Bitfire Group Holdings Limited, an investment holding company, provides cryptocurrency trading and technology solution services in the People's Republic of China.
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It offers blockchain solutions; peripheral accessories, such as browser, faucet, and official website; and fundamental Dapps and software-as-a-service to customers in blockchain, virtual assets, fintech, and big data, as well as other technology sectors.
The company also provides various services in virtual asset ecosystem, including asset management; centralized custodian services, including safekeeping, settlement, and other customized services; and MPC self-custody services, which include Wallet-as-a-Service, a set of MPC digital asset custody wallet infrastructure for Web3 developers.
In addition, the company is involved in trading of cryptocurrency; and provision of consultancy services. The company was formerly known as Sinohope Technology Holdings Limited and changed its name to Bitfire Group Holdings Limited in March 2026.
Bitfire Group Holdings Limited was incorporated in 1990 and is headquartered in Central, Hong Kong.
Quality Score breakdown
Overall quality44/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability29
How much profit the company makes from its sales and capital
Quality Growth46
Are margins and returns getting better?
Cashflow40
Do the profits arrive as real cash?
Financial strength86
Debt, balance sheet and risk of trouble
Investment55
Does it invest with discipline instead of growing at any price?
Low Volatility22
How calm the share price moves, does not count
Price momentum12
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+451.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+99.1%
Start year 2020 (pandemic). Over 10 years: +38.7% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5.7% (2020) → −0.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +30.4% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Profitability
Return on assets−0.7% · Bottom 25%
Net margin (12 months)−3.4% · Bottom 25%
Operating margin (12 months)−4.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−43.1% · Bottom 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
Huobi Technology Holdings Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Huobi Technology Holdings Limited (1611)?
Huobi Technology Holdings Limited reported trailing-twelve-month revenue of about HK$7.2B (latest available figure, as of Nov 1, 2026).
What growth is priced into Huobi Technology Holdings Limited (1611)?
For today's price to be fair in a discounted-cash-flow model, Huobi Technology Holdings Limited would have to grow free cash flow by +33.2 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +99.1 % per year. As of Nov 1, 2026.
How much growth has Huobi Technology Holdings Limited (1611) delivered so far?
Over the past 5 years revenue at Huobi Technology Holdings Limited grew +99.1 % a year. The price currently implies +33.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Huobi Technology Holdings Limited (1611) growing?
The median revenue growth in the sector is +11.0 % a year. That is the yardstick for the growth priced into Huobi Technology Holdings Limited (+33.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Huobi Technology Holdings Limited (1611)?
The free-cash-flow yield on the price is 1.17 %: that much free cash flow Huobi Technology Holdings Limited produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
How solid is the balance sheet of Huobi Technology Holdings Limited (1611)?
Balance-sheet figures for Huobi Technology Holdings Limited (as of Nov 1, 2026): return on equity −59.2%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
Which stocks are comparable to Huobi Technology Holdings Limited?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of Huobi Technology Holdings Limited (1611)?
The closing price on Oct 30, 2026 was HK$1.63. We carry closing prices from our data provider, not a live tick.
Key figures of Huobi Technology Holdings Limited
How large is the market capitalisation of Huobi Technology Holdings Limited (1611)?
The market capitalisation of Huobi Technology Holdings Limited is HK$1.2B (≈ $156M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Huobi Technology Holdings Limited (1611)?
The price-to-sales ratio of Huobi Technology Holdings Limited is 0.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Huobi Technology Holdings Limited (1611)?
Earnings per share at Huobi Technology Holdings Limited are HK$0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Huobi Technology Holdings Limited (1611)?
The net margin of Huobi Technology Holdings Limited is −0.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Huobi Technology Holdings Limited (1611)?
The return on equity (ROE) of Huobi Technology Holdings Limited is −59.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Huobi Technology Holdings Limited (1611)?
On an EBIT basis the return on assets of Huobi Technology Holdings Limited is −6.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Huobi Technology Holdings Limited (1611)?
The operating margin of Huobi Technology Holdings Limited is −4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Huobi Technology Holdings Limited (1611)?
Revenue at Huobi Technology Holdings Limited is growing −43.1% versus a year earlier (3y avg −1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Huobi Technology Holdings Limited (1611) carry?
The net debt of Huobi Technology Holdings Limited is HK$43.1M (fiscal year 2025, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 1, 2026