View Future GrowthSMIT Holdings 過去の業績過去 基準チェック /06SMIT Holdingsの収益は年間平均-38.5%の割合で減少していますが、 Electronic業界の収益は年間 減少しています。収益は年間1.1% 22.7%割合で 減少しています。主要情報-38.55%収益成長率-38.38%EPS成長率Electronic 業界の成長4.85%収益成長率-22.74%株主資本利益率-3.52%ネット・マージン-36.02%前回の決算情報31 Dec 2025最近の業績更新お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026SMIT Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026Reported Earnings • Aug 24First half 2025 earnings released: US$0.048 loss per share (vs US$0.046 loss in 1H 2024)First half 2025 results: US$0.048 loss per share (further deteriorated from US$0.046 loss in 1H 2024). Revenue: US$7.07m (down 18% from 1H 2024). Net loss: US$15.7m (loss widened 5.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Aug 09SMIT Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025SMIT Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025Reported Earnings • Mar 30Full year 2024 earnings released: US$0.12 loss per share (vs US$0.043 loss in FY 2023)Full year 2024 results: US$0.12 loss per share (further deteriorated from US$0.043 loss in FY 2023). Revenue: US$14.0m (down 38% from FY 2023). Net loss: US$38.5m (loss widened 177% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.お知らせ • Mar 14SMIT Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025SMIT Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025Reported Earnings • Aug 06First half 2024 earnings released: US$0.046 loss per share (vs US$0.001 profit in 1H 2023)First half 2024 results: US$0.046 loss per share (down from US$0.001 profit in 1H 2023). Revenue: US$8.66m (down 23% from 1H 2023). Net loss: US$14.9m (down US$15.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.すべての更新を表示Recent updates分析記事 • Jul 01We're Not Very Worried About SMIT Holdings' (HKG:2239) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...お知らせ • May 29SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2025SMIT Holdings Limited at the Annual General Meeting Held on 29 May 2026, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2025.Upcoming Dividend • May 28Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 04 June 2026. Payment date: 23 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.4%).New Risk • May 26New 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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$134m sold). Market cap is less than US$100m (HK$373.7m market cap, or US$47.7m).Board Change • Apr 13Less 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 Chunqian Jiang was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Mar 29Dividend of HK$0.01 announcedShareholders will receive a dividend of HK$0.01. Ex-date: 4th June 2026 Payment date: 23rd June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.2%.お知らせ • Mar 28SMIT Holdings Limited, Annual General Meeting, May 29, 2026SMIT Holdings Limited, Annual General Meeting, May 29, 2026.お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026SMIT Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026分析記事 • Feb 13Here's Why We're Not Too Worried About SMIT Holdings' (HKG:2239) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...分析記事 • Nov 26SMIT Holdings Limited's (HKG:2239) Business Is Trailing The Industry But Its Shares Aren'tWhen you see that almost half of the companies in the Electronic industry in Hong Kong have price-to-sales ratios (or...分析記事 • Sep 29We're Hopeful That SMIT Holdings (HKG:2239) Will Use Its Cash WiselyEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Reported Earnings • Aug 24First half 2025 earnings released: US$0.048 loss per share (vs US$0.046 loss in 1H 2024)First half 2025 results: US$0.048 loss per share (further deteriorated from US$0.046 loss in 1H 2024). Revenue: US$7.07m (down 18% from 1H 2024). Net loss: US$15.7m (loss widened 5.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Aug 09SMIT Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025SMIT Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025お知らせ • May 30SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2024SMIT Holdings Limited at the AGM held on May 30,2025 declared a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2024.Upcoming Dividend • May 29Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 05 June 2025. Payment date: 20 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.6%).分析記事 • May 26Companies Like SMIT Holdings (HKG:2239) Are In A Position To Invest In GrowthEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...分析記事 • Apr 13Risks Still Elevated At These Prices As SMIT Holdings Limited (HKG:2239) Shares Dive 27%The SMIT Holdings Limited ( HKG:2239 ) share price has fared very poorly over the last month, falling by a substantial...Reported Earnings • Mar 30Full year 2024 earnings released: US$0.12 loss per share (vs US$0.043 loss in FY 2023)Full year 2024 results: US$0.12 loss per share (further deteriorated from US$0.043 loss in FY 2023). Revenue: US$14.0m (down 38% from FY 2023). Net loss: US$38.5m (loss widened 177% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.