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Companies Financials 1945.HK
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1945.HK HKEX Investment Management & Fund Operators

1945.Hk

HK$1,57
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1D5D1M3M6MYTD1Y5YMax
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Mcap
P/E
EV / Rev
Div yield
Op margin
35,6 %
ROE
11,0 %
Net margin
30,4 %
Debt / equity
0,09
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

1945.HK operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.

Business. 1945.HK operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.

Classification92 %
SectorFinancials
Business sectorBanking & Investment Services
IndustryInvestment Management & Fund Operators
ActivityBanking & Investment Services
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
11,0 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 1945.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 1945.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    1945.HK operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.

    Classification92 %
    SectorFinancials
    Business sectorBanking & Investment Services
    IndustryInvestment Management & Fund Operators
    ActivityBanking & Investment Services
    AI synthesis
    GENERATED

    1945.HK maintains a strong liquidity position, with a current ratio of 2.06 and cash and equivalents amounting to CNY 116.5 million, indicating the company can easily cover its short-term obligations. The company's debt-to-equity ratio is 0.09, suggesting a conservative capital structure with minimal leverage. This low leverage, combined with a high return on equity of 11.03%, indicates efficient use of equity capital to generate returns.

    The company's profitability is reflected in its return on assets of 6.18%, which is a measure of how effectively the company uses its assets to generate earnings. While the company's operating income of CNY 82.5 million and net income of CNY 70.4 million are positive, the performance relative to industry medians is not disclosed, making it difficult to assess its competitive standing in terms of profitability.

    1945.HK's revenue is not segmented by geographic region or business line in the provided data, so the extent of geographic or segment concentration cannot be determined. However, the company's primary activity in investment management suggests that its performance is closely tied to the broader financial markets and asset management trends.

    The company's growth trajectory is not explicitly outlined in the provided data, but the absence of negative outlook indicators and the presence of a positive free cash flow of CNY 88.2 million suggest a stable financial position. The company's capital expenditure of CNY -4.7 million indicates a reduction in capital spending, which may reflect a strategic shift or a focus on maintaining current operations rather than expansion.

    The risk assessment for 1945.HK indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's low debt levels and strong cash position reduce the likelihood of liquidity stress, and the absence of dilution risk suggests that the company is not currently issuing new shares to raise capital. No specific dilution sources are identified in the provided data, and the probability of near-term dilution is assessed as low.

    Recent events, including filings and transcripts, are not detailed in the provided data, so no specific recent developments can be cited. The company's financial statements and risk assessment suggest a stable and conservative financial strategy, with no immediate signs of distress or aggressive expansion.

    Key takeaways
    • 1945.HK maintains a conservative capital structure with a low debt-to-equity ratio of 0.09.
    • The company's strong liquidity position, as indicated by a current ratio of 2.06, supports its ability to meet short-term obligations.
    • A return on equity of 11.03% suggests efficient use of equity capital to generate returns.
    • The company's low liquidity and dilution risks, as per the risk assessment, indicate a stable financial position.
    • The absence of detailed segment or geographic revenue breakdown limits the ability to assess exposure to specific markets or business lines.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$1,57
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    HK$638.4M
    Net cash
    HK$61.4M
    Current ratio
    2.1
    Debt / equity
    0.1
    ROA
    6.2%
    ROE
    11.0%
    Cash conversion
    78.0%
    CapEx / revenue
    -2.0%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin35,5 %Above median
    Net Margin30,4 %Above median
    ROE11,0 %Above median
    Capex / Rev-2,0 %Below median
    D/E0,09Below median
    Cash Conv0,78Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 1945.HK Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Jun JiangSenior Vice President
    • Zhiguang HuSenior Vice President

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1945.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage