Board Change • Jan 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 01
First half 2026 earnings released: HK$0.011 loss per share (vs HK$0.007 loss in 1H 2025) First half 2026 results: HK$0.011 loss per share (further deteriorated from HK$0.007 loss in 1H 2025). Revenue: HK$28.3m (up HK$27.6m from 1H 2025). Net loss: HK$5.51m (loss widened 69% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Nov 08
K. H. Group Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 K. H. Group Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 New Risk • Aug 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 15% 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 Negative equity (-HK$84m). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (HK$113.3m market cap, or US$14.5m). Board Change • Jul 29
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 24
K. H. Group Holdings Limited, Annual General Meeting, Sep 11, 2025 K. H. Group Holdings Limited, Annual General Meeting, Sep 11, 2025, at 10:00 China Standard Time. Location: 21/f, grand millennium plaza, 181 queens road central, Hong Kong Reported Earnings • Jun 29
Full year 2025 earnings released: HK$0.12 loss per share (vs HK$0.12 loss in FY 2024) Full year 2025 results: HK$0.12 loss per share. Revenue: HK$129.6m (down 26% from FY 2024). Net loss: HK$57.6m (loss widened 12% from FY 2024). Board Change • Jun 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yixing Liu 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 experienced directors. Announcement • Jun 10
K. H. Group Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 K. H. Group Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Board Change • May 20
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, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yixing Liu 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. Lack of experienced directors. Board Change • Apr 29
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, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yixing Liu 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. Lack of experienced directors. Board Change • Feb 14
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, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Zhidong Feng is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yixing Liu 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. Lack of experienced directors. Announcement • Jan 21
K. H. Group Holdings Limited Announces Resignation of Wang Bo as Independent Non-Executive Director and Member of Each of the Audit Committee, the Remuneration Committee and the Nomination Committee The board of directors of K. H. Group Holdings Limited announced that Mr. Wang Bo ("Mr. Wang") has resigned as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company with effect from 21 January 2025 due to his other work commitments. Mr. Wang 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 and the Stock Exchange. Reported Earnings • Nov 28
First half 2025 earnings released: HK$0.093 loss per share (vs HK$0.059 loss in 1H 2024) First half 2025 results: HK$0.093 loss per share (further deteriorated from HK$0.059 loss in 1H 2024). Revenue: HK$75.1m (flat on 1H 2024). Net loss: HK$44.8m (loss widened 91% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 31% per year. Announcement • Nov 05
K. H. Group Holdings Limited to Report First Half, 2025 Results on Nov 22, 2024 K. H. Group Holdings Limited announced that they will report first half, 2025 results on Nov 22, 2024 New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.8m (US$9.73m) 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 Negative equity (-HK$26m). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (HK$75.8m market cap, or US$9.73m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Jul 30
Full year 2024 earnings released: HK$0.12 loss per share (vs HK$0.18 loss in FY 2023) Full year 2024 results: HK$0.12 loss per share (improved from HK$0.18 loss in FY 2023). Revenue: HK$175.2m (down 29% from FY 2023). Net loss: HK$51.6m (loss narrowed 30% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
K. H. Group Holdings Limited, Annual General Meeting, Sep 19, 2024 K. H. Group Holdings Limited, Annual General Meeting, Sep 19, 2024, at 10:00 China Standard Time. Location: 21/f, grand millennium plaza, 181 queen`s road central, Hong Kong Reported Earnings • Jun 30
Full year 2024 earnings released: HK$0.12 loss per share (vs HK$0.18 loss in FY 2023) Full year 2024 results: HK$0.12 loss per share (improved from HK$0.18 loss in FY 2023). Revenue: HK$175.2m (down 29% from FY 2023). Net loss: HK$51.6m (loss narrowed 30% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Negative equity (-HK$22m). Earnings have declined by 32% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$184.8m market cap, or US$23.7m). Announcement • Jun 15
K. H. Group Holdings Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 K. H. Group Holdings Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 Buy Or Sell Opportunity • May 28
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to HK$0.41. The fair value is estimated to be HK$0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to HK$0.48. The fair value is estimated to be HK$0.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 19
K. H. Group Holdings Limited Announces Huang Yuan Resigns as the Chairman of the Board, an Executive Director and the Chairman of the Nomination Committee The board of directors of K. H. Group Holdings Limited announced that Dr. Huang Yuan has tendered his resignation as the chairman of the Board, an executive Director and the chairman of the nomination committee of the Company with effect from 18 April 2024 due to his inability to devote sufficient time to perform his duties as a result of his personal commitments. Dr. Huang confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Upon the resignation of Dr. Huang, the position of the chairman of the Board and NominationCommittee becomes vacant. The Company will identify a suitable candidate to fill the vacancy of such positions, and further announcement(s) in connection with the appointment of the new chairman of the Board and the Nomination Committee will be made by the Company as soon as practicable. Buy Or Sell Opportunity • Feb 29
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to HK$0.48. The fair value is estimated to be HK$0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-HK$22m). Negative equity (-HK$22m). Earnings have declined by 32% per year over the past 5 years. Earnings have declined by 32% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$403.2m market cap, or US$51.6m). Market cap is less than US$100m (HK$403.2m market cap, or US$51.6m). Buying Opportunity • Dec 04
Now 21% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be HK$0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -HK$22m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-HK$22m). Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$244.0m market cap, or US$31.2m). Announcement • Nov 14
K. H. Group Holdings Limited to Report First Half, 2024 Results on Nov 30, 2023 K. H. Group Holdings Limited announced that they will report first half, 2024 results on Nov 30, 2023 Announcement • Jul 23
K. H. Group Holdings Limited, Annual General Meeting, Sep 28, 2023 K. H. Group Holdings Limited, Annual General Meeting, Sep 28, 2023. New Risk • Jul 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$150.0m market cap, or US$19.1m). Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.18 loss per share (vs HK$0.046 loss in FY 2022) Full year 2023 results: HK$0.18 loss per share (further deteriorated from HK$0.046 loss in FY 2022). Revenue: HK$245.3m (down 67% from FY 2022). Net loss: HK$74.1m (loss widened 304% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Jun 13
K. H. Group Holdings Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 K. H. Group Holdings Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Tony Liu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 07
K. H. Group Holdings Limited Announces Resignation of Guan Jingdong as Executive Director, with Effect from 6 January 2023 The board (the ‘Board’) of directors (the ‘Directors’ and each, a ‘Director’) of K. H. Group Holdings Limited announced that Mr. Guan Jingdong (‘Mr. Guan’) has resigned as an Executive Director of the Company with effect from 6 January 2023 due to his other work commitments. Reported Earnings • Dec 02
First half 2023 earnings released: HK$0.12 loss per share (vs HK$0.012 loss in 1H 2022) First half 2023 results: HK$0.12 loss per share (further deteriorated from HK$0.012 loss in 1H 2022). Revenue: HK$137.3m (down 67% from 1H 2022). Net loss: HK$46.2m (loss widened HK$41.3m from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Nov 16
K. H. Group Holdings Limited to Report Q2, 2023 Results on Nov 30, 2022 K. H. Group Holdings Limited announced that they will report Q2, 2023 results on Nov 30, 2022 Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 41%. The fair value is estimated to be HK$0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 22
K. H. Group Holdings Limited Announces Board Changes The board of directors of the K. H. Group Holdings Limited announced that Professor Lu Haitian has resigned as an Independent Non- executive Director and a member of each of the Audit Committee and the Remuneration Committee and as the chairman of the Nomination Committee of the Company with effect from 21 October 2022 due to his other work commitments. The Board announced that Mr. Wang Bo ("Mr. Wang") has been appointed as an Independent Non-executive Director of the Company with effect from 21 October 2022. Mr. Wang, aged 46, has over 24 years of experience in the trust, financing, leasing and insurance industry. He obtained a Bachelor of International Accounting from the Sun Yat-Sen University in China in June 1998 and a Master's Degree in Business Administration from the China Europe International Business School in November 2018. From July 1998 to June 2015, Mr. Wang was employed by Guangdong Finance Investment (Holding) Corporation Limited with his last position as the deputy general manager in the Financial Planning Department. During the course of employment with Guangdong Finance Investment (Holding) Corporation Limited, Mr. Wang also served as the deputy general manager of Guangdong Finance Trust Company Limited, the director of Urtrust Insurance Co. Ltd. and Zhu Jiang Life Insurance Company Limited, and the supervisor in Guangdong Guanhao High-tech Co. Ltd., a company listed on the Shanghai Stock Exchange. Mr. Wang was the vice chairman and the general manager of Guangdong Baolihua New Energy Stock Co. Ltd., a company listed on the Shenzhen Stock Exchange from August 2015 to March 2018. He was a director and the general manager of Kelly Yifang Capital Management Co. Ltd. from March 2018 to September 2022. Since July 2021, Mr. Wang serves as the chairman of Guangdong Shugen Private Equity Investment Fund Management Co. Ltd. On 13 December 2017, he was appointed as the independent non-executive director of Transmit Entertainment Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited. The Board also announces that subsequent to the resignation of Professor Lu, Mr. Wang has been appointed as a member each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company with effect from 21 October 2022. Mr. Chen Rongsheng, the chairman and an Executive Director of the Company, has been appointed as the chairman of the Nomination Committee of the Company with effect from 21 October 2022. Buying Opportunity • Oct 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be HK$0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 04
K. H. Group Holdings Limited Announces Executive Changes The board of directors of K. H. Group Holdings Limited announced that Ms. Hui Wai Yue has tendered her resignation as the company secretary and an authorised representative under Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 3 October 2022, due to her personal and other business commitments. The Board further announced that Ms. Lo Wan Man has been appointed to replace Ms. Hui as the company secretary and authorised representative of the Company with effect from 3 October 2022. Ms. Lo, aged 47, has over 20 years of experience in the area of accounting, auditing and financial management for both listed and private companies in Hong Kong and the People's Republic of China by working in an international accounting firm and other listed companies. She obtained a master of science in finance from City University of Hong Kong in November 2006. She worked at Ernst & Young from March 2001 to December 2003. She was then employed by Emperor Motion Picture (Hong Kong) Limited as finance manager from May 2004 to July 2008. Subsequently, she worked at New World Telecommunications Limited as finance manager in July 2008 until her resignation in March 2010. She was a finance manager of Midland IC&I Limited from May 2011 to January 2014. Since May 2015 she has been employed by MCGI Consultancy Limited as a senior consultant. Since May 2019, she has been appointed as the independent non-executive Director of Risecomm Group Holdings Limited, a company listed on the main board of the Stock Exchange of Hong Kong Limited. Furthermore, Ms. Lo is currently the company secretary and authorised representative of Man Shun Group (Holdings) Limited. Ms. Lo is a certified public accountant of the Hong Kong Institute of Certified Public Accountants since January 2003. Buying Opportunity • Sep 28
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be HK$0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be HK$0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Zhidong Feng was the last director to join the board, commencing their role in 2022. Announcement • Jul 16
K. H. Group Holdings Limited, Annual General Meeting, Sep 30, 2022 K. H. Group Holdings Limited, Annual General Meeting, Sep 30, 2022, at 10:00 China Standard Time. Agenda: To receive and to consider and if thought fit, approve the audited consolidated financial statements and the reports of the Directors and the Auditors for the year ended 31 March 2022; to re-elect Executive Directors; to authorise the Board of Directors of the Company to fix the Directors remuneration; and to re-appoint McMillan Woods (Hong Kong) CPA Limited as the Auditors of the Company and to authorise the Board of Directors to fix remuneration. Reported Earnings • Jul 03
Full year 2022 earnings released: HK$0.046 loss per share (vs HK$0.003 profit in FY 2021) Full year 2022 results: HK$0.046 loss per share (down from HK$0.003 profit in FY 2021). Revenue: HK$751.8m (down 20% from FY 2021). Net loss: HK$18.3m (down HK$19.4m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Jun 28
K. H. Group Holdings Limited Provides Earning Guidance for the Year Ended 31 March 2022 K. H. Group Holdings Limited provided earning guidance for the year ended 31 March 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 (the "Year") and the information currently available to the Board, the Group is expected to record a net loss of not more than HKD 18.4 million for the Year as compared to a profit of approximately HKD 1.1 million for the year ended 31 March 2021 (the "Comparative Year"). The Board considers that the expected net loss for the Year is primarily attributable to the following reasons: a) Increase in construction costs during the completion stages of certain foundations projects during the Year; b) Unexpected increase in project costs due to the changes in on-site arrangements and works schedules of certain projects because of the outbreak of the COVID-19 during the Year; and c) The Group received a non-recurring government grant of approximately HKD 5,819,000 under the Employment Support Scheme launched by the Hong Kong Government during the Comparative Year but no such income has been received during the Year. Announcement • Jun 17
