Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Bin Gao was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 20
VSTECS Holdings Limited announces Annual dividend, payable on July 03, 2026 VSTECS Holdings Limited announced Annual dividend of HKD 0.4177 per share payable on July 03, 2026, ex-date on May 28, 2026 and record date on May 29, 2026. Announcement • Mar 19
VSTECS Holdings Limited, Annual General Meeting, May 26, 2026 VSTECS Holdings Limited, Annual General Meeting, May 26, 2026. Announcement • Feb 23
VSTECS Holdings Limited to Report Fiscal Year 2025 Results on Mar 19, 2026 VSTECS Holdings Limited announced that they will report fiscal year 2025 results on Mar 19, 2026 Announcement • Aug 01
VSTECS Holdings Limited to Report Q2, 2025 Results on Aug 21, 2025 VSTECS Holdings Limited announced that they will report Q2, 2025 results on Aug 21, 2025 Announcement • May 22
VSTECS Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 VSTECS Holdings Limited announced that at its AGM held on 22 May 2025, the shareholders approved final dividend of 25.7 HK cents per ordinary share for the year ended 31 December 2024. Announcement • Feb 27
VSTECS Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 21, 2025 VSTECS Holdings Limited announced that they will report fiscal year 2024 final results at 4:00 PM, China Standard Time on Mar 21, 2025 Announcement • Dec 20
Vstecs Holdings Limited Announces Board and committee Changes VSTECS Holdings Limited announced that Mr. Lam Hin Chi ("Mr. Lam") has tendered his resignation as an independent non-executive director and chairman of the audit committee, a member of the remuneration committee and nomination committee of the Company with effect from 20 December 2024 as he intended to devote more time to his other personal commitments. The Board announces that Mr. Wang Xiaolong has tendered his resignation as an independent non-executive director and a member of the audit committee, the remuneration committee and nomination committee of the Company with effect from 20 December 2024 as he intended to devote more time to his other personal commitments. the Board Further Announces That Mr. Yu Dingheng (Mr. Yu) Has Been Appointed as an Independent Non-Executive Director and Chairman of the Audit Committee, A Member of the Remuneration Committee and Nomination Committee of the Company with Effect from 20 December 2024. Mr. Yu, Aged 50, Holds A Bachelor Degree in Economic Information Management from the Jiangxi University of Finance and Economics and A Master Degree in Business Administration from the Pbc School of Finance, Tsinghua University. Mr. Yu Has over 25 Years of Experience in Asset Management and Capital Market. from 2000 to 2005, He Worked as A Business Director of Capital Market Division of (Ping an Securities Co., Ltd). from 2006, Mr. Yu Has Been A Founder, Chairman and Investment Director of (Shenzhen Yihu Investment Management Co. Ltd.). He Is Currently A Visiting Professor of the National Digital Literacy and Skills Training Base and Investment and Digital Economy At the Jiangxi University of Finance and Economics. Reported Earnings • Aug 24
First half 2024 earnings released: EPS: HK$0.33 (vs HK$0.36 in 1H 2023) First half 2024 results: EPS: HK$0.33 (down from HK$0.36 in 1H 2023). Revenue: HK$40.1b (up 18% from 1H 2023). Net income: HK$453.3m (down 9.7% from 1H 2023). Profit margin: 1.1% (down from 1.5% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Announcement • Aug 01
VSTECS Holdings Limited to Report First Half, 2024 Results on Aug 21, 2024 VSTECS Holdings Limited announced that they will report first half, 2024 results on Aug 21, 2024 Buy Or Sell Opportunity • Jun 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to HK$4.50. The fair value is estimated to be HK$3.71, 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 14%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • May 30
Vstecs Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 VSTECS Holdings Limited at the Annual General Meeting Held on 30 May 2024 approved a final dividend of HKD 25.7 cents per ordinary share for the year ended 31 December 2023. Upcoming Dividend • May 30
Upcoming dividend of HK$0.26 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (3.1%). Reported Earnings • May 05
Full year 2023 earnings released: EPS: HK$0.66 (vs HK$0.58 in FY 2022) Full year 2023 results: EPS: HK$0.66 (up from HK$0.58 in FY 2022). Revenue: HK$73.9b (down 4.4% from FY 2022). Net income: HK$922.0m (up 12% from FY 2022). Profit margin: 1.2% (up from 1.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Announcement • May 01
