Reported Earnings • Mar 26
Full year 2025 earnings released: CN¥0.055 loss per share (vs CN¥0.018 loss in FY 2024) Full year 2025 results: CN¥0.055 loss per share (further deteriorated from CN¥0.018 loss in FY 2024). Revenue: CN¥917.1m (down 10% from FY 2024). Net loss: CN¥59.1m (loss widened 213% from FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Tang Palace (China) Holdings Limited, Annual General Meeting, Jun 05, 2026 Tang Palace (China) Holdings Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 13
Tang Palace (China) Holdings Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Tang Palace (China) Holdings Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 New Risk • Oct 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% 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 Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (HK$306.5m market cap, or US$39.4m). Reported Earnings • Aug 31
First half 2025 earnings released: CN¥0.017 loss per share (vs CN¥0.003 profit in 1H 2024) First half 2025 results: CN¥0.017 loss per share (down from CN¥0.003 profit in 1H 2024). Revenue: CN¥464.9m (down 12% from 1H 2024). Net loss: CN¥18.2m (down CN¥21.5m from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Tang Palace (China) Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Tang Palace (China) Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jul 03
Tang Palace (China) Holdings Limited Appoints Ms. Weng Peihe as Member of the Nomination Committee, Effective July 1, 2025 The board of directors of Tang Palace (China) Holdings Limited announced that Ms. WENG Peihe (Ms. WENG), an executive director of the Company, has been appointed as a member of the nomination committee of the Company with effect from 1 July 2025. Ms. WENG's other position at the Board remains unchanged. Upcoming Dividend • Jun 11
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 25 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 26
Full year 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.039 profit in FY 2023) Full year 2024 results: CN¥0.018 loss per share (down from CN¥0.039 profit in FY 2023). Revenue: CN¥1.02b (down 9.1% from FY 2023). Net loss: CN¥18.9m (down 145% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 28
Dividend of HK$0.01 announced Shareholders will receive a dividend of HK$0.01. Ex-date: 18th June 2025 Payment date: 25th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Mar 27
Full year 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.039 profit in FY 2023) Full year 2024 results: CN¥0.018 loss per share (down from CN¥0.039 profit in FY 2023). Revenue: CN¥1.04b (down 7.0% from FY 2023). Net loss: CN¥18.9m (down 145% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Tang Palace (China) Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Tang Palace (China) Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Mar 03
Tang Palace (China) Holdings Limited Appoints Cheung Cho Kiu as Joint Company Secretary The board of directors of Tang Palace (China) Holdings Limited announced that Mr. Cheung Cho Kiu has been appointed as the joint company secretary of the Company with effect from 3 March 2025. Mr. Cheung Cho Kiu, aged 34, is currently chief financial officer of the Company. Mr. Cheung has over 10 years' experience in the accounting and auditing field. Mr. Cheung obtained a bachelor's degree of Business Administration in Professional Accounting from the Hong Kong University of Science and Technology in 2013. He is a member of the Hong Kong Institute of Certified Public Accountants. From January 2014 to October 2020, Mr. Cheung worked in Deloitte Touche Tohmatsu where he last served as manager in the assurance department. From October 2020 to March 2024, he initially joined the Company as the finance manager responsible for the overall management of the Group's finance and taxation functions. From April 2024 to February 2025, Mr. Cheung was the senior finance manager at GP Acoustics. Buy Or Sell Opportunity • Sep 10
Now 21% overvalued Over the last 90 days, the stock has fallen 38% to HK$0.24. The fair value is estimated to be HK$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.039 in 1H 2023) First half 2024 results: EPS: CN¥0.003 (down from CN¥0.039 in 1H 2023). Revenue: CN¥527.3m (down 10% from 1H 2023). Net income: CN¥3.38m (down 92% from 1H 2023). Profit margin: 0.6% (down from 7.1% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Aug 16
Tang Palace (China) Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Tang Palace (China) Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 08
Tang Palace (China) Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 Tang Palace (China) Holdings Limited announced at the AGM held on June 7, 2024, declaration of a final dividend for the year ended 31 December 2023 of 1.5 HK cents per share. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.015 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (7.6%). In line with average of industry peers (3.3%). Announcement • Mar 30
Tang Palace (China) Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 26 July 2024 Tang Palace (China) Holdings Limited proposed final dividend of HKD 0.015 per share for the year ended December 31, 2023. Ex-dividend date is 12 June 2024. Record date is 14 June 2024. Payment date is 26 July 2024. Date of shareholders' approval is 07 June 2024. Declared Dividend • Mar 29
Final dividend of HK$0.015 announced Shareholders will receive a dividend of HK$0.015. Ex-date: 12th June 2024 Payment date: 26th July 2024 Dividend yield will be 10.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (42% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 28
Tang Palace (China) Holdings Limited, Annual General Meeting, Jun 07, 2024 Tang Palace (China) Holdings Limited, Annual General Meeting, Jun 07, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.14 loss in FY 2022) Full year 2023 results: EPS: CN¥0.039 (up from CN¥0.14 loss in FY 2022). Revenue: CN¥1.16b (up 23% from FY 2022). Net income: CN¥41.7m (up CN¥192.6m from FY 2022). Profit margin: 3.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
Tang Palace (China) Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Tang Palace (China) Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Recent Insider Transactions • Jan 24
Founder & Executive Director recently bought HK$166k worth of stock On the 19th of January, Shu Ming Yip bought around 300k shares on-market at roughly HK$0.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Shu Ming's only on-market trade for the last 12 months. Announcement • Sep 15
Tang Palace (China) Holdings Limited Declares Interim Special Dividend, Payable on 17 November 2023 The Board of Tang Palace (China) Holdings Limited has resolved to declare an interim special dividend of HK 2.50 cents (2022: Nil) per ordinary share for the Period to shareholders whose names appear on the register of members of the Company on 15 September 2023. The interim special dividend is expected to be paid on 17 November 2023. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.025 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 17 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.079 loss in 1H 2022) First half 2023 results: EPS: CN¥0.039 (up from CN¥0.079 loss in 1H 2022). Revenue: CN¥588.3m (up 32% from 1H 2022). Net income: CN¥41.6m (up CN¥126.9m from 1H 2022). Profit margin: 7.1% (up from net loss in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Aug 25
