Welcome to our dedicated page for SU Group Holdings news (Ticker: SUGP), a resource for investors and traders seeking the latest updates and insights on SU Group Holdings stock.
SU Group Holdings Limited (Nasdaq: SUGP) is a leading provider of integrated security solutions specializing in advanced engineering services and AIoT-based systems. This page serves as the definitive source for verified corporate news and press releases, offering stakeholders timely updates on operational developments and strategic initiatives.
Investors and industry professionals will find comprehensive coverage of earnings announcements, technology implementations, and partnership agreements. Our curated collection includes updates on security system deployments, vocational training programs, and infrastructure projects across Hong Kong's commercial and public sectors.
Key content categories include financial performance disclosures, innovation milestones in security engineering, and strategic collaborations enhancing urban safety solutions. All information is sourced directly from official company communications to ensure reliability and compliance with financial reporting standards.
Bookmark this page for streamlined access to SU Group's latest business developments. Check regularly for updates on critical security infrastructure projects and technological advancements shaping Hong Kong's protection landscape.
SU Group Holdings (SUGP) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's shares have traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The notification does not immediately affect SUGP's listing status, and trading will continue uninterrupted. The company has been granted a 180-day compliance period until September 16, 2025, during which it must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days to regain compliance.
To address this issue, SUGP is monitoring its share price and considering various options, including a potential reverse stock split.
SU Group Holdings (Nasdaq: SUGP) has announced the successful deployment of critical access control gates at one of Asia's largest multi-purpose sports, entertainment and leisure parks. The company's access control solutions offer comprehensive security and operational benefits, including enhanced crowd management, faster entry processing, and revenue protection through unauthorized access prevention.
The system features integration capabilities with metal detectors, bag checks, and surveillance cameras, while also providing valuable data analytics for venue optimization. Chairman and CEO Dave Chan highlighted this as a 'major win' that demonstrates the strength of their operating model and positions the company for accelerated growth in 2025.
SU Group Holdings (NASDAQ: SUGP) reported strong financial results for fiscal year 2024, with revenue increasing 11.3% to HK$182.2 million (US$23.4 million) and net income growing 8.7% to HK$10.7 million (US$1.4 million). The security-related engineering services segment saw a 9.0% revenue increase to HK$107.0 million.
However, gross profit decreased slightly by 0.9% to HK$47.6 million, with gross profit margin declining to 26.1% from 29.3% in FY2023. The company's balance sheet showed improvements with trade receivables decreasing 37.5% to HK$21.9 million and cash and cash equivalents reaching HK$52.3 million. Working capital stood at approximately HK$82.1 million as of September 30, 2024.
SU Group Holdings (SUGP) has been selected to enhance security at a premier Class A office building in Hong Kong. The company will install high-security integrated lintel roller shutters, manufactured by Charter Global/U.K. and certified to LPS 1175 Issue 7 SR2 by the Loss Prevention Certification Board (LPCB).
The shutters are designed to resist forced entry attempts and feature advanced locking systems and anti-lift features. Installation is expected to complete by Q2 2025. The security solution offers multiple benefits including energy cost reduction, noise reduction, storm resistance, and enhanced property value.
CEO Dave Chan highlighted that increasing smash and grab threats and rising costs from damage and theft are driving demand for high-security roller shutters with international certification standards. The company anticipates this project will lead to significant sales growth.
SU Group Holdings (Nasdaq: SUGP) has announced a deal to sell 11 AI-aided X-ray screeners to one of Asia's largest airlines. The screeners, designed for air cargo screening, feature proprietary Threat Stopper technology that combines enhanced security, efficiency, and adaptability. The company's CEO, Dave Chan, highlighted the importance of security in aviation and expects increasing demand for AI-aided X-ray screeners due to technological advances and growing traveler numbers. The systems offer benefits including increased detection accuracy, faster processing times, consistent performance, adaptability to new threats, and potential cost savings through improved operational efficiency.
SU Group Holdings (Nasdaq: SUGP) has secured its largest-ever contract worth US$4.4 million for designing and installing an integrated security system at Hong Kong Baptist University's hostel and academic building complex. The project includes implementing security solutions for 1,700 living spaces and a four-level Creative Hub featuring an eSports stadium and advanced recording facilities. US$3.2 million will be recognized as revenue in 2024, with the remainder in 2025. The system integrates over 2,000 access control doors, CCTV, alarms, and pedestrian gates through a cloud-based, AI-enhanced operating system.
SU Group Holdings (Nasdaq: SUGP) has announced a significant agreement to install a Smart Site Safety System (4S) at a major Hong Kong hospital. This marks the company's entry into a new, government-mandated market that utilizes AI and IoT technologies to enhance workplace safety. The 4S system became mandatory in Hong Kong on July 1, 2024, aiming to prevent construction accidents in public works contracts.
SU Group's 4S system integrates AI and IoT to provide comprehensive safety features, including:
- Safety monitoring using AI-based cameras and sensors
- Centralized management with real-time dashboards
- Digitized tracking of site equipment
- Digitalized permit-to-work system for high-risk activities
- Hazardous areas access control
- Real-time alerts for unsafe situations
- Smart monitoring devices for workers
- Confined spaces monitoring system
- Enhanced safety training using virtual reality
SU Group Holdings (Nasdaq: SUGP) announced that its wholly owned unit, Shine Union , has been certified under the Good Employer Charter 2024 by Hong Kong's Labour Department. This charter recognizes the importance of human capital and work-family balance in the workplace.
The Good Employer Charter 2024 emphasizes the adoption of family-friendly employment practices to help employees manage work and family responsibilities. These practices are believed to enhance employee loyalty, efficiency, and ultimately, company competitiveness.
Dave Chan, SU Group's Chairman and CEO, expressed pride in receiving this recognition, highlighting the company's commitment to family-friendly policies. He stated that these policies create a win-win situation, supporting employees while benefiting the company through improved engagement, retention, and workplace culture. Chan also noted that such benefits make SU Group more attractive to job candidates and enhance its reputation as an employer of choice.
SU Group Holdings (Nasdaq: SUGP) has entered into a joint development MOU with UrbanChain Group to collaborate on integrated AIoT car parking, security, and access control solutions in Hong Kong, Macao, and other South East Asian markets. The partnership aims to leverage EV charging to drive demand for automatic car park and fee collection systems.
Key aspects of the collaboration include:
- Joint design of a comprehensive trial to evaluate integrated platform capabilities
- Exploration of monetization opportunities in parking, EV charging, access control, security, and mobility
- UrbanChain providing cutting-edge software and hardware solutions
- SU Group contributing security, access control, and traffic management technologies
- Potential direct investment by SU Group in UrbanChain's growth
This strategic partnership aligns with SU Group's focus on expanding its addressable market, driving revenue growth, and enhancing shareholder value.
SU Group Holdings (Nasdaq: SUGP) announced that its wholly owned unit, Shine Union , has received a prestigious workplace quality award from The Employees Retraining Board (ERB). The ERB's Manpower Developer Award recognizes organizations with outstanding achievements in manpower training and development.
More than 500 organizations from over 30 industries have been accredited as Manpower Developers under ERB's program. The initiative aims to promote the importance of manpower training and development in Hong Kong's business community.
Dave Chan, SU Group's Chairman and CEO, emphasized that this award acknowledges the company's commitment to employee training and development. He stated that investing in training is a strategic decision contributing to SU Group's overall growth, improved performance, higher retention, and competitive advantage.
