Hong Kong-listed semiconductor company; name suggests an LED/optoelectronic-lighting chip focus, but specific products not confirmed.
Hong Kong-listed semiconductor company; name suggests an LED/optoelectronic-lighting chip focus, but specific products not confirmed.
Moat: none
Headquarters: China · Employees: 468
Size Crealights Technology (1191.HK) is a Hong Kong Information Technology company (Semiconductors) with a market value of $790M, the 653rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$67.65 on 6 Nov 2026.
Growth Revenue grew 41.7% over the last twelve months (peer median +21.0%); the operating margin is -7.1% (peer median -3.4%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 4.9× (10th cheapest of 21).
Capital Return on invested capital runs 10.9 points below its cost of capital (5.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | HK$1.32B | HK$934M | HK$194M |
| Revenue growth | — | +42% | +382% | — |
| Gross profit | n/a | HK$109M | HK$103M | -HK$40.8M |
| EBITDA | n/a | -HK$61.2M | HK$21.2M | -HK$85.4M |
| Net income | n/a | -HK$109M | -HK$19.4M | -HK$120M |
| Free cash flow | n/a | -HK$541M | -HK$400M | -HK$196M |
| Capital expenditure | n/a | HK$135M | HK$107M | HK$101M |
| Total debt | n/a | HK$949M | HK$567M | HK$180M |
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| Measure | 1191.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -48.1% | -10.0% | lowest of 21 |
| Distance from 52-week high | -69.2% | -46.1% | lowest of 21 |
| Revenue growth (TTM) | +41.7% | +21.0% | 6th highest of 21 |
| Operating margin | -7.1% | -3.4% | 9th lowest of 21 |
| EV / Sales | 4.2× | 4.9× | 10th cheapest of 21 |
| ROIC minus cost of capital | -10.9 pp | -7.1 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | 4.2× | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | 4.0× | n/a | n/a |
| Infotmic 000670.SZ | China | $782M | -18% | +38% | 2% | 1.1× | n/a | n/a |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 5.7× | n/a | n/a |
| PixArt Imaging 3227.TWO | Taiwan | $781M | -20% | +5% | 18% | 2.7× | 0.0% | +2.3% |
| Shenzhen Topray Solar 002218.SZ | China | $779M | -32% | -8% | -17% | 6.7× | 35.9% | -5.6% |
| SENASIC Electronics Technology 6675.HK | Hong Kong | $779M | n/a | +45% | -11% | 8.4× | n/a | n/a |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 0.8× | -11.7% | -1.9% |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 2.5× | 19.8% | +18.4% |
| Aeva Technologies AEVA | United States | $767M | -34% | +56% | -611% | 33.4× | n/a | n/a |
| Tech Semiconductors 300046.SZ | China | $766M | -33% | +27% | 8% | 9.2× | 45.7% | -1.6% |
| CEVA CEVA | United States | $763M | -27% | +9% | -10% | 4.8× | n/a | n/a |
| Myson Century 5314.TWO | Taiwan | $759M | -39% | +235% | 19% | 5.9× | 9.2% | +172.5% |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | 0.3× | n/a | n/a |
| Canadian Solar CSIQ | United States | $755M | -45% | -16% | -2% | 1.7× | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | 2.6× | 3.3% | +2.6% |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | 5.0× | n/a | n/a |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | 9.5× | 30.7% | +9.5% |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | 5.7× | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | 5.6× | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | 2.2× | n/a | n/a |