8月23日，三合智能(STEC)盘中上涨5.15%，截至00:47，报0.623美元/股，成交1.03万美元，总市值 5234.88万美元。 作者：行情君 财务数据显示，截至2024年06月30日，三合智能收入总额2802.3万美元，同比增长50.79%；归母净利 润-74.3万美元，同比增长78.58%。 资料显示，三合智能控股有限公司(原海银控股有限公司)是一家以消费者为中心的科技公司。公司长期 为中国大量高净值客户提供金融服务和健康管理服务,积累了庞大的客户基础。公司已退出或处置其在 金融服务方面的历史业务,并积极探索在技术方面的创新新机会,包括但不限于新零售、社交电子商务和 虚拟世界。 本文源自：金融界 ...

资料显示，三合智能控股有限公司(原海银控股有限公司)是一家以消费者为中心的科技公司。公司长期 为中国大量高净值客户提供金融服务和健康管理服务,积累了庞大的客户基础。公司已退出或处置其在 金融服务方面的历史业务,并积极探索在技术方面的创新新机会,包括但不限于新零售、社交电子商务和 虚拟世界。 本文源自：金融界 作者：行情君 8月22日，三合智能(STEC)盘中上涨14.1%，截至22:15，报0.676美元/股，成交5631.0美元，总市值 5680.92万美元。 财务数据显示，截至2024年06月30日，三合智能收入总额2802.3万美元，同比增长50.79%；归母净利 润-74.3万美元，同比增长78.58%。 ...

8月12日，三合智能(STEC)盘中上涨6.23%，截至22:12，报0.68美元/股，成交2050.0美元，总市值 5712.00万美元。 本文源自：金融界 作者：行情君 财务数据显示，截至2024年06月30日，三合智能收入总额2802.3万美元，同比增长50.79%；归母净利 润-74.3万美元，同比增长78.58%。 资料显示，三合智能控股有限公司(原海银控股有限公司)是一家以消费者为中心的科技公司。公司长期 为中国大量高净值客户提供金融服务和健康管理服务,积累了庞大的客户基础。公司已退出或处置其在 金融服务方面的历史业务,并积极探索在技术方面的创新新机会,包括但不限于新零售、社交电子商务和 虚拟世界。 ...

8月8日，三合智能(STEC)开盘上涨2.63%，截至21:30，报0.821美元/股，成交3763.0美元，总市值 6896.40万美元。 财务数据显示，截至2024年06月30日，三合智能收入总额2802.3万美元，同比增长50.79%；归母净利 润-74.3万美元，同比增长78.58%。 资料显示，三合智能控股有限公司(原海银控股有限公司)是一家以消费者为中心的科技公司。公司长期 为中国大量高净值客户提供金融服务和健康管理服务,积累了庞大的客户基础。公司已退出或处置其在 金融服务方面的历史业务,并积极探索在技术方面的创新新机会,包括但不限于新零售、社交电子商务和 虚拟世界。 本文源自：金融界 作者：行情君 ...

资料显示，三合智能控股有限公司(原海银控股有限公司)是一家以消费者为中心的科技公司。公司长期 为中国大量高净值客户提供金融服务和健康管理服务,积累了庞大的客户基础。公司已退出或处置其在 金融服务方面的历史业务,并积极探索在技术方面的创新新机会,包括但不限于新零售、社交电子商务和 虚拟世界。 本文源自：金融界 作者：行情君 8月8日，三合智能(STEC)开盘上涨30.55%，截至21:30，报0.8美元/股，成交28.71万美元，总市值 6720.00万美元。 财务数据显示，截至2024年06月30日，三合智能收入总额2802.3万美元，同比增长50.79%；归母净利 润-74.3万美元，同比增长78.58%。 ...

Core Viewpoint - Santech Holdings Ltd. has reported a significant decline in revenues for the first half of fiscal year 2025, primarily due to the complete exit from its overseas wealth management and asset management businesses, leading to a strategic shift towards technology-focused opportunities [1][2]. Financial Performance - Total revenues from continuing operations decreased to nil from US$17.4 million in the same period of 2023, attributed to the exit from wealth and asset management businesses [2]. - General and administrative expenses from continuing operations decreased by 4.3% to US$2.4 million from US$2.5 million in the same period of 2023, due to ongoing cost-cutting and restructuring efforts [4]. - Net income from discontinued operations showed a loss of US$406,000 for the six months ended December 31, 2023, compared to a gain of US$421,000 in the same period of 2024 [21]. Discontinued Operations - The company reported total net revenues from discontinued operations of US$4.2 million for the six months ended December 31, 2023, which decreased by 72.1% to US$1.2 million in the two months ended August 31, 2024 [5][7]. - The operating costs and expenses from discontinued operations totaled US$4.5 million for the six months ended December 31, 2023, which decreased to US$868,000 in the two months ended August 31, 2024 [6]. Strategic Shift - Santech has completely exited its historical businesses in overseas wealth management and asset management as of August 2024, disposing of subsidiaries for a total consideration of US$0.6 million [6][13]. - The company is now focusing on exploring innovative opportunities in technology verticals, including consumer technologies and enterprise technologies [13].

HONG KONG, May 13, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Ltd. (“Santech” or the "Company") (NASDAQ: STEC) today announced that it has filed its annual report containing its audited combined financial statements for the fiscal year ended June 30, 2024 on Form 20-F with the Securities and Exchange Commission (the "SEC") on May 13, 2025 Eastern Time. The annual report can be accessed on Santech’s investor relations website at https://ir.santechholdings.com and on the SEC's website at http://www.sec.gov. Th ...

