Announcement • Aug 18
Brightstar Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 31, 2026 Brightstar Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 31, 2026 New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.6m (US$9.25m) 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$72.6m market cap, or US$9.25m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to HK$1.29, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 10x in the Entertainment industry in Hong Kong. Total loss to shareholders of 96% over the past three years. New Risk • Jul 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (HK$92.3m market cap, or US$11.8m). Board Change • Jul 03
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. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Guibao Ji was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 30
Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 16, 2026 Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 16, 2026, at 10:30 China Standard Time. Location: unit d2, 5/f, hoi bun industrial building, 6 wing yip street, kwun tong, kowloon, Hong Kong Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: HK$0.028 (vs HK$0.048 in FY 2024) Full year 2025 results: EPS: HK$0.028 (down from HK$0.048 in FY 2024). Revenue: HK$165.4m (flat on FY 2024). Net income: HK$27.9m (down 34% from FY 2024). Profit margin: 17% (down from 26% in FY 2024). Announcement • Mar 13
Brightstar Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Brightstar Technology Group Co., Ltd. announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 26, 2026 Reported Earnings • Sep 04
First half 2025 earnings released: EPS: HK$0.008 (vs HK$0.013 in 1H 2024) First half 2025 results: EPS: HK$0.008 (down from HK$0.013 in 1H 2024). Revenue: HK$72.4m (down 3.4% from 1H 2024). Net income: HK$7.02m (down 35% from 1H 2024). Profit margin: 9.7% (down from 14% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Announcement • Aug 18
Brightstar Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Brightstar Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jul 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 12% 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 (12% average weekly change). Market cap is less than US$100m (HK$146.4m market cap, or US$18.6m). Announcement • May 14
Brightstar Technology Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 28.822824 million. Brightstar Technology Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 28.822824 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,385,576
Price\Range: HKD 0.137 Announcement • Apr 30
Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 17, 2025 Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 17, 2025, at 10:30 China Standard Time. Location: unit d2, 5/f, hoi bun industrial building, 6 wing yip street, kwun tong, kowloon, Hong Kong Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: HK$0.048 (vs HK$0.022 loss in FY 2023) Full year 2024 results: EPS: HK$0.048 (up from HK$0.022 loss in FY 2023). Revenue: HK$164.4m (up 72% from FY 2023). Net income: HK$42.3m (up HK$60.2m from FY 2023). Profit margin: 26% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. New Risk • Apr 01
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). Market cap is less than US$100m (HK$123.5m market cap, or US$15.9m). Announcement • Mar 18
Brightstar Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Brightstar Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Dec 23
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 19% 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 (19% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$13m). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (HK$128.1m market cap, or US$16.5m). New Risk • Sep 26
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 14% 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 (14% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$13m). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (HK$161.0m market cap, or US$20.7m). Reported Earnings • Aug 24
First half 2024 earnings released: EPS: HK$0.013 (vs HK$0.004 loss in 1H 2023) First half 2024 results: EPS: HK$0.013 (up from HK$0.004 loss in 1H 2023). Revenue: HK$75.0m (up 115% from 1H 2023). Net income: HK$10.8m (up HK$14.2m from 1H 2023). Profit margin: 14% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
Brightstar Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Brightstar Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% 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 Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (HK$151.8m market cap, or US$19.4m). Announcement • May 01
Brightstar Technology Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 16.74552 million. Brightstar Technology Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 16.74552 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,488,000
Price\Range: HKD 0.165 Announcement • Apr 09
Brightstar Technology Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 16.74552 million. Brightstar Technology Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 16.74552 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,488,000
