Duyuru • Jun 03
China Fortune Holdings Limited, Annual General Meeting, Jun 26, 2026 China Fortune Holdings Limited, Annual General Meeting, Jun 26, 2026, at 15:00 China Standard Time. Location: room 1505-6, tower a, regent centre, 63 wo yi hop road, kwai chung, Hong Kong 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. 5 non-independent directors. Independent Non-Executive Director Stanley Leung 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. Duyuru • Apr 02
China Fortune Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.5 million. China Fortune Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: HKD 0.26 Duyuru • Mar 18
China Fortune Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 China Fortune Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Duyuru • Aug 15
China Fortune Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 China Fortune Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Apr 28
China Fortune Holdings Limited, Annual General Meeting, May 30, 2025 China Fortune Holdings Limited, Annual General Meeting, May 30, 2025, at 15:00 China Standard Time. Location: room 1505-6, tower a, regent centre, 63 wo yi hop road, kwai chung, Hong Kong Duyuru • Mar 10
China Fortune Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 China Fortune Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Sep 27
First half 2024 earnings released: HK$0.031 loss per share (vs HK$0.029 loss in 1H 2023) First half 2024 results: HK$0.031 loss per share (further deteriorated from HK$0.029 loss in 1H 2023). Revenue: HK$34.5m (down 11% from 1H 2023). Net loss: HK$6.75m (loss widened 27% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. New Risk • Aug 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$20m free cash flow). Share price has been highly volatile over the past 3 months (279% average daily change). Negative equity (-HK$19m). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (€6.98m market cap, or US$7.77m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Aug 28
China Fortune Holdings Limited Appoints Lau Zi Yin, Michelle as an Executive Director and A Member of the Nomination Committee China Fortune Holdings Limited announced that Ms. Lau Zi Yin, Michelle (Ms. Lau) has been appointed as an executive Director and a member of the nomination committee with effect from 27 August 2024. Ms. Lau, aged 26, obtained a Bachelor's degree in finance from UBC Sauder School of Business -- The University of British Columbia in 2020. She has extensive experience in corporate development strategy, sales and marketing functions, export marketing and product development, online and offline retail operations in China. Ms. Lau is currently the chief executive officer of a media company focused on promoting the consumer and technology industries, an investment firm in Beijing of the People's Republic of China (the PRC), and a vice president of investment of an equity investment firm in Macau that promotes the economic development of Macau and the PRC and assists domestic enterprises to expand their brands to overseas countries through Guangdong province and Macau. Duyuru • Aug 14
China Fortune Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 China Fortune Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 Duyuru • Jun 01
China Fortune Holdings Limited Approves the Retirement of Wang Yu as Executive Director China Fortune Holdings Limited announced that at its Annual General Meeting held on 31 May 2024 Mr. Wang Yu, has not been re-elected as an executive director of the Company at the AGM and retired from directorship pursuant to Bye-Laws of the Company after the conclusion of the AGM. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.064 loss per share (vs HK$0.078 loss in FY 2022) Full year 2023 results: HK$0.064 loss per share (improved from HK$0.078 loss in FY 2022). Revenue: HK$81.5m (up 1.2% from FY 2022). Net loss: HK$12.6m (loss narrowed 12% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Duyuru • Mar 21
China Fortune Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 7.8 million. China Fortune Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 7.8 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: HKD 0.26
Transaction Features: Subsequent Direct Listing Duyuru • Mar 16
China Fortune Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 China Fortune Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.029 loss per share (vs HK$0.041 loss in 1H 2022) First half 2023 results: HK$0.029 loss per share (improved from HK$0.041 loss in 1H 2022). Revenue: HK$38.7m (up 38% from 1H 2022). Net loss: HK$5.33m (loss narrowed 28% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Duyuru • Aug 11
China Fortune Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 China Fortune Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Duyuru • Jul 24
China Fortune Holdings Limited Announces Director Changes The board of directors of China Fortune Holdings Limited (the "Company'') announced that Mr. Li Jianwu ("Mr. Li'') has been appointed as an executive Director with effect from 21 July 2023. Mr. Li, aged 40, has over ten years of experience in mergers and acquisitions. Mr. Li obtained a bachelor's degree in business administration and a master degree in business administration from University of South China and Sun Yat-sen University, in 2003 and 2008, respectively. Mr. Li is currently the managing director of an equity fund management firm in Hunan of the People's Republic of China (the "PRC''). He is also life associate member of China Angel Federation and an executive director of Software Association Blockchain of the PRC. Mr. Li has entered into a service agreement with the Company, pursuant to which Mr. Li shall hold office for an initial term of three years commencing from 21 July 2023 unless terminated by either party in accordance with the term thereof. The Board announced that Mr. Hou Zhenyang ("Mr. Hou'') has tendered his resignation as an executive Director due to his desire to devote more time to his other work arrangements with effect from 21 July 2023. Mr. Hou has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. New Risk • Jul 05
