Announcement • May 15
Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Jun 30, 2026 Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Jun 30, 2026, at 09:00 China Standard Time. Location: no. 7 dianzi street, demonstration zone, shanxi, China Reported Earnings • Apr 04
Full year 2025 earnings released Full year 2025 results: Revenue: CN¥18.5m (up 7.8% from FY 2024). Net loss: CN¥24.9m (loss narrowed 26% from FY 2024). Buy Or Sell Opportunity • Mar 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 66% to HK$0.20. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Negative equity (-CN¥146m). Market cap is less than US$10m (HK$54.7m market cap, or US$6.98m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (CN¥17m revenue, or US$2.4m). Buy Or Sell Opportunity • Feb 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to HK$0.12. The fair value is estimated to be HK$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Buy Or Sell Opportunity • Dec 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to HK$0.12. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Board Change • Oct 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. 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 • Sep 04
First half 2025 earnings released: CN¥0.013 loss per share (vs CN¥0.013 loss in 1H 2024) First half 2025 results: CN¥0.013 loss per share (in line with 1H 2024). Revenue: CN¥8.66m (down 4.2% from 1H 2024). Net loss: CN¥4.11m (loss widened 5.2% from 1H 2024). Announcement • Aug 15
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Buy Or Sell Opportunity • Jul 21
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to HK$0.09. The fair value is estimated to be HK$0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Jun 26
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to HK$0.084. The fair value is estimated to be HK$0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Board Change • Jun 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 16
Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Jun 30, 2025 Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Jun 30, 2025, at 09:00 China Standard Time. Location: no. 7 dianzi street, demonstration zone, shanxi, China Reported Earnings • Apr 16
Full year 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.034 loss in FY 2023) Full year 2024 results: CN¥0.11 loss per share (further deteriorated from CN¥0.034 loss in FY 2023). Revenue: CN¥17.1m (down 36% from FY 2023). Net loss: CN¥33.5m (loss widened 223% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Board Change • Apr 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 14
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Fiscal Year 2024 Results on Mar 30, 2025 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 30, 2025 Board Change • Mar 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Negative equity (-CN¥112m). Market cap is less than US$10m (HK$30.9m market cap, or US$3.97m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CN¥483k). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (CN¥14m revenue, or US$1.9m). Announcement • Feb 14
Shanxi Changcheng Microlight Equipment Co. Ltd. Announces Resignation of Fong Yip Ha Angela as Company Secretary and Authorised Representative Shanxi Changcheng Microlight Equipment Co. Ltd. announced that Ms. Fong Yip Ha Angela ("Ms. Fong") has resigned as the company secretary and authorised representative of the Company with effect from 14 February 2025 in order to devote more time to pursue her other business and personal engagements. Board Change • Feb 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 14
Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Nov 29, 2024 Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Nov 29, 2024, at 09:00 China Standard Time. Location: no. 7 dianzi street, demonstration zone, shanxi, China New Risk • Oct 03
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 15% 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 (15% average weekly change). Negative equity (-CN¥112m). Market cap is less than US$10m (HK$21.6m market cap, or US$2.78m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CN¥483k). Revenue is less than US$5m (CN¥14m revenue, or US$2.0m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.012 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.012 in 2Q 2023). Revenue: CN¥5.94m (down 50% from 2Q 2023). Net income: CN¥93.0k (down 97% from 2Q 2023). Profit margin: 1.6% (down from 30% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report First Half, 2024 Results on Aug 14, 2024 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 New Risk • Jun 06
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CN¥20m (US$2.7m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥1.8m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-CN¥108m). Market cap is less than US$10m (HK$22.2m market cap, or US$2.85m). Minor Risk Revenue is less than US$5m (CN¥20m revenue, or US$2.7m). New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CN¥95m). Market cap is less than US$10m (HK$22.2m market cap, or US$2.84m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Announcement • May 05
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Q1, 2024 Results on May 14, 2024 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Board Change • May 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 15
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Nov 17
Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Dec 31, 2023 Shanxi Changcheng Microlight Equipment Co. Ltd., Annual General Meeting, Dec 31, 2023, at 09:00 China Standard Time. Location: No. 7 Dianzi Street,Demonstration Zone Shanxi, the People's Republic of China Shanxi China Agenda: To consider and approve the audited consolidated financial statements and the reports of the directors and the auditor of the Company for the year ended 31 December 2021; and (ii) the audited consolidated financial statements and the reports of the directors and the auditor for the year ended 31 December 2022; to consider and approve the appointment of ZHONGHUI ANDA CPA Limited as the auditor of the Company and authorize the board of directors to fix their remuneration; and to consider other matters. Reported Earnings • Nov 15
Third quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.013 loss in 3Q 2022) Third quarter 2023 results: CN¥0.006 loss per share (improved from CN¥0.013 loss in 3Q 2022). Revenue: CN¥9.39m (up 251% from 3Q 2022). Net loss: CN¥1.98m (loss narrowed 52% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 01
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Board Change • Aug 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Yongfeng Xu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 01
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report First Half, 2023 Results on Aug 14, 2023 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report first half, 2023 results on Aug 14, 2023 Announcement • Oct 18
Shanxi Changcheng Microlight Equipment Co. Ltd. Announces Passing Away of Executive Director The board of directors of Shanxi Changcheng Microlight Equipment Co. Ltd. announces with great sorrow that Mr. Zhao Zhi ("Mr. Zhao"), an executive director of the Company, passed away on 2 October 2022 due to illness. Mr. Zhao, during his term as an executive director of the Company, performed his duties diligently and conscientiously and made valuable contributions to the Company. His passing aways is a loss to the Company and the Board would like to express its heartfelt condolences to Mr. Zhao's family. There is no other change to the composition of the Board of the Company. The Board confirms that following the passing away of Mr. Zhao, the composition of the Board and all the Board committees comply with the requirements of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited. Announcement • Jul 30
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report First Half, 2022 Results on Aug 12, 2022 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report first half, 2022 results on Aug 12, 2022 Announcement • May 29
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Fiscal Year 2021 Results on Jun 10, 2022 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report fiscal year 2021 results on Jun 10, 2022 Announcement • Apr 07
Shanxi Changcheng Microlight Equipment Co. Ltd. Announces Production and Business Activities of the Company to be Temporarily Suspended Shanxi Changcheng Microlight Equipment Co. Ltd. is subject to the COVID-19 lockdown and control measures as follows: From 3 to 6 April 2022, 12 confirmed cases of COVID-19 were newly added in Taiyuan City, Shanxi Province. Xiaodian District, Taiyuan City, where the Company is located, is among the primary centers of the epidemic outbreak. In light of the prevailing situation of epidemic prevention and control in Taiyuan City, Shanxi Province, the Taiyuan Leading Group for Epidemic Prevention and Control has decided to implement strict prevention and control measures for the entire Xiaodian District (epidemic prevention area) since 6 April. Temporary traffic control has been implemented for the access to Xiaodian District of Taiyuan City (the time and date of lifting such control is subject to further announcement). During such period, all production and business activities of the Company will be temporarily suspended. This is a temporary situation, which has no material impact on the financial condition and operations of the Company. The Company will make further announcements in case of any further update. Reported Earnings • Mar 30
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥18.4m (up 129% from FY 2020). Net loss: CN¥16.5m (loss narrowed 41% from FY 2020). Reported Earnings • Nov 15
Third quarter 2021 earnings released: CN¥0.015 loss per share (vs CN¥0.028 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CN¥8.25m (down 221% from 3Q 2020). Net loss: CN¥4.62m (loss narrowed 46% from 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: CN¥3.17m (down 187% from 2Q 2020). Net loss: CN¥5.03m (loss narrowed 33% from 2Q 2020). Executive Departure • May 18
Company Secretary has left the company On the 6th of May, Lei Han's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Lei's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 17
First quarter 2021 earnings released First quarter 2021 results: Net loss: CN¥4.82m (loss widened 32% from 1Q 2020). Announcement • Mar 16
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Announcement • Nov 17
Shanxi Changcheng Microlight Equipment Co. Ltd. Announces Resignation of Mr. Yuan Shao Pu as Supervisor Shanxi Changcheng Microlight Equipment Co. Ltd. has received a written resignation from Mr. Yuan Shao Pu recently. Mr. Yuan Shao Pu resigned as a supervisor of the fourth session of the supervisory committee of the Company due to personal reasons. Announcement • Oct 28
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report Nine Months, 2020 Results on Nov 13, 2020 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report nine months, 2020 results on Nov 13, 2020 Announcement • Aug 01
Shanxi Changcheng Microlight Equipment Co. Ltd. to Report First Half, 2020 Results on Aug 14, 2020 Shanxi Changcheng Microlight Equipment Co. Ltd. announced that they will report first half, 2020 results on Aug 14, 2020