As the Hong Kong market continues to navigate an environment marked by global economic changes, high-growth technology stocks have attracted a lot of attention. This article examines three promising stocks, including China Ruyi Holdings, and highlights what makes them attractive investments in today’s dynamic environment.

The 10 fastest growing technology companies in Hong Kong

Click here to see the full list of 45 stocks from our SEHK High Growth Tech & AI Stocks Screener.

We examine a selection of our screener results.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: China Ruyi Holdings Limited is an investment holding company engaged in content production and online streaming in the People’s Republic of China, Hong Kong, Europe and internationally, with a market capitalization of HK$29.14 billion.

Operations: The company generates its revenue primarily from its content production business, which generated CNY 2.23 billion, and its online streaming and gaming business, which contributed CNY 1.38 billion.

China Ruyi Holdings has demonstrated impressive revenue growth of 27.7% per year, significantly outperforming the Hong Kong market at 7.4%. Despite a notable one-off gain of CN¥241 million impacting recent financial results, the company is forecast to deliver annual earnings growth of 14.8%, also above the market average of 11%. The company recently completed a follow-on share offering of HK$4 billion and has been buying back shares over the past year, reflecting strategic moves to manage capital and increase shareholder value.

Simply Wall St Growth Rating: ★★★★★★

Overview: Cowell e Holdings Inc. is an investment holding company that designs, develops, manufactures, distributes and sells optical modules and system integration products for smartphones, multimedia tablets, smart driving devices and other mobile devices in various international markets with a market capitalization of HK$19.36 billion.

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Operations: Cowell e Holdings generates its revenue primarily from the sale of photographic equipment and accessories amounting to US$1.14 billion. The company operates in various international markets, including China, India and Korea.

Cowell e Holdings has demonstrated robust revenue growth, with revenue up 59.8% to $585.93 million for the six months ended June 30, 2024. Despite a slight decline in net profit from $18.03 million to $16.04 million, the company is forecast to deliver earnings growth of an impressive 35.4% per year, significantly outperforming the Hong Kong market average of 11%. The company’s strategic partnerships with Luxshare Precision and GZ Luxvisions underscore its commitment to improving operational efficiency and R&D capabilities.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BYD Electronic (International) Company Limited, an investment holding company, is principally engaged in the development, manufacture, assembly and sale of components, modules and other products for mobile phones in the People’s Republic of China and internationally with a market capitalization of approximately HK$67.82 billion.

Operations: The company generates sales of 129.96 billion Chinese yen (approximately 12.4 billion euros), primarily through the manufacture, assembly and sale of components and modules for mobile phones. The company operates both in China and internationally.

BYD Electronic (International) has shown significant growth. Earnings have increased by 117.6% over the past year, far outperforming the communications industry’s 10.6%. The company’s revenue is expected to grow 14.1% annually, faster than the Hong Kong market average of 7.4%, while earnings are expected to grow by an impressive 22.3% per year. In particular, BYD Electronic’s R&D spending has been substantial, reflecting a commitment to innovation that could drive future advancements and competitiveness in the technology sector. Recent developments include inclusion in the Hang Seng Index and a final dividend of RMB0.538 per share for fiscal year 2023, approved at the AGM on June 6, 2024. The strategic appointment of Ms. Wang Ying as an independent non-executive director underscores BYD Electronic’s focus on strengthening corporate governance and operational compliance in light of the rapid growth prospects in high-tech manufacturing and AI-driven solutions.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

Companies discussed in this article include SEHK:136, SEHK:1415 and SEHK:285.

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