Announcement • May 28
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report Fiscal Year 2024 Final Results on Jun 09, 2025 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report fiscal year 2024 final results at 4:00 PM, China Standard Time on Jun 09, 2025 New Risk • Apr 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (HK$159.0m market cap, or US$20.4m). New Risk • Mar 31
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 14% 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 (14% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$177.0m market cap, or US$22.8m). Announcement • Mar 18
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Board Change • Feb 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Zhuo Zhang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 03
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 17% 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 (17% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$258.0m market cap, or US$33.2m). Announcement • Jan 02
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited Announces Board Changes Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that as disclosed in the Announcement and the Circular, the Board has resolved to propose to change the composition of the Board by reason, among others, that some Directors are unable to perform their duties as Directors because of the bankruptcy liquidation proceedings of Botai Group and Liantai Guangchang. The Directors who are unable to perform their duties are Mr. WL Bo, Ms. Bai, and Mr. NB Bo. They are unable to perform their duties as Directors because each of the aforesaid three Directors is a shareholder of Botai Group and Liantai Guangchang and Mr. NB Bo, who is an executive director of Botai Group and a supervisor of Liantai Guangchang, is currently dealing with the bankruptcy liquidation of Botai Group and Liantai Guangchang and hence unable to perform his duty as a Director of the Company. Hence, they have resigned as the Directors of the Company. Mr. Zhang Yi, who is an executive Director, resigned as a Director so as to dedicate additional time and energy as the manager of the customer service department of the Company, being the other position he is holding in the Company, to focus on the Group's business expansion; in view of the restructure of the Board and the Board of Supervisors of the Company, Ms. Wang, who is an independent non-executive Director, has resigned as a Director in order to take up the position as a shareholder representative Supervisor. Ms. Lu Lu, who is unable to perform the duty as an employee representative Supervisor for her intention to return to her family to take care of her child who will attend the forthcoming college entrance examination, has tendered her resignation to the Company; given Ms. Li's employer, the School of Economics and Management of Nanjing Institute of Industry Technology, is terminating any off-school duties of its faculty members, Ms. Li has resigned as a shareholder representative Supervisor of the Company. Announcement • Oct 14
Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited Announces Resignation of Mr. Xu Xuechuan as Independent Non-Executive Director and Cessation as Chairman of the Audit Committee and Remuneration Committee of the Board Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that Mr. Xu Xuechuan tendered his resignation as an independent non-executive Director on 11 October 2024 as he would like to devote his attention to other matters. Upon his resignation, Mr. Xu ceased to be the chairman of the audit committee of the Board the Audit Committee and a member of the remuneration committee of the Board. Following the resignation of Mr. Xu, the Board comprises three executive Directors two non-executive Directors and two independent non-executive Directors. Announcement • Aug 14
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report First Half, 2024 Results on Aug 23, 2024 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • Apr 24
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). Earnings have declined by 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$282.0m market cap, or US$36.0m). Announcement • Mar 23
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited, Annual General Meeting, Jun 07, 2024 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited, Annual General Meeting, Jun 07, 2024, at 10:00 China Standard Time. Location: 2/F, No. 1 Hongqi Avenue, Jiangwang Town, Hanjiang District, Yangzhou City Jiangsu Province China Announcement • Mar 13
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Announcement • Jan 19
Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited Announces Management Changes The board of directors of Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that Ms. Zhou Yinqing, Mr. Zuo Yuchao, Mr. Chan So Kuen, Mr. Bao Zhenqiang and Mr. Wu Xiankun have retired as Directors upon the end of the term of the sixth session of the Board on 19 January 2024. Each of Ms. Zhou Yinqing, Mr. Zuo Yuchao, Mr. Chan So Kuen, Mr. Bao Zhenqiang, and Mr. Wu Xiankun has confirmed that he/she has no disagreement with the Board and the Company, and that there is no other matter relating to his/her retirement that needs to be brought to the attention of the shareholders of the Company. As approved at the AGM, the seventh session of the Board comprises three executive Directors, namely Mr. Bo Wanlin, Ms. Bai Li and Mr. Zhang Yi; two non-executive Directors, namely Mr. Bo Nianbin and Mr. Zhang Zhuo; and three independent non-executive Directors, namely Mr. Xu Xuechuan, Ms. Zhang Lingling and Ms. Wang