Minshang Creative Technology Holdings（1632）株式概要投資持株会社のMinshang Creative Technology Holdings Limitedは香港と中華人民共和国でレストランチェーンを展開している。 詳細1632 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析過去5年間で収益は年間67.9%減少しました。 意味のある時価総額がありません ( HK$49M )最新の財務報告は6か月以上前のものである 意味のある収益がありません ( HK$20M )すべてのリスクチェックを見る1632 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW481,749 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA481,749 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$0.05172.8k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-62m2b2016201920222025202620282031Revenue HK$90.5kEarnings HK$6.8kAdvancedSet Fair ValueView all narrativesMinshang Creative Technology Holdings Limited 競合他社Life Concepts HoldingsSymbol: SEHK:8056Market cap: HK$26.7mStarGlory HoldingsSymbol: SEHK:8213Market cap: HK$109.9mTasty Concepts HoldingSymbol: SEHK:8096Market cap: HK$56.8mEasyhold Group HoldingsSymbol: SEHK:1703Market cap: HK$47.6m価格と性能株価の高値、安値、推移の概要Minshang Creative Technology Holdings過去の株価現在の株価HK$0.05152週高値HK$0.1652週安値HK$0.046ベータ0.601ヶ月の変化0%3ヶ月変化-15.00%1年変化-66.00%3年間の変化-80.75%5年間の変化-91.05%IPOからの変化-94.19%最新ニュースNew Risk • Jul 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$48.6m market cap, or US$6.20m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Jun 16New major risk - Share price stabilityThe 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$52m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$47.7m market cap, or US$6.09m). Minor Risk Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.86m) 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$52m free cash flow). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Dec 24New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$52m 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$52m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Market cap is less than US$100m (HK$97.2m market cap, or US$12.5m).分析記事 • Dec 01Despite Lacking Profits Minshang Creative Technology Holdings (HKG:1632) Seems To Be On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Nov 30New major risk - Share price stabilityThe 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 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).最新情報をもっと見るRecent updatesNew Risk • Jul 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$48.6m market cap, or US$6.20m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Jun 16New major risk - Share price stabilityThe 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$52m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$47.7m market cap, or US$6.09m). Minor Risk Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.86m) 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$52m free cash flow). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Dec 24New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$52m 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$52m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Market cap is less than US$100m (HK$97.2m market cap, or US$12.5m).分析記事 • Dec 01Despite Lacking Profits Minshang Creative Technology Holdings (HKG:1632) Seems To Be On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Nov 30New major risk - Share price stabilityThe 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 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).New Risk • Nov 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -HK$19m This is considered a minor 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 Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).お知らせ • Nov 17Minshang Creative Technology Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025Minshang Creative Technology Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025New Risk • Oct 23New minor risk - Share price stabilityThe 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: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (HK$191k revenue, or US$25k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$91.5m market cap, or US$11.8m).New Risk • Oct 21New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$76.3m (US$9.82m) 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 Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (HK$191k revenue, or US$25k). Market cap is less than US$10m (HK$76.3m market cap, or US$9.82m).Board Change • Aug 25Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05Full year 2025 earnings released: HK$0.062 loss per share (vs HK$0.069 loss in FY 2024)Full year 2025 results: HK$0.062 loss per share (improved from HK$0.069 loss in FY 2024). Net loss: HK$56.8m (loss narrowed 7.6% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 22Full year 2025 earnings released: HK$0.062 loss per share (vs HK$0.04 loss in FY 2024)Full year 2025 results: HK$0.062 loss per share (further deteriorated from HK$0.04 loss in FY 2024). Net loss: HK$56.8m (loss widened 59% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Jun 21Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 21, 2025Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 21, 2025.お知らせ • Jun 10Minshang Creative Technology Holdings Limited to Report Fiscal Year 2025 Results on Jun 20, 2025Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2025 results on Jun 20, 2025Board Change • Jun 05Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • May 07Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 27Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.8% 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 Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (HK$116k revenue, or US$15k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$205.0m market cap, or US$26.3m).Board Change • Jan 02Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 20Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 19Minshang Creative Technology Holdings Limited Announces Executive ChangesMinshang Creative Technology Holdings Limited announced the resignation of Ms. Li Jia as an executive director of the Company. The Board announced that Ms. Ning Mengmeng ("Ms. Ning") has been appointed as executive Director with effect from 19 December 2024. The biographical details of Ms. Ning are set out below: Ms. Ning, aged 38, has over 10 years of experience in financial investment management. Ms. Ning joins the Group as an executive Director of the Company and is responsible for investment management. She was the vice general manager of Hainan Pin Yi Investment Company Limited from August 2022 to December 2024, a company which principally engages in financial investment management. Ms. Ning has also worked in Beijing Zhaocaiyu Investment Management Limited, a company which principally engages in financial investment management, and she was the general manager of this company from June 2019 to June 2020. Ms. Ning was graduated from Nanchang Institute of Technology.New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% 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: Major Risks Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (HK$116k revenue, or US$15k). Minor Risks Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Market cap is less than US$100m (HK$252.6m market cap, or US$32.5m).Reported Earnings • Nov 30First half 2025 earnings released: HK$0.012 loss per share (vs HK$0.017 profit in 1H 2024)First half 2025 results: HK$0.012 loss per share (down from HK$0.017 profit in 1H 2024). Net loss: HK$11.1m (down 175% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.