Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$3.45, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 26x in the Communications industry in Hong Kong. Total returns to shareholders of 808% over the past three years. New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$2.92, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 26x in the Communications industry in Hong Kong. Total returns to shareholders of 668% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to HK$1.89, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 25x in the Communications industry in Hong Kong. Total returns to shareholders of 397% over the past three years. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.059 (vs CN¥0.004 loss in FY 2024) Full year 2025 results: EPS: CN¥0.059 (up from CN¥0.004 loss in FY 2024). Revenue: CN¥2.64b (up 5.2% from FY 2024). Net income: CN¥105.2m (up CN¥113.1m from FY 2024). Profit margin: 4.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to HK$1.39, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 23x in the Communications industry in Hong Kong. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.03, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 24x in the Communications industry in Hong Kong. Total returns to shareholders of 148% over the past three years. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.059 (vs CN¥0.004 loss in FY 2024) Full year 2025 results: EPS: CN¥0.059 (up from CN¥0.004 loss in FY 2024). Revenue: CN¥2.64b (up 5.2% from FY 2024). Net income: CN¥105.2m (up CN¥113.1m from FY 2024). Profit margin: 4.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 27
Trigiant Group Limited, Annual General Meeting, May 21, 2026 Trigiant Group Limited, Annual General Meeting, May 21, 2026. New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% 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 (14% average weekly change). Earnings have declined by 14% per year over the past 5 years. Aankondiging • Mar 11
Trigiant Group Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Trigiant Group Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.014 (vs CN¥0.023 in 1H 2024) First half 2025 results: EPS: CN¥0.014 (down from CN¥0.023 in 1H 2024). Revenue: CN¥1.24b (up 6.6% from 1H 2024). Net income: CN¥25.0m (down 39% from 1H 2024). Profit margin: 2.0% (down from 3.5% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 12
Trigiant Group Limited to Report First Half, 2025 Results on Aug 27, 2025 Trigiant Group Limited announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.013 loss in FY 2023) Full year 2024 results: CN¥0.004 loss per share (improved from CN¥0.013 loss in FY 2023). Revenue: CN¥2.51b (flat on FY 2023). Net loss: CN¥7.91m (loss narrowed 65% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 27
Trigiant Group Limited, Annual General Meeting, May 15, 2025 Trigiant Group Limited, Annual General Meeting, May 15, 2025. Aankondiging • Mar 12
Trigiant Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Trigiant Group Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 27, 2025 Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.023 (vs CN¥0.019 in 1H 2023) First half 2024 results: EPS: CN¥0.023 (up from CN¥0.019 in 1H 2023). Revenue: CN¥1.16b (down 7.3% from 1H 2023). Net income: CN¥40.9m (up 19% from 1H 2023). Profit margin: 3.5% (up from 2.8% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 12
Trigiant Group Limited to Report First Half, 2024 Results on Aug 27, 2024 Trigiant Group Limited announced that they will report first half, 2024 results on Aug 27, 2024 Aankondiging • Mar 27
Trigiant Group Limited, Annual General Meeting, May 21, 2024 Trigiant Group Limited, Annual General Meeting, May 21, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.031 loss in FY 2022) Full year 2023 results: CN¥0.013 loss per share (improved from CN¥0.031 loss in FY 2022). Revenue: CN¥2.51b (down 4.7% from FY 2022). Net loss: CN¥22.5m (loss narrowed 60% from FY 2022). 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. Aankondiging • Mar 13
Trigiant Group Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Trigiant Group Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Aankondiging • Mar 01
