Announcement • Apr 18
Renco Holdings Group Limited, Annual General Meeting, Jun 23, 2025 Renco Holdings Group Limited, Annual General Meeting, Jun 23, 2025. Announcement • Apr 04
Renco Holdings Group Limited Announces Termination of Service Agreement with Executive Director, Cheok Ho Fung, Effective 1 April 2025 The board of directors of Renco Holdings Group Limited announced that the service agreement between the Company and Mr. Cheok Ho Fung, an executive director of the Company, dated 30 May 2002 for his directorship at the Company has been terminated with effect from 1 April 2025. Announcement • Mar 17
Renco Holdings Group Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Renco Holdings Group Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Feb 18
Renco Holdings Group Limited Announces Board and Committee Changes The Board Renco Holdings Group Limited announced that as Mr. Lau Fai Lawrence was a director of the Company on the date of the Loan Agreement, being 28 October 2016, on 18 February 2025, the Board has resolved to appoint Mr. Liu Chuan, an executive Director who is independent of the subject matters of the Investigation, as a member and the chairperson of the Special Investigation Committee in place of Mr. Lau Fai Lawrence. As at the date of this announcement, the Special Investigation Committee shall comprise Mr. Liu Chuan, Mr. Mak Kwok Kei and Mr. Xu Xinwei. New Risk • Jan 08
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 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-HK$47m). Market cap is less than US$10m (HK$58.3m market cap, or US$7.49m). Reported Earnings • Oct 02
First half 2024 earnings released: EPS: HK$0.009 (vs HK$0.058 loss in 1H 2023) First half 2024 results: EPS: HK$0.009 (up from HK$0.058 loss in 1H 2023). Revenue: HK$133.3m (down 2.6% from 1H 2023). Net income: HK$24.8m (up HK$178.6m from 1H 2023). Profit margin: 19% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Board Change • Sep 12
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 Mike Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 20
Renco Holdings Group Limited to Report First Half, 2024 Results on Aug 30, 2024 Renco Holdings Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 13
Renco Holdings Group Limited, Annual General Meeting, Jun 24, 2024 Renco Holdings Group Limited, Annual General Meeting, Jun 24, 2024. Reported Earnings • Apr 12
Full year 2023 earnings released: HK$0.14 loss per share (vs HK$0.19 loss in FY 2022) Full year 2023 results: HK$0.14 loss per share (improved from HK$0.19 loss in FY 2022). Revenue: HK$257.7m (down 28% from FY 2022). Net loss: HK$376.3m (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Renco Holdings Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Renco Holdings Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Nov 29
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 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Market cap is less than US$10m (HK$47.7m market cap, or US$6.11m). Announcement • Sep 27
Renco Holdings Group Limited Announces Resignation of Hung Yeung Alvi as Executive Director,Chairman of Executive Committee and Member of the Independent Investigation Committee The board (the "Board") of directors (the "Directors") of Renco Holdings Group Limited announced that Mr. Hung Yeung Alvin ("Mr. Hung") has resigned as an executive Director, chairman of the executive committee of the Board (the "Executive Committee") and the member of the independent investigation committee of the Company (the "Independent Investigation Committee") with effect from 26 September 2023. Mr. Hung tendered his resignation as an executive Director, chairman of the Executive Committee and the member of the Independent Investigation Committee due to his intention to concentrate on the pursuit and development of his other business activities. The Board and Mr. Hung have confirmed that there is no disagreement between Mr. Hung and the Board and there are no any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. Reported Earnings • Sep 04
First half 2023 earnings released: HK$0.058 loss per share (vs HK$0.13 loss in 1H 2022) First half 2023 results: HK$0.058 loss per share (improved from HK$0.13 loss in 1H 2022). Revenue: HK$136.9m (down 17% from 1H 2022). Net loss: HK$153.8m (loss narrowed 48% from 1H 2022). Announcement • Aug 18
Renco Holdings Group Limited to Report First Half, 2023 Results on Aug 30, 2023 Renco Holdings Group Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.19 loss per share (vs HK$0.20 loss in FY 2021) Full year 2022 results: HK$0.19 loss per share. Revenue: HK$355.7m (down 34% from FY 2021). Net loss: HK$466.1m (loss widened 3.2% from FY 2021). Announcement • Feb 18
