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Wang On Group Limited
(Frankfurt:1222)
Wang On Group Limited (1222) vs. iShares MSCI Hong Kong ETF (EWH)
Wang On Group Limited Business Overview & Revenue Model
Wang On Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.08B | 2.74B | 1.98B | 3.60B | 1.86B | 1.92B |
| Gross Profit | 283.46M | 808.76M | 823.64M | 1.22B | 907.10M | 974.96M |
| EBITDA | -555.86M | -705.81M | -376.63M | 311.91M | 254.97M | 245.59M |
| Net Income | -779.04M | -922.43M | -753.85M | 12.78M | -305.23M | 123.88M |
Balance Sheet | ||||||
| Total Assets | 16.13B | 13.73B | 17.58B | 18.39B | 20.06B | 20.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.07B | 796.09M | 1.33B | 1.75B | 1.96B | 2.47B |
| Total Debt | 5.99B | 5.29B | 7.11B | 7.05B | 7.63B | 7.84B |
| Total Liabilities | 7.93B | 6.95B | 9.46B | 9.01B | 10.46B | 10.48B |
| Stockholders Equity | 5.36B | 4.33B | 5.27B | 5.92B | 5.99B | 6.44B |
Cash Flow | ||||||
| Free Cash Flow | 785.26M | 1.13B | -206.60M | 491.96M | -2.21B | -1.17B |
| Operating Cash Flow | 819.13M | 1.18B | -174.67M | 549.19M | -2.13B | -1.11B |
| Investing Cash Flow | 721.28M | 656.19M | 433.31M | 423.84M | 2.42B | 833.47M |
| Financing Cash Flow | -1.46B | -2.32B | -358.94M | -1.01B | -444.62M | 551.46M |
Wang On Group Limited Technical Analysis
Wang On Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | €373.50M | ― | -19.72% | ― | 38.17% | -17.93% | |
55 Neutral | 1.13B | 28.65 | 2.70% | 1.43% | -54.92% | 26.32% | |
47 Neutral | 390.78M | -2.12 | -13.18% | ― | -30.92% | 85.46% | |
43 Neutral | 450.31M | -2.28 | -60.51% | ― | -87.44% | -14013.33% | |
42 Neutral | 404.68M | -2.13 | 0.00% | ― | 55.27% | 68.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Wang On Group Limited Corporate Events
Wang On Group Limited announced that all proposed ordinary resolutions related to the disposal of 20% interests in joint venture companies and the formation of new joint ventures were approved by shareholders during the Special General Meeting held on August 12, 2025. This decision marks a strategic move for the company, potentially strengthening its market position and expanding its collaborative efforts through new joint ventures, which could have significant implications for its stakeholders.
Wang On Group Limited and Wang On Properties Limited have announced the formation of a joint venture with ADPF Oregon for the acquisition of a property. Prime Resonance, a subsidiary of Wang On Properties, will hold a 15% stake in the joint venture, while ADPF Oregon will hold 85%. The joint venture will be accounted for as an associate in the financial statements of Wang On Group and Wang On Properties, but it will not become a subsidiary of either company. This transaction is considered discloseable under Hong Kong’s listing rules, requiring reporting and announcement but not shareholder approval.
Wang On Group Limited has announced a special general meeting to be held on August 12, 2025, to discuss and potentially approve two significant sale and purchase agreements. These agreements involve the disposal of a 20% interest in both Fortune Harbour Investments Limited and Mega Hope Global Limited, along with the assignment of related loans. The approval of these transactions could impact the company’s financial positioning and strategic direction.
Wang On Group Limited has announced its upcoming Annual General Meeting (AGM) to be held on August 19, 2025, at the New World Millennium Hong Kong Hotel. The AGM will cover several key business items, including the adoption of financial statements, re-election of directors, and re-appointment of auditors. Additionally, the company will seek approval for a resolution to allow the repurchase of up to 10% of its ordinary shares, which could impact its market operations and shareholder value.
Wang On Group Limited has announced the closure of its register of members in preparation for a special general meeting (SGM) scheduled for August 12, 2025. This meeting will allow shareholders to consider and approve major transactions related to the Fortune Harbour SPA, Mega Hope SPA, and a Framework Agreement. The closure of the register is set from August 7 to August 12, 2025, during which no share transfers will be registered. The outcome of this meeting could significantly impact the company’s operations and its stakeholders.
Wang On Group Limited announced that the proposed ordinary resolution regarding a Sale and Leaseback Arrangement was successfully passed by shareholders during a Special General Meeting held on July 4, 2025. This approval allows the company to proceed with the transaction, potentially impacting its financial operations and strategic positioning positively, as it reflects shareholder support and confidence in the company’s strategic decisions.
Wang On Group Limited has announced a supplemental disclosure regarding the disposal of a property, originally detailed in a previous announcement dated 20 June 2025. The property generated rental income of HK$597,000 and net rental income of HK$41,000 for the year ended 31 March 2025. This additional information aims to provide further clarity to shareholders and potential investors but does not alter the original details of the transaction.
Wang On Group Limited reported a significant increase in revenue for the fiscal year ending March 31, 2025, with a 38.2% rise to HK$2,740 million. Despite this growth, the company faced a substantial loss attributable to owners, increasing by 22.3% to HK$922 million, primarily due to higher selling and distribution expenses, impairment losses on financial assets, and fair value losses on investment properties. The net asset value also declined by 16.5%, indicating financial challenges despite revenue growth. The results suggest ongoing operational difficulties and financial pressures, impacting the company’s market positioning and stakeholder confidence.
Wang On Group Limited has outlined the terms of reference for its Audit Committee, which is integral to the company’s governance structure. The committee, composed mainly of independent non-executive directors, is tasked with overseeing financial reporting, risk management, and internal control systems. This move aims to enhance transparency and accountability, ensuring robust oversight of financial practices and compliance with regulations. The committee is empowered to investigate activities, seek necessary information, and report any significant issues to the board, thus reinforcing the company’s commitment to strong corporate governance.
Wang On Group Limited, through its indirect wholly-owned subsidiary of WOP, has entered into a Provisional Agreement to sell a property located at the Iskra Building, Kowloon, for HK$23.28 million to SSP Lau Group Limited. This transaction, classified as a discloseable transaction under the Listing Rules, reflects strategic asset management and is expected to optimize the company’s property portfolio.
Wang On Group Limited has announced that its board of directors will convene on June 30, 2025, to review and approve the company’s final financial results for the fiscal year ending March 31, 2025. The meeting will also consider the declaration of a final dividend, which could impact shareholder returns and reflect the company’s financial health and strategic direction.
Wang On Group Limited has announced a special general meeting to be held on July 4, 2025, to discuss and potentially approve a Sale and Leaseback Arrangement. This arrangement involves agreements with Haier Financial Services China Co., Ltd., concerning the sale and leaseback of construction projects in Puyang City and Luoyang City. The approval of this arrangement could impact the company’s financial strategy and operational flexibility, potentially affecting stakeholders by altering asset management and financial structuring.
Wang On Group Limited, a company incorporated in Bermuda, has announced the closure of its register of members to determine eligibility for shareholders to attend and vote at a special general meeting (SGM) on July 4, 2025. This meeting will consider and potentially approve a major transaction involving a Sale and Leaseback Arrangement, as previously detailed in a joint announcement with China Agri-Products Exchange Limited. The register will be closed from June 30 to July 4, 2025, and shareholders must ensure their share transfers are registered by June 27, 2025, to participate.
Wang On Group Limited and its subsidiary, Wang On Properties Limited, announced the disposal of a 20% interest in two joint venture companies, Fortune Harbour and Mega Hope, for a total consideration of HK$87.24 million. This move is part of a broader strategy to realign their investment portfolio and strengthen their financial position. Additionally, the company has entered into a new business collaboration through the formation of new joint ventures, aiming to leverage successful past partnerships and explore potential projects, which could enhance their market positioning and offer new opportunities for growth.
Wang On Group Limited and China Agri-Products Exchange Limited announced a significant transaction involving the disposal of their equity interests in a non-wholly owned subsidiary. Century Choice, a subsidiary, has entered into a Capital Reduction Agreement with Yulin Investment and the Target Company, reducing its equity stake from 51% to nil for approximately RMB24.69 million. This transaction is classified as a discloseable transaction under the Listing Rules, impacting the company’s financial structure and strategic positioning.
Wang On Group Limited and China Agri-Products Exchange Limited have announced a major transaction involving a sale and leaseback arrangement with Haier. This transaction, which involves the sale and leaseback of assets worth approximately HK$77.4 million, is significant enough to be classified as a major transaction under the Hong Kong Stock Exchange’s Listing Rules, necessitating shareholder approval and additional reporting requirements. The arrangement is expected to impact the companies’ financial operations and requires the dispatch of a circular to shareholders for further details.