9987.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.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on 9987.HK open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 18, 26 | HUANG DUODUO HOWARD Officer |
SELL | 24.10K | $1.13M | Direct |
| Aug 18, 26 | HUANG DUODUO HOWARD Officer |
CONVERSION | 18.12K | $639.42K | Direct |
| Aug 12, 26 | KUAI JEFF Officer |
SELL | 14.59K | $696.03K | Direct |
| Aug 12, 26 | KUAI JEFF Officer |
CONVERSION | 23.39K | $626.37K | Direct |
| Jun 1, 26 | WEI ZHE DAVID Director |
STOCK | 4.14K | $0 | Indirect |
| Jun 1, 26 | ZHANG MIN Director |
STOCK | 3.06K | $0 | Indirect |
| Jun 1, 26 | ZHU CHRISTINA XIAOJING Director |
STOCK | 7.57K | $0 | Direct |
| Jun 1, 26 | HOFFMANN DAVID L. Director |
STOCK | 4.60K | $0 | Direct |
| Jun 1, 26 | GE GRACE XIN Director |
STOCK | 4.60K | $0 | Direct |
| Jun 1, 26 | ETTEDGUI EDOUARD Director |
STOCK | 8.10K | $0 | Direct |
| Jun 1, 26 | LU RUBY RONG Director |
STOCK | 7.87K | $0 | Direct |
| Jun 1, 26 | HU FRED ZULIU Director |
STOCK | 13.05K | $0 | Direct |
| Jun 1, 26 | YANG WILLIAM WANG Director |
STOCK | 7.63K | $0 | Direct |
| Jun 1, 26 | DURHAM MIKEL A. Director |
STOCK | 8.45K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
DING ADRIAN |
Chief Financial Officer | 54.08K | Conversion of Exercise of derivative security |
ETTEDGUI EDOUARD |
Director | 67.32K | Stock Award(Grant) |
HU FRED ZULIU |
Director | 12.13M | Stock Award(Grant) |
KUAI JEFF |
Officer | 63.54K | Sale |
LU RUBY RONG |
Director | 73.94K | Stock Award(Grant) |
SHAO ZILI |
Director | 56.55K | Stock Award(Grant) |
WANG WARTON |
Officer | 54.52K | Conversion of Exercise of derivative security |
WAT JOEY |
Chief Executive Officer | 706.25K | Sale |
YANG WILLIAM WANG |
Director | 12.10M | Stock Award(Grant) |
ZHANG LEILA |
Chief Technology Officer | 60.44K | Conversion of Exercise of derivative security |
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 | $11.80B | $11.30B | $10.98B | $9.57B | +4.4% |
| Operating revenue | $11.64B | $11.16B | $10.85B | $9.48B | +4.3% |
| Cost of revenue | $9.76B | $9.41B | $9.09B | $8.14B | +3.7% |
| Gross profit | $2.04B | $1.89B | $1.89B | $1.43B | +7.9% |
| Selling, general & admin | $581.00M | $568.00M | $638.00M | $594.00M | +2.3% |
| Total operating expense | $713.00M | $690.00M | $750.00M | $769.00M | +3.3% |
| Operating income | $1.33B | $1.20B | $1.14B | $658.00M | +10.5% |
| Net interest income | $92.00M | $129.00M | $169.00M | $84.00M | -28.7% |
| Pre-tax income | $1.36B | $1.33B | $1.23B | $687.00M | +2.0% |
| Tax provision | $369.00M | $356.00M | $329.00M | $207.00M | +3.7% |
| Net income | $929.00M | $911.00M | $827.00M | $442.00M | +2.0% |
| Net income to common | $929.00M | $911.00M | $827.00M | $442.00M | +2.0% |
| Basic EPS | 2.52 | 2.34 | 1.99 | 1.05 | +7.7% |
| Diluted EPS | 2.51 | 2.33 | 1.97 | 1.04 | +7.7% |
| EBIT | $1.33B | $1.20B | $1.14B | $658.00M | +10.5% |
| EBITDA | $1.77B | $1.68B | $1.59B | $1.26B | +5.8% |
| Basic shares | 369.00M | 388.00M | 416.00M | 421.00M | -4.9% |
| Diluted shares | 371.00M | 390.00M | 420.00M | 425.00M | -4.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $506.00M | $723.00M | $1.13B | $1.13B | -30.0% |
| Cash & short-term investments | $1.38B | $1.84B | $2.60B | $3.15B | -24.9% |
| Accounts receivable | $95.00M | $79.00M | $68.00M | $64.00M | +20.3% |
| Inventory | $438.00M | $405.00M | $424.00M | $417.00M | +8.1% |
| Total current assets | $2.36B | $2.69B | $3.43B | $3.94B | -12.5% |