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 Less than 1 year of cash runway based on free cash flow trend (-HK$15m free cash flow). Share price has been highly volatile over the past 3 months (91% average weekly change). Negative equity (-HK$9.3m). Market cap is less than US$10m (€5.71m market cap, or US$6.21m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Mar 29
Full year 2022 earnings released: HK$0.078 loss per share (vs HK$0.057 loss in FY 2021) Full year 2022 results: HK$0.078 loss per share (further deteriorated from HK$0.057 loss in FY 2021). Revenue: HK$80.6m (up 1.8% from FY 2021). Net loss: HK$14.4m (loss widened 45% from FY 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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 Stanley Leung 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. Reported Earnings • Aug 31
First half 2022 earnings released: HK$0.041 loss per share (vs HK$0.021 loss in 1H 2021) First half 2022 results: HK$0.041 loss per share (down from HK$0.021 loss in 1H 2021). Revenue: HK$28.1m (down 48% from 1H 2021). Net loss: HK$7.45m (loss widened 111% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Aug 23
China Fortune Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 The board of directors of the China Fortune Holdings Limited announced that based on the latest review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2022 and the latest information currently available to the Board, it is expected that the Group may record a consolidated loss of approximately HKD 11.2 million for the six months ended 30 June 2022 as compared to a consolidated loss of approximately HKD 4.8 million for the six months ended 30 June 2021. The Board considered that the increase in consolidated loss of the Group for the six months ended 30 June 2022 was mainly due to (i) the decrease in the revenue of the Group's trading of mobile phone business which were adversely affected by the lockdown of Shanghai due to COVID-19 outbreak in April 2022; and (ii) the increase in administrative expenses incurred in the new mobile application business called Beijing Daizhangmen, in the PRC which involving eco-friendly bag automatic bag taking machine together with the database traffic monetization business. This new mobile application business incurred administrative expenses of approximately HKD 8.4 million during the period in 2022, of which there was no such administrative expense in the same period of 2021. Duyuru • Aug 13
China Fortune Holdings Limited to Report Q2, 2022 Results on Aug 29, 2022 China Fortune Holdings Limited announced that they will report Q2, 2022 results on Aug 29, 2022 Board Change • Apr 27
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 Stanley Leung 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. Reported Earnings • Apr 01
Full year 2021 earnings released: HK$0.056 loss per share (vs HK$0.002 profit in FY 2020) Full year 2021 results: HK$0.056 loss per share (down from HK$0.002 profit in FY 2020). Revenue: HK$79.2m (down 2.2% from FY 2020). Net loss: HK$9.93m (down HK$10.1m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 39% per year. Duyuru • Jan 26
China Fortune Holdings Limited Provides Earning Guidance for the Nine Months Ended 31 December 2021 China Fortune Holdings Limited provided earning guidance for the nine months ended 31 December 2021. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021 and assessment of the information currently available, the Group is expected to incur a loss and other comprehensive expense between HKD 5.5 to HKD 6.5 million attributable to the owners of the Company for the nine months ended 31 December 2021 as compared with a profit and other comprehensive income of approximately HKD 5.5 million for the nine months ended 31 December 2020 (the "Previous Period"). The deterioration of the Group's performance were mainly attributable to (i) the decrease in revenue; and (ii) cost overrun of certain large-scaled renovation projects during the Period. Board Change • Jan 08
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 Stanley Leung 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. Reported Earnings • Nov 09
Third quarter 2021 earnings released: HK$0.008 loss per share (vs HK$0.015 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: HK$55.2m (up 86% from 3Q 2020). Net loss: HK$2.50m (down 262% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 24
First half 2021 earnings released: HK$0.021 loss per share (vs HK$0.031 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: HK$53.7m (up 151% from 1H 2020). Net loss: HK$3.53m (loss widened 23% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS HK$0.002 (vs HK$0.28 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$80.9m (down 25% from FY 2019). Net income: HK$219.0k (up HK$26.3m from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • Mar 19
China Fortune Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 China Fortune Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Duyuru • Feb 10
China Fortune Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 48.64231 million. China Fortune Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 48.64231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 91,777,944
Price\Range: HKD 0.53
Transaction Features: Rights Offering Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total losses of HK$22.6m, with earnings decreasing by HK$41.3m from the prior year. Total revenue was HK$69.0m over the last 12 months, down 71% from the prior year. Duyuru • Aug 22
China Fortune Holdings Limited to Report First Half, 2020 Results on Aug 31, 2020 China Fortune Holdings Limited announced that they will report first half, 2020 results on Aug 31, 2020