Launch Tech Company Limited logo

Launch Tech Company Limited

2488.HK

HKSEConsumer CyclicalAuto - Parts

Latest quote

HK$7.00

+HK$0.025 · +0.36%

Aug 24, 10:56 AM HKTData delayed

2488.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Launch Tech Company Limited, along with its affiliated entities, serves the global automotive sector, encompassing both the aftermarket and the broader automobile industry, across the People's Republic of China and internationally. Its operations are structured into three key divisions: Automotive Diagnosis, Lift, and Overseas Sales. The company's core business revolves around the research, development, manufacturing, and distribution of a wide array of automotive solutions. This includes diagnostic, testing, and maintenance equipment for vehicles, in addition to software designed for auto diagnosis, inspection, repair, and ongoing upkeep. They also create, produce, and sell various automotive electronic products. Beyond hardware and software, Launch Tech provides diverse specialized services. These offerings include information network solutions, technical and electronic product consulting, technology exchange and commercialization, and an artificial intelligence public data platform. The firm also engages in general software development, big data technology services, and even extends to healthcare management consultancy and related product development. Their portfolio further comprises mobile phones, communication devices, and internet information advisory services. Moreover, they develop, trade, and retail computer software, hardware, and peripheral components. The company's scope also extends to designing and distributing electronic components and integrated circuits (chips). They are actively involved in the development, distribution, and sale of computer software and hardware technology. Other ventures include computer networking projects, graphic design, and corporate branding. They facilitate the import and export of goods and technologies and offer agent services. Launch Tech also manufactures specialized automotive machinery, such as vehicle maintenance and warranty equipment. This range includes items like paint spray booths, tire balancing machines, tire changing equipment, four-wheel alignment systems, vehicle frame straightening racks, and automated vehicle testing lines. Furthermore, they develop and market a variety of software solutions, including general computer software, information system software, and technology pertaining to car sharing. Established in 1992, Launch Tech Company Limited maintains its headquarters in Shenzhen, People's Republic of China.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
CN
CEO
Xin Liu
Listed since
Oct 7, 2002
Employees
1,208

Market position

Day range

Current HK$7.00

52-week range

Current HK$7.00

Open
HK$7.095
Previous close
HK$6.975
Volume
91K
0.23× average
Average volume
395.55K
Average daily volume
Market cap
2.9B HKD
Beta
-0.31
Market reference 1
50-day average
HK$7.04
-0.57% below average
200-day average
HK$8.0636
-13.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.93B CNY
P/E (TTM)
7.69×
P/B (TTM)
2.02×
P/S (TTM)
1.14×
EV / EBITDA
7.38×
Earnings yield
10.75%
Free cash flow yield
13.00%
Dividend yield
4.79%

Profitability & efficiency

Gross margin
46.35%
Operating margin
15.61%
Net margin
14.74%
Return on equity
28.15%
Return on assets
15.90%
Return on invested capital
22.58%

Financial health

Debt / equity
0.36×
Current ratio
1.76×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%35%19%3%Gross margin, FY2021: 39.23%Gross margin, FY2022: 36.80%Gross margin, FY2023: 42.95%Gross margin, FY2024: 47.56%Gross margin, FY2025: 47.14%Operating margin, FY2021: 7.60%Operating margin, FY2022: 29.72%Operating margin, FY2023: 10.82%Operating margin, FY2024: 18.71%Operating margin, FY2025: 16.33%Net margin, FY2021: 6.87%Net margin, FY2022: 27.87%Net margin, FY2023: 10.57%Net margin, FY2024: 18.04%Net margin, FY2025: 16.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 39.23%. Gross margin FY2022 36.80%. Gross margin FY2023 42.95%. Gross margin FY2024 47.56%. Gross margin FY2025 47.14%. Operating margin FY2021 7.60%. Operating margin FY2022 29.72%. Operating margin FY2023 10.82%. Operating margin FY2024 18.71%. Operating margin FY2025 16.33%. Net margin FY2021 6.87%. Net margin FY2022 27.87%. Net margin FY2023 10.57%. Net margin FY2024 18.04%. Net margin FY2025 16.32%.

