New Risk • Jun 28
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 Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Negative equity (-CN¥44m). Earnings have declined by 21% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$684.0m market cap, or US$87.2m). Announcement • Jun 13
Jolimark Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 13.483393 million. Jolimark Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 13.483393 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 122,576,300
Price\Range: HKD 0.11
Discount Per Security: HKD 0.0022
Transaction Features: Subsequent Direct Listing New Risk • May 27
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 16% 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 Risks Negative equity (-CN¥44m). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (HK$115.8m market cap, or US$14.8m). Announcement • May 27
Jolimark Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.483393 million. Jolimark Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.483393 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 122,576,300
Price\Range: HKD 0.11
Transaction Features: Subsequent Direct Listing New Risk • Apr 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.86m) 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 Negative equity (-CN¥44m). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (HK$77.2m market cap, or US$9.86m). Reported Earnings • Apr 01
Full year 2025 earnings released: CN¥0.081 loss per share (vs CN¥0.098 loss in FY 2024) Full year 2025 results: CN¥0.081 loss per share (improved from CN¥0.098 loss in FY 2024). Revenue: CN¥143.4m (down 4.2% from FY 2024). Net loss: CN¥49.6m (loss narrowed 17% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Jolimark Holdings Limited, Annual General Meeting, May 28, 2026 Jolimark Holdings Limited, Annual General Meeting, May 28, 2026. Announcement • Mar 11
Jolimark Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Jolimark Holdings Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 30, 2026 Reported Earnings • Sep 27
First half 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.071 loss in 1H 2024) First half 2025 results: CN¥0.05 loss per share (improved from CN¥0.071 loss in 1H 2024). Revenue: CN¥70.2m (down 17% from 1H 2024). Net loss: CN¥30.9m (loss narrowed 29% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Reported Earnings • Aug 29
First half 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.071 loss in 1H 2024) First half 2025 results: CN¥0.05 loss per share (improved from CN¥0.071 loss in 1H 2024). Revenue: CN¥70.2m (down 17% from 1H 2024). Net loss: CN¥30.9m (loss narrowed 29% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Aug 12
Jolimark Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Jolimark Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 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 24% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥46m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (HK$54.5m market cap, or US$6.95m). New Risk • May 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥46m free cash flow). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (HK$30.0m market cap, or US$3.83m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥0.098 loss per share (vs CN¥0.13 loss in FY 2023) Full year 2024 results: CN¥0.098 loss per share (improved from CN¥0.13 loss in FY 2023). Revenue: CN¥149.7m (down 26% from FY 2023). Net loss: CN¥59.8m (loss narrowed 25% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year and the company’s share price has also fallen by 38% per year. Announcement • Mar 29
Jolimark Holdings Limited, Annual General Meeting, May 28, 2025 Jolimark Holdings Limited, Annual General Meeting, May 28, 2025. Announcement • Mar 07
Jolimark Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Jolimark Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Jan 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (HK$36.8m market cap, or US$4.73m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Sep 02
First half 2024 earnings released: CN¥0.071 loss per share (vs CN¥0.056 loss in 1H 2023) First half 2024 results: CN¥0.071 loss per share (further deteriorated from CN¥0.056 loss in 1H 2023). Revenue: CN¥84.2m (down 29% from 1H 2023). Net loss: CN¥43.4m (loss widened 27% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Announcement • Aug 12
Jolimark Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 Jolimark Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Aug 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 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (HK$36.8m market cap, or US$4.71m). New Risk • Jun 19
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 14% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (HK$52.7m market cap, or US$6.75m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • May 29
