New Risk • Jan 13
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). Market cap is less than US$10m (HK$62.2m market cap, or US$7.97m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jan 01
First half 2026 earnings released: EPS: HK$0.021 (vs HK$0.003 in 1H 2025) First half 2026 results: EPS: HK$0.021 (up from HK$0.003 in 1H 2025). Revenue: HK$1.24b (flat on 1H 2025). Net income: HK$12.8m (up HK$11.2m from 1H 2025). Profit margin: 1.0% (up from 0.1% in 1H 2025). 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
First half 2026 earnings released: EPS: HK$0.021 (vs HK$0.004 in 1H 2025) First half 2026 results: EPS: HK$0.021 (up from HK$0.004 in 1H 2025). Revenue: HK$1.24b (down 14% from 1H 2025). Net income: HK$12.8m (up 486% from 1H 2025). Profit margin: 1.0% (up from 0.2% in 1H 2025). 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 23% per year, which means it is significantly lagging earnings. Announcement • Nov 18
Green Economy Development Limited to Report First Half, 2026 Results on Nov 28, 2025 Green Economy Development Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Oct 24
Wong Law Fai completed the acquisition of Prosper Ace Investments Limited from Green Economy Development Limited (SEHK:1315). Wong Law Fai entered into the Sale and Purchase Agreement to acquire Prosper Ace Investments Limited from Green Economy Development Limited (SEHK:1315) for HKD 1 on June 19, 2025. A cash consideration of HKD 1 will be paid. In settlement of the Debt, Green Economy Development Limited shall instruct Wong Law Fai to pay Wan Chung Construction Co., Ltd, an indirectly wholly-owned subsidiary of Prosper Ace Investments Limited, in the amount of HKD 19.59 million, a sum which is owed by Wong Law Fai to Green Economy Development Limited. Hence, the indebtedness due from Green Economy Development Limited to the Prosper Ace Investments Limited will be reduced to HKD 33.15 million after the payment by Wong to Wan Chung. The transaction will be financed through internal resources of HKD 1. Upon Completion, Prosper Ace Investments will cease to be a wholly-owned subsidiary of Green Economy Development Limited. On September 16, 2025, Green Economy Development and Wong Law Fai have agreed to extend the Long Stop Date to October 31, 2025. On September 19, 2025, Green Economy Development Limited was announced that the extraordinary general meeting of shareholders will be held on October 10, 2025, to approve the transaction. On October 10, 2025, the shareholders of Green Economy Development Limited approved the transaction.
As of September 30, 2024, Prosper Ace Investments Limited reported total assets of HKD 412.3 million and total common equity of HKD 7.9 million.
The transaction is subject to approval by all necessary consents and approvals required to be obtained from relevant authorities and approval of offer by shareholders of Green Economy Development Limited.
Donvex Capital Limited acted as financial advisor to Green Economy Development Limited. Grand Moore Capital Limited acted as Independent Financial Adviser to the Independent Board Committee and the Shareholders of Green Economy Development Limited.