Price\Range: HKD 0.165 New Risk • Mar 29
New major risk - Revenue and earnings growth Earnings have declined by 4.4% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 4.4% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$14m). Significant insider selling over the past 3 months (HK$55m sold). Market cap is less than US$100m (HK$164.3m market cap, or US$21.0m). Announcement • Mar 28
Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 18, 2024 Brightstar Technology Group Co., Ltd., Annual General Meeting, Jun 18, 2024. Announcement • Mar 12
Brightstar Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 25, 2024 Brightstar Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 25, 2024 Announcement • Jan 16
Brightstar Technology Group Co., Ltd. Announces Management Changes The board of directors of Brightstar Technology Group Co., Ltd. announce that with effect from 16 January 2024, Mr. Cui Hai Bin has been redesignated from an independent non-executive Director to an executive Director and chairman of the Board. Mr. Cui, aged 40, was appointed as an independent non-executive Director of the Company in May 2022 and has been redesignated as an executive Director of the Company with effect from 16 January 2024. Mr. Cui graduated from China University of Geosciences in 2007 with a major in laws. Mr. Cui is a lawyer in the PRC and currently a partner of Guangdong Promise-U (Qianhai) Law Firm (). Mr. Cui was admitted as a lawyer in the PRC in 2009. His practice covers complex corporate reorganisations and equity capital markets transactions. The Board hereby announced that Mr. Ma Lie (``Mr. Ma'') has resigned as an executive Director and chairman of the Board for personal reasons due to his intention to devote more time to his other personal commitments. Following his resignation, Mr. Ma would cease to be the chairman of the Nomination Committee will take effect from 16 January 2024. with effect from 16 January 2024, Mr. Ma has (i) resigned as an executive Director and the chairman of the Board (the ``Chairman''); and (ii) ceased to be the chairman of the Nomination Committee. As a result of Mr. Ma's resignation, Mr. Cui, an executive Director, has been appointed as chairman of the Board in place of Mr. Ma with effect from 16 January 2024. Following the redesignation of Mr. Cui from an independent non-executive Director to an executive Director and Mr. Ma's resignations as disclosed above, the composition of the Board committees will be changed as follows: (i) Mr. Cui will cease to be a member of the Audit Committee; (ii) Mr. Cui has been redesignated as a member of the Remuneration Committee and appointed as the chairman of the Nomination Committee; and (iii) Ms. Jiang Yu E, an independent non-executive Director, has been appointed as chairlady of the Remuneration Committee, with effect from 16 January 2024. The Audit Committee: Mr. Ji Gui Bao, (Chairman) Ms. Jiang Yu E, Mr. Jiang Peiyan, and Mr. Li Xiao Hua, The Remuneration Committee: Ms. Jiang Yu E (Chairlady) Mr. Ji Gui Bao, Mr. Cui Hai Bin, Mr. Jiang Peiyan and Mr. Li Xiao Hua. The Nomination Committee: Mr. Cui Hai Bin (Chairman) Ms. Jiang Yu E, Mr. Ji Gui Bao, Mr. Jiang Peiyan, Ms. Zhang Yan Ling and Mr. Li Xiao Hua. Announcement • Dec 20
Brightstar Technology Group Co., Ltd. announced that it expects to receive HKD 83.739 million in funding Brightstar Technology Group Co., Ltd. announced a private placement that it will issue 81,300,000 subscription shares at an issue price of HKD 1.03 per share for the aggregate gross proceeds of HKD 83,739,000 on December 18, 2023. Announcement • Dec 16
Brightstar Technology Group Co., Ltd. (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Hunan Wanbang Xiangfa Trading Group Co., Ltd. Brightstar Technology Group Co., Ltd. (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Hunan Wanbang Xiangfa Trading Group Co., Ltd. on December 14, 2023. Pursuant to the MOU, Brightstar will conduct due diligence review on the business, financial and legal affairs of Wanbang Xiangfa. New Risk • Dec 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$740.0m (US$94.8m) 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 Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$740.0m market cap, or US$94.8m). Reported Earnings • Nov 08
Third quarter 2023 earnings released: HK$0.001 loss per share (vs HK$0.002 profit in 3Q 2022) Third quarter 2023 results: HK$0.001 loss per share (down from HK$0.002 profit in 3Q 2022). Revenue: HK$27.6m (up 69% from 3Q 2022). Net loss: HK$848.0k (down 144% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 26
Brightstar Technology Group Co., Ltd. to Report Nine Months, 2023 Results on Nov 07, 2023 Brightstar Technology Group Co., Ltd. announced that they will report nine months, 2023 results on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to HK$1.65, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 14x in the Entertainment industry in Hong Kong. Total returns to shareholders of 871% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$1.44, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 19x in the Entertainment industry in Hong Kong. Total returns to shareholders of 1,465% over the past three years. Announcement • Aug 19
Brightstar Technology Group Co., Ltd. (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Guangdong Qiancheng Information Technology Co., Ltd. Brightstar Technology Group Co., Ltd. (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Guangdong Qiancheng Information Technology Co., Ltd. on August 18, 2023. Reported Earnings • Aug 15
Second quarter 2023 earnings released: HK$0.21 loss per share (vs HK$0.011 loss in 2Q 2022) Second quarter 2023 results: HK$0.21 loss per share. Revenue: HK$20.9m (up HK$18.3m from 2Q 2022). Net loss: HK$1.73m (loss narrowed 81% from 2Q 2022). Announcement • Jul 28
In Technical Productions Holdings Limited to Report First Half, 2023 Results on Aug 08, 2023 In Technical Productions Holdings Limited announced that they will report first half, 2023 results on Aug 08, 2023 Recent Insider Transactions • Jun 14
Executive Director recently bought HK$1.0m worth of stock On the 7th of June, Yan Ling Zhang bought around 202k shares on-market at roughly HK$5.14 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$2.1m. Despite this recent purchase, insiders have collectively sold HK$4.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 08
Executive Director recently bought HK$2.1m worth of stock On the 1st of June, Yan Ling Zhang bought around 382k shares on-market at roughly HK$5.40 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold HK$5.1m more in shares than they bought in the last 12 months. Reported Earnings • May 10
First quarter 2023 earnings released: HK$0.002 loss per share (vs HK$0.008 loss in 1Q 2022) First quarter 2023 results: HK$0.002 loss per share (improved from HK$0.008 loss in 1Q 2022). Revenue: HK$14.0m (up 161% from 1Q 2022). Net loss: HK$1.66m (loss narrowed 73% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 325% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
In Technical Productions Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 99.999994 million. In Technical Productions Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 99.999994 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 13,157,894
Price\Range: HKD 7.6
Discount Per Security: HKD 0.08
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: HK$0.009 (vs HK$0.032 loss in FY 2021) Full year 2022 results: EPS: HK$0.009 (up from HK$0.032 loss in FY 2021). Revenue: HK$69.0m (up 224% from FY 2021). Net income: HK$7.26m (up HK$32.6m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 310% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 14
Second quarter 2023 earnings released: HK$0.005 loss per share (vs HK$0.003 loss in 2Q 2022) Second quarter 2023 results: HK$0.005 loss per share (further deteriorated from HK$0.003 loss in 2Q 2022). Revenue: HK$21.5m (up 179% from 2Q 2022). Net loss: HK$4.12m (loss widened 62% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 254% per year, which means it is well ahead of earnings. Announcement • Jan 04
In Technical Productions Holdings Limited to Report First Half, 2023 Results on Jan 13, 2023 In Technical Productions Holdings Limited announced that they will report first half, 2023 results on Jan 13, 2023 Announcement • Dec 01
In Technical Productions Holdings Limited (SEHK:8446) entered into non binding agreement to acquire Zhong Chan Tou (Shenzhen) Asset Disposal Co., Ltd. In Technical Productions Holdings Limited (SEHK:8446) entered into non binding agreement to acquire Zhong Chan Tou (Shenzhen) Asset Disposal Co., Ltd on November 30, 2022. The Buyer shall be entitled to conduct due diligence review on the business, financial and legal affairs of SZ Zhong Chan Tou. Recent Insider Transactions • Nov 24
Independent Non-Executive Director recently bought HK$4.1m worth of stock On the 22nd of November, Yu E Jiang bought around 544k shares on-market at roughly HK$7.55 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold HK$14m more in shares than they bought in the last 12 months. Announcement • Nov 18
In Technical Productions Holdings Limited Announces Appointment of Directors The board of directors of In Technical Productions Holdings Limited announced that the following appointments will take effect from 17 November 2022: Ms. Zhang Yan Ling ("Ms. Zhang'') has been appointed as an executive Director and a member of Nomination Committee; and Mr. Li Xiao Hua ("Mr. Li'') has been appointed as an independent non-executive Director and member of each of Audit Committee, Remuneration Committee and Nomination Committee. Ms. Zhang Yan Ling, aged 60, graduated from Tianjin University of Finance & Economics with a bachelor degree in Economics. She worked in the Agricultural Bank of China between 1984 and 2018 with the last position as a bank manager at the Yuanling branch. Mr. Li Xiao Hua (), aged 71, has been the founder and chairman of the board of directors of Huada International Holdings Co. Limited since 1988, which businesses cover China, Japan, Southeast Asia and South America. He has been elected as the member of the 9th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the Honorary Chairman of the China Charity Federation, member of the Standing Committee of the All-China Federation of Industry and Commerce and director of the China Overseas Friendship Association. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Chairman Lie Ma was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 13
