VSTECS Holdings Limited logo

VSTECS Holdings Limited

0856.HK

HKSETechnologyInformation Technology Services

Latest quote

HK$9.075

−HK$0.545 · -5.67%

Aug 24, 1:44 PM HKT

0856.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding enterprise, VSTECS Holdings Limited specializes in cultivating information technology (IT) product distribution channels and providing sophisticated technical solution integration services throughout North Asia and Southeast Asia. The company's operations are structured into three main divisions. The Enterprise Systems segment offers foundational IT infrastructure components such as middleware, operating systems, Unix/NT servers, databases, and storage equipment. This division also provides end-to-end services, including IT infrastructure design, deployment, training, maintenance, and technical support. Its Consumer Electronics segment encompasses a wide array of finished IT products, including personal computers, mobile phones, drones, smart sports watches, 3D printers, and game consoles. Additionally, the Cloud Computing segment delivers various cloud-based solutions and related services. Beyond these core areas, VSTECS is involved in the retail of IT products, equipment, and accessories, alongside import and export activities. It also extends services like supply chain management, warehouse logistics, electronic settlement processing, project investment, and market research. The company caters to a broad clientele, ranging from individual users and small and medium-sized enterprises to major corporations and government organizations, utilizing a vast distribution network of resellers such as retailers, system integrators, and corporate dealers. Founded in 1991 and based in Central, Hong Kong, the company rebranded from VST Holdings Limited to VSTECS Holdings Limited in June 2017.

Industry
Information Technology Services
Sector
Technology
Headquarters
HK
CEO
Jialin Li
Listed since
May 10, 2002
Employees
5,639

Market position

Day range

Current HK$9.075

52-week range

Current HK$9.075

Open
HK$9.63
Previous close
HK$9.62
Volume
3.78M
0.6× average
Average volume
6.29M
Average daily volume
Market cap
12.98B HKD
Beta
0.47
Market reference 1
50-day average
HK$9.585
-5.32% below average
200-day average
HK$8.9895
+0.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
15.14B HKD
EV / EBITDA
7.9×
Earnings yield
12.52%
Free cash flow yield
14.89%

Profitability & efficiency

Return on equity
13.35%
Return on assets
3.15%
Return on invested capital
8.45%

Financial health

Current ratio
1.31×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends5%4%2%1%Gross margin, FY2021: 4.64%Gross margin, FY2022: 4.36%Gross margin, FY2023: 4.73%Gross margin, FY2024: 4.41%Gross margin, FY2025: 4.46%Operating margin, FY2021: 2.12%Operating margin, FY2022: 1.72%Operating margin, FY2023: 1.94%Operating margin, FY2024: 1.91%Operating margin, FY2025: 2.03%Net margin, FY2021: 1.68%Net margin, FY2022: 1.06%Net margin, FY2023: 1.25%Net margin, FY2024: 1.18%Net margin, FY2025: 1.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 4.64%. Gross margin FY2022 4.36%. Gross margin FY2023 4.73%. Gross margin FY2024 4.41%. Gross margin FY2025 4.46%. Operating margin FY2021 2.12%. Operating margin FY2022 1.72%. Operating margin FY2023 1.94%. Operating margin FY2024 1.91%. Operating margin FY2025 2.03%. Net margin FY2021 1.68%. Net margin FY2022 1.06%. Net margin FY2023 1.25%. Net margin FY2024 1.18%. Net margin FY2025 1.39%.

Income trends

Revenue

97.63B HKD+9.59%

Operating income

1.99B HKD+16.90%

Net income

1.35B HKD+28.66%
Income trends across reported periods107.31B HKD68.59B HKD29.86B HKD−8.86B HKDRevenue, FY2021: 78.34B HKDRevenue, FY2022: 77.32B HKDRevenue, FY2023: 73.89B HKDRevenue, FY2024: 89.09B HKDRevenue, FY2025: 97.63B HKDOperating income, FY2021: 1.66B HKDOperating income, FY2022: 1.33B HKDOperating income, FY2023: 1.44B HKDOperating income, FY2024: 1.7B HKDOperating income, FY2025: 1.99B HKDNet income, FY2021: 1.31B HKDNet income, FY2022: 823.07M HKDNet income, FY2023: 922.03M HKDNet income, FY2024: 1.05B HKDNet income, FY2025: 1.35B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 78.34B HKD. Revenue FY2022 77.32B HKD. Revenue FY2023 73.89B HKD. Revenue FY2024 89.09B HKD. Revenue FY2025 97.63B HKD. Operating income FY2021 1.66B HKD. Operating income FY2022 1.33B HKD. Operating income FY2023 1.44B HKD. Operating income FY2024 1.7B HKD. Operating income FY2025 1.99B HKD. Net income FY2021 1.31B HKD. Net income FY2022 823.07M HKD. Net income FY2023 922.03M HKD. Net income FY2024 1.05B HKD. Net income FY2025 1.35B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue97.63B HKD89.09B HKD73.89B HKD77.32B HKD78.34B HKD
Cost of goods sold93.27B HKD85.16B HKD70.39B HKD73.95B HKD74.7B HKD
Gross profit4.35B HKD3.93B HKD3.5B HKD3.37B HKD3.64B HKD
Selling, general, and administrative2.5B HKD2.27B HKD2.07B HKD2.06B HKD2.04B HKD
Operating expenses2.37B HKD2.23B HKD2.06B HKD2.06B HKD2.04B HKD
Interest income32.54M HKD38.3M HKD29.26M HKD20.17M HKD20.57M HKD
Interest expense368.03M HKD404.24M HKD340.05M HKD258.49M HKD146.52M HKD
Depreciation and amortization58.59M HKD47.32M HKD118.05M HKD142.22M HKD132.16M HKD
Operating income1.99B HKD1.7B HKD1.44B HKD1.33B HKD1.66B HKD
Net income1.35B HKD1.05B HKD922.03M HKD823.07M HKD1.31B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.66

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.70.530.360.19Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 23, 2023: actual 0.221, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 24, 2023: actual 0.356, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 21, 2024: actual 0.292, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 21, 2024: actual 0.326, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 0.431, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual 0.441, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 0.54, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual 0.659, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates54.69B47.1B39.52B31.93BQ1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 23, 2023: actual 39.26B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 24, 2023: actual 34.03B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 21, 2024: actual 39.86B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 21, 2024: actual 40.08B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 49B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual 45.52B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 52.08B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual 52.58B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.257

2025 complete year+16.8% since 2021

2026 partial: HK$0.4177

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 28, 2026

HK$0.4177

Annual

Record Jun 1, 2026 · Payment Jul 3, 2026

Dividend

Ex-dividend May 29, 2025

HK$0.257

Annual

Record Jun 2, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Jun 6, 2024

HK$0.257

Annual

Record Jun 7, 2024 · Payment Jul 12, 2024

Dividend

Ex-dividend May 31, 2023

HK$0.17

Annual

Record Jun 1, 2023 · Payment Jul 6, 2023

Dividend

Ex-dividend Jun 1, 2022

HK$0.27

Annual

Record Jun 2, 2022 · Payment Jul 7, 2022

Dividend

Ex-dividend May 31, 2021

HK$0.22

Annual

Record Jun 1, 2021 · Payment Jul 7, 2021

0856.HK peers

ETFs holding 0856.HK

Funds reporting this stock among their holdings, ordered by reported position size.

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