お知らせ • Nov 27Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 September 2024Minshang Creative Technology Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2024. For the period, Group expected to record a net loss attributable to shareholders of the Company approximately HKD 10 million for the Period as compared to a net profit attributable to shareholders of the Company of approximately HKD 15 million for the six months ended 30 September 2023 (the "Last Corresponding Period").お知らせ • Nov 26Minshang Creative Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 29.6 million.Minshang Creative Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 29.6 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: HKD 0.48 Security Name: Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: HKD 0.5 Transaction Features: Subsequent Direct Listingお知らせ • Nov 19Minshang Creative Technology Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024Minshang Creative Technology Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024お知らせ • Nov 01Minshang Creative Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30 million.Minshang Creative Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30 million. Security Name: Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: HKD 0.5 Transaction Features: Subsequent Direct ListingReported Earnings • Aug 05Full year 2024 earnings released: HK$0.04 loss per share (vs HK$0.001 profit in FY 2023)Full year 2024 results: HK$0.04 loss per share (down from HK$0.001 profit in FY 2023). Net loss: HK$35.6m (down HK$36.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 30Full year 2024 earnings released: HK$0.04 loss per share (vs HK$0.002 loss in FY 2023)Full year 2024 results: HK$0.04 loss per share (further deteriorated from HK$0.002 loss in FY 2023). Net loss: HK$35.6m (loss widened HK$34.2m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.お知らせ • Jun 29Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 22, 2024Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 22, 2024.お知らせ • Jun 19Minshang Creative Technology Holdings Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2024 results on Jun 28, 2024分析記事 • May 08Getting In Cheap On Minshang Creative Technology Holdings Limited (HKG:1632) Is UnlikelyThere wouldn't be many who think Minshang Creative Technology Holdings Limited's ( HKG:1632 ) price-to-sales (or "P/S...分析記事 • Dec 21Minshang Creative Technology Holdings' (HKG:1632) Shareholders Should Assess Earnings With CautionMinshang Creative Technology Holdings Limited ( HKG:1632 ) recently released a strong earnings report, and the market...New Risk • Dec 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$197.4m market cap, or US$25.3m).Reported Earnings • Nov 28First half 2024 earnings released: EPS: HK$0.017 (vs HK$0.003 loss in 1H 2023)First half 2024 results: EPS: HK$0.017 (up from HK$0.003 loss in 1H 2023). Revenue: HK$77.5m (up 122% from 1H 2023). Net income: HK$14.9m (up HK$18.0m from 1H 2023). Profit margin: 19% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 19% per year.お知らせ • Nov 21Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Earning Guidance for the Six Month Ended September 30, 2023Minshang Creative Technology Holdings Limited provided unaudited consolidated earning guidance for the six month ended September 30, 2023. For the period, the Group is expected to record a net profit attributable to shareholders of the Company of approximately HKD 15 million for the Period as compared to a net loss attributable to shareholders of the Company of approximately HKD 3 million for the six months ended 30 September 2022. The Board considers that such expected turnaround from net loss to net profit was mainly attributable to the gain on disposal of subsidiaries completed on 27 April 2023 of approximately HKD 25.8 million.お知らせ • Nov 17Minshang Creative Technology Holdings Limited to Report First Half, 2024 Results on Nov 24, 2023Minshang Creative Technology Holdings Limited announced that they will report first half, 2024 results on Nov 24, 2023Reported Earnings • Jul 31Full year 2023 earnings released: HK$0.002 loss per share (vs HK$0.007 loss in FY 2022)Full year 2023 results: HK$0.002 loss per share (improved from HK$0.007 loss in FY 2022). Revenue: HK$106.6m (down 88% from FY 2022). Net loss: HK$1.36m (loss narrowed 77% from FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Jul 29Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 24, 2023Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 24, 2023, at 10:00 China Standard Time. Location: Unit 1203B, 20405, 12/F, World-Wide House, 19 Des Voeux Road Central, Hong Kong Hong Kong Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries for the year ended 31 March 2023 together with the reports of the directors and independent auditor thereon; To authorise the board of directors of the Company to fix the remuneration of the directors of the Company for the year ending 31 March 2024; To re-appoint RSM Hong Kong as the independent auditor of the Company and authorise the board of directors of the Company to fix its remuneration; To re-elect an executive director and non-executive director;.分析記事 • Jul 26Minshang Creative Technology Holdings Limited's (HKG:1632) 33% Dip In Price Shows Sentiment Is Matching EarningsThe Minshang Creative Technology Holdings Limited ( HKG:1632 ) share price has fared very poorly over the last month...Reported Earnings • Jun 30Full year 2023 earnings released: HK$0.001 loss per share (vs HK$0.007 loss in FY 2022)Full year 2023 results: HK$0.001 loss per share (improved from HK$0.007 loss in FY 2022). Revenue: HK$106.6m (down 88% from FY 2022). Net loss: HK$1.36m (loss narrowed 77% from FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (HK$330.5m market cap, or US$42.3m).お知らせ • Jun 17Minshang Creative Technology Holdings Limited to Report Fiscal Year 2023 Results on Jun 29, 2023Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2023 results on Jun 29, 2023お知らせ • Jan 11Minshang Creative Technology Holdings Limited Announces Resignation of Mr. Lu Shenghong as Executive DirectorThe board of directors of Minshang Creative Technology Holdings Limited announced that Mr. Lu Shenghong (Mr. Lu) has resigned as an Executive Director of the company with effect from 10 January 2023 due to his personal commitments.