New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.1m (US$97.8m) This is considered a minor 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risk Market cap is less than US$100m (€85.1m market cap, or US$97.8m). Duyuru • May 29
Vala Inc., Annual General Meeting, Jun 24, 2026 Vala Inc., Annual General Meeting, Jun 24, 2026, at 11:00 China Standard Time. Location: room 3, 10/f., united conference centre, united centre, 95 queensway, admiralty, Hong Kong Board Change • May 20
Insufficient new directors 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. 3 highly experienced directors. Independent Non-Executive Director Jian Shou was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Mar 17
Vala Inc. to Report Fiscal Year 2025 Results on Mar 27, 2026 Vala Inc. announced that they will report fiscal year 2025 results on Mar 27, 2026 Duyuru • Aug 19
Vala Inc. to Report First Half, 2025 Results on Aug 29, 2025 Vala Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Jul 16
Zheng Minggao completed the acquisition of 29% stake in China Netcom Technology Holdings Limited (SEHK:8071) from 51 Credit Card Inc. (SEHK:2051). Zheng Minggao agreed to acquire 29% stake in China Netcom Technology Holdings Limited (SEHK:8071) from 51 Credit Card Inc. (SEHK:2051) for HKD 21.8 million on January 24, 2025. A cash consideration of HKD 21.75 million will be paid by the buyer. As part of consideration, HKD 21.75 million is paid towards common equity of China Netcom Technology Holdings Limited. The deal is expected to close by July 31, 2025. As of July 15, 2025, the conditions set out in the share purchase agreement has been fulfilled.
Zheng Minggao completed the acquisition of 29% stake in China Netcom Technology Holdings Limited (SEHK:8071) from 51 Credit Card Inc. (SEHK:2051) on July 15, 2025. Duyuru • Jun 05
51 Credit Card Inc. Announces Retirement of Non-Executive Directors Effective June 5, 2025 51 Credit Card Inc. announced the retirement of Ms. Jiang Chloe Cuicui and Ms. Gao Li as non-executive directors, effective from the conclusion of the Annual General Meeting (AGM) held on June 5, 2025. Both directors were not re-elected at the AGM. Duyuru • May 12
51 Credit Card Inc., Annual General Meeting, Jun 05, 2025 51 Credit Card Inc., Annual General Meeting, Jun 05, 2025, at 11:15 China Standard Time. Location: room 3, 10/f.,united conference centre, united centre, 95 queensway, admiralty, Hong Kong Duyuru • Mar 20
51 Credit Card Inc. to Report Fiscal Year 2024 Results on Mar 31, 2025 51 Credit Card Inc. announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Nov 16
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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€42.6m market cap, or US$44.8m). Duyuru • Nov 14
51 Credit Card Inc. has completed a Follow-on Equity Offering in the amount of HKD 39.662949 million. 51 Credit Card Inc. has completed a Follow-on Equity Offering in the amount of HKD 39.662949 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 271,664,037
Price\Range: HKD 0.146
Discount Per Security: HKD 0.001752
Transaction Features: Subsequent Direct Listing Duyuru • Oct 23
51 Credit Card Inc. has filed a Follow-on Equity Offering in the amount of HKD 39.662949 million. 51 Credit Card Inc. has filed a Follow-on Equity Offering in the amount of HKD 39.662949 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 271,664,037
Price\Range: HKD 0.146
Discount Per Security: HKD 0.001752
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 01
First half 2024 earnings released: CN¥0.035 loss per share (vs CN¥0 in 1H 2023) First half 2024 results: CN¥0.035 loss per share (further deteriorated from CN¥0 in 1H 2023). Revenue: CN¥113.2m (down 16% from 1H 2023). Net loss: CN¥42.2m (down CN¥42.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
First half 2024 earnings released: CN¥0.035 loss per share (vs CN¥0 in 1H 2023) First half 2024 results: CN¥0.035 loss per share (further deteriorated from CN¥0 in 1H 2023). Revenue: CN¥113.2m (down 16% from 1H 2023). Net loss: CN¥42.2m (down CN¥42.3m from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Duyuru • Aug 17
51 Credit Card Inc. Provides Earnings Guidance for the Six Months Ended 30 June 2024 51 Credit Card Inc. provided earnings guidance for the six months ended 30 June 2024. The Group is expected to record a comprehensive loss attributable to owners of the Company ranging from approximately RMB 37 million to RMB 40 million during the Reporting Period as compared with the comprehensive profit attributable to owners of the Company of approximately RMB 2.4 million in the corresponding period of 2023. Duyuru • Aug 14
51 Credit Card Inc. to Report First Half, 2024 Results on Aug 23, 2024 51 Credit Card Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Duyuru • May 31
51 Credit Card Inc., Annual General Meeting, Jun 27, 2024 51 Credit Card Inc., Annual General Meeting, Jun 27, 2024, at 11:15 China Standard Time. Location: room 3, 10/f., united conference centre, united centre, 95 queensway, admiralty, Hong Kong Reported Earnings • Mar 28
