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Mobvoi Inc. logo

Mobvoi Inc.

2438.HK

HKSETechnologySoftware - Infrastructure

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Latest quote

HK$0.31

−HK$0.02 · -6.06%

Aug 24, 3:58 PM HKT

2438.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Mobvoi Inc., an investment holding company, distributes smart devices and various accessories across numerous international markets, including Mainland China, the United States, the United Kingdom, Italy, Spain, Germany, Japan, and Brazil. Beyond hardware, the firm is a prominent developer and provider of artificial intelligence (AI) software solutions. These AI offerings include a suite of AI-generated content (AIGC) creator tools, such as Moyin Workshop for AI voiceover assistance, Weta365 for AI video generation and virtual live streaming, DupDub for AI voiceovers, and AI-powered written content generation solutions marketed under the names Mozhuan Writing and Qi Miao Wen. Furthermore, Mobvoi develops AI enterprise solutions, delivering intelligent, humanized AI voice interaction and advanced customer service capabilities to a broad spectrum of industries, including automotive, finance, technology, media, telecom, healthcare, and retail. The company also supports the open-source community with WeNet, an end-to-end voice recognition tool. Other operations include software development and the procurement of raw materials. Mobvoi Inc. was established in 2012 and is headquartered in Nanjing, China.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
CN
CEO
Zhifei Li
Listed since
Apr 24, 2024
Employees
150

Market position

Day range

Current HK$0.31

52-week range

Current HK$0.31

Open
HK$0.33
Previous close
HK$0.33
Volume
2.29M
0.82× average
Average volume
2.79M
Average daily volume
Market cap
480.14M HKD
Beta
1.47
Market reference 1
50-day average
HK$0.3358
-7.68% below average
200-day average
HK$0.4893
-36.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
678.8M CNY
EV / EBITDA
-8.8×
Earnings yield
-8.90%
Free cash flow yield
-12.70%

Profitability & efficiency

Return on equity
-29.44%
Return on assets
-18.87%
Return on invested capital
-23.25%

Financial health

Current ratio
2.57×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends92%-8%-109%-210%Gross margin, FY2021: 37.49%Gross margin, FY2022: 67.20%Gross margin, FY2023: 64.31%Gross margin, FY2024: 52.11%Gross margin, FY2025: 50.06%Operating margin, FY2021: -15.52%Operating margin, FY2022: 14.31%Operating margin, FY2023: -9.38%Operating margin, FY2024: -53.05%Operating margin, FY2025: -20.98%Net margin, FY2021: -69.44%Net margin, FY2022: -133.91%Net margin, FY2023: -158.29%Net margin, FY2024: -184.83%Net margin, FY2025: -21.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 37.49%. Gross margin FY2022 67.20%. Gross margin FY2023 64.31%. Gross margin FY2024 52.11%. Gross margin FY2025 50.06%. Operating margin FY2021 -15.52%. Operating margin FY2022 14.31%. Operating margin FY2023 -9.38%. Operating margin FY2024 -53.05%. Operating margin FY2025 -20.98%. Net margin FY2021 -69.44%. Net margin FY2022 -133.91%. Net margin FY2023 -158.29%. Net margin FY2024 -184.83%. Net margin FY2025 -21.31%.

Income trends

Revenue

323.03M CNY-17.24%

Operating income

−67.76M CNY+67.28%

Net income

−68.85M CNY+90.46%
Income trends across reported periods638.03M CNY114.16M CNY−409.7M CNY−933.57M CNYRevenue, FY2021: 397.91M CNYRevenue, FY2022: 500.19M CNYRevenue, FY2023: 507.06M CNYRevenue, FY2024: 390.35M CNYRevenue, FY2025: 323.03M CNYOperating income, FY2021: −61.76M CNYOperating income, FY2022: 71.59M CNYOperating income, FY2023: −47.54M CNYOperating income, FY2024: −207.07M CNYOperating income, FY2025: −67.76M CNYNet income, FY2021: −276.3M CNYNet income, FY2022: −669.81M CNYNet income, FY2023: −802.6M CNYNet income, FY2024: −721.49M CNYNet income, FY2025: −68.85M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 397.91M CNY. Revenue FY2022 500.19M CNY. Revenue FY2023 507.06M CNY. Revenue FY2024 390.35M CNY. Revenue FY2025 323.03M CNY. Operating income FY2021 −61.76M CNY. Operating income FY2022 71.59M CNY. Operating income FY2023 −47.54M CNY. Operating income FY2024 −207.07M CNY. Operating income FY2025 −67.76M CNY. Net income FY2021 −276.3M CNY. Net income FY2022 −669.81M CNY. Net income FY2023 −802.6M CNY. Net income FY2024 −721.49M CNY. Net income FY2025 −68.85M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue323.03M CNY390.35M CNY507.06M CNY500.19M CNY397.91M CNY
Cost of goods sold161.31M CNY186.94M CNY180.98M CNY164.04M CNY248.72M CNY
Gross profit161.72M CNY203.41M CNY326.08M CNY336.15M CNY149.2M CNY
Research and development77.67M CNY136.92M CNY154.75M CNY118.66M CNY91.51M CNY
Selling, general, and administrative166.89M CNY284.32M CNY126.65M CNY76.25M CNY90.53M CNY
Operating expenses229.48M CNY410.48M CNY373.62M CNY264.56M CNY210.96M CNY
Interest income11.4M CNY10.97M CNY3.9M CNY2.49M CNY767K CNY
Interest expense1.06M CNY611K CNY898K CNY1M CNY1.01M CNY
Depreciation and amortization2.1M CNY956K CNY11.15M CNY10.03M CNY13.8M CNY
Operating income−67.76M CNY−207.07M CNY−47.54M CNY71.59M CNY−61.76M CNY
Net income−68.85M CNY−721.49M CNY−802.6M CNY−669.81M CNY−276.3M CNY

Company facts updated Aug 24, 2026.

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