Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 8.57B | 18.49B | 13.98B | 15.05B | 13.16B |
Gross Profit | 114.14M | 1.77B | -2.00B | 2.91B | 3.56B |
EBITDA | -329.38M | 493.41M | -3.98B | 1.54B | 2.36B |
Net Income | -2.08B | -1.32B | -5.10B | 488.45M | 860.31M |
Balance Sheet | |||||
Total Assets | 22.62B | 34.05B | 54.02B | 64.43B | 60.07B |
Cash, Cash Equivalents and Short-Term Investments | 874.66M | 1.31B | 2.60B | 4.30B | 4.19B |
Total Debt | 5.19B | 7.10B | 9.08B | 11.97B | 14.27B |
Total Liabilities | 22.46B | 31.41B | 48.58B | 53.60B | 50.80B |
Stockholders Equity | 189.58M | 2.27B | 3.74B | 7.88B | 7.25B |
Cash Flow | |||||
Free Cash Flow | -171.96M | 269.81M | 2.83B | 5.50B | 345.46M |
Operating Cash Flow | -171.42M | 285.77M | 2.85B | 5.52B | 368.90M |
Investing Cash Flow | 1.53B | 1.61B | 144.03M | -2.34B | -3.17B |
Financing Cash Flow | -1.80B | -3.18B | -4.69B | -3.06B | 5.59B |
Leading Holdings Group Limited has announced a board meeting scheduled for August 29, 2025, to review and approve the interim financial results for the first half of 2025 and discuss the potential payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial health and strategic direction, potentially impacting investor confidence and market positioning.
Leading Holdings Group Limited announced non-compliance with Hong Kong’s Listing Rules due to having an all-male board following the resignation of Ms. Luo Ying. The company is actively seeking a qualified female independent non-executive director to meet the diversity requirements of Rule 13.92. Despite challenges such as stringent qualifications and limited availability of experienced female candidates, the company aims to complete the appointment within three months to ensure a balanced and diverse board.
Leading Holdings Group Limited announced the composition of its board of directors and their roles within the company. The board includes both executive and independent non-executive directors, with Mr. Liu Yuhui serving as Chairman. The announcement also detailed the members’ participation in various board committees, highlighting the company’s governance structure.
Leading Holdings Group Limited announced the resignation of Ms. Luo Ying from her roles as an independent non-executive director and various committee positions, effective July 23, 2025, to focus on other business commitments. Her departure results in the company not meeting certain Hong Kong Stock Exchange Listing Rules regarding board and committee compositions, prompting an active search for a suitable replacement to comply with these requirements within three months.
Leading Holdings Group Limited has provided an update on its efforts to improve liquidity and financial stability, addressing a disclaimer of opinion from its auditor regarding the company’s going concern status. The company has been negotiating with lenders for loan renewals and extensions, seeking new loans, optimizing its workforce, and accelerating property sales to enhance cash flow. Despite these efforts, the company has not yet secured new financing or identified opportunities to dispose of equity interests in project development companies. The company is also working on settling outstanding litigations and restructuring offshore senior notes.
Leading Holdings Group Limited has established a Nomination Committee to be composed mainly of independent non-executive directors, with appointments made by the board. This committee is responsible for overseeing nominations and ensuring governance standards are met, which could enhance the company’s decision-making processes and strengthen its corporate governance framework.
Leading Holdings Group Limited has announced a change in its company secretary, authorized representative, and process agent roles. Ms. Yan Hoi Ling Jovian has resigned from these positions, and Ms. Ma Wing Yee has been appointed as her successor, effective June 16, 2025. Ms. Ma brings over 10 years of experience in corporate governance and company secretarial practice, which is expected to strengthen the company’s operational framework. The board expressed gratitude to Ms. Yan for her contributions and welcomed Ms. Ma to her new role.
Leading Holdings Group Limited announced the results of its annual general meeting held on May 30, 2025. The company clarified the voting results for an ordinary resolution regarding the extension of shares bought back, which passed with 99.73% approval. This announcement ensures transparency and confirms the resolutions passed at the AGM, maintaining stakeholder confidence.
Leading Holdings Group Limited announced the successful conclusion of its Annual General Meeting held on May 30, 2025, where all proposed resolutions were passed unanimously by shareholders. Key resolutions included the adoption of the company’s audited financial statements for the year ending December 31, 2024, the re-election of directors, the re-appointment of SHINEWING (HK) CPA Limited as auditors, and the granting of mandates to the board for share allotment and buyback. This unanimous approval reflects strong shareholder confidence in the company’s governance and strategic direction.