K. H. Group Holdings Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 K. H. Group Holdings Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Announcement • Jun 01
K. H. Group Holdings Limited Announces Board Changes The board of directors of K. H. Group Holdings Limited announced that Dr. Luo Tiejian ("Dr. Luo") has resigned as an Independent Non-executive Director and a member of each of the Audit Committee and the Remuneration Committee of the Company with effect from 1 June 2022 due to his other work commitments. The Board announced that Mr. Feng Zhidong has been appointed as an Independent Non-executive Director of the Company with effect from 1 June 2022. Mr. Feng, aged 48, obtained a Bachelor's Degree in International Accounting from the Renmin University of China () in the PRC in July 1995 and a Master's Degree in Business Administration from the South China University of Technology () in the PRC in February 2004. Mr. Feng has also completed a Mergers and Acquisitions Executive Program from the Business School of Sun Yat-sen University () in the PRC in March 2015 and a Global Entrepreneur Leadership Program from the PBC School of Finance at the Tsinghua University () in the PRC in July 2019. In addition, Mr. Feng has obtained a Certificate of Specialty and Technology (Intermediate Level) in Accounting in the PRC granted by the Ministry of Finance of the PRC in May 1999. Mr. Feng has more than 22 years of experience in financial management, capital operations and managing investor relations. Since June 2016, Mr. Feng is the chairman of the board and a director of Guangzhou Yueting Network Technology Co. Ltd. Moreover, since August 2018, he is the chairman of the board and a director of Guangzhou Yueting Capital Management Co. Ltd. Mr. Feng was a deputy general manager of the Capital Department of Yue Xiu Enterprises (Holdings) Limited from December 2009 to July 2016. He was also a general manager of the Investor Relations Department of a group company of Yuexiu Property Company Limited from April 2012 to April 2016. Mr. Feng was an independent non-executive director of OKG Technology Holdings Limited from August 2015 to November 2017. The Board also announced that subsequent to the resignation of Dr. Luo Tiejian and the appointment of Mr. Feng, Mr. Feng, has been appointed as a member each of the Audit Committee and the Remuneration Committee of the Company with effect from 1 June 2022. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Tony Liu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.012 loss per share (down from HK$0.004 profit in 1H 2021). Revenue: HK$412.7m (up 8.1% from 1H 2021). Net loss: HK$4.91m (down 393% from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Nov 27
K. H. Group Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 September 2021 K. H. Group Holdings Limited provided consolidated earnings guidance for the six months ended 30 September 2021. The group expects to record a loss of not more than HKD 5.0 million for the Period as compared to a profit of approximately HKD 1.7 million for the six months ended 30 September 2020 (the "Comparative Period"). Reported Earnings • Jul 02
Full year 2021 earnings released: EPS HK$0.003 (vs HK$0.003 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: HK$933.8m (up 149% from FY 2020). Net income: HK$1.07m (up 6.1% from FY 2020). Profit margin: 0.1% (down from 0.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day high: HK$0.58 The company is up 14% from its price of HK$0.51 on 20 November 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: HK$0.39 The company is down 52% from its price of HK$0.80 on 24 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 9.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: HK$0.44 The company is down 48% from its price of HK$0.85 on 09 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 9.0% over the same period. Reported Earnings • Nov 23
First half 2021 earnings released: EPS HK$0.004 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$381.7m (up 197% from 1H 2020). Net income: HK$1.68m (up HK$11.6m from 1H 2020). Profit margin: 0.4% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 17
New 90-day low: HK$0.47 The company is down 45% from its price of HK$0.85 on 19 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 1.0% over the same period. Announcement • Nov 11
K. H. Group Holdings Limited to Report First Half, 2021 Results on Nov 20, 2020 K. H. Group Holdings Limited announced that they will report first half, 2021 results on Nov 20, 2020 Is New 90 Day High Low • Oct 30
New 90-day low: HK$0.50 The company is down 47% from its price of HK$0.95 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: HK$0.62 The company is down 29% from its price of HK$0.87 on 14 July 2020. The Hong Kong market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: HK$0.80 The company is down 11% from its price of HK$0.90 on 19 June 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 6.0% over the same period. 
