Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 109.95M | 86.70M | 122.52M | 117.46M | 304.96M |
Gross Profit | -12.88M | -21.49M | -28.63M | -63.46M | 3.80M |
EBITDA | -40.66M | -48.63M | -53.79M | -81.00M | 9.22M |
Net Income | -43.34M | -51.62M | -56.20M | -83.19M | 7.37M |
Balance Sheet | |||||
Total Assets | 42.26M | 71.76M | 123.94M | 191.25M | 253.52M |
Cash, Cash Equivalents and Short-Term Investments | 10.54M | 18.60M | 14.01M | 9.56M | 5.95M |
Total Debt | 5.31M | 9.62M | 9.70M | 16.28M | 17.81M |
Total Liabilities | 32.43M | 18.59M | 19.15M | 45.63M | 24.71M |
Stockholders Equity | 9.83M | 53.17M | 104.79M | 145.62M | 228.81M |
Cash Flow | |||||
Free Cash Flow | -3.55M | -197.00K | -13.15M | 8.50M | -27.71M |
Operating Cash Flow | -3.55M | -197.00K | -5.40M | 8.50M | -27.71M |
Investing Cash Flow | 16.00K | 5.21M | 1.32M | -3.00M | -4.69M |
Financing Cash Flow | -4.53M | -414.00K | 8.52M | -1.88M | 13.65M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
73 Outperform | HK$151.20M | 20.32 | 2.66% | 6.35% | 36.65% | 60.00% | |
58 Neutral | HK$14.16B | 4.53 | -3.01% | 6.82% | 3.67% | -54.16% | |
43 Neutral | HK$104.40M | ― | -22.45% | ― | 21.44% | 65.22% | |
40 Underperform | HK$134.78M | ― | -137.59% | ― | 26.81% | 16.02% |
China Wacan Group Company Limited, incorporated in the Cayman Islands, announced that all resolutions proposed at its Annual General Meeting held on 30 June 2025 were unanimously approved. These resolutions included the re-election of several directors, the re-appointment of the independent auditor, and granting mandates to the directors for share issuance and repurchase, reflecting strong shareholder support and a stable governance structure.
China Wacan Group Company Limited has successfully completed the placement of 62,400,000 new shares, representing approximately 16.67% of its enlarged share capital, at a price of HK$0.241 per share. The net proceeds of approximately HK$14,100,000 will be used to launch a new beauty business, including setting up beauty stores in major Chinese cities, renovating a new office, and as working capital, which could enhance the company’s market presence and diversify its business operations.
China Wacan Group Company Limited, listed on the Hong Kong Stock Exchange, has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025. The meeting will address several key resolutions, including the adoption of the company’s audited financial statements for 2024, the re-election of several directors, and the re-appointment of Wilson & Partners CPA Limited as the independent auditor. Additionally, the meeting will consider a resolution to authorize the directors to allot and issue additional shares, subject to certain conditions. These resolutions are crucial for the company’s governance and operational strategies moving forward.
China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced a new share placement under a general mandate. The company aims to place up to 62,400,000 new shares at a price of HK$0.241 per share, representing a discount to recent trading prices. This move could potentially increase the company’s share capital by 16.67% if fully subscribed. The expected net proceeds of approximately HK$14,100,000 will be used for working capital and future business opportunities, although the completion of the placement is subject to certain conditions.
China Wacan Group Company Limited, incorporated in the Cayman Islands, has proposed a change to its Chinese company name to better align with local business customs and legal norms in mainland China. This change aims to enhance the company’s recognition and credibility among domestic investors and business partners in mainland China. The proposed name change, which requires approval from shareholders and the Registrar of Companies in the Cayman Islands, will not affect the company’s business operations, financial position, or the rights of shareholders.
China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within various committees. The board includes both executive and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic decision-making and stakeholder relations.
China Wacan Group Company Limited announced significant changes in its executive leadership, effective May 16, 2025. The company accepted the resignations of Mr. Cheung Kwok Fai Adam, Mr. Ng Sheung Chung, and Mr. Ma Kan Sun, who stepped down to focus on other business engagements. Concurrently, Ms. Peng Yunying has been appointed as the new executive director and president, and Mr. Guo Xianjiao as an executive director and dean of Wacan Business Academy. These changes are expected to influence the company’s strategic direction in the beauty and health sector.
China Alliance Venture Limited and China Wacan Group Company Limited announced the closure of a mandatory unconditional cash offer made by Yellow River Securities Limited on behalf of China Alliance Venture Limited to acquire all issued shares of China Wacan Group, excluding those already owned or agreed to be acquired by China Alliance Venture Limited and its concert parties. The offer closed with five valid acceptances, representing approximately 1.31% of the total issued share capital, resulting in China Alliance Venture Limited and its concert parties holding approximately 63.81% of the company’s shares. The total cash consideration for the offer amounted to HK$1,049,341.5, with remittances to be dispatched to shareholders within seven business days.