Boer Power Holdings Limited logo

Boer Power Holdings Limited

1685.HK

HKSEIndustrialsIndustrial - Distribution

Latest quote

HK$0.67

−HK$0.005 · -0.74%

Aug 24, 3:57 PM HKT

1685.HK company overview

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Company profile

Company website

Boer Power Holdings Limited, an investment holding company based in Wuxi, China, specializes in the development, production, and sale of electrical distribution equipment. The company also delivers comprehensive electrical distribution system solutions across the People's Republic of China. Its operations are divided into two main divisions: IEM Solutions, and Components and Spare Parts. The IEM Solutions segment focuses on providing complete electrical distribution systems, managing engineering, procurement, and construction (EPC) projects, and supplying electricity. The Components and Spare Parts division offers essential parts and components specifically designed for electrical distribution equipment applications. Beyond these core activities, Boer Power is involved in the trading of various electrical distribution equipment and their respective components and spare parts. It also extends its offerings to include photovoltaic products, capacitors, and develops and sells software solutions. The company's diverse client base spans sectors such as healthcare, data centers, real estate, energy, and industrial parks. Established in 2012, Boer Power Holdings Limited operates as a subsidiary of King Able Limited.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
CN
CEO
Yixiang Qian
Listed since
Oct 20, 2010
Employees
632

Market position

Volume
141K
0.06× average
Average volume
2.55M
Average daily volume
Market cap
515.18M HKD
Beta
1.61
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-163.6M CNY
P/E (TTM)
24.65×
P/B (TTM)
1.49×
P/S (TTM)
0.68×
EV / EBITDA
-3.95×
Earnings yield
9.75%
Free cash flow yield
58.20%
Dividend yield
1.57%

Profitability & efficiency

Gross margin
28.82%
Operating margin
6.13%
Net margin
2.77%
Return on equity
6.00%
Return on assets
1.16%
Return on invested capital
6.50%

Financial health

Debt / equity
0.73×
Current ratio
1.05×
Altman Z-score
1.43
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%24%12%-1%Gross margin, FY2021: 33.53%Gross margin, FY2022: 29.22%Gross margin, FY2023: 28.36%Gross margin, FY2024: 29.04%Gross margin, FY2025: 28.82%Operating margin, FY2021: 7.24%Operating margin, FY2022: 9.54%Operating margin, FY2023: 10.76%Operating margin, FY2024: 9.08%Operating margin, FY2025: 6.13%Net margin, FY2021: 2.12%Net margin, FY2022: 4.82%Net margin, FY2023: 4.94%Net margin, FY2024: 4.56%Net margin, FY2025: 2.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.53%. Gross margin FY2022 29.22%. Gross margin FY2023 28.36%. Gross margin FY2024 29.04%. Gross margin FY2025 28.82%. Operating margin FY2021 7.24%. Operating margin FY2022 9.54%. Operating margin FY2023 10.76%. Operating margin FY2024 9.08%. Operating margin FY2025 6.13%. Net margin FY2021 2.12%. Net margin FY2022 4.82%. Net margin FY2023 4.94%. Net margin FY2024 4.56%. Net margin FY2025 2.77%.

Income trends

Revenue

647.71M CNY-4.79%

Operating income

39.69M CNY-35.75%

Net income

17.97M CNY-42.14%
Income trends across reported periods747.09M CNY479.84M CNY212.58M CNY−54.67M CNYRevenue, FY2021: 572.64M CNYRevenue, FY2022: 626.62M CNYRevenue, FY2023: 585.55M CNYRevenue, FY2024: 680.28M CNYRevenue, FY2025: 647.71M CNYOperating income, FY2021: 41.44M CNYOperating income, FY2022: 59.78M CNYOperating income, FY2023: 63.01M CNYOperating income, FY2024: 61.78M CNYOperating income, FY2025: 39.69M CNYNet income, FY2021: 12.14M CNYNet income, FY2022: 30.23M CNYNet income, FY2023: 28.9M CNYNet income, FY2024: 31.05M CNYNet income, FY2025: 17.97M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 572.64M CNY. Revenue FY2022 626.62M CNY. Revenue FY2023 585.55M CNY. Revenue FY2024 680.28M CNY. Revenue FY2025 647.71M CNY. Operating income FY2021 41.44M CNY. Operating income FY2022 59.78M CNY. Operating income FY2023 63.01M CNY. Operating income FY2024 61.78M CNY. Operating income FY2025 39.69M CNY. Net income FY2021 12.14M CNY. Net income FY2022 30.23M CNY. Net income FY2023 28.9M CNY. Net income FY2024 31.05M CNY. Net income FY2025 17.97M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue647.71M CNY680.28M CNY585.55M CNY626.62M CNY572.64M CNY
Cost of goods sold461.05M CNY482.75M CNY419.51M CNY443.55M CNY380.66M CNY
Gross profit186.65M CNY197.52M CNY166.04M CNY183.07M CNY191.98M CNY
Selling, general, and administrative168.68M CNY147.51M CNY150.95M CNY139.41M CNY151.78M CNY
Operating expenses146.97M CNY135.75M CNY103.03M CNY123.29M CNY149.75M CNY
Interest income12.43M CNY7.06M CNY16.6M CNY13.7M CNY920K CNY
Interest expense18.01M CNY22.9M CNY30.34M CNY27.69M CNY27.41M CNY
Depreciation and amortization14.22M CNY17.24M CNY18.91M CNY18.91M CNY21.22M CNY
Operating income39.69M CNY61.78M CNY63.01M CNY59.78M CNY41.44M CNY
Net income17.97M CNY31.05M CNY28.9M CNY30.23M CNY12.14M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.120.05-0.03-0.1Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.078, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.059, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 0.012, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 27, 2023: actual 0.031, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 0.009, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 25, 2024: actual 0.032, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 0.01, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 0.033, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.94B3.37B1.8B237.48MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 327.27M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 367.38M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 279.39M HKD, estimate 4.59B HKD, surprise -93.92%, Miss. Q1 2023, reported Mar 27, 2023: actual 389.36M HKD, estimate 4.59B HKD, surprise -91.52%, Miss. Q3 2023, reported Aug 30, 2023: actual 294.27M HKD, estimate 4.59B HKD, surprise -93.59%, Miss. Q1 2024, reported Mar 25, 2024: actual 352.06M HKD, estimate 4.59B HKD, surprise -92.33%, Miss. Q3 2024, reported Aug 28, 2024: actual 293.05M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 433.39M HKD, estimate —, surprise —, Comparison unavailable.

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