New Risk • Apr 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CN¥67m Forecast net loss in 1 year: CN¥4.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Ke Ge was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
First half 2026 earnings released: CN¥0.025 loss per share (vs CN¥0.14 loss in 1H 2025) First half 2026 results: CN¥0.025 loss per share (improved from CN¥0.14 loss in 1H 2025). Revenue: CN¥516.0m (up 18% from 1H 2025). Net loss: CN¥18.4m (loss narrowed 81% from 1H 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in Hong Kong. Announcement • Nov 13
Beisen Holding Limited to Report First Half, 2026 Results on Nov 24, 2025 Beisen Holding Limited announced that they will report first half, 2026 results on Nov 24, 2025 Buy Or Sell Opportunity • Oct 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to HK$8.71. The fair value is estimated to be HK$7.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 18% in a year. Earnings are forecast to grow by 63% in the next year. Buy Or Sell Opportunity • Aug 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to HK$8.58. The fair value is estimated to be HK$7.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 65% in the next year. Buy Or Sell Opportunity • Jul 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to HK$8.71. The fair value is estimated to be HK$7.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 65% in the next year. Buy Or Sell Opportunity • Jun 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 59% to HK$8.87. The fair value is estimated to be HK$7.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 55% in the next year. Major Estimate Revision • Jun 26
Consensus EPS estimates upgraded to CN¥0.07 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -CN¥0.095 to -CN¥0.07 per share. Revenue forecast steady at CN¥1.10b. Software industry in Hong Kong expected to see average net income growth of 63% next year. Consensus price target up from HK$6.60 to HK$9.99. Share price was steady at HK$9.42 over the past week. Reported Earnings • Jun 20
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: CN¥0.20 loss per share (improved from CN¥4.48 loss in FY 2024). Revenue: CN¥945.1m (up 11% from FY 2024). Net loss: CN¥147.4m (loss narrowed 95% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Software industry in Hong Kong. Announcement • Jun 20
Beisen Holding Limited, Annual General Meeting, Sep 18, 2025 Beisen Holding Limited, Annual General Meeting, Sep 18, 2025. Announcement • Jun 05
Beisen Holding Limited to Report Fiscal Year 2025 Results on Jun 19, 2025 Beisen Holding Limited announced that they will report fiscal year 2025 results on Jun 19, 2025 New Risk • May 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥250m Forecast net loss in 2 years: CN¥3.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • Feb 27
Forecast to breakeven in 2027 The 3 analysts covering Beisen Holding expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 83% per year to 2026. The company is expected to make a profit of CN¥162.0m in 2027. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Announcement • Jan 16
Beisen Holding Limited (SEHK:9669) agreed to acquire Kuxuan (Beijing) Technology Co., Ltd. from a group of sellers for CNY 180 million Beisen Holding Limited (SEHK:9669) agreed to acquire Kuxuan (Beijing) Technology Co., Ltd. from a group of sellers for CNY 180 million on January 14, 2025. A cash consideration of CNY 180 million will be paid by Beisen Holding Limited. As part of consideration, CNY 180 million is paid towards common equity of Kuxuan (Beijing) Technology Co., Ltd. The transaction will be financed through equity investment of CNY 180 million.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board. New Risk • Jan 02
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$2.7m 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 are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥352m net loss in 2 years). Significant insider selling over the past 3 months (HK$2.7m sold). Recent Insider Transactions • Nov 23
Executive Chairman of the Board recently sold HK$1.5m worth of stock On the 19th of November, Zhaohui Wang sold around 367k shares on-market at roughly HK$4.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Zhaohui has been a net seller over the last 12 months, reducing personal holdings by HK$322k. Reported Earnings • Nov 22
First half 2025 earnings released: CN¥0.14 loss per share (vs CN¥4.64 loss in 1H 2024) First half 2025 results: CN¥0.14 loss per share (improved from CN¥4.64 loss in 1H 2024). Revenue: CN¥436.6m (up 9.0% from 1H 2024). Net loss: CN¥99.0m (loss narrowed 97% from 1H 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥352m net loss in 2 years). Announcement • Nov 06
Beisen Holding Limited to Report First Half, 2025 Results on Nov 18, 2024 Beisen Holding Limited announced that they will report first half, 2025 results on Nov 18, 2024 Recent Insider Transactions • Sep 27
CEO & Executive Director recently bought HK$139k worth of stock On the 23rd of September, Weiguo Ji bought around 44k shares on-market at roughly HK$3.20 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. Weiguo has been a buyer over the last 12 months, purchasing a net total of HK$1.1m worth in shares. New Risk • Aug 11
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 14% 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Jul 02
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.04b to CN¥985.6m. Losses expected to increase from CN¥0.29 per share to CN¥0.34. Software industry in Hong Kong expected to see average net income growth of 60% next year. Consensus price target up from HK$7.19 to HK$7.66. Share price fell 11% to HK$4.50 over the past week. Breakeven Date Change • Jun 28
Forecast to breakeven in 2027 The 5 analysts covering Beisen Holding expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 39% per year to 2026. The company is expected to make a profit of CN¥85.0m in 2027. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Announcement • Jun 27
Beisen Holding Limited, Annual General Meeting, Sep 20, 2024 Beisen Holding Limited, Annual General Meeting, Sep 20, 2024. Reported Earnings • Jun 26
Full year 2024 earnings: Revenues miss analyst expectations Full year 2024 results: Revenue: CN¥854.7m (up 14% from FY 2023). Net loss: CN¥3.21b (loss widened 24% from FY 2023). Revenue missed analyst estimates by 1.2%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Announcement • Jun 15
