Announcement • Apr 17
AInnovation Technology Group Co., Ltd, Annual General Meeting, May 15, 2026 AInnovation Technology Group Co., Ltd, Annual General Meeting, May 15, 2026, at 09:30 China Standard Time. Location: the north star conference room, 8f, dinghao tower block a, no. 3 haidian street, haidian district, beijing, China Reported Earnings • Mar 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: CN¥0.48 loss per share (improved from CN¥1.09 loss in FY 2024). Revenue: CN¥1.51b (up 24% from FY 2024). Net loss: CN¥250.1m (loss narrowed 58% from FY 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 153%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Mar 13
AInnovation Technology Group Co., Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026 AInnovation Technology Group Co., Ltd announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 25, 2026 Reported Earnings • Sep 24
First half 2025 earnings released: CN¥0.10 loss per share (vs CN¥0.36 loss in 1H 2024) First half 2025 results: CN¥0.10 loss per share (improved from CN¥0.36 loss in 1H 2024). Revenue: CN¥699.0m (up 22% from 1H 2024). Net loss: CN¥56.2m (loss narrowed 71% from 1H 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Sep 10
Consensus EPS estimates upgraded to CN¥0.19 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -CN¥0.385 to -CN¥0.19 per share. Revenue forecast steady at CN¥1.46b. Software industry in Hong Kong expected to see average net income growth of 47% next year. Consensus price target up from HK$6.56 to HK$9.47. Share price fell 7.7% to HK$7.66 over the past week. Reported Earnings • Aug 25
First half 2025 earnings released: CN¥0.10 loss per share (vs CN¥0.36 loss in 1H 2024) First half 2025 results: CN¥0.10 loss per share (improved from CN¥0.36 loss in 1H 2024). Revenue: CN¥699.0m (up 22% from 1H 2024). Net loss: CN¥56.2m (loss narrowed 71% from 1H 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Aug 12
AInnovation Technology Group Co., Ltd to Report First Half, 2025 Results on Aug 22, 2025 AInnovation Technology Group Co., Ltd announced that they will report first half, 2025 results on Aug 22, 2025 Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 250%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥1.36b to CN¥1.39b. Forecast EPS reduced from -CN¥0.11 to -CN¥0.385 per share. Software industry in Hong Kong expected to see average net income growth of 56% next year. Consensus price target down from HK$6.47 to HK$5.12. Share price rose 6.2% to HK$3.95 over the past week. Announcement • Apr 23
AInnovation Technology Group Co., Ltd, Annual General Meeting, May 16, 2025 AInnovation Technology Group Co., Ltd, Annual General Meeting, May 16, 2025, at 08:30 China Standard Time. Location: the north star conference room, 8f, dinghao tower block a, no. 3 haidian street, haidian district, beijing China Recent Insider Transactions • Apr 13
CEO & Executive Director recently bought HK$797k worth of stock On the 7th of April, Hui Xu bought around 233k shares on-market at roughly HK$3.42 per share. This trade did not impact their existing holding. In the last 3 months, they made an even bigger purchase worth HK$8.0m. Hui has been a buyer over the last 12 months, purchasing a net total of HK$8.8m worth in shares. Reported Earnings • Apr 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥1.09 loss per share (further deteriorated from CN¥1.05 loss in FY 2023). Revenue: CN¥1.22b (down 30% from FY 2023). Net loss: CN¥593.8m (loss widened 2.0% from FY 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Apr 01
AInnovation Technology Group Co., Ltd Announces Resignation of Kwan Sau in as Joint Company Secretary, With Effect from 31 March 2025 The board of directors of AInnovation Technology Group Co. Ltd. announced that due to work arrangements, Ms. Kwan Sau In (‘Ms. Kwan’) has tendered her resignation as the joint company secretary of the Company (‘Joint Company Secretary’) under Rule 3.28 and Rule 8.17 of the Rules Governing the Listing of Securities (the ‘Listing Rules’) on The Stock Exchange of Hong Kong Limited (the ‘Hong Kong Stock Exchange’), with effect from 31 March 2025. Ms. Kwan will continue to act as an authorized representative of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for the acceptance of service of process and notices on behalf of the Company in Hong Kong. Ms. Kwan has confirmed that she has no disagreement with the Board, and there is no matter that needs to be brought to the attention of the shareholders of the Company and the Hong Kong Stock Exchange in relation to her resignation as the Joint Company Secretary. After Ms. Kwan's resignation as the Joint Company Secretary, the other Joint Company Secretary of the Company, Ms. Lv Hongyu (who possesses the qualification of a company secretary as required by Rule 3.28 of the Listing Rules), will remain in office and act as the sole company secretary of the Company. Announcement • Mar 17
AInnovation Technology Group Co., Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025 AInnovation Technology Group Co., Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Nov 25
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 22% 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 (22% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥163m net loss in 2 years). Significant insider selling over the past 3 months (HK$25m sold). Announcement • Oct 31
AInnovation Technology Group Co., Ltd (SEHK:2121) commences an Equity Buyback Plan for 56,505,073 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2024. AInnovation Technology Group Co., Ltd (SEHK:2121) commences share repurchases on October 30, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 10, 2024. As per the mandate, the company is authorized to repurchase up to 56,505,073 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its company’s ordinance. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 10, 2024, the company had 565,050,738 shares in issue.
