Board Change • Jul 29
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. 5 non-independent directors. Independent Non-Executive Director Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 03
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. 5 non-independent directors. Independent Non-Executive Director Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
First half 2026 earnings released: EPS: HK$0.018 (vs HK$0.031 loss in 1H 2025) First half 2026 results: EPS: HK$0.018 (up from HK$0.031 loss in 1H 2025). Revenue: HK$27.3m (down 8.6% from 1H 2025). Net income: HK$8.95m (up HK$24.1m from 1H 2025). Profit margin: 33% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
China Environmental Resources Group Limited Provides Earnings Guidance for the Six Months Ended 31 December 2025 China Environmental Resources Group Limited provided earnings guidance for the six months ended 31 December 2025. For the year, the company expects that the Group's unaudited consolidated profit will be not less than approximately HKD 10,000,000 for the six months ended 31 December 2025, as compared to the loss for the corresponding period in 2024 of approximately HKD 16,554,000. The Board considers that such turnaround from loss to profit was attributable to the
combined effects of the following during the six months ended 31 December 2025: (i) decrease in revenue to approximately HKD 27.3 million but a slight increase in gross profit to approximately HKD 6.5 million; (ii) increase in other income to approximately HKD 12.4 million; (iii) decrease in administrative and operating expenses to approximately HKD 14.8 million; (iv) increase in fair value gain on investment properties to approximately HKD 12.6 million; (v) decrease in loss arising from changes in fair value less costs to sell of biological assets to approximately HKD 2.3 million; (vi) decrease in finance costs to approximately HKD 2.8 million; (vii) increase in gain on disposal of investment properties to approximately HKD 1.6 million; and (viii) decrease in income tax credit to approximately HKD 1.0 million. Announcement • Feb 12
China Environmental Resources Group Limited to Report First Half, 2026 Results on Feb 27, 2026 China Environmental Resources Group Limited announced that they will report first half, 2026 results on Feb 27, 2026 New Risk • Dec 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Shares are highly illiquid. Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (S$59.8m market cap, or US$46.3m). Announcement • Dec 03
China Environmental Resources Group Limited has completed a Follow-on Equity Offering in the amount of HKD 34.6788 million. China Environmental Resources Group Limited has completed a Follow-on Equity Offering in the amount of HKD 34.6788 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,100,000
Price\Range: HKD 0.468
Discount Per Security: HKD 0.00702
Transaction Features: Subsequent Direct Listing Announcement • Nov 04
China Environmental Resources Group Limited has filed a Follow-on Equity Offering in the amount of HKD 29.9988 million. China Environmental Resources Group Limited has filed a Follow-on Equity Offering in the amount of HKD 29.9988 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,100,000
Price\Range: HKD 0.468
Discount Per Security: HKD 0.00702
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 19
Full year 2025 earnings released: HK$0.082 loss per share (vs HK$0.16 loss in FY 2024) Full year 2025 results: HK$0.082 loss per share (improved from HK$0.16 loss in FY 2024). Revenue: HK$60.7m (down 27% from FY 2024). Net loss: HK$40.3m (loss narrowed 40% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Announcement • Oct 18
China Environmental Resources Group Limited Auditor Raises 'Going Concern' Doubt China Environmental Resources Group Limited filed its Annual on Oct 16, 2025 for the period ending Jun 30, 2025. In this report its auditor, Zhonghui Anda CPA limited, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Board Change • Oct 14
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 Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 3.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$40.5m market cap, or US$31.4m). Reported Earnings • Oct 01
Full year 2025 earnings released: HK$0.08 loss per share (vs HK$0.16 loss in FY 2024) Full year 2025 results: HK$0.08 loss per share (improved from HK$0.16 loss in FY 2024). Revenue: HK$60.7m (down 27% from FY 2024). Net loss: HK$40.3m (loss narrowed 40% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Oct 01
China Environmental Resources Group Limited, Annual General Meeting, Dec 04, 2025 China Environmental Resources Group Limited, Annual General Meeting, Dec 04, 2025. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (S$42.2m market cap, or US$32.7m). Board Change • Sep 22
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 Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
China Environmental Resources Group Limited to Report Fiscal Year 2025 Results on Sep 30, 2025 China Environmental Resources Group Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Sep 30, 2025 Board Change • Jul 09
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 Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2025 earnings released: HK$0.031 loss per share (vs HK$0.11 loss in 1H 2024) First half 2025 results: HK$0.031 loss per share (improved from HK$0.11 loss in 1H 2024). Revenue: HK$29.8m (down 27% from 1H 2024). Net loss: HK$15.2m (loss narrowed 67% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Feb 10
