Recent Insider Transactions • Apr 21
Executive Chairman recently bought HK$258k worth of stock On the 14th of April, Lit Wan Cheung bought around 30k shares on-market at roughly HK$8.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lit Wan's only on-market trade for the last 12 months. New Risk • Mar 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$780.8m (US$99.8m) 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. Reported Earnings • Jan 03
First half 2026 earnings released: EPS: HK$0.009 (vs HK$0.015 in 1H 2025) First half 2026 results: EPS: HK$0.009 (down from HK$0.015 in 1H 2025). Revenue: HK$87.1m (down 49% from 1H 2025). Net income: HK$680.0k (down 41% from 1H 2025). Profit margin: 0.8% (up from 0.7% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
First half 2026 earnings released: EPS: HK$0.009 (vs HK$0.014 in 1H 2025) First half 2026 results: EPS: HK$0.009 (down from HK$0.014 in 1H 2025). Revenue: HK$87.1m (down 49% from 1H 2025). Net income: HK$680.0k (down 41% from 1H 2025). Profit margin: 0.8% (up from 0.7% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Nov 14
Hunlicar Group Limited to Report First Half, 2026 Results on Nov 28, 2025 Hunlicar Group Limited announced that they will report first half, 2026 results on Nov 28, 2025 Reported Earnings • Jul 31
Full year 2025 earnings released: HK$0.97 loss per share (vs HK$0.28 profit in FY 2024) Full year 2025 results: HK$0.97 loss per share (down from HK$0.28 profit in FY 2024). Revenue: HK$239.0m (down 33% from FY 2024). Net loss: HK$76.1m (down HK$90.9m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 170% to HK$17.00. The fair value is estimated to be HK$13.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 57% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jul 15
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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 01
Full year 2025 earnings released: HK$0.97 loss per share (vs HK$0.28 profit in FY 2024) Full year 2025 results: HK$0.97 loss per share (down from HK$0.28 profit in FY 2024). Revenue: HK$239.0m (down 33% from FY 2024). Net loss: HK$76.1m (down HK$90.9m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Hunlicar Group Limited, Annual General Meeting, Sep 25, 2025 Hunlicar Group Limited, Annual General Meeting, Sep 25, 2025. New Risk • Jun 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$33m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (HK$33m sold). Market cap is less than US$100m (HK$703.0m market cap, or US$89.6m). Announcement • Jun 18
Hunlicar Group Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Hunlicar Group Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$8.90, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$5.67, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total returns to shareholders of 63% over the past three years. Announcement • Apr 08
Cheung Lit Wan Kenneth completed the acquisition of an additional 25.11% stake in Hunlicar Group Limited (SEHK:3638). Cheung Lit Wan Kenneth proposed to acquire an additional 25.11% stake in Hunlicar Group Limited (SEHK:3638) for HKD 87.5 million on February 20, 2025. A cash consideration of HKD 87.48 million valued at HKD 4.5 per share will be paid by the buyer. As part of consideration, HKD 87.48 million is paid towards common equity of Hunlicar Group Limited. The transaction is subject to minimum tender. As of February 28, 2025, the Offeror and the Company are pleased to announce that, the consent from the Executive in respect of the Partial Offer pursuant to Rule 28.1 of the Takeovers Code has been obtained, and the Pre-Condition has been fulfilled. Shareholders and potential investors of the Company should note that the
Partial Offer will be subject to the satisfaction of the Conditions. The Partial Offer may or may not become unconditional and will lapse if it does not become unconditional. Accordingly, the issue of this joint announcement does not in any way imply that the Partial Offer will be completed. As of March 12, 2025, the valuation report of the Group, together with the Form of Approval and Acceptance, will be dispatched to the Qualifying Shareholders. The transaction is expected to be completed on April 2, 2025.
Hong Kong International Capital Management Limited acted as financial advisor to Cheung Lit Wan Kenneth. Emperor Corporate Finance Limited acted as the Independent Financial Adviser to the Independent Board Committee of the Company.
