New Risk • Mar 30
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 1.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (HK$269.8m market cap, or US$34.4m). New Risk • Sep 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$297.4m market cap, or US$38.3m). Reported Earnings • Aug 24
First half 2025 earnings released: CN¥0.017 loss per share (vs CN¥0.037 loss in 1H 2024) First half 2025 results: CN¥0.017 loss per share (improved from CN¥0.037 loss in 1H 2024). Revenue: CN¥6.01b (up 1.8% from 1H 2024). Net loss: CN¥22.7m (loss narrowed 53% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Apr 21
HC Group Inc., Annual General Meeting, May 30, 2025 HC Group Inc., Annual General Meeting, May 30, 2025, at 16:00 China Standard Time. Location: unit 302, 3rd floor, beiyuan, yuanyang xingfan plaza, building 1, no. 28 beiyuan road, chaoyang district, 10017, beijing China Reported Earnings • Apr 01
Full year 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.81 loss in FY 2023) Full year 2024 results: CN¥0.19 loss per share (improved from CN¥0.81 loss in FY 2023). Revenue: CN¥11.0b (down 41% from FY 2023). Net loss: CN¥247.1m (loss narrowed 77% from FY 2023). 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 31% per year, which means it is significantly lagging earnings. Announcement • Mar 07
HC Group Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 HC Group Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Feb 11
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 9.8% 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 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$301.3m market cap, or US$38.7m). New Risk • Dec 16
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 32% 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$220.1m market cap, or US$28.3m). Reported Earnings • Aug 27
First half 2024 earnings released: CN¥0.037 loss per share (vs CN¥0.62 loss in 1H 2023) First half 2024 results: CN¥0.037 loss per share (improved from CN¥0.62 loss in 1H 2023). Revenue: CN¥5.90b (down 34% from 1H 2023). Net loss: CN¥48.1m (loss narrowed 94% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Aug 20
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 9.2% 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 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (HK$230.5m market cap, or US$29.6m). Announcement • Aug 05
HC Group Inc. to Report First Half, 2024 Results on Aug 23, 2024 HC Group Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 25
Full year 2023 earnings released: CN¥0.81 loss per share (vs CN¥0.11 loss in FY 2022) Full year 2023 results: CN¥0.81 loss per share (further deteriorated from CN¥0.11 loss in FY 2022). Revenue: CN¥18.4b (up 9.9% from FY 2022). Net loss: CN¥1.06b (loss widened CN¥907.2m from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥0.81 loss per share (vs CN¥0.17 loss in FY 2022) Full year 2023 results: CN¥0.81 loss per share (further deteriorated from CN¥0.17 loss in FY 2022). Revenue: CN¥18.4b (up 9.3% from FY 2022). Net loss: CN¥1.06b (loss widened 370% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Mar 27
Hc Group Inc. Appoints Xing Jingfeng as Non-Executive Director and Member of the Remuneration Committee of the Board The board of directors of HC Group Inc. announced that Mr. XING Jingfeng has become a non-executive Director and a member of the remuneration committee of the Board with effect from 26 March 2024. Mr. XING Jingfeng, aged 45, is an assistant president of Digital China Holdings Limited ("DC Holdings"). DC Holdings is a substantial shareholder (as defined under the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchangeof Hong Kong Limited (the "Stock Exchange")) of the Company through its direct or indirect subsidiaries; its shares are listed on the Stock Exchange (stock code: 00861)). Mr. Xing joined the financial department of DC Holdings in February 1999, and he has been mainly responsible for financial or audit work of DC Holdings. He currently assumes senior management positions in several subsidiaries or investee companies of DC Holdings including (among others) a director of Digital China Software Limited since July 2015, and a director of Digital China Information Service Group Company Ltd. (whose shares are listed on the Shenzhen Stock Exchange (stock code: 000555.SZ)) since January 2022. He holds less than 0.01% of the issued shares of DC Holdings as of the date of this announcement. Mr. Xing graduated from the China Central Radio and TV University (now The Open University of China), the People's Republic of China, in July 2007, majoring in accounting. He was awarded a bachelor's degree in management in June 2009 upon completion of the accounting specialisation course jointly organised by the Beijing Technology and Business University and the China Central Radio and TV University in the People's Republic of China. Buy Or Sell Opportunity • Mar 25
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to HK$0.23. The fair value is estimated to be HK$0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 12
HC Group Inc. to Report Fiscal Year 2023 Results on Mar 26, 2024 HC Group Inc. announced that they will report fiscal year 2023 results on Mar 26, 2024 Buy Or Sell Opportunity • Feb 21
Now 25% overvalued Over the last 90 days, the stock has fallen 7.8% to HK$0.23. The fair value is estimated to be HK$0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 29
Now 20% overvalued Over the last 90 days, the stock has fallen 17% to HK$0.21. The fair value is estimated to be HK$0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 23
