New Risk • Jan 03
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 9.4% 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 Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (HK$106.6m market cap, or US$13.7m). New Risk • Dec 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$106.6m market cap, or US$13.7m). Announcement • Dec 13
China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 14.399748 million. China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 14.399748 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 143,997,475
Price\Range: HKD 0.1
Discount Per Security: HKD 0.001
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 25
First half 2026 earnings released: HK$0.011 loss per share (vs HK$0.003 loss in 1H 2025) First half 2026 results: HK$0.011 loss per share (further deteriorated from HK$0.003 loss in 1H 2025). Revenue: HK$12.2m (down 89% from 1H 2025). Net loss: HK$8.32m (loss widened 496% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Nov 25
China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 14.399748 million. China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 14.399748 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 143,997,475
Price\Range: HKD 0.1
Discount Per Security: HKD 0.001
Transaction Features: Subsequent Direct Listing Announcement • Nov 11
China New Consumption Group Limited to Report First Half, 2026 Results on Nov 21, 2025 China New Consumption Group Limited announced that they will report first half, 2026 results on Nov 21, 2025 Announcement • Jul 29
China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 10.560076 million. China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 10.560076 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 96,000,689
Price\Range: HKD 0.11
Discount Per Security: HKD 0.0011
Transaction Features: Subsequent Direct Listing Announcement • Jul 11
China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 10.560076 million. China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 10.560076 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 96,000,689
Price\Range: HKD 0.11
Discount Per Security: HKD 0.0011
Transaction Features: Subsequent Direct Listing New Risk • Jun 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$30m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$30m free cash flow). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$114.5m market cap, or US$14.6m). Reported Earnings • Jun 24
Full year 2025 earnings released: HK$0.054 loss per share (vs HK$0.022 profit in FY 2024) Full year 2025 results: HK$0.054 loss per share (down from HK$0.022 profit in FY 2024). Revenue: HK$158.5m (up 13% from FY 2024). Net loss: HK$31.2m (down 473% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jun 24
China New Consumption Group Limited, Annual General Meeting, Jul 25, 2025 China New Consumption Group Limited, Annual General Meeting, Jul 25, 2025. Announcement • Jun 11
China New Consumption Group Limited to Report Fiscal Year 2025 Results on Jun 23, 2025 China New Consumption Group Limited announced that they will report fiscal year 2025 results on Jun 23, 2025 New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks High level of non-cash earnings (41% accrual ratio). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (HK$120.2m market cap, or US$15.3m). New Risk • Jan 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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 High level of non-cash earnings (41% accrual ratio). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (HK$76.3m market cap, or US$9.81m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Nov 20
China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 24.000172 million. China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 24.000172 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,123,934
Price\Range: HKD 0.1
Discount Per Security: HKD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 179,877,788
Price\Range: HKD 0.1
Discount Per Security: HKD 0.01
Transaction Features: Rights Offering New Risk • Nov 13
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 Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$86.4m market cap, or US$11.1m). Announcement • Oct 30
China New Consumption Group Limited to Report Q2, 2025 Results on Nov 08, 2024 China New Consumption Group Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Sep 06
China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 24.000172 million. China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 24.000172 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 240,001,722
Price\Range: HKD 0.1
Discount Per Security: HKD 0.01
Transaction Features: Rights Offering New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Market cap is less than US$10m (HK$70.6m market cap, or US$9.04m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: HK$0.022 (vs HK$0.20 loss in FY 2023) Full year 2024 results: EPS: HK$0.022 (up from HK$0.20 loss in FY 2023). Revenue: HK$140.0m (up 3.6% from FY 2023). Net income: HK$8.35m (up HK$35.1m from FY 2023). Profit margin: 6.0% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Jun 25
China New Consumption Group Limited, Annual General Meeting, Jul 25, 2024 China New Consumption Group Limited, Annual General Meeting, Jul 25, 2024. Announcement • Jun 13
China New Consumption Group Limited to Report Fiscal Year 2024 Results on Jun 24, 2024 China New Consumption Group Limited announced that they will report fiscal year 2024 results on Jun 24, 2024 New Risk • May 27
