Graphex Group Key Executives
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Graphex Group Earnings
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Graphex Group Limited engages in the development, manufacturing, and marketing of graphene products in the People's Republic of China. The company operates through three segments: Manufacturing and Sale of Graphene Products; Landscape Design; and Catering. It provides natural spherical graphite to produce anodes for Li-ion batteries used in electric vehicles; high purity graphite for use in refractory materials and advanced coatings, and other products; and synthetic graphite. The company also offers landscape architecture services and activities. In addition, it provides catering and interior design and landscape architecture services; and invests in food industry; and focuses on the operation of restaurants. The company was formerly known as Earthasia International Holdings Limited and changed its name to Graphex Group Limited in April 2021. Graphex Group Limited was founded in 1981 and is headquartered in Causeway Bay, Hong Kong.
$1.07
Stock Price
$50.24M
Market Cap
400
Employees
Causeway Bay, None
Location
Financial Statements
Access annual & quarterly financial statements for Graphex Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $291.93M | $341.24M | $391.04M | $388.85M | $313.94M |
| Cost of Revenue | $195.11M | $221.28M | $242.69M | $231.83M | $189.79M |
| Gross Profit | $96.82M | $119.96M | $148.34M | $157.02M | $124.15M |
| Gross Profit Ratio | 33.17% | 35.15% | 37.90% | 40.38% | 39.55% |
| Research and Development Expenses | $- | $16.44M | $22.73M | $16.94M | $16.81M |
| General and Administrative Expenses | $161.39M | $155.55M | $187.30M | $156.87M | $142.62M |
| Selling and Marketing Expenses | $5.19M | $5.38M | $10.16M | $13.82M | $27.43M |
| Selling General and Administrative Expenses | $166.59M | $160.28M | $184.26M | $176.34M | $135.00M |
| Other Expenses | $-69.77M | $-3.24M | $-1.82M | $-384.00K | $-2.22M |
| Operating Expenses | $96.82M | $179.96M | $208.81M | $193.67M | $154.03M |
| Cost and Expenses | $402.42M | $401.24M | $451.50M | $425.50M | $343.82M |
| Interest Income | $1.30M | $1.47M | $1.20M | $1.69M | $3.36M |
| Interest Expense | $23.75M | $45.41M | $59.71M | $51.56M | $27.42M |
| Depreciation and Amortization | $19.95M | $59.96M | $66.95M | $67.61M | $42.98M |
| EBITDA | $-90.53M | $-40.00K | $6.49M | $16.62M | $13.10M |
| EBITDA Ratio | -31.01% | -0.01% | 1.66% | 7.96% | 4.17% |
| Operating Income | $-110.49M | $-60.00M | $-60.46M | $-36.65M | $-29.88M |
| Operating Income Ratio | -37.85% | -17.58% | -15.46% | -9.42% | -9.52% |
| Total Other Income Expenses Net | $-3.79M | $-43.05M | $-49.13M | $-49.16M | $-19.52M |
| Income Before Tax | $-114.28M | $-71.72M | $-49.42M | $-102.36M | $-63.73M |
| Income Before Tax Ratio | -39.15% | -21.02% | -12.64% | -26.32% | -20.30% |
| Income Tax Expense | $-2.08M | $-2.32M | $1.25M | $-6.91M | $602.00K |
| Net Income | $-113.17M | $-69.66M | $-53.55M | $-91.70M | $-57.08M |
| Net Income Ratio | -38.77% | -20.41% | -13.69% | -23.58% | -18.18% |
| EPS | $-0.15 | $-0.12 | $-0.11 | $-0.19 | $-0.13 |
| EPS Diluted | $-0.15 | $-0.12 | $-0.11 | $-0.19 | $-0.13 |
| Weighted Average Shares Outstanding | 763.15M | 572.59M | 487.83M | 472.36M | 443.80M |
| Weighted Average Shares Outstanding Diluted | 763.15M | 572.59M | 487.83M | 472.36M | 443.80M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.74M | $140.66M | $151.27M | $178.11M | $163.13M | $208.41M | $182.62M | $233.68M | $155.17M | $221.93M | $92.01M | $97.97M | $99.34M | $68.51M | $60.16M | $80.54M | $103.24M | $117.58M | $120.12M | $130.97M |
| Cost of Revenue | $63.38M | $93.87M | $101.24M | $117.05M | $104.23M | $130.93M | $111.76M | $141.57M | $113.94M | $129.72M | $37.47M | $42.98M | $40.18M | $50.49M | $33.18M | $48.28M | $45.73M | $49.41M | $61.23M | $64.61M |
| Gross Profit | $30.37M | $46.79M | $50.03M | $61.06M | $58.90M | $77.48M | $70.86M | $92.11M | $41.23M | $92.21M | $54.54M | $55.00M | $59.15M | $18.02M | $26.98M | $32.26M | $57.51M | $68.18M | $58.89M | $66.36M |
| Gross Profit Ratio | 32.39% | 33.30% | 33.10% | 34.30% | 36.10% | 37.20% | 38.80% | 39.42% | 26.57% | 41.55% | 59.28% | 56.14% | 59.55% | 26.30% | 44.84% | 40.05% | 55.70% | 57.98% | 49.03% | 50.67% |
| Research and Development Expenses | $7.76M | $7.34M | $10.78M | $5.71M | $10.73M | $9.79M | $12.94M | $12.80M | $4.14M | $14.61M | $2.20M | $3.28M | $3.46M | $2.56M | $3.80M | $3.74M | $3.54M | $3.96M | $3.73M | $3.94M |
