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Future Machine Limited logo

Future Machine Limited

1401.HK

HKSETechnologyCommunication Equipment

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Latest quote

HK$0.25

−HK$0.005 · -1.96%

Aug 24, 4:08 PM HKT

1401.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Future Machine Limited, an investment holding company, engages in the research and development, design, manufacture, and sale of mobile phones, PCBAs for mobile phones, and IoT related products in the People’s Republic of China, India, Algeria, Bangladesh, and internationally. The company offers smartphones and feature phones; printed circuit board assemblies for mobile phones; and Internet of Things related products. It is also involved in the research and development of cloud computing and related technology; trading smartphones and feature phones; and provision of customer and technical support services. In addition, the company engages in trading of automobile and education tools related business. The company serves local branded mobile phone suppliers, telecommunication operators, and trading companies. Future Machine Limited was formerly known as Sprocomm Intelligence Limited and changed its name to Future Machine Limited in July 2025. Future Machine Limited was founded in 2009 and is headquartered in Shenzhen, China.

Industry
Communication Equipment
Sector
Technology
Headquarters
CN
CEO
Chengjun Li
Listed since
Nov 13, 2019
Employees
1,641

Market position

Day range

Current HK$0.25

52-week range

Current HK$0.25

Open
HK$0.26
Previous close
HK$0.255
Volume
4.73M
0.77× average
Average volume
6.14M
Average daily volume
Market cap
375M HKD
Beta
0.2
Market reference 1
50-day average
HK$0.2478
+0.89% above average
200-day average
HK$0.6103
-59.04% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.03B CNY
P/E (TTM)
7.15×
P/B (TTM)
0.64×
P/S (TTM)
0.07×
EV / EBITDA
21.67×
Earnings yield
5.62%
Free cash flow yield
-32.75%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.32%
Operating margin
0.67%
Net margin
0.95%
Return on equity
7.72%
Return on assets
1.01%
Return on invested capital
0.69%

Financial health

Debt / equity
4.82×
Current ratio
1.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%9%3%-4%Gross margin, FY2021: 8.61%Gross margin, FY2022: 14.04%Gross margin, FY2023: 10.61%Gross margin, FY2024: 8.84%Gross margin, FY2025: 8.32%Operating margin, FY2021: -2.32%Operating margin, FY2022: -1.66%Operating margin, FY2023: 1.33%Operating margin, FY2024: -0.60%Operating margin, FY2025: 0.67%Net margin, FY2021: -0.89%Net margin, FY2022: 0.45%Net margin, FY2023: 1.15%Net margin, FY2024: 0.56%Net margin, FY2025: 0.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 8.61%. Gross margin FY2022 14.04%. Gross margin FY2023 10.61%. Gross margin FY2024 8.84%. Gross margin FY2025 8.32%. Operating margin FY2021 -2.32%. Operating margin FY2022 -1.66%. Operating margin FY2023 1.33%. Operating margin FY2024 -0.60%. Operating margin FY2025 0.67%. Net margin FY2021 -0.89%. Net margin FY2022 0.45%. Net margin FY2023 1.15%. Net margin FY2024 0.56%. Net margin FY2025 0.95%.

Income trends

Revenue

4.35B CNY+49.11%

Operating income

29.22M CNY+46.7M CNY

Net income

41.42M CNY+153.45%
Income trends across reported periods4.79B CNY3.03B CNY1.27B CNY−486.12M CNYRevenue, FY2021: 2B CNYRevenue, FY2022: 1.45B CNYRevenue, FY2023: 2.82B CNYRevenue, FY2024: 2.92B CNYRevenue, FY2025: 4.35B CNYOperating income, FY2021: −46.45M CNYOperating income, FY2022: −24.08M CNYOperating income, FY2023: 37.45M CNYOperating income, FY2024: −17.48M CNYOperating income, FY2025: 29.22M CNYNet income, FY2021: −17.75M CNYNet income, FY2022: 6.51M CNYNet income, FY2023: 32.37M CNYNet income, FY2024: 16.34M CNYNet income, FY2025: 41.42M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2B CNY. Revenue FY2022 1.45B CNY. Revenue FY2023 2.82B CNY. Revenue FY2024 2.92B CNY. Revenue FY2025 4.35B CNY. Operating income FY2021 −46.45M CNY. Operating income FY2022 −24.08M CNY. Operating income FY2023 37.45M CNY. Operating income FY2024 −17.48M CNY. Operating income FY2025 29.22M CNY. Net income FY2021 −17.75M CNY. Net income FY2022 6.51M CNY. Net income FY2023 32.37M CNY. Net income FY2024 16.34M CNY. Net income FY2025 41.42M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue4.35B CNY2.92B CNY2.82B CNY1.45B CNY2B CNY
Cost of goods sold3.99B CNY2.66B CNY2.52B CNY1.25B CNY1.83B CNY
Gross profit361.83M CNY257.77M CNY299.59M CNY203.63M CNY172.24M CNY
Research and development181.79M CNY141.89M CNY139.69M CNY124.08M CNY118.96M CNY
Selling, general, and administrative157.83M CNY133.36M CNY122.92M CNY103.64M CNY99.73M CNY
Operating expenses332.6M CNY275.24M CNY262.14M CNY227.71M CNY218.69M CNY
Interest income33.83M CNY44.06M CNY11.5M CNY12.23M CNY5.86M CNY
Interest expense27.49M CNY36.19M CNY35.82M CNY18.26M CNY6.47M CNY
Depreciation and amortization18.48M CNY14.28M CNY34.93M CNY24.68M CNY20.93M CNY
Operating income29.22M CNY−17.48M CNY37.45M CNY−24.08M CNY−46.45M CNY
Net income41.42M CNY16.34M CNY32.37M CNY6.51M CNY−17.75M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.032
FY2025 · +95.09% year over year
Latest fiscal-year revenue
4.35B CNY
FY2025 · +49.11% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.040.02-0-0.02FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend4.64B3.48B2.32B1.16BFY21FY22FY23FY24FY25

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