Jolimark Holdings Limited Announces Board Changes Jolimark Holdings Limited announced the following changes to the Board. Reference is made to the circular of the Company dated 29 April 2024 where it was disclosed that at the annual general meeting of the Company to be held on 27 May 2024 (the "AGM"), Dr. Zhong Xiaolin ("Dr. Zhong"), an independent non-executive director, will retire and will not seek re-election. As such, upon conclusion of the AGM, Dr. Zhong has retired as independent non executive director of the Company and member of each of the audit committee, the remuneration committee and the nomination committee of the Board. Dr. Zhong has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement as independent non-executive director that needs to be brought to the attention of the shareholders of the Company. The Board announces the appointment of Mr. Sun Po Yuen ("Mr. Sun"), as an independent non-executive director and a member of each of the audit committee, the remuneration committee and the nomination committee of the Board with effect from the conclusion of the AGM on 27 May 2024. Mr. Sun, aged 63, had been an audit partner with PricewaterhouseCoopers ("PwC") in Hong Kong for 25 years until July 2021. He held various leadership positions in different assurance business units, including the institutional group for Hong Kong and Macau, the entrepreneurial group for Hong Kong and Southern China and the capital markets services group for Hong Kong and Mainland China. He acted as Lead Director of both governance boards of PwC China and PwC Asia Pacific and was a member of the global board of PwC. Mr. Sun was a member of the Listing Committee of the Stock Exchange of Hong Kong Limited from 2009 to 2014. He was a director of the Hong Kong Science and Technology Parks Corporation and chairman of its audit committee from 2012 to 2018, a director of the Hong Kong Applied Science and Technology Research Institute Company Limited and chairman of its audit committee from 2007 to 2012 and a director of the Estate Agents Authority and a member of its disciplinary committee and finance and strategic development committee respectively from 2006 to 2010. Mr. Sun previously served as Chairman in 2001/02of the Association of Chartered Certified Accountants (ACCA), Hong Kong Branch. He was appointed by the Hong Kong SAR Government as a Justice of the Peace in 2012. Mr. Sun was appointed as non-executive director of FWD Group Holdings Ltd. in October 2022, and was redesignated as independent non-executive director in October 2023. In April 2023, he was appointed an independent non-executive director of Bank of Shanghai (Hong Kong) Limited, which is a restricted licensed bank in Hong Kong and a wholly-owned subsidiary of Bank of Shanghai, whose A shares are listed on the Shanghai Stock Exchange. He serves as a Senior Advisor of Chartwell Capital Limited since August 2021. Mr. Sun is also a governing committee member of the Hong Kong Polytechnic University Foundation since 2014 and previously the vice-chairman of the Outstanding PolyU Alumni Association from 2020 to 2022. He was awarded the Outstanding PolyU Alumni Award in 2013 and was conferred a university fellowship by the Hong Kong Polytechnic University in 2018. Mr. Sun obtained Professional Diploma in Accountancy from Hong Kong Polytechnic University (formerly known as The Hong Kong Polytechnic) in November 1984 and became a member of Hong Kong Institute of Certified Public Accountants (formerly known as Hong Kong Society of Accountants) since June 1988 and a fellow member of ACCA since May 1993. Reported Earnings • Mar 30
Full year 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.065 loss in FY 2022) Full year 2023 results: CN¥0.13 loss per share (further deteriorated from CN¥0.065 loss in FY 2022). Revenue: CN¥203.5m (down 27% from FY 2022). Net loss: CN¥79.5m (loss widened 99% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Jolimark Holdings Limited, Annual General Meeting, May 27, 2024 Jolimark Holdings Limited, Annual General Meeting, May 27, 2024. Announcement • Mar 09
Jolimark Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Jolimark Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Oct 05
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 Risks Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (HK$67.4m market cap, or US$8.61m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Sep 24
First half 2023 earnings released: CN¥0.056 loss per share (vs CN¥0.016 loss in 1H 2022) First half 2023 results: CN¥0.056 loss per share (further deteriorated from CN¥0.016 loss in 1H 2022). Revenue: CN¥118.0m (down 22% from 1H 2022). Net loss: CN¥34.2m (loss widened 258% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Aug 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$73.5m (US$9.39m) 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 Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (HK$73.5m market cap, or US$9.39m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Announcement • Aug 15
Jolimark Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Jolimark Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Aug 13
Jolimark Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Jolimark Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. The group is expected to record a loss of approximately between RMB 25 million and RMB 35 million for the six months ended 30 June 2023, as compared with a loss of approximately RMB 9.573 million in the same period 2022. Board Change • Jun 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. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Forrest Zhong was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 26
