Reported Earnings • Jul 29
Full year 2026 earnings released: EPS: HK$0.018 (vs HK$0.064 in FY 2025) Full year 2026 results: EPS: HK$0.018 (down from HK$0.064 in FY 2025). Revenue: HK$620.3m (down 13% from FY 2025). Net income: HK$18.4m (down 67% from FY 2025). Profit margin: 3.0% (down from 7.7% in FY 2025). The decrease in margin was driven by lower revenue. New Risk • Jul 07
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 2.0% per year over the past 5 years. High level of non-cash earnings (66% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Profit margins are more than 30% lower than last year (6.5% net profit margin). Announcement • Jun 24
Wing Lee Development Construction Holdings Limited Provides Group Earnings Guidance for the Year Ended 31 March 2026 Wing Lee Development Construction Holdings Limited provides group earnings guidance for the year ended 31 March 2026. For the year, the group is expected to record a consolidated profit attributable to owners of the Company of not more than HKD 19.00 million for the year ended 31 March 2026 (the "Financial Year") as compared to the consolidated profit attributable to owners of the Company of approximately HKD 55.46 million for the year ended 31 March 2025 (the "Corresponding Year"). The expected decrease in consolidated profit attributable to owners of the Company is mainly attributable to the combined effect of decrease in gross profit margin resulting from increase in material costs, labor costs and logistic costs for new projects; and increase upfront costs incurred for the development of the Group's new energy business. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$1.09, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Total loss to shareholders of 17% over the past year. New Risk • Dec 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 66% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.0% per year over the past 5 years. High level of non-cash earnings (66% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (6.5% net profit margin). Reported Earnings • Nov 28
First half 2026 earnings released: EPS: HK$0.019 (vs HK$0.05 in 1H 2025) First half 2026 results: EPS: HK$0.019 (down from HK$0.05 in 1H 2025). Revenue: HK$252.4m (down 37% from 1H 2025). Net income: HK$19.2m (down 49% from 1H 2025). Profit margin: 7.6% (down from 9.4% in 1H 2025). Announcement • Nov 14
Wing Lee Development Construction Holdings Limited to Report First Half, 2026 Results on Nov 26, 2025 Wing Lee Development Construction Holdings Limited announced that they will report first half, 2026 results on Nov 26, 2025 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.38, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Total returns to shareholders of 207% over the past year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$1.29, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Announcement • Aug 07
Wing Lee Development Construction Holdings Limited, Annual General Meeting, Sep 18, 2025 Wing Lee Development Construction Holdings Limited, Annual General Meeting, Sep 18, 2025, at 10:30 China Standard Time. Location: function room 1, 11/f, nina hotel tsuen wan west, 8 yeung uk road, tsuen wan, Hong Kong Reported Earnings • Jul 30
Full year 2025 earnings released: EPS: HK$0.074 (vs HK$0.10 in FY 2024) Full year 2025 results: EPS: HK$0.074 (down from HK$0.10 in FY 2024). Revenue: HK$716.6m (up 36% from FY 2024). Net income: HK$55.5m (down 28% from FY 2024). Profit margin: 7.7% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$1.06, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 10x in the Construction industry in Hong Kong. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: HK$0.064 (vs HK$0.10 in FY 2024) Full year 2025 results: EPS: HK$0.064 (down from HK$0.10 in FY 2024). Revenue: HK$716.6m (up 36% from FY 2024). Net income: HK$55.5m (down 28% from FY 2024). Profit margin: 7.7% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Jun 13
Wing Lee Development Construction Holdings Limited to Report Fiscal Year 2025 Results on Jun 25, 2025 Wing Lee Development Construction Holdings Limited announced that they will report fiscal year 2025 results on Jun 25, 2025 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$1.14, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.17, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 12x in the Construction industry in Hong Kong. New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.02, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Announcement • Mar 27
Wing Lee Development Construction Holdings Limited Announces Executive Changes The board of directors of Wing Lee Development Construction Holdings Limited announced that Ms. Tse Ka Wing has tendered her resignation as the company secretary of the Company with effect from 26 March 2025. Following Ms. Tse's resignation, Ms. Peng Liting has been appointed as the Company Secretary with effect from 26 March 2025. The biographical information of Ms. Peng is as follows: Ms. Peng holds a bachelor's degree in law from the South China Normal University in China, a master's degree in law from the University of Glasgow in the United Kingdom and a master's degree in corporate governance from the Hong Kong Metropolitan University. Prior to joining the Company, Ms. Peng has extensive experience in corporate compliance, relationship management of investors, investment and financing. She has worked for various listed companies in Hong Kong for over 6 years and currently serves as the company secretary of XXF Group Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 2473). Ms. Peng is an associate member of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute in the United Kingdom, and has been awarded with the dual designations of Chartered Secretary and Chartered Governance Professional. Reported Earnings • Nov 30
First half 2025 earnings released First half 2025 results: EPS: HK$0.05. Net income: HK$37.5m (up HK$37.5m from 1H 2024). Announcement • Nov 20
Chizun Investment International Limited to Report First Half, 2025 Results on Nov 29, 2024 Chizun Investment International Limited announced that they will report first half, 2025 results on Nov 29, 2024 Board Change • Oct 09
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Director Lo Man Chan is the most experienced director on the board, commencing their role in 2024. Independent Non-Executive Director Stanley Leung 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 • Oct 09
Chizun Investment International Limited has completed an IPO in the amount of HKD 182.5 million. Chizun Investment International Limited has completed an IPO in the amount of HKD 182.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: HKD 0.73
Discount Per Security: HKD 0.0219
Security Name: Shares
Security Type: Common Stock
Securities Offered: 77,065,000
Price\Range: HKD 0.73
Discount Per Security: HKD 0.0219
Security Name: Shares
Security Type: Common Stock
Securities Offered: 47,935,000
Price\Range: HKD 0.73
Discount Per Security: HKD 0.0219
Transaction Features: Regulation S 