Cheung Lit Wan Kenneth completed the acquisition of an additional 25.11% stake in Hunlicar Group Limited (SEHK:3638) on April 7, 2025. Immediately before the Offer Period, the Offeror and parties acting in concert with it held 23,144,966 Shares, representing approximately 29.89% of the existing issued share capital in the Company as at the date of this joint announcement. Upon settlement of the 19,439,034 Shares, the Offeror and parties acting in concert with it will hold approximately 55.00% of the total issued Shares of the Company. Announcement • Mar 31
Hunlicar Group Limited Announces Board Changes Hunlicar Group Limited announced that Mr. Qu Hongqing (``Mr Qu'') has tendered his resignation as an executive Director and an authorised representative of the Company. The Board further announces that with effect from 31 March 2025, Mr. Chan Wing Sum, being an executive Director of the Company, has been appointed as an Authorised Representative to fill the vacancy of Mr. Qu. Announcement • Jan 28
Hunlicar Group Limited Announces Board Changes The board of directors of Hunlicar Group Limited announced the following changes to the Board and its committees with effect from 1 February 2025: Mr. Mao Shuguang (``Mr Mao'') will resign as an independent non-executive Director and will cease to be a member of the audit committee (the ``Audit Committee'') of the Company; Mr. Lee Ka Leung Daniel (``Mr Lee'') will be appointed as an independent non-executive Director and a member of the Audit Committee; Mr. Qu Hongqing (``Mr Qu''), an executive Director, will cease to be the chairman of the corporate governance committee (the ``Corporate Governance Committee''), a member of each of the nomination committee (the ``Nomination Committee'') and the remuneration committee (the ``Remuneration Committee'') of the Company; Ms Luo Ying (``Ms Luo''), an executive Director, will be appointed as a member of each of the Nomination Committee and the Remuneration Committee; Mr. Cheung Lit Wan Kenneth (``Mr Cheung''), the chairman of the Board, will be appointed as a member of the Corporate Governance Committee; and Mr. Leung Wai Kwan (``Mr Leung''), an independent non-executive Director, will be appointed as the chairman of the Corporate Governance Committee .Mr Mao confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the Company's shareholders and The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') in relation to his resignation. Mr. Lee, aged 66, is a certified public accountant with practising certificate. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He served as a partner of BDO Limited, Hong Kong member firm of the international accounting network BDO during the period from 2005 to 2023. He was a member of the Chinese People's Political Consultative Conference Hainan Committee during the period from 2013 to 2022. Since 29 November 2023, he has served as an independent non-executive director of Baijin Life Science Holdings Limited. Mr. Lee has entered into a service contract with the Company for a term of three years, and is subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the articles of association of the Company. The appointment of Mr. Lee as an independent non-executive Director can be terminated by three months' notice in writing served by either party on another. Mr. Lee will receive an emolument of HKD 161,000 per annum, which is determined by the Board with reference to his experience, duties and responsibilities in the Company and the current market rate. Mr. Lee has no relationship with any Directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Lee has no interest (within the meaning of Part XV of the Securities Futures Ordinance (Chapter 571 of the Laws of Hong Kong)) in the securities of the Company. Save as disclosed above, Mr. Lee has not been a director of any listed companies in the past three years nor held any other position with the Company and/or any of its subsidiaries. Mr. Lee has not been involved in any of the events under Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and there are no other matters in relation to the aforesaid appointment of Mr. Lee that need to be brought to the attention of the Shareholders. The Board would like to take this opportunity to welcome Mr. Lee to join the Board. Reported Earnings • Nov 29
First half 2025 earnings released: EPS: HK$0.014 (vs HK$0.75 loss in 1H 2024) First half 2025 results: EPS: HK$0.014 (up from HK$0.75 loss in 1H 2024). Revenue: HK$169.8m (down 14% from 1H 2024). Net income: HK$1.14m (up HK$34.1m from 1H 2024). Profit margin: 0.7% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (HK$328.4m market cap, or US$42.2m). Announcement • Nov 14
Hunlicar Group Limited to Report Q2, 2025 Results on Nov 25, 2024 Hunlicar Group Limited announced that they will report Q2, 2025 results on Nov 25, 2024 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to HK$4.60, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 66% over the past three years. New Risk • Sep 30
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 19% 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 (19% average weekly change). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$228.9m market cap, or US$29.4m). New Risk • Sep 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$21.7m (US$2.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$21.7m market cap, or US$2.79m). Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding). Buy Or Sell Opportunity • Sep 25
Now 122% overvalued after recent price rise Over the last 90 days, the stock has risen 424% to HK$3.30. The fair value is estimated to be HK$1.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 24
Huabang Technology Holdings Limited Announces Board Changes The Board of Huabang Technology Holdings Limited announced that Mr. Li Huaqiang and Mr. Zhu Shouzhong each retired from the office as an independent non-executive Director at the conclusion of the AGM, and accordingly, Mr. Li ceased to be a member of the audit committee, nomination committee, remuneration committee and corporate governance committee of the Company, and Mr. Zhu ceased to be a member of the audit committee of the Company.
