GRFXYOTCElectrical Industrial ApparatusUS GAAP · USD

Graphex Group Ltd

Graphex Group Ltd is a Hong Kong-based industrial group with operations centered on graphene products and landscape architecture services. The company is listed on the Hong Kong Stock Exchange and also has ADSs traded in the United States through the OTC Expert Market.

Liikevaihto341milj. USD
−12,7 %v/v
Liikevoitto (EBIT)−58,7milj. USD
+22,8 %v/v
EBIT-marginaali−17,2%
+2,2 %-yks.v/v
Nettotulos−98,5milj. USD
+23,1 %v/v
Vapaa kassavirta42,2milj. USD
+241,0 %v/v

Tilikausi 2022 · muutos edellisvuodesta

Kehitys 2020–2022

−1000100200300400milj. USD2020: 389 milj. USD2020: EBIT −68 milj. USD20202021: 391 milj. USD2021: EBIT −76 milj. USD20212022: 341 milj. USD2022: EBIT −59 milj. USD2022341−59
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Graphene products55 %

Graphene-related industrial materials used in graphite anode and battery applications.

Landscape architecture45 %

Planning, design, and delivery of landscape and outdoor environment projects.

Tuotteet

Raportoitu · osuus liikevaihdosta
62,9%36,0%FY2022100 %
  • Sales of Graphene Products62,9 %
  • Landscape Architecture Design Services36,0 %
  • Catering Management Services1,1 %

Lähde: 20-F FY2022, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells into industrial and clean-technology supply chains through its graphene products business, where demand is tied to electric vehicles, energy storage systems, drones, and robotics. Its landscape architecture work serves project-based buyers seeking design and implementation services for outdoor and environmental spaces. Customer demand is therefore split between materials customers and project clients with different purchase cycles and buying criteria.

EV and battery supply chain customers

They buy graphene-based materials used as graphite anode inputs because they support advanced battery applications.

Energy storage and emerging mobility customers

They use graphene products in applications linked to energy storage systems, drones, and robotics.

Landscape project clients

They procure landscape architecture planning and execution for public, commercial, or private projects.

Strategia

The company’s strategic focus is to develop its graphene products business around battery-related end markets such as EVs and energy storage, where its materials can be incorporated into anode applications. At the same time, it maintains a diversified second business in landscape architecture, which broadens the group’s revenue base and reduces reliance on a single industrial niche. Execution depends on converting technical materials capability into commercial demand while managing cyclical project-based work.

Expand graphene product adoption in battery applicationsKeskipitkä aikaväli

The company’s materials business depends on end-market acceptance in EV and energy storage supply chains.

Support diversification through landscape architectureLyhyt aikaväli

A second operating line can offset dependence on the industrial materials cycle.

Maantiede

Graphex Group is headquartered in Hong Kong and incorporated in the Cayman Islands, with its securities listed in Hong Kong and traded in the U.S. on the OTC Expert Market. The company’s operating footprint is tied to Greater China and international industrial demand, particularly in markets connected to EV and battery supply chains. Its customer and end-market exposure is therefore influenced by both Asian operating conditions and global clean-technology demand.

Riskit

Graphex Group faces demand risk in its graphene products business because end markets such as EVs, batteries, and related advanced applications can be volatile and sensitive to technology adoption. The company also carries project and execution risk in landscape architecture, while its reported going-concern uncertainty and goodwill impairment show that asset values and liquidity are highly sensitive to operating performance and market conditions. Broader risks include geopolitical disruption, market uncertainty, and impairment pressure on intangible assets tied to expected future cash flows.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going-concern uncertainty1Goodwill impairment in graphene products2End-market demand weakness3Project execution and margin variability4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going-concern uncertaintyVaikutus: KriittinenTodennäköisyys: Korkea

    The auditor noted current liabilities exceeded current assets and a material uncertainty exists about continuing as a going concern.

    Kohdistuu: Group-wide

  2. Goodwill impairment in graphene productsVaikutus: KorkeaTodennäköisyys: Korkea

    Recoverable value of the graphene products CGU was below carrying amount, leading to a large impairment charge.

    Kohdistuu: Graphene Products Business

  3. End-market demand weaknessVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Graphene products depend on EV, battery, energy storage, drone, and robotics demand assumptions.

    Kohdistuu: Industrial materials sales

  4. Project execution and margin variabilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Landscape architecture revenue depends on winning and completing projects on time and within scope.

    Kohdistuu: Landscape architecture segment

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment testing

The graphene products CGU was tested using forecast cash flows, terminal growth, and discount rates, and an impairment was recognized.

Vaikutus: Can create large non-cash charges and affect equity

Going-concern assessment

Auditor disclosed material uncertainty because current liabilities exceeded current assets.

Vaikutus: Affects confidence in continuity and balance-sheet presentation

Fair value estimates

Recoverable amount was based on fair value less cost of disposal, which depends on valuation assumptions.

Vaikutus: Impacts impairment conclusions and reported asset values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Graphex Group Ltd (OTC) – Electrical Industrial Apparatus | Analyysi – Clarifo