Wong Law Fai completed the acquisition of Prosper Ace Investments Limited from Green Economy Development Limited (SEHK:1315) on October 22, 2025. The Board is pleased to announce that all the conditions precedent to the Completion set out in the Sale and Purchase Agreement have been fulfilled. New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.9m (US$9.76m) 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (HK$75.9m market cap, or US$9.76m). Minor Risk Large one-off items impacting financial results. New Risk • Aug 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 18% 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 Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$147.4m market cap, or US$18.9m). Announcement • Aug 01
Green Economy Development Limited Auditor Raises 'Going Concern' Doubt Green Economy Development Limited filed its Annual on Jul 30, 2025 for the period ending Mar 31, 2025. In this report its auditor, RSM & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Jul 31
Full year 2025 earnings released: EPS: HK$0.025 (vs HK$0.049 in FY 2024) Full year 2025 results: EPS: HK$0.025 (down from HK$0.049 in FY 2024). Revenue: HK$2.83b (down 3.4% from FY 2024). Net income: HK$15.4m (down 15% from FY 2024). Profit margin: 0.5% (down from 0.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Green Economy Development Limited, Annual General Meeting, Sep 25, 2025 Green Economy Development Limited, Annual General Meeting, Sep 25, 2025, at 11:00 China Standard Time. Location: room 1001, 10/f, china huarong tower, 60 gloucester road, wan chai, Hong Kong New Risk • Jul 09
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 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Market cap is less than US$100m (HK$81.5m market cap, or US$10.4m). Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: HK$0.025 (vs HK$0.049 in FY 2024) Full year 2025 results: EPS: HK$0.025 (down from HK$0.049 in FY 2024). Revenue: HK$2.83b (down 3.4% from FY 2024). Net income: HK$15.4m (down 15% from FY 2024). Profit margin: 0.5% (down from 0.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Green Economy Development Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Green Economy Development Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • May 12
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 Market cap is less than US$10m (HK$62.8m market cap, or US$8.06m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Feb 21
Green Economy Development Limited Announces Chief Executive Officer Changes Green Economy Development Limited announced that Mr. Chau Chit has tendered his resignation as the Chief Executive Officer of the Company with effect from 20 February 2025 due to his other business engagements which require more of his attention and dedication. Mr. Chau Chit has confirmed to the Board that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. With effect from 20 February 2025, Mr. Tang Hongyang, an executive Director, has been appointed as the Authorised Representative and Chief Executive Officer of the Company. Mr. Tang, aged 63, obtained his undergraduate degree in metal corrosion and protection engineering at the Chemistry and Chemical Engineering Department from Hunan University in July 1982. Mr. Tang has more than 20 years' experience in banking, risk management and asset management. Mr. Tang worked as various senior positions at headquarter and different branches, including its Hong Kong branch, of China Minsheng Banking Corp. Ltd. from September 1997 to December 2021. Prior to joining the Company, he worked at WallStone Partners & Company Limited and was assigned to work at China Minsheng Banking Corp. Ltd., Hong Kong Branch as Special Assets Management Consultant from January 2022 to September 2023. Mr. Tang has been an executive Director of the Company since 10 November 2023. Announcement • Feb 20
Green Economy Development Limited Announces Board Changes Green Economy Development Limited announced Mr. Chau Chit has tendered his resignation as the chairman of the board and an executive director of the Company with effect from 20 February 2025 due to his other business engagements which require more of his attention and dedication. Mr. Chau Chit has confirmed to the Board that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Chau Ting Sen has been appointed as an executive Director with effect from 20 February 2025. Mr. Chau Ting Sen, aged 30, obtained his undergraduate degree in science from Syracuse University in May 2017, followed by a master's degree in global management from the University of Hong Kong in June 2024. Prior to joining the Company, Mr. Chau Ting Sen joined Starlight Culture Entertainment Group Limited (now known as Smart Digital Technology Group Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited) as