1865.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 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $59.07M | $59.12M | $59.75M | $59.10M | -0.1% |
| Operating revenue | $59.07M | $59.12M | $59.75M | $59.10M | -0.1% |
| Cost of revenue | $49.67M | $51.12M | $52.68M | $49.24M | -2.8% |
| Gross profit | $9.40M | $7.99M | $7.07M | $9.86M | +17.7% |
| Selling, general & admin | $23.44M | $18.68M | $12.16M | $9.57M | +25.4% |
| Total operating expense | $23.37M | $19.04M | $12.20M | $8.62M | +22.8% |
| Operating income | -$13.96M | -$11.04M | -$5.14M | $1.25M | -26.5% |
| Net interest income | -$668.00K | -$1.36M | -$1.02M | -$1.13M | +50.9% |
| Pre-tax income | -$12.70M | -$10.48M | -$1.10M | $1.85M | -21.2% |
| Tax provision | $438.00K | $171.00K | $852.00K | $822.00K | +156.1% |
| Net income | -$12.89M | -$11.99M | -$2.06M | $1.02M | -7.6% |
| Net income to common | -$12.89M | -$11.99M | -$2.06M | $1.02M | -7.6% |
| Basic EPS | -0.03 | -0.08 | -0.02 | 0.01 | +62.7% |
| Diluted EPS | -0.03 | -0.08 | -0.02 | 0.01 | +62.7% |
| EBIT | -$11.54M | -$8.75M | $508.00K | $3.41M | -31.9% |
| EBITDA | -$9.40M | -$6.27M | $2.87M | $6.63M | -49.9% |
| Basic shares | 427.10M | 146.93M | 116.97M | 101.17M | +190.7% |
| Diluted shares | 427.10M | 146.93M | 116.97M | 101.17M | +190.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $4.39M | $1.44M | $3.71M | $9.05M | +205.4% |
| Cash & short-term investments | $8.59M | $5.44M | $6.31M | $9.16M | +57.9% |
| Accounts receivable | $14.74M | $4.87M | $12.47M | $12.90M | +202.5% |
| Total current assets | $100.86M | $81.75M | $91.77M | $73.81M | +23.4% |
| Property, plant & equipment | $18.44M | $20.47M | $21.58M | $22.73M | -9.9% |
| Goodwill & intangibles | $65.00K | $0 | $1.02M | $42.00K | — |
| Total assets | $128.37M | $112.13M | $120.35M | $103.13M | +14.5% |
| Total current liabilities | $40.88M | $26.45M | $44.75M | $34.72M | +54.6% |
| Current debt | $17.05M | $10.46M | $12.49M | $21.07M | +63.0% |
| Long-term debt | $2.57M | $12.77M | $15.75M | $23.85M | -79.9% |
| Total debt | $22.11M | $26.60M | $32.39M | $48.99M | -16.9% |
| Total liabilities | $45.96M | $42.27M | $64.20M | $61.96M | +8.7% |
| Shareholder equity | $75.73M | $69.69M | $55.86M | $41.17M | +8.7% |
| Working capital | $59.97M | $55.31M | $47.02M | $39.09M | +8.4% |
| Net tangible assets | $75.67M | $69.69M | $54.83M | $41.13M | +8.6% |
| Shares issued | 736.74M | 155.80M | 121.40M | 101.17M | +372.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$12.70M | -$12.11M | -$1.23M | $1.85M | -4.9% |
| Depreciation & amortisation | $2.15M | $2.48M | $2.37M | $3.22M | -13.6% |
| Stock-based compensation | $0 | $5.15M | $2.37M | $0 | -100.0% |
| Change in working capital | -$8.57M | -$9.47M | -$6.41M | -$26.24M | +9.6% |
| Operating cash flow | -$17.48M | -$10.72M | $1.94M | -$20.07M | -63.1% |
| Capital expenditure | -$312.00K | -$571.00K | -$818.00K | -$1.77M | +45.4% |
| Investing cash flow | -$298.00K | -$7.09M | -$3.31M | -$6.94M | +95.8% |
| Financing cash flow | $18.06M | $13.69M | -$3.71M | $24.46M | +31.9% |
| Free cash flow | -$17.79M | -$11.29M | $1.12M | -$21.85M | -57.6% |
| End cash position | $4.39M | $1.44M | $3.71M | $9.05M | +205.4% |
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2025-09-30 | 2025-03-31 | YoY |
|---|---|---|---|
| Cash & equivalents | $13.93M | $4.39M | +217.0% |
| Cash & short-term investments | $16.64M | $8.59M | +93.7% |
| Accounts receivable | $10.37M | $14.74M | -29.7% |
| Total current assets | $106.50M | $100.86M | +5.6% |
| Property, plant & equipment | $17.91M | $18.44M | -2.9% |
| Goodwill & intangibles | $430.00K | $65.00K | +561.5% |
| Total assets | $133.66M | $128.37M | +4.1% |
| Total current liabilities | $40.37M | $40.88M | -1.3% |
| Current debt | $15.93M | $17.05M | -6.6% |
| Long-term debt | $1.28M | $2.57M | -50.0% |
| Total debt | $19.96M | $22.11M | -9.7% |
| Total liabilities | $44.28M | $45.96M | -3.6% |
| Retained earnings | -$12.75M | — | — |
| Shareholder equity | $67.68M | $75.73M | -10.6% |
| Working capital | $66.13M | $59.97M | +10.3% |
| Net tangible assets | $67.25M | $75.67M | -11.1% |
| Shares issued | 736.74M | 736.74M | 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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