VSTECS Holdings Limited, Annual General Meeting, May 30, 2024 VSTECS Holdings Limited, Annual General Meeting, May 30, 2024, at 14:00 China Standard Time. Location: Room 1, 10/F, United Centre, 95 Queensway, Admiralty Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and independent auditors of the Company for the year ended 31 December 2023; to declare a final dividend; to re-elect Mr. Li Yue as director of the Company; to re-elect Mr. Li Wei as director of the Company; to re-elect Mr. Wang Xiaolong as director of the Company; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company; to re-appoint KPMG as the auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; and to consider other matters. Declared Dividend • Mar 23
Dividend increased to HK$0.26 Dividend of HK$0.26 is 51% higher than last year. Ex-date: 6th June 2024 Payment date: 12th July 2024 Dividend yield will be 6.2%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: HK$0.66 (vs HK$0.58 in FY 2022) Full year 2023 results: EPS: HK$0.66 (up from HK$0.58 in FY 2022). Revenue: HK$73.9b (down 4.4% from FY 2022). Net income: HK$922.0m (up 12% from FY 2022). Profit margin: 1.2% (up from 1.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Announcement • Mar 21
Vstecs Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 12 July 2024 VSTECS Holdings Limited proposed final dividend of HKD 0.257 per share for the year ended 31 December 2023. Ex-dividend date 06 June 2024, Record date 07 June 2024 and Payment date 12 July 2024. Date of shareholders' approval 30 May 2024. Announcement • Feb 27
VSTECS Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 VSTECS Holdings Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Reported Earnings • Aug 25
First half 2023 earnings released: EPS: HK$0.36 (vs HK$0.35 in 1H 2022) First half 2023 results: EPS: HK$0.36. Revenue: HK$34.0b (down 11% from 1H 2022). Net income: HK$502.1m (flat on 1H 2022). Profit margin: 1.5% (up from 1.3% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Hong Kong. Announcement • Aug 03
VSTECS Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023 VSTECS Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023 Announcement • Jun 16
VSTECS Holdings Limited Announces Change of Company Secretary The board of directors of VSTECS Holdings Limited announced that Ms. Yue Cheuk Ying (‘Ms. Yue’) has resigned as the company secretary and authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’) with effect from 15 June 2023. Ms. Yue has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced that Mr. Lam Chung Sui (‘Mr. Lam’) has been appointed as the company secretary and authorized representative of the Company with effect from 15 June 2023. Mr. Lam holds a Bachelor Degree in Accounting from the University of Hull. He is a fellow member of the Hong Kong Institute of Certified Public Accountants. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: HK$0.58 (vs HK$0.93 in FY 2021) Full year 2022 results: EPS: HK$0.58 (down from HK$0.93 in FY 2021). Revenue: HK$77.3b (down 1.3% from FY 2021). Net income: HK$823.1m (down 37% from FY 2021). Profit margin: 1.1% (down from 1.7% in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Electronic industry in Hong Kong. Announcement • Jan 20
VSTECS Holdings Limited Appoints Zhang Dongjie as Non-Executive Director The board of directors Of VSTECS Holdings Limited announced that Mr. Zhang Dongjie (‘Mr. Zhang’) has been appointed as a non-executive director of the Company with effect from 19 January 2023. Mr. Zhang, aged 49, graduated from Xiamen University in the People 's Republic of China (the ‘PRC’) with a Master degree in Economics in 2005. Mr. Zhang joined (Shenzhen Eternal Asia Supply Chain Management Ltd.) (‘Shenzhen Eternal Asia’) as the deputy general manager from January 2020. Shenzhen Eternal Asia, a joint stock company established in the PRC with limited liability whose shares are listed on the Main Board of the Shenzhen Stock Exchange, is a substantial shareholder of the Company holding approximately 17.38% of the issued share capital of the Company as at the date of this announcement. Mr. Zhang has extensive management experience and had previously served as senior management in several enterprises in the PRC, such as (Kingway Beer Group), (Shenzhen Urban Construction and Development (Group)), (Shenzhen Tongchan Group Co., Ltd) and (Shenzhen Tongchan Star Co., Ltd). Announcement • Jan 05
VSTECS Holdings Limited Announces Resignation of Xia Bin as Non-Executive Director The board of directors of VSTECS Holdings Limited announced that Mr. Xia Bin (Mr. Xia) has tendered his resignation as a non-executive director of the Company with effect from 4 January 2023 as he intended to devote more time to his other personal commitments. Mr. Xia confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Yi Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