a chief investment officer assistant from July 2017 to April 2023. Mr. Chau Ting Sen also holds office as a director of Star Media Digital Technology Group Limited since April 2023, where he is primarily responsible for conducting financial marketing research and finding potential investment opportunity, project financing and preparing investment strategy. Following his resignation, Mr. Chau Chit has ceased to be the chairman of the nomination committee and a member of each of the remuneration committee and risk management committee of the Company. The Board announces that, with effect from 20 February 2025: Mr. Chau Ting Sen has been appointed as a member of each of the nomination committee, remuneration committee and risk management committee of the Company; and Mr. Zhu Feng, an executive Director, has been re-designated as the chairman of the nomination committee. 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: 38% 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 Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Market cap is less than US$10m (HK$67.2m market cap, or US$8.62m). Announcement • Jan 14
Green Economy Development Limited Appoints Su Junjie as Executive Director The board of directors of Green Economy Development Limited announced that, with effect from 13 January 2025, Mr. Su Junjie has been appointed as an executive Director. The biographical details and other information of Mr. Su are set out below. Mr. Su, aged 38, completed his studies in business administration and graduated from the Shandong Trade Union Management Cadre College in July 2008. Mr. Su has accumulated more than 13 years' of work experience including in the business of iron ore trading. Prior to joining the Company, Mr. Su was employed by Qingdao Guangda International Mining Co. Ltd. from 2008 to 2021, where he was promoted to be the General Manager. Subsequently, Mr. Su founded Shandong Sinopeak Investment Holdings Co. Ltd. in January 2022 and has been its chairman since then. Board Change • Jan 03
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 Xiaoting Li 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 • Dec 01
First half 2025 earnings released: EPS: HK$0.004 (vs HK$0.027 loss in 1H 2024) First half 2025 results: EPS: HK$0.004 (up from HK$0.027 loss in 1H 2024). Revenue: HK$1.44b (down 5.2% from 1H 2024). Net income: HK$2.18m (up HK$14.3m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. 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 42% per year, which means it is performing significantly worse than earnings. Announcement • Nov 19
Green Economy Development Limited to Report First Half, 2025 Results on Nov 29, 2024 Green Economy Development Limited announced that they will report first half, 2025 results on Nov 29, 2024 Reported Earnings • Aug 04
Full year 2024 earnings released: EPS: HK$0.049 (vs HK$0.20 loss in FY 2023) Full year 2024 results: EPS: HK$0.049 (up from HK$0.20 loss in FY 2023). Revenue: HK$2.93b (up 19% from FY 2023). Net income: HK$18.2m (up HK$93.7m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Green Economy Development Limited, Annual General Meeting, Sep 27, 2024 Green Economy Development Limited, Annual General Meeting, Sep 27, 2024, at 11:00 China Standard Time. Location: room 1001, 10/f, china huarong tower, 60 gloucester road, wan chai, Hong Kong Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: HK$0.049 (vs HK$0.20 loss in FY 2023) Full year 2024 results: EPS: HK$0.049 (up from HK$0.20 loss in FY 2023). Revenue: HK$2.93b (up 19% from FY 2023). Net income: HK$18.2m (up HK$93.7m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Jun 19
Green Economy Development Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 Green Economy Development Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 Announcement • Jun 13
Green Economy Development Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended 31 March 2024 Green Economy Development Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 March 2024. For the year, the group expects to record net profit attributable to owners of the company of approximately HKD 19.1 million, compared to a consolidated net loss attributable to owners of the company of approximately HKD 85.3 million for the year ended 31 March 2023. The Board considered that such increase in profit was mainly attributable to the increase in gross profit of approximately HKD 73.4 million, the decrease in expenses (selling expenses, administrative expenses, finance costs, and income tax expenses) of approximately HKD 16.9 million, and the absence of loss from discontinued operation of approximately HKD 9.9 million. Recent Insider Transactions • Apr 20
