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Impro Precision Industries Limited
(1286)
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Rating:74Outperform
Price Target:
HK$9.50
▲(87.75% Upside)
Action:Reiterated
Date:04/28/26
The score is driven primarily by solid financial fundamentals (profitability and manageable leverage) tempered by weaker cash-flow conversion and free-cash-flow volatility. Technicals add meaningful support due to a strong uptrend with healthy, non-overbought momentum, while valuation is reasonable with a moderate P/E and modest yield.
Positive Factors
Sustained Profitability & Margins
Consistently healthy margins indicate the company captures value in precision manufacturing and can absorb some cost inflation. Durable margins support internal reinvestment, predictable earnings power, and competitiveness in industrial contracts over the medium term.
Negative Factors
Weak Cash Conversion
Low cash conversion and a sharp FCF decline reduce the firm’s ability to self-fund investments, dividends, and debt repayment. Over the medium term this raises reliance on external financing and increases vulnerability to working‑capital swings or adverse demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability & Margins
Consistently healthy margins indicate the company captures value in precision manufacturing and can absorb some cost inflation. Durable margins support internal reinvestment, predictable earnings power, and competitiveness in industrial contracts over the medium term.
Read all positive factors
Impro Precision Industries Limited (1286) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.64B
Dividend Yield3.23%
Average Volume (3M)1.47M
Price to Earnings (P/E)21.1
Beta (1Y)0.73
Revenue Growth8.72%
EPS Growth12.71%
CountryHK
Employees7,778
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.38
Shares Outstanding1,947,285,600
10 Day Avg. Volume2,038,787
30 Day Avg. Volume1,469,679
Financial Highlights & Ratios
PEG Ratio1.09
Price to Book (P/B)1.64
Price to Sales (P/S)1.80
P/FCF Ratio33.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$14.20Price Target Upside180.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.44
Revenue Forecast (FY)HK$6.10B
Impro Precision Industries Limited Business Overview & Revenue Model
Company Description
Impro Precision Industries Limited operates internationally, including in the United States, Europe, and the People's Republic of China, specializing in the design, manufacture, and distribution of advanced casting and precision-machined component...
How the Company Makes Money
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Impro Precision Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.10B | 4.69B | 4.60B | 4.35B | 3.78B |
| Gross Profit | 1.40B | 1.27B | 1.18B | 1.40B | 1.13B |
| EBITDA | 1.33B | 1.18B | 1.16B | 1.17B | 913.93M |
| Net Income | 726.18M | 644.30M | 585.09M | 581.95M | 382.78M |
Balance Sheet | |||||
| Total Assets | 9.39B | 8.17B | 8.30B | 7.76B | 7.04B |
| Cash, Cash Equivalents and Short-Term Investments | 720.94M | 601.75M | 630.85M | 483.29M | 578.96M |
| Total Debt | 2.43B | 2.20B | 2.26B | 2.21B | 1.54B |
| Total Liabilities | 3.77B | 3.43B | 3.40B | 3.36B | 2.66B |
| Stockholders Equity | 5.60B | 4.72B | 4.88B | 4.38B | 4.36B |
Cash Flow | |||||
| Free Cash Flow | 276.19M | 534.22M | 570.04M | 71.33M | -635.76M |
| Operating Cash Flow | 1.18B | 1.15B | 1.28B | 782.29M | 401.09M |
| Investing Cash Flow | -988.38M | -690.00M | -772.89M | -1.22B | -1.03B |
| Financing Cash Flow | -95.94M | -467.17M | -359.69M | 379.45M | 579.93M |
Impro Precision Industries Limited Technical Analysis
Negative
5.06
Price Trends
9.64
Negative
8.70
Negative
6.75
Positive
Market Momentum
-0.35
Negative
41.84
Neutral
41.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1286, the sentiment is Negative. The current price of 5.06 is below the 20-day moving average (MA) of 8.83, below the 50-day MA of 9.64, and below the 200-day MA of 6.75, indicating a neutral trend. The MACD of -0.35 indicates Negative momentum. The RSI at 41.84 is Neutral, neither overbought nor oversold. The STOCH value of 41.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1286.
Impro Precision Industries Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$15.64B | 21.13 | 13.39% | 3.23% | 8.72% | 12.71% | |
73 Outperform | HK$29.93B | 7.83 | 14.66% | 3.32% | 9.96% | 7.15% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$2.11B | 6.20 | 17.97% | 2.25% | 14.32% | -19.44% | |
58 Neutral | HK$7.44B | 8.33 | 8.89% | 2.50% | 12.91% | 76.99% | |
45 Neutral | HK$2.08B | 8.66 | -69.18% | ― | -10.60% | ― | |
44 Neutral | HK$11.50B | -113.69 | -4.51% | ― | 32.20% | 15.51% |
* Industrials Sector Average
HK:1286
Impro Precision Industries Limited
8.03
5.17
180.97%
HK:0658
China High Speed Transmission Equipment Group Co
1.27
0.04
3.25%
HK:1882
Haitian International Holdings
18.75
-0.86
-4.41%
HK:0558
L.K. Technology Holdings Limited
1.55
-1.79
-53.58%
HK:2722
Chongqing Machinery & Electric Co. Ltd. Class H
2.02
0.86
74.74%
HK:2432
Shenzhen Dobot Corp Ltd Class H
26.14
-29.41
-52.94%
Impro Precision Industries Limited Corporate Events
Impro Aerotek Launches Employee Share Ownership Plan with RMB120 Million Share Issue
Jun 22, 2026
Impro Aerotek Limited, an indirect wholly owned subsidiary of Impro Precision Industries, has issued 40,597,600 new shares, representing about 4.88% of its equity, to employee shareholding partnerships under a newly adopted employee share ownershi...
Impro Precision Raises HKD539 Million Via Share Placing and Top-Up Subscription
Jun 3, 2026
Impro Precision Industries Limited has completed a placing of 60 million existing shares and a top-up subscription of 60 million new shares, both priced at HKD9.10, with the new shares representing about 3.08% of its enlarged share capital. The sh...
Impro Precision Launches Share Placing and Top-Up Subscription for Up to 60 Million Shares
May 26, 2026
Impro Precision Industries Limited has entered into a placing and top-up subscription arrangement involving up to 60,000,000 existing shares, representing about 3.18% of its issued share capital. The transaction will see a shareholder (the Seller)...
Impro Precision Wins Strong Shareholder Backing for All AGM Resolutions
May 26, 2026
Impro Precision Industries Limited reported that all ordinary resolutions put to shareholders at its annual general meeting on 26 May 2026 were approved by poll, including the adoption of the 2025 audited financial statements and the re-election o...
Impro Precision Lifts 2026 Sales Forecast After Strong First-Quarter Revenue Gain
Apr 27, 2026
Impro Precision Industries Limited reported a 22.5% year-on-year rise in revenue to HK$1.43 billion for the first quarter of 2026, driven by robust growth in diversified industrials and aerospace, energy and medical segments, particularly demand l...
Impro Precision Sets 2026 AGM to Renew Mandates and Governance Framework
Apr 17, 2026
Impro Precision Industries Limited has called its annual general meeting for 26 May 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025 and receive reports from the board...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.