Announcement • Aug 19
Differ Group Auto Limited Announces Resignation of Pan Huili as an Executive Director, Effect from 18 August 2025 Differ Group Auto Limited announced that Ms. PAN Huili ("Ms. Pan'') resigned as an executive Director with effect from 18 August 2025 due to her other business commitments. Following Ms. Pan's resignation, she has also ceased to be the members of the Remuneration Committee and the Nomination Committee of the Company with effect from that date. New Risk • Mar 30
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 Earnings have declined by 73% per year over the past 5 years. Market cap is less than US$10m (HK$45.1m market cap, or US$5.80m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Mar 21
Differ Group Auto Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Differ Group Auto Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Mar 20
Differ Group Auto Limited Announces Resignation of Chuang Yin Lam as Independent Non-Executive Director Differ Group Auto Limited board of directors announced that Ms. Chuang Yin Lam resigned as an independent non-executive Director with effect from March 19, 2025 due to her other business engagements. Ms. Chuang has confirmed that she has no disagreement with the Board and there is no other matter to her resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of HongKong Limited. Announcement • Mar 11
Differ Group Auto Limited Announces Change of Company Secretary, with Effect from 12 March 2025 The board of directors of Differ Group Auto Limited announced that Mr. Ko Leong (Mr. Ko) has tendered his resignation as the company secretary with effect from 12 March 2025. The Board announced that Mr. Chan Chi Fai David (Mr. Chan) will be appointed as the company secretary with effect from 12 March 2025. Mr. Chan, aged 59, has over 30 years of extensive experience in auditing, accounting, financial management, and company secretarial services. Mr. Chan obtained a Master's Degree in Business Administration from the University of Manchester in 2004. In addition, Mr. Chan has been a fellow member of the Hong Kong Institute of Certified Public Accountants since 2004, demonstrating his dedication to upholding high professional standards in his profession. 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. 1 experienced director. 1 highly experienced director. Independent Non-Executive Director Alex Chan is the most experienced director on the board, commencing their role in 2013. 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 13
New major risk - Revenue and earnings growth Earnings have declined by 73% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 73% per year over the past 5 years. Market cap is less than US$10m (HK$64.8m market cap, or US$8.32m). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). New Risk • Jan 10
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2017. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2017 fiscal period end). Market cap is less than US$10m (HK$64.8m market cap, or US$8.33m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Announcement • Jan 02
Differ Group Auto Limited Announces Board and Composition of Board Committees, Effective 1 January 2025 The board of directors of Differ Group Auto Limited announced that with effect from 1 January 2025, Dr. Feng Xiaogang has tendered his resignation as (i) an executive Director; and (ii) a member of each of the Remuneration Committee and Nomination Committee in order to devote more time to his other business commitments. The Board announced that, with effect from 1 January 2025, Ms. Pan Huili will be appointed as (i) an executive Director; and (ii) a member of each of the Remuneration Committee and Nomination Committee. Ms. Pan, aged 32, received a certificate in Cosmetic Techniques & Management from Seneca Polytechnic (formerly known as, Seneca College), Canada, in June 2016. Ms. Pan worked as a general manager of Hainan Huili Agricultural Technology Co. Ltd. from August 2022 to August 2023 and is currently the general manager of Shenzhen Yuanhenggu Enterprise Management Co. Ltd. from August 2023. Ms. Pan also works as directors of various subsidiaries of the Company. The Board is announced that Dr. Feng has tendered his resignation as member of each of the Remuneration Committee and Nomination Committee; and Ms. Pan will be appointed as member of each of the Remuneration Committee and Nomination Committee with effect from 1 January 2025. (1) the Audit Committee will be composed of one non-executive Director and two independent non-executive Directors, namely, Mr. Chan Sing Nun as the chairman of the Audit Committee, Mr. Lam Kit Lam and Mr. Kang Fuming; (2) the Remuneration Committee will be composed of one executive Director and two independent non-executive Directors, namely, Mr. Lam Kit Lam as the chairman of the Remuneration Committee, Mr. Chan Sing Nun and Ms. Pan Huili; and (3) the Nomination Committee will be composed of one executive Director and two independent non-executive Directors, namely, Mr. Chan Sing Nun as the chairman of the Nomination Committee, Mr. Lam Kit Lam and Ms. Pan Huili. Announcement • Oct 10
Differ Group Auto Limited has filed a Follow-on Equity Offering in the amount of HKD 22.702702 million. Differ Group Auto Limited has filed a Follow-on Equity Offering in the amount of HKD 22.702702 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,638,820
Price\Range: HKD 1.1
Transaction Features: Subsequent Direct Listing Announcement • Aug 16
Differ Group Auto Limited to Report First Half, 2024 Results on Aug 30, 2024 Differ Group Auto Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jul 30
Differ Group Auto Limited, Annual General Meeting, Aug 29, 2024 Differ Group Auto Limited, Annual General Meeting, Aug 29, 2024, at 15:00 China Standard Time. Location: unit 2105 on, 21/f of west tower shun tak centre, nos.168-200 connaught road central, Hong Kong Board Change • Jul 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yin Lam Chuang was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jun 05
Differ Group Auto Limited Announces Resignation of XU Yiwei as a Non-Executive Director The board of directors of Differ Group Auto Limited announced that with effect from 4 June 2024, Mr. XU Yiwei has resigned as a non-executive Director in order to devote more time to his other commitments. Mr. XU has confirmed that he has no disagreement with the Board and there is no other matter to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). Significant insider selling over the past 3 months (HK$1.3m sold). Market cap is less than US$100m (HK$112.7m market cap, or US$14.4m). Announcement • Mar 15
Differ Group Auto Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Differ Group Auto Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Mar 01
Differ Group Auto Limited has completed a Follow-on Equity Offering in the amount of HKD 14.9436 million. Differ Group Auto Limited has completed a Follow-on Equity Offering in the amount of HKD 14.9436 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 13,732,222
Price\Range: HKD 0.36
Security Name: Shares
Security Type: Common Stock
Securities Offered: 27,777,778
Price\Range: HKD 0.36
Discount Per Security: HKD 0.036
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 26
CEO & Executive Chairman recently sold HK$1.3m worth of stock On the 22nd of January, Chi Chung Ng sold around 31m shares on-market at roughly HK$0.04 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chi Chung has been a net seller over the last 12 months, reducing personal holdings by HK$17m. Announcement • Dec 21
Differ Group Auto Limited has filed a Follow-on Equity Offering in the amount of HKD 50 million. Differ Group Auto Limited has filed a Follow-on Equity Offering in the amount of HKD 50 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 138,888,889
Price\Range: HKD 0.36
Transaction Features: Subsequent Direct Listing New Risk • Dec 05
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (HK$646.5m market cap, or US$82.7m). Announcement • Nov 02
Differ Group Auto Limited Announces Change of Company Secretary and Authorised Representative The board of directors of Differ Group Auto Limited announces that Ms. Leung Fung Yee Alice (Ms. Leung) has tendered her resignation as the company secretary and authorised representative, pursuant to Rule 3.05 of the Rules Governing the Listing of Securities (the Listing Rules) on the Stock Exchange of Hong Kong Limited (the "Stock Exchange"), of the Company both with effect from 1 November 2023. The Board announced that Mr. Ko Leong ("Mr. Ko") has been appointed as the company secretary and an authorised representative, pursuant to Rule 3.05 of the Listing Rules, of the Company with effect from 1 November 2023. Mr. Ko, aged 36, joined the Group in August 2023 and is the Financial Controller of the Company. Mr. Ko holds a bachelor degree of Business Administration in Accounting with honors from City University of Hong Kong. Mr. Ko is a fellow member of the Hong Kong Institute of Certified Public Accountants and an associate member of The Taxation Institute of Hong Kong. Mr. Ko has worked for two international accounting firms and several listed companies in Hong Kong. Mr. Ko has over 14 years of professional experience in financial management and auditing. Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.018 loss per share (vs CN¥0.011 profit in 1H 2022) First half 2023 results: CN¥0.018 loss per share (down from CN¥0.011 profit in 1H 2022). Revenue: CN¥1.04b (up 163% from 1H 2022). Net loss: CN¥137.2m (down 270% from profit in 1H 2022). 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 55% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$2.1m sold). Market cap is less than US$100m (HK$525.5m market cap, or US$67.0m). Announcement • Aug 16
Differ Group Auto Limited to Report First Half, 2023 Results on Aug 29, 2023 Differ Group Auto Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • May 25