| Property, plant & equipment | $4.85B | $4.58B | $4.55B | $4.34B | +6.0% |
| Goodwill & intangibles | $2.21B | $2.13B | $2.20B | $2.27B | +3.7% |
| Total assets | $10.78B | $11.12B | $12.03B | $11.83B | -3.0% |
| Total current liabilities | $2.25B | $2.28B | $2.42B | $2.17B | -1.6% |
| Current debt | $30.00M | $127.00M | $168.00M | $2.00M | -76.4% |
| Total debt | $2.34B | $2.41B | $2.54B | $2.40B | -2.8% |
| Total liabilities | $4.68B | $4.69B | $4.91B | $4.67B | -0.2% |
| Retained earnings | $1.76B | $2.09B | $2.31B | $2.19B | -15.6% |
| Shareholder equity | $5.38B | $5.73B | $6.41B | $6.48B | -6.1% |
| Working capital | $111.00M | $411.00M | $1.01B | $1.77B | -73.0% |
| Net tangible assets | $3.17B | $3.60B | $4.21B | $4.21B | -11.9% |
| Shares issued | 354.74M | 377.70M | 407.25M | 419.00M | -6.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.00B | $980.00M | $901.00M | $478.00M | +2.4% |
| Depreciation & amortisation | $448.00M | $476.00M | $453.00M | $602.00M | -5.9% |
| Stock-based compensation | $42.00M | $41.00M | $64.00M | $42.00M | +2.4% |
| Change in working capital | -$511.00M | -$454.00M | -$358.00M | -$168.00M | -12.6% |
| Operating cash flow | $1.47B | $1.42B | $1.47B | $1.41B | +3.3% |
| Capital expenditure | -$626.00M | -$705.00M | -$710.00M | -$679.00M | +11.2% |
| Investing cash flow | -$5.00M | -$178.00M | -$743.00M | -$522.00M | +97.2% |
| Share buybacks | -$1.14B | -$1.25B | -$613.00M | -$466.00M | +8.4% |
| Dividends paid | -$353.00M | -$248.00M | -$216.00M | -$202.00M | -42.3% |
| Financing cash flow | -$1.69B | -$1.64B | -$716.00M | -$844.00M | -3.2% |
| Free cash flow | $840.00M | $714.00M | $763.00M | $734.00M | +17.6% |
| End cash position | $506.00M | $723.00M | $1.13B | $1.13B | -30.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $3.14B | $3.27B | $2.82B | $3.21B | $2.79B | — | -4.1% |
| Operating revenue | $3.09B | $3.23B | $2.78B | $3.17B | $2.75B | — | -4.3% |
| Cost of revenue | $2.60B | $2.66B | $2.41B | $2.62B | $2.31B | — | -2.1% |
| Gross profit | $537.00M | $615.00M | $409.00M | $582.00M | $476.00M | — | -12.7% |
| Selling, general & admin | $139.00M | $137.00M | $169.00M | $143.00M | $131.00M | — | +1.5% |
| Total operating expense | $177.00M | $168.00M | $207.00M | $178.00M | $161.00M | — | +5.4% |
| Operating income | $360.00M | $447.00M | $202.00M | $404.00M | $315.00M | — | -19.5% |
| Net interest income | $12.00M | $16.00M | $18.00M | $23.00M | $25.00M | — | -25.0% |
| Pre-tax income | $354.00M | $452.00M | $206.00M | $413.00M | $311.00M | — | -21.7% |
| Tax provision | $92.00M | $123.00M | $56.00M | $114.00M | $80.00M | — | -25.2% |
| Net income | $244.00M | $309.00M | $140.00M | $282.00M | $215.00M | — | -21.0% |
| Net income to common | $244.00M | $309.00M | $140.00M | $282.00M | $215.00M | — | -21.0% |
| Basic EPS | 0.70 | 0.88 | 0.40 | — | 0.58 | 0.78 | -20.5% |
| Diluted EPS | 0.70 | 0.87 | 0.40 | — | 0.58 | 0.77 | -19.5% |
| EBIT | $360.00M | $447.00M | $202.00M | $404.00M | $315.00M | — | -19.5% |
| EBITDA | $480.00M | $564.00M | $317.00M | $518.00M | $425.00M | — | -14.9% |
| Basic shares | 348.00M | 353.00M | 359.00M | — | 373.00M | 376.00M | -1.4% |
| Diluted shares | 349.00M | 354.00M | 361.00M | — | 374.00M | 378.00M | -1.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $485.00M | $473.00M | $506.00M | $648.00M | $592.00M | — | +2.5% |
| Cash & short-term investments | $1.39B | $1.43B | $1.38B | $2.12B | $2.15B | — | -3.0% |
| Accounts receivable | $115.00M | $103.00M | $95.00M | $86.00M | $94.00M | — | +11.7% |
