New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$161.4m market cap, or US$20.6m). Duyuru • Apr 29
Greenheart Group Limited, Annual General Meeting, Jun 09, 2026 Greenheart Group Limited, Annual General Meeting, Jun 09, 2026, at 11:30 China Standard Time. Location: basement 2, function room, the wharney guang dong hotel hong kong, 57-73 lockhart road, wanchai., Hong Kong Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: HK$0.003 (vs HK$0.075 loss in FY 2024) Full year 2025 results: EPS: HK$0.003 (up from HK$0.075 loss in FY 2024). Revenue: HK$42.4m (down 18% from FY 2024). Net income: HK$7.04m (up HK$146.3m from FY 2024). Profit margin: 17% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 06
Greenheart Group Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Greenheart Group Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Upcoming Dividend • Feb 06
Inaugural dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 13 February 2026. Payment date: 17 March 2026. This is the first dividend for Greenheart Group since going public. The average dividend yield among industry peers is 2.1%. New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$222.6m market cap, or US$28.6m). Reported Earnings • Aug 29
First half 2025 earnings released: HK$0.004 loss per share (vs HK$0.051 loss in 1H 2024) First half 2025 results: HK$0.004 loss per share (improved from HK$0.051 loss in 1H 2024). Revenue: HK$20.6m (down 25% from 1H 2024). Net loss: HK$7.38m (loss narrowed 92% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Earnings have declined by 9.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (HK$144.7m market cap, or US$18.4m). New Risk • Jun 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Earnings have declined by 9.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$150.3m market cap, or US$19.1m). Duyuru • Jun 11
Greenheart Group Limited has filed a Follow-on Equity Offering in the amount of HKD 33.668088 million. Greenheart Group Limited has filed a Follow-on Equity Offering in the amount of HKD 33.668088 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 927,495,528
Price\Range: HKD 0.0363
Transaction Features: Rights Offering Duyuru • Apr 07
Greenheart Group Limited, Annual General Meeting, Jun 10, 2025 Greenheart Group Limited, Annual General Meeting, Jun 10, 2025, at 11:30 China Standard Time. Location: basement 2, function room, the wharney guang dong hotel hong kong, 57-73 lockhart road., wanchai Hong Kong Reported Earnings • Mar 26
Full year 2024 earnings released: HK$0.075 loss per share (vs HK$0.05 loss in FY 2023) Full year 2024 results: HK$0.075 loss per share (further deteriorated from HK$0.05 loss in FY 2023). Revenue: HK$51.9m (down 43% from FY 2023). Net loss: HK$139.2m (loss widened 50% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 30% per year. New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$28m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (HK$72.3m market cap, or US$9.31m). Duyuru • Mar 11
Greenheart Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Greenheart Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Board Change • Jan 13
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 Chun Wai To 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. New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$28m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Market cap is less than US$100m (HK$89.0m market cap, or US$11.4m). New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$28m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$100.2m market cap, or US$12.9m). Reported Earnings • Oct 01
First half 2024 earnings released: HK$0.051 loss per share (vs HK$0.022 loss in 1H 2023) First half 2024 results: HK$0.051 loss per share (further deteriorated from HK$0.022 loss in 1H 2023). Revenue: HK$27.7m (down 46% from 1H 2023). Net loss: HK$93.9m (loss widened 128% from 1H 2023). 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 22% per year, which means it has not declined as severely as earnings. Board Change • Sep 28
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 Chun Wai To 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 • Aug 15
Greenheart Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Greenheart Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Duyuru • Apr 27
Greenheart Group Limited, Annual General Meeting, Jun 12, 2024 Greenheart Group Limited, Annual General Meeting, Jun 12, 2024, at 11:30 China Standard Time. Location: Basement 2, Function Room, The Wharney Guang Dong Hotel Hong Kong, 57-73 Lockhart Road Wanchai Hong Kong Agenda: To receive and approve the audited consolidated financial statements for the Company and its subsidiaries and reports of the directors of the Company and auditor of the Company for the year ended 31 December 2023; to consider reelections of directors; to authorize the board of Directors to fix the Directors' remuneration; to re-appoint Deloitte Touche Tohmatsu as auditor of the Company and to authorize the board of Directors to fix its remuneration; and to consider other matters. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.05 loss per share (vs HK$0.037 loss in FY 2022) Full year 2023 results: HK$0.05 loss per share (further deteriorated from HK$0.037 loss in FY 2022). Revenue: HK$91.0m (down 45% from FY 2022). Net loss: HK$93.1m (loss widened 37% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Duyuru • Mar 14
