Reported Earnings • Apr 05
Full year 2024 earnings released: CN¥0.46 loss per share (vs CN¥0.067 profit in FY 2023) Full year 2024 results: CN¥0.46 loss per share (down from CN¥0.067 profit in FY 2023). Revenue: CN¥1.01b (down 72% from FY 2023). Net loss: CN¥1.71b (down CN¥1.91b 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 49 percentage points per year, which is a significant difference in performance. Board Change • Mar 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jiong Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Third quarter 2024 earnings released: CN¥0.18 loss per share (vs CN¥0.007 profit in 3Q 2023) Third quarter 2024 results: CN¥0.18 loss per share (down from CN¥0.007 profit in 3Q 2023). Revenue: CN¥86.0m (down 92% from 3Q 2023). Net loss: CN¥651.0m (down CN¥673.9m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Huisen Shares Group Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Huisen Shares Group Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 New Risk • Feb 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.3m (US$9.93m) 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 (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (HK$77.3m market cap, or US$9.93m). Recent Insider Transactions • Oct 04
Executive Chairman recently sold HK$14m worth of stock On the 2nd of October, Ming Zeng sold around 200m shares on-market at roughly HK$0.068 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ming's only on-market trade for the last 12 months. Reported Earnings • Sep 29
First half 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.053 profit in 1H 2023) First half 2024 results: CN¥0.11 loss per share (down from CN¥0.053 profit in 1H 2023). Revenue: CN¥836.6m (down 44% from 1H 2023). Net loss: CN¥404.7m (down 351% from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Announcement • Sep 23
Huisen Shares Group Limited Announces Board and Committee Changes The board of directors of Huisen Shares Group Limited announced that the Board has accepted the resignation of Ms. Zhang Lingling as an Independent Non-executive Director of the Company. In order to spend more time pursuing to her career development and affairs, Ms. Zhang will resign as an Independent Non-executive Director with effect from 23 September 2024. Upon her resignation, Ms. Zhang ceased to be a member of the corporate governance committee, member of the audit committee, and member of Risk Management Committee of the Company with effect from 23 September 2024. Ms. Zhang Lingling has confirmed to the Board that there is no disagreement between her and the Board and that there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders. The Board also announced that, in order to fill the casual vacancy caused by the resignation of Ms. Zhang Lingling, it has approved the appointment of Mr. Liu Jiong as an Independent Non-executive Director of the Company with effect from 23 September 2024. Mr. Liu Jiong has also been appointed as a member of the corporate governance committee, member of the audit committee, and member of Risk Management Committee of the Company with effect from 23 September 2024. Mr. Liu Jiong, aged 35, was appointed as an Independent Non-Executive Director on 23 September 2024. From December 2006 to December 2010, Mr. Liu served in the Mobile Unit of the Beijing General Corps of the Armed Police Force, possessing a good overall perspective and strategic vision, and having exceptional leadership and management abilities. Mr. Liu participated in the security work and news reporting of the Beijing Olympics in August 2008, and received commendations and awards. From 2011 to 2018, Mr. Liu founded Sanqianchi Culture and Media, mainly responsible for major decisions and the implementation of strategic development plans for the company and its subsidiaries. From 2019 to present, Mr. Liu has been serving as an Executive Director of Mira Style Jewellery Co. Ltd., responsible for brand management and strategic investment. He once served as the Chairman of Guangzuan Holdings, being deeply involved in the field of cultivated diamonds and other superhard new materials, refining and polishing the supply chain management system for superhard new materials, accumulating rich experience in supply chain management, establishing strategic partnerships with major raw material suppliers, and forming a relatively complete supporting system by supporting the development of raw material suppliers. Announcement • Aug 20
Huisen Shares Group Limited to Report First Half, 2024 Results on Aug 30, 2024 Huisen Shares Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jul 26
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 13% 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 11% per year over the past 5 years. High level of non-cash earnings (51% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$320.4m market cap, or US$41.0m). Announcement • Jun 28