Following the retirements of Mr. Li and Mr. Zhu, the Board announced that Mr. Mao Shuguang and Mr. Leung Wai Kwan have each been elected by the Shareholders as an independent non-executive Director. Further, Mr. Mao has been appointed as a member of the audit committee of the Company and Mr. Leung has been appointed as a member of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Company. Following the retirements of Mr. Li and Mr. Zhu, Mr. Mao has been appointed as a member of the audit committee of the Company with effect from 24 September 2024, and Mr. Leung has been appointed as a member of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Company with effect from 24 September 2024. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$397.8m market cap, or US$51.1m). Reported Earnings • Aug 03
Full year 2024 earnings released: EPS: HK$0.023 (vs HK$0.27 loss in FY 2023) Full year 2024 results: EPS: HK$0.023 (up from HK$0.27 loss in FY 2023). Revenue: HK$357.1m (down 22% from FY 2023). Net income: HK$14.8m (up HK$142.4m from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. 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. 4 non-independent directors. Independent Non-Executive Director Huaqiang Li was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Huabang Technology Holdings Limited Appoints Cheung Lit Wan Kenneth as Chairman, and Executive Director The board of directors of Huabang Technology Holdings Limited announced that Mr. Cheung Lit Wan Kenneth has been appointed as the Chairman, and executive Director of the Company, with effect from 2 July 2024. Mr. Cheung Lit Wan Kenneth ("Mr. Cheung"), aged 57. Mr. Cheung has over 30 years of management experience in investment on securities, wealth management, asset management and financial products. He is the founder, chairman and chief executive officer of China Hunlicar Financial Group Limited. Before that, he was an executive director of Glory Sun Financial Holdings Limited (formerly known as China Goldjoy Holding Limited) and the founder, executive director and chief executive officer of Glory Sun Securities Limited (formerly known as Hunlicar Securities Limited, China Yinsheng Securities Limited and China Goldjoy Securities Limited respectively). Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: HK$0.023 (vs HK$0.27 loss in FY 2023) Full year 2024 results: EPS: HK$0.023 (up from HK$0.27 loss in FY 2023). Revenue: HK$357.1m (down 22% from FY 2023). Net income: HK$14.8m (up HK$142.4m from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Huabang Technology Holdings Limited, Annual General Meeting, Sep 24, 2024 Huabang Technology Holdings Limited, Annual General Meeting, Sep 24, 2024. Announcement • Apr 05
Huabang Technology Holdings Limited Announces Board Changes The board of directors of Huabang Technology Holdings Limited announced that Ms. Kwok Ling Yee Pearl Elizabeth ("Ms. Kwok") has resigned as an executive Director with effect from 5 April 2024 as she would like to devote more time to her personal commitments. The Board further announces that Ms. Luo Ying ("Ms. Luo") has been appointed as an executive Director, with effect from 5 April 2024. Ms. Luo, aged 35, has over 10 years of experience in finance and corporate governance for listed company in Hong Kong and the United States of America (the "US"). Ms. Luo has served successively in several senior management positions of Renze Harvests International Limited(formerly known as Glory Sun Financial Group Limited) (Stock code: 1282). Ms. Luo graduated with a master degree of Financial Management from Pace University in the US and a bachelor's degree of Financial Services from Kansas State University in the US. Announcement • Mar 28
Huabang Technology Holdings Limited Announces Executive Changes, Effective April 1, 2024 The board of directors of Huabang Technology Holdings Limited announced that Mr. Wong Kwok Ming (Mr. Wong) has tendered his resignation as the company secretary of the company; an authorized representative of the company pursuant to Part 16 of the Companies Ordinance and Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; and an authorised representative of the Company under Rule 19.05(2) of the Listing Rules for the acceptance of service of process and notices on behalf of the Company in Hong Kong with effect from 1 April 2024. The Board further announced that Mr. So Wing Chun (Mr. So) has been