Trigiant Group Limited Announces Management Changes The board of directors of Trigiant Group Limited announced that with effect from 1 March 2024, Ms. Hoi Sao Leng has been appointed as an independent non-executive Director, the alternate to Mr. Qian Lirong as an authorized representative of the Company for the purpose of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the chairman of the audit committee and a member of each of the nomination committee, the remuneration committee and the corporate governance committee of the Board. Ms. Hoi Sao Leng, aged 39, has extensive experience in accounting and corporate finance and has served in finance management positions in companies listed in Hong Kong for more than 13 years. She is currently a senior manager of Finance Department of Urban Renewal Authority since October 2023. From September 2006 to January 2010, Ms. Hoi worked in PricewaterhouseCoopers Ltd., where her last position was senior associate. From March 2010 to August 2015, Ms. Hoi was employed by Sino-Ocean Land (Hong Kong) Limited, a company whose shares are listed on the Main Board of the Stock Exchange, where her last position was senior finance manager. From August 2015 to April 2019, Ms. Hoi was employed by Country Garden Holdings Company Limited (stock code: 2007), a company whose shares are listed on the Main Board of the Stock Exchange, where her last position was director of the Corporate Finance Department. From April 2019 to March 2023, Ms. Hoi was employed by Midea Real Estate Holding Limited (stock code: 3990), a company whose shares are listed on the Main Board of the Stock Exchange, where her last position was deputy general manager of the Finance and Treasury Centre. Ms. Hoi obtained a degree of Bachelor of Business Administration in Accounting and Finance from The University of Hong Kong in December 2006. She obtained the professional qualification of certified public accountant of the Hong Kong Institute of Certified Public Accountants in January 2010. Aankondiging • Dec 28
Trigiant Group Limited Announces Resignation of Chan Fan Shing as Independent Non-Executive Director, Effective 1 January 2024 The board of directors of Trigiant Group Limited announced that Mr. Chan Fan Shing (``Mr. Chan'') has tendered his resignation as an independent non-executive Director, alternate to Mr. Qian Lirong as an authorised representative of the Company for the purpose of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (``Listing Rules''), chairman of the audit committee and a member of each of the nomination committee, the remuneration committee and the corporate governance committee of the Board due to his other business pursuits and commitments, with such resignation to take effect from 1 January 2024. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$627.0m (US$80.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$627.0m market cap, or US$80.1m). Reported Earnings • Aug 31
First half 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.028 in 1H 2022) First half 2023 results: EPS: CN¥0.019 (down from CN¥0.028 in 1H 2022). Revenue: CN¥1.25b (flat on 1H 2022). Net income: CN¥34.5m (down 31% from 1H 2022). Profit margin: 2.8% (down from 4.0% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Aug 18
Trigiant Group Limited Provides Unaudited Consolidated Financial Guidance for the Six Months Ended 30 June 2023 Trigiant Group Limited provided unaudited consolidated financial guidance for the six months ended 30 June 2023. The Company is expected to record a profit of no more than RMB 35.0 million for 2023 first half as compared to the unaudited profit of approximately RMB 49.7 million recorded for the six months ended 30 June 2022. Aankondiging • Aug 15
Trigiant Group Limited to Report First Half, 2023 Results on Aug 29, 2023 Trigiant Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.6% 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 33% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Mar 30
Full year 2022 earnings released: CN¥0.031 loss per share (vs CN¥0.12 profit in FY 2021) Full year 2022 results: CN¥0.031 loss per share (down from CN¥0.12 profit in FY 2021). Revenue: CN¥2.63b (down 8.1% from FY 2021). Net loss: CN¥56.4m (down 127% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Aankondiging • Feb 08
Trigiant Group Limited Announces Chen Gang Tendered Resignation as an Independent Non-Executive Director and A Member of Each of the Audit Committee, the Nomination Committee and the Corporate Governance Committee of the Board Trigiant Group Limited announces that Mr. Chen Gang has tendered his resignation as an independent non-executive Director and a member of each of the audit committee, the nomination committee and the corporategovernance committee of the Board due to his other business pursuits and commitments, with such resignation to take effect from 7 February 2023. Mr. Chen confirmed that he did not have any disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Chen with effect from 7 February 2023, the Company has two independent non-executive Directors and each of the audit committee, the nomination committee and the corporate governance committee of the Board comprises only two members. The Board is in the course of identifying appropriate person(s) for appointment as independent non-executive Director and a member of each of the audit committee, the nomination committee and the corporate governance committee of the Board pursuant to the Rules Governing the Listing of Securities on the Stock Exchange. Aankondiging • Jan 10
