CMGE Technology Group Limited (HK:0302)
:0302
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CMGE Technology Group Limited
(0302)
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Rating:43Neutral
Price Target:
HK$0.17
▼(-57.56% Downside)
Action:Reiterated
Date:06/27/26
The score is primarily weighed down by weak financial performance—sharp profitability deterioration and persistently negative free cash flow—despite modest leverage. Technicals further pressure the score with a clear downtrend (price below key moving averages and negative MACD), while oversold readings only modestly offset. Valuation is constrained by negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Balance-sheet flexibility
Low reported leverage (debt-to-equity roughly 0.09–0.21) provides enduring financial flexibility. That buffer reduces near-term refinancing pressure, keeps interest burden low, and gives the company capacity to fund marketing, live-ops, or selective M&A if product performance improves.
Negative Factors
Profitability collapse
Revenue fell in 2024–2025 while losses widened materially; a ~-106% net margin in 2025 signals severe profitability deterioration. Sustained deep losses erode retained earnings, impair reinvestment in content, and make durable recovery harder without clear product improvements or cost restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet flexibility
Low reported leverage (debt-to-equity roughly 0.09–0.21) provides enduring financial flexibility. That buffer reduces near-term refinancing pressure, keeps interest burden low, and gives the company capacity to fund marketing, live-ops, or selective M&A if product performance improves.
Read all positive factors
CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$561.31M
Dividend YieldN/A
Average Volume (3M)5.42M
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth-28.02%
EPS Growth34.04%
CountryHK
Employees710
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.49
Shares Outstanding3,118,364,500
10 Day Avg. Volume4,826,200
30 Day Avg. Volume5,423,970
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.43
Price to Sales (P/S)0.75
P/FCF Ratio-83.17
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 functions as an investment holding company, primarily operating as an IP-centric game developer and publisher throughout Mainland China, Hong Kong, Taiwan, and South Korea. The company specializes in creating games ba...
How the Company Makes Money
CMGE primarily makes money from (1) publishing and operating mobile games: it earns revenue when players spend within games it publishes/operates, typically through in-game purchases (virtual items, battle passes, character draws/gacha, upgrades) ...
CMGE Technology Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.39B | 1.93B | 2.61B | 2.71B | 3.96B |
| Gross Profit | 456.88M | 603.06M | 943.10M | 1.11B | 1.47B |
| EBITDA | -404.62M | -336.94M | 119.74M | 147.55M | 580.09M |
| Net Income | -1.47B | -2.11B | -20.08M | -205.03M | 611.77M |
Balance Sheet | |||||
| Total Assets | 3.42B | 5.08B | 7.09B | 7.15B | 7.84B |
| Cash, Cash Equivalents and Short-Term Investments | 111.88M | 222.98M | 234.41M | 452.64M | 1.19B |
| Total Debt | 512.37M | 535.31M | 521.91M | 486.66M | 789.68M |
| Total Liabilities | 1.02B | 1.19B | 1.39B | 1.46B | 2.05B |
| Stockholders Equity | 2.41B | 3.90B | 5.70B | 5.67B | 5.79B |
Cash Flow | |||||
| Free Cash Flow | -12.45M | -385.62M | -90.09M | -15.95M | 348.29M |
| Operating Cash Flow | -12.18M | -234.06M | 46.56M | -1.58M | 355.58M |
| Investing Cash Flow | 42.05M | -93.52M | -86.26M | -224.20M | -994.76M |
| Financing Cash Flow | -42.31M | 226.40M | 18.59M | -410.15M | 689.82M |
CMGE Technology Group Limited Technical Analysis
Negative
0.41
Price Trends
0.24
Negative
0.28
Negative
0.34
Negative
Market Momentum
-0.01
Positive
26.97
Positive
22.27
Neutral
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 0.21, above the 50-day MA of 0.24, and above the 200-day MA of 0.34, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 26.97 is Positive, neither overbought nor oversold. The STOCH value of 22.27 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.21B | 5.43 | 13.33% | 13.83% | -6.66% | -19.70% | |
62 Neutral | HK$638.55M | 5.26 | 18.64% | ― | 192.48% | ― | |
61 Neutral | HK$774.20M | 6.93 | 7.66% | ― | 7.36% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
47 Neutral | HK$629.64M | 30.06 | -27.26% | ― | -11.59% | ― | |
43 Neutral | HK$561.31M | -0.32 | -51.92% | ― | -28.02% | 34.04% | |
41 Neutral | HK$242.30M | -1.97 | ― | ― | ― | ― |
* Communication Services Sector Average
HK:0302
CMGE Technology Group Limited
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CMGE Technology Group Limited Corporate Events
CMGE Shareholders Back All AGM Resolutions, Renew Capital Mandates
May 29, 2026
Shareholders of CMGE Technology Group Limited approved all resolutions at the annual general meeting held in Shenzhen on 29 May 2026, including the receipt of the 2025 audited financial statements, re-election of four directors and authorisation f...
CMGE Announces Planned Retirement of Non-Executive Director Zhang Shengyan
May 10, 2026
CMGE Technology Group Limited has announced that non-executive director Zhang Shengyan will retire from the board with effect from 10 May 2026 so that he can focus on other business commitments. Zhang has indicated he has no disagreement with the ...
CMGE Sets Out Board and Committee Structure to Strengthen Governance
May 10, 2026
CMGE Technology Group Limited has disclosed the composition of its board of directors, detailing the roles of executive, non-executive, and independent non-executive members. The company also outlined membership and chairperson assignments for its...
CMGE Raises HK$29.5 Million via Share Subscriptions to Fund Game Publishing
Apr 28, 2026
CMGE Technology Group Limited has completed three subscription agreements for new share issuances under its general mandate, allotting and issuing 122,950,818 new shares at HK$0.244 each to three subscribers. The new shares represent about 3.93% o...
CMGE Calls 2026 AGM, Seeks Fresh Share Buyback and Issuance Mandates
Apr 23, 2026
CMGE Technology Group Limited has convened its annual general meeting for 29 May 2026 in Shenzhen, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from the board ...
CMGE moves to modernize Articles with virtual meetings and e-payments
Apr 23, 2026
CMGE Technology Group Limited plans to amend its Memorandum and Articles of Association to align with recent changes to Hong Kong’s Listing Rules that expand paperless listing practices. The revisions would allow shareholders to attend gener...
CMGE Plans HK$30 Million Share Subscription to Bolster Capital Base
Apr 20, 2026
CMGE Technology Group Limited has entered into separate subscription agreements with three investors to issue a total of 122,950,818 new shares at HK$0.244 per share, raising gross proceeds of HK$30 million. The subscriptions, conducted under the ...
CMGE Narrows 2025 Loss as Overseas Gaming Revenue Surges Despite Flagship Miss
Mar 29, 2026
CMGE Technology Group reported 2025 revenue of RMB1.39 billion, down from the prior year, and a narrowed annual loss of RMB1.48 billion as its flagship cross-platform game Legend of Sword and Fairy: World underperformed expectations and weighed on...
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.