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Hengxin Technology Ltd.
(1085)
Hengxin Technology Ltd. (1085) vs. iShares MSCI Hong Kong ETF (EWH)
Hengxin Technology Ltd. Business Overview & Revenue Model
Hengxin Technology Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43B | 2.52B | 2.26B | 2.04B | 1.63B | 1.14B |
| Gross Profit | 444.42M | 467.31M | 434.70M | 375.52M | 296.56M | 260.76M |
| EBITDA | 150.68M | 181.46M | 243.18M | 121.98M | 100.62M | 75.68M |
| Net Income | -54.82M | 42.19M | 69.70M | 63.60M | 71.30M | 61.30M |
Balance Sheet | ||||||
| Total Assets | 5.24B | 4.67B | 4.25B | 2.54B | 2.48B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 891.55M | 1.21B | 1.13B | 1.03B | 1.35B |
| Total Debt | 1.77B | 1.50B | 1.02B | 235.25M | 331.10M | 280.10M |
| Total Liabilities | 2.96B | 2.32B | 1.51B | 653.51M | 690.28M | 495.37M |
| Stockholders Equity | 1.49B | 1.56B | 1.93B | 1.86B | 1.79B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | -1.12M | -2.23M | 297.36M | 403.91M | -333.43M | 358.59M |
| Operating Cash Flow | 10.61M | 21.23M | 321.14M | 461.16M | -312.83M | 376.00M |
| Investing Cash Flow | -32.91M | -65.82M | -438.89M | -38.06M | -59.63M | -63.26M |
| Financing Cash Flow | -18.74M | -37.49M | 236.31M | -118.22M | 17.97M | -27.98M |
Hengxin Technology Ltd. Technical Analysis
Hengxin Technology Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$187.02M | 2.86 | 7.40% | ― | -9.34% | 605.26% | |
63 Neutral | HK$128.70M | 5.63 | 3.56% | ― | 8.78% | 160.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | HK$721.68M | -12.21 | -3.08% | ― | 5.24% | -201.60% | |
54 Neutral | HK$352.00M | -463.16 | -0.09% | ― | -23.93% | -109.41% | |
47 Neutral | HK$884.00M | -34.48 | -0.68% | ― | 6.88% | -49.48% | |
44 Neutral | HK$125.98M | -0.96 | -29.56% | ― | -12.03% | -40.38% |
Hengxin Technology Ltd. Corporate Events
Hengxin Technology Ltd. has called an extraordinary general meeting for 20 January 2026 in Hong Kong to seek shareholder approval for an equity transfer involving a target company under an Equity Transfer Agreement dated 7 December 2025 and a Supplemental Agreement dated 30 December 2025 with Hengtong Group as purchaser. At the meeting, shareholders will be asked to approve and ratify these agreements and to authorise a company director to execute all necessary documents and make non‑material amendments to implement the transaction, with detailed arrangements for proxy voting, share transfer cut‑off dates, and record dates set out to ensure eligible shareholders in Singapore and Hong Kong can participate in the decision.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. has entered into a supplemental agreement with the purchaser and Jiangsu Hengxin to amend the payment terms for the planned disposal of a 39% equity interest in a target company, a transaction classified as both a major and connected transaction. Under the revised arrangement, the purchaser will make a refundable prepayment of RMB350 million, equal to 70% of the consideration, within 15 business days, which will be applied to the first tranche of the consideration once independent shareholders approve the deal. If shareholder approval is not obtained within 30 days of signing the supplemental agreement, both the original equity transfer agreement and the supplemental agreement will terminate, and Hengxin will return the prepayment in full without interest, while the company has also agreed to waive any liability for the purchaser’s earlier delay in paying the first tranche. All other terms of the original equity transfer agreement remain unchanged, and the company has cautioned shareholders and potential investors that completion of the disposal remains subject to several conditions and may not proceed.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Shareholders of Hengxin Technology Ltd. have approved, by poll at an extraordinary general meeting held on 30 December 2025, new framework agreements governing purchases from and sales to Hengtong Group Co., Ltd. and Hengtong Optic-Electric Co., Ltd. through its subsidiary Jiangsu Hengxin Technology Co., Ltd., including setting annual caps for these transactions through the end of 2026. Both the New Purchases Master Agreement and the New Sales Master Agreement, along with broad authorisations for any one director to execute and implement all related documents and actions, were passed as ordinary resolutions with 100% of votes cast in favour, underscoring strong shareholder support for continuing and formalising these connected transactions, which are likely to shape the company’s ongoing commercial ties with key partners and provide clearer visibility over related-party dealings for stakeholders.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology, via its indirect non-wholly owned subsidiary Qinghai Zhongkong, will invest in and construct a 350MW solar thermal power demonstration project in Delingha, Qinghai Province, after securing regulatory approvals for grid connection and land use that convert state-owned agricultural land into construction land for the plant. The project, designed as a tower-based solar thermal power station with a vast heliostat field, molten salt heat storage and a 330kV booster station, is expected to generate about 985.73 GWh of electricity in its first year, deliver stable operating income and potentially higher long-term returns supported by national bond issuance and excess power generation, with construction slated to start in December 2025 and grid connection targeted for December 2027.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. announced that its indirect non-wholly owned subsidiary, Qinghai Zhongkong, has entered into long-term land use compensation agreements for two plots of natural grassland in Delingha, Qinghai Province, to support the operation of the company’s planned 350 MW solar thermal power generation pilot project. In line with provincial regulations, the subsidiary will also pay a grassland vegetation restoration fee to the Delingha municipal authorities, both the land-use rights and the restoration fee being treated as asset acquisitions under International Financial Reporting Standard 16 and Hong Kong listing rules, thereby constituting discloseable transactions that underline the company’s capital commitment and regulatory compliance as it advances its renewable energy strategy in China.