お知らせ • Mar 28SMIT Holdings Limited, Annual General Meeting, May 30, 2025SMIT Holdings Limited, Annual General Meeting, May 30, 2025.お知らせ • Mar 14SMIT Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025SMIT Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$253.4m market cap, or US$32.6m).Board Change • Jan 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.分析記事 • Dec 03Some Confidence Is Lacking In SMIT Holdings Limited (HKG:2239) As Shares Slide 27%SMIT Holdings Limited ( HKG:2239 ) shares have retraced a considerable 27% in the last month, reversing a fair amount...分析記事 • Sep 25SMIT Holdings Limited's (HKG:2239) 47% Price Boost Is Out Of Tune With RevenuesThose holding SMIT Holdings Limited ( HKG:2239 ) shares would be relieved that the share price has rebounded 47% in the...New Risk • Aug 26New 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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$165.7m market cap, or US$21.3m).Reported Earnings • Aug 06First half 2024 earnings released: US$0.046 loss per share (vs US$0.001 profit in 1H 2023)First half 2024 results: US$0.046 loss per share (down from US$0.001 profit in 1H 2023). Revenue: US$8.66m (down 23% from 1H 2023). Net loss: US$14.9m (down US$15.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 03SMIT Holdings Limited Appoints Ying Chen as Executive DirectorThe board of directors of SMIT Holdings Limited announced that Ms. Ying Chen has been appointed as an executive director of the Company with effect from 2 August 2024. Ms. Chen, aged 43, is the executive vice president of the Group. Ms. Chen is primarily responsible for corporate investment management and information disclosure. She has over 21 years of industry experience in integrated circuit. From July 2002 to September 2003, Ms. Chen worked as a research and development engineer at Shenzhen Guoxin Micro Co. Ltd. and served as assistant to the president and human resources manager from October 2003 to May 2005. Ms. Chen joined SMIT Group Limited, a wholly-owned subsidiary of the Company, in June 2005 where she began to serve as a director of the general office of from June 2005 to November 2008, secretary of the board from December 2008 to September 2010, vice president of SMIT Group from October 2010 to March 2018, and has been serving as executive vice president of the Group since April 2018. Ms. Chen graduated from Hefei University of Technology in July 2002 with a bachelor's degree in measurement and control technology and obtained a master's degree in business administration from Peking University in July 2024.分析記事 • Jul 29SMIT Holdings Limited (HKG:2239) Shares May Have Slumped 27% But Getting In Cheap Is Still UnlikelyTo the annoyance of some shareholders, SMIT Holdings Limited ( HKG:2239 ) shares are down a considerable 27% in the...お知らせ • Jun 01SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023SMIT Holdings Limited announced that at the AGM was held on 31 May 2024, the company declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023.Upcoming Dividend • May 30Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 21 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (3.1%).分析記事 • May 24SMIT Holdings Limited's (HKG:2239) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights SMIT Holdings will host its Annual General Meeting on 31st of May Total pay for CEO Xueliang Huang...お知らせ • Apr 30Smit Holdings Limited Proposes final Dividend in Respect of the Year Ended 31 December 2023SMIT Holdings Limited proposed final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023 at its Annual General Meeting to be held on 31 May 2024.Declared Dividend • Apr 27Dividend of HK$0.01 announcedShareholders will receive a dividend of HK$0.01. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.2%.Board Change • Apr 26Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. 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 • Apr 26SMIT Holdings Limited, Annual General Meeting, May 31, 2024SMIT Holdings Limited, Annual General Meeting, May 31, 2024.お知らせ • Apr 21SMIT Holdings Limited to Report Fiscal Year 2023 Results on Apr 24, 2024SMIT Holdings Limited announced that they will report fiscal year 2023 results on Apr 24, 2024New Risk • Mar 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 High level of non-cash earnings (47% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (HK$448.4m market cap, or US$57.3m).