Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Chairman Wei Yu is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Mar 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$91m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$91m free cash flow). Minor Risk Market cap is less than US$100m (HK$385.2m market cap, or US$49.2m). Reported Earnings • Feb 23
First half 2026 earnings released: HK$0.006 loss per share (vs HK$0.005 loss in 1H 2025) First half 2026 results: HK$0.006 loss per share (further deteriorated from HK$0.005 loss in 1H 2025). Revenue: HK$121.0m (down 14% from 1H 2025). Net loss: HK$7.96m (loss widened 21% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$15m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$15m free cash flow). Minor Risk Market cap is less than US$100m (HK$406.6m market cap, or US$52.0m). Announcement • Feb 05
PINE Technology Holdings Limited to Report First Half, 2026 Results on Feb 20, 2026 PINE Technology Holdings Limited announced that they will report first half, 2026 results on Feb 20, 2026 Announcement • Dec 23
PINE Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 30 million. PINE Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: HKD 0.3
Discount Per Security: HKD 0.00495
Transaction Features: Subsequent Direct Listing Announcement • Dec 09
PINE Technology Holdings Limited, Annual General Meeting, Dec 31, 2025 PINE Technology Holdings Limited, Annual General Meeting, Dec 31, 2025, at 11:00 China Standard Time. Location: unit 1203b, 12/f., worldwide house, 19 des voeux road central, Hong Kong Board Change • Dec 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Leiyu Chen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Full year 2025 earnings released: HK$0.013 loss per share (vs HK$0.034 profit in FY 2024) Full year 2025 results: HK$0.013 loss per share (down from HK$0.034 profit in FY 2024). Revenue: HK$303.4m (up 29% from FY 2024). Net loss: HK$17.1m (down 138% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 01
Full year 2025 earnings released: HK$0.013 loss per share (vs HK$0.034 profit in FY 2024) Full year 2025 results: HK$0.013 loss per share (down from HK$0.034 profit in FY 2024). Revenue: HK$303.4m (up 29% from FY 2024). Net loss: HK$17.1m (down 138% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$78.3m (US$9.97m) 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 (30% average weekly change). Market cap is less than US$10m (HK$78.3m market cap, or US$9.97m). New Risk • May 02
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 25% 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 (25% average weekly change). Market cap is less than US$10m (HK$75.6m market cap, or US$9.76m). Announcement • Mar 22
Pine Technology Holdings Limited Announces Change of Company Secretary PINE Technology Holdings Limited announced that Mr. Chan Cheuk Ho ("Mr. Chan") has resigned as the company secretary (the "Company Secretary") of the Company and as an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 19 March 2025 due to his further personal career commitments. Mr. Chan has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board announced that Ms. Lui Mei Ka ("Ms. Lui") has been appointed as the Company Secretary and as an authorised representative of the Company as required under Rule 3.05 of the Listing Rules with effect from 19 March 2025 to fill the vacancy arising from the resignation of Mr. Chan. Ms. Lui, graduating from The Chinese University of Hong Kong with a degree in bachelor of business administration, is a member of the Hong Kong Institute of Certified Public Accountants. Ms. Lui currently serves as the managing director of Merit Corporate Services Company Limited. Ms. Lui has been an independent non-executive director of China Tangshang Holdings Limited (stock code: 674), GoFintech Innovation Limited (stock code: 290) and China Tontine Wines Group Limited (stock code: 389), which are listed on the Main Board of the Stock Exchange, since 21 April 2017, 19 September 2023 and 30 September 2024, respectively. Ms. Lui has over 17 years of experience in financial management and corporate finance. From October 2016 to July 2018, she was the chief financial officer and company secretary of GR Life Style Company Limited (formerly known as GR Properties Limited) (stock code: 108), a company listed on the Main Board of the Stock Exchange, which is engaged in property development and investment. From March 2014 to May 2016, she was the company secretary and financial controller of LT Commercial Real Estate Limited, a company previously listed on the Main Board of the Stock Exchange under the stock code 112, which was engaged in property development and investment. Announcement • Feb 12
PINE Technology Holdings Limited to Report First Half, 2025 Results on Feb 27, 2025 PINE Technology Holdings Limited announced that they will report first half, 2025 results on Feb 27, 2025 Reported Earnings • Oct 27
Full year 2024 earnings released: EPS: HK$0.034 (vs HK$0.078 loss in FY 2023) Full year 2024 results: EPS: HK$0.034 (up from HK$0.078 loss in FY 2023). Revenue: HK$234.8m (up 400% from FY 2023). Net income: HK$45.6m (up HK$148.8m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 27
