Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Honorary Chairman Paul Lam was the last 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: Insufficient board refreshment. Announcement • Apr 22
SHK Hong Kong Industries Limited and Tsui Ho Chuen, Philip an executive CPM Director and the chairman and managing director of CPM proposed to acquire CPM Group Limited (SEHK:1932) from CNT Enterprises Limited and others for HKD 56.2 million. SHK Hong Kong Industries Limited and Tsui Ho Chuen, Philip an executive CPM Director and the chairman and managing director of CPM proposed to acquire CPM Group Limited (SEHK:1932) from CNT Enterprises Limited and others for HKD 56.2 million on April 21, 2026. A cash consideration valued at HKD 0.0562 per share will be paid by SHK Hong Kong Industries Limited and the management. SHK will fund CPM Offers internally, while Prime Surplus uses Tsui Ho Chuen, Philip personal resources. In related transaction Tsui Ho Chuen, Philip, non-executive director of CNT Group Limited proposed to acquire remaining stake in stake in CNT Group Limited.
The CPM Offers will only be triggered upon the CNT Offer becoming unconditional or being declared unconditional in all respects. Accordingly, the CPM Offers are subject to the pre-condition of the CNT Offer becoming or being declared unconditional in all respects. The Board of Directors of CPM Group Limited formed a special committee for the transaction comprising non-executive director Mak Chi Wah and independent non-executive directors Chua Joo Bin, Xia Jun, and Meng Jinxia advises Independent CPM Shareholders and Option holders on the fairness and acceptance of the CPM Offers.
Ample Capital Limited acted as financial advisor for CPM Group Limited. Yu Ming Investment Management Limited acted as financial advisor for SHK Hong Kong Industries Limited and Tsui Ho Chuen, Philip. Innovax Capital Limited acted as financial advisor for CPM Group Limited. Reported Earnings • Mar 29
Full year 2025 earnings released: HK$0.046 loss per share (vs HK$0.048 loss in FY 2024) Full year 2025 results: HK$0.046 loss per share (improved from HK$0.048 loss in FY 2024). Revenue: HK$241.1m (down 25% from FY 2024). Net loss: HK$46.0m (loss narrowed 4.0% from FY 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 28
CPM Group Limited, Annual General Meeting, Jun 04, 2026 CPM Group Limited, Annual General Meeting, Jun 04, 2026. Announcement • Mar 17
CPM Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 CPM Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.5% 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 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (HK$150.0m market cap, or US$19.3m). Reported Earnings • Aug 31
First half 2025 earnings released: HK$0.029 loss per share (vs HK$0.015 loss in 1H 2024) First half 2025 results: HK$0.029 loss per share (further deteriorated from HK$0.015 loss in 1H 2024). Revenue: HK$106.3m (down 28% from 1H 2024). Net loss: HK$29.2m (loss widened 95% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Aug 15
CPM Group Limited to Report First Half, 2025 Results on Aug 28, 2025 CPM Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Board Change • May 12
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
Full year 2024 earnings released: HK$0.048 loss per share (vs HK$0.067 loss in FY 2023) Full year 2024 results: HK$0.048 loss per share (improved from HK$0.067 loss in FY 2023). Revenue: HK$321.4m (down 32% from FY 2023). Net loss: HK$47.9m (loss narrowed 29% from FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 24
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
CPM Group Limited, Annual General Meeting, Jun 05, 2025 CPM Group Limited, Annual General Meeting, Jun 05, 2025. Announcement • Mar 17
CPM Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 CPM Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Board Change • Feb 11
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 20
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
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 Jinxia Meng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 28
First half 2024 earnings released: HK$0.015 loss per share (vs HK$0.012 loss in 1H 2023) First half 2024 results: HK$0.015 loss per share (further deteriorated from HK$0.012 loss in 1H 2023). Revenue: HK$148.3m (down 39% from 1H 2023). Net loss: HK$15.0m (loss widened 30% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 18% per year. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$235.0m market cap, or US$30.1m). Announcement • Aug 16
CPM Group Limited to Report First Half, 2024 Results on Aug 29, 2024 CPM Group Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 28
CPM Group Limited, Annual General Meeting, Jun 04, 2024 CPM Group Limited, Annual General Meeting, Jun 04, 2024, at 10:00 China Standard Time. Location: 31st Floor, CNT Tower, 338 Hennessy Road Wan Chai Hong Kong Agenda: To receive and consider the audited financial statements and the report of the directors and the independent auditor's report for the year ended 31 December 2023; to re-elect directors; to authorize the board of directors of the Company to fix the directors' remuneration; to re-appoint auditors and to authorize the Board to fix their remuneration; and to transact other business. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.067 loss per share (vs HK$0.098 loss in FY 2022) Full year 2023 results: HK$0.067 loss per share (improved from HK$0.098 loss in FY 2022). Revenue: HK$469.1m (down 27% from FY 2022). Net loss: HK$67.1m (loss narrowed 32% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
CPM Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 CPM Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: HK$0.012 loss per share (vs HK$0.05 loss in 1H 2022) First half 2023 results: HK$0.012 loss per share (improved from HK$0.05 loss in 1H 2022). Revenue: HK$243.9m (down 21% from 1H 2022). Net loss: HK$11.5m (loss narrowed 77% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