China Environmental Resources Group Limited to Report First Half, 2025 Results on Feb 28, 2025 China Environmental Resources Group Limited announced that they will report first half, 2025 results on Feb 28, 2025 Board Change • Feb 05
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 Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
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 Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 05
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. 6 non-independent directors. Independent Non-Executive Director Peggy Lai was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 03
China Environmental Resources Group Limited Announces Board and Committee Changes China Environmental Resources Group Limited announced that Mr. Wong Kwai Sang has retired as Independent Non-Executive Director upon the conclusion of the 2024 AGM held on 3 December 2024. At the same time, he ceased to act as the Chairman and member of each of the Nomination Committee and the Remuneration Committee and a member of the Audit Committee of the Board. Moreover, Mr. Lee Chi Ho has been appointed as the Chairman of the Nomination Committee and the Remuneration Committee of the Board with effective from the conclusion of the 2024 AGM held on 3 December 2024. Announcement • Oct 03
China Environmental Resources Group Limited Announces Board and Committee Changes The board of directors of China Environmental Resources Group Limited announced that Ms. Lai Pik Chi Peggy has been appointed as an independent non-executive Director (INED), a member of each of the audit committee, the remuneration committee and the nomination committee of the Company effective from 3 October 2024. Ms. Lai, aged 60, has over 30 years of auditing, accounting, financial management experience. She obtained a master degree of business administration from the University of Manchester in the United Kingdom in June 2010. She is a fellow member of the Association of Chartered Certified Accountants and an associate member of the Hong Kong Institute of Certified Public Accountants. She is currently an independent non-executive director of Elegance Optical International Holdings Limited, Kwong Luen Engineering Holdings Limited, KPa-BM Holdings Limited. She was an independent non-executive director of CT Environmental Group Limited from August 2020 to August 2021. She was a non-executive director of Larry Jewelry International Company Limited from February 2020 to November 2021. She was an independent non-executive director of Wan Leader International Limited from August 2024 to September 2024. She was an executive director of Zhejiang United Investment Holdings Group Limited from July 2021 to March 2024, for which she served as an independent non-executive director from November 2019 to July 2021 and an independent non-executive director of China Come Ride New Energy Group Limited from August 2019 to September 2024. Ms. Lai has entered into a letter of appointment with the Company for a term of three years commencing from 3 October 2024, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Board also announced that Mr. Wong Kwai Sang, an existing INED, is subject to retirement by rotation at annual general meeting in accordance with the Articles. Mr. Wong has informed the Company that as he has been an INED for more than 9 years and with an aim to promote good corporate governance of the Company and healthy development of the Board, he has decided not to seek re-election and will therefore retire from his position as an INED, and will cease to be the Chairman of each of the Nomination Committee and the Remuneration Committee and a member of the Audit Committee of the Board at the conclusion of the AGM. Mr. Wong has confirmed that he has no disagreement with the Board and there are no matters with respect to his retirement that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. With effect from the retirement of Mr. Wong at the conclusion of the AGM, Mr. Lee Chi Ho will be appointed and act as the Chairman of the Nomination Committee and the Remuneration Committee of the Board. Reported Earnings • Oct 02
Full year 2024 earnings released: HK$0.16 loss per share (vs HK$0.086 loss in FY 2023) Full year 2024 results: HK$0.16 loss per share (further deteriorated from HK$0.086 loss in FY 2023). Revenue: HK$82.8m (down 1.9% from FY 2023). Net loss: HK$67.7m (loss widened 93% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Oct 01
China Environmental Resources Group Limited, Annual General Meeting, Dec 03, 2024 China Environmental Resources Group Limited, Annual General Meeting, Dec 03, 2024. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (S$17.6m market cap, or US$13.8m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (S$15.8m market cap, or US$12.2m). Announcement • Sep 16
China Environmental Resources Group Limited to Report Fiscal Year 2024 Results on Sep 30, 2024 China Environmental Resources Group Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Sep 30, 2024 Board Change • Sep 09
