Announcement • 10h
China New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.562 million. China New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.562 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,440,000
Price\Range: HKD 0.425
Discount Per Security: HKD 0.02975
Transaction Features: Subsequent Direct Listing Announcement • Apr 24
China New Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 15.351898 million. China New Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 15.351898 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,122,112
Price\Range: HKD 0.425
Discount Per Security: HKD 0.02975
Transaction Features: Subsequent Direct Listing Reported Earnings • Jan 03
First half 2026 earnings released: HK$0.05 loss per share (vs HK$0.12 loss in 1H 2025) First half 2026 results: HK$0.05 loss per share. Revenue: HK$55.4m (up 84% from 1H 2025). Net loss: HK$9.32m (loss widened 70% from 1H 2025). Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.05 loss per share (vs HK$0.12 loss in 1H 2025) First half 2026 results: HK$0.05 loss per share. Revenue: HK$55.4m (up 84% from 1H 2025). Net loss: HK$9.32m (loss widened 70% from 1H 2025). Announcement • Nov 13
China New Holdings Limited to Report Q2, 2026 Results on Nov 28, 2025 China New Holdings Limited announced that they will report Q2, 2026 results on Nov 28, 2025 New Risk • Oct 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$35m free cash flow). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Market cap is less than US$10m (HK$55.1m market cap, or US$7.09m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Jul 31
Full year 2025 earnings released: HK$0.48 loss per share (vs HK$0.61 loss in FY 2024) Full year 2025 results: HK$0.48 loss per share. Revenue: HK$164.5m (up 88% from FY 2024). Net loss: HK$21.7m (loss widened 121% from FY 2024). Announcement • Jul 29
China New Holdings Limited, Annual General Meeting, Aug 28, 2025 China New Holdings Limited, Annual General Meeting, Aug 28, 2025, at 11:00 China Standard Time. Location: 2/f, 35-45b bonham strand, sheung wan., Hong Kong Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.48 loss per share (vs HK$0.62 loss in FY 2024) Full year 2025 results: HK$0.48 loss per share. Revenue: HK$164.5m (up 88% from FY 2024). Net loss: HK$21.7m (loss widened 121% from FY 2024). Announcement • Jun 13
China New Holdings Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 China New Holdings Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 New Risk • Apr 16
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). Shareholders have been substantially diluted in the past year (380% increase in shares outstanding). Market cap is less than US$10m (HK$55.1m market cap, or US$7.10m). New Risk • Apr 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 380% 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 Shareholders have been substantially diluted in the past year (380% increase in shares outstanding). Market cap is less than US$10m (HK$54.2m market cap, or US$6.98m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Mar 19
China New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 25.742098 million. China New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 25.742098 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 89,073,002
Price\Range: HKD 0.289
Transaction Features: Rights Offering Board Change • Mar 05
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). Independent Non-Executive Director Hau Wai Tsang is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Wai Yan Chan 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 • Feb 14
Royal Century Resources Holdings Limited Announces Appointment of Chen Qiuling as Executive Director Royal Century Resources Holdings Limited announced that Ms. Chen Qiuling ("Ms. Chen") has been appointed as an executive Director with effect from 13 February 2025. Ms. Chen, aged 47, graduated from North China Institute of Financial Management majoring in finance. She has over 25 years of experience in the engineering and metal materials business in the People's Republic of China. From 2019, she has been serving as the general manager of
Shanghai Gangfeng New Energy Technology Co. Ltd. responsible for the company 's operation management, finance, marketing and overall strategic planning and execution. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (HK$14.4m market cap, or US$1.86m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Jan 04
First half 2025 earnings released: HK$0.025 loss per share (vs HK$0.20 loss in 1H 2024) First half 2025 results: HK$0.025 loss per share (improved from HK$0.20 loss in 1H 2024). Revenue: HK$30.1m (up 2.6% from 1H 2024). Net loss: HK$5.48m (loss narrowed 11% from 1H 2024). 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 57% per year, which means it is significantly lagging earnings. New Risk • Dec 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 14% 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 Market cap is less than US$10m (HK$14.9m market cap, or US$1.92m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Dec 13
