Announcement • Feb 21
Jiu Rong Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 31 December 2025 Jiu Rong Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 31 December 2025. For the period, the Group expects to record a loss attributable to owners of the Company not more than HKD 9.0 million, as compared with a loss attributable to owners of the Company of approximately HKD 20.8 million recorded for the six months ended 30 June 2024. The Board considered the reduction in loss was primarily attributable to the gain arising from the offsetting of payables through the disposal of 5.22% of the issued capital of Hangzhou East Software Park Co. Ltd. Announcement • Nov 25
Jiu Rong Holdings Limited, Annual General Meeting, Dec 19, 2025 Jiu Rong Holdings Limited, Annual General Meeting, Dec 19, 2025, at 10:00 China Standard Time. Location: flat 8, 49/f., office tower, convention plaza, no. 1 harbour road, wanchai, Hong Kong New Risk • Oct 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 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 Negative equity (-HK$236m). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (HK$60.2m market cap, or US$7.74m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 02
Full year 2025 earnings released: HK$0.037 loss per share (vs HK$0.073 loss in FY 2024) Full year 2025 results: HK$0.037 loss per share (improved from HK$0.073 loss in FY 2024). Revenue: HK$583.5m (up 21% from FY 2024). Net loss: HK$204.2m (loss narrowed 49% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Less than 1 year of cash runway based on free cash flow trend (-HK$408m free cash flow). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (HK$54.7m market cap, or US$7.04m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Sep 13
Jiu Rong Holdings Limited to Report Fiscal Year 2024 Final Results on Sep 19, 2025 Jiu Rong Holdings Limited announced that they will report fiscal year 2024 final results on Sep 19, 2025 Announcement • Sep 09
Jiu Rong Holdings Limited to Report 18 Months Period Ending Jun 30, 2025 Results on Sep 19, 2025 Jiu Rong Holdings Limited announced that they will report 18 months, period ending Jun 30, 2025 results on Sep 19, 2025 New Risk • Apr 22
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 15% 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$408m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (HK$54.7m market cap, or US$7.05m). Board Change • Apr 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. Independent Non-Executive Director Zheng Chen 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. Announcement • Mar 06
Jiu Rong Holdings Limited Announces Executive Changes Jiu Rong Holdings Limited announced that Ms. Chen Shan ("Ms. Chen") has tendered her resignation as Executive Director of the Company with effect from 6 March 2025 due to devotion to her personal business endeavours. Ms. Chen has confirmed that she has no disagreement with the Board and there is no circumstance connected with her resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the holders of securities of the Company. Ms. Liu Bingjie ("Ms. Liu") is appointed as Executive Director of the Company with effect from 6 March 2025. Ms. Liu, aged 42, holds a Bachelor of Arts degree in Chinese Language and Literature from Zhejiang University and is certified as an Intermediate Economist in Business Administration. She possesses extensive experience in securities investment, education training, and external liaison. Ms. Liu joined SOYEA Technology Co. Ltd. (stock code: 000909) ("SOYEA Technology") in March 2018, working in the General Office and Securities Investment Department. From July 2023 to May 2024, she served as an Investment Specialist in the Securities Investment Department of SOYEA Technology. In June 2024, she joined Jiu Rong New Energy Technology Co. Ltd., a wholly-owned subsidiary of the Group, as the Director of Asset Management Department. Mr. Yan Zhendong ("Mr. Yan") has been appointed as an Executive Director of the Company, effective from 6 March 2025. Mr. Yan, aged 43, holds a Bachelor's degree in Mechanical Design, Manufacturing, and Automation from Zhejiang University of Science and Technology and is a Senior Engineer. He possesses extensive expertise in structural design, system equipment, and the intelligent charging industry. Mr. Yan joined SOYEA Technology in August 2003 and has held various positions, including Structural Design Engineer, Head of the Structural Design Department, Director of the Battery Technology Research Institute, and General Manager of the System Equipment Division. He is currently the General Manager of the Smart Charging Division of SOYEA Technology. Mr. Yan Zhendong ("Mr. Yan") has been appointed as an Executive