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Virtual Mind Holding Company Limited
(1520)
Virtual Mind Holding Company Limited (1520) vs. iShares MSCI Hong Kong ETF (EWH)
Virtual Mind Holding Company Limited Business Overview & Revenue Model
Virtual Mind Holding Company Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.79M | 129.59M | 66.33M | 89.62M | 139.82M | 114.47M |
| Gross Profit | 6.41M | 9.03M | 11.23M | 14.06M | 38.70M | 24.96M |
| EBITDA | -75.45M | -55.28M | -84.69M | -49.20M | -38.77M | -58.68M |
| Net Income | -91.13M | -76.63M | -93.75M | -65.88M | -46.27M | -68.11M |
Balance Sheet | ||||||
| Total Assets | 189.19M | 195.07M | 214.19M | 288.37M | 234.83M | 283.70M |
| Cash, Cash Equivalents and Short-Term Investments | 14.74M | 17.09M | 43.80M | 65.20M | 31.03M | 78.55M |
| Total Debt | 15.69M | 26.60M | 43.91M | 31.46M | 7.95M | 4.97M |
| Total Liabilities | 42.70M | 65.05M | 65.47M | 79.07M | 38.58M | 45.27M |
| Stockholders Equity | 147.73M | 130.96M | 148.11M | 208.43M | 196.26M | 238.43M |
Cash Flow | ||||||
| Free Cash Flow | -55.14M | -79.09M | -28.85M | -82.49M | -59.52M | -20.75M |
| Operating Cash Flow | -53.75M | -77.70M | -27.73M | -81.01M | -58.79M | -20.75M |
| Investing Cash Flow | 7.73M | -1.24M | -930.00K | 73.98M | -730.00K | 4.42M |
| Financing Cash Flow | 32.27M | 53.84M | 10.24M | 46.66M | -928.00K | -6.01M |
Virtual Mind Holding Company Limited Technical Analysis
Virtual Mind Holding Company Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$455.37M | 5.68 | 2.55% | 2.33% | -4.07% | -26.53% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$723.83M | 6.56 | 4.94% | 6.04% | 0.72% | 2.24% | |
51 Neutral | HK$369.44M | -18.22 | -2.76% | 4.55% | -1.24% | 5.98% | |
46 Neutral | HK$838.54M | -32.02 | -6.24% | ― | 5.88% | 16.82% | |
45 Neutral | HK$837.62M | -6.66 | -60.17% | ― | 90.88% | 29.21% | |
45 Neutral | HK$1.52B | -4.40 | -74.13% | ― | 2.67% | -54.41% |
Virtual Mind Holding Company Limited Corporate Events
Virtual Mind Holding Company Limited has completed a discloseable and connected transaction involving the assignment of certain loans, following prior shareholder communications on the deal. The company announced that all conditions precedent have been satisfied, the deed of assignment was executed on 30 January 2026, and the first instalment payment of HK$860,000 has been made by the assignee to the assignor, marking formal completion of the loan assignment and reinforcing the group’s ongoing efforts to restructure or reallocate its credit exposure within its corporate structure.
