Hengxin Technology Ltd. logo

Hengxin Technology Ltd.

1085.HK

HKSETechnologyCommunication Equipment

Latest quote

HK$1.68

−HK$0.02 · -1.18%

Aug 24, 3:49 PM HKT

1085.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Established in 1996 and headquartered in Singapore, Hengxin Technology Ltd. functions as an investment holding company focused on the research, development, design, and manufacturing of telecommunications and technological products. Its operations span the People's Republic of China, India, and international markets. The company's core business centers on the manufacturing of radio frequency (RF) coaxial cables vital for mobile communications and related mobile communication infrastructure. Organized into three distinct segments—RF Coaxial Cables, Telecommunication Equipment and Accessories, and Antennas—Hengxin's product portfolio is comprehensive. Its RF coaxial cables are instrumental in the high-frequency signal transmission between antennas and base station equipment, facilitating both outdoor and indoor wireless signal coverage. They are also designed to emit high-frequency signals in challenging environments like tunnels, railways, highways, underground car parks, elevators, and high-rise buildings, guaranteeing broad wireless access. The company further supplies coaxial cables for telecommunications equipment, supporting signal transmission within microwave communications, radio broadcast wireless systems, and air/sea radar systems. Additionally, it provides critical accessories, such as connectors and jumper cables, for wireless signal coverage systems within base stations. In its Antennas segment, Hengxin develops antennas crucial for wireless communication signal transmission. It also supplies high-temperature resistant cables, which serve as essential raw materials for antenna production, and offers antenna testing services. Beyond its product lines, Hengxin provides technical services for antennas and associated mobile communication systems. The company also engages in trading, investment, and enterprise management consulting. Its primary clientele includes telecommunications operators and equipment manufacturers.

Industry
Communication Equipment
Sector
Technology
Headquarters
SG
CEO
Yinan Peng
Listed since
Dec 23, 2010
Employees
1,276

Market position

Volume
22K
0.16× average
Average volume
140.11K
Average daily volume
Market cap
782.21M HKD
Beta
0.05
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.54B CNY
P/E (TTM)
-17.19×
P/B (TTM)
0.39×
P/S (TTM)
0.3×
EV / EBITDA
9.47×
Earnings yield
-7.41%
Free cash flow yield
-54.91%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
20.59%
Operating margin
4.86%
Net margin
-1.89%
Return on equity
-2.79%
Return on assets
-0.86%
Return on invested capital
-2.10%

Financial health

Debt / equity
1.28×
Current ratio
1.97×
Altman Z-score
1.95
Piotroski F-score
1 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%14%5%-4%Gross margin, FY2021: 18.24%Gross margin, FY2022: 18.41%Gross margin, FY2023: 19.27%Gross margin, FY2024: 18.54%Gross margin, FY2025: 20.59%Operating margin, FY2021: 4.97%Operating margin, FY2022: 4.36%Operating margin, FY2023: 6.94%Operating margin, FY2024: 5.56%Operating margin, FY2025: 4.86%Net margin, FY2021: 4.39%Net margin, FY2022: 3.12%Net margin, FY2023: 3.09%Net margin, FY2024: 1.67%Net margin, FY2025: -1.89%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.24%. Gross margin FY2022 18.41%. Gross margin FY2023 19.27%. Gross margin FY2024 18.54%. Gross margin FY2025 20.59%. Operating margin FY2021 4.97%. Operating margin FY2022 4.36%. Operating margin FY2023 6.94%. Operating margin FY2024 5.56%. Operating margin FY2025 4.86%. Net margin FY2021 4.39%. Net margin FY2022 3.12%. Net margin FY2023 3.09%. Net margin FY2024 1.67%. Net margin FY2025 -1.89%.

Income trends

Revenue

2.25B CNY-10.82%

Operating income

109.13M CNY-22.14%

Net income

−42.43M CNY−84.62M CNY
Income trends across reported periods2.78B CNY1.75B CNY726.3M CNY−298.67M CNYRevenue, FY2021: 1.63B CNYRevenue, FY2022: 2.04B CNYRevenue, FY2023: 2.26B CNYRevenue, FY2024: 2.52B CNYRevenue, FY2025: 2.25B CNYOperating income, FY2021: 80.8M CNYOperating income, FY2022: 88.83M CNYOperating income, FY2023: 156.52M CNYOperating income, FY2024: 140.17M CNYOperating income, FY2025: 109.13M CNYNet income, FY2021: 71.3M CNYNet income, FY2022: 63.6M CNYNet income, FY2023: 69.7M CNYNet income, FY2024: 42.19M CNYNet income, FY2025: −42.43M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.63B CNY. Revenue FY2022 2.04B CNY. Revenue FY2023 2.26B CNY. Revenue FY2024 2.52B CNY. Revenue FY2025 2.25B CNY. Operating income FY2021 80.8M CNY. Operating income FY2022 88.83M CNY. Operating income FY2023 156.52M CNY. Operating income FY2024 140.17M CNY. Operating income FY2025 109.13M CNY. Net income FY2021 71.3M CNY. Net income FY2022 63.6M CNY. Net income FY2023 69.7M CNY. Net income FY2024 42.19M CNY. Net income FY2025 −42.43M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.25B CNY2.52B CNY2.26B CNY2.04B CNY1.63B CNY
Cost of goods sold1.78B CNY2.05B CNY1.82B CNY1.66B CNY1.33B CNY
Gross profit462.67M CNY467.31M CNY434.7M CNY375.53M CNY296.56M CNY
Research and development159.06M CNY148.32M CNY114.65M CNY114.59M CNY89.91M CNY
Selling, general, and administrative222.35M CNY231M CNY180.21M CNY179M CNY150.57M CNY
Operating expenses353.54M CNY327.14M CNY278.18M CNY286.69M CNY215.76M CNY
Interest income25.58M CNY34.02M CNY22.51M CNY14.42M CNY13.57M CNY
Interest expense57.45M CNY51.47M CNY30.99M CNY11.88M CNY7.14M CNY
Depreciation and amortization81.82M CNY78.95M CNY86.66M CNY31.41M CNY19.83M CNY
Operating income109.13M CNY140.17M CNY156.52M CNY88.83M CNY80.8M CNY
Net income−42.43M CNY42.19M CNY69.7M CNY63.6M CNY71.3M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.08

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.180.05-0.08-0.21Q2 '22Q4 '22Q3 '23Q4 '23Q3 '24Q4 '24Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.091, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 0.098, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 0.14, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 0.056, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.07, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 0.036, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual -0.166, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 0.076, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.55B1.39B1.22B1.06BQ2 '22Q4 '22Q3 '23Q4 '23Q3 '24Q4 '24Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 1.19B HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 1.16B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 1.16B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 1.31B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 1.2B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 1.49B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual 1.12B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 1.36B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0191

2021 complete year+267.3% since 2017

Corporate action history

Dividend

Ex-dividend May 12, 2021

HK$0.0191

Annual

Record May 13, 2021 · Payment May 28, 2021

Dividend

Ex-dividend May 13, 2020

HK$0.0319

Annual

Record May 14, 2020 · Payment May 29, 2020

Dividend

Ex-dividend May 9, 2019

HK$0.0527

Annual

Record May 10, 2019 · Payment May 27, 2019

Dividend

Ex-dividend May 11, 2018

HK$0.0364

Annual

Record May 14, 2018 · Payment May 28, 2018

Dividend

Ex-dividend May 12, 2017

HK$0.0052

Annual

Record May 15, 2017 · Payment May 29, 2017

Dividend

Ex-dividend May 12, 2016

HK$0.0062

Annual

Record May 13, 2016 · Payment May 30, 2016

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