Announcement • May 29
Redsun Services Group Limited Reports Purported Board Changes Following Adjourned EGM Redsun Services Group Limited announced that, according to the purported minutes of the Adjourned Extraordinary General Meeting held on May 28, 2026, the following resolutions were purportedly passed: Mr. Jia Hongbo was removed from his office as an executive director of the Company; Ms. Wang Fen, Mr. Li Xiaohang, and Mr. Zhao Xianbo were removed from their offices as independent non-executive directors of the Company; Mr. Tai Shaw Hoong was appointed as executive director of the Company; Mr. Cosimo Borrelli, Mr. Donald Edward Osborn, and Ms. Chi Lai Man Jocelyn were appointed as independent non-executive directors of the Company. Reported Earnings • Mar 26
Full year 2025 earnings released: CN¥0.093 loss per share (vs CN¥0.035 profit in FY 2024) Full year 2025 results: CN¥0.093 loss per share (down from CN¥0.035 profit in FY 2024). Revenue: CN¥951.4m (down 7.3% from FY 2024). Net loss: CN¥38.5m (down 368% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Mar 24
Redsun Services Group Limited, Annual General Meeting, Jun 25, 2026 Redsun Services Group Limited, Annual General Meeting, Jun 25, 2026, at 10:00 China Standard Time. New Risk • Mar 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (HK$153.6m market cap, or US$19.6m). Announcement • Mar 12
Redsun Services Group Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Redsun Services Group Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 Announcement • Jan 14
Redsun Services Group Limited Announces Board Changes, Effective January 14, 2026 Redsun Services Group Limited announced that Mr. Zeng Junkai has tendered his resignation as a non-executive Director of the Company, the chairman of the Board, the chairman of the nomination committee and a member of the audit committee of the Board and has ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from January 14, 2026 in order to devote more time to his personal commitments. Mr. Zeng will no longer hold any position in the Group after his resignation. The resignation of Mr. Zeng will not result in the number of members of the Board falling below the minimum quorum, nor will it affect the normal operation of the Board. The Board announced that Mr. Jia Hongbo has been appointed as an executive Director, the Chairman, the chairman of the Nomination Committee and the Authorised Representative with effect from January 14, 2026. Mr. Jia, aged 43, has served as the joint company secretary of the Company since May 29, 2024. Mr. Jia joined Hong Yang Group Company Limited, the controlling shareholder of the Company, since September 2013 as the business assistant to the chairman of Hong Yang Group, and he has also held various positions of project manager, strategic investment director and operation director of Hong Yang Group. During 2016 to 2024, Mr. Jia is a senior member of the listing office of Hong Yang Group and has internally assisted the joint company secretary in handling the initial public offering of Redsun Properties Group Limited and the Company, as well as the listing compliance matters, company secretarial matters and disclosure of information after their listing. Mr. Jia has also served as the joint company secretary of Redsun Properties since May 29, 2024. He has nearly 20 years of experience in engineering management and over 10 years of experience in corporate governance and company secretarial field. Mr. Jia is a senior engineer and registered first-class structure engineer. He obtained a master’s degree of engineering from Harbin Institute of Technology in the PRC in July 2006. Prior to joining the Company, Mr. Jia served as the Director of Structure Department of Jiangsu Huake Construction Engineering Quality Testing Co., LTD. from February 2008 to September 2013, and was the Engineer of Structure Department of Jiangsu Testing Center For Quality Of Construction Engineering Co., LTD. from August 2006 to February 2008. New Risk • Oct 27
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$182.6m market cap, or US$23.5m). Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.059 (vs CN¥0.088 in 1H 2024) First half 2025 results: EPS: CN¥0.059 (down from CN¥0.088 in 1H 2024). Revenue: CN¥510.4m (up 9.7% from 1H 2024). Net income: CN¥24.4m (down 33% from 1H 2024). Profit margin: 4.8% (down from 7.9% in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Redsun Services Group Limited to Report Q2, 2025 Results on Aug 26, 2025 Redsun Services Group Limited announced that they will report Q2, 2025 results on Aug 26, 2025 Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.026 in FY 2023) Full year 2024 results: EPS: CN¥0.035 (up from CN¥0.026 in FY 2023). Revenue: CN¥1.03b (down 3.5% from FY 2023). Net income: CN¥14.4m (up 32% from FY 2023). Profit margin: 1.4% (up from 1.0% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.026 in FY 2023) Full year 2024 results: EPS: CN¥0.035 (up from CN¥0.026 in FY 2023). Revenue: CN¥1.03b (down 3.5% from FY 2023). Net income: CN¥14.4m (up 32% from FY 2023). Profit margin: 1.4% (up from 1.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • Mar 25