First quarter 2023 earnings released: EPS: HK$0.01 (vs HK$0.008 loss in 1Q 2022) First quarter 2023 results: EPS: HK$0.01 (up from HK$0.008 loss in 1Q 2022). Revenue: HK$11.2m (up 141% from 1Q 2022). Net income: HK$7.96m (up HK$14.4m from 1Q 2022). Profit margin: 71% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 222% per year, which means it is well ahead of earnings. Announcement • Oct 01
In Technical Productions Holdings Limited, Annual General Meeting, Nov 08, 2022 In Technical Productions Holdings Limited, Annual General Meeting, Nov 08, 2022, at 10:30 China Standard Time. Location: Unit D2, 5/F, Hoi Bun Industrial Building, 6 Wing Yip Street Kwun Tong Kowloon Hong Kong Agenda: To receive, consider and approve the audited financial statements of the company and the reports of the directors and auditor of the Company for the year ended 31 May 2022; to re-elect the following persons as the Directors; to authorize the board of directors to fix the remuneration of the Directors. Announcement • Sep 28
In Technical Productions Holdings Limited to Report Q1, 2023 Results on Oct 11, 2022 In Technical Productions Holdings Limited announced that they will report Q1, 2023 results on Oct 11, 2022 Reported Earnings • Aug 24
Full year 2022 earnings released: HK$0.03 loss per share (vs HK$0.044 loss in FY 2021) Full year 2022 results: HK$0.03 loss per share (up from HK$0.044 loss in FY 2021). Revenue: HK$20.3m (up 65% from FY 2021). Net loss: HK$24.2m (loss narrowed 31% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 233% per year, which means it is well ahead of earnings. Announcement • Aug 13
In Technical Productions Holdings Limited to Report Fiscal Year 2022 Final Results on Aug 23, 2022 In Technical Productions Holdings Limited announced that they will report fiscal year 2022 final results on Aug 23, 2022 Recent Insider Transactions • Jun 30
Insider recently sold HK$23m worth of stock On the 22nd of June, Suyun Mo sold around 5m shares on-market at roughly HK$4.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$18m more than they bought in the last 12 months. Announcement • May 12
In Technical Productions Holdings Limited Announces Management Changes In Technical Productions Holdings Limited announced that the following resignation will take effect from 11 May 2022: Mr. Li Kai Sing has resigned as an independent non-executive Director. Following the resignation of Mr. Li Kai Sing as an independent non-executive Director, he would cease to be the chairman of the audit committee of the Company and a member of each of the nomination committee of the Company and the remuneration committee of the Company; Mr. Ma Tsz Chun has resigned as an independent non-executive Director. Following the resignation of Mr. Ma Tsz Chun as an independent non-executive Director, he would cease to be the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; and Ms. Loh Lai Ping Phillis has resigned as an independent non-executive Director. Following the resignation of Ms. Loh Lai Ping Phillis as an independent non-executive Director, she would cease to be a member of each of the Audit Committee and the Remuneration Committee. The Board also announces the following appointment will take effect from 11 May 2022: Mr. Ma Lie (``Mr. Ma'') has been appointed as an executive Director and the chairman of the Nomination Committee; Mr. Ji Gui Bao (``Mr. Ji'') has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; Mr. Cui Hai Bin (``Mr. Cui'') has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; Mr. Chen Yue (``Mr. Chen'') has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; and Ms. Jiang Yu E (``Ms. Jiang'') has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Ma Lie (), aged 42, worked in Shenzhen Shengshi Great Wall Advertising Co. Ltd. between 2006 and 2019 with the last position as the general manager. Shenzhen Shengshi is principally engaged in the provision of branding, advertising and marketing services. As at the Latest Practicable Date, Mr. Ma is the supervisor of Shenzhen Qianhai Zhongyu International Asset Management Co. Ltd. which is principally engaged in investment and asset management. Mr. Ji Gui Bao has been registered as a Certified Public Accountant of the PRC since 1995. He has extensive experience in the accounting field. He has been working for Shenzhen Wanda Accounting Firm since January 2005 and is currently a partner of the firm. Mr. Cui Hai Bin, aged 39, graduated from China University of Geosciences in 2007 with a major in laws. He is a lawyer in the PRC and currently a partner of Guangdong Promise-U (Qianhai) Law Firm. Mr. Cui was admitted as a lawyer in the PRC in 2009. His practice covers complex corporate reorganisations and equity capital markets transactions. Mr. Chen has extensive experience in business development and management. He is