Announcement • Mar 27
Dashan Education Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Dashan Education Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Nov 26
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 Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Significant insider selling over the past 3 months (HK$35m sold). Recent Insider Transactions • Oct 21
Chairman recently sold HK$318k worth of stock On the 20th of October, Hongjun Zhang sold around 118k shares on-market at roughly HK$2.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$998k. Hongjun has been a net seller over the last 12 months, reducing personal holdings by HK$746k. Reported Earnings • Sep 02
First half 2025 earnings released: CN¥0.057 loss per share (vs CN¥0.013 loss in 1H 2024) First half 2025 results: CN¥0.057 loss per share (further deteriorated from CN¥0.013 loss in 1H 2024). Revenue: CN¥41.5m (down 13% from 1H 2024). Net loss: CN¥43.2m (loss widened 336% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 15
Dashan Education Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Dashan Education Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Aug 01
Dashan Education Holdings Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 49.2 million. Dashan Education Holdings Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 49.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: HKD 1.23
Discount Per Security: HKD 0.00615
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Apr 29
Insider recently sold HK$5.1m worth of stock On the 24th of April, Xi Wang sold around 3m shares on-market at roughly HK$1.63 per share. This transaction amounted to 1.5% 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$23m more than they bought in the last 12 months. New Risk • Apr 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (HK$1.2m sold). Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.065 loss in FY 2023) Full year 2024 results: CN¥0.032 loss per share (improved from CN¥0.065 loss in FY 2023). Revenue: CN¥118.5m (up 116% from FY 2023). Net loss: CN¥24.9m (loss narrowed 50% from FY 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
Dashan Education Holdings Limited, Annual General Meeting, Jun 06, 2025 Dashan Education Holdings Limited, Annual General Meeting, Jun 06, 2025. Announcement • Mar 13
Dashan Education Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Dashan Education Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Recent Insider Transactions • Jan 17
Chairman recently sold HK$192k worth of stock On the 13th of January, Hongjun Zhang sold around 80k shares on-market at roughly HK$2.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$9.4m. This was Hongjun's only on-market trade for the last 12 months. Announcement • Aug 21
Dashan Education Holdings Limited, Annual General Meeting, Sep 12, 2024 Dashan Education Holdings Limited, Annual General Meeting, Sep 12, 2024, at 10:00 China Standard Time. Location: 19th floor, guoxin plaza, crossed of zhongzhou avenue and minghong road, jinshui district, zhengzhou, henan province, prc., China Announcement • Aug 02
Dashan Education Holdings Limited to Report First Half, 2024 Results on Aug 13, 2024 Dashan Education Holdings Limited announced that they will report first half, 2024 results on Aug 13, 2024 Announcement • Jul 17
Dashan Education Holdings Limited to Report Fiscal Year 2023 Results on Jul 29, 2024 Dashan Education Holdings Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on Jul 29, 2024 Announcement • Feb 14
Dashan Education Holdings Limited Announces Board Changes The board of directors of Dashan Education Holdings Limited announced that Ms. Wang Yanxiao is appointed as an independent non-executive Director of the Company with effect from 13 February 2023. Ms. Wang, aged 44, has had over 13 years of experience in the legal industry. She has been a partner at Henan Huiding Law Firm since December 2021. During the period from December 2009 to July 2016, she was a lecturer in legal studies of Luoyang Institute of Science and Technology. During the period from January 2010 to December 2015, Ms. Wang was a part-time lawyer at Henan Daxing Law Firm and she was a lawyer at Beijing Yingke Law Firm, Zhengzhou branch from January 2016 to November 2021. Ms. Wang obtained a bachelor degree majoring in fine chemical engineering from Jiangsu Institute of Petrochemical Technology in July 2000. In June 2006, Ms. Wang obtained a master of laws degree majoring in economic law from the Southwestern University of Finance and Economics. The Board announces that with effect from 13 February 2023: (a) Mr. Lui Siu Keung resigned as independent non-executive