Reported Earnings • Apr 21
Full year 2025 earnings released: HK$0.045 loss per share (vs HK$0.057 profit in FY 2024) Full year 2025 results: HK$0.045 loss per share (down from HK$0.057 profit in FY 2024). Revenue: HK$2.12b (down 9.5% from FY 2024). Net loss: HK$121.5m (down 177% 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 57 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Hi Sun Technology (China) Limited, Annual General Meeting, May 20, 2026 Hi Sun Technology (China) Limited, Annual General Meeting, May 20, 2026, at 11:30 China Standard Time. Location: room 2515, 25th floor, sun hung kai centre, 30 harbour road, wanchai., Hong Kong Reported Earnings • Mar 20
Full year 2025 earnings released: HK$0.045 loss per share (vs HK$0.057 profit in FY 2024) Full year 2025 results: HK$0.045 loss per share (down from HK$0.057 profit in FY 2024). Revenue: HK$2.12b (down 9.5% from FY 2024). Net loss: HK$121.5m (down 177% 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 56 percentage points per year, which is a significant difference in performance. New Risk • Mar 15
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 38% 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. Announcement • Mar 09
Hi Sun Technology (China) Limited to Report Fiscal Year 2025 Results on Mar 19, 2026 Hi Sun Technology (China) Limited announced that they will report fiscal year 2025 results on Mar 19, 2026 Announcement • Jan 06
Hi Sun Technology (China) Limited Provides Unaudited Earnings Guidance for the Year Ended 31 December 2025 Hi Sun Technology (China) Limited provided unaudited earnings guidance for the year ended 31 December 2025. For the year, the company expects to record an operating loss for the year ended 31 December 2025 ("YEAR 2025") as compared to the operating profit of approximately HKD 99.8 million for the year ended 31 December 2024 ("YEAR 2024"). The Group firmly believes that this strategic adjustment will lay the cornerstone for more stable development in the long run. Reported Earnings • Aug 21
First half 2025 earnings released: HK$0.004 loss per share (vs HK$0.001 profit in 1H 2024) First half 2025 results: HK$0.004 loss per share (down from HK$0.001 profit in 1H 2024). Revenue: HK$961.7m (down 18% from 1H 2024). Net loss: HK$11.4m (down 436% from profit in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Jul 02
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 11% 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 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: HK$0.057 (vs HK$0.17 in FY 2023) Full year 2024 results: EPS: HK$0.057 (down from HK$0.17 in FY 2023). Revenue: HK$2.34b (down 14% from FY 2023). Net income: HK$157.6m (down 66% from FY 2023). Profit margin: 6.7% (down from 17% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Hi Sun Technology (China) Limited, Annual General Meeting, May 21, 2025 Hi Sun Technology (China) Limited, Annual General Meeting, May 21, 2025, at 11:30 China Standard Time. Location: room 2515, 25th floor, sun hung, 30 harbour road, wanchai, Hong Kong Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: HK$0.057 (vs HK$0.17 in FY 2023) Full year 2024 results: EPS: HK$0.057 (down from HK$0.17 in FY 2023). Revenue: HK$2.34b (down 14% from FY 2023). Net income: HK$157.6m (down 66% from FY 2023). Profit margin: 6.7% (down from 17% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Mar 16
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 Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Announcement • Mar 08
Hi Sun Technology (China) Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Hi Sun Technology (China) Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Announcement • Jan 02
Hi Sun Technology (China) Limited Provides Earnings Guidance for the Eleven Months Ended 30 November 2024 Hi Sun Technology (China) Limited provided earnings guidance for the eleven months ended 30 November 2024. The operating profit for the eleven months ended 30 November 2024 has significantly decreased by approximately 86% as compared with that for the eleven months ended 30 November 2023. The Group is expected to record a significant decrease in operating profit, or even an operating loss, for the year ending 31 December 2024 as compared to the operating profit of approximately HKD 74.5 million for the year ended 31 December 2023. The significant decrease in operating profit or even an operating loss is primarily attributable to (1) the reduced interest income and operating profit under the fintech services segment due to a decline in volume of loans granted given the recent economic conditions and expected rise in default rates; (2) while the digital services business is still in the expansion stage, the handling fee rate of digital payment is lower than that of traditional payment. Further replacement of the traditional payment market by digital payments has resulted in a decrease in revenue and operating profit under the payment and digital services segment; and (3) resources allocated to the overseas and cross-border businesses continued to increase under the payment and digital services segment. Despite the expected short-term pressure during the phase of digital transformation, the Group firmly believes that this strategic adjustment will lay the cornerstone for more stable development in the future. Reported Earnings • Aug 26