お知らせ • Dec 01+ 1 more updateMinshang Creative Technology Holdings Limited Announces Chief Executive Officer ChangesThe Board of Minshang Creative Technology Holdings Limited announced that, Mr. Wu Jiangtao (Mr. Wu), has resigned as the chief executive officer of the company due to work rearrangement, but remains as the Chairman and Executive Director of the Company, with effect from 30 November 2022. Following the resignation of Mr. Wu as the CEO of the Company, the Board further announced that with effect from 30 November 2022, Mr. Tao Jingyuan ("Mr. Tao") who is an Executive Director of the Company has been appointed as the CEO of the Company. Mr. Tao, aged 37, is an Executive Director of the Company since 6 March 2020. Mr. Tao received his bachelor's degree in Engineering Mechanics at Tsinghua University in July 2007 and his master's degree in Finance at the University of Hong Kong in June 2012. Prior to joining the Company, Mr. Tao had worked as senior manager ofcorporate business department of Harvest Fund Management Co. Ltd. from July 2007 to July 2010; vice president of Asia Pacific region business department of Harvest Global Investments from August 2010 to May 2012; General Manager of private banking department of China Minsheng Banking Corp., Ltd, Wuhan Branch, from May 2012 to July 2015. After that, Mr. Tao joined Minsheng E-Commerce in September 2015 and hasbeen serving as vice president of Minsheng E-Commerce & General Manager of Finance Division and is appointed as the chief executive officer of Minsheng E-Commerce since July 2022. Mr. Tao, as an executive Director of the Company, is currently responsible for the overall strategic development of the Group. Upon the appointment of the CEO, Mr. Tao will be responsible for accelerating the implementation of business strategies andmanagement of the day-to-day operations of the Group's business. In addition, the change of the CEO will enable the Company to comply with the code provision C.2.1 of separating the roles of the chairman of the Board and the CEO of the Company under the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.Reported Earnings • Nov 26First half 2023 earnings released: HK$0.003 loss per share (vs HK$0.001 loss in 1H 2022)First half 2023 results: HK$0.003 loss per share (further deteriorated from HK$0.001 loss in 1H 2022). Revenue: HK$34.9m (down 96% from 1H 2022). Net loss: HK$3.05m (loss widened 306% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Nov 16Minshang Creative Technology Holdings Limited to Report First Half, 2023 Results on Nov 25, 2022Minshang Creative Technology Holdings Limited announced that they will report first half, 2023 results on Nov 25, 2022Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Jul 02Full year 2022 earnings releasedFull year 2022 results: Revenue: HK$910.3m (down 43% from FY 2021). Net loss: HK$6.03m (down 124% from profit in FY 2021).お知らせ • Jul 01Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 26, 2022Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 26, 2022.お知らせ • Jun 24Minshang Creative Technology Holdings Limited (SEHK:1632) completed the acquisition of Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others.Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million on December 24, 2021. Minshang Creative will issue 171,783,636 shares to vendors. Assuming the fulfillment of the 2022 Financial Guarantee and the 2023 Financial Guarantee, the Second Stage Consideration Shares and the Third Stage Consideration Shares will be allotted and issued respectively. The first stage of the Consideration shall be HKD 22,847,224, which shall be settled by allotment and issue of a total of 34,356,728 Consideration Shares. HKD 34,270,835, which shall be settled by allotment and issue of a total of 51,535,090 Consideration Shares as second stage of consideration and HKD 57,118,059, which shall be settled by allotment and issue of a total of 85,891,818 Consideration Shares will be third stage of consideration. Upon Completion, Changjing Wanxiang will become a wholly-owned subsidiary of Minshang and the financial results of the Target Group will therefore be consolidated into the consolidated financial statements of Minshang. The unaudited net asset value of Changjing Wanxiang as at 30 November 2021 was approximately HKD 9.3 million. The transaction is subject to due diligence, all necessary consents, filings and approvals by such third parties (including any governmental, official body or regulatory authority). As of June 22, 2022, all conditions precedent to completion of agreement have been fulfilled. Parties agreed to extend the Long Stop Date to June 30, 2022. Minshang Creative Technology Holdings Limited (SEHK:1632) completed the acquisition of Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others on June 22, 2022. At completion, Minshang issued the first stage consideration shares, being a total of 34,356,728 consideration shares.お知らせ • Jun 21Minshang Creative Technology Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2022The board of directors of the Minshang Creative Technology Holdings Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the company for the year ended 31 March 2022, the Group is expected to record a net loss attributable to owners of the Company in between approximately HKD 6 million to HKD 9 million for the year ended 31 March 2022 as compared to a net profit attributable to owners of the Company of approximately HKD 25.6 million for the year ended 31 March 2021. The Board considers that such loss was mainly attributable to (i) the rise in cost of revenue, in particular, the advertising and promotion costs for technology services business; (ii) decrease in share of results of associates due to fierce market competition which led to a drop in profit margin and increase in operating costs due to continuous outbreak of COVID-19 during the Period; and (iii) the decrease in revenue from trading business due to decline in demand as a result of continuous outbreak of COVID-19 during the Period.お知らせ • Jun 15Minshang Creative Technology Holdings Limited to Report Q4, 2022 Results on Jun 24, 2022Minshang Creative Technology Holdings Limited announced that they will report Q4, 2022 results on Jun 24, 2022Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Dec 25Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million.Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million on December 24, 2021. Minshang Creative will issue 171,783,636 shares to vendors. Assuming the fulfillment of the 2022 Financial Guarantee and the 2023 Financial Guarantee, the Second Stage Consideration Shares and the Third Stage Consideration Shares will be allotted and issued respectively. The first stage of the Consideration shall be HKD 22,847,224, which shall be settled by allotment and issue of a total of 34,356,728 Consideration Shares. HK$34,270,835, which shall be settled by allotment and issue of a total of 51,535,090 Consideration Shares as second stage of consideration and HKD 57,118,059, which shall be settled by allotment and issue of a total of 85,891,818 Consideration Shares will be third stage of consideration. Upon Completion, Changjing Wanxiang will become an indirect wholly-owned subsidiary of Minshang and the financial results of the Target Group will therefore be consolidated into the consolidated financial statements of Minshang. The unaudited net asset value of Changjing Wanxiang as at 30 November 2021 was approximately HKD 9.3 million. The transaction is subject to due diligence, all necessary consents, filings and approvals by such third parties (including any governmental, official body or regulatory authority).Reported Earnings • Nov 29First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: HK$0.001 loss per share (down from HK$0.007 profit in 1H 2021). Revenue: HK$872.4m (up 36% from 1H 2021). Net loss: HK$752.0k (down 113% from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.分析記事 • Nov 08Minshang Creative Technology Holdings (HKG:1632) May Have Issues Allocating Its CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...分析記事 • Aug 04Minshang Creative Technology Holdings' (HKG:1632) Performance Is Even Better Than Its Earnings SuggestMinshang Creative Technology Holdings Limited ( HKG:1632 ) recently posted some strong earnings, and the market...Reported Earnings • Aug 02Full year 2021 earnings released: EPS HK$0.03 (vs HK$0.024 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.59b (up 57% from FY 2020). Net income: HK$25.6m (up HK$46.5m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 35% per year, which means it is significantly lagging earnings.分析記事 • Jul 28Here's What's Concerning About Minshang Creative Technology Holdings' (HKG:1632) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Reported Earnings • Jun 23Full year 2021 earnings released: EPS HK$0.03 (vs HK$0.024 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.59b (up 57% from FY 2020). Net income: HK$25.6m (up HK$46.5m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 35% per year, which means it is significantly lagging earnings.お知らせ • Jun 16Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Financial Guidance for the Year Ended March 31, 2021Minshang Creative Technology Holdings Limited provided unaudited consolidated financial guidance for the year ended March 31, 2021. For the period, the Group is expected to record a net profit attributable to shareholders of the Company within the range of HKD 22 million to HKD 27 million for the year ended 31 March 2021 as compared to a net loss attributable to shareholders of the Company of approximately HKD 21 million for the year ended 31 March 2020.Executive Departure • May 04Non-Executive Director has left the companyOn the 30th of April, Stacey Wong's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Stacey's name. A total of 2 executives have left over the last 12 months.Is New 90 Day High Low • Dec 30New 90-day high: HK$0.86The company is up 115% from its price of HK$0.40 on 30 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period.Is New 90 Day High Low • Dec 14New 90-day high: HK$0.82The company is up 80% from its price of HK$0.46 on 15 September 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 3.0% over the same period.分析記事 • Dec 13How Much Did Minshang Creative Technology Holdings'(HKG:1632) Shareholders Earn From Share Price Movements Over The Last Three Years?Minshang Creative Technology Holdings Limited ( HKG:1632 ) shareholders should be happy to see the share price up 24...お知らせ • Dec 06Minshang Creative Technology Holdings Limited Announces Management ChangesThe board of directors of Minshang Creative Technology Holdings Limited announced that Mr. Ko Po Ming has resigned as an independent non-executive director, the chairman of the remuneration committee and a member of the audit committee of the Company with effect from 4 December 2020 due to his intended pursuit of other business engagements which require more of his dedication. Mr. Ko has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announced that following the resignation of Mr. Ko, Mr. Cheung Miu, an independent non-executive director and an existing member of the remuneration committee of the Company, was appointed as the chairman of the remuneration committee with effect from 4 December 2020 and Mr. Cheung Pak To, Patrick, an independent non-executive director of the Company, was appointed as a member of the audit committee and the remuneration committee of the Company with effect from 4 December 2020.Reported Earnings • Nov 28First half 2021 earnings released: EPS HK$0.007The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$642.5m (up 51% from 1H 2020). Net income: HK$5.91m (up HK$11.2m from 1H 2020). Profit margin: 0.9% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.お知らせ • Nov 14Minshang Creative Technology Holdings Limited to Report First Half, 2021 Results on Nov 26, 2020Minshang Creative Technology Holdings Limited announced that they will report first half, 2021 results on Nov 26, 2020Is New 90 Day High Low • Nov 10New 90-day low: HK$0.39The company is down 25% from its price of HK$0.51 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: HK$0.41The company is down 19% from its price of HK$0.50 on 26 June 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period.株主還元1632HK HospitalityHK 市場7D0%-2.7%-0.9%1Y-66.0%-27.9%-4.5%株主還元を見る業界別リターン: 1632過去 1 年間で-27.9 % の収益を上げたHong Kong Hospitality業界を下回りました。リターン対市場: 1632は、過去 1 年間で-4.5 % のリターンを上げたHong Kong市場を下回りました。価格変動Is 1632's price volatile compared to industry and market?1632 volatility1632 Average Weekly Movementn/aHospitality Industry Average Movement6.0%Market Average Movement7.8%10% most volatile stocks in HK Market16.0%10% least volatile stocks in HK Market3.7%安定した株価: データは利用できません。時間の経過による変動: 過去 1 年間の1632のボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト200373Di Chenwww.minshangct.com投資持株会社であるMinshang Creative Technology Holdings Limitedは、香港と中華人民共和国でレストランチェーンを展開している。トレーディング事業、ITソリューション事業を展開。また、3C電子製品、冷凍食品、穀物・油脂製品の取引、SaaSシステムの設計、ソフトウェアのカスタマイズサービス、ITソリューションの提供も行っている。さらに、ケータリングマネジメントやその他のマネジメントサービスの提供、商標の所有も行っている。同社は以前はFood Wise Holdings Limitedとして知られていたが、2018年10月にMinshang Creative Technology Holdings Limitedに社名を変更した。Minshang Creative Technology Holdings Limitedは2003年に設立され、香港のアドミラルティに本社を置いている。Minshang Creative Technology Holdings LimitedはMSEC Holdings Limitedの子会社である。もっと見るMinshang Creative Technology Holdings Limited 基礎のまとめMinshang Creative Technology Holdings の収益と売上を時価総額と比較するとどうか。