Announcement • Mar 06
Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 108 million. Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 108 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000,000
Price\Range: HKD 0.108
Discount Per Security: HKD 0.00108
Transaction Features: Subsequent Direct Listing New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.1m (US$9.74m) 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 Risk Market cap is less than US$10m (HK$76.1m market cap, or US$9.74m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Feb 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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: Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (HK$106.6m market cap, or US$13.6m). New Risk • Jan 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.7m (US$9.33m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 03
First half 2026 earnings released: HK$0.028 loss per share (vs HK$0.037 loss in 1H 2025) First half 2026 results: HK$0.028 loss per share (improved from HK$0.037 loss in 1H 2025). Revenue: HK$9.27m (down 88% from 1H 2025). Net loss: HK$12.4m (loss narrowed 7.1% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Dec 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.6% 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 Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (HK$78.1m market cap, or US$10.0m). Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.028 loss per share (vs HK$0.037 loss in 1H 2025) First half 2026 results: HK$0.028 loss per share (improved from HK$0.037 loss in 1H 2025). Revenue: HK$9.27m (down 88% from 1H 2025). Net loss: HK$12.4m (loss narrowed 7.1% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Nov 19
Synertone Communication Corporation to Report First Half, 2026 Results on Nov 28, 2025 Synertone Communication Corporation announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Sep 02
Synertone Communication Corporation, Annual General Meeting, Sep 26, 2025 Synertone Communication Corporation, Annual General Meeting, Sep 26, 2025, at 15:00 China Standard Time. Location: 5th floor, united centre, 95 queensway, admiralty, Hong Kong Reported Earnings • Aug 01
Full year 2025 earnings released: HK$0.082 loss per share (vs HK$0.06 loss in FY 2024) Full year 2025 results: HK$0.082 loss per share (further deteriorated from HK$0.06 loss in FY 2024). Revenue: HK$116.9m (up 87% from FY 2024). Net loss: HK$32.5m (loss widened 82% from 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 fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jul 27
Guochuang Financial Limited agreed to acquire remaining 66.67% stake in MOX Group Limited from Synertone Communication Corporation (SEHK:1613) for HKD 2.5 million. Guochuang Financial Limited agreed to acquire remaining 66.67% stake in MOX Group Limited from Synertone Communication Corporation (SEHK:1613) for HKD 2.5 million on July 25, 2025. A cash consideration of HKD 2.5 million will be paid by Guochuang Financial Limited. As part of consideration, HKD 2.5 million is paid towards common equity of MOX Group Limited. Upon completion, Guochuang Financial Limited will own 100% stake in MOX Group Limited.
For the period ending March 31, 2025, MOX Group Limited reported total revenue of HKD 1.29 million and net loss of HKD 6.66 million.
