Reported Earnings • Apr 01
Full year 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.32 loss in FY 2024) Full year 2025 results: CN¥0.14 loss per share (improved from CN¥0.32 loss in FY 2024). Revenue: CN¥17.8b (down 9.9% from FY 2024). Net loss: CN¥200.3m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Lianhua Supermarket Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026 Lianhua Supermarket Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Jan 06
Lianhua Supermarket Holdings Co., Ltd. Announces Resignation of Zhu Ding-Ping as Executive Director, Effective 5 January 2026 The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that Mr. Zhu Ding-ping ("Mr. Zhu") has tendered his resignation to the Board as an executive Director and the executive deputy general manager of the Company due to other work commitments. The resignation of Mr. Zhu takes effect from 5 January 2026. Mr. Zhu has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.049 loss in 1H 2024) First half 2025 results: EPS: CN¥0.031 (up from CN¥0.049 loss in 1H 2024). Revenue: CN¥9.59b (down 12% from 1H 2024). Net income: CN¥42.2m (up CN¥97.1m from 1H 2024). Profit margin: 0.4% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Announcement • Aug 15
Lianhua Supermarket Holdings Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Lianhua Supermarket Holdings Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 20
Lianhua Supermarket Holdings Co., Ltd. Appoints Wang Xiao-Yan as A Member of the Nomination Committee, with Effect from 19 June 2025 The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that, for the purpose of complying with the revised Corporate Governance Code as set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to be effective from 1 July 2025, Ms. Wang Xiao-yan ("Ms. Wang"), an executive director of the Company, has been appointed as a member of the nomination committee of the Company with effect from 19 June 2025. Ms. Wang currently serves as an executive director and the vice chairman of the Company and is a member of the strategic committee of the Company and the chairman of the environmental, social and governance committee of the Company. The Board believes that her extensive experience, expertise, professionalism and global perspective will make valuable contributions to the diversity of the Board. Announcement • May 30
Lianhua Supermarket Holdings Co., Ltd., Annual General Meeting, Jun 19, 2025 Lianhua Supermarket Holdings Co., Ltd., Annual General Meeting, Jun 19, 2025, at 09:30 China Standard Time. Location: conference room, 13th floor, bailian central plaza, 1258 zhen guang lu, shanghai China New Risk • Apr 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$540.1m market cap, or US$69.5m). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.71 loss in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.71 loss in FY 2023). Revenue: CN¥19.7b (down 9.7% from FY 2023). Net loss: CN¥358.8m (loss narrowed 55% from FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Lianhua Supermarket Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Lianhua Supermarket Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Jan 07
Lianhua Supermarket Holdings Co., Ltd. Announces Board Changes The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that, due to other work arrangements, Mr. Wong Tak Hung has tendered his resignation as a non-executive director of the Company. The above resignation of Mr. Wong became effective at the time when the appointment of the new executive director was approved at the Meeting on 7 January 2025. The Board announced that Mr. Zhu Ding-ping has been appointed as an executive director of the Board of the Company for an initial term commencing from 7 January 2025 until the conclusion of the next general meeting of the Company and shall be eligible for re-election. The Board further announced that, with effect from 7 January 2025, Mr. Zhu has been appointed as the executive deputy general manager of the Company. The above appointments of Mr. Zhu becomes effective after such appointments were approved at the Meeting (Effective Date). Mr. Zhu Ding-ping, aged 48, holds a Master of Business Administration in Business Administration for Senior Executives from Jinan University. From July 1996 to December 2006, Mr. Zhu worked in Guangdong Minglin Pharmaceutical Co., Ltd. was responsible for the China brand promotion and sales of Hong Kong Nin Jion Medicine, and successively served as regional, large-regional and headquarters sales director. From February 2007 to July 2017, Mr. Zhu worked in Health and Happiness (H&H) International Holdings Limited, and successively served as Biostime national senior sales director, Biostime brand division general manager, China general manager. From August 2017 to February 2021, Mr. Zhu served as the executive president of H&H Holdings for baby nutrition and care products and China region. From March 2021 to August 2021, Mr. Zhu served as CEO of Hangzhou COCO Healthcare Products Co., Ltd. From September 2021 to February 2024, Mr. Zhu worked in Mead Johnson China business group, and successively served as chairman and general manager of Mead Johnson Nutrition (China) Co., Ltd. Mead Johnson Infant Nutrition R&D Center (China) Co., Ltd., Mead Johnson Infant Nutrition Technology (Guangzhou) Co., Ltd., Mead Johnson E-Commerce Technology (Guangzhou) Co., Ltd., Mead Johnson Dairy (Tianjin) Co., Ltd., and Tianjin Mengyang Biotechnology Co., Ltd. and president of Mead Johnson China business group. From March 2024 to December 2024, Mr. Zhu served as the senior advisor of Mead Johnson China business group. Mr. Zhu was elected as an executive director of the Company at the Meeting for an initial term from the Effective Date until the conclusion of the next general meeting of the Company and shall be eligible for re-election, subject however to the articles of association of the Company. Announcement • Dec 05
Lianhua Supermarket Holdings Co., Ltd Announces Board and Committee Changes The Board of Lianhua Supermarket Holdings Co., Ltd. announced that Ms. Zhang Shen-yu has tendered her resignation as a non-executive director, member of the strategic committee and member of the environmental, social and governance committee of the Company due to her other work arrangements. The above resignation of Ms. Zhang became effective at the time when the appointment of the new non-executive director was approved at the Meeting held on 5 December 2024. Ms. Zhang confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the Shareholders and/or the Stock Exchange. The Board has convened a meeting (the "Meeting") on 5 December 2024 in accordance with the requirements of the Company Law and the Articles of Association. The Board announced that Mr. Cao Hai-lun ("Mr. Cao") has been appointed as a non-executive director of the Board, member of the strategic committee and member of the environmental, social and governance committee for an initial term commencing from 5 December 2024 until the conclusion of the next annual general meeting of the Company and shall be eligible for re-election. The above appointments of Mr. Cao became effective after such appointments were approved at the Meeting. The Board is pleased to further announce that Ms. Wang Xiao-yan has been appointed as vice chairman of the Board and chairman of the environmental, social and governance committee for an initial term commencing from 5 December 2024 until the conclusion of the next annual general meeting of the Company. Announcement • Nov 27
Lianhua Supermarket Holdings Co., Ltd. Announces Change of General Manager The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that, due to impending retirement, Mr. Chong Xiao-bing (Mr. Chong) has tendered his resignation as general manager of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The above resignation of Mr. Chong became effective at the time when the appointments of the new general manager was approved at the Meeting held on 27 November 2024. Mr. Chong confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board announced that with effect from 27 November 2024, Ms. Wang Xiao-yan (Ms. Wang) has been appointed as the general manager of the Company. The above appointment of Ms. Wang became effective after such appointments were approved at the Meeting (Effective Date). The above resignation of Ms. Zhang became effective at the Meeting held on 27 November 2024. Ms. Zhang confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company and/or the Stock Exchange. Ms. Wang Xiao-yan, aged 51, holds a bachelor's degree in Laws majoring in administrative management from the International Politics Department of Fudan University and is a senior economist. From July 1996 to April 2004, Ms. Wang worked for Shanghai Yibai (Group) Co., Ltd. From April 2004 to March 2018, Ms. Wang worked for Shanghai Bailian Group Co., Limited, where she served successively as the deputy general manager of Huxi Shopping Centre and Orient Shopping Centre, the general manager and the secretary of the party general branch of Orient Shopping Center Nandong Store and the assistant to the general manager and deputy general manager of Shanghai Bailian. Since March 2018, Ms. Wang has been working in Bailian Omni-channel E-commerce Co., Ltd. as chief operating officer, deputy general manager, executive deputy general manager, general manager, the party secretary and general manager successively. From February to November 