Reported Earnings • Jan 15
First half 2026 earnings released: US$0.008 loss per share (vs US$0.11 profit in 1H 2025) First half 2026 results: US$0.008 loss per share (down from US$0.11 profit in 1H 2025). Revenue: US$27.8m (down 3.4% from 1H 2025). Net loss: US$131.0k (down 111% from profit in 1H 2025). New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 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 (28% average weekly change). Revenue has declined by 16% over the past year. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (US$28.8m market cap). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$1.45, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 30x in the Construction industry in the US. Total loss to shareholders of 55% over the past year. Tillkännagivande • Nov 28
OneConstruction Group Limited, Annual General Meeting, Dec 22, 2025 OneConstruction Group Limited, Annual General Meeting, Dec 22, 2025, at 10:00 China Standard Time. Location: room 908, 9/f,gloucester tower, the landmark, 15 queens road central, Hong Kong Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to US$1.09, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 33x in the Construction industry in the US. Board Change • Oct 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Hok Yu Law is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 01
OneConstruction Group Limited announced delayed 20-F filing On 07/31/2025, OneConstruction Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$5.79, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 33x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to US$6.94, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 32x in the Construction industry in the US. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Hok Yu Law is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 21
OneConstruction Group Limited Announces Board and Committee Changes, Effective from June 13, 2025 On June 13, 2025, Ms. Wai Yan Chan notified OneConstruction Group Limited of her resignation as a director and member of the audit committee, compensation committee and nominating and corporate governance committee, effective June 13, 2025. Ms. Chan has advised that her resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. To fill the vacancy created by Ms. Chan's departure, on June 13, 2025, the board of directors of the Company (the "Board") appointed Ms. Suet In Chung as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the compensation committee. The Company has determined that Ms. Chung satisfies the "independence" requirements of the corporate governance rules of the Nasdaq Stock Market LLC ("Nasdaq") and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The Board has also determined that Ms. Chung qualifies as an audit committee financial expert under the rules of the U.S. Securities and Exchange Commission and as a financially sophisticated audit committee member under the Nasdaq listing rules. Ms. Suet In Chung, age 30, has worked as an Auditor at Nortik Partners & Co. since 2021. She worked as an Audit Senior at Privatco CPA Limited from 2019 to 2021 and as an Audit Semi-Senior at Robert Chui CPA Limited between 2015 and 2019. Ms. Chung holds a Higher Diploma in Accounting from The University of Hong Kong School of Professional and Continuing Education. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$4.37, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 30x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$3.58, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 32x in the Construction industry in the US. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.02, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 24x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.99, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to US$1.61, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 20x in the Construction industry in the US. New Risk • Apr 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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 (20% average weekly change). High level of non-cash earnings (42% accrual ratio). Minor Risk Market cap is less than US$100m (US$27.2m market cap). Reported Earnings • Apr 01
First half 2025 earnings released First half 2025 results: EPS: US$0.11. Net income: US$1.24m (up US$1.24m from 1H 2024). Board Change • Mar 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Hok Yu Law is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to US$2.94, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 25x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$2.37, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 24x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.35, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 30x in the Construction industry in the US. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$2.31, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 32x in the Construction industry in the US. 
