BoardWare Intelligence Technology Limited

BoardWare Intelligence Technology Limited

HHKEX:1204
1.16
HKD
-0.14
(-10.77%)
1.08BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.01
0.95
1.07
1.39
1.44
1.3
1.47
- -
Basic EPS, GAAP
0.05
0.06
0.05
0.01
0.01
- -
0.02
- -
Free Cash Flow per Basic Share
0.05
0.03
-0.11
0.14
-0.16
0.04
-0.04
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.22
0.27
0.34
0.66
0.67
0.67
0.69
0.7
Tangible Book Value per Share
0.22
0.26
0.33
0.66
0.67
0.67
0.68
0.69
Basic Weighted Avg Shares
500
500
500
418
500
500
500
500
Sales/Revenue/Turnover
503
475
534
581
718
648
734
- -
Operating Margin (%)
5.87
7.04
5.73
2.44
0.82
-1.03
0.82
- -
Depreciation Expense
7
10
11
13
16
17
21
- -
Net Income, GAAP
25
30
24
3
5
1
8
- -
Effective Tax Rate (%)
13.25
12.57
20
51.35
39.54
40.83
13.6
- -
Profit Margin (%)
5.02
6.28
4.49
0.56
0.63
0.15
1.11
- -
Working Capital
86
91
165
275
270
275
255
269
LT Debt
13
11
10
6
4
6
7
8
Total Equity
109
133
169
331
336
336
345
348
Return on Invested Capital (%)
- -
17.45
12.61
1.32
1.15
-0.84
1.96
- -
Return on Capital (%)
- -
18.84
13.47
1.57
1.42
0.52
2.42
- -
Return on Common Equity (%)
- -
24.65
15.9
1.3
1.35
0.28
2.39
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
45
85
60
LT Borrowings
5
5
5
LT Finance Leases
3
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
500
500
500
Market Capitalization
600
1,000
1,075

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
540
594
575
Cash, Cash Equivalents & STI
33
66
116
Accounts Receivable, Net
166
221
175
Inventories
19
9
14
Total Current Liabilities
261
338
306
Payables & Accruals
- -
- -
- -
ST Debt
45
85
60
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25.44%
2.71%
Free Cash Flow
- -
-247.58%
-201.31%
Net Income, GAAP
- -
121.74%
755.15%
Sales/Revenue/Turnover
- -
9.65%
13.26%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
648
2025
- -
- -
734
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.02
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ka Chon Chao
Full Time Employees
350
Sector
Technology services
Industry
Information technology services
Address
Alameda Dr. Carlos D Assumpção Macau Macau
IPO Date
Jul 15, 2022
Business
BoardWare Intelligence Technology Limited (1204.HK), an investment holding company founded in 2010 and headquartered at Alameda Dr. Carlos d'Assumpção no. 335-341, Hotline Centre, 15/F I-Q and X, Macau, provides comprehensive enterprise IT solutions and services across Macau, Hong Kong, the People's Republic of China including the Guangdong-Hong Kong-Macau Greater Bay Area with branches in Zhuhai, Guangzhou and Beijing, and internationally; its core offerings encompass professional IT services such as data networking, system infrastructure, virtualization, cybersecurity, modular data centers, network configuration, system specification assessments, hardware and software procurement and delivery, equipment installation, software development, and IT consultancy including on-site surveys for operational and compliance needs; managed services including IT equipment leasing under finance arrangements, technical support, security monitoring for information and data protection, cloud services, cybersecurity environment monitoring, and network connectivity; IT maintenance and support services; as well as distribution and resale of packaged IT hardware like laptops and software including Windows licenses and third-party products primarily in Hong Kong and Macau, targeting enterprises and public bodies in telecommunications, media, technology, gaming, hospitality, finance, education, healthcare, and government sectors. The company operates as a subsidiary of Tai Wah (BVI) Holdings Limited and employs approximately 337 people. Recent developments include deepened partnerships with entities in Macau and the PRC to enhance solution integration and technology ecosystem building across regions, accelerating talent development and technology transfer; significant R&D investments in AI and brain-computer interface (BCI) technologies, with deployment of high-performance computing for training and inference, establishment of a new R&D team in Macau, collaboration supported by FDCT with Pengcheng Laboratory, University of Macau, and Zhejiang University on multi-agent information systems, filing of patents with the China National Intellectual Property Administration, advancement of vertical domain-specific large models for traditional business and innovative applications, plans to launch a behavior reasoning large model for audio-visual-language perception targeting emotional companionship and cultural tourism scenarios later in 2025, and completion of the first phase of visual-evoked BCI technology via wholly owned subsidiary Barco Technologies Limited integrating multi-modal data including electroencephalography with behavior models for emotion and cognition perception; strategic shifts toward intelligent transformation solutions like AR/VR integration, digital twins for immersive experiences in gaming and hospitality, smart campus management, and cross-border data services under full-cycle system integration plus data service partnerships; and business expansions aligning with digitalization policies to boost managed services revenue and profit contributions.