お知らせ • Mar 16SMIT Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024SMIT Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024New Risk • Sep 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% 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 (47% accrual ratio). Minor Risk Market cap is less than US$100m (HK$526.4m market cap, or US$67.2m).Reported Earnings • Aug 20First half 2023 earnings released: EPS: US$0.001 (vs US$0.015 loss in 1H 2022)First half 2023 results: EPS: US$0.001 (up from US$0.015 loss in 1H 2022). Revenue: US$11.2m (down 29% from 1H 2022). Net income: US$407.1k (up US$5.08m from 1H 2022). Profit margin: 3.6% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Aug 05SMIT Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023SMIT Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023お知らせ • May 30SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022SMIT Holdings Limited at the annual general meeting held on 29 May 2023, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2022.Upcoming Dividend • May 24Upcoming dividend of HK$0.01 per share at 0.4% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 0.6% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.3%).Reported Earnings • Mar 26Full year 2022 earnings released: EPS: US$0.18 (vs US$0.031 in FY 2021)Full year 2022 results: EPS: US$0.18 (up from US$0.031 in FY 2021). Revenue: US$29.4m (down 19% from FY 2021). Net income: US$57.2m (up 481% from FY 2021). 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 6% per year, which means it is significantly lagging earnings.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 Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$1.88, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 34% over the past three years.分析記事 • Sep 10Health Check: How Prudently Does SMIT Holdings (HKG:2239) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$1.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 35% over the past three years.お知らせ • Aug 20SMIT Holdings Limited Announces the Resignation of Shuai Hongyu as Executive Director, President and Chief Operating OfficerThe board of directors of SMIT Holdings Limited announced that the Company received a resignation letter from Mr. Shuai Hongyu ("Mr. Shuai") that Mr. Shuai would resign from its positions as Executive Director, President and Chief Operating Officer of the Company with effect from 19 August 2022 on his own accord due to work adjustments which allow him to devote more time to the daily business operations of the Group.Reported Earnings • Aug 20First half 2022 earnings released: US$0.01 loss per share (vs US$0.006 loss in 1H 2021)First half 2022 results: US$0.01 loss per share (down from US$0.006 loss in 1H 2021). Revenue: US$15.8m (up 2.2% from 1H 2021). Net loss: US$4.67m (loss widened 154% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 5% 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 • Aug 13SMIT Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ending 30 June 2022SMIT Holdings Limited provided unaudited consolidated earnings guidance for the six months ending 30 June 2022. For the six months, Group expects to record a net loss of not more than USD 5,000,000 as compared to a net loss of approximately USD 1,850,000 that was recorded for the six months ended 30 June 2021.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$2.01, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 29% over the past three years.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 21% share price gain to HK$2.23, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 13% over the past three years.お知らせ • May 28SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021SMIT Holdings Limited at the annual general meeting held on 27 May 2022, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2021.Upcoming Dividend • May 24Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to HK$1.67, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 49% over the past three years.分析記事 • May 05SMIT Holdings (HKG:2239) Is Making Moderate Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Apr 27Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020)Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.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. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Kar was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.84, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 32% over the past three years.Reported Earnings • Mar 28Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020)Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.分析記事 • Sep 14Is SMIT Holdings (HKG:2239) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent Insider Transactions Derivative • Aug 27CFO, Executive VP & Executive Director exercised options and sold HK$400k worth of stockOn the 23rd of August, Man-tsun Loong exercised options to acquire 82k shares at no cost and sold these for an average price of HK$4.88 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.9m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 24First half 2021 earnings released: US$0.006 loss per share (vs US$0.02 loss in 1H 2020)The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: US$15.5m (down 15% from 1H 2020). Net loss: US$1.84m (loss narrowed 71% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Recent Insider Transactions Derivative • Jul 20CFO, Executive VP & Executive Director exercised options and sold HK$436k worth of stockOn the 14th of July, Man-tsun Loong exercised options to acquire 104k shares at no cost and sold these for an average price of HK$4.19 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$4.1m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Jul 