1413.Hk
1413.HK operates in the construction and engineering industry, providing industrial and commercial services, primarily generating revenue through project-based contracts and service delivery.
Business. 1413.HK operates in the construction and engineering industry, providing industrial and commercial services, primarily generating revenue through project-based contracts and service delivery.
At a glance
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
1413.HK operates in the construction and engineering industry, providing industrial and commercial services, primarily generating revenue through project-based contracts and service delivery.
The company's capital structure is characterized by a low debt-to-equity ratio of 0.03, indicating a conservative leverage position. However, the liquidity risk is rated as medium, with negative free cash flow of -75.44 million HKD and negative operating cash flow of -11.48 million HKD, suggesting cash outflows are exceeding inflows. The current ratio of 4.32 implies the company has sufficient current assets to cover its short-term liabilities, but the negative net cash position after subtracting total debt raises concerns about short-term liquidity.
Profitability metrics are severely negative, with a return on equity of -36.74% and a return on assets of -27.3%, both well below the typical thresholds for healthy performance in the construction and engineering industry. The company reported a net loss of 81.52 million HKD, with operating income also in the red at -85.55 million HKD. These figures suggest operational inefficiencies or pricing pressures that are eroding margins and returns.
The company's revenue is not segmented by geographic region or business line in the available data, making it difficult to assess geographic or product concentration risk. However, the lack of diversification in disclosed segments could imply a high dependency on a few key markets or projects, which could expose the company to volatility if those markets or projects underperform.
The company's growth trajectory is currently negative, with a net loss and declining cash flows. There is no indication of a turnaround in the near term, and the outlook for the current fiscal year is not provided in the available data. The absence of positive revenue growth or margin improvement signals a challenging operating environment.
Risk factors include the company's negative free cash flow and operating cash flow, which could limit its ability to fund operations or invest in growth. The dilution risk is rated as low, with no significant changes in shares outstanding between basic and diluted shares, indicating no imminent pressure from share issuance. However, the company's negative net income and cash flow could necessitate future financing, which may involve dilution if equity is raised.
Recent events, such as filings or transcripts, are not detailed in the available data, but the financial snapshot suggests a company in distress. The negative operating and free cash flows, combined with a net loss, indicate a need for operational restructuring or external financing to stabilize the business.
- The company is operating at a net loss with negative cash flows, indicating significant operational challenges.
- A low debt-to-equity ratio suggests a conservative capital structure, but the negative free cash flow raises liquidity concerns.
- Profitability metrics are severely negative, with return on equity and return on assets both in the red.
- The company's financial performance suggests a need for operational improvements or restructuring to restore profitability.
- There is no indication of geographic or segment diversification in the available data, which could increase exposure to market-specific risks.
- The dilution risk is currently low, but the company may need to raise capital in the future, which could lead to share dilution.
Bull / Bear case
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 1413.HK Market data — financials · 2026-05-26
Ownership & reference
Leadership
- Billy CheungExecutive Chairman of the Board