Live News • Jul 03
DL Holdings Net Profit Up 168% as Group Expands Into Digital AI Finance DL Holdings Group reported a 168% surge in net profit for the year ended 31 March 2026, supported by gains in financial assets and a refreshed business structure that includes a new digital AI finance segment.
Management outlined four core business segments spanning traditional financial services and digital AI finance, along with investment in AI computing infrastructure, fintech projects, and institutional AI research to build a wider digital finance ecosystem.
DL Holdings Group shares last traded at HK$1.17, with the stock down 48.7% year to date, placing the latest profit increase and AI-focused expansion against a backdrop of a weaker share price.
The combination of sharply higher net profit and increased spending on AI-related capabilities focuses attention on how DL Holdings Group executes on its digital finance plans and whether those initiatives can support more stable earnings and improve market confidence over time. Reported Earnings • Jul 02
Full year 2026 earnings released: EPS: HK$0.21 (vs HK$0.093 in FY 2025) Full year 2026 results: EPS: HK$0.21 (up from HK$0.093 in FY 2025). Revenue: HK$308.1m (up 88% from FY 2025). Net income: HK$363.1m (up 165% from FY 2025). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Recent Insider Transactions • Mar 12
Executive Chairman of the Board & CEO recently bought HK$2.1m worth of stock On the 9th of March, Ningdi Chen bought around 2m shares on-market at roughly HK$1.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$5.4m. Ningdi has been a buyer over the last 12 months, purchasing a net total of HK$30m worth in shares. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.39, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 19x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 47% over the past three years. Recent Insider Transactions • Feb 12
Executive Chairman of the Board & CEO recently bought HK$1.7m worth of stock On the 6th of February, Ningdi Chen bought around 1m shares on-market at roughly HK$1.72 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$5.4m. Ningdi has been a buyer over the last 12 months, purchasing a net total of HK$25m worth in shares. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$1.71, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 19x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.21, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 21x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 24% over the past three years. Announcement • Jan 07
DL Holdings Group Limited Appoints Qiao Linjian As Non-Executive Director, Effective January 19, 2026 DL Holdings Group Limited announced the appointment of Mr. Qiao Linjian as a non-executive director with effect from January 19, 2026. Mr. Qiao, aged 50, has extensive experience in security investment management. From October 2021 to February 2023, he served as the executive head and investment director of the asset management equity investment department at Beijing Asset Management Branch of Founder Securities Co. Ltd. From March 2023 to February 2025, he served as the general manager of the equity investment department at China Post Insurance Asset Management Company Limited. He is currently the deputy general manager (acting in charge) of the asset management center at Hongkang Life Insurance Company Limited. He is also proposed to be appointed as a non-executive director of Jiangsu Suzhou Rural Commercial Bank Co., Ltd, which his proposed appointment has been approved at the extraordinary general meeting of JSRCB convened on November 20, 2025 but subject to the approval from the relevant regulatory authority on his appointment. Mr. Qiao obtained a Master’s degree in Economics from Beijing Technology and Business University in July 2002. Mr. Qiao entered into a letter of appointment for an initial term of two years from January 19, 2026. Mr. Qiao is subject to re-election or retirement by rotation at the general meetings of the Company pursuant to the articles of association of the Company. Reported Earnings • Jan 03
First half 2026 earnings released: EPS: HK$0.13 (vs HK$0.005 in 1H 2025) First half 2026 results: EPS: HK$0.13 (up from HK$0.005 in 1H 2025). Revenue: HK$115.7m (up 93% from 1H 2025). Net income: HK$200.5m (up HK$192.7m from 1H 2025). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 02
DL Holdings Group Limited Provides Production Guidance for the Full Year 2026 DL Holdings Group Limited provided production guidance for the full year 2026. For the year, the group forecasts Bitcoin production of approximately 600 BTC to 700 BTC (subject to network difficulty, Bitcoin price, uptime and other operating conditions). Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$1.88, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 19x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 36% over the past three years. Recent Insider Transactions • Dec 22
Executive Chairman of the Board & CEO recently bought HK$3.9m worth of stock On the 18th of December, Ningdi Chen bought around 3m shares on-market at roughly HK$1.52 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ningdi has been a buyer over the last 12 months, purchasing a net total of HK$6.9m worth in shares. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.90, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 20x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 29% over the past three years. Reported Earnings • Nov 29
