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1985.HK — HKEX IT Services & Consulting

Microware Group Ltd

HK$3,80
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Mcap
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P/E
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EV / Rev
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Div yield
0,00 %
Op margin
1,7 %
ROE
3,7 %
Net margin
0,5 %
Debt / equity
0,31
Beta
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52w range
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Volume
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Day range
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About

Microware Group Ltd maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.31, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.31, suggesting it can cover its short-term obligations but with limited buffer. Free cash flow stands at HKD 14.99 million, which is lower than the operating cash flow of HKD 86.78 million, primarily due to capital expenditures of HKD 7.59 million. Profitability metrics show a return on equity (ROE) of 3.66% and a return on assets (ROA) of 1.12%, both of which are below the industry median for IT Services & Consulting. The company's net income of HKD 8.16 million is derived from an operating income of HKD 24.73 million, with a gross profit of HKD 188.26 million. These figures suggest that the company is generating modest returns relative to its asset base and equity. The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification may expose the company to higher operational and

Business. Microware Group Ltd (1985.HK) is a technology company operating in the IT Services & Consulting industry, providing IT services to clients. The firm is listed on the Hong Kong Stock Exchange under the ticker 1985.HK. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a provider of service-based IT solutions.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryIT Services & Consulting
ActivityIT Services
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→
59
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
3,7 %
return on equity
Quality→
51
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 1985.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,8 %+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 %+10,9 %−0,3 %
    Consumer Staples−0,8 %+4,4 %−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 1985.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 score59 / 100
    Composite score 0-100 · Data quality 0,51
    Data quality0,51 / 1.00

    Synthesis

    Business

    Microware Group Ltd (1985.HK) is a technology company operating in the IT Services & Consulting industry, providing IT services to clients. The firm is listed on the Hong Kong Stock Exchange under the ticker 1985.HK. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a provider of service-based IT solutions.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustryIT Services & Consulting
    ActivityIT Services
    AI synthesis
    GENERATED

    Microware Group Ltd maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.31, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.31, suggesting it can cover its short-term obligations but with limited buffer. Free cash flow stands at HKD 14.99 million, which is lower than the operating cash flow of HKD 86.78 million, primarily due to capital expenditures of HKD 7.59 million.

    Profitability metrics show a return on equity (ROE) of 3.66% and a return on assets (ROA) of 1.12%, both of which are below the industry median for IT Services & Consulting. The company's net income of HKD 8.16 million is derived from an operating income of HKD 24.73 million, with a gross profit of HKD 188.26 million. These figures suggest that the company is generating modest returns relative to its asset base and equity.

    The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification may expose the company to higher operational and market risks, particularly in the event of a downturn in its primary service offerings or regional markets.

    Looking ahead, the company's growth trajectory appears modest. Revenue for the current fiscal year is expected to remain stable, with no significant growth anticipated in the next fiscal year. The company's capital expenditures are expected to remain low, with no major investments planned in the near term. This suggests a conservative approach to growth and expansion.

    Risk factors for Microware Group Ltd include a medium liquidity risk, as indicated by the current ratio and the negative net cash position after subtracting total debt. The company's dilution risk is assessed as low, with no significant dilution expected in the near term. The company has not issued additional shares recently, and there is no indication of a pending equity offering or share buyback program.

    Recent events and disclosures do not highlight any material changes in the company's operations or financial position. The company's latest financial statements and filings do not indicate any significant legal, regulatory, or operational risks that could impact its future performance. The company's management has not disclosed any strategic initiatives or major projects that could drive future growth.

    Key takeaways
    • Microware Group Ltd has a conservative capital structure with a low debt-to-equity ratio of 0.31.
    • The company's profitability metrics, including ROE and ROA, are below the industry median for IT Services & Consulting.
    • Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
    • Growth is expected to be modest, with no significant revenue or capital expenditure increases anticipated.
    • Liquidity risk is medium, and dilution risk is low, with no recent share issuance or buyback activity.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$3,80
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    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$222.6M
    Net cashⓘ
    -HK$70.1M
    Current ratioⓘ
    1.3
    Debt / equityⓘ
    0.3
    ROAⓘ
    1.1%
    ROEⓘ
    3.7%
    Cash conversionⓘ
    1064.0%
    CapEx / revenueⓘ
    -0.5%
    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 Margin1,7 %Below median
    Net Margin0,5 %Below median
    ROE3,7 %Below median
    Capex / Rev-0,5 %Above P75
    D/E0,31Below median
    Cash Conv10,64Best in class

    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
    • Microware Group Ltd Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Guangbo WangExecutive Chairman of the Board

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1985.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    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