Announcement • Jun 19
Min Fu International Holding Limited to Report Fiscal Year 2026 Results on Jun 30, 2026 Min Fu International Holding Limited announced that they will report fiscal year 2026 results at 12:30 PM, China Standard Time on Jun 30, 2026 New Risk • May 12
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 Risks Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (HK$29.5m market cap, or US$3.77m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Announcement • Mar 24
Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.42012 million. Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.42012 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,182,000
Price\Range: HKD 0.66
Transaction Features: Subsequent Direct Listing New Risk • Feb 13
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 9.9% 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$10m free cash flow). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (HK$20.7m market cap, or US$2.65m). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Reported Earnings • Nov 28
First half 2026 earnings released: EPS: HK$0.019 (vs HK$0.53 loss in 1H 2025) First half 2026 results: EPS: HK$0.019 (up from HK$0.53 loss in 1H 2025). Revenue: HK$18.3m (up 33% from 1H 2025). Net income: HK$491.0k (up HK$10.3m from 1H 2025). Profit margin: 2.7% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Min Fu International Holding Limited to Report First Half, 2026 Results on Nov 26, 2025 Min Fu International Holding Limited announced that they will report first half, 2026 results on Nov 26, 2025 Announcement • Sep 16
Min Fu International Holding Limited (SEHK:8511) entered into a non-binding Memorandum of Understanding to acquire Production Facilities of Dong’an Xiaqi Agricultural Science and Technology Development Co., Ltd. Min Fu International Holding Limited (SEHK:8511) entered into a non-binding Memorandum of Understanding to acquire Production Facilities of Dong’an Xiaqi Agricultural Science and Technology Development Co., Ltd. on September 15, 2025.
The transaction is subject to due diligence and the signing of a formal agreement within 60 days. As part of the overall transaction, Min Fu also intends to lease an agricultural food production factory from Hunan Shuosheng Biotechnology Co., Ltd. The financial terms of the acquisition were not disclosed. Reported Earnings • Aug 01
Full year 2025 earnings released: HK$1.29 loss per share (vs HK$1.25 loss in FY 2024) Full year 2025 results: HK$1.29 loss per share (further deteriorated from HK$1.25 loss in FY 2024). Revenue: HK$27.8m (down 65% from FY 2024). Net loss: HK$27.3m (loss widened 36% from FY 2024). Announcement • Jul 30
Min Fu International Holding Limited, Annual General Meeting, Aug 29, 2025 Min Fu International Holding Limited, Annual General Meeting, Aug 29, 2025, at 11:00 China Standard Time. Location: 2/f, j plus, 35-45b bonham strand, sheung wan., Hong Kong New Risk • Jun 27
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: HK$28m (US$3.5m) 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$32.1m market cap, or US$4.09m). Minor Risk Revenue is less than US$5m (HK$28m revenue, or US$3.5m). Reported Earnings • Jun 27
Full year 2025 earnings released: HK$1.29 loss per share (vs HK$1.25 loss in FY 2024) Full year 2025 results: HK$1.29 loss per share (further deteriorated from HK$1.25 loss in FY 2024). Revenue: HK$27.8m (down 65% from FY 2024). Net loss: HK$27.3m (loss widened 36% from FY 2024). Buy Or Sell Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to HK$1.00. The fair value is estimated to be HK$1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has declined by 23%. Announcement • Jun 17
Min Fu International Holding Limited to Report Fiscal Year 2025 Results on Jun 26, 2025 Min Fu International Holding Limited announced that they will report fiscal year 2025 results on Jun 26, 2025 Buy Or Sell Opportunity • May 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to HK$1.01. The fair value is estimated to be HK$1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to HK$0.98. The fair value is estimated to be HK$1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has declined by 23%. Announcement • Feb 21
Min Fu International Holding Limited Announces Appointment of Non-Executive Directors The board of directors of Min Fu International Holding Limited announced that with effect from 21 February 2025, each of Ms. Li Chunling (‘ Ms. Li ‘) and Ms. Zhu Minchun (‘ Ms. Zhu’) has been appointed as a non-executive Director. Ms. Li, aged 26, graduated from Shenzhen University in 2020 with a Bachelor's Degree in Finance and Management. Since February 2020, she has been serving in the Finance and Human Resources Department of Shenzhen Deyuan Investment Co. Ltd. In her role, she has taken on comprehensive responsibilities, including accounting and bookkeeping, budget planning and management, tax compliance and reporting, recruitment and talent acquisition, employee training and development, as well as performance management. Through her diverse role, Ms. Li has contributed significantly to the company's financial stability, operational efficiency, and workforce development. Ms. Zhu, aged 26, obtained a Bachelor's Degree majoring in Communication Studies from the University of California, San Diego in 