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New Huo Technology Holdings Limited
(1611)
New Huo Technology Holdings Limited (1611) vs. iShares MSCI Hong Kong ETF (EWH)
New Huo Technology Holdings Limited Business Overview & Revenue Model
New Huo Technology Holdings Limited Financial Statement Overview
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.66B | 1.57B | 2.83B | 9.06B | 610.71M |
| Gross Profit | 47.63M | 44.22M | 10.39M | 110.85M | 302.63M |
| EBITDA | -1.65M | 62.19M | -247.33M | -129.99M | 219.06M |
| Net Income | -9.21M | 54.32M | -287.37M | -199.67M | 141.48M |
Balance Sheet | |||||
| Total Assets | 1.32B | 461.07M | 748.64M | 1.07B | 878.13M |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 196.85M | 336.71M | 620.05M | 555.49M |
| Total Debt | 491.65M | 4.87M | 467.20M | 590.20M | 349.47M |
| Total Liabilities | 559.61M | 179.16M | 534.87M | 921.31M | 599.52M |
| Stockholders Equity | 757.12M | 281.91M | 206.35M | 134.93M | 278.61M |
Cash Flow | |||||
| Free Cash Flow | 14.34M | -10.76M | -263.08M | -335.04M | 166.87M |
| Operating Cash Flow | 16.51M | -10.73M | -245.19M | -314.84M | 181.61M |
| Investing Cash Flow | 86.08M | -21.92M | 11.48M | -133.92M | 9.51M |
| Financing Cash Flow | 272.51M | -223.77M | 302.06M | 232.85M | -45.15M |
New Huo Technology Holdings Limited Technical Analysis
New Huo Technology Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$3.08B | 1.00 | 93.70% | 46.02% | 12.26% | 2497.49% | |
69 Neutral | HK$640.77M | 4.24 | 3.60% | 3.73% | 2.10% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$3.06B | 4.72 | 8.36% | 1.01% | 46.98% | 130.04% | |
55 Neutral | HK$1.85B | -8.29 | -0.93% | ― | 14.06% | 4.41% | |
47 Neutral | HK$570.24M | -80.15 | -20.63% | ― | -0.23% | -98.74% | |
42 Neutral | HK$1.91B | -317.54 | -19.51% | ― | 344.37% | -288.45% |
New Huo Technology Holdings Limited Corporate Events
Sinohope Technology Holdings Limited has called an extraordinary general meeting for 27 February 2026 in Hong Kong to seek shareholder approval for a corporate rebranding and constitutional overhaul. The board is proposing to change the company’s English name to Bitfire Group Holdings Limited and its Chinese name to 新火集團控股有限公司, subject to approval by the British Virgin Islands registrar.
In tandem with the name change, the company is asking shareholders to approve a second amended and restated memorandum and articles of association, consolidating proposed changes into a new governing document. Directors and the company secretary would be authorised to handle all necessary filings and registrations, streamlining implementation and signalling a formal transition in the group’s corporate identity and governance framework.
The most recent analyst rating on (HK:1611) stock is a Sell with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has announced arrangements for an extraordinary general meeting (EGM) to consider a proposed change of company name and amendments to its articles of association. The EGM will be held in Hong Kong on 27 February 2026, with the share register closed from 24 to 27 February to determine shareholders eligible to attend and vote, and the company will send a circular, notice of meeting and proxy form to shareholders in due course, outlining the resolutions and voting procedures for these corporate governance changes.
The most recent analyst rating on (HK:1611) stock is a Sell with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has convened its annual general meeting for 27 February 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 30 September 2025, consider the re-election of directors Weng Xiaoqi, Du Jun and Dr. Lam Lee G., and approve the remuneration of both directors and the external auditor, Moore CPA Limited. The AGM will also seek shareholder approval to grant the board a general mandate to issue new shares and related convertible instruments within prescribed limits under Hong Kong listing rules, a move that, if passed, would give the company additional flexibility to raise capital, support future corporate actions and manage its capital structure, potentially affecting existing shareholders through future equity dilution and governance decisions.
The most recent analyst rating on (HK:1611) stock is a Sell with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has proposed changing its English name to Bitfire Group Holdings Limited and its Chinese name to 新火集團控股有限公司, subject to shareholder approval at an extraordinary general meeting and approval by the Registrar of Corporate Affairs in the British Virgin Islands. The board believes the new name will better reflect the group’s future strategic direction and present a refreshed corporate image to support its business development, without affecting shareholders’ rights or the validity and tradability of existing share certificates. Following the effective date of the name change, new share certificates and, subject to exchange approval, a new stock short name, website address, and corporate logo will be adopted, while existing certificates will remain valid but may be exchanged for new ones at shareholders’ expense.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings reported a more than fourfold surge in revenue to HK$8.66 billion for the year ended 30 September 2025, driven almost entirely by explosive growth in its crypto asset trading business, which jumped 466.5% year-on-year to HK$8.61 billion. Despite the sharp revenue increase and a modest rise in gross profit to HK$47.6 million, the company swung from a profit of HK$56.3 million in the prior year to a loss before tax of HK$9.6 million, as gross margin collapsed from 2.8% to 0.6% and fair value losses on crypto assets, higher operating expenses and reduced net cash weighed on results. A provisional gain on bargain purchase and other income provided some offset, while total equity more than doubled to HK$757.1 million, indicating a strengthened balance sheet even as earnings per share turned negative, underscoring the high-volume but thin-margin and volatile nature of its crypto trading model for shareholders.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has issued a profit warning for the twelve months ended 30 September 2025, indicating it expects to post a net loss of no more than HK$10.0 million, compared with a net profit of approximately HK$56.3 million a year earlier. The downturn is mainly attributed to the impact of a very substantial acquisition that, despite generating a provisional bargain purchase gain of about HK$60.9 million, resulted in a consolidated net loss of roughly HK$58.6 million, together with the absence of last year’s one-off reversal of an impairment on an FTX-related deposit of around HK$85.9 million, partially offset by a HK$10.3 million reversal of other receivables impairment and reduced gains from cryptocurrency fair value changes. The board stressed that these figures are based on unaudited management accounts and may change upon finalisation of the audited annual results, which are scheduled to be announced on 30 December 2025, and advised shareholders and potential investors to exercise caution when trading the company’s shares.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has announced that its board of directors will meet on December 30, 2025, to consider and approve the company’s annual results for the year ending September 30, 2025. The board will also discuss the potential declaration of a final dividend, which could impact the company’s financial strategy and shareholder returns.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has announced a grant of share awards to four service providers who contribute to key areas such as client management, risk control, and product development in the cryptocurrency and virtual asset sectors. The share awards are tied to performance targets to incentivize and retain these providers, aligning with industry practices and aiming to enhance the company’s operations and development.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited has announced a strategic Bitcoin purchase plan, aiming to invest up to US$5 million in Bitcoin to diversify its asset portfolio. The company has already acquired approximately 24.29 units of Bitcoin, reflecting confidence in Bitcoin’s long-term investment value amid current market conditions.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.
Sinohope Technology Holdings Limited, incorporated in the British Virgin Islands, has announced a change in the address of its principal place of business in Hong Kong. Effective from November 24, 2025, the company will relocate to Room 4201–5, 42/F, COSCO Tower, 183 Queen’s Road Central, Hong Kong. This move may reflect strategic operational adjustments or expansion efforts, potentially impacting stakeholders and the company’s market positioning.
The most recent analyst rating on (HK:1611) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.