2385.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 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $334.87M | $461.40M | $359.37M | $605.21M | — | -27.4% |
| Operating revenue | $334.87M | $461.40M | $359.37M | $605.21M | — | -27.4% |
| Cost of revenue | $264.24M | $349.70M | $266.95M | $470.99M | — | -24.4% |
| Gross profit | $70.63M | $111.70M | $92.42M | $134.22M | — | -36.8% |
| Research & development | $46.52M | $54.10M | $43.03M | $37.92M | — | -14.0% |
| Selling, general & admin | $123.32M | $120.14M | $120.06M | $150.81M | — | +2.6% |
| Total operating expense | $167.48M | $172.15M | $156.87M | $177.02M | — | -2.7% |
| Operating income | -$96.85M | -$60.45M | -$64.45M | -$42.80M | — | -60.2% |
| Net interest income | $3.76M | $9.58M | $11.92M | $7.67M | — | -60.7% |
| Pre-tax income | -$101.54M | -$62.51M | -$61.31M | $10.73M | — | -62.4% |
| Tax provision | $17.13M | -$2.56M | $11.23M | $5.87M | — | +768.1% |
| Net income | -$118.11M | -$58.58M | -$71.45M | $5.21M | — | -101.6% |
| Net income to common | -$118.11M | -$58.58M | -$71.45M | $5.21M | — | -101.6% |
| Basic EPS | — | -0.18 | -0.21 | 0.02 | 0.23 | — |
| Diluted EPS | — | -0.18 | -0.21 | 0.00 | 0.23 | — |
| EBIT | -$99.15M | -$60.51M | -$60.12M | $10.86M | — | -63.9% |
| EBITDA | -$78.10M | -$46.32M | -$50.04M | $22.61M | — | -68.6% |
| Basic shares | — | 331.56M | 342.26M | 314.50M | 352.00M | — |
| Diluted shares | — | 331.56M | 342.26M | 324.50M | 352.00M | — |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $155.68M | $264.55M | $351.52M | $149.04M | — | -41.2% |
| Cash & short-term investments | $155.68M | $267.22M | $366.63M | $529.16M | — | -41.7% |
| Accounts receivable | $7.92M | $27.67M | $15.12M | $28.33M | — | -71.4% |
| Inventory | $131.72M | $167.00M | $196.56M | $246.72M | — | -21.1% |
| Total current assets | $310.02M | $487.75M | $615.87M | $842.85M | — | -36.4% |
| Property, plant & equipment | $49.62M | $60.68M | $48.98M | $45.90M | — | -18.2% |
| Goodwill & intangibles | $20.74M | $17.29M | $1.14M | $4.96M | — | +19.9% |
| Total assets | $414.88M | $612.59M | $723.83M | $962.36M | — | -32.3% |
| Total current liabilities | $201.75M | $210.13M | $210.23M | $230.26M | — | -4.0% |
| Current debt | $74.71M | $34.65M | $55.31M | $0 | — | +115.6% |
| Long-term debt | — | — | — | $0 | $120.36M | — |
| Total debt | $79.91M | $42.20M | $59.71M | $811.00K | — | +89.4% |
| Total liabilities | $216.60M | $243.76M | $229.69M | $262.78M | — | -11.1% |
| Retained earnings | -$151.15M | -$33.04M | $25.54M | $96.98M | — | -357.5% |
| Shareholder equity | $197.59M | $371.01M | $495.16M | $697.81M | — | -46.7% |
| Working capital | $108.27M | $277.62M | $405.64M | $612.59M | — | -61.0% |
| Net tangible assets | $176.85M | $353.71M | $494.02M | $692.85M | — | -50.0% |
| Shares issued | 352.00M | 352.00M | 352.00M | 352.00M | — | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$101.54M | -$62.51M | -$61.31M | $10.73M | — | -62.4% |
| Depreciation & amortisation | $21.04M | $14.19M | $10.08M | $11.74M | — | +48.3% |
| Change in working capital | -$10.74M | $34.71M | -$39.83M | -$12.18M | — | -130.9% |
| Operating cash flow | -$64.92M | $8.82M | -$62.34M | -$26.17M | — | -835.8% |
| Capital expenditure | -$17.97M | -$27.26M | -$4.19M | -$5.97M | — | +34.1% |
| Investing cash flow | -$17.50M | -$26.88M | $341.28M | -$376.80M | — | +34.9% |
| Share buybacks | -$61.50M | -$48.18M | -$131.20M | $0 | — | -27.6% |
| Dividends paid | — | — | — | — | -$2.67M | — |
| Financing cash flow | -$22.91M | -$72.50M | -$78.21M | $200.72M | — | +68.4% |
| Free cash flow | -$82.89M | -$18.44M | -$66.53M | -$32.14M | — | -349.6% |
| End cash position | $155.68M | $264.55M | $351.52M | $149.04M | — | -41.2% |
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 | $155.68M | $220.12M | $264.55M | -29.3% |
| Cash & short-term investments | $155.68M | $222.11M | $267.22M | -29.9% |
| Accounts receivable | $7.92M | $28.60M | $27.67M | -72.3% |
| Inventory | $131.72M | $163.21M | $167.00M | -19.3% |
| Total current assets | $310.02M | $435.22M | $487.75M | -28.8% |
| Property, plant & equipment | $49.62M | $59.98M | $60.68M | -17.3% |
| Goodwill & intangibles | $20.74M | $14.06M | $17.29M | +47.5% |
| Total assets | $414.88M | $555.86M | $612.59M | -25.4% |
| Total current liabilities | $201.75M | $235.52M | $210.13M | -14.3% |
| Current debt | $74.71M | $49.78M | $34.65M | +50.1% |
| Total debt | $79.91M | $56.58M | $42.20M | +41.2% |
| Total liabilities | $216.60M | $267.44M | $243.76M | -19.0% |
| Retained earnings | -$151.15M | -$77.50M | -$33.04M | -95.0% |
| Shareholder equity | $197.59M | $290.82M | $371.01M | -32.1% |
| Working capital | $108.27M | $199.70M | $277.62M | -45.8% |
| Net tangible assets | $176.85M | $276.76M | $353.71M | -36.1% |
| Shares issued | 352.00M | 352.00M | 352.00M | 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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