Neo-Concept announces 5-for-1 share cosolidation
Share Consolidation Approval: Neo-Concept's Extraordinary General Meeting on May 9 approved a share consolidation, converting every five shares into one, changing the authorized share capital to $50,000 with 160,000,000 shares of par value $0.0003125 each.
Effective Date and Trading Information: The consolidation will take effect by July 1, 2025, and will be reflected in the Nasdaq Capital Market starting June 16, 2025, with Class A Ordinary Shares continuing to trade under the symbol "NCI."
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Neo-Concept International Reports Decreased Revenue and Increased Net Income for First Half of 2025
Revenue Decline: Neo-Concept International Group Holdings reported a 24% decrease in revenue to HK$60.2 million for the first half of 2025, primarily due to a 51.7% drop in private-label apparel sales linked to U.S.-China customs issues.
Growth in Owned-Brand Sales: The decline in overall revenue was partially offset by a 138.8% increase in owned-brand retail sales, reaching HK$27.5 million, attributed to new store openings.
Net Income Increase: The company's net income rose to HK$2.0 million from HK$1.4 million, supported by higher gross profit, with earnings per share increasing to HK$0.50 from HK$0.37.
Rising Expenses and Tax: Selling, general, and administrative expenses increased by 48.33% to HK$23.5 million, while other income fell by 47.1% to HK$1.2 million, and income tax expenses were reported at HK$0.9 million compared to none the previous year.
American Eagle Shares Surge Nearly 23%; Check Out 20 Stocks Making Moves in Premarket Trading
American Eagle Outfitters Financial Results: American Eagle Outfitters, Inc. reported second-quarter revenue of $1.28 billion and earnings of 45 cents per share, both exceeding analyst expectations, leading to a 23.2% increase in share price during pre-market trading.
Other Notable Stock Movements: Several stocks saw significant pre-market trading movements, including BrilliA Inc. which rose 150.4%, and Bolt Projects Holdings, Inc. which gained 118%, while Neonode Inc. experienced a sharp decline of 80.2%.
Salesforce and Asana Performance: Salesforce Inc. and Asana, Inc. both reported better-than-expected second-quarter results, with Salesforce raising its FY2026 guidance despite a dip in share price, while Asana surged 7.8% after increasing its FY26 guidance.
Market Trends: The pre-market trading session showed a mix of gains and losses among various stocks, with notable declines in companies like C3.ai and GitLab Inc., which reported disappointing earnings and guidance.
NCI Rallies Back: Nasdaq Compliance Regained
Regaining Compliance: Neo-Concept International Group Holdings Limited has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2) ahead of the deadline, following a previous notification regarding its share price not meeting the minimum requirement.
Commitment to Sustainability: The company emphasizes its dedication to strong corporate governance and environmental sustainability through eco-friendly practices in its apparel supply chain operations.
Upcoming Stock Splits This Week (June 16 to June 20) – Stay Invested
Upcoming Stock Splits: Several companies, including Jianzhi Education Technology Group and GlycoMimetics, are implementing stock splits or reverse stock splits between June 16 and June 20 to maintain compliance with Nasdaq listing requirements or to attract investor interest.
Types of Stock Splits: A stock split increases the number of shares while lowering the price per share, making stocks more affordable, whereas a reverse stock split reduces the number of shares and raises the price per share, often used to avoid delisting from stock exchanges.
Why Toll Brothers Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket
Toll Brothers Earnings Report: Toll Brothers, Inc. shares rose 6.1% in pre-market trading after reporting quarterly earnings of $3.50 per share, significantly surpassing analyst expectations of $2.92, along with revenue of $2.71 billion exceeding estimates.
Stock Movements: Several stocks experienced notable pre-market movements, including Biodesix, Inc. rising 73.6% and Wolfspeed, Inc. dropping 55% amid bankruptcy reports, highlighting a volatile trading environment.
Neo-Concept International Launches Les100Ciels Store in Abu Dhabi: A New Chapter in MENA!
Store Opening Announcement: Neo-Concept International Group Holdings Limited has opened its first Les100Ciels store in the MENA region at The Galleria Al Maryah Island in Abu Dhabi, marking a significant expansion following their joint venture with Liwa Trading Enterprises LLC.