Renco Holdings Group Limited Announces Redesignation of Li Yongjun from A Non-Executive Director to an Executive Director with Effect from 17 February 2023 Renco Holdings Group Limited announces that due to reallocation of duties and responsibilities amongst the Group's management, Mr. Li Yongjun ("Mr. Li") has been redesignated from a non-executive Director to an executive Director (the "Redesignation") with effect from 17 February 2023. Mr. Li will remain as the chairman of the Board. The biographical details of Mr. Li are set out below: Mr. Li, aged 54, was appointed as a non-executive Director of the Board with effect from 30 August 2019 and was appointed as the chairman of the Board with effect from 6 April 2020. Mr. Li has over 20 years' of working experience in enterprise strategic decision making and corporate management. He is currently the president of Yongxinhua Holding Group Co. Ltd. (together with its subsidiaries, the "Yongxinhua Holding"). Mr. Li founded the Yongxinhua Holding in 2003, which is an integrated and multipurpose corporation and a co-partner of United Nations Educational, Scientific and Cultural Organisation (UNESCO) in the world intangible cultural heritage industry. Its principal activities include equity investment in financial institutions, cultural industry integration and innovation development, development and construction of cultural industry park and protection of intangible cultural heritage. From May 2018 to October 2022, Mr. Li has served as an executive director and vice chairman of the board of directors of Crown International Corporation Limited, a company whose shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited (the "Stock Exchange") (HKSE StockCode: 727). Mr. Li was the chief executive officer of Crown International Corporation Limited from July 2018 to March 2019. Mr. Li is also the Asia chairman of the Global Hope Coalition, the vice chairman of the "Belt and Road"Silk Road Planning Researching Center, the vice chairman of the China Industry University Research Collaboration Association and the vice chairman of the China Intangible Cultural Heritage Protection Association. Mr. Li obtained a degree of Executive Master of Business Administration from Cheung Kong Graduate School of Business in the PRC in September 2008. He obtained a qualification certificate as a senior engineer in the PRC in July 2001. Board Change • Nov 16
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 Xinwei Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: HK$0.13 loss per share (vs HK$0.098 loss in 1H 2021) First half 2022 results: HK$0.13 loss per share (down from HK$0.098 loss in 1H 2021). Revenue: HK$164.7m (down 32% from 1H 2021). Net loss: HK$298.1m (loss widened 37% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Board Change • Aug 18
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 Xinwei Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 21
Renco Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 44 million. Renco Holdings Group Limited has completed a Follow-on Equity Offering in the amount of HKD 44 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 440,000,000
Price\Range: HKD 0.1
Discount Per Security: HKD 0.006
Transaction Features: Subsequent Direct Listing Reported Earnings • Jun 12
Full year 2021 earnings released: HK$0.20 loss per share (vs HK$0.47 loss in FY 2020) Full year 2021 results: HK$0.20 loss per share (up from HK$0.47 loss in FY 2020). Revenue: HK$535.4m (up 93% from FY 2020). Net loss: HK$451.6m (loss narrowed 56% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Jun 01
Renco Holdings Group Limited, Annual General Meeting, Jul 15, 2022 Renco Holdings Group Limited, Annual General Meeting, Jul 15, 2022. Buying Opportunity • May 26
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be HK$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.21 loss per share (vs HK$0.47 loss in FY 2020) Full year 2021 results: HK$0.21 loss per share (up from HK$0.47 loss in FY 2020). Revenue: HK$535.4m (up 93% from FY 2020). Net loss: HK$458.3m (loss narrowed 56% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 01
First half 2021 earnings released: HK$0.098 loss per share (vs HK$0.16 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: HK$240.6m (up 361% from 1H 2020). Net loss: HK$217.1m (loss narrowed 39% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year whereas the company’s share price has fallen by 50% per year. Announcement • Aug 22
