Companies ›Industrials ›6908.HK

6908.HK — HKEX Electrical Components & Equipment

6908.Hk

HK$0,39

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1D5D1M3M6MYTD1Y5YMax

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Mcap

451,2M HKD

P/E

—

EV / Rev

—

Div yield

—

Op margin

-136,0 %

ROE

-23,0 %

Net margin

-115,5 %

Debt / equity

0,03

Beta

—

52w range

—

Volume

—

Day range

—

Prev close

—

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 and manufactures electrical components and equipment, primarily serving industrial and technology sectors.

Business. The company designs and manufactures electrical components and equipment, primarily serving industrial and technology sectors.

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

—

valuation pending

Analysts

—

not yet wired

Ownership

—

not yet wired

Profitability→

-23,0 %

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

No recent newsroom coverage mentioning 6908.

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 6908.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 and manufactures electrical components and equipment, primarily serving industrial and technology sectors.

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 0.03, indicating a conservative leverage position. However, the company reported negative operating cash flow of -28.94 million CNY and negative operating income of -132.91 million CNY, suggesting liquidity constraints despite a current ratio of 4.7. The price-to-book ratio of 1.04 and price-to-tangible-book ratio of 1.04 suggest that the market values the company's equity in line with its book value.

Profitability metrics are weak, with a return on equity of -23.04% and a return on assets of -20.23%, both significantly below industry norms. The company's gross profit of 4.41 million CNY is minimal compared to its revenue of 977.59 million CNY, indicating low margin efficiency. The negative net income of -112.89 million CNY further underscores the company's financial challenges.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to sector-specific risks and limits growth opportunities. The absence of segment-specific data makes it difficult to assess the performance of individual product lines or markets.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. The negative operating income and net income suggest a decline in performance, and there is no indication of improvement in the next fiscal year. The company's capital expenditure of -44.88 million CNY indicates a reduction in investment, which may affect long-term growth prospects.

The company faces medium liquidity risk due to negative operating cash flow and a net cash position that is negative after subtracting total debt. The risk of dilution is low, as there is no indication of share issuance or dilution potential in the data provided. The company's financial performance and liquidity position suggest a need for strategic adjustments to improve profitability and cash flow.

Recent events, including filings and transcripts, are not disclosed in the available data. The company's financial performance and liquidity position suggest a need for strategic adjustments to improve profitability and cash flow.

Key takeaways

The company has a low debt-to-equity ratio but faces liquidity constraints due to negative operating cash flow.
Profitability metrics are weak, with negative returns on equity and assets.
Revenue is concentrated in a single segment, increasing exposure to sector-specific risks.
Growth prospects are uncertain, with no indication of improvement in the next fiscal year.
The company's capital expenditure has decreased, which may affect long-term growth.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

HK$0,39

Market cap

HK$509.8M

Enterprise valueⓘ

HK$511.7M

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

1.0x

P / Tangible bookⓘ

1.0x

Tangible book

HK$490.0M

Net cashⓘ

-HK$1.9M

Current ratioⓘ

4.7

Debt / equityⓘ

0.0

ROAⓘ

-20.2%

ROEⓘ

-23.0%

Cash conversionⓘ

26.0%

CapEx / revenueⓘ

-45.9%

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-136,0 %Bottom quartile

Net Margin-115,5 %Bottom quartile

ROE-23,0 %Bottom quartile

Capex / Rev-45,9 %Bottom quartile

D/E0,03Above P75

Cash Conv0,26Below 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

Return On Equity
net_income / total_equity
Price To Book
market_price / (adjusted_book_value / shares_outstanding_diluted)
Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)
Market Cap
market_price * shares_outstanding_diluted
Ev To Revenue
enterprise_value / revenue

Source documents

6908.HK Market data — financials · 2026-05-27

Ownership & reference

Leadership

Zhihong XuExecutive 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

6908.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