Redsun Services Group Limited, Annual General Meeting, Jun 25, 2025 Redsun Services Group Limited, Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Announcement • Mar 13
Redsun Services Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Redsun Services Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.088 (vs CN¥0.13 in 1H 2023) First half 2024 results: EPS: CN¥0.088 (down from CN¥0.13 in 1H 2023). Revenue: CN¥465.3m (down 14% from 1H 2023). Net income: CN¥36.6m (down 31% from 1H 2023). Profit margin: 7.9% (down from 9.8% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 51% per year, which means it has not declined as severely as earnings. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 14% 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 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$220.0m market cap, or US$28.2m). Announcement • Aug 15
Redsun Services Group Limited to Report Q2, 2024 Results on Aug 27, 2024 Redsun Services Group Limited announced that they will report Q2, 2024 results on Aug 27, 2024 Announcement • Jun 24
Redsun Services Group Limited Appoints Chen Yichun as Executive Director and Member of the Remuneration Committee The board of directors of Redsun Services Group Limited announced that Mr. Chen Yichun ("Mr. Chen") has been appointed as an executive Director and a member of the remuneration committee of the Board with effect from 24 June 2024. Mr. Chen Yichun, aged 46, has served as the Vice President of the Group (presiding over the work) since September 2022. He is currently the Executive President of the Group. Joining Hong Yang Group Company Limited, the controlling shareholder of the Group, in May 2019, Mr. Chen successively served as the general manager of the customer relations department ofRedsun Properties Group Limited and the general manager of the customer relations department of Hong Yang Group Company Limited, and has been the chief operating officer of the Group since June 2022. Prior to joining Hong Yang Group Company Limited, Mr. Chen successively worked at China Vanke Co. Ltd., a company listed on the Shenzhen Stock Exchange, CIFI Holdings (Group) Co. Ltd., and Jiangsu Zhongnan Construction Group Co.,Ltd. Mr. Chen graduated from the Northwestern Polytechnical University majoring in civil engineering, and is a national-registered first-class constructor. Announcement • May 30
Redsun Services Group Limited Announces Change of Joint Company Secretary The board of directors of Redsun Services Group Limited announced that (i) Mr. Li Yonggang (Mr. Li) has tendered his resignation as a joint company secretary of the Company (Joint Company Secretary) with effect from 29 May 2024 and will no longer hold any position in the Group after his resignation; and (the Board has resolved to appoint Mr. Jia Hongbo ("Mr. Jia") as the Joint Company Secretary with effect from 29 May 2024. Mr. Jia joined Hong Yang Group Company Limited, the controlling shareholder of the Company ("Hong Yang Group"), since September 2013 as the business assistant to the chairman of Hong Yang Group, and he has also held various positions of project manager, strategic investment director and operation director of Hong Yang Group. From 2016 to present, Mr. Jia is a senior member of the listing office of Hong Yang Group and has internally assisted the joint company secretary in handling the initial public offering of Redsun Properties Group Limited and the Company, as well as the listing compliance matters, company secretarial matters and disclosure of information after their listing. He has over 18 years of experience in engineering management and over 8 years of experience in corporate governance and company secretarial field. Mr. Jia is a senior engineer and registered first-class structure engineer. He obtained a master's degree of engineering from Harbin Institute of Technology in the PRC in July 2006. Prior to joining the Company, Mr. Jia served as the Director of Structure Department of Jiangsu Huake Construction Engineering Quality Testing Co., LTD. from February 2008 to September 2013, and was the Engineer of Structure Department of Jiangsu Testing Center For Quality Of Construction Engineering Co., LTD. from August 2006 to February 2008. Ms. Yung Mei Yee ("Ms. Yung"), the other Joint Company Secretary, will assist Mr. Jia in discharging his duties as the Joint Company Secretary. Ms. Yung is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. She has over 20 years of experience in handling company secretarial, corporate governance and compliance affairs of listed companies. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.026 (down from CN¥0.22 in FY 2022). Revenue: CN¥1.06b (down 3.6% from FY 2022). Net income: CN¥10.9m (down 88% from FY 2022). Profit margin: 1.0% (down from 8.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.03 (down from CN¥0.22 in FY 2022). Revenue: CN¥1.06b (down 3.6% from FY 2022). Net income: CN¥10.9m (down 88% from FY 2022). Profit margin: 1.0% (down from 8.3% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Announcement • Mar 22
