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International Genius Company ( (HK:0033) ) has provided an announcement.
International Genius Company has warned that it will miss the 31 December 2025 deadline for publishing its audited annual results for the year ended 30 June 2025, as its newly appointed auditor, engaged only on 30 October, needs more time to complete audit procedures. The audit is focused on clarifying discrepancies between DNCC’s revenue disclosed in the interim results to 31 December 2024 and the full-year figures, and on assessing whether prior-year adjustments are required for the accounting treatment of the DNCC acquisition in the 2024 consolidated accounts. To address these issues and bolster confidence, the board has mandated an independent investigation into the valuation, commercial substance and revenue recognition of the DNCC acquisition and an independent internal control review of the group’s financial reporting, valuation processes and corporate governance. An independent committee of non-executive directors will oversee this work, which the company says is aimed at strengthening transparency, improving risk management, protecting shareholder value and restoring market confidence amid the continued suspension of trading in its shares.
The most recent analyst rating on (HK:0033) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on International Genius Company stock, see the HK:0033 Stock Forecast page.
More about International Genius Company
International Genius Company is a Cayman Islands-incorporated company listed in Hong Kong, operating as a group with exposure to technology-related businesses, including through the acquisition of Deep Neural Computing Company Limited (DNCC). The group’s activities involve service contracts and revenue streams that require complex financial reporting, valuation processes and internal controls to meet regulatory and governance standards in the Hong Kong capital market.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$223.3M
For a thorough assessment of 0033 stock, go to TipRanks’ Stock Analysis page.