Huisen Shares Group Limited Announces Board Changes Huisen Shares Group Limited announces that the Board has accepted the resignation of Mr. Suen To Wai as an Independent Non-executive Director of the Company. In order to spend more time pursuing to his career development and affairs, Mr. Suen will resign as an Independent Non-executive Director with effect from 30 June 2024. Upon his resignation,Mr. Suen ceased to be the chairman of the corporate governance committee, member of the nomination committee, chairman of the audit committee and chairman of remuneration committee of the Company with effect from 30 June 2024. The Board also announces that, in order to fill the casual vacancy caused by the resignation of Mr. Suen To Wai has approved the appointment of Ms. Yan Liqiong as an Independent Non-executive Director of the Company with effect from 30 June 2024. Ms. Yan Liqiong has also been appointed as the chairman of the corporate governance committee, member of the nomination committee, chairman of the audit committee and chairman of remuneration committee of the Company with effect from 30 June 2024. Ms. Yan, age 47, has been appointed as an independent non-executive Director on 30 June 2024. Ms. Yan has over 17 years of experience in the capital market. She has many years of working experience as chief financial officer (CFO)/secretary of the board of directors/director of investor relations of listed companiesin the United States. She is familiar with the capital markets of the PRC and the United States and related laws and regulations, financial reporting and accounting treatment and accounting standards, and is proficient in corporate governance, SEC, NASDAQ, Sarbanes internal control and other related systems. Ms. Yan has successfully assisted TAOP to list on NASDAQ and successfully completed multiple public/private/hybrid financings and group strategic acquisitions, and has more than 10 years of rich experience in finance, finance, investor relations and corporate governance. In addition, Ms. Yan served as the secretary of the board of directors of a subsidiary of a domestic A-share Pre-IPO company and completed its share reform and preparation for listing. She is also familiar with capital operation, the formulation and implementation of financing plans for listed enterprises, and has rich domestic and foreign fund resources. Ms. Yan is a Certified Management Accountant (CMA) of the Institute of Management Accountants (IMA) in the United States of America. Ms. Yan received her Bachelor's degree in International Economics from Beijing Normal University in 1999. Ms. Yan is also studying the on-the-job-postgraduate courses inInvestment at Fudan University. Reported Earnings • Apr 23
Full year 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.11 in FY 2022) Full year 2023 results: EPS: CN¥0.068 (down from CN¥0.11 in FY 2022). Revenue: CN¥3.64b (up 21% from FY 2022). Net income: CN¥207.1m (down 38% from FY 2022). Profit margin: 5.7% (down from 11% 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 45% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. New Risk • Mar 25
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 Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (84% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$648.2m market cap, or US$82.9m). Announcement • Mar 16
Huisen Household International Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Huisen Household International Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Mar 05
Huisen Household International Group Limited has completed a Follow-on Equity Offering in the amount of HKD 41.43258 million. Huisen Household International Group Limited has completed a Follow-on Equity Offering in the amount of HKD 41.43258 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 306,908,000
Price\Range: HKD 0.135
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Announcement • Feb 09
Huisen Household International Group Limited has filed a Follow-on Equity Offering in the amount of HKD 41.43258 million. Huisen Household International Group Limited has filed a Follow-on Equity Offering in the amount of HKD 41.43258 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 306,908,000
Price\Range: HKD 0.135
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Announcement • Feb 03
Huisen Household International Group Limited has completed a Follow-on Equity Offering in the amount of HKD 39.8983 million. Huisen Household International Group Limited has completed a Follow-on Equity Offering in the amount of HKD 39.8983 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 306,910,000
Price\Range: HKD 0.13
Discount Per Security: HKD 0.00195 New Risk • Feb 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.9% per year over the past 5 years. Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (84% accrual ratio). High level of non-cash earnings (84% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.8% net profit margin). Profit margins are more than 30% lower than last year (7.8% net profit margin). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (HK$607.7m market cap, or US$77.7m). Market cap is less than US$100m (HK$607.7m market cap, or US$77.7m). Announcement • Jan 13
Huisen Household International Group Limited has filed a Follow-on Equity Offering in the amount of HKD 79.79634 million. Huisen Household International Group Limited has filed a Follow-on Equity Offering in the amount of HKD 79.79634 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 613,818,000
