Wuxi Sunlit Science and Technology Company Limited
Wuxi Sunlit Science and Technology Company Limited (HKSE: 1289) is trading at HK$1.96, about ₹24 at today's HKD/INR rate, as of 23 Sep 2026, 1:42 AM ET, up 0.51% today. Indian residents can buy Wuxi Sunlit Science and Technology from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.96
Today's high
HK$1.96
52 week low
HK$1.80
52 week high
HK$3.10
1289 opened at HK$1.96, closed previously at HK$1.95, and has traded between HK$1.80 and HK$3.10 over the past 52 weeks.
About
Wuxi Sunlit Science and Technology Company Limited offers a comprehensive suite of services to the steel wire product manufacturing sector across the People's Republic of China. Its core activities encompass the entire lifecycle of specialized production lines, from initial research and development and design to manufacturing, equipment supply, installation, testing, repair, and ongoing maintenance. The company's extensive product range includes various production lines for specific applications, such as brass electroplating wire, bead wire, pre-treatment processes, inter-medium heat treatment, and both hot dip and electro galvanizing. Beyond these complete systems, Wuxi Sunlit also provides individual components and machinery. This includes gas furnaces, water quenching baths, lead baths designed for heat treatment, advanced diffusion induction heating systems, take-up and pay-off mechanisms, and acid mist scrubbers. Furthermore, it supplies specialized equipment like wire bunching, wire drawing, wrapping, and die repair machines. In addition to its primary manufacturing focus, Wuxi Sunlit is also involved in the trading of machinery products. The company actively participates in software development and the commercialization of software patent rights. The products developed by Wuxi Sunlit find broad application across numerous industrial sectors, contributing to the production of items such as radial tire steel cords, bead wires, cutting wires, hose wires, precision wire ropes, and a wide array of other steel wire derivatives. Founded in 2006, the company is headquartered in Wuxi, located in the People's Republic of China.
Key statistics
Avg. volume
33.49K
Market cap
HK$250.88M
P/E Ratio
6.63
Price-to-sales ratio
1.20
Enterprise value
CN¥193.78M
Free cash flow yield
-37.34%
Debt-to-equity ratio
0.13
Return on equity
4.41%
ROIC
3.73%
Beta
-0.08
Dividend yield
9.39%
Last dividend
HK$0.18
Financial overview
Revenue
CN¥184.42M
Earnings per share
CN¥0.26
Free cash flow
CN¥36.55M
Net profit margin
18.13%
Gross margin
27.60%
EBITDA
CN¥50.82M
Revenue growth
-64.26%
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This is not an investment recommendation
How to buy Wuxi Sunlit Science and Technology from India
Indian residents can buy Wuxi Sunlit Science and Technology shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Wuxi Sunlit Science and Technology and place an order
Find Wuxi Sunlit Science and Technology by name or by its ticker, 1289, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Wuxi Sunlit Science and Technology trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Wuxi Sunlit Science and Technology position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Wuxi Sunlit Science and Technology from India
Trading and taxes when buying Wuxi Sunlit Science and Technology from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Wuxi Sunlit Science and Technology’s current yield is 9.39%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Wuxi Sunlit Science and Technology stock?
Yes. Wuxi Sunlit Science and Technology (1289) has been listed on the Hong Kong Stock Exchange since 2014, in the Industrial - Machinery industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Wuxi Sunlit Science and Technology share cost in rupees?
One Wuxi Sunlit Science and Technology share is HK$1.96 — about ₹24 at an HKD/INR rate of 12.23 on 26 Sep 2026. Both the Wuxi Sunlit Science and Technology price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Wuxi Sunlit Science and Technology from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Wuxi Sunlit Science and Technology?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Wuxi Sunlit Science and Technology shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Wuxi Sunlit Science and Technology price. Paasa issues a capital-gains statement for your return.
Does Wuxi Sunlit Science and Technology pay a dividend, and how is it taxed in India?
Yes. Wuxi Sunlit Science and Technology pays a dividend and the current yield is 9.39%; the last declared dividend was HK$0.18 per share, about ₹2.25. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Wuxi Sunlit Science and Technology from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Wuxi Sunlit Science and Technology a Hong Kong SAR China company, and does that change how it is taxed?
Wuxi Sunlit Science and Technology trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Wuxi Sunlit Science and Technology trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Wuxi Sunlit Science and Technology shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Wuxi Sunlit Science and Technology holding, its cost and its closing value.
How do I sell Wuxi Sunlit Science and Technology and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.