CMGE Technology Group Limited (HK:0302)
:0302
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CMGE Technology Group Limited
(0302)
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Rating:39Underperform
Price Target:
HK$0.37
▼(-10.00% Downside)
Action:DowngradedDate:11/18/25
The overall stock score is primarily influenced by significant financial challenges, including declining revenues and liquidity issues. Technical analysis indicates bearish momentum, with the stock being oversold. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, further impacting the stock's attractiveness.
Positive Factors
Market Position in Mobile Gaming
A recognized position as a mobile game developer/publisher and focus on RPGs and strategy provide durable advantages: established IP expertise, developer know-how and distribution relationships that support product rollout, user acquisition and long-term franchise building.
Negative Factors
Significant Revenue Decline
A steep, sustained revenue decline undermines operating scale and monetization momentum. Reduced top-line makes it harder to cover fixed game development and live-ops costs, strains user monetization efforts and weakens the economics of launching or marketing new titles.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Position in Mobile Gaming
A recognized position as a mobile game developer/publisher and focus on RPGs and strategy provide durable advantages: established IP expertise, developer know-how and distribution relationships that support product rollout, user acquisition and long-term franchise building.
Read all positive factors
CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$670.97M
Dividend YieldN/A
Average Volume (3M)5.42M
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue Growth-36.80%
EPS Growth-666.80%
CountryHK
Employees710
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.30
Shares Outstanding2,995,413,800
10 Day Avg. Volume4,826,200
30 Day Avg. Volume5,423,970
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.53
Price to Sales (P/S)1.07
P/FCF Ratio-5.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$1.75B
CMGE Technology Group Limited Business Overview & Revenue Model
Company Description
CMGE Technology Group Limited, an investment holding company, operates as an intellectual property (IP)-based game publisher and developer in Mainland China, Hong Kong, Taiwan, and South Korea. The company offers games on IPs related to cultural p...
How the Company Makes Money
CMGE Technology Group Limited generates revenue primarily through the sale of in-game purchases and virtual goods within its mobile games. The company's revenue model is largely based on a freemium model, where users can download games for free bu...
CMGE Technology Group Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46B | 1.93B | 2.61B | 2.71B | 3.96B | 3.82B |
| Gross Profit | 488.87M | 603.06M | 943.10M | 1.11B | 1.47B | 1.22B |
| EBITDA | -727.54M | -336.94M | 119.74M | 147.55M | 580.09M | 507.53M |
| Net Income | -2.51B | -2.11B | -20.08M | -205.03M | 611.77M | 701.32M |
Balance Sheet | ||||||
| Total Assets | 4.41B | 5.08B | 7.09B | 7.15B | 7.84B | 6.33B |
| Cash, Cash Equivalents and Short-Term Investments | 263.34M | 222.98M | 234.41M | 452.64M | 1.19B | 907.31M |
| Total Debt | 453.32M | 535.31M | 521.91M | 486.66M | 789.68M | 478.96M |
| Total Liabilities | 1.16B | 1.19B | 1.39B | 1.46B | 2.05B | 1.53B |
| Stockholders Equity | 3.25B | 3.90B | 5.70B | 5.67B | 5.79B | 4.70B |
Cash Flow | ||||||
| Free Cash Flow | -137.91M | -385.62M | -90.09M | -15.95M | 348.29M | 606.62M |
| Operating Cash Flow | -137.47M | -234.06M | 46.56M | -1.58M | 355.58M | 610.59M |
| Investing Cash Flow | -19.85M | -93.52M | -86.26M | -224.20M | -994.76M | -871.75M |
| Financing Cash Flow | 140.52M | 226.40M | 18.59M | -410.15M | 689.82M | 329.68M |
CMGE Technology Group Limited Technical Analysis
Negative
0.41
Price Trends
0.32
Negative
0.35
Negative
0.42
Negative
Market Momentum
-0.03
Positive
22.15
Positive
9.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0302, the sentiment is Negative. The current price of 0.41 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.32, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 22.15 is Positive, neither overbought nor oversold. The STOCH value of 9.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0302.
CMGE Technology Group Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | HK$1.07B | 9.45 | 7.59% | ― | 30.71% | ― | |
56 Neutral | HK$1.64B | 8.45 | -3.41% | 7.30% | -23.42% | -191.82% | |
42 Neutral | HK$1.17B | -31.76 | -7.91% | ― | 41.00% | 23.75% | |
39 Underperform | HK$670.97M | -0.72 | -70.09% | ― | -36.80% | -666.80% | |
39 Underperform | HK$939.30M | 10.57 | -27.26% | ― | -17.65% | 48.05% |
* Communication Services Sector Average
HK:0302
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CMGE Technology Group Limited Corporate Events
CMGE Technology Faces Financial Impairments Amidst Gaming Market Challenges
Nov 5, 2025
CMGE Technology Group Limited announced impairments in trade receivables and financial assets during the 2024 reporting period, reflecting challenges in the mobile gaming market. The company recognized a significant impairment of RMB175.8 million ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.