Full year 2022 earnings released: CN¥0.065 loss per share (vs CN¥0.041 loss in FY 2021) Full year 2022 results: CN¥0.065 loss per share (further deteriorated from CN¥0.041 loss in FY 2021). Revenue: CN¥279.2m (down 19% from FY 2021). Net loss: CN¥40.0m (loss widened 59% from FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
First half 2022 earnings released: CN¥0.016 loss per share (vs CN¥0.017 loss in 1H 2021) First half 2022 results: CN¥0.016 loss per share (up from CN¥0.017 loss in 1H 2021). Revenue: CN¥151.8m (up 6.9% from 1H 2021). Net loss: CN¥9.55m (loss narrowed 11% from 1H 2021). 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 3% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Jolimark Holdings Limited Provides Earnings Guidance for the Year Six Months Ended 30 June 2022 Jolimark Holdings Limited provided earnings guidance for the year six months ended 30 June 2022. For the period, the company expects to record a loss of approximately between RMB9 million and RMB12 million for the six months ended 30 June 2022, as compared with a loss of approximately RMB10.754 million in the same period last year. The loss is primarily attributable to the decline in commercial activities and market demand owing to recurringepidemic outbreaks in certain regions in Mainland China. Announcement • Aug 07
Jolimark Holdings Limited to Report First Half, 2022 Results on Aug 23, 2022 Jolimark Holdings Limited announced that they will report first half, 2022 results on Aug 23, 2022 Reported Earnings • Apr 28
Full year 2021 earnings released: CN¥0.041 loss per share (vs CN¥0.041 loss in FY 2020) Full year 2021 results: CN¥0.041 loss per share (vs CN¥0.041 loss in FY 2020). Revenue: CN¥344.6m (up 25% from FY 2020). Net loss: CN¥25.1m (flat on FY 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Jolimark Holdings Limited, Annual General Meeting, May 25, 2022 Jolimark Holdings Limited, Annual General Meeting, May 25, 2022, at 11:00 China Standard Time. Location: Unit 07, 21 Floor, K. Wah Centre, 191 Java Road North Point Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company (the Director) and auditors of the Company for the year ended 31 December 2021; to re-elect Mr. Ou Guo Liang as a non-executive Director; to re-elect Ms. Kan Lai Kuen, Alice as an independent non-executive Director; to authorise the board of Directors to fix the Directors' remuneration; to re-appoint PricewaterhouseCoopers as auditors of the Company and to authorise the board of Directors to fix their remuneration; and to consider any other matter thereof. Announcement • Mar 04
Jolimark Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended December 31, 2021 Jolimark Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2021. For the year, the group expects to record a loss of approximately between RMB 20 million and RMB 28 million as compared with a loss of approximately RMB 25.434 million in the same period last year. Such loss was primarily attributable to chip shortage and price increase as well as recognition of goodwill impairment during the current period. Reported Earnings • Aug 26
First half 2021 earnings released: CN¥0.017 loss per share (vs CN¥0.035 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: CN¥142.0m (up 39% from 1H 2020). Net loss: CN¥10.7m (loss narrowed 50% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: CN¥0.041 loss per share (vs CN¥0.059 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥276.0m (down 7.1% from FY 2019). Net loss: CN¥25.1m (loss narrowed 30% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: CN¥0.041 loss per share (vs CN¥0.059 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥276.0m (down 7.1% from FY 2019). Net loss: CN¥25.1m (loss narrowed 30% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Mar 10
Jolimark Holdings Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Jolimark Holdings Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Feb 22
New 90-day high: HK$0.29 The company is up 146% from its price of HK$0.12 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 18% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: HK$0.21 The company is up 58% from its price of HK$0.13 on 06 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 24% over the same period. Announcement • Dec 31
Jolimark Holdings Limited Announces Re-Designation of Ou Guo Liang from Executive Director to Non-Executive Director, Effective January 1, 2021 Jolimark Holdings Limited announced that with effect from 1 January 2021, Mr. Ou Guo Liang will be re-designated from an executive Director to a non-executive Director, as he would like to devote more of his time to his other business endeavours. Mr. Ou, aged 44, was the executive Director of the Company since 2005. He assists the chief executive officer in the formulation of strategy, development of new business and the management of sales and marketing networks. Mr. Ou is also the director of Jolimark Technology Limited, an indirect wholly-owned subsidiary of the Company incorporated in Hong Kong, and the legal representative of Jiangmen Kong Yue Jolimark Tax Control Services Limited, a non wholly-owned subsidiary of the Company established in the People's Republic of China. He has over 15 years of experience in sales and marketing. Announcement • Aug 08
Jolimark Holdings Limited to Report First Half, 2020 Results on Aug 24, 2020 Jolimark Holdings Limited announced that they will report first half, 2020 results on Aug 24, 2020