Redsun Services Group Limited, Annual General Meeting, Jun 21, 2024 Redsun Services Group Limited, Annual General Meeting, Jun 21, 2024, at 10:00 China Standard Time. New Risk • Sep 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 88% 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 (88% accrual ratio). 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 (6.9% net profit margin). Market cap is less than US$100m (HK$220.0m market cap, or US$28.1m). Reported Earnings • Aug 25
First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 1H 2022) First half 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in 1H 2022). Revenue: CN¥543.7m (down 1.8% from 1H 2022). Net income: CN¥53.0m (down 24% from 1H 2022). Profit margin: 9.8% (down from 13% in 1H 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Announcement • Aug 24
Redsun Services Group Limited Announces Board Changes Redsun Services Group Limited announced that Ms. Yim Lai Kiu has resigned as a joint company secretary of the Company and has ceased to act as an authorised representative of the Company (the The Board further announces that Ms. Yung Mei Yee has been appointed as the Joint Company Secretary, Authorised Representative and Process Agent with effect from 24 August 2023. After the aforesaid changes, Mr. Li Yonggang will continue to serve as the other Joint Company Secretary. Mr. Li Yonggang was appointed as the Joint Company Secretary on 25 March 2021. Mr. Li, aged 46, has been the head of listing office of Hong Yang Group Company Limited, the controlling shareholder of the Company, since September 2016. He is primarily responsible for the securities affairs and compliance matters of the Group. Mr. Li has over 10 years of experience in the corporate governance and company secretarial field. Before joining the Company, from 2000 to 2008, he served as a financial staff of Anhui BBCA Biochemical Co. Ltd. (now renamed as COFCO Biochemical (Anhui) Co. Ltd., SZ000930) and Anhui Fengyuan Pharmaceutical Co. Ltd., and served as a chief financial officer of BBCA France SAS and BBCA Belgium NV, the deputy head of financial department and investment development department of Anhui Fengyuan Group Co., Limited. From 2008 to 2011, he served as secretary to the Board and chief financial officer of Anhui Tiger Biotechnology Co. Ltd. From 2011 to 2016, he served as the deputy general manager and secretary to the Board of Taifu Industrial Co. Ltd. Since April 2019, he has been appointed as a joint company secretary of Redsun Properties Group Limited (stock code: 1996.HK). Mr. Li obtained a bachelor degree of economics from Henan University of Technology in June 2000, a master degree of management from Anhui University of Finance and Economics in June 2013 and an undergraduate diploma in law from Nanjing University in July 2020. Mr. Li was awarded the qualification of Middle Grade Accountant by the Personnel Department in Anhui Province in May 2009, and he was awarded the qualification of Middle Grade Economist by the Human Resources and Social Security Department in Shandong Province in November 2014. With extensive working experience, Mr. Li is familiar with the PRC laws, company secretarial and compliance matters of the Company. Ms. Yung Mei Yee is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. Ms. Yung has over 20 years of experience in handling company secretarial, corporate governance and compliance affairs of listed companies. Ms. Yung has held various senior company secretarial positions in and acted as the company secretary or joint company secretary of a number of companies listed on the Stock Exchange. She is currently the joint company secretary of a few listed companies on the Stock Exchange. She is a fellow of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. She obtained a bachelor's degree of arts in accountancy and a master's degree of arts in language and law from the City University of Hong Kong, and a bachelor's degree of laws from the University of London. Announcement • Aug 12
Redsun Services Group Limited to Report First Half, 2023 Results on Aug 23, 2023 Redsun Services Group Limited announced that they will report first half, 2023 results on Aug 23, 2023 New Risk • Jun 13