1632 基礎統計学時価総額HK$48.62m収益（TTM）-HK$56.08m売上高(TTM)HK$19.54m2.5xP/Sレシオ-0.9xPER（株価収益率1632 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1632 損益計算書（TTM）収益HK$19.54m売上原価HK$35.61m売上総利益-HK$16.06mその他の費用HK$40.02m収益-HK$56.08m直近の収益報告Sep 30, 2025次回決算日Aug 31, 2026一株当たり利益（EPS）-0.059グロス・マージン-82.19%純利益率-286.96%有利子負債／自己資本比率82.2%1632 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/18 02:57終値2026/06/30 00:00収益2025/09/30年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Minshang Creative Technology Holdings Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • Jul 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$48.6m market cap, or US$6.20m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Jun 16New major risk - Share price stabilityThe 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$52m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$47.7m market cap, or US$6.09m). Minor Risk Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.86m) 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$52m free cash flow). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Dec 24New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$52m 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$52m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Market cap is less than US$100m (HK$97.2m market cap, or US$12.5m).
分析記事 • Dec 01Despite Lacking Profits Minshang Creative Technology Holdings (HKG:1632) Seems To Be On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Nov 30New major risk - Share price stabilityThe 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 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Jul 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$48.6m market cap, or US$6.20m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Jun 16New major risk - Share price stabilityThe 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$52m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$47.7m market cap, or US$6.09m). Minor Risk Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.86m) 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$52m free cash flow). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.86m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Dec 24New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$52m 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$52m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Market cap is less than US$100m (HK$97.2m market cap, or US$12.5m).
分析記事 • Dec 01Despite Lacking Profits Minshang Creative Technology Holdings (HKG:1632) Seems To Be On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Nov 30New major risk - Share price stabilityThe 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 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
New Risk • Nov 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -HK$19m This is considered a minor 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 Earnings have declined by 68% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$19m). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (HK$20m revenue, or US$2.5m).
お知らせ • Nov 17Minshang Creative Technology Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025Minshang Creative Technology Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025
New Risk • Oct 23New minor risk - Share price stabilityThe 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: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (HK$191k revenue, or US$25k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$91.5m market cap, or US$11.8m).
New Risk • Oct 21New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$76.3m (US$9.82m) 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 Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (HK$191k revenue, or US$25k). Market cap is less than US$10m (HK$76.3m market cap, or US$9.82m).
Board Change • Aug 25Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05Full year 2025 earnings released: HK$0.062 loss per share (vs HK$0.069 loss in FY 2024)Full year 2025 results: HK$0.062 loss per share (improved from HK$0.069 loss in FY 2024). Net loss: HK$56.8m (loss narrowed 7.6% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 22Full year 2025 earnings released: HK$0.062 loss per share (vs HK$0.04 loss in FY 2024)Full year 2025 results: HK$0.062 loss per share (further deteriorated from HK$0.04 loss in FY 2024). Net loss: HK$56.8m (loss widened 59% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 21Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 21, 2025Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 21, 2025.
お知らせ • Jun 10Minshang Creative Technology Holdings Limited to Report Fiscal Year 2025 Results on Jun 20, 2025Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2025 results on Jun 20, 2025
Board Change • Jun 05Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • May 07Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 27Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.8% 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 Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (HK$116k revenue, or US$15k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$205.0m market cap, or US$26.3m).
Board Change • Jan 02Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 20Less than half of directors are independentFollowing 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. 4 non-independent directors. Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 19Minshang Creative Technology Holdings Limited Announces Executive ChangesMinshang Creative Technology Holdings Limited announced the resignation of Ms. Li Jia as an executive director of the Company. The Board announced that Ms. Ning Mengmeng ("Ms. Ning") has been appointed as executive Director with effect from 19 December 2024. The biographical details of Ms. Ning are set out below: Ms. Ning, aged 38, has over 10 years of experience in financial investment management. Ms. Ning joins the Group as an executive Director of the Company and is responsible for investment management. She was the vice general manager of Hainan Pin Yi Investment Company Limited from August 2022 to December 2024, a company which principally engages in financial investment management. Ms. Ning has also worked in Beijing Zhaocaiyu Investment Management Limited, a company which principally engages in financial investment management, and she was the general manager of this company from June 2019 to June 2020. Ms. Ning was graduated from Nanchang Institute of Technology.
New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% 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: Major Risks Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (HK$116k revenue, or US$15k). Minor Risks Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Market cap is less than US$100m (HK$252.6m market cap, or US$32.5m).