On October 25, 2024, the company announced a share repurchase program. Under the program, the company will repurchase HKD 100 million worth of shares. The repurchases will be made from company's own funds. The Shares repurchased will be cancelled or held as stock shares. Major Estimate Revision • Sep 02
Consensus revenue estimates decrease by 26%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.86b to CN¥1.38b. EPS estimate increased from -CN¥0.583 to -CN¥0.547 per share. Software industry in Hong Kong expected to see average net income growth of 63% next year. Consensus price target down from HK$15.32 to HK$10.78. Share price rose 15% to HK$3.92 over the past week. Reported Earnings • Aug 29
First half 2024 earnings released: CN¥0.36 loss per share (vs CN¥0.36 loss in 1H 2023) First half 2024 results: CN¥0.36 loss per share (improved from CN¥0.36 loss in 1H 2023). Revenue: CN¥571.7m (down 38% from 1H 2023). Net loss: CN¥195.5m (flat on 1H 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Announcement • Aug 15
AInnovation Technology Group Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024 AInnovation Technology Group Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024 New Risk • May 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$7.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CN¥93m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (HK$7.9m sold). Recent Insider Transactions • May 23
Chief Revenue Officer recently sold HK$7.9m worth of stock On the 14th of May, Tao He sold around 1m shares on-market at roughly HK$5.26 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$11m more than they bought in the last 12 months. Announcement • Apr 19
Qingdao AInnovation Technology Group Co., Ltd., Annual General Meeting, May 10, 2024 Qingdao AInnovation Technology Group Co., Ltd., Annual General Meeting, May 10, 2024, at 13:00 China Standard Time. Location: The North Star Conference Room, 8F, Dinghao Tower Block A No. 3 Haidian Street, Haidian District, Beijing China Agenda: To consider and approve the annual report of the Company for the year 2023; to consider and approve the report of the board of directors of the Company for the year 2023; to consider and approve the report of the supervisory committee of the Company for the year 2023; to consider and approve the final accounts report of the Company for the year 2023; to consider and approve the financial budget report of the Company for the year 2024; to consider and approve the re-appointment of auditor for the year 2024; to elect directors; to consider and approve amendments to the Articles of Association; and to consider other matters. New Risk • Apr 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CN¥93m net loss in 3 years). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Breakeven Date Change • Apr 03
No longer forecast to breakeven The 3 analysts covering Qingdao AInnovation Technology Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥134.0m in 2025. New consensus forecast suggests the company will make a loss of CN¥165.0m in 2025. Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥1.05 loss per share (further deteriorated from CN¥0.66 loss in FY 2022). Revenue: CN¥1.75b (up 12% from FY 2022). Net loss: CN¥582.3m (loss widened 60% from FY 2022). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 127%. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Announcement • Mar 16
Qingdao AInnovation Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Qingdao AInnovation Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Jan 31
Qingdao Ainnovation Technology Group Co., Ltd. Announces CFO Changes Qingdao AInnovation Technology Group Co., Ltd. announced that, Mr. Xiao has also resigned as the chief financial officer of the Company (the "Chief Financial Officer"). Mr. Xiao has confirmed that he has no disagreement with the Board, and there is no matter that needs to be brought to the attention of the Shareholders and the Hong Kong Stock Exchange in relation to his resignation as the Chief Financial Officer. The Board announced that it has resolved to appoint Ms. Yu Jin ("Ms. Yu") as the Chief Financial Officer with effect from 30 January 2024. Ms. Yu Jin has been an internal control and audit officer of the Company since October 2020, and the joint financial officer of the Company since November 2022. Ms. Yu has served in PricewaterhouseCoopers Zhong Tian LLP as the senior manager of audit department from September 2009 to October 2020. Ms. Yu obtained a Master's degree in International Business and Economics from University of International Business and Economics in June 2009. Recent Insider Transactions • Nov 10
Chief Revenue Officer recently sold HK$3.5m worth of stock On the 3rd of November, Tao He sold around 444k shares on-market at roughly HK$8.00 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Nov 03
