Nexion Technologies Limited
HHKEX:84200.03
HKD
+0.00
(-3.45%)
ISIN
KYG6528R1039
CUSIP
G6528R103
Return %
Stock
S&P 500
1Y
-44.00
14.20
3Y
-28.21
81.12
5Y
-86.00
68.34
Capital Structure
HKD
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in mil. unless spec.Working Capital
HKD
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in mil. unless spec.Growth Rates
HKD
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in mil. unless spec.Semi-annual Revenue
HKD
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in mil. unless spec.Semi-annual Earnings Per Share
HKD
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in mil. unless spec.Semi-annual Dividends Per Share
HKD
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in mil. unless spec.Company Description
- CEO
- Gim Hai Ong
- Full Time Employees
- 14
- Sector
- Technology services
- Industry
- Information technology services
- Address
- Jalan Pju 1A/3J Petaling Jaya SE Malaysia 47301
- IPO Date
- Jun 16, 2017
- Website
- nexion.tech
- Similar Companies
- Business
- Nexion Technologies Limited, an investment holding company incorporated in the Cayman Islands, provides cyber security solutions and IT software development services primarily in Malaysia and Singapore, as well as software-as-a-service (SaaS) offerings in the People's Republic of China. The company operates through two main segments: cyber security solutions and IT software development, which encompasses consulting services, resale of proprietary cyber security products, Internet content management for government agencies, a Visitor Management System (VMS), Senior Care Management System (SCMS), and smart healthcare systems via its subsidiary WerkDone Pte. Ltd.; and SaaS, which includes value-added tax (VAT) invoice issuance services on behalf of freelancers to enterprises and project-based solutions incorporating hardware, software, and service components. Founded in 2002 and headquartered in Petaling Jaya, Malaysia, with principal places of business in Hong Kong and operations across Southeast Asia, Nexion Technologies targets government agencies, healthcare providers, financial services firms, small-to-medium enterprises, and large telecommunications corporations. In 2024, the company completed the disposal of its entire equity interests in Netsis Technology (BVI) Limited and its subsidiary Netsis Technology (S) Pte. Ltd. on February 29, exiting the cyber infrastructure solutions business; secured a strategic IT infrastructure management project for a leading global currency exchange company at major Malaysian airports; expanded VMS clientele to include Tan Tock Seng Hospital and Methodist Welfare Services Nursing Homes, while launching its first large-scale, multi-centre SCMS project across seven facilities and preparing another for Q2 2025; renamed its primary segment from Cyber Security Solutions to Cyber Security Solutions and IT Software Development to reflect diversification into enterprise digital transformation and smart technology; and elected not to renew the SaaS cooperation agreement with the Management Committee of Hunan Liling Economic Development Zone upon its December 31 expiration amid intense market competition and low margins. The company, listed on the Hong Kong Stock Exchange's GEM board under ticker 8420 since June 2017, reported revenue growth of 19.7% to HK$15.2 million for the year ended December 31, 2024, driven by a 39.4% increase in the cyber security and IT software development segment, though it posted a net loss of HK$15.5 million due to SaaS declines and impairments.