Full year 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.068 loss in FY 2022) Full year 2023 results: CN¥0.01 loss per share (improved from CN¥0.068 loss in FY 2022). Revenue: CN¥217.2m (down 44% from FY 2022). Net income: CN¥11.0m (up CN¥93.7m from FY 2022). Profit margin: 5.1% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Duyuru • Mar 16
51 Credit Card Inc. to Report Fiscal Year 2023 Results on Mar 27, 2024 51 Credit Card Inc. announced that they will report fiscal year 2023 results on Mar 27, 2024 Board Change • Dec 06
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 Jian Shou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 04
First half 2023 earnings released: EPS: CN¥0 (vs CN¥0.005 loss in 1H 2022) First half 2023 results: EPS: CN¥0 (improved from CN¥0.005 loss in 1H 2022). Revenue: CN¥134.9m (down 48% from 1H 2022). Net income: CN¥133.0k (up CN¥6.52m from 1H 2022). Profit margin: 0.1% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Duyuru • Aug 22
51 Credit Card Inc. to Report First Half, 2023 Results on Aug 31, 2023 51 Credit Card Inc. announced that they will report first half, 2023 results on Aug 31, 2023 Board Change • Jul 25
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 Jian Shou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 07
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 Jian Shou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-executive Director Jian Shou 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. Board Change • Sep 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-executive Director Jian Shou 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. Duyuru • Aug 24
51 Credit Card Inc. Provides Earnings Guidance for the Six Months Ended 30 June 2022 51 Credit Card Inc. provided earnings guidance for the six months ended 30 June 2022. For the period, the company expects to decrease significantly to the range from approximately RMB4.0 million to approximately RMB7.0 million from approximately RMB178.3 million for the corresponding period in 2021. The expected significant decrease in the comprehensive loss for the 1H2022 is primarily due to (i) the delinquency rate of credit facilitation assets maintained at a low level, which led to a significant decrease in the amount of expected credit loss under International Financial Reporting Standards 9; and (ii) the absence of the impairment loss on license under intangible assets of approximately RMB148.9 million accrued with reference to the market prices during the six months period ended 30 June 2021. Duyuru • Aug 16
51 Credit Card Inc. to Report First Half, 2022 Results on Aug 31, 2022 51 Credit Card Inc. announced that they will report first half, 2022 results on Aug 31, 2022 Board Change • Jun 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-executive Director Jian Shou 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. Duyuru • May 19
51 Credit Card Inc., Annual General Meeting, Jun 23, 2022 51 Credit Card Inc., Annual General Meeting, Jun 23, 2022, at 15:00 China Standard Time. Location: Room 3, 10/F., United Conference Centre, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and approve the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and of the auditor of the Company for the year ended 31 December 2021; to consider Board changes; to consider re-appoint PricewaterhouseCoopers as the Company ' s auditor and to authorise the board of directors of the Company to fix its remuneration; and to consider any other matter thereof. Duyuru • May 14
51 Credit Card Inc. Appoints Shou Jian as an Independent Non-Executive Director with Effect from 13 May 2022 51 Credit Card Inc. announced that Mr. Shou Jian ("Mr. Shou") has been appointed as an independent non-executive Director with effect from 13 May 2022. Mr. Shou Jian aged 50, has previously worked at the Hangzhou Public Security Bureau, where he served as the head of legal and the head of the police station. Mr. Shou has been the director of the integrity department of Alibaba Group since February 2012, and was responsible for corporate disciplinary supervision and integrity culture building. He is currently serving as a senior director of the general department of the SiGuoYa Line of Alibaba Group, where he is responsible for major risk control. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Xuchu Xu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 15
51 Credit Card Inc. Announces Management Changes The board of directors of 51 Credit Card Inc. announced that with effect from 14 April 2022, Mr. Zhu Jianfei (Mr. Zhu) has resigned as an executive Director and an authorised representative of the Company (the Authorised Representative) under Rule 3.05 of The Rules (the Listing Rules) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange'), but will remain as a Vice-President of the Company so that he can dedicate more efforts to the daily operation of thesubsidiary(ies) of the Company; Mr. Yu Jin (Mr. Yu) has resigned as a non-executiveDirector due to his decision to devote more time to his other commitments; and Mr. WongTi (Mr. Wong) has resigned as an independent non-executive Director due to his intentionto devote more time in his other commitments. The Board announced that each of Ms. Jiang Cuicui (Ms. Jiang) and Ms. Gao Li (Ms. Gao) has been appointed as a non-executive Director with effect from 14 April 2022. Ms. Jiang Cuicui has been the president of Hangzhou Zhijiang New Industrial Investment Management Co., Ltd, since November 2018. Ms. Gao Li has been the director of the securities affair centre of Xinhu Zhongbao Co. Ltd, a substantial Shareholder, since July 2010. The Board further announces that Ms. Wu Shan (Ms. Wu), an executive Director and a Vice-President of the Company, has been appointed as the Authorised Representative following the resignation of Mr. Zhu. Reported Earnings • Apr 01
