Gain Plus Holdings Limited (9900) AI Stock Analysis

• Market Cap: HK$12.80B
• Dividend Yield: N/A
• Average Volume (3M): 5.25M
• Price to Earnings (P/E): 413.5
• Beta (1Y): -0.59
• Revenue Growth: 10.80%
• EPS Growth: 11.83%
• Country: HK
• Employees: 398
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 2,976,000,000
• 10 Day Avg. Volume: 4,727,200
• 30 Day Avg. Volume: 5,252,666
• PEG Ratio: 1.72
• Price to Book (P/B): 2.17
• Price to Sales (P/S): 0.50
• P/FCF Ratio: 39.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: HK$4.00 ▲(8.11% Upside)

Gain Plus Holdings Limited exhibits a strong financial foundation and positive technical momentum, which are significant strengths. However, the extremely high P/E ratio raises concerns about overvaluation, impacting the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.

Gain Plus Holdings Limited Business Overview & Revenue Model

Company Description

Hong Kong Zcloud Technology Construction Ltd. is an investment company, which engages in the provision of building construction services. It also include repair, maintenance, addition, and alteration services. The company was founded by Chiu Kwan Tsang and Man Ping Tsang in 2004 and is headquartered in Hong Kong.

How the Company Makes Money

Gain Plus Holdings Limited generates revenue through several key streams. Primarily, the company earns income from its financial services division, which includes asset management and investment advisory services. They charge management and performance fees based on the assets under management and the performance of the investments. Additionally, revenue is generated from property investments through rental income from commercial and residential properties they own. The trading segment contributes to earnings by engaging in the wholesale and distribution of consumer goods, leveraging partnerships with suppliers and retailers. Strategic partnerships with financial institutions and other businesses enhance their market reach and create opportunities for joint ventures and collaborative projects, further contributing to their overall revenue.

Gain Plus Holdings Limited Financial Statement Overview

Summary

Gain Plus Holdings Limited demonstrates a solid financial position with strong balance sheet metrics and improving cash flow performance. Despite a recent revenue decline, profitability remains stable. The company is well-positioned with low leverage and effective capital management, though it faces challenges in sustaining revenue growth and improving gross margins.

Income Statement

Gain Plus Holdings Limited has shown fluctuating revenue growth with a recent decline of 1.1% in the latest year. The gross profit margin has decreased over time, currently at 4.9%, indicating pressure on cost management. However, the company maintains a stable net profit margin of 2.4%, suggesting consistent profitability. The EBIT and EBITDA margins have improved slightly, reflecting operational efficiency gains.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.0057, indicating minimal leverage and financial risk. Return on equity is healthy at 10.5%, demonstrating effective use of equity capital. The equity ratio stands at 68.9%, highlighting a strong equity base relative to total assets.

Cash Flow

Cash flow performance has improved with a significant free cash flow growth of 35.7%. The operating cash flow to net income ratio is 0.12, indicating moderate cash generation from operations. The free cash flow to net income ratio is 1.0, showing that the company effectively converts net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.28B	1.28B	1.15B	1.21B	1.06B	951.25M
Gross Profit	62.72M	62.72M	60.05M	84.66M	54.71M	60.53M
EBITDA	42.03M	42.03M	27.35M	69.34M	20.96M	41.51M
Net Income	31.05M	31.05M	27.70M	56.76M	13.32M	34.07M
Balance Sheet
Total Assets	430.27M	430.27M	351.67M	368.24M	323.97M	293.97M
Cash, Cash Equivalents and Short-Term Investments	165.88M	165.88M	140.12M	202.58M	81.77M	61.84M
Total Debt	1.68M	1.68M	284.00K	0.00	3.97M	7.26M
Total Liabilities	131.24M	131.24M	81.70M	80.10M	92.51M	75.84M
Stockholders Equity	296.75M	296.75M	265.69M	288.21M	231.45M	218.13M
Cash Flow
Free Cash Flow	16.21M	16.21M	-23.14M	130.14M	36.17M	-9.90M
Operating Cash Flow	16.21M	16.21M	-20.34M	131.58M	39.06M	-9.76M
Investing Cash Flow	-260.00K	-260.00K	8.04M	2.70M	-39.25M	5.00K
Financing Cash Flow	-6.29M	-6.29M	-50.51M	-3.98M	-4.01M	-1.83M

Gain Plus Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9900, the sentiment is Neutral. The current price of 3.7 is below the 20-day moving average (MA) of 3.85, above the 50-day MA of 2.97, and above the 200-day MA of 1.91, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 37.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9900.

Gain Plus Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	―	HK$2.60B	5.85	40.30%	3.65%	-3.41%	-9.72%
0830	―	HK$2.71B	5.57	16.54%	6.61%	-22.53%	-30.02%
2355	―	€2.11B	11.09	1.40%	3.13%	-27.65%	-68.36%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9900	―	HK$12.80B	413.46	11.04%	―	10.80%	11.83%
9913	―	HK$2.42B	104.03	-1.65%	―	-8.08%	-127.40%
1271	―	HK$1.29B	-4.43	-10.29%	―	115.09%	-197.81%

Gain Plus Holdings Limited Corporate Events

Hong Kong ZCloud Technology Construction Limited Announces Unanimous Approval of AGM Resolutions

Hong Kong ZCloud Technology Construction Limited, a company listed on the Hong Kong Stock Exchange, held its Annual General Meeting (AGM) on August 28, 2025. During the AGM, all proposed resolutions were passed unanimously by shareholders, including the re-election of directors and the re-appointment of Deloitte Touche Tohmatsu as independent auditor. The meeting also granted the board general mandates to issue and repurchase shares, reflecting strong shareholder support and potentially enhancing the company’s strategic flexibility.

The most recent analyst rating on (HK:9900) stock is a Hold with a HK$15.00 price target. To see the full list of analyst forecasts on Gain Plus Holdings Limited stock, see the HK:9900 Stock Forecast page.

Hong Kong ZCloud Approves Share Subdivision to Enhance Liquidity

Hong Kong ZCloud Technology Construction Limited announced that its shareholders approved a share subdivision during an Extraordinary General Meeting held on August 15, 2025. The share subdivision, which will split each existing share into eight subdivided shares, is set to become effective on August 19, 2025. This move is expected to enhance the liquidity of the company’s shares, potentially making them more attractive to investors.

Hong Kong ZCloud Technology Construction Limited Announces Annual General Meeting

Hong Kong ZCloud Technology Construction Limited has announced its upcoming annual general meeting, where key resolutions will be discussed, including the adoption of financial statements and the re-election of directors. The meeting will also address the re-appointment of Deloitte Touche Tohmatsu as the company’s independent auditor and authorize the board to manage director remuneration. Additionally, the company seeks approval to issue additional shares, which could impact its market positioning and shareholder value.