06CFO, Executive VP & Executive Director exercised options and sold HK$221k worth of stockOn the 30th of June, Man-tsun Loong exercised options to acquire 61k shares at no cost and sold these for an average price of HK$3.63 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$2.5m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • May 29+ 1 more updateSMIT Holdings Limited Approves Final Dividend for the Year Ended December 31, 2020SMIT Holdings Limited announced at the AGM held on May 28, 2021 that the company approved a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2020.Upcoming Dividend • May 25Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 18 June 2021. Trailing yield: 0.2%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.1%).Recent Insider Transactions Derivative • May 07CFO, Executive VP & Executive Director exercised options and sold HK$302k worth of stockOn the 30th of April, Man-tsun Loong exercised options to acquire 71k shares at no cost and sold these for an average price of HK$4.25 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.5m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Apr 26Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.分析記事 • Mar 29Is SMIT Holdings (HKG:2239) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Mar 28Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Executive Departure • Mar 27Non-Executive Director has left the companyOn the 25th of March, Yang Liu's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yang's name. Yang is the only executive to leave the company over the last 12 months.お知らせ • Mar 21SMIT Holdings Limited Provides Group Financial Guidance for the Year Ended 31 December 2020The board of directors of SMIT Holdings Limited announced that, according to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group expects to record a loss of not more than USD 4,000,000 as compared to a net profit of approximately USD 12,000,000 that was recorded for the year ended 31 December 2019. The loss for the year 2020 is mainly attributable to the absence of an one-off gain on deemed disposal of the equity interests in S2C Limited of approximately USD 22.78 million completed during the year ended 31 December 2019 and the Group's continuous investment and increased research and development expenditures relating to the development of the integrated circuit smart technology business, through the Group's subsidiaries and investee companies, which requires substantial capital investment.お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021SMIT Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$2.80, the stock is trading at a trailing P/E ratio of 16.8x, down from the previous P/E ratio of 20.3x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total return to shareholders over the past three years is a loss of 68%.分析記事 • Feb 17SMIT Holdings' (HKG:2239) Shareholders Are Down 56% On Their SharesSMIT Holdings Limited ( HKG:2239 ) shareholders will doubtless be very grateful to see the share price up 35% in the...Is New 90 Day High Low • Feb 03New 90-day high: HK$3.08The company is up 3.0% from its price of HK$3.00 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period.分析記事 • Jan 13We're Not Counting On SMIT Holdings (HKG:2239) To Sustain Its Statutory ProfitabilityMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Jan 13New 90-day low: HK$2.66The company is down 21% from its price of HK$3.38 on 15 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.Is New 90 Day High Low • Dec 28New 90-day low: HK$2.70The company is down 24% from its price of HK$3.55 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period.分析記事 • Dec 09What Type Of Shareholders Make Up SMIT Holdings Limited's (HKG:2239) Share Registry?If you want to know who really controls SMIT Holdings Limited ( HKG:2239 ), then you'll have to look at the makeup of...分析記事 • Nov 18SMIT Holdings'(HKG:2239) Share Price Is Down 25% Over The Past Three Years.For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...Recent Insider Transactions Derivative • Nov 10CFO, Executive VP & Executive Director exercised options and sold HK$174k worth of stockOn the 5th of November, Man-tsun Loong exercised options to acquire 58.00k shares at no cost and sold these for an average price of HK$3.00 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.2m more than they bought, via options and on-market transactions in the last 12 months.Is New 90 Day High Low • Oct 29New 90-day low: HK$3.36The company is down 12% from its price of HK$3.80 on 31 July 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 Electronic industry, which is down 9.0% over the same period.