Grande Group Ltd/HK
GRAN · Finance Services · EDGAR filings ↗
Grade
C61High-margin but lumpy Hong Kong boutique IPO-sponsor/corporate-finance advisor with a thin pipeline.
Strengths
- Strong operating margin (43.8%, 95.8th pct), gross margin (76.5%) and positive FCF/OCF
- Licensed, established HK sponsor with 16 completed IPOs
Risks
- Revenue is project-based and non-recurring; no new sponsorship mandate since March 2025
- Heavy customer concentration (57% from five clients) and PRC/CSRC regulatory exposure
Notable findings
- Customer concentration~86% of revenue from one customer/distributor — 1% and 85
Key metrics
Gross margin
76.5%
Operating margin
43.8%
Net margin
37.3%
Return on equity
76.9%
Return on assets
34.6%
Revenue growth (QoQ)
-4.2%
Net-income growth
-9.9%
Current ratio
1.4×
Free cash flow
$655K
Tangible book value
$2M
Cash & investments
$2M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-07-31 | 2025-03-31 | 0001213900-25-069627 ↗ |