appointed as the Company Secretary, Authorised Representative and Process Agent with effect from 1 April 2024. Mr. So is a manager of SWCS Corporate Services Group (Hong Kong) Limited, a corporate secretarial services provider in Hong Kong. He is the company secretary of Leading Holdings Group Limited (Stock Code: 6999) and Ling Yue Services Group Limited (Stock Code: 2165) and was the company secretary of Pa Shun International Holdings Limited (Stock Code: 574), companies listed on the Main Board of the Stock Exchange. Mr. So obtained a Bachelor of Business Administration (Honours) from Hong Kong Shue Yan University. He is an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. New Risk • Jan 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$11m sold). Market cap is less than US$100m (HK$293.6m market cap, or US$37.6m). Reported Earnings • Dec 03
First half 2024 earnings released: HK$0.062 loss per share (vs HK$0.16 loss in 1H 2023) First half 2024 results: HK$0.062 loss per share (improved from HK$0.16 loss in 1H 2023). Revenue: HK$197.3m (up 57% from 1H 2023). Net loss: HK$32.9m (loss narrowed 52% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. New Risk • Nov 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$11m sold). Market cap is less than US$100m (HK$233.9m market cap, or US$30.0m). New Risk • Nov 17
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 Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$167.3m market cap, or US$21.4m). Announcement • Nov 15
Huabang Technology Holdings Limited to Report First Half, 2024 Results on Nov 30, 2023 Huabang Technology Holdings Limited announced that they will report first half, 2024 results on Nov 30, 2023 Announcement • Sep 20
Huabang Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 26.307 million. Huabang Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 26.307 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 105,228,000
Price\Range: HKD 0.25
Transaction Features: Subsequent Direct Listing New Risk • Sep 20
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 Risk Earnings have declined by 56% 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$192.6m market cap, or US$24.6m). Reported Earnings • Jul 26
Full year 2023 earnings released: HK$0.27 loss per share (vs HK$0.56 loss in FY 2022) Full year 2023 results: HK$0.27 loss per share (improved from HK$0.56 loss in FY 2022). Revenue: HK$456.6m (down 73% from FY 2022). Net loss: HK$127.6m (loss narrowed 47% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 19 percentage points per year, which is a significant difference in performance. Announcement • Jun 21
Huabang Technology Holdings Limited, Annual General Meeting, Aug 18, 2023 Huabang Technology Holdings Limited, Annual General Meeting, Aug 18, 2023. Reported Earnings • Jun 21
Full year 2023 earnings released: HK$0.27 loss per share (vs HK$0.56 loss in FY 2022) Full year 2023 results: HK$0.27 loss per share (improved from HK$0.56 loss in FY 2022). Revenue: HK$456.6m (down 73% from FY 2022). Net loss: HK$127.6m (loss narrowed 47% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Announcement • Jun 09
Huabang Technology Holdings Limited to Report Fiscal Year 2023 Results on Jun 20, 2023 Huabang Technology Holdings Limited announced that they will report fiscal year 2023 results on Jun 20, 2023 Announcement • Dec 07
Huabang Technology Holdings Limited Announces Board Changes The board of directors of Huabang Technology Holdings Limited announced that Mr. Liu Qiaosong ("Mr. Liu") has resigned as an executive director and vice-chairman of the Company, with effect from 6 December 2022 to devote more time to his other work commitments. Mr. Liu remains as a director in each of Huabang Securities Limited, Goldenmars Technology (Hong Kong) Limited, Great Success Global Investments Limited and Golden Profit Global Trading Limited, wholly-owned subsidiaries of the Company. Mr. Liu confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board also announces that with effect from 6 December 2022: Mr. Liu has ceased to be a member in each of the remuneration committee, the nomination committee and the corporate governance committee and the chairman of the corporate governance committee of the Company; Mr. Qu Hongqing, an executive director of the Company, has been appointed as a member in each of the remuneration committee and the nomination committee and the chairman of the corporate governance committee of the Company; and Mr. Li Huaqiang, an independent non-executive director of the Company has been appointed as a member of the corporate governance committee of the Company. The Board will nominate suitable candidate to act as the chairman of the Board as soon as practicable and will make necessary announcement as and when appropriate. Mr. Qu Hongqing will assume the duties of chairman of the Board temporarily until a new chairman has been elected. Reported Earnings • Nov 26
