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SMIT Holdings
(2239)
SMIT Holdings (2239) vs. S&P 500 (SPY)
SMIT Holdings Business Overview & Revenue Model
SMIT Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 22.47M | 29.41M | 36.25M | 37.79M | 38.10M | Gross Profit |
| 8.38M | 12.14M | 17.13M | 13.31M | 15.27M | EBIT |
| -4.55M | -12.67M | -3.02M | -4.32M | -8.12M | EBITDA |
| -9.40M | 83.26M | 6.42M | -1.56M | -6.00M | Net Income Common Stockholders |
| -13.90M | 57.19M | 9.84M | -3.43M | 10.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 20.57M | 48.23M | 18.80M | 46.48M | 70.90M | Total Assets |
| 195.94M | 247.24M | 232.03M | 232.53M | 177.47M | Total Debt |
| 868.45K | 18.59M | 30.96M | 38.85M | 1.11M | Net Debt |
| -15.33M | -29.64M | 12.16M | -7.63M | -69.80M | Total Liabilities |
| 24.44M | 59.65M | 93.65M | 106.22M | 53.87M | Stockholders Equity |
| 169.59M | 185.39M | 135.95M | 123.97M | 121.63M |
| Cash Flow | Free Cash Flow | |||
| -13.01M | 20.46M | -9.01M | -48.30M | 28.64M | Operating Cash Flow |
| -12.55M | 26.74M | 9.52M | -6.51M | 31.93M | Investing Cash Flow |
| 2.62M | 12.61M | -26.29M | -55.81M | -9.37M | Financing Cash Flow |
| -17.08M | -9.67M | -11.34M | 35.68M | -5.96M |
SMIT Holdings Technical Analysis
SMIT Holdings Peers Comparison
SMIT Holdings Corporate Events
SMIT Holdings Limited announced the composition of its board of directors, which includes eight members with various roles across executive, non-executive, and independent non-executive positions. The announcement highlights the leadership structure and the roles within the board committees, potentially impacting the company’s governance and strategic direction.
SMIT Holdings Limited has announced the retirement of Mr. Loong, Manfred Man-tsun from his roles as Executive Director, President, and Chief Financial Officer, effective April 30, 2025. Mr. Loong will continue to serve as an advisor post-retirement, and the board has expressed its gratitude for his contributions. This transition is expected to be smooth, with no disagreements reported between Mr. Loong and the board, ensuring stability for stakeholders.
SMIT Holdings Limited has appointed Ms. Zhang Min as an independent non-executive director and a member of the nomination committee, effective from April 29, 2025. Ms. Zhang brings extensive experience in electronic engineering and academia, having held significant roles at institutions such as Peking University and the Hong Kong Applied Science and Technology Research Institute. Her appointment is expected to strengthen the company’s governance and contribute to its strategic direction, leveraging her expertise in semiconductor devices and advanced display technologies.
SMIT Holdings Limited, a company incorporated in the Cayman Islands, has announced its current board of directors, which comprises nine members. The announcement details the roles and functions of each director, highlighting the composition of various board committees such as the Audit, Remuneration, and Nomination Committees. This update is crucial for stakeholders as it provides insights into the governance structure of the company, potentially impacting its strategic direction and operational oversight.
SMIT Holdings Limited has announced its upcoming annual general meeting, where shareholders will consider several key resolutions. These include the adoption of the company’s audited financial statements for 2024, the declaration of a final dividend, and the re-election of several directors. Additionally, the company plans to re-appoint PricewaterhouseCoopers as its auditor and authorize the board to fix their remuneration. The meeting will also address the authorization of directors to allot and issue shares, reflecting the company’s strategic focus on maintaining flexibility in capital management.
SMIT Holdings Limited announced its consolidated results for the year ending December 31, 2024, revealing a significant decline in revenue and an increase in net losses compared to the previous year. The company reported a substantial operating loss and a decrease in gross profit, indicating financial challenges that may impact its market positioning and stakeholder confidence.
SMIT Holdings Limited has announced a final cash dividend of HKD 0.01 per share for the financial year ending December 31, 2024. The dividend will be paid on June 23, 2025, following shareholder approval on May 30, 2025. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders.
SMIT Holdings Limited has issued a profit warning, indicating an expected loss of up to US$39 million for the year ending December 31, 2024, compared to a loss of approximately US$14 million in the previous year. This increase in losses is primarily due to the company’s share of losses from associated companies, driven by ongoing R&D investments, and re-valuation losses on certain investee companies. These losses are non-cash and will not affect the company’s cash flow management. The final annual results are still being finalized and have not yet been reviewed by auditors.
SMIT Holdings Limited, a company incorporated in the Cayman Islands, has announced that its board of directors will convene on March 27, 2025. The meeting’s agenda includes reviewing and approving the annual financial results for the year ending December 31, 2024, and discussing the potential declaration of a final dividend.