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Graphex Group Limited (6128) AI Stock Analysis
Graphex Group Limited
(HKEX:6128)
The score is driven primarily by weak financial performance (persistent losses, declining revenue, higher 2025 leverage and reduced equity cushion, and negative recent operating/free cash flow). Technicals add further pressure as the stock trades well below key moving averages with bearish momentum. Valuation provides little support because losses make P/E non-meaningful and no dividend yield is available.
Graphex Group Limited (6128) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 19.77M
- Dividend Yield
- ―
- Average Volume (3M)
- 14.92M
- Price to Earnings (P/E)
- -0.1
- Beta (1Y)
- 0.38
- Revenue Growth
- -20.14%
- EPS Growth
- -84.86%
- Country
- Hong Kong
- Employees
- 243
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
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 material...
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. Dependin...
Graphex Group Limited Financial Statement Overview
Summary
Financial performance is very weak: the company has persistent net losses (2020–2025) with negative EBIT/EBITDA, declining revenue including a sharper drop in 2025, and deteriorating net margin. Balance-sheet risk rose materially in 2025 as equity fell and leverage spiked (debt-to-equity ~7.1x). Cash flow is inconsistent with negative operating and free cash flow in the latest year, increasing funding/liquidity risk.
Income Statement
18Very NegativeBalance Sheet
20Very NegativeCash Flow
24Negative| 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 | -70.54M | -52.44M | -51.93M | -37.77M | 33.65M | 8.31M |
| 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 | -60.31M | -50.98M | -5.46M | -11.89M | 41.56M | -31.15M |
| Operating Cash Flow | -19.12M | -9.79M | -5.31M | -11.16M | 42.38M | -29.40M |
| Investing Cash Flow | -44.56M | -51.40M | -6.62M | 12.12M | -88.82M | 1.33M |
| Financing Cash Flow | 65.40M | 80.28M | 397.00K | -4.26M | 52.38M | 18.59M |
Graphex Group Limited Technical Analysis
Price Trends
Market Momentum
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 0.02 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 0.08, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 21.79 is Positive, neither overbought nor oversold. The STOCH value of 5.13 is Positive, 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
Overall Rating
HK:399366.4Neutral
HK:120554Neutral
HK:109153Neutral
HK:076944Neutral
HK:223742Neutral- HK:612839.4Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3993 | 66Neutral | HKD 329.39B | 9.68 | 32.65% | 3.54% | 38.53% | 62.42% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1205 | 54Neutral | HKD 3.46B | 11.37 | 3.35% | 5.91% | -28.69% | -17.80% |
| HK:1091 | 53Neutral | HKD 2.28B | 5.38 | 11.28% | ― | -32.45% | ― |
| HK:0769 | 44Neutral | HKD 1.95B | -15.63 | -5.27% | ― | ― | ― |
| HK:2237 | 42Neutral | HKD 256.00M | 30.86 | 1.58% | ― | 2.31% | ― |
| HK:6128 | 39Underperform | HKD 23.72M | -0.05 | -1613.43% | ― | -20.14% | -84.86% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6128 | Graphex Group Limited | 0.02 | -0.29 | -93.33% | |
| HK:3993 | CMOC Group | 12.32 | -3.56 | -22.42% | |
| HK:0769 | China Rare Earth Holdings | 0.70 | 0.00 | 0.00% | |
| HK:1205 | CITIC Resources Holdings | 0.44 | 0.08 | 22.22% | |
| HK:1091 | South Manganese Investment Limited | 0.39 | -0.05 | -11.49% | |
| HK:2237 | China Graphite Group Ltd. | 0.16 | -0.23 | -58.97% |
Graphex Group Limited Corporate Events
Graphex Group Raises HK$8.9 Million in Share Placing to Fund Operating and ADS Exit Costs
Graphex Group Limited has completed a placing of 188,260,000 new shares under its general mandate at HK$0.050 per share, raising net proceeds of about HK$8.9 million. The shares were placed with at least six independent investors, none of whom became...
Graphex Group Corrects Share Placing Data and Updates Ownership Impact
Graphex Group Limited has issued a clarification and supplemental announcement regarding its previously disclosed placing of new shares under a general mandate. The company corrected an earlier clerical error in the stated average closing price of it...
Graphex Group Plans HK$9.4 Million Share Placing to Bolster Working Capital
Graphex Group Limited has agreed to place up to 188,260,000 new shares under its existing general mandate through Cheong Lee Securities Limited, at HK$0.050 per share to at least six independent investors. The placing price represents a small discoun...
Graphex Wins Shareholder Approval to Shift Domicile from Cayman Islands to Hong Kong
Shareholders of Graphex Group Limited have unanimously approved a special resolution to change the company’s domicile from the Cayman Islands to Hong Kong, aligning its corporate structure more closely with the jurisdiction of its stock exchang...
Graphex Group Swings to Interim Loss Despite Stable Revenue
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 to H...
Graphex Group Seeks Shareholder Approval to Move Domicile to Hong Kong
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 consents,...
Graphex’s EcoFlux Battery Material Wins Prestigious 2026 R&D 100 Award
Graphex Group Limited announced that its EcoFlux graphite anode technology has won a 2026 R&D 100 Award, a global recognition often described as the “Oscars of Invention” for technologically significant products. The award underscores...
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 31, 2026