New Risk • Jul 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$87.3m market cap, or US$11.1m). Aankondiging • May 14
V & V Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 32.70652 million. V & V Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 32.70652 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,681,155
Price\Range: HKD 0.45
Transaction Features: Rights Offering New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Market cap is less than US$10m (HK$69.0m market cap, or US$8.82m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: HK$0.024 (vs HK$0.031 loss in FY 2024) Full year 2025 results: EPS: HK$0.024 (up from HK$0.031 loss in FY 2024). Revenue: HK$922.6m (down 3.9% from FY 2024). Net income: HK$3.47m (up HK$6.66m from FY 2024). Profit margin: 0.4% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Apr 17
Less than half of directors are independent Following 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. 5 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: HK$0.024 (vs HK$0.031 loss in FY 2024) Full year 2025 results: EPS: HK$0.024 (up from HK$0.031 loss in FY 2024). Revenue: HK$922.6m (down 3.9% from FY 2024). Net income: HK$3.47m (up HK$6.66m from FY 2024). Profit margin: 0.4% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Aankondiging • Mar 21
V & V Technology Holdings Limited, Annual General Meeting, May 19, 2026 V & V Technology Holdings Limited, Annual General Meeting, May 19, 2026. Aankondiging • Mar 10
V & V Technology Holdings Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 V & V Technology Holdings Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Board Change • Mar 09
Less than half of directors are independent Following 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. 5 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 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 Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (HK$43.6m market cap, or US$5.61m). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Sep 08
First half 2025 earnings released: EPS: HK$0.008 (vs HK$0.008 in 1H 2024) First half 2025 results: EPS: HK$0.008 (in line with 1H 2024). Revenue: HK$418.0m (down 13% from 1H 2024). Net income: HK$1.10m (up 37% from 1H 2024). Profit margin: 0.3% (up from 0.2% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Board Change • Sep 01
Less than half of directors are independent Following 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. 5 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 12
V & V Technology Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 V & V Technology Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Board Change • Jun 27
Less than half of directors are independent There are 5 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: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 10
Less than half of directors are independent There are 5 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: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 07
Less than half of directors are independent There are 5 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: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Gary Lau was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 21
Full year 2024 earnings released: HK$0.003 loss per share (vs HK$0.005 profit in FY 2023) Full year 2024 results: HK$0.003 loss per share (down from HK$0.005 profit in FY 2023). Revenue: HK$960.5m (down 20% from FY 2023). Net loss: HK$3.19m (down 181% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.0m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Market cap is less than US$10m (HK$77.0m market cap, or US$9.91m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Aankondiging • Mar 14
V & V Technology Holdings Limited, Annual General Meeting, May 20, 2025 V & V Technology Holdings Limited, Annual General Meeting, May 20, 2025, at 10:30 China Standard Time. Aankondiging • Mar 10
V & V Technology Holdings Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 V & V Technology Holdings Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$84.3m market cap, or US$10.8m). Aankondiging • Jan 02
V & V Technology Holdings Limited Announces Board and Committee Changes and Changes in Composition of Board Committees The board of directors of V & V Technology Holdings Limited announced that, with effect from 31 December 2024, Mr. Lau Sun Tao, Gary (‘Mr. Lau’) has been appointed as independent non-executive Director of the Company and Mr. Tsoi Chi Ho, Peter (‘Mr. Tsoi’) has resigned as independent non-executive Director of the Company. Mr. Lau Sun Tao, Gary, aged 42, holds a bachelor degree in Business Administration from the University of Kent. He has over 17 years experience in the watch and clock industry. He received the Social Caring Youth Leadership Award from Social Enterprise Research Academy in 2017 and the Young Industrialist Awards of Hong Kong from Federation of Hong Kong Industries (‘FHKI’) in 2020. Mr. Lau is currently a deputy chairman, a general committee member and chairman's committee member of FHKI. He is also the chairman of the Executive Committee of Hong Kong Watch and Clock Council, the chairman of the