New Risk • Jun 29
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 12% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Annonce • Jun 27
CM Energy Tech Co., Ltd. Announces Resignation of Zhang Xizheng from Non-Executive Director CM Energy Tech Co., Ltd. announced that, on June 26, 2026, Mr. Zhang Xizheng tendered his resignation as a non-executive Director with immediate effect due to other work commitments. Mr. Zhang confirmed that he had no disagreement with the Board and there were no matters relating to his resignation that needed to be brought to the attention of the shareholders of the Company. Upon the resignation of Mr. Zhang with effect from June 26, 2026, the proposed ordinary resolution numbered 12 as set out in the Supplemental AGM Notice in respect of the proposed removal was withdrawn and was not put forward for consideration and approval by the shareholders at the postponed AGM. Annonce • Apr 30
CM Energy Tech Co., Ltd., Annual General Meeting, May 28, 2026 CM Energy Tech Co., Ltd., Annual General Meeting, May 28, 2026, at 10:00 China Standard Time. Location: 5th floor, china merchants development center, no. 1089 nanhai avenue, nanshan district, shenzhen China Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: US$0.50 (vs US$0.003 in FY 2024) Full year 2025 results: EPS: US$0.50. Revenue: US$135.4m (down 19% from FY 2024). Net income: US$1.58m (down 83% from FY 2024). Profit margin: 1.2% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Annonce • Mar 16
CM Energy Tech Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 CM Energy Tech Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Jan 26
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. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$746.0m (US$95.8m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (HK$746.0m market cap, or US$95.8m). Recent Insider Transactions • Sep 03
Key Executive recently bought HK$135k worth of stock On the 29th of August, Huafeng Zhan bought around 500k shares on-market at roughly HK$0.27 per share. This transaction increased Huafeng's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Huafeng has been a buyer over the last 12 months, purchasing a net total of HK$250k worth in shares. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: US$0.001 (vs US$0.002 in 1H 2024) First half 2025 results: EPS: US$0.001 (down from US$0.002 in 1H 2024). Revenue: US$62.6m (down 19% from 1H 2024). Net income: US$2.72m (down 43% from 1H 2024). Profit margin: 4.3% (down from 6.2% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Aug 18
CM Energy Tech Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 CM Energy Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Buy Or Sell Opportunity • Aug 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to HK$0.25. The fair value is estimated to be HK$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 4.2%. Recent Insider Transactions • Jun 19
Key Executive recently bought HK$115k worth of stock On the 16th of June, Huafeng Zhan bought around 500k shares on-market at roughly HK$0.23 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Huafeng's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jun 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to HK$0.24. The fair value is estimated to be HK$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 4.2%. Upcoming Dividend • May 19
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.3%). Annonce • May 16
CM Energy Tech Co., Ltd. Approves Final Dividend CM Energy Tech Co., Ltd. at its AGM held on May 16, 2025 approved final dividend of HKD 0.01 per share. Buy Or Sell Opportunity • May 12
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to HK$0.25. The fair value is estimated to be HK$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 4.2%. New Risk • Mar 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: US$0.003 (vs US$0.003 in FY 2023) Full year 2024 results: EPS: US$0.003 (in line with FY 2023). Revenue: US$166.8m (down 8.0% from FY 2023). Net income: US$9.16m (down 3.6% from FY 2023). Profit margin: 5.5% (up from 5.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Annonce • Mar 27
CM Energy Tech Co., Ltd., Annual General Meeting, May 16, 2025 CM Energy Tech Co., Ltd., Annual General Meeting, May 16, 2025. Annonce • Mar 14
CM Energy Tech Co., Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 CM Energy Tech Co., Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Aug 29
First half 2024 earnings released: EPS: US$0.002 (vs US$0.002 in 1H 2023) First half 2024 results: EPS: US$0.002 (in line with 1H 2023). Revenue: US$77.6m (down 17% from 1H 2023). Net income: US$4.79m (flat on 1H 2023). Profit margin: 6.2% (up from 5.2% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Aug 15