お知らせ • Aug 08SMIT Holdings Limited to Report First Half, 2020 Results on Aug 20, 2020SMIT Holdings Limited announced that they will report first half, 2020 results on Aug 20, 2020収支内訳SMIT Holdings の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SEHK:2239 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Dec 2515-581030 Sep 2514-2281030 Jun 2512-3981131 Mar 2513-3981131 Dec 2414-3881130 Sep 2417-3481130 Jun 2420-2991131 Mar 2421-2291131 Dec 2322-1491130 Sep 232424101830 Jun 232562112431 Mar 232760123131 Dec 222957133830 Sep 223332133830 Jun 22377133831 Mar 22368133831 Dec 213610133830 Sep 21365123830 Jun 21351123731 Mar 2136-1113031 Dec 2038-4112330 Sep 20382131730 Jun 20397141131 Mar 20389151031 Dec 193811161030 Sep 1935514930 Jun 1931013831 Mar 1936012831 Dec 1841111830 Sep 1864411830 Jun 1887711831 Mar 1890911831 Dec 17921110830 Sep 17781012730 Jun 1764913731 Mar 1762813731 Dec 1659813730 Sep 1658514730 Jun 1657214731 Mar 1661314731 Dec 1565315730 Sep 15655137質の高い収益: 2239は現在利益が出ていません。利益率の向上: 2239は現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 2239は利益が出ておらず、過去 5 年間で損失は年間38.5%の割合で増加しています。成長の加速: 2239の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: 2239は利益が出ていないため、過去 1 年間の収益成長をElectronic業界 ( 12.1% ) と比較することは困難です。株主資本利益率高いROE: 2239は現在利益が出ていないため、自己資本利益率 ( -3.52% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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2026/07/13 15:30終値2026/07/13 00:00収益2025/12/31年間収益2025/12/31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SMIT 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
お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026SMIT Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026
Reported Earnings • Aug 24First half 2025 earnings released: US$0.048 loss per share (vs US$0.046 loss in 1H 2024)First half 2025 results: US$0.048 loss per share (further deteriorated from US$0.046 loss in 1H 2024). Revenue: US$7.07m (down 18% from 1H 2024). Net loss: US$15.7m (loss widened 5.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 09SMIT Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025SMIT Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025
Reported Earnings • Mar 30Full year 2024 earnings released: US$0.12 loss per share (vs US$0.043 loss in FY 2023)Full year 2024 results: US$0.12 loss per share (further deteriorated from US$0.043 loss in FY 2023). Revenue: US$14.0m (down 38% from FY 2023). Net loss: US$38.5m (loss widened 177% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 14SMIT Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025SMIT Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025
Reported Earnings • Aug 06First half 2024 earnings released: US$0.046 loss per share (vs US$0.001 profit in 1H 2023)First half 2024 results: US$0.046 loss per share (down from US$0.001 profit in 1H 2023). Revenue: US$8.66m (down 23% from 1H 2023). Net loss: US$14.9m (down US$15.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
分析記事 • Jul 01We're Not Very Worried About SMIT Holdings' (HKG:2239) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
お知らせ • May 29SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2025SMIT Holdings Limited at the Annual General Meeting Held on 29 May 2026, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2025.
Upcoming Dividend • May 28Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 04 June 2026. Payment date: 23 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.4%).
New Risk • May 26New 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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$134m sold). Market cap is less than US$100m (HK$373.7m market cap, or US$47.7m).
Board Change • Apr 13Less 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 Chunqian Jiang was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Mar 29Dividend of HK$0.01 announcedShareholders will receive a dividend of HK$0.01. Ex-date: 4th June 2026 Payment date: 23rd June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.2%.
お知らせ • Mar 28SMIT Holdings Limited, Annual General Meeting, May 29, 2026SMIT Holdings Limited, Annual General Meeting, May 29, 2026.
お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026SMIT Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026
分析記事 • Feb 13Here's Why We're Not Too Worried About SMIT Holdings' (HKG:2239) Cash Burn SituationJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
分析記事 • Nov 26SMIT Holdings Limited's (HKG:2239) Business Is Trailing The Industry But Its Shares Aren'tWhen you see that almost half of the companies in the Electronic industry in Hong Kong have price-to-sales ratios (or...
分析記事 • Sep 29We're Hopeful That SMIT Holdings (HKG:2239) Will Use Its Cash WiselyEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Reported Earnings • Aug 24First half 2025 earnings released: US$0.048 loss per share (vs US$0.046 loss in 1H 2024)First half 2025 results: US$0.048 loss per share (further deteriorated from US$0.046 loss in 1H 2024). Revenue: US$7.07m (down 18% from 1H 2024). Net loss: US$15.7m (loss widened 5.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 09SMIT Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025SMIT Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025
お知らせ • May 30SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2024SMIT Holdings Limited at the AGM held on May 30,2025 declared a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2024.
