FIH Mobile Ltd
FIH Mobile Ltd designs, develops, and sells mobile phones and related products, primarily generating revenue through the sale of smartphones and accessories.
Business. FIH Mobile Ltd (2038.HK) is a technology equipment company primarily engaged in the design, manufacturing, and sale of phones and handheld devices. The firm operates within the broader Technology sector, focusing on product-based revenue generation in the consumer electronics hardware market. Specific details regarding operating segments, headquarters location, and additional primary listings are not provided in the available data. Consequently, the company is described at the industry level as a manufacturer of mobile communication devices.
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- 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
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FIH Mobile Ltd (2038.HK) is a technology equipment company primarily engaged in the design, manufacturing, and sale of phones and handheld devices. The firm operates within the broader Technology sector, focusing on product-based revenue generation in the consumer electronics hardware market. Specific details regarding operating segments, headquarters location, and additional primary listings are not provided in the available data. Consequently, the company is described at the industry level as a manufacturer of mobile communication devices.
FIH Mobile Ltd maintains a strong liquidity position, with $1.01 billion in cash and equivalents, representing 26.9% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 0.05, indicating a moderate ability to service liabilities from operating cash flow. The current ratio of 1.33 suggests the company can cover short-term obligations with current assets, though not with significant margin.
Profitability metrics show a return on equity (ROE) of 3.47% and a return on assets (ROA) of 1.41%, both below the industry median for Phones & Handheld Devices. Gross margin is 3.08% (calculated as gross profit / revenue), and operating margin is 1.56%, indicating thin profit margins relative to peers. Net income of $52.7 million represents a 0.79% margin, which is consistent with the industry's capital-intensive nature.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financials. This lack of segment or geographic diversification increases exposure to market-specific risks, particularly in the smartphone manufacturing sector.
Revenue growth is expected to remain flat in the current fiscal year, with a projected 0.0% year-over-year change. The company's free cash flow has turned negative (-$99.2 million), driven by capital expenditures of -$186.7 million, suggesting a focus on long-term infrastructure or production capacity expansion.
Risk factors include low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The debt-to-equity ratio of 0.08 is well below the industry median, and long-term debt of $118.7 million is a small portion of total liabilities. No dilution sources were identified in recent filings, and the number of shares outstanding has remained unchanged between basic and diluted shares.
Recent events include no material regulatory or legal filings in the last 90 days. The company's ESG profile is strong, with a governance score of 74.36 and a controversies score of 100.00, indicating no recent ESG-related controversies. The social pillar score of 56.42 is in line with industry norms.
- FIH Mobile Ltd has a strong liquidity position with $1.01 billion in cash and equivalents.
- Profitability metrics (ROE, ROA, and margins) are below industry medians, indicating competitive pressure.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- Free cash flow has turned negative due to capital expenditures, signaling investment in long-term capacity.
- ESG profile is strong, particularly in governance and controversies, but social pillar score is moderate.
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- FIH Mobile Ltd Market data — financials · 2026-05-26
- FIH Mobile Ltd Market data — ESG · 2026-05-26
Ownership & reference
Leadership
- Yu Yang ChihExecutive Chairman of the Board