New Risk • May 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$768.5m (US$98.1m) 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 Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$768.5m market cap, or US$98.1m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.70, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 13x in the Media industry in Hong Kong. Total loss to shareholders of 51% over the past year. Announcement • Apr 30
Easou Technology Holdings Limited, Annual General Meeting, Jun 30, 2026 Easou Technology Holdings Limited, Annual General Meeting, Jun 30, 2026, at 10:30 China Standard Time. Location: room 403, building 5c, software industry base, keyuan road, nanshan district, shenzhen China Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.085 (vs CN¥0.006 loss in FY 2024) Full year 2025 results: EPS: CN¥0.085 (up from CN¥0.006 loss in FY 2024). Revenue: CN¥781.6m (up 29% from FY 2024). Net income: CN¥32.5m (up CN¥34.6m from FY 2024). Profit margin: 4.2% (up from net loss in FY 2024). Announcement • Mar 18
Easou Technology Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Easou Technology Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Reported Earnings • Oct 05
First half 2025 earnings released: EPS: CN¥0.032 (vs CN¥0.011 in 1H 2024) First half 2025 results: EPS: CN¥0.032 (up from CN¥0.011 in 1H 2024). Revenue: CN¥382.3m (up 38% from 1H 2024). Net income: CN¥10.4m (up 207% from 1H 2024). Profit margin: 2.7% (up from 1.2% in 1H 2024). Reported Earnings • Sep 01
First half 2025 earnings released: EPS: CN¥0.032 (vs CN¥0.011 in 1H 2024) First half 2025 results: EPS: CN¥0.032 (up from CN¥0.011 in 1H 2024). Revenue: CN¥382.3m (up 38% from 1H 2024). Net income: CN¥10.4m (up 207% from 1H 2024). Profit margin: 2.7% (up from 1.2% in 1H 2024). New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Significant insider selling over the past 3 months (HK$529m sold). Announcement • Aug 19
Easou Technology Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Easou Technology Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major 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 Risk Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (HK$529m sold). Announcement • Aug 07
Easou Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 346.03962 million. Easou Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 346.03962 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 65,787,000
Price\Range: HKD 5.26
Transaction Features: Subsequent Direct Listing Announcement • Jul 24
Easou Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 338.14518 million. Easou Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 338.14518 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 65,787,000
Price\Range: HKD 5.14 New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Significant insider selling over the past 3 months (HK$183m sold). New Risk • Jul 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major 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 (15% average weekly change). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (HK$183m sold). New Risk • Jun 30
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 15% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 21
Easou Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 183.456 million. Easou Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 183.456 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,330,000
Price\Range: HKD 3.2
Transaction Features: Subsequent Direct Listing Announcement • Apr 30
Easou Technology Holdings Limited, Annual General Meeting, May 30, 2025 Easou Technology Holdings Limited, Annual General Meeting, May 30, 2025, at 10:30 China Standard Time. Location: room 403, building 5c, software industry base, keyuan road, nanshan district, shenzhen China Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.006 loss per share (vs CN¥0.16 profit in FY 2023) Full year 2024 results: CN¥0.006 loss per share (down from CN¥0.16 profit in FY 2023). Revenue: CN¥604.2m (up 8.1% from FY 2023). Net loss: CN¥2.09m (down 108% from profit in FY 2023). Announcement • Mar 19
Easou Technology Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Easou Technology Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$3.62, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 10x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$4.63, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 9x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 44% After last week's 44% share price decline to HK$6.38, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 10x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to HK$9.36, the stock trades at a trailing P/E ratio of 69.5x. Average trailing P/E is 10x in the Media industry in Hong Kong. Recent Insider Transactions • Nov 22
COO & Executive Director recently sold HK$53m worth of stock On the 19th of November, Lei Zhao sold around 6m shares on-market at roughly HK$8.75 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lei has been a net seller over the last 12 months, reducing personal holdings by HK$58m. Reported Earnings • Sep 30
First half 2024 earnings released First half 2024 results: EPS: CN¥0.011. Net income: CN¥3.39m (up CN¥3.39m from 1H 2023). Reported Earnings • Aug 31
First half 2024 earnings released First half 2024 results: EPS: CN¥0.011. Net income: CN¥3.39m (up CN¥3.39m from 1H 2023). Announcement • Aug 30
Easou Technology Holdings Limited Announces Change of Joint Company Secretary The board of directors of Easou Technology Holdings Limited announced that, Ms. Fung Po Ting ("Ms. Fung") has tendered her resignation as (i) a joint company secretary of the Company (the "Joint Company Secretary"); (ii) an authorized representative of the Company (the "Authorized Representative") pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and (iii) an authorized representative of the Company to accept service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from August 30, 2024. The Board announced that Ms. Au Wing Sze ("Ms. Au") has been appointed as the Joint Company Secretary, the Authorized Representative and the Process Agent in replacement of Ms. Fung with effect from August 30, 2024. Mr. Chen Jun ("Mr. Chen") will continue to serve as another Joint Company Secretary. Mr. Chen, aged 44, is an executive Director, the chief financial officer of the Company and the Joint Company Secretary. Mr. Chen joined the Group in September 2009. He was appointed as an executive Director on December 2, 2022 and is primarily responsible for the overall strategic decision, daily management and operation of the finance department of the Group. Mr. Chen has approximately 17 years of working experience in the accounting and finance industry. He worked in Ernst & Young Hua Ming LLP Shenzhen Branch as an auditor and then a senior auditor from September 2006 to September 2009, where he was primarily responsible for auditing. In September 2009, Mr. Chen joined the Group as the director of finance and was promoted as the vice general manager and appointed as a director in July 2013 and December 2015, respectively. He has also been the supervisor of Shenzhen Chuangtu Technology Co. Ltd. since August 2013, and the director and general manager of Shenzhen Taite Technology Co. Ltd. since November 2015. Mr. Chen graduated from Beijing Technology and Business University in the PRC with a bachelor's degree in financial management in July 2002. He also obtained a master's degree in international financial analysis from the University of Newcastle Upon Tyne in the United Kingdom in December 2004. Since July 2009, Mr. Chen has been a member of the Association of Chartered Certified Accountants ("ACCA"), and has been a fellow member of ACCA since July 2014. Ms. Au is a manager of the listing services department of TMF Hong Kong Limited and is responsible for provision of corporate secretarial and compliance services to listed companies. She has over 10 years of experience in the corporate secretarial field. Ms. Au is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Announcement • Aug 21
Easou Technology Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Easou Technology Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 08
Easou Technology Holdings Limited has completed an IPO in the amount of HKD 85.8545 million. Easou Technology Holdings Limited has completed an IPO in the amount of HKD 85.8545 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,950,000
Price\Range: HKD 5.8
Discount Per Security: HKD 0.203
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,852,500
Price\Range: HKD 5.8
Discount Per Security: HKD 0.203
Transaction Features: Regulation S Board Change • Jun 06
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Executive Chairman & CEO Xi Wang is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yingchuan An was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 