CPM Group Limited to Report First Half, 2023 Results on Aug 29, 2023 CPM Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released: HK$0.098 loss per share (vs HK$0.06 loss in FY 2021) Full year 2022 results: HK$0.098 loss per share (further deteriorated from HK$0.06 loss in FY 2021). Revenue: HK$643.0m (down 23% from FY 2021). Net loss: HK$98.1m (loss widened 65% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
CPM Group Limited Provides Earnings Guidance for the Year Ended 31 December 2022 CPM Group Limited provided earnings guidance for the year ended 31 December 2022. For the year, the company would record a loss attributable to the Shareholders in the amount between HKD 93.00 million and HKD 99.00 million, as compared with the same of HKD 59.53 million for the year ended 31 December 2021. The increase in the estimated amount of loss attributable to the Shareholders for the FY2022 was primarily due to the following factors: significant decreases in sales revenue of the paint and coating products of the Group in Mainland China during the FY2022 as a result of the sluggish real property market in 2022 in Mainland China and the delayed completion of new residential and commercial property projects; significant increases in the staff termination costs which were incurred due to streamlining the production process and integration of the production facilities of the Group in Southern China and the optimisation of the business operations of the Group; significant increases in the provision for the impairment of trade and bills receivables due to the settlement delay by customers in Mainland China and the change in certain economic uncertainties in industries in Mainland China; and increases in the share option expenses for the share options granted by the Company to eight grantees and such expenses were recorded during the FY2022. Announcement • Dec 02
CPM Group Limited Announces Executive Changes The board of directors of CPM Group Limited announced that Ms. Chiu Kam Hing, Kathy (Ms. Chui) has resigned as an independent non-executive director of the Company and the chairlady of each of the audit committee, the remuneration committee and the nomination committee of the Board with effect from 1 December 2022 due to her desire to devote more time to her personal matters. Ms. Chiu has confirmed that she has no disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Meng Jinxia (Ms. Meng) has been appointed as an independent non-executive director of the Company with effect from 1 December 2022. Ms. Meng, aged 64, has over 39 years of experience in engineering and manufacturing. Ms. Meng worked at Machinery Bureau under the Ministry of Urban & Rural Development and Environmental Protection of the People's Republic of China (the PRC) (currently known as the Ministry of Housing and Urban-Rural Development of the PRC) from March 1982 to May 1988. She was a sales manager at Calvin Engineering Company Limited and Edward Keller Limited during the period from June 1988 to December 1996 and from March 1997 to October 2003 respectively, and an office chief representative at SIP Swiss, Beijing Office from January 2004 to January 2006. Ms. Meng was a senior sales manager at Starrag (Shanghai) Co. Ltd. Beijing Branch from March 2006 to April 2021. Ms. Meng obtained a bachelor of arts degree in English language and literature from Xiamen University in February 1982. The Board further announced that the composition of the committees of the Board has been changed with effect from 1 December 2022: Mr. Chua Joo Bin, the independent non-executive director of the Company, has been appointed as the chairman of the audit committee of the Board and a member of each of the remuneration committee and the nomination committee of the Board; and Mr. Xia Jun, the independent non-executive director of the Company, has been appointed as the chairman of each of the remuneration committee and the nomination committee of the Board and a member of the audit committee of the Board. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Kathy Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.05 loss per share (vs HK$0.017 loss in 1H 2021) First half 2022 results: HK$0.05 loss per share (down from HK$0.017 loss in 1H 2021). Revenue: HK$310.2m (down 23% from 1H 2021). Net loss: HK$50.4m (loss widened 200% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Announcement • Aug 19
CPM Group Limited to Report First Half, 2022 Results on Aug 30, 2022 CPM Group Limited announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 06
CPM Group Limited Provides Earning Guidance for the Six Months Ended 30 June 2022 CPM Group Limited provided earning guidance for the six months ended 30 June 2022. The Board informed the shareholders of the Company (the "Shareholders") and prospective investors of the Company that based on the preliminary information currently available to the Board for the six months ended 30 June 2022 (the "2022 Six-month Period"), the Group would record a significant loss attributable to the Shareholders for the 2022 Six-month Period in the amount between HKD 47.0 million and HKD 54.0 million, as compared with the loss attributable to the Shareholders of HKD 16.8 million for the six months ended 30 June 2021. The significant increase in the estimated amount of loss of the Group during the 2022 Six-month Period was primarily due to the following reasons: significant decreases in sales revenue of paint and coating products of the Group in Mainland China during the 2022 Six-month Period as a result of the sluggish real property market in Mainland China and the delayed completion of new residential and commercial property projects, both of which significantly impacted the demand for architectural paint and coating products of the Group; significant increases in the international crude oil prices because of geopolitical issues which have accelerated the prices of a wide range of crude oil by-products for the production of paint and coating products; and general increases in the price levels of raw materials and packaging materials in Mainland China and the payment of staff termination compensation as part of the optimization of the business process of the Group. Announcement • Aug 02
