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SMIT Holdings Limited logo

SMIT Holdings Limited

2239.HK

HKSETechnologySecurity & Protection Services

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Latest quote

HK$1.43

+HK$0.04 · +2.88%

Aug 24, 11:13 AM HKTData delayed

2239.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

SMIT Holdings Limited is a global entity focused on designing, developing, and commercializing security devices. These solutions cater to secure access for pay TV broadcasting and mobile point-of-sale (mPOS) payment systems worldwide. The company's operations span several key segments: CAM, Rapid Verification Systems and Software, Cloud Services, and IC Solutions. Specifically, its CAM and mPOS devices are engineered to ensure the secure distribution of digital content to televisions and robust mobile payment transactions, respectively. Furthermore, SMIT Holdings develops and sells high-speed, hardware-based verification systems and their accompanying software. It also engages in the research, development, and sale of integrated circuit (IC) products, alongside offering related design services. Cloud services, including platform provision and support, are another offering. The company actively participates in the development and application of comprehensive electronic design automation (EDA) systems for chip design. Established in 2002, SMIT Holdings Limited maintains its headquarters in Sha Tin, Hong Kong.

Industry
Security & Protection Services
Sector
Technology
Headquarters
HK
CEO
Xueliang Huang
Listed since
Mar 30, 2016
Employees
179

Market position

52-week range

Current HK$1.43

Open
HK$1.43
Previous close
HK$1.39
Volume
1K
0× average
Average volume
220.89K
Average daily volume
Market cap
464.65M HKD
Beta
0.28
Market reference 1
50-day average
HK$1.2823
+11.52% above average
200-day average
HK$0.9869
+44.90% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-11.12×
P/B (TTM)
0.47×
P/S (TTM)
4.03×
Dividend yield
0.70%

Profitability & efficiency

Gross margin
52.59%
Operating margin
138.02%
Net margin
-36.02%

Financial health

Debt / equity
0.01×
Altman Z-score
1.49
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends241%54%-134%-322%Gross margin, FY2021: 47.26%Gross margin, FY2022: 41.27%Gross margin, FY2023: 37.28%Gross margin, FY2024: 53.87%Gross margin, FY2025: 52.59%Operating margin, FY2021: 21.34%Operating margin, FY2022: -43.09%Operating margin, FY2023: 31.32%Operating margin, FY2024: -108.71%Operating margin, FY2025: 138.02%Net margin, FY2021: 27.15%Net margin, FY2022: 194.44%Net margin, FY2023: -61.84%Net margin, FY2024: -275.17%Net margin, FY2025: -36.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.26%. Gross margin FY2022 41.27%. Gross margin FY2023 37.28%. Gross margin FY2024 53.87%. Gross margin FY2025 52.59%. Operating margin FY2021 21.34%. Operating margin FY2022 -43.09%. Operating margin FY2023 31.32%. Operating margin FY2024 -108.71%. Operating margin FY2025 138.02%. Net margin FY2021 27.15%. Net margin FY2022 194.44%. Net margin FY2023 -61.84%. Net margin FY2024 -275.17%. Net margin FY2025 -36.02%.

Income trends

Revenue

14.71M USD+5.27%

Operating income

20.3M USD+35.5M USD

Net income

−5.3M USD+86.22%
Income trends across reported periods66.75M USD28.49M USD−9.76M USD−48.02M USDRevenue, FY2021: 36.25M USDRevenue, FY2022: 29.41M USDRevenue, FY2023: 22.47M USDRevenue, FY2024: 13.98M USDRevenue, FY2025: 14.71M USDOperating income, FY2021: 7.74M USDOperating income, FY2022: −12.67M USDOperating income, FY2023: 7.04M USDOperating income, FY2024: −15.19M USDOperating income, FY2025: 20.3M USDNet income, FY2021: 9.84M USDNet income, FY2022: 57.19M USDNet income, FY2023: −13.9M USDNet income, FY2024: −38.46M USDNet income, FY2025: −5.3M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 36.25M USD. Revenue FY2022 29.41M USD. Revenue FY2023 22.47M USD. Revenue FY2024 13.98M USD. Revenue FY2025 14.71M USD. Operating income FY2021 7.74M USD. Operating income FY2022 −12.67M USD. Operating income FY2023 7.04M USD. Operating income FY2024 −15.19M USD. Operating income FY2025 20.3M USD. Net income FY2021 9.84M USD. Net income FY2022 57.19M USD. Net income FY2023 −13.9M USD. Net income FY2024 −38.46M USD. Net income FY2025 −5.3M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue14.71M USD13.98M USD22.47M USD29.41M USD36.25M USD
Cost of goods sold6.98M USD6.45M USD14.09M USD17.27M USD19.12M USD
Gross profit7.74M USD7.53M USD8.38M USD12.14M USD17.13M USD
Research and development9.8M USD10.87M USD11.23M USD38.11M USD38.5M USD
Selling, general, and administrative8.2M USD8.11M USD8.78M USD13.14M USD12.75M USD
Operating expenses−12.57M USD22.72M USD1.34M USD24.81M USD9.39M USD
Interest income457.89K USD508.87K USD522.07K USD105.63K USD276.23K USD
Interest expense65.71K USD58.86K USD325.58K USD1.31M USD1.29M USD
Depreciation and amortization3.8M USD4.6M USD6.27M USD14.73M USD7.85M USD
Operating income20.3M USD−15.19M USD7.04M USD−12.67M USD7.74M USD
Net income−5.3M USD−38.46M USD−13.9M USD57.19M USD9.84M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.38

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.640.850.06-0.73Q4 '21Q3 '22Q4 '22Q3 '23Q4 '23Q3 '24Q4 '24Q2 '25
Q4 2021, reported Dec 31, 2021: actual 0.279, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 19, 2022: actual -0.114, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 1.48, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 19, 2023: actual 0.01, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual -0.345, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 3, 2024: actual -0.359, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.562, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual -0.379, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates171.44M125.99M80.54M35.09MQ4 '21Q3 '22Q4 '22Q3 '23Q4 '23Q3 '24Q4 '24Q2 '25
Q4 2021, reported Dec 31, 2021: actual 161.8M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 19, 2022: actual 124.31M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 105.86M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 19, 2023: actual 88.02M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 87.75M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 3, 2024: actual 67.65M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 41.28M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 55.46M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.01

2025 complete year0.0% since 2021

2026 partial: HK$0.01

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 4, 2026

HK$0.01

Annual

Record Jun 5, 2026 · Payment Jun 23, 2026

Dividend

Ex-dividend Jun 5, 2025

HK$0.01

Annual

Record Jun 6, 2025 · Payment Jun 20, 2025

Dividend

Ex-dividend Jun 6, 2024

HK$0.01

Annual

Record Jun 7, 2024 · Payment Jun 21, 2024

Dividend

Ex-dividend May 31, 2023

HK$0.01

Annual

Record Jun 1, 2023 · Payment Jun 19, 2023

Dividend

Ex-dividend May 31, 2022

HK$0.01

Annual

Record Jun 1, 2022 · Payment Jun 14, 2022

Dividend

Ex-dividend Jun 1, 2021

HK$0.01

Annual

Record Jun 2, 2021 · Payment Jun 18, 2021

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