Announcement • Dec 03
Neo Telemedia Limited Announces Board and Committee Resignation Neo Telemedia Limited announced that (i) Mr. Zhang Zihua has tendered his resignation as an independent non-executive Director, the chairman of the audit committee of the Company the remuneration committee of the Company and the nomination committee of the Company with effect from 30 November 2024 as he would like to devote more time to his other personal commitments; (ii) Mr. Huang Zhixiong has tendered his resignation as an independent non-executive Director and a member of Audit Committee with effect from 30 November 2024 due to his retirement planning. Announcement • Sep 28
Neo Telemedia Limited to Report Fiscal Year 2023 Results on Nov 30, 2024 Neo Telemedia Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on Nov 30, 2024 Announcement • Feb 29
Neo Telemedia Limited Announces Change of Company Secretary and Authorized Representative The board of directors of Neo Telemedia Limited announced that with effect from 29 February 2024: Mr. YUEN Poi Lam William (Mr. Yuen) has resigned as company secretary of the Company and has ceased to act as an authorized representative of the Company (Authorized Representative) under Rule 5.24 of the Rules (the GEM Listing Rules) Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited, and an authorized representative of the Company (Process Agent) for the acceptance of service of process in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong); and Mr. MAN Yun Wah (Mr. Man) has been appointed as company secretary of the Company, an Authorized Representative and a Process Agent. Mr. Man obtained a bachelor 's degree in business administration and management from The University of Huddersfield and a master's degree in corporate governance from Hong Kong Metropolitan University. He is currently an associate member of both The Chartered Governance Institute and The Hong Kong Chartered Governance Institute. Mr. Man has extensive working experience in the company secretarial profession. Announcement • Dec 29
Neo Telemedia Limited Announces Resignation of TAO Wei as Executive Director The board of directors of Neo Telemedia Limited announced that Mr. TAO Wei ("Mr. Tao") tendered his resignation as an executive Director with effect from 29 December 2023 as he would like to devote more time on his own business. New Risk • Nov 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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$234m free cash flow). Earnings have declined by 8.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$238.1m market cap, or US$30.5m). Announcement • Nov 02
Neo Telemedia Limited Announces Resignation of WU Di as Executive Director The board of directors of Neo Telemedia Limited announced that Mr. WU Di (‘ Mr. Wu ‘) tendered his resignation as an executive Director with effect from 31 October 2023 as he would like to devote more time on his own business. Mr. Wu has confirmed that he has no disagreement with the Board and that there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’). Announcement • Nov 01
Neo Telemedia Limited to Report Q3, 2023 Results on Nov 10, 2023 Neo Telemedia Limited announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: HK$0.007 loss per share (vs HK$0.008 profit in 2Q 2022) Second quarter 2023 results: HK$0.007 loss per share (down from HK$0.008 profit in 2Q 2022). Revenue: HK$113.2m (down 13% from 2Q 2022). Net loss: HK$67.3m (down 192% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Neo Telemedia Limited to Report First Half, 2023 Results on Aug 10, 2023 Neo Telemedia Limited announced that they will report first half, 2023 results on Aug 10, 2023 Recent Insider Transactions • May 30
Executive Chairman recently bought HK$69k worth of stock On the 25th of May, Haiquan Lie bought around 956k shares on-market at roughly HK$0.072 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. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$1.3m worth in shares. Reported Earnings • May 13
First quarter 2023 earnings released: HK$0.006 loss per share (vs HK$0.003 loss in 1Q 2022) First quarter 2023 results: HK$0.006 loss per share (further deteriorated from HK$0.003 loss in 1Q 2022). Revenue: HK$121.2m (down 6.7% from 1Q 2022). Net loss: HK$56.4m (loss widened 70% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2022 earnings released: HK$0.006 loss per share (vs HK$0.007 loss in FY 2021) Full year 2022 results: HK$0.006 loss per share (improved from HK$0.007 loss in FY 2021). Revenue: HK$532.4m (down 14% from FY 2021). Net loss: HK$55.7m (loss narrowed 11% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 17% 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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Zihua Zhang 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. Reported Earnings • Nov 13
Third quarter 2022 earnings released: HK$0.002 loss per share (vs HK$0.003 loss in 3Q 2021) Third quarter 2022 results: HK$0.002 loss per share (improved from HK$0.003 loss in 3Q 2021). Revenue: HK$132.0m (down 30% from 3Q 2021). Net loss: HK$16.9m (loss narrowed 41% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Neo Telemedia Limited to Report Nine Months, 2022 Results on Nov 10, 2022 Neo Telemedia Limited announced that they will report nine months, 2022 results on Nov 10, 2022 Recent Insider Transactions • Sep 21
