Reported Earnings • Mar 21
Full year 2025 earnings released: HK$2.97 loss per share (vs HK$12.45 profit in FY 2024) Full year 2025 results: HK$2.97 loss per share (down from HK$12.45 profit in FY 2024). Revenue: HK$566.0m (up 105% from FY 2024). Net loss: HK$1.10b (down 128% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
Z Fin Limited, Annual General Meeting, Jun 08, 2026 Z Fin Limited, Annual General Meeting, Jun 08, 2026. Announcement • Mar 05
Z Fin Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Z Fin Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 New Risk • Oct 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (34% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Sep 04
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 Adrian Jeremy Cheung was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2025 earnings released: HK$1.59 loss per share (vs HK$0.47 loss in 1H 2024) First half 2025 results: HK$1.59 loss per share (further deteriorated from HK$0.47 loss in 1H 2024). Revenue: HK$280.3m (up 171% from 1H 2024). Net loss: HK$507.1m (loss widened 237% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Sinolink Worldwide Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Sinolink Worldwide Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Aug 05
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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (36% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (36% accrual ratio). New Risk • May 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$60.2m (US$7.68m) 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 Risks High level of non-cash earnings (36% accrual ratio). Market cap is less than US$10m (HK$60.2m market cap, or US$7.68m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Apr 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: HK$0.62 (vs HK$0.044 loss in FY 2023) Full year 2024 results: EPS: HK$0.62 (up from HK$0.044 loss in FY 2023). Revenue: HK$346.3m (down 11% from FY 2023). Net income: HK$3.97b (up HK$4.25b from FY 2023). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 25
Sinolink Worldwide Holdings Limited, Annual General Meeting, May 23, 2025 Sinolink Worldwide Holdings Limited, Annual General Meeting, May 23, 2025. Announcement • Mar 12
Sinolink Worldwide Holdings Limited to Report Fiscal Year 2024 Results on Mar 24, 2025 Sinolink Worldwide Holdings Limited announced that they will report fiscal year 2024 results on Mar 24, 2025 New Risk • Mar 01
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. This is currently the only risk that has been identified for the company. Announcement • Aug 16
Sinolink Worldwide Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Sinolink Worldwide Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$777.6m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$777.6m market cap, or US$99.6m). Announcement • May 02
Sinolink Worldwide Holdings Limited announced that it expects to receive HKD 200 million in funding Sinolink Worldwide Holdings Limited announced that it has entered into Subscription Agreement to issue Convertible Bonds for an aggregate principal amount of HKD 200,000,000 on April 30, 2024. The bonds are convertible into 2,352,941,176 common shares at a conversion price of HKD 0.085 per share. The company shall be entitled at its sole discretion, by giving not less than seven days’ notice to the holder of the Convertible Bonds,propose to the holder of the Convertible Bonds to redeem the whole or any part of the outstanding Convertible Bonds in multiples of HKD 500,000 or such lesser amount as may represent the entire principal amount thereof) at any time after the date of issue of the Convertible Bonds up to and including the date falling seven days immediately before the maturity date of the Convertible Bonds. The company has paid issuance expenses of HKD 700,000 and the estimated net proceeds from the issue of the Convertible Bonds will be approximately HKD 199,300,000. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.044 loss per share (vs HK$0.022 loss in FY 2022) Full year 2023 results: HK$0.044 loss per share (further deteriorated from HK$0.022 loss in FY 2022). Revenue: HK$360.8m (up 13% from FY 2022). Net loss: HK$278.2m (loss widened 94% from FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Sinolink Worldwide Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Sinolink Worldwide Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Buy Or Sell Opportunity • Jan 23
Now 24% overvalued Over the last 90 days, the stock has fallen 27% to HK$0.087. The fair value is estimated to be HK$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$771.3m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.041 loss per share (vs HK$0.013 profit in 1H 2022) First half 2023 results: HK$0.041 loss per share (down from HK$0.013 profit in 1H 2022). Revenue: HK$155.4m (up 45% from 1H 2022). Net loss: HK$259.6m (down 405% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Aug 22
Sinolink Worldwide Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023 Sinolink Worldwide Holdings Limited provided group earnings guidance for the six months ended 30 June 2023. The board of directors of the company informed the shareholders of the company and potential investors that, based on a preliminary review of currently available information which includes, but not limited to, the management accounts of the Group for the six months ended 30 June 2023, the Group expects to record a loss attributable to owners of the Company not less than HKD 300 million for the six months ended 30 June 2023, as compared to a profit attributable to owners of the Company of approximately HKD 85 million for the same period of last year. Announcement • Aug 18
Sinolink Worldwide Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Sinolink Worldwide Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Net loss: HK$143.4m (down 175% from profit in FY 2021). Board Change • Nov 16
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Bing Xiang was the last independent director to join the board, commencing their role in 2008. 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 • Aug 31
First half 2022 earnings released: EPS: HK$0.013 (vs HK$0.023 loss in 1H 2021) First half 2022 results: EPS: HK$0.013 (up from HK$0.023 loss in 1H 2021). Revenue: HK$185.3m (up 234% from 1H 2021). Net income: HK$85.1m (up HK$199.5m from 1H 2021). Profit margin: 46% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Bing Xiang was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Oct 01
Founder & Non-Executive Director recently bought HK$29m worth of stock On the 28th of September, Yaping Ou bought around 120m shares on-market at roughly HK$0.25 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 30
First half 2021 earnings released: HK$0.023 loss per share (vs HK$0.085 loss in 1H 2020) The company reported a soft first half result with weaker revenues and control over costs, although losses reduced. First half 2021 results: Revenue: HK$55.5m (down 266% from 1H 2020). Net loss: HK$114.4m (loss narrowed 62% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: HK$0.13 loss per share (vs HK$0.089 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$141.3m (down 16% from FY 2019). Net loss: HK$453.1m (loss widened 43% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Sinolink Worldwide Holdings Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Sinolink Worldwide Holdings Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Dec 23
New 90-day high: HK$0.52 The company is up 24% from its price of HK$0.42 on 24 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: HK$0.38 The company is down 27% from its price of HK$0.52 on 17 July 2020. The Hong Kong market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total losses of HK$504.8m, largely unchanged from the prior year. Announcement • Aug 22
Sinolink Worldwide Holdings Limited to Report First Half, 2020 Results on Aug 27, 2020 Sinolink Worldwide Holdings Limited announced that they will report first half, 2020 results on Aug 27, 2020