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 an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chi Ho Lee was the last independent director to join the board, commencing their role in 2023. 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 02
China Environmental Resources Group Limited Appoints Liu Yafei as an Executive Director China Environmental Resources Group Limited announced that Mr. Liu Yafei has been appointed as an executive Director effective from 2 August 2024. The biographical details of Mr. Liu are set out as follows: Mr. Liu, aged 55, has over 15 years of experience in international trading and mining business in the People's Republic of China. He obtained his master's degree in engineering from Wuhan University in June 2009. Mr. Liu has entered into a service agreement with the Company for a term of three years commencing from 2 August 2024 and his appointment will continue thereafter unless and until terminated by either party giving three months' written notice in accordance with his service agreement, subject to retirement by rotation and re-election at annual general meetings in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited . Pursuant to his service agreement, Mr. Liu is entitled to a remuneration of HKD 240,000 per annum and a discretionary bonus which is commensurate with his duties and responsibilities as an executive Director and the prevailing market conditions. New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$3.36m (US$2.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$3.36m market cap, or US$2.50m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Mar 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (S$17.1m market cap, or US$12.8m). Announcement • Mar 06
China Environmental Resources Group Limited has completed a Follow-on Equity Offering in the amount of HKD 16.292305 million. China Environmental Resources Group Limited has completed a Follow-on Equity Offering in the amount of HKD 16.292305 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 407,307,622
Price\Range: HKD 0.04
Discount Per Security: HKD 0.0008
Transaction Features: Subsequent Direct Listing New Risk • Mar 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.6m (US$9.37m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$12.6m market cap, or US$9.37m). Announcement • Feb 08
China Environmental Resources Group Limited to Report First Half, 2024 Results on Feb 29, 2024 China Environmental Resources Group Limited announced that they will report first half, 2024 results on Feb 29, 2024 Announcement • Dec 05
China Environmental Resources Group Limited Appoints Lee Chi Ho as Independent Non-Executive Director, the Chairman of the Audit Committee and Member of Each of the Remuneration Committee and the Nomination Committee The board of China Environmental Resources Group Limited announced that Mr. Lee Chi Ho has been appointed as an independent non-executive Director, the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company effective from 5 December 2023. Mr. Lee Chi Ho, aged 41, is a fellow member of the Association of Chartered Certified Accountants and has over 15 years of experience in finance, auditing and accounting sectors. He has been serving as the chief financial officer in three companies listed in Hong Kong, namely (i) TOMO Holdings Limited since April 2023; (ii) Fullwealth International Group Holdings Limited since May 2023; and (iii) Carry Wealth Holdings Limited since November 2023. From August 2019 to April 2023, Mr. Lee worked for Zhongshan Pacific Lighting Co. Ltd. as a general manager. Prior to that, he served as the chief financial officer of Gold-Finance (Holdings) Group Company Limited from June 2014 to August 2015; Huajin International Holdings Limited from July 2015 to June 2017; and (iii) Mastermind Manufacture Limited from January 2018 to August 2019. During the period from August 2004 to December 2013, Mr. Lee served as an auditor in Deloitte Touche Tohmatsu in Hong Kong and its affiliates operating in Shenzhen and Shanghai. He obtained his Bachelor of Arts in Accountancy from The Hong Kong Polytechnic University in November 2004. Mr. Lee has entered into a letter of appointment with the Company for a term of three years commencing from 5 December 2023, subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities (the "Listing Rules'') on The Stock Exchange of Hong Kong Limited (the "Stock Exchange''). Pursuant to the letter of appointment, Mr. Lee is entitled to a Director's fee of HKD 120,000 per annum which is determined by the Remuneration Committee and the Board with reference to his qualifications, experience, level of responsibilities undertaken and the prevailing market conditions. Such remuneration is subject to annual review by the Remuneration Committee and the Board. The Board announces the following changes in composition of Board committees effective from 5 December 2023: Mr. Yeung Chi Hang, an existing executive Director, the chief executive officer and the chairman of the Board, has ceased to be a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Lee has been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee. Board Change • Nov 09
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. 1 experienced director. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Heung was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 30