Director of the Company, effective from 6 March 2025. Mr. Yan, aged 43, holds a Bachelor's degree in Mechanical Design, Manufacturing, and Automation from Zhejiang University of Science and Technology and is a Senior Engineer. He possesses extensive expertise in structural design, system equipment, and the intelligent charging industry. Mr. Yan joined SOYEA Technology in August 2003 and has held various positions, including Structural Design Engineer, Head of the Structural Design Department, Director of the Battery Technology Research Institute, and General Manager of the System Equipment Division. He is currently the General Manager of the Smart Charging Division of SOYEA Technology. Reported Earnings • Mar 02
Full year 2024 earnings released: HK$0.008 loss per share (vs HK$0.07 loss in FY 2023) Full year 2024 results: HK$0.008 loss per share (improved from HK$0.07 loss in FY 2023). Revenue: HK$786.9m (up 67% from FY 2023). Net loss: HK$45.4m (loss narrowed 88% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. New Risk • Jan 03
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 Less than 1 year of cash runway based on free cash flow trend (-HK$422m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 83% per year over the past 5 years. Market cap is less than US$10m (HK$76.6m market cap, or US$9.85m). New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.6m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$422m free cash flow). Earnings have declined by 83% per year over the past 5 years. Market cap is less than US$10m (HK$76.6m market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Reported Earnings • Sep 28
First half 2024 earnings released: HK$0.004 loss per share (vs HK$0.001 loss in 1H 2023) First half 2024 results: HK$0.004 loss per share (further deteriorated from HK$0.001 loss in 1H 2023). Revenue: HK$365.6m (up 3.5% from 1H 2023). Net loss: HK$20.8m (loss widened 198% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 21
Jiu Rong Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Jiu Rong Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 28
Jiu Rong Holdings Limited, Annual General Meeting, Jul 22, 2024 Jiu Rong Holdings Limited, Annual General Meeting, Jul 22, 2024, at 14:30 China Standard Time. Location: flat 8, 49/f., office tower, convention plaza, no. 1 harbour road, wanchai, Hong Kong Reported Earnings • Jun 17
Full year 2023 earnings released: HK$0.07 loss per share (vs HK$0.016 loss in FY 2022) Full year 2023 results: HK$0.07 loss per share (further deteriorated from HK$0.016 loss in FY 2022). Revenue: HK$471.8m (down 44% from FY 2022). Net loss: HK$383.3m (loss widened 325% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Jun 17
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Zheng Chen is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 20
Jiu Rong Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Jiu Rong Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.001 loss per share (vs HK$0.004 loss in 1H 2022) First half 2023 results: HK$0.001 loss per share (improved from HK$0.004 loss in 1H 2022). Revenue: HK$353.4m (down 12% from 1H 2022). Net loss: HK$6.99m (loss narrowed 71% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Board Change • Sep 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Zheng Chen is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 25
Jiu Rong Holdings Limited Announces Executive Changes The board of directors of Jiu Rong Holdings Limited announced that: Mr. WONG Chi Kin has been appointed as an independent non-executive director of the Company, the chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination committee with effect from 24 August 2023. Mr. HUA Nengdong has been appointed as an independent non-executive director of the Company, the chairman of the Nomination Committee, a member of the Remuneration Committee and a member of the Audit Committee with effect from 24 August 2023. Mr. CHEN Zheng has been appointed as the chairman of the Remuneration Committee, ceased to be the chairman of the Nomination Committee, whilst remaining as a member of the Nomination Committee of the Company with effect from 24 August 2023. Mr. Wong Chi Kin ("Mr. Wong"), aged 49, has over 25 years of solid accounting, banking and corporate finance experience with reputable commercial banks and leading investment banks (including ING Bank, UBS and Morgan Stanley) as well as various companies in Hong Kong and the UK. Mr. Wong was appointed as deputy chief executive officer of Orient Victory Smart Urban Services Holding Limited ("Orient Victory"; formerly "Orient Victory Travel Group Company Limited") in July 2023. He was the chief financial officer of Orient Victory during the period from October 2014 to October 