Handelsavisen
prelaunch
Companies ›Information Technology ›2438.HK
24
2438.HK — HKEX Integrated Hardware & Software

2438.Hk

HK$0,30
Open in Charts → Attach watcher ⌖
— —
HKD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
—
Op margin
-21,0 %
ROE
-29,4 %
Net margin
-21,3 %
Debt / equity
0,24
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

The company operates in the Technology Equipment sector, specializing in Integrated Hardware & Software solutions, and generates revenue primarily through the sale and support of its technology products and services.

Business. The company operates in the Technology Equipment sector, specializing in Integrated Hardware & Software solutions, and generates revenue primarily through the sale and support of its technology products and services.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryIntegrated Hardware & Software
ActivityTechnology Equipment
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→
30
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-29,4 %
return on equity
Quality→
55
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2438.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 2438.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • 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

    Composite score30 / 100
    Composite score 0-100 · Data quality 0,55
    Data quality0,55 / 1.00

    Synthesis

    Business

    The company operates in the Technology Equipment sector, specializing in Integrated Hardware & Software solutions, and generates revenue primarily through the sale and support of its technology products and services.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryIntegrated Hardware & Software
    ActivityTechnology Equipment
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a low debt-to-equity ratio of 0.24, indicating a conservative approach to leverage. It maintains a strong liquidity position with a current ratio of 2.57, supported by cash and equivalents of CNY 139.1 million. This liquidity provides a buffer against short-term obligations and supports operational flexibility.

    Profitability metrics reveal a challenging financial position, with a negative return on equity of -29.45% and a return on assets of -18.88%. These figures indicate that the company is not generating returns that meet the cost of equity or assets, which is below the typical performance of the Integrated Hardware & Software industry. The operating loss of CNY 67.8 million and net loss of CNY 68.9 million further underscore the company's current unprofitability.

    The company's revenue of CNY 323.0 million is not segmented by product or geographic region in the available data, making it difficult to assess the concentration of revenue sources. However, the absence of detailed segment reporting suggests that the company may be exposed to risks associated with a lack of diversification in its revenue streams.

    Looking ahead, the company's growth trajectory is uncertain due to its current financial performance. The absence of specific growth metrics or outlooks in the available data means that any projections for future revenue or earnings are speculative. The company will need to address its operating losses and improve its profitability to achieve sustainable growth.

    Risk factors for the company include its current unprofitability and the potential for future dilution, although the risk of dilution is currently assessed as low. The company has not issued any recent warnings or flags related to liquidity or dilution, and there are no immediate filing-based concerns. However, the company's financial performance will need to improve significantly to reduce these risks.

    Recent events and filings do not indicate any material changes in the company's financial or operational status. The company has not issued any significant warnings or updates in its latest filings, and there are no notable transcripts or disclosures that suggest a change in strategy or performance.

    Key takeaways
    • The company is currently unprofitable, with a negative return on equity and return on assets.
    • It maintains a strong liquidity position with a current ratio of 2.57 and significant cash reserves.
    • The company's capital structure is conservative, with a low debt-to-equity ratio.
    • There is no immediate risk of dilution or liquidity issues based on the latest filings.
    • The company's financial performance will need to improve significantly to achieve sustainable growth.
    • The lack of detailed segment reporting limits the ability to assess revenue diversification.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,30
    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$233.8M
    Net cashⓘ
    HK$83.6M
    Current ratioⓘ
    2.6
    Debt / equityⓘ
    0.2
    ROAⓘ
    -18.9%
    ROEⓘ
    -29.4%
    Cash conversionⓘ
    —
    CapEx / revenueⓘ
    —
    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

    Forward curve

    — missing data

    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

    — missing data

    Benchmarks vs cohort

    Op Margin-21,0 %Bottom quartile
    Net Margin-21,3 %Bottom quartile
    ROE-29,4 %Bottom quartile
    D/E0,24Below 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
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Return On Assets
      net_income / total_assets
    Source documents
    • 2438.HK Market data — financials · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2438.HKCanonical
    HKEX · HKD

    Intel & risk

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

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage