Overview
- IndustryServices-Advertising1
- HeadquartersHong Kong, Hong Kong1
- Incorporated inDE2
- Business address13Th Floor, Spa Centre, 53-55 Lockhart Road, Wan Chai, Hong Kong, K3 000002
- Filer categoryNon-accelerated filer, Smaller reporting company2
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PRC entity and no VIEs conduct business. Since 2010, we conduct 100% of our business through our wholly owned subsidiaries in PRC.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue68¢$436.7K
- Interest32¢$206.9K
Out of $446.0K in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $106.5K5 | $446.0K5 | |||||
| Cost of revenue | $82.9K5 | $436.7K5 | |||||
| Gross profit | $23.6K5 | $9.4K5 | |||||
| Operating expenses | $696.5K10 | $655.9K5 | $1.2M5 | ||||
| Operating income | -$272.1K6 | -$358.8K7 | -$317.1K8 | -$292.5K9 | -$696.5K10 | -$632.3K5 | -$1.1M5 |
| Interest | $544.9K6 | $566.9K7 | $576.6K8 | $532.6K9 | $519.9K9 | $192.2K5 | $206.9K5 |
| Income before tax | -$1.2M10 | -$925.3K5 | -$1.9M5 | ||||
| Net income | -$770.0K6 | -$818.2K7 | -$893.7K8 | $4.9M9 | -$1.2M10 | -$925.3K5 | -$1.9M5 |
| Earnings per share | -$0.1110 | -$0.045 | -$0.095 | ||||
| Earnings per share (diluted) | -$0.1110 | -$0.045 | -$0.095 | ||||
| Shares (weighted, basic) | 11.0M shares10 | 21.0M shares5 | 22.3M shares5 | ||||
| Shares (weighted, diluted) | 11.0M shares10 | 21.0M shares5 | 22.3M shares5 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $5.5K9 | $09 | $010 | $05 | $5.3K5 | ||
| Current assets | $107.2K6 | $122.9K7 | $105.5K8 | $106.0K9 | $41.5K10 | $103.2K5 | $186.1K5 |
| Property, plant and equipment | $2.6K10 | $2.4K5 | $1.1K5 | ||||
| Intangible assets | $306.0K10 | $609.8K5 | |||||
| Total assets | $109.7K6 | $124.3K7 | $105.9K8 | $106.6K9 | $119.7K10 | $484.0K5 | $835.4K5 |
| Short-term debt | $3.0M10 | $128.2K5 | |||||
| Current liabilities | $11.5M6 | $11.9M7 | $12.7M8 | $7.2M9 | $5.6M10 | $4.0M5 | $5.1M5 |
| Long-term liabilities | $675.6K10 | $2.8M5 | $2.9M5 | ||||
| Total liabilities | $11.5M6 | $11.9M7 | $12.7M8 | $7.9M9 | $6.3M10 | $6.8M5 | $7.9M5 |
| Retained earnings | -$138.5M10 | -$139.4M5 | -$141.3M5 | ||||
| Shareholders’ equity | -$11.4M7 | -$11.8M8 | -$12.6M9 | -$7.8M10 | -$6.2M5 | -$6.3M5 | -$7.1M5 |
| Shares outstanding | 8.0M shares6 | 8.7M shares7 | 8.8M shares8 | 8.8M shares9 | 20.7M shares10 | 20.7M shares5 | 22.5M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$165.6K6 | -$484.1K7 | -$125.1K8 | -$665.7K9 | -$441.1K10 | -$198.4K5 | -$298.8K5 |
| Depreciation and amortization | $15.1K10 | $1.3K5 | $1.4K5 | ||||
| Stock-based compensation | $217.5K10 | $24.0K5 | $44.6K5 | ||||
| Capital spending | $2.6K6 | $6179 | $2.4K10 | $1.1K10 | |||
| Free cash flow | -$168.3K | -$666.3K | -$443.6K | -$199.5K | |||
| Cash from investing | -$2.4K10 | -$1.1K5 | |||||
| Cash from financing | $459.1K10 | $197.2K5 | $278.4K5 |
Corporate structure
NETWORK CN INC sits at the top of its group. 7 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- NETWORK CN INC Hong Kong, Hong Kong
- Cityhorizon Limited Subsidiary · Hong Kong
- Crown Eagle Investment Limited Subsidiary · Hong Kong
- NCN Group (Global) Limited Subsidiary · Hong Kong
- NCN Group Limited Subsidiary · British Virgin Islands
- NCN Group Management Limited Subsidiary · Hong Kong
- NCN Media Services Limited Subsidiary · British Virgin Islands
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NETWORK CN INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $3.1K5 Dec 31, 2023 | $1.7K5 Dec 31, 2022 | +81.2% |
| Property and equipment, net | $1.1K5 Dec 31, 2023 | $2.4K5 Dec 31, 2022 | −56.5% |
| Operating-lease assets (leased space) | $38.5K5 Dec 31, 2023 | $72.4K5 Dec 31, 2022 | −46.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $05 Dec 31, 2022 | $010 Dec 31, 2021 | |
| Deposits held (banks) | $4.3K5 Dec 31, 2023 | $18.8K5 Dec 31, 2022 | −77.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $306.0K10 Dec 31, 2022 | ||
| Finite-lived intangibles, gross | $956.4K5 Dec 31, 2023 | $333.8K5 Dec 31, 2022 | +186.5% |
| Accumulated amortization | -$346.6K5 Dec 31, 2023 | -$27.8K5 Dec 31, 2022 | −1146.1% |
| Finite-lived intangibles, net | $609.8K5 Dec 31, 2023 | $306.0K5 Dec 31, 2022 | +99.3% |
Leadership
Who has led NETWORK CN INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2010201520202025
- Chief executive officerGodfrey Chin Tong Hui Feb 14, 2006 to Dec 27, 201013
- PresidentBenedict Fung Mar 28, 2006 to Feb 5, 200814
- Chief financial officerSze Ki Shirley Cheng Apr 13, 2017 to Jan 6, 202215
- Chief financial officerJennifer Fu Aug 11, 2009 to Aug 11, 200916
- Chief financial officerDaley Mok Mar 28, 2006 to Mar 17, 200917
Board members and other officers (15)
- Board memberFrederick Wong Apr 13, 2017 to Jan 6, 202218
- Board memberSze Ki Shirley Cheng Apr 13, 2017 to Jan 6, 202215
- Board memberWing Kong Wong Apr 13, 2017 to Jan 6, 202219
- Board memberSerge Choukroun Aug 24, 2010 to Nov 29, 201120
- Board memberRonald Lee Jul 13, 2009 to Nov 29, 201121
- Board memberGerald Godfrey Aug 20, 2009 to Apr 16, 201322
- Board memberDaley Mok Apr 30, 2007 to Mar 17, 200923
- Board memberEdward Lu Sep 10, 2007 to Mar 17, 200924
- Board memberJoachim Burger Sep 10, 2007 to Mar 17, 200925
- Board memberPeter Mak Sep 10, 2007 to Aug 11, 200926
- Board memberRonglie Xu Sep 10, 2007 to Mar 17, 200927
- Board memberGerd Jakob Sep 11, 2007 to Mar 17, 200928
- Board memberDaniel Kuen Kwok So Jan 12, 2006 to Feb 5, 200829
- Board memberGodfrey Chin Tong Hui Feb 14, 2006 to Dec 27, 201013
- Board memberStanley Chu Jun 8, 2006 to Feb 5, 200830
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Cityhorizon Limited Hong Kong3
- Crown Eagle Investment Limited Hong Kong3
- NCN Group (Global) Limited Hong Kong3
- NCN Group Limited British Virgin Islands3
- NCN Group Management Limited Hong Kong3
- NCN Media Services Limited British Virgin Islands3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jul 21, 20258-K Change of auditor31
- Nov 4, 20248-K Entered a material agreement32
- May 10, 20248-K Executive or director change33
- Oct 31, 20238-K Change of auditor34
- May 12, 20238-K Completed an acquisition or sale; Unregistered sale of shares35
- Apr 26, 20238-K Completed an acquisition or sale; Unregistered sale of shares36
- Feb 6, 20238-K Unregistered sale of shares37
- Oct 7, 20228-K Change of auditor38
- Sep 23, 20228-K Change of auditor39
- Feb 24, 20228-K Change of auditor40
- Jan 21, 20228-K Listing notice or transfer; Unregistered sale of shares41
- Jan 5, 20228-K Executive or director change42
- Feb 14, 2006New chief executive Godfrey Chin Tong Hui becomes CEO13
Filings
