New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 61% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$156.0m market cap, or US$19.9m). Announcement • Jun 10
Elephant Holdings Group Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2026 Elephant Holdings Group Limited provided consolidated earnings guidance for the year ended March 31, 2026. For the year, the Group is expected to record a net profit of not more than approximately HKD 5.8 million for fiscal year 2026, as compared with a net loss of approximately HKD 19.5 million for the year ended 31 March 2025 (FY2025). The Board considered that the change from net loss to net profit was primarily attributable to a significant increase in revenue of approximately HKD 157.1 million, mainly generated from the artificial intelligence ("AI")-driven solutions segment; and a reduction in impairment loss on property and equipment of approximately HKD 1.8 million. These were partially offset by (i) a decline in other net income of approximately HKD 1.4 million, mainly due to lower interest income on time deposits; (ii) higher subcontracting cost for the AI-driven solutions segment of approximately HKD 127.2 million; (iii) higher cost of inventories sold for physical gold and cryptocurrencies sales of approximately HKD 2.1 million; (iv) higher impairment loss on trade receivable and contract assets of the AI- driven solutions segment of approximately HKD 1.9 million; and (v) income tax expense of approximately HKD 0.8 million (FY2025: income tax credit of approximately HKD 0.3 million), mainly driven by the increase in taxable profit recorded for the AI-driven solutions segment. Announcement • Jun 09
Elephant Holdings Group Limited to Report Fiscal Year 2026 Results on Jun 18, 2026 Elephant Holdings Group Limited announced that they will report fiscal year 2026 results on Jun 18, 2026 Recent Insider Transactions • Apr 20
Chairlady recently bought HK$450k worth of stock On the 15th of April, Xiaoguang Di bought around 1m shares on-market at roughly HK$0.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$360b. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Apr 14
Chairlady recently bought HK$292k worth of stock On the 10th of April, Xiaoguang Di bought around 740k shares on-market at roughly HK$0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$360b. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Apr 11
Chairlady recently bought HK$458k worth of stock On the 2nd of April, Xiaoguang Di bought around 1m shares on-market at roughly HK$0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$360b. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Apr 07
Chairlady recently bought HK$80k worth of stock On the 31st of March, Xiaoguang Di bought around 200k shares on-market at roughly HK$0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$360b. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Mar 26
Chairlady recently bought HK$858k worth of stock On the 24th of March, Xiaoguang Di bought around 2m shares on-market at roughly HK$0.38 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$360b. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Mar 13
Chairlady recently bought HK$360b worth of stock On the 11th of March, Xiaoguang Di bought around 600k shares on-market at roughly HK$600,000 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Xiaoguang has been a buyer over the last 12 months, purchasing a net total of HK$360b worth in shares. Recent Insider Transactions • Feb 07
Chairlady recently bought HK$564k worth of stock On the 6th of February, Xiaoguang Di bought around 1m shares on-market at roughly HK$0.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.7m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$160m. Recent Insider Transactions • Jan 27
Chairlady recently bought HK$437k worth of stock On the 19th of January, Xiaoguang Di bought around 920k shares on-market at roughly HK$0.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.7m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$160m. Recent Insider Transactions • Jan 19
Chairlady recently bought HK$294k worth of stock On the 15th of January, Xiaoguang Di bought around 600k shares on-market at roughly HK$0.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.7m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$161m. Recent Insider Transactions • Jan 09
Chairlady recently bought HK$724k worth of stock On the 6th of January, Xiaoguang Di bought around 2m shares on-market at roughly HK$0.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.7m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$174m. Recent Insider Transactions • Dec 29
Chairlady recently bought HK$123k worth of stock On the 23rd of December, Xiaoguang Di bought around 300k shares on-market at roughly HK$0.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$1.7m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$176m. New Risk • Dec 22
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 17% 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 Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$211m sold). Market cap is less than US$100m (HK$199.2m market cap, or US$25.6m). Recent Insider Transactions • Dec 08
