MEGAIN Holding (Cayman) Co. Ltd.
HHKEX:69390.90
HKD
-0.04
(-4.76%)
MEGAIN Holding (Cayman) Co. Ltd.
HKEX:6939
(Hong Kong Exchange)
Recent
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0.90
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- MEGAIN Holding (Cayman) Co., Ltd. (6939.HK) is an investment holding company principally engaged in the research, design, development, and sale of compatible cartridge chips and other chips, including IoT-related products; trading of integrated circuits and other cartridge components such as plastic parts and toners as ancillary services; sales of compatible printer cartridges, toner, and other printer consumables through its online shop under the "Polytoner" brand; and provision of technical and design services for chips at customers' request. The company's compatible cartridge chips are applicable to desktop laser printers, desktop inkjet printers, and commercial printers, while its IoT chips encompass Hall sensor chips for positioning, speed detection, and proximity sensing in applications like automobiles, 5G base stations, fans, and toys; power management integrated circuits (PMICs); battery charge management ICs; low-dropout regulating chips (LDOs); silicon carbide metal oxide semiconductor field effect transistors (SiCMOS) for electric current control; and IoT smart hardware such as temperature and humidity measuring instruments. Incorporated in 2016 and headquartered in Zhuhai, Guangdong Province, People's Republic of China, with its registered office in the Cayman Islands, MEGAIN operates primarily in the PRC and internationally, serving domestic and overseas markets with a workforce of approximately 157 employees. In recent developments, the company commenced its online sales business in 2024 to expand sales channels and product categories, achieving online sales of approximately RMB3.7 million in the six months ended June 30, 2025, a 60.6% increase year-over-year driven by overseas demand for printer consumables. During the same period, it developed 107 new compatible cartridge chip models (59 for desktop laser printers, 48 for desktop inkjet printers) and 11 new IoT chips and products, including 4 LDO models, 3 SiCMOS models, and 4 IoT smart hardware items, amid efforts to diversify into the IoT sector. The trading segment saw revenue surge to RMB35.3 million, up 566.9% from the prior year, primarily from increased sales of compatible printer cartridges and components, though the group recorded impairments on property, plant and equipment (RMB4.9 million), intangible assets (RMB9.9 million), and prepayments (RMB2.5 million) due to operating losses and intensified industry competition; it also relocated its PRC headquarters and entered a new office lease. Overall revenue rose 7.7% to RMB70.8 million for the first half of 2025, with overseas revenue comprising 57.3% of the total.