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Employees: 90
Size IMAX China (1970.HK) is a Hong Kong Information Technology company (Electronic Production Equipment) with a market value of $374M, the 833rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.63 on 6 Nov 2026.
Performance Over six months the shares gained 11.3%, against -26.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 16.6% over the last twelve months (peer median +10.2%); the operating margin is 36.2% (peer median 2.4%).
Valuation It trades at 11.0× forward earnings against a peer median of 15.3× (3rd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (9.2% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$617M | HK$798M | HK$632M | HK$681M | HK$574M |
| Revenue growth | — | +26% | -7% | +19% | — |
| Gross profit | HK$346M | HK$514M | HK$338M | HK$419M | HK$304M |
| EBITDA | HK$323M | HK$503M | HK$348M | HK$387M | HK$299M |
| Net income | HK$171M | HK$294M | HK$173M | HK$215M | HK$84.2M |
| Free cash flow | HK$421M | HK$450M | HK$229M | HK$96.9M | HK$8.39M |
| Capital expenditure | HK$1.90M | HK$1.33M | HK$11.3M | HK$1.28M | HK$673,422 |
| Total debt | n/a | HK$8.33M | HK$11.3M | HK$13.6M | HK$114M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1970.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -10.3% | highest of 21 |
| 6-month return | +11.3% | -26.8% | 2nd highest of 21 |
| Distance from 52-week high | -5.2% | -43.3% | highest of 21 |
| Revenue growth (TTM) | -16.6% | +10.2% | 2nd lowest of 21 |
| Operating margin | 36.2% | 2.4% | highest of 21 |
| Forward P/E | 11.0× | 15.3× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | 15.9% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +14.5% | +7.2% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -21.7 pp | +5.3 pp | least demanding of 14 |
| ROIC minus cost of capital | +3.3 pp | -5.5 pp | 5th highest of 20 |
| EV / EBITDA | 5.6× | 12.3× | cheapest of 9 |
| Net debt / EBITDA | -3.5× | -1.5× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IMAX China 1970.HK | Hong Kong | $374M | +11% | -17% | 36% | 11.0× | -7.2% | +14.5% |
| Winmate 3416.TW | Taiwan | $376M | -5% | +27% | 18% | 15.4× | -1.8% | +14.6% |
| Hollyland (China) Electronics Technology 002729.SZ | China | $361M | -32% | +14% | 8% | n/a | 24.2% | +20.2% |
| Suzhou Future Electrical 301386.SZ | China | $388M | -27% | +2% | 12% | n/a | 15.9% | +3.4% |
| Zhejiang East Crystal Electronic 002199.SZ | China | $352M | -6% | +202% | -5% | n/a | n/a | n/a |
| ICHIA Technologies 2402.TW | Taiwan | $405M | -38% | +13% | 6% | 37.5× | n/a | n/a |
| Viking Tech 3624.TWO | Taiwan | $344M | +77% | +14% | 12% | n/a | 30.5% | +4.7% |
| SFC Energy F3C.DE | Germany | $343M | -16% | +3% | 13% | 18.0× | 8.9% | +21.9% |
| FIC Global 3701.TW | Taiwan | $341M | -29% | -28% | -6% | n/a | 31.2% | +5.8% |
| Guangdong Faith Long Crystal Technology 300460.SZ | China | $339M | -14% | +11% | -18% | n/a | 9.5% | +7.2% |
| Koa 6999.T | Japan | $415M | -6% | +22% | 7% | 7.4× | 12.7% | +7.5% |
| Yes Optoelectronics (Group) 002952.SZ | China | $423M | -38% | +14% | 3% | n/a | 21.7% | +14.8% |
| Inventronics (Hangzhou) 300582.SZ | China | $424M | -35% | -4% | -20% | n/a | n/a | n/a |
| Shenzhen Longood Intelligent Electronic 300543.SZ | China | $329M | -26% | +2% | -1% | n/a | n/a | n/a |
| Guangdong Tecsun Science & Technology 002908.SZ | China | $425M | -22% | -14% | -11% | n/a | 28.9% | -0.1% |
| Shanghai Hollywave Electronic System 688682.SS | China | $426M | -42% | +29% | -12% | 154.8× | 17.3% | +5.7% |
| Shenzhen Zowee Tech 002369.SZ | China | $431M | -30% | -8% | -15% | n/a | n/a | n/a |
| Ways Electron 605218.SS | China | $431M | -30% | +20% | -2% | n/a | n/a | n/a |
| BOE Varitronix 0710.HK | Hong Kong | $321M | -27% | +3% | 2% | 6.9× | n/a | n/a |
| Note NOTE.ST | Sweden | $445M | -12% | +9% | 9% | 15.3× | 0.0% | +15.3% |
| Valuetronics BN2.SI | Singapore | $311M | -17% | -8% | 8% | 14.2× | -12.4% | -7.4% |