Austrax Holdings Limited

Austrax Holdings Limited

HHKEX:2680
5.20
HKD
-0.30
(-5.45%)
732.00MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.57
0.7
1.62
1.89
1.86
1.67
0.66
0.91
1.1
3.05
0.86
- -
Basic EPS, GAAP
0.3
0.32
0.49
0.27
0.03
0.05
-0.43
-0.13
0.04
-0.69
0.2
- -
Free Cash Flow per Basic Share
0.23
0.26
0.56
0.02
-2.3
-0.52
-0.13
0.57
0.47
-0.57
0.15
- -
Dividend per Share
- -
- -
- -
0.11
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.31
0.41
0.9
4.35
4.38
4.43
4
4
4.03
3.11
3.31
3.31
Tangible Book Value per Share
0.31
0.4
0.89
4.34
4.37
4.42
3.99
3.99
4.02
3.11
3.3
3.3
Basic Weighted Avg Shares
52
52
52
45
52
52
52
52
49
51
60
60
Sales/Revenue/Turnover
30
36
84
85
97
87
35
48
53
156
52
- -
Operating Margin (%)
- -
- -
43.56
19.93
7.85
-4.12
-46.68
-16.28
-3.47
-26.82
8.55
- -
Depreciation Expense
- -
- -
1
1
3
4
4
3
2
1
1
- -
Net Income, GAAP
16
17
25
12
2
2
-23
-7
2
-35
12
- -
Effective Tax Rate (%)
16.46
16.89
17.42
31.99
50.92
5.59
- -
- -
- -
- -
- -
- -
Profit Margin (%)
52.59
46.27
30.14
14.39
1.66
2.72
-64.95
-13.8
3.32
-22.58
22.61
- -
Working Capital
- -
- -
44
225
221
224
206
201
209
185
197
197
LT Debt
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
Total Equity
16
21
47
227
229
231
209
209
210
187
199
199
Return on Invested Capital (%)
- -
- -
70.22
7.83
1.49
-1.39
- -
- -
-0.93
- -
2.29
- -
Return on Capital (%)
- -
90.33
67.02
8.81
0.75
1.1
- -
- -
0.86
- -
6.08
- -
Return on Common Equity (%)
- -
90.33
74.84
8.95
0.71
1.04
-10.24
-3.15
0.85
-17.76
6.07
- -

Capital Structure

HKD

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
77
276
732

Working Capital

HKD

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
Total Current Assets
350
354
301
Cash, Cash Equivalents & STI
141
149
119
Accounts Receivable, Net
43
57
53
Inventories
- -
- -
- -
Total Current Liabilities
166
151
104
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.66%
-2.75%
6.26%
Free Cash Flow
-1,681.2%
-197.66%
-130.52%
Net Income, GAAP
-349.76%
-693.01%
-133.18%
Sales/Revenue/Turnover
27.32%
22.97%
-66.87%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
53
2025
- -
- -
156
2026
- -
- -
52

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
-0.69
2026
- -
- -
0.2

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

CEO
Tingfa Wang
Full Time Employees
38
Sector
Finance
Industry
Investment banks/Brokers
Address
Room 1201-1202 & 1212 Hong Kong Hong Kong
IPO Date
Sep 14, 2018
Website
innovax.hk
Business
Innovax Holdings Limited operates as an investment holding company principally engaged in providing a comprehensive range of financial and securities services in Hong Kong. Its core offerings include corporate finance advisory services such as IPO sponsorship, financial and independent financial advisory, and compliance advisory services; placing and underwriting services for new share issues; securities dealing and brokerage services; securities financing services including margin financing for securities purchases and IPO financing; asset management services encompassing fund and discretionary account management; futures contracts dealing; and money lending services for both personal and corporate clients. The company acts as a placing or sub-placing agent, overall coordinator, bookrunner, lead manager, or underwriter for IPOs and listing applicants, demonstrating a broad investment banking capability. Innovax Holdings was founded in 2014 and is headquartered in Wan Chai, Hong Kong, operating as a subsidiary of Billion Shine International Investment Limited. In recent major developments, Innovax Holdings announced a significant ownership restructuring in October 2025, involving a conditional sale and purchase agreement where Mr. Wang Tingfa is set to acquire all shares of Innovax not already owned by him or his concerted parties through a HK$270 million cash offer, resulting in him controlling 75% of the company’s share capital. This transaction is poised to materially alter the company’s ownership structure and potentially its strategic direction. Additionally, Innovax announced strong first-half 2026 earnings compared with the prior period, reflecting operational improvements. The company continues expansion in equity capital market activities as joint sponsor, coordinator, bookrunner, and lead manager for various new listings in the Greater China region, supporting a wide array of industry sectors. Innovax Holdings serves corporate clients and investors across Hong Kong and the Greater China region with a full suite of financial advisory, trading, underwriting, asset management, and lending services, positioning itself as a one-stop financial services provider within its industry segment of diversified investment services and financial securities brokerage. The company leverages its licensed status under the Securities and Futures Commission of Hong Kong to conduct type 1 (dealing in securities) and type 4 (advising on securities) regulated activities. Its strategic focus includes growing its investment banking franchise through IPO sponsorship and underwriting while expanding asset management and securities financing businesses to capture evolving market opportunities. This comprehensive service platform and recent ownership consolidation could enhance Innovax Holdings’ market positioning and operational scale as it pursues further growth in Hong Kong and Greater China financial markets. The company’s product and service offerings, geographic reach, and corporate structure underline its role as a significant mid-sized financial services firm headquartered in Hong Kong with a history since 2014 and active presence in capital markets and asset management sectors.