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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 129.59M | 66.33M | 89.62M | 139.82M | 114.47M |
| Gross Profit | 9.03M | 11.23M | 14.06M | 38.70M | 24.96M |
| EBITDA | -55.28M | -84.69M | -49.20M | -38.77M | -58.68M |
| Net Income | -76.63M | -93.75M | -65.88M | -46.27M | -68.11M |
Balance Sheet | |||||
| Total Assets | 195.07M | 214.19M | 288.37M | 234.83M | 283.70M |
| Cash, Cash Equivalents and Short-Term Investments | 66.51M | 43.80M | 11.21M | 15.35M | 78.55M |
| Total Debt | 26.60M | 43.91M | 31.46M | 7.95M | 4.97M |
| Total Liabilities | 65.05M | 65.47M | 79.07M | 38.58M | 45.27M |
| Stockholders Equity | 130.96M | 148.11M | 208.43M | 196.26M | 238.43M |
Cash Flow | |||||
| Free Cash Flow | -79.09M | -28.85M | -82.49M | -59.52M | -20.75M |
| Operating Cash Flow | -77.70M | -27.73M | -81.01M | -58.79M | -20.75M |
| Investing Cash Flow | -1.24M | -930.00K | 73.98M | -730.00K | 4.42M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$778.66M | 5.25 | 6.38% | 18.52% | 7.08% | 190.74% | |
57 Neutral | HK$26.40B | 4.11 | -2.03% | 5.49% | -0.23% | -68.02% | |
56 Neutral | HK$1.25B | ― | -57.25% | ― | 95.39% | 30.86% | |
45 Neutral | HK$457.11M | ― | -1.72% | ― | 14.05% | 56.22% | |
44 Neutral | HK$522.25M | ― | -5.04% | ― | 46.93% | 63.40% | |
41 Neutral | HK$1.26B | ― | -47.70% | ― | 59.71% | 3.93% | |
| ― | HK$427.86M | 4.67 | 2.94% | 13.62% | ― | ― |
Virtual Mind Holding Company Limited Corporate Events
Virtual Mind Holding Company Limited has announced the grant of 4,050,000 Award Shares to three employees under its Share Award Scheme. The shares, valued at HK$6,399,000 based on the closing price of HK$1.58 per share, are subject to a 12-month vesting period and performance targets. The scheme includes a clawback mechanism to address issues such as financial misstatements or misconduct by employees. The grants do not require shareholder approval and do not exceed 1% of the company’s shares in issue.
Virtual Mind Holding Company Limited has announced a memorandum of understanding with XiZu Chain Technology Development to establish a joint venture focused on the sports IP economy using the Web3.0 model. This collaboration aims to deepen cooperation with N-Bridge and XiZu Chain Technology, potentially bringing new business growth and positively impacting the company’s future development.
Virtual Mind Holding Company Limited has announced a placement of new shares under a general mandate, involving up to 158,639,385 shares at a price of HK$0.52 each, which is an 18.75% discount to the recent trading price. The company aims to raise approximately HK$79.92 million in net proceeds, which will be used for repaying outstanding liabilities, business development, and general working capital. This strategic move is expected to impact the company’s financial stability and market positioning positively, although the completion of the placement is subject to certain conditions.
Virtual Mind Holding Company Limited has announced a transaction involving the acquisition of a 10% equity interest in N-Bridge Capital Group Limited. This acquisition, valued at HK$15 million, will be completed through the issuance of 37,500,000 consideration shares. Upon completion, N-Bridge Capital Group will become an associated company of Virtual Mind Holding, impacting its financial statements through the equity method. The transaction is classified as a discloseable and connected transaction due to the involvement of Mr. Mei, the chairman and an executive director of Virtual Mind, who holds a significant interest in the target company. An Independent Board Committee has been set up to evaluate the fairness and reasonableness of the transaction terms, and an Extraordinary General Meeting (EGM) will be convened for shareholder approval.