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 9.9% 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. Breakeven Date Change • Sep 05
Forecast to breakeven in 2025 The 4 analysts covering Qingdao AInnovation Technology Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥135.5m in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Reported Earnings • Sep 02
First half 2023 earnings released: CN¥0.36 loss per share (vs CN¥0.42 loss in 1H 2022) First half 2023 results: CN¥0.36 loss per share (improved from CN¥0.42 loss in 1H 2022). Revenue: CN¥923.9m (up 43% from 1H 2022). Net loss: CN¥195.7m (loss narrowed 16% from 1H 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Software industry in Hong Kong. Announcement • Aug 05
Qingdao AInnovation Technology Group Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023 Qingdao AInnovation Technology Group Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Jun 15
Qingdao AInnovation Technology Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 392.03 million. Qingdao AInnovation Technology Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 392.03 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 19,900,000
Price\Range: HKD 19.7
Transaction Features: Subsequent Direct Listing Reported Earnings • Apr 20
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: CN¥0.66 loss per share (improved from CN¥1.43 loss in FY 2021). Revenue: CN¥1.56b (up 81% from FY 2021). Net loss: CN¥363.0m (loss narrowed 43% from FY 2021). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Software industry in Hong Kong. Breakeven Date Change • Apr 03
Forecast to breakeven in 2025 The 2 analysts covering Qingdao AInnovation Technology Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥398.0m in 2025. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman Fu Lee Kai is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Keyu Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Sep 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -CN¥1.04 to -CN¥0.92 per share. Revenue forecast steady at CN¥1.47b. Software industry in Hong Kong expected to see average net income growth of 43% next year. Consensus price target up from HK$32.27 to HK$36.95. Share price was steady at HK$20.15 over the past week. Announcement • Aug 20
Qingdao AInnovation Technology Group Co., Ltd. to Report First Half, 2022 Results on Aug 31, 2022 Qingdao AInnovation Technology Group Co., Ltd. announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Jul 27
Qingdao Ainnovation Technology Group Co., Ltd. Announces Resignation of Zhou Wei as Non-Executive Director and Member of the Remuneration Committee Qingdao AInnovation Technology Group Co., Ltd. received on 26 July 2022 the written resignation tendered by Mr. Zhou Wei, a non-executive director of the Company. Due to personal work arrangement, Mr. Zhou Wei applied to resign as a non-executive director of the Company and a member of the Remuneration Committee of the Board, with effect from the date of this announcement. In accordance with Article 102 of the Company's Articles of Association (the "Articles of Association"), the Board shall consist of seven directors. After the resignation of Mr. Zhou Wei became effective, the Board consists of six members. Therefore, the Company has failed to comply with Article 102 of the Articles of Association mentioned above as a result of the resignation of Mr. Zhou Wei, but which has not caused the Board to fall below the minimum quorum of five as set out in the Company Law of the People's Republic of China and will not affect the regular operation of the Board in accordance with the law. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 14
Qingdao AInnovation Technology Group Co., Ltd., Annual General Meeting, May 10, 2022 Qingdao AInnovation Technology Group Co., Ltd., Annual General Meeting, May 10, 2022, at 14:00 China Standard Time. Location: The North Star Conference Room, 8F, Dinghao Tower Block A, No. 3 Haidian Street, Haidian District, Beijing, PRC Beijing China Agenda: To consider and approve the annual report of the Company for the year 2021; to consider and approve the final accounts report of the Company for the year 2021; to consider and approve the financial budget of the Company for the year 2022;to consider and approve the report of the board of directors of the Company for the year 2021;to consider and approve the report of the supervisory committee of the Company for the year 2021;to consider and approve the report on the initial public offering of the Company; and other subject matters. Major Estimate Revision • Apr 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥1.41b to CN¥1.45b. Forecast EPS reduced from -CN¥0.93 to -CN¥1.04 per share. Software industry in Hong Kong expected to see average net income growth of 32% next year. Consensus price target up from HK$28.51 to HK$29.10. Share price was steady at HK$14.74 over the past week.