First half 2023 earnings released: HK$0.16 loss per share (vs HK$0.16 loss in 1H 2022) First half 2023 results: HK$0.16 loss per share (in line with 1H 2022). Revenue: HK$125.9m (down 90% from 1H 2022). Net loss: HK$69.0m (loss widened 1.1% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Nov 12
Huabang Technology Holdings Limited to Report First Half, 2023 Results on Nov 25, 2022 Huabang Technology Holdings Limited announced that they will report first half, 2023 results on Nov 25, 2022 Announcement • Nov 03
Huabang Technology Holdings Limited Provides Guidance for the Six Months Ended 30 September 2022 The board of Huabang Technology Holdings Limited announced that based on the preliminary assessment of the management accounts of the Group for the six months ended 30 September 2022 and the information currently available to the Company, it is expected that the Group will record a net loss of approximately HKD 65 million to HKD 69 million for the six months ended 30 September 2022 as compared to the net loss of approximately HKD 67 million for the six months ended 30 September 2021, which was mainly attributable to the combined effect of the following factors: the significant decrease in revenue and gross profit in the trading business and financialservices business of the Group for the six months ended 30 September 2022; decrease in overall general and administrative expenses; and decrease in provision for expected credit loss allowance on the Group's account receivables for the six months ended 30 September 2022. Announcement • Sep 21
Huabang Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 21.92391 million. Huabang Technology Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 21.92391 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 87,695,640
Price\Range: HKD 0.25
Discount Per Security: HKD 0.00375
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 03
Full year 2022 earnings released: HK$0.56 loss per share (vs HK$0.21 loss in FY 2021) Full year 2022 results: HK$0.56 loss per share (down from HK$0.21 loss in FY 2021). Revenue: HK$1.70b (down 16% from FY 2021). Net loss: HK$241.0m (loss widened 159% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 19
Full year 2022 earnings released: HK$0.56 loss per share (vs HK$0.21 loss in FY 2021) Full year 2022 results: HK$0.56 loss per share (down from HK$0.21 loss in FY 2021). Revenue: HK$1.70b (down 16% from FY 2021). Net loss: HK$241.0m (loss widened 159% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Announcement • Jun 18
Huabang Technology Holdings Limited, Annual General Meeting, Aug 24, 2022 Huabang Technology Holdings Limited, Annual General Meeting, Aug 24, 2022. Announcement • Jun 03
Huabang Technology Holdings Limited to Report Fiscal Year 2022 Results on Jun 17, 2022 Huabang Technology Holdings Limited announced that they will report fiscal year 2022 results on Jun 17, 2022 Announcement • Jun 02
Huabang Technology Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2022 Huabang Technology Holdings Limited provided earnings guidance for the year ended 31 March 2022. For the year, it is expected that the Group will record a net loss of approximately HKD 220 million to HKD 240 million for the year ended 31 March 2022 as compared to the net loss of approximately HKD 93 million for the year ended 31 March 2021. The Board considers that the deterioration in the performance of the Group for the year ended 31March 2022 when compared to that for the last year is mainly attributable to: (i) drop in revenue and gross profit by approximately 16% and 39% respectively due to the continuing adverse impact on economy caused by the outbreak of COVID-19 epidemic; (ii) increase in provision for impairmentloss of intangible assets by approximately HKD 49 million; and (iii) increase in provision for expected credit loss allowance on the Group's account receivables and loan receivables by approximately HKD 139 million to HKD 149 million for the year ended 31 March 2022. Announcement • Apr 03