| General and Administrative Expenses | $75.03M | $84.67M | $76.72M | $70.59M | $84.96M | $86.99M | $100.32M | $82.57M | $74.30M | $81.73M | $60.89M | $45.03M | $52.15M | $42.93M | $38.53M | $40.49M | $44.73M | $41.70M | $40.46M | $39.40M |
| Selling and Marketing Expenses | $1.23M | $2.24M | $2.96M | $3.17M | $2.20M | $3.92M | $6.24M | $5.81M | $8.02M | $15.12M | $12.31M | $21.38M | $11.89M | $6.51M | $6.18M | $3.40M | $5.11M | $1.88M | $5.42M | $4.80M |
| Selling General and Administrative Expenses | $83.91M | $91.45M | $79.61M | $70.08M | $89.39M | $80.63M | $103.62M | $94.37M | $57.51M | $84.32M | $73.31M | $70.91M | $64.04M | $49.44M | $44.71M | $43.89M | $49.84M | $43.58M | $45.88M | $44.20M |
| Other Expenses | $- | $319.00K | $- | $-563.00K | $-2.68M | $-1.37M | $-451.00K | $2.22M | $-2.60M | $-1.58M | $-643.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $91.67M | $98.48M | $90.39M | $76.34M | $102.80M | $91.79M | $117.01M | $104.96M | $64.25M | $100.50M | $76.15M | $103.02M | $54.91M | $54.09M | $43.98M | $51.49M | $52.40M | $52.84M | $41.17M | $44.16M |
| Cost and Expenses | $155.04M | $192.34M | $191.63M | $193.39M | $207.03M | $222.72M | $228.77M | $246.53M | $178.19M | $230.23M | $113.62M | $146.00M | $95.09M | $104.59M | $77.16M | $99.78M | $98.13M | $102.24M | $102.40M | $108.77M |
| Interest Income | $786.00K | $- | $1.74M | $15.84M | $3.23M | $843.00K | $356.00K | $598.00K | $1.09M | $1.04M | $2.31M | $2.59M | $2.72M | $691.00K | $895.00K | $1.78M | $2.05M | $411.00K | $373.00K | $323.00K |
| Interest Expense | $8.98M | $10.29M | $12.74M | $16.52M | $28.89M | $30.27M | $29.44M | $26.59M | $24.98M | $21.61M | $5.81M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $22.44M | $25.57M | $27.19M | $28.33M | $31.63M | $33.16M | $33.78M | $32.94M | $34.67M | $32.75M | $10.23M | $3.34M | $4.90M | $2.00M | $2.04M | $1.23M | $1.03M | $1.36M | $1.70M | $1.52M |
| EBITDA | $-31.11M | $-26.12M | $-13.17M | $13.05M | $-12.27M | $18.86M | $-12.37M | $20.09M | $11.66M | $24.45M | $-11.38M | $-11.06M | $-1.49M | $-37.56M | $-19.04M | $-19.23M | $5.07M | $17.77M | $12.04M | $21.41M |
| EBITDA Ratio | -33.18% | -18.57% | -8.70% | 7.33% | -7.52% | 9.05% | -6.77% | 8.60% | 7.51% | 11.02% | -12.37% | -11.29% | -1.50% | -54.83% | -31.65% | -23.88% | 4.91% | 15.11% | 10.03% | 16.34% |
| Operating Income | $-61.30M | $-51.69M | $-40.35M | $-15.28M | $-43.90M | $-14.31M | $-46.15M | $-12.85M | $-23.01M | $-8.30M | $-21.61M | $-14.40M | $-6.39M | $-39.56M | $-21.08M | $-20.46M | $4.04M | $16.41M | $10.34M | $19.88M |
| Operating Income Ratio | -65.39% | -36.75% | -26.68% | -8.58% | -26.91% | -6.87% | -25.27% | -5.50% | -14.83% | -3.74% | -23.48% | -14.70% | -6.43% | -57.74% | -35.04% | -25.41% | 3.91% | 13.96% | 8.61% | 15.18% |
| Total Other Income Expenses Net | $4.00M | $-15.81M | $-6.43M | $8.61M | $-12.53M | $36.19M | $-25.51M | $-26.17M | $-40.87M | $-26.82M | $-7.33M | $-31.43M | $7.92M | $-1.40M | $5.42M | $-2.09M | $3.13M | $-658.00K | $7.75M | $2.65M |
| Income Before Tax | $-57.30M | $-68.31M | $-46.55M | $-6.68M | $-65.04M | $22.07M | $-71.48M | $-38.67M | $-63.69M | $-34.80M | $-28.93M | $-50.61M | $1.53M | $-35.38M | $-16.11M | $-17.46M | $7.16M | $15.75M | $18.09M | $22.53M |
| Income Before Tax Ratio | -61.13% | -48.57% | -30.77% | -3.75% | -39.87% | 10.59% | -39.14% | -16.55% | -41.05% | -15.68% | -31.45% | -51.66% | 1.54% | -51.64% | -26.78% | -21.68% | 6.94% | 13.40% | 15.06% | 17.20% |
| Income Tax Expense | $3.26M | $2.92M | $-5.00M | $3.12M | $-5.44M | $5.79M | $-4.54M | $-1.13M | $-5.78M | $457.00K | $145.00K | $2.43M | $323.00K | $8.13M | $1.89M | $3.06M | $3.64M | $6.39M | $5.10M | $360.00K |
| Net Income | $-54.10M | $-69.20M | $-43.97M | $-10.03M | $-59.63M | $11.15M | $-64.70M | $-42.55M | $-49.15M | $-29.81M | $-27.27M | $-38.13M | $2.09M | $-43.20M | $-14.11M | $-12.99M | $3.63M | $9.85M | $13.68M | $20.97M |
| Net Income Ratio | -57.71% | -49.20% | -29.07% | -5.63% | -36.55% | 5.35% | -35.43% | -18.21% | -31.67% | -13.43% | -29.64% | -38.92% | 2.10% | -63.06% | -23.45% | -16.13% | 3.51% | 8.38% | 11.39% | 16.01% |
| EPS | $-0.06 | $-0.09 | $-0.06 | $-0.01 | $-0.12 | $0.02 | $-0.13 | $-0.09 | $-0.10 | $-0.06 | $-0.06 | $-0.09 | $0.00 | $-0.10 | $-0.03 | $-0.03 | $0.01 | $0.03 | $0.04 | $0.05 |
| EPS Diluted | $-0.06 | $-0.09 | $-0.06 | $-0.01 | $-0.12 | $0.02 | $-0.13 | $-0.09 | $-0.10 | $-0.06 | $-0.06 | $-0.09 | $0.00 | $-0.10 | $-0.03 | $-0.03 | $0.01 | $0.03 | $0.04 | $0.05 |
| Weighted Average Shares Outstanding | 901.51M | 788.95M | 725.78M | 683.49M | 516.06M | 509.07M | 481.40M | 482.29M | 472.41M | 462.78M | 424.76M | 423.90M | 426.53M | 411.90M | 411.16M | 431.16M | 403.00M | 385.97M | 390.77M | 391.43M |