First half 2024 earnings released: EPS: HK$0.001 (vs HK$0.12 in 1H 2023) First half 2024 results: EPS: HK$0.001 (down from HK$0.12 in 1H 2023). Revenue: HK$1.18b (down 10% from 1H 2023). Net income: HK$3.40m (down 99% from 1H 2023). Profit margin: 0.3% (down from 24% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Aug 21
New major risk - Revenue and earnings growth Earnings have declined by 7.4% 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 7.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Announcement • Aug 09
Hi Sun Technology (China) Limited to Report First Half, 2024 Results on Aug 20, 2024 Hi Sun Technology (China) Limited announced that they will report first half, 2024 results on Aug 20, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: HK$0.17 (vs HK$0.16 in FY 2022) Full year 2023 results: EPS: HK$0.17 (up from HK$0.16 in FY 2022). Revenue: HK$2.71b (down 21% from FY 2022). Net income: HK$463.4m (up 7.8% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Apr 19
Hi Sun Technology (China) Limited, Annual General Meeting, May 22, 2024 Hi Sun Technology (China) Limited, Annual General Meeting, May 22, 2024, at 11:30 China Standard Time. Location: Room 2515, 25th Floor, Sun Hung Kai Centre, 30 Harbour Road Wanchai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors of the Company and the auditor of the Company for the year ended 31 December 2023; to re-elect Mr. Li Wenjin as a Director; to re-elect Mr. Tam Chun Fai as a Director; to re-elect Mr. Leung Wai Man, Roger, as a Director; to re-elect Ms. Hui Lok Yan as a Director; to authorise the Board of Directors to fix the remuneration of the Directors; to re-appoint PricewaterhouseCoopers as the auditor of the Company and to authorise the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: HK$0.17 (vs HK$0.16 in FY 2022) Full year 2023 results: EPS: HK$0.17 (up from HK$0.16 in FY 2022). Revenue: HK$2.71b (down 21% from FY 2022). Net income: HK$463.4m (up 7.8% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Mar 15
Hi Sun Technology (China) Limited Appoints Hui Lok Yan as Executive Director The board of directors of Hi Sun Technology (China) Limited announced that Ms. Hui Lok Yan ("Ms. Hui") has been appointed as an executive director of the Company with effect from 14 March 2024. Ms. Hui, aged 45, is the Chief Financial Officer and Joint Company Secretary of the Company and a director of certain subsidiaries of the Company. She graduated from the Chinese University of Hong Kong with a bachelor 's degree in business administration.Ms. Hui is currently a certified public accountant of the Hong Kong Institute of Certified Public Accountants. Prior to joining the Group in 2007, she was a manager of an international public accountancy firm. New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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. This is currently the only risk that has been identified for the company. Announcement • Mar 08
Hi Sun Technology (China) Limited to Report Fiscal Year 2023 Results on Mar 19, 2024 Hi Sun Technology (China) Limited announced that they will report fiscal year 2023 results on Mar 19, 2024 Announcement • Dec 31
Hi Sun Technology (China) Limited Provides Earnings Guidance for the Year Ending 31 December 2023 Hi Sun Technology (China) Limited provided earnings guidance for the year ending 31 December 2023. The group is expected to record a significant decrease in operating profit for the year ending 31 December 2023 as compared to the operating profit of approximately HKD 378.1 million for the year ended 31 December 2022. Reported Earnings • Aug 18
First half 2023 earnings released: EPS: HK$0.001 (vs HK$0.23 in 1H 2022) First half 2023 results: EPS: HK$0.001 (down from HK$0.23 in 1H 2022). Revenue: HK$1.31b (down 25% from 1H 2022). Net income: HK$316.3m (down 50% from 1H 2022). Profit margin: 24% (down from 36% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 23% per year. Announcement • Aug 08
Hi Sun Technology (China) Limited to Report First Half, 2023 Results on Aug 17, 2023 Hi Sun Technology (China) Limited announced that they will report first half, 2023 results on Aug 17, 2023 Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: HK$0.16 (vs HK$1.25 in FY 2021) Full year 2022 results: EPS: HK$0.16 (down from HK$1.25 in FY 2021). Revenue: HK$3.43b (down 18% from FY 2021). Net income: HK$429.8m (down 88% from FY 2021). Profit margin: 13% (down from 83% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% 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 an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Heguo Li 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. Insufficient board refreshment. Announcement • Aug 19