Belt and Road Committee and a core member of Young Executive Council of FHKI. Mr. Lau is the chief honorary president of Hong Kong Watch Manufacturers Association, the chairman of Watches & Clocks Advisory Committee of the Hong Kong Trade Development Council, a member of Vocational Training Council Jewellery and Timepieces Training Board, a member of Programme Management Committee of BUD Fund, a member of Advisory Committee on Admission of Quality Migrants and Professionals, a member of Trade Single Window User Consultation Group, Commerce and Economic Development Bureau, an executive committee member of The Hong Kong Shippers' Council, a member of The Y. Elites Association, a member of Hong Kong Young Industrial Council (‘HKYIC’), a member of Hong Kong Watch and Clock Human Resources Development Committee, Lay Member of Barrister Disciplinary Tribunal Panel, a member of HKYIC Youth Chapter, a committee member of Watch and Clock Industry Working Committee for the Recognition of Prior Learning Mechanism and honorary president of Tsuen Wan District JPC. The Board further announced that Mr. Tsoi has resigned as independent non-executive Director of the Company with effect from 31 December 2024 as he wishes to devote more time for his personal commitments. Mr. Tsoi has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Changes in Composition of Board Committees: The Board announced the following change in the composition of the Board committees of the Company: Mr. Lau has been appointed as a member of the Audit Committee of the Board with effect from 31 December 2024. Mr. Tsoi has ceased to be a member of the Audit Committee of the Board with effect from 31 December 2024 due to his resignation from the position as independent non-executive Director. Aankondiging • Nov 30
V & V Technology Holdings Limited Announces Financial Controller Changes V & V Technology Holdings Limited announced that, with effect from 29 November 2024, Mr. Chan Ka Ho ("Mr. Chan"), the executive Director of the Company, has appointed as Financial Controller and authorised representative of the Company and Mr. Tong Sze Chung ("Mr. Tong") has resigned as Financial Controller and authorised representative of the Company. Mr. Chan Ka Ho, aged 42, joined the Company in July 2024 as executive Director of the Company. He holds a Master's degree in Corporate Governance from the Open University of Hong Kong since 2020 and is also a member of Hong Kong Institute of Certified Public Accountants since 2017. He has over 10 years of experience in accounting, tax, financial, treasury, internal control and risk assessment. Aankondiging • Nov 29
V & V Technology Holdings Limited Announces Board Changes V & V Technology Holdings Limited announced that, with effect from 29 November 2024, Mr. Chan Ka Ho ("Mr. Chan"), the executive Director of the Company, has appointed as company secretary and authorised representative of the Company and Mr. Tong Sze Chung ("Mr. Tong") has resigned as company secretary and authorised representative of the Company. Mr. Chan Ka Ho, aged 42, joined the Company in July 2024 as executive Director of the Company. He holds a Master's degree in Corporate Governance from the Open University of Hong Kong since 2020 and is also a member of Hong Kong Institute of Certified Public Accountants since 2017. He has over 10 years of experience in accounting, tax, financial, treasury, internal control and risk assessment. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$81.4m market cap, or US$10.5m). New Risk • Nov 18
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 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (HK$58.1m market cap, or US$7.47m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Oct 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$79.9m market cap, or US$10.3m). New Risk • Sep 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (HK$51.4m market cap, or US$6.59m). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Aug 22
First half 2024 earnings released: EPS: HK$0.001 (vs HK$0.015 in 1H 2023) First half 2024 results: EPS: HK$0.001 (down from HK$0.015 in 1H 2023). Revenue: HK$482.7m (down 26% from 1H 2023). Net income: HK$803.0k (down 92% from 1H 2023). Profit margin: 0.2% (down from 1.6% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 09
V & V Technology Holdings Limited to Report First Half, 2024 Results on Aug 21, 2024 V & V Technology Holdings Limited announced that they will report first half, 2024 results on Aug 21, 2024 New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (HK$57.2m market cap, or US$7.32m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Buy Or Sell Opportunity • Jul 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to HK$0.072. The fair value is estimated to be HK$0.092, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Jul 02