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology’s wholly owned subsidiary, Zhangyu Energy Storage (Chengmai) Co., Ltd., has obtained in-principle consent from Hainan Power Grid Co., Ltd. for grid connection of its Zhangyu 200MW/400MWh independent energy storage project in Chengmai County, Hainan Province. The project, which will connect to the 220kV Yulou Station via a new 5km transmission line, is designed to provide grid auxiliary services including peak shaving, valley filling and frequency regulation. The board views this grid-connection consent as a key milestone toward commissioning, aligning with the group’s core strategy in new energy and energy storage and expected to support future business growth and revenue, while shareholders are urged to exercise caution in trading the company’s shares.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology’s indirect non-wholly owned subsidiary Qinghai Zhongkong has signed a RMB120 million construction consultation service contract with Cosin Solar for the Qinghai Project, under which Cosin Solar will provide technical support and project management-related services for the project’s construction. Because Cosin Solar is deemed a connected person at the subsidiary level through overlapping shareholdings and directorships, the deal is classified as a connected and discloseable transaction under Hong Kong Listing Rules, but, having been approved by the board and considered fair, reasonable and on normal commercial terms, it is subject only to reporting and announcement requirements and is exempt from independent financial advice and independent shareholders’ approval.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. issued a clarification announcement regarding a clerical error in the notice of its extraordinary general meeting scheduled for December 30, 2025. The correction pertains to the New Purchases Sales Master Agreement, specifically the roles of Jiangsu Hengxin and Hengtong Group, which were mistakenly reversed. This clarification ensures that stakeholders are accurately informed about the agreements and their implications, maintaining transparency and trust in the company’s operations.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. has announced an extraordinary general meeting scheduled for December 30, 2025, to discuss and approve two significant agreements: the New Purchases Master Agreement and the New Sales Master Agreement. These agreements involve transactions with Hengtong Group and Hengtong Optic-Electric and are aimed at setting proposed annual caps until December 2026. The approval of these agreements is expected to enhance the company’s operational capabilities and strengthen its market position.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. has announced the scheduling of an extraordinary general meeting (EGM) to be held on December 30, 2025, in Hong Kong. The meeting is set to address the New Purchases Master Agreement and New Sales Master Agreement. To facilitate shareholder participation, the company has outlined a book closure period from December 24 to December 30, 2025, during which no share transfers will be registered. This meeting and the associated agreements are significant for the company’s operational and strategic planning, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. announced the disposal of a 39% equity interest in a target company for RMB500 million, which will result in the target becoming a non-wholly owned subsidiary while still consolidating its financial results with Hengxin. This transaction, classified as both a major and connected transaction under Hong Kong’s Listing Rules, requires shareholder approval and involves connected persons, necessitating abstention from voting by certain interested parties.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. announced a further delay in the dispatch of a circular related to its New Purchases and Sales Master Agreements, originally expected by November 21, 2025. The delay, now extended to December 19, 2025, is due to the need for additional time to finalize certain information, impacting the company’s compliance timeline with the Listing Rules and potentially affecting shareholder communications.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. announced a delay in the dispatch of a circular related to its New Purchases Master Agreement and New Sales Master Agreement. Initially planned for release by 21 November 2025, the circular will now be dispatched by 5 December 2025 due to the need for additional time to finalize certain information. This delay may impact the company’s stakeholders as it involves important details and advice from the Independent Board Committee and Financial Adviser.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. has announced the revision and renewal of annual caps for its continuing connected transactions involving purchases and sales agreements with Hengtong Group and Hengtong Optic-Electric. The company has entered into new master agreements to accommodate the anticipated increase in transaction volumes through 2026. These agreements are subject to regulatory requirements due to their scale, and the company will seek approval from independent shareholders, excluding votes from Mr. Cui Wei and his associates, at an upcoming extraordinary general meeting.
The most recent analyst rating on (HK:1085) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.
Hengxin Technology Ltd. has announced that its subsidiary, Zhejiang Zhongguang New Energy Technology Co., Ltd., has entered into a loan agreement worth RMB200 million with Exim New-Type Policy Financial Instruments Co., Ltd. This loan will support the capital needs of the Delingha 350MW tower-based solar thermal power project in Qinghai Province, China. The project is expected to enhance the company’s position in the solar thermal power sector by providing stable and reliable clean energy to the Qinghai grid. The loan aligns with Hengxin’s renewable energy strategy and is anticipated to generate stable long-term revenue, boosting the company’s market reputation and competitiveness.
The most recent analyst rating on (HK:1085) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Hengxin Technology Ltd. stock, see the HK:1085 Stock Forecast page.