Greenheart Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Greenheart Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$89.0m market cap, or US$11.4m). New Risk • Nov 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$64.9m (US$8.33m) 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 Earnings have declined by 6.4% per year over the past 5 years. Market cap is less than US$10m (HK$64.9m market cap, or US$8.33m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Sep 05
First half 2023 earnings released: HK$0.022 loss per share (vs HK$0.028 loss in 1H 2022) First half 2023 results: HK$0.022 loss per share (improved from HK$0.028 loss in 1H 2022). Revenue: HK$50.7m (down 47% from 1H 2022). Net loss: HK$41.3m (loss narrowed 20% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 18
Greenheart Group Limited to Report First Half, 2023 Results on Aug 30, 2023 Greenheart Group Limited announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jul 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$102.0m market cap, or US$13.1m). Reported Earnings • Mar 31
Full year 2022 earnings released: HK$0.037 loss per share (vs HK$0.02 loss in FY 2021) Full year 2022 results: HK$0.037 loss per share (further deteriorated from HK$0.02 loss in FY 2021). Revenue: HK$164.3m (down 49% from FY 2021). Net loss: HK$68.2m (loss widened 85% from FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Duyuru • Dec 31
Greenheart Group Limited Announces Executive Changes The board of directors of Greenheart Group Limited hereby announced the resignation of Ms. Tse Nga Ying (Ms. Tse) as the Company Secretary of the Company and an authorized representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 1 January 2023. Ms. Tse has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Fung Ka Man (Ms. Fung) will be appointed as the Company Secretary and the Authorized Representative of the Company with effect from 1 January 2023. Ms. Fung is an associate of both The Chartered Governance Institute and The Hong Kong Chartered Governance Institute and awarded with the dual designations of Chartered Secretary and Chartered Governance Professional. She holds a Bachelor of Laws Degree from the University of London. She has over 10 years of experience in corporate governance, legal and compliance areas. 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 Chun Wai To 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. Reported Earnings • Oct 02
First half 2022 earnings released: HK$0.028 loss per share (vs HK$0.005 profit in 1H 2021) First half 2022 results: HK$0.028 loss per share (down from HK$0.005 profit in 1H 2021). Revenue: HK$95.1m (down 36% from 1H 2021). Net loss: HK$51.4m (down HK$60.3m from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.028 loss per share (vs HK$0.005 profit in 1H 2021) First half 2022 results: HK$0.028 loss per share (down from HK$0.005 profit in 1H 2021). Revenue: HK$95.1m (down 36% from 1H 2021). Net loss: HK$51.4m (down HK$60.3m from profit in 1H 2021). 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 32% per year, which means it is significantly lagging earnings. Duyuru • Jun 14
Greenheart Group Limited Announces Executive Changes Greenheart Group Limited announced the following changes in the composition of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company with effect from 13 June 2022: Mr. Lie Ken Jie Remy Anthony Ket Heng ("Mr. Lie Ken Jie"), the non-executive Director, has been appointed as a member of the Audit Committee; Mr. Kenneth Lau ("Mr. Lau"), the non-executive Director, has been appointed as a member of the Remuneration Committee; Mr. Cheung Pak To, Patrick, the independent non-executive Director, has been appointed as a member of the Nomination Committee; and Mr. Wong Man Chung, Francis has ceased to be a member of the Nomination Committee, but remained as the independent non-executive Director and the Chairman of each of the Audit Committee and the Remuneration Committee. Reference is made to the announcement of the Company dated 24 May 2022 in respect of the retirement of Mr. Tsang On-Yip, Patrick ("Mr. Tsang") from his positions of non-executive Director and member of each of the Audit Committee and the Remuneration Committee after the conclusion of the annual general meeting of the Company. Following the appointments of Mr. Lie Ken Jie and Mr. Lau as set out above, each of the Audit Committee and the Remuneration Committee comprises one non-executive Director and two independent non-executive Directors. As a result, the Company has complied with (i) Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to the composition of the Audit Committee and (ii) Article 3 of the terms of reference of the Remuneration Committee with regard to the composition of the Remuneration Committee. Duyuru • May 25
Greenheart Group Limited Approves Board and Committee Changes Greenheart Group Limited at the Annual General Meeting held on 24 May 2022 approved the election of Mr. Lie Ken Jie Remy Anthony Ket Heng as a non-executive Director, election of Mr. Kenneth Lau as a non-executive Director. As disclosed in the Circular, Mr. Tsang On-Yip, Patrick ('Mr. Tsang') did not offer himself for re-election and retired as non-executive director of the Company at the conclusion of the AGM. Mr. Tsang also ceased to be a member of the Audit Committee and a member of the Remuneration Committee of the Company. 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. 4 non-independent directors. Independent Non-Executive Director Chun Wai To 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 20
Greenheart Group Limited, Annual General Meeting, May 24, 2022 Greenheart Group Limited, Annual General Meeting, May 24, 2022, at 11:00 China Standard Time. Location: at Boardroom 3-4, M/F., Renaissance Harbour View Hotel Hong Kong, 1 Harbour Road, Wanchai Hong Kong Agenda: To receive and approve the audited consolidated financial statements for the Company and its subsidiaries and reports of the directors of the Company (the "Directors") and auditors of the Company for the year ended 31 December 2021; to re-elect Mr. Ding Wai Chuen as an executive Director; to elect Mr. Lie Ken Jie Remy Anthony Ket Heng as a non-executive Director; to elect Mr. Kenneth Lau as a non-executive Director; to authorise the board of Directors to fix the Directors' remuneration; and to consider other matters. Reported Earnings • Mar 31
Full year 2021 earnings released: HK$0.02 loss per share (vs HK$0.009 loss in FY 2020) Full year 2021 results: HK$0.02 loss per share (down from HK$0.009 loss in FY 2020). Revenue: HK$320.5m (down 1.8% from FY 2020). Net loss: HK$36.9m (loss widened 114% from FY 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
First half 2021 earnings released: EPS HK$0.005 (vs HK$0.013 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$147.9m (up 34% from 1H 2020). Net income: HK$8.92m (up HK$33.2m from 1H 2020). Profit margin: 6.0% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 21
Greenheart Group Limited Provides Earnings Guidance Six Months Ended June 30, 2021 Greenheart Group Limited provided earnings guidance six months ended June 30, 2021. The board of directors of the company announced that based on the information currently available, the Group expects to record a decrease of approximately 96.5% in its net loss for the six months ended 30 June 2021 as compared to the corresponding period last year. The Group considers that the improvement of performance of the Group was mainly due to the following:(i) the Group's total revenue for the Period increased notably by approximately 33.9% to approximately HKD 147,850,000, benefiting from the strong demand for New Zealand radiata pine in China and the increasing production and sales contribution from its Suriname division; and (ii) recognition of a non-cash fair value gain on plantation forest assets located in New Zealand of approximately HKD 24,995,000 (2019: HKD 5,407,000) for the Period, reflecting the favorable adjustments on the future market price and demand based on the conditions as at 30 June 2021. Executive Departure • Jun 03
Non-Executive Director Yang Cheng has left the company On the 25th of May, Yang Cheng's tenure as Non-Executive Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Yang's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Apr 25
Full year 2020 earnings released: HK$0.009 loss per share (vs HK$0.078 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$326.3m (down 13% from FY 2019). Net loss: HK$17.2m (loss narrowed 88% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: HK$0.009 loss per share (vs HK$0.078 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$326.3m (down 13% from FY 2019). Net loss: HK$17.2m (loss narrowed 88% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Duyuru • Mar 17
Greenheart Group Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Greenheart Group Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total losses of HK$145.7m, with losses widening by 86% from the prior year. Total revenue was HK$312.3m over the last 12 months, down 22% from the prior year. Duyuru • Aug 12
Greenheart Group Limited to Report First Half, 2020 Results on Aug 25, 2020 Greenheart Group Limited announced that they will report first half, 2020 results on Aug 25, 2020