Executive Director recently bought HK$17m worth of stock On the 16th of April, Feng Zhu bought around 105m shares on-market at roughly HK$0.16 per share. This transaction increased Feng's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$18m more in shares than they have sold in the last 12 months. New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 38% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (38% increase in shares outstanding). Market cap is less than US$100m (HK$87.1m market cap, or US$11.1m). Announcement • Feb 23
Green Economy Development Limited has filed a Follow-on Equity Offering in the amount of HKD 36.224995 million. Green Economy Development Limited has filed a Follow-on Equity Offering in the amount of HKD 36.224995 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 224,999,972
Price\Range: HKD 0.161
Transaction Features: Rights Offering Reported Earnings • Dec 01
First half 2024 earnings released: HK$0.027 loss per share (vs HK$0.18 loss in 1H 2023) First half 2024 results: HK$0.027 loss per share (improved from HK$0.18 loss in 1H 2023). Revenue: HK$1.52b (up 16% from 1H 2023). Net loss: HK$12.1m (loss narrowed 82% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Announcement • Nov 24
Green Economy Development Limited Provides Earnings Guidance for the Six Months Period Ended 30 September 2023 Green Economy Development Limited provided earnings guidance for the six months period ended 30 September 2023. For the period, the Group is expected to record an unaudited consolidated net loss attributable to owners of the Company of approximately HKD 12.1 million as compared to an unaudited consolidated net loss attributable to owners of the Company of approximately HKD 66.6 million for the six months period ended 30 September 2022. Announcement • Nov 21
Green Economy Development Limited to Report First Half, 2024 Results on Nov 30, 2023 Green Economy Development Limited announced that they will report first half, 2024 results on Nov 30, 2023 Announcement • Nov 12
Green Economy Development Limited Announces Board Changes The board of directors of Green Economy Development Limited announced that Dr. Zhu Dashu has tendered his resignation as an executive Director of the Company with effect from 10 November 2023 due to his other business engagements which require more of his attention and dedication. The Board would also like to announce that, with effect from 10 November 2023, Mr. Tang Hongyang has been appointed as an executive Director. Mr. Tang, aged 61, obtained his undergraduate degree in metal corrosion and protection engineering at the Chemistry and Chemical Engineering Department from Hunan University () in July 1982. Mr. Tang has more than 20 years' experience in banking, risk management and asset management. Mr. Tang worked as various senior positions at headquarter and different branches, including its Hong Kong branch, of China Minsheng Banking Corp. Ltd. from September 1997 to December 2021. Prior to joining the Company, he worked at WallStone Partners & Company Limited and was assigned to work at China Minsheng Banking Corp. Ltd., Hong Kong Branch as Special Assets Management Consultant from January 2022 to September 2023. Announcement • Oct 14
Green Economy Development Limited Announces Board Changes The board of directors of Green Economy Development Limited announced that Mr. Zhu Kai has tendered his resignation as an executive Director of the company with effect from 13 October 2023 due to his personal health reason. The Board announced that, with effect from 13 October 2023, Mr. Zhu Feng has been appointed as an executive Director, a member of the nomination committee, a member of the remuneration committee and a member of the risk management committee of the Company. Mr. Zhu Feng, aged 52, obtained his postgraduate degree in business administration from Central China Normal University in July 2004. Prior to joining the Company, he joined Jiangsu Suzhou Steel Group Company Limited working in different roles for over 10 years from 2003 to 2016 including serving as the chief executive. Mr. Zhu Feng was then appointed in 2017, and continues to serve as, the chairman and the chief executive of Baize Group Co., Ltd, which is involved in businesses across various sectors including hospital management, import and export of goods and construction project management. Mr. Zhu Feng has entered into a service agreement with the Company pursuant to which he agreed to act as an executive Director for a term of 3 years commencing from 13 October 2023 unless terminated by one months' written notice or in certain circumstances as in accordance with the terms of the service agreement. Announcement • Oct 11
