Buy Or Sell Opportunity • Apr 29
Now 45% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to HK$0.26. The fair value is estimated to be HK$0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 24
Aowei Holding Limited, Annual General Meeting, May 22, 2026 Aowei Holding Limited, Annual General Meeting, May 22, 2026, at 10:00 China Standard Time. Location: meeting room, ritan club, a1 ritan east road, chaoyang district, beijing China New Risk • Apr 21
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 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$330.3m market cap, or US$42.2m). Reported Earnings • Mar 27
Full year 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.18 loss in FY 2024) Full year 2025 results: CN¥0.14 loss per share (improved from CN¥0.18 loss in FY 2024). Revenue: CN¥632.8m (down 2.0% from FY 2024). Net loss: CN¥236.4m (loss narrowed 18% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 32% per year. Announcement • Mar 16
Aowei Holding Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Aowei Holding Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Buy Or Sell Opportunity • Mar 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to HK$0.23. The fair value is estimated to be HK$0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 09
Now 57% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to HK$0.42. The fair value is estimated to be HK$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
First half 2025 earnings released: CN¥0.046 loss per share (vs CN¥0.031 loss in 1H 2024) First half 2025 results: CN¥0.046 loss per share (further deteriorated from CN¥0.031 loss in 1H 2024). Revenue: CN¥273.1m (down 16% from 1H 2024). Net loss: CN¥75.6m (loss widened 50% from 1H 2024). Announcement • Aug 15
Aowei Holding Limited to Report First Half, 2025 Results on Aug 27, 2025 Aowei Holding Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jun 30
Aowei Holding Limited Announces Change in Composition of the Nomination Committee, Effective from 1 July 2025 The board of directors of Aowei Holding Limited announced that for complying with the revised Corporate Governance Code as set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to be effective from 1 July 2025, Ms. Chen Lixian ("Ms. Chen"), an executive Director, and Mr. Ge Xinjian ("Mr. Ge"), an independent non-executive Director have been appointed as new members of the nomination committee of the Board (the "Nomination Committee") with effect from 30 June 2025. Following the appointments, the Nomination Committee now comprises five members, namely Mr. Li Yanjun (chairman), Dr. Wong Sze Lok, Mr. Meng Likun, Ms. Chen and Mr. Ge. Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 58% to HK$0.47. The fair value is estimated to be HK$0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.18 loss per share (vs CN¥0.34 loss in FY 2023) Full year 2024 results: CN¥0.18 loss per share (improved from CN¥0.34 loss in FY 2023). Revenue: CN¥645.7m (down 3.3% from FY 2023). Net loss: CN¥289.6m (loss narrowed 47% from FY 2023). Announcement • Apr 25
Aowei Holding Limited, Annual General Meeting, May 23, 2025 Aowei Holding Limited, Annual General Meeting, May 23, 2025, at 10:00 China Standard Time. Location: meeting room, ritan club, a1 ritan east road, chaoyang district, beijing China Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.18 loss per share (vs CN¥0.34 loss in FY 2023) Full year 2024 results: CN¥0.18 loss per share (improved from CN¥0.34 loss in FY 2023). Revenue: CN¥645.7m (down 3.3% from FY 2023). Net loss: CN¥289.6m (loss narrowed 47% from FY 2023). New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$727.7m (US$93.6m) This is considered a minor 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 (19% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$727.7m market cap, or US$93.6m). New Risk • Mar 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 18% 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 (18% average weekly change). Earnings have declined by 35% per year over the past 5 years. Board Change • Mar 21
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. 5 non-independent directors. Independent Non-Executive Director Patrick Wong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 17
Aowei Holding Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Aowei Holding Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Board Change • Feb 17
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. 5 non-independent directors. Independent Non-Executive Director Patrick Wong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 23
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 Risk Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Dec 13
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. 5 non-independent directors. Independent Non-Executive Director Patrick Wong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 28