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 Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Market cap is less than US$10m (HK$70.1m market cap, or US$8.97m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • May 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.3m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Market cap is less than US$10m (HK$77.3m market cap, or US$9.89m). New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.8m (US$9.69m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Market cap is less than US$10m (HK$75.8m market cap, or US$9.69m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Jan 26
China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 14.08 million. China New Consumption Group Limited has filed a Follow-on Equity Offering in the amount of HKD 14.08 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.176
Discount Per Security: HKD 0.00616
Transaction Features: Subsequent Direct Listing Board Change • Jan 08
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Dingding He is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
China New Consumption Group Limited Announces Executives and Committee Changes The Board of China New Consumption Group Limited announced that Mr. Tang Kwai Leung Stanley ("Mr. Tang") has resigned as the chairman of the Board (the "Chairman"), and an executive Director with effect from 29 December 2023. Mr. Tang tendered his resignation so as to allow him to devote more time for his personal and business commitments. The Board announced that Ms. Liu Ching Man ("Ms. Liu") has been re-designated from an independent non-executive Director to an executive Director (the "Redesignation") with effect from 29 December 2023. Following to her Redesignation, she also ceases to be the chairman of the remuneration committee (the "Remuneration Committee") and a member of each of the audit committee (the "Audit Committee") and nomination committee (the "Nomination Committee"). Ms. Liu, aged 34, graduated from the Upper Iowa University with a Bachelor of Psychology degree in 2016 and obtained a master of business administration degree at The Hong Kong Polytechnic University in 2022. She is well experienced in the investor relationship and public relationship industry. She has extensive experience in financial public relations. She participated and prepared many listing ceremonies, roadshows and fund-raisings. She is currently the business development manager of Hanvey Group Holdings Limited, the issued shares of which are listed on GEM of the Stock Exchange (stock code: 8219), responsible for achieving the company's development strategy and optimising business management by developing the company's strategic goals and brand positioning. From June 2021 to December 2023, Ms. Liu was appointed as an independent non-executive Director of the Company. The Board announced that Mr. Ng Kim Lung ("Mr. Ng") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee with effect from 29 December 2023. Mr. Ng, aged 50, has since accumulated over 32 years of experience in the construction and engineering industry. He is currently a senior management of companies engaged in the construction and engineering industry. Mr. Ng completed a Technically Competent Person T1 Training Course through the Construction Industry Council Training Academy and was awarded the certificate in January 2010. The Board announced that Ms. Cheng Shing Yan ("Ms. Cheng") has been appointed as a joint company secretary of the Company with effect from 29 December 2023. After the aforesaid appointment, the existing company secretary of the Company. Mr. Lee Man Tai, will continue to act as the other joint company secretary. Ms. Cheng, aged 48, has accumulated about 24 years of experience in auditing, accounting and financial management. She held different positions at various auditing or CPA firms from 2004 to 2016. Ms. Cheng joined the group of Sanroc International Holdings Limited (now known as Zhaobangji Lifestyle Holdings Limited) ("Sanroc"), a company listed on the Main Board (stock code: 1660), and served as the chief financial officer from April 2016 to April 2018. Since April 2018, she has been engaged in the financial function of companies operating within the construction industry. From April 2016 to April 2018 and from April 2017 to April 2018, she was the company secretary and an executive director of Sanroc, respectively. Since October 2017, she has been an independent non-executive director of Putian Communication Group Limited, a company listed on the Main Board. Since February 2021, she has been an independent non-executive director of Kwong Luen Engineering Holdings Limited, a company listed on the Main Board. Since April 2023, she has been an independent non-executive director of Easy Smart Group Holdings Limited, a company listed on the Main Board. Ms. Cheng obtained a degree of Master of Arts in International Accounting from the City University of Hong Kong in November 2003. She was admitted as a certified public accountant of the Hong Kong Institute of Certified Public Accountants in July 2003, a fellow of The Association of Chartered Certified Accountants in December 2005, an associate of The Chartered Governance Institute in June 2017 and an associate of The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) in June 2017. The Board announces that with effect from 29 December 2023, Mr. Tang ceases to be the authorised representative of the Company (the "Authorised Representative") under Rule 5.24 of the GEM Listing Rules. Ms. Liu has been appointed as the Authorised Representative with effect from 29 December 2023. Ms. Liu ceased to be the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee. Mr. Ng has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee. New Risk • Dec 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.0m (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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (196% increase in shares outstanding). Market cap is less than US$10m (HK$76.0m market cap, or US$9.73m). Minor Risk Significant insider selling over the past 3 months (HK$8.7m sold). Reported Earnings • Nov 11
