Greenpro Capital
GRNQ on Nasdaq. Greenpro Capital sells financial consulting and corporate advisory services to businesses in China. Market value $121m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
Read the warning sign in its own filings
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-1.31 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 20 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$7.57 a share, 37% above its 1-year low
Over the past year the price has ranged from $5.51 to $31.80.
Pays no dividend
Price from Friday’s close (16 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3m | $4m | $3m | $3m | $2m |
| Operating margin | |||||
| Operating margin | -93.4% | -41.3% | -43.2% | -27.7% | -103.8% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.02bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- DebtUnknown
- Revenue growth, five yearsShrinking, 1.7% a year
- Buying back its own sharesNo, 130% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $302,167 last quarter, down 29% on a year ago.
- A loss of $709,383, compared with a loss of $574,128 a year ago.
- It loses 126 cents on each $1 of sales, compared with 36 cents a year earlier.
- 132% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $539,699 |
| December 2024 | $2m |
| March 2025 | $352,755 |
| June 2025 | $427,092 |
| September 2025 | $393,228 |
| December 2025 | $900,482 |
| March 2026 | $405,386 |
| June 2026 | $302,167 |
| Quarter to | Amount |
|---|---|
| September 2024 | -$330,320 |
| December 2024 | $443,156 |
| March 2025 | -$635,576 |
| June 2025 | -$574,128 |
| September 2025 | -$513,226 |
| December 2025 | -$1m |
| March 2026 | -$911,576 |
| June 2026 | -$709,383 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 30 March 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
We don't have fund holdings for this stock yet.
Big holders and activists
1 investor owns more than 5%.
- LEE CHONG KUANGInsider or founder11.6%+0.3 ptsSince 30 June 2026
What they said
The Reporting Person acquired the shares of Common Stock reported herein for investment purposes and to provide financial support for the Issuer's operations. Except as set forth herein, the Reporting Person does not have any present plans or proposals that relate to or would…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
LEE CHONG KUANG Insider or founder | 11.6%+0.3 pts | 30 June 2026 | What they saidThe Reporting Person acquired the shares of Common Stock reported herein for investment purposes and to provide financial support for the Issuer's operations. Except as set forth herein, the Reporting Person does not have any present plans or proposals that relate to or would… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $400,114 of shares on the open market.
- LEE CHONG KUANGChief Executive Officer, DirectorBought
- Date
- 30 June 2026
- Shares
- 65,591
- Price
- $1.52
- Value
- $100,000
- LEE CHONG KUANGChief Executive Officer, DirectorBought
- Date
- 29 May 2026
- Shares
- 28,949
- Price
- $1.73
- Value
- $50,082
- LEE CHONG KUANGChief Executive Officer, DirectorBought
- Date
- 28 April 2026
- Shares
- 107,310
- Price
- $2.33
- Value
- $250,032
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 30 June 2026 | LEE CHONG KUANG Chief Executive Officer, Director | Bought | 65,591 | $1.52 | $100,000 |
| 29 May 2026 | LEE CHONG KUANG Chief Executive Officer, Director | Bought | 28,949 | $1.73 | $50,082 |
| 28 April 2026 | LEE CHONG KUANG Chief Executive Officer, Director | Bought | 107,310 | $2.33 | $250,032 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in Greenpro Capital’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 30 Mar 2026, plus the 10-Q filed 5 Aug 2026 and 12 later 8-Ks.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued.”
Show the full paragraph
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. During the six months ended June 30, 2026, the Company incurred a net loss of $ 1,620,959 and net cash used in operations of $ 1,266,864 , and as of June 30, 2026, the Company incurred an accumulated deficit of $ 41,867,671 . These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. In addition, the Company’s independent registered public accounting firm, in its report on the Company’s December 31, 2025 financial statements, has expressed substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
From the 10-Q filed 5 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“On September 10, 2025, the Board of Directors, as well as the Audit Committee of Greenpro Capital Corp. (the “Company”), approved and accepted the resignation of JP Centurion & Partners PLT (“JP Centurion”) as the Company’s independent registered public accounting firm, effective immediately.”
From an 8-K filed 23 September 2025: Change of auditor. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 1.7% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.