ZHU Feng and Ensure Prestige Limited acquired 8.86% stake in Green Economy Development Limited (SEHK : 1315) from Million Creation Holdings Limited and Double Energy Limited. ZHU Feng and Ensure Prestige Limited acquired 8.86% stake in Green Economy Development Limited (SEHK : 1315) from Million Creation Holdings Limited and Double Energy Limited on October 10, 2023. ZHU Feng and Ensure Prestige have purchased 39,865,100 ordinary shares of Green Economy, representing approximately 8.86% of the issued share capital of Green Economy. As part of the transaction, Ensure Prestige acquired 17,500,000 Shares of Green Economy. Post acquisition, Million Creation, Double Energy, and ZHU Kai ceased to have any interest in Green Economy. Immediately upon completion, ZHU Feng became interested in 69,685,100 Shares (representing approximately 15.53% of the issued share capital of Green Economy) through himself and Ensure Prestige.ZHU Feng and Ensure Prestige Limited completed the acquisition of 8.86% stake in Green Economy Development Limited (SEHK : 1315) from Million Creation Holdings Limited and Double Energy Limited on October 10, 2023. Announcement • Sep 01
Green Economy Development Limited, Annual General Meeting, Sep 28, 2023 Green Economy Development Limited, Annual General Meeting, Sep 28, 2023, at 11:00 China Standard Time. Location: Room 1001, 10/F, China Huarong Tower, 60 Gloucester Road, Wan Chai Hong Kong Agenda: To receive, consider and adopt the audited financial statements of the Company and its subsidiaries for the year ended 31 March 2023 and the reports of the directors and auditor of the Company; to approve the re-election of directors; to authorize the board of directors of the Company to fix the remuneration of the directors of the Company; to re-appoint RSM Hong Kong as the auditor of the Company and authorize the board of directors of the Company to fix their remuneration; and to discuss other matters. Reported Earnings • Jul 31
Full year 2023 earnings released: HK$0.20 loss per share (vs HK$0.049 profit in FY 2022) Full year 2023 results: HK$0.20 loss per share (down from HK$0.049 profit in FY 2022). Revenue: HK$2.46b (down 38% from FY 2022). Net loss: HK$75.5m (down HK$92.9m from profit in FY 2022). Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.20 loss per share (vs HK$0.038 loss in FY 2022) Full year 2023 results: HK$0.20 loss per share (further deteriorated from HK$0.038 loss in FY 2022). Revenue: HK$2.46b (down 42% from FY 2022). Net loss: HK$75.5m (loss widened 456% from FY 2022). Announcement • Jun 20
Green Economy Development Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 Green Economy Development Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Corey Wong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 31
First half 2023 earnings released: HK$0.009 loss per share (vs HK$0.006 profit in 1H 2022) First half 2023 results: HK$0.009 loss per share (down from HK$0.006 profit in 1H 2022). Revenue: HK$1.31b (down 47% from 1H 2022). Net loss: HK$66.6m (down 265% from profit in 1H 2022). Reported Earnings • Dec 01
First half 2023 earnings released: HK$0.009 loss per share (vs HK$0.006 profit in 1H 2022) First half 2023 results: HK$0.009 loss per share (down from HK$0.006 profit in 1H 2022). Revenue: HK$1.31b (down 47% from 1H 2022). Net loss: HK$66.6m (down 265% from profit in 1H 2022). Announcement • Nov 18
Green Economy Development Limited to Report First Half, 2023 Results on Nov 30, 2022 Green Economy Development Limited announced that they will report first half, 2023 results on Nov 30, 2022 Announcement • Aug 16
Green Economy Development Limited, Annual General Meeting, Sep 30, 2022 Green Economy Development Limited, Annual General Meeting, Sep 30, 2022, at 11:00 China Standard Time. Location: at Room 2010, 20/F., No. 118 Connaught Road West, Hong Kong Hong Kong Agenda: To receive, consider and adopt the audited financial statements of the Company and its subsidiaries for the year ended 31 March 2022 and the reports of the directors and auditor of the Company; to re-elect Mr. Zhu Xiaodong as an executive director of the Company; to re-elect Mr. Wong Wai Kwan as an independent non-executive director of the Company; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company; and to consider other matters. Announcement • Jul 20
Green Economy Development Limited to Report Fiscal Year 2022 Results on Jul 29, 2022 Green Economy Development Limited announced that they will report fiscal year 2022 results on Jul 29, 2022 Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: HK$4.28b (down 18% from FY 2021). Net loss: HK$1.33m (down 119% from profit in FY 2021). Profit margin: 0% (down from 0.1% in FY 2021). The decrease in margin was driven by lower revenue. Announcement • Jun 29