Director so as to devote more time to his other business commitments; and (b) Mr. Li Gang resigned as independent non-executive Director so as to devote more time to his other business commitments. The Board further announces that with effect from 13 February 2023: (a) Ms. Wang is appointed as a member of the audit committee, nomination committee, remuneration committee and investment management committee of the Company; (b) Mr. Lui resigned as the chairman of the audit committee and a member of the investment management committee of the Company; (c) Mr. Li resigned as a member of the audit committee, nomination committee, remuneration committee and investment management committee of the Company; and (d) Dr. Xie Xiangbing, an independent non-executive Director with the appropriate accounting or related financial management expertise as required under Rule 3.10(2) of the Listing Rules, is appointed as the chairman of the audit committee. Reported Earnings • Sep 02
First half 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.024 profit in 1H 2021) First half 2022 results: CN¥0.001 loss per share (down from CN¥0.024 profit in 1H 2021). Revenue: CN¥9.87m (down 95% from 1H 2021). Net loss: CN¥827.0k (down 104% from profit in 1H 2021). Announcement • Aug 20
Dashan Education Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 Dashan Education Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2022. for the period, the group is expected that the Group will record a loss and total comprehensive expense of not less than RMB 1.3 million for the Reporting Period, compared with a profit and total comprehensive income of approximately RMB 18.7 million for the six months ended 30 June 2021, mainly attributable to the decrease in revenue of the Group due to the closure of all of its self-operated teaching centres for primary and secondary after-school academic education services since March 2022 in response to, and in compliance with, the restrictions imposed on the business of the Group of the provision of primary and secondary after-school academic education services following the promulgation of the Opinion. Announcement • Aug 18
Dashan Education Holdings Limited to Report First Half, 2022 Results on Aug 29, 2022 Dashan Education Holdings Limited announced that they will report first half, 2022 results on Aug 29, 2022 Announcement • Aug 17
Dashan Education Holdings Limited Appoints Xie Xiangbing as Independent Non-Executive Director The board of directors of Dashan Education Holdings Limited announced that Dr. Xie Xiangbing (Dr. Xie) is appointed as an independent non-executive Director of the Company, a member of the audit committee, a member of the nomination committee, a member of the remuneration committee and a member of the investment management committee of the Company with effect from 16 August 2022. Dr. Xie, aged 43, has over 13 years of experience in the education and accounting industry. Dr. Xie is a doctorate degree-holder, professor in accounting and a tutor of the master's degree students at Henan University of Economics and Law. His main research areas are financial management, corporate taxation and corporate governance. He is currently the deputy director of academic affairs office and a professor in the School of Accounting at Henan University of Economics and Law. Dr. Xie served as the associate dean of the School of Accounting at Henan University of Economics and Law from April 2016 to September 2021 and a professor in the School of Accounting at Henan University of Economics and Law since December 2016. From November 2009 to December 2016, Dr. Xie worked as an associate professor in the School of Accounting at Henan University of Economics and Law. Dr. Xie obtained a bachelor degree majoring in accounting from Tiangong University in July 1999, a master degree majoring in accounting from Henan University of Economics and Law in July 2002 and a doctor's degree majoring in accounting from Shanghai University of Finance and Economics in June 2007. Announcement • May 12
Dashan Education Holdings Limited, Annual General Meeting, Jun 10, 2022 Dashan Education Holdings Limited, Annual General Meeting, Jun 10, 2022, at 10:00 China Standard Time. Location: 19th Floor, Guoxin Plaza, Crossroad of Zhongzhou Avenue and Minghong Road Jinshui Jinshui District Zhengzhou Henan Province China Agenda: To receive, consider and adopt the audited financial statements, the directors' report and the independent auditor's report of the Company for the year ended 31 December 2021;To consider Mr. Jia Shuilin as a non-executive Director; To consider Mr. Lui Siu Keung as an independent non-executive Director; To consider Mr. Li Gang as an independent non-executive Director; To authorize the board of Directors (the "Board") to fix the remuneration Directors;To re-appoint Deloitte Touche Tohmatsu as the auditor of the Company and to authorize the Board to fix their remuneration;and to discuss other matters. Board Change • Apr 27