The net proceeds will be used for the Group’s general working capital. Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.082 loss per share (vs HK$0.06 loss in FY 2024) Full year 2025 results: HK$0.082 loss per share (further deteriorated from HK$0.06 loss in FY 2024). Revenue: HK$116.9m (up 87% from FY 2024). Net loss: HK$32.5m (loss widened 82% from 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 fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jun 18
Synertone Communication Corporation to Report Fiscal Year 2025 Results on Jun 30, 2025 Synertone Communication Corporation announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 Announcement • Mar 21
Synertone Communication Corporation Announces Resignation of Han Weining as Chief Executive Officer The board of directors of Synertone Communication Corporation announced that Mr. Han Weining ("Mr. Han") has tendered his resignation as the chief executive officer of the Company with effect from 18 March 2025 due to his personal commitment on other business engagements (the "Resignation"). Following the Resignation, Mr. Han will remain as an executive Director of the Company. The Board will identify suitable person to fulfil the vacancy of chief executive officer in due course. Announcement • Jan 17
Synertone Communication Corporation Announces Company Secretary Changes The board of directors of Synertone Communication Corporation announced that Mr. Lui Wai Sing (‘Mr. Lui’) has resigned as the company secretary of the Company and ceased to act as an authorized representative of the Company with effect from 17 January 2025. Mr. Lui has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announced that Mr. Han Weining (‘Mr. Han’) ceased to act as an Authorized Representative of the Company with effect from 17 January 2025. The Board also announced that Mr. see Hiu Lun (‘Mr. See’) has been appointed as the Company Secretary and the Authorized Representative with effect from 17 January 2025. Mr. See is a certified public accountant of the Hong Kong Institute of Certified Public Accountants and an associate of The Hong Kong Chartered Governance Institute. Mr. see holds a bachelor degree in Business Administration from City University of Hong Kong. Mr. See possesses extensive experience in the area of company secretary, accounting, finance, auditing and internal control. Mr. See is not a full time employee of the Company, the primary contact person at the Company is Mr. He Bianliu (‘Mr. He’), the executive Director. Mr. He has been appointed as the Authorized Representative with effect from 17 January 2025. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major 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 Risks Earnings have declined by 1.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$199.7m market cap, or US$25.6m). Reported Earnings • Jan 04
First half 2025 earnings released: HK$0.037 loss per share (vs HK$0.03 loss in 1H 2024) First half 2025 results: HK$0.037 loss per share (further deteriorated from HK$0.03 loss in 1H 2024). Revenue: HK$76.1m (up 345% from 1H 2024). Net loss: HK$13.3m (loss widened 51% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (HK$199.7m market cap, or US$25.7m). Reported Earnings • Dec 03
First half 2025 earnings released: HK$0.037 loss per share (vs HK$0.03 loss in 1H 2024) First half 2025 results: HK$0.037 loss per share (further deteriorated from HK$0.03 loss in 1H 2024). Revenue: HK$76.1m (up 345% from 1H 2024). Net loss: HK$13.3m (loss widened 51% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Synertone Communication Corporation Appoints Mr. He Bianliu as an Executive Director, Effective 2 December 2024 Synertone Communication Corporation announces that with effect from 2 December 2024, Mr. He Bianliu has been appointed as an executive Director. Mr. He Bianliu, Aged 37, Obtained A Bachelor's Degree in Law in 2009, and Subsequently Obtained A Legal Professional Qualification Certificate in Mainland China in 2014. Mr. He Bianliu Served in Byd Company Limited from 2009 to 2015 as the Legal Director. from 2015 to 2024, He Served in Shenzhen Aisidi Co. Ltd. and Its Subsidiaries as the Legal Director and Compliance and Risk Control Director Respectively. Mr. He Bianliu Has Worked in Manufacturing, Wholesale and Retail, Supply Chain Finance and Other Fields for More Than Ten Years and Has Rich Experience in Compliance and Risk Control Management. Mr. He Bianliu Is Mainly Responsible for Works Related to the Legal Affairs, Compliance and Risk Control Management of the Group. Announcement • Nov 30
Synertone Communication Corporation has completed a Follow-on Equity Offering in the amount of HKD 20.76928 million. Synertone Communication Corporation has completed a Follow-on Equity Offering in the amount of HKD 20.76928 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,176,000
Price\Range: HKD 0.28
