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Green Giant (GGE)

China HGS Real Estate Inc. operates as a real estate properties developer. The Company develops, builds, and manages commercial and residential projects. China HGS Real Estate serves customers in the United States and China.

Company profile

Ticker
GGE
Exchange
CEO
Xiao Jun Zhu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CHINA AGRO SCIENCES CORP., CHINA HGS REAL ESTATE INC., M GAB DEVELOPMENT CORP
SEC CIK

GGE stock data

Calendar

15 May 22
6 Jul 22
30 Sep 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13.59M 13.59M 13.59M 13.59M 13.59M 13.59M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 198.25K 45.52K
Cash used (since last report) n/a n/a n/a n/a 633K 145.35K
Cash remaining n/a n/a n/a n/a 12.96M 13.45M
Runway (months of cash) n/a n/a n/a n/a 65.4 295.4

Beta Read what these cash burn values mean

37.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 5 6 -16.7%
Opened positions 3 2 +50.0%
Closed positions 4 1 +300.0%
Increased positions 0 1 EXIT
Reduced positions 2 2
13F shares Current Prev Q Change
Total value 31.69M 272K +11551.5%
Total shares 14.95M 180.87K +8167.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Goldenmountain Solution 14.9M $31.59M NEW
Renaissance Technologies 34.7K $69K -25.0%
VIRT Virtu Financial 14.15K $28K NEW
UBS UBS Group AG - Registered Shares 2.55K $5K -46.2%
Marshall Wace 2.08K $2K NEW
Proequities 0 $0
Largest transactions Shares Bought/sold Change
Goldenmountain Solution 14.9M +14.9M NEW
Millennium Management 0 -61.9K EXIT
Citadel Advisors 0 -42.31K EXIT
HRT Financial 0 -25.61K EXIT
VIRT Virtu Financial 14.15K +14.15K NEW
Renaissance Technologies 34.7K -11.58K -25.0%
UBS UBS Group AG - Registered Shares 2.55K -2.19K -46.2%
Marshall Wace 2.08K +2.08K NEW
Advisor 0 -25 EXIT
Proequities 0 0