2018. Prior to joining Orient Victory, Mr. Wong held various management positions at China Qinfa Group Limited, including (i) deputy chief financial officer (from April 2011 to September 2011); (ii) chief financial officer (from September 2011 to October 2014); and (iii) company secretary and authorized representative (from July 2011 to August 2014). The issued shares of all the above-mentioned companies are listed on the Stock Exchange. Mr. Wong (i) was appointed as an independent non-executive Director and was re-designated to a non-executive Director of Tsui Wah Holdings Limited in November 2012 and in November 2016 respectively; (ii) was appointed as a non-executive director of Asiaray Media Group Limited in March 2017, mainly responsible for strategic mergers and acquisitions as well as capital market transactions and retired from such position in June 2023; and (iii) has been appointed as an independent non-executive director of each of Forgame Holdings Limited since May 2020 and Modern Chinese Medicine Group Co. Ltd. since April 2023. For the period from July 2018 to July 2019, given Mr. Wong's professional background and his areas of expertise, he was appointed as (i) the chairman of the independent board committee of Shenzhou Space Park Group Limited ("Shenzhou Space") whose shares were listed on the Stock Exchange and delisted in December 2019 under Rule 6.01A of the Listing Rules, and an independent non-executive director. Mr. Wong played curial roles in delivering independent advice on listing resumption proposal and corporate governance issues as well as providing guidance in the investigation of certain transactions throughout his appointment in Shenzhou Space and (ii) a member of the independent investigation committee of Mayer Holdings Limited whose shares are listed on the Stock Exchange and an independent non-executive director, for the period from November 2021 to February 2022. Mr. Wong obtained a Bachelor of Science (Honours) degree in Finance from the City University of Hong Kong in December 1996, a Certificate in Consecutive Interpretation: Putonghua/English from The School of Professional and Continuing Education of The University of Hong Kong in March 2001, a Master's degree in Practicing Accounting from the Monash University, Australia in November 2001, and a Master of Business Administration degree (Executive MBA Programme) from The Chinese University of Hong Kong in December 2010 (Dean's list: 2009/2010). Mr. Hua Nengdong ("Mr. Hua"), aged 58, graduated from the Department of Electrical Engineering of Shanghai Electric Power University (formerly Shanghai Electric Power Institute). Mr. Hua has rich professional knowledge in the power industry, high professional quality and practical experience in power electronics, power automation and GCPC (Grid Information Physics Integration System). He participated in the introduction of key technologies and complete systems for many major projects of power grid construction. Mr. Hua served as vice president of Zhejiang Dahua Technology Co. Ltd. from 2007 to 2010, and now serves as chairman of Zhejiang Xingwei Technology Co. Ltd. and director of Beijing Aerospace Linxiang Science and Technology Co. Ltd. New Risk • Aug 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.6m (US$9.77m) 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 Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (HK$76.6m market cap, or US$9.77m). Announcement • Aug 19
Jiu Rong Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Jiu Rong Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Zheng Chen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Jiu Rong Holdings Limited Announce Resignation of Siu Chi Ming as Executive Director, Company Secretary, the Authorised Representative of the Company and Member of Remuneration Committee with Effect from 30 June 2023 Jiu Rong Holdings Limited announced that Mr. Siu Chi Ming ("Mr. Siu") has tendered his resignation as Executive Director, Company Secretary, the Authorised Representative of the Company and member of remuneration committee with effect from 30 June 2023 due to devotion to his personal business development. Announcement • Jun 28