The most recent analyst rating on (HK:1520) stock is a Sell with a HK$0.74 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has entered into an investment agreement through its wholly owned subsidiary Beijing 1520 Technology Co., Ltd. with Beijing Xiuman Technology Co., Ltd. to establish a joint venture, Chengdu Tianhe Xinrui Precious Metals Co., Ltd., in Chengdu, China. With registered capital of RMB5 million, Beijing 1520 will hold a controlling 51% stake and Beijing Xiuman 49%, making the venture a consolidated subsidiary that will pursue gold-related business by integrating pure gold products with sports, art, finance and cross-border trade. Management expects the initiative to ride growing consumer demand for innovative gold products such as “small gold pieces” and co-branded jewelry, enhance the Group’s IP-driven offerings, raise average transaction values and create new revenue streams, thereby strengthening the company’s competitive position and benefiting shareholders.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.84 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has entered into a First Subscription Agreement with an investor under an existing share subscription facility, agreeing to allot and issue up to 8 million new shares at HK$0.85 each and to grant warrants to subscribe for up to 31 million additional shares. The new subscription shares, representing less than 1% of the enlarged share capital, will raise up to HK$7.36 million and are priced at a discount to recent market prices, while the zero‑priced warrants are exercisable at a substantial premium to the current share price, a structure the board deems fair and beneficial to shareholders by providing immediate funding with potential future capital inflow on warrant exercise and limited dilution at current market levels.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.90 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has signed an investment cooperation agreement with Saudi-based investor Mr. Sami Abdullah A1Shammary to establish a joint venture in the Kingdom of Saudi Arabia focused on the industrial IP sector, including smart manufacturing and robotics-as-a-service under the frameworks of the Saudi Ministry of Industry. The new limited liability company will have registered capital of US$1 million, with Virtual Mind holding a 90% stake and Mr. Sami 10%, and is intended to support the group’s strategic expansion into industrial applications, enhance its presence in a key growth market, and ultimately generate additional returns for shareholders by aligning with its broader AI and Web3-driven growth strategy.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.90 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced that its planned acquisition of a 10% equity interest in N-Bridge Capital Group Limited, to be settled via the issue of consideration shares under a specific mandate, has lapsed after the conditions precedent were not fulfilled by the agreed long stop date of 13 January 2026 and the parties did not agree any further extension. The company’s board stated that the termination of the agreement will not have any material adverse impact on the group’s business, operations or financial position, but advised shareholders and potential investors to exercise caution when dealing in its securities following the lapse of this disclosable and connected transaction.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.93 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has signed a non-binding memorandum of understanding to invest in Harves Entertainment Limited, targeting a 10% equity stake via a capital increase, with final terms subject to due diligence and agreed valuation. Harves Entertainment, which operates top international sports IPs in China and holds Manchester United-related licenses for offline experiences, e-commerce and supply chain in the Chinese market, is seen as a strategic fit that would deepen Virtual Mind’s smart new consumption business in sports, strengthen its consumer IP portfolio and competitiveness, and potentially add new growth drivers, although the deal remains under negotiation and may become a notifiable transaction if formalized.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.93 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has disclosed that its chairman and executive director, Mei Weiyi, purchased 1.5 million shares of the company on the market on 9 January 2026, bringing his total holdings to 5.25 million shares plus 17.5 million share awards, equivalent in aggregate to about 2.39% of the company’s issued share capital. The company states that Mei’s increased stake reflects his strong confidence in Virtual Mind’s future development prospects and is intended to support the firm’s sustainable and stable growth, protect the interests of the company and its shareholders, and bolster overall investor confidence in the stock.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited announced that its wholly-owned subsidiary Beijing 1520 Technology Co., Ltd. has signed a three-year strategic cooperation framework agreement with COFCO Food Technology Development (Beijing) Co., Ltd. to jointly develop the sports nutrition food market. The partnership includes establishing a joint laboratory to conduct research on sports aquatic products and peptide-based formulations that meet compliance standards, as well as creating a platform for technical exchanges among experts in food nutrition and water quality. Beyond R&D, the parties plan multi-dimensional cooperation across supply chain integration, market promotion and sales network building, supported by regular high-level meetings and dedicated liaison teams to coordinate implementation, which is expected to strengthen Virtual Mind’s capabilities and positioning in the sports nutrition segment and deepen its presence in the broader health industry value chain.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced that shareholders overwhelmingly approved, by way of poll, an ordinary resolution at its extraordinary general meeting held on 8 January 2026 to approve, confirm and ratify a Sale and Purchase Agreement and the related transactions. All votes cast, representing 149,523,562 shares or 100% of the votes at the meeting, were in favour of the resolution, with no votes against, no abstentions required under listing rules, and no voting restrictions, signalling strong shareholder support for the transaction and providing clear board and investor backing for the company’s proposed corporate actions under that agreement.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has issued a supplemental announcement on its share subscription facility and planned issue of warrants, explaining that the capital raise will fund a technology-driven upgrade of its traditional IP services business. The group intends to integrate Web3 blockchain, AI and VR into its IP product design, development and marketing processes, including putting IP products and membership identities on-chain, creating tamper-proof digital identities, and using AI-powered data analytics and interactive digital features to enhance authenticity, traceability, anti-counterfeiting controls and user engagement, with the warrant subscription expected to raise around HK$60 million for these initiatives.