New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$778.1m (US$99.3m) This is considered a minor 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. Upcoming Dividend • May 13
Upcoming dividend of CN¥0.17 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (2.7%). Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: CN¥0.56 (vs CN¥0.54 in FY 2024) Full year 2025 results: EPS: CN¥0.56 (up from CN¥0.54 in FY 2024). Revenue: CN¥1.51b (down 8.6% from FY 2024). Net income: CN¥170.2m (up 3.7% from FY 2024). Profit margin: 11% (up from 10.0% in FY 2024). The increase in margin was driven by lower expenses. Declared Dividend • Mar 25
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 20th May 2026 Payment date: 26th June 2026 Dividend yield will be 6.1%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Full year 2025 earnings released: EPS: CN¥0.56 (vs CN¥0.54 in FY 2024) Full year 2025 results: EPS: CN¥0.56 (up from CN¥0.54 in FY 2024). Revenue: CN¥1.51b (down 8.6% from FY 2024). Net income: CN¥170.2m (up 3.7% from FY 2024). Profit margin: 11% (up from 10.0% in FY 2024). The increase in margin was driven by lower expenses. Announcement • Mar 21
Wise Living Technology Co., Ltd, Annual General Meeting, May 15, 2026 Wise Living Technology Co., Ltd, Annual General Meeting, May 15, 2026. Announcement • Mar 10
Wise Living Technology Co., Ltd to Report Fiscal Year 2025 Results on Mar 20, 2026 Wise Living Technology Co., Ltd announced that they will report fiscal year 2025 results on Mar 20, 2026 New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$772.1m (US$99.2m) This is considered a minor 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. New Risk • Sep 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.37 in 1H 2024) First half 2025 results: EPS: CN¥0.37 (down from CN¥0.37 in 1H 2024). Revenue: CN¥759.6m (down 8.9% from 1H 2024). Net income: CN¥111.7m (flat on 1H 2024). Profit margin: 15% (up from 14% in 1H 2024). The increase in margin was driven by lower expenses. Announcement • Aug 12
Wise Living Technology Co., Ltd to Report First Half, 2025 Results on Aug 22, 2025 Wise Living Technology Co., Ltd announced that they will report first half, 2025 results on Aug 22, 2025 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$3.12, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 64% over the past year. Announcement • May 17
Wise Living Technology Co., Ltd Approves Final Dividend for the Year Ended 31 December 2024, Payable on or Before 27 June 2025 Wise Living Technology Co. Ltd. at its annual general meeting held on May 16, 2025, approved the payment of final dividend for the year ended 31 December 2024 to the Shareholders. The Company will distribute the 2024 Final Dividend on or before 27 June 2025 to all Shareholders whose names appear on the register of members of the Company on 28 May 2025. The 2024 Final Dividend shall be denominated in RMB at RMB 0.164 per Share (tax inclusive). Dividends for H Shares will be paid in Hong Kong dollars. The relevant exchange rate for conversion shall be calculated by the average central parity rate of the relevant foreign exchange posted by China Foreign Exchange Trading Centre for one calendar week immediately preceding the date of declaration of such dividend at the AGM (that is HKD 1 to RMB 0.9233). As such the 2024 Final Dividend per Share is HKD 0.1776 (tax inclusive). For determining the entitlement to receive the 2024 Final Dividend, the register of members of the Company will be closed from 23 May 2025 to 28 May 2025, both days inclusive, during which period no transfer of H Shares will be registered. In order for the Shareholders to qualify for receiving the 2024 Final Dividend, all share transfer documents accompanied by the relevant share certificates must be lodged with the Company's H Share Registrar, Computershare Hong Kong Investor Services Limited on 22 May 2025. Upcoming Dividend • May 14
Upcoming dividend of CN¥0.16 per share Eligible shareholders must have bought the stock before 21 May 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 6.9%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$2.63, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total returns to shareholders of 8.1% over the past year. New Risk • May 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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 19x cash flows per share). New Risk • Apr 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 19x cash flows per share. Dividend yield: 8.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 19x cash flows per share). Market cap is less than US$100m (HK$690.7m market cap, or US$89.0m). Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: CN¥0.54 (vs CN¥0.57 in FY 2023) Full year 2024 results: EPS: CN¥0.54. Revenue: CN¥1.65b (up 7.4% from FY 2023). Net income: CN¥164.2m (up 10% from FY 2023). Profit margin: 10.0% (in line with FY 2023). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$2.38, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total loss to shareholders of 5.8% over the past year. Declared Dividend • Mar 24
Dividend of CN¥0.16 announced Shareholders will receive a dividend of CN¥0.16. Ex-date: 21st May 2025 Payment date: 27th June 2025 Dividend yield will be 6.9%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Mar 18
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 10.0% 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 (10.0% average weekly change). Market cap is less than US$100m (HK$711.8m market cap, or US$91.6m). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.36, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Negligible returns to shareholders over past year. New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$763.0m (US$98.2m) This is considered a minor 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. Announcement • Mar 11
Wise Living Technology Co., Ltd to Report Fiscal Year 2024 Results on Mar 21, 2025 Wise Living Technology Co., Ltd announced that they will report fiscal year 2024 results on Mar 21, 2025 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.62, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 7.3% over the past year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$2.33, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 8x in the Electronic industry in Hong Kong. Total loss to shareholders of 3.5% over the past year. New Risk • Jan 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$760.0m (US$97.6m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$760.0m market cap, or US$97.6m). Announcement • Jan 17
