Bitfire Group Holdings Limited (1611.HK) stock price, financials & research

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Company profile

Bitfire Group Holdings Limited, an investment holding company, provides cryptocurrency trading and technology solution services in the People’s Republic of China. It offers blockchain solutions; peripheral accessories, such as browser, faucet, and official website; and fundamental Dapps and software-as-a-service to customers in blockchain, virtual assets, fintech, and big data, as well as other technology sectors. The company also provides various services in virtual asset ecosystem, including asset management; centralized custodian services, including safekeeping, settlement, and other customized services; and MPC self-custody services, which include Wallet-as-a-Service, a set of MPC digital asset custody wallet infrastructure for Web3 developers. In addition, the company is involved in trading of cryptocurrency; and provision of consultancy services. The company was formerly known as Sinohope Technology Holdings Limited and changed its name to Bitfire Group Holdings Limited in March 2026. Bitfire Group Holdings Limited was incorporated in 1990 and is headquartered in Central, Hong Kong.

Industry: Hardware, Equipment & Parts
Sector: Technology
Headquarters: HK
CEO: Xiaoqi Weng
Listed since: Nov 23, 2016
Employees: 178

Market position

Day range

Current HK$2.12

HK$2.04HK$2.135

52-week range

Current HK$2.12

HK$1.74HK$7.54

Open: HK$2.125
Previous close: HK$2.12
Volume: 475.3K; 0.45× average
Average volume: 1.05M; Average daily volume
Market cap: 1.6B HKD
Beta: 1.31; Market reference 1
50-day average: HK$1.9292; +9.89% above average
200-day average: HK$2.4582; -13.76% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 2.96B HKD
P/E (TTM): -6.53×
P/B (TTM): 2.94×
P/S (TTM): 0.22×
EV / EBITDA: -39.03×
Earnings yield: -0.32%
Free cash flow yield: 0.49%
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 0.88%
Operating margin: -2.00%
Net margin: -3.37%
Return on equity: -1.22%
Return on assets: -0.70%
Return on invested capital: -6.06%

Financial health

Debt / equity: 0.62×
Current ratio: 2.26×
Altman Z-score: 13.31
Piotroski F-score: 3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

8.66B HKD+451.85%

Operating income

−76.2M HKD-22.97%

Net income

−9.21M HKD−63.53M HKD

Metric (HKD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	8.66B HKD	1.57B HKD	2.83B HKD	9.06B HKD	610.71M HKD
Cost of goods sold	8.61B HKD	1.53B HKD	2.82B HKD	9.27B HKD	308.08M HKD
Gross profit	47.64M HKD	44.22M HKD	10.39M HKD	110.85M HKD	302.63M HKD
Selling, general, and administrative	123.84M HKD	106.2M HKD	186.8M HKD	339.69M HKD	136.6M HKD
Operating expenses	123.84M HKD	106.2M HKD	186.5M HKD	255.23M HKD	136.6M HKD
Interest income	4.79M HKD	1.5M HKD	22K HKD	647K HKD	458K HKD
Interest expense	2.97M HKD	4.76M HKD	15.06M HKD	12.09M HKD	13.68M HKD
Depreciation and amortization	315K HKD	1.06M HKD	19.78M HKD	47.44M HKD	23.86M HKD
Operating income	−76.2M HKD	−61.97M HKD	−176.11M HKD	−144.38M HKD	166.04M HKD
Net income	−9.21M HKD	54.32M HKD	−287.37M HKD	−199.67M HKD	141.48M HKD