New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (HK$57.0m market cap, or US$7.27m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). New Risk • Jan 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 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 Risks Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (HK$51.0m market cap, or US$6.54m). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Board Change • Nov 05
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 Kwun Wan Ng 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. Announcement • Oct 31
Sunray Engineering Group Limited to Report First Half, 2026 Results on Nov 14, 2025 Sunray Engineering Group Limited announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Jun 29
Full year 2025 earnings released: HK$0.013 loss per share (vs HK$0.001 loss in FY 2024) Full year 2025 results: HK$0.013 loss per share (further deteriorated from HK$0.001 loss in FY 2024). Revenue: HK$162.5m (down 2.1% from FY 2024). Net loss: HK$13.3m (loss widened HK$12.5m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Sunray Engineering Group Limited, Annual General Meeting, Aug 20, 2025 Sunray Engineering Group Limited, Annual General Meeting, Aug 20, 2025, at 11:00 China Standard Time. Location: 17/f, edinburgh tower, 15 queens road central, Hong Kong Announcement • Jun 16
Sunray Engineering Group Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Sunray Engineering Group Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • Jun 03
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 Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (HK$32.0m market cap, or US$4.08m). 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 (15% average weekly change). New Risk • Mar 06
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 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (HK$40.0m market cap, or US$5.15m). New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (HK$34.0m market cap, or US$4.37m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Board Change • Nov 29
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 Kwun Wan Ng 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 • Jun 30
Full year 2024 earnings released: HK$0.001 loss per share (vs HK$0.006 profit in FY 2023) Full year 2024 results: HK$0.001 loss per share (down from HK$0.006 profit in FY 2023). Revenue: HK$165.9m (down 26% from FY 2023). Net loss: HK$798.0k (down 115% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Jun 26
Sunray Engineering Group Limited, Annual General Meeting, Aug 23, 2024 Sunray Engineering Group Limited, Annual General Meeting, Aug 23, 2024, at 11:30 China Standard Time. Location: 22/f, nexxus building, 41 connaught road central, Hong Kong Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: HK$0.001 (vs HK$0.001 in 3Q 2023) Third quarter 2024 results: EPS: HK$0.001 (in line with 3Q 2023). Revenue: HK$40.1m (down 37% from 3Q 2023). Net income: HK$552.0k (down 21% from 3Q 2023). Profit margin: 1.4% (up from 1.1% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Aug 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (HK$57.0m market cap, or US$7.28m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 17
First quarter 2024 earnings released: HK$0.002 loss per share (vs HK$0.001 profit in 1Q 2023) First quarter 2024 results: HK$0.002 loss per share (down from HK$0.001 profit in 1Q 2023). Revenue: HK$39.7m (down 20% from 1Q 2023). Net loss: HK$2.29m (down 497% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Jul 20
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 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (HK$67.0m market cap, or US$8.58m). Minor Risk Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • Jul 02
Full year 2023 earnings released: EPS: HK$0.006 (vs HK$0.011 in FY 2022) Full year 2023 results: EPS: HK$0.006 (down from HK$0.011 in FY 2022). Revenue: HK$222.8m (up 12% from FY 2022). Net income: HK$5.51m (down 49% from FY 2022). Profit margin: 2.5% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Sunray Engineering Group Limited, Annual General Meeting, Aug 18, 2023 Sunray Engineering Group Limited, Annual General Meeting, Aug 18, 2023, at 11:00 China Standard Time. Location: 22/F, Nexxus Building, 41 Connaught Road Central, Hong Kong Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements and reports of the directors and independent auditor of the Company and its subsidiaries for the year ended 31 March 2023; To re-appoint Deloitte Touche Tohmatsu as the independent auditor of the Company and authorise the Board to fix their remuneration; To re-elect Mr. Lam Ka Wing as an executive Director; to re-elect Ms. Cho Mei Ting as an independent non-executive Director; to authorise the Board to fix the remuneration of the Directors for the year ending 31 March 2024; and to consider other business matters. Announcement • Jun 14
Sunray Engineering Group Limited to Report Fiscal Year 2023 Results on Jun 27, 2023 Sunray Engineering Group Limited announced that they will report fiscal year 2023 results on Jun 27, 2023 Board Change • Apr 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Kwun Wan Ng 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 • Feb 16
Third quarter 2023 earnings released: EPS: HK$0.001 (vs HK$0.002 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.001 (down from HK$0.002 in 3Q 2022). Revenue: HK$63.9m (up 14% from 3Q 2022). Net income: HK$702.0k (down 63% from 3Q 2022). Profit margin: 1.1% (down from 3.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 09
Sunray Engineering Group Limited Provides Earnings Guidance for the Three Months Ended 30 June 2022 Sunray Engineering Group Limited provided earnings guidance for the three months ended 30 June 2022. For the period, the Group is expected to record a decrease in net profit from approximately HKD 3.2 million to approximately HKD 0.6 million for the three months ended 30 June 2022. The expected decrease in net profit of the Group was mainly attributable to the combined effect of (i) a decrease in gross profit from approximately HKD 15.0 million for the three months ended 30 June 2021 to approximately HKD 12.6 million for the three months ended 30 June 2022 as a result of the increase in material costs and direct staff costs for new projects; (ii) the negative impact arising from the constant spread of COVID-19 pandemic worldwide, leading to postponement and/or slowdown in certain construction projects in Hong Kong and Macau; and (iii) an increase in administrative expenses arising from the increase in staff costs. Announcement • Aug 03
Sunray Engineering Group Limited to Report Q1, 2023 Results on Aug 12, 2022 Sunray Engineering Group Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: HK$199.9m (up 12% from FY 2021). Net income: HK$10.9m (down 13% from FY 2021). Profit margin: 5.4% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • Jun 30
Sunray Engineering Group Limited, Annual General Meeting, Aug 19, 2022 Sunray Engineering Group Limited, Annual General Meeting, Aug 19, 2022, at 11:00 China Standard Time. Location: Suite 3318, 33/F, Jardine House, 1 Connaught Place Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements and reports of the directors and independent auditor of the company and its subsidiaries for the year ended 31 March 2022; to re-appoint Deloitte Touche Tohmatsu as the independent auditor of the company and authorise the Board to fix their remuneration; to re-elect Ms. Wong Pui Yee Edith as an executive Director of the company; to re-elect Mr. Ng Kwun Wan as an independent non-executive Director of the company; to authorise the Board to fix the remuneration of the Directors for the year ending 31 March 2023; and to consider others. Announcement • Jun 15
Sunray Engineering Group Limited to Report Fiscal Year 2022 Results on Jun 28, 2022 Sunray Engineering Group Limited announced that they will report fiscal year 2022 results on Jun 28, 2022 Board Change • Mar 29
High number of new directors Independent Non-Executive Director Kwun Wan Ng was the last director to join the board, commencing their role in 2020. Board Change • Dec 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. No experienced directors. No highly experienced directors. Compliance Officer, HR & Administration Manager and Executive Director Edith Wong is the most experienced director on the board, commencing their role in 2019. 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 • Nov 17
Second quarter 2022 earnings released: EPS HK$0.004 (vs HK$0.003 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: HK$41.4m (up 19% from 2Q 2021). Net income: HK$4.42m (up 55% from 2Q 2021). Profit margin: 11% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS HK$0.003 (vs HK$0.001 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: HK$48.8m (up 47% from 1Q 2021). Net income: HK$3.19m (up 253% from 1Q 2021). Profit margin: 6.5% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS HK$0.013 (vs HK$0.026 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$178.9m (down 10% from FY 2020). Net income: HK$12.4m (down 36% from FY 2020). Profit margin: 7.0% (down from 9.7% in FY 2020). The decrease in margin was driven by lower revenue. Announcement • Jun 24
Sunray Engineering Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021 Sunray Engineering Group Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a decrease in net profit and gross profit of approximately 35.8% and 24.5% respectively for year 2021 as compared to that for the year ended 31 March 2020. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS HK$0.004 (vs HK$0.004 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: HK$51.7m (up 43% from 3Q 2020). Net income: HK$3.67m (up 34% from 3Q 2020). Profit margin: 7.1% (down from 7.6% in 3Q 2020).