Price\Range: HKD 0.13
Discount Per Security: HKD 0.00195 Announcement • Dec 28
Huisen Household International Group Limited Announces Change of Company Secretary The board of directors of Huisen Household International Group Limited announced that with effect from 28 December 2023, Ms. Chan Sau Ling has tendered her resignation as the company secretary of the Company, the authorized representative of the Company under Section 622 of the Hong Kong Companies Ordinance and one of the authorised representatives of the Company for the purpose of Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Board also announces that Ms. Ho Wing Yan ("Ms. Ho") has been appointed as the Company Secretary and the Authorised Representatives. Ms. Ho has over ten years of experience serving as company secretary for listed companies on the Stock Exchange. She currently is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators). Announcement • Oct 11
Huisen Household International Group Limited Announces Update in Relation to Winding-Up Petition Huisen Household International Group Limited announced the references are made to the announcements of the company dated 11 July 2023, 2 August 2023, 5 September 20223 and 27 September 2023 (collectively, the ‘Announcements’) in relation to the Petition against the company. Grant of Validation Order: The board updated that a consent summons (the ‘Consent Summons’) was filed with the Court on 4 October 2023 to, among other things, (1) apply for a validation order that any transfer of issued and fully paid up shares in the Company since the date of the Petition shall not be void by virtue of section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) and (2) vacate the relevant hearing scheduled to be heard on 11 October 2023 with no order as to costs. On 6 October 2023, the Court made the order in terms of the Consent Summons. New Risk • Sep 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 84% 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 3.9% per year over the past 5 years. High level of non-cash earnings (84% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.8% net profit margin). Market cap is less than US$100m (HK$435.8m market cap, or US$55.7m). Reported Earnings • Sep 01
First half 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.097 in 1H 2022) First half 2023 results: EPS: CN¥0.053 (down from CN¥0.097 in 1H 2022). Revenue: CN¥1.48b (down 25% from 1H 2022). Net income: CN¥161.3m (down 46% from 1H 2022). Profit margin: 11% (down from 15% in 1H 2022). The decrease in margin was driven by lower revenue. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (7.8% net profit margin). Market cap is less than US$100m (HK$448.1m market cap, or US$57.1m). Announcement • Aug 19
Huisen Household International Group Limited to Report First Half, 2023 Results on Aug 30, 2023 Huisen Household International Group Limited announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jul 12
Huisen Household International Group Limited Provides Update on Winding-Up Petition Huisen Household International Group Limited On 21 June 2023, the Company received a winding-up petition against the Company filed by Transpac Investment Management Limited (the "Petitioner") at the High Court of the Hong Kong Special Administrative Region (the "Court") in relation to the Company's non-payment of the consultancy fees to the Petitioner in a total amount of HKD 7,500,000. The Petition only came to the attention of the Board on 7 July 2023 and will be heard before the Court at 9:30 a.m. on 6 September 2023. The Company is in the course of seeking legal advice on the matter, and intends to defend vigorously against the Petition. The Company is also considering all available options as to the legal rights of the Company, including but not limited to the application for a validation order in relation to, inter alia, transfer of shares. The Company will keep its shareholders and investors informed of any significant development of the Petition and will make further announcement(s) as and when appropriate in accordance with the Listing Rules. Pursuant to the circular dated 28 December 2016 issued by Hong Kong Securities Clearing Company Limited ("HKSCC") in relation to the transfer of the shares of listed issuers after a winding up petition has been presented, and in view of the restrictions and the uncertainties that may arise in relation to the transfer of shares of the Company, for participant(s) who conduct share transfers through HKSCC (the "Participant(s)"), HKSCC may at any time, and without notice, exercise its powers under the General Rules of Central Clearing and Settlement System ("CCASS") to temporarily suspend any of its services in respect of shares of the Company. This may include the suspension of acceptance of deposits of share certificates of the Company into CCASS. The share certificates of the Company received by HKSCC but not yet re-registered in HKSCC Nominee Limited's name will also be returned to the relevant