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Innovax Holdings Limited
(2680)
Innovax Holdings Limited (2680) vs. iShares MSCI Hong Kong ETF (EWH)
Innovax Holdings Limited Business Overview & Revenue Model
Innovax Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 163.33M | 158.02M | 32.68M | 45.24M | 34.86M | 83.95M |
| Gross Profit | 92.54M | 139.53M | 8.71M | 45.24M | 34.86M | 83.95M |
| EBITDA | -33.90M | -33.90M | 3.37M | -3.49M | -4.34M | 4.06M |
| Net Income | -35.29M | -35.29M | 1.77M | -6.58M | -22.52M | 2.38M |
Balance Sheet | ||||||
| Total Assets | 353.03M | 353.03M | 283.60M | 307.62M | 303.34M | 408.03M |
| Cash, Cash Equivalents and Short-Term Investments | 141.35M | 141.35M | 181.54M | 129.98M | 101.14M | 125.80M |
| Total Debt | 1.26M | 1.26M | 330.00K | 1.83M | 721.00K | 3.02M |
| Total Liabilities | 166.15M | 166.15M | 73.11M | 98.90M | 94.78M | 176.96M |
| Stockholders Equity | 186.87M | 186.87M | 210.49M | 208.71M | 208.55M | 231.07M |
Cash Flow | ||||||
| Free Cash Flow | -29.96M | -29.32M | 22.73M | 29.72M | -6.90M | -27.36M |
| Operating Cash Flow | -26.31M | -29.32M | 22.73M | 30.05M | -6.89M | -27.35M |
| Investing Cash Flow | 1.78M | 4.07M | 3.44M | 426.00K | -12.00K | 169.00K |
| Financing Cash Flow | 10.43M | 10.43M | -1.54M | -1.91M | -2.36M | -2.09M |
Innovax Holdings Limited Technical Analysis
Innovax Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$379.20M | 22.07 | 47.28% | ― | 55.42% | 159.42% | |
53 Neutral | HK$639.60M | 110.41 | 2.99% | ― | -22.46% | ― | |
47 Neutral | HK$94.60M | -4.78 | -10.11% | ― | -3.21% | -184.91% | |
45 Neutral | HK$215.59M | -7.30 | -13.85% | ― | 51.58% | 69.53% | |
41 Neutral | HK$116.90M | -0.89 | -28.22% | ― | ― | 48.53% | |
31 Underperform | ― | ― | ― | ― | -73.92% | 75.00% |
Innovax Holdings Limited Corporate Events
Innovax Holdings Limited announced the successful passing of a resolution at its Extraordinary General Meeting held on December 5, 2025. The resolution involved the approval of a Disposal Agreement for the sale of Innovax Credit Limited and Innovax Management Limited to Maine Sky Limited for HK$58.2 million. This transaction, which was approved by the shareholders through a poll, signifies a strategic move by Innovax Holdings to streamline its operations and potentially reallocate resources, impacting its market positioning and stakeholder interests.
Innovax Holdings Limited has announced a potential unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa to acquire all issued shares of the company not already owned by the offeror. The offer is contingent on the completion of certain conditions, including regulatory approvals. The company has dispatched a circular to shareholders detailing the disposal agreement and related recommendations, with an extraordinary general meeting scheduled for December 5, 2025. The outcome of this offer could significantly impact Innovax Holdings’ market positioning and shareholder structure.
Innovax Holdings Limited has announced an extraordinary general meeting to be held on December 5, 2025, to discuss the approval of a Disposal Agreement. This agreement involves the sale of the entire issued share capital of Innovax Credit Limited and Innovax Management Limited to Maine Sky Limited for HK$58.2 million. This strategic move could impact Innovax’s operational focus and financial structure, potentially affecting its market positioning and stakeholder interests.
Innovax Holdings Limited, a company incorporated in the Cayman Islands, has announced the despatch of a circular to its shareholders regarding a connected and discloseable transaction involving the disposal of Innovax Credit and Innovax Management. The circular includes details of the Disposal Agreement, recommendations from the Independent Board Committee, and advice from the Independent Financial Adviser. Shareholders are advised to review these documents before voting on the resolution to approve the Disposal Agreement and related transactions.
Innovax Holdings Limited has announced a delay in the dispatch of both a circular and a composite document related to a possible unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa. The delay is due to the need for additional time to finalize information and obtain necessary approvals from the SFC for the Offeror to become a substantial shareholder. The company has applied for an extension to meet regulatory requirements, with the Executive indicating a willingness to grant consent for this extension. Stakeholders are advised to await further announcements for updates on the offer’s progress.
Innovax Holdings Limited announced its interim results for the six months ended August 31, 2025, reporting a significant turnaround with a profit of HK$18.3 million compared to a loss of HK$22.9 million in the same period last year. Despite a sharp decline in total revenue from HK$93.7 million to HK$12 million, the company achieved profitability through other gains and reduced operating expenses, indicating improved operational efficiency and strategic adjustments.
Innovax Holdings Limited has issued a supplemental announcement regarding a positive profit alert for the six months ending August 31, 2025. The company anticipates recording a profit and total comprehensive income, but acknowledges that the announcement does not meet the standards required by Rule 10 of the Takeovers Code. This alert was issued to comply with timely disclosure requirements, although it was not vetted by the Executive as required. Innovax Holdings plans to address these compliance issues in future announcements. Stakeholders are advised to exercise caution when considering the profit alert in relation to the potential unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa.
Innovax Holdings Limited has announced a conditional sale and purchase agreement involving the issued share capital of Billion Shine International Investment Limited. The agreement includes a possible unconditional mandatory cash offer by AFG Securities Limited on behalf of Mr. Wang Tingfa to acquire all issued shares of Innovax Holdings Limited not already owned by him or parties acting in concert with him. This transaction, valued at HK$270,000,000, will result in Mr. Wang Tingfa and his associates owning 75% of Innovax Holdings’ share capital upon completion. The move is expected to significantly impact the company’s ownership structure and may influence its market positioning.
Innovax Holdings Limited has issued a positive profit alert, indicating an expected profit of HK$15 million to HK$20 million for the six months ending August 31, 2025, a significant turnaround from a loss of HK$22.9 million in the same period of 2024. This improvement is primarily due to net realized and unrealized gains on financial assets, highlighting a positive shift in the company’s financial performance and potentially strengthening its position in the market.
Innovax Holdings Limited has announced that its board of directors will convene on October 28, 2025, to review and approve the company’s unaudited condensed consolidated financial statements for the six months ending August 31, 2025. The meeting will also consider the declaration of an interim dividend, which may have implications for the company’s financial strategy and shareholder returns.