2126.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 | $283.65M | $158.22M | $173.86M | $145.70M | +79.3% |
| Operating revenue | $283.65M | $158.22M | $173.86M | $145.70M | +79.3% |
| Cost of revenue | $110.57M | $80.90M | $85.64M | $86.95M | +36.7% |
| Gross profit | $173.08M | $77.32M | $88.22M | $58.76M | +123.9% |
| Research & development | $188.38M | $282.99M | $413.62M | $407.82M | -33.4% |
| Selling, general & admin | $145.57M | $145.16M | $117.75M | $160.35M | +0.3% |
| Total operating expense | $415.59M | $536.60M | $658.61M | $755.08M | -22.6% |
| Operating income | -$242.51M | -$459.28M | -$570.39M | -$696.32M | +47.2% |
| Net interest income | $9.52M | $16.21M | $21.61M | $9.75M | -41.3% |
| Pre-tax income | -$552.23M | -$590.62M | -$768.00M | -$846.13M | +6.5% |
| Tax provision | $3.07M | $0 | $0 | $0 | — |
| Net income | -$555.29M | -$590.62M | -$768.00M | -$846.13M | +6.0% |
| Net income to common | -$555.29M | -$590.62M | -$768.00M | -$846.13M | +6.0% |
| Basic EPS | -1.34 | -1.43 | -1.87 | -2.06 | +6.3% |
| Diluted EPS | -1.34 | -1.43 | -1.87 | -2.06 | +6.3% |
| EBIT | -$540.79M | -$578.40M | -$755.58M | -$839.35M | +6.5% |
| EBITDA | -$458.92M | -$488.74M | -$655.75M | -$752.27M | +6.1% |
| Basic shares | 415.79M | 413.63M | 411.53M | 410.09M | +0.5% |
| Diluted shares | 415.79M | 413.63M | 411.53M | 410.09M | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $503.07M | $757.38M | $1.01B | $1.38B | — | -33.6% |
| Cash & short-term investments | $503.07M | $757.38M | $1.01B | $1.38B | — | -33.6% |
| Accounts receivable | — | — | $0 | $5.30M | $0 | — |
| Inventory | $62.00M | $31.26M | $34.78M | $40.16M | — | +98.4% |
| Total current assets | $570.30M | $808.67M | $1.07B | $1.49B | — | -29.5% |
| Property, plant & equipment | $212.18M | $275.53M | $343.11M | $393.71M | — | -23.0% |
| Goodwill & intangibles | $198.52M | $590.15M | $718.30M | $900.65M | — | -66.4% |
| Total assets | $986.89M | $1.68B | $2.15B | $2.79B | — | -41.3% |
| Total current liabilities | $394.39M | $465.05M | $264.47M | $310.83M | — | -15.2% |
| Current debt | $218.10M | $361.63M | $105.00M | $142.30M | — | -39.7% |
| Long-term debt | $18.00M | $19.50M | $157.50M | $92.50M | — | -7.7% |
| Total debt | $262.56M | $422.40M | $318.80M | $279.13M | — | -37.8% |
| Total liabilities | $430.63M | $511.20M | $462.26M | $437.06M | — | -15.8% |
| Retained earnings | -$6.11B | -$5.56B | -$4.97B | -$4.20B | — | -10.0% |
| Shareholder equity | $556.26M | $1.17B | $1.68B | $2.35B | — | -52.4% |
| Working capital | $175.91M | $343.62M | $803.01M | $1.17B | — | -48.8% |
| Net tangible assets | $357.74M | $579.01M | $965.54M | $1.45B | — | -38.2% |
| Shares issued | 416.47M | 415.53M | 412.40M | 411.04M | — | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$555.29M | -$590.62M | -$768.00M | -$846.13M | +6.0% |
| Depreciation & amortisation | $81.88M | $89.66M | $99.83M | $87.07M | -8.7% |
| Stock-based compensation | $4.45M | $37.31M | $34.97M | $82.50M | -88.1% |
| Change in working capital | $62.76M | -$29.81M | $3.19M | -$25.09M | +310.5% |
| Operating cash flow | -$76.85M | -$333.44M | -$398.42M | -$536.72M | +77.0% |
| Capital expenditure | -$1.62M | -$15.43M | -$14.58M | -$100.58M | +89.5% |
| Investing cash flow | -$1.49M | -$15.43M | $9.90M | -$124.08M | +90.4% |
| Financing cash flow | -$169.81M | $90.49M | $275.00K | $112.35M | -287.7% |
| Free cash flow | -$78.46M | -$348.87M | -$413.00M | -$637.30M | +77.5% |
| End cash position | $503.07M | $757.38M | $1.01B | $1.38B | -33.6% |
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2025-12-31 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $503.07M | $646.88M | $757.38M | -22.2% |
| Cash & short-term investments | $503.07M | $646.88M | $757.38M | -22.2% |
| Accounts receivable | — | $25.05M | — | — |
| Inventory | $62.00M | $67.02M | $31.26M | -7.5% |
| Total current assets | $570.30M | $747.04M | $808.67M | -23.7% |
| Property, plant & equipment | $212.18M | $241.92M | $275.53M | -12.3% |
| Goodwill & intangibles | $198.52M | $424.70M | $590.15M | -53.3% |
| Total assets | $986.89M | $1.42B | $1.68B | -30.5% |
| Total current liabilities | $394.39M | $470.35M | $465.05M | -16.1% |
| Current debt | $218.10M | $320.51M | $361.63M | -32.0% |
| Long-term debt | $18.00M | $19.30M | $19.50M | -6.7% |
| Total debt | $262.56M | $372.46M | $422.40M | -29.5% |
| Total liabilities | $430.63M | $510.83M | $511.20M | -15.7% |
| Retained earnings | -$6.11B | -$5.82B | -$5.56B | -4.9% |
| Shareholder equity | $556.26M | $908.61M | $1.17B | -38.8% |
| Working capital | $175.91M | $276.70M | $343.62M | -36.4% |
| Net tangible assets | $357.74M | $483.91M | $579.01M | -26.1% |
| Shares issued | 416.47M | 416.23M | 415.53M | +0.1% |
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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