Announcement • Apr 29
China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, Jun 25, 2026 China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, Jun 25, 2026, at 11:00 China Standard Time. Location: room 2203, 22/f., kwan chart tower, 6 tonnochy road, wanchai, Hong Kong Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Karen Lam was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 21% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (HK$190.7m market cap, or US$24.3m). Reported Earnings • Mar 26
Full year 2025 earnings released: HK$0.051 loss per share (vs HK$0.048 loss in FY 2024) Full year 2025 results: HK$0.051 loss per share (further deteriorated from HK$0.048 loss in FY 2024). Revenue: HK$95.2m (down 5.7% from FY 2024). Net loss: HK$85.9m (loss widened 6.2% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 07
China Ever Grand Financial Leasing Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 25, 2026 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 25, 2026 New Risk • Sep 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$24m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Market cap is less than US$100m (HK$135.0m market cap, or US$17.3m). Reported Earnings • Aug 26
First half 2025 earnings released: HK$0.022 loss per share (vs HK$0.026 loss in 1H 2024) First half 2025 results: HK$0.022 loss per share (improved from HK$0.026 loss in 1H 2024). Revenue: HK$39.9m (down 15% from 1H 2024). Net loss: HK$37.7m (loss narrowed 14% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
China Ever Grand Financial Leasing Group Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: HK$0.048 loss per share (vs HK$0.024 loss in FY 2023) Full year 2024 results: HK$0.048 loss per share (further deteriorated from HK$0.024 loss in FY 2023). Revenue: HK$101.0m (up 92% from FY 2023). Net loss: HK$80.8m (loss widened 100% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, Jun 13, 2025 China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, Jun 13, 2025. Announcement • Mar 14
China Ever Grand Financial Leasing Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Sep 25
First half 2024 earnings released: HK$0.026 loss per share (vs HK$0.013 loss in 1H 2023) First half 2024 results: HK$0.026 loss per share (further deteriorated from HK$0.013 loss in 1H 2023). Revenue: HK$47.0m (up 130% from 1H 2023). Net loss: HK$43.6m (loss widened 101% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
First half 2024 earnings released: HK$0.026 loss per share (vs HK$0.013 loss in 1H 2023) First half 2024 results: HK$0.026 loss per share (further deteriorated from HK$0.013 loss in 1H 2023). Revenue: HK$47.0m (up 88% from 1H 2023). Net loss: HK$43.6m (loss widened 93% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Aug 09
China Ever Grand Financial Leasing Group Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 New Risk • Jul 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.6m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$27m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (HK$77.6m market cap, or US$9.93m). Announcement • Apr 19
China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, May 21, 2024 China Ever Grand Financial Leasing Group Co., Ltd., Annual General Meeting, May 21, 2024, at 11:00 China Standard Time. Location: Room 2203, 22/F Kwan Chart Tower, 6 Tonnochy Road Wanchai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements and the reports of the directors and auditor for the year ended 31 December 2023; to re-elect Mr. Wong Lik Ping as an executive director; to re-elect Mr. Siu Wai Bun as an executive director; to re-elect Mr. Ho Hin Yip as an independent non-executive director; to re-elect Mr. Wu Kai Tang as an independent non-executive director; to re-appoint Messrs. Zhonghui Anda CPA Limited as the auditor of the Company; to authorize the board of directors of the Company to fix their remuneration; and to discuss other matters. Announcement • Apr 03
China Ever Grand Financial Leasing Group Co., Ltd. Announces Executive Changes China Ever Grand Financial Leasing Group Co., Ltd. announced with effect from 3 April 2024 Mr. Lo Tsun Yu has resigned as an Independent Non-Executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; Mr. Ng Kwok Sang has been appointed as an Independent Non-Executive Director, a member of the Audit Committee; Mr. Wu Kai Tang has been appointed as a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Qiao Weibing has resigned as an Executive Director. Mr. Ng, aged 42, obtained his Master of Laws and Master of Science in Professional Accountancy from the University of London. Mr. Ng was admitted as solicitor in Hong Kong in 2007 and is currently a partner of a local law firm. Mr. Ng has over 15 years' experience in the legal sector. He is experienced in advising listed companies in respect of acquisition of assets, investments, fund raising, regulatory compliance and other commercial matters. Mr. Wu obtained his Bachelor of Arts degree in Accountancy from the Hong Kong Polytechnic University in 2007. Mr. Wu is currently the sole proprietor at Messrs. Wu Kai Tang Certified Public Accountant (Practising), a firm of certified public accountants and established by Mr. Wu on 1 March 2015 in Hong Kong. Mr. Wu currently also acts as an independent non-executive director of Trendzon Holdings Group Limited (Stock Code: 1865). Mr. Wu has over 15 years' experience in accounts and finance. Prior to establishing Messrs. Wu Kai Tang Certified Public Accountant (Practising), Mr. Wu gained experience from working at various finance and accounting departments at companies in Hong Kong, including listed companies. Mr. Wu also has over 6 years of accounting and auditing experience gained from international accounting firms. New Risk • Mar 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$56m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$56m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (HK$77.6m market cap, or US$9.92m). Announcement • Mar 13
China Ever Grand Financial Leasing Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.6m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (HK$77.6m market cap, or US$9.92m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Sep 05
First half 2023 earnings released: HK$0.013 loss per share (vs HK$0.022 loss in 1H 2022) First half 2023 results: HK$0.013 loss per share (improved from HK$0.022 loss in 1H 2022). Revenue: HK$25.0m (down 50% from 1H 2022). Net loss: HK$22.6m (loss narrowed 40% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Sep 01