HC Group Inc. Provides Earnings Guidance for the Year Ended December 31, 2023 HC Group Inc. provided earnings guidance for the year ended December 31, 2023. For the year, the group expects to record a loss attributable to equity holders of the Company in a range from approximately RMB 1,700 million to RMB 2,000 million, compared to a loss attributable to equity holders of the Company of approximately RMB 224 million for the year ended 31 December 2022. Such loss for the year ended 31 December 2023 was mainly attributable to, among other things, the following principal factors: The expected impairment loss associated with the proposed disposal of 100% equity interests in Beijing Huicong Hulian Information Technology Co. Ltd. It is estimated that the Proposed Disposal will be completed in or around the first half of 2024. The Target Group therefore is classified as non-current assets held for sale as at 31 December 2023. Pursuant to HKFRS 5 Non-current Assets Held for Sale and Discontinued Operations, a full impairment review is required when the Target Group and the 40% equity interests of Chongqing Digital China Huicong Micro-credit Co., Ltd, are classified as held for sale, and an impairment loss is recognized if the fair value less costs to sell is lower than the carrying value of the Target Group and Chongqing Micro-credit. Under this circumstance, the Group is expected to record a total one-off impairment loss of approximately RMB 590 million. Impairment for goodwill and intangible assets relating to the technology-driven new retail segment cash generating unit. As stated in the Company's 2023 interim report, the Company recognized an impairment for goodwill of approximately RMB 719 million for this segment for the six months ended 30 June 2023. The Company proposes to recognize a further impairment for the goodwill and intangible assets relating to this segment for the year ended 31 December 2023, currently expected to be up to RMB 260 million. Such recognition of impairment was proposed in light of the corresponding business which could not achieve the financial results as expected at the time when the Company's 2023 interim report was finalized. The increment in advertising engagements however fell short of expectations in the second half of 2023, and the volume of advertising spending recorded a significant decline compared to that in the first half of 2023. A critical reassessment of the financial projections of ZOL was therefore performed in light of such decline, resulting in a revised future cashflow forecast projection, and thereby a further reassessment on ZOL's business valuation. In light of the revised cashflow forecast, it is proposed that a further impairment provision for the goodwill and intangible assets be made for such segment; and Impairment loss of approximately RMB 240 million on loan and interest receivables is expected to be made for the year ended 31 December 2023 before the Proposed Disposal completes, arising from certain significant overdue loans during the year from the Group's ordinary and usual course of its micro-credit business under its platform and corporate services segment. Reported Earnings • Aug 28
First half 2023 earnings released: CN¥0.62 loss per share (vs CN¥0.057 loss in 1H 2022) First half 2023 results: CN¥0.62 loss per share (further deteriorated from CN¥0.057 loss in 1H 2022). Revenue: CN¥8.91b (up 46% from 1H 2022). Net loss: CN¥809.7m (loss widened CN¥734.9m from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Aug 10
HC Group Inc. to Report First Half, 2023 Results on Aug 25, 2023 HC Group Inc. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jul 21
HC Group Inc. Provides Unaudited Earnings Guidance for the Six Months Ended 30 June 2023 HC Group Inc. provided unaudited earnings guidance for the six months ended 30 June 2023. For the period, the company expects loss attributable to equity holders of the Company in a range from approximately RMB700 million to RMB900 million for the six months ended 30 June 2023 (the "Relevant Period"). For the corresponding period in 2022, the Group recorded an unaudited loss attributable to equity holders of the Company of approximately RMB74.7 million. Based on the information currently available, the loss for the Relevant Period was mainly attributable to the combined effect of the following: The Group's technology-driven new retail segment, which mainly generate its revenue through the operation of the ZOL.com.cn website, did not achieve the expected results. ZOL has been focusing on the provision of online advertising and marketing services for 3C and living technology products in mainland China. As stated in the Company's 2022 annual report, there are significant changes in user habits in recent years. Despite various measures implemented by the Group's management to transform the ZOL's business model, ZOL faced difficulties in capitalising the opportunities arising from the recovery of economics following the release of various restrictions after the pandemic and in expanding its user base, which significantly impacted ZOL's business. The online advertising market has not resumed after the pandemic as expected in the Relevant Period. In light of the financial and business outlook of ZOL and the lack of certainty of ZOL's business to turn around in the foreseeable future, it is expected the valuation of the equity interest of ZOL as a whole will further decline and there will be impairment for the goodwill relating to this segment; and Impairment loss on financial assets, arising from certain significant overdue loans in the Relevant Period from the ordinary and usual course in the Group's micro-credit loan business under its platform and corporate services segment, is expected to be made for the Relevant Period. New Risk • Jul 11
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 9.3% 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 59% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (HK$347.1m market cap, or US$44.3m). Reported Earnings • Mar 26