Chairlady recently bought HK$629k worth of stock On the 4th of December, Xiaoguang Di bought around 500k shares on-market at roughly HK$1.26 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$1.5m. Despite this recent buy, Xiaoguang has been a net seller over the last 12 months, reducing personal holdings by HK$179m. Reported Earnings • Nov 29
First half 2026 earnings released: HK$0.013 loss per share (vs HK$0.017 loss in 1H 2025) First half 2026 results: HK$0.013 loss per share (improved from HK$0.017 loss in 1H 2025). Revenue: HK$32.0m (up 247% from 1H 2025). Net loss: HK$5.41m (loss narrowed 20% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 171 percentage points per year, which is a significant difference in performance. Announcement • Nov 17
Elephant Holdings Group Limited to Report First Half, 2026 Results on Nov 27, 2025 Elephant Holdings Group Limited announced that they will report first half, 2026 results on Nov 27, 2025 New Risk • Sep 28
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$46m 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: 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 (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$46m sold). Revenue is less than US$5m (HK$18m revenue, or US$2.3m). Market cap is less than US$100m (HK$571.2m market cap, or US$73.4m). Recent Insider Transactions • Sep 28
Chairlady recently sold HK$46m worth of stock On the 25th of September, Xiaoguang Di sold around 42m shares on-market at roughly HK$1.11 per share. This transaction amounted to 14% 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 Xiaoguang's only on-market trade for the last 12 months. New Risk • Jul 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: 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 (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$18m revenue, or US$2.3m). Market cap is less than US$100m (HK$273.6m market cap, or US$34.9m). Announcement • Jul 23
Elephant Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 34.48 million. Elephant Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 34.48 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.431
Discount Per Security: HKD 0.00862
Transaction Features: Subsequent Direct Listing Announcement • Jul 07
Elephant Holdings Group Limited, Annual General Meeting, Sep 08, 2025 Elephant Holdings Group Limited, Annual General Meeting, Sep 08, 2025, at 10:00 China Standard Time. Location: room 3, 3/floor, tower 2, south seas centre, 75 mody road, tsim sha tsui east, kowloon Hong Kong Announcement • Jul 03
Elephant Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 34.48 million. Elephant Holdings Group Limited has filed a Follow-on Equity Offering in the amount of HKD 34.48 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.431
Transaction Features: Subsequent Direct Listing Reported Earnings • Jun 29
Full year 2025 earnings released: HK$0.049 loss per share (vs HK$0.057 loss in FY 2024) Full year 2025 results: HK$0.049 loss per share (improved from HK$0.057 loss in FY 2024). Revenue: HK$20.1m (down 12% from FY 2024). Net loss: HK$19.5m (loss narrowed 15% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 153 percentage points per year, which is a significant difference in performance. Announcement • Jun 17
Novacon Technology Group Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Novacon Technology Group Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 50% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (HK$18m revenue, or US$2.3m). Market cap is less than US$100m (HK$248.0m market cap, or US$31.7m). Board Change • May 07
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Kristie Ho was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 19
Di Xiaoguang proposed to acquire remaining 25% stake in Novacon Technology Group Limited (SEHK:8635) for HKD 15 million. Di Xiaoguang proposed to acquire remaining 25% stake in Novacon Technology Group Limited (SEHK:8635) for HKD 15 million on March 18, 2025. A cash consideration of HKD 15 million valued at HKD 0.15 per share will be paid by the buyer. As part of consideration, HKD 15 million is paid towards common equity of Novacon Technology Group Limited. The transaction will be financed through equity investment of HKD 15 million.
Dakin Capital Limited acted as financial advisor for Novacon Technology Group Limited. Goldlink Capital (Corporate Finance) Limited and Messis Capital Limited acted as an adviser to Di Xiaoguang. Goldlink Securities Limited has been appointed as tender offer agent. Upcoming Dividend • Feb 14
Upcoming dividend of HK$0.063 per share Eligible shareholders must have bought the stock before 21 February 2025. Payment date: 17 March 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (3.8%). Announcement • Feb 10
Novacon Technology Group Limited Announces an Interim Dividend, Payable on 17 March 2025 Novacon Technology Group Limited announced an interim dividend of HKD 0.0625 per share. Ex-dividend date is 21 February 2025. Record date is 24 February 2025. Payment date is 17 March 2025. Announcement • Nov 22
