1825.HK
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $327.81M | $477.73M | $571.39M | $623.43M | — | -31.4% |
| Operating revenue | $327.81M | $477.73M | $571.39M | $623.43M | — | -31.4% |
| Cost of revenue | $271.84M | $390.20M | $479.41M | $516.25M | — | -30.3% |
| Gross profit | $55.97M | $87.53M | $91.98M | $107.18M | — | -36.1% |
| Selling, general & admin | $27.96M | $30.91M | $25.28M | $81.00M | — | -9.6% |
| Total operating expense | $100.37M | $78.75M | $102.71M | $81.51M | — | +27.5% |
| Operating income | -$44.39M | $8.78M | -$10.73M | $25.67M | — | -605.4% |
| Net interest income | -$13.89M | -$17.97M | -$14.90M | -$7.25M | — | +22.7% |
| Pre-tax income | -$62.82M | -$6.06M | -$17.65M | $24.62M | — | -936.9% |
| Tax provision | -$544.00K | $84.00K | $706.00K | $4.70M | — | -747.6% |
| Net income | -$62.28M | -$6.14M | -$18.36M | $19.93M | — | -913.8% |
| Net income to common | -$62.28M | -$6.14M | -$18.36M | $19.93M | — | -913.8% |
| Basic EPS | — | -0.22 | -0.08 | 0.09 | -0.19 | — |
| Diluted EPS | — | -0.22 | -0.08 | 0.09 | -0.19 | — |
| EBIT | -$53.66M | $4.85M | -$7.04M | $31.69M | — | -1,206.9% |
| EBITDA | -$47.07M | $11.91M | -$583.00K | $40.86M | — | -495.0% |
| Basic shares | — | 28.28M | 240.00M | 213.33M | 200.00M | — |
| Diluted shares | — | 28.28M | 240.00M | 213.33M | 200.00M | — |
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $26.05M | $14.71M | $26.96M | $20.85M | — | +77.1% |
| Cash & short-term investments | $26.05M | $14.71M | $26.96M | $20.85M | — | +77.1% |
| Accounts receivable | $14.19M | $50.32M | $123.63M | $98.31M | — | -71.8% |
| Inventory | $38.81M | $20.50M | $28.27M | $52.83M | — | +89.3% |
| Total current assets | $130.58M | $96.20M | $218.95M | $194.35M | — | +35.7% |
| Property, plant & equipment | $52.94M | $54.15M | $61.47M | $65.44M | — | -2.2% |
| Goodwill & intangibles | $15.79M | $21.76M | $21.93M | $22.22M | — | -27.4% |
| Total assets | $218.55M | $250.25M | $321.48M | $301.57M | — | -12.7% |
| Total current liabilities | $197.16M | $208.34M | $280.58M | $241.91M | — | -5.4% |
| Current debt | $56.78M | $105.31M | $188.55M | $145.59M | — | -46.1% |
| Long-term debt | $4.85M | $0 | — | $0 | $18.99M | — |
| Total debt | $66.17M | $109.28M | $194.10M | $151.02M | — | -39.5% |
| Total liabilities | $244.35M | $219.75M | $294.15M | $254.57M | — | +11.2% |
| Retained earnings | -$145.75M | -$99.65M | — | -$75.14M | -$95.07M | -46.3% |
| Shareholder equity | -$25.80M | $30.50M | $27.33M | $47.00M | — | -184.6% |
| Working capital | -$66.58M | -$112.14M | -$61.63M | -$47.55M | — | +40.6% |
| Net tangible assets | -$41.59M | $8.75M | $5.40M | $24.79M | — | -575.6% |
| Shares issued | 41.47M | 34.56M | 24.00M | 24.00M | — | +20.0% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | -$62.82M | -$6.06M | -$17.65M | $24.62M | -936.9% |
| Depreciation & amortisation | $6.60M | $7.07M | $6.46M | $9.17M | -6.6% |
| Change in working capital | $11.20M | $39.26M | -$46.26M | -$5.82M | -71.5% |
| Operating cash flow | $6.19M | $63.44M | -$16.79M | $37.91M | -90.2% |
| Capital expenditure | -$3.86M | -$281.00K | -$1.87M | -$1.44M | -1,273.0% |
| Investing cash flow | $23.58M | $10.32M | -$8.41M | -$3.71M | +128.4% |
| Financing cash flow | -$16.72M | -$85.95M | $31.38M | -$45.96M | +80.5% |
| Free cash flow | $2.33M | $63.16M | -$18.66M | $36.47M | -96.3% |
| End cash position | $26.05M | $14.71M | $26.96M | $20.85M | +77.1% |
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2025-09-30 | 2025-03-31 | YoY |
|---|---|---|---|
| Cash & equivalents | $14.15M | $14.71M | -3.8% |
| Cash & short-term investments | $14.15M | $14.71M | -3.8% |
| Accounts receivable | $90.30M | $50.32M | +79.4% |
| Inventory | $21.00M | $20.50M | +2.4% |
| Total current assets | $140.75M | $96.20M | +46.3% |
| Property, plant & equipment | $51.37M | $54.15M | -5.1% |
| Goodwill & intangibles | $21.76M | $21.76M | 0.0% |
| Total assets | $232.76M | $250.25M | -7.0% |
| Total current liabilities | $199.70M | $208.34M | -4.1% |
| Current debt | $63.63M | $105.31M | -39.6% |
| Total debt | $67.19M | $109.28M | -38.5% |
| Total liabilities | $211.08M | $219.75M | -3.9% |
| Retained earnings | -$107.25M | — | — |
| Shareholder equity | $21.67M | $30.50M | -29.0% |
| Working capital | -$58.95M | -$112.14M | +47.4% |
| Net tangible assets | -$86.00K | $8.75M | -101.0% |
| Shares issued | 345.60M | 345.60M | 0.0% |
Newly listed companies often have nothing on file until their first annual report.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Headlines
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