China Environmental Resources Group Limited, Annual General Meeting, Dec 04, 2023 China Environmental Resources Group Limited, Annual General Meeting, Dec 04, 2023. Reported Earnings • Sep 30
Full year 2023 earnings released: HK$0.02 loss per share (vs HK$0.008 loss in FY 2022) Full year 2023 results: HK$0.02 loss per share (further deteriorated from HK$0.008 loss in FY 2022). Revenue: HK$84.4m (down 9.4% from FY 2022). Net loss: HK$35.1m (loss widened 109% from FY 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Sep 26
China Environmental Resources Group Limited Announces Board and Committee Changes The board of directors of China Environmental Resources Group Limited announced that Mr. Ong Chi King has resigned as an independent non-executive Director, the chairman of each of the audit committee, the remuneration committee and the nomination committee of the Company effective from 25 September 2023 in order to devote more time to his other business commitments. The Board announced that with effect from 25 September 2023, (i) Mr. Yeung Chi Hang, an existing executive Director and the chairman of the Board, has been appointed as a member of each of the Nomination Committee and the Remuneration Committee; and (ii) Mr. Wong Kwai Sang, an existing independent non-executive Director, has been appointed as the chairman of each of the Nomination Committee and the Remuneration Committee. Announcement • Sep 22
China Environmental Resources Group Limited Provides Consolidated Earnings Guidance for the Year Ended 30 June 2023 China Environmental Resources Group Limited provided consolidated earnings guidance for the year ended 30 June 2023. The company is expected that the group 's consolidated loss for the year ended 30 June 2023 will increase by not less than 130% compared to the loss for the corresponding period in 2022 of approximately HKD 14.8 million. The board considers that such increase was attributable to the combined effects of the followings during the year ended 30 June 2023: decrease in gross profit to approximately HKD 15.0 million mainly due to the decrease in revenue. Announcement • Sep 14
China Environmental Resources Group Limited to Report Fiscal Year 2023 Results on Sep 29, 2023 China Environmental Resources Group Limited announced that they will report fiscal year 2023 results on Sep 29, 2023 Board Change • Jul 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Heung was the last independent director to join the board, commencing their role in 2015. 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 • Mar 03
First half 2023 earnings released: HK$0.001 loss per share (vs HK$0.004 loss in 1H 2022) First half 2023 results: HK$0.001 loss per share (improved from HK$0.004 loss in 1H 2022). Revenue: HK$42.8m (up 8.4% from 1H 2022). Net loss: HK$2.85m (loss narrowed 64% from 1H 2022). 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 25% per year, which means it is significantly lagging earnings. Board Change • Jan 06
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Heung was the last independent director to join the board, commencing their role in 2015. 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 • Nov 21
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. 2 experienced directors. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Heung was the last independent director to join the board, commencing their role in 2015. 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 • Oct 01
Full year 2022 earnings released: HK$0.01 loss per share (vs HK$0.023 loss in FY 2021) Full year 2022 results: HK$0.01 loss per share (improved from HK$0.023 loss in FY 2021). Revenue: HK$93.2m (up 20% from FY 2021). Net loss: HK$21.4m (loss narrowed 54% from FY 2021). Board Change • May 04
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. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Heung was the last independent director to join the board, commencing their role in 2015. 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 • Mar 13
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.004 loss per share (up from HK$0.007 loss in 1H 2021). Revenue: HK$39.5m (up 16% from 1H 2021). Net loss: HK$7.81m (loss narrowed 43% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: HK$0.02 loss per share (vs HK$0.027 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$77.9m (up 3.3% from FY 2020). Net loss: HK$46.1m (loss narrowed 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 14
First half 2021 earnings released: HK$0.007 loss per share (vs HK$0.011 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$34.2m (down 13% from 1H 2020). Net loss: HK$13.6m (loss narrowed 42% from 1H 2020). 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 35% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 01
Chairman & CEO recently bought S$170k worth of stock On the 27th of November, Chi Hang Yeung bought around 16m shares on-market at roughly S$0.011 per share. This was the largest purchase by an insider in the last 3 months. Chi Hang has been a buyer over the last 12 months, purchasing a net total of S$1.2m worth in shares. Reported Earnings • Oct 01
Full year earnings released - S$0.03 loss per share Over the last 12 months the company has reported total losses of HK$55.6m, with losses narrowing by 55% from the prior year. Total revenue was HK$75.4m over the last 12 months, down 37% from the prior year.