Transaction Features: Subsequent Direct Listing Announcement • Nov 19
Synertone Communication Corporation to Report First Half, 2025 Results on Nov 29, 2024 Synertone Communication Corporation announced that they will report first half, 2025 results on Nov 29, 2024 New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (HK$192.9m market cap, or US$24.8m). Announcement • Nov 06
Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 20.76928 million. Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 20.76928 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,176,000
Price\Range: HKD 0.28
Transaction Features: Subsequent Direct Listing Board Change • Nov 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Wei Xu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Synertone Communication Corporation Announces Board Changes The board of directors of Synertone Communication Corporation announced that with effect from 6 August 2024, Mr. Cheng Nicholas Tat Hei (Mr. Cheng) has tendered his resignation as an independent non-executive Director, the chairperson of the nomination committee and a member of each of the audit committee and the remuneration committee of the Company in order to devote more time to his other business engagements. Mr. Cheng 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 and The Stock Exchange of Hong Kong Limited. The Board is pleased to announcedthat with effect from 6 August 2024, Mr. Xu Dongsen has been appointed as an independent non-executive Director, the chairperson of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee. The biographical details of Mr. Xu are set out as follows. Mr. Xu, aged 34, obtained a Bachelor's degree in Economics from Xi'an Jiaotong University and followed by a Master's degree in Taxation from Graduate School of Chinese Academy of Social Sciences. He further obtained an Executive Master of Business Administration from Guanghua School of Management, Peking University. Before joining the Group, he possesses more than 10 years' experience in the field of operational management and equity investment. He worked as an investment director for a professional equity investment and management company. The Company wishes to announcedthat the Board received the notice of retirement from Mr. Lam Ying Hung Andy ("Mr. Lam") notifying the Board of his intention to retire as an independent non-executive Director at the forthcoming annual general meeting of the Company (the "2024 AGM"), which is expected to be held on 29 August 2024, and his decision not to offer himself for re-election. His retirement was approved by the Board and will take effect at the conclusion of the 2024 AGM. Upon his retirement, Mr. Lam will cease to be the chairperson of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee, with effect from the conclusion of the 2024 AGM. Reported Earnings • Aug 05
Full year 2024 earnings released: HK$0.06 loss per share (vs HK$0.16 loss in FY 2023) Full year 2024 results: HK$0.06 loss per share (improved from HK$0.16 loss in FY 2023). Revenue: HK$62.6m (up 3.4% from FY 2023). Net loss: HK$17.8m (loss narrowed 56% from FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Synertone Communication Corporation, Annual General Meeting, Aug 29, 2024 Synertone Communication Corporation, Annual General Meeting, Aug 29, 2024. New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 4.0% 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 4.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$140.5m market cap, or US$18.0m). Reported Earnings • Jul 02
Full year 2024 earnings released: HK$0.06 loss per share (vs HK$0.16 loss in FY 2023) Full year 2024 results: HK$0.06 loss per share (improved from HK$0.16 loss in FY 2023). Revenue: HK$62.6m (up 3.4% from FY 2023). Net loss: HK$17.8m (loss narrowed 56% from FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Jun 18
Synertone Communication Corporation to Report Fiscal Year 2024 Results on Jun 28, 2024 Synertone Communication Corporation announced that they will report fiscal year 2024 results on Jun 28, 2024 Announcement • May 30
Synertone Communication Corporation Appoints Woodham Mostovaya Ekaterina as Non-Executive Director Synertone Communication Corporation announced that with effect from 29 May 2024, Ms. Woodham Mostovaya Ekaterina has been appointed as a non-executive Director. Ms. Ekaterina, aged 47, obtained a Diploma in Orientalist-Economist, Chinese Language Translator with specialization in Regional Studies from the Far Eastern State University, Russia in 2001, followed by a Master of Arts in Communications from California State University, Fullerton in 2006 and a Master of Arts in Conference Interpretation from the Monterey Institute of International Studies in 2010. She also obtained a Diploma in Legal Studies from the University of Hong Kong School of Professional and Continuing Education in 2021. She is also a active member of the International Association of Conference Interpreters. Ms. Ekaterina has more than fourteen years of experience in conference interpretation and business development. Since 2010, she has been working as an interpreter in various United Nations agencies and international organizations by interpretating different languages including English, Chinese and Russian. Between 2006 and 2007, she worked as a business development manager in a design and branding company. Between 2001 and 2004, she worked as a public relations executive at an airline company. Announcement • Mar 07
Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 24.06 million. Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 24.06 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: HKD 0.401
Discount Per Security: HKD 0.00401
Transaction Features: Subsequent Direct Listing Announcement • Feb 29
Synertone Communication Corporation Announces Executive Changes The board of directors of Synertone Communication Corporation announced that Mr. Ting Kin Wai has resigned as the company secretary of the Company and ceased to act as an authorized representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and an authorized representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance with effect from 1 March 2024. Mr. Ting has confirmed that he has no disagreement with the Board and there is no matter relating 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 Mr. Lui Wai Sing ("Mr. Lui") has been appointed as the Company Secretary and the Authorized Representative with effect from 1 March 2024. Mr. Lui is a certified public accountant of the Hong Kong Institute of Certified Public Accountants. He holds a bachelor degree in Business Administration from Lingnan University. Mr. Lui has extensive experience in the related fields of auditing, accounting and company secretarial practice. Mr. Lui is currently the company secretary of Guan Chao Holdings Limited (stock code: 1872), the shares of which are listed on the Main Board of the Stock Exchange. Recent Insider Transactions • Dec 08
Chief Executive Officer recently bought HK$3.0m worth of stock On the 5th of December, Weining Han bought around 11m shares on-market at roughly HK$0.26 per share. This transaction amounted to 20% 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 Weining's only on-market trade for the last 12 months. Reported Earnings • Dec 06
First half 2024 earnings released: HK$0.03 loss per share (vs HK$0.032 loss in 1H 2023) First half 2024 results: HK$0.03 loss per share. Revenue: HK$17.1m (down 11% from 1H 2023). Net loss: HK$8.80m (loss widened 9.0% from 1H 2023). Announcement • Dec 01
Synertone Communication Corporation Announces Appointment of Mr. Xu Wei as Independent Non-Executive Director Synertone Communication Corporation announced that with effect from 1 December 2023, Mr. Xu Wei has been appointed as an independent non-executive Director. The biographical details of Mr. Xu are set out as follows. Mr. Xu, aged 45, graduated from Zhejiang University in the People's Republic of China with a Bachelor of Laws (International Economics Law) degree. He is a practising lawyer in China and possesses professional qualifications in securities practice, independent directorship and corporate legal advisory. Mr. Xu has been the executive officer of a law firm in China since December 2014. He has extensive experience in civil litigations and arbitrations, corporate finance and mergers and acquisitions in China. Mr. Xu was a member of the Merger and Acquisition and Investment Committee of Hangzhou Lawyers Association in China from May 2019 to May 2022, and has also been the practical mentor of Hangzhou City University in China since November 2010. Mr. Xu has entered into a letter of appointment with the Company and he is appointed for an initial term of three years commencing from 1 December 2023 which shall be automatically renewed for another three years, unless terminated by either party by giving to the other party not less than one-month prior notice in writing. He is subject to retirement at the next following annual general meeting of the Company and at which he will be eligible for re-election and thereafter shall be subject to retirement by rotation and re-election at annual general meetings of the Company at least once every three years pursuant to the articles of association of the Company. New Risk • Dec 01
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 15% 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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (HK$88.6m market cap, or US$11.3m). Announcement • Nov 30
Synertone Communication Corporation Announces Wong Hoi Lok Resigns as the Non-Executive Director The board of directors of Synertone Communication Corporation announced that Mr. Wong Hoi Lok ("Mr. Wong") has tendered his resignation as the non-executive Director with effect from 29 November 2023 due to hispersonal commitment on other business engagements. Announcement • Nov 21