Participant and HKSCC shall reserve the right to reverse any credit granted to such Participant by debiting the relevant securities from its CCASS account accordingly. These measures would generally cease to apply from the date when the winding up petition has been struck-out, dismissed or permanently stayed, or the relevant Company has obtained the necessary validation order from the Court. In the unlikely event that the Company is ultimately wound up as a result of the Petition, then pursuant to section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong), any disposition of the property of the Company, including things in action, and any transfer of shares, or alteration in the status of the members of the Company after the commencement date of the winding up, namely the date of the presentation of the Petition (20 June 2023), will be void as a matter of Hong Kong law unless a validation order is obtained from the Court. Any disposition made on or after 20 June 2023 will not be affected if the Petition is subsequently struck out, dismissed or permanently stayed, and hence the Board wishes to remind its shareholders and potential investors that, the transfer of the shares in the Company made on or after 20 June 2023 would be void without a validation order from the Court in the event that the Company is ultimately wound up. The filing of the Petition does not represent the successful winding up of the Company by the Petitioner. No winding-up order has been granted by the Court to wind up the Company as at the date of this announcement. The Court has set the first hearing date for the Petition on 6 September 2023. The Board is of the view that the Petition may impair the value of the Company. The Company will seek legal measures to resolutely oppose the Petition, and take all necessary actions to protect its legal rights. Recent Insider Transactions • May 02
Executive Chairman recently sold HK$12m worth of stock On the 27th of April, Ming Zeng sold around 50m shares on-market at roughly HK$0.23 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$14m. Ming has been a net seller over the last 12 months, reducing personal holdings by HK$38m. Recent Insider Transactions • Apr 22
Executive Chairman recently sold HK$13m worth of stock On the 17th of April, Ming Zeng sold around 50m shares on-market at roughly HK$0.26 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$14m. Ming has been a net seller over the last 12 months, reducing personal holdings by HK$27m. Recent Insider Transactions • Apr 19
Executive Chairman recently sold HK$14m worth of stock On the 11th of April, Ming Zeng sold around 50m shares on-market at roughly HK$0.28 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ming has been a net seller over the last 12 months, reducing personal holdings by HK$14m. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.11 (down from CN¥0.29 in FY 2021). Revenue: CN¥3.02b (down 41% from FY 2021). Net income: CN¥334.9m (down 62% from FY 2021). Profit margin: 11% (down from 17% in FY 2021). The decrease in margin was driven by lower revenue. Announcement • Feb 10
Huisen Household International Group Limited Announces Board Changes Huisen Household International Group Limited announced Mr. Zhou Zhongqi has tendered his resignation as an independent non-executive Director with effect from 8 February 2023 as he will reach the legal retirement age of the People's Republic of China in March 2023. Announcement • Jan 19
Huisen Household International Group Limited Announces Board Changes The board of directors of Huisen Household International Group Limited hereby announced that Ms. Leong Mali has tendered her resignation as an independent non-executive Director and accordingly ceased as a member of each of the audit committee, the remuneration committee, the nomination committee, the corporate governance committee and the risk management committee of the Company with effect from 18 January 2023 due to her other personal commitments which require more of her time and dedication. Following the cessation of Ms. Leong as a member of each of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate GovernanceCommittee and the Risk Management Committee, Mr. Feng Zhaowei, an independent non-executive Director, has been appointed as a member of the Audit Committee; and Ms. Zhang Lingling, an independent non-executive Director, has been appointed as a member of each of the Corporate Governance Committee and the Risk Management Committee with effect from 18 January 2023. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lingling Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 02
Executive Chairman recently bought HK$440k worth of stock On the 27th of September, Ming Zeng bought around 2m shares on-market at roughly HK$0.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ming's only on-market trade for the last 12 months. Reported Earnings • Oct 01