Royal Century Resources Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 39.147339 million. Royal Century Resources Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 39.147339 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 135,457,920
Price\Range: HKD 0.289
Transaction Features: Rights Offering Reported Earnings • Dec 05
First half 2025 earnings released: HK$0.025 loss per share (vs HK$0.20 loss in 1H 2024) First half 2025 results: HK$0.025 loss per share (improved from HK$0.20 loss in 1H 2024). Revenue: HK$30.1m (up 2.6% from 1H 2024). Net loss: HK$5.48m (loss narrowed 11% from 1H 2024). 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 58% per year, which means it is significantly lagging earnings. Announcement • Nov 15
Royal Century Resources Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024 Royal Century Resources Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (HK$23.9m market cap, or US$3.07m). Reported Earnings • Aug 03
Full year 2024 earnings released: HK$0.12 loss per share (vs HK$0.78 loss in FY 2023) Full year 2024 results: HK$0.12 loss per share (improved from HK$0.78 loss in FY 2023). Revenue: HK$87.6m (up 57% from FY 2023). Net loss: HK$9.79m (loss narrowed 60% from FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Royal Century Resources Holdings Limited, Annual General Meeting, Aug 28, 2024 Royal Century Resources Holdings Limited, Annual General Meeting, Aug 28, 2024, at 11:00 China Standard Time. Location: level 22, nexxus building, 41 connaught road central, Hong Kong Reported Earnings • Jun 30
Full year 2024 earnings released: HK$0.12 loss per share (vs HK$0.78 loss in FY 2023) Full year 2024 results: HK$0.12 loss per share (improved from HK$0.78 loss in FY 2023). Revenue: HK$87.6m (up 57% from FY 2023). Net loss: HK$9.79m (loss narrowed 60% from FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Jun 14
Royal Century Resources Holdings Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 Royal Century Resources Holdings Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (HK$37.9m market cap, or US$4.86m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Jun 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. Executive Director Jun Wang is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • May 31
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 Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (HK$39.1m market cap, or US$5.00m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • May 08
Royal Century Resources Holdings Limited Appoints Miao Xianliu as Executive Directorand an Authorised Representative The board of directors of Royal Century Resources Holdings Limited (the Company) announced that Ms. Miao Xianliu (Ms. Miao) has been appointed as an executive Director; and an authorised representative of the Company for the purpose of the Rules (the GEM Listing Rules) Governing the Listing of Securities on GEM (the GEM) of The Stock Exchange of Hong Kong Limited (the Stock Exchange) with effect from 7 May 2024. The biographical details of Ms. Miao is set out as follow: Ms. Miao, aged 48, completed the safety and technology management major course of East China University of Science and Technology. She has over 25 years of experience in engineering and building materials business in PRC. Ms. Miao (i) has not held any directorships in public companies the securities of which are listed in Hong Kong or overseas in the last three years; (ii) has not held any other positions in the Company or any of its subsidiaries; (iii) does not have any relationship with any other directors, senior management or substantial or controlling shareholders of the Company; (iv) does not have any interest in the listed securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (v) there is no information relating to Ms. Miao that is required to be disclosed pursuant to 17.50(2)(h) to (v) of the GEM Listing Rules or any other matter concerning Ms. Miao's appointment that needs to be brought to the attention of the Shareholders. Announcement • Apr 24
Royal Century Resources Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 7.563067 million. Royal Century Resources Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 7.563067 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 37,627,200
Price\Range: HKD 0.201
Discount Per Security: HKD 0.00201
Transaction Features: Subsequent Direct Listing Announcement • Feb 29
Royal Century Resources Holdings Limited Announces Resignation of Chan Chi Yuen as Executive Director Royal Century Resources Holdings Limited announces that Mr. Chan Chi Yuen has been resigned as an executive Director; the chairman of the Board with effect from 29 February 2024 as he has to devote more time commitments to his other business engagements. Announcement • Jan 17
Royal Century Resources Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 7.563067 million. Royal Century Resources Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 7.563067 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 37,627,200
Price\Range: HKD 0.201
