Grande Group Ltd
ir.grande-capital.comWhat Do They Do?
Provides corporate finance advice and securities services to companies and financial institutions, and supplies executive training materials to course operators.
20-F for FY2026, filed Jul 31, 2026Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia.…View ↗
Wicens International focuses on providing underwriting and placing, securities dealing and brokerage services to clients in Hong Kong.…View ↗
Grande Consulting, through Shenzhen Zhenjing, principally engaged in the provision of executive training and corporate finance consulting…View ↗
Our clients mainly comprise listing applicants and listed companies on the HKSE (and their respective management and shareholders)…View ↗
How Do They Make Money?
Companies pay fixed fees for general advisory work through milestone installments; corporate customers pay percentage-based referral fees when fundraising transactions finish. IPO sponsorship and independent advice also use milestone payments, while compliance advice carries a monthly fee.
20-F for FY2026, filed Jul 31, 2026General advisory services: these mainly include (i) advisory works for private companies, public companies listed on HKSE, as well as their…View ↗
Independent financial advisory services: these mainly include providing advice to the independent board committee and independent…View ↗
Compliance advisory services: these mainly include advisory works to listed companies in Hong Kong in relation to post-listing compliance…View ↗
Since mid-2024, Grande Capital also provides referral services to other professional parties, such as financial institutions, for equity…View ↗
Referral income generated by provision of referral services by acting as agent to corporate customers. The Company refers clients to…View ↗
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20-F for FY2026, filed Jul 31, 2026
FY2026 revenue by product or service ↗
$1.8M
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20-F for FY2026, filed Jul 31, 2026
$1.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
IPO sponsorship services
Sold outright
|
4.1%
FY2023: 66%
|
IPO sponsorship services, FY2026
$105.5K Sources
|
Sold outright |
|
Referral services – related party
Sold outright
20-F for FY2026, filed Jul 31, 2026 |
30% |
Referral services – related party, FY2026
$769.2K Sources
|
Sold outright |
|
General advisory services
Sold outright
20-F for FY2026, filed Jul 31, 2026 |
32%
FY2023: 13%
|
General advisory services, FY2026
$817.7K Sources
|
Sold outright |
|
Independent financial advisory services
Sold outright
|
6.7%
FY2023: 1.5%
|
Independent financial advisory services, FY2026
$173.6K Sources
|
Sold outright |
|
Compliance advisory services
Recurring
|
9.0%
FY2023: 14%
|
Compliance advisory services, FY2026
$232.4K Sources
|
Recurring |
|
Course materials supplying
|
19% |
Course materials supplying, FY2026
$478.5K Sources
|
Who Are Their Customers?
Clients include listing applicants and listed companies, financial institutions, and other businesses. Grande Capital and Wicens find work through industry networks, referrals, and direct approaches; Shenzhen Zhenjing supplies course materials to independent course operators and finds clients through referrals.
20-F for FY2026, filed Jul 31, 2026Our clients mainly comprise listing applicants and listed companies on the HKSE (and their respective management and shareholders)…View ↗
The sales and marketing function of Grande Capital and Wicens International are performed by the management and project execution team…View ↗
For Shenzhen Zhenjing, it develops its customers and clients primarily through referrals from industry professionals and existing clients.…View ↗
Following our acquisition of Shenzhen Zhenjing, through Grande Consulting and Shenzhen Zhenjing, we expanded our footprint into executive…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.5M in FY2026.
20-F for FY2026, filed Jul 31, 2026
How Are They Changing?
Shrinking. Revenue fell 53% in 3 years, from $3.9M in FY2023 to $1.8M in FY2026, about 22% a year.
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