Upcoming Dividend • May 29Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 05 June 2025. Payment date: 20 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.6%).
分析記事 • May 26Companies Like SMIT Holdings (HKG:2239) Are In A Position To Invest In GrowthEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
分析記事 • Apr 13Risks Still Elevated At These Prices As SMIT Holdings Limited (HKG:2239) Shares Dive 27%The SMIT Holdings Limited ( HKG:2239 ) share price has fared very poorly over the last month, falling by a substantial...
Reported Earnings • Mar 30Full year 2024 earnings released: US$0.12 loss per share (vs US$0.043 loss in FY 2023)Full year 2024 results: US$0.12 loss per share (further deteriorated from US$0.043 loss in FY 2023). Revenue: US$14.0m (down 38% from FY 2023). Net loss: US$38.5m (loss widened 177% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 28SMIT Holdings Limited, Annual General Meeting, May 30, 2025SMIT Holdings Limited, Annual General Meeting, May 30, 2025.
お知らせ • Mar 14SMIT Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025SMIT Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025
New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$253.4m market cap, or US$32.6m).
Board Change • Jan 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
分析記事 • Dec 03Some Confidence Is Lacking In SMIT Holdings Limited (HKG:2239) As Shares Slide 27%SMIT Holdings Limited ( HKG:2239 ) shares have retraced a considerable 27% in the last month, reversing a fair amount...
分析記事 • Sep 25SMIT Holdings Limited's (HKG:2239) 47% Price Boost Is Out Of Tune With RevenuesThose holding SMIT Holdings Limited ( HKG:2239 ) shares would be relieved that the share price has rebounded 47% in the...
New Risk • Aug 26New 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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$165.7m market cap, or US$21.3m).
Reported Earnings • Aug 06First half 2024 earnings released: US$0.046 loss per share (vs US$0.001 profit in 1H 2023)First half 2024 results: US$0.046 loss per share (down from US$0.001 profit in 1H 2023). Revenue: US$8.66m (down 23% from 1H 2023). Net loss: US$14.9m (down US$15.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 03SMIT Holdings Limited Appoints Ying Chen as Executive DirectorThe board of directors of SMIT Holdings Limited announced that Ms. Ying Chen has been appointed as an executive director of the Company with effect from 2 August 2024. Ms. Chen, aged 43, is the executive vice president of the Group. Ms. Chen is primarily responsible for corporate investment management and information disclosure. She has over 21 years of industry experience in integrated circuit. From July 2002 to September 2003, Ms. Chen worked as a research and development engineer at Shenzhen Guoxin Micro Co. Ltd. and served as assistant to the president and human resources manager from October 2003 to May 2005. Ms. Chen joined SMIT Group Limited, a wholly-owned subsidiary of the Company, in June 2005 where she began to serve as a director of the general office of from June 2005 to November 2008, secretary of the board from December 2008 to September 2010, vice president of SMIT Group from October 2010 to March 2018, and has been serving as executive vice president of the Group since April 2018. Ms. Chen graduated from Hefei University of Technology in July 2002 with a bachelor's degree in measurement and control technology and obtained a master's degree in business administration from Peking University in July 2024.
分析記事 • Jul 29SMIT Holdings Limited (HKG:2239) Shares May Have Slumped 27% But Getting In Cheap Is Still UnlikelyTo the annoyance of some shareholders, SMIT Holdings Limited ( HKG:2239 ) shares are down a considerable 27% in the...
お知らせ • Jun 01SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023SMIT Holdings Limited announced that at the AGM was held on 31 May 2024, the company declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023.
Upcoming Dividend • May 30Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 21 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (3.1%).
分析記事 • May 24SMIT Holdings Limited's (HKG:2239) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights SMIT Holdings will host its Annual General Meeting on 31st of May Total pay for CEO Xueliang Huang...
お知らせ • Apr 30Smit Holdings Limited Proposes final Dividend in Respect of the Year Ended 31 December 2023SMIT Holdings Limited proposed final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023 at its Annual General Meeting to be held on 31 May 2024.
Declared Dividend • Apr 27Dividend of HK$0.01 announcedShareholders will receive a dividend of HK$0.01. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.2%.