V & V Technology Holdings Limited Announces Director Changes The board of directors of V & V Technology Holdings Limited announced that, with effect from 1 July 2024, Mr. Chan Ka Ho has been appointed as executive Director of the Company, Ms. Yim Kei Man, Carmen has been appointed as non-executive Director of the Company and Mr. Tong Sze Chung has resigned as executive Director but remain as financial controller, company secretary and compliance officer of the Company. Mr. Chan Ka Ho, aged 41, holds a Master's degree in Corporate Governance from the Open University of Hong Kong. He is also a member of Hong Kong Institute of Certified Public Accountants since 2017. He has over 10 years of experience in accounting, tax, financial, treasury, internal control and risk assessment. He served SMartech Electronic Company Limited since 2007, a non-wholly-owned subsidiary of S.A.S. Dragon Holdings Limited (stock code: 1184) ("S.A.S. Dragon", together with its subsidiaries, the "S.A.S. Dragon Group"), a company listed on the Main Board of the Stock Exchange of Hong Kong Limited (the "Stock Exchange") and has been transferred to S.A.S. Lighting Company Limited since 2017, a wholly-owned subsidiary of S.A.S. Dragon. His last position was Deputy Chief Operating Officer in S.A.S. Dragon Group. Before joining the S.A.S. Dragon Group, he worked in the account department of UDL Employment Services Limited, a subsidiary of DTXS Silk Road Investment Holdings Company Limited (formerly known as UDL Holdings Limited) (stock code: 620), a company listed on the Main Board of the Stock Exchange) from 2004 to 2007 where he was primarily responsible for accounting and company secretary duties. Ms. Yim Kei Man, Carmen, aged 35, holds a Bachelor's degree in Sociology from the London School of Economics. She has over 9 years' experience in property investment industry. She has appointed as non-executive director of S.A.S. Dragon since 2022. She has been acting as vice-chairman of Yan Chai Hospital since April 2024. She is currently the manager of Yan Chai Hospital Yim Tsui Yuk Shan Kindergarten, Yan Chai Hospital Chan Iu Seng Primary School as well as Yan Chai Hospital Lan Chi Pat Memorial Secondary School. She is also the honorary career advisor of Hong Kong Baptist University and a member of Young Entrepreneur Committee of Hong Kong Baptist University Foundation. She is an observer of the Independent Police Complaints Council since November 2023. She is the daughter of Dr. Yim Yuk Lun, Stanley BBS JP, an executive Director of the Company and sibling of Mr. Yim Tsz Kit, Jacky, the Chairman and a non-executive Director of the Company and Mr. Yim Tsz Yu, Jeffrey, an executive Director of the Company. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: HK$0.005 (vs HK$0.10 loss in FY 2022) Full year 2023 results: EPS: HK$0.005 (up from HK$0.10 loss in FY 2022). Revenue: HK$1.20b (down 31% from FY 2022). Net income: HK$3.94m (up HK$72.5m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 46% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 19
Hi-Level Technology Holdings Limited, Annual General Meeting, May 22, 2024 Hi-Level Technology Holdings Limited, Annual General Meeting, May 22, 2024, at 10:30 China Standard Time. Location: 28/F., Noble Centre, No. 1006, 3rd Fuzhong Road, Futian District, Shenzhen Hong Kong Agenda: To receive, consider and adopt the audited financial statements and the reports of the directors and independent auditors for the year ended 31 December 2023; to re-elect, each as a separate resolution, the following persons as directors and to authorize the Board of Directors to fix the Directors' remuneration; to consider and approve the re-appointment of BDO Limited as the independent auditors and to authorize the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: HK$0.005 (vs HK$0.10 loss in FY 2022) Full year 2023 results: EPS: HK$0.005 (up from HK$0.10 loss in FY 2022). Revenue: HK$1.20b (down 31% from FY 2022). Net income: HK$3.94m (up HK$72.5m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 14
Hi-Level Technology Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Hi-Level Technology Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Aankondiging • Feb 01
Hi-Level Technology Holdings Limited Announces Executive Changes Hi-Level Technology Holdings Limited announced that Mr. Wei has resigned as executive Director of the Company with effect from 31 January 2024 and Mr. Jeffrey Yim has been appointed as executive Director of the Company with effect from 1 February 2024. Mr. Yim Tsz Yu, Jeffrey, aged 30, holds a Bachelor's degree from Cass Business School, City University of London in United Kingdom and a Master's degree in China Business Studies at Hong Kong Polytechnic University. He has over 5 years of experience in display and lighting product industry. Before joining the Company, he was the business development manager of S.A.S. Lighting Company Limited since 2019, a wholly-owned subsidiary of S.A.S. Dragon Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Jeffrey Yim is currently a member of Hong Kong CPPCC Youth Association, a member of Area Committee (Kwai Chung North East), a member of Hong Kong Electrical Appliance Industries Association, a member of Rehabilitation Committee on Community Support for Rehabilitated Offenders, a committee of Tsuen Wan Lightings Festival and a president of Kwai Tsing District JPC Honorary President Council. He is a son of Dr. Yim Yuk Lun, Stanley BBS JP, an executive Director and a controlling shareholder of the Company. His older brother, Mr. Yim Tsz Kit, Jacky is a Chairman and an non-executive Director of the Company. The Board further announces that Mr. Wei has resigned as executive Director with effect from 31 January 2024 as he wishes to devote more time for his personal commitments. Mr. Wei has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.5m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (HK$77.5m market cap, or US$9.92m). Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: HK$0.001 (vs HK$0.045 loss in 3Q 2022) Third quarter 2023 results: EPS: HK$0.001 (up from HK$0.045 loss in 3Q 2022). Revenue: HK$297.2m (down 8.6% from 3Q 2022). Net income: HK$1.02m (up HK$30.4m from 3Q 2022). Profit margin: 0.3% (up from net loss in 3Q 2022). The move to profitability 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 46 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 31
Hi-Level Technology Holdings Limited to Report Q3, 2023 Results on Nov 09, 2023 Hi-Level Technology Holdings Limited announced that they will report Q3, 2023 results on Nov 09, 2023 Aankondiging • Sep 06
Hi-Level Technology Holdings Limited Announces Chief Executive Officer Changes The board of directors of Hi-Level Technology Holdings Limited announced that with effect from September 4, 2023: Mr. Chang has resigned as the CEO as he wishes to devote more time for his personal commitments. Mr. Chang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders. Mr. Chan has been appointed as the CEO. The biographical details of Mr. Chan are set out as below: Mr. Chan, aged 42, graduated from The Hong Kong Polytechnic University in Hong Kong with a Bachelor's degree in Electronics and Information Engineering in 2004. Mr. Chan has over 17 years of experience in corporate management and business development in sales and marketing within electronics field. Before joining the Company, he was the Vice President of sales of S.A.S. Microelectronics Company Limited since 2015, a wholly-owned subsidiary of S.A.S. Dragon. Mr. Chan did not hold any directorships in listed public companies in the past three years and had no other major appointments and does not hold any other positions with the Company or other members of the Group. Mr. Chan has entered into a service agreement with the Company commencing from 4 September 2023 for an initial term of one year, during which either party may terminate the service agreement by giving the other not less than three months written notice. New Risk • Sep 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (HK$137.6m market cap, or US$17.5m). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: HK$0.009 (vs HK$0.012 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.009 (down from HK$0.012 in 2Q 2022). Revenue: HK$336.2m (down 38% from 2Q 2022). Net income: HK$5.94m (down 26% from 2Q 2022). Profit margin: 1.8% (up from 1.5% in 2Q 2022). 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 68 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 29
Hi-Level Technology Holdings Limited to Report First Half, 2023 Results on Aug 09, 2023 Hi-Level Technology Holdings Limited announced that they will report first half, 2023 results on Aug 09, 2023 New Risk • Jun 14
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 55% per year over the past 5 years. Minor Risks High level of debt (334% net debt to equity). Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (HK$120.8m market cap, or US$15.4m). Reported Earnings • May 06
First quarter 2023 earnings released: EPS: HK$0.006 (vs HK$0.008 in 1Q 2022) First quarter 2023 results: EPS: HK$0.006 (down from HK$0.008 in 1Q 2022). Revenue: HK$312.3m (down 34% from 1Q 2022). Net income: HK$4.18m (down 17% from 1Q 2022). Profit margin: 1.3% (up from 1.1% in 1Q 2022). 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 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 22
Full year 2022 earnings released: HK$0.10 loss per share (vs HK$0.072 loss in FY 2021) Full year 2022 results: HK$0.10 loss per share (further deteriorated from HK$0.072 loss in FY 2021). Revenue: HK$1.73b (down 39% from FY 2021). Net loss: HK$68.5m (loss widened 46% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Quadrant Shea was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: HK$0.045 loss per share (vs HK$0.005 profit in 3Q 2021) Third quarter 2022 results: HK$0.045 loss per share (down from HK$0.005 profit in 3Q 2021). Revenue: HK$325.2m (down 50% from 3Q 2021). Net loss: HK$29.4m (down HK$32.4m from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: HK$0.012 (vs HK$0.025 in 2Q 2021) Second quarter 2022 results: EPS: HK$0.012 (down from HK$0.025 in 2Q 2021). Revenue: HK$544.2m (down 35% from 2Q 2021). Net income: HK$8.05m (down 52% from 2Q 2021). Profit margin: 1.5% (down from 2.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 06