Full year 2022 earnings released: CN¥0.17 loss per share (vs CN¥0.48 loss in FY 2021) Full year 2022 results: CN¥0.17 loss per share (improved from CN¥0.48 loss in FY 2021). Revenue: CN¥16.9b (down 2.9% from FY 2021). Net loss: CN¥224.3m (loss narrowed 64% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
HC Group Inc. Announces Change of Chief Executive Officer The board (the "Board") of directors (the "Directors") of HC Group Inc. announce that Mr. Zhang Yonghong will step down as the chief executive officer ("CEO") of the Company (and will remain as an executive Director) with effect from 3 February 2023 to focus on the business affairs and development of the Group's subsidiary Beijing Panpass Information Technology Co. Ltd. ("Beijing Panpass"). Mr. Liu Jun (an executive Director and the chairman of the Company) has been appointed as the CEO with effect from the same date. Mr. Zhang has been the chairman of the board of directors and the general manager of Beijing Panpass since 2018. As the Company has announced on 10 January 2023, Beijing Panpass is considering a potential public offering and listing on the Beijing Stock Exchange. This work adjustment will allow Mr. Zhang to focus on Beijing Panpass, and promote Beijing Panpass' corporate governance in preparation for its future plans and developments, and is also in line with the applicable requirements under relevant rules of the Beijing Stock Exchange. Mr. Liu has been overseeing the Group's strategic development, he has extensive experience in the industry and the experience of acting as the CEO of the Group. The Company believes that this work adjustment can facilitate Beijing Panpass's development, and allow the Group to maintain its efficient planning and implementation of business decisions and strategies under consistent leadership of the current management team without compromising the balance of power and authority, and is beneficial to the Group as a whole. Mr. Liu, aged 45, is an executive Director, the chairman and CEO of the Company. Mr. Liu was appointed as an executive Director with effect from 12 September 2016, and he previously acted as the CEO from October 2017 to January 2019. From 2004 to 2011, Mr. Liu was the chief executive officer of Yigao Group Company Limited during which he led the entity into the information technology businesses. Mr. Liu obtained a Master's degree in Chemical Engineering and a Bachelor's degree in Chemical Engineering, Bio-engineering and Chemical Processing both from Zhejiang University in March 2004 and June 2000 respectively. Mr. Liu is currently a member of the 6th Beijing Changping District Committee of the Chinese People's Political Consultative Conference. 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. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Yan Qi was the last independent director to join the board, commencing their role in 2017. 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 • Oct 03
First half 2022 earnings released: CN¥0.057 loss per share (vs CN¥0.056 loss in 1H 2021) First half 2022 results: CN¥0.057 loss per share (further deteriorated from CN¥0.056 loss in 1H 2021). Revenue: CN¥6.12b (down 13% from 1H 2021). Net loss: CN¥74.7m (loss widened 1.9% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 9 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 20
First half 2022 earnings released: CN¥0.057 loss per share (vs CN¥0.084 loss in 1H 2021) First half 2022 results: CN¥0.057 loss per share (up from CN¥0.084 loss in 1H 2021). Revenue: CN¥6.12b (down 13% from 1H 2021). Net loss: CN¥74.7m (loss narrowed 32% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.48 loss per share (down from CN¥0.46 loss in FY 2020). Revenue: CN¥17.4b (up 20% from FY 2020). Net loss: CN¥630.6m (loss widened 10% from FY 2020). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. 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. 6 non-independent directors. Independent Non-Executive Director Yan Qi was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.48 loss per share. Revenue: CN¥17.4b (up 20% from FY 2020). Net loss: CN¥630.6m (loss widened 1.8% from FY 2020). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were also behind analyst expectations. Recent Insider Transactions • Feb 20
Insider recently sold HK$344k worth of stock On the 11th of February, Lemin Zhu sold around 241k shares on-market at roughly HK$1.43 per share. In the last 3 months, they made an even bigger sale worth HK$404k. Insiders have been net sellers, collectively disposing of HK$748k more than they bought in the last 12 months. Is New 90 Day High Low • Feb 08
New 90-day high: HK$1.43 The company is up 39% from its price of HK$1.03 on 10 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 8.0% over the same period. Recent Insider Transactions • Jan 30
Insider recently sold HK$404k worth of stock On the 28th of January, Lemin Zhu sold around 385k shares on-market at roughly HK$1.05 per share. 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. Is New 90 Day High Low • Nov 25
New 90-day low: HK$0.97 The company is down 11% from its price of HK$1.09 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: HK$1.00 The company is down 20% from its price of HK$1.25 on 22 July 2020. The Hong Kong market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is down 2.0% over the same period. Announcement • Aug 11
HC Group Inc. to Report First Half, 2020 Results on Aug 25, 2020 HC Group Inc. announced that they will report first half, 2020 results on Aug 25, 2020 Announcement • Jul 22
HC International to Be Deleted from Other OTC HC International Inc. Ordinary Shares (Cayman Islands) will be deleted from Other OTC effective July 20, 2020. The deletion is due to Inactive Security. 