First half 2026 earnings released: EPS: HK$0.13 (vs HK$0.005 in 1H 2025) First half 2026 results: EPS: HK$0.13 (up from HK$0.005 in 1H 2025). Revenue: HK$115.7m (up 93% from 1H 2025). Net income: HK$200.5m (up HK$192.7m from 1H 2025). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Announcement • Nov 14
DL Holdings Group Limited to Report First Half, 2026 Results on Nov 27, 2025 DL Holdings Group Limited announced that they will report first half, 2026 results on Nov 27, 2025 New Risk • Nov 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$160m sold). Announcement • Nov 03
DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 778.39965 million. DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 778.39965 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 255,213,000
Price\Range: HKD 3.05
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$2.51, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 22x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 4.4% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.23, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 26x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 17% over the past three years. New Risk • Aug 21
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$167m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$167m sold). Announcement • Aug 15
DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 594.2952 million. DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 594.2952 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 201,456,000
Price\Range: HKD 2.95
Transaction Features: Subsequent Direct Listing Announcement • Aug 07
DL Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 594.2952 million. DL Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 594.2952 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 201,456,000
Price\Range: HKD 2.95 Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: HK$0.093 (vs HK$0.07 in FY 2024) Full year 2025 results: EPS: HK$0.093 (up from HK$0.07 in FY 2024). Revenue: HK$164.3m (down 8.9% from FY 2024). Net income: HK$136.8m (up 37% from FY 2024). Profit margin: 83% (up from 55% in FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 18
Independent Non-Executive Director recently sold HK$5.7m worth of stock On the 10th of July, Chun Liu sold around 1m shares on-market at roughly HK$4.78 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$15m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to HK$3.99, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 26x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 54% over the past three years. Reported Earnings • Jun 26
Full year 2025 earnings released: EPS: HK$0.093 (vs HK$0.07 in FY 2024) Full year 2025 results: EPS: HK$0.093 (up from HK$0.07 in FY 2024). Revenue: HK$159.7m (down 11% from FY 2024). Net income: HK$136.8m (up 37% from FY 2024). Profit margin: 86% (up from 55% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
DL Holdings Group Limited, Annual General Meeting, Sep 12, 2025 DL Holdings Group Limited, Annual General Meeting, Sep 12, 2025. Announcement • Jun 12
DL Holdings Group Limited to Report Fiscal Year 2025 Results on Jun 25, 2025 DL Holdings Group Limited announced that they will report fiscal year 2025 results on Jun 25, 2025 New Risk • Jun 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$8.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Significant insider selling over the past 3 months (HK$8.2m sold). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$3.50, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 21x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 44% over the past three years. Recent Insider Transactions • Mar 12
Independent Non-Executive Director recently bought HK$5.9m worth of stock On the 6th of March, Chun Liu bought around 1m shares on-market at roughly HK$4.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$20m more in shares than they have sold in the last 12 months. New Risk • Dec 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$4.87, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 21x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 99% over the past three years. Reported Earnings • Dec 01
First half 2025 earnings released: EPS: HK$0.005 (vs HK$0.005 in 1H 2024) First half 2025 results: EPS: HK$0.005 (in line with 1H 2024). Revenue: HK$60.1m (down 34% from 1H 2024). Net income: HK$7.75m (up 11% from 1H 2024). Profit margin: 13% (up from 7.7% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Announcement • Nov 15
DL Holdings Group Limited to Report First Half, 2025 Results on Nov 27, 2024 DL Holdings Group Limited announced that they will report first half, 2025 results on Nov 27, 2024 Recent Insider Transactions • Oct 17
Insider recently bought HK$4.2m worth of stock On the 15th of October, Xinrong Jiang bought around 1m shares on-market at roughly HK$4.15 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$4.85, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 23x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 09 October 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (8.6%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 04