Differ Group Auto Limited, Annual General Meeting, Jun 28, 2023 Differ Group Auto Limited, Annual General Meeting, Jun 28, 2023, at 15:00 China Standard Time. Location: Suites 501-05, 5/F, AIA Central, 1 Connaught Road Central, Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Company for the year ended 31 December 2022; to re-elect Mr. Ng Chi Chung as an executive Director; to re-elect Mr. Tong Lu as an executive Director; to re-elect Mr. Kang Fuming as a non-executive Director; to re-elect Ms. Chuang Yin Lam as an independent non-executive Director; to authorise the board of Directors to fix the Directors' remunerations; to re-appoint BDO Limited as the auditors of the Company and to authorise the Board to fix their remuneration; and to consider other matters. Announcement • May 16
Differ Group Auto Limited Announces Change of Directors Differ Group Auto Limited announce that with effect from 15 May 2023, Mr. Chen Naike has tendered his resignation as an independent non-executive Director in order to devote more time to his other commitments. The Board announced that, with effect from 15 May 2023, (i) Mr. Tong Lu has been appointed as an executive Director; and (ii) Ms. Chuang Yin Lam has been appointed as an independent non-executive Director. Mr. Tong, aged 41, graduated from Otemon Gakuin University, Osaka, Japan, with a Bachelor of Arts degree in 2006. After graduating, Mr. Tong worked with BAL Corporation & Co. Ltd. as general manager at the international business department for around seven years. From 2014 to present, Mr. Tong works as executive director with Calistar Auto Life Industry Investment Co. Ltd. Mr. Tong has extensive experience in automobile dealership and import and export trade. Ms. Chuang, aged 32, graduated from University of New South Wales, Australia in 2014 with a Bachelor of Media degree in Public Relations and Advertising. Ms. Chuang has over 8 years of experience in corporate advisory and business development. She joined Computershare Hong Kong Investor Services Limited in 2014. Up to present, she is taking up a duel role as senior manager in the business development department and personal assistant to managing director and chief executive officer of Computershare. Announcement • May 10
Differ Group Auto Limited has completed a Follow-on Equity Offering in the amount of HKD 196.99848 million. Differ Group Auto Limited has completed a Follow-on Equity Offering in the amount of HKD 196.99848 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,407,132,000
Price\Range: HKD 0.14
Discount Per Security: HKD 0.0042
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • May 02
CEO & Executive Chairman recently sold HK$304k worth of stock On the 26th of April, Chi Chung Ng sold around 2m shares on-market at roughly HK$0.13 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$5.6m. Chi Chung has been a net seller over the last 12 months, reducing personal holdings by HK$125m. Recent Insider Transactions • Jan 10
CEO & Executive Chairman recently sold HK$88m worth of stock On the 3rd of January, Chi Chung Ng sold around 315m shares on-market at roughly HK$0.28 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Chi Chung has been a net seller over the last 12 months, reducing personal holdings by HK$25m. Recent Insider Transactions • Jan 08
CEO & Executive Chairman recently bought HK$1.5m worth of stock On the 30th of December, Chi Chung Ng bought around 1m shares on-market at roughly HK$1.47 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, they made an even bigger purchase worth HK$9.8m. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$57m worth in shares. Buying Opportunity • Jan 03
Now 74% undervalued after recent price drop Over the last 90 days, the stock is down 87%. The fair value is estimated to be HK$0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has grown by 11%. Recent Insider Transactions • Nov 24
CEO & Executive Chairman recently bought HK$6.0m worth of stock On the 22nd of November, Chi Chung Ng bought around 4m shares on-market at roughly HK$1.50 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, they made an even bigger purchase worth HK$8.9m. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$30m worth in shares. Recent Insider Transactions • Nov 16
CEO & Executive Chairman recently bought HK$3.1m worth of stock On the 10th of November, Chi Chung Ng bought around 2m shares on-market at roughly HK$1.54 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, they made an even bigger purchase worth HK$8.9m. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$24m worth in shares. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Chairman Chi Chung Ng is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Director Kit Lam Lam was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Nov 08
CEO & Executive Chairman recently bought HK$1.5m worth of stock On the 31st of October, Chi Chung Ng bought around 1m shares on-market at roughly HK$1.55 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. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$12m worth in shares. Recent Insider Transactions • Nov 03
