Board Change • Apr 13
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 Chunqian Jiang was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 29
Dividend of HK$0.01 announced Shareholders will receive a dividend of HK$0.01. Ex-date: 4th June 2026 Payment date: 23rd June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.2%. Announcement • Mar 28
SMIT Holdings Limited, Annual General Meeting, May 29, 2026 SMIT Holdings Limited, Annual General Meeting, May 29, 2026. Announcement • Mar 13
SMIT Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 SMIT Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Aug 24
First half 2025 earnings released: US$0.048 loss per share (vs US$0.046 loss in 1H 2024) First half 2025 results: US$0.048 loss per share (further deteriorated from US$0.046 loss in 1H 2024). Revenue: US$7.07m (down 18% from 1H 2024). Net loss: US$15.7m (loss widened 5.1% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
SMIT Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 SMIT Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • May 30
SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2024 SMIT Holdings Limited at the AGM held on May 30,2025 declared a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2024. Upcoming Dividend • May 29
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 20 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.6%). Reported Earnings • Mar 30
Full year 2024 earnings released: US$0.12 loss per share (vs US$0.043 loss in FY 2023) Full year 2024 results: US$0.12 loss per share (further deteriorated from US$0.043 loss in FY 2023). Revenue: US$14.0m (down 38% from FY 2023). Net loss: US$38.5m (loss widened 177% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
SMIT Holdings Limited, Annual General Meeting, May 30, 2025 SMIT Holdings Limited, Annual General Meeting, May 30, 2025. Announcement • Mar 14
SMIT Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 SMIT Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$253.4m market cap, or US$32.6m). Board Change • Jan 09
Less than half of directors are independent 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. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Aug 26
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$165.7m market cap, or US$21.3m). Reported Earnings • Aug 06
First half 2024 earnings released: US$0.046 loss per share (vs US$0.001 profit in 1H 2023) First half 2024 results: US$0.046 loss per share (down from US$0.001 profit in 1H 2023). Revenue: US$8.66m (down 23% from 1H 2023). Net loss: US$14.9m (down US$15.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Announcement • Aug 03
SMIT Holdings Limited Appoints Ying Chen as Executive Director The board of directors of SMIT Holdings Limited announced that Ms. Ying Chen has been appointed as an executive director of the Company with effect from 2 August 2024. Ms. Chen, aged 43, is the executive vice president of the Group. Ms. Chen is primarily responsible for corporate investment management and information disclosure. She has over 21 years of industry experience in integrated circuit. From July 2002 to September 2003, Ms. Chen worked as a research and development engineer at Shenzhen Guoxin Micro Co. Ltd. and served as assistant to the president and human resources manager from October 2003 to May 2005. Ms. Chen joined SMIT Group Limited, a wholly-owned subsidiary of the Company, in June 2005 where she began to serve as a director of the general office of from June 2005 to November 2008, secretary of the board from December 2008 to September 2010, vice president of SMIT Group from October 2010 to March 2018, and has been serving as executive vice president of the Group since April 2018. Ms. Chen graduated from Hefei University of Technology in July 2002 with a bachelor's degree in measurement and control technology and obtained a master's degree in business administration from Peking University in July 2024. Announcement • Jun 01
SMIT Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023 SMIT Holdings Limited announced that at the AGM was held on 31 May 2024, the company declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023. Upcoming Dividend • May 30
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 21 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (3.1%). Announcement • Apr 30
Smit Holdings Limited Proposes final Dividend in Respect of the Year Ended 31 December 2023 SMIT Holdings Limited proposed final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2023 at its Annual General Meeting to be held on 31 May 2024. Declared Dividend • Apr 27
Dividend of HK$0.01 announced Shareholders will receive a dividend of HK$0.01. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.2%. Board Change • Apr 26
Less than half of directors are independent 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. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 26
SMIT Holdings Limited, Annual General Meeting, May 31, 2024 SMIT Holdings Limited, Annual General Meeting, May 31, 2024. Announcement • Apr 21
SMIT Holdings Limited to Report Fiscal Year 2023 Results on Apr 24, 2024 SMIT Holdings Limited announced that they will report fiscal year 2023 results on Apr 24, 2024 New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (HK$448.4m market cap, or US$57.3m). Announcement • Mar 16
SMIT Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 SMIT Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Sep 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risk Market cap is less than US$100m (HK$526.4m market cap, or US$67.2m). Reported Earnings • Aug 20
First half 2023 earnings released: EPS: US$0.001 (vs US$0.015 loss in 1H 2022) First half 2023 results: EPS: US$0.001 (up from US$0.015 loss in 1H 2022). Revenue: US$11.2m (down 29% from 1H 2022). Net income: US$407.1k (up US$5.08m from 1H 2022). Profit margin: 3.6% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 05
SMIT Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023 SMIT Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • May 30
SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022 SMIT Holdings Limited at the annual general meeting held on 29 May 2023, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2022. Upcoming Dividend • May 24
Upcoming dividend of HK$0.01 per share at 0.4% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 0.6% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.3%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: US$0.18 (vs US$0.031 in FY 2021) Full year 2022 results: EPS: US$0.18 (up from US$0.031 in FY 2021). Revenue: US$29.4m (down 19% from FY 2021). Net income: US$57.2m (up 481% from FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Raymond Woo was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.88, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 20% share price decline to HK$1.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 35% over the past three years. Announcement • Aug 20