Beisen Holding Limited to Report Fiscal Year 2024 Results on Jun 25, 2024 Beisen Holding Limited announced that they will report fiscal year 2024 results on Jun 25, 2024 New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥920m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Recent Insider Transactions • Jan 24
Executive Chairman of the Board recently bought HK$765k worth of stock On the 18th of January, Zhaohui Wang bought around 160k shares on-market at roughly HK$4.78 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$10m. Zhaohui has been a buyer over the last 12 months, purchasing a net total of HK$1.3m worth in shares. Reported Earnings • Nov 29
First half 2024 earnings released: CN¥4.64 loss per share (vs CN¥0.76 loss in 1H 2023) First half 2024 results: CN¥4.64 loss per share (further deteriorated from CN¥0.76 loss in 1H 2023). Revenue: CN¥400.5m (up 14% from 1H 2023). Net loss: CN¥3.06b (loss widened CN¥2.90b from 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong. Announcement • Nov 17
Beisen Holding Limited to Report First Half, 2024 Results on Nov 27, 2023 Beisen Holding Limited announced that they will report first half, 2024 results on Nov 27, 2023 Announcement • Nov 02
Beisen Holding Limited Provides Earnings Guidance for the Six Months Ended 30 September 2023 Beisen Holding Limited provided earnings guidance for the six months ended 30 September 2023. For the period the company expects to record (i) a revenue in the range of approximatelyRMB389.4 million to approximately RMB413.9 million for the six months ended 30 September 2023, representing an increase of more than 11.0%, as compared to the revenue of approximately RMB350.8 million for the same period in 2022; and (ii) a loss attributable to the owners of the Company in the range of approximately RMB2,898.9 million to approximately RMB3,204.1 million for the six months ended 30 September 2023, as compared to a loss attributable to the owners of the Company of approximately RMB162.8 million for the same period in 2022. The increase inloss attributable to the owners of the Company was mainly due to the increase in loss from changes in fair value of the Company's redeemable convertible preferred shares and the increase in share-based payments in the range of approximately RMB2,812.9 million to approximately RMB3,110.1 million. The decrease in the adjusted net loss as well as the increase in adjusted gross profit were mainly due to the following factors: (i) the continuous increase in the Group's revenue, specially the revenue generated from subscriptions to the Cloud-based Human Capital Management ("HCM") solutions. The revenue generated from subscriptions to Cloud-based HCM solutions is expected to increase to approximately RMB282.3 million to approximately RMB312.5 million for the six months ended 30 September 2023, accounted for approximately 72.5% to 75.5% of the total revenue; and (ii) the enhancement of costs control. Starting from 2023, in response to the changes in industry and markets, the Company has taken proactive cost control measures to improve the efficiency of the service team while maintaining the health and sustainability of the business growth. Reported Earnings • Jul 31
Full year 2023 earnings released: CN¥12.16 loss per share (vs CN¥8.92 loss in FY 2022) Full year 2023 results: CN¥12.16 loss per share (further deteriorated from CN¥8.92 loss in FY 2022). Revenue: CN¥750.9m (up 11% from FY 2022). Net loss: CN¥2.60b (loss widened 36% from FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Software industry in Hong Kong. Announcement • Jul 29
Beisen Holding Limited, Annual General Meeting, Sep 20, 2023 Beisen Holding Limited, Annual General Meeting, Sep 20, 2023, at 14:00 China Standard Time. Location: 19th Floor Huarui Mansion, Xiaoyunli South Street No. 9 Courtyard, Chaoyang District, Beijing China Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors of the Company (the "Directors(s)") and independent auditor of the Company (the "Auditor") for the financial year ended March 31, 2023; To re-appoint PricewaterhouseCoopers as the Auditor and to authorise the Board to fix its remuneration for the financial year ending March 31, 2024; and to consider other matters. Announcement • Jun 20
Beisen Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2023 Beisen Holding Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2023. For the period, the company expects to record a revenue in the range of approximately RMB740.0 million to approximately RMB760.0 million for the year ended 31 March 2023, despite the negative impact of COVID-19 pandemic, as compared to a revenue of approximately RMB679.6 million for the year ended 31 March 2022; and (2) a loss attributable to the owners of the Company in the range of approximately RMB2,550.0million to approximately RMB2,650.0 million for the year ended 31 March 2023, as compared to a loss attributable to the owners of the Company of approximately RMB1,908.8 million for the year ended 31 March 2022. The increase in loss attributable to the owners of the Company for the year ended 31 March 2023 was mainly due to the following factors: an increase in loss from changes in fair value of the Company's redeemable convertible preferred shares in the range of approximately RMB600.0 million to approximately RMB610.0 million due to the increased valuation of the Company. Such changes are in one-off nature and non-recurring in future as all the redeemable convertible preferred shares were automatically converted into the ordinary shares of the Company upon the listing of the shares of the Company on The Stock Exchange of Hong Kong Limited; and the hindrance of some of the marketing activities and delivery of the Company as a result of the continued impact of COVID-19 pandemic in 2022. Announcement • Jun 16
Beisen Holding Limited to Report Fiscal Year 2023 Results on Jun 28, 2023 Beisen Holding Limited announced that they will report fiscal year 2023 results on Jun 28, 2023 Recent Insider Transactions • Apr 28
Executive Chairman of the Board recently bought HK$59k worth of stock On the 19th of April, Zhaohui Wang bought around 4k shares on-market at roughly HK$14.09 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. This was Zhaohui's only on-market trade for the last 12 months.