Novacon Technology Group Limited Announces Board and Committee Changes The board of directors of Novacon Technology Group Limited announced that, with effect from 22 November 2024, Mr. Wu Kin San Alfred (‘Mr. Wu’) has resigned as an independent non-executive Director, as he would like to devote more time to his other business engagements and commitments. The Board further announced that, with effect from 22 November 2024, Ms. Ho Sze Man Kristie (‘Ms. S.M. Ho’) has been appointed as an independent non-executive Director. Ms. Ho Sze Man Kristie, aged 43, has accumulated over 20 years of experience in the securities and investment banking industries. She has accumulated securities and corporate finance advisory experience at various licensed corporations. Since March 2019, Ms. S.M. Ho has been an executive director of LFG Investment Holdings Limited. Ms. S.M. Ho is also a director of Lego Corporate Finance Limited. She has acted as a responsible officer of Lego Corporate Finance Limited for Type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ‘SFO’) since January 2016 and is one of the sponsor principals of Lego Corporate Finance Limited. From September 2014 to January 2016, she worked at Celestial Capital Limited, with her last position being an executive director of corporate finance of the investment banking group and a responsible officer of Celestial Capital Limited for Type 6 (advising on corporate finance) regulated activity under the SFO. From January 2005 to September 2014, she worked at certain subsidiaries of Quam Plus International Financial Limited, with her last position being a director of financial advisory department and a responsible officer of Quam Capital Limited for Type 6 (advising on corporate finance) regulated activity under the SFO. Ms. S.M. Ho also worked at Platinum Management Services Limited, a company engaged in financial services, from September 2003 to January 2005, with her last position being a research analyst. Ms. S.M. Ho obtained a degree of Bachelor of Commerce from The University of British Columbia, Vancouver, British Columbia, Canada in May 2003. The Board announced that, with effect from 22 November 2024, the composition of the committees of the Board will be changed as follows: Audit Committee: Mr. Wu has resigned as a member of the audit committee of the Board. Ms. S.M. Ho has been appointed as a member of the Audit Committee. Remuneration Committee Mr. Wu has resigned as a member of the remuneration committee of the Board. Ms. S.M. Ho has been appointed as a member of the Remuneration Committee. Nomination Committee Mr. Wu has resigned as a member of the nomination committee of the Board. Ms. S.M. Ho has been appointed as a member of the Nomination Committee. The Board announced that, with effect from 22 November 2024, Ms. Lee Wing Yin (‘Ms. Lee’) has resigned as the company secretary of the Company; an authorised representative of the Company; and the authorized representative for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance of the Company, to pursue her career development. The Board further announced that Ms. Ho Ka Yee (“Ms. K.Y. Ho'') has been appointed as the Company Secretary and the Authorised Representatives with effect from 22 November 2024 following the resignation of Ms. Lee. Ms. Ho Ka Yee has joined Global eSolutions (HK) Limited, since January 2018 and is currently a senior accountant of the Group. Ms. K.Y. Ho has over 13 years of experience in accounting, finance and audit. Ms. K.Y. Ho obtained a degree of Bachelor of Arts in Accounting from Edinburgh Napier University in February 2012. She is a member of the Hong Kong Institute of Certified Public Accountants. Announcement • Oct 18
Novacon Technology Group Limited to Report First Half, 2025 Results on Oct 31, 2024 Novacon Technology Group Limited announced that they will report first half, 2025 results on Oct 31, 2024 Declared Dividend • Jun 24
Dividend increased to HK$0.002 Dividend of HK$0.002 is 100% higher than last year. Ex-date: 2nd August 2024 Payment date: 26th August 2024 Dividend yield will be 2.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. Announcement • Jun 22
Novacon Technology Group Limited Proposes Final Dividend for the Year Ended March 31, 2024, Payable on 26 August 2024 Novacon Technology Group Limited proposed final dividend of HKD 0.002 per share for the year ended March 31, 2024, payable on 26 August 2024. Record date is on 05 August 2024. Ex-dividend date is on 02 August 2024. Date of shareholders' approval is on 29 July 2024. Announcement • Jun 21
Novacon Technology Group Limited, Annual General Meeting, Jul 29, 2024 Novacon Technology Group Limited, Annual General Meeting, Jul 29, 2024. Reported Earnings • Jun 21
Full year 2024 earnings released: HK$0.057 loss per share (vs HK$0.014 profit in FY 2023) Full year 2024 results: HK$0.057 loss per share (down from HK$0.014 profit in FY 2023). Revenue: HK$25.6m (down 51% from FY 2023). Net loss: HK$23.0m (down HK$28.7m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • May 19
Novacon Technology Group Limited to Report Fiscal Year 2024 Results on Jun 20, 2024 Novacon Technology Group Limited announced that they will report fiscal year 2024 results on Jun 20, 2024 New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (HK$36.0m market cap, or US$4.61m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$39m revenue, or US$5.0m). Announcement • May 18
