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VPower Group International Holdings Limited logo

VPower Group International Holdings Limited

1608.HK

HKSEIndustrialsElectrical Equipment & Parts

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Latest quote

HK$0.06

−HK$0.002 · -3.23%

Aug 24, 11:46 AM HKT

1608.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

VPower Group International Holdings Limited functions as an investment holding company, delivering comprehensive power generation solutions across Hong Kong, Macau, mainland China, various other Asian nations, Latin America, and worldwide. The company's core business involves the design, integration, sale, and installation of power generation systems and generator sets, primarily utilizing gas and diesel fuels. Its operations are structured into two key divisions: System Integration (SI), which concentrates on developing, integrating, supplying, and installing engine-driven electricity generation units; and Investment, Building and Operating (IBO), which designs, finances, constructs, and manages distributed power generation (DPG) plants to provide localized power solutions. Additionally, VPower Group engages in the distribution of engines and related components, alongside offering expert consulting and technical services. Its client base is broad, encompassing industrial and utility-scale DPG stations, government bodies, residential and commercial developments, data centers, hotels, construction sites, mining operations, and infrastructure projects like railways and telecommunications. Established in 2001, the company is headquartered in Hung Hom, Hong Kong, and operates as a subsidiary of Energy Garden Limited.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
HK
CEO
Jiachang Wang
Listed since
Nov 24, 2016
Employees
473

Market position

Volume
37K
0.01× average
Average volume
2.73M
Average daily volume
Market cap
400.17M HKD
Beta
-0.6
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-1.99×
P/B (TTM)
0.28×
P/S (TTM)
0.33×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.60%
Operating margin
-11.79%
Net margin
-16.75%

Financial health

Debt / equity
1.26×
Altman Z-score
-0.23
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%-44%-128%-212%Gross margin, FY2021: 13.74%Gross margin, FY2022: 16.56%Gross margin, FY2023: -5.62%Gross margin, FY2024: 18.88%Gross margin, FY2025: 16.60%Operating margin, FY2021: 7.36%Operating margin, FY2022: 7.79%Operating margin, FY2023: -102.56%Operating margin, FY2024: -1.18%Operating margin, FY2025: -11.79%Net margin, FY2021: 0.90%Net margin, FY2022: -9.43%Net margin, FY2023: -190.56%Net margin, FY2024: -15.33%Net margin, FY2025: -16.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.74%. Gross margin FY2022 16.56%. Gross margin FY2023 -5.62%. Gross margin FY2024 18.88%. Gross margin FY2025 16.60%. Operating margin FY2021 7.36%. Operating margin FY2022 7.79%. Operating margin FY2023 -102.56%. Operating margin FY2024 -1.18%. Operating margin FY2025 -11.79%. Net margin FY2021 0.90%. Net margin FY2022 -9.43%. Net margin FY2023 -190.56%. Net margin FY2024 -15.33%. Net margin FY2025 -16.75%.

Income trends

Revenue

1.2B HKD-20.90%

Operating income

−141.82M HKD-687.43%

Net income

−201.46M HKD+13.57%
Income trends across reported periods5.89B HKD2.71B HKD−469.56M HKD−3.65B HKDRevenue, FY2021: 5.09B HKDRevenue, FY2022: 3.36B HKDRevenue, FY2023: 1.5B HKDRevenue, FY2024: 1.52B HKDRevenue, FY2025: 1.2B HKDOperating income, FY2021: 374.85M HKDOperating income, FY2022: 261.96M HKDOperating income, FY2023: −1.54B HKDOperating income, FY2024: −18.01M HKDOperating income, FY2025: −141.82M HKDNet income, FY2021: 45.69M HKDNet income, FY2022: −316.85M HKDNet income, FY2023: −2.85B HKDNet income, FY2024: −233.08M HKDNet income, FY2025: −201.46M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.09B HKD. Revenue FY2022 3.36B HKD. Revenue FY2023 1.5B HKD. Revenue FY2024 1.52B HKD. Revenue FY2025 1.2B HKD. Operating income FY2021 374.85M HKD. Operating income FY2022 261.96M HKD. Operating income FY2023 −1.54B HKD. Operating income FY2024 −18.01M HKD. Operating income FY2025 −141.82M HKD. Net income FY2021 45.69M HKD. Net income FY2022 −316.85M HKD. Net income FY2023 −2.85B HKD. Net income FY2024 −233.08M HKD. Net income FY2025 −201.46M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.2B HKD1.52B HKD1.5B HKD3.36B HKD5.09B HKD
Cost of goods sold1B HKD1.23B HKD1.58B HKD2.8B HKD4.39B HKD
Gross profit199.62M HKD287.06M HKD−84.18M HKD556.47M HKD699.95M HKD
Research and development9.58M HKD10.04M HKD———
Selling, general, and administrative297.51M HKD250.14M HKD412.9M HKD399.92M HKD437.67M HKD
Operating expenses341.43M HKD305.07M HKD1.45B HKD294.51M HKD435.99M HKD
Interest income11.06M HKD6.01M HKD1.06M HKD1.85M HKD2.19M HKD
Interest expense304.68M HKD341.54M HKD316.18M HKD232.81M HKD210.39M HKD
Depreciation and amortization64.14M HKD241.04M HKD257.25M HKD273.26M HKD329.35M HKD
Operating income−141.82M HKD−18.01M HKD−1.54B HKD261.96M HKD374.85M HKD
Net income−201.46M HKD−233.08M HKD−2.85B HKD−316.85M HKD45.69M HKD

Company facts updated Aug 24, 2026.

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