2024, Ms. Wang was concurrently the senior director of the commercial internet department of Bailian Group Co., Ltd. Ms. Wang has extensive experience in offline store management and online digital management in large business enterprises. Ms. Wang was elected as an executive director of the Company at the Meeting for an initial term from the Effective Date until the conclusion of the annual general meeting of the Company to be held in 2025, subject however to the articles of association of the Company. Ms. Wang will not enter into a service contract with the Company, and she will not be entitled to any director's fee. Ms. Wang shall be entitled to remuneration and discretionary bonus per annum for her other positions in the Group, which shall be determined in accordance with the remuneration policy of the Company approved by the shareholders of the Company. New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (HK$492.6m market cap, or US$63.3m). Announcement • Sep 24
Lianhua Supermarket Holdings Co., Ltd. Announces Board and Committee Changes The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that, due to change of work arrangements, Ms. Hu Xiao has tendered her resignation as a non-executive director and the member of the strategic committee of the Company. The above resignation of Ms. Hu became effective at the time when the appointment of the new non-executive director was approved at the Meeting on 24 September 2024. Ms. Hu has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Shen Chen (Note) has been appointed as a non-executive director and a member of the strategic committee of the Company for an initial term commencing from 24 September 2024 until the conclusion of the next general meeting of the Company and shall be eligible for re-election. The above appointments of Ms. Shen becomes effective after such appointments were approved at the Meeting ("Effective Date"). Reported Earnings • Sep 04
First half 2024 earnings released: CN¥0.049 loss per share (vs CN¥0.10 loss in 1H 2023) First half 2024 results: CN¥0.049 loss per share (improved from CN¥0.10 loss in 1H 2023). Revenue: CN¥10.9b (down 7.4% from 1H 2023). Net loss: CN¥54.8m (loss narrowed 53% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year and the company’s share price has also fallen by 27% per year. Announcement • Aug 15
Lianhua Supermarket Holdings Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Lianhua Supermarket Holdings Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 25
Lianhua Supermarket Holdings Co., Ltd. Announces Board and Committee Changes The Board of Lianhua Supermarket Holdings Co., Ltd. announced that, due to impending retirement, Mr. Dong Xiao-chun has tendered his resignation as a non-executive director, and the member of the audit committee of the Company. The Board also announced that Ms. Yang Qin has been appointed as a non-executive director, and the member of the audit committee of the Company for an initial term commencing from 24 May 2024 until the conclusion of the annual general meeting of the Company to be held on 20 June 2024 and shall be eligible for re-election. The above appointments of Ms. Yang becomes effective after such appointments were approved at the Meeting. Since Ms. Yang is currently holding senior position in Shanghai Bailian, she will not be included as a member of the Whitewash Waiver IBC upon appointment as non-executive Director and there will be no change to the composition of the Whitewash Waiver IBC. Announcement • May 08
Lianhua Supermarket Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024 Lianhua Supermarket Holdings Co., Ltd., Annual General Meeting, Jun 20, 2024, at 09:30 China Standard Time. Location: the Conference Room, 13th Floor, Bailian Central Plaza, 1258 Zhen Guang Lu Shanghai Shanghai Province China Agenda: To approve the work report of the board of directors of the Company (the "Board") for the year ended 31 December 2023; to approve the work report of the supervisory committee of the Company (the "Supervisory Committee") for the year ended 31 December 2023; to approve the consolidated audited financial statements of the Company and the report of the international auditors for the year ended 31 December 2023; to approve the profit distribution proposal of the Company for the year ended 31 December 2023 for not distributing final dividend; and to consider other matters. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.71 (vs CN¥0.19 loss in FY 2022) Full year 2023 results: EPS: CN¥0.71. Revenue: CN¥21.8b (down 12% from FY 2022). Net loss: CN¥791.3m (loss widened 274% from FY 2022). Announcement • Mar 12