Financial report summary

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Risks
  • Our business is sensitive to China’s economy and China real estate policies. A downturn in China’s economy and restrictive real estate polices could materially and adversely affect our revenues and results of operations.
  • If we are unable to successfully manage our expansion into other Tier 3 and Tier 4 cities, we will not be able to execute our business plan.
  • We require substantial capital resources to fund our land use rights acquisitions and property developments, which may not be available.
  • We may be unable to acquire desired development sites at commercially reasonable costs.
  • We provide guarantees for the mortgage loans of our customers which expose us to risks of default by our customers.
  • A large portion of our loan portfolio is tied to the real estate market and we may be negatively impacted by downturns in that market.
  • We rely on third-party contractors.
  • Changes of laws and regulations with respect to pre-sales may adversely affect our cash flow position and business performance.
  • Our results of operations may fluctuate from period to period.
  • We rely on our key management members.
  • Increases in the price of raw materials may increase our cost of sales and reduce our earnings.
  • Any unauthorized use of our brand or trademark may adversely affect our business.
  • We may fail to obtain or may experience material delays in obtaining necessary government approvals for any major property development, which will adversely affect our business.
  • We may forfeit land to the PRC government if we fail to comply with procedural requirements applicable to land grants from the government or the terms of the land use rights grant contracts.
  • Any non-compliant GFA of our uncompleted and future property developments will be subject to governmental approval and additional payments.
  • Our failure to assist our customers in applying for property ownership certificates in a timely manner may lead to compensatory liabilities to our customers.
  • We are subject to potential environmental liabilities.
  • We need to improve our internal financial reporting controls. If we are unable to establish appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations, subject us to regulatory scrutiny and sanction, cause investors to lose confidence in our reported financial information and have a negative effect on the market price for shares of our common stock.
  • We do not have business insurance coverage. Any future business liability, disruption or litigation we experience might divert management focus from our business and could significantly impact our financial results.
  • The PRC government may adopt further restrictive measures to slow the increase in prices of real property and real property development.
  • We are heavily dependent on the performance of the residential property market in China, which is at a relatively early development stage.
  • We face intense competition from other real estate developers.
  • Risks Relating to the Residential Property Industry and primary operation in China
  • The uncertainties in the China legal system could materially and adversely affect us.
  • We may be deemed a PRC resident enterprise for PRC tax purposes under the Enterprise Income Tax Law, which could result in the imposition of a 25% enterprise income tax payable on our taxable global income.
  • We face uncertainty from the Circular on Strengthening the Administration of Enterprise Income Tax on Non-resident Enterprises’ Share Transfer (“Circular 698”) released in December 2009 by China’s State Administration of Taxation (SAT), effective as of January 1, 2008.
  • Failure to comply with PRC regulations relating to the establishment of offshore special purpose companies by PRC residents may materially adversely affect us.
  • Changes in the policies, regulations, rules, and the enforcement of laws of the PRC government may be quick with little advance notice and could have a significant impact upon our ability to operate profitably in the PRC.
  • Changes in foreign exchange regulations may adversely affect our results of operations.
  • Future inflation in China may inhibit our activity to conduct business in China.
  • Failure to comply with the United States Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences.
  • We may have difficulty establishing adequate management, legal and financial controls in the PRC.
  • U.S. laws and regulations, including the Holding Foreign Companies Accountable Act, may restrict or eliminate our ability to complete a business combination with certain companies, particularly those acquisition candidates with substantial operations in China.
  • We may become subject to a variety of laws and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use or appropriation of personal information provided by our customers.
  • If the PRC government deems that the contractual arrangements in relation to Guangsha, our consolidated variable interest entity, do not comply with PRC regulatory restrictions on foreign investment in the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.
  • We rely on contractual arrangements with our variable interest entity and its subsidiary in China for our business operations, which may not be as effective in providing operational control or enabling us to derive economic benefits as through ownership of controlling equity interests.
  • We may not be able to consolidate the financial results of our affiliated companies or such consolidation could materially and adversely affect our operating results and financial condition.
  • Because we rely on the Contractual Arrangements for our revenue, the termination of these agreements would severely and detrimentally affect our continuing business viability under our current corporate structure.
  • Contractual arrangements in relation to our VIE may be subject to scrutiny by the PRC tax authorities and they may determine that we or our VIE owe additional taxes, which could negatively affect our financial condition and the value of your investment.
  • We conduct our business through Guangsha by means of Contractual Arrangements. If the PRC courts or administrative authorities determine that these contractual arrangements do not comply with applicable regulations, we could be subject to severe penalties and our business could be adversely affected. In addition, changes in such PRC laws and regulations may materially and adversely affect our business.
  • The shareholders of our VIE may have actual or potential conflicts of interest with us and as a result may refuse to perform, or may breach, the Contractual Arrangements, which may materially and adversely affect our business and financial condition.
  • Any failure by our VIE or its shareholders to perform their obligations under the Contractual Arrangements, or any unauthorized use of indicia of corporate power or authority, would have a material adverse effect on our business.
  • Our current corporate structure and business operations may be affected by the newly enacted Foreign Investment Law.
  • The Chinese government may exercise significant oversight influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to list on U.S. exchanges, however, if our VIE or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange, which would materially affect the interest of the investors.
  • If any of our affiliated entities becomes the subject of a bankruptcy or liquidation proceeding, we may lose the ability to use and enjoy assets held by such entity, which could materially and adversely affect our business, financial condition and results of operations.
  • We have never paid cash dividends and are not likely to do so in the foreseeable future.
  • We may be subject to the penny stock rules which will make the shares of our common stock more difficult to sell.
  • Our shares of common stock are very thinly traded, and the price if traded may not reflect our value. There can be no assurance that there will be an active market for our shares of common stock either now or in the future.
  • Currently, we are listed on the NASDAQ Capital Market. If our financial condition deteriorates, we may not meet continued listing standards on the NASDAQ Capital Market.
  • The requirements of being a public company may strain our resources and divert management’s attention, which could have a material adverse effect on our business.
  • The obligation to disclose information publicly may put us at a disadvantage to competitors that are private companies which could have an adverse effect on our results of operations.
  • Securities analysts may not publish favorable research or reports about our business or may publish no information at all, which could cause our stock price or trading volume to decline.

Content analysis

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H.S. sophomore Avg
New words: approxiamtley, Companby, contemplated, customary, cut, electornic, electronic, energy, expire, framework, GG, Giant, Green, lockdown, Offering, palcment, power, prepayment, Shanghai, SPA, station
Removed: applied, consumer, experiencing, grow, mentioned, operate, Oriental, record, recovery, restored, USD