tiprankstipranks
Trending News
More News >
CMGE Technology Group Limited (HK:0302)
:0302
Hong Kong Market

CMGE Technology Group Limited (0302) AI Stock Analysis

Compare
2 Followers

Top Page

HK

CMGE Technology Group Limited

(0302)

Rating:47Neutral
Price Target:
HK$0.50
▲(8.70%Upside)
CMGE Technology Group Limited's financial performance is the dominant factor in its overall stock score, highlighting significant risks due to declining revenues and liquidity challenges. Technical analysis suggests a lack of strong market momentum, and poor valuation further weighs down the score.

CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)

CMGE Technology Group Limited Business Overview & Revenue Model

Company DescriptionCMGE Technology Group Limited (0302) is a prominent Chinese mobile game developer and publisher. The company specializes in creating and distributing a wide range of mobile games, including role-playing, strategy, and casual games. CMGE operates primarily in the digital entertainment sector, leveraging its expertise in developing high-quality content and engaging gaming experiences for users on various mobile platforms.
How the Company Makes MoneyCMGE Technology Group Limited generates revenue primarily through the development and publishing of mobile games. The company employs a free-to-play model for many of its games, where it monetizes through in-game purchases such as virtual items, premium features, and subscription services. Additionally, CMGE earns revenue through partnerships and licensing agreements with other game developers and publishers, allowing it to expand its portfolio and reach a broader audience. Advertising within its games also contributes to its revenue streams. The company's strategic alliances and collaborations with major tech firms and entertainment companies further bolster its financial performance by enhancing distribution and marketing capabilities.

CMGE Technology Group Limited Financial Statement Overview

Summary
CMGE Technology Group Limited is facing financial difficulties with declining revenue and profitability. The income statement indicates operational challenges, the balance sheet shows stable equity but negative returns, and cash flow analysis reveals liquidity issues.
Income Statement
45
Neutral
The income statement shows a declining trend in revenue with a significant drop from 2023 to 2024. Gross profit margin decreased, and net profit margin turned negative due to a substantial net loss in 2024. EBIT and EBITDA margins also turned negative, indicating operational challenges.
Balance Sheet
60
Neutral
The balance sheet displays a strong equity position with a debt-to-equity ratio remaining relatively stable. However, the return on equity has been negative due to net losses. The equity ratio is healthy, suggesting good financial leverage.
Cash Flow
30
Negative
Cash flow analysis reveals significant challenges with negative operating cash flow in 2024 and free cash flow turning negative in recent years. The company has struggled to convert its operations into cash, indicating liquidity issues.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.93B2.61B2.71B3.96B3.82B
Gross Profit603.06M943.10M1.11B1.47B1.22B
EBITDA-336.94M119.74M-47.04M580.09M507.53M
Net Income-2.11B-20.08M-205.03M611.77M701.32M
Balance Sheet
Total Assets5.08B7.09B7.15B7.84B6.33B
Cash, Cash Equivalents and Short-Term Investments101.76M234.41M452.64M1.19B907.31M
Total Debt535.31M521.91M486.66M789.68M478.96M
Total Liabilities1.19B1.39B1.46B2.05B1.53B
Stockholders Equity3.90B5.70B5.67B5.79B4.70B
Cash Flow
Free Cash Flow-385.62M-90.09M-15.95M348.29M606.62M
Operating Cash Flow-234.06M46.56M-1.58M355.58M610.59M
Investing Cash Flow-93.52M-86.26M-224.20M-994.76M-871.75M
Financing Cash Flow226.40M18.59M-410.15M689.82M329.68M

CMGE Technology Group Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.46
Price Trends
50DMA
0.42
Positive
100DMA
0.50
Negative
200DMA
0.66
Negative
Market Momentum
MACD
0.01
Positive
RSI
50.09
Neutral
STOCH
50.00