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 9.6% 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 High level of non-cash earnings (113% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (HK$477.3m market cap, or US$60.9m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.40, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 56% over the past year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.61, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 8x in the Real Estate industry in Hong Kong. Total loss to shareholders of 48% over the past year. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.31 in FY 2021) Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.31 in FY 2021). Revenue: CN¥1.10b (down 2.4% from FY 2021). Net income: CN¥92.0m (down 28% from FY 2021). Profit margin: 8.3% (down from 11% in FY 2021). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$2.44, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 34% over the past year. Announcement • Sep 24
Redsun Services Group Limited Announces Executive Changes The board directors of Redsun Services Group Limited announced that Mr. Yang Guang has tendered his resignation as an executive Director, the executive president of the Company and a member of the nomination committee of the Board with effect from 23 September 2022 due to his personal development. Mr. Yang Guang will no longer hold any position in the Group after his resignation. The resignation of Mr. Yang Guang will not result in the number of members of the Board falling below the minimum quorum, nor will it affect the normal operation of the Board. The Board to announce that Mr. Chen Yichun has been appointed as the Vice President of the Company responsible for overall operation and management of the Company with effect from 23 September 2022. Mr. Chen Yichun, aged 44, has served as the Vice President of the Group since September 2022. Joining Hong Yang Group Company Limited, the controlling shareholder of the Group, in May 2019, Mr. Chen successively served as the general manager of the customer relations department of Redsun Properties Group Limited and the general manager of the customer relations department of Hong Yang Group Company Limited, and has been the chief operating officer of the Group since June 2022. Prior to joining Hong Yang Group Company Limited, Mr. Chen successively worked at China Vanke Co. Ltd., a company listed on the Shenzhen Stock Exchange, CIFI Holdings (Group) Co. Ltd., a company listed on The Stock Exchange of Hong Kong Limited (stock code: 00884) and Jiangsu Zhongnan Construction Group Co. Ltd., a company listed on the Shenzhen Stock Exchange, and engaged in property management, customer relationsmanagement, project management, large-scale operation management and regional management. Mr. Chen graduated from Northwestern Polytechnical University majoring in civil engineering, and is a national-registered first-class constructor. As at the date of this announcement, Mr. Chen has not held any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; does not hold other major appointments and professional qualifications; does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company or its subsidiaries; does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; and does not hold any other positions with other members of the Group. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$2.75, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 32% over the past year. Reported Earnings • Aug 24
First half 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 1H 2021) First half 2022 results: EPS: CN¥0.17 (up from CN¥0.14 in 1H 2021). Revenue: CN¥553.9m (up 4.7% from 1H 2021). Net income: CN¥69.3m (up 16% from 1H 2021). Profit margin: 13% (up from 11% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 13% growth forecast for the Real Estate industry in Hong Kong. Announcement • Aug 12
Redsun Services Group Limited to Report Q2, 2022 Results on Aug 23, 2022 Redsun Services Group Limited announced that they will report Q2, 2022 results on Aug 23, 2022 Announcement • Aug 03
Redsun Services Group Limited Announces Executive Changes The board of directors of Redsun Services Group Limited announced that Mr. Jia Jie has resigned as the chief financial officer of the Company with effect from 2 August 2022 due to his personal development. The Board announced that Hu Chunhuang has been appointed as the Chief Financial Officer of the Company with effect from 2 August 2022. Mr. Hu Chunhuang, aged 39, joined the Group in August 2022 as the Chief Financial Officer. Mr. Hu joined Hong Yang Group Company Limited, the controlling shareholder of the Group, in April 2019, and successively served as the head of financial operation function at the finance and capital center, the general manager of financial operation and management at the strategic operation center, as well as the general manager of the finance management department at the commercial group. Prior to joining Hong Yang Group Company Limited, Mr. Hu successively held office and engaged in financial and fund management in Yango Group (a company listed on the Shenzhen Stock Exchange, stock code: 000671), Wanda Commercial Properties Company Limited and Jingrui Holdings Limited (a company listed on the The Stock Exchange of Hong Kong Limited, stock code: 01862). Mr. Hu holds a bachelor's degree in management from Fuzhou University, a master's degree in accounting (MPAcc) from Shanghai University of Finance and Economics and Shanghai National Accounting Institute, he is also an associate member of the Chartered Institute of Management Accountants in the United Kingdom (ACMA) and a Chartered Global Management Accountant (CGMA). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Director & Executive President Guang Yang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Director & Executive President Guang Yang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Chairman Jie He is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 22
First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.078 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥529.1m (up 64% from 1H 2020). Net income: CN¥59.8m (up 157% from 1H 2020). Profit margin: 11% (up from 7.2% in 1H 2020). The increase in margin was driven by higher revenue. Announcement • Jul 16
Redsun Services Group Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 Redsun Services Group Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record an increase of not less than 60% in the profit of the company during the Period as compared to the adjusted profit of the same period of last year. Executive Departure • Jul 14
Independent Non-Executive Director Zhishan Jing has left the company On the 3rd of July, Zhishan Jing's tenure as Independent Non-Executive Director ended after 1.1 years in the role. We don't have any record of a personal shareholding under Zhishan's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 14
Non-Executive Director Yanbing Luo has left the company On the 9th of July, Yanbing Luo's tenure as Non-Executive Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Yanbing's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.33 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.20 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥767.9m (up 53% from FY 2019). Net income: CN¥69.8m (up 18% from FY 2019). Profit margin: 9.1% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.20 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥767.9m (up 53% from FY 2019). Net income: CN¥69.8m (up 18% from FY 2019). Profit margin: 9.1% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Mar 12
Redsun Services Group Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Redsun Services Group Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Announcement • Feb 27
Redsun Services Group Limited Announces Resignation of Jiang Daqiang as Non-Executive Director and Member of the Remuneration Committee The board of directors of Redsun Services Group Limited announced that Mr. Jiang Daqiang has tendered his resignation as a non-executive Director and a member of the remuneration committee of the Board with effect from 26 February 2021 due to his personal career development. Is New 90 Day High Low • Feb 22
New 90-day low: HK$4.40 The company is down 14% from its price of HK$5.13 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$13.67 per share. Is New 90 Day High Low • Jan 29
New 90-day low: HK$4.50 The company is down 16% from its price of HK$5.38 on 30 October 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$14.09 per share. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.55, the stock is trading at a trailing P/E ratio of 23.2x, up from the previous P/E ratio of 20.2x. This compares to an average P/E of 8x in the Real Estate industry in Hong Kong. Announcement • Jan 02
Redsun Services Group Limited (SEHK:1971) agreed to acquire 80% stake in Wuhan Huidehang Elite Property Service for approximately CNY 220 million Redsun Services Group Limited (SEHK:1971) agreed to acquire 80% stake in Wuhan Huidehang Elite Property Service for approximately CNY 220 million on December 31, 2020. Is New 90 Day High Low • Dec 08
New 90-day low: HK$4.97 The company is down 16% from its price of HK$5.92 on 09 September 2020. The Hong Kong market is up 8.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$12.50 per share. Is New 90 Day High Low • Nov 10
New 90-day low: HK$5.06 The company is down 25% from its price of HK$6.72 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$12.78 per share. Is New 90 Day High Low • Oct 22
New 90-day low: HK$5.24 The company is down 14% from its price of HK$6.08 on 24 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$14.72 per share. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of CN¥59.7m, up 30% from the prior year. Total revenue was CN¥624.7m over the last 12 months, up 47% from the prior year. Announcement • Aug 11
Redsun Services Group Limited to Report First Half, 2020 Results on Aug 20, 2020 Redsun Services Group Limited announced that they will report first half, 2020 results on Aug 20, 2020