Announcement • Aug 18
Grand Ocean Advanced Resources Company Limited to Report First Half, 2026 Results on Aug 28, 2026 Grand Ocean Advanced Resources Company Limited announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • Aug 03
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 11% 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 Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (HK$77.3m market cap, or US$9.86m). 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). Board Change • Jul 27
High number of new directors Independent Non-Executive Director Luqing Liu was the last director to join the board, commencing their role in 2026. Announcement • Apr 29
Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 12, 2026 Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 12, 2026, at 11:00 China Standard Time. Location: 8/f, hip shing hong centre, no. 55 des voeux road central, central, Hong Kong Reported Earnings • Apr 03
Full year 2025 earnings released: HK$0.24 loss per share (vs HK$0.26 loss in FY 2024) Full year 2025 results: HK$0.24 loss per share. Revenue: HK$161.6m (down 11% from FY 2024). Net loss: HK$51.0m (flat on FY 2024). New Risk • Jan 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.3m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10.0% per year over the past 5 years. Market cap is less than US$10m (HK$77.3m market cap, or US$9.92m). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Oct 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$98.2m market cap, or US$12.6m). New Risk • Oct 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.7m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 10.0% per year over the past 5 years. Market cap is less than US$10m (HK$76.7m market cap, or US$9.88m). Announcement • Oct 17
Grand Ocean Advanced Resources Company Limited has completed a Follow-on Equity Offering in the amount of HKD 13.7082 million. Grand Ocean Advanced Resources Company Limited has completed a Follow-on Equity Offering in the amount of HKD 13.7082 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,920,000
Price\Range: HKD 0.335
Discount Per Security: HKD 0.004
Transaction Features: Subsequent Direct Listing Announcement • Sep 06
Grand Ocean Advanced Resources Company Limited has filed a Follow-on Equity Offering in the amount of HKD 16.368 million. Grand Ocean Advanced Resources Company Limited has filed a Follow-on Equity Offering in the amount of HKD 16.368 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,920,000
Price\Range: HKD 0.4
Discount Per Security: HKD 0.004
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 02
First half 2025 earnings released: HK$0.047 loss per share (vs HK$0.048 loss in 1H 2024) First half 2025 results: HK$0.047 loss per share. Revenue: HK$61.6m (down 30% from 1H 2024). Net loss: HK$9.70m (loss widened 4.6% from 1H 2024). New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 10.0% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 10.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$95.1m market cap, or US$12.2m). Announcement • Aug 15
Grand Ocean Advanced Resources Company Limited to Report First Half, 2025 Results on Aug 29, 2025 Grand Ocean Advanced Resources Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jul 29
Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Aug 22, 2025 Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Aug 22, 2025, at 11:00 China Standard Time. Location: room 3, 14/f, fairmont house, 8 cotton tree drive, central, Hong Kong New Risk • Jul 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.8m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (HK$77.8m market cap, or US$9.91m). Reported Earnings • Jul 03
Full year 2024 earnings released: HK$0.26 loss per share (vs HK$0.15 loss in FY 2023) Full year 2024 results: HK$0.26 loss per share (further deteriorated from HK$0.15 loss in FY 2023). Revenue: HK$180.9m (down 3.7% from FY 2023). Net loss: HK$50.8m (loss widened 114% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Jun 19
Grand Ocean Advanced Resources Company Limited to Report Fiscal Year 2024 Results on Jun 30, 2025 Grand Ocean Advanced Resources Company Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Jun 30, 2025 New Risk • Apr 11
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$97.2m market cap, or US$12.5m). Announcement • Apr 07
Grand Ocean Advanced Resources Company Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 Grand Ocean Advanced Resources Company Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Apr 30, 2025 Announcement • Mar 14
Grand Ocean Advanced Resources Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Grand Ocean Advanced Resources Company Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Nov 08
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 18% 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: Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (HK$110.5m market cap, or US$14.2m). New Risk • Oct 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$18.8m (US$2.42m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$18.8m market cap, or US$2.42m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Sep 28
First half 2024 earnings released: HK$0.005 loss per share (vs HK$0.012 loss in 1H 2023) First half 2024 results: HK$0.005 loss per share (improved from HK$0.012 loss in 1H 2023). Revenue: HK$88.6m (up 8.4% from 1H 2023). Net loss: HK$9.27m (loss narrowed 49% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Aug 20
Grand Ocean Advanced Resources Company Limited to Report First Half, 2024 Results on Aug 30, 2024 Grand Ocean Advanced Resources Company Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 18