| Weighted Average Shares Outstanding Diluted | 901.51M | 788.95M | 725.78M | 683.49M | 516.06M | 509.07M | 481.40M | 472.30M | 472.41M | 462.78M | 424.76M | 425.01M | 425.44M | 412.42M | 411.15M | 431.15M | 390.69M | 388.68M | 386.42M | 391.43M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $27.19M | $31.47M | $31.46M | $43.92M | $53.88M |
| Short Term Investments | $23.00K | $31.00K | $9.13M | $13.10M | $1.19M |
| Cash and Short Term Investments | $27.21M | $31.50M | $31.46M | $43.92M | $55.08M |
| Net Receivables | $205.57M | $133.65M | $189.74M | $155.66M | $155.50M |
| Inventory | $13.71M | $16.90M | $37.81M | $28.32M | $24.42M |
| Other Current Assets | $- | $16.79M | $18.17M | $40.82M | $47.56M |
| Total Current Assets | $246.50M | $235.12M | $306.49M | $262.51M | $282.56M |
| Property Plant Equipment Net | $28.68M | $38.63M | $74.59M | $92.51M | $92.45M |
| Goodwill | $101.94M | $101.94M | $101.94M | $101.94M | $105.05M |
| Intangible Assets | $461.00M | $614.03M | $710.54M | $741.27M | $770.78M |
| Goodwill and Intangible Assets | $562.94M | $715.97M | $812.48M | $843.21M | $875.84M |
| Long Term Investments | $835.00K | $321.00K | $1.83M | $2.09M | $2.08M |
| Tax Assets | $3.24M | $4.90M | $3.32M | $2.48M | $185.00K |
| Other Non-Current Assets | $5.16M | $-100.26M | $-101.81M | $-98.55M | $-101.58M |
| Total Non-Current Assets | $600.84M | $659.56M | $790.42M | $841.73M | $868.97M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $847.34M | $894.68M | $1.10B | $1.10B | $1.15B |
| Account Payables | $23.19M | $13.40M | $8.88M | $16.14M | $22.25M |
| Short Term Debt | $144.72M | $150.18M | $177.79M | $183.46M | $108.64M |
| Tax Payables | $33.08M | $33.90M | $39.74M | $34.36M | $31.44M |
| Deferred Revenue | $- | $37.41M | $45.26M | $46.23M | $58.47M |
| Other Current Liabilities | $119.17M | $90.72M | $147.46M | $95.85M | $86.69M |
| Total Current Liabilities | $320.17M | $288.19M | $373.87M | $316.94M | $253.00M |
| Long Term Debt | $88.44M | $158.62M | $387.00M | $436.57M | $487.19M |
| Deferred Revenue Non-Current | $- | $158.62M | $53.23M | $62.20M | $65.06M |
| Deferred Tax Liabilities Non-Current | $69.09M | $78.02M | $92.41M | $95.70M | $103.70M |
| Other Non-Current Liabilities | $- | $- | $145.02M | $182.20M | $190.20M |
| Total Non-Current Liabilities | $157.54M | $236.64M | $532.03M | $618.77M | $677.39M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $477.70M | $524.83M | $905.89M | $935.71M | $930.38M |
| Preferred Stock | $3.24M | $3.24M | $- | $- | $- |
| Common Stock | $8.98M | $6.83M | $5.09M | $4.82M | $4.82M |
| Retained Earnings | $- | $-341.84M | $-269.41M | $-215.86M | $-124.16M |
| Accumulated Other Comprehensive Income Loss | $357.47M | $39.05M | $98.77M | $40.01M | $-2.51M |
| Other Total Stockholders Equity | $- | $818.17M | $484.08M | $353.25M | $353.24M |
| Total Stockholders Equity | $369.69M | $380.58M | $197.31M | $171.52M | $220.69M |
| Total Equity | $369.64M | $369.84M | $191.01M | $168.53M | $221.15M |
| Total Liabilities and Stockholders Equity | $847.34M | $894.68M | $1.10B | $1.10B | $1.15B |
| Minority Interest | $-49.00K | $-10.74M | $-6.29M | $-2.99M | $456.00K |
| Total Liabilities and Total Equity | $847.34M | $894.68M | $1.10B | $1.10B | $1.15B |
| Total Investments | $858.00K | $352.00K | $1.83M | $2.09M | $3.28M |
| Total Debt | $233.16M | $308.80M | $530.91M | $620.03M | $595.82M |
| Net Debt | $205.97M | $277.33M | $499.45M | $576.10M | $541.94M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.39M | $27.19M | $17.46M | $31.47M | $28.44M | $31.46M | $28.86M | $43.92M | $33.61M | $53.88M | $73.20M | $85.99M | $97.01M | $112.44M | $60.58M | $70.08M | $56.13M | $94.81M | $81.51M | $121.53M |
| Short Term Investments | $19.00K | $23.00K | $24.00K | $31.00K | $22.00K | $9.13M | $- | $13.10M | $- | $1.19M | $3.56M | $9.31M | $- | $15.97M | $- | $13.84M | $- | $41.32M | $- | $3.39M |
| Cash and Short Term Investments | $10.41M | $27.21M | $17.48M | $31.50M | $28.46M | $31.46M | $28.86M | $43.92M | $33.61M | $55.08M | $76.76M | $95.30M | $97.01M | $128.41M | $60.58M | $83.93M | $56.13M | $136.13M | $81.51M | $124.92M |
| Net Receivables | $242.40M | $177.90M | $257.03M | $133.65M | $210.54M | $189.74M | $158.48M | $155.66M | $138.46M | $155.50M | $92.15M | $86.76M | $85.49M | $100.97M | $104.86M | $114.43M | $134.06M | $128.62M | $132.45M | $119.04M |
| Inventory | $16.45M | $13.71M | $9.23M | $16.90M | $4.46M | $37.81M | $52.06M | $28.32M | $28.30M | $24.42M | $765.00K | $1.33M | $1.43M | $744.00K | $1 | $1 | $1 | $1 | $1 | $1 |
