Shenzhen HQVT Technology Co., Ltd. Class H

Shenzhen HQVT Technology Co., Ltd. Class H

HHKEX:1392
16.54
HKD
-1.36
(-7.60%)
14.01BMarket Cap
2023 Y
2024 Y
2025 Y
Revenue per Share
0.15
0.67
0.86
Basic EPS, GAAP
-0.02
0.05
0.04
Free Cash Flow per Basic Share
0.06
-0.05
-0.27
Dividend per Share
- -
- -
- -
Book Value per Share
0.21
0.31
0.48
Tangible Book Value per Share
0.16
0.23
0.33
Basic Weighted Avg Shares
774
774
774
Sales/Revenue/Turnover
117
523
669
Operating Margin (%)
-17.28
9.08
8.53
Depreciation Expense
15
17
22
Net Income, GAAP
-18
40
29
Effective Tax Rate (%)
- -
4.82
- -
Profit Margin (%)
-15.73
7.73
4.39
Working Capital
89
139
265
LT Debt
15
8
56
Total Equity
161
234
362
Return on Invested Capital (%)
- -
17.83
- -
Return on Capital (%)
- -
17.73
- -
Return on Common Equity (%)
- -
20.42
9.84

Capital Structure

CNY

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

CNY

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
54.54%
Free Cash Flow
- -
- -
413.03%
Net Income, GAAP
- -
- -
-27.36%
Sales/Revenue/Turnover
- -
- -
27.93%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
523
2025
- -
- -
669
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.04
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Bo Zhou
Full Time Employees
362
Sector
Technology services
Industry
Packaged software
Address
Shenzhen China
IPO Date
Jun 22, 2026
Website
hqvt.com
Business
Shenzhen HQVT Technology Co., Ltd. Class H is a China-based artificial intelligence technology company specializing in the research, development, manufacture, and commercialization of multispectral AI solutions for early-stage physical safety monitoring and intelligent environmental perception. The company operates through three primary business segments: Multispectral AI Modules, which comprise embedded optical and sensory hardware components capturing invisible and visible electromagnetic bands including ultraviolet, infrared, and visible light for integration into third-party equipment; Multispectral AI Perception Terminals, which encompass standalone smart sensing cameras and edge devices equipped with specialized visual algorithms for real-time environmental data acquisition and anomaly detection; and Multispectral AI Large Model Services, which provide cloud- and edge-integrated software-as-a-service platforms, algorithm optimization, and predictive decision-making capabilities driven by its proprietary Zhiyuan Qiyuan foundational AI model. The company also develops proprietary edge infrastructure software, including the htOS operating system and htFS file system, to optimize lightweight edge computing and reduce latency. Its solutions serve enterprise and government clients across internet data centers, power generation and grid inspection systems, renewable energy storage facilities, commercial manufacturing environments, and smart city infrastructure. Founded in 2013 and headquartered in Shenzhen, Guangdong Province, China, the company maintains domestic operations and delivers multispectral solutions to more than 2,500 clients worldwide. In recent developments, the company rebranded from Shenzhen Haiqing Video Technology Co., Ltd. to Shenzhen HQVT Technology Co., Ltd. to reflect its strategic transition from conventional video surveillance to an end-to-end multispectral AI platform provider. In June 2026, the company completed its initial public offering on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 1392, raising approximately HKD 613.2 million to fund multispectral AI research and development, expand manufacturing capacity, and broaden market penetration. Following its listing, the company was added to the Hang Seng Composite Index and the Shanghai-Shenzhen-Hong Kong Stock Connect program in the third quarter of 2026, while advancing its product portfolio to implement a comprehensive three-tier defense architecture covering cabinet-level monitoring, spatial environmental sensing, and mobile robotic patrol systems.