First half 2022 earnings released: EPS: CN¥0.097 (vs CN¥0.14 in 1H 2021) First half 2022 results: EPS: CN¥0.097 (down from CN¥0.14 in 1H 2021). Revenue: CN¥1.96b (down 18% from 1H 2021). Net income: CN¥298.0m (down 29% from 1H 2021). Profit margin: 15% (down from 18% in 1H 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: CN¥9.70 (vs CN¥0.14 in 1H 2021) First half 2022 results: EPS: CN¥9.70. Revenue: CN¥1.96b (down 18% from 1H 2021). Net income: CN¥298.0m (down 29% from 1H 2021). Profit margin: 15% (down from 18% in 1H 2021). The decrease in margin was driven by lower revenue. Announcement • Aug 19
Huisen Household International Group Limited to Report First Half, 2022 Results on Aug 30, 2022 Huisen Household International Group Limited announced that they will report first half, 2022 results on Aug 30, 2022 Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lingling Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 02
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.24 in FY 2020). Revenue: CN¥5.14b (up 32% from FY 2020). Net income: CN¥888.1m (up 64% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lingling Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 27
Price target increased to HK$4.80 Up from HK$3.59, the current price target is provided by 1 analyst. New target price is 742% above last closing price of HK$0.57. Stock is down 74% over the past year. The company is forecast to post earnings per share of CN¥0.33 for next year compared to CN¥0.29 last year. Announcement • Apr 08
Huisen Household International Group Limited Announces Executive Changes The Board Huisen Household International Group Limited announces that, with effect from 7 April 2022 Mr. Lau Jing Yeung William resigned as an independent non-executive Director and accordingly ceased as a member of each of the audit committee, the remuneration committee and the corporate governance committee and the chairman of the nomination committee of the Company. The Board hereby announces that Mr. Zhou Zhongqi has been appointed as an independent non-executive Director and Mr. Feng Zhaowei has been appointed as an independent non-executive Director and a member of the remuneration committee and the chairman of the nomination committee of the Company with effect from 7 April 2022. Mr. Feng Zhaowei has been appointed as an independent non-executive Director and a member of the remuneration committee and the chairman of the nomination committee of the Company. Announcement • Apr 03
Huisen Household International Group Limited Announces Directorate Changes The board of directors of Huisen Household International Group Limited announced that Mr. Gao Jianhua resigned as an independent non-executive Director and accordingly ceased as a member of each of the audit committee and the risk management committee of the Company with effect from 1 April 2022 due to his other personal commitments which require more of his time and dedication. The board announced that Ms. Zhang Lingling has been appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 1 April 2022. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$1.11, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$1.52, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 28% over the past year. Reported Earnings • Sep 04
First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.11 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥2.40b (up 47% from 1H 2020). Net income: CN¥420.8m (up 76% from 1H 2020). Profit margin: 18% (up from 15% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 16% share price gain to HK$2.55, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥3.00, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 18x in the Consumer Durables industry in Hong Kong. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥2.73, the stock trades at a trailing P/E ratio of 9.4x. Average forward P/E is 18x in the Consumer Durables industry in Hong Kong. Reported Earnings • May 04
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.25 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥3.90b (up 4.7% from FY 2019). Net income: CN¥540.7m (down 4.9% from FY 2019). Profit margin: 14% (down from 15% in FY 2019). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.25 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥3.90b (up 4.7% from FY 2019). Net income: CN¥540.7m (down 4.9% from FY 2019). Profit margin: 14% (down from 15% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Mar 16
Huisen Household International Group Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Huisen Household International Group Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥1.98, the stock is trading at a trailing P/E ratio of 6.8x, down from the previous P/E ratio of 8.1x. This compares to an average P/E of 10x in the Consumer Durables industry in Hong Kong. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.55, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 11x in the Consumer Durables industry in Hong Kong. Announcement • Dec 30
Huisen Household International Group Limited has completed an IPO in the amount of HKD 1.3275 billion. Huisen Household International Group Limited has completed an IPO in the amount of HKD 1.3275 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 750,000,000
Price\Range: HKD 1.77
Discount Per Security: HKD 0.04425
Transaction Features: Regulation S