Synertone Communication Corporation to Report First Half, 2024 Results on Nov 30, 2023 Synertone Communication Corporation announced that they will report first half, 2024 results on Nov 30, 2023 New Risk • Nov 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.7m (US$9.29m) 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 Less than 1 year of cash runway based on free cash flow trend (-HK$2.9m free cash flow). Market cap is less than US$10m (HK$72.7m market cap, or US$9.29m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Oct 31
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$2.9m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (HK$99.1m market cap, or US$12.7m). Reported Earnings • Jul 31
Full year 2023 earnings released: HK$0.16 loss per share (vs HK$0.46 loss in FY 2022) Full year 2023 results: HK$0.16 loss per share (improved from HK$0.46 loss in FY 2022). Revenue: HK$60.5m (down 47% from FY 2022). Net loss: HK$41.0m (loss narrowed 63% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 39% 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. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jennifer Li was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
Synertone Communication Corporation Appoints Wong Hoi Lok as A Non-Executive Director Synertone Communication Corporation announces that with effect from 24 July 2023, Mr. Wong Hoi Lok has been appointed as a non-executive Director. Mr. Wong, aged 38, has more than 16 years of work experience in the financial industry covering different sectors including banking, asset management, corporate finance, trust, funds, insurance, crypto exchange platforms and virtual assets. Mr. Wong worked in several reputable financial institutions as a senior management and supervised the compliance and anti-money laundering functions for more than 10 years, and since October 2022, he has been the deputy head of legal and compliance and associate director of a listed company in Hong Kong, where he is mainly responsible for the compliance and AML functions of the company and the supervision and management of the relevant team. Mr. Wong has also been a council member of the Hong Kong Securities and Futures Professionals Association since July 2022 to provide support and contributions to the financial industry using his practical knowledge in areas such as compliance, AML, internal control, risk management and financial technology. He is currently pursuing Master of Laws in Corporate Governance at the University of Cumbria, United Kingdom. Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.16 loss per share (vs HK$0.46 loss in FY 2022) Full year 2023 results: HK$0.16 loss per share (improved from HK$0.46 loss in FY 2022). Revenue: HK$60.5m (down 47% from FY 2022). Net loss: HK$41.0m (loss narrowed 63% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Jun 20
Synertone Communication Corporation to Report Fiscal Year 2023 Results on Jun 30, 2023 Synertone Communication Corporation announced that they will report fiscal year 2023 results on Jun 30, 2023 New Risk • Jun 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 2022. 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 Less than 1 year of cash runway based on free cash flow trend (-HK$18m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$159.2m market cap, or US$20.4m). Announcement • May 20
Synertone Communication Corporation has completed a Follow-on Equity Offering in the amount of HKD 15 million. Synertone Communication Corporation has completed a Follow-on Equity Offering in the amount of HKD 15 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: HKD 0.375
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 23
First half 2023 earnings released: HK$0.006 loss per share (vs HK$0.007 loss in 1H 2022) First half 2023 results: HK$0.006 loss per share (improved from HK$0.007 loss in 1H 2022). Revenue: HK$19.3m (down 52% from 1H 2022). Net loss: HK$8.08m (loss narrowed 8.9% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 36% 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 • Nov 12
Synertone Communication Corporation to Report First Half, 2023 Results on Nov 22, 2022 Synertone Communication Corporation announced that they will report first half, 2023 results on Nov 22, 2022 Reported Earnings • Aug 03
Full year 2022 earnings released: HK$0.091 loss per share (vs HK$0.015 loss in FY 2021) Full year 2022 results: HK$0.091 loss per share (down from HK$0.015 loss in FY 2021). Revenue: HK$114.2m (up 27% from FY 2021). Net loss: HK$109.7m (loss widened HK$94.5m from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2022 earnings released: HK$0.091 loss per share (vs HK$0.015 loss in FY 2021) Full year 2022 results: HK$0.091 loss per share (down from HK$0.015 loss in FY 2021). Revenue: HK$114.2m (up 27% from FY 2021). Net loss: HK$109.7m (loss widened HK$94.5m from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Synertone Communication Corporation, Annual General Meeting, Aug 30, 2022 Synertone Communication Corporation, Annual General Meeting, Aug 30, 2022. Announcement • Jun 28