CM Energy Tech Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 CM Energy Tech Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: US$0.003 (vs US$0.008 in FY 2022) Full year 2023 results: EPS: US$0.003 (down from US$0.008 in FY 2022). Revenue: US$181.3m (up 60% from FY 2022). Net income: US$9.50m (down 63% from FY 2022). Profit margin: 5.2% (down from 23% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Mar 23
CM Energy Tech Co., Ltd., Annual General Meeting, May 17, 2024 CM Energy Tech Co., Ltd., Annual General Meeting, May 17, 2024. Annonce • Mar 14
CM Energy Tech Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 CM Energy Tech Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Annonce • Jan 24
CM Energy Tech Co., Ltd. Announces Management Changes The board of directors of CM Energy Tech Co., Ltd. announced that an environmental, social and governance committee of the Company (the ESG Committee) has been established with effect from 23 January 2024. The Board announced that, Mr. Zhan Huafeng has been appointed as the chairman of the ESG Committee, and each of Mr. Zou Zhendong and Mr. Chan Ngai Sang, Kenny has been appointed as a member of the ESG Committee. Following the dissolution of the Compliance Committee, Mr. Zhan Huafeng has ceased to be the chairman of the Compliance Committee, and Mr. Chan Ngai Sang, Kenny and Mr. Chen Weidong have ceased to be members of the Compliance Committee. Each of Mr. Zhan Huafeng, Mr. Chan Ngai Sang, Kenny and Mr. Chen Weidong has confirmed that he has no disagreement with the Board and there are no matters relating to his cessation from the position in the Compliance Committee that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and/or the shareholders of the Company. Annonce • Nov 24
CM Energy Tech Co., Ltd. Announces Board Changes CM Energy Tech Co., Ltd. announces that Mr. Zhang Xizheng has been appointed as a non-executive Director with effect from 23 November 2023. The Board further announces that Mr. Sun Dongchang has resigned as an independent non- executive Director due to his other work commitments with effect from 23 November 2023. Mr. Zhang Xizheng, aged 27, holds a bachelor's degree in International Economics from Beijing Institute of Technology and a master's degree in Applied Economics from Hong Kong BaptistUniversity. He is a senior trust manager of the shipping investment management headquarters of China Minsheng Trust Co., Ltd. Mr. Zhang was a data analyst of the credit insurance department of Asia-Pacific Property and Casualty Issuance Co., Ltd. ("Asia-Pacific Property and Casualty Issuance") from September 2019 to May 2021, was a manager of the claims division of the credit insurance department of Asia-Pacific Property and Casualty Issuance from May 2021 to March 2022 and has been a senior trust manager of the shipping investment management headquarters of China Minsheng Trust Co., Ltd. since March 2022. Mr. Zhang has entered into an appointment letter with the Company for a term of three years from 23 November 2023. He is subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company. Mr. Zhang will not receive any Director's fees nor other remuneration from the Company. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: US$0.002 (vs US$0.001 in 1H 2022) First half 2023 results: EPS: US$0.002 (up from US$0.001 in 1H 2022). Revenue: US$92.9m (up 82% from 1H 2022). Net income: US$4.79m (up 188% from 1H 2022). Profit margin: 5.2% (up from 3.3% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Aug 16
CM Energy Tech Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 CM Energy Tech Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Annonce • May 20
CMIC Ocean En-Tech Holding Co., Ltd. Declares Final Dividend for the Year Ended December 31, 2022 CMIC Ocean En-Tech Holding Co., Ltd. announced at the AGM held on May 19, 2023 that the company approved declare a final dividend of HK0.01 per ordinary share out of the share premium account of the Company for the year ended 31 December 2022. Upcoming Dividend • May 17
Upcoming dividend of HK$0.01 per share at 4.1% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 23 June 2023. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (2.5%). Buying Opportunity • Mar 29
Now 20% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be HK$0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: US$0.008 (vs US$0.003 in FY 2021) Full year 2022 results: EPS: US$0.008 (up from US$0.003 in FY 2021). Revenue: US$113.0m (up 98% from FY 2021). Net income: US$25.9m (up 181% from FY 2021). Profit margin: 23% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Dec 31