CEO & Executive Chairman recently bought HK$1.5m worth of stock On the 26th of October, Chi Chung Ng bought around 1m shares on-market at roughly HK$1.51 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. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$10m worth in shares. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: CN¥0.011 (vs CN¥0.007 in 1H 2021) First half 2022 results: EPS: CN¥0.011 (up from CN¥0.007 in 1H 2021). Revenue: CN¥397.3m (up 45% from 1H 2021). Net income: CN¥80.6m (up 66% from 1H 2021). Profit margin: 20% (up from 18% in 1H 2021). Over the next year, revenue is forecast to grow 149%, compared to a 344% growth forecast for the Consumer Finance industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to HK$2.25, the stock trades at a trailing P/E ratio of 31.7x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 452% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.24 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.89, the stock trades at a trailing P/E ratio of 26.4x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 308% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.27 per share. Recent Insider Transactions • May 21
CEO & Executive Chairman recently bought HK$6.7m worth of stock On the 16th of May, Chi Chung Ng bought around 3m shares on-market at roughly HK$1.96 per share. This was the largest purchase by an insider in the last 3 months. Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$6.6m worth in shares. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Naike Chen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.061 (vs CN¥0.052 in FY 2020) Full year 2021 results: EPS: CN¥0.061 (up from CN¥0.052 in FY 2020). Revenue: CN¥1.28b (down 79% from FY 2020). Net income: CN¥440.8m (up 24% from FY 2020). Profit margin: 35% (up from 5.9% in FY 2020). Over the next year, revenue is forecast to grow 226%, compared to a 155% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 26% share price decline to HK$1.81, the stock trades at a trailing P/E ratio of 27.6x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 286% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 21% share price decline to HK$2.27, the stock trades at a trailing P/E ratio of 34.7x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 374% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.26, the stock trades at a trailing P/E ratio of 34.8x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 363% over the past three years. Recent Insider Transactions • Jan 12
CEO & Executive Director recently sold HK$2.0m worth of stock On the 6th of January, Chi Chung Ng sold around 1m shares on-market at roughly HK$1.79 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Chi Chung has been a buyer over the last 12 months, purchasing a net total of HK$28m worth of shares. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.64, the stock trades at a trailing P/E ratio of 40.6x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 440% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 22% share price gain to HK$1.87, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 275% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$2.19, the stock trades at a trailing P/E ratio of 34.3x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 307% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 37% share price decline to HK$1.97, the stock trades at a trailing P/E ratio of 30.9x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 241% over the past three years. Reported Earnings • Aug 29
First half 2021 earnings released: EPS CN¥0.007 (vs CN¥0.003 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥273.6m (down 90% from 1H 2020). Net income: CN¥48.5m (up 120% from 1H 2020). Profit margin: 18% (up from 0.8% in 1H 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 76% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥3.71, the stock trades at a trailing P/E ratio of 59x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 565% over the past three years. Announcement • Aug 09
Differ Group Holding Company Limited (SEHK:6878) entered into an agreement to acquire Fast Sunrise Limited from Wonderful Apex Limited for RMB 53 million. Differ Group Holding Company Limited (SEHK:6878) entered into an agreement to acquire Fast Sunrise Limited from Wonderful Apex Limited for RMB 53 million on August 7, 2021. As pr the terms, Differ will acquire Sale Shares and the Sale Loan of Fast Sunrise. RMB 5 million will be payable by Differ to Wonderful Apex within 30 Business Days after Completion. The remaining RMB 48 million will be payable by Differ to Wonderful Apex within one year after Completion. The transaction is subject to Differ being satisfied with the results of the due diligence review, the obtaining of a legal opinion on the laws of the PRC issued by a law firm practicing in the PRC approved by Differ. Completion shall take place within three Business Days after all the conditions of the Acquisition Agreement have been fulfilled or waived or such later date as may be agreed between Wonderful Apex and Differ. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥1.91, the stock trades at a trailing P/E ratio of 30.4x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 219% over the past three years. Announcement • Jun 24