Board Change • Apr 26Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. 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 • Apr 26SMIT Holdings Limited, Annual General Meeting, May 31, 2024SMIT Holdings Limited, Annual General Meeting, May 31, 2024.
お知らせ • Apr 21SMIT Holdings Limited to Report Fiscal Year 2023 Results on Apr 24, 2024SMIT Holdings Limited announced that they will report fiscal year 2023 results on Apr 24, 2024
New Risk • Mar 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 High level of non-cash earnings (47% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (HK$448.4m market cap, or US$57.3m).
お知らせ • Mar 16SMIT Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024SMIT Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
New Risk • Sep 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% 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 (47% accrual ratio). Minor Risk Market cap is less than US$100m (HK$526.4m market cap, or US$67.2m).
Reported Earnings • Aug 20First half 2023 earnings released: EPS: US$0.001 (vs US$0.015 loss in 1H 2022)First half 2023 results: EPS: US$0.001 (up from US$0.015 loss in 1H 2022). Revenue: US$11.2m (down 29% from 1H 2022). Net income: US$407.1k (up US$5.08m from 1H 2022). Profit margin: 3.6% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05SMIT Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023SMIT Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023
お知らせ • May 30SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022SMIT Holdings Limited at the annual general meeting held on 29 May 2023, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2022.
Upcoming Dividend • May 24Upcoming dividend of HK$0.01 per share at 0.4% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 0.6% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.3%).
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: US$0.18 (vs US$0.031 in FY 2021)Full year 2022 results: EPS: US$0.18 (up from US$0.031 in FY 2021). Revenue: US$29.4m (down 19% from FY 2021). Net income: US$57.2m (up 481% from FY 2021). 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 6% per year, which means it is significantly lagging earnings.
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 Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$1.88, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 34% over the past three years.
分析記事 • Sep 10Health Check: How Prudently Does SMIT Holdings (HKG:2239) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$1.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 35% over the past three years.
お知らせ • Aug 20SMIT Holdings Limited Announces the Resignation of Shuai Hongyu as Executive Director, President and Chief Operating OfficerThe board of directors of SMIT Holdings Limited announced that the Company received a resignation letter from Mr. Shuai Hongyu ("Mr. Shuai") that Mr. Shuai would resign from its positions as Executive Director, President and Chief Operating Officer of the Company with effect from 19 August 2022 on his own accord due to work adjustments which allow him to devote more time to the daily business operations of the Group.
Reported Earnings • Aug 20First half 2022 earnings released: US$0.01 loss per share (vs US$0.006 loss in 1H 2021)First half 2022 results: US$0.01 loss per share (down from US$0.006 loss in 1H 2021). Revenue: US$15.8m (up 2.2% from 1H 2021). Net loss: US$4.67m (loss widened 154% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 5% 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 • Aug 13SMIT Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ending 30 June 2022SMIT Holdings Limited provided unaudited consolidated earnings guidance for the six months ending 30 June 2022. For the six months, Group expects to record a net loss of not more than USD 5,000,000 as compared to a net loss of approximately USD 1,850,000 that was recorded for the six months ended 30 June 2021.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$2.01, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 29% over the past three years.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 21% share price gain to HK$2.23, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 13% over the past three years.
お知らせ • May 28SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021SMIT Holdings Limited at the annual general meeting held on 27 May 2022, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2021.
Upcoming Dividend • May 24Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to HK$1.67, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 49% over the past three years.
分析記事 • May 05SMIT Holdings (HKG:2239) Is Making Moderate Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Apr 27Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020)Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
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. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Kar was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.84, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 32% over the past three years.