CPM Group Limited Announces Executive Changes The board of directors (the "Board") of CPM Group Limited (the "Company", together with its subsidiaries, the "Group") announced that Mr. Wong Anders ("Mr. Wong") has resigned as an executive director of the Company with effect from 1 August 2022 due to his desire to devote more time to his personal matters. Mr. Wong has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board expresses its sincere gratitude to Mr. Wong for his valuable contribution to the Company during his tenure of office. The Board announced that Mr. Mak Chi Wah ("Mr. Mak") has been appointed as an executive director of the Company with effect from 1 August 2022. Mr. Mak, aged 44, is currently the financial controller of the Group. He joined the Group in February 2016 and was involved in the spin-off and separate listing of the Company on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in 2017. Prior to joining the Group, Mr. Mak undertook the consulting and auditing works in an accounting firm for more than 7 years and involved in the business operations management in a global mobility company for 8 years. Mr. Mak has over 22 years of experience in accounting, auditing, taxation and business operations management. He obtained a master of finance (corporate finance) degree from The Hong Kong Polytechnic University in September 2019 and a bachelor of commerce (accounting) degree from Curtin University (formerly known as Curtin University of Technology) in February 2008. Mr. Mak is a fellow member of CPA Australia, The Hong Kong Institute of Certified Public Accountants and The Taxation Institute of Hong Kong and a honorary treasurer of The Bulgarian Chamber of Commerce Hong Kong Limited. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Kathy Chiu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released: HK$0.059 loss per share (vs HK$0.011 loss in FY 2020) Full year 2021 results: HK$0.059 loss per share (down from HK$0.011 loss in FY 2020). Revenue: HK$838.1m (up 18% from FY 2020). Net loss: HK$59.5m (loss widened 451% from FY 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 12
CPM Group Limited Provides Earnings Guidance for the Year Ended December 31, 2021 CPM Group Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company would record a loss attributable to the Shareholders for the FY2021 in the amount between HKD 58.0 million and HKD 65.0 million, as compared with the same of HKD 10.8 million for the year ended 31 December 2020. Although the estimated revenue amount of the Group during the FY2021 grew by approximately 18%, the loss attributable to the Shareholders for the FY2021 is expected to increase significantly, which was primarily due to the decrease in the amount of the gross profit, as well as the gross profit margin, as a result of the significant increases in the international crude oil prices and the prices of a wide range of crude oil by-products; and the general increases in the costs of raw materials and the general price levels due to the economic recovery in Mainland China during theyear of 2021. In addition, the absence of the gain on deposits paid for purchases of property, plant and equipment of HKD 9.35 million for the FY2021 also increased the loss attributable to the Shareholders for the FY2021. Reported Earnings • Sep 29
First half 2021 earnings released: HK$0.017 loss per share (vs HK$0.021 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$403.8m (up 51% from 1H 2020). Net loss: HK$16.8m (loss narrowed 19% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
First half 2021 earnings released: HK$0.017 loss per share (vs HK$0.021 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$403.8m (up 51% from 1H 2020). Net loss: HK$16.8m (loss narrowed 19% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 27
CPM Group Limited Approves Final Dividend for the Year Ended 31 December 2020 CPM Group Limited announced that at its annual general meeting held on 26 May 2021, declare a final dividend of HK1.0 cent per share for the year ended 31 December 2020. Reported Earnings • Apr 25
Full year 2020 earnings released: HK$0.011 loss per share (vs HK$0.028 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: HK$712.9m (flat on FY 2019). Net loss: HK$10.8m (loss narrowed 62% from FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.011 loss per share (vs HK$0.028 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: HK$712.9m (flat on FY 2019). Net loss: HK$10.8m (loss narrowed 62% from FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 19
CPM Group Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 CPM Group Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 20
New 90-day low: HK$0.43 The company is down 7.0% from its price of HK$0.47 on 22 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: HK$0.44 The company is down 6.0% from its price of HK$0.47 on 17 September 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 19% over the same period. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of HK$822.0k, with losses narrowing by 99% from the prior year. Total revenue was HK$674.7m over the last 12 months, largely unchanged from the prior year. Announcement • Aug 22
CPM Group Limited to Report First Half, 2020 Results on Aug 27, 2020 CPM Group Limited announced that they will report first half, 2020 results on Aug 27, 2020