Novacon Technology Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2024 Novacon Technology Group Limited provided consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to recorded a net loss of approximately HKD 19 million for the year as compare to a net profit of approximately HKD 5.7 million for the year ended 31 March 2023. Based on the information currently available to the Company, the change from net profit position for the year ended 31 March 2023 to the expected net loss position for the year ended 31 March 2024 was mainly attributable to (i) the increase in employee benefits expenses primarily due to the one-off staff bonus paid in May 2023 and (ii) the decrease in revenue. Board Change • Feb 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Chi Wang Lo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (HK$36.0m market cap, or US$4.60m). Announcement • Oct 19
Novacon Technology Group Limited to Report First Half, 2024 Results on Oct 31, 2023 Novacon Technology Group Limited announced that they will report first half, 2024 results on Oct 31, 2023 Reported Earnings • Aug 05
First quarter 2024 earnings released: HK$0.03 loss per share (vs HK$0.007 profit in 1Q 2023) First quarter 2024 results: HK$0.03 loss per share (down from HK$0.007 profit in 1Q 2023). Revenue: HK$7.46m (down 45% from 1Q 2023). Net loss: HK$11.8m (down HK$14.5m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Jul 29
Novacon Technology Group Limited Approves Final Dividend for the Year Ended 31 March 2023 Novacon Technology Group Limited announced at annual general meeting held on July 28, 2023, the shareholders approved final dividend of HKD 0.001 per share for the year ended 31 March 2023. Announcement • Jun 28
Novacon Technology Group Limited, Annual General Meeting, Jul 28, 2023 Novacon Technology Group Limited, Annual General Meeting, Jul 28, 2023, at 10:00 China Standard Time. Location: Room 1806, 18/F, Lu Plaza, No. 2 Wing Yip Street Kwun Tong Kowloon Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company for the year ended 31 March 2023 and the reports of the directors and the independent auditor of the Company; to approve a final dividend of HK$0.001 per share of the Company for the year ended 31 March 2023; to re-elect Mr. Chung Chau Kan as an executive Director; and to re-elect Mr. Wei Ming as a non-executive Director; To authorise the board of Directors (the "Board") to fix the remuneration of the Directors; and to consider other business matters. New Risk • Jun 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Market cap is less than US$10m (HK$78.0m market cap, or US$9.96m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Jun 28
Novacon Technology Group Limited Proposes Final Dividend for the Year Ended 31 March 2023, Payable on or Before August 24, 2023 Novacon Technology Group Limited proposed final dividend of HKD 0.001 per share for the year ended 31 March 2023, at its AGM to be held on 28 July 2023. Record Date - August 3, 2023 and paid on or before August 24, 2023. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.028 in FY 2022) Full year 2023 results: EPS: HK$0.014 (down from HK$0.028 in FY 2022). Revenue: HK$54.4m (up 8.7% from FY 2022). Net income: HK$5.71m (down 49% from FY 2022). Profit margin: 11% (down from 22% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Jun 14
Novacon Technology Group Limited to Report Fiscal Year 2023 Results on Jun 26, 2023 Novacon Technology Group Limited announced that they will report fiscal year 2023 results on Jun 26, 2023 New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.0m (US$9.70m) 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 Share price has been highly volatile over the past 3 months (32% average weekly change). Market cap is less than US$10m (HK$76.0m market cap, or US$9.70m). Buying Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be HK$0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Buying Opportunity • Mar 06
Now 35% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be HK$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: HK$0.003 (vs HK$0.006 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.003 (down from HK$0.006 in 3Q 2022). Revenue: HK$13.8m (up 9.4% from 3Q 2022). Net income: HK$1.33m (down 45% from 3Q 2022). Profit margin: 9.6% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jan 20
Novacon Technology Group Limited to Report Nine Months, 2023 Results on Feb 03, 2023 Novacon Technology Group Limited announced that they will report nine months, 2023 results on Feb 03, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Chi Wang Lo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Second quarter 2023 earnings released: EPS: HK$0.01 (vs HK$0.008 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.01 (up from HK$0.008 in 2Q 2022). Revenue: HK$15.2m (up 18% from 2Q 2022). Net income: HK$3.79m (up 20% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Oct 19
Novacon Technology Group Limited to Report First Half, 2023 Results on Oct 31, 2022 Novacon Technology Group Limited announced that they will report first half, 2023 results on Oct 31, 2022 Announcement • Sep 03