Discount Per Security: HKD 0.00201
Transaction Features: Subsequent Direct Listing New Risk • Dec 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. 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 Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (HK$54.6m market cap, or US$6.99m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Dec 09
Royal Century Resources Holdings Limited Announces Changes of Independent Non-Executive Director and Change of Composition of Board Committee The board of directors of Royal Century Resources Holdings Limited announced that Mr. Li Ka Chun Gordon has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee, the Nomination Committee and the Compliance Committee of the Company for the purpose of the Rules (the "GEM Listing Rules") Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 8 December 2023. Mr. Li, aged 30, obtained his bachelor's degree in Accounting from The University of Hull. Mr. Li has around 10 years of experience in the areas of accounting and financial management in financial institutions and corporations, and led several large audit and financing projects. Mr. Li is currently an independent non-executive director of HSC Resources Group Limited. The Board announces that Mr. Lam Cheok Va ("Mr. Lam") has resigned as an independent non-executive Director and ceased to act as the chairman of the Remuneration Committee and a member of the Audit Committee, the Nomination Committee and the Compliance Committee with effect from 8 December 2023 as he has to devote more time to his other business engagements. Mr. Lam has confirmed that he has no disagreements with the Board and there are no matters in respect of his resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Reported Earnings • Nov 17
Second quarter 2024 earnings released: HK$0.03 loss per share (vs HK$0.19 loss in 2Q 2023) Second quarter 2024 results: HK$0.03 loss per share (improved from HK$0.19 loss in 2Q 2023). Revenue: HK$15.6m (up 16% from 2Q 2023). Net loss: HK$4.23m (loss narrowed 29% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. 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 Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (HK$52.7m market cap, or US$6.74m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Oct 28
Royal Century Resources Holdings Limited to Report First Half, 2024 Results on Nov 08, 2023 Royal Century Resources Holdings Limited announced that they will report first half, 2024 results on Nov 08, 2023 Announcement • Oct 17
Royal Century Resources Holdings Limited Announces Executive Changes The board of directors of Royal Century Resources Holdings Limited announced that Ms. Tsang Hau Wai ("Ms. Tsang") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and the Compliance Committee and a member of the Nomination Committee and the Remuneration Committee of the Company for the purpose of the Rules Governing the Listing of Securities on GEM (the "GEM") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 16 October 2023. Ms. Tsang Hau Wai, aged 43, obtained a Bachelor of Arts (Honors) degree in Accountancy from The Hong Kong Polytechnic University in 2002. She is a certified public accountant of Hong Kong Institute of Certified Public Accountants, a member of The Institute of Chartered Accountants in England and Wales and a project management professional of Project Management Institute. Ms. Tsang has over 15 years of experience in commercial sector and listed companies. Ms. Tsang has not held any other directorships in public companies listed in Hong Kong or any other major exchanges in the last three years preceding the date of this announcement.Ms. Tsang is appointed for an initial term of 3 years, and her directorship will be subject to re-election in accordance with the Company's articles of association or the GEM Listing Rules. The Board announces that Mr. Chan Chiu Hung Alex ("Mr. Chan") has resigned as an independent non-executive Director and ceased to act as the chairman of the Audit Committee and the Compliance Committee and a member of the Nomination Committee and the Remuneration Committee with effect from 16 October 2023 as he has to devote more time to his other business engagements. Mr. Chan has confirmed that he has no disagreements with the Board and there are no matters in respect of his resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Announcement • Sep 16