Chunhong. The term of the seventh session of the Board will be three years and has commenced on 19 January 2024. The compositions of the audit committee of the Company, the nomination committee of the Company, and the remuneration committee of the Company upon the commencement of the seventh session of the Board on 19 January 2024 are as follows: Audit Committee: Mr. Xu Xuechuan (Chairman); Ms. Zhang Lingling and Ms. Wang Chunhong. Nomination Committee: Mr. Bo Wanlin (Chairman); Ms. Zhang Lingling and Ms. Wang Chunhong. Remuneration Committee: Ms. Zhang Lingling (Chairlady); Mr. Xu Xuechuan and Ms. Wang Chunhong. Ms. Wang Chunhong and Mr. Zhang Yi have retired as the supervisors of the Company upon the end of the term of the sixth session of the board of Supervisors on 19 January 2024. As approved at the AGM and the meeting of representatives of employees of the Company held on 20 December 2023, the seventh session of the Board of Supervisors will comprise three Supervisors, namely Ms. Li Guoyan, Mr. Wu Xiankun and Ms. Lu Lu. The term of the seventh session of the Board of Supervisors will be three years and has commenced on 19 January 2024. Ms. Lu Lu, aged 43, holds a bachelor's degree in finance from the Nanjing Audit Institute (currently known as Nanjing Audit University). Ms. Lu worked as a senior supporting staff member at the Yangzhou Branch of FedEx (China) Co. Ltd. from August 2003 to June 2015. From March 2016 to May 2018, she worked at Yangzhou Qinshui Lily Trading Co. Ltd. primarily responsible for human resources and procurement. From June 2018 to January 2020, she served as a sales assistant at Yangzhou Weikailai Optoelectronic Instrument Co. Ltd. She joined the Group in February 2020 as an office manager and has been primarily responsible for human resources matters and administrative logistic management work. Ms. Lu has entered into a service agreement with the Company for a term of three years subject to early termination in accordance with the terms therein and retirement by rotation, and eligible for re-election pursuant to the Articles of Association. The Board announced that Mr. Bo Wanlin has been appointed as the chairman of the seventh session of the Board for a term of three years commencing from 19 January 2024 until the expiry of the term of the seventh session of the Board, and that Mr. Wu Xiankun has been appointed as the chairman of the seventh session of the Board of Supervisors for a term of three years commencing from 19 January 2024 until the expiry of the term of the seventh session of the Board of Supervisors. Announcement • Aug 16
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report First Half, 2023 Results on Aug 24, 2023 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Jun 09
Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited Approves Board Elections Yangzhou Guangling District Taihe Rural Micro-finance Company Limited at its AGM held on June 8, 2023 approved election of Mr. Zhang Yi as executive Director, Mr. Zhang Zhuo as non-executive Director and Mr. Xu Xuechuan, Ms. Zhang Lingling and Ms. Wang Chunhong as an independent non-executive Director. Buying Opportunity • Mar 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 77%. The fair value is estimated to be HK$0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 62% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent 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. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Zhenqiang Bao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 13
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report First Half, 2022 Results on Aug 24, 2022 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report first half, 2022 results on Aug 24, 2022 Announcement • Jul 30
Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited provides earnings guidance for the six months ended 30 June 2022. The Group is expected to record a loss after tax ranging from approximately RMB2.5 million to RMB4.5 million for the six months ended 30 June 2022, as compared with the profit after tax of approximately RMB14.8 million for the six months ended 30 June 2021. The decrease in profit was primarily attributable to the ongoing impact of the novel coronavirus outbreak on the local economy in the first half of 2022, which resulted in the increase in loan impairment losses on the Company's loan business, and the increase in expansion and promotion expenses of its subsidiaries businesses. Board Change • Apr 27
Less than half of directors are independent 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. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Zhenqiang Bao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 15% share price gain to HK$2.14, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 6x in the Consumer Finance industry in Hong Kong. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥1.85, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 6x in the Consumer Finance industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Executive Departure • Jul 06
Deputy GM & Joint Company Secretary Lei Xu has left the company On the 28th of June, Lei Xu's tenure as Deputy GM & Joint Company Secretary ended after 6.4 years in the role. We don't have any record of a personal shareholding under Lei's name. Lei is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.67 years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥1.36, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 7x in the Consumer Finance industry in Hong Kong. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 7x in the Consumer Finance industry in Hong Kong. Total loss to shareholders of 44% over the past three years. Announcement • Mar 16