Trigiant Group Limited Announces Board Changes The board of directors of Trigiant Group Limited announced that with effect from 9 January 2023: Mr. Xia Bin (``Mr. Xia'') has resigned as a non-executive Director due to his other career commitments which require more of his dedication; and Mr. Zhang Dongjie (``Mr. Zhang'') has been appointed as a non-executive Director. Mr. Xia has confirmed that he does not have any disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (Stock Exchange). Mr. Zhang Dongjie (former name: Zhang Donghui), aged 49, is currently a deputy general manager of Shenzhen Eternal Asia Supply Chain Management Ltd. Mr. Zhang has extensive financial and management experience in corporations and enterprises and previously worked in various PRC companies and Hong Kong listed company. Prior to joining Eternal Asia in January 2020, from September 2013 to February 2020, Mr. Zhang was a director of Shenzhen Leaguer Co. Ltd. (formerly known as Shenzhen Beauty Star Co. Ltd.) Mr. Zhang obtained a professional qualification as senior accountant in the People's Republic of China in January 2005 and obtained a degree of master of economics from Xiamen University in June 2005. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Gang Chen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
First half 2022 earnings released: EPS: CN¥0.028 (vs CN¥0.03 in 1H 2021) First half 2022 results: EPS: CN¥0.028 (down from CN¥0.03 in 1H 2021). Revenue: CN¥1.24b (down 6.0% from 1H 2021). Net income: CN¥49.7m (down 6.1% from 1H 2021). Profit margin: 4.0% (in line with 1H 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 27
Trigiant Group Limited Announces Resignation of Ms. Qian Liqian as Alternate Director The board of directors of Trigiant Group Limited announced that, with effect from 26 August 2022, Ms. Qian Liqian (Ms. Qian) has resigned as an alternate Director to Mr. Qian Lirong due to her other business commitments in the Group which require more of her dedication. Aankondiging • Aug 12
Trigiant Group Limited to Report First Half, 2022 Results on Aug 26, 2022 Trigiant Group Limited announced that they will report first half, 2022 results on Aug 26, 2022 Board Change • Jun 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Executive Chairman & Group CEO Lirong Qian is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Gang Chen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: CN¥0.12 (vs CN¥0.078 loss in FY 2020) Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.078 loss in FY 2020). Revenue: CN¥2.86b (flat on FY 2020). Net income: CN¥207.5m (up CN¥346.8m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 29
Trigiant Group Limited, Annual General Meeting, May 23, 2022 Trigiant Group Limited, Annual General Meeting, May 23, 2022. Reported Earnings • Sep 03
First half 2021 earnings released: EPS CN¥0.03 (vs CN¥0.07 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥1.32b (up 14% from 1H 2020). Net income: CN¥52.9m (up CN¥178.5m from 1H 2020). Profit margin: 4.0% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 25
Full year 2020 earnings released: CN¥0.078 loss per share (vs CN¥0.20 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥2.87b (down 19% from FY 2019). Net loss: CN¥139.4m (down 139% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 11
Trigiant Group Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Trigiant Group Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Aankondiging • Feb 26
Trigiant Group Limited's Ordinary Shares to Be Deleted from Other OTC Trigiant Group Limited's HKD Ordinary Shares (Cayman Islands) will be deleted from other OTC effective from February 26, 2021 due to Inactive Security. Is New 90 Day High Low • Feb 10
New 90-day high: HK$0.91 The company is up 10.0% from its price of HK$0.83 on 12 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 33% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: HK$0.87 The company is up 9.0% from its price of HK$0.80 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: HK$0.77 The company is down 25% from its price of HK$1.02 on 30 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 Communications industry, which is up 20% over the same period. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total losses of CN¥187.0k, with earnings decreasing by CN¥412.6m from the prior year. Total revenue was CN¥2.60b over the last 12 months, down 33% from the prior year. Aankondiging • Aug 13
Trigiant Group Limited to Report First Half, 2020 Results on Aug 27, 2020 Trigiant Group Limited announced that they will report first half, 2020 results on Aug 27, 2020