New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 0.6% 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 0.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$554.7m market cap, or US$70.8m). Announcement • Apr 01
Sky Light Holdings Limited, Annual General Meeting, May 29, 2026 Sky Light Holdings Limited, Annual General Meeting, May 29, 2026. New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$504.3m market cap, or US$64.3m). Announcement • Mar 19
Sky Light Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Sky Light Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.5% 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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (HK$595.1m market cap, or US$76.1m). New Risk • Sep 30
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$82m sold). Reported Earnings • Aug 31
First half 2025 earnings released: HK$0.02 loss per share (vs HK$0.024 loss in 1H 2024) First half 2025 results: HK$0.02 loss per share (improved from HK$0.024 loss in 1H 2024). Revenue: HK$134.5m (down 3.3% from 1H 2024). Net loss: HK$20.5m (loss narrowed 17% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Aug 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$756.4m (US$97.0m) This is considered a minor 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: Minor Risks Significant insider selling over the past 3 months (HK$82m sold). Market cap is less than US$100m (HK$756.4m market cap, or US$97.0m). Announcement • Aug 19
Sky Light Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Sky Light Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.046 loss per share (vs HK$0.082 loss in FY 2023) Full year 2024 results: HK$0.046 loss per share (improved from HK$0.082 loss in FY 2023). Revenue: HK$296.4m (down 7.9% from FY 2023). Net loss: HK$46.9m (loss narrowed 43% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 155 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
Sky Light Holdings Limited, Annual General Meeting, May 30, 2025 Sky Light Holdings Limited, Annual General Meeting, May 30, 2025. Announcement • Mar 17
Sky Light Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Sky Light Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 27, 2025 Announcement • Jan 27
Sky Light Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2024 Sky Light Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the year, the Board (i) expects to record a decrease in revenue by approximately 6.4% for FY2024 as compared to the revenue for the year ended 31 December 2023 ("FY2023") of approximately HKD 322 million; and (ii) expects to record a net loss of not less than HKD 60 million for FY2024, as opposed to a net loss of approximately HKD 129 million in the corresponding period in 2023. The Board is of the view that the above decrease in revenue and net loss for FY2024 was mainly due to, among other things: the loss arising from the retailing business through AI vending machines, which was a discontinued operation for FY2024 of approximately HKD 18 million; and the global demand for consumer electronics products remained weak in 2024. Amid rising inflation, people's daily expenses significantly increased and they reduced their purchases of consumer electronics products. Announcement • Oct 08
Sky Light Holdings Limited Announces Change of Company Secretary The board of directors of Sky Light Holdings Limited announced that Mr. Chu Pui Ki Dickson (Mr. Chu) has tendered his resignation as the company secretary, with effect from 8 October 2024. The Board announced that Ms. Yeung Pui Yee Holly ("Ms. Yeung") has been appointed as the Company Secretary, an Authorised Representative and the Process Agent with effect from 8 October 2024. Ms. Yeung, aged 37, is an associate member of The Hong Kong Chartered Governance Institute since September 2024. She has over 8 years of experience in corporate finance, corporate governance and company secretarial matters. Ms. Yeung obtained a degree of Bachelor of Business Administration in Accounting in 2010 and a master degree of Science in Professional Accounting and Corporate Governance in 2024 from the City University of Hong Kong, respectively. Board Change • Oct 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. No experienced directors. 1 highly experienced director. Chairman, CEO & GM Terry Tang is the most experienced director on the board, commencing their role in 2013. 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 • Sep 14
Sky Light Holdings Limited Announces Board Changes Sky Light Holdings Limited announced that Mr. Shan Chuanlong ("Mr. Shan") has been redesignated from an executive Director to a non-executive Director with effect from 13 September 2024. Mr. Shan, aged 40, was appointed as an executive Director on 22 December 2022. After joining the Group, Mr. Shan has been principally responsible for the management of the overall operation of the intelligent vending machine business segment of the Group in Mainland China. As disclosed in the announcement of the Company dated 31 July 2024, the Group ceased to conduct the retailing business through operation of AI vending machines since 31 July 2024. Accordingly, the Board resolved at a meeting held on 13 September 2024 that (i) Mr. Shan would be redesignated from an executive Director to a non-executive Director with effect from 13 September 2024; and (ii) the director's fee of Mr. Shan would be adjusted from RMB240,000 per annum to nil with effect from 13 September 2024. From 2008 to 2014, Mr. Shan worked at Hubei Dongxin Group Company Limited () with last position as a manager. From 2014 to 2021, Mr. Shan worked at Siam Air Transport Company Limited with his last position as a Director of the China Market mainly responsible for the flight operations in Mainland China as well as the marketing research, business negotiation and promotion. Mr. Shan obtained a bachelor's degree in Japanese from the Wuhan University in 2008. The Board further announces that Mr. Liu Guofei ("Mr. Liu") has been appointed as an executive Director with effect from 13 September 2024. After joining the Group, Mr. Liu will be principally assisting Mr. Tang Wing Fong Terry, the Chairman of the Board, an executive Director and the chief executive officer of the Company, on the overall management of the business operations of the Group. Mr. Liu, aged 49, obtained a bachelor's degree of electromechanical engineering from Guangdong University of Technology in 1997 and a master degree of business administration from Columbia Southern University in 2003, respectively. He studied financial investment courses at Tsinghua Shenzhen Graduate School during the period from August 2007 to February 2009, and private equity investment and corporate listing courses at Peking University HSBC Business School during the period from April 2011 to October 2012. He has over 20 years of management experience in information technology, capital and investment and marketing sectors. In January 1999, Mr. Liu joined (Shenzhen Mingwah Aohan High Technology Corporation Ltd.) ("SZMA"), a company listed on GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (stock code 8301) since 7 July 2004. He served as an executive director of SZMA from July 2008 to February 2018, the chief executive officer of SZMA from October 2015 to February 2018, and an authorised representative and the compliance officer of SZMA from April 2017 to February 2018. Mr. Liu resigned as an executive director, the chief executive officer, an authorised representative and the compliance officer of SZMA with effect from 8 February 2018. SZMA was delisted on 6 December 2021. In April 2018, Mr. Liu joined () (Xinminghua Blockchain Technology (Shenzhen) Co. Ltd.) ("Xinminghua Blockchain") and has since been serving as the chairman of Xinminghua Blockchain up to present. From May 2022 to August 2022, Mr. Liu served as an executive director, a co-chairperson and the chief executive officer of China All Nation International Holdings Group Limited ("China All Nation"), a company listed on GEM of the Stock Exchange (stock code 8170) since 5 December 2014. Mr. Liu resigned as an executive director, a co-chairperson and the chief executive officer of China All Nation with effect from 19 August 2022. China All Nation was delisted on 19 July 2024. Announcement • Aug 15
Sky Light Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 Sky Light Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Aug 01
Wu Wenlin agreed to acquire 51% stake in Wuhan Show Life Convenience Store Co., Ltd. from Sky Light Holdings Limited (SEHK:3882) for HKD 0.50 million. Wu Wenlin agreed to acquire 51% stake in Wuhan Show Life Convenience Store Co., Ltd. from Sky Light Holdings Limited (SEHK:3882) for HKD 0.50 million on July 31, 2024. A cash consideration of HKD 0.5 million will be paid by the buyer. As part of consideration, HKD 0.5 million is paid towards common equity of Wuhan Show Life Convenience Store Co., Ltd. New Risk • Jun 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$635.4m (US$81.2m) This is considered a minor 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$98m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$635.4m market cap, or US$81.2m). New Risk • Apr 29
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$97m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Announcement • Mar 27
Sky Light Holdings Limited, Annual General Meeting, May 30, 2024 Sky Light Holdings Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: HK$0.082 loss per share (vs HK$0.025 loss in FY 2022) Full year 2023 results: HK$0.082 loss per share (further deteriorated from HK$0.025 loss in FY 2022). Revenue: HK$321.7m (down 23% from FY 2022). Net loss: HK$81.5m (loss widened 240% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 84% per year, which means it is well ahead of earnings. New Risk • Mar 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Significant insider selling over the past 3 months (HK$119m sold). Announcement • Mar 15
Sky Light Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Sky Light Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Board Change • Jan 02
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. No experienced directors. 1 highly experienced director. Chairman, CEO & GM Terry Tang is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 08
Sky Light Holdings Limited Announces Board Changes The board of directors of Sky Light Holdings Limited announced that Professor Jian Wang ("Professor Wang") has tendered his resignation from the position of an independent non-executive Director and will cease to be a member of each of the audit committee of the Company (the "Audit Committee"), the remuneration committee of the Company (the "Remuneration Committee") and the nomination committee of the Company (the "Nomination Committee"), respectively, with effect from 8 December 2023, so as to devote more time to his other engagements. The Board further announces that Mr. Lau Wai Leung Alfred ("Mr. Lau") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, respectively, with effect from 8 December 2023. Mr. Lau, aged 43, accumulated more than 20 years of working experience in accounting, corporate finance, debt restructuring and private equity investment. Mr. Lau was the company secretary of Risecomm Group Holdings Limited. Mr. Lau was a non-executive director of Risecomm from November 2017 to January 2019. He was subsequently re-designated as an executive director of Risecomm from January 2019 to June 2020 and was reappointed as an executive director from January 2021 to July 2023. Mr. Lau has been an independent non-executive director of Jianzhi Education Technology Group Company Limited, since August 2022, an independent non-executive director of Xinming China Holdings Limited, since 18 November 2021, and an independent non-executive director of Sau San Tong Holdings Limited, since December 2016. He was an independent non-executive director of C&D Newin Paper & Pulp Corporation Limited (formerly known as Samson Paper Holdings Limited), from July 2020 to May 2021 and he was re- designated as an executive director from May 2021 to January 2022. He obtained a bachelor's degree in business administration from the City University of Hong Kong in 2002. He is a member of the American Institute of Certified Public Accountants and a certified public accountant in Washington State of the United States of America. Announcement • Dec 01
Sky Light Holdings Limited Announces Change of Company Secretary The board of directors of Sky Light Holdings Limited announced that Ms. Xu Jing ("Ms. Xu") has tendered her resignation as the company secretary of the Company under Rule 3.28 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an authorized representative of the Company under Rule 3.05 of the Listing Rules, respectively, with effect from 1 December 2023. Ms. Xu confirmed that she has no disagreement with the Board in any respect and there is no matter relating to her resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board announced that Mr. Chu Pui Ki Dickson ("Mr. Chu") has been appointed as the company secretary and an authorized representative of the Company with effect from 1 December 2023. Mr. Chu, aged 39, is a member of the Hong Kong Institute of Certified Public Accountants since February 2011. He has over 10 years of relevant experience in accounting and auditing and has experience in tax, internal control matters and is holding the position of company secretary in other companies listed on the Stock Exchange. Mr. Chu graduated from the Hong Kong Baptist University in Hong Kong with a bachelor's degree of business administration in accounting in 2006. Mr. Chu is qualified to be the company secretary of the Company under Rule 3.28 of the Listing Rules by virtue of his membership with the Hong Kong Institute of Certified Public Accountants. New Risk • Nov 30
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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Market cap is less than US$100m (HK$726.2m market cap, or US$93.0m). Reported Earnings • Sep 14
First half 2023 earnings released: HK$0.04 loss per share (vs HK$0.002 profit in 1H 2022) First half 2023 results: HK$0.04 loss per share (down from HK$0.002 profit in 1H 2022). Revenue: HK$142.9m (down 46% from 1H 2022). Net loss: HK$39.0m (down HK$40.6m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 20
Sky Light Holdings Limited Provides Earing Guidance for the Six Months Ended 30 June 2023 Sky Light Holdings Limited provided earing guidance for the six months ended 30 June 2023. The Group expects to record a net loss of not more than approximately HKD 50 million, as opposed to a net loss of approximately HKD 2 million in the corresponding period in 2022. Announcement • Aug 18
Sky Light Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Sky Light Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Aug 10
Sky Light Holdings Limited Announces Resignation of Xu Jing as Chief Financial Officer The board of directors of Sky Light Holdings Limited announced that Ms. Xu Jing ("Ms. Xu") has tendered her resignation from the position of the chief financial officer with effect from 3 August 2023 to focus on the work in relation to the company secretary of the Company. Buying Opportunity • Aug 02
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be HK$1.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 71%. Board Change • Jun 06
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. No experienced directors. 1 highly experienced director. Chairman, CEO & GM Terry Tang is the most experienced director on the board, commencing their role in 2013. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 17
Sky Light Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 42 million. Sky Light Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 42 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: HKD 1.4
Transaction Features: Subsequent Direct Listing Buying Opportunity • May 15
Now 23% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be HK$1.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 71%. Buying Opportunity • Apr 24
Now 22% undervalued Over the last 90 days, the stock is up 5.7%. The fair value is estimated to be HK$1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 71%. Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.025 loss per share (vs HK$0.004 loss in FY 2021) Full year 2022 results: HK$0.025 loss per share (further deteriorated from HK$0.004 loss in FY 2021). Revenue: HK$417.1m (down 42% from FY 2021). Net loss: HK$24.0m (loss widened HK$20.1m from FY 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 01
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 Wan Man Lo was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 04
Sky Light Holdings Limited Announces Resignation of Lu Yongbin as Executive Director The board of directors of Sky Light Holdings Limited announced that Mr. Lu Yongbin has tendered his resignation from the position of an executive Director with effect from 3 February 2023 due to his decision to devote more time to focus on his other work commitments. Announcement • Jan 17
Sky Light Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 28.75 million. Sky Light Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 28.75 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: HKD 1.15
