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Asia Resources Holdings Limited
(0899)
Asia Resources Holdings Limited (0899) vs. iShares MSCI Hong Kong ETF (EWH)
Asia Resources Holdings Limited Business Overview & Revenue Model
Asia Resources Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.16M | 20.04M | 14.16M | 22.22M | 21.20M | 32.92M |
| Gross Profit | 9.43M | 778.00K | 10.94M | 18.72M | 17.06M | 16.45M |
| EBITDA | -30.07M | -542.61M | -26.42M | -201.53M | -285.75M | 109.67M |
| Net Income | -11.17M | -451.55M | -8.35M | -246.17M | -361.64M | 91.26M |
Balance Sheet | ||||||
| Total Assets | 1.95B | 1.39B | 1.95B | 1.74B | 1.91B | 2.28B |
| Cash, Cash Equivalents and Short-Term Investments | 11.41M | 9.59M | 13.17M | 33.40M | 20.27M | 21.90M |
| Total Debt | 9.91M | 8.80M | 11.40M | 3.44M | 1.90M | 940.00K |
| Total Liabilities | 437.63M | 369.20M | 493.43M | 290.19M | 178.50M | 198.93M |
| Stockholders Equity | 1.40B | 935.87M | 1.34B | 1.39B | 1.65B | 1.97B |
Cash Flow | ||||||
| Free Cash Flow | -40.23M | -2.01M | -33.17M | -12.48M | -2.78M | -30.48M |
| Operating Cash Flow | -24.93M | -232.00K | -18.34M | 1.88M | 7.90M | -28.66M |
| Investing Cash Flow | -7.12M | -1.66M | -6.51M | -19.89M | -7.65M | 2.33M |
| Financing Cash Flow | 15.86M | -1.75M | 5.38M | 37.98M | -1.78M | -2.95M |
Asia Resources Holdings Limited Technical Analysis
Asia Resources Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | HK$18.24B | 5.36 | -7.29% | 3.70% | -4.08% | -49.01% | |
52 Neutral | HK$75.25M | ― | -10.07% | ― | 4.52% | 56.52% | |
46 Neutral | HK$69.48M | ― | -8.85% | ― | -63.67% | -290.24% | |
43 Neutral | HK$209.83M | ― | -17.73% | ― | -25.98% | -1588.59% | |
41 Neutral | HK$77.43M | ― | -9.60% | ― | -27.22% | 60.28% | |
41 Neutral | HK$69.74M | ― | -39.61% | ― | 41.55% | -3780.43% | |
40 Underperform | HK$67.37M | ― | -307.85% | ― | -17.03% | -141.21% |
Asia Resources Holdings Limited Corporate Events
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, announced the retirement of several directors following the failure to pass resolutions for their re-election at the recent AGM. As a result, Ms. Ouyang Yanling and Mr. Yang Xiaoqiang have stepped down as Chairman and Vice Chairman, respectively, effective August 8, 2025. This change in leadership may impact the company’s strategic direction and governance structure.
Zhong Jia Guo Xin Holdings Company Limited announced a significant shortfall in projected revenues due to high vacancy rates and operational disruptions caused by Typhoon Yagi, which damaged its recently acquired mines in China. The company is actively seeking financing solutions to address infrastructure needs and licensing requirements, aiming to resume production and improve its financial position amidst challenging market conditions.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, held its Annual General Meeting (AGM) on August 8, 2025. During the AGM, all proposed resolutions were passed, including the re-election of certain directors and the authorization for the board to fix director remunerations. The company also announced changes in its board committees and a non-compliance issue with listing rules. These developments reflect a period of transition and regulatory challenges for the company, potentially impacting its governance and stakeholder relations.
Zhong Jia Guo Xin Holdings Company Limited has announced the composition of its board of directors effective from August 8, 2025. The board includes executive directors Mr. Li Xiaoming and Mr. Chan Wai Fung, as well as independent non-executive director Dr. Liang Jinxiang. The company has also established three board committees: Audit, Remuneration, and Nomination, with Dr. Liang Jinxiang serving as chairman for all three committees. This announcement reflects the company’s commitment to structured governance and may impact its strategic direction and stakeholder relations.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange, has received a statutory demand from a creditor demanding payment of HK$11,123,440. This demand relates to outstanding service fees under agreements between the company and the creditor. The company is currently seeking legal advice on the matter and warns shareholders and potential investors to exercise caution when dealing with its shares due to the potential for a winding-up petition if the demand is not satisfied.
Zhong Jia Guo Xin Holdings Company Limited has announced its annual general meeting scheduled for August 8, 2025, in Hong Kong. The meeting will address several key resolutions, including the re-election of various directors and the reappointment of Reanda HK CPA Limited as auditors. Additionally, the company seeks approval for the directors to exercise powers related to the allotment and issuance of shares, which could impact the company’s capital structure and shareholder value.
Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda, announced the completion of placing 170,100,000 new shares under a general mandate. This placement, conducted at a price of HK$0.1 per share, represents approximately 11.46% of the company’s enlarged share capital. The announcement also clarified a typographical error in the Chinese version of the previous announcement, with no errors found in the English version. This share placement is expected to impact the company’s capital structure and potentially influence its market positioning.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has announced a clarification regarding its change of head office and principal place of business in Hong Kong. The company corrected a clerical error in its previous announcement, specifying that the new address is 21st Floor, CMA Building, 64 Connaught Road Central, Hong Kong. This update ensures stakeholders have accurate information about the company’s location.
Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda, has revised the terms of reference for its Nomination Committee as of June 30, 2025. The Nomination Committee, established in 2011, is composed of at least three members, primarily independent non-executive directors, and is responsible for overseeing the nomination process for board members. This revision reflects the company’s commitment to maintaining a robust governance structure, ensuring that the board’s composition aligns with strategic goals and regulatory requirements.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda with limited liability, has announced a change in its head office and principal place of business in Hong Kong. Effective July 1, 2025, the new location will be on the 21st Floor of the CMA Building, 64 Connaught Road Central, Hong Kong. This change is part of the company’s operational adjustments, while its contact details remain the same.
Zhong Jia Guo Xin Holdings Company Limited has announced its annual results for the year ended 31 March 2025, revealing significant financial challenges. The company reported a substantial loss before taxation of HK$560.1 million, primarily due to high administrative expenses and significant impairment losses on intangible assets, property, and investments. The total comprehensive income for the year also showed a considerable deficit, impacting both the owners and non-controlling interests. This financial performance may affect the company’s market position and stakeholder confidence.
Asia Resources Holdings Limited successfully passed a special resolution regarding Capital Reorganisation at their Special General Meeting held on June 25, 2025. The resolution received unanimous support from shareholders present, representing approximately 51.81% of the total issued shares, indicating strong backing for the company’s strategic financial restructuring.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has issued a profit warning, expecting a significant increase in net loss for the year ending March 31, 2025. The anticipated loss of not less than HK$450 million is attributed to increased costs from the initial stages of commercial water mining production, losses from changes in the fair value of investment properties, and higher impairment losses on intangible assets and interests in associates. Stakeholders are advised to exercise caution when dealing with the company’s securities.
Zhong Jia Guo Xin Holdings Company Limited has successfully completed the placement of new shares under a general mandate, resulting in the issuance of 170,100,000 new shares. This placement represents approximately 11.46% of the company’s enlarged share capital. The net proceeds of approximately HK$16.3 million will be primarily used to repay loan financing and cover the company’s Hong Kong office expenses for the next twelve months. This strategic move is expected to strengthen the company’s financial position and operational capabilities.
Zhong Jia Guo Xin Holdings Company Limited has announced a special general meeting to discuss a proposed capital reorganization. The reorganization involves consolidating every ten existing shares into one consolidated share, reducing the issued share capital, and subdividing authorized but unissued shares. This move is intended to streamline the company’s share structure and potentially enhance its market position.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda with limited liability, announced a proposed capital reorganisation involving share consolidation, subdivision, and capital reduction. This reorganisation aims to consolidate every ten existing shares into one consolidated share, followed by a subdivision into new shares of lower par value. The capital reorganisation is expected to streamline the company’s share structure and enhance its financial flexibility, with no anticipated impact on the company’s ability to meet its liabilities.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has announced a supplemental update regarding the placement of new shares under a general mandate. The company aims to raise approximately HK$25.49 million in net proceeds, which will be used for general working capital, including loan repayments and operational expenses for its Hong Kong office. This strategic move is intended to support the company’s growth and development, although the placement is contingent upon certain conditions being met.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Hong Kong Stock Exchange, has announced a proposed capital reorganization involving share consolidation and capital reduction. The company plans to consolidate every ten existing shares into one consolidated share and reduce the par value of each consolidated share from HK$1.00 to HK$0.01. This reorganization aims to streamline the company’s share capital structure and is subject to shareholder approval at a special general meeting. The impact on stakeholders includes potential changes in share value and the company’s capital structure, although the reorganization’s completion is contingent upon fulfilling certain conditions.
Zhong Jia Guo Xin Holdings Company Limited, listed on the Stock Exchange of Hong Kong, announced a placement of new shares under a general mandate. The company has agreed to place up to 262,752,672 shares at a price of HK$0.1 per share, representing a 20% increase in its existing issued share capital. The placement aims to raise approximately HK$25.49 million in net proceeds, which will be used as general working capital. The placement is not subject to shareholder approval and is contingent on certain conditions being met.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, announced an update regarding its substantial acquisition of refund properties. The company has accepted a cash refund of RMB 16 million from the vendor, which includes a partial refund of the deposit and compensation for a late refund. This decision was made in light of the current adverse market environment, particularly in the Chinese property market, and the company’s strategy not to hold refund properties long-term. Completion of the cash refund occurred on May 15, 2025, and the company has received six properties, with other properties and parking spaces still pending delivery.