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Guorui Properties Ltd (2329) AI Stock Analysis

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HK:2329

Guorui Properties Ltd

(HKEX:2329)

Select Model
Rating:44Neutral
Price Target:HKD 0.09â–²(0.00% Upside)
Action:reiterated
Date:10/24/26

Overall score is weighed down primarily by deteriorating financials (sharp revenue decline, deeply negative margins, higher leverage, and a major 2025 free-cash-flow drop). Technicals are roughly neutral and do not meaningfully offset the fundamental risk, while valuation is constrained by losses (negative P/E) and no provided dividend yield.

Positive Factors
Prior-year operating profitabilityThe return to positive gross profit, EBIT, and EBITDA in 2024 shows the development platform has demonstrated operating earning capacity before the latest deterioration. This provides a tangible base for recovery if project deliveries and sales conditions improve, although recent results remain weak.
Negative Factors
Severe revenue and margin deteriorationThe sharp revenue contraction and deeply negative gross and net margins indicate that current project economics are not supporting stable profitability. Continued losses can erode equity, restrict reinvestment, and make earnings recovery dependent on a substantial improvement in operating performance.

Guorui Properties Ltd (2329) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%HK:2329-27.34%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 413.33M
Dividend Yield
―
Average Volume (3M)
231.35K
Price to Earnings (P/E)
-0.2
Beta (1Y)
1.74
Revenue Growth
-58.34%
EPS Growth
-39.05%
Country
Hong Kong
Employees
319
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Guorui Properties Ltd Business Overview & Revenue Model

Company Description

Glory Health Industry Limited functions as an investment holding company, concentrating its efforts on real estate development within the People's Republic of China. The firm's activities are organized into four principal divisions: Property Developm...

How the Company Makes Money

Guorui Properties Ltd primarily makes money through real estate development activities. Its key revenue stream is generally the sale of developed properties, where revenue is recognized from selling residential and/or commercial units to end buyers....

Guorui Properties Ltd Financial Statement Overview

Summary

Financial performance is very weak: revenue fell ~50% in 2025 vs 2024 and margins turned deeply negative (gross margin ~-34%, net margin ~-175%), leading to a much larger net loss. Leverage is high and rising (debt-to-equity ~2.94x) as equity declines, and cash generation collapsed in 2025 (free cash flow down ~98% YoY), raising liquidity and refinancing risk.

Income Statement

12Very Negative

Balance Sheet

28Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue934.89M1.04B2.71B2.51B3.90B9.90B
Gross Profit-144.08M-308.09M555.56M-50.28M113.52M1.25B
EBITDA-550.15M-719.71M299.44M-145.86M-318.87M588.69M
Net Income-1.92B-1.82B-1.24B-563.97M-912.78M228.33M
Balance Sheet
Total Assets53.91B56.70B57.20B56.35B57.39B61.07B
Cash, Cash Equivalents and Short-Term Investments128.25M138.18M158.10M152.22M189.51M556.87M
Total Debt23.84B23.83B22.79B22.18B21.25B20.95B
Total Liabilities43.58B46.10B44.83B42.57B43.01B45.64B
Stockholders Equity7.78B8.11B9.93B11.17B11.73B12.71B
Cash Flow
Free Cash Flow-265.45M15.19M678.26M452.11M413.47M4.07B
Operating Cash Flow-242.65M36.24M679.53M512.92M606.31M4.35B
Investing Cash Flow-138.55M-861.82M146.72M58.95M-305.41M184.15M
Financing Cash Flow346.83M777.99M-830.50M-627.40M-630.90M-5.65B

Guorui Properties Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.09

Price Trends

50DMA0.10Negative
100DMA0.09Negative
200DMA0.10Negative

Market Momentum

MACD0.00Positive
RSI47.77Neutral
STOCH40.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2329, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 47.77 is Neutral, neither overbought nor oversold. The STOCH value of 40.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2329.

Guorui Properties Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:2329 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:1278HK:127865NeutralHKD 534.94M3.962.70%8.00%29.06%93.48%
HK:1243HK:124348NeutralHKD 410.40M-0.45-32.31%―11.33%6.38%
HK:1813HK:181345NeutralHKD 310.90M-0.07-330.41%―-48.10%-106.59%
HK:2329HK:232944NeutralHKD 413.33M-0.18-24.20%―-58.34%-39.05%
HK:3688HK:368839UnderperformHKD 206.26M-0.08-83.92%―-38.81%-39.14%
HK:1777HK:177738UnderperformHKD 101.78M0.0040.42%―-15.90%-27.09%

* Real Estate Sector Average

Performance Comparison

-75%-50%-25%0%HK:2329HK:1813HK:1777HK:1243HK:1278HK:3688Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2329 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2329Guorui Properties Ltd0.09-0.04-28.46%
HK:1813KWG Group Holdings0.09-0.18-66.30%
HK:1777Fantasia Holdings Group Co. Ltd.0.03-0.41-93.64%
HK:1243Wang On Properties Ltd.0.03-0.01-27.03%
HK:1278China New Town Development Co. Ltd.0.06-0.03-36.78%
HK:3688Top Spring International Holdings Limited0.15-0.28-66.05%

Guorui Properties Ltd Corporate Events

Glory Health Industry Posts Wider Interim Loss Amid Property Market Pressure

Aug 31, 2026

Glory Health Industry Limited reported interim results for the six months ended June 30, 2026, highlighting contracted sales of RMB380.3 million and total revenue of RMB139.54 million, down sharply from the prior year as the rental market remained un...

Glory Health Industry Sets Board Meeting to Review Interim Results and Dividend Plan

Aug 19, 2026

Glory Health Industry Limited has scheduled a board meeting for August 31, 2026 to review and approve the unaudited interim results for the six months ended June 30, 2026. The board will also consider the publication of these results and evaluate whe...

Glory Health Industry Presses Ahead With Restructuring and Asset Sales to Address Audit Disclaimer

Jul 31, 2026

Glory Health Industry Limited has issued a quarterly update on steps it is taking to address a disclaimer of opinion in its latest audited financial statements. The company reports that restructuring negotiations with financial institutions and other...

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.

Date of analysis: Oct 24, 2026