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Great Harvest Maeta Holdings Limited (3683) AI Stock Analysis

HK:3683

Great Harvest Maeta Holdings Limited

(HKEX:3683)

Select Model
Rating:40Underperform
Price Target:HKD 0.02â–¼(-12.50% Downside)
Action:downgraded
Date:10/27/26

The score is driven primarily by very weak financial performance—multi-year losses, shrinking equity with extremely high leverage, and deteriorating operating/free cash flow in the latest year. Technical indicators reinforce the downside risk, with the stock trading below all major moving averages and negative MACD alongside extremely oversold momentum. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors
Historical Operating Cash GenerationOperating cash flow was positive from 2021 through 2025, indicating the shipping business had previously converted operations into cash over an extended period. That historical cash-generation base is a useful fundamental strength, although its durability now depends on restoring positive cash flow in 2026.
Negative Factors
Persistent Losses and Revenue DeclineThe company combines material revenue contraction with deeply negative operating and net margins across 2023–2026. Persistent losses weaken reinvestment capacity, reduce resilience in a cyclical shipping market, and make a durable earnings recovery dependent on reversing both declining sales and poor profitability.

Great Harvest Maeta Holdings Limited (3683) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:3683-73.91%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 20.96M
Dividend Yield
―
Average Volume (3M)
2.36M
Price to Earnings (P/E)
-0.5
Beta (1Y)
-0.15
Revenue Growth
-72.88%
EPS Growth
41.58%
Country
Hong Kong
Employees
35
Sector
General
Sector Strength
55
Industry
Marine Shipping

Great Harvest Maeta Holdings Limited Financial Statement Overview

Summary

Financial performance is very weak: revenue declined materially (about -20% in 2026), profitability remains deeply negative across 2023–2026, leverage is extreme (debt-to-equity around ~18x in 2026 as equity eroded), and cash generation deteriorated with negative operating cash flow in 2026 and negative free cash flow in 2025–2026.

Income Statement

18Very Negative

Balance Sheet

9Very Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue3.81M3.79M14.04M13.45M18.23M21.56M
Gross Profit392.35K388.36K-1.10M510.00K2.05M10.57M
EBITDA-473.40K-474.00K-2.23M4.63M-3.44M31.25M
Net Income-5.85M-6.02M-10.38M-7.13M-17.09M24.72M
Balance Sheet
Total Assets94.93M94.93M92.74M115.21M132.99M153.73M
Cash, Cash Equivalents and Short-Term Investments1.39M1.39M167.00K1.10M2.06M2.88M
Total Debt60.79M60.79M57.08M63.07M72.49M74.51M
Total Liabilities87.07M87.07M81.92M92.75M102.25M102.00M
Stockholders Equity3.29M3.29M6.52M18.05M26.51M47.14M
Cash Flow
Free Cash Flow-1.01M-1.01M-42.00K2.19M4.47M10.37M
Operating Cash Flow-123.59K-123.48K1.43M2.86M6.12M12.06M
Investing Cash Flow3.62M3.59M4.49M10.33M-1.55M-1.77M
Financing Cash Flow-2.26M-2.24M-6.81M-14.18M-5.21M-7.82M

Great Harvest Maeta Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.03Negative
100DMA0.04Negative
200DMA0.06Negative

Market Momentum

MACD-0.00Positive
RSI9.89Positive
STOCH0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3683, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 9.89 is Positive, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3683.

Great Harvest Maeta Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:3683 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2682HK:268273OutperformHKD 150.00M7.696.90%6.67%6.33%-1.52%
HK:1719HK:171957NeutralHKD 431.27M17.453.01%―1.32%41.18%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
HK:0560HK:056055NeutralHKD 650.28M10.491.90%4.31%-4.13%-19.03%
HK:0137HK:013752NeutralHKD 318.17M51.310.36%―-13.06%-92.88%
HK:0351HK:035145NeutralHKD 498.74M-33.33-11.24%―-15.15%34.48%
HK:3683HK:368340UnderperformHKD 22.86M-0.48-157.76%―-72.88%41.58%

* General Sector Average

Performance Comparison

-75%-50%-25%0%25%HK:3683HK:0137HK:0560HK:0351HK:1719HK:2682Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3683 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3683Great Harvest Maeta Holdings Limited0.02-0.07-74.47%
HK:0137Jinhui Holdings Co. Ltd.0.60-0.07-10.45%
HK:0560Chu Kong Shipping Enterprises (Group) Co. Ltd.0.58-0.17-22.67%
HK:0351Asia Energy Logistics Group Limited0.25-0.05-18.03%
HK:1719China Infrastructure & Logistics Group Ltd.0.25-0.08-24.24%
HK:2682Yun Lee Marine Group Holdings Limited0.150.0214.50%

Great Harvest Maeta Holdings Limited Corporate Events

Great Harvest Maeta Wins Unanimous Shareholder Backing at 2026 AGM

Aug 26, 2026

Great Harvest Maeta Holdings Limited reported that all ordinary resolutions at its 26 August 2026 annual general meeting were approved by shareholders via poll, including adoption of the audited consolidated financial statements for the year ended 31...

Great Harvest Maeta Moves to Fix Auditor Disclaimer Through Debt Talks and New Funding

Aug 26, 2026

Great Harvest Maeta Holdings Limited has outlined a series of measures to resolve a disclaimer of opinion raised in its annual report for the year ended 31 March 2026, centering on improving the Group’s financial position and liquidity. The boa...

Great Harvest Maeta Details Audit Fee Basis Ahead of RCHK Reappointment

Aug 11, 2026

Great Harvest Maeta Holdings Limited issued a supplemental announcement to its annual general meeting circular, confirming that its current independent auditor, RCHK, will retire at the meeting but is standing for reappointment. The company detailed...

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 27, 2026