| Other Current Assets | $45.00K | $- | $- | $16.79M | $49.60M | $18.17M | $37.28M | $40.82M | $65.27M | $47.56M | $24.48M | $11.23M | $83.39M | $13.63M | $22.05M | $2.68M | $35.02M | $38.79M | $10.67M | $3.24M |
| Total Current Assets | $269.31M | $246.50M | $283.75M | $235.12M | $301.19M | $306.49M | $276.26M | $262.51M | $259.91M | $282.56M | $194.16M | $194.61M | $267.33M | $226.32M | $187.49M | $201.21M | $225.21M | $296.30M | $224.64M | $250.27M |
| Property Plant Equipment Net | $23.86M | $33.51M | $30.75M | $38.63M | $67.62M | $74.59M | $80.70M | $92.51M | $81.75M | $92.45M | $45.13M | $16.94M | $15.00M | $10.79M | $5.14M | $5.13M | $4.75M | $5.62M | $5.52M | $5.83M |
| Goodwill | $101.94M | $101.94M | $101.94M | $101.94M | $101.94M | $101.94M | $101.94M | $101.94M | $101.94M | $105.05M | $5.09M | $5.42M | $7.19M | $7.22M | $3.11M | $3.11M | $3.11M | $3.11M | $3.11M | $3.11M |
| Intangible Assets | $435.82M | $461.00M | $576.38M | $614.03M | $660.11M | $710.54M | $724.07M | $741.27M | $722.54M | $770.78M | $34.49M | $36.02M | $46.22M | $49.05M | $3.41M | $3.98M | $4.73M | $5.55M | $5.85M | $4.03M |
| Goodwill and Intangible Assets | $537.76M | $562.94M | $678.32M | $715.97M | $762.05M | $812.48M | $826.01M | $843.21M | $824.48M | $875.84M | $39.58M | $41.44M | $53.41M | $56.27M | $6.52M | $7.09M | $7.84M | $8.67M | $8.96M | $7.14M |
| Long Term Investments | $34.00K | $835.00K | $91.00K | $321.00K | $1.49M | $1.83M | $1.94M | $2.09M | $1.85M | $2.08M | $4.64M | $5.38M | $5.92M | $11.50M | $10.50M | $11.15M | $10.95M | $7.14M | $9.06M | $8.69M |
| Tax Assets | $- | $3.24M | $6.35M | $4.90M | $5.14M | $3.32M | $3.94M | $2.48M | $535.00K | $185.00K | $309.00K | $317.00K | $20.00K | $42.00K | $8.88M | $7.05M | $5.28M | $5.29M | $5.42M | $4.28M |
| Other Non-Current Assets | $8.35M | $323.00K | $-96.11M | $-100.26M | $-101.38M | $-101.81M | $-99.77M | $-98.55M | $-99.87M | $-101.58M | $50.39M | $-317.00K | $-20.00K | $-42.00K | $-8.88M | $-7.05M | $-5.28M | $-5.29M | $-14.48M | $-12.97M |
| Total Non-Current Assets | $570.01M | $600.84M | $619.39M | $659.56M | $734.93M | $790.42M | $812.82M | $841.73M | $808.75M | $868.97M | $140.04M | $63.76M | $74.33M | $78.56M | $22.16M | $23.37M | $23.54M | $21.43M | $14.48M | $12.97M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $55.80M | $6.09M | $4.26M | $11.09M | $9.81M | $6.62M | $6.18M | $44.54M | $6.55M |
| Total Assets | $839.32M | $847.34M | $903.14M | $894.68M | $1.04B | $1.10B | $1.09B | $1.10B | $1.07B | $1.15B | $334.20M | $314.17M | $347.74M | $309.15M | $220.75M | $234.38M | $255.37M | $323.91M | $283.65M | $269.79M |
| Account Payables | $39.15M | $23.19M | $75.38M | $13.40M | $23.35M | $8.88M | $20.40M | $16.14M | $14.69M | $22.25M | $6.71M | $10.88M | $8.97M | $7.39M | $4.02M | $5.10M | $1.98M | $3.62M | $1.22M | $2.86M |
| Short Term Debt | $157.33M | $144.72M | $53.96M | $150.18M | $205.29M | $177.79M | $145.16M | $183.46M | $54.53M | $108.64M | $117.86M | $66.97M | $2.32M | $- | $- | $- | $45.00K | $30.64M | $- | $- |
| Tax Payables | $32.85M | $33.08M | $32.16M | $33.90M | $36.30M | $39.74M | $34.97M | $34.36M | $27.41M | $31.44M | $24.54M | $25.81M | $26.93M | $26.13M | $24.61M | $26.15M | $27.97M | $30.03M | $28.25M | $28.96M |
| Deferred Revenue | $- | $38.63M | $33.98M | $37.41M | $50.89M | $45.26M | $34.97M | $46.23M | $62.64M | $58.47M | $35.95M | $31.97M | $20.10M | $- | $- | $- | $-45.00K | $-30.64M | $- | $- |
| Other Current Liabilities | $138.51M | $119.17M | $90.72M | $90.72M | $97.19M | $147.46M | $89.84M | $95.85M | $112.37M | $86.69M | $60.78M | $27.94M | $43.17M | $56.46M | $12.86M | $14.63M | $13.86M | $88.87M | $11.85M | $48.01M |
| Total Current Liabilities | $367.83M | $320.17M | $257.00M | $288.19M | $365.86M | $373.87M | $290.37M | $316.94M | $208.99M | $253.00M | $209.90M | $163.57M | $81.40M | $89.98M | $57.50M | $59.27M | $56.36M | $112.12M | $69.30M | $79.83M |
| Long Term Debt | $76.88M | $88.44M | $208.24M | $158.62M | $189.83M | $387.00M | $482.21M | $436.57M | $519.23M | $487.19M | $46.37M | $40.49M | $101.06M | $63.50M | $- | $- | $- | $299.00K | $30.00M | $- |
| Deferred Revenue Non-Current | $- | $-54.17M | $208.24M | $158.62M | $50.89M | $53.23M | $57.92M | $62.20M | $60.12M | $65.06M | $46.37M | $30.81M | $87.83M | $50.03M | $- | $- | $- | $-299.00K | $28.04M | $- |
| Deferred Tax Liabilities Non-Current | $65.36M | $69.09M | $72.42M | $78.02M | $84.95M | $92.41M | $93.23M | $95.70M | $94.38M | $103.70M | $9.40M | $9.69M | $13.22M | $13.47M | $2.80M | $3.28M | $4.92M | $4.59M | $1.96M | $2.20M |
| Other Non-Current Liabilities | $- | $- | $- | $- | $151.27M | $145.02M | $192.00M | $182.20M | $192.47M | $190.20M | $-1 | $- | $- | $- | $3.44M | $3.92M | $5.39M | $5.00M | $- | $- |
