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Wai Chun Group Holdings Limited
(1013)
Wai Chun Group Holdings Limited (1013) vs. iShares MSCI Hong Kong ETF (EWH)
Wai Chun Group Holdings Limited Business Overview & Revenue Model
Wai Chun Group Holdings Limited Financial Statement Overview
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 273.89M | 176.80M | 233.93M | 159.83M | 134.75M |
| Gross Profit | 1.55M | 567.00K | 1.10M | 3.34M | 5.71M |
| EBITDA | -5.26M | -19.44M | -84.29M | 31.03M | -11.88M |
| Net Income | -36.53M | -50.72M | -127.08M | -17.93M | -28.09M |
Balance Sheet | |||||
| Total Assets | 32.07M | 81.34M | 138.49M | 156.86M | 88.41M |
| Cash, Cash Equivalents and Short-Term Investments | 127.00K | 9.16M | 14.19M | 19.70M | 12.88M |
| Total Debt | 222.38M | 229.13M | 196.60M | 124.74M | 144.49M |
| Total Liabilities | 272.36M | 312.14M | 322.59M | 246.56M | 281.08M |
| Stockholders Equity | -256.42M | -246.73M | -200.97M | -106.97M | -190.46M |
Cash Flow | |||||
| Free Cash Flow | -8.52M | -8.79M | 3.78M | -9.47M | -2.54M |
| Operating Cash Flow | -8.52M | -8.79M | 3.79M | -9.44M | -1.73M |
| Investing Cash Flow | 8.00K | -6.14M | -7.00K | 844.00K | -786.00K |
| Financing Cash Flow | -2.12M | 11.13M | -9.96M | 14.57M | -17.96M |
Wai Chun Group Holdings Limited Technical Analysis
Wai Chun Group Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €9.68B | 9.67 | 23.28% | 5.16% | 12.70% | 9.91% | |
78 Outperform | €13.02B | 7.12 | 11.35% | 4.23% | 30.12% | 139.92% | |
63 Neutral | $33.80B | 5.84 | -11.67% | 1.84% | 5.28% | -18.34% | |
61 Neutral | $25.22B | 72.73 | 2.23% | 2.31% | -9.99% | -51.96% | |
46 Neutral | HK$1.47B | ― | -16.13% | ― | 10.08% | -118.45% | |
33 Underperform | HK$66.58M | ― | ― | -26.41% | 21.54% | ||
30 Underperform | HK$62.37M | ― | ― | 79.56% | 43.36% |
Wai Chun Group Holdings Limited Corporate Events
Wai Chun Group Holdings Limited announced the results of its Special General Meeting held on April 25, 2025, where a resolution to appoint McMillan Woods (Hong Kong) CPA Limited as the company’s auditor was passed. The resolution received unanimous support, with all votes cast in favor, indicating strong shareholder approval for the change in auditor.
Wai Chun Group Holdings Limited announced the resignation of Dr. Wang Wei as an independent non-executive director, who also stepped down from various committee roles due to personal commitments. This resignation, along with a previous one, has led to the company’s non-compliance with certain Hong Kong Stock Exchange listing rules regarding the number of independent directors and audit committee members. The company is actively seeking suitable candidates to fill these vacancies to meet regulatory requirements.
Wai Chun Group Holdings Limited has announced the current composition of its board of directors and their roles within the company. The board consists of Mr. Lam Ka Chun as the Executive Director and Mr. Wan Bo as the Independent Non-executive Director. The announcement also details the membership of these directors in various board committees, with Mr. Lam Ka Chun serving as Chairman of the Nomination Committee and a member of the Remuneration Committee, while Mr. Wan Bo is a member of the Audit and Nomination Committees and serves as Chairman of the Remuneration Committee.
Wai Chun Group Holdings Limited has announced a connected transaction involving the issuance of convertible bonds under a specific mandate. The company has entered into a subscription agreement with Mr. Lam Ching Kui, a connected person and controlling shareholder, for HK$45,000,000 worth of new convertible bonds. This transaction is intended to settle existing debts and will result in the issuance of up to 500,000,000 new shares, significantly increasing the company’s share capital. The transaction is subject to approval from independent shareholders and the Stock Exchange, with certain parties abstaining from voting due to their interests.
Wai Chun Group Holdings Limited has announced remedial measures to address non-compliance with the Listing Rules related to connected and disclosable transactions. The company has implemented a series of actions, including circulating a list of connected persons to subsidiaries, requiring finance and compliance department approvals for fund transfers, submitting monthly contract summaries for compliance checks, and conducting internal training sessions to ensure adherence to Chapters 13, 14, and 14A of the Listing Rules. These measures aim to enhance compliance and governance, potentially improving the company’s operational integrity and stakeholder confidence.
Wai Chun Group Holdings Limited has announced a special general meeting scheduled for April 25, 2025, to consider the appointment of McMillan Woods (Hong Kong) CPA Limited as the new auditor. This decision reflects the company’s ongoing efforts to ensure transparency and accountability in its financial reporting, potentially impacting its operational integrity and investor confidence.
Wai Chun Group Holdings Limited has announced a proposed change of auditor due to a disagreement over audit fees with their current auditor, Confucius International CPA Limited. The company plans to appoint McMillan Woods (Hong Kong) CPA Limited as the new auditor, pending shareholder approval, to enhance cost-effectiveness and reduce operating costs.
Wai Chun Group Holdings Limited announced a supplemental update regarding the diversity of its board members. Following the resignation of Ms. Kung as an independent non-executive director, the company is currently non-compliant with Rule 13.92 of the Listing Rules, which requires gender diversity on the board. The company is actively seeking a suitable female candidate to rectify this and ensure compliance within three months.
Wai Chun Group Holdings Limited, incorporated in Bermuda, has announced the composition of its board of directors and their roles within the company. The board comprises Executive Director Mr. Lam Ka Chun, and Independent Non-executive Directors Dr. Wang Wei and Mr. Wan Bo. The announcement provides detailed membership information for the company’s three board committees: Audit, Nomination, and Remuneration Committees, highlighting the leadership roles and committee memberships of each director. This update on board composition is significant for stakeholders as it reflects the company’s governance structure and strategic oversight.
Wai Chun Group Holdings Limited announced the resignation of Ms. Kung Ying Tung from her role as an Independent Non-Executive Director, as well as her positions on the company’s audit, remuneration, and nomination committees. This resignation has resulted in the company being non-compliant with certain Hong Kong Stock Exchange Listing Rules, as they now lack the minimum required number of independent directors with appropriate qualifications. The company is actively seeking suitable candidates to fill these vacancies within the stipulated three-month period to meet regulatory requirements.