New Risk • Mar 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Mar 27
Zero Fintech Group Limited, Annual General Meeting, Jun 18, 2026 Zero Fintech Group Limited, Annual General Meeting, Jun 18, 2026. Announcement • Feb 27
Zero Fintech Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Zero Fintech Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Feb 24
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 9.7% 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. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Wai Ting Chak was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Oct 24
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 11% 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. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.007 (vs HK$0.006 in 1H 2024) First half 2025 results: EPS: HK$0.007 (up from HK$0.006 in 1H 2024). Revenue: HK$159.3m (up 36% from 1H 2024). Net income: HK$18.9m (up 28% from 1H 2024). Profit margin: 12% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 15
Zero Fintech Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Zero Fintech Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 20
Zero Fintech Group Limited Appoints Ms. Chak Wai Ting as Member of the Nomination Committee, Effective June 19, 2025 The board of directors of Zero Fintech Group Limited announced that Ms. Chak Wai Ting, an independent non-executive director of the Company, has
been appointed as a member of the nomination committee of the company with effect from 19 June 2025. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: HK$0.01 (vs HK$0.005 in FY 2023) Full year 2024 results: EPS: HK$0.01 (up from HK$0.005 in FY 2023). Revenue: HK$261.8m (up 33% from FY 2023). Net income: HK$27.1m (up 123% from FY 2023). Profit margin: 10% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Mar 27
Zero Fintech Group Limited, Annual General Meeting, Jun 19, 2025 Zero Fintech Group Limited, Annual General Meeting, Jun 19, 2025. Announcement • Mar 10
Zero Fintech Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Zero Fintech Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Sep 03
First half 2024 earnings released: EPS: HK$0.006 (vs HK$0.005 in 1H 2023) First half 2024 results: EPS: HK$0.006 (up from HK$0.005 in 1H 2023). Revenue: HK$117.0m (up 23% from 1H 2023). Net income: HK$14.7m (up 8.1% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Announcement • Aug 15
Zero Fintech Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Zero Fintech Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Wai Ting Chak 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. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: HK$0.005 (vs HK$0.006 in FY 2022) Full year 2023 results: EPS: HK$0.005 (down from HK$0.006 in FY 2022). Revenue: HK$196.6m (up 21% from FY 2022). Net income: HK$12.1m (down 20% from FY 2022). Profit margin: 6.2% (down from 9.3% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Termbray Industries International (Holdings) Limited, Annual General Meeting, Jun 13, 2024 Termbray Industries International (Holdings) Limited, Annual General Meeting, Jun 13, 2024. Announcement • Mar 12
Termbray Industries International (Holdings) Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Termbray Industries International (Holdings) Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Aug 28
First half 2023 earnings released: EPS: HK$0.005 (vs HK$0.004 in 1H 2022) First half 2023 results: EPS: HK$0.005 (up from HK$0.004 in 1H 2022). Revenue: HK$94.9m (up 31% from 1H 2022). Net income: HK$13.6m (up 19% from 1H 2022). Profit margin: 14% (down from 16% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 16
Termbray Industries International (Holdings) Limited to Report First Half, 2023 Results on Aug 25, 2023 Termbray Industries International (Holdings) Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.006 (vs HK$0.008 in FY 2021) Full year 2022 results: EPS: HK$0.006 (down from HK$0.008 in FY 2021). Revenue: HK$162.9m (up 45% from FY 2021). Net income: HK$15.2m (down 29% from FY 2021). Profit margin: 9.3% (down from 19% in FY 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
Termbray Industries International (Holdings) Limited Appoints Ms. Chak Wai Ting as Independent Non-Executive Director and Member of the Audit Committee The Board of Directors of Termbray Industries International (Holdings) Limited announces that Ms. Chak Wai Ting ("Ms. Chak") has been appointed as an independent non-executive director and a member of the audit committee of the Company with effect from 9 November 2022. Ms. Chak, aged 37, has been appointed as the company secretary of the Aoyuan Healthy Life Group Company Limited. She obtained a Bachelor 's Degree in Business Administration in Corporate Administration from Hong Kong Metropolitan University (formerly known as The Open University of Hong Kong) in 2011 and a Master of Laws Degree from the University of Greenwich in 2021. Ms. Chak is a fellow member of each of The Hong Kong Chartered Governance Institute and the Chartered Governance Institute (collectively, the "Institutes"). She is also awarded with the Chartered Secretary and the Chartered Governance Professional by the Institutes. Ms. Chak has extensive experience in compliance, corporate governance and company secretarial matters.From July 2016 to October 2018, she was the company secretary of Colour Life Services Group Co., Limited. Recent Insider Transactions • Nov 08
Executive Director recently bought HK$151k worth of stock On the 31st of October, Hau Shing Chau bought around 380k shares on-market at roughly HK$0.40 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$346k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 01
Executive Director recently bought HK$133k worth of stock On the 25th of October, Hau Shing Chau bought around 344k shares on-market at roughly HK$0.39 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$196k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 18