| Total Non-Current Liabilities | $142.24M | $157.54M | $280.67M | $236.64M | $341.10M | $532.03M | $674.21M | $618.77M | $711.70M | $677.39M | $55.77M | $40.49M | $101.06M | $63.50M | $3.44M | $3.92M | $5.39M | $5.30M | $30.00M | $2.20M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $9.69M | $13.57M | $13.82M | $- | $- | $- | $- | $1.96M | $- |
| Total Liabilities | $510.07M | $477.70M | $537.67M | $524.83M | $706.97M | $905.89M | $964.58M | $935.71M | $920.68M | $930.38M | $265.67M | $213.75M | $196.03M | $167.31M | $60.94M | $63.20M | $61.75M | $117.42M | $101.26M | $82.03M |
| Preferred Stock | $3.24M | $3.24M | $3.24M | $3.24M | $3.24M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $9.71M | $8.98M | $7.77M | $6.83M | $5.41M | $5.09M | $4.88M | $4.82M | $4.82M | $4.82M | $4.34M | $4.34M | $4.34M | $4.22M | $4.20M | $4.20M | $4.20M | $4.20M | $4.00M | $4.00M |
| Retained Earnings | $-506.33M | $-452.24M | $-385.81M | $-341.84M | $-329.04M | $-269.41M | $-280.56M | $-215.86M | $-173.31M | $-124.16M | $-94.57M | $-56.60M | $-18.90M | $-15.54M | $27.41M | $41.52M | $58.90M | $77.93M | $68.08M | $74.16M |
| Accumulated Other Comprehensive Income Loss | $-9.42M | $27.27M | $13.07M | $39.05M | $90.67M | $98.77M | $56.76M | $40.01M | $-18.30M | $-2.51M | $1.26M | $87.39M | $4.31M | $10.47M | $8.40M | $5.56M | $11.16M | $9.00M | $14.65M | $4.66M |
| Other Total Stockholders Equity | $832.05M | $- | $1.06B | $818.17M | $716.47M | $484.08M | $- | $353.25M | $353.24M | $353.24M | $162.15M | $162.15M | $165.10M | $144.26M | $130.34M | $130.34M | $130.34M | $135.69M | $111.58M | $103.17M |
| Total Stockholders Equity | $329.25M | $369.69M | $373.89M | $380.58M | $335.58M | $197.31M | $133.30M | $171.52M | $155.76M | $220.69M | $62.48M | $91.64M | $132.86M | $122.17M | $159.93M | $171.20M | $193.18M | $205.96M | $181.30M | $185.99M |
| Total Equity | $329.25M | $369.64M | $365.48M | $369.84M | $329.15M | $191.01M | $124.50M | $168.53M | $147.97M | $221.15M | $68.53M | $100.42M | $151.72M | $141.84M | $159.81M | $171.19M | $193.62M | $206.49M | $182.40M | $187.77M |
| Total Liabilities and Stockholders Equity | $839.32M | $847.34M | $903.14M | $894.68M | $1.04B | $1.10B | $1.09B | $1.10B | $1.07B | $1.15B | $334.20M | $314.17M | $347.74M | $309.15M | $220.75M | $234.38M | $255.37M | $323.91M | $283.65M | $269.79M |
| Minority Interest | $1.00K | $-49.00K | $-8.41M | $-10.74M | $-6.43M | $-6.29M | $-8.81M | $-2.99M | $-7.79M | $456.00K | $6.05M | $8.78M | $18.86M | $19.67M | $-120.00K | $-8.00K | $443.00K | $539.00K | $1.09M | $1.78M |
| Total Liabilities and Total Equity | $839.32M | $847.34M | $903.14M | $894.68M | $1.04B | $1.10B | $1.09B | $1.10B | $1.07B | $1.15B | $334.20M | $314.17M | $347.74M | $309.15M | $220.75M | $234.38M | $255.37M | $323.91M | $283.65M | $269.79M |
| Total Investments | $53.00K | $858.00K | $115.00K | $352.00K | $1.51M | $1.83M | $1.94M | $2.09M | $1.85M | $3.28M | $8.19M | $14.69M | $5.92M | $27.47M | $10.50M | $24.99M | $10.95M | $48.47M | $9.06M | $3.39M |
| Total Debt | $234.21M | $233.16M | $263.06M | $308.80M | $379.27M | $530.91M | $627.37M | $620.03M | $573.75M | $595.82M | $164.23M | $107.46M | $103.38M | $63.50M | $- | $- | $45.00K | $30.64M | $30.00M | $- |
| Net Debt | $223.81M | $205.97M | $245.60M | $277.33M | $350.84M | $499.45M | $598.51M | $576.10M | $540.14M | $541.94M | $91.03M | $21.48M | $6.36M | $-48.94M | $-60.58M | $-70.08M | $-56.09M | $-64.16M | $-51.51M | $-121.53M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-113.17M | $-69.66M | $-53.55M | $-91.70M | $-57.08M |
| Depreciation and Amortization | $52.76M | $59.96M | $66.95M | $67.61M | $42.98M |
| Deferred Income Tax | $- | $-9.79M | $-7.67M | $-16.95M | $- |
| Stock Based Compensation | $16.43M | $- | $14.07M | $- | $- |
| Change in Working Capital | $-29.64M | $35.96M | $-56.08M | $-28.76M | $-42.50M |
| Accounts Receivables | $-69.56M | $5.05M | $-55.59M | $22.58M | $-31.45M |
| Inventory | $2.97M | $18.40M | $-8.52M | $-2.23M | $180.00K |
| Accounts Payables | $10.55M | $5.47M | $-7.56M | $-7.14M | $-39.13M |
| Other Working Capital | $26.40M | $7.04M | $15.59M | $-41.97M | $27.90M |
| Other Non Cash Items | $62.46M | $107.11M | $6.89M | $178.09M | $33.75M |
| Net Cash Provided by Operating Activities | $-11.16M | $42.38M | $-29.40M | $3.23M | $-22.86M |
| Investments in Property Plant and Equipment | $-738.00K | $-822.00K | $-1.75M | $-15.29M | $-5.66M |
| Acquisitions Net | $- | $273.00K | $39.00K | $967.00K | $-73.64M |
| Purchases of Investments | $- | $-17.10M | $-16.44M | $-16.10M | $-69.99M |