55 filings to the SEC since October 2021: 6 annual reports, 11 quarterly reports, 12 major events, 4 insider forms, 22 other. The latest 20:
- Nov 18, 2025NT 10-Q EDGAR
- Aug 22, 2025NT 10-Q EDGAR
- Jul 21, 20258-K EDGAR
- May 15, 2025NT 10-Q EDGAR
- Mar 28, 2025NT 10-K EDGAR
- Nov 21, 202410-Q EDGAR
- Nov 15, 2024NT 10-Q EDGAR
- Nov 4, 20248-K EDGAR
- Aug 30, 202410-Q EDGAR
- Aug 16, 2024NT 10-Q EDGAR
- May 17, 202410-Q EDGAR
- May 16, 2024NT 10-Q EDGAR
- May 10, 20248-K EDGAR
- May 1, 202410-K EDGAR
- Mar 28, 2024NT 10-K EDGAR
- Jan 18, 2024S-8 EDGAR
- Jan 4, 2024DEF 14C EDGAR
- Dec 20, 2023PRE 14C EDGAR
- Nov 14, 202310-Q EDGAR
- Oct 31, 20238-K EDGAR
The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How NETWORK CN INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNETWORK CN INC1
- CIK0000934796
- Employer ID (EIN)11-31770421
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)7310 Services-Advertising1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address13Th Floor, Spa Centre, 53-55 Lockhart Road, Wan Chai, Hong Kong, K3 000001
- Phone852 9029 05861
- Shares outstanding25,088,592 as of Nov 15, 202412
- Public float$11.9M as of Jun 30, 20235
- On EDGAR sinceSep 3, 19991
- Filings485 in all: 8-K (101), 4 (69), 10-Q (51), 3 (36), 10QSB (25), 8-K/A (18), DEF 14C (18), PRE 14C (18)1
All 36 form types
UPLOAD (17), 10-K (16), NT 10-Q (16), NT 10-K (13), CORRESP (10), S-8 (9), 10KSB (8), 10-K/A (6), 10QSB/A (6), SC 13D (6), SC 13G/A (5), 10-Q/A (4), 5 (4), DEF 14A (4), 10SB12G/A (3), 3/A (3), SC 13D/A (3), 10KSB/A (2), PRE 14A (2), S-8 POS (2), SC 13G (2), SC 14F1 (2), 10SB12G (1), DEFA14C (1), DEFR14A (1), REGDEX (1), RW (1), SB-2 (1)
- Latest filingsAnnual report (10-K) May 1, 2024
Quarterly report (10-Q) Nov 21, 2024
Proxy statement (DEF 14A) May 26, 2009
Latest 8-K (8-K) Jul 21, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNETWORK CN INC filings on SEC EDGAR
- 2SEC EDGARNETWORK CN INC filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARNETWORK CN INC 10-K for fiscal 2023
- 6SEC EDGARNETWORK CN INC 10-K for fiscal 2017
- 7SEC EDGARNETWORK CN INC 10-K for fiscal 2018
- 8SEC EDGARNETWORK CN INC 10-K for fiscal 2019
- 9SEC EDGARNETWORK CN INC 10-K for fiscal 2020
- 10SEC EDGARNETWORK CN INC 10-K for fiscal 2021
- 11SEC EDGARNETWORK CN INC 10-Q for fiscal 2024
- 12SEC EDGARNETWORK CN INC 10-Q for fiscal 2024
- 13
- 14SEC EDGARBenedict Fung, President
- 15
- 16SEC EDGARJennifer Fu, Chief financial officer
- 17SEC EDGARDaley Mok, Chief financial officer
- 18SEC EDGARFrederick Wong, Board member
- 19SEC EDGARWing Kong Wong, Board member
- 20SEC EDGARSerge Choukroun, Board member
- 21SEC EDGARRonald Lee, Board member
- 22SEC EDGARGerald Godfrey, Board member
- 23SEC EDGARDaley Mok, Board member
- 24SEC EDGAREdward Lu, Board member
- 25SEC EDGARJoachim Burger, Board member
- 26SEC EDGARPeter Mak, Board member
- 27SEC EDGARRonglie Xu, Board member
- 28SEC EDGARGerd Jakob, Board member
- 29SEC EDGARDaniel Kuen Kwok So, Board member
- 30SEC EDGARStanley Chu, Board member
- 31SEC EDGARChange of auditor
- 32SEC EDGAREntered a material agreement
- 33SEC EDGARExecutive or director change
- 34SEC EDGARChange of auditor
- 35
- 36
- 37SEC EDGARUnregistered sale of shares
- 38SEC EDGARChange of auditor
- 39SEC EDGARChange of auditor
- 40SEC EDGARChange of auditor
- 41
- 42SEC EDGARExecutive or director change