Transaction Features: Subsequent Direct Listing Board Change • Dec 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wan Man Lo was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 06
Independent Non-Executive Director recently sold HK$371k worth of stock On the 1st of December, Wah Keung Cheung sold around 250k shares on-market at roughly HK$1.48 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$3.4m more than they bought in the last 12 months. Board Change • Nov 16
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 Jian Wang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 13
CFO, Head of Finance Department recently sold HK$3.3m worth of stock On the 6th of September, Yongbin Lu sold around 4m shares on-market at roughly HK$0.85 per share. This transaction amounted to 100% 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 Yongbin's only on-market trade for the last 12 months. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: HK$0.002 (vs HK$0.009 loss in 1H 2021) First half 2022 results: EPS: HK$0.002 (up from HK$0.009 loss in 1H 2021). Revenue: HK$264.6m (down 17% from 1H 2021). Net income: HK$1.61m (up HK$9.79m from 1H 2021). Profit margin: 0.6% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Rikang Xie was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: HK$0.004 loss per share (up from HK$0.067 loss in FY 2020). Revenue: HK$715.1m (up 64% from FY 2020). Net loss: HK$3.85m (loss narrowed 94% from FY 2020). Revenue missed analyst estimates by 62%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year. Recent Insider Transactions • Jan 19
Chairman recently bought HK$152k worth of stock On the 12th of January, Wing Fong Tang bought around 830k shares on-market at roughly HK$0.18 per share. This was the largest purchase by an insider in the last 3 months. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$895k worth in shares. Recent Insider Transactions • Dec 14
Chairman recently bought HK$128k worth of stock On the 7th of December, Wing Fong Tang bought around 700k shares on-market at roughly HK$0.18 per share. In the last 3 months, they made an even bigger purchase worth HK$128k. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$1.3m worth in shares. Recent Insider Transactions • Nov 21
Chairman recently bought HK$128k worth of stock On the 16th of November, Wing Fong Tang bought around 700k shares on-market at roughly HK$0.18 per share. This was the largest purchase by an insider in the last 3 months. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$1.4m worth in shares. Reported Earnings • Aug 31
First half 2021 earnings released: HK$0.009 loss per share (vs HK$0.022 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$317.2m (up 101% from 1H 2020). Net loss: HK$8.18m (loss narrowed 60% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 12
Chairman recently bought HK$167k worth of stock On the 8th of June, Wing Fong Tang bought around 912k shares on-market at roughly HK$0.18 per share. This was the largest purchase by an insider in the last 3 months. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$6.6m worth in shares. Recent Insider Transactions • May 18
Chairman recently bought HK$167k worth of stock On the 12th of May, Wing Fong Tang bought around 900k shares on-market at roughly HK$0.19 per share. This was the largest purchase by an insider in the last 3 months. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$6.4m worth in shares. Reported Earnings • Apr 26
Full year 2020 earnings released: HK$0.067 loss per share (vs HK$0.088 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$437.1m (down 20% from FY 2019). Net loss: HK$64.0m (loss narrowed 22% from FY 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: HK$0.067 loss per share (vs HK$0.088 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$437.1m (down 20% from FY 2019). Net loss: HK$64.0m (loss narrowed 22% from FY 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 26
Chairman recently bought HK$154k worth of stock On the 20th of January, Wing Fong Tang bought around 700k shares on-market at roughly HK$0.22 per share. In the last 3 months, they made an even bigger purchase worth HK$205k. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$6.2m worth in shares. Is New 90 Day High Low • Jan 14
New 90-day low: HK$0.21 The company is down 16% from its price of HK$0.25 on 16 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 32% over the same period. Recent Insider Transactions • Jan 13
Chairman recently bought HK$113k worth of stock On the 6th of January, Wing Fong Tang bought around 480k shares on-market at roughly HK$0.23 per share. In the last 3 months, they made an even bigger purchase worth HK$205k. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$5.9m worth in shares. Recent Insider Transactions • Dec 24
Chairman recently bought HK$124k worth of stock On the 17th of December, Wing Fong Tang bought around 490k shares on-market at roughly HK$0.25 per share. In the last 3 months, they made an even bigger purchase worth HK$205k. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$5.7m worth in shares. Recent Insider Transactions • Dec 05
Chairman recently bought HK$205k worth of stock On the 1st of December, Wing Fong Tang bought around 800k shares on-market at roughly HK$0.26 per share. This was the largest purchase by an insider in the last 3 months. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$5.9m worth in shares. Recent Insider Transactions • Sep 29
Chairman recently bought HK$181k worth of stock On the 23rd of September, Wing Fong Tang bought around 700k shares on-market at roughly HK$0.26 per share. In the last 3 months, they made an even bigger purchase worth HK$2.3m. Wing Fong has been a buyer over the last 12 months, purchasing a net total of HK$5.8m worth in shares.