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has reshuffled its top management, moving non-executive director Zheng Kaixin into the role of chief executive officer effective 24 December 2025 as part of an internal reorganisation aimed at strengthening compliance and technology-driven operations. At the same time, the group has appointed fintech veteran Yi Zuoxing as chief investment officer to oversee investor relations, communications and capital operations, and promoted existing executive Zeng Jing to co-chief financial officer alongside the current CFO, expanding financial oversight. The new leadership team brings deep experience in payment technology, digital finance, AI, and capital markets, notably including Zheng’s track record at Ant Group in large-scale payment system restructuring, cross-border payments and digital currency applications, which is expected to support the group’s ambitions in Web3.0 integration, regulatory compliance and global expansion, while Yi and Zeng reinforce investment management, governance and financial risk control for stakeholders.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 1520, has announced the current composition of its board of directors and board committees. The board comprises four executive directors, one non-executive director and three independent non-executive directors, who collectively oversee the company’s governance structure through four key committees: audit, remuneration, nomination and corporate governance. The company has clarified the chairmanships and memberships of each committee, underlining the roles of independent non-executive directors in leading core oversight bodies such as the audit and remuneration committees, which reflects an emphasis on regulatory compliance, board transparency and strengthened corporate governance practices for stakeholders.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has called an extraordinary general meeting (EGM) of shareholders to be held in Hong Kong on 8 January 2026, with contingency arrangements in place for severe weather conditions in the city. The sole item of business is to seek shareholder approval, confirmation and ratification of a Sale and Purchase Agreement and to authorise any director to execute all necessary documents and actions, including non-fundamental variations or waivers, to implement the transaction, underscoring the agreement’s importance to the company’s future corporate actions and governance.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced an extension of the Long Stop Date for its Sale and Purchase Agreement related to the assignment of loans, now set for January 31, 2026. This extension allows additional time to fulfill the agreement’s conditions, with no other changes to the terms. Additionally, the company has scheduled an Extraordinary General Meeting (EGM) on January 8, 2026, to approve the agreement, with a temporary closure of the register of members to determine shareholder voting eligibility.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has clarified details regarding its Share Subscription Facility Agreement, which involves issuing shares and warrants over the next three years. This strategic move, facilitated by an agreement with an alternative investment fund under the Global Emerging Markets Group, aims to bolster the company’s financial strategy and market positioning.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced a further delay in the dispatch of a circular related to its acquisition of a 10% equity interest in N-Bridge Capital Group Limited. This acquisition is considered a disclosable and connected transaction under the Listing Rules. The delay is due to the additional time needed to prepare and finalize the necessary information for the circular, which is now expected to be dispatched by January 14, 2026. This postponement may affect the company’s timeline for completing the acquisition and could have implications for its strategic positioning and stakeholder engagement.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited, listed on the Hong Kong Stock Exchange, announced a further delay in the despatch of a circular related to a discloseable and connected transaction involving the assignment of loans. The circular, which includes important details such as the Sale and Purchase Agreement and recommendations from the Independent Board Committee, was initially expected by December 1, 2025, but is now postponed to January 14, 2026, to allow more time for preparation.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced further details regarding its Share Award Scheme, specifically focusing on the performance targets and clawback mechanisms associated with the grants of award shares. The company has set performance targets that include milestone achievements in fundraising, new business ventures, and partnerships, with a requirement for recipients to serve the group for more than one year. Additionally, a clawback mechanism is in place to retrieve shares if a grantee harms the company’s interests or reputation through legal violations or professional misconduct.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced significant changes to its board of directors, impacting its governance structure. Effective from November 12, 2025, Ms. Yeung Riviera has resigned as an independent non-executive director to focus on her business pursuits. Mr. Cheung Pak To, BBS, with extensive experience in public administration and corporate governance, has been appointed as an independent non-executive director, while Ms. Kot Mui has been appointed as a non-executive director. These changes are expected to influence the company’s strategic direction and board dynamics.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited has announced the composition of its board of directors, detailing the roles and functions of each member. The board comprises executive, non-executive, and independent non-executive directors, who are also members of various committees such as Audit, Remuneration, Nomination, and Corporate Governance. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic decision-making and stakeholder engagement.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
Virtual Mind Holding Company Limited announced the grant of 4,000,000 Award Shares to two employees under its Share Award Scheme, with a vesting period of 12 months and performance targets required for vesting. The market value of these shares is HK$4,720,000, and they are subject to a clawback mechanism under certain conditions, such as financial misstatements or misconduct by the employees. This move is part of the company’s strategy to incentivize employees without exceeding 1% of the shares in issue, and it does not require shareholder approval.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.