Green Economy Development Limited Provides Loss Guidance for Year Ended 31 March 2022 Green Economy Development Limited provided loss guidance for year ended 31 March 2022. For the year the company expected to record an unaudited consolidated net loss attributable to owners of the Company of approximately HKD 2.1 million compared to an audited consolidated net profit attributable to owners of the Company of approximately HKD 7.2 million for the year ended 31 March 2021. The Board considers that such increase in loss/decrease in profit of approximately HKD 9.3 million was mainly attributable to the increase in finance cost of approximately HKD 21.6 million, which was partly offset by the decrease in selling expenses of approximately HKD 13.9 million. Announcement • Jun 21
Green Economy Development Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 Green Economy Development Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Announcement • Aug 05
Vision Fame International Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 30 million. Vision Fame International Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,499,999,994
Price\Range: HKD 0.02
Transaction Features: Rights Offering Reported Earnings • Jul 03
Full year 2021 earnings released: EPS HK$0.001 (vs HK$0.003 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$5.24b (down 16% from FY 2020). Net income: HK$7.22m (up HK$26.2m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Vision Fame International Holding Limited Announces Change of Addresses of Registered Office, Principal Share Registrar and Transfer Office in the Cayman Islands The board of directors of Vision Fame International Holding Limited announced that with effect from 16 December 2020, the address of the Company's registered office and the address of the Company's principal share registrar and transfer office in the Cayman Islands, Ocorian Trust (Cayman) Limited, have been changed to: Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman KY1-1108, Cayman Islands. Announcement • Jun 12
Vision Fame International Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021 Vision Fame International Holding Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a profit for the year ended 31 March 2021 as compared to a loss for the year ended 31 March 2020. The main reason of turning into profit is mainly attributable to the increase in other income, gains and losses of approximately HKD 25.9 million. Executive Departure • May 18
Independent Non-Executive Director has left the company On the 7th of May, Kai Tung Wong's tenure as Independent Non-Executive Director ended after 7.5 years in the role. We don't have any record of a personal shareholding under Kai Tung's name. A total of 2 executives have left over the last 12 months. Announcement • Mar 10
Vision Fame International Holding Limited Announces Resignation of Wan Chung as Director, Effective on 1 April 2021 Vision Fame International Holding Limited announced the resignation of Mr. So Kwok Lam, a director of Wan Chung, on 1 February 2021 whose resignation will become effective on 1 April 2021. Announcement • Feb 03
Vision Fame International Holding Limited Announces Executive Changes Vision Fame International Holding Limited announced the following: The board announced that Mr. Wong Kai Tung Simon has tendered his resignation as an independent non-executive director with effect from 18 July 2021 due to his other business engagements which require more of his attention and dedication. Following his resignation, Mr. Simon Wong will cease to be the chairman of the remuneration committee, and a member of each of the audit committee and nomination committee of the Company with effect from 18 July 2021. Mr. Simon Wong was appointed as an independent non-executive Director in 2013 and has served the Company for more than 7 years. The Board would like to express its sincere gratitude to Mr. Simon Wong for his valuable contributions to the Company during his tenure of office, and wish him all the best in the future. Announcement • Nov 20
Vision Fame International Holding Limited to Report First Half, 2021 Results on Nov 30, 2020 Vision Fame International Holding Limited announced that they will report first half, 2021 results on Nov 30, 2020 Reported Earnings • Oct 26
Full year earnings released - HK$0.0032 loss per share Over the last 12 months the company has reported total losses of HK$19.0m, with losses narrowing by 87% from the prior year. Total revenue was HK$6.25b over the last 12 months, up 404% from the prior year. Reported Earnings • Oct 10
Full year earnings released - HK$0.0032 loss per share Over the last 12 months the company has reported total losses of HK$19.0m, with losses narrowing by 87% from the prior year. Total revenue was HK$6.25b over the last 12 months, up 404% from the prior year. Announcement • Sep 18
Vision Fame International Holding Limited to Report Fiscal Year 2020 Results on Oct 09, 2020 Vision Fame International Holding Limited announced that they will report fiscal year 2020 results on Oct 09, 2020