MeiG Smart Technology Co., Ltd.

MeiG Smart Technology Co., Ltd.

3268.HK
MeiG Smart Technology Co., Ltd.HK flagHong Kong Stock Exchange
17.85
HKD
-0.41
- -
718.46MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.55
1.89
2.21
2.69
3.11
4.2
3.96
4.75
8.35
9.73
8.26
11.29
14.28
10.58
Basic EPS, GAAP
0.19
0.15
0.18
0.26
0.27
0.2
0.1
0.12
0.5
0.54
0.25
0.52
0.54
0.44
Free Cash Flow per Basic Share
-1.11
-0.09
-0.07
-0.04
-0.12
0.12
-0.03
0.25
-0.92
-0.13
-0.46
-0.6
-0.05
-0.15
Dividend per Share
0.02
0.01
0.01
0.01
0.01
0.06
0.03
0.02
0.04
0.16
0.12
0.1
0.16
0.16
Book Value per Share
1.07
0.8
0.64
0.87
1.13
1.44
1.52
1.64
2.12
2.76
2.75
3.15
3.53
3.91
Tangible Book Value per Share
-0.2
0.89
1.02
1.28
2.39
2.24
2.24
2.34
2.73
3.12
5.18
5.57
6.04
10.06
Basic Weighted Avg Shares
92
160
176
178
206
236
236
236
236
237
260
261
262
259
Sales/Revenue/Turnover
234
303
389
480
642
990
933
1,121
1,969
2,306
2,147
2,941
3,747
2,743
Operating Margin (%)
10.93
9.19
11.05
12.05
10.64
6.76
5.33
4.82
7.18
6.3
3.95
5.91
4.7
5.38
Depreciation Expense
9
13
13
14
13
14
14
10
36
41
54
58
51
- -
Net Income, GAAP
18
25
32
47
56
47
24
27
118
128
65
136
143
114
Effective Tax Rate (%)
13.1
12.29
9.03
17.18
9.66
2.74
- -
- -
- -
15.36
0.82
- -
8.45
12.42
Profit Margin (%)
7.64
8.12
8.2
9.74
8.76
4.71
2.62
2.45
6
5.54
3
4.61
3.81
4.16
Working Capital
-99
41
78
133
401
443
463
401
433
472
981
1,113
1,240
2,263
LT Debt
2
2
3
2
- -
- -
- -
41
25
87
9
1
10
8
Total Equity
102
145
181
228
493
529
549
582
691
820
1,480
1,567
1,702
2,726
Return on Invested Capital (%)
38.2
17.19
18.95
17.26
14.39
11.45
- -
- -
- -
11.82
6.58
- -
8.36
4.63
Return on Capital (%)
35.48
20.48
22.02
24.26
22.43
14.29
- -
- -
- -
14.77
8.24
- -
11.87
7.87
Return on Common Equity (%)
36.33
21.75
26.5
34.85
28.91
16.28
7
7.37
26.65
22.13
9.42
17.65
16.34
12.13

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
393
652
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
10
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
262
302
Market Capitalization
- -
- -
5,086

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,472
3,916
Cash, Cash Equivalents & STI
- -
311
1,358
Accounts Receivable, Net
- -
497
470
Inventories
- -
901
1,309
Total Current Liabilities
- -
1,232
1,653
Payables & Accruals
- -
- -
- -
ST Debt
- -
393
652
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.14%
26.49%
8.64%
Free Cash Flow
-149.18%
-62.68%
-91.38%
Net Income, GAAP
41.93%
80.93%
5.27%
Sales/Revenue/Turnover
27.61%
30.06%
27.39%
Total Cash Common Dividend
76.41%
78.13%
59.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
574
731
876
759
2,941
2025
997
889
- -
926
3,747
2026
928
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.52
2025
0.18
- -
- -
- -
0.54
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.1
2025
0.01
- -
- -
- -
0.16
2026
0.01
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Ping Wang
Full Time Employees
983
Sector
Technology
Industry
Communication Equipment
Address
No. 925 Shenzhen GD People's Republic of China Taichung
IPO Date
Mar 10, 2026
Business
MeiG Smart Technology Co., Ltd. engages in the design, development, and manufacture of wireless communication modules and IoT solutions, with a focus on 4G/5G modules, smart terminals, and related intelligent hardware. The company develops 5G-sub6G and 5G-mmWave M2M modules, NB-IoT and Cat.M modules, 4G/LTE modules, Android-based smart modules, and related wireless data solutions for applications such as POS terminals, logistics and warehousing devices, security and industrial automation, and consumer electronics. It also produces precision structural parts and precision molds for communication terminal products and provides AI-enabled devices and peripherals, including driving recorders, wireless routers, and smart meters. Geographically, MeiG operates with multiple R&D centers and manufacturing capabilities in China and serves global customers through supply chains and partnerships, targeting OEMs and system integrators across general IoT, intelligent connected vehicle (ICV), and wireless broadband sectors. The company is headquartered in Shenzhen, Guangdong Province, and maintains additional development centers in Shanghai and Xi’an, with a broader international footprint supported by partnerships and distributors. Founding year and corporate footprint: MeiG is established in 2007 as a global supplier of cellular modules and IoT solutions, with a strong emphasis on R&D-driven product development and manufacturing. The company operates under a corporate structure that includes subsidiary relationships and collaborations with Tier-1 customers, enabling technology transfer and joint development across markets. In recent years, MeiG expands into on-device AI applications, industrial AI boxes, and smart cockpit or T-Box solutions, reinforcing its position in IoT modules and intelligent hardware ecosystems. The company’s product and service offerings are organized into core categories: wireless communication modules (5G, 4G/LTE, NB-IoT/Cat.M), IoT terminals and smart devices, smart data and payment-enabled solutions, precision components and molds, and AI-enabled hardware platforms. MeiG’s business model emphasizes design, development, manufacturing, and global sales to facilitate rapid time-to-market for customers, with ongoing expansions in AI research, advanced manufacturing, and international collaboration. The organization continues to pursue strategic partnerships, technology collaborations, and capacity expansion to support growth in IoT, automation, and on-device AI markets.