| Sales Maturities of Investments | $- | $15.33M | $20.09M | $19.57M | $62.43M |
| Other Investing Activities | $12.85M | $-86.50M | $-602.00K | $-1.38M | $-10.89M |
| Net Cash Used for Investing Activities | $12.12M | $-88.82M | $1.33M | $-12.23M | $-97.75M |
| Debt Repayment | $1.37M | $-36.83M | $25.89M | $-4.36M | $99.13M |
| Common Stock Issued | $- | $85.91M | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-1.38M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-5.62M | $3.30M | $-7.30M | $-5.57M | $-18.98M |
| Net Cash Used Provided by Financing Activities | $-4.26M | $52.38M | $18.59M | $-7.35M | $89.36M |
| Effect of Forex Changes on Cash | $-983.00K | $-4.71M | $2.01M | $183.00K | $-854.00K |
| Net Change in Cash | $-4.28M | $7.00K | $-12.46M | $-9.96M | $-32.10M |
| Cash at End of Period | $27.19M | $31.47M | $31.46M | $43.92M | $53.88M |
| Cash at Beginning of Period | $31.47M | $31.46M | $43.92M | $53.88M | $85.99M |
| Operating Cash Flow | $-11.16M | $42.38M | $-29.40M | $3.23M | $-22.86M |
| Capital Expenditure | $-738.00K | $-822.00K | $-1.75M | $-15.29M | $-5.66M |
| Free Cash Flow | $-11.89M | $41.56M | $-31.15M | $-12.06M | $-28.52M |
Cash Flow Charts
| Breakdown | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | December 31, 2021 | June 30, 2021 | December 31, 2020 | June 30, 2020 | December 31, 2019 | June 30, 2019 | December 31, 2018 | June 30, 2018 | December 31, 2017 | June 30, 2017 | December 31, 2016 | June 30, 2016 | December 31, 2015 | June 30, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-54.10M | $-69.20M | $-43.97M | $-10.03M | $-59.63M | $11.15M | $-64.70M | $-42.55M | $-49.15M | $-29.81M | $-27.27M | $-38.13M | $2.09M | $-43.20M | $-14.11M | $-12.99M | $3.63M | $9.85M | $13.68M | $20.97M |
| Depreciation and Amortization | $24.83M | $25.57M | $27.19M | $28.33M | $31.63M | $33.16M | $33.78M | $32.94M | $34.67M | $32.75M | $10.23M | $3.34M | $4.90M | $2.00M | $2.04M | $1.23M | $1.03M | $1.36M | $1.70M | $1.52M |
| Deferred Income Tax | $- | $- | $-76.99M | $- | $- | $- | $-150.62M | $- | $- | $- | $- | $- | $- | $- | $-8.56M | $-3.64M | $9.21M | $1.30M | $13.88M | $- |
| Stock Based Compensation | $11.64M | $13.89M | $2.55M | $- | $- | $- | $14.07M | $- | $- | $- | $- | $- | $- | $- | $31.00K | $1.47M | $7.98M | $1.98M | $1.82M | $- |
| Change in Working Capital | $-14.56M | $45.58M | $-12.89M | $42.52M | $-6.56M | $-25.05M | $-31.03M | $-28.40M | $-359.00K | $-30.26M | $-12.24M | $-9.44M | $-16.20M | $5.43M | $10.82M | $65.00K | $-29.31M | $10.42M | $-22.15M | $9.12M |
| Accounts Receivables | $-11.73M | $22.85M | $-92.40M | $70.75M | $-65.70M | $-5.92M | $-49.66M | $12.07M | $10.50M | $-23.69M | $-7.76M | $-5.26M | $-12.22M | $3.49M | $8.53M | $2.17M | $-17.19M | $-3.28M | $-15.69M | $-373.00K |
| Inventory | $-2.85M | $-4.46M | $7.43M | $-14.33M | $32.73M | $14.89M | $-23.41M | $2.35M | $-4.58M | $13.00K | $167.00K | $-595.00K | $-718.00K | $-564.00K | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $-54.36M | $64.91M | $-8.47M | $13.94M | $-11.65M | $4.09M | $76.00K | $-7.22M | $-34.97M | $-4.16M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $11.00K | $27.19M | $7.18M | $-5.43M | $12.46M | $-22.37M | $37.96M | $-42.90M | $935.00K | $28.39M | $-484.00K | $-3.58M | $-3.27M | $2.51M | $2.29M | $-2.10M | $-12.12M | $13.70M | $-6.45M | $9.50M |
| Other Non Cash Items | $31.45M | $-18.66M | $95.73M | $-17.00K | $107.13M | $38.45M | $180.39M | $82.52M | $95.57M | $150.75M | $39.35M | $41.07M | $3.20M | $39.20M | $-155.00K | $17.98M | $-5.62M | $9.17M | $-4.93M | $-19.27M |
| Net Cash Provided by Operating Activities | $-739.00K | $-2.82M | $-8.39M | $52.09M | $-9.71M | $-11.30M | $-18.10M | $-6.86M | $10.10M | $-720.00K | $-22.14M | $-3.15M | $-6.01M | $3.42M | $-1.37M | $7.75M | $-22.29M | $32.78M | $-9.88M | $12.35M |
| Investments in Property Plant and Equipment | $-31.00K | $85.00K | $-907.00K | $-584.00K | $-238.00K | $-1.22M | $-539.00K | $-3.82M | $-11.47M | $-2.08M | $-3.58M | $-8.81M | $-7.89M | $-1.81M | $-1.25M | $-1.47M | $-571.00K | $-1.24M | $-1.40M | $-1.81M |
| Acquisitions Net | $- | $90.00K | $2.00K | $175.00K | $98.00K | $39.00K | $-6.20M | $967.00K | $- | $-73.64M | $- | $-3.68M | $-50.00M | $-23.68M | $-6.63M | $-3.35M | $- | $- | $- | $- |
| Purchases of Investments | $- | $-7.82M | $-13.83M | $-9.28M | $-7.82M | $-12.26M | $-4.17M | $-7.75M | $-8.35M | $-38.29M | $-31.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $23.08M | $10.63M | $10.89M | $4.43M | $9.71M | $10.37M | $7.89M | $11.68M | $34.02M | $28.41M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-14.35M | $15.27M | $-2.42M | $-86.50M | $-3.78M | $-602.00K | $6.20M | $-656.00K | $-5.78M | $-6.53M | $-4.36M | $9.48M | $224.00K | $1.14M | $-1.60M | $14.45M | $8.01M | $-33.60M | $-8.77M | $-300.00K |