Executive Chairman recently bought HK$51k worth of stock On the 19th of September, Haiquan Lie bought around 500k shares on-market at roughly HK$0.10 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$161k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.2m worth in shares. Recent Insider Transactions • Aug 31
Executive Chairman recently bought HK$161k worth of stock On the 29th of August, Haiquan Lie bought around 2m shares on-market at roughly HK$0.098 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. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.0m worth in shares. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: HK$0.008 (vs HK$0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: HK$0.008 (up from HK$0.001 loss in 2Q 2021). Revenue: HK$130.4m (down 15% from 2Q 2021). Net income: HK$73.1m (up HK$84.1m from 2Q 2021). Profit margin: 56% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Neo Telemedia Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022 Neo Telemedia Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected to record a profit attributable to the owners of the Company for the Period of not less than HKD 35 million as compared to a loss attributable to the owners of the Company for the corresponding period in 2021 of approximately HKD 25.2 million, mainly due to the net effect of, among others, the following factors: 1) the gain of approximately HKD 207 million on the disposal of the entire equity interest in an indirect non-wholly-owned subsidiary of the Company completed during the Period; 2) increase in depreciation of approximately HKD 11.5 million and finance cost of approximately HKD 30.4 million during the Period as a result of certain sale and lease arrangements completed in the fourth quarter of 2021; and 3) increase in cost of services provided to certain customers of the Group of approximately HKD 9.4 million due to the increase in electricity consumption during the Period. Announcement • Jul 28
Neo Telemedia Limited to Report First Half, 2022 Results on Aug 08, 2022 Neo Telemedia Limited announced that they will report first half, 2022 results on Aug 08, 2022 Recent Insider Transactions • Jun 29
Executive Chairman recently bought HK$133k worth of stock On the 24th of June, Haiquan Lie bought around 1m shares on-market at roughly HK$0.13 per share. This was the largest purchase by an insider in the last 3 months. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.1m worth in shares. Announcement • May 28
Neo Telemedia Limited, Annual General Meeting, Jun 28, 2022 Neo Telemedia Limited, Annual General Meeting, Jun 28, 2022, at 10:30 China Standard Time. Location: Room 901B, 9th Floor, Empire Centre, 68 Mody Road, Tsim Sha Tsui Kowloon Hong Kong Agenda: To receive and consider the audited financial statements and the reports of the directors and Auditor of the Company and its subsidiaries for the year ended 31 December 2021; To consider re-election of Directors; to re-appoint Auditor and to authorise the Board to fix its remuneration. Recent Insider Transactions • May 19
Executive Chairman recently bought HK$65k worth of stock On the 16th of May, Haiquan Lie bought around 488k shares on-market at roughly HK$0.13 per share. This was the largest purchase by an insider in the last 3 months. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.7m worth in shares. Reported Earnings • May 14
First quarter 2022 earnings released: HK$0.003 loss per share (vs HK$0.001 loss in 1Q 2021) First quarter 2022 results: HK$0.003 loss per share (down from HK$0.001 loss in 1Q 2021). Revenue: HK$129.9m (up 16% from 1Q 2021). Net loss: HK$33.1m (loss widened 133% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 12
Neo Telemedia Limited Provides Earnings Guidance for the Three Months Ended 31 March 2022 Neo Telemedia Limited provided earnings guidance for the three months ended 31 March 2022. For the period, the group is expected to record a loss attributable to the owners of the Company for the Period of not less than HKD 30 million as compared to a loss attributable to the owners of the Company for the corresponding period in 2021 of approximately HKD 14 million. 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. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Zihua Zhang 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 09
Neo Telemedia Limited to Report Fiscal Year 2021 Final Results on Apr 22, 2022 Neo Telemedia Limited announced that they will report fiscal year 2021 final results on Apr 22, 2022 Reported Earnings • Mar 30
Full year 2021 earnings released: HK$0.007 loss per share (vs HK$0.012 loss in FY 2020) Full year 2021 results: HK$0.007 loss per share (up from HK$0.012 loss in FY 2020). Revenue: HK$615.2m (up 32% from FY 2020). Net loss: HK$62.7m (loss narrowed 43% from FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Recent Insider Transactions • Dec 31