Lianhua Supermarket Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Lianhua Supermarket Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.10 loss per share (vs CN¥0.012 profit in 1H 2022) First half 2023 results: CN¥0.10 loss per share (down from CN¥0.012 profit in 1H 2022). Revenue: CN¥11.8b (down 13% from 1H 2022). Net loss: CN¥116.5m (down CN¥130.2m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Lianhua Supermarket Holdings Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Lianhua Supermarket Holdings Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jun 16
Lianhua Supermarket Holdings Co., Ltd. Announces Board Changes Lianhua Supermarket Holdings Co., Ltd. announced the appointment of Ms. Xu Xiao-yi and Ms. Leung Shui Bing as the joint company secretaries of the Company. Board announces that Ms. Xu has been appointed by the Board as the company secretary of the Company with effect from 2 July 2023, and Ms. Leung has resigned as the joint company secretary of the Company with effect from 2 July 2023. Biographical details of Ms. Xu are as follows: Ms. Xu, aged 45, currently serves as the chief financial officer, the secretary of the Board, joint company secretary, the authorised representative of the Company under Rule 3.05 of the Listing Rules and the authorised representative of the e-submission system of the Stock Exchange. Ms. Xu is a senior accountant and certified public accountant, holds a master's degree in Business Administration from Shanghai University of Finance and Economics. Ms. Xu successively served as the head of the finance department of Shanghai Friendship Department Store Co., Ltd. and the head of the finance department of the shopping center division of Bailian Group Co., Ltd. ("Bailian Group"). From February 2006 to August 2019, she worked in Shanghai Bailian Group Co., Limited and successively served as the manager of the tax management department of the finance headquarters, assistant to the director of the audit center, deputy director of the audit center, director of the audit center and director of the audit and risk control department. She served as the executive deputy director of the financial management department of Bailian Group from August 2019 to May 2020. Ms. Xu was appointed as a joint company secretary of the Company on 2 July 2020 and was appointed as the chief financial officer of the Company on 8 July 2022. Reported Earnings • Mar 30
Full year 2022 earnings released: CN¥0.19 loss per share (vs CN¥0.38 loss in FY 2021) Full year 2022 results: CN¥0.19 loss per share (improved from CN¥0.38 loss in FY 2021). Revenue: CN¥24.7b (flat on FY 2021). Net loss: CN¥211.7m (loss narrowed 50% from FY 2021). Like-for-like sales growth: 4.0% vs FY 2021 Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Xin-Sheng Zhao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.018 in 1H 2021) First half 2022 results: EPS: CN¥0 (down from CN¥0.018 in 1H 2021). Revenue: CN¥13.6b (up 2.6% from 1H 2021). Net income: CN¥13.7m (down 32% from 1H 2021). Profit margin: 0.1% (down from 0.2% in 1H 2021). Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Xin-Sheng Zhao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: CN¥0.38 (vs CN¥0.28 loss in FY 2020) Full year 2021 results: EPS: CN¥0.38. Revenue: CN¥24.8b (down 6.0% from FY 2020). Net loss: CN¥422.8m (loss widened 32% from FY 2020). Over the next year, revenue is forecast to grow 15%, compared to a 21% growth forecast for the retail industry in Hong Kong. Reported Earnings • Sep 20
First half 2021 earnings released: EPS CN¥0.018 (vs CN¥0.052 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥13.2b (down 5.7% from 1H 2020). Net income: CN¥20.1m (down 66% from 1H 2020). Profit margin: 0.2% (down from 0.4% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Executive Departure • Apr 30
GM & Executive Director has left the company On the 23rd of April, Tao Xu's tenure as GM & Executive Director ended after 3.6 years in the role. We don't have any record of a personal shareholding under Tao's name. A total of 4 executives have left over the last 12 months. Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥26.3b (up 1.8% from FY 2019). Net loss: CN¥319.3m (loss narrowed 16% from FY 2019). Is New 90 Day High Low • Feb 12
New 90-day high: HK$1.46 The company is up 28% from its price of HK$1.14 on 13 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: HK$1.38 The company is up 17% from its price of HK$1.18 on 30 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: HK$1.15 The company is down 19% from its price of HK$1.42 on 08 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 28% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total losses of CN¥363.9m, with losses widening by 69% from the prior year. Total revenue was CN¥26.4b over the last 12 months, up 2.4% from the prior year. 