China Ever Grand Financial Leasing Group Co., Ltd. Announces Change of Independent Non-Executive Director Andcomposition of Audit Committee The board of directors of China Ever Grand Financial Leasing Group Co., Ltd. announced that the changes in directorship and composition of the audit committee of the Company (the "Audit Committee"). Mr. U Keng Tin ("Mr. U") has resigned as an Independent Non-Executive Director, and a member of the Audit Committee with effect from 31 August 2023 due to his other personal work commitments. Mr. U confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. Wu Kai Tang ("Mr. Wu") has been appointed as an Independent Non-Executive Director, and a member of the Audit Committee with effect from 31 August 2023. Mr. Wu, aged 38, obtained his Bachelor of Arts degree in Accountancy from the Hong KongPolytechnic University in 2007. Mr. Wu is currently the sole proprietor at Messrs. Wu Kai Tang Certified Public Accountant (Practising), a firm of certified public accountants and established by Mr. Wu on 1 March 2015 in Hong Kong. Mr. Wu has over 15 years' experience in accounts and finance. Prior to establishing Messrs. Wu Kai Tang Certified Public Accountant (Practising), Mr. Wu gained experience from working at various finance and accounting departments at companies in Hong Kong, including listed companies. Mr. Wu also has over 6 years of accounting and auditing experience gained from international accounting firms. Announcement • Aug 12
China Ever Grand Financial Leasing Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.004 (vs HK$0.024 loss in FY 2021) Full year 2022 results: EPS: HK$0.004 (up from HK$0.024 loss in FY 2021). Revenue: HK$77.8m (down 37% from FY 2021). Net income: HK$7.03m (up HK$47.6m from FY 2021). Profit margin: 9.0% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Tsun Yu Lo was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
China Ever Grand Financial Leasing Group Co., Ltd. Announces Management Changes China Ever Grand Financial Leasing Group Co., Ltd. announced that Mr. Lam Tak Ming has resigned as a company secretary of the Company due to his other personal work commitments with immediate effect. The Board announced that Mr. Lam Koon Fai has been appointed as the company secretary of the Company with immediate effect. Mr. Lam Koon Fai, has over 31 years of auditing, accounting and company secretary experience. He is the company secretary of Winshine Science Company Limited, the issued shares of which are listed on the Main Board of the Stock Exchange. He is also serving as the chief financial officer and company secretary of China Wan Tong Yuan (Holdings) Limited, the issued shares of which are listed on the Main Board of the Stock Exchange from March 2017 to February 2019, being responsible for the overall financial management and advising the Board on corporate governance matters. He has also been the chief financial officer of GINSMS Inc., a company listed on the TSX Venture Exchange (stock code: GOK) from May 2009 to October 2013. Mr. Lam Koon Fai is a member of the Hong Kong Institute of Certified Public Accountants. Reported Earnings • Aug 31
First half 2022 earnings released: HK$0.022 loss per share (vs HK$0.014 loss in 1H 2021) First half 2022 results: HK$0.022 loss per share (down from HK$0.014 loss in 1H 2021). Revenue: HK$50.3m (up 5.5% from 1H 2021). Net loss: HK$37.6m (loss widened 60% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 16
China Ever Grand Financial Leasing Group Co., Ltd. to Report First Half, 2022 Results on Aug 25, 2022 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • Aug 13
China Ever Grand Financial Leasing Group Co., Ltd Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of the China Ever Grand Financial Leasing Group Co., Ltd. announced that, based on the information currently available to the Board and the preliminary unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the Group is expected to record a net loss of approximately in the range of HKD 50 million to HKD 60 million for the Current Period as compared to the net loss of approximately HKD 33.4 million for the six months ended 30 June 2021. The Board considers that the expected increase in net loss is mainly attributable to the following reasons: (i) the recognition of non-cash impairment loss of approximately HKD 16 million on loan receivable of the Group's financial leasing segment (Corresponding Period: Nil); and (ii) an increase in fair value loss on financial assets at fair value through profit or loss of approximately HKD 14 million. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Tsun Yu Lo was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
China Ever Grand Financial Leasing Group Co., Ltd. Announces Resignation of Joint Company Secretaries and Appointment of Company Secretary The board of directors of China Ever Grand Financial Leasing Group Co., Ltd. announced that Mr. Li Chak Hung and Mr. Siu Wai Bun both have resigned as joint company secretaries of the Company due to their other personal work commitments with immediate effect. The Board announced that Mr. Lam Tak Ming has been appointed as the company secretary of the Company with immediate effect. Prior to joining the Company, Mr. Lam worked in several listed companies in Hong Kong and had over 8 years of accounting and auditing experience at international accounting firms. He is currently a practising member of the Hong Kong Institute of Certified Public Accountants, an associate member of The Hong Kong Chartered Governance Institute and an associate member of The Chartered Governance Institute. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.024 loss per share (vs HK$0.16 loss in FY 2020) Full year 2021 results: HK$0.024 loss per share (up from HK$0.16 loss in FY 2020). Revenue: HK$123.6m (up 87% from FY 2020). Net loss: HK$40.6m (loss narrowed 83% from FY 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 11
First half 2021 earnings released: HK$0.014 loss per share (vs HK$0.034 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$47.7m (up 153% from 1H 2020). Net loss: HK$23.5m (loss narrowed 51% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: HK$0.16 loss per share (vs HK$0.029 loss in FY 2019) Full year 2020 results: Net loss: HK$242.9m (loss widened HK$208.8m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Mar 12
China Ever Grand Financial Leasing Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 24, 2021 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 24, 2021 Announcement • Aug 14
China Ever Grand Financial Leasing Group Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 China Ever Grand Financial Leasing Group Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020