Executive Director recently bought HK$63k worth of stock On the 11th of October, Hau Shing Chau bought around 182k shares on-market at roughly HK$0.35 per share. This transaction amounted to 2.9% 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. Board Change • Aug 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Wai Wu 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 • Aug 17
Termbray Industries International (Holdings) Limited to Report Q2, 2022 Results on Aug 26, 2022 Termbray Industries International (Holdings) Limited announced that they will report Q2, 2022 results on Aug 26, 2022 Announcement • Aug 13
Termbray Industries International (Holdings) Limited Announces Board and Committees Changes Termbray Industries International (Holdings) Limited announces that with effect from 12 August 2022, (i) Mr. Tong Hin Wor ("Mr. Tong") resigned as an independent non-executive director of the Company and member of auditcommittee, remuneration committee and nomination committee of the Company due to personal health reason; and (ii) Mr. Wu Wai Pan (" Mr. Wu "), an existing independent non-executive director, has been appointed as member of remuneration committee and nomination committee of the Company. Mr. Tong confirmed that he has no disagreement with the Board and there is no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board would like to take this opportunity to thank Mr. Tong for his valuable contribution to the Company during his service with the Company. Following the resignation of Mr. Tong as independent non-executive director, the Board comprises three executive directors and two independent non-executive directors, with number of independent non-executive directors falling below the minimum number of three independent non-executive directors as required under Rule 3.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Mr. Tong also served as member of the audit committee of the Company. Following Mr. Tong's resignation, the number of audit committee members decreased from three to two, comprising two independent non-executive directors, which does not fulfill the requirement that the audit committee must comprise a minimum of three members as required under Rule 3.21 of the Listing Rules and the terms of reference of the audit committee. Announcement • Apr 15
Termbray Industries International (Holdings) Limited Announces Board Changes The board of directors of Termbray Industries International (Holdings) Limited announced the following changes in directorship of the Company with effect from 15 April 2022: Mr. Ching Yu Lung resigned as an independent non-executive director and member of audit committee of the Company due to his intention to devote more time on other business engagements; and Mr. Shu Wa Tung, Laurence has been appointed as an independent non-executive director and member of audit committee of the Company. Mr. Shu Wa Tung, Laurence, aged 49, has over 20 years of experience in audit, corporate finance and financial management. Mr. Shu was accountant, semi-senior accountant of assurance & advisory department, senior accountant of corporate advisory services department, and senior accountant, associate manager and manager of reorganization services group of Deloitte Touche Tohmatsu from March 1994 to October 2000. He joined ContiOcean Environment Tech Co., Limited as the chief financial officer since September 2020. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: HK$0.008 (vs HK$0.029 in FY 2020) Full year 2021 results: EPS: HK$0.008 (down from HK$0.029 in FY 2020). Revenue: HK$112.4m (up 238% from FY 2020). Net income: HK$21.3m (down 65% from FY 2020). Profit margin: 19% (down from 184% in FY 2020). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Termbray Industries International (Holdings) Limited to Report Fiscal Year 2021 Results on Mar 25, 2022 Termbray Industries International (Holdings) Limited announced that they will report fiscal year 2021 results on Mar 25, 2022 Executive Departure • Apr 15
Finance Director & Executive Director has left the company On the 8th of April, Shiu Kee Wong's tenure in the role of Finance Director & Executive Director ended. We don't have any record of a personal shareholding under Shiu Kee's name. Shiu Kee is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 21
Third quarter 2021 earnings released: EPS HK$0.021 (vs HK$0.001 loss in 3Q 2020) Third quarter 2021 results: Net income: HK$52.0m (up HK$54.5m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
Termbray Industries International (Holdings) Limited, Annual General Meeting, Jun 11, 2021 Termbray Industries International (Holdings) Limited, Annual General Meeting, Jun 11, 2021. Is New 90 Day High Low • Feb 12
New 90-day low: HK$0.29 The company is down 3.0% from its price of HK$0.30 on 13 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 5.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: HK$0.33 The company is up 6.0% from its price of HK$0.31 on 23 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 2.0% over the same period. Reported Earnings • Nov 30
First half 2021 earnings released: HK$0.003 loss per share First half 2021 results: Net loss: HK$6.02m (loss narrowed 73% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 24
First half 2021 earnings released: HK$0.003 loss per share First half 2021 results: Net loss: HK$6.02m (loss narrowed 73% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Nov 11
Termbray Industries International (Holdings) Limited to Report First Half, 2020 Results on Nov 20, 2020 Termbray Industries International (Holdings) Limited announced that they will report first half, 2020 results on Nov 20, 2020 Announcement • Sep 24
Viasystems Group, Inc. acquired Kalex Printed Circuit Board Limited from Termbry Industries International for $325 million. Viasystems Group, Inc. announced the acquisition of Kalex Printed Circuit Board Limited from Termbry Industries International for $325 million on August 2, 1999. Viasystems Group Inc. is financing the acquisition through a placement of $200 million of Viasystems common stock and additional bank borrowings.
Viasystems Group, Inc. completed the acquisition of Kalex Printed Circuit Board Limited from Termbry Industries International on August 4, 1999. 