CMIC Ocean En-Tech Holding Co., Ltd. Provides Earnings Guidance for the Year Ending 31 December 2022 CMIC Ocean En-Tech Holding Co., Ltd. provided earnings guidance for the year ending 31 December 2022. The Group is expected to record additional net profit of approximately USD 19,400,000 for the year ending 31 December 2022. WME is a jointly controlled entity, the shares of which are held as to 50% by Alliance Offshore Group Limited (an indirect wholly-owned subsidiary of the Company) and 50% by China Merchants Ocean Strategy & Technology Fund (L.P.), an indirect wholly-owned subsidiary of China Merchants Industry Holdings Co., Ltd. (a controlling shareholder of the Company). While the Group is expected to have positive net profit from its other businesses and investments this year, with the additional net profit from the Distributions, there would likely be a significant increase in the net profit for the year ending 31 December 2022. The audit of the financial performance of the Group for the year ending 31 December 2022 has yet to commence and the Group would provide Shareholders and public investors with further update information if and as required by the Listing Rules. Annonce • Dec 10
CMIC Ocean En-Tech Holding Co., Ltd. Announces Board Changes The Board of CMIC Ocean En-Tech Holding Co., Ltd. announced that Mr. Lou Dongyang has resigned as a non-executive Director and the chairman of the Board due to his other work commitments with effect from 9 December 2022. The Board further announces that with effect from 9 December 2022, Mr. Yu Zhiliang ("Mr. Yu") has been appointed as a non-executive Director and the chairman of the Board. The biographical details of Mr. Yu are set out below: Mr. Yu, aged 54, is the deputy general manager (with general manager ranking) of China Merchants Industry Holdings Co., Ltd, a controlling shareholder the Company. Mr. Yu served as the staff member and deputy principal staff member of Guangdong Province Electric Engineering Industry Department from July 1991 to May 1997; the deputy principal staff member and principal staff member of the Science and Technology Department of the Economy and Trade Committee of Guangdong Province and the principal staff member and deputy director of the Technological Progress and Equipment Department of the Economy and Trade Committee of Guangdong Province successively from May 1997 to June 2004; a deputy director and director of the Planning and Development Division of the State-owned Assets Supervision and Administration Commission of Guangdong Province from June 2004 to August 2008; a deputy general manager of Guangdong Steel Group Company Limited from August 2008 to December 2010; a director and general manager of Guangdong Guangye Assets Management Co., Ltd. from December 2010 to September 2016; the president of Guangdong Guangye Assets Management Co., Ltd. from September 2016 to March 2017; the president of Guangdong Guangye Group Co., Ltd. from March 2017 to January 2019; and the head of the Environmental Industry Preparatory Division of China Merchants Group from January 2019 to December 2020. Mr. Yu obtained a degree of Master of Business Administration from South China University of Technology in 2001 and a doctorate degree in management specialising in Management Science and Engineering from South China University of Technology in 2004. The Board also announced that with effect from 9 December 2022: Mr. Lou Dongyang ceased to be the chairman of the Nomination Committee of the Company, a member of the Remuneration Committee of the Company and the chairman of the Compliance Committee of the Company; and Mr. Yu has been appointed as the chairman of the Nomination Committee of the Company, a member of the Remuneration Committee of the Company and the chairman of the Compliance Committee of the Company. 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. 8 non-independent directors. Independent Non-Executive Director Dongchang Sun was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
First half 2022 earnings released: EPS: US$0.001 (vs US$0.002 in 1H 2021) First half 2022 results: EPS: US$0.001 (down from US$0.002 in 1H 2021). Revenue: US$51.1m (up 134% from 1H 2021). Net income: US$1.66m (down 73% from 1H 2021). Profit margin: 3.3% (down from 29% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Jun 07