Grand Ocean Advanced Resources Company Limited Announces Board Changes The board of directors of Grand Ocean Advanced Resources Company Limited announced that with effect from 17 April 2024: Mr. Ho Man ("Mr. Ho") has resigned as an independent non-executive Director and a member of each of the audit committee, nomination committee and remunerationcommittee of the Company in pursuit of his personal career development; and Mr. Li Juhui ("Mr. Li") has been appointed as an independent non-executive Director and a member of each of the audit committee, nomination committee and remuneration committee of the Company. Mr. Li, aged 44, holds a bachelor's degree in International Economics and Trade from Zhengzhou University, a master's degree in Business Administration from Shanghai Jiao Tong University and a degree of Doctor of Business Administration in Global Financial Management from Arizona State University. Mr. Li has more than 10 years' experience in the finance industry. He worked for LC Securities Co. Ltd. for seven years, during which he was the head of the asset management headquarter, the chairman of the project review committee and a member of project determination committee under non-standardised assets management business, and a member of the assets management business committee. He was the head of trust business department of the Shanghai regional center of Everbright Xinglong Trust Co. Ltd. for two years. He worked for Anyang Investment Group Co., Ltd, a local government financing vehicle entity, for three years. Announcement • Apr 05
Grand Ocean Advanced Resources Company Limited Announces Board Changes The board of directors of Grand Ocean Advanced Resources Company Limited announced that Ms. Yang Mo, whose former name was Yang Hongyan has been appointed as an executive director of the Company with effect from 5 April 2024. The biographical details of Ms. Yang, aged 47, graduated from the Southwest University of Political Science and Law with a bachelor's degree in Law in July 1996 and a master's degree in Law (Economic Law) from Wuhan University in December 2005. She has been awarded the Legal Professional Qualification Certificate and the Registered Qualification Certificate for Enterprise Legal Adviser issued by the Ministry of Justice of the People's Republic of China in 1999 and 2001, respectively. She has also been awarded the Securities Industry Qualification issued by the Securities Association of China since 2004. Ms. Yang has been a Registered Financial Planner of the Society of Registered Financial Planners Limited since October 2004. Ms. Yang has over 20 years of experience in legal compliance, corporate investment and financing and business operation management. She served as the legal counsel, business executive and sub-branch manager of the Shenzhen Branch of China Construction Bank from July 1996 to October 2005. She then worked as the vice-president of Shenzhen City Longhao Tiandi Company Limited from October 2005 to January 2011. From January 2011 to July 2017, she held the position of general manager at Shenzhen City Yima Cultural Communication Company Limited. From August 2017 to November 2019, she served as the deputy general manager for Shenzhen Youboshi Technology Company Limited. Since December 2022, Ms. Yang has been serving as the general manager of Shenzhen Chenluo Creative Cultural Development Company Limited up to the present. Ms. Yang has entered into a service agreement with the Company pursuant to which she agreed to act as an executive director for a term of three years commencing from 5 April 2024 and is subject to rotation on retirement and re-election requirements at annual general meetings pursuant to the articles of association of the Company. The Board also announced that Mr. Hu Xiutong has resigned as a non-executive Director of the Company with effect from 5 April 2024 as he intended to devote more time to his personal and business commitments. Reported Earnings • Mar 27
Full year 2023 earnings released: HK$0.015 loss per share (vs HK$0.007 profit in FY 2022) Full year 2023 results: HK$0.015 loss per share (down from HK$0.007 profit in FY 2022). Revenue: HK$188.0m (down 1.7% from FY 2022). Net loss: HK$23.7m (down 332% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 07, 2024 Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 07, 2024, at 11:00 China Standard Time. Announcement • Mar 12
Grand Ocean Advanced Resources Company Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Grand Ocean Advanced Resources Company Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Announcement • Mar 05
Grand Ocean Advanced Resources Company Limited has completed a Follow-on Equity Offering in the amount of HKD 59.69802 million. Grand Ocean Advanced Resources Company Limited has completed a Follow-on Equity Offering in the amount of HKD 59.69802 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 322,692,000
Price\Range: HKD 0.185
Discount Per Security: HKD 0.00185
Transaction Features: Subsequent Direct Listing Announcement • Feb 09
Grand Ocean Advanced Resources Company Limited has filed a Follow-on Equity Offering in the amount of HKD 59.69802 million. Grand Ocean Advanced Resources Company Limited has filed a Follow-on Equity Offering in the amount of HKD 59.69802 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 322,692,000
Price\Range: HKD 0.185
Discount Per Security: HKD 0.00185
Transaction Features: Subsequent Direct Listing New Risk • Jan 16