Wise Living Technology Co., Ltd Announces Change of Joint Company Secretary The board of directors of Wise Living Technology Co. Ltd. announced that Mr. Tso Ping Cheong Brian ("Mr. Tso") has tendered his resignation as a joint company secretary of the Company (the "Joint Company Secretary") and has
ceased to act as the process agent for accepting service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from 17 January 2025. Mr. Tso resigned due to internal structure change of the Company's service provider, Acclime Corporate Services Limited, and Ms. Charmayne Chan ("Ms. Chan") is assigned to be the Joint Company Secretary and Process Agent in place of Mr. Tso. The Board further announced that Ms. Chan has been appointed as the Joint Company Secretary and Process Agent with effect from 17 January 2025. After the aforesaid changes, Mr. Ma Ke ("Mr. Ma") will continue to serve as the other Joint Company Secretary. Ms. Chan has worked for Acclime Corporate Services Limited, a corporate services provider since September 2018 and was appointed as its director in July 2019. She has over 17 years of experience in company secretarial field. She had served in a law firm and listed companies and had extensive experience in performing full range of company secretarial duties of listed companies (Main and GEM boards of the Stock Exchange) and private companies of major jurisdictions. She is currently the company secretary of PuraPharm Corporation Limited. On 30 September 2024, she has been appointed as the joint company secretary of Redsun Services Group Limited and Redsun Properties Group Limited, respectively. On 1 January 2025, she has been appointed the company secretary of Fineland Living Services Group Limited. Ms. Chan has been a Chartered Governance Professional awarded by CGI and HKCGI since March 2019 and an associate member of the HKCGI since January 2014 and an elected associate of the CGI since January 2014. She obtained a master's degree in corporate governance from the Hong Kong Polytechnic University in Hong Kong in October 2013 and a bachelor's degree in business administration and management from the University of Huddersfield in the United Kingdom through distance education in November 2007. New Risk • Jan 09
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.13, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 9.7% over the past year. Reported Earnings • Aug 27
First half 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.35 in 1H 2023) First half 2024 results: EPS: CN¥0.37 (up from CN¥0.35 in 1H 2023). Revenue: CN¥834.0m (up 17% from 1H 2023). Net income: CN¥112.3m (up 42% from 1H 2023). Profit margin: 14% (up from 11% in 1H 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$2.58, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 3.3% over the past year. Announcement • Aug 15
Wise Living Technology Co. Ltd. Provides Unaudited Consolidated Earning Guidance for the Six Months Ended 30 June 2024 Wise Living Technology Co. Ltd. provided unaudited consolidated earning guidance for the six months ended 30 June 2024. The Group expects to record a net profit attributable to owners of the Company ranging from approximately RMB100.0 million to RMB 120.0 million for the six months ended 30 June 2024, representing an increase of approximately 26% to approximately 51% as compared to approximately RMB 79.3 million for the six months ended 30 June 2023. Such increase was mainly attributable to (i) the increase in the actual heat service area of the Group, and (ii) the decrease in the cost of heat due to the decrease in fuel cost. Announcement • Aug 14
Wise Living Technology Co., Ltd to Report First Half, 2024 Results on Aug 23, 2024 Wise Living Technology Co., Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Buy Or Sell Opportunity • May 28
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at HK$2.69. The fair value is estimated to be HK$2.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 18%. Announcement • Mar 24
Wise Living Technology Co., Ltd, Annual General Meeting, May 17, 2024 Wise Living Technology Co., Ltd, Annual General Meeting, May 17, 2024. Announcement • Mar 13
Wise Living Technology Co., Ltd to Report Fiscal Year 2023 Results on Mar 22, 2024 Wise Living Technology Co., Ltd announced that they will report fiscal year 2023 results on Mar 22, 2024 Announcement • Jan 23
Wise Living Technology Co., Ltd Announces Change of Employee Representative Supervisor The board of directors of Wise Living Technology Co. Ltd. announced that Mr. Liu Zhigang has tendered his resignation as an employee representative supervisor of the Company with effect from 22 January 2024 due to change in work arrangements. The Board announced that Mr. Wang Shuai has been elected as the employee representative supervisor at the employees' meeting of the Company held on 22 January 2024. Mr. Wang Shuai, aged 31, has been serving as the chief financial officer of Lanzhou New Area Shuangliang Thermal Power Company Limited since January 2021. Mr. Wang joined the Group in April 2018 and served as an accountant of the finance department of the Company from April 2018 to September 2018 and the finance manager of Lanzhou Shuangliang from September 2018 to December 2020. Prior to joining the Group, Mr. Wang worked as an auditor at RSM China CPA LLP from April 2017 to April 2018. Mr. Wang graduated from Changzhou University with a bachelor's degree in Petroleum Engineering in June 2013. In June 2016, Mr. Wang obtained the master's degree of Oil and Gas Field Development Engineering from Southwest Petroleum University. Mr. Wang obtained the qualification of intermediate accountant in 2017 and the qualification of certified public accountant in 2019. Reported Earnings • Aug 29
First half 2023 earnings released First half 2023 results: EPS: CN¥0.35. Net income: CN¥79.3m (up CN¥79.3m from 1H 2022). Announcement • Aug 16
Wise Living Technology Co., Ltd to Report First Half, 2023 Results on Aug 25, 2023 Wise Living Technology Co., Ltd announced that they will report first half, 2023 results on Aug 25, 2023 Board Change • Jul 10
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. 6 non-independent directors. Independent Non-Executive Director Qing Zhu 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 • Jul 08
Wise Living Technology Co., Ltd has completed an IPO in the amount of HKD 272.16 million. Wise Living Technology Co., Ltd has completed an IPO in the amount of HKD 272.16 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,560,000
Price\Range: HKD 3.6
Discount Per Security: HKD 0.108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 53,217,000
Price\Range: HKD 3.6
Discount Per Security: HKD 0.108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 14,823,000
Price\Range: HKD 3.6
Discount Per Security: HKD 0.108
Transaction Features: Regulation S