Full year 2024 earnings released: EPS: HK$0.072 (vs HK$0.035 loss in FY 2023) Full year 2024 results: EPS: HK$0.072 (up from HK$0.035 loss in FY 2023). Revenue: HK$180.3m (flat on FY 2023). Net income: HK$99.9m (up HK$149.1m from FY 2023). Profit margin: 55% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$4.26, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 16x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 53% over the past three years. Declared Dividend • Jun 29
Dividend increased to HK$0.02 Dividend of HK$0.02 is 92% higher than last year. Ex-date: 19th September 2024 Payment date: 9th October 2024 Dividend yield will be 0.4%, which is lower than the industry average of 4.2%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 205%. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: HK$0.072 (vs HK$0.035 loss in FY 2023) Full year 2024 results: EPS: HK$0.072 (up from HK$0.035 loss in FY 2023). Revenue: HK$180.3m (flat on FY 2023). Net income: HK$99.9m (up HK$149.1m from FY 2023). Profit margin: 55% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Jun 15
DL Holdings Group Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 DL Holdings Group Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Significant insider selling over the past 3 months (HK$4.8m sold). Announcement • Apr 10
DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 225.295 million. DL Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 225.295 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,370,000
Price\Range: HKD 3.5
Discount Per Security: HKD 0.0175 Announcement • Mar 23
DL Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 350 million. DL Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 350 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: HKD 3.5
Discount Per Security: HKD 0.0175 Reported Earnings • Nov 30
First half 2024 earnings released: EPS: HK$0.005 (vs HK$0.022 loss in 1H 2023) First half 2024 results: EPS: HK$0.005 (up from HK$0.022 loss in 1H 2023). Revenue: HK$91.1m (down 23% from 1H 2023). Net income: HK$6.98m (up HK$37.2m from 1H 2023). Profit margin: 7.7% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Nov 30
DL Holdings Group Limited (SEHK:1709) completed the acquisition of remaining 55% stake in DL Family Office (Hong Kong) Limited from group of sellers. DL Holdings Group Limited (SEHK:1709) signed a Memorandum of Understanding to acquire remaining 55% stake in DL Family Office (Hong Kong) Limited from group of seller for approximately HKD 500 million on July 10, 2023. DL Holdings Group Limited (SEHK:1709) agreed to acquire remaining 55% stake in DL Family Office (Hong Kong) Limited for HKD 220 million on September 14, 2023. As of 2022, DL Family Office reported net profit of HKD 20 million, revenue of HKD 40 million and profit before tax was HKD 24 million. As of June 30, 2023, the unaudited net assets of DL Family Office amounted to approximately HKD 54.07 million. The transaction is subject to approval of board and shareholders of DL Holdings and completed the due diligence. As of October 25, 2023, the transaction has been approved by board of DL Holdings Group Limited. Kingston Corporate Finance Limited acted as financial advisor to DL Holdings Group. Boardroom Share Registrars (HK) Limited acted as registrar and transfer agent to DL Holdings Group.DL Holdings Group Limited (SEHK:1709) completed the acquisition of remaining 55% stake in DL Family Office (Hong Kong) Limited from group of sellers on November 28, 2023. Announcement • Nov 22
DL Holdings Group Limited Announces Directorate Appointments The board of directors of DL Holdings Group Limited announced that Mr. Wang Yidingis appointed as a non-executive Director with effect from 21 November 2023. Mr. Wang, aged 40, has over 16 years of experience in the finance industry across public and private markets. He was representative at Goldman Sachs (Asia) L.L.C. from April 2010 to March 2012. He served at CSOP Asset Management Limited, a company licensed by the Securities and Futures Commission for Type 1 (dealing with securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (the "SFO"), from April 2012 to August 2016, with his last position being a deputy chief marketing officer. He served as a managing director at CMB International Asset Management Limited from June 2017 to January 2022. He is currently a partner at Tiger Jade Capital, a private equity fund focused on global healthcare industry and the senior corporate strategy advisor at Suzhou Tiantongweishi Electronic Technology Co. Ltd., a China-based startup that specializes in developing vision systems for autonomous vehicles. Mr. Wang obtained a bachelor's degree in economics from Tsinghua University in July 2006. The Board is also pleased to announce that Mr. Li Xiaoxiao is appointed as an independent non-executive Director with effect from 21 November 2023. Mr. Li, aged 35, obtained his bachelor's degree in accounting from the University of Southern California in August 2010. Mr. Li is a certified public accountant in the State of New York. Mr. Li has years of experience in the financial services industry. He served at China Cinda (HK) Holdings Company Limited from July 2016 to November 2020 with his last position being an executive director. He served as a managing director at a private equity fund licensed by the Securities and Futures Commission for Type 1 (dealing with securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO, from November 2020 to November 2023. He is the founding partner of Pilot Capital Holdings Limited since October 2023. The Board announces that Mr. Li has been appointed as a member of the nomination committee of the Company and a member of the remuneration committee of the Company with effect from 21 November 2023. Announcement • Nov 17