Hi Sun Technology (China) Limited Announces Executive changes Hi Sun Technology (China) Limited announced that Mr. Cheung Yuk Fung has resigned as the executive director of the Company and Chairman of the Board with effect from 18 August 2022 due to his decision to devote more time to other commitments and engagements. Mr. Cheung has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board is pleased to further announce that, following the resignation of Mr. Cheung, Mr. Xu Wensheng ("Mr. Xu"), an executive director of the Company, has been elected and appointed as the Chairman of the Board with effect from 18 August 2022. Mr. Xu, age 54, joined the Group in 2003 and was appointed as an executive director of the Company in 2003. Mr. Xu also serves as a member of the Risk Management Committee of the Board and the director of certain subsidiaries of the Company. He graduated from the Dalian University of Technology with a bachelor's degree in computer science and engineering. Prior to joining the Group, Mr. Xu was the president of a system integration company and has extensive experience in computer systems integration of the financial industry. Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$3.29b from profit in 1H 2021). Profit margin: (down from 149% in 1H 2021). Announcement • Aug 03
Hi Sun Technology (China) Limited to Report Q2, 2022 Results on Aug 11, 2022 Hi Sun Technology (China) Limited announced that they will report Q2, 2022 results on Aug 11, 2022 Board Change • Apr 27
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 an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Heguo Li 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. Insufficient board refreshment. Announcement • Apr 15
Hi Sun Technology (China) Limited Announces Retirement of Chang Kai-Tzung, Richard as Independent Non-Executive Director, Effective April 19, 2022 Hi Sun Technology (China) Limited announced that Mr. Chang Kai-Tzung, Richard being advanced in retirement age, has decided to retire as an independent non-executive director and a member of the audit committee of the Company with effect from the expiration of the current term of his service agreement on 19 April 2022. Announcement • Apr 02
Hi Sun Technology (China) Limited, Annual General Meeting, May 12, 2022 Hi Sun Technology (China) Limited, Annual General Meeting, May 12, 2022, at 15:00 China Standard Time. Location: at Room 2515, 25th Floor, Sun Hung Kai Centre, 30 Harbour Road, Wanchai Hong Kong Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors of the Company (the "Directors") and the auditor of the Company for the year ended 31 December 2021; to re-elect Mr. Cheung Yuk Fung as a Director; to re-elect Mr. Tam Chun Fai as a Director; to re-elect Mr. Leung Wai Man, Roger as a Director; to re-elect Mr. Li Heguo as a Director; and to consider other maters. Reported Earnings • Aug 15
First half 2021 earnings released: EPS HK$1.19 (vs HK$0.057 in 1H 2020) First half 2021 results: Revenue: HK$2.22b (up 9.6% from 1H 2020). Net income: HK$3.29b (up HK$3.13b from 1H 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.57, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the IT industry in Hong Kong. Total returns to shareholders of 14% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS HK$0.24 (vs HK$0.20 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$4.14b (down 26% from FY 2019). Net income: HK$656.7m (up 15% from FY 2019). Profit margin: 16% (up from 10% in FY 2019). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS HK$0.24 (vs HK$0.20 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$4.14b (down 26% from FY 2019). Net income: HK$656.7m (up 15% from FY 2019). Profit margin: 16% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 18
Hi Sun Technology (China) Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Hi Sun Technology (China) Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to HK$2.06, the stock is trading at a trailing P/E ratio of 14.4x, down from the previous P/E ratio of 18.1x. This compares to an average P/E of 17x in the IT industry in Hong Kong. Total returns to shareholders over the past three years are 29%. Is New 90 Day High Low • Feb 02
New 90-day high: HK$1.64 The company is up 91% from its price of HK$0.86 on 04 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 25% share price gain to HK$1.64, the stock is trading at a trailing P/E ratio of 11.4x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 15x in the IT industry in Hong Kong. Total returns to shareholders over the past three years are 14%. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.20, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 14x in the IT industry in Hong Kong. Total return to shareholders over the past three years is a loss of 30%. Is New 90 Day High Low • Jan 12
New 90-day high: HK$1.20 The company is up 32% from its price of HK$0.91 on 14 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 22% share price gain to HK$1.11, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 13x in the IT industry in Hong Kong. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Dec 10
New 90-day high: HK$1.03 The company is up 18% from its price of HK$0.87 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day low: HK$0.84 The company is down 3.0% from its price of HK$0.87 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 25% over the same period. Announcement • Aug 04
Hi Sun Technology (China) Limited to Report First Half, 2020 Results on Aug 13, 2020 Hi Sun Technology (China) Limited announced that they will report first half, 2020 results on Aug 13, 2020 