Hi-Level Technology Holdings Limited Does Not Recommend the Payment of Interim Dividend for the Six Months Ended 30 June 2022 The Board of Hi-Level Technology Holdings Limited does not recommend the payment of interim dividend for the six months ended 30 June 2022 (Six months ended 30 June 2021: HK 1 cent per share). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: HK$0.008 (vs HK$0.021 in 1Q 2021) First quarter 2022 results: EPS: HK$0.008 (down from HK$0.021 in 1Q 2021). Revenue: HK$472.8m (down 34% from 1Q 2021). Net income: HK$5.04m (down 63% from 1Q 2021). Profit margin: 1.1% (down from 1.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Quadrant Shea was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 23
Hi-Level Technology Holdings Limited Provides Earnings Guidance for the Three Months Ended 31 March 2022 Hi-Level Technology Holdings Limited provided earnings guidance for the three months ended 31 March 2022. For the period, the company is expected to record a consolidated profit attributable to owners of the Company of not less than HKD 4,000,000 for the three months ended 31 March 2022, as compared to the consolidated profit attributable to owners of the Company of HKD 13,503,000 recorded for the corresponding period in 2021. Aankondiging • Apr 16
Hi-Level Technology Holdings Limited, Annual General Meeting, May 20, 2022 Hi-Level Technology Holdings Limited, Annual General Meeting, May 20, 2022, at 10:30 China Standard Time. Location: 20/F., S.A.S. Tower, 55 Lei Muk Road, Kwai Chung, N.T. Hong Kong Agenda: To receive, consider and adopt the audited financial statements and the reports of the directors and independent auditors for the year ended 31 December 2021;to re-elect the Directors and to authorize the Board of Directors to fix the Directors' remuneration;to re-appoint auditors and to authorize the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • Apr 04
Full year 2021 earnings released: HK$0.072 loss per share (vs HK$0.049 profit in FY 2020) Full year 2021 results: HK$0.072 loss per share (down from HK$0.049 profit in FY 2020). Revenue: HK$2.85b (up 26% from FY 2020). Net loss: HK$47.0m (down 246% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be HK$0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% per annum over the last 3 years. Earnings per share has grown by 62% per annum over the last 3 years. Aankondiging • Jan 25
Hi-Level Technology Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Hi-Level Technology Holdings Limited provides earnings guidance for the year ended 31 December 2021. The Company is expected to record a loss attributable to owners of the Company of approximately HKD 45,000,000 to HKD 50,000,000 for the year ended 31 December 2021 as compared to the profit attributable to owners of the Company for the year ended 31 December 2020. Such loss is mainly attributable to the following reasons:- as a result of China's control measures on private tutoring and online gaming since the third quarter of 2021, certain customers delayed their panel procurements, in order to reduce the Company's inventory level, the Company recorded loss making shipments in the fourth quarter of 2021; and impairment losses of the Company's closing inventory as of 31 December 2021. Despite that the Company is expected to record a loss, the Board believes that the current financial position and cash flow of the Company are healthy. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS HK$0.005 (vs HK$0.015 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$654.8m (down 8.3% from 3Q 2020). Net income: HK$3.07m (down 70% from 3Q 2020). Profit margin: 0.5% (down from 1.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 03
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 10 September 2021. Payment date: 27 September 2021. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS HK$0.025 (vs HK$0.013 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$833.5m (up 59% from 2Q 2020). Net income: HK$16.6m (up 96% from 2Q 2020). Profit margin: 2.0% (up from 1.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 11
Chairman recently bought HK$340k worth of stock On the 8th of June, Yuk Lun Yim bought around 810k shares on-market at roughly HK$0.42 per share. In the last 3 months, they made an even bigger purchase worth HK$377k. Yuk Lun has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares. Aankondiging • May 19
Hi-Level Technology Holdings Limited Declares Final Dividend for the Year Ended 31 December 2020 Hi-Level Technology Holdings Limited declared a final dividend of 2.5 Hong Kong cents per share for the year ended 31 December 2020 in the annual general meeting held on 18 May 2021. Upcoming Dividend • May 14
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 04 June 2021. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (4.4%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS HK$0.021 (vs HK$0.007 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: HK$718.0m (up 76% from 1Q 2020). Net income: HK$13.5m (up 195% from 1Q 2020). Profit margin: 1.9% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Aankondiging • Apr 16
Hi-Level Technology Holdings Limited Provides Earnings Guidance for the Three Months Ending March 31, 2021 Hi-Level Technology Holdings Limited provided earnings guidance for the three months ending March 31, 2021. For the period, the company expects the consolidated profit attributable to owners of the Company for the three months period ended 31 March 2021 will be not