DL Holdings Group Limited to Report First Half, 2024 Results on Nov 29, 2023 DL Holdings Group Limited announced that they will report first half, 2024 results on Nov 29, 2023 New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 12
DL Holdings Group Limited Declares a Final Dividend for the Year Ended 31 March 2023 DL Holdings Group Limited at its Annual General Meeting held on 11 September 2023 declared a final dividend of HKD 0.0103 per share of the Company for the year ended 31 March 2023. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.01 per share at 0.3% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 04 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 30
Full year 2023 earnings released: HK$0.035 loss per share (vs HK$0.078 profit in FY 2022) Full year 2023 results: HK$0.035 loss per share (down from HK$0.078 profit in FY 2022). Revenue: HK$179.4m (down 40% from FY 2022). Net loss: HK$49.2m (down 145% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Jul 10
DL Holdings Group Limited (SEHK:1709) signed a Memorandum of Understanding to acquire remaining 55% stake in DL Family Office (Hong Kong) Limited for approximately HKD 500 million. DL Holdings Group Limited (SEHK:1709) signed a Memorandum of Understanding to acquire remaining 55% stake in DL Family Office (Hong Kong) Limited for approximately HKD 500 million on July 10, 2023. As of 2022, DL Family Office reported net profit of HKD 20 million. Reported Earnings • Jun 28
Full year 2023 earnings released: HK$0.035 loss per share (vs HK$0.078 profit in FY 2022) Full year 2023 results: HK$0.035 loss per share (down from HK$0.078 profit in FY 2022). Revenue: HK$180.0m (down 40% from FY 2022). Net loss: HK$49.2m (down 145% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
First half 2023 earnings released: HK$0.021 loss per share (vs HK$0.038 profit in 1H 2022) First half 2023 results: HK$0.021 loss per share (down from HK$0.038 profit in 1H 2022). Revenue: HK$117.3m (down 22% from 1H 2022). Net loss: HK$30.2m (down 159% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 01
DL Holdings Group Limited Do Not Recommend Payment of Interim Dividend for Six Months Ended 30 September 2022 The directors of DL Holdings Group Limited do not recommend the payment of an interim dividend for the six months ended 30 September 2022 (six months ended 30 September 2021: the directors of the Company declared an interim dividend of HK 1.04 cents per share, amounting to approximately HKD 14,873,000). Announcement • Nov 18
DL Holdings Group Limited to Report First Half, 2023 Results on Nov 30, 2022 DL Holdings Group Limited announced that they will report first half, 2023 results on Nov 30, 2022 Announcement • Nov 17
DL Holdings Group Limited Provides Revenue Guidance for the Six Months Ended 30 September 2022 DL Holdings Group Limited provided revenue guidance for the six months ended 30 September 2022. For the period, the company expected to record a net loss of approximately HKD 29 million to HKD 31 million for the Period as compared to the net profit of approximately HKD 51.6 million for the six months ended 30 September 2021. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jackson Chang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Chun Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jackson Chang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Chun Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 15
DL Holdings Group Limited Appoints Chan Kwan as Non-Executive Director The board of directors of DL Holdings Group Limited announces that Mr. Chan Kwan is appointed as a non-executive Director of the Company with effect from 14 October 2022. Mr. Chan, aged 35, obtained his bachelor's degree in Biomedical Science from the University of Essex in June 2012 and his bachelor's degree of laws from the University of Leicester in July 2015. In addition, he is also a diamond graduate of Gemological Institute of America. He is a non-executive director of CAQ Holdings Limited, a company listed on the Australian Securities Exchange Limited (ASX Code: CAQ) since November 2017. He served as the legal and project director of China Cambodia International Special Economic Zone Co. Limited from October 2015 to February 2018. He is the co-founder and chairman of Atlas Capital Asset Management (HK) Limited, a company licensed by the Securities and Futures Commission for Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance, since June 2020. He also served as the executive director of Wan Kei Group Holdings Limited, a company listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (Stock Code: 1718), from March 2018 to January 2022. Announcement • Sep 21
DL Holdings Group Limited Approves Final Dividend for the Year Ended 31 March 2022 DL Holdings Group Limited announced that at its AGM held on 20 September 2022, the shareholders approved final dividend of HKD 0.014 per share of the company for the year ended 31 March 2022. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.014 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 11 October 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (4.3%). Announcement • Aug 24