Royal Century Resources Holdings Limited Announces Executive Changes Royal Century Resources Holdings Limited announced that Mr. Yau Yan Yuen has been appointed as an executive Director; the company secretary and an authorised representative of the Company for the purpose of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited with effect from 15 September 2023. Mr. Yau Yan Yuen, aged 35, obtained a degree of Bachelor of Business Administration in Accountancy from the Hong Kong Polytechnic University. Mr. Yau is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Yau is currently the chief financial officer and company secretary of Hope Life International Holdings Limited, a company secretary of Windmill Group Limited, and an independent non-executive director of Creative China Holdings Limited, the securities of which are traded on the Stock Exchange. Mr. Yau worked as the chief financial officer and company secretary of Wai Hung Group Holdings Limited during the period from 15 June 2018 to 11 May 2021. He has extensive financial, accounting and company secretary experiences. Mr. Yau is appointed for an initial term of 3 years, and his directorship will be subject to re-election in accordance with the Company's articles of association or the GEM Listing Rules. The Board announced that Mr. Pang Pui Hung Paton ("Mr. Pang") has resigned as the Company Secretary and the Authorised Representative with effect from 15 September 2023 due to his other commitments. Mr. Pang has confirmed that he has no disagreements with the Board and there are no matters in respect of his resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board members would like to take this opportunity to express its sincere gratitude to M r. Pang for his contributions to the Company during his term of services. New Risk • Sep 01
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$1.3m 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (HK$11.4m market cap, or US$1.46m). Announcement • Aug 15
Royal Century Resources Holdings Limited, Annual General Meeting, Sep 07, 2023 Royal Century Resources Holdings Limited, Annual General Meeting, Sep 07, 2023, at 11:00 China Standard Time. Location: Suite 2201, 22/F., China Resources Building, 26 Harbour Road, Wan Chai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements and the reports of the directors (the "Director(s)") and auditor (the "Auditor") of the Company for the year ended 31 March 2023; to re-elect Mr. Chan Chi Yuen as executive Director; to re-elect Mr. Chan Chiu Hung Alex as independent non-executive Director; to authorise the board (the "Board") of Directors to fix the remuneration of the Directors; to re-appoint Mazars CPA Limited as the Auditor and to authorise the Board to fix their remuneration; and to consider other matters. Reported Earnings • Aug 15
First quarter 2024 earnings released: HK$0.01 loss per share (vs HK$0.038 loss in 1Q 2023) First quarter 2024 results: HK$0.01 loss per share (improved from HK$0.038 loss in 1Q 2023). Revenue: HK$13.7m (up 17% from 1Q 2023). Net loss: HK$1.93m (loss narrowed 68% from 1Q 2023). 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 49% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Royal Century Resources Holdings Limited to Report Q1, 2024 Results on Aug 09, 2023 Royal Century Resources Holdings Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • Jun 30
Full year 2023 earnings released: HK$0.16 loss per share (vs HK$0.13 loss in FY 2022) Full year 2023 results: HK$0.16 loss per share (further deteriorated from HK$0.13 loss in FY 2022). Revenue: HK$55.8m (down 3.3% from FY 2022). Net loss: HK$24.6m (loss widened 17% from FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Royal Century Resources Holdings Limited to Report Fiscal Year 2023 Results on Jun 28, 2023 Royal Century Resources Holdings Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on Jun 28, 2023 New Risk • Jun 14
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 Less than 1 year of cash runway based on free cash flow trend (-HK$2.9m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (HK$11.0m market cap, or US$1.40m). Announcement • Jun 05
Royal Century Resources Holdings Limited Announces the Resignation of Tsang Kei Cheong as A Non-Executive Director The board of directors of Royal Century Resources Holdings Limited announced that Mr. Tsang Kei Cheong has resigned as a non-executive Director with effect from 3 June 2023 in order to devote more time to his otherbusiness engagements. Announcement • Feb 14
Royal Century Resources Holdings Limited Announces Resignation of Zhang Weijie as an Executive Director The board of directors of Royal Century Resources Holdings Limited announced that Mr. Zhang Weijie has resigned as an executive Director with effect from 13 February 2023 in order to devote more time to his other business engagements. Reported Earnings • Feb 10
Third quarter 2023 earnings released: HK$0.03 loss per share (vs HK$0.02 loss in 3Q 2022) Third quarter 2023 results: HK$0.03 loss per share (further deteriorated from HK$0.02 loss in 3Q 2022). Revenue: HK$17.2m (up 25% from 3Q 2022). Net loss: HK$5.21m (loss widened 68% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Royal Century Resources Holdings Limited to Report Nine Months, 2023 Results on Feb 09, 2023 Royal Century Resources Holdings Limited announced that they will report nine months, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: HK$0.04 loss per share (vs HK$0.022 loss in 2Q 2022) Second quarter 2023 results: HK$0.04 loss per share (further deteriorated from HK$0.022 loss in 2Q 2022). Revenue: HK$13.5m (down 18% from 2Q 2022). Net loss: HK$5.97m (loss widened 75% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Francis Lam was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 08
