BOE Varitronix Ltd

BOE Varitronix Ltd

3.59
HKD
-0.09
(-2.45%)
5.12BMarket Cap
Mar 25Next Earn
BOE Varitronix Ltd
HKEX:710
(Hong Kong Exchange)

Recent

price

3.59

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
HKD
5.62
6.97
6.58
6.86
7.96
7.98
7.55
3.72
3.92
4.32
4.86
6.16
10.64
14.44
13.68
17.05
- -
Revenue per Share
-0.83
0.65
0.52
0.53
0.74
0.77
0.91
0.08
0.03
0.02
0.03
0.09
0.45
0.78
0.6
0.5
- -
Basic EPS, GAAP
-0.37
0.19
0.2
-0.49
0.75
0.6
0.7
0.23
-0.79
0.11
0.27
0.27
0.57
-0.55
0.86
1.12
- -
Free Cash Flow per Basic Share
0.02
0.06
0.32
0.24
0.32
0.5
0.45
0.92
0.02
0.01
0.01
0.26
0.05
0.15
0.23
0.19
- -
Dividend per Share
3.57
4.17
4.43
4.78
5.29
5.46
5.75
3.72
3.81
3.75
3.74
3.69
4.12
5.14
5.59
5.82
6.01
Book Value per Share
3.57
4.17
4.43
4.78
5.29
5.46
5.75
3.72
3.81
3.74
3.74
3.68
4.05
5.11
5.56
5.78
5.95
Tangible Book Value per Share
323
323
324
324
327
327
330
604
735
735
735
735
727
743
786
789
790
Basic Weighted Avg Shares
1,817
2,256
2,131
2,222
2,604
2,613
2,488
2,247
2,879
3,177
3,574
4,527
7,738
10,722
10,760
13,449
- -
Sales/Revenue/Turnover
2.93
11.56
8.74
6.82
13.37
8.98
9.55
4.07
-0.08
0.08
-0.25
1.4
3.97
5.48
4.45
2.18
- -
Operating Margin (%)
88
95
95
87
84
108
103
90
100
107
137
147
163
171
205
248
- -
Depreciation Expense
-268
210
168
171
243
250
301
51
22
17
25
69
328
582
475
391
- -
Net Income, GAAP
40.14
17.59
13.85
10.45
22.7
11.26
7.68
12.96
- -
32.96
11.75
1.58
11.17
14.91
10.92
4.86
- -
Effective Tax Rate (%)
-14.77
9.33
7.88
7.69
9.34
9.58
12.08
2.25
0.77
0.54
0.7
1.52
4.24
5.43
4.42
2.91
- -
Profit Margin (%)
441
683
776
834
1,020
1,142
1,416
2,326
2,220
2,163
2,212
2,270
2,685
2,507
3,074
2,696
2,859
Working Capital
37
- -
- -
129
59
44
9
- -
- -
- -
3
10
11
35
397
191
192
LT Debt
1,164
1,357
1,436
1,549
1,728
1,792
1,905
2,732
2,802
2,759
2,751
2,767
3,346
4,116
4,410
4,600
4,717
Total Equity
2
14.78
10.24
9.49
12.25
11.8
14.72
2.17
- -
0.63
0.94
2.51
10.11
13.85
10.23
8.24
- -
Return on Invested Capital (%)
-16.78
14.42
10.85
9.99
12.58
12.58
14.94
2.15
- -
0.62
0.92
2.56
11.27
15.09
9.99
7.86
- -
Return on Capital (%)
-21.05
16.82
12.07
11.45
14.84
14.23
16.26
2.18
0.8
0.62
0.91
2.51
11.42
16.41
11.29
8.8
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Jun'24
Dec'24
Jun'25
ST Debt
186
220
271
LT Borrowings
432
170
176
LT Finance Leases
17
20
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
779
779
776
Market Capitalization
3,709
5,267
5,124

Working Capital

HKD

•

in mil. unless spec.
Jun'24
Dec'24
Jun'25
Total Current Assets
8,572
9,195
9,613
Cash, Cash Equivalents & STI
3,902
3,934
4,557
Accounts Receivable, Net
2,434
2,896
2,601
Inventories
1,803
1,778
1,854
Total Current Liabilities
5,753
6,500
6,754
Payables & Accruals
- -
- -
- -
ST Debt
186
220
271
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.64%
11.19%
4.33%
Free Cash Flow
-83.95%
-65.38%
29.86%
Net Income, GAAP
49.77%
118.71%
-17.67%
Sales/Revenue/Turnover
19.8%
32.3%
24.98%
Total Cash Common Dividend
- -
533.65%
-17.3%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
10,760
2024
- -
- -
13,449
2025
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.6
2024
- -
- -
0.5
2025
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.23
2024
- -
- -
0.19
2025
- -
- -
- -
Business
BOE Varitronix Limited is a technology company specializing in the design, manufacture, and sale of liquid crystal display (LCD) products primarily for automotive and industrial applications. Its core product offerings include monochrome LCD panels; monochrome and color LCD modules; custom LCD modules; LCD modules with resistive and capacitive touch panels; vertical backward LCD modules; irregular shaped LCD modules; and memory LCD modules. The company serves automotive manufacturers and industrial meter markets, supplying durable LCDs designed for harsh environments. It operates as the sole sales platform for automotive display products within the BOE Group, one of China's largest TFT LCD panel manufacturers. BOE Varitronix is headquartered in Hong Kong with manufacturing facilities in Heyuan City, Guangdong Province, and Chengdu City, Sichuan Province. Founded in 1978, the company has a longstanding history in the display technology sector. Recent strategic developments for BOE Varitronix include a Product Development Services Agreement with Chengdu BOE effective from September 2025 to December 2026, aimed at technological collaboration in new automotive display product development. This partnership reflects the company's focus on innovation and enhancing its automotive display technology capabilities. In the fiscal year 2024, BOE Varitronix reported operating revenue of HKD 13.449 billion, marking a 25% increase year-on-year, while operating profit and net profit saw decreases of 23% and 18%, respectively, due to increased production costs and reduced government grants. The company also executed share buybacks under its incentive scheme and renewed key trademark licensing agreements recently. BOE Varitronix operates within the technology and electronics industry, with business segments focused on automotive and industrial display products. It targets global automotive manufacturers and industrial buyers requiring high-performance display solutions. The company is a subsidiary of the BOE Technology Group and engages in continuing connected transactions to support its operations and expansions. Its comprehensive product line extends across various LCD applications including automotive displays, industrial meter displays, and specialized custom LCD solutions. The company maintains significant cash resources and a net cash position, supporting its growth and innovation strategy in the global display market.

Company News

  • BOE Varitronix Limited (OTCMKTS:VARXF) Short Interest Down 18.2% in March

  • BOE Varitronix Limited (OTCMKTS:VARXF) Sees Large Decline in Short Interest

  • BOE Varitronix (VARXF) Expected to Announce Quarterly Earnings on Thursday

  • BOE Varitronix Limited (OTCMKTS:VARXF) Short Interest Update