2020. From June 2020 to September 2020, she worked as a Content Editor at Shenzhen Yue Dong Smart Network Technology Co. Ltd. She later joined Shenzhen Fulida Asset Management Co. Ltd. as the Marketing Director from January 2021 to May 2024. During her tenure, she oversaw market sales and the promotion of Kweichow Moutai liquor, contributing to the company's stable growth in both scale and market share. Since June 2024, she has been working at Shenzhen Rong Tai Enterprise Consulting Co. Ltd. as the Deputy General Manager. In this role, she is responsible for the company's financial planning and budget execution, reviewing business-related reports, and assisting the team in management decision- making. New Risk • Feb 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% 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 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$38.4m market cap, or US$4.93m). New Risk • Jan 09
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). Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (HK$24.8m market cap, or US$3.19m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Dec 13
Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.6703 million. Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.6703 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,318,000
Price\Range: HKD 0.85
Discount Per Security: HKD 0.017
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 28
First half 2025 earnings released: HK$0.53 loss per share (vs HK$0.55 loss in 1H 2024) First half 2025 results: HK$0.53 loss per share. Revenue: HK$13.8m (up 11% from 1H 2024). Net loss: HK$9.81m (loss widened 27% from 1H 2024). Announcement • Nov 09
Min Fu International Holding Limited to Report First Half, 2025 Results on Nov 22, 2024 Min Fu International Holding Limited announced that they will report first half, 2025 results on Nov 22, 2024 Announcement • Oct 10
Min Fu International Holding Limited Announces Resignation of Directors The board of directors of Min Fu International Holding Limited announced that Mr. Huang Minzhi has resigned as an executive Director with effect from 9 October 2024 due to his other work arrangements; and Mr. Zhou Ruizhao has resigned as a non-executive Director with effect from 9 October 2024 due to his other work arrangements. Each of Mr. Huang and Mr. Zhou has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange of Hong Kong Limited and the shareholders of the Company. New Risk • Aug 30
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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 70% per year over the past 5 years. Market cap is less than US$10m (HK$11.2m market cap, or US$1.44m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Aug 23
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 13% 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 (13% average weekly change). Earnings have declined by 70% per year over the past 5 years. Market cap is less than US$10m (HK$15.8m market cap, or US$2.03m). Announcement • Aug 19
Min Fu International Holding Limited, Annual General Meeting, Sep 30, 2024 Min Fu International Holding Limited, Annual General Meeting, Sep 30, 2024, at 10:30 China Standard Time. Announcement • Aug 15
Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.455487 million. Min Fu International Holding Limited has filed a Follow-on Equity Offering in the amount of HKD 3.455487 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 143,978,636
Price\Range: HKD 0.024
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 31
Full year 2024 earnings released: HK$0.031 loss per share (vs HK$0.067 loss in FY 2023) Full year 2024 results: HK$0.031 loss per share (improved from HK$0.067 loss in FY 2023). Revenue: HK$80.5m (up 152% from FY 2023). Net loss: HK$20.1m (loss narrowed 29% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year whereas the company’s share price has fallen by 50% per year. Reported Earnings • Jun 28
Full year 2024 earnings released: HK$0.03 loss per share (vs HK$0.067 loss in FY 2023) Full year 2024 results: HK$0.03 loss per share (improved from HK$0.067 loss in FY 2023). Revenue: HK$80.5m (up 152% from FY 2023). Net loss: HK$20.1m (loss narrowed 29% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Announcement • Jun 15
Min Fu International Holding Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Min Fu International Holding Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 New Risk • Jun 14
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. 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$17m free cash flow). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (HK$23.0m market cap, or US$2.95m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). 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 Less than 1 year of cash runway based on free cash flow trend (-HK$17m free cash flow). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (HK$22.3m market cap, or US$2.85m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Announcement • May 03