Royal Century Resources Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 September 2022 Royal Century Resources Holdings Limited provided earnings guidance for the six months ended 30 September 2022. For the period, the Group expects to record a significant increase in the net loss for the Period as compared to that for the six months ended 30 September 2021. Announcement • Oct 28
Royal Century Resources Holdings Limited to Report First Half, 2023 Results on Nov 10, 2022 Royal Century Resources Holdings Limited announced that they will report first half, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: HK$0.04 loss per share (vs HK$0.022 loss in 1Q 2022) First quarter 2023 results: HK$0.04 loss per share (down from HK$0.022 loss in 1Q 2022). Revenue: HK$11.7m (down 28% from 1Q 2022). Net loss: HK$5.99m (loss widened 75% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Jul 28
Royal Century Resources Holdings Limited to Report Q1, 2023 Results on Aug 09, 2022 Royal Century Resources Holdings Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • Jul 23
Royal Century Resources Holdings Limited, Annual General Meeting, Aug 15, 2022 Royal Century Resources Holdings Limited, Annual General Meeting, Aug 15, 2022, at 11:00 China Standard Time. Location: Suite 2201, 22/F., China Resources Building 26 Harbour Road Wanchai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements and the reports of the directors and auditor of the Company for the year ended 31 March 2022; to re-elect Mr. Wang Jun as executive Director; to re-elect Mr. Tsang Kei Cheong as non-executive Director; to re-elect Mr. Wu Zhao as independent non-executive Director; to authorize the board of Directors to fix the remuneration of the Directors; to re-appoint Mazars CPA Limited as the Auditor and to authorize the Board to fix their remuneration; and to consider other matters of the business. Reported Earnings • Jun 28
Full year 2022 earnings released: HK$0.10 loss per share (vs HK$0.21 loss in FY 2021) Full year 2022 results: HK$0.10 loss per share. Revenue: HK$57.7m (down 14% from FY 2021). Net loss: HK$21.1m (loss widened 8.4% from FY 2021). Announcement • Jun 14
Royal Century Resources Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022 Royal Century Resources Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Francis Lam was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: HK$0.02 loss per share (up from HK$0.061 loss in 3Q 2021). Revenue: HK$13.8m (down 31% from 3Q 2021). Net loss: HK$3.10m (loss narrowed 22% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: HK$0.02 loss per share (vs HK$0.037 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: HK$16.4m (up 17% from 2Q 2021). Net loss: HK$3.41m (loss widened 76% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 29
Full year 2021 earnings released: HK$0.20 loss per share (vs HK$0.60 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$66.8m (up 56% from FY 2020). Net loss: HK$19.4m (loss narrowed 31% from FY 2020). Is New 90 Day High Low • Feb 22
New 90-day high: HK$1.15 The company is up 238% from its price of HK$0.34 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 15% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: HK$0.061 loss per share (vs HK$0.033 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: HK$19.9m (down 12% from 3Q 2020). Net loss: HK$3.99m (loss widened 159% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Royal Century Resources Holdings Limited to Report Q3, 2021 Results on Feb 08, 2021 Royal Century Resources Holdings Limited announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: HK$0.67 The company is up 131% from its price of HK$0.29 on 09 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 18% over the same period. Announcement • Dec 30
Royal Century Resources Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 31.356 million. Royal Century Resources Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 31.356 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,520,000
Price\Range: HKD 0.3
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: HKD 0.3
Discount Per Security: HKD 0.0006
Transaction Features: Rights Offering Is New 90 Day High Low • Dec 10
New 90-day high: HK$0.49 The company is up 44% from its price of HK$0.34 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 14% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: HK$0.004 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: HK$14.0m (up 66% from 2Q 2020). Net loss: HK$1.93m (loss narrowed 69% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 69% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Royal Century Resources Holdings Limited to Report First Half, 2021 Results on Nov 10, 2020 Royal Century Resources Holdings Limited announced that they will report first half, 2021 results on Nov 10, 2020 Announcement • Jul 31
Royal Century Resources Holdings Limited to Report Q1, 2021 Results on Aug 07, 2020 Royal Century Resources Holdings Limited announced that they will report Q1, 2021 results on Aug 07, 2020