Full year 2021 earnings released: CN¥0.19 loss per share (vs CN¥1.56 loss in FY 2020) Full year 2021 results: CN¥0.19 loss per share (up from CN¥1.56 loss in FY 2020). Revenue: CN¥440.1m (up 68% from FY 2020). Net loss: CN¥233.7m (loss narrowed 86% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Duyuru • Mar 07
51 Credit Card Inc. Provides Consolidated Earnings Guidance for the Year Ended 31 December 2021 51 Credit Card Inc. provided consolidated earnings guidance for the year ended 31 December 2021. Based on the preliminary unaudited consolidated management accounts of the Group for the year ended 31 December 2021 (the "Year 2021") and information currently available to the board (the "Board") of directors (the "Directors") of the Company, the Board informed the shareholders (the "Shareholders") and potential investors of the Company that the consolidated loss attributable to the owners of the Company for the Year 2021 is expected to decrease significantly to the range from approximately RMB 188.0 million to RMB 248.0 million from approximately RMB 1,699.1 million for the year ended 31 December 2020. The expected significant decrease in the consolidated loss for the Year 2021 is primarily due to the fact that the steady rebound in business scale of the credit facilitation business had resulted in an increase in revenue under the background of the significantly reduced impact of the complete exit of the P2P business and the pandemic of the coronavirus disease, and the delinquency rate of credit facilitation assets maintained at a low level, which led to a significant decrease in the amount of expected credit loss under International Financial Reporting Standards 9. Reported Earnings • Oct 03
First half 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.73 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: CN¥204.8m (up 29% from 1H 2020). Net loss: CN¥177.3m (loss narrowed 76% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Executive Departure • Sep 07
CFO & Executive Director Ke Zhao has left the company During their tenure, earnings grew by 20% annually compared to the industry average, which went down by 9.1%. As of June 2021, Ke still personally held 3.10m shares (€167k worth at the time). Ke is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.67 years. Reported Earnings • Aug 31
First half 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.73 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: CN¥204.8m (up 29% from 1H 2020). Net loss: CN¥177.3m (loss narrowed 76% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Duyuru • Aug 08
51 Credit Card Inc. Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 51 Credit Card Inc. provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the consolidated loss attributable to the owners of the Company for the 2021 Interim Period is expected to decrease significantly to the range from approximately RMB 153.0 million to RMB 203.0 million from approximately RMB 730.8 million for the corresponding period in 2020. Reported Earnings • Apr 02
Full year 2020 earnings released: CN¥1.56 loss per share (vs CN¥1.13 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CN¥274.3m (down 87% from FY 2019). Net loss: CN¥1.70b (loss widened 51% from FY 2019). Duyuru • Mar 19
51 Credit Card Inc. to Report Fiscal Year 2020 Results on Mar 30, 2021 51 Credit Card Inc. announced that they will report fiscal year 2020 results on Mar 30, 2021 Recent Insider Transactions • Feb 26
Insider recently bought €16m worth of stock On the 23rd of February, Shen Guojun bought around 70m shares on-market at roughly €0.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €16m more in shares than they have sold in the last 12 months. Duyuru • Sep 21
51 Credit Card Inc.(SEHK:2051) dropped from S&P Global BMI Index 51 Credit Card Inc.(SEHK:2051) dropped from S&P Global BMI Index Duyuru • Aug 22
51 Credit Card Inc. to Report First Half, 2020 Results on Aug 31, 2020 51 Credit Card Inc. announced that they will report first half, 2020 results on Aug 31, 2020 Duyuru • Aug 10
51 Credit Card Inc. Provides Earnings Guidance for the Six Months Ended 30 June 2020 51 Credit Card Inc. provided earnings guidance for the six months ended 30 June 2020. For the period, the company expects that In addition, the ongoing outbreak of the novel coronavirus pneumonia ("COVID-19") in the first half of 2020 has put considerable downward pressure on the economy in the PRC. As a result, the Group expects to record a significant loss for the six months ended 30 June 2020 as compared with the profit for the six months ended 30 June 2019. 