Tang Palace (China) Holdings Limited Announces Interim Special Dividend for the Six Months Ended 30 June 2023, Payable on November 17, 2023 Tang Palace (China) Holdings Limited announced Interim special dividend of HKD 0.025 per share for the Six Months Ended 30 June 2023. Ex-dividend date 13 September 2023, Record date 15 September 2023 and Payment date 17 November 2023. Announcement • Aug 16
Tang Palace (China) Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023 Tang Palace (China) Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Aug 13
Tang Palace (China) Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Tang Palace (China) Holdings Limited announced that based on its preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the "Period"), in comparison with the loss attributable to owners of the Company of approximately RMB 85.3 million in the corresponding period of the previous year, the Group is expected to record a profit attributable to the owners of the Company for the Period ranging from approximately RMB 38 million to RMB 42 million. Announcement • Jun 10
Tang Palace (China) Holdings Limited Approves the Declaration of A Final Dividend for the Year Ended 31 December 2022 Tang Palace (China) Holdings Limited at the AGM held on June 9, 2023, approved the declaration of a final dividend for the year ended 31 December 2022 of 2.5 cents per share. Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.025 per share at 4.3% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 28 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 29
Full year 2022 earnings released: CN¥0.14 loss per share (vs CN¥0.038 profit in FY 2021) Full year 2022 results: CN¥0.14 loss per share (down from CN¥0.038 profit in FY 2021). Revenue: CN¥976.7m (down 28% from FY 2021). Net loss: CN¥150.9m (down 472% 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 75 percentage points per year, which is a significant difference in performance. Buying Opportunity • Nov 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be HK$0.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
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. 6 non-independent directors. Independent Non-Executive Director Chi-Keung Kwong was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 28
First half 2022 earnings released: CN¥0.079 loss per share (vs CN¥0.03 profit in 1H 2021) First half 2022 results: CN¥0.079 loss per share (down from CN¥0.03 profit in 1H 2021). Revenue: CN¥461.7m (down 35% from 1H 2021). Net loss: CN¥85.3m (down 364% from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Aug 16
Tang Palace (China) Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022 Tang Palace (China) Holdings Limited announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • Aug 13
Tang Palace (China) Holdings Provides Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of the Tang Palace (China) Holdings Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, according to a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 (the "Period"), the Group is expected to record a loss attributable to owners of the Company of not less than approximately RMB 80 million for the Period, compared to a profit attributable to owners of the Company of approximately RMB 32 million for the same period in 2021. Upcoming Dividend • Jun 08
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥0.038 (vs CN¥0.004 in FY 2020) Full year 2021 results: EPS: CN¥0.038 (up from CN¥0.004 in FY 2020). Revenue: CN¥1.36b (up 23% from FY 2020). Net income: CN¥40.6m (up CN¥36.2m from FY 2020). Profit margin: 3.0% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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 Chi-Keung Kwong was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 07
Insider recently bought HK$651k worth of stock On the 31st of March, Man Wai Chan bought around 998k shares on-market at roughly HK$0.65 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$1.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 12
Insider recently bought HK$597k worth of stock On the 8th of December, Man Wai Chan bought around 856k shares on-market at roughly HK$0.70 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.03 (vs CN¥0.062 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥714.5m (up 74% from 1H 2020). Net income: CN¥32.4m (up CN¥98.9m from 1H 2020). Profit margin: 4.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Tang Palace (China) Holdings Limited Declares Interim Special Dividend, Payable on November 9, 2021 The Board of Tang Palace (China) Holdings Limited resolved to declare an interim special dividend of 2.50 HK cents per ordinary share for the year ended June 30, 2021 to shareholders whose names appear on the register of members of the Company on 17 September 2021 against 2.00 HK cents per share a year ago. The interim special dividend is expected to be paid on 19 November 2021. Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 30 July 2021. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (0.9%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.004 (vs CN¥0.085 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.11b (down 26% from FY 2019). Net income: CN¥4.38m (down 95% from FY 2019). Profit margin: 0.4% (down from 6.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.004 (vs CN¥0.085 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.15b (down 23% from FY 2019). Net income: CN¥4.38m (down 95% from FY 2019). Profit margin: 0.4% (down from 6.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Mar 21
Tang Palace (China) Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2020 Tang Palace (China) Holdings Limited provided earnings guidance for the year ended December 31, 2020. For the year, the Group is expected to record a profit attributable to owners of the company of between RMB 1 million and RMB 5 million for the year ended December 31, 2020, compared to a profit attributable to owners of the company of approximately RMB 91 million for the year ended December 31, 2019. Announcement • Mar 17
Tang Palace (China) Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Tang Palace (China) Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 12
New 90-day high: HK$0.97 The company is up 43% from its price of HK$0.68 on 14 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: HK$0.84 The company is up 18% from its price of HK$0.71 on 29 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 Hospitality industry, which is up 11% over the same period. Announcement • Aug 13
Tang Palace (China) Holdings Limited to Report First Half, 2020 Results on Aug 24, 2020 Tang Palace (China) Holdings Limited announced that they will report first half, 2020 results on Aug 24, 2020