currently the chief executive officer of Shenzhen Laihatching Internet Company Limited. Mr. Chen was the general manager of the marketing and promotion department and the public relations department of China Resources C'estbon Beverage (China) Co. Ltd., a company based in the PRC focusing on the beverage business from 2006 to December 2021. Ms. Jiang Yu E (), aged 50, is currently the chairman of Shandong Ansuyue Technology Company Limited. She has been the chairman of Shenzhen Hawfeng Ballerina Decoration Co. Ltd. since 2013. She has extensive experience in sales and corporate management. The Board announces that, with effect from 11 May 2022, Mr. Yeung Ho Ting Dennis has resigned as the chairman of the Board (the ``Chairman'') but remained as an executive Director; and ceased to act as the chairman of the Nomination Committee. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Tsz Chun Ma was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Third quarter 2022 earnings released: HK$0.008 loss per share (vs HK$0.011 loss in 3Q 2021) Third quarter 2022 results: HK$0.008 loss per share (up from HK$0.011 loss in 3Q 2021). Revenue: HK$5.34m (up 123% from 3Q 2021). Net loss: HK$6.14m (loss narrowed 31% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 179 percentage points per year, which is a significant difference in performance. Announcement • Apr 02
In Technical Productions Holdings Limited to Report Q3, 2022 Results on Apr 14, 2022 In Technical Productions Holdings Limited announced that they will report Q3, 2022 results on Apr 14, 2022 Announcement • Mar 29
In Technical Productions Holdings Limited (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Shenzhen JinHua FangCheng Technology Limited. In Technical Productions Holdings Limited (SEHK:8446) entered into a non-legally binding memorandum of understanding to acquire Shenzhen JinHua FangCheng Technology Limited on March 28, 2022. Consideration for the Proposed Acquisition are subject to further negotiations between the parties to the MOU before entering into any Formal Agreement. Pursuant to the MOU, the Buyer shall be entitled to conduct due diligence review on the business, financial and legal affairs of Shenzhen JinHua upon signing of the MOU. During the period of three months from the date of the MOU ShenzhenJinHua will negotiate with the Buyer exclusively on the Proposed Acquisition and will not discuss, negotiate and/or enter into any agreement or understanding with any other party with respect to the Proposed Acquisition or the MOU. In Technical Productions and Shenzhen JinHua shall use their best endeavors to agree on the terms of and enter into a legally binding formal agreement in relation to the Proposed Acquisition within the Exclusivity Period. Unless mutually agreed otherwise in writing, the MOU will terminate at the earlier of the expiry of the Exclusivity Period, the date on which the Buyer gives notice in writing to Shenzhen JinHua in accordance with the terms of the MOU that the results of the due diligence review are unsatisfactory, the date of execution of the Formal Agreement. Terms and conditions of the Proposed Acquisition are still being negotiated and no legally binding agreement has been entered into. Reported Earnings • Jan 17
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: HK$0.003 loss per share (up from HK$0.012 loss in 2Q 2021). Revenue: HK$7.70m (up 242% from 2Q 2021). Net loss: HK$2.55m (loss narrowed 74% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 14
First quarter 2022 earnings released: HK$0.008 loss per share (vs HK$0.011 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: HK$4.63m (up 311% from 1Q 2021). Net loss: HK$6.48m (loss narrowed 28% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Full year 2021 earnings released: HK$0.044 loss per share (vs HK$0.03 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: HK$12.3m (down 72% from FY 2020). Net loss: HK$35.0m (loss widened 44% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 14
Third quarter 2021 earnings released: HK$0.011 loss per share (vs HK$0.005 loss in 3Q 2020) Third quarter 2021 results: Net loss: HK$8.85m (loss widened 144% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Dec 30
In Technical Productions Holdings Limited to Report First Half, 2021 Results on Jan 12, 2021 In Technical Productions Holdings Limited announced that they will report first half, 2021 results on Jan 12, 2021 Reported Earnings • Oct 14
First quarter earnings released Over the last 12 months the company has reported total losses of HK$30.8m, with earnings decreasing by HK$41.3m from the prior year. Total revenue was HK$27.4m over the last 12 months, down 67% from the prior year. Announcement • Sep 25
In Technical Productions Holdings Limited to Report Q1, 2021 Results on Oct 12, 2020 In Technical Productions Holdings Limited announced that they will report Q1, 2021 results on Oct 12, 2020 Announcement • Aug 22
In Technical Productions Holdings Limited to Report Fiscal Year 2020 Results on Aug 27, 2020 In Technical Productions Holdings Limited announced that they will report fiscal year 2020 results on Aug 27, 2020