Jiu Rong Holdings Limited Announces Executive Changes The board of directors of Jiu Rong Holdings Limited announces that (1) Mr. Yuan Qian Fei ("Mr. Yuan") has resigned as independent non-executive director, chairman of the audit committee ("Audit Committee"), member of the nomination committee ("Nomination Committee") and the remuneration committee ("Remuneration Committee") of the Company witheffect from 28 June 2023 due to devotion to his personal business development; and (2) Mr. Wang ("Mr. Wang") has resigned as independent non-executive director, chairman of the Remuneration Committee, member of the Audit Committee and the Nomination committee with effect from 28 June 2023 due to devotion to his personal business development.Mr. Yuan and Mr. Wang have confirmed that they have no disagreement with the Board and there is no other matter in relation to their resignations that need to be brought to the attention of the shareholders of the Company. The Board takes this opportunity to express its gratitude to Mr. Yuan and Mr. Wang for their valuable contributions during their term of service with the Company. Following the resignation of Mr. Yuan and Mr. Wang, the Company has only one independent non- executive director, one member in Audit Committee which does not meet the requirement under Rule 3.10(1), Rule 3.10A and Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Company will identify suitable candidates for the position of independent non-executive directors of the Company, chairman and member of the Audit Committee, chairman and member of the Remuneration Committee and members of the Nomination Committee within three months from the effective date of resignation of Mr. Yuan and Mr. Wang to comply with the requirements of Rule 3.10(1), Rule 3.10A and Rule 3.21 of the Listing Rules. Further announcement will be made by the Company as and when appropriate. Board Change • May 26
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. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Zheng Chen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 26
Jiu Rong Holdings Limited, Annual General Meeting, Jun 29, 2023 Jiu Rong Holdings Limited, Annual General Meeting, Jun 29, 2023, at 11:00 China Standard Time. Location: Flat 8, 49/F., Office Tower, Convention Plaza, No. 1 Harbour Roa Wanchai Hong Kong Agenda: To receive and approve the audited consolidated financial statements and the reports of the directors (the "Directors") and auditor of the Company for the year ended 31 December 2022; to re-elect Mr. Chen Yunxiang as executive Director; to re-elect Ms. Chen Shan as executive Director; to re-elect Mr. Wang Ning as independent non-executive Director; and to discuss other matters. Announcement • May 20
Jiu Rong Holdings Limited Announces Board Changes Jiu Rong Holdings Limited announced that Mr. Zhao Jianhua has tendered his resignation as Executive Director and the Authorised Representative of the Company with effect from 20 May 2023 due to devotion to his personal business development. Mr. Zhao has confirmed that he has no disagreement with the Board and there is no circumstance connected with his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the holders of securities of the Company. Mr. Chen Yunxiang will be appointed as Executive Director and the Authorised Representative of the Company with effect from 20 May 2023. Mr. Chen, aged 51, graduated from the College of Adult Education, Zhejiang University with a degree in office automation and business computer. Mr. Chen has substantial experience in electronics industry and has a deep understanding of sales, marketing, network, conferences and exhibitions and the development of consumer electronics. Mr. Chen is the General Manager of the Smart Community Division of SOYEA Technology Co. Ltd. since April 2015. Save as disclosed above, Mr. Chen does not hold any position with the Company and its subsidiaries and does not hold any other major appointments or possess other major professional qualifications and has not held any position or directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years preceding the date of this announcement. Ms. Chen Shan ("Ms. Chen") will be appointed as Executive Director of the Company with effect from 20 May 2023. Ms. Chen, aged 40, graduated from the Zhejiang University of Finance and Economics with a diploma in accounting. Ms. Chen has substantial experience in accounting and finance. Ms. Chen is assistant to director of finance department of SOYEA Technology since May 2015 and promoted to deputy director of finance department since December 2021. Save as disclosed above, Ms. Chen does not hold any position with the Company and its subsidiaries and does not hold any other major appointments or possess other major professional qualifications and has not held any position or directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years preceding the date of this announcement. Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.016 loss per share (vs HK$0.003 profit in FY 2021) Full year 2022 results: HK$0.016 loss per share (down from HK$0.003 profit in FY 2021). Revenue: HK$837.9m (down 35% from FY 2021). Net loss: HK$90.2m (down HK$106.4m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Board Change • Oct 31