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥1.45, the stock trades at a trailing P/E ratio of 21.6x, up from the previous P/E ratio of 18.7x. Average P/E is 7x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years was a loss of 36%. Recent Insider Transactions • Mar 02
Insider recently sold HK$932k worth of stock On the 25th of February, Ming Wai Lai sold around 740k shares on-market at roughly HK$1.26 per share. In the last 3 months, they made an even bigger sale worth HK$1.8m. Insiders have been net sellers, collectively disposing of HK$29m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥1.17, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 7x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 52%. Announcement • Jan 28
Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited Enters into Joint Venture Agreement with Yangzhou Tuyun Iot Technology Co., Ltd Yangzhou Guangling District Taihe Rural Micro-finance Company Limited entered into the JV Agreement with Yangzhou Tuyun IoT Technology Co. Ltd. for the formation of the JV Company, which will be primarily engaged in the development of technologies, products and solutions in relation to artificial intelligence and internet of things ("IoT") and promoting the applicability of such technologies, products and solutions. Jiangsu Interactive Photosensitive IoT Technology Co. Ltd. as proposed name of JV. The JV Company will be primarily engaged in developing technologies, products and solutions in relation to AI and IoT and promoting the applicability of such technologies, products and solutions. The Company and Yangzhou Tuyun are entitled to receive distributable profits of the JV Company in accordance with their respective equity interest in the JV Company. Once the JV Company has accumulated profits, the amount of dividend to be distributed for each financial year shall be no less than 30% of the profits after tax of the JV Company for the corresponding financial year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥1.23, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 54%. Is New 90 Day High Low • Jan 07
New 90-day low: HK$0.92 The company is down 54% from its price of HK$2.00 on 09 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥1.01, the stock is trading at a trailing P/E ratio of 15.1x, down from the previous P/E ratio of 18.1x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 64%. Recent Insider Transactions • Dec 31
Insider recently sold HK$1.8m worth of stock On the 28th of December, Ming Wai Lai sold around 2m shares on-market at roughly HK$1.22 per share. In the last 3 months, there was an even bigger sale from another insider worth HK$7.2m. Insiders have been net sellers, collectively disposing of HK$28m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥1.24, the stock is trading at a trailing P/E ratio of 18.6x, down from the previous P/E ratio of 23.9x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 58%. Is New 90 Day High Low • Dec 18
New 90-day low: HK$1.24 The company is down 42% from its price of HK$2.14 on 18 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥1.67, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 21.7x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 41%. Recent Insider Transactions • Nov 18
Insider recently sold HK$995k worth of stock On the 13th of November, Ming Wai Lai sold around 630k shares on-market at roughly HK$1.58 per share. In the last 3 months, there was an even bigger sale from another insider worth HK$7.2m. Insiders have been net sellers, collectively disposing of HK$26m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 11
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥1.65, the stock is trading at a trailing P/E ratio of 25x, down from the previous P/E ratio of 30x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 49%. Recent Insider Transactions • Nov 04
Insider recently sold HK$3.8m worth of stock On the 30th of October, Cho Hung Suen sold around 2m shares on-market at roughly HK$1.91 per share. In the last 3 months, they made an even bigger sale worth HK$7.2m. Insiders have been net sellers, collectively disposing of HK$25m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 23
Market bids up stock over the past week After last week's 20% share price gain to CN¥1.80, the stock is trading at a trailing P/E ratio of 27.6x, up from the previous P/E ratio of 23x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 28%. Recent Insider Transactions • Oct 16
Insider recently sold HK$7.2m worth of stock On the 12th of October, Cho Hung Suen sold around 4m shares on-market at roughly HK$2.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$21m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 16
Market pulls back on stock over the past week After last week's 25% share price decline to CN¥1.50, the stock is trading at a trailing P/E ratio of 23.1x, down from the previous P/E ratio of 30.8x. This compares to an average P/E of 6x in the Consumer Finance industry in Hong Kong. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Oct 15
New 90-day low: HK$1.85 The company is down 20% from its price of HK$2.30 on 17 July 2020. The Hong Kong market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is flat over the same period. Announcement • Aug 18
Yangzhou Guangling District Taihe Rural Micro-finance Company Limited to Report First Half, 2020 Results on Aug 26, 2020 Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that they will report first half, 2020 results on Aug 26, 2020 