| Net Cash Used for Investing Activities | $-14.38M | $15.36M | $-4.10M | $-84.69M | $-4.13M | $-4.33M | $5.66M | $1.68M | $-13.91M | $-86.52M | $-11.23M | $-3.01M | $-57.66M | $-24.35M | $-9.47M | $9.63M | $7.44M | $-34.84M | $-10.16M | $-2.12M |
| Debt Repayment | $-546.00K | $- | $235.00K | $- | $7.61M | $- | $15.27M | $- | $37.49M | $- | $23.90M | $- | $44.16M | $- | $- | $- | $-570.00K | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $88.40M | $3.92M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.33M | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.38M | $- | $-2.65M | $- | $- | $- | $- | $-4.76M | $- | $-109.00K | $-16.21M |
| Dividends Paid | $- | $- | $- | $- | $- | $-4.00K | $-4.00K | $- | $- | $- | $- | $- | $- | $- | $-63.00K | $- | $-22.76M | $-1.00K | $-19.66M | $- |
| Other Financing Activities | $-1.04M | $-2.06M | $-1.51M | $27.68M | $-6.19M | $16.33M | $-19.59M | $12.54M | $-57.39M | $68.11M | $-1.26M | $-476.00K | $4.17M | $71.76M | $- | $194.00K | $3.94M | $19.88M | $-145.00K | $-5.14M |
| Net Cash Used Provided by Financing Activities | $-1.59M | $-2.06M | $-1.28M | $40.25M | $12.13M | $16.32M | $2.27M | $12.54M | $-19.90M | $66.72M | $22.63M | $-3.13M | $48.33M | $71.76M | $-63.00K | $194.00K | $-24.14M | $19.88M | $-19.91M | $-21.35M |
| Effect of Forex Changes on Cash | $-90.00K | $-738.00K | $-245.00K | $-3.46M | $-1.26M | $1.10M | $910.00K | $2.47M | $-2.29M | $1.19M | $-2.05M | $-1.74M | $-437.00K | $1.39M | $1.41M | $-3.62M | $316.00K | $-4.54M | $-64.00K | $-944.00K |
| Net Change in Cash | $10.39M | $9.73M | $-14.01M | $3.03M | $-3.03M | $2.60M | $-15.06M | $10.32M | $-20.27M | $-19.32M | $-12.78M | $-11.03M | $-15.78M | $52.21M | $-9.50M | $13.95M | $-38.67M | $13.29M | $-40.01M | $-12.06M |
| Cash at End of Period | $10.39M | $27.19M | $17.46M | $31.47M | $28.44M | $31.46M | $28.86M | $43.92M | $33.61M | $53.88M | $73.20M | $85.99M | $97.01M | $112.79M | $60.58M | $70.08M | $56.13M | $94.81M | $81.51M | $121.53M |
| Cash at Beginning of Period | $- | $17.46M | $31.47M | $28.44M | $31.46M | $28.86M | $43.92M | $33.61M | $53.88M | $73.20M | $85.99M | $97.01M | $112.79M | $60.58M | $70.08M | $56.13M | $94.81M | $81.51M | $121.53M | $133.59M |
| Operating Cash Flow | $-739.00K | $-2.82M | $-8.39M | $52.09M | $-9.71M | $-11.30M | $-18.10M | $-6.86M | $10.10M | $-720.00K | $-22.14M | $-3.15M | $-6.01M | $3.42M | $-1.37M | $7.75M | $-22.29M | $32.78M | $-9.88M | $12.35M |
| Capital Expenditure | $-31.00K | $85.00K | $-907.00K | $-584.00K | $-238.00K | $-1.22M | $-539.00K | $-3.82M | $-11.47M | $-2.08M | $-3.58M | $-8.81M | $-7.89M | $-1.81M | $-1.25M | $-1.47M | $-571.00K | $-1.24M | $-1.40M | $-1.81M |
| Free Cash Flow | $-770.00K | $-2.74M | $-9.29M | $51.51M | $-9.95M | $-12.51M | $-18.64M | $-10.69M | $-1.38M | $-2.80M | $-25.72M | $-11.96M | $-13.90M | $1.61M | $-2.62M | $6.28M | $-22.86M | $31.55M | $-11.28M | $10.53M |
Graphex Group Dividends
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Graphex Group News
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Updates on Graphex China Expansion Plan
Hong Kong, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128)) wishes to inform the shareholders and potential investors that the Company and Nanshu Town Government have intention of jointly working in the construction of the Phase 2 of graphite deep processing project (“Phase 2 Project”) located in the graphite industry cluster area of Nanshu Town, Laixi City, Qingdao, Shandong, PRC (“Location”). The Phase 2 Project will implement manufacturing facilities that produce 20,000 tonnes of natural graphite anode material used in lithium-ion batteries and 100 tonnes of graphene oxide used as additives in battery systems to enhance conductivities. Phase 2 Project involves an acquisition of a piece of land of around 80 mu (approximately 5.33 hectare) in the Location and the construction of not less than 50,000 sq. meter (approximately 540,000 sq. ft.). Nanshu Town Government has principally agreed that the Company may build its own renewable energy plant for its factory use. The total investment of the Phase 2 Project is estimated to be around US$ 30 million. The land to be acquired by the Company for the Phase 2 Project will be put out for auction within 6 months after all relevant project plans and approvals are ready. The Company estimates the construction of the Phase 2 Project will start within 4 to 6 months after the land auction if the Company successfully acquires the land.
