Announcement • Jun 02
Niche-Tech Semiconductor Materials Limited Announces Retirement of Li Chiu Fan as Non-Executive Director, Effective 1 June 2026 Niche-Tech Semiconductor Materials Limited announced that the Board was informed by Mr. Li Chiu Fan, a non-executive Director of the Company, prior to the Annual General Meeting on 1 June 2026 that he would retire and not offer himself for re-election at the Annual General Meeting to devote more time to his other personal and business commitments. Accordingly, resolution 2(a) was not presented to the Shareholders for voting. Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.055 loss per share (vs HK$0.061 loss in FY 2024) Full year 2025 results: HK$0.055 loss per share (improved from HK$0.061 loss in FY 2024). Revenue: HK$146.9m (down 25% from FY 2024). Net loss: HK$38.8m (loss narrowed 9.8% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Apr 01
Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 01, 2026 Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 01, 2026. Announcement • Mar 19
Niche-Tech Semiconductor Materials Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Niche-Tech Semiconductor Materials Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Mar 19
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 Risks Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (HK$73.4m market cap, or US$9.36m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Feb 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.6m (US$9.92m) 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 Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (HK$77.6m market cap, or US$9.92m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Dec 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.6m (US$9.97m) 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 Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (HK$77.6m market cap, or US$9.97m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Sep 25
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 13% 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 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$123.5m market cap, or US$15.9m). Reported Earnings • Sep 03
First half 2025 earnings released: HK$0.043 loss per share (vs HK$0.003 profit in 1H 2024) First half 2025 results: HK$0.043 loss per share (down from HK$0.003 profit in 1H 2024). Revenue: HK$76.8m (down 30% from 1H 2024). Net loss: HK$30.5m (down HK$32.6m from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Niche-Tech Semiconductor Materials Limited to Report First Half, 2025 Results on Aug 31, 2025 Niche-Tech Semiconductor Materials Limited announced that they will report first half, 2025 results on Aug 31, 2025 Reported Earnings • Apr 02
Full year 2024 earnings released Full year 2024 results: Revenue: HK$194.9m (down 8.3% from FY 2023). Net loss: HK$43.1m (down HK$43.6m from profit in FY 2023). Announcement • Apr 01
Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 02, 2025 Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 02, 2025. Announcement • Mar 19
Niche-Tech Semiconductor Materials Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Niche-Tech Semiconductor Materials Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Mar 11
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: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). High level of non-cash earnings (48% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (HK$119.2m market cap, or US$15.3m). Reported Earnings • Aug 26
First half 2024 earnings released: EPS: HK$0.003 (vs HK$0.002 in 1H 2023) First half 2024 results: EPS: HK$0.003 (up from HK$0.002 in 1H 2023). Revenue: HK$109.0m (up 7.3% from 1H 2023). Net income: HK$2.16m (up 93% from 1H 2023). Profit margin: 2.0% (up from 1.1% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Aug 14
Niche-Tech Semiconductor Materials Limited to Report First Half, 2024 Results on Aug 23, 2024 Niche-Tech Semiconductor Materials Limited announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Apr 19
Niche-Tech Semiconductor Materials Limited Not to Recommend the Payment of Final Dividend for the Year Ended 31 December 2023 The Board of Niche-Tech Semiconductor Materials Limited does not recommend the payment of final dividend for the year ended 31 December 2023 (2022: final dividend of HKD 0.0022 per Share was declared and paid). New Risk • Apr 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 57% 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 (57% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (HK$100.9m market cap, or US$12.9m). Announcement • Mar 29
Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 03, 2024 Niche-Tech Semiconductor Materials Limited, Annual General Meeting, Jun 03, 2024. Announcement • Mar 19
Niche-Tech Semiconductor Materials Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Niche-Tech Semiconductor Materials Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: HK$0.001 loss per share (vs HK$0.001 profit in 3Q 2022) Third quarter 2023 results: HK$0.001 loss per share (down from HK$0.001 profit in 3Q 2022). Revenue: HK$52.0m (up 13% from 3Q 2022). Net loss: HK$800.0k (down 252% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Aug 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (44% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (HK$135.5m market cap, or US$17.3m). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: HK$0 (vs HK$0.005 in 2Q 2022) Second quarter 2023 results: EPS: HK$0 (down from HK$0.005 in 2Q 2022). Revenue: HK$54.9m (down 15% from 2Q 2022). Net loss: HK$365.0k (down 110% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Niche-Tech Semiconductor Materials Limited to Report First Half, 2023 Results on Aug 09, 2023 Niche-Tech Semiconductor Materials Limited announced that they will report first half, 2023 results on Aug 09, 2023 Announcement • Jun 15
Niche-Tech Semiconductor Materials Limited Approves Final Dividend for the Ended 31 December 2022 Niche-Tech Semiconductor Materials Limited announced that at the AGM Held on 14 June 2023, approved to declare final dividend of HKD 0.0022 per share for the year ended 31 December 2022. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: HK$0.002 (vs HK$0.003 in 1Q 2022) First quarter 2023 results: EPS: HK$0.002 (down from HK$0.003 in 1Q 2022). Revenue: HK$46.7m (down 21% from 1Q 2022). Net income: HK$1.48m (down 30% from 1Q 2022). Profit margin: 3.2% (down from 3.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: HK$0.012 (vs HK$0.01 in FY 2021) Full year 2022 results: EPS: HK$0.012 (up from HK$0.01 in FY 2021). Revenue: HK$217.9m (down 13% from FY 2021). Net income: HK$8.64m (up 26% from FY 2021). Profit margin: 4.0% (up from 2.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Michael Poon was the last independent director to join the board, commencing their role in 2019. 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 • Nov 10
Third quarter 2022 earnings released: EPS: HK$0.001 (vs HK$0.003 in 3Q 2021) Third quarter 2022 results: EPS: HK$0.001 (down from HK$0.003 in 3Q 2021). Revenue: HK$46.0m (down 25% from 3Q 2021). Net income: HK$528.0k (down 75% from 3Q 2021). Profit margin: 1.1% (down from 3.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Niche-Tech Semiconductor Materials Limited to Report Q3, 2022 Results on Nov 08, 2022 Niche-Tech Semiconductor Materials Limited announced that they will report Q3, 2022 results on Nov 08, 2022 Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: HK$0.005 (vs HK$0.003 in 2Q 2021) Second quarter 2022 results: EPS: HK$0.005 (up from HK$0.003 in 2Q 2021). Revenue: HK$64.2m (down 4.5% from 2Q 2021). Net income: HK$3.55m (up 44% from 2Q 2021). Profit margin: 5.5% (up from 3.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Niche-Tech Group Limited Announces Declaration of Interim Dividend for the Year Ending 31 December 2022, Payable on October 14, 2022 Niche-Tech Group Limited announced declaration of interim dividend of HKD 0.0031 per share for the year ending 31 December 2022. Ex-dividend date is August 22, 2022, Record date is 26 August 2022 and Payment date is 14 October 2022. Announcement • Jul 30
Niche-Tech Group Limited to Report First Half, 2022 Results on Aug 09, 2022 Niche-Tech Group Limited announced that they will report first half, 2022 results on Aug 09, 2022 Announcement • Jul 29
Niche-Tech Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2022 Niche-Tech Group Limited provided group earnings guidance for the six months ended 30 June 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the Board and a preliminary review of the draft unaudited consolidated management accounts for the six months ended 30 June 2022 (the "Period"), the Group is expected to record a profit attributable to owners of the Company of not less than approximately HKD 5.5 million for the Period as compared to the profit attributable to owners of the Company of approximately HKD 4.2 million for the corresponding period in 2021. Announcement • Jun 16