Financial Performance - Santech's total revenues for the year ended June 30, 2024, were $28.023 million, a 51% increase from $18.584 million in 2023[35]. - The company reported a net loss of $743,000 for the year ended June 30, 2024, compared to a net loss of $3.469 million in 2023, indicating a significant reduction in losses[35]. - Cash and cash equivalents increased to $15.184 million as of June 30, 2024, up from $12.620 million in 2023[36]. - Total operating costs and expenses for the year ended June 30, 2024, were $28.259 million, compared to $22.218 million in 2023, reflecting a 27% increase[35]. - Santech's accumulated deficit increased to $30.700 million as of June 30, 2024, from $29.957 million in 2023[33]. - The company reported a significant increase in compensation and benefits expenses, which rose to $17.259 million in 2024 from $6.486 million in 2023[35]. - Santech's total assets decreased to $16.742 million as of June 30, 2024, down from $17.354 million in 2023[33]. - The primary source of revenue for the company has shifted to distribution commissions from financial products, which were the main revenue source for the years ended June 30, 2022, 2023, and 2024[165]. - Wealth management services accounted for 86.0% of total revenues in 2024, up from 84.1% in 2023, indicating a strong focus on this segment[225]. - The company’s asset management services generated revenues of US$3,919,000 in 2024, a slight increase from US$2,952,000 in 2023, but a decrease in percentage contribution to total revenues[225]. Business Strategy and Operations - Santech terminated its contractual arrangements with Hywin Wealth Management on June 28, 2024, effectively ceasing operations in China[30]. - The company has repositioned itself to focus on consumer technology, consumer healthcare, and enterprise technology, phasing out its previous wealth and asset management services[30]. - The company has exited the wealth management and asset management businesses in the PRC as of June 28, 2024, which may impact future performance[48]. - The company is repositioning to become a technology company, focusing on consumer technology, consumer healthcare, and enterprise technology, but currently has no operational products in these sectors[49]. - The company has phased out its overseas wealth management and asset management services and is only providing customer service to historical clients[166]. - The company has ceased seeking new business in overseas wealth management and asset management services, shifting focus to consumer technology, consumer healthcare, and enterprise technology[219]. Risks and Challenges - The company may face significant risks related to manufacturing and supply chain management, which could affect product supply and service delivery[55]. - The company may need to rely on third-party intellectual property, which may not be available on commercially reasonable terms, potentially impacting product offerings[56]. - The company may face challenges in recruiting and retaining skilled personnel necessary for its new business strategies in technology sectors[54]. - The company’s historical financial results may not be indicative of future performance due to the significant restructuring and exit from previous business lines[48]. - The company’s reputation and brand recognition are crucial, and any harm could materially affect its business and financial condition[47]. - The company may face legal liabilities related to breaches of fiduciary duties in its historical asset management services, despite exiting those businesses[74]. - The company faces risks related to the privacy and confidentiality of client information, which are critical to its reputation and operations[78]. - The company has identified deficiencies in tax matter handling and reporting, which could harm its financial performance[68]. - The company may experience significant price and volume fluctuations due to variations in revenues, earnings, and user engagement data[125]. - The trading price of the company’s ADSs is likely to be volatile, influenced by market factors and the performance of other Chinese or Hong Kong companies[122]. Regulatory Environment - The evolving legal environment in China presents uncertainties that could adversely affect the company's compliance and operational stability[96][97]. - The PRC government has increased regulatory oversight in areas such as anti-monopoly, cybersecurity, and data privacy, which may significantly impact the company's operations and compliance costs[99]. - The SEC has implemented rules requiring foreign companies to certify they are not controlled by foreign governments if their auditors cannot be inspected, which could impact the company's ability to trade its securities[109]. - The Overseas Listing Trial Measures require Chinese companies to file with the CSRC for any overseas offerings, imposing additional reporting obligations that could lead to penalties if not complied with[117]. - Non-compliance with SAFE registration may result in fines and restrictions on profit distribution from PRC subsidiaries[197]. Corporate Governance - The chairman of the board, Mr. Lawrence Wai Lok, controls 66.67% of the outstanding share capital, allowing him significant influence over corporate decisions[77]. - The company is classified as a foreign private issuer, exempting it from certain U.S. securities regulations applicable to domestic issuers[151]. - The company may face difficulties in protecting shareholder interests due to the governance structure under Cayman Islands law[142]. - The company is permitted to adopt home country practices in corporate governance that may afford less protection to shareholders compared to Nasdaq Capital Market requirements[154]. Internal Controls and Compliance - Material weaknesses in internal control over financial reporting have been identified, including insufficient resources and lack of monitoring mechanisms, which could lead to inaccuracies in financial statements[84][85]. - The company has hired experienced personnel and is enhancing internal controls through technology adoption and training to address identified weaknesses[86]. - The company has established an internal compliance system to supervise service quality and regulatory compliance, but risks of misconduct remain[70]. Client and Market Dynamics - The number of active clients in overseas wealth management increased to 478 in 2024 from 885 in 2023, reflecting a decline due to disruptions in brand and operations[223]. - The company reported 545, 1,265, and 821 clients for the years ended June 30, 2022, 2023, and 2024, with active clients in wealth management services decreasing significantly due to disruptions in operations[171]. - The competitive landscape for consumer technology, healthcare, and enterprise technology is characterized by aggressive price competition and rapid technological advancements[175].

HONG KONG, March 19, 2025 (GLOBE NEWSWIRE) -- On March 17, 2025, Santech Holdings Limited (NASDAQ:STEC) (the "Company"), entered into a share subscription agreement and raised additional capital to fund its current operations. Pursuant to the share subscription agreement, the Company will issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the "Subscription Shares") for a total consideration of approximately US$1.0 million. With the approval of all independent directors o ...

HONG KONG, March 12, 2025 (GLOBE NEWSWIRE) -- Santech Holdings Limited (NASDAQ: STEC) (“Santech” or the “Company”) announced today that it received a notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. About Santech Holdings Limited Santech Holdings Limited (NASDAQ: STEC) is a consumer-focused technology company. The Company historically serve ...