less than HKD 10,000,000 representing an increase of not less than 118% as compared
to the consolidated profit attributable to owners of the Company for the three months
period ended 31 March 2020. Such increase is mainly attributable to, as compared to
the same recorded during the three months period ended 31 March 2020, the
significant increase in the Group's revenue during the three months period ended 31
March 2021. Recent Insider Transactions • Apr 01
Chairman recently bought HK$377k worth of stock On the 30th of March, Yuk-Lun Yim bought around 920k shares on-market at roughly HK$0.41 per share. This was the largest purchase by an insider in the last 3 months. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.9m worth in shares. Aankondiging • Mar 20
Hi-Level Technology Holdings Limited Recommends Final Dividend, Payable on June 4, 2021 The Board of Hi-Level Technology Holdings Limited has recommended a final dividend of 2.5 Hong Kong cents per share (2019: final dividend of 1.0 Hong Kong cents per share) for the year ended December 31, 2020 subject to approval by the shareholders at the forthcoming annual general meeting. The Register of Members of the Company will be closed from 25 May 2021 to 27 May 2021, both days inclusive, during which period no transfer of shares will be effected. In order to qualify for the entitlement of the proposed final dividend. Dividend warrants will be dispatched on 4 June 2021. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS HK$0.049 (vs HK$0.022 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$2.25b (up 25% from FY 2019). Net income: HK$32.1m (up 119% from FY 2019). Profit margin: 1.4% (up from 0.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% 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 • Mar 09
Hi-Level Technology Holdings Limited to Report Fiscal Year 2020 Results on Mar 18, 2021 Hi-Level Technology Holdings Limited announced that they will report fiscal year 2020 results on Mar 18, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: HK$0.38 The company is up 36% from its price of HK$0.28 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 26% over the same period. Recent Insider Transactions • Jan 16
Chairman recently bought HK$144k worth of stock On the 13th of January, Yuk-Lun Yim bought around 400k shares on-market at roughly HK$0.36 per share. In the last 3 months, they made an even bigger purchase worth HK$321k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.5m worth in shares. Is New 90 Day High Low • Jan 13
New 90-day high: HK$0.37 The company is up 42% from its price of HK$0.26 on 15 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. Recent Insider Transactions • Jan 06
Chairman recently bought HK$81k worth of stock On the 31st of December, Yuk-Lun Yim bought around 230k shares on-market at roughly HK$0.35 per share. In the last 3 months, they made an even bigger purchase worth HK$321k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.4m worth in shares. Recent Insider Transactions • Dec 22
Chairman recently bought HK$64k worth of stock On the 18th of December, Yuk-Lun Yim bought around 200k shares on-market at roughly HK$0.32 per share. In the last 3 months, they made an even bigger purchase worth HK$321k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.3m worth in shares. Recent Insider Transactions • Dec 16
Chairman recently bought HK$64k worth of stock On the 11th of December, Yuk-Lun Yim bought around 200k shares on-market at roughly HK$0.32 per share. In the last 3 months, they made an even bigger purchase worth HK$642k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.2m worth in shares. Recent Insider Transactions • Dec 08
Chairman recently bought HK$133k worth of stock On the 3rd of December, Yuk-Lun Yim bought around 380k shares on-market at roughly HK$0.35 per share. In the last 3 months, they made an even bigger purchase worth HK$642k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$2.2m worth in shares. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS HK$0.015 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: HK$713.7m (up 40% from 3Q 2019). Net income: HK$10.1m (up 48% from 3Q 2019). Profit margin: 1.4% (up from 1.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Nov 11
Chairman recently bought HK$321k worth of stock On the 9th of November, Yuk-Lun Yim bought around 980k shares on-market at roughly HK$0.33 per share. In the last 3 months, they made an even bigger purchase worth HK$642k. Yuk-Lun has been a buyer over the last 12 months, purchasing a net total of HK$1.9m worth in shares. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS HK$0.016 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: HK$713.7m (up 40% from 3Q 2019). Net income: HK$10.1m (up 48% from 3Q 2019). Profit margin: 1.4% (up from 1.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day high: HK$0.33 The company is up 6.0% from its price of HK$0.31 on 07 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 6.0% over the same period. Aankondiging • Oct 28
Hi-Level Technology Holdings Limited to Report Q3, 2020 Results on Nov 06, 2020 Hi-Level Technology Holdings Limited announced that they will report Q3, 2020 results on Nov 06, 2020