Niche-Tech Group Limited Approves Final Dividend for the Year Ended 31 December 2021 Niche-Tech Group Limited announced that at the Annual General Meeting held on June 15, 2022 approved final dividend of HKD 0.0019 per share of the Company for the year ended 31 December 2021. Announcement • May 13
Niche-Tech Group Limited Proposes Final Dividend for the Year Ended December 31, 2021 Niche-Tech Group Limited announced that the annual general meeting to be held on June 15, 2022 to declare a final dividend of HKD 0.0019 per share for the year ended December 31, 2021. Reported Earnings • May 09
First quarter 2022 earnings released: EPS: HK$0.003 (vs HK$0.002 in 1Q 2021) First quarter 2022 results: EPS: HK$0.003 (up from HK$0.002 in 1Q 2021). Revenue: HK$58.7m (up 6.7% from 1Q 2021). Net income: HK$2.11m (up 24% from 1Q 2021). Profit margin: 3.6% (up from 3.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Board Change • Apr 27
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 Michael Poon was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS HK$0.003 (vs HK$0.005 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$61.1m (up 31% from 3Q 2020). Net income: HK$2.13m (up HK$5.79m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS HK$0.004 (vs HK$0.003 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$67.3m (up 101% from 2Q 2020). Net income: HK$2.46m (up HK$4.70m from 2Q 2020). Profit margin: 3.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS HK$0.002 (vs HK$0.001 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: HK$55.0m (up 54% from 1Q 2020). Net income: HK$1.71m (up HK$2.21m from 1Q 2020). Profit margin: 3.1% (up from net loss in 1Q 2020). Announcement • Apr 26
Niche-Tech Group Limited Provides Earnings Guidance for the Quarter Ended March 31, 2021 Niche-Tech Group Limited provided earnings guidance for the quarter ended March 31, 2021. For the quarter, the company expects to record an increase in total revenue of 50% to 60% as compared to a revenue of HKD 35.7 million for the corresponding period in 2020. The profit attributable to owners of the Company is expected to be not less than HKD 1.0 million for the Period as compared to a loss attributable to owners of the Company of approximately HKD 0.5 million for the corresponding period in 2020. Such increase was primarily attributable to; strong customer demand from both Semi-Conductor and LED industries which resulted in strong demand of the products of the Group; customer's deployment of new product lines for Mini-LED related products; and better product mix and strong new product sales resulted in improvement on the gross profit margin of the Group. Reported Earnings • Mar 26
Full year 2020 earnings released: HK$0.02 loss per share (vs HK$0.001 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$171.6m (down 20% from FY 2019). Net loss: HK$14.1m (loss widened HK$13.4m from FY 2019). Announcement • Mar 13
Niche-Tech Group Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Niche-Tech Group Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Executive Departure • Mar 10
Non-Executive Director has left the company On the 8th of March, Yung King Ma's tenure as Non-Executive Director ended after 3.5 years in the role. We don't have any record of a personal shareholding under Yung King's name. Yung King is the only executive to leave the company over the last 12 months. Announcement • Mar 09
Niche-Tech Group Limited Announces Board Changes Niche-Tech Group Limited announces that with effect from 8 March 2021, Mr. Ma Yung King Leo (Mr. Ma) has resigned as a non-executive Director in order to pursue other personal and business commitments. The Board announced that Mr. Li Chiu Fan (Mr. Li) has been appointed as a non-executive Director with effect from 8 March 2021. Is New 90 Day High Low • Jan 05
New 90-day high: HK$0.34 The company is up 21% from its price of HK$0.28 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 37% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: HK$0.005 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: HK$46.6m (down 9.5% from 3Q 2019). Net loss: HK$3.67m (down HK$4.53m from profit in 3Q 2019). Announcement • Oct 28
Niche-Tech Group Limited to Report Q3, 2020 Results on Nov 09, 2020 Niche-Tech Group Limited announced that they will report Q3, 2020 results on Nov 09, 2020 Is New 90 Day High Low • Oct 14
New 90-day low: HK$0.26 The company is down 35% from its price of HK$0.40 on 16 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 9.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: HK$0.27 The company is down 10.0% from its price of HK$0.30 on 19 June 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period.