High number of new directors Executive Director Jianhua Zhao was the last director to join the board, commencing their role in 2022. Announcement • Sep 10
Jiu Rong Holdings Limited Announces Executive Changes The Board announces that Mr. Yin Jianwen tendered his resignation as Executive Director and Authorized Representative of the Company with effect from 10 September 2022 due to devotion to his personal business development. Mr. Zhao Jianhua will be appointed as Executive Director and Authorized Representative of the Company with effect from 10 September 2022. Mr. Zhao, aged 57, graduated from the Zhejiang Open University (formerly known as Zhejiang Radio and TV University) with a diploma in law. Mr. Zhao has substantial experience in electronics industry and has a deep understanding of sales, marketing, network, conferences and exhibitions and the development of consumer electronics. He is the general manager of Soyea Jiu Rong Technology Co. Ltd. Save as disclosed above, Mr. Zhao does not hold any position with the Company and its subsidiaries and does not hold any other major appointments or possess other major professional qualifications and has not held any position or directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years preceding the date of this announcement. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.004 loss per share (vs HK$0.003 profit in 1H 2021) First half 2022 results: HK$0.004 loss per share (down from HK$0.003 profit in 1H 2021). Revenue: HK$400.0m (down 60% from 1H 2021). Net loss: HK$23.8m (down 236% from profit in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
Jiu Rong Holdings Limited to Report First Half, 2022 Results on Aug 31, 2022 Jiu Rong Holdings Limited announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Aug 09
Jiu Rong Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 Jiu Rong Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2022. Based on a preliminary assessment on the unaudited consolidated management accounts of the Group, the board of directors of the Company wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a loss attributable to owners of the Company for the six months ended 30 June 2022 as compared to the net profit attributable to owners of the Company for the corresponding period in 2021, which was mainly caused by fair value loss of securities investments of approximately HKD 27,800,000. As the results for the six months ended 30 June 2022 have not been finalized, the information contained in this announcement is only a preliminary assessment by the Board based on information currently available including the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022. Board Change • Aug 02
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. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Zheng Chen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: HK$0.003 (vs HK$0.004 in FY 2020) Full year 2021 results: EPS: HK$0.003 (down from HK$0.004 in FY 2020). Revenue: HK$1.28b (up 78% from FY 2020). Net income: HK$16.3m (down 29% from FY 2020). Profit margin: 1.3% (down from 3.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% 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. Announcement • Mar 23
Jiu Rong Holdings Limited to Report Fiscal Year 2021 Results on Mar 31, 2022 Jiu Rong Holdings Limited announced that they will report fiscal year 2021 results on Mar 31, 2022 Reported Earnings • Sep 03
First half 2021 earnings released: EPS HK$0.003 (vs HK$0.004 in 1H 2020) The company reported a decent first half result with improved revenues, although earnings and profit margins were weaker. First half 2021 results: Revenue: HK$1.00b (up 342% from 1H 2020). Net income: HK$17.5m (down 20% from 1H 2020). Profit margin: 1.7% (down from 9.6% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS HK$0.004 (vs HK$0.005 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: HK$722.2m (up 19% from FY 2019). Net income: HK$22.9m (down 13% from FY 2019). Profit margin: 3.2% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 19% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS HK$0.004 (vs HK$0.005 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: HK$722.2m (up 19% from FY 2019). Net income: HK$22.9m (down 13% from FY 2019). Profit margin: 3.2% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 19% per year. Announcement • Mar 20
Jiu Rong Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 Jiu Rong Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total profits of HK$19.0m, down 72% from the prior year. Total revenue was HK$589.5m over the last 12 months, down 4.0% from the prior year. Announcement • Aug 20
Jiu Rong Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Jiu Rong Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020