Graphex Receives an Extension to Comply with the Continued Listing Requirements on the NYSE American
Hong Kong, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128)) announced today that it received an extension from the NYSE American LLC (the “Exchange”) for an additional period (the “Additional Cure Period”) to regain compliance with the NYSE American listing rules for American Depository Shares (ADS) on the Exchange until May 15, 2025 (the “New Cure Deadline”). The Company did not timely file with the Securities and Exchange Commission (“SEC”) its Form 20-F for the year ended December 31, 2023 (the “Delayed Filing”). The initial cure period for the Company to maintain its listing of its ADS listed on the Exchange expired on November 15, 2024. The listing of the ADSs continues on the Exchange during the Additional Cure Period pursuant to this extension, subject to the Company's compliance with other continued listing requirements and the NYSE Regulation Staff's review of the Company's efforts to regain compliance with the Exchange's continued listing standards. The expiration of the initial cure period and the grant of the Additional Cure Period by the Exchange does not affect the Company's business operations or its reporting obligations under the Securities and Exchange Commission regulations and rules. The Company plans to file the Delayed Filing as soon as possible and in any event within the Additional Cure Period. However, there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards.
Graphex Group Provides Important Updates on its Global Mine-to-Battery Solution, Including the Separation of its US Subsidiary Graphex Technologies LLC into a Standalone U.S. company, and Financing for a 200% Production Increase over Current Levels
WARREN, Mich.--(BUSINESS WIRE)--Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128), together with its wholly owned U.S. subsidiary, Graphex Technologies, LLC (Graphex Tech), see the recent steps being taken by the governments of the US and China as validation of Graphex's long-standing strategy to expand operations globally and to create separate, domestic end-to-end production ecosystems – from mine to battery – to serve both markets. With over a decade.
Graphite for North America Graphex Group Receives Unsolicited Preliminary Offer and LOI to Buy Graphex Technologies and Propel its North American Expansion Strategy
WARREN, Mich.--(BUSINESS WIRE)--Graphex Group Limited (“Graphex Group” or the “Company”) (NYSE American: GRFX | HKSE: 6128), together with its wholly owned U.S. subsidiary, Graphex Technologies, LLC (Graphex Tech), today announced that it has entered into a Letter of Intent (LOI) with an independent NASDAQ-listed blank check company (the “Purchaser”), pursuant to which the Purchaser proposes to acquire 100% of the equity interest of Graphex Tech, which is held by Graphex Group, (the “Acquisitio.
Graphite Miners News For The Month Of November 2023
China flake graphite prices & spherical graphite prices were flat to slightly lower the past month. Slightly higher in Europe. Graphite market news - European graphite price increase in November 2023 amidst China export curtailment/permit set to begin on December 1, 2023. Graphite company news - MRC takes 100% ownership of Skaland. Northern Graphite resumes processing at North America's only producing graphite mine.
Graphex Technologies Reinforces its Diverse Mine-to-Battery Global Strategy Following the Announcement of Graphite Export Limits from China
WARREN, Mich.--(BUSINESS WIRE)--Graphex Group Limited, together with its wholly owned U.S. subsidiary, Graphex Technologies, LLC (“Graphex” or the “Company”) (NYSE American: GRFX | HKSE: 6128), is pleased to comment on the recent news out of China regarding new controls on graphite exports, and to re-emphasize its strategic approach to deliver the necessary anode material to meet the needs of North American automakers and battery manufacturers for Lithium-ion batteries required for EVs, energy.
Graphite Miners News For The Month Of August 2023
Flake graphite prices & spherical graphite prices were flat the past month. Graphite market news - Fastmarkets: "The graphite long-term outlook remains strong" but "Synthetic graphite AAM capturing rising market share." Graphite company news - Syrah extends USA supply chain support through binding offtake agreements for Balama natural graphite with Graphex and Westwater. Syrah enters into MOU with Samsung SDI.
American Resources Corp. and Graphex Group Interviews to Air on the RedChip Money Report(R) on Bloomberg TV
ORLANDO, FL / ACCESSWIRE / August 18, 2023 / RedChip Companies will air interviews with American Resources Corporation (Nasdaq:AREC) and Graphex Group Limited (NYSE American:GRFX) on The RedChip Money Report®, a sponsored program on Bloomberg TV, this Saturday, August 19, at 7 p.m. Eastern Time (ET).
Graphex Technologies Announces New Offtake Agreement With Syrah Resources for High Quality Natural Flake Graphite From Their Balama Graphite Operation
ROYAL OAK, Mich.--(BUSINESS WIRE)--Graphex Technologies, LLC, a wholly-owned subsidiary of Graphex Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE: 6128), a global leader in mid-stream processing of natural graphite anode material for use in Lithium-ion (Li-ion) batteries, today announced that it has entered into an offtake agreement with a wholly-owned subsidiary of Syrah Resources Limited (Syrah) for natural flake graphite from Syrah's Balama graphite operation in Mozambiqu.
Graphite Miners News For The Month Of July 2023
Flake graphite prices & spherical graphite prices were lower the past month. The fall in synthetic graphite prices and increased capacity in China have weighed on prices of natural graphite. Graphite market news - Investing News - "The flake graphite market is expected to be in deficit in 2024 and 2025".
Graphite Miners News For The Month Of June 2023
Flake graphite prices were lower and spherical graphite prices were lower over the past month. Fastmarkets - "Spherical natural graphite prices plunge to 11-year lows in China." Project Blue forecasts a global supply deficit of 777,000t of flake graphite by 2030. BMI: Natural graphite will require $3b and synthetic graphite $1.5 investment to 2030. NextSource Materials announced first production of SuperFlake® Graphite at Molo Mine in Madagascar. Talga Group secured AU$239 million debt funding for Swedish Anode Project.
GRFX Stock Gains 66% as Graphex Uplists on NYSE American
Source: Sergii Chernov / Shutterstock.com Graphex (NYSEMKT: GRFX ) stock is gaining on Monday after the graphite and graphene company completed its uplisting to the NYSE American Exchange. Graphex completed an upsized offering of 4,695,653 American Depositary Shares to list its stock on the NYSE American Exchange.
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