Second quarter 2024 earnings released: HK$0.014 loss per share (vs HK$0.09 loss in 2Q 2023) Second quarter 2024 results: HK$0.014 loss per share (improved from HK$0.09 loss in 2Q 2023). Revenue: HK$31.3m (down 3.3% from 2Q 2023). Net loss: HK$2.95m (loss narrowed 76% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Nov 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$8.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$38m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (374% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$8.7m sold). Market cap is less than US$100m (HK$102.4m market cap, or US$13.1m). Announcement • Oct 31
China New Consumption Group Limited to Report Q2, 2024 Results on Nov 09, 2023 China New Consumption Group Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: HK$0.01 (vs HK$0.14 loss in 1Q 2023) First quarter 2024 results: EPS: HK$0.01 (up from HK$0.14 loss in 1Q 2023). Revenue: HK$28.3m (up 10% from 1Q 2023). Net income: HK$1.64m (up HK$16.4m from 1Q 2023). Profit margin: 5.8% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 374% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$38m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (374% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$268.8m market cap, or US$34.4m). New Risk • Aug 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$66.4m (US$8.51m) 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 Less than 1 year of cash runway based on free cash flow trend (-HK$38m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (HK$66.4m market cap, or US$8.51m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Jul 27
China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 29.797347 million. China New Consumption Group Limited has completed a Follow-on Equity Offering in the amount of HKD 29.797347 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 202,703,043
Price\Range: HKD 0.147
Transaction Features: Rights Offering Announcement • Jul 26
China New Consumption Group Limited to Report Q1, 2024 Results on Aug 08, 2023 China New Consumption Group Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • Jun 28
China New Consumption Group Limited, Annual General Meeting, Aug 25, 2023 China New Consumption Group Limited, Annual General Meeting, Aug 25, 2023. Reported Earnings • Jun 28
Full year 2023 earnings released: HK$0.20 loss per share (vs HK$0.69 loss in FY 2022) Full year 2023 results: HK$0.20 loss per share (improved from HK$0.69 loss in FY 2022). Revenue: HK$135.1m (down 7.9% from FY 2022). Net loss: HK$26.8m (loss narrowed 29% from FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 14
State Innovation Holdings Limited to Report Fiscal Year 2023 Results on Jun 26, 2023 State Innovation Holdings Limited announced that they will report fiscal year 2023 results on Jun 26, 2023 Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: HK$0.045 (vs HK$0.099 loss in 3Q 2022) Third quarter 2023 results: EPS: HK$0.045 (up from HK$0.099 loss in 3Q 2022). Revenue: HK$28.3m (down 23% from 3Q 2022). Net income: HK$6.44m (up HK$11.8m from 3Q 2022). Profit margin: 23% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Jan 27
State Innovation Holdings Limited to Report Q3, 2023 Results on Feb 07, 2023 State Innovation Holdings Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Announcement • Jan 13
State Innovation Holdings Limited Announces Resignation of Mr. Chui Koon Yau as Executive Director The board of directors of State Innovation Holdings Limited announced that Mr. Chui Koon Yau (Mr. Chui) has resigned as an executive Director with effect from 12 January 2023 due to his intention to devote more time for his other business engagements. Announcement • Dec 03
State Innovation Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.750372 million. State Innovation Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.750372 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 25,001,378
Price\Range: HKD 0.27
Discount Per Security: HKD 0.00945
Transaction Features: Subsequent Direct Listing Announcement • Nov 03
State Innovation Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended September 30, 2022 State Innovation Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2022. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2022, the Group is expected to record a net loss ranging from approximately HKD 21.2 million to approximately HKD 28.2 million for the six months ended 30 September 2022 as compared with a net loss of HKD 10.8 million for the corresponding period in 2022. The Board considers that the increase in net loss was primarily attributable to (i) the decrease in revenue due to lower value of contracts awarded to the Group; (ii) the decrease in gross profit due to cost overrun in the Group's bored pilling projects, mainly the project located in Hung Hom which experienced delay in work progress; and (iii) the increase in administrative expenses due to the increase in legal and professional fee for the Company's rights issue in 2022. Announcement • Oct 30
State Innovation Holdings Limited to Report First Half, 2023 Results on Nov 09, 2022 State Innovation Holdings Limited announced that they will report first half, 2023 results on Nov 09, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: HK$0.14 loss per share (vs HK$0.006 profit in 1Q 2022) First quarter 2023 results: HK$0.14 loss per share (down from HK$0.006 profit in 1Q 2022). Revenue: HK$25.6m (down 5.6% from 1Q 2022). Net loss: HK$14.8m (down HK$15.0m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Aug 02
