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Borqs Technologies Inc. (China)

Main Activities: All Other Financial Investment Activities
Full name: Borqs Technologies Inc. Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

The Company is provides Android-based smart connected devices and cloud service solutions in the United States, India, China, and internationally.
It offers commercial grade Android platform software and service solutions to address vertical market segment needs through the targeted BorqsWare software platform solutions. The company s BorqsWare software platform consists of BorqsWare Client software that has been used in Android phones, tablets, watches, and various Internet-of-things devices; and BorqsWare Server software platform, which includes back-end server software that allows customers to develop their own mobile end-to-end services for their devices. In addition, the company provides IVI solutions, machine to machine solutions, smart appliance solution, mobile operator services, and google mobile services (GMS). It primarily serves mobile chipset manufacturers, mobile device original equipment manufacturers, and mobile operators, as well as product solutions of mobile connected devices for enterprise and consumer applications.
2015 - The Company (formerly known as “Pacific Special Acquisition Corp.) was incorporated in the British Virgin Islands on July 1
2017 - On August 18, the Company acquired 100 of the equity interest of BORQS International Holding Corp. and its subsidiaries, variable interest entities and the VIE's subsidiaries in an all-stock merger transaction. Concurrent with the completion of the acquisition of Borqs International, the Company changed its name from Pacific Special Acquisition Corp.”, to Borqs Technologies, Inc.
2017 - From October 15, 2015 to August , the Company s units was traded on The Nasdaq Stock Market under the symbol “PAACU”, and from October 29, 2015 to August 18, 2017, its ordinary shares, rights and warrants were each traded on The Nasdaq Stock Market under the symbols “PAAC,” “PAACR” and “PAACW,” respectively.
2017 - On August 18, the Company completed the acquisition of Borqs International in an all-stock transaction. From August 21, 2017, its ordinary shares and warrants have been traded on The Nasdaq Stock Market under the symbol “BRQS” and “BRQSW”, respectively.
2018 - In November, the Company's board of directors approved the plan to dispose all of its tangible and intangible assets related to the VIE and the VIE's.
2021 - As of October 19, the Company acquired 51 ownership of Holu Hou Energy LLC which is in the business of providing design, engineering and installation of solar power and storage solutions for the residential and commercial markets in the U.S.

Headquarters
Office B, 21/F, Legend Tower, 7 Shing Yip Street, Kwun Tong
Hong Kong; Hong Kong;

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Website: http://www.borqs.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2015
Key Executives
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Chairman
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Chief Financial Officer
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Chief Financial Officer
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Executive Vice President
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Vice President
Ownership Details
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32.08%
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16.47%
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3.96%
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2.69%
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0.951%
Subsidiaries
Beijing Big Cloud Century Technology Limited
Beijing Borqs Software Technology Co, Ltd
Beijing Borqs Wireless Technology Co, Ltd
Company Performance
Financial values in the chart are available after Borqs Technologies Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-50.27%
Total operating revenue
-50.27%
Operating profit (EBIT)
-487.8%
EBITDA
-230.61%
Net Profit (Loss) for the Period
-446.92%
Total assets
-58.57%
Total equity
-333.27%
Operating Profit Margin (ROS)
-156.16%
Net Profit Margin
-174.64%
Return on Equity (ROE)
56.38%
Debt to Equity Ratio
437.4%
Quick Ratio
-0%
Cash Ratio
-0.06%

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