DL Holdings Announces Official Start of ONE Carmel - The Luxury Real Estate Project in North America Bay Area On August 15, 2022, ONE Carmel, the luxury real estate investment project of DL Holdings in the San Francisco Bay area of California, held a groundbreaking ceremony. More than 100 political and business guests, investors and developers from Monterey County and Carmel attended the event. The groundbreaking ceremony and cocktail party were attended by Monterey CountyBoard of Supervisors Mary Adams, Luis Alejo, Chris Lopez and Wendy Root Askew, Dave Potter, the mayor of Carmel-by-the-Sea and guests from the Carmel Valley Association, the Carmel Valley Trail & Saddle Club and the Carmel Valley Chapter of the California Dressage Society. The predecessor of ONE Carmel is September Ranch, which is a local landmark and historical memory. The design team not only retained the iconic red barn of September Ranch, but also specially designed a brand-new logo to permanently preserve this memory. As the night falls, the cocktail party began with beautiful singing from the Carmel High School choir. The project team built a luxurious tent on the soft sand of the original arena and showed the guests the promising future of Carmel with music, art, and food. Through the white gauze drapes, the red barn and green valleys were the natural stage and beautiful background. The freshly baked, handmade Italian pizzas, appetizers, desserts and cocktails let everyone enjoy the natural harmony of music, food and beauty. The highlight of the cocktail party was a short film, which not only showed the breathtaking scenery of ONE Carmel, but also told the story between the interviewees and Carmel with their deep love for this land in the past five years. Mr. Jim Morgens recalling his horse-riding vacation with his father here thirty years ago, Enzo sharing his experience of placing his home and restaurant in Carmel. DL's lawyers elaborating their deep feelings of witnessing the development of the project for decades, everyone was impressed by the relentless efforts and firm beliefs of the DL team, and the promising community philosophy that ONE Carmel would bring in the coming future. Just 10 minutes from ONE Carmel, there was the annual Pebble Beach Automotive Week, one of the most attractive and liveliest events near Carmel, held in the Pebble Beach. The construction of ONE Carmel will bring even more excitement to Monterey County in the future. Reported Earnings • Aug 01
Full year 2022 earnings released: EPS: HK$0.079 (vs HK$0.15 in FY 2021) Full year 2022 results: EPS: HK$0.079 (down from HK$0.15 in FY 2021). Revenue: HK$300.4m (down 29% from FY 2021). Net income: HK$109.8m (down 45% from FY 2021). Profit margin: 37% (down from 48% in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year whereas the company’s share price has increased by 77% per year. Announcement • Jul 29
DL Holdings Group Limited Declares Final Dividend for the Year Ended 31 March 2022 DL Holdings Group Limited declared a final dividend of HKD 0.014 per share of the Company for the year ended 31 March 2022 at its annual general meeting to be held on 20 September 2022. Announcement • Jun 11
DL Holdings Group Limited to Report Fiscal Year 2022 Results on Jun 23, 2022 DL Holdings Group Limited announced that they will report fiscal year 2022 results on Jun 23, 2022 Announcement • Jun 07
DL Holdings Group Limited Provides Consolidated Earnings Guidance for Year Ended 31 March 2022 The board of directors of the DL Holdings Group Limited that, based on a preliminary review of the Company's draft unaudited consolidated management accounts for the year ended 31 March 2022, the Group is expected to record a net profit between HKD 100 million and HKD 120 million for the year ended 31 March 2022 as compared to the net profit of HKD 200.8 million for the year ended 31 March 2021. Based on the relevant information available, the Board considers that such expected decrease in net profit was mainly attributable to a decrease in gross profit by approximately 30% due to the continuing adverse impact on turbulent economy, high rising inflation, and market correction, caused by the COVID-19 pandemic. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jackson Chang is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Chun Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.038 (down from HK$0.051 in 1H 2021). Revenue: HK$156.6m (down 7.2% from 1H 2021). Net income: HK$51.6m (down 22% from 1H 2021). Profit margin: 33% (down from 39% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 26
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 03 December 2021. Payment date: 30 December 2021. Trailing yield: 1.7%. Lower than top quartile of Hong Kong dividend payers (7.0%). Lower than average of industry peers (3.5%). Reported Earnings • Nov 22
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.038 (down from HK$0.051 in 1H 2021). Revenue: HK$156.6m (down 7.2% from 1H 2021). Net income: HK$51.6m (down 22% from 1H 2021). Profit margin: 33% (down from 39% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 13
Executive Chairman of the Board recently bought HK$4.3m worth of stock On the 11th of October, Xinrong Jiang bought around 2m shares on-market at roughly HK$2.67 per share. This was the largest purchase by an insider in the last 3 months. Xinrong has been a buyer over the last 12 months, purchasing a net total of HK$57m worth in shares. 
