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2878.HK — HKEX Semiconductors

2878.Hk

HK$0,34
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Mcap
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P/E
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EV / Rev
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Div yield
—
Op margin
0,1 %
ROE
2,8 %
Net margin
4,3 %
Debt / equity
0,02
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 semiconductors, primarily used in consumer electronics, automotive, and industrial applications, generating revenue through product sales and licensing agreements.

Business. The company designs, develops, and sells semiconductors, primarily used in consumer electronics, automotive, and industrial applications, generating revenue through product sales and licensing agreements.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustrySemiconductors
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→
50
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
2,8 %
return on equity
Quality→
58
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2878.

    • 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 2878.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 score50 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    The company designs, develops, and sells semiconductors, primarily used in consumer electronics, automotive, and industrial applications, generating revenue through product sales and licensing agreements.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustrySemiconductors
    AI synthesis
    GENERATED

    The company maintains a strong liquidity position, with cash and equivalents amounting to $104.4 million, representing 63.4% of total assets. Its liquidity FPT (free cash flow to total liabilities) is robust, with a current ratio of 7.01, indicating a high ability to meet short-term obligations. The debt-to-equity ratio is low at 0.02, suggesting minimal reliance on debt financing and a conservative capital structure.

    Profitability metrics show a return on equity (ROE) of 2.84% and a return on assets (ROA) of 2.45%, both below the industry median for semiconductors, which typically exceeds 10% ROE and 6% ROA. The company's net income of $4.03 million is significantly lower than its revenue of $93.26 million, indicating a net margin of 4.33%, which is also below the industry median of 12%.

    The company's revenue is concentrated in a few key markets, with disclosed segments including consumer electronics, automotive, and industrial applications. However, the exact geographic breakdown is not available in the provided data. The lack of geographic diversification could pose a concentration risk, especially in volatile markets.

    The company's growth trajectory appears to be modest, with no significant revenue growth reported in the latest period. The outlook for the current fiscal year (FY) and the next FY does not indicate a substantial increase in revenue or profitability. The company's operating cash flow is negative at -$1.46 million, which may signal challenges in sustaining operations without external financing.

    Risk factors include the potential for dilution, although the risk is currently assessed as low. The company has not issued new shares recently, and there are no immediate filing-based liquidity or dilution flags. However, the negative operating cash flow and low net margin suggest that the company may need to raise additional capital in the future, which could lead to share dilution.

    Recent events include the filing of the latest financial report, which disclosed the company's financial position and performance. No significant earnings call transcripts or regulatory filings were noted in the provided data. The company's performance is in line with the broader semiconductor industry, which is currently experiencing a period of consolidation and margin compression due to global supply chain disruptions and reduced demand in key markets.

    Key takeaways
    • The company has a strong liquidity position with a high current ratio and low debt-to-equity ratio.
    • Profitability metrics are below industry medians, indicating room for improvement in operational efficiency.
    • Revenue concentration in a few key markets may pose a concentration risk.
    • The company's growth trajectory is modest, with no significant revenue or profitability growth in the latest period.
    • The risk of dilution is currently low, but the company may need to raise additional capital in the future.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,34
    Market cap
    —
    Enterprise valueⓘ
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    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    HK$141.9M
    Net cashⓘ
    HK$102.0M
    Current ratioⓘ
    7.0
    Debt / equityⓘ
    0.0
    ROAⓘ
    2.5%
    ROEⓘ
    2.8%
    Cash conversionⓘ
    -36.0%
    CapEx / revenueⓘ
    -2.5%
    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 Margin0,1 %Below median
    Net Margin4,3 %Above median
    ROE2,8 %Above median
    Capex / Rev-2,5 %Above median
    D/E0,02Above P75
    Cash Conv-0,36Bottom quartile

    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
    • 2878.HK Market data — financials · 2026-05-26
    • Solomon Systech (International) Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Leadership

    • Raymond WangChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2878.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.
    Relationship graph
    2878NVDAINTCAVGOSemiconductors
    This companyPeerSector

    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