders Equity | -790.85M | -668.43M | -313.44M | 392.41M | 2.25B | 3.11B |
Cash Flow | ||||||
| Free Cash Flow | -94.03M | 21.01M | -105.20M | 371.17M | 469.41M | -1.72B |
| Operating Cash Flow | -94.31M | 21.35M | -105.08M | 372.06M | 471.14M | -1.72B |
| Investing Cash Flow | -36.07M | 18.77M | 103.13M | 254.29M | -96.26M | -23.36M |
| Financing Cash Flow | 22.69M | -40.56M | -102.57M | -692.11M | -1.24B | 745.57M |
JY Grandmark Holdings Limited Technical Analysis
Negative
0.08
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
15.58
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2231, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 15.58 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2231.
JY Grandmark Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
47 Neutral | HK$39.20M | -4.36 | -2.73% | ― | 9.42% | 65.89% | |
43 Neutral | HK$36.42M | -0.72 | -13.13% | ― | 21.98% | 84.38% | |
42 Neutral | HK$52.56M | -0.29 | -29.42% | 4.29% | -30.97% | 48.96% | |
41 Neutral | HK$69.88M | >-0.01 | 60.28% | 3.34% | -56.20% | -81.98% | |
40 Underperform | HK$18.11M | -0.03 | 64.87% | 3.24% | -82.79% | -118.63% |
* Real Estate Sector Average
HK:2231
JY Grandmark Holdings Limited
0.01
-0.17
-93.96%
HK:6158
Zhenro Properties Group Limited
0.02
-0.02
-56.76%
HK:1064
Zhong Hua International Holdings Limited
0.05
-0.03
-37.04%
HK:2088
Xiwang Property Holdings Co., Ltd.
0.04
0.00
0.00%
HK:0755
Shanghai Zendai Property Ltd.
0.20
-0.17
-44.86%
HK:2288
Rykadan Capital Ltd.
0.14
-0.02
-10.26%
JY Grandmark Holdings Limited Corporate Events
JY Grandmark Warns of Mounting Loan Defaults and Weak Sales in 2026 Update
Oct 16, 2026
JY Grandmark Holdings Limited has reported that as of 30 September 2026, it carried total bank and other borrowings of about RMB3,098 million, with approximately RMB2,898 million classified as in default. Several group entities, including indirect...
JY Grandmark Warns of Litigation Strain as It Chases Debt-Reduction Goals
Sep 22, 2026
JY Grandmark Holdings Limited has provided a supplemental update on its financial position and litigation exposure linked to a prior disclaimer of opinion in its 2025 annual report. The group has repaid about RMB11.25 million in borrowings between...
JY Grandmark’s Former Holding Company Placed in Liquidation as Ownership Structure Shifts
Sep 1, 2026
JY Grandmark Holdings Limited announced that the Eastern Caribbean Supreme Court has appointed joint liquidators from Ernst Young to wind up Sze Ming Limited, a British Virgin Islands entity that previously held more than 50% of its shares. As Sz...
JY Grandmark Posts Wider Interim Loss Amid Slumping Revenue and Rising Finance Costs
Aug 27, 2026
JY Grandmark Holdings Limited, a Hong Kong-listed property developer incorporated in the Cayman Islands, derives most of its income from the sale and development of residential real estate in mainland China. Its operations are closely tied to tren...
JY Grandmark Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 17, 2026
JY Grandmark Holdings Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signaling potentia...
JY Grandmark Warns of Mounting Default Risks Amid Stalled Debt Talks
Aug 14, 2026
JY Grandmark Holdings Limited has provided a July 2026 update on efforts to resolve the disclaimer of opinion issued by its auditor on the 2025 consolidated financial statements, which stemmed from significant uncertainties over the group’s ...
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.