Reported Earnings • Nov 30First half 2025 earnings released: HK$0.012 loss per share (vs HK$0.017 profit in 1H 2024)First half 2025 results: HK$0.012 loss per share (down from HK$0.017 profit in 1H 2024). Net loss: HK$11.1m (down 175% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 27Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 September 2024Minshang Creative Technology Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2024. For the period, Group expected to record a net loss attributable to shareholders of the Company approximately HKD 10 million for the Period as compared to a net profit attributable to shareholders of the Company of approximately HKD 15 million for the six months ended 30 September 2023 (the "Last Corresponding Period").
お知らせ • Nov 26Minshang Creative Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 29.6 million.Minshang Creative Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 29.6 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: HKD 0.48 Security Name: Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: HKD 0.5 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 19Minshang Creative Technology Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024Minshang Creative Technology Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024
お知らせ • Nov 01Minshang Creative Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30 million.Minshang Creative Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30 million. Security Name: Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: HKD 0.5 Transaction Features: Subsequent Direct Listing
Reported Earnings • Aug 05Full year 2024 earnings released: HK$0.04 loss per share (vs HK$0.001 profit in FY 2023)Full year 2024 results: HK$0.04 loss per share (down from HK$0.001 profit in FY 2023). Net loss: HK$35.6m (down HK$36.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 30Full year 2024 earnings released: HK$0.04 loss per share (vs HK$0.002 loss in FY 2023)Full year 2024 results: HK$0.04 loss per share (further deteriorated from HK$0.002 loss in FY 2023). Net loss: HK$35.6m (loss widened HK$34.2m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 29Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 22, 2024Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 22, 2024.
お知らせ • Jun 19Minshang Creative Technology Holdings Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2024 results on Jun 28, 2024
分析記事 • May 08Getting In Cheap On Minshang Creative Technology Holdings Limited (HKG:1632) Is UnlikelyThere wouldn't be many who think Minshang Creative Technology Holdings Limited's ( HKG:1632 ) price-to-sales (or "P/S...
分析記事 • Dec 21Minshang Creative Technology Holdings' (HKG:1632) Shareholders Should Assess Earnings With CautionMinshang Creative Technology Holdings Limited ( HKG:1632 ) recently released a strong earnings report, and the market...
New Risk • Dec 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$197.4m market cap, or US$25.3m).
Reported Earnings • Nov 28First half 2024 earnings released: EPS: HK$0.017 (vs HK$0.003 loss in 1H 2023)First half 2024 results: EPS: HK$0.017 (up from HK$0.003 loss in 1H 2023). Revenue: HK$77.5m (up 122% from 1H 2023). Net income: HK$14.9m (up HK$18.0m from 1H 2023). Profit margin: 19% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 19% per year.
お知らせ • Nov 21Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Earning Guidance for the Six Month Ended September 30, 2023Minshang Creative Technology Holdings Limited provided unaudited consolidated earning guidance for the six month ended September 30, 2023. For the period, the Group is expected to record a net profit attributable to shareholders of the Company of approximately HKD 15 million for the Period as compared to a net loss attributable to shareholders of the Company of approximately HKD 3 million for the six months ended 30 September 2022. The Board considers that such expected turnaround from net loss to net profit was mainly attributable to the gain on disposal of subsidiaries completed on 27 April 2023 of approximately HKD 25.8 million.
お知らせ • Nov 17Minshang Creative Technology Holdings Limited to Report First Half, 2024 Results on Nov 24, 2023Minshang Creative Technology Holdings Limited announced that they will report first half, 2024 results on Nov 24, 2023
Reported Earnings • Jul 31Full year 2023 earnings released: HK$0.002 loss per share (vs HK$0.007 loss in FY 2022)Full year 2023 results: HK$0.002 loss per share (improved from HK$0.007 loss in FY 2022). Revenue: HK$106.6m (down 88% from FY 2022). Net loss: HK$1.36m (loss narrowed 77% from FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Jul 29Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 24, 2023Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 24, 2023, at 10:00 China Standard Time. Location: Unit 1203B, 20405, 12/F, World-Wide House, 19 Des Voeux Road Central, Hong Kong Hong Kong Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries for the year ended 31 March 2023 together with the reports of the directors and independent auditor thereon; To authorise the board of directors of the Company to fix the remuneration of the directors of the Company for the year ending 31 March 2024; To re-appoint RSM Hong Kong as the independent auditor of the Company and authorise the board of directors of the Company to fix its remuneration; To re-elect an executive director and non-executive director;.
分析記事 • Jul 26Minshang Creative Technology Holdings Limited's (HKG:1632) 33% Dip In Price Shows Sentiment Is Matching EarningsThe Minshang Creative Technology Holdings Limited ( HKG:1632 ) share price has fared very poorly over the last month...
Reported Earnings • Jun 30Full year 2023 earnings released: HK$0.001 loss per share (vs HK$0.007 loss in FY 2022)Full year 2023 results: HK$0.001 loss per share (improved from HK$0.007 loss in FY 2022). Revenue: HK$106.6m (down 88% from FY 2022). Net loss: HK$1.36m (loss narrowed 77% from FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
New Risk • Jun 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (HK$330.5m market cap, or US$42.3m).
お知らせ • Jun 17Minshang Creative Technology Holdings Limited to Report Fiscal Year 2023 Results on Jun 29, 2023Minshang Creative Technology Holdings Limited announced that they will report fiscal year 2023 results on Jun 29, 2023
お知らせ • Jan 11Minshang Creative Technology Holdings Limited Announces Resignation of Mr. Lu Shenghong as Executive DirectorThe board of directors of Minshang Creative Technology Holdings Limited announced that Mr. Lu Shenghong (Mr. Lu) has resigned as an Executive Director of the company with effect from 10 January 2023 due to his personal commitments.