High number of new directors Independent Non-Executive Director Siu Keung Lui was the last director to join the board, commencing their role in 2020. Announcement • Apr 26
Dashan Education Holdings Limited Announces Management Changes The board of Dashan Education Holdings Limited announced that with effect from 25 April 2022: Mr. Ma Wenhao has resigned as an executive Director and ceased to be an authorized representative of the Company for the purpose of Rule 3.05 of Listing Rules and a member of the Investment Management Committee; Ms. Yang Min has resigned as an independent non-executive Director and ceased to be a member of each of the Audit Committee, Nomination Committee and the Investment Management Committee; Mr. Zhang Hongjun will be appointed as an authorized representative of the company for the purpose of Rule 3.05 of Listing Rules; and Mr. Li Gang will be appointed as a member of the Nomination Committee. Reported Earnings • Apr 01
Full year 2021 earnings released: CN¥0.073 loss per share (vs CN¥0.003 profit in FY 2020) Full year 2021 results: CN¥0.073 loss per share (down from CN¥0.003 profit in FY 2020). Revenue: CN¥352.9m (up 6.0% from FY 2020). Net loss: CN¥56.4m (down CN¥58.5m from profit in FY 2020). Board Change • Dec 10
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO Hongjun Zhang is the most experienced director on the board, commencing their role in 2018. 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 12
Dashan Education Holdings Limited Closes 16 of Its Self-Operated Teaching Centres Dashan Education Holdings Limited announced that subsequent to the closure of 10 self-operated teaching centres as disclosed on 27 August 2021, the Group has further closed 16 of its self-operated teaching centres (the "Closed Centres") up to the date of this announcement. As at the date of this announcement, the Group has a total of 76 self-operated teaching centres remaining for its operation. The Group has reached various agreements with the respective landlords of the Closed Centres in relation to the termination of the lease agreements (the "Lease Termination Arrangements"). The Group will be partially refunded with the existing security deposit and prepayments for rents after the effective date of termination. Reported Earnings • Aug 31
First half 2021 earnings released: EPS CN¥0.024 (vs CN¥0.017 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¥216.1m (up 96% from 1H 2020). Net income: CN¥18.7m (up CN¥28.5m from 1H 2020). Profit margin: 8.6% (up from net loss in 1H 2020). Reported Earnings • Apr 26
Full year 2020 earnings released: EPS CN¥0.003 (vs CN¥0.086 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥333.0m (down 13% from FY 2019). Net income: CN¥2.05m (down 96% from FY 2019). Profit margin: 0.6% (down from 13% in FY 2019). Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.003 (vs CN¥0.086 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥333.0m (down 13% from FY 2019). Net income: CN¥2.05m (down 96% from FY 2019). Profit margin: 0.6% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Announcement • Mar 16
Dashan Education Holdings Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Dashan Education Holdings Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥1.02, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 22.1x. This compares to an average P/E of 17x in the Consumer Services industry in Hong Kong. Is New 90 Day High Low • Dec 29
New 90-day high: HK$0.95 The company is up 12% from its price of HK$0.85 on 30 September 2020. The Hong Kong market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Consumer Services industry, which is down 4.0% over the same period. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total profits of CN¥19.1m, down 59% from the prior year. Total revenue was CN¥319.8m over the last 12 months, down 5.0% from the prior year. Announcement • Aug 15
Dashan Education Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Dashan Education Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 17
Dashan Education Holdings Limited has completed an IPO in the amount of HKD 281.535 million. Dashan Education Holdings Limited has completed an IPO in the amount of HKD 281.535 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 225,228,000
Price\Range: HKD 1.25
Discount Per Security: HKD 0.05
Transaction Features: Regulation S 