State Innovation Holdings Limited Provides Earnings Guidance for the Quarter Ended June 30, 2022 State Innovation Holdings Limited provided earnings guidance for the quarter ended June 30, 2022. For the quarter, the company expected to record a net loss ranging from approximately HKD 13.2 million to approximately HKD 18.6 million as compared with a net profit of HKD 0.2 million for the corresponding period in 2021. The Board considers that the increase in net loss was primarily attributable to the decrease in gross profit due to cost overrun in the Group's bored pilling projects, mainly the project located in Hung Hom which experienced delay in work progress; and the increase in administrative expenses due to the increase in legal and professional fee for the Company's rights issue in 2022 and increase in marketing expenses for business development. Announcement • Jul 23
State Innovation Holdings Limited to Report Q1, 2023 Results on Aug 09, 2022 State Innovation Holdings Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • Jun 25
Full year 2022 earnings released: HK$0.69 loss per share (vs HK$1.01 loss in FY 2021) Full year 2022 results: HK$0.69 loss per share. Revenue: HK$146.7m (up 3.5% from FY 2021). Net loss: HK$37.8m (loss widened 157% from FY 2021). Announcement • Jun 21
Beaver Group (Holding) Company Limited, Annual General Meeting, Aug 26, 2022 Beaver Group (Holding) Company Limited, Annual General Meeting, Aug 26, 2022. Agenda: To consider amendments, and the adoption of the New Memorandum and Articles. Recent Insider Transactions • Jun 11
Insider recently sold HK$936k worth of stock On the 7th of June, Fei Wong sold around 2m shares on-market at roughly HK$0.60 per share. In the last 3 months, there was an even bigger sale from another insider worth HK$5.1m. Insiders have been net sellers, collectively disposing of HK$626k more than they bought in the last 12 months. Announcement • Jun 04
Beaver Group (Holding) Company Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2022 The board of directors of Beaver Group (Holding) Company Limited that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022, the group is expected to record a net loss ranging from approximately HKD 34 million to approximately HKD 40 million for the year ended 31 March 2022 as compared with a net loss of HKD 14.7 million for the year ended 31 March 2021. The Board considers that the increase in net loss was primarily attributable to (i) the decrease in gross profit due to cost overrun in the Group's bored pilling projects, mainly the project located in Hung Hom which experienced delay in work progress; (ii) the provision for impairment of trade and retention receivables; and (iii) the decrease in other income as a result of absence of subsidies of the employment support scheme under the anti-epidemic fund, set up by the government of Hong Kong. Announcement • Jun 03
Beaver Group (Holding) Company Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2022 Beaver Group (Holding) Company Limited announced that they will report fiscal year 2022 final results on Jun 23, 2022 Announcement • May 26
Beaver Group (Holding) Company Limited (SEHK:8275) entered into an agreement to acquire Tiger Faith Holdings Limited for HKD 20 million. Beaver Group (Holding) Company Limited (SEHK:8275) entered into an agreement to acquire Tiger Faith Holdings Limited for HKD 20 million on May 23, 2022. The consideration of HKD 10 millions shall be satisfied by cash and HKD 10 millions of the consideration shall be settled by the issue of the Convertible Bond (I). Refundable deposit of HKD 1 million shall be paid to the Vendor II within 14 days upon signing of the acquisition agreement, HKD 7 million shall be paid to Vendor II within 14 days after the completion, HKD 2 million shall be paid to Vendor I within 14 days after the Completion and HKD 10 million shall be settled by the issue of the Convertible Bond (I) upon the
completion. Financial results of the Tiger Faith Holdings Limited will be consolidated into the financial statements of Beaver Group (Holding) Company. For year ended March 31, 2022, Tiger Faith Holdings Limited reported revenue of HKD 2.1 million and loss after taxation of HKD 2.9 million. The transaction is subject to approval of shareholders of Beaver Group (Holding) Company, due diligence, regulatory approvals from the Securities and Futures Commission of Hong Kong and all other approvals, consents and acts required for the Purchaser entering into or executing the transactions under the Acquisition Agreement being obtained and completed including but not limited to the listing of and permission to deal in the Conversion Shares having been granted by the Stock Exchange. Completion shall take place on a date agreed by the Purchaser and the Vendors after the date of fulfilment of the Conditions Precedent. If the Conditions Precedent are not fulfilled on or before March 31, 2023 (or other date as the parties may agree), the acquisition agreement shall lapse. Announcement • May 25
Beaver Group (Holding) Company Limited announced that it expects to receive HKD 30 million in funding Beaver Group (Holding) Company Limited announced that it has entered into placing agreement for the private placement to procure not less than six placees on a best effort basis to subscribe for the convertible bond of an aggregate principal amount of up to HKD 30,000,000 at the initial conversion price of HKD 0.8 on May 23, 2022. In the event that both conversion rights (I) and conversion rights (II) having been exercised in full at the initial conversion price of HKD 0.8 per conversion share, a maximum of 50,000,000 shares will be allotted and issued by the company, representing (i) approximately 37.04% of the issued share capital of the company. Recent Insider Transactions • May 13
