New Risk • Jun 07
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 1.4% per year over the past 5 years. High level of non-cash earnings (54% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$630.0m market cap, or US$80.4m). Announcement • Jun 05
Lesi Group Limited has completed a Follow-on Equity Offering in the amount of HKD 70 million. Lesi Group Limited has completed a Follow-on Equity Offering in the amount of HKD 70 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: HKD 0.7
Discount Per Security: HKD 0.0105 New Risk • May 22
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 16% 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 (16% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (HK$555.0m market cap, or US$70.8m). Announcement • May 22
Lesi Group Limited has filed a Follow-on Equity Offering in the amount of HKD 70 million. Lesi Group Limited has filed a Follow-on Equity Offering in the amount of HKD 70 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: HKD 0.7
Discount Per Security: HKD 0.0105 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$1.11, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 14x in the Media industry in Hong Kong. Total loss to shareholders of 10% over the past year. New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 1.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (HK$555.0m market cap, or US$70.9m). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.08 (down from CN¥0.15 in FY 2024). Revenue: CN¥1.55b (up 127% from FY 2024). Net income: CN¥39.7m (down 45% from FY 2024). Profit margin: 2.6% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Mar 27
Lesi Group Limited, Annual General Meeting, May 28, 2026 Lesi Group Limited, Annual General Meeting, May 28, 2026. New Risk • Mar 21
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 9.9% 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 (9.9% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (HK$575.0m market cap, or US$73.4m). Announcement • Mar 13
Lesi Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Lesi Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Nov 21
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 10% 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 (10% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (HK$700.0m market cap, or US$89.9m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$1.57, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 19x in the Media industry in Hong Kong. Total loss to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.27, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the Media industry in Hong Kong. Total loss to shareholders of 31% over the past year. Reported Earnings • Oct 05
First half 2025 earnings released: EPS: CN¥0.021 (vs CN¥0.059 in 1H 2024) First half 2025 results: EPS: CN¥0.021 (down from CN¥0.059 in 1H 2024). Revenue: CN¥682.9m (up 127% from 1H 2024). Net income: CN¥10.7m (down 62% from 1H 2024). Profit margin: 1.6% (down from 9.4% in 1H 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 03
First half 2025 earnings released: EPS: CN¥0.021 (vs CN¥0.062 in 1H 2024) First half 2025 results: EPS: CN¥0.021 (down from CN¥0.062 in 1H 2024). Revenue: CN¥682.9m (up 127% from 1H 2024). Net income: CN¥10.7m (down 62% from 1H 2024). Profit margin: 1.6% (down from 9.4% in 1H 2024). The decrease in margin was driven by higher expenses. New Risk • Sep 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$750.0m (US$96.2m) 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: Minor Risks Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (HK$750.0m market cap, or US$96.2m). New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Aug 18
Lesi Group Limited to Report First Half, 2025 Results on Aug 29, 2025 Lesi Group Limited announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$1.69, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 12x in the Media industry in Hong Kong. Total loss to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.32, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Media industry in Hong Kong. Total loss to shareholders of 65% over the past year. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in FY 2023) Full year 2024 results: EPS: CN¥0.15. Revenue: CN¥681.5m (up 8.5% from FY 2023). Net income: CN¥72.5m (up 11% from FY 2023). Profit margin: 11% (in line with FY 2023). Announcement • Mar 28
Lesi Group Limited, Annual General Meeting, May 28, 2025 Lesi Group Limited, Annual General Meeting, May 28, 2025. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$1.46, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Media industry in Hong Kong. Total loss to shareholders of 50% over the past year. New Risk • Dec 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$755.0m (US$97.2m) 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 Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (HK$755.0m market cap, or US$97.2m). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.31, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 10x in the Media industry in Hong Kong. Reported Earnings • Oct 03
First half 2024 earnings released First half 2024 results: EPS: CN¥0.062. Net income: CN¥28.3m (up CN¥28.3m from 1H 2023). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$1.65, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 10x in the Media industry in Hong Kong. Reported Earnings • Aug 31
First half 2024 earnings released First half 2024 results: EPS: CN¥0.06. Net income: CN¥28.3m (up CN¥28.3m from 1H 2023). Announcement • Aug 21
Lesi Group Limited to Report First Half, 2024 Results on Aug 30, 2024 Lesi Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$750.0m (US$96.4m) 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 Risk Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risk Market cap is less than US$100m (HK$750.0m market cap, or US$96.4m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 102% After last week's 102% share price gain to HK$2.44, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 12x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$1.85, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to HK$2.64, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 10x in the Media industry in Hong Kong. Announcement • May 02
Lesi Group Limited, Annual General Meeting, May 28, 2024 Lesi Group Limited, Annual General Meeting, May 28, 2024. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 124% After last week's 124% share price gain to HK$6.89, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 17x in the Media industry in Hong Kong. Announcement • Mar 16
Lesi Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Lesi Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Mar 08
Lesi Group Limited has completed an IPO in the amount of HKD 137.5 million. Lesi Group Limited has completed an IPO in the amount of HKD 137.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,500,000
Price\Range: HKD 1.1
Discount Per Security: HKD 0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,500,000
Price\Range: HKD 1.1
Discount Per Security: HKD 0.055
Transaction Features: Regulation S