Aowei Holding Limited Announces Appointment of Chen Lixian as an Executive Director The board of directors of Aowei Holding Limited announced that Ms. Chen Lixian as been appointed as an executive Director of the Company with effect from 28 November 2024. Ms. Chen Lixian, aged 44, is the manager of the Beijing Branch of Laiyuan County Aowei Mining Investments Co. Ltd. ("Beijing Branch"), who is responsible for assisting in the Group's operation and internal audit of internal control. She joined the Group in January 2005 and was appointed as an executive Director of the Company in November 2024. Ms. Chen has over 19 years of experience in operations and financial management. She served as the head of the comprehensive department of Hebei Aowei Industrial Group Co. Ltd. ("Aowei Group") from January 2005 to June 2007. From June 2007 to May 2010, she was the fund accountant of the finance department of Aowei Group. From June 2010 to February 2014, she successively served as an accountant and manager in the finance department of the Beijing Sales Branch of Aowei Group. From February 2014 to May 2024, she served as the deputy manager of the finance department and the deputy manager of the operations department of Beijing Branch, respectively. In June 2024, she assumed the position of manager at the Beijing Branch. Ms. Chen obtained an undergraduate diploma in law from Shijiazhuang College of Economics in June 2004, and was awarded the qualification of intermediate accountant by the Title Reform Leading Group Office of Baoding City in February 2014. Board Change • Nov 27
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 Patrick Wong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
First half 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.04 loss in 1H 2023) First half 2024 results: CN¥0.03 loss per share (improved from CN¥0.04 loss in 1H 2023). Revenue: CN¥323.7m (down 9.0% from 1H 2023). Net loss: CN¥50.6m (loss narrowed 23% from 1H 2023). Announcement • Aug 16
Aowei Holding Limited to Report First Half, 2024 Results on Aug 28, 2024 Aowei Holding Limited announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$735.9m (US$94.2m) This is considered a minor 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 Debt is not well covered by operating cash flow (5.8% operating cash flow to total debt). Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$735.9m market cap, or US$94.2m). Reported Earnings • Apr 30
Full year 2023 earnings released: CN¥0.34 loss per share (vs CN¥0.038 profit in FY 2022) Full year 2023 results: CN¥0.34 loss per share (down from CN¥0.038 profit in FY 2022). Revenue: CN¥667.4m (down 29% from FY 2022). Net loss: CN¥548.6m (down CN¥610.2m from profit in FY 2022). Production and reserves: Iron Production: 0.726 Mt (1.052 Mt in FY 2022) Proved and probable reserves (ore): 141.9 Mt (140.3 Mt in FY 2022) Number of mines: 3 (3 in FY 2022) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Aowei Holding Limited, Annual General Meeting, May 24, 2024 Aowei Holding Limited, Annual General Meeting, May 24, 2024, at 10:00 China Standard Time. Location: Meeting Room, Ritan Club, A1 Ritan East Road, Chaoyang District, Beijing China Agenda: To receive and consider the audited consolidated accounts and reports of the directors and auditors of the Company and its subsidiaries for the year ended December 31, 2023; to consider Mr. Li Ziwei be re-elected as an executive director of the Company; to consider Mr. Wong Sze Lok be re-elected as an independent non-executive director of the Company; to consider Mr. Meng Likun be re-elected as an independent non-executive director of the Company; to authorize the board of directors of the Company to fix the remuneration of the directors of the Company; and to consider other matters. Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥0.34 loss per share (vs CN¥0.037 profit in FY 2022) Full year 2023 results: CN¥0.34 loss per share (down from CN¥0.037 profit in FY 2022). Revenue: CN¥667.4m (down 29% from FY 2022). Net loss: CN¥548.6m (down CN¥609.4m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Aowei Holding Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Aowei Holding Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Sep 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
First half 2023 earnings released: CN¥0.04 loss per share (vs CN¥0.027 profit in 1H 2022) First half 2023 results: CN¥0.04 loss per share (down from CN¥0.027 profit in 1H 2022). Revenue: CN¥355.8m (down 34% from 1H 2022). Net loss: CN¥65.7m (down 247% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Sep 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.12 in FY 2021) Full year 2022 results: EPS: CN¥0.04 (down from CN¥0.12 in FY 2021). Revenue: CN¥937.8m (down 21% from FY 2021). Net income: CN¥60.8m (down 70% from FY 2021). Profit margin: 6.5% (down from 17% 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 fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Dec 13
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Patrick Wang 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. Insufficient board refreshment.