Executive Chairman recently bought HK$51k worth of stock On the 28th of December, Haiquan Lie bought around 292k shares on-market at roughly HK$0.17 per share. In the last 3 months, they made an even bigger purchase worth HK$83k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.3m worth in shares. Recent Insider Transactions • Dec 18
Executive Chairman recently bought HK$64k worth of stock On the 16th of December, Haiquan Lie bought around 420k shares on-market at roughly HK$0.15 per share. In the last 3 months, they made an even bigger purchase worth HK$83k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares. Reported Earnings • Nov 11
Third quarter 2021 earnings released: HK$0.003 loss per share (vs HK$0.002 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: HK$187.9m (up 131% from 3Q 2020). Net loss: HK$28.5m (loss widened 63% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 09
Executive Chairman recently bought HK$83k worth of stock On the 7th of October, Haiquan Lie bought around 556k shares on-market at roughly HK$0.15 per share. In the last 3 months, they made an even bigger purchase worth HK$86k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.3m worth in shares. Recent Insider Transactions • Sep 11
Executive Chairman recently bought HK$56k worth of stock On the 9th of September, Haiquan Lie bought around 340k shares on-market at roughly HK$0.17 per share. In the last 3 months, they made an even bigger purchase worth HK$168k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.1m worth in shares. Recent Insider Transactions • Aug 17
Executive Chairman recently bought HK$73k worth of stock On the 13th of August, Haiquan Lie bought around 408k shares on-market at roughly HK$0.18 per share. In the last 3 months, they made an even bigger purchase worth HK$168k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$4.2m worth in shares. Reported Earnings • Aug 12
Second quarter 2021 earnings released: HK$0.001 loss per share (vs HK$0.002 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: HK$153.3m (up 72% from 2Q 2020). Net loss: HK$11.0m (loss narrowed 42% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 23
Executive Chairman recently bought HK$85k worth of stock On the 17th of June, Haiquan Lie bought around 484k shares on-market at roughly HK$0.18 per share. In the last 3 months, they made an even bigger purchase worth HK$411k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Recent Insider Transactions • Jun 02
Executive Chairman recently bought HK$75k worth of stock On the 31st of May, Haiquan Lie bought around 404k shares on-market at roughly HK$0.19 per share. In the last 3 months, they made an even bigger purchase worth HK$411k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Recent Insider Transactions • May 19
Executive Chairman recently bought HK$96k worth of stock On the 13th of May, Haiquan Lie bought around 528k shares on-market at roughly HK$0.18 per share. In the last 3 months, they made an even bigger purchase worth HK$411k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Reported Earnings • May 12
First quarter 2021 earnings released: HK$0.001 loss per share (vs HK$0.003 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: HK$111.6m (down 45% from 1Q 2020). Net loss: HK$14.2m (loss narrowed 49% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 30
Executive Chairman recently bought HK$411k worth of stock On the 26th of March, Haiquan Lie bought around 2m shares on-market at roughly HK$0.19 per share. This was the largest purchase by an insider in the last 3 months. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares. Reported Earnings • Mar 25
Full year 2020 earnings released: HK$0.012 loss per share (vs HK$0.01 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$464.9m (down 43% from FY 2019). Net loss: HK$110.3m (loss widened 17% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Neo Telemedia Limited to Report Fiscal Year 2020 Results on Mar 24, 2021 Neo Telemedia Limited announced that they will report fiscal year 2020 results on Mar 24, 2021 Recent Insider Transactions • Dec 16
Executive Chairman recently bought HK$201k worth of stock On the 11th of December, Haiquan Lie bought around 920k shares on-market at roughly HK$0.22 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$418k. Haiquan has been a buyer over the last 12 months, purchasing a net total of HK$8.9m worth in shares. Recent Insider Transactions • Nov 26
Insider recently bought HK$418k worth of stock On the 20th of November, Wai Ping Yan bought around 5m shares on-market at roughly HK$0.082 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$8.5m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 24
New 90-day high: HK$0.23 The company is up 147% from its price of HK$0.091 on 26 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: HK$0.002 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: HK$81.5m (down 57% from 3Q 2019). Net loss: HK$17.5m (down 233% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
Neo Telemedia Limited to Report Nine Months, 2020 Results on Nov 11, 2020 Neo Telemedia Limited announced that they will report nine months, 2020 results on Nov 11, 2020