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1421.HK — HKEX Electrical Components & Equipment

1421.Hk

HK$0,41

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Mcap

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P/E

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EV / Rev

—

Div yield

—

Op margin

-13,0 %

ROE

-20,1 %

Net margin

-15,2 %

Debt / equity

0,09

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

The company designs, develops, and sells electrical components and equipment, primarily generating revenue through the sale of industrial goods to manufacturing and infrastructure clients.

Business. The company designs, develops, and sells electrical components and equipment, primarily generating revenue through the sale of industrial goods to manufacturing and infrastructure clients.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryElectrical Components & Equipment

ActivityIndustrial Goods

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

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

-20,1 %

return on equity

Quality

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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

No recent newsroom coverage mentioning 1421.

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−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 1421.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

The company designs, develops, and sells electrical components and equipment, primarily generating revenue through the sale of industrial goods to manufacturing and infrastructure clients.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryElectrical Components & Equipment

ActivityIndustrial Goods

AI synthesis

GENERATED

The company's capital structure is characterized by a low debt-to-equity ratio of 0.09, indicating a conservative leverage profile. However, the liquidity position is rated as medium, with a current ratio of 2.84, suggesting the company has sufficient short-term assets to cover its liabilities, but with limited excess. Free cash flow is negative at -18.48 million HKD, and operating cash flow is also negative at -15.11 million HKD, signaling cash flow constraints.

Profitability metrics are weak, with a return on equity of -20.12% and a return on assets of -9.85%, both significantly below the industry median for electrical components and equipment. The company reported a net loss of 21.76 million HKD and an operating loss of 18.60 million HKD, indicating a challenging operating environment.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks. The absence of segment or geographic breakdown in the financial data limits the ability to assess the company's exposure to different markets.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the most recent period. The operating loss and negative cash flows suggest operational inefficiencies or declining demand. The outlook for the next fiscal year is not provided, but the current financial performance raises concerns about the company's ability to sustain operations without external financing.

The company faces moderate liquidity risk, as indicated by the negative net cash position after subtracting total debt. The dilution risk is rated as low, with no significant dilution events reported in the recent financial data. However, the negative free cash flow and operating cash flow suggest the company may need to raise additional capital, which could lead to future dilution.

Recent financial filings and transcripts do not provide detailed insights into the company's strategic direction or operational challenges. The absence of recent earnings call transcripts or 10-K filings limits the ability to assess management's response to the current financial situation. The company's financial performance and risk profile suggest a need for closer monitoring of its capital structure and operational efficiency.

Key takeaways

The company is operating at a net loss with negative cash flows, indicating significant financial distress.
The low debt-to-equity ratio suggests a conservative capital structure, but the negative net cash position raises liquidity concerns.
The company's profitability metrics are well below industry medians, highlighting operational inefficiencies.
The lack of geographic and segment diversification increases exposure to regional and sector-specific risks.
The company's growth trajectory is unclear, with no disclosed revenue growth and a negative operating performance.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

HK$0,41

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

—

EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

HK$108.1M

Net cashⓘ

-HK$4.0M

Current ratioⓘ

2.8

Debt / equityⓘ

0.1

ROAⓘ

-9.8%

ROEⓘ

-20.1%

Cash conversionⓘ

69.0%

CapEx / revenueⓘ

-2.5%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

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 riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin-13,0 %Bottom quartile

Net Margin-15,2 %Bottom quartile

ROE-20,1 %Bottom quartile

Capex / Rev-2,5 %Above median

D/E0,09Above median

Cash Conv0,69Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

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

1421.HK Market data — financials · 2026-05-26

Ownership & reference

Leadership

Yancheng LiuExecutive Chairman of the Board

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

1421.HKCanonical

HKEX · HKD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

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

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread