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Graphex Group Limited
(6128)
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Rating:42Neutral
Price Target:
HK$0.05
▲(2.00% Upside)
Action:Reiterated
Date:08/30/26
The score is held down primarily by very weak financial performance (persistent losses, declining revenue, higher 2025 leverage, and pressured/negative cash flows). Technicals add a modest additional drag given negative MACD and the stock sitting far below the 200-day moving average. Valuation does not offset these risks because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Resilient Gross Margin
The ability to maintain a broadly resilient gross margin indicates that product economics have not fully deteriorated despite falling revenue. This provides a potential base for recovery if volumes, processing efficiency, or operating costs improve.
Negative Factors
Persistent Losses and Revenue Decline
Multi-year losses combined with sustained revenue contraction indicate that the business has not yet demonstrated a durable path to profitable growth. The sharper 2025 decline also raises concern that operating leverage and earnings quality may remain weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Gross Margin
The ability to maintain a broadly resilient gross margin indicates that product economics have not fully deteriorated despite falling revenue. This provides a potential base for recovery if volumes, processing efficiency, or operating costs improve.
Read all positive factors
Graphex Group Limited (6128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$49.89M
Dividend Yield2.61%
Average Volume (3M)2.14M
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-20.14%
EPS Growth-84.86%
CountryHK
Employees217
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.40
Shares Outstanding941,313,350
10 Day Avg. Volume977,440
30 Day Avg. Volume2,135,696
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)4.56
Price to Sales (P/S)1.04
P/FCF Ratio-2.82
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
Graphex Group Limited Business Overview & Revenue Model
Company Description
Graphex Group Limited is involved in the creation, production, and distribution of graphene-based products within the People's Republic of China. Its operations are structured into three main divisions: the manufacturing and sale of graphene mater...
How the Company Makes Money
Graphex Group Limited primarily makes money by selling graphite-related products (and, where applicable, graphene/graphite-derived materials) to customers, generating revenue from product sales tied to volumes delivered and contract pricing. Depen...
Graphex Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 136.51M | 137.56M | 187.85M | 291.93M | 341.24M | 391.04M |
| Gross Profit | 38.11M | 53.34M | 68.31M | 96.82M | 119.96M | 148.34M |
| EBITDA | -68.26M | -52.44M | -51.93M | -38.36M | 33.65M | -5.39M |
| Net Income | -375.90M | -364.64M | -111.44M | -113.17M | -69.66M | -53.55M |
Balance Sheet | ||||||
| Total Assets | 557.78M | 541.93M | 809.35M | 847.34M | 894.68M | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 19.45M | 27.31M | 15.57M | 27.21M | 31.50M | 39.37M |
| Total Debt | 211.65M | 223.64M | 240.42M | 233.16M | 308.80M | 530.91M |
| Total Liabilities | 533.02M | 500.64M | 528.99M | 477.70M | 524.83M | 905.89M |
| Stockholders Equity | 15.09M | 31.50M | 280.36M | 369.69M | 380.58M | 197.31M |
Cash Flow | ||||||
| Free Cash Flow | -50.98M | -50.98M | -5.46M | -11.89M | 41.56M | -31.15M |
| Operating Cash Flow | -9.79M | -9.79M | -5.31M | -11.16M | 42.38M | -29.40M |
| Investing Cash Flow | -51.40M | -51.40M | -6.62M | 12.12M | -88.82M | 1.33M |
| Financing Cash Flow | 80.28M | 80.28M | 397.00K | -4.26M | 52.38M | 18.59M |
Graphex Group Limited Technical Analysis
Negative
0.05
Price Trends
0.05
Negative
0.05
Negative
0.12
Negative
Market Momentum
<0.01
Negative
44.62
Neutral
109.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6128, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 109.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6128.
Graphex Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$459.68B | 14.62 | 31.60% | 2.52% | 25.06% | 72.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | HK$324.80M | 38.32 | 1.58% | 0.90% | 2.31% | ― | |
49 Neutral | HK$4.05B | 13.18 | 3.35% | 5.05% | -28.69% | -17.80% | |
46 Neutral | HK$2.22B | 5.31 | 11.28% | 2.44% | -32.45% | ― | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | 0.99% | ― | ― | |
42 Neutral | HK$49.89M | -0.14 | -1613.43% | 2.61% | -20.14% | -84.86% |
* Basic Materials Sector Average
HK:6128
Graphex Group Limited
0.06
-0.17
-74.77%
HK:3993
CMOC Group
17.34
4.95
40.00%
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China Rare Earth Holdings
0.70
0.00
0.00%
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CITIC Resources Holdings
0.51
0.12
30.77%
HK:1091
South Manganese Investment Limited
0.38
-0.06
-13.64%
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China Graphite Group Ltd.
0.20
-0.16
-44.51%
Graphex Group Limited Corporate Events
Graphex Group Swings to Interim Loss Despite Stable Revenue
Aug 28, 2026
Graphex Group Limited, a diversified player in graphene products, landscape architecture, and electric vehicle-related activities, reported largely stable revenue for the six months ended 30 June 2026, with total sales slipping 1.4% year-on-year t...
Graphex Group Seeks Shareholder Approval to Move Domicile to Hong Kong
Aug 13, 2026
Graphex Group Limited has called an extraordinary general meeting for 4 September 2026 in Hong Kong to seek shareholder approval for a change of domicile from the Cayman Islands to Hong Kong. Subject to necessary governmental and regulatory consen...
Graphex’s EcoFlux Battery Material Wins Prestigious 2026 R&D 100 Award
Aug 10, 2026
Graphex Group Limited announced that its EcoFlux graphite anode technology has won a 2026 RD 100 Award, a global recognition often described as the “Oscars of Invention” for technologically significant products. The award underscores t...
Graphex Group Sets August Board Meeting to Review Interim Results and Dividend Plan
Jul 27, 2026
Graphex Group Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The directors will also consider whether to declare an interim dividend, signaling po...
Graphex Group Clarifies Board Structure and Governance Committees
Jun 30, 2026
Graphex Group Limited has confirmed the current composition of its board of directors, detailing four executive directors, one non-executive director, and three independent non-executive directors. The announcement underscores the company’s ...
Graphex Shareholders Approve All Resolutions at 2026 AGM
Jun 29, 2026
Graphex Group Limited reported that all resolutions put to shareholders at its 29 June 2026 annual general meeting were approved by poll with strong majorities, including the receipt of the 2025 audited financial statements and the re-election of ...
Graphex strengthens board with new independent director appointment
Jun 29, 2026
Graphex Group Limited has appointed Ms. Li Yu as an independent non-executive director effective 30 June 2026, adding her to the audit, nomination and remuneration committees. The move strengthens the company’s governance structure and suppo...
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.