Min Fu International Holding Limited Appoints Chen Meng as Independent Non-Executive Director and a Member of Each of the Audit Committee, Remuneration Committee and Nomination Committee The board of directors of Min Fu International Holding Limited announced that, with effect from 2 May 2024, Ms. Chen Meng ("Ms. Chen") has been appointed as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Chen, aged 31, graduated from Changchun Normal University with a bachelor's degree in Chinese language and literature. Ms. Chen assumed the position of driving control section officer in public security bureau of Hunchun city from April 2016 to December 2018. She also worked at the office of the People's Procuratorate of Hunchunlin District, Jilin Province of the People's Republic of China (the "PRC") from January 2019 to December 2022. She was responsible for the collection of confidential documents and the publicity work of the procuratorate. New Risk • Feb 07
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 14% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$17m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (HK$20.9m market cap, or US$2.67m). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Announcement • Feb 02
Min Fu International Holding Limited Announces Resignation of Du Li as an Independent Non-Executive Director The board of directors of Min Fu International Holding Limited announced that with effect from 2 February 2024, Ms. Du Li (Ms. Du) has resigned as an independent non-executive Director and a member of each of the audit committee (the audit committee), remuneration committee (the remuneration committee) and nomination committee (the nomination committee) of the board in order to devote more time to pursue her personal business. Reported Earnings • Nov 12
Second quarter 2024 earnings released: HK$0.002 loss per share (vs HK$0.015 loss in 2Q 2023) Second quarter 2024 results: HK$0.002 loss per share (improved from HK$0.015 loss in 2Q 2023). Revenue: HK$11.7m (up 133% from 2Q 2023). Net loss: HK$1.29m (loss narrowed 78% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Min Fu International Holding Limited to Report Q2, 2024 Results on Nov 10, 2023 Min Fu International Holding Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Aug 18
Min Fu International Holding Limited, Annual General Meeting, Sep 22, 2023 Min Fu International Holding Limited, Annual General Meeting, Sep 22, 2023, at 11:30 China Standard Time. Location: at 2/F, J Plus, 35-45B Bonham Strand Sheung Wan Hong Kong Agenda: To receive, consider and approve the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors ("Director(s)") and the auditors of the Company for the year ended 31 March 2023; to consider and re-elect Mr. Huang Minzhi as an executive Director of the Company; to consider and re-elect Mr. Zhou Ruizhao, Zhang Xiaoling and Li Xiaoxuan as a non-executive Director of the Company; to consider and re-elect Dr. Zhou Wenming, Mr. Lu Shengwei and Ms. Du Li as an independent non-executive Director of the Company; to consider and authorise the board of directors (the "Board") of the Company to fix the remuneration of the Directors; to consider and re-appoint McMillan Woods (Hong Kong) CPA Limited as the Company 's auditor and to authorise the Board to fix their remuneration; and to consider other matter also. Reported Earnings • Aug 13
First quarter 2024 earnings released: HK$0.013 loss per share (vs HK$0.012 loss in 1Q 2023) First quarter 2024 results: HK$0.013 loss per share (further deteriorated from HK$0.012 loss in 1Q 2023). Revenue: HK$651.0k (down 91% from 1Q 2023). Net loss: HK$6.44m (loss widened 30% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. New Risk • Aug 04
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 Less than 1 year of cash runway based on free cash flow trend (-HK$9.7m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Market cap is less than US$100m (HK$84.2m market cap, or US$10.8m). Announcement • Aug 01
Min Fu International Holding Limited to Report Q1, 2024 Results on Aug 11, 2023 Min Fu International Holding Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jul 23
Min Fu International Holding Limited Appoints Lu Shengwei as Independent Non-Executive Director and the Chairman of the Audit Committee The board of directors of Min Fu International Holding Limited announced that, with effect from 20 July 2023, Mr. Lu Shengwei (Mr. Lu) has been appointed as an independent non-executive Director and the chairman of the audit committee of the Company (the Audit Committee). Mr. Lu, aged 33, graduated from Jiangxi University of Finance and Economics with a bachelor's degree in accountancy and law in 2012 and has extensive experience in finance and taxation. Mr. Lu assumed various positions in different enterprises in the People's Republic of China (the "PRC") including as a tax manager in China Construction Second Bureau Second Construction Engineering Co. Ltd. from 2012 to 2017, as a finance and taxation expert and trainer in Yiqiying Network Technology Co. Ltd. from 2017 to 2020, and as a financial manager in Wangqibang Technology Group Co. Ltd. from 2021 to 2022. Since July 2022, he has been a partner of Nanqiao Xi Tax Accountant Firm (Shenzhen) Co. Ltd. and is responsible for advising on finance and compliance matters, as well as conducting lectures on tax laws and regulations in the PRC. Mr. Lu passed all the required subjects of the professional stage of the National Uniform CPA Examination of the PRC in 2020. He also obtained the qualification certificate of tax advisor issued by China Certified Tax Agents Association in 2018 and the qualification certificate of public valuer issued by China Appraisal Society in 2021. Reported Earnings • Jun 28
Full year 2023 earnings released: HK$0.07 loss per share (vs HK$0.023 loss in FY 2022) Full year 2023 results: HK$0.07 loss per share (further deteriorated from HK$0.023 loss in FY 2022). Revenue: HK$32.0m (up 1.5% from FY 2022). Net loss: HK$28.3m (loss widened 206% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Jun 14
Min Fu International Holding Limited to Report Fiscal Year 2023 Results on Jun 27, 2023 Min Fu International Holding Limited announced that they will report fiscal year 2023 results on Jun 27, 2023 Buying Opportunity • Jun 07
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 22%. 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 declined by 18% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • May 10
Now 20% undervalued Over the last 90 days, the stock is up 59%. 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 declined by 18% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 27
Now 23% undervalued Over the last 90 days, the stock is up 40%. The fair value is estimated to be HK$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 14
Third quarter 2023 earnings released: HK$0.012 loss per share (vs HK$0.007 loss in 3Q 2022) Third quarter 2023 results: HK$0.012 loss per share (further deteriorated from HK$0.007 loss in 3Q 2022). Revenue: HK$13.2m (up 19% from 3Q 2022). Net loss: HK$4.05m (loss widened 42% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Announcement • Feb 09
Min Fu International Holding Limited Announces Board Appointments The board of directors of Min Fu International Holding Limited announced that with effect from 8 February 2023, each of Ms. Li Xiaoxuan and Ms. Zhang Xiaoling has been appointed as a non-executive Director. Ms. Li Xiaoxuan, aged 38, has over six years of experience in administrative management. She is currently the administrative director of Shenzhen Zongheng International Travel Service Co. Ltd., responsible for supervision and management of the daily work of the company's administrative personnel; implementation of various regulations and work instructions; and arrangement of the work assigned. She obtained a bachelor's degree in business management from Shenzhen University in Guangdong, the People's Republic of China in 2008. Ms. Zhang, aged 32, who is currently the legal representative and general manager of Zhangjiagang Fenghuangshan Pagoda Garden Co. Ltd., is responsible for the planning, design and management of ecological cemetery cultural theme park; the research and development and design of digital management systems; and funeral services. She obtained a bachelor's degree in agricultural and forestry economic management from Renmin University of China in 2013 and a bachelor's degree in software engineering from Peking University in 2018. Recent Insider Transactions • Feb 03
Insider recently sold HK$2.1m worth of stock On the 30th of January, Chun Kit Ho sold around 40m shares on-market at roughly HK$0.053 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$23m more than they bought in the last 12 months. Announcement • Feb 02
Min Fu International Holding Limited to Report Q3, 2023 Results on Feb 13, 2023 Min Fu International Holding Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Dec 21
Min Fu International Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 5.52 million. Min Fu International Holding Limited has completed a Follow-on Equity Offering in the amount of HKD 5.52 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.069
Discount Per Security: HKD 0.00276
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Dec 04
Insider recently sold HK$367k worth of stock On the 30th of November, Minzhi Huang sold around 5m shares on-market at roughly HK$0.076 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$833k. Insiders have been net sellers, collectively disposing of HK$21m more than they bought in the last 12 months. Recent Insider Transactions • Nov 24
Insider recently sold HK$301k worth of stock On the 21st of November, Minzhi Huang sold around 4m shares on-market at roughly HK$0.078 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$833k. Insiders have been net sellers, collectively disposing of HK$20m more than they bought in the last 12 months. Reported Earnings • Nov 16
Second quarter 2023 earnings released: HK$0.015 loss per share (vs HK$0.005 loss in 2Q 2022) Second quarter 2023 results: HK$0.015 loss per share (further deteriorated from HK$0.005 loss in 2Q 2022). Revenue: HK$5.04m (up 15% from 2Q 2022). Net loss: HK$5.85m (loss widened 185% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO, Compliance Officer & Executive Chairman Weijin Zeng is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 05
