SIM Tech (02000.HK): February Core Revenue Up 25% YoY, Two-Month Group Sales Slip 7% After Automotive Strategy Shift

Bulletin Express
Mar 10

SIM Technology Group Limited (SIM Tech, 02000.HK) reported unaudited February 2026 revenue of HK$36.60 million, up 18.50% from January 2026, driven by a 20.30% increase in core business sales to HK$33.70 million amid customer delivery-schedule adjustments. Non-core revenue, mainly rental income, remained steady at HK$2.90 million, rising 1.10% month on month.

Year on year, February 2026 core revenue advanced 25.20% from HK$26.90 million in February 2025, also reflecting timing shifts in client deliveries.

For the two months ended 28 February 2026, total unaudited revenue reached HK$67.60 million, down 7.30% from HK$72.90 million a year earlier. Management attributed the decline to the cessation, effective January 2026, of new order intake for automotive intelligent products amid intense sector competition.

Business mix: • Core operations comprise original design manufacturing (ODM) of intelligent terminals. • Non-core activities center on property management.

The figures are extracted from the Group’s management accounts and remain subject to audit. SIM Tech cautions investors to exercise care when dealing in the company’s shares.

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