Impro Precision Industries Limited logo

Impro Precision Industries Limited

1286.HK

HKSEIndustrialsIndustrial - Machinery

Latest quote

HK$8.60

−HK$0.40 · -4.44%

Aug 24, 4:08 PM HKT

1286.HK company overview

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Company profile

Company website

Impro Precision Industries Limited operates internationally, including in the United States, Europe, and the People's Republic of China, specializing in the design, manufacture, and distribution of advanced casting and precision-machined components. The company's multifaceted operations are categorized into four key segments: Investment Casting, Precision Machining, Sand Casting, and Surface Treatment. Its diverse product portfolio is integral to a broad spectrum of applications, such as passenger and commercial vehicles, high-horsepower engines, hydraulic systems, construction and agricultural machinery, recreational boats and vehicles, aerospace technology, and medical devices. Beyond component production, Impro extends its services to include various surface treatments like plating, anodizing, painting, and specialized coatings. Additionally, it manages logistics centers and warehousing facilities while providing comprehensive customer maintenance support. The company serves a wide array of industries, including automotive, high horsepower engine, construction equipment, agricultural equipment, hydraulic equipment, aerospace, medical, energy, recreational boat and vehicles, fire and security systems, telecommunication, forestry, and food processing. Established in 1998, Impro Precision Industries Limited is headquartered in Wan Chai, Hong Kong.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
HK
CEO
Ruibo Lu
Listed since
Jun 28, 2019
Employees
9,424

Market position

Day range

Current HK$8.60

52-week range

Current HK$8.60

Open
HK$9.005
Previous close
HK$9.00
Volume
3.35M
0.54× average
Average volume
6.23M
Average daily volume
Market cap
16.23B HKD
Beta
1.18
Market reference 1
50-day average
HK$8.1999
+4.88% above average
200-day average
HK$7.6548
+12.35% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.9B HKD
P/E (TTM)
20.48×
P/B (TTM)
2.42×
P/S (TTM)
2.87×
EV / EBITDA
8.19×
Earnings yield
7.90%
Free cash flow yield
3.00%
Dividend yield
1.86%

Profitability & efficiency

Gross margin
29.57%
Operating margin
17.92%
Net margin
14.14%
Return on equity
12.96%
Return on assets
7.73%
Return on invested capital
9.60%

Financial health

Debt / equity
0.37×
Current ratio
1.6×
Altman Z-score
4.84
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%25%17%8%Gross margin, FY2021: 29.85%Gross margin, FY2022: 32.06%Gross margin, FY2023: 25.59%Gross margin, FY2024: 27.08%Gross margin, FY2025: 27.48%Operating margin, FY2021: 12.59%Operating margin, FY2022: 17.11%Operating margin, FY2023: 15.82%Operating margin, FY2024: 18.95%Operating margin, FY2025: 17.55%Net margin, FY2021: 10.13%Net margin, FY2022: 13.36%Net margin, FY2023: 12.71%Net margin, FY2024: 13.75%Net margin, FY2025: 14.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.85%. Gross margin FY2022 32.06%. Gross margin FY2023 25.59%. Gross margin FY2024 27.08%. Gross margin FY2025 27.48%. Operating margin FY2021 12.59%. Operating margin FY2022 17.11%. Operating margin FY2023 15.82%. Operating margin FY2024 18.95%. Operating margin FY2025 17.55%. Net margin FY2021 10.13%. Net margin FY2022 13.36%. Net margin FY2023 12.71%. Net margin FY2024 13.75%. Net margin FY2025 14.25%.

Income trends

Revenue

5.1B HKD+8.72%

Operating income

894.43M HKD+0.71%

Net income

726.18M HKD+12.71%
Income trends across reported periods5.57B HKD3.68B HKD1.8B HKD−88.49M HKDRevenue, FY2021: 3.78B HKDRevenue, FY2022: 4.35B HKDRevenue, FY2023: 4.6B HKDRevenue, FY2024: 4.69B HKDRevenue, FY2025: 5.1B HKDOperating income, FY2021: 475.73M HKDOperating income, FY2022: 744.89M HKDOperating income, FY2023: 728.25M HKDOperating income, FY2024: 888.16M HKDOperating income, FY2025: 894.43M HKDNet income, FY2021: 382.78M HKDNet income, FY2022: 581.95M HKDNet income, FY2023: 585.09M HKDNet income, FY2024: 644.3M HKDNet income, FY2025: 726.18M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.78B HKD. Revenue FY2022 4.35B HKD. Revenue FY2023 4.6B HKD. Revenue FY2024 4.69B HKD. Revenue FY2025 5.1B HKD. Operating income FY2021 475.73M HKD. Operating income FY2022 744.89M HKD. Operating income FY2023 728.25M HKD. Operating income FY2024 888.16M HKD. Operating income FY2025 894.43M HKD. Net income FY2021 382.78M HKD. Net income FY2022 581.95M HKD. Net income FY2023 585.09M HKD. Net income FY2024 644.3M HKD. Net income FY2025 726.18M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue5.1B HKD4.69B HKD4.6B HKD4.35B HKD3.78B HKD
Cost of goods sold3.7B HKD3.42B HKD3.43B HKD2.96B HKD2.65B HKD
Gross profit1.4B HKD1.27B HKD1.18B HKD1.4B HKD1.13B HKD
Research and development162.36M HKD174.56M HKD149.29M HKD135.06M HKD136.32M HKD
Selling, general, and administrative549.26M HKD539.65M HKD500.22M HKD515.38M HKD515.78M HKD
Operating expenses505.69M HKD380.98M HKD450.08M HKD516.07M HKD652.1M HKD
Interest income11.27M HKD8.43M HKD7.88M HKD4.41M HKD3.9M HKD
Interest expense90.05M HKD110.7M HKD116.26M HKD60.3M HKD28.33M HKD
Depreciation and amortization431.26M HKD406.23M HKD420.76M HKD420.62M HKD416.97M HKD
Operating income894.43M HKD888.16M HKD728.25M HKD744.89M HKD475.73M HKD
Net income726.18M HKD644.3M HKD585.09M HKD581.95M HKD382.78M HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 0 met estimates
Average EPS surprise
-53.07%
2 comparable reports
Latest EPS result
0.22

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.360.280.210.13Q1 '23MissQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 9, 2023: actual 0.17, estimate 0.32, surprise -46.88%, Miss. Q3 2023, reported Aug 8, 2023: actual 0.165, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 0.15, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 0.16, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 11, 2025: actual 0.18, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 0.18, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 10, 2026: actual 0.2, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 11, 2026: actual 0.222, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.73B4.23B2.72B1.21BQ1 '23MissQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26BeatQ3 '26Beat
Q1 2023, reported Mar 9, 2023: actual 2.16B HKD, estimate 5.41B HKD, surprise -60.06%, Miss. Q3 2023, reported Aug 8, 2023: actual 2.4B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 2.2B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 2.4B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 11, 2025: actual 2.28B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 2.45B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 10, 2026: actual 2.65B HKD, estimate 1.43B HKD, surprise +85.31%, Beat. Q3 2026, reported Aug 11, 2026: actual 3.02B HKD, estimate 3.02B HKD, surprise +0.01%, Beat.

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