Board Change • Jun 05
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 Gary Cheung was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 02
Insider recently bought HK$892k worth of stock On the 24th of April, Jin Fang bought around 5m shares on-market at roughly HK$0.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Apr 29
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 26% 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risk Market cap is less than US$100m (HK$430.6m market cap, or US$54.9m). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.011 loss in FY 2024) Full year 2025 results: EPS: CN¥0.02 (up from CN¥0.011 loss in FY 2024). Revenue: CN¥5.23b (down 2.2% from FY 2024). Net income: CN¥21.5m (up CN¥33.5m 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 fallen by 43% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Veson Holdings Limited, Annual General Meeting, Jun 02, 2026 Veson Holdings Limited, Annual General Meeting, Jun 02, 2026. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (HK$210.4m market cap, or US$26.8m). Announcement • Mar 13
Veson Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Veson Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Nov 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 Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$222.4m market cap, or US$28.6m). Reported Earnings • Sep 02
First half 2025 earnings released: CN¥0.013 loss per share (vs CN¥0.005 profit in 1H 2024) First half 2025 results: CN¥0.013 loss per share (down from CN¥0.005 profit in 1H 2024). Revenue: CN¥2.38b (down 2.5% from 1H 2024). Net loss: CN¥14.5m (down 362% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Veson Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Veson Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 02
Full year 2024 earnings released: CN¥0.011 loss per share (vs CN¥0.018 profit in FY 2023) Full year 2024 results: CN¥0.011 loss per share (down from CN¥0.018 profit in FY 2023). Revenue: CN¥5.34b (down 13% from FY 2023). Net loss: CN¥12.0m (down 160% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 01
Veson Holdings Limited, Annual General Meeting, May 27, 2025 Veson Holdings Limited, Annual General Meeting, May 27, 2025, at 10:00 China Standard Time. Location: head office, scud industrial park, fuzhou pilot free trade zone, no. 98 jiangbin east avenue, mawei district, fujian province, fuzhou China New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 7.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 7.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (HK$219.1m market cap, or US$28.2m). New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$218.0m market cap, or US$28.1m). Announcement • Mar 14
Veson Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 31, 2025 Veson Holdings Limited announced that they will report fiscal year 2024 final results on Mar 31, 2025 New Risk • Feb 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 9.7% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$218.0m market cap, or US$28.0m). New Risk • Sep 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$244.2m market cap, or US$31.3m). Announcement • Aug 15
Veson Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Veson Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.022 in FY 2022) Full year 2023 results: EPS: CN¥0.018 (down from CN¥0.022 in FY 2022). Revenue: CN¥6.15b (down 3.4% from FY 2022). Net income: CN¥20.1m (down 16% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Veson Holdings Limited, Annual General Meeting, May 30, 2024 Veson Holdings Limited, Annual General Meeting, May 30, 2024, at 10:00 China Standard Time. Location: Head Office, Scud Industrial Park, Fuzhou Pilot Free Trade Zone No. 98 Jiangbin East Avenue, Mawei District, Fuzhou Fujian China New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (HK$252.9m market cap, or US$32.3m). Announcement • Mar 14
Veson Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Veson Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Oct 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 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 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$256.2m market cap, or US$32.8m). Announcement • Oct 10
Veson Holdings Limited Announces Appointment of Mr. Ni Chen Hui as an Executive Director and A Member of the Corporate Governance Committee Veson Holdings Limited announced that Mr. Ni Chen Hui has been appointed as an executive Director and a member of the corporate governance committee of the Board with effect from 9 October 2023. Mr. Ni joined the Group in June 2019. Prior to joining the Group, he had over 10 years' experience in the financial industry. Since joining the Group, Mr. Ni has participated in the Group's strategic planning and development, financing, industrial park construction, operation and risk management. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Director Jimmy Loke was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 06
First half 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.013 profit in 1H 2022) First half 2023 results: CN¥0.013 loss per share (down from CN¥0.013 profit in 1H 2022). Revenue: CN¥2.65b (down 16% from 1H 2022). Net loss: CN¥14.3m (down 201% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$262.7m market cap, or US$33.5m). Announcement • Aug 23
Veson Holdings Limited Provides Earnings Guidance for the Six Months Period Ended 30 June 2023 Veson Holdings Limited provided earnings guidance for the six months period ended 30 June 2023. For the period, Group is preliminarily expected to record consolidated net loss attributable to the owners of the Company of approximately RMB14,000,000 for the six months period ended 30 June 2023 as compared with the consolidated net profit attributable to the owners of the Company of approximately RMB 14,214,000 for the six months period ended 30 June 2022. Announcement • Aug 19
Veson Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Veson Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.01 in 1H 2021) First half 2022 results: EPS: CN¥0.013 (up from CN¥0.01 in 1H 2021). Revenue: CN¥3.15b (down 1.4% from 1H 2021). Net income: CN¥14.2m (up 37% from 1H 2021). Profit margin: 0.5% (up from 0.3% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 19
Veson Holdings Limited to Report Q2, 2022 Results on Aug 31, 2022 Veson Holdings Limited announced that they will report Q2, 2022 results on Aug 31, 2022 Announcement • May 28
Veson Holdings Limited Announces Retirement of Mr. Hou Li as A Non-Executive Director Veson Holdings Limited announced that Mr. Hou Li retired as a non-executive Director with effect from the conclusion of the AGM due to his intention to devote more time to his other personal commitments and pursuits. Board Change • Apr 27
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. 4 non-independent directors. Independent Non-Executive Director Gary Cheung was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.039 (vs CN¥0.048 loss in FY 2020) Full year 2021 results: EPS: CN¥0.039 (up from CN¥0.048 loss in FY 2020). Revenue: CN¥7.09b (up 14% from FY 2020). Net income: CN¥42.2m (up CN¥94.9m from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). 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 65 percentage points per year, which is a significant difference in performance. Announcement • Apr 01
Veson Holdings Limited, Annual General Meeting, May 27, 2022 Veson Holdings Limited, Annual General Meeting, May 27, 2022, at 14:30 China Standard Time. Location: Head Office, Scud Industrial Park, Fuzhou Pilot Free Trade Zone No. 98 Jiangbin East Avenue, Mawei District Fuzhou Fujian Province China Reported Earnings • Sep 05
First half 2021 earnings released: EPS CN¥0.01 (vs CN¥0.026 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¥3.19b (up 10% from 1H 2020). Net income: CN¥10.4m (up CN¥39.2m from 1H 2020). Profit margin: 0.3% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Reported Earnings • Apr 02
Full year 2020 earnings released: CN¥0.048 loss per share (vs CN¥0.048 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¥6.22b (down 16% from FY 2019). Net loss: CN¥52.7m (down 200% from profit in FY 2019). Announcement • Mar 20
Veson Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 Veson Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: HK$0.23 The company is down 6.0% from its price of HK$0.25 on 27 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: HK$0.26 The company is up 6.0% from its price of HK$0.24 on 25 September 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Announcement • Aug 22
SCUD Group Limited to Report First Half, 2020 Results on Aug 31, 2020 SCUD Group Limited announced that they will report first half, 2020 results on Aug 31, 2020 