お知らせ • Dec 01+ 1 more updateMinshang Creative Technology Holdings Limited Announces Chief Executive Officer ChangesThe Board of Minshang Creative Technology Holdings Limited announced that, Mr. Wu Jiangtao (Mr. Wu), has resigned as the chief executive officer of the company due to work rearrangement, but remains as the Chairman and Executive Director of the Company, with effect from 30 November 2022. Following the resignation of Mr. Wu as the CEO of the Company, the Board further announced that with effect from 30 November 2022, Mr. Tao Jingyuan ("Mr. Tao") who is an Executive Director of the Company has been appointed as the CEO of the Company. Mr. Tao, aged 37, is an Executive Director of the Company since 6 March 2020. Mr. Tao received his bachelor's degree in Engineering Mechanics at Tsinghua University in July 2007 and his master's degree in Finance at the University of Hong Kong in June 2012. Prior to joining the Company, Mr. Tao had worked as senior manager ofcorporate business department of Harvest Fund Management Co. Ltd. from July 2007 to July 2010; vice president of Asia Pacific region business department of Harvest Global Investments from August 2010 to May 2012; General Manager of private banking department of China Minsheng Banking Corp., Ltd, Wuhan Branch, from May 2012 to July 2015. After that, Mr. Tao joined Minsheng E-Commerce in September 2015 and hasbeen serving as vice president of Minsheng E-Commerce & General Manager of Finance Division and is appointed as the chief executive officer of Minsheng E-Commerce since July 2022. Mr. Tao, as an executive Director of the Company, is currently responsible for the overall strategic development of the Group. Upon the appointment of the CEO, Mr. Tao will be responsible for accelerating the implementation of business strategies andmanagement of the day-to-day operations of the Group's business. In addition, the change of the CEO will enable the Company to comply with the code provision C.2.1 of separating the roles of the chairman of the Board and the CEO of the Company under the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.
Reported Earnings • Nov 26First half 2023 earnings released: HK$0.003 loss per share (vs HK$0.001 loss in 1H 2022)First half 2023 results: HK$0.003 loss per share (further deteriorated from HK$0.001 loss in 1H 2022). Revenue: HK$34.9m (down 96% from 1H 2022). Net loss: HK$3.05m (loss widened 306% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Nov 16Minshang Creative Technology Holdings Limited to Report First Half, 2023 Results on Nov 25, 2022Minshang Creative Technology Holdings Limited announced that they will report first half, 2023 results on Nov 25, 2022
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Jul 02Full year 2022 earnings releasedFull year 2022 results: Revenue: HK$910.3m (down 43% from FY 2021). Net loss: HK$6.03m (down 124% from profit in FY 2021).
お知らせ • Jul 01Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 26, 2022Minshang Creative Technology Holdings Limited, Annual General Meeting, Aug 26, 2022.
お知らせ • Jun 24Minshang Creative Technology Holdings Limited (SEHK:1632) completed the acquisition of Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others.Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million on December 24, 2021. Minshang Creative will issue 171,783,636 shares to vendors. Assuming the fulfillment of the 2022 Financial Guarantee and the 2023 Financial Guarantee, the Second Stage Consideration Shares and the Third Stage Consideration Shares will be allotted and issued respectively. The first stage of the Consideration shall be HKD 22,847,224, which shall be settled by allotment and issue of a total of 34,356,728 Consideration Shares. HKD 34,270,835, which shall be settled by allotment and issue of a total of 51,535,090 Consideration Shares as second stage of consideration and HKD 57,118,059, which shall be settled by allotment and issue of a total of 85,891,818 Consideration Shares will be third stage of consideration. Upon Completion, Changjing Wanxiang will become a wholly-owned subsidiary of Minshang and the financial results of the Target Group will therefore be consolidated into the consolidated financial statements of Minshang. The unaudited net asset value of Changjing Wanxiang as at 30 November 2021 was approximately HKD 9.3 million. The transaction is subject to due diligence, all necessary consents, filings and approvals by such third parties (including any governmental, official body or regulatory authority). As of June 22, 2022, all conditions precedent to completion of agreement have been fulfilled. Parties agreed to extend the Long Stop Date to June 30, 2022. Minshang Creative Technology Holdings Limited (SEHK:1632) completed the acquisition of Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others on June 22, 2022. At completion, Minshang issued the first stage consideration shares, being a total of 34,356,728 consideration shares.
お知らせ • Jun 21Minshang Creative Technology Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2022The board of directors of the Minshang Creative Technology Holdings Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the company for the year ended 31 March 2022, the Group is expected to record a net loss attributable to owners of the Company in between approximately HKD 6 million to HKD 9 million for the year ended 31 March 2022 as compared to a net profit attributable to owners of the Company of approximately HKD 25.6 million for the year ended 31 March 2021. The Board considers that such loss was mainly attributable to (i) the rise in cost of revenue, in particular, the advertising and promotion costs for technology services business; (ii) decrease in share of results of associates due to fierce market competition which led to a drop in profit margin and increase in operating costs due to continuous outbreak of COVID-19 during the Period; and (iii) the decrease in revenue from trading business due to decline in demand as a result of continuous outbreak of COVID-19 during the Period.
