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1. Company Snapshot

1.a. Company Description

Golden Heaven Group Holdings Ltd., an offshore holding company, engages in the development, construction, management, and operation of urban amusement parks, water parks, amusement projects, and amusement facilities in China.It operates six amusement parks, water parks, and complementary recreational facilities.The company was incorporated in 2020 and is headquartered in Nanping, the People's Republic of China.

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1.b. Last Insights on GDHG

The recent 3 months performance of Golden Heaven Group Holdings Ltd. was marred by a series of negative developments. The company's share consolidation on a 25 for 1 ratio, effective May 9, 2025, significantly reduced the number of outstanding shares, potentially diluting existing shareholders' stakes. Furthermore, the company's amusement park operations in China have been impacted by the ongoing economic downturn, leading to decreased foot traffic and revenue. Additionally, the company's recent earnings release revealed a decline in revenue and profitability, underscoring the challenges it faces in the highly competitive Chinese entertainment industry.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Reviewing Golden Heaven Group (NASDAQ:GDHG) and Interactive Strength (NASDAQ:TRNR)

Nov -23

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Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) Short Interest Update

Oct -24

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Head-To-Head Review: Golden Heaven Group (NASDAQ:GDHG) & AMC Entertainment (NYSE:AMC)

Oct -22

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Golden Heaven Group Holdings Ltd. Announces 15 for 1 Share Consolidation

Aug -26

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Golden Heaven Group Holdings Ltd. Announces 25 for 1 Share Consolidation

May -06

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Golden Heaven Group Holdings Ltd. Launches Wedding Photography and Light Show Projects

Feb -19

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Golden Heaven Group Holdings Ltd. Enters into RMB15 Million Agreement for Management Solutions

Jan -08

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Golden Heaven Group Holdings Ltd. Secures Investment of US$25.2 Million and Enters Into Amendments to Outstanding Warrants

Nov -19

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.29%)

6. Segments

In-park Recreation

Expected Growth: 8.5%

Growing demand for immersive experiences, increasing disposable income, and advancements in theme park technology drive the growth of In-park Recreation. The segment is poised to benefit from Golden Heaven Group Holdings Ltd.'s focus on enhancing visitor experiences through innovative leisure activities and amenities.

Rental Income

Expected Growth: 5.2%

Rental income from Golden Heaven Group Holdings Ltd. is driven by increasing demand for commercial and residential properties, strategic location of properties, and the company's diversified portfolio. Additionally, the company's focus on property management and maintenance is expected to attract and retain tenants, further boosting rental income.

Park Service Fee

Expected Growth: 3.5%

The Park Service Fee's growth is driven by increasing demand for property maintenance and upkeep services, coupled with Golden Heaven Group Holdings Ltd.'s expanding property portfolio and rising property values.

7. Detailed Products

Property Development

Golden Heaven Group Holdings Ltd. develops and invests in residential and commercial properties, providing high-quality living and working spaces.

Hotel Operations

The company operates a chain of luxury hotels, offering premium hospitality services and amenities to guests.

Food and Beverage

Golden Heaven Group Holdings Ltd. owns and operates restaurants, cafes, and bars, serving a range of cuisines and beverages.

Travel and Tourism

The company provides travel agency services, offering customized tour packages and travel arrangements.

Investment and Asset Management

Golden Heaven Group Holdings Ltd. offers investment and asset management services, managing a diverse portfolio of assets.

8. Golden Heaven Group Holdings Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Golden Heaven Group Holdings Ltd. is medium due to the presence of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the availability of alternative products and services, and the ability of customers to switch to competitors.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the company's strong relationships with suppliers and the availability of alternative suppliers.

Threat Of New Entrants

The threat of new entrants is medium due to the presence of barriers to entry, such as high capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several competitors in the market, and the need to differentiate products and services to gain a competitive advantage.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 9.34%
Debt Cost 3.95%
Equity Weight 90.66%
Equity Cost 3.95%
WACC 3.95%
Leverage 10.30%

11. Quality Control: Golden Heaven Group Holdings Ltd. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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China Auto

A-Score: 6.8/10

Value: 8.7

Growth: 5.9

Quality: 5.6

Yield: 5.0

Momentum: 7.0

Volatility: 8.7

1-Year Total Return ->

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Sats

A-Score: 5.2/10

Value: 5.5

Growth: 5.9

Quality: 5.6

Yield: 1.2

Momentum: 9.5

Volatility: 3.7

1-Year Total Return ->

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Vista Outdoor

A-Score: 4.5/10

Value: 5.2

Growth: 5.0

Quality: 5.7

Yield: 0.0

Momentum: 5.0

Volatility: 6.0

1-Year Total Return ->

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Harvia

A-Score: 3.8/10

Value: 1.8

Growth: 5.1

Quality: 6.6

Yield: 3.8

Momentum: 2.0

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Golden Heaven

A-Score: 3.2/10

Value: 7.0

Growth: 2.9

Quality: 4.1

Yield: 0.0

Momentum: 4.0

Volatility: 1.0

1-Year Total Return ->

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Dogness

A-Score: 3.1/10

Value: 7.0

Growth: 2.7

Quality: 4.6

Yield: 0.0

Momentum: 2.0

Volatility: 2.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.97$

Current Price

3.97$

Potential

-0.00%

Expected Cash-Flows