Min Fu International Holding Limited Announces Board Changes Min Fu International Holding Limited announces that, with effect from 4 November 2022, Mr. Huang Minzhi has resigned as an executive Director, the chairman of the Board; the compliance officer (the "Compliance Officer") of the Company under Rule 5.19 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong Limited; the authorised representative of the Company under Rule 5.24 of the GEM Listing Rules; and the chairman of nomination committee, in order to devote more time to his personal business developments. The Board announced that with effect from 4 November 2022, Ms. Ye Jialing ("Ms. Ye") has been re-designated from a non-executive Director to an executive Director. Set out below are the biographical details of Ms. Ye: Ms. Ye, aged 36, has over six years of experience in cemetery investment and management, funeral services and property investment. She joined the Company as non-executive Director on 7 January 2022 and is currently the chief operating officer of Shenzhen Min Fu Cultural Development Co. Ltd. where she is responsible for the design and management of humanities memorial park, research and development of digital management system and funeral services. She is also currently the investment consultant of Shenzhen Qianhai Min Fu Asset Management Co. Ltd. where she is responsible for property investment and cemetery investment. She graduated from Guangdong Academy of Literature and Art Guangdong, the People's Republic of China in 2008. The Board announced that with effect from 4 November 2022, Mr. Zeng Weijin, an executive Director and the chief executive officer of the Company, has been appointed as (i) the Chairman; (ii) the Authorised Representative; (iii) the chairman of Nomination Committee; and (iv) the Compliance Officer. Announcement • Nov 02
Min Fu International Holding Limited to Report First Half, 2023 Results on Nov 11, 2022 Min Fu International Holding Limited announced that they will report first half, 2023 results on Nov 11, 2022 Reported Earnings • Aug 16
First quarter 2023 earnings released: HK$0.012 loss per share (vs HK$0.005 loss in 1Q 2022) First quarter 2023 results: HK$0.012 loss per share (down from HK$0.005 loss in 1Q 2022). Revenue: HK$7.01m (up 6.3% from 1Q 2022). Net loss: HK$4.94m (loss widened 136% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 162 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Min Fu International Holding Limited to Report Q1, 2023 Results on Aug 12, 2022 Min Fu International Holding Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 28
Full year 2022 earnings released: HK$0.02 loss per share (vs HK$0.008 loss in FY 2021) Full year 2022 results: HK$0.02 loss per share (down from HK$0.008 loss in FY 2021). Revenue: HK$31.5m (down 21% from FY 2021). Net loss: HK$9.25m (loss widened 177% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance. Announcement • Jun 14
Min Fu International Holding Limited to Report Q4, 2022 Results on Jun 27, 2022 Min Fu International Holding Limited announced that they will report Q4, 2022 results on Jun 27, 2022 Recent Insider Transactions • May 21
Insider recently sold HK$2.1m worth of stock On the 17th of May, Zhilong Zhang sold around 3m shares on-market at roughly HK$0.83 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$15m more than they bought in the last 12 months. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Weijin Zeng is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Jie Ning was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Apr 02
Insider recently sold HK$2.0m worth of stock On the 25th of March, Di Wu sold around 7m shares on-market at roughly HK$0.28 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$5.4m more than they bought in the last 12 months. Recent Insider Transactions • Feb 24
Insider recently sold HK$368k worth of stock On the 23rd of February, Zhilong Zhang sold around 856k shares on-market at roughly HK$0.43 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions • Feb 24
Insider recently sold HK$368k worth of stock On the 23rd of February, Zhilong Zhang sold around 856k shares on-market at roughly HK$0.43 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: HK$0.007 loss per share (up from HK$0.012 loss in 3Q 2021). Revenue: HK$11.2m (up 25% from 3Q 2021). Net loss: HK$2.85m (loss narrowed 40% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 28
Second quarter 2022 earnings released: HK$0.005 loss per share (vs HK$0.006 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: HK$4.38m (down 7.0% from 2Q 2021). Net loss: HK$2.05m (loss narrowed 10% from 2Q 2021). 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 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
First quarter 2022 earnings released: HK$0.005 loss per share (vs HK$0.005 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: HK$6.60m (up 161% from 1Q 2021). Net loss: HK$2.10m (loss widened 4.2% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jan 14
Zhicheng Technology Group Ltd. to Report Nine Months, 2021 Results on Jan 25, 2021 Zhicheng Technology Group Ltd. announced that they will report nine months, 2021 results on Jan 25, 2021 Reported Earnings • Nov 12
Second quarter 2021 earnings released: HK$0.006 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: HK$4.71m (down 45% from 2Q 2020). Net loss: HK$2.28m (loss widened 5.4% from 2Q 2020). Announcement • Oct 29
Zhicheng Technology Group Ltd. to Report Q2, 2021 Results on Nov 09, 2020 Zhicheng Technology Group Ltd. announced that they will report Q2, 2021 results on Nov 09, 2020 Announcement • Jul 18
Zhicheng Technology Group Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Zhicheng Technology Group Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020 
