New Risk • Jan 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 200% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Market cap is less than US$10m (HK$31.7m market cap, or US$4.07m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Dec 24
Aeso Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 17.6 million. Aeso Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 17.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,441,825
Price\Range: HKD 0.11
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,558,175
Price\Range: HKD 0.11
Transaction Features: Rights Offering New Risk • Dec 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Market cap is less than US$10m (HK$11.5m market cap, or US$1.48m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Nov 30
First half 2026 earnings released: EPS: HK$0.05 (vs HK$0.054 in 1H 2025) First half 2026 results: EPS: HK$0.05 (down from HK$0.054 in 1H 2025). Revenue: HK$83.7m (down 29% from 1H 2025). Net income: HK$4.34m (down 7.3% from 1H 2025). Profit margin: 5.2% (up from 4.0% in 1H 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year. Announcement • Nov 14
Aeso Holding Limited to Report Q2, 2026 Results on Nov 28, 2025 Aeso Holding Limited announced that they will report Q2, 2026 results on Nov 28, 2025 Announcement • Sep 05
Aeso Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 17.6 million. Aeso Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 17.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 160,000,000
Price\Range: HKD 0.11
Transaction Features: Rights Offering Reported Earnings • Jul 23
Full year 2025 earnings released: EPS: HK$0.074 (vs HK$0.10 in FY 2024) Full year 2025 results: EPS: HK$0.074 (down from HK$0.10 in FY 2024). Revenue: HK$210.2m (down 12% from FY 2024). Net income: HK$5.91m (down 27% from FY 2024). Profit margin: 2.8% (down from 3.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Board Change • Jul 10
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. Executive Director Hiu Tung Cheung 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 • Jul 01
Aeso Holding Limited, Annual General Meeting, Sep 30, 2025 Aeso Holding Limited, Annual General Meeting, Sep 30, 2025. Announcement • Jun 16
Aeso Holding Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Aeso Holding Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 Board Change • Apr 22
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. Executive Director Hiu Tung Cheung 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. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (HK$17.9m market cap, or US$2.31m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Board Change • Dec 30
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. Executive Director Hiu Tung Cheung 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 • Dec 05
First half 2025 earnings released: EPS: HK$0.059 (vs HK$0.053 in 1H 2024) First half 2025 results: EPS: HK$0.059 (up from HK$0.053 in 1H 2024). Revenue: HK$118.0m (flat on 1H 2024). Net income: HK$4.68m (up 9.5% from 1H 2024). Profit margin: 4.0% (up from 3.7% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Aeso Holding Limited Announces Change of Company Secretary The board of directors of Aeso Holding Limited announced that Ms. Choi Mei Bik (‘Ms. Choi’) has tendered her resignation as the company secretary of the Company (the ‘ Company Secretary ‘) and ceased to act as an authorized representative of the Company (the ‘Authorized Representative’) for the purpose of Rule 5.24 of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’) with effect from 2 December 2024. Ms. Choi has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following the resignation of Ms. Choi, the Board announced that Ms. Tsui Mei Fung (‘Ms. Tsui’) has been appointed as the Company Secretary and the Authorized Representative with effect from 2 December 2024. Ms. Tsui holds a bachelor's degree in accounting, a master's degree in corporate governance and is an associate of The Hong Kong Chartered Governance Institute. Ms. Tsui has extensive experience in corporate secretarial field. New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (HK$12.4m market cap, or US$1.59m). Announcement • Nov 19
Aeso Holding Limited to Report First Half, 2025 Results on Nov 29, 2024 Aeso Holding Limited announced that they will report first half, 2025 results on Nov 29, 2024 Announcement • Aug 22
Aeso Holding Limited, Annual General Meeting, Sep 30, 2024 Aeso Holding Limited, Annual General Meeting, Sep 30, 2024, at 16:00 China Standard Time. Location: portion 2, 12/f, the center, 99 queen`s road central, Hong Kong New Risk • Jul 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (HK$12.6m market cap, or US$1.61m). Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: HK$0.10 (vs HK$0.10 in FY 2023) Full year 2024 results: EPS: HK$0.10 (down from HK$0.10 in FY 2023). Revenue: HK$239.7m (down 8.7% from FY 2023). Net income: HK$8.11m (down 1.8% from FY 2023). Profit margin: 3.4% (up from 3.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Jun 18