Synertone Communication Corporation Provides Group Earnings Guidance for the Year Ended March 31, 2022 Synertone Communication Corporation provided group earnings guidance for the year ended March 31, 2022. For the period, the group is expected to record a consolidated loss attributable to owners of the Company of not less than approximately HKD 90 million for the year ended 31 March 2022 as compared to the audited consolidated loss attributable to owners of the Company of approximately HKD 15 million for the year ended 31 March 2021. The significant increase in the loss attributable to owners of the Company recorded is mainly due to, among others, (1) the Group having recognised significant amounts of expected credit loss and write-off in relation to the Group's trade and other receivables, (2) the impairment loss of goodwill for the year ended 31 March 2022, and (3) the prolonged effect of the Covid-19 pandemic. Announcement • Jun 17
Synertone Communication Corporation to Report Fiscal Year 2022 Results on Jun 28, 2022 Synertone Communication Corporation announced that they will report fiscal year 2022 results on Jun 28, 2022 Recent Insider Transactions • Jan 25
CEO & Executive Director recently bought HK$2.0m worth of stock On the 18th of January, Weining Han bought around 10m shares on-market at roughly HK$0.20 per share. In the last 3 months, they made an even bigger purchase worth HK$2.7m. Weining has been a buyer over the last 12 months, purchasing a net total of HK$6.0m worth in shares. Recent Insider Transactions • Dec 25
CEO & Executive Director recently bought HK$2.7m worth of stock On the 20th of December, Weining Han bought around 15m shares on-market at roughly HK$0.18 per share. This was the largest purchase by an insider in the last 3 months. Weining has been a buyer over the last 12 months, purchasing a net total of HK$4.0m worth in shares. Reported Earnings • Dec 05
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.007 loss per share (up from HK$0.008 loss in 1H 2021). Revenue: HK$40.0m (up 52% from 1H 2021). Net loss: HK$8.87m (loss widened 9.3% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 01
Insider recently sold HK$2.0m worth of stock On the 27th of September, Siu Sun Lam sold around 10m shares on-market at roughly HK$0.20 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$2.8m more than they sold in the last 12 months. Reported Earnings • Jul 28
Full year 2021 earnings released: HK$0.015 loss per share (vs HK$0.038 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$90.3m (up 23% from FY 2020). Net loss: HK$15.1m (loss narrowed 55% from FY 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 26
Insider recently bought HK$2.8m worth of stock On the 23rd of June, Siu Sun Lam bought around 10m shares on-market at roughly HK$0.29 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$4.8m more in shares than they have sold in the last 12 months. Reported Earnings • Jun 23
Full year 2021 earnings released: HK$0.015 loss per share (vs HK$0.038 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$90.3m (up 23% from FY 2020). Net loss: HK$15.1m (loss narrowed 55% from FY 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 13
New 90-day low: HK$0.21 The company is down 31% from its price of HK$0.30 on 15 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Reported Earnings • Nov 30
First half 2021 earnings released: HK$0.008 loss per share 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: HK$26.4m (down 19% from 1H 2020). Net loss: HK$8.11m (loss narrowed 57% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 25
New 90-day low: HK$0.28 The company is down 42% from its price of HK$0.47 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 21% over the same period. Announcement • Nov 18
Synertone Communication Corporation to Report First Half, 2021 Results on Nov 27, 2020 Synertone Communication Corporation announced that they will report first half, 2021 results on Nov 27, 2020 Is New 90 Day High Low • Oct 23
New 90-day low: HK$0.28 The company is down 41% from its price of HK$0.47 on 24 July 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 34% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: HK$0.32 The company is down 32% from its price of HK$0.47 on 10 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 29% over the same period. Announcement • Jun 16
Synertone Communication Corporation to Report Fiscal Year 2020 Results on Jun 26, 2020 Synertone Communication Corporation announced that they will report fiscal year 2020 results on Jun 26, 2020