9939.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.
3 more panels on 9939.HK open with an account.
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 | $32.68M | $5.00M | $0 | $0 | — | +553.6% |
| Operating revenue | $32.68M | $5.00M | $0 | $0 | — | +553.6% |
| Cost of revenue | $24.64M | $9.73M | $42.23M | $0 | — | +153.3% |
| Gross profit | $8.04M | -$4.73M | -$42.23M | $0 | — | +270.0% |
| Research & development | $87.39M | $78.14M | $938.91M | $827.97M | — | +11.8% |
| Selling, general & admin | $59.86M | $44.19M | $34.62M | $63.79M | — | +35.4% |
| Total operating expense | $181.34M | $148.41M | $1.02B | $968.82M | — | +22.2% |
| Operating income | -$173.30M | -$153.13M | -$1.07B | -$968.82M | — | -13.2% |
| Net interest income | -$3.84M | -$5.07M | $3.39M | -$1.30M | — | +24.3% |
| Pre-tax income | -$202.96M | -$155.27M | -$1.07B | -$953.28M | — | -30.7% |
| Tax provision | -$2.85M | $18.00K | -$8.04M | $1.08M | — | -15,944.4% |
| Net income | -$200.11M | -$155.29M | -$1.06B | -$954.37M | — | -28.9% |
| Net income to common | -$200.11M | -$155.29M | -$1.06B | -$954.37M | — | -28.9% |
| Basic EPS | — | -0.36 | -2.47 | -2.53 | -2.36 | — |
| Diluted EPS | — | -0.36 | -2.47 | -2.53 | -2.36 | — |
| EBIT | -$199.01M | -$146.00M | -$1.06B | -$945.10M | — | -36.3% |
| EBITDA | -$165.80M | -$128.37M | -$1.04B | -$926.71M | — | -29.2% |
| Basic shares | — | 430.72M | 429.07M | 376.57M | 356.39M | — |
| Diluted shares | — | 430.72M | 429.07M | 376.57M | 356.39M | — |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $32.74M | $147.42M | $445.50M | $865.08M | -77.8% |
| Cash & short-term investments | $32.74M | $147.42M | $455.50M | $875.08M | -77.8% |
| Accounts receivable | $2.80M | $0 | — | — | — |
| Inventory | $12.09M | $2.21M | $0 | $603.50M | +445.9% |
| Total current assets | $55.25M | $171.73M | $472.56M | $1.51B | -67.8% |
| Property, plant & equipment | $149.89M | $165.90M | $190.71M | $251.72M | -9.7% |
| Goodwill & intangibles | $115.39M | $157.28M | $180.07M | $268.61M | -26.6% |
| Total assets | $340.81M | $515.13M | $869.23M | $2.06B | -33.8% |
| Total current liabilities | $127.58M | $166.68M | $224.73M | $318.13M | -23.5% |
| Current debt | $85.00M | $111.76M | $113.70M | $98.90M | -23.9% |
| Long-term debt | $0 | $20.00M | $133.40M | $177.60M | -100.0% |
| Total debt | $86.60M | $133.01M | $253.92M | $286.39M | -34.9% |
| Total liabilities | $158.21M | $221.05M | $411.12M | $559.95M | -28.4% |
| Retained earnings | -$4.14B | -$3.94B | -$3.78B | -$2.72B | -5.1% |
| Shareholder equity | $182.60M | $294.08M | $458.11M | $1.50B | -37.9% |
| Working capital | -$72.33M | $5.05M | $247.83M | $1.19B | -1,532.0% |
| Net tangible assets | $67.20M | $136.80M | $278.04M | $1.23B | -50.9% |
| Shares issued | 498.66M | 447.50M | 447.50M | 447.50M | +11.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$202.96M | -$155.27M | -$1.07B | -$953.28M | -30.7% |
| Depreciation & amortisation | $33.21M | $17.63M | $18.98M | $18.39M | +88.4% |
| Stock-based compensation | $321.00K | -$9.11M | $22.99M | $95.64M | +103.5% |
| Change in working capital | -$22.90M | -$51.14M | -$96.48M | -$197.95M | +55.2% |
| Operating cash flow | -$169.74M | -$199.08M | -$387.58M | -$961.26M | +14.7% |
| Capital expenditure | -$742.00K | -$1.68M | -$2.72M | -$27.65M | +55.8% |
| Investing cash flow | $14.41M | $20.03M | $3.27M | $67.19M | -28.1% |
| Financing cash flow | $40.27M | -$119.67M | -$33.46M | $815.75M | +133.7% |
| Free cash flow | -$170.48M | -$200.76M | -$390.30M | -$988.91M | +15.1% |
| End cash position | $32.74M | $147.42M | $444.03M | $864.47M | -77.8% |
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 | $32.74M | $52.86M | $147.42M | -38.1% |
| Cash & short-term investments | $32.74M | $52.86M | $147.42M | -38.1% |
| Accounts receivable | $2.80M | — | $0 | — |
| Inventory | $12.09M | $3.00M | $2.21M | +303.3% |
| Total current assets | $55.25M | $63.35M | $171.73M | -12.8% |
| Property, plant & equipment | $149.89M | $168.35M | $165.90M | -11.0% |
| Goodwill & intangibles | $115.39M | $143.08M | $157.28M | -19.4% |
| Total assets | $340.81M | $391.89M | $515.13M | -13.0% |
| Total current liabilities | $127.58M | $142.94M | $166.68M | -10.7% |
| Current debt | $85.00M | $86.98M | $111.76M | -2.3% |
| Long-term debt | $0 | $0 | $20.00M | — |
| Total debt | $86.60M | $87.40M | $133.01M | -0.9% |
| Total liabilities | $158.21M | $175.89M | $221.05M | -10.1% |
| Retained earnings | -$4.14B | -$4.02B | -$3.94B | -2.9% |
| Shareholder equity | $182.60M | $216.00M | $294.08M | -15.5% |
| Working capital | -$72.33M | -$79.59M | $5.05M | +9.1% |
| Net tangible assets | $67.20M | $72.93M | $136.80M | -7.8% |
| Shares issued | 498.66M | 447.50M | 447.50M | +11.4% |
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
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.