| Inventory | $459.00M | $414.00M | $438.00M | $389.00M | $360.00M | — | +10.9% |
| Total current assets | $2.35B | $2.32B | $2.36B | $3.02B | $2.99B | — | +1.3% |
| Property, plant & equipment | $4.86B | $4.87B | $4.85B | $4.58B | $4.54B | — | -0.1% |
| Goodwill & intangibles | $2.27B | $2.24B | $2.21B | $2.18B | $2.17B | — | +1.5% |
| Total assets | $10.87B | $10.84B | $10.78B | $11.03B | $10.98B | — | +0.3% |
| Total current liabilities | $2.44B | $2.30B | $2.25B | $2.28B | $2.16B | — | +5.7% |
| Current debt | $66.00M | $20.00M | $30.00M | $29.00M | — | $129.00M | +230.0% |
| Total debt | $2.30B | $2.31B | $2.34B | $2.27B | $2.23B | — | -0.8% |
| Total liabilities | $4.81B | $4.73B | $4.68B | $4.65B | $4.51B | — | +1.7% |
| Retained earnings | $1.70B | $1.79B | $1.76B | $2.05B | $2.11B | — | -5.1% |
| Shareholder equity | $5.36B | $5.43B | $5.38B | $5.69B | $5.79B | — | -1.4% |
| Working capital | -$86.00M | $15.00M | $111.00M | $731.00M | $835.00M | — | -673.3% |
| Net tangible assets | $3.09B | $3.19B | $3.17B | $3.52B | $3.62B | — | -3.4% |
| Shares issued | 345.39M | 351.42M | 354.74M | 363.94M | 371.07M | — | -1.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $264.00M | $331.00M | $153.00M | $305.00M | $233.00M | -20.2% |
| Depreciation & amortisation | $120.00M | $117.00M | $115.00M | $114.00M | $110.00M | +2.6% |
| Stock-based compensation | $13.00M | $10.00M | $10.00M | $10.00M | $13.00M | +30.0% |
| Change in working capital | -$75.00M | -$11.00M | -$263.00M | -$50.00M | -$80.00M | -581.8% |
| Operating cash flow | $426.00M | $550.00M | $125.00M | $477.00M | $412.00M | -22.5% |
| Capital expenditure | -$127.00M | -$144.00M | -$241.00M | -$126.00M | -$122.00M | +11.8% |
| Investing cash flow | -$32.00M | -$233.00M | $311.00M | -$26.00M | -$218.00M | +86.3% |
| Share buybacks | -$312.00M | -$218.00M | -$452.00M | -$324.00M | -$195.00M | -43.1% |
| Dividends paid | -$101.00M | -$102.00M | -$85.00M | -$88.00M | -$90.00M | +1.0% |
| Financing cash flow | -$386.00M | -$353.00M | -$582.00M | -$398.00M | -$429.00M | -9.3% |
| Free cash flow | $299.00M | $406.00M | -$116.00M | $351.00M | $290.00M | -26.4% |
| End cash position | $485.00M | $473.00M | $506.00M | $648.00M | $592.00M | +2.5% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.66 | 0.70 | +6.1% |
| Mar 2026 | 0.86 | 0.87 | +1.2% |
| Dec 2025 | 0.37 | 0.40 | +8.2% |
| Sep 2025 | 0.75 | 0.76 | +1.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.89 | 1 | $3.50B | +9.1% |
| Next quarter | 0.46 | 1 | $3.04B | +7.7% |
| Current year | 2.89 | 11 | $12.87B | +9.1% |
| Next year | 3.26 | 11 | $13.66B | +6.1% |
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
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 16, 26 | BWG Global | UPGRADE | Mixed | Positive |
| Nov 5, 24 | JP Morgan | UPGRADE | Neutral | Overweight |
| Aug 6, 24 | Macquarie | UPGRADE | Underperform | Outperform |
| Mar 6, 24 | HSBC | MAINTAINED | Buy | Buy |
| Jan 4, 24 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Dec 19, 23 | Deutsche Bank | INITIATED | — | Buy |
| Sep 19, 23 | HSBC | MAINTAINED | Buy | Buy |
| Apr 12, 23 | OTR Global | UPGRADE | Mixed | Positive |
| Feb 1, 23 | Jefferies | DOWNGRADE | Buy | Hold |
| Jan 24, 22 | OTR Global | DOWNGRADE | Positive | Mixed |
| Sep 15, 21 | Macquarie | DOWNGRADE | Neutral | Underperform |
| Apr 6, 21 | Atlantic Equities | INITIATED | — | Overweight |
Dividends & splits
Headlines
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