Launch Tech Co. Ltd. Class H (HK:2488)
:2488
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Launch Tech Co. Ltd. Class H
(2488)
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Rating:74Outperform
Price Target:
HK$9.00
â–¼(-9.91% Downside)
Action:UpgradedDate:04/08/26
The score is driven primarily by solid financial performance (strong recent profitability, improved leverage, and better cash generation) and very attractive valuation (low P/E and high dividend yield). This is partly offset by weak technicals, with the stock trading below major moving averages and negative momentum indicators.
Positive Factors
Revenue & Profitability Recovery
Sustained revenue growth and restored profitability through 2024–2025 indicate improved product demand and operating leverage. Strong margins and positive operating profit in 2025 support durable earnings power and reinvestment capacity, improving the company’s ability to fund growth and dividends over the medium term.
Negative Factors
Historic Earnings Volatility
Large historical swings in profitability indicate the company’s earnings remain sensitive to cyclical demand, input costs, or operational execution. This volatility complicates forecasting, capital allocation and investor confidence, increasing the risk that good recent results may not persist through downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Recovery
Sustained revenue growth and restored profitability through 2024–2025 indicate improved product demand and operating leverage. Strong margins and positive operating profit in 2025 support durable earnings power and reinvestment capacity, improving the company’s ability to fund growth and dividends over the medium term.
Read all positive factors
Launch Tech Co. Ltd. Class H (2488) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.36B
Dividend Yield9.59%
Average Volume (3M)644.17K
Price to Earnings (P/E)2.1
Beta (1Y)0.31
Revenue Growth-0.88%
EPS Growth50.26%
CountryHK
Employees1,070
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.40
Shares Outstanding156,595,600
10 Day Avg. Volume579,316
30 Day Avg. Volume644,168
Financial Highlights & Ratios
PEG Ratio-7.83
Price to Book (P/B)2.62
Price to Sales (P/S)1.57
P/FCF Ratio7.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Launch Tech Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Launch Tech Co. Ltd. Class H (2488) is a technology company focused on the development and provision of innovative solutions in the fields of automation, software development, and digital transformation. The company specializes in creating cutting...
Launch Tech Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.86B | 2.04B | 1.88B | 1.60B | 1.18B | 1.34B |
| Gross Profit | 942.15M | 959.33M | 895.08M | 686.50M | 433.16M | 527.62M |
| EBITDA | 451.09M | 326.05M | 410.22M | 235.28M | 119.83M | 179.45M |
| Net Income | 381.79M | 335.35M | 339.51M | 168.90M | 328.03M | 92.39M |
Balance Sheet | ||||||
| Total Assets | 2.18B | 2.17B | 2.00B | 1.86B | 1.99B | 1.56B |
| Cash, Cash Equivalents and Short-Term Investments | 559.11M | 580.39M | 557.39M | 625.58M | 546.51M | 415.39M |
| Total Debt | 305.74M | 271.80M | 267.57M | 414.35M | 560.38M | 398.89M |
| Total Liabilities | 938.91M | 931.84M | 752.84M | 780.38M | 914.66M | 810.02M |
| Stockholders Equity | 1.23B | 1.22B | 1.24B | 1.07B | 1.07B | 745.32M |
Cash Flow | ||||||
| Free Cash Flow | 434.04M | 416.51M | 315.94M | 76.97M | 9.24M | -63.23M |
| Operating Cash Flow | 509.52M | 469.97M | 391.42M | 163.61M | 71.35M | -14.17M |
| Investing Cash Flow | -118.79M | -85.87M | -114.87M | 173.01M | -29.84M | -71.37M |
| Financing Cash Flow | -385.54M | -388.47M | -342.21M | -212.88M | 26.07M | 125.48M |
Launch Tech Co. Ltd. Class H Technical Analysis
Negative
9.99
Price Trends
8.56
Negative
8.46
Negative
9.96
Negative
Market Momentum
-0.12
Positive
44.34
Neutral
34.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2488, the sentiment is Negative. The current price of 9.99 is above the 20-day moving average (MA) of 8.57, above the 50-day MA of 8.56, and above the 200-day MA of 9.96, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 44.34 is Neutral, neither overbought nor oversold. The STOCH value of 34.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2488.
Launch Tech Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$4.28B | 6.69 | 11.16% | 13.26% | -3.80% | -27.62% | |
78 Outperform | HK$5.05B | 2.18 | 15.18% | 8.39% | 2.85% | -33.83% | |
74 Outperform | HK$3.36B | 2.06 | 33.52% | 9.59% | -0.88% | 50.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$9.70B | 377.29 | 2.27% | 0.19% | 32.92% | 67.96% | |
60 Neutral | HK$13.91B | 20.10 | 8.92% | 1.37% | 35.32% | 24.24% | |
59 Neutral | HK$1.74B | 34.32 | 2.32% | 3.20% | 13.35% | -38.32% |
* Consumer Cyclical Sector Average
HK:2488
Launch Tech Co. Ltd. Class H
8.20
-0.34
-3.93%
HK:1057
Zhejiang Shibao Co. Ltd. Class H
5.48
2.88
111.09%
HK:1571
Xin Point Holdings Limited
4.26
1.45
51.60%
HK:1760
Intron Technology Holdings Ltd.
1.60
0.50
45.45%
HK:1809
Prinx Chengshan Holdings Limited
7.90
1.46
22.67%
HK:2025
Ruifeng Power Group Co., Ltd.
12.13
9.98
464.19%
Launch Tech Co. Ltd. Class H Corporate Events
Launch Tech Sets AGM to Approve 2025 Results, Dividend and Share Buy-back Mandate
Apr 2, 2026
Launch Tech Company Limited has called its annual general meeting for 24 April 2026 in Shenzhen, where shareholders will review the directors’ report, approve the 2025 audited financial statements and consider reappointing Da Hua Certified P...
Launch Tech Declares Final 2025 Dividend and Sets Payout, Tax Terms for H Shareholders
Mar 25, 2026
Launch Tech Company Limited has declared a final ordinary cash dividend of RMB 0.41 per share for the financial year ended 31 December 2025, equivalent to HKD 0.466 per H share based on an exchange rate of RMB 1 to HKD 1.1368. The dividend, subjec...
Launch Tech Delivers Higher 2025 Profit and Strengthens Balance Sheet
Mar 25, 2026
Launch Tech Company Limited reported audited consolidated results for 2025, with turnover reaching RMB2,110 million and net profit at RMB350 million, translating into earnings of RMB0.83 per share. The board declared a final dividend of RMB0.41 pe...
Launch Tech Wins HKEX Nod for Major H-Share Conversion
Mar 20, 2026
Launch Tech Company Limited has secured approval from the Hong Kong Stock Exchange to list 194,241,600 converted H shares, completing its H share full circulation plan. The move shifts a substantial portion of its domestic unlisted shares into fre...
Launch Tech Sets March 2026 Board Meeting to Review 2025 Results
Mar 13, 2026
Launch Tech Company Limited has scheduled a board meeting for 25 March 2026 in Shenzhen to review and approve its annual results for the financial year ended 31 December 2025. The directors will also consider whether to declare a dividend and addr...
Launch Tech Receives CSRC Filing Nod for Full Circulation of H Shares
Feb 8, 2026
Launch Tech Company Limited has received a filing notice from the China Securities Regulatory Commission confirming completion of the filing for its H share full circulation plan, under which 194,241,600 domestic unlisted shares will be converted ...
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.