Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 422.41M | 304.36M | 294.12M | 224.08M | 650.80M |
Gross Profit | 129.66M | 113.61M | 112.23M | 73.93M | 266.61M |
EBITDA | 32.94M | 57.38M | 64.28M | 3.35M | 76.36M |
Net Income | 28.84M | -6.94M | -32.01M | -124.27M | -112.37M |
Balance Sheet | |||||
Total Assets | 183.67M | 255.80M | 336.60M | 536.01M | 765.89M |
Cash, Cash Equivalents and Short-Term Investments | 78.29M | 95.80M | 100.18M | 147.50M | 139.01M |
Total Debt | 74.04M | 175.97M | 257.28M | 402.99M | 545.57M |
Total Liabilities | 142.83M | 243.93M | 317.83M | 485.23M | 627.60M |
Stockholders Equity | 40.84M | 11.87M | 18.77M | 50.78M | 138.30M |
Cash Flow | |||||
Free Cash Flow | 0.00 | 57.28M | 34.76M | 20.31M | 21.20M |
Operating Cash Flow | 0.00 | 59.88M | 37.96M | 32.41M | 64.91M |
Investing Cash Flow | 0.00 | 17.96M | -23.20M | -722.00K | -62.68M |
Financing Cash Flow | 0.00 | -62.27M | -82.08M | -3.20M | -125.96M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
78 Outperform | $46.11B | 2.92 | 9.68% | 6.81% | 1.22% | 1.90% | |
76 Outperform | HK$136.77B | 40.29 | 10.43% | 0.98% | 36.74% | 36.49% | |
70 Outperform | $38.10B | 10.44 | 8.59% | 7.26% | 20.21% | 23.24% | |
62 Neutral | $1.39B | 6.63 | 8.83% | 4.55% | -20.69% | -30.40% | |
57 Neutral | HK$25.10B | 4.09 | -2.03% | 5.85% | -0.24% | -68.05% | |
56 Neutral | HK$55.20M | 4.44 | ― | ― | ― | ||
42 Neutral | HK$455.60M | ― | -4.41% | ― | 54.40% | -150.36% |
Welife Technology Limited announced corrections to its unaudited interim results for the six months ended 30 September 2024, highlighting significant post-reporting period events. The company disclosed the disposal of its subsidiaries, Eternal Grand Group and Global Gourmet Group, to independent third parties, as well as ongoing litigations related to unpaid bonds and professional fees. A settlement was reached regarding a winding-up petition, resulting in a litigation loss of approximately HK$13,804,000 for the year ended 31 March 2024, and the petition was subsequently dismissed by the High Court of Hong Kong.
Welife Technology Limited has received additional resumption guidance from the Hong Kong Stock Exchange, requiring an independent internal control review to ensure compliance with listing rules. Trading of the company’s shares remains suspended since November 2023, and will continue until the company addresses the issues and satisfies the Stock Exchange’s requirements.
Welife Technology Limited, incorporated in the Cayman Islands, is facing a winding-up petition filed by 杰晟思控股 (深圳) 有限公司 due to an alleged failure to repay debts amounting to RMB9,400,000. The petition is scheduled for a hearing on April 16, 2025, in the High Court of Hong Kong. The company’s assets and share transfers may be affected unless a court order states otherwise. Welife Technology has engaged legal counsel to protect its interests and considers the petition an abuse of process, with plans to potentially apply for its dismissal.
Welife Technology Limited has announced the composition of its board of directors and the roles within its board committees. The company has appointed executive, non-executive, and independent non-executive directors, with specific individuals assigned to the audit, nomination, and remuneration committees. This announcement provides clarity on the leadership structure, which may influence the company’s governance and strategic direction.
Welife Technology Limited has submitted a resumption proposal to the Hong Kong Stock Exchange to resume trading of its shares, following a suspension. The company continues its restaurant operations and is working to fulfill the necessary conditions for resumption, including completing audits and addressing board composition issues.
Welife Technology Limited announced a correction to a previous announcement regarding the date of its board meeting. The meeting will take place on March 7, 2025, to approve various financial results and possibly recommend an interim dividend. This correction ensures stakeholders are accurately informed about the company’s financial reporting schedule.