SMIT Holdings Limited Announces the Resignation of Shuai Hongyu as Executive Director, President and Chief Operating Officer The board of directors of SMIT Holdings Limited announced that the Company received a resignation letter from Mr. Shuai Hongyu ("Mr. Shuai") that Mr. Shuai would resign from its positions as Executive Director, President and Chief Operating Officer of the Company with effect from 19 August 2022 on his own accord due to work adjustments which allow him to devote more time to the daily business operations of the Group. Reported Earnings • Aug 20
First half 2022 earnings released: US$0.01 loss per share (vs US$0.006 loss in 1H 2021) First half 2022 results: US$0.01 loss per share (down from US$0.006 loss in 1H 2021). Revenue: US$15.8m (up 2.2% from 1H 2021). Net loss: US$4.67m (loss widened 154% from 1H 2021). 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 7% per year, which means it is significantly lagging earnings. Announcement • Aug 13
SMIT Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ending 30 June 2022 SMIT Holdings Limited provided unaudited consolidated earnings guidance for the six months ending 30 June 2022. For the six months, Group expects to record a net loss of not more than USD 5,000,000 as compared to a net loss of approximately USD 1,850,000 that was recorded for the six months ended 30 June 2021. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$2.01, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 21% share price gain to HK$2.23, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 13% over the past three years. Announcement • May 28
SMIT Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021 SMIT Holdings Limited at the annual general meeting held on 27 May 2022, approved to declare a final dividend of HKD 0.01 per ordinary share of the Company in respect of the year ended 31 December 2021. Upcoming Dividend • May 24
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.1%). Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$1.67, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 49% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020) Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Raymond Kar was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.84, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: US$0.031 (vs US$0.012 loss in FY 2020) Full year 2021 results: EPS: US$0.031 (up from US$0.012 loss in FY 2020). Revenue: US$36.3m (down 4.1% from FY 2020). Net income: US$9.84m (up US$13.6m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Aug 27
CFO, Executive VP & Executive Director exercised options and sold HK$400k worth of stock On the 23rd of August, Man-tsun Loong exercised options to acquire 82k shares at no cost and sold these for an average price of HK$4.88 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.9m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 24
First half 2021 earnings released: US$0.006 loss per share (vs US$0.02 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$15.5m (down 15% from 1H 2020). Net loss: US$1.84m (loss narrowed 71% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Jul 20
CFO, Executive VP & Executive Director exercised options and sold HK$436k worth of stock On the 14th of July, Man-tsun Loong exercised options to acquire 104k shares at no cost and sold these for an average price of HK$4.19 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$4.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 06
CFO, Executive VP & Executive Director exercised options and sold HK$221k worth of stock On the 30th of June, Man-tsun Loong exercised options to acquire 61k shares at no cost and sold these for an average price of HK$3.63 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$2.5m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • May 25
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 18 June 2021. Trailing yield: 0.2%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.1%). Recent Insider Transactions Derivative • May 07
CFO, Executive VP & Executive Director exercised options and sold HK$302k worth of stock On the 30th of April, Man-tsun Loong exercised options to acquire 71k shares at no cost and sold these for an average price of HK$4.25 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.5m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 26
Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: US$0.012 loss per share (vs US$0.033 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$37.8m (flat on FY 2019). Net loss: US$3.71m (down 135% from profit in FY 2019). 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 25% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 27
Non-Executive Director has left the company On the 25th of March, Yang Liu's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yang's name. Yang is the only executive to leave the company over the last 12 months. Announcement • Mar 21
SMIT Holdings Limited Provides Group Financial Guidance for the Year Ended 31 December 2020 The board of directors of SMIT Holdings Limited announced that, according to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group expects to record a loss of not more than USD 4,000,000 as compared to a net profit of approximately USD 12,000,000 that was recorded for the year ended 31 December 2019. The loss for the year 2020 is mainly attributable to the absence of an one-off gain on deemed disposal of the equity interests in S2C Limited of approximately USD 22.78 million completed during the year ended 31 December 2019 and the Group's continuous investment and increased research and development expenditures relating to the development of the integrated circuit smart technology business, through the Group's subsidiaries and investee companies, which requires substantial capital investment. Announcement • Mar 13
SMIT Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 SMIT Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.80, the stock is trading at a trailing P/E ratio of 16.8x, down from the previous P/E ratio of 20.3x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total return to shareholders over the past three years is a loss of 68%. Is New 90 Day High Low • Feb 03
New 90-day high: HK$3.08 The company is up 3.0% from its price of HK$3.00 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: HK$2.66 The company is down 21% from its price of HK$3.38 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 Electronic industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: HK$2.70 The company is down 24% from its price of HK$3.55 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Recent Insider Transactions Derivative • Nov 10
CFO, Executive VP & Executive Director exercised options and sold HK$174k worth of stock On the 5th of November, Man-tsun Loong exercised options to acquire 58.00k shares at no cost and sold these for an average price of HK$3.00 per share. This trade did not impact their existing holding. As of today, Man-tsun currently holds no shares directly. Company insiders have collectively sold HK$3.2m more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Oct 29
New 90-day low: HK$3.36 The company is down 12% from its price of HK$3.80 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 9.0% over the same period. Announcement • Aug 08
SMIT Holdings Limited to Report First Half, 2020 Results on Aug 20, 2020 SMIT Holdings Limited announced that they will report first half, 2020 results on Aug 20, 2020 