Commitment to Sustainability: NCI emphasizes its dedication to eco-friendly practices in the apparel industry, focusing on minimizing environmental impact through recycling and sustainable sourcing while providing a unique shopping experience for customers.
Neo-Concept International Reports Decreased Revenue and Increased Net Income for First Half of 2025
Revenue Decline: Neo-Concept International Group Holdings reported a 24% decrease in revenue to HK$60.2 million for the first half of 2025, primarily due to a 51.7% drop in private-label apparel sales linked to U.S.-China customs issues.
Growth in Owned-Brand Sales: The decline in overall revenue was partially offset by a 138.8% increase in owned-brand retail sales, reaching HK$27.5 million, attributed to new store openings.
Net Income Increase: The company's net income rose to HK$2.0 million from HK$1.4 million, supported by higher gross profit, with earnings per share increasing to HK$0.50 from HK$0.37.
Rising Expenses and Tax: Selling, general, and administrative expenses increased by 48.33% to HK$23.5 million, while other income fell by 47.1% to HK$1.2 million, and income tax expenses were reported at HK$0.9 million compared to none the previous year.
American Eagle Shares Surge Nearly 23%; Check Out 20 Stocks Making Moves in Premarket Trading
American Eagle Outfitters Financial Results: American Eagle Outfitters, Inc. reported second-quarter revenue of $1.28 billion and earnings of 45 cents per share, both exceeding analyst expectations, leading to a 23.2% increase in share price during pre-market trading.
Other Notable Stock Movements: Several stocks saw significant pre-market trading movements, including BrilliA Inc. which rose 150.4%, and Bolt Projects Holdings, Inc. which gained 118%, while Neonode Inc. experienced a sharp decline of 80.2%.
Salesforce and Asana Performance: Salesforce Inc. and Asana, Inc. both reported better-than-expected second-quarter results, with Salesforce raising its FY2026 guidance despite a dip in share price, while Asana surged 7.8% after increasing its FY26 guidance.
Market Trends: The pre-market trading session showed a mix of gains and losses among various stocks, with notable declines in companies like C3.ai and GitLab Inc., which reported disappointing earnings and guidance.
NCI Rallies Back: Nasdaq Compliance Regained
Regaining Compliance: Neo-Concept International Group Holdings Limited has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2) ahead of the deadline, following a previous notification regarding its share price not meeting the minimum requirement.
Commitment to Sustainability: The company emphasizes its dedication to strong corporate governance and environmental sustainability through eco-friendly practices in its apparel supply chain operations.
Upcoming Stock Splits This Week (June 16 to June 20) – Stay Invested
Upcoming Stock Splits: Several companies, including Jianzhi Education Technology Group and GlycoMimetics, are implementing stock splits or reverse stock splits between June 16 and June 20 to maintain compliance with Nasdaq listing requirements or to attract investor interest.
Types of Stock Splits: A stock split increases the number of shares while lowering the price per share, making stocks more affordable, whereas a reverse stock split reduces the number of shares and raises the price per share, often used to avoid delisting from stock exchanges.
Why Toll Brothers Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket
Toll Brothers Earnings Report: Toll Brothers, Inc. shares rose 6.1% in pre-market trading after reporting quarterly earnings of $3.50 per share, significantly surpassing analyst expectations of $2.92, along with revenue of $2.71 billion exceeding estimates.
Stock Movements: Several stocks experienced notable pre-market movements, including Biodesix, Inc. rising 73.6% and Wolfspeed, Inc. dropping 55% amid bankruptcy reports, highlighting a volatile trading environment.
Neo-Concept International Launches Les100Ciels Store in Abu Dhabi: A New Chapter in MENA!
Store Opening Announcement: Neo-Concept International Group Holdings Limited has opened its first Les100Ciels store in the MENA region at The Galleria Al Maryah Island in Abu Dhabi, marking a significant expansion following their joint venture with Liwa Trading Enterprises LLC.
Commitment to Sustainability: NCI emphasizes its dedication to eco-friendly practices in the apparel industry, focusing on minimizing environmental impact through recycling and sustainable sourcing while providing a unique shopping experience for customers.