Differ Group Holding Company Limited (SEHK:6878) entered into a memorandum of understanding to acquire an unknown stake in Shanghai Internet e-Commerce Company Limited. Differ Group Holding Company Limited (SEHK:6878) entered into a memorandum of understanding to acquire an unknown stake in Shanghai Internet e-Commerce Company Limited on June 23, 2021. Parties to the MOU shall negotiate the terms of the formal agreement and if the formal agreement is not entered into within six months from the date of the MOU, the MOU will cease and determine. Announcement • Jun 10
Differ Group Holding Company Limited (SEHK:6878) entered in a non-legally binding memorandum of understanding to acquire Tianjin Free Trade Gancheng Taifeng Technology Company Limited. Differ Group Holding Company Limited (SEHK:6878) entered in a non-legally binding memorandum of understanding to acquire Tianjin Free Trade Gancheng Taifeng Technology Company Limited on June 9, 2021. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥1.75, the stock trades at a trailing P/E ratio of 27.6x. Average forward P/E is 13x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 202% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥1.18, the stock trades at a trailing P/E ratio of 18.7x. Average forward P/E is 12x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 107% over the past three years. Recent Insider Transactions • Apr 30
Executive Chairman recently bought HK$14m worth of stock On the 28th of April, Mingxian Hong bought around 16m shares on-market at roughly HK$0.89 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$14m. This was Mingxian's only on-market trade for the last 12 months. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.052 (vs CN¥0.053 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥6.07b (up 169% from FY 2019). Net income: CN¥356.1m (up 6.1% from FY 2019). Profit margin: 5.9% (down from 15% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 27
Differ Group Holding Company Limited Proposes Final Dividend in Respect of the Year Ended 31 December 2020 Differ Group Holding Company Limited at its AGM to be held on 29 June 2021, proposed the declaration and payment of a final dividend of 0.5 Hong Kong cent per ordinary share out of the share premium account of the Company (the "Final Dividend") to shareholders (the "Shareholders") of the Company whose names appear on the register of members of the Company on the record date fixed by the Board for determining the entitlements to the Final Dividend be and is hereby approved and For ascertaining the entitlements to the proposed Final Dividend, the register of members of the Company will be closed from 13 July 2021 to 15 July 2021, both days inclusive, during which period no transfer of shares will be registered. Recent Insider Transactions • Apr 16
Executive Director recently bought HK$14m worth of stock On the 13th of April, Chi Chung Ng bought around 16m shares on-market at roughly HK$0.89 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 • Mar 30
Full year 2020 earnings released: EPS CN¥0.052 (vs CN¥0.053 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥6.08b (up 170% from FY 2019). Net income: CN¥356.1m (up 6.1% from FY 2019). Profit margin: 5.9% (down from 15% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥1.01, the stock trades at a trailing P/E ratio of 25x. Average forward P/E is 14x in the Consumer Finance industry in Hong Kong. Total returns to shareholders of 80% over the past three years. Announcement • Mar 16
Differ Group Holding Company Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Differ Group Holding Company Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 37% share price gain to CN¥1.03, the stock is trading at a trailing P/E ratio of 25.2x, up from the previous P/E ratio of 18.4x. This compares to an average P/E of 7x in the Consumer Finance industry in Hong Kong. Total returns to shareholders over the past three years are 84%. Is New 90 Day High Low • Feb 26
New 90-day high: HK$0.80 The company is up 1.0% from its price of HK$0.79 on 27 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: HK$0.68 The company is down 6.0% from its price of HK$0.72 on 16 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: HK$0.77 The company is up 15% from its price of HK$0.67 on 25 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is down 9.0% over the same period. Announcement • Aug 13
Differ Group Holding Company Limited to Report Q2, 2020 Results on Aug 26, 2020 Differ Group Holding Company Limited announced that they will report Q2, 2020 results on Aug 26, 2020