Virtual Mind Holding Company Limited has announced an extension of the exclusivity period for its proposed acquisition, allowing more time for due diligence. The extension, agreed upon mutually with the vendors, moves the deadline to August 30, 2025, while all other terms of the memorandum remain unchanged. The acquisition’s completion remains uncertain, and stakeholders are advised to exercise caution.
Virtual Mind Holding Company Limited, incorporated in the Cayman Islands, has announced a change in its board of directors. Ms. Yeung Riviera has been appointed as an independent non-executive director effective June 17, 2025. Ms. Yeung meets all independence criteria and has no financial or other interests in the company or its subsidiaries, ensuring her unbiased contribution to the board. This appointment is expected to strengthen the company’s governance and align with regulatory requirements, potentially enhancing stakeholder confidence.
Virtual Mind Holding Company Limited, a company incorporated in the Cayman Islands, has announced significant changes in its board and management structure. The company has appointed Ms. Yeung Riviera as an independent non-executive director, replacing Ms. Lo Wing Sze, who resigned to focus on her business interests. Additionally, the company has restructured its board committees, with Mr. Mei Weiyi taking on new leadership roles. The company’s head office and principal place of business in Hong Kong have also been relocated. These changes are expected to impact the company’s governance and operational dynamics.
Virtual Mind Holding Company Limited has announced the composition of its board of directors and their respective roles within the company. The board consists of both executive and independent non-executive directors, with specific members assigned to various committees such as Audit, Remuneration, Nomination, and Corporate Governance. This announcement clarifies the leadership structure and governance roles within the company, potentially impacting its strategic direction and operational oversight.
Virtual Mind Holding Company Limited announced that all resolutions proposed at its Annual General Meeting on June 10, 2025, were unanimously passed by shareholders. This includes the re-election of directors, approval of financial statements, and granting of mandates for share issuance and repurchase. The successful passage of these resolutions reflects strong shareholder support and positions the company for continued strategic operations and governance stability.
Virtual Mind Holding Company Limited, incorporated in the Cayman Islands, has announced the resignation of Mr. Gong Xiaohan as an executive director, effective June 2, 2025. Mr. Gong will transition to the role of senior vice president of operations within the company. The board expressed gratitude for his contributions and confirmed there are no disagreements or issues related to his resignation that need to be addressed.
Virtual Mind Holding Company Limited, incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within the company. The board consists of both executive and independent non-executive directors, with specific members assigned to 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 direction and operational oversight.
Virtual Mind Holding Company Limited, incorporated in the Cayman Islands, has announced a significant change in its executive team. Mr. Wong Wai Kai Richard has been appointed as the new Chief Operating Officer, effective April 30, 2025, while Mr. Chan Ming Leung Terence has resigned as Executive Director to focus on his own business. The company expressed gratitude for Mr. Chan’s contributions and welcomed Mr. Wong to his new role, highlighting the continuity and strategic management within the company.
Virtual Mind Holding Company Limited, incorporated in the Cayman Islands, has announced the list of its directors and their roles within the company. This announcement details the composition of the board, which includes executive and independent non-executive directors, and outlines their participation in various board committees, such as the Audit, Remuneration, Nomination, and Corporate Governance Committees. This update provides stakeholders with insights into the governance structure of the company, which is crucial for understanding the company’s strategic direction and decision-making processes.
Virtual Mind Holding Company Limited has announced its annual general meeting (AGM) to be held on June 10, 2025, in Hong Kong. The meeting will address ordinary business matters such as the approval of financial statements, re-election of directors, and the authorization of directors’ remunerations. Additionally, the AGM will consider special business resolutions, including granting directors the power to issue shares under certain conditions, which could impact the company’s capital structure and shareholder value.
Virtual Mind Holding Company Limited has successfully completed the placing of 122,652,000 new shares under a general mandate, raising approximately HK$47.59 million. The funds raised will be allocated towards repaying outstanding liabilities, providing general working capital, and developing business operations. This strategic move enhances the company’s capital structure and positions it for future growth, while maintaining the independence of its shareholders.