Income trends

Revenue

2.11B CNY+12.08%

Operating income

344.55M CNY-2.16%

Net income

344.26M CNY+1.40%
Income trends across reported periods2.31B CNY1.5B CNY697.49M CNY−109.31M CNYRevenue, FY2021: 1.34B CNYRevenue, FY2022: 1.18B CNYRevenue, FY2023: 1.6B CNYRevenue, FY2024: 1.88B CNYRevenue, FY2025: 2.11B CNYOperating income, FY2021: 102.21M CNYOperating income, FY2022: 349.82M CNYOperating income, FY2023: 172.93M CNYOperating income, FY2024: 352.16M CNYOperating income, FY2025: 344.55M CNYNet income, FY2021: 92.39M CNYNet income, FY2022: 328.03M CNYNet income, FY2023: 168.9M CNYNet income, FY2024: 339.51M CNYNet income, FY2025: 344.26M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.34B CNY. Revenue FY2022 1.18B CNY. Revenue FY2023 1.6B CNY. Revenue FY2024 1.88B CNY. Revenue FY2025 2.11B CNY. Operating income FY2021 102.21M CNY. Operating income FY2022 349.82M CNY. Operating income FY2023 172.93M CNY. Operating income FY2024 352.16M CNY. Operating income FY2025 344.55M CNY. Net income FY2021 92.39M CNY. Net income FY2022 328.03M CNY. Net income FY2023 168.9M CNY. Net income FY2024 339.51M CNY. Net income FY2025 344.26M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.11B CNY1.88B CNY1.6B CNY1.18B CNY1.34B CNY
Cost of goods sold1.12B CNY986.96M CNY911.85M CNY743.94M CNY817.2M CNY
Gross profit994.31M CNY895.08M CNY686.5M CNY433.16M CNY527.62M CNY
Research and development214.77M CNY201.48M CNY172.74M CNY41.48M CNY197.09M CNY
Selling, general, and administrative151.22M CNY141.96M CNY131.16M CNY78.1M CNY183.48M CNY
Operating expenses649.76M CNY542.92M CNY513.56M CNY75.41M CNY417.47M CNY
Interest income5.05M CNY13.37M CNY5.09M CNY2.82M CNY1.14M CNY
Interest expense14.12M CNY17.83M CNY15.92M CNY23.27M CNY14.1M CNY
Depreciation and amortization35.55M CNY47.75M CNY46.51M CNY49.42M CNY63.28M CNY
Operating income344.55M CNY352.16M CNY172.93M CNY349.82M CNY102.21M CNY
Net income344.26M CNY339.51M CNY168.9M CNY328.03M CNY92.39M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.4

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.810.570.330.09Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.112, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual 0.756, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 9, 2023: actual 0.163, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.269, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 9, 2024: actual 0.394, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 0.479, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 0.513, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 0.401, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.35B1.1B844.32M590.58MQ2 '22No estimateQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q2 2022, reported Jun 30, 2022: actual 643.08M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual 714.96M HKD, estimate 1.3B HKD, surprise -44.97%, Miss. Q3 2023, reported Aug 9, 2023: actual 779.87M HKD, estimate 1.3B HKD, surprise -39.98%, Miss. Q1 2024, reported Mar 28, 2024: actual 970.89M HKD, estimate 1.3B HKD, surprise -25.28%, Miss. Q3 2024, reported Aug 9, 2024: actual 1.07B HKD, estimate 1.3B HKD, surprise -17.43%, Miss. Q1 2025, reported Mar 25, 2025: actual 939.33M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 1.07B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 1.25B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.8274

2025 complete year+218.1% since 2018

2026 partial: HK$0.335

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 21, 2026

HK$0.335

Semi-Annual

Record Aug 25, 2026 · Payment Sep 18, 2026

Dividend

Ex-dividend Aug 15, 2025

HK$0.34

Semi-Annual

Record Aug 19, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend Apr 29, 2025

HK$0.4874

Semi-Annual

Record May 1, 2025 · Payment May 23, 2025

Dividend

Ex-dividend Aug 22, 2024

HK$0.2185

Semi-Annual

Record Aug 24, 2024 · Payment Sep 13, 2024

Dividend

Ex-dividend May 17, 2024

HK$0.2643

Semi-Annual

Record May 21, 2024 · Payment Jun 12, 2024

Dividend

Ex-dividend Aug 22, 2023

HK$0.3714

Semi-Annual

Record Aug 23, 2023 · Payment Sep 29, 2023

2488.HK peers

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