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 Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (HK$560.1m market cap, or US$71.6m). Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director David Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 01
Grand Ocean Advanced Resources Company Limited Announces Management Changes The boardof directors of Grand Ocean Advanced Resources Company Limited announced that with effect from 31 October 2023, (i) Mr. Tao Ye has resigned as an executive Director of the Company; and (ii) Mr. Zhou Hongliang has resigned as a non-executive Director of the Company, as each of them intended to devote more time to his personal and business commitments. Reported Earnings • Aug 27
First half 2023 earnings released: HK$0.012 loss per share (vs HK$0.005 profit in 1H 2022) First half 2023 results: HK$0.012 loss per share (down from HK$0.005 profit in 1H 2022). Revenue: HK$81.7m (down 22% from 1H 2022). Net loss: HK$18.2m (down 341% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Grand Ocean Advanced Resources Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Grand Ocean Advanced Resources Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Buying Opportunity • Apr 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be HK$0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: HK$0.007 (vs HK$0.01 in FY 2021) Full year 2022 results: EPS: HK$0.007 (down from HK$0.01 in FY 2021). Revenue: HK$191.2m (up 4.5% from FY 2021). Net income: HK$10.2m (down 29% from FY 2021). Profit margin: 5.4% (down from 7.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 06
Now 21% undervalued Over the last 90 days, the stock is up 66%. The fair value is estimated to be HK$0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Announcement • Feb 16
Grand Ocean Advanced Resources Company Limited Appoints Hu Xiutong as Non-Executive Director The board of directors of Grand Ocean Advanced Resources Company Limited announced that, with effect from 15 February 2023, Mr. Hu Xiutong has been appointed as a non-executive Director of the Company. Mr. Hu, aged 35, graduated from the South China Normal University in the People's Republic of China (the PRC) in January 2023 through online education with a major in finance. Prior to joining the Company, he took positions as an investment fund sales manager in two fund management companies in the PRC from July 2017 to January 2019 and from March 2020 to May 2022, respectively. Furthermore, he has been serving as the Vice President of the Wenzhou Enterprises Chamber of Commerce in Beijing since November 2019. Buying Opportunity • Dec 29
Now 24% undervalued Over the last 90 days, the stock is up 47%. The fair value is estimated to be HK$0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Board Change • Nov 16
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, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director David Lee was the last independent director to join the board, commencing their role in 2020. 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 • Sep 01
First half 2022 earnings released: EPS: HK$0.005 (vs HK$0.003 loss in 1H 2021) First half 2022 results: EPS: HK$0.005 (up from HK$0.003 loss in 1H 2021). Revenue: HK$105.2m (up 47% from 1H 2021). Net income: HK$7.57m (up HK$11.6m from 1H 2021). Profit margin: 7.2% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
Grand Ocean Advanced Resources Company Limited Announces Executive Changes The board of directors of Grand Ocean Advanced Resources Company Limited announced that Mr. Huen Felix Ting Cheung has resigned as the company secretary of the Company with effect from 25 July 2022. Following the resignation of Mr. Huen, the Board announced that Ms. Cheng On Yi has been appointed as the Company Secretary and the financial controller of the Company with effect from 25 July 2022. Biographical details of Ms. Cheng are summarised below: Ms. Cheng obtained a bachelor's degree in business administration from the City University of Hong Kong and is a member of the Hong Kong Institute of Certified Public Accountants. Ms. Cheng has approximately 10 years of experience in finance, accounting and auditing listed companies in Hong Kong. Before joining the Company, Ms. Cheng serviced as a senior manager in an international audit firm. Save as disclosed above, Ms. Cheng has confirmed that there is no other matter in relation to her appointment as the Company Secretary that needs to be brought to the attention of the shareholders of the Company nor any other information which is required to be disclosed pursuant to the requirements of the Listing Rules. The Board would like to take this opportunity to express its sincere gratitude to Mr. Huen for his valuable contribution to the Company during his tenure of service and welcome Ms. Cheng on her appointment. Announcement • May 05
Grand Ocean Advanced Resources Company Limited Announces Management Changes The board of directors of Grand Ocean Advanced Resources Company Limited announces that Ms. Wan Shui Wah has resigned as a joint company secretary of the Company and ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, both with effect from 4 May 2022. Following the resignation of Ms. Wan, another joint company secretary of the Company, Mr. Huen Felix Ting Cheung, will remain in office and act as the sole company secretary of the Company. Furthermore, Mr. Guo Jianpeng, an executive Director, has been appointed as the Authorised Representative with effect from 4 May 2022. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: HK$0.01 (vs HK$0.028 loss in FY 2020) Full year 2021 results: EPS: HK$0.01 (up from HK$0.028 loss in FY 2020). Revenue: HK$183.0m (up 38% from FY 2020). Net income: HK$14.4m (up HK$56.9m from FY 2020). Profit margin: 7.9% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. 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, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director David Lee was the last independent director to join the board, commencing their role in 2020. 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 • Apr 07
