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Global Corn Group Limited logo

Global Corn Group Limited

3889.HK

HKSEConsumer DefensivePackaged Foods

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Latest quote

HK$0.047

−HK$0.001 · -2.08%

Aug 21, 2:03 PM HKT

3889.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Global Corn Group Limited, an investment holding company, engages in the manufacture and sale of corn refined products and corn sweeteners primarily in the People’s Republic of China. The company offers corn starch, gluten meal, corn oil, and other corn refined products. It also provides glucose, maltose, and high fructose corn syrups, as well as maltodextrin, a corn syrup solid. The company serves food and beverage, confectionary, daily products, fermentation, and chemical industries, as well as cosmetics and pharmaceutical industries. It exports its sweetener products to Japan, South Korea, Taiwan, the Philippines, Russia, Malaysia, and South Africa. The company was formerly known as Global Sweeteners Holdings Limited and changed its name to Global Corn Group Limited in May 2025. Global Corn Group Limited was founded in 1998 and is headquartered in Hung Hom, Hong Kong.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
HK
CEO
Yang Lijuan
Listed since
Sep 20, 2007
Employees
410

Market position

52-week range

Current HK$0.047

Open
HK$0.047
Previous close
HK$0.048
Volume
32K
0.15× average
Average volume
218.58K
Average daily volume
Market cap
90.77M HKD
Beta
0.79
Market reference 1
50-day average
HK$0.0541
-13.06% below average
200-day average
HK$0.0773
-39.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
610.63M HKD
P/E (TTM)
-0.69×
P/B (TTM)
-0.26×
P/S (TTM)
0.18×
EV / EBITDA
-7.57×
Earnings yield
-75.07%
Free cash flow yield
-22.19%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.25%
Operating margin
-8.41%
Net margin
-26.86%
Return on equity
38.33%
Return on assets
-23.05%
Return on invested capital
-44.76%

Financial health

Debt / equity
-1.27×
Current ratio
0.13×
Altman Z-score
-5.07
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%28%-22%-72%Gross margin, FY2021: 5.71%Gross margin, FY2022: 7.58%Gross margin, FY2023: 8.31%Gross margin, FY2024: 5.02%Gross margin, FY2025: 9.25%Operating margin, FY2021: -13.60%Operating margin, FY2022: -17.95%Operating margin, FY2023: -12.46%Operating margin, FY2024: -10.76%Operating margin, FY2025: -8.41%Net margin, FY2021: -13.22%Net margin, FY2022: -59.10%Net margin, FY2023: 65.68%Net margin, FY2024: 10.69%Net margin, FY2025: -26.86%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 5.71%. Gross margin FY2022 7.58%. Gross margin FY2023 8.31%. Gross margin FY2024 5.02%. Gross margin FY2025 9.25%. Operating margin FY2021 -13.60%. Operating margin FY2022 -17.95%. Operating margin FY2023 -12.46%. Operating margin FY2024 -10.76%. Operating margin FY2025 -8.41%. Net margin FY2021 -13.22%. Net margin FY2022 -59.10%. Net margin FY2023 65.68%. Net margin FY2024 10.69%. Net margin FY2025 -26.86%.

Income trends

Revenue

491.02M HKD-21.24%

Operating income

−41.31M HKD+38.45%

Net income

−131.87M HKD−198.49M HKD
Income trends across reported periods822.16M HKD445.92M HKD69.69M HKD−306.55M HKDRevenue, FY2021: 728.1M HKDRevenue, FY2022: 359.57M HKDRevenue, FY2023: 440.81M HKDRevenue, FY2024: 623.46M HKDRevenue, FY2025: 491.02M HKDOperating income, FY2021: −99.01M HKDOperating income, FY2022: −64.53M HKDOperating income, FY2023: −54.91M HKDOperating income, FY2024: −67.11M HKDOperating income, FY2025: −41.31M HKDNet income, FY2021: −96.26M HKDNet income, FY2022: −212.49M HKDNet income, FY2023: 289.52M HKDNet income, FY2024: 66.62M HKDNet income, FY2025: −131.87M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 728.1M HKD. Revenue FY2022 359.57M HKD. Revenue FY2023 440.81M HKD. Revenue FY2024 623.46M HKD. Revenue FY2025 491.02M HKD. Operating income FY2021 −99.01M HKD. Operating income FY2022 −64.53M HKD. Operating income FY2023 −54.91M HKD. Operating income FY2024 −67.11M HKD. Operating income FY2025 −41.31M HKD. Net income FY2021 −96.26M HKD. Net income FY2022 −212.49M HKD. Net income FY2023 289.52M HKD. Net income FY2024 66.62M HKD. Net income FY2025 −131.87M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue491.02M HKD623.46M HKD440.81M HKD359.57M HKD728.1M HKD
Cost of goods sold445.61M HKD592.16M HKD404.2M HKD332.3M HKD686.51M HKD
Gross profit45.41M HKD31.3M HKD36.62M HKD27.27M HKD41.59M HKD
Selling, general, and administrative86.72M HKD100.49M HKD91.71M HKD129.92M HKD145.67M HKD
Operating expenses86.72M HKD98.41M HKD91.71M HKD91.8M HKD144.97M HKD
Interest income5K HKD39K HKD34K HKD24K HKD152K HKD
Interest expense56.03M HKD34.55M HKD42.44M HKD41.04M HKD77.9M HKD
Depreciation and amortization40.19M HKD28.47M HKD78.62M HKD76.31M HKD68.25M HKD
Operating income−41.31M HKD−67.11M HKD−54.91M HKD−64.53M HKD−99.01M HKD
Net income−131.87M HKD66.62M HKD289.52M HKD−212.49M HKD−96.26M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.140.05-0.03-0.12Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.005, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.068, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual -0.077, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.062, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 1, 2023: actual -0.055, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.068, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 0.095, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.052, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates389.04M305.24M221.44M137.63MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 356.4M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 371.7M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 154.97M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 204.6M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 1, 2023: actual 193.66M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 247.15M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 332.48M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 290.99M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend May 25, 2010

HK$0.01

Irregular

Record May 26, 2010 · Payment Jul 13, 2010

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