Huabang Technology Holdings Limited Announces Appointment of Qu Hongqing as Executive Director Huabang Technology Holdings Limited announced that Mr. Qu Hongqing has been appointed as an executive Director of the Company with effect from 1 April 2022. Mr. Qu Hongqing, aged 52, has over 15 years of experience in the computer and peripheral products industry. Mr. Qu is the supervisor and deputy general manager of Bodatong Technology (Shenzhen)Company Limited ("Bodatong") and a legal representative, an executive director and the general manager of Hangzhou Jing Xin Xin Xi Technology Company Limited ("Hangzhou Jing Xin"), both are wholly-owned subsidiaries of the Group. Mr. Qu joined Bodatong and Hangzhou Jing Xin in July 2007 and March 2018 respectively. Board Change • Mar 29
High number of new directors Executive Vice Chairman & Deputy GM Qiaosong Liu was the last director to join the board, commencing their role in 2022. Announcement • Feb 12
Huabang Technology Holdings Limited Appoints Liu Qiaosong as an Executive Director and Vice Chairman The Board of Huabang Technology Holdings Limited announced that Mr. Liu Qiaosong has been appointed as an executive Director and vice chairman of the company with effect from 11 February 2022. Mr. Liu has been the deputy general manager of the company and the general manager of Huabang Securities Limited, a subsidiary of the Company since December 2019, and the director of Huabang Asset Management Limited since August 2020. Board Change • Jan 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. 2 highly experienced directors. Independent Non-Executive Director Huaqiang Li was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
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. 2 highly experienced directors. Independent Non-Executive Director Huaqiang Li was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 06
Executive Director Wei Shen has left the company On the 4th of August, Wei Shen's tenure as Executive Director ended after less than a year in the role. As of March 2021, Wei still personally held 145.80m shares (HK$38m worth at the time). Wei is the only executive to leave the company over the last 12 months. Reported Earnings • Jul 28
Full year 2021 earnings released: HK$0.021 loss per share (vs HK$0.001 profit in FY 2020) The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2021 results: Revenue: HK$2.02b (up 117% from FY 2020). Net loss: HK$93.1m (down HK$98.7m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS HK$0.021 (vs HK$0.001 in FY 2020) The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2021 results: Revenue: HK$2.02b (up 117% from FY 2020). Net loss: HK$93.1m (down HK$98.7m from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • May 29
Huabang Financial Holdings Limited Provides Earnings Guidance for the Year Ended March 31, 2021 Huabang Financial Holdings Limited provided earnings guidance for the year ended March 31, 2021. For the year, it is expected that the Group will record a net loss of approximately HKD 90 million to HKD 95 million for the year ended March 31, 2021 as compared to the net profit position for the year ended March 31, 2020. For the year ended March 31, 2021, it is expected that the total revenue of the Group will be significantly increased by approximately 117% when compared to that for the last year. Announcement • Jan 16
Huabang Financial Holdings Limited Appoints Shen Wei as Executive Director Huabang Financial Holdings Limited announced that Ms. Shen Wei has been appointed as an executive Director of the company with effect from 15 January 2021. Ms. Shen, aged 56, is a founder of Group and is the spouse of Mr. George Lu who is the Executive Director, Chief Executive Officer and Chairman of the Company. Ms. Shen had been a Director of the Company since January 2011 and was re-designated as an Executive Director from June 2012 to January 2017. Announcement • Nov 04
Huabang Financial Holdings Limited to Report First Half, 2021 Results on Nov 20, 2020 Huabang Financial Holdings Limited announced that they will report first half, 2021 results on Nov 20, 2020 Is New 90 Day High Low • Sep 30
New 90-day high: HK$0.33 The company is up 33% from its price of HK$0.24 on 02 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period.