お知らせ • Jun 15Minshang Creative Technology Holdings Limited to Report Q4, 2022 Results on Jun 24, 2022Minshang Creative Technology Holdings Limited announced that they will report Q4, 2022 results on Jun 24, 2022
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Sammy Choi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Dec 25Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million.Minshang Creative Technology Holdings Limited (SEHK:1632) agreed to acquire Changjing Wanxiang (Beijing) Technology Co., Ltd. from Tiantu VC USD Fund I L.P. and others for approximately HKD 120 million on December 24, 2021. Minshang Creative will issue 171,783,636 shares to vendors. Assuming the fulfillment of the 2022 Financial Guarantee and the 2023 Financial Guarantee, the Second Stage Consideration Shares and the Third Stage Consideration Shares will be allotted and issued respectively. The first stage of the Consideration shall be HKD 22,847,224, which shall be settled by allotment and issue of a total of 34,356,728 Consideration Shares. HK$34,270,835, which shall be settled by allotment and issue of a total of 51,535,090 Consideration Shares as second stage of consideration and HKD 57,118,059, which shall be settled by allotment and issue of a total of 85,891,818 Consideration Shares will be third stage of consideration. Upon Completion, Changjing Wanxiang will become an indirect wholly-owned subsidiary of Minshang and the financial results of the Target Group will therefore be consolidated into the consolidated financial statements of Minshang. The unaudited net asset value of Changjing Wanxiang as at 30 November 2021 was approximately HKD 9.3 million. The transaction is subject to due diligence, all necessary consents, filings and approvals by such third parties (including any governmental, official body or regulatory authority).
Reported Earnings • Nov 29First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: HK$0.001 loss per share (down from HK$0.007 profit in 1H 2021). Revenue: HK$872.4m (up 36% from 1H 2021). Net loss: HK$752.0k (down 113% from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
分析記事 • Nov 08Minshang Creative Technology Holdings (HKG:1632) May Have Issues Allocating Its CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
分析記事 • Aug 04Minshang Creative Technology Holdings' (HKG:1632) Performance Is Even Better Than Its Earnings SuggestMinshang Creative Technology Holdings Limited ( HKG:1632 ) recently posted some strong earnings, and the market...
Reported Earnings • Aug 02Full year 2021 earnings released: EPS HK$0.03 (vs HK$0.024 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.59b (up 57% from FY 2020). Net income: HK$25.6m (up HK$46.5m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 35% per year, which means it is significantly lagging earnings.
分析記事 • Jul 28Here's What's Concerning About Minshang Creative Technology Holdings' (HKG:1632) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Reported Earnings • Jun 23Full year 2021 earnings released: EPS HK$0.03 (vs HK$0.024 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.59b (up 57% from FY 2020). Net income: HK$25.6m (up HK$46.5m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 35% per year, which means it is significantly lagging earnings.
お知らせ • Jun 16Minshang Creative Technology Holdings Limited Provides Unaudited Consolidated Financial Guidance for the Year Ended March 31, 2021Minshang Creative Technology Holdings Limited provided unaudited consolidated financial guidance for the year ended March 31, 2021. For the period, the Group is expected to record a net profit attributable to shareholders of the Company within the range of HKD 22 million to HKD 27 million for the year ended 31 March 2021 as compared to a net loss attributable to shareholders of the Company of approximately HKD 21 million for the year ended 31 March 2020.
Executive Departure • May 04Non-Executive Director has left the companyOn the 30th of April, Stacey Wong's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Stacey's name. A total of 2 executives have left over the last 12 months.
Is New 90 Day High Low • Dec 30New 90-day high: HK$0.86The company is up 115% from its price of HK$0.40 on 30 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Dec 14New 90-day high: HK$0.82The company is up 80% from its price of HK$0.46 on 15 September 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 3.0% over the same period.
分析記事 • Dec 13How Much Did Minshang Creative Technology Holdings'(HKG:1632) Shareholders Earn From Share Price Movements Over The Last Three Years?Minshang Creative Technology Holdings Limited ( HKG:1632 ) shareholders should be happy to see the share price up 24...
お知らせ • Dec 06Minshang Creative Technology Holdings Limited Announces Management ChangesThe board of directors of Minshang Creative Technology Holdings Limited announced that Mr. Ko Po Ming has resigned as an independent non-executive director, the chairman of the remuneration committee and a member of the audit committee of the Company with effect from 4 December 2020 due to his intended pursuit of other business engagements which require more of his dedication. Mr. Ko has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announced that following the resignation of Mr. Ko, Mr. Cheung Miu, an independent non-executive director and an existing member of the remuneration committee of the Company, was appointed as the chairman of the remuneration committee with effect from 4 December 2020 and Mr. Cheung Pak To, Patrick, an independent non-executive director of the Company, was appointed as a member of the audit committee and the remuneration committee of the Company with effect from 4 December 2020.
Reported Earnings • Nov 28First half 2021 earnings released: EPS HK$0.007The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$642.5m (up 51% from 1H 2020). Net income: HK$5.91m (up HK$11.2m from 1H 2020). Profit margin: 0.9% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year.
お知らせ • Nov 14Minshang Creative Technology Holdings Limited to Report First Half, 2021 Results on Nov 26, 2020Minshang Creative Technology Holdings Limited announced that they will report first half, 2021 results on Nov 26, 2020
Is New 90 Day High Low • Nov 10New 90-day low: HK$0.39The company is down 25% from its price of HK$0.51 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: HK$0.41The company is down 19% from its price of HK$0.50 on 26 June 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period.