Full year 2024 earnings released: EPS: HK$0.034 (vs HK$0.078 loss in FY 2023) Full year 2024 results: EPS: HK$0.034 (up from HK$0.078 loss in FY 2023). Revenue: HK$234.8m (up 400% from FY 2023). Net income: HK$45.6m (up HK$148.8m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 27
PINE Technology Holdings Limited, Annual General Meeting, Nov 29, 2024 PINE Technology Holdings Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 17
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 20% 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 (20% average weekly change). Market cap is less than US$10m (HK$69.0m market cap, or US$8.85m). Announcement • Sep 11
PINE Technology Holdings Limited to Report Fiscal Year 2024 Final Results on Sep 26, 2024 PINE Technology Holdings Limited announced that they will report fiscal year 2024 final results at 4:00 PM, China Standard Time on Sep 26, 2024 Reported Earnings • Mar 01
First half 2024 earnings released: EPS: HK$0 (vs HK$0.013 loss in 1H 2023) First half 2024 results: EPS: HK$0 (improved from HK$0.013 loss in 1H 2023). Revenue: HK$127.6m (up HK$116.7m from 1H 2023). Net income: HK$52.5m (up HK$70.2m from 1H 2023). Profit margin: 41% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Feb 10
PINE Technology Holdings Limited to Report First Half, 2024 Results on Feb 28, 2024 PINE Technology Holdings Limited announced that they will report first half, 2024 results on Feb 28, 2024 Reported Earnings • Sep 29
Full year 2023 earnings released: US$0.001 loss per share (vs US$0.006 loss in FY 2022) Full year 2023 results: US$0.001 loss per share. Revenue: US$47.0m (up US$39.2m from FY 2022). Net loss: US$103.1m (loss widened US$94.9m from FY 2022). Announcement • Sep 29
PINE Technology Holdings Limited, Annual General Meeting, Nov 30, 2023 PINE Technology Holdings Limited, Annual General Meeting, Nov 30, 2023. Announcement • Sep 20
PINE Technology Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended June 30, 2023 PINE Technology Holdings Limited provided consolidated earnings guidance for the year ended June 30, 2023. For the period, the company expects to record a consolidated net loss of not less than HKD 95 million as compared to a consolidated net loss of approximately HKD 66 million for the year ended 30 June 2022. The estimated increase in net loss for the fiscal year 2023 is primarily due to (i) the decrease in the turnover and gross profit of the Group; and (ii) recognition of impairment loss on goodwill and intangible assets for the fiscal year 2023. Announcement • Sep 16
PINE Technology Holdings Limited to Report Fiscal Year 2023 Results on Sep 28, 2023 PINE Technology Holdings Limited announced that they will report fiscal year 2023 results on Sep 28, 2023 Reported Earnings • Mar 03
First half 2023 earnings released: US$0.002 loss per share (vs US$0 in 1H 2022) First half 2023 results: US$0.002 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$1.38m (down 74% from 1H 2022). Net loss: US$2.26m (loss widened 365% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Feb 10
PINE Technology Holdings Limited to Report First Half, 2023 Results on Feb 28, 2023 PINE Technology Holdings Limited announced that they will report first half, 2023 results on Feb 28, 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. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Chunsheng Zhou was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: US$0.006 loss per share (vs US$0.002 loss in FY 2021) Full year 2022 results: US$0.006 loss per share (further deteriorated from US$0.002 loss in FY 2021). Revenue: US$7.82m (down 36% from FY 2021). Net loss: US$8.22m (loss widened 226% from FY 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. 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. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Chunsheng Zhou was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Full year 2021 earnings released: US$0.002 loss per share (vs US$0.013 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: US$12.2m (down 89% from FY 2020). Net loss: US$2.52m (loss narrowed 85% from FY 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Full year 2021 earnings released: US$0.002 loss per share (vs US$0.013 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: US$12.2m (down 89% from FY 2020). Net loss: US$2.52m (loss narrowed 85% from FY 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 25
First half 2021 earnings released: US$0.001 loss per share (vs US$0.009 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: US$8.65m (down 89% from 1H 2020). Net loss: US$1.34m (loss narrowed 89% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 03
First half 2021 earnings released: US$0.001 loss per share (vs US$0.009 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: US$8.65m (down 89% from 1H 2020). Net loss: US$1.34m (loss narrowed 89% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 21
Full year earnings released - HK$0.013 loss per share Over the last 12 months the company has reported total losses of US$17.3m, with losses narrowing by 55% from the prior year. Total revenue was US$109.4m over the last 12 months, down 35% from the prior year. Reported Earnings • Oct 01
Full year earnings released - HK$0.013 loss per share Over the last 12 months the company has reported total losses of US$17.3m, with losses narrowing by 55% from the prior year. Total revenue was US$109.4m over the last 12 months, down 35% from the prior year.