Renco Holdings Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2021 Renco Holdings Group Limited provided group earnings guidance for the six months ended 30 June 2021. The company announced that based on the information currently available to the Group and a preliminary assessment of the unaudited condensed consolidated financial statements of the Group for the six months ended 30 June 2021, the group is expected to record a decrease of 40% in its consolidated loss for the six months ended 30 June 2021 to approximately HKD 215 million as compared with the loss of approximately HKD 353 million for the prior six months ended 30 June 2020. The board considers that the aforesaid expected losses were mainly due to (i) the substantial provision for losses on several overdue repayment of the financial assistances provided by the Group (‘Overdue Financial Assistances’) and additional provision for losses on certain overdue receivables under the litigation proceedings on Overdue Financial Assistances; (ii) the impairment losses arisen as the result of the decrease in the market value of the treasury investments segment and financial services segment caused by the current worldwide capital market fluctuations and the adverse impacts of the outbreak of Coronavirus Disease 2019; and (iii) the fair value losses arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss. Reported Earnings • Mar 30
Full year 2020 earnings released: HK$0.47 loss per share (vs HK$0.30 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: HK$277.6m (up 33% from FY 2019). Net loss: HK$1.03b (loss widened 56% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Announcement • Mar 23
Renco Holdings Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2020 Renco Holdings Group Limited provided consolidated earnings guidance for the year ended 31 December 2020. The group is expected to record an increase in its consolidated loss before taxation for the relevant Year of approximately HKD 1,000 million as compared with the loss before taxation of approximately HKD 603 million for the prior financial year ended 31 December 2019. The Board considers that the expected losses during the Relevant Year were mainly due to (i) the provision of losses on several overdue repayment of the financial assistances provided by the Group (Overdue Financial Assistances) and additional provision of losses on certain overdue receivables under the litigation proceedings on Overdue Financial Assistances of approximately HKD 398 million in total; (ii) the substantial fair value losses of approximately HKD 270 million arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss; and (iii) the impairment losses of approximately HKD 320 million arisen as the result of the decrease in the market value of the treasury investments segment and financial services segment caused by the current worldwide capital market fluctuations and the adverse impacts of the outbreak of Coronavirus Disease 2019. Announcement • Mar 17
Renco Holdings Group Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Renco Holdings Group Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Oct 21
New 90-day low: HK$0.39 The company is down 25% from its price of HK$0.52 on 23 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 5.0% over the same period. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total losses of HK$664.7m, with losses widening by 10% from the prior year. Total revenue was HK$111.0m over the last 12 months, down 73% from the prior year. Is New 90 Day High Low • Sep 21
New 90-day low: HK$0.42 The company is down 18% from its price of HK$0.51 on 23 June 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Announcement • Aug 22
Renco Holdings Group Limited to Report First Half, 2020 Results on Aug 28, 2020 Renco Holdings Group Limited announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 31
Eternal Glory Holdings Limited acquired additional 12% stake in HKBridge Financial Holdings Limited (SEHK:2323) from Youfu Investment Co., Ltd. for HKD 2.6 million. Eternal Glory Holdings Limited acquired additional 12% stake in HKBridge Financial Holdings Limited (SEHK:2323) from Youfu Investment Co., Ltd. for HKD 2.6 million on March 30, 2020. Post acquisition, Eternal Glory Holdings Limited increased its stake in HKBridge Financial Holdings Limited from 16.3% to 28.3%, and Youfu Investment Co., Ltd. decreased its stake from 40.87% to 28.87%.
Eternal Glory Holdings Limited completed the acquisition of additional 12% stake in HKBridge Financial Holdings Limited (SEHK:2323) from Youfu Investment Co., Ltd. on March 30, 2020.