Aeso Holding Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 Aeso Holding Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Major Risk Market cap is less than US$10m (HK$11.8m market cap, or US$1.50m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Jan 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (HK$12.2m market cap, or US$1.57m). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Dec 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 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$18.3m market cap, or US$2.35m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: HK$0.04 (vs HK$0.03 in 2Q 2023) Second quarter 2024 results: EPS: HK$0.04 (up from HK$0.03 in 2Q 2023). Revenue: HK$65.1m (up 3.2% from 2Q 2023). Net income: HK$3.17m (up 32% from 2Q 2023). Profit margin: 4.9% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Aeso Holding Limited to Report First Half, 2024 Results on Nov 14, 2023 Aeso Holding Limited announced that they will report first half, 2024 results on Nov 14, 2023 Announcement • Aug 29
Aeso Holding Limited, Annual General Meeting, Sep 28, 2023 Aeso Holding Limited, Annual General Meeting, Sep 28, 2023, at 16:00 China Standard Time. Location: Portion 2, 12/F, the Center, 99 Queen's Road Central, Central Hong Kong Agenda: To receive, consider and adopt the audited Financial Statements of the Company for the year ended 31 March 2023 and the Reports of the Directors and the Auditors thereon; to re-appoint McMillan Woods (Hong Kong) CPA Limited as auditor of the Company and to authorise the board of directors of the Company to fix their remuneration; to re-elect Mr. Cheung Hiu Tung as an executive Director; to re-elect Ms. Lai Wing Sze as an independent non-executive Director; to authorise the Board to fix the Directors' remuneration; and to consider other matters. New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Market cap is less than US$10m (HK$13.8m market cap, or US$1.76m). Minor Risk Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: HK$0.014 (vs HK$0.016 in 1Q 2023) First quarter 2024 results: EPS: HK$0.014 (down from HK$0.016 in 1Q 2023). Revenue: HK$51.9m (down 3.2% from 1Q 2023). Net income: HK$1.11m (down 14% from 1Q 2023). Profit margin: 2.1% (down from 2.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Aug 03
Aeso Holding Limited to Report Q1, 2024 Results on Aug 14, 2023 Aeso Holding Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jul 01
Full year 2023 earnings released: EPS: HK$0.10 (vs HK$0.10 in FY 2022) Full year 2023 results: EPS: HK$0.10 (up from HK$0.10 in FY 2022). Revenue: HK$262.6m (up 21% from FY 2022). Net income: HK$8.26m (up 1.2% from FY 2022). Profit margin: 3.1% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Aeso Holding Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 Aeso Holding Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on Jun 30, 2023 Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: HK$0.03 (vs HK$0.013 loss in 3Q 2022) Third quarter 2023 results: EPS: HK$0.03 (up from HK$0.013 loss in 3Q 2022). Revenue: HK$85.7m (up 62% from 3Q 2022). Net income: HK$2.39m (up HK$3.43m from 3Q 2022). Profit margin: 2.8% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Aeso Holding Limited to Report Q3, 2023 Results on Feb 13, 2023 Aeso Holding Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Dec 01
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. 6 experienced directors. No highly experienced directors. Executive Director Hiu Tung Cheung 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 • Nov 20
Second quarter 2023 earnings released: EPS: HK$0.03 (vs HK$0.016 loss in 2Q 2022) Second quarter 2023 results: EPS: HK$0.03 (up from HK$0.016 loss in 2Q 2022). Revenue: HK$63.1m (up 79% from 2Q 2022). Net income: HK$2.39m (up HK$3.65m from 2Q 2022). Profit margin: 3.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Aeso Holding Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 September 2022 The board of directors of the Aeso Holding Limited announced that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 September 2022 and information currently available to the Board, the Group is expected to record a net profit by approximately HKD 3.7 million for the Reporting Period when compared to the loss of approximately HKD 2.0 million for the six months ended 30 September 2021. The expected significant increase in net profit as mentioned above was mainly attributable to the increase in the gross profit by approximately HKD 6.5 million of the Group during the Reporting Period as compared to the corresponding period in 2021, which was mainly due to a relatively larger amounts of tenders awarded in recent years and it leaded that more contract revenue was recognised during the Reporting Period as compared to the corresponding period in 2021. Announcement • Nov 04