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020)Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
分析記事 • Sep 14Is SMIT Holdings (HKG:2239) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Recent Insider Transactions Derivative • Aug 27CFO, Executive VP & Executive Director exercised options and sold HK$400k worth of stockOn the 23rd of August, Man-tsun Loong exercised options to acquire 82k shares at no cost and sold these for an average price of HK$4.88 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.9m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 24First half 2021 earnings released: US$0.006 loss per share (vs US$0.02 loss in 1H 2020)The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: US$15.5m (down 15% from 1H 2020). Net loss: US$1.84m (loss narrowed 71% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions Derivative • Jul 20CFO, Executive VP & Executive Director exercised options and sold HK$436k worth of stockOn the 14th of July, Man-tsun Loong exercised options to acquire 104k shares at no cost and sold these for an average price of HK$4.19 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$4.1m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Jul 06CFO, Executive VP & Executive Director exercised options and sold HK$221k worth of stockOn the 30th of June, Man-tsun Loong exercised options to acquire 61k shares at no cost and sold these for an average price of HK$3.63 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$2.5m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • May 29+ 1 more updateSMIT Holdings Limited Approves Final Dividend for the Year Ended December 31, 2020SMIT Holdings Limited announced at the AGM held on May 28, 2021 that the company approved a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2020.
Upcoming Dividend • May 25Upcoming dividend of HK$0.01 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 18 June 2021. Trailing yield: 0.2%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.1%).
Recent Insider Transactions Derivative • May 07CFO, Executive VP & Executive Director exercised options and sold HK$302k worth of stockOn the 30th of April, Man-tsun Loong exercised options to acquire 71k shares at no cost and sold these for an average price of HK$4.25 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.5m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Apr 26Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 29Is SMIT Holdings (HKG:2239) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Mar 28Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Executive Departure • Mar 27Non-Executive Director has left the companyOn the 25th of March, Yang Liu's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yang's name. Yang is the only executive to leave the company over the last 12 months.
お知らせ • Mar 21SMIT Holdings Limited Provides Group Financial Guidance for the Year Ended 31 December 2020The board of directors of SMIT Holdings Limited announced that, according to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group expects to record a loss of not more than USD 4,000,000 as compared to a net profit of approximately USD 12,000,000 that was recorded for the year ended 31 December 2019. The loss for the year 2020 is mainly attributable to the absence of an one-off gain on deemed disposal of the equity interests in S2C Limited of approximately USD 22.78 million completed during the year ended 31 December 2019 and the Group's continuous investment and increased research and development expenditures relating to the development of the integrated circuit smart technology business, through the Group's subsidiaries and investee companies, which requires substantial capital investment.
お知らせ • Mar 13SMIT Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021SMIT Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$2.80, the stock is trading at a trailing P/E ratio of 16.8x, down from the previous P/E ratio of 20.3x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total return to shareholders over the past three years is a loss of 68%.
分析記事 • Feb 17SMIT Holdings' (HKG:2239) Shareholders Are Down 56% On Their SharesSMIT Holdings Limited ( HKG:2239 ) shareholders will doubtless be very grateful to see the share price up 35% in the...
Is New 90 Day High Low • Feb 03New 90-day high: HK$3.08The company is up 3.0% from its price of HK$3.00 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period.
分析記事 • Jan 13We're Not Counting On SMIT Holdings (HKG:2239) To Sustain Its Statutory ProfitabilityMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Jan 13New 90-day low: HK$2.66The company is down 21% from its price of HK$3.38 on 15 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.
Is New 90 Day High Low • Dec 28New 90-day low: HK$2.70The company is down 24% from its price of HK$3.55 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period.
分析記事 • Dec 09What Type Of Shareholders Make Up SMIT Holdings Limited's (HKG:2239) Share Registry?If you want to know who really controls SMIT Holdings Limited ( HKG:2239 ), then you'll have to look at the makeup of...
分析記事 • Nov 18SMIT Holdings'(HKG:2239) Share Price Is Down 25% Over The Past Three Years.For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...
Recent Insider Transactions Derivative • Nov 10CFO, Executive VP & Executive Director exercised options and sold HK$174k worth of stockOn the 5th of November, Man-tsun Loong exercised options to acquire 58.00k shares at no cost and sold these for an average price of HK$3.00 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.2m more than they bought, via options and on-market transactions in the last 12 months.
Is New 90 Day High Low • Oct 29New 90-day low: HK$3.36The company is down 12% from its price of HK$3.80 on 31 July 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 Electronic industry, which is down 9.0% over the same period.
お知らせ • Aug 08SMIT Holdings Limited to Report First Half, 2020 Results on Aug 20, 2020SMIT Holdings Limited announced that they will report first half, 2020 results on Aug 20, 2020