CMIC Ocean En-Tech Holding Co., Ltd. Appoints Mei Xianzhi as Non-Executive Director CMIC Ocean En-Tech Holding Co., Ltd. announced Mr. Mei Xianzhi has been appointed as a non-executive director of the Company. Mr. Mei, aged 42, is a senior engineer. He is also the assistant to the general manager of China Merchants Industry Holdings Co., Ltd., the controlling shareholder of the Company. From July 2002 to November 2011, Mr. Mei served as a technician, supervisor, ship repairing manager and deputy manager of the engineering department of Yiu Lian Dockyards (Shekou) Limited; he successively served as the project manager, manager of production management department and assistant to the general manager of China Merchants Heavy Industry (Shenzhen) Co., Ltd. from November 2011 to February 2015; he served as the deputy general manager of China Merchants Heavy Industry (Jiangsu) Co., Ltd. from February 2015 to May 2018; the leader of the cruise construction preparatory team of China Merchants Industry Holdings Co., Ltd. from May to October 2018; the general manager of China Merchants Cruise Shipbuilding Co., Ltd. from October 2018 to October 2019; the general manager of China Merchants Heavy Industry (Jiangsu) Co., Ltd. and China Merchants Cruise Shipbuilding Co., Ltd. from October 2019 to February 2020; the assistant to the general manager of China Merchants Industry Holdings Co., Ltd., and the general manager of both China Merchants Heavy Industry (Jiangsu) Co., Ltd. and China Merchants Cruise Shipbuilding Co., Ltd. from February 2020 to December 2021. Mr. Mei has been the assistant to the general manager of China Merchants Industry Holdings Co., Ltd. since January 2022 to date. Mr. Mei has many years of experience in the manufacturing and management of super-large vessels and core equipment for green environmental protection, which will help the Company in its transformation and development of expanding green energy technology businesses such as offshore wind power and hydrogen energy. Mr. Mei obtained a bachelor's degree in marine power plant from the School of Thermal Energy and Power Engineering of Wuhan University of Technology in 2002 and a master's degree in management science and engineering from Zhejiang University in 2012. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Dongchang Sun was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 21
CMIC Ocean En-Tech Holding Co., Ltd., Annual General Meeting, May 20, 2022 CMIC Ocean En-Tech Holding Co., Ltd., Annual General Meeting, May 20, 2022, at 10:00 China Standard Time. Location: Unit A, 31/F, Tower 2, Kowloon Commerce Centre, 51 Kwai Cheong Road, Kwai Chung New Territories Hong Kong Agenda: To receive and consider the audited financial statements of the Company and its subsidiaries and the reports of the directors and auditors for the year ended 31 December 2021; to consider directorate reelections; to re-appoint KPMG as auditors of the Company and to authorise the Board to fix their remuneration; and to consider other matters. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: US$0.003 (vs US$0.004 in FY 2020) Full year 2021 results: EPS: US$0.003 (down from US$0.004 in FY 2020). Revenue: US$57.0m (down 13% from FY 2020). Net income: US$9.22m (down 16% from FY 2020). Profit margin: 16% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
First half 2021 earnings released: EPS US$0.002 (vs US$0.001 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$21.8m (down 30% from 1H 2020). Net income: US$6.25m (up 118% from 1H 2020). Profit margin: 29% (up from 9.2% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS US$0.004 (vs US$0.003 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$65.1m (down 7.3% from FY 2019). Net income: US$10.9m (up 13% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Executive Departure • Apr 24
Non-Executive Director has left the company On the 15th of April, Zewei Qian's tenure as Non-Executive Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Zewei's name. Zewei is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS US$0.004 (vs US$0.003 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$65.1m (down 7.3% from FY 2019). Net income: US$10.9m (up 13% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Annonce • Mar 13
CMIC Ocean En-Tech Holding Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 CMIC Ocean En-Tech Holding Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Nov 20
New 90-day low: HK$0.22 The company is down 21% from its price of HK$0.28 on 21 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 8.0% over the same period. Annonce • Aug 31
CMIC Ocean En-Tech Holding Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 CMIC Ocean En-Tech Holding Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 