# Graphex Group Ltd > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/Graphex Group Ltd). ## Overview 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. ## Products & services • Graphene products for graphite anode material applications • Graphite-related materials for EV and battery supply chains • Landscape architecture and related project services • Design and delivery of outdoor environment projects - **Graphene products** (55%) — Graphene-related industrial materials used in graphite anode and battery applications. - **Landscape architecture** (45%) — Planning, design, and delivery of landscape and outdoor environment projects. - Graphene products for graphite anode material applications - Graphite-related materials for EV and battery supply chains - Landscape architecture and related project services - Design and delivery of outdoor environment projects ## Customers 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** (primary) — They buy graphene-based materials used as graphite anode inputs because they support advanced battery applications. - **Energy storage and emerging mobility customers** (secondary) — They use graphene products in applications linked to energy storage systems, drones, and robotics. - **Landscape project clients** (primary) — They procure landscape architecture planning and execution for public, commercial, or private projects. - Battery and EV supply-chain customers seeking graphite anode materials - Energy storage, drone, and robotics end markets using graphene inputs - Project owners buying landscape architecture design and delivery services - Customers that value specialized materials or turnkey site projects ## Geography 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. - Headquartered in Hong Kong and incorporated in the Cayman Islands - Listed on HKSE with ADSs traded on the OTC Expert Market - Industrial demand is linked to Greater China supply chains - Graphene business is exposed to global EV and battery markets - Landscape projects depend on the locations of project clients ## Strategy 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 applications** (medium-term) — The company’s materials business depends on end-market acceptance in EV and energy storage supply chains. - **Support diversification through landscape architecture** (short-term) — A second operating line can offset dependence on the industrial materials cycle. - Build demand for graphene products in battery-related end markets - Align materials business with EV, energy storage, drone, and robotics growth - Maintain landscape architecture as a second operating pillar - Improve commercial traction for specialized industrial materials - Balance cyclical project work with longer-duration materials opportunities ## Risks 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. - **Going-concern uncertainty** [critical] — The auditor noted current liabilities exceeded current assets and a material uncertainty exists about continuing as a going concern. - **Goodwill impairment in graphene products** [high] — Recoverable value of the graphene products CGU was below carrying amount, leading to a large impairment charge. - **End-market demand weakness** [high] — Graphene products depend on EV, battery, energy storage, drone, and robotics demand assumptions. - **Project execution and margin variability** [medium] — Landscape architecture revenue depends on winning and completing projects on time and within scope. - Demand for graphene products depends on EV and battery market adoption - Goodwill impairment risk if future cash flows fall below expectations - Going-concern risk from current liabilities exceeding current assets - Landscape architecture revenue can be lumpy and project-based - Geopolitical conflicts and market uncertainty can weaken demand assumptions ## Accounting The most important accounting issue is goodwill impairment, because the graphene products business is valued using discounted cash flow assumptions that depend on sales, margins, terminal growth, and discount rates. The company also faces going-concern disclosure judgment, since liquidity stress can affect classification and valuation of assets and liabilities. For investors, reported results are highly sensitive to estimates about future demand, fair value less cost of disposal, and the timing of segment performance. - **Goodwill impairment testing** — Can create large non-cash charges and affect equity - **Going-concern assessment** — Affects confidence in continuity and balance-sheet presentation - **Fair value estimates** — Impacts impairment conclusions and reported asset values - Goodwill impairment relies on long-term cash flow forecasts and discount rates - Fair value less cost of disposal determines graphene CGU recoverable amount - Going-concern disclosure affects confidence in asset and liability valuation - Project-based landscape services may create revenue timing judgment - Future demand assumptions can materially change impairment outcomes --- *Last updated: 2026-09-28T12:03:52.129332+00:00*