Grand Ocean Advanced Resources Company Limited Announces Executive Changes The board of directors of Grand Ocean Advanced Resources Company Limited announced that with effect from 6 April 2022: Mr. Tao Ye has ceased to be the Chairman of the nomination committee of the Company. Mr. Tao will remain as an executive Director of the Company and a member of the Nomination Committee; and Mr. Lee Wai Ming, an existing independent non-executive Director and a member of the Nomination Committee, has been appointed as the Chairman of the Nomination Committee. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: HK$0.01 (vs HK$0.028 loss in FY 2020) Full year 2021 results: EPS: HK$0.01 (up from HK$0.028 loss in FY 2020). Revenue: HK$183.0m (up 38% from FY 2020). Net income: HK$14.4m (up HK$56.9m from FY 2020). Profit margin: 7.9% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 24, 2022 Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 24, 2022, at 11:00 China Standard Time. Announcement • Feb 26
Grand Ocean Advanced Resources Company Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2021 Grand Ocean Advanced Resources Company Limited provided consolidated earnings guidance for the year ended December 31, 2021. Based on the preliminary assessments of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 and the latest information available to the Board, the Group is expected to record a profit after tax of not less than HKD 22 million as compared to a net loss of approximately HKD 63 million for the year ended 31 December 2020. Reported Earnings • Sep 01
First half 2021 earnings released: HK$0.003 loss per share (vs HK$0.014 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$71.7m (up 43% from 1H 2020). Net loss: HK$4.00m (loss narrowed 82% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Aug 22
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, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director David Lee was the last independent director to join the board, commencing their role in 2020. 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 26
Full year 2020 earnings released: HK$0.028 loss per share (vs HK$0.007 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$133.0m (down 25% from FY 2019). Net loss: HK$42.5m (loss widened 300% from FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Mar 21
Full year 2020 earnings released: HK$0.028 loss per share (vs HK$0.007 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$133.0m (down 25% from FY 2019). Net loss: HK$42.5m (loss widened 300% from FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 20
Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 11, 2021 Grand Ocean Advanced Resources Company Limited, Annual General Meeting, Jun 11, 2021. Announcement • Mar 10
Grand Ocean Advanced Resources Company Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 Grand Ocean Advanced Resources Company Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: HK$0.60 The company is up 122% from its price of HK$0.27 on 30 September 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 7.0% over the same period. Announcement • Nov 24
Grand Ocean Advanced Resources Company Limited Announces Executive Changes Grand Ocean Advanced Resources Company Limited announced the following changes in its directorship and the composition of Board committees, all with effect from 23 November 2020: Mr. Tao, has been appointed as an executive Director, the chairman of the Nomination Committee and a member of the Remuneration Committee of the Company; Mr. Lee, has been appointed as an INED, a member of the Nomination Committee of the Company and the chairman of the Audit Committee of the Company; Mr. Ng, an executive Director has ceased to be a member of each of the Nomination Committee and the Remuneration Committee of the Company; and Mr. Chang, an INED, has ceased to be the chairman and a member of the Nomination Committee of the Company. Is New 90 Day High Low • Nov 14
New 90-day high: HK$0.38 The company is up 124% from its price of HK$0.17 on 14 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: HK$0.32 The company is up 85% from its price of HK$0.17 on 09 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 13% over the same period. Announcement • Sep 19
Grand Ocean Advanced Resources Company Limited Announces Resignation of Kwok Chi Shing as Independent Non-Executive Director and the Chairman of the Audit Committee The board of directors of Grand Ocean Advanced Resources Company Limited announced that Mr. Kwok Chi Shing has resigned as an independent non-executive Director and the chairman of the audit committee of the Company with effect from 18 September 2020. Mr. Kwok has served as an INED for more than 14 years. Is New 90 Day High Low • Sep 18
New 90-day high: HK$0.26 The company is up 70% from its price of HK$0.15 on 19 June 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 5.0% over the same period. Announcement • Aug 12
Grand Ocean Advanced Resources Company Limited to Report First Half, 2020 Results on Aug 21, 2020 Grand Ocean Advanced Resources Company Limited announced that they will report first half, 2020 results on Aug 21, 2020