Novacon Technology Group Limited Announces Management Changes Novacon Technology Group Limited announced that with effect from 2 September 2022, Ms. Chu Mei Po ("Ms. Chu") has resigned as the company secretary and an authorised representative of the Company as required under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange ("GEM Listing Rules"). The Board announced that Ms. Lee Wing Yin ("Ms. Lee") has been appointed as the Company Secretary and an Authorised Representative with effect from 2 September 2022 to fill the casual vacancy following the resignation of Ms. Chu. Ms. Lee received a degree of Bachelor of Business Administration in Accountancy from City University of Hong Kong in July 2012. Ms. Lee is a member of The Hong Kong Institute of Certified Public Accountants and has over 9 years of experience in accounting, finance and audit with international audit firms and a listed company in Hong Kong. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: HK$0.007 (vs HK$0.008 in 1Q 2022) First quarter 2023 results: EPS: HK$0.007 (down from HK$0.008 in 1Q 2022). Revenue: HK$14.4m (up 22% from 1Q 2022). Net income: HK$2.67m (down 12% from 1Q 2022). Profit margin: 19% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Novacon Technology Group Limited Approves Final Dividend for the Year Ended 31 March 2022 Novacon Technology Group Limited at its AGM held on 28 July 2022 approved final dividend of HKD 0.002 per share for the year ended 31 March 2022. Announcement • Jul 26
Novacon Technology Group Limited to Report Q1, 2023 Results on Aug 05, 2022 Novacon Technology Group Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Announcement • Jun 29
Novacon Technology Group Limited, Annual General Meeting, Jul 28, 2022 Novacon Technology Group Limited, Annual General Meeting, Jul 28, 2022, at 10:00 China Standard Time. Location: Unit 13, 1/F, Tower A Manulife Financial Centre, No. 223-231 Wai Yip Street, Kwun Tong Kowloon Hong Kong Agenda: To consider the audited consolidated financial statements of the Company for the year ended 31 March 2022 and the reports of the directors and the independent auditor of the Company; to approve a final dividend of HKD 0.002 per share for the year ended 31 March 2022; to re-election of directors; to re-appoint Baker Tilly Hong Kong Limited as auditor of the Company for the ensuing year and to authorise the Board to fix their remuneration; and to consider other matter. Reported Earnings • Jun 21
Full year 2022 earnings released: EPS: HK$0.028 (vs HK$0.033 in FY 2021) Full year 2022 results: EPS: HK$0.028 (down from HK$0.033 in FY 2021). Revenue: HK$50.4m (up 18% from FY 2021). Net income: HK$11.2m (down 14% from FY 2021). Profit margin: 22% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Jun 21
Novacon Technology Group Limited Proposes Final Dividend for the Year Ended 31 March 2022, Payable on 24 August 2022 Novacon Technology Group Limited proposed final dividend of HKD 0.002 per share for the year ended 31 March 2022, at its AGM to be held on 28 July 2022. Ex-dividend date 02 August 2022, record date is 03 August 2022 with payment date on 24 August 2022. Announcement • Jun 08
Novacon Technology Group Limited to Report Fiscal Year 2022 Results on Jun 20, 2022 Novacon Technology Group Limited announced that they will report fiscal year 2022 results on Jun 20, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Chi Wang Lo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Chi Wang Lo was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: HK$0.006 (vs HK$0.006 in 3Q 2021). Revenue: HK$12.8m (up 24% from 3Q 2021). Net income: HK$2.39m (down 5.3% from 3Q 2021). Profit margin: 19% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS HK$0.008 (vs HK$0.008 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: HK$12.8m (up 26% from 2Q 2021). Net income: HK$3.17m (down 6.0% from 2Q 2021). Profit margin: 25% (down from 33% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS HK$0.008 (vs HK$0.007 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: HK$12.3m (up 20% from 1Q 2021). Net income: HK$3.02m (up 11% from 1Q 2021). Profit margin: 25% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS HK$0.033 (vs HK$0.017 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$45.1m (up 4.9% from FY 2020). Net income: HK$13.0m (up 93% from FY 2020). Profit margin: 29% (up from 16% in FY 2020). The increase in margin was primarily driven by lower expenses. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS HK$0.006 (vs HK$0.002 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: HK$10.9m (flat on 3Q 2020). Net income: HK$2.53m (up 176% from 3Q 2020). Profit margin: 23% (up from 8.5% in 3Q 2020). Announcement • Jan 19
Novacon Technology Group Limited to Report Q3, 2021 Results on Feb 01, 2021 Novacon Technology Group Limited announced that they will report Q3, 2021 results on Feb 01, 2021 Reported Earnings • Nov 04
Second quarter 2021 earnings released: EPS HK$0.008 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$11.4m (up 6.9% from 2Q 2020). Net income: HK$3.37m (up 28% from 2Q 2020). Profit margin: 30% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Oct 20
Novacon Technology Group Limited to Report First Half, 2021 Results on Nov 02, 2020 Novacon Technology Group Limited announced that they will report first half, 2021 results on Nov 02, 2020 Announcement • Jul 23
Novacon Technology Group Limited to Report Q1, 2021 Results on Aug 05, 2020 Novacon Technology Group Limited announced that they will report Q1, 2021 results on Aug 05, 2020