Insider recently bought HK$5.4m worth of stock On the 10th of May, Pik Yeung Tai bought around 10m shares on-market at roughly HK$0.57 per share. 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. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: HK$0.02 loss per share (down from HK$0.005 loss in 3Q 2021). Revenue: HK$36.9m (up 11% from 3Q 2021). Net loss: HK$5.35m (loss widened HK$4.97m from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Announcement • Jan 25
Beaver Group (Holding) Company Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Beaver Group (Holding) Company Limited provided earnings guidance for the year ended 31 December 2021. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021, the Group is expected to record a net loss ranging from approximately HKD 16 million to approximately HKD 19 million for the nine months ended 31 December 2021 as compared with a net loss of HKD 2.79 million for the corresponding period in 2020. The Board considers that the increase in net loss was primarily attributable to (i) the decrease in gross profit due to cost overrun incurred in construction projects, mainly the project located in Hung Hom resulting from delay in work progress; (ii) the provision for impairment of trade and retention receivables; and (iii) the decrease in other income as a result of absence of subsidies of the Employment Support Scheme under the Anti-epidemic Fund, set up by the Hong Kong Government. Reported Earnings • Nov 10
Second quarter 2022 earnings released: HK$0.048 loss per share (vs HK$0.046 loss in 2Q 2021) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: HK$45.0m (up 82% from 2Q 2021). Net loss: HK$10.9m (loss widened 299% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Sep 23
Beaver Group (Holding) Company Limited has completed a Follow-on Equity Offering in the amount of HKD 7.875 million. Beaver Group (Holding) Company Limited has completed a Follow-on Equity Offering in the amount of HKD 7.875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,000,000
Price\Range: HKD 0.175
Discount Per Security: HKD 0.007875
Transaction Features: Subsequent Direct Listing Executive Departure • Aug 09
Company Secretary Sau Ping Yim has left the company On the 5th of August, Sau Ping Yim's tenure as Company Secretary ended after 3.4 years in the role. We don't have any record of a personal shareholding under Sau Ping's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS HK$0.001 (vs HK$0.006 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: HK$27.1m (down 17% from 1Q 2021). Net income: HK$226.0k (down 32% from 1Q 2021). Profit margin: 0.8% (down from 1.0% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 26
Full year 2021 earnings released: HK$0.20 loss per share (vs HK$0.21 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: HK$141.8m (up 63% from FY 2020). Net loss: HK$14.7m (loss widened 17% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Executive Departure • Jun 10
Independent Non-Executive Director Chung Chuen Cheung has left the company On the 1st of June, Chung Chuen Cheung's tenure as Independent Non-Executive Director ended after 3.9 years in the role. We don't have any record of a personal shareholding under Chung Chuen's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jun 10
Independent Non Executive Director Ching Ning Law has left the company On the 1st of June, Ching Ning Law's tenure as Independent Non Executive Director ended after 3.9 years in the role. We don't have any record of a personal shareholding under Ching Ning's name. A total of 2 executives have left over the last 12 months. Announcement • May 01
Beaver Group (Holding) Company Limited has completed a Follow-on Equity Offering in the amount of HKD 28.35 million. Beaver Group (Holding) Company Limited has completed a Follow-on Equity Offering in the amount of HKD 28.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,000,000
Price\Range: HKD 0.21
Transaction Features: Rights Offering Announcement • Mar 03
Beaver Group (Holding) Company Limited Announces Resignation of Leung Wai Hung as Independent Non-Executive Director The board of directors of Beaver Group (Holding) Company Limited announced that Mr. Leung Wai Hung ("Mr. Leung") has resigned as an independent non-executive Director, the chairman of the audit committee of the Board (the "Audit Committee") and a member of each of the remuneration committee of the Board and the nomination committee of the Board with effect from 1 March 2021 due to his personal reason and his intention to devote more time for his other business engagements. Announcement • Jan 26
Beaver Group (Holding) Company Limited to Report Q3, 2021 Results on Feb 08, 2021 Beaver Group (Holding) Company Limited announced that they will report Q3, 2021 results on Feb 08, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: HK$0.005 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: HK$24.8m (up 10% from 2Q 2020). Net loss: HK$2.74m (loss widened 6.5% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 66% per year, which means it is performing significantly worse than earnings. Announcement • Jul 25
Beaver Group (Holding) Company Limited to Report Q1, 2021 Results on Aug 07, 2020 Beaver Group (Holding) Company Limited announced that they will report Q1, 2021 results on Aug 07, 2020