Sino Splendid Holdings Limited
HHKEX:80060.10
HKD
+0.00
(+0.98%)
Sino Splendid Holdings Limited
HKEX:8006
(Hong Kong Exchange)
Recent
price
0.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
HKD
•
in mil. unless spec.Working Capital
HKD
•
in mil. unless spec.Growth Rates
HKD
•
in mil. unless spec.Semi-annual Revenue
HKD
•
in mil. unless spec.Semi-annual Earnings Per Share
HKD
•
in mil. unless spec.Semi-annual Dividends Per Share
HKD
•
in mil. unless spec.- Similar Companies
- Business
- Sino Splendid Holdings Limited Sino Splendid Holdings Limited (8006.HK), an investment holding company incorporated in the Cayman Islands and listed on the GEM board of The Stock Exchange of Hong Kong Limited, engages primarily in media publishing, events organization, securities investment, money lending, and virtual reality businesses across Hong Kong, Singapore, and the People's Republic of China. Founded in 1974 and headquartered at E168, 8th Floor, 166-168 Des Voeux Road Central, Sheung Wan, Hong Kong, the company operates through five key segments: Travel Media Business, which provides advertising services via the internet and travel magazines including TTG titles, organizes events such as IT&CM Asia and CTW Asia-Pacific, and publishes magazines focused on leisure travel, luxury travel, business travel, and MICE; Financial Magazine and Other Media Business, which delivers content and advertising services in multiple well-known financial magazines distributed in the PRC alongside internet and other media channels; Securities Investment, which involves trading and holding financial assets at fair value through profit or loss; Money Lending, which extends secured and unsecured loans to corporations and individuals at interest rates ranging from 8% to 10% per annum with principal amounts typically between HK$3.5 million and HK$4.0 million; and Virtual Reality, which previously operated related services but generated no revenue in 2024 following market challenges. Recent developments include a change in principal place of business in Hong Kong effective 25 September 2024, significant impairment provisions totaling HK$20.4 million under the expected credit loss model primarily on accounts and loan receivables amid economic pressures, a 35% revenue decline to HK$29.4 million for the year ended 31 December 2024 driven by subdued advertising demand in financial media, the cessation of virtual reality operations with subsequent deregistration of subsidiary Aolin Jingi Kongjian (Shenzhen) Jishu Co., Ltd. on 8 February 2025, and ongoing cost management initiatives that reduced administrative expenses by 81% year-over-year despite a net loss of HK$24.2 million. The company targets advertisers, event participants, securities markets, and niche lending clients including referrals from directors and partners, with no material funding rounds, acquisitions, or partnerships announced in the past two years, and maintains a lean workforce of approximately 27 employees while exploring expansion of financial magazine services into other East Asian markets.