Aeso Holding Limited to Report First Half, 2023 Results on Nov 14, 2022 Aeso Holding Limited announced that they will report first half, 2023 results on Nov 14, 2022 Announcement • Aug 30
Aeso Holding Limited, Annual General Meeting, Sep 30, 2022 Aeso Holding Limited, Annual General Meeting, Sep 30, 2022, at 16:00 China Standard Time. Location: Portion 2, 12/F, theCenter Queen’s Road Central Hong Kong Agenda: To receive, consider and adopt the audited Financial Statements of the Company for the year ended 31 March 2022 and the Reports of the Directors and the Auditors thereon;to consider to re-appoint McMillan Woods (Hong Kong) CPA Limited as auditor of the Company and to authorize the board of directors of the Company to fix their remuneration;to consider to re-elect Mr. Chan Siu Chung as an executive Director;to consider to re-elect Ms. Yu Wan Ki as an independent non-executive Director;to consider to authorize the Board to fix the Directors' remuneration. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: HK$0.016 (vs HK$0.01 loss in 1Q 2022) First quarter 2023 results: EPS: HK$0.016 (up from HK$0.01 loss in 1Q 2022). Revenue: HK$53.6m (up 31% from 1Q 2022). Net income: HK$1.28m (up HK$2.07m from 1Q 2022). Profit margin: 2.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Announcement • Aug 03
Aeso Holding Limited to Report Q1, 2023 Results on Aug 12, 2022 Aeso Holding Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jul 03
Full year 2022 earnings released: EPS: HK$0.10 (vs HK$0.13 loss in FY 2021) Full year 2022 results: EPS: HK$0.10 (up from HK$0.13 loss in FY 2021). Revenue: HK$218.0m (up 74% from FY 2021). Net income: HK$8.16m (up HK$13.8m from FY 2021). Profit margin: 3.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Announcement • Jul 01
Aeso Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2022 Aeso Holding Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2022. The Group is expected to record a net profit by approximately HKD 8.2 million for the Year when compared to the audited loss of approximately HKD 5.7 million for the year ended 31 March 2021. Announcement • Jun 16
Aeso Holding Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 Aeso Holding Limited announced that they will report fiscal year 2022 results at 4:00 PM, China Standard Time on Jun 30, 2022 Board Change • May 31
High number of new directors Executive Director Hiu Tung Cheung was the last director to join the board, commencing their role in 2019. Board Change • Apr 27
High number of new directors Executive Director Hiu Tung Cheung was the last director to join the board, commencing their role in 2019. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: HK$0.001 loss per share (up from HK$0.009 loss in 3Q 2021). Revenue: HK$53.0m (up 39% from 3Q 2021). Net loss: HK$1.05m (loss narrowed 68% from 3Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Aug 18
First quarter 2022 earnings released: HK$0.001 loss per share (vs HK$0.017 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: HK$40.8m (up 66% from 1Q 2021). Net loss: HK$786.0k (loss narrowed 77% from 1Q 2021). Reported Earnings • Jul 03
Full year 2021 earnings released: HK$0.013 loss per share (vs HK$0.14 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: HK$125.0m (down 38% from FY 2020). Net loss: HK$5.65m (loss narrowed 79% from FY 2020). Reported Earnings • Feb 12
Third quarter 2021 earnings released: HK$0.009 loss per share (vs HK$0.015 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: HK$38.1m (down 19% from 3Q 2020). Net loss: HK$3.24m (loss widened 4.6% from 3Q 2020). Announcement • Jan 30
Aeso Holding Limited to Report Q3, 2021 Results on Feb 11, 2021 Aeso Holding Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Dec 04
New 90-day high: HK$0.20 The company is up 125% from its price of HK$0.091 on 04 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is down 1.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: HK$0.019 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: HK$18.1m (down 66% from 2Q 2020). Net loss: HK$3.87m (down HK$4.31m from profit in 2Q 2020). Announcement • Nov 03
Aeso Holding Limited to Report First Half, 2021 Results on Nov 13, 2020 Aeso Holding Limited announced that they will report first half, 2021 results on Nov 13, 2020 Announcement • Aug 04
Aeso Holding Limited to Report Q1, 2021 Results on Aug 14, 2020 Aeso Holding Limited announced that they will report Q1, 2021 results on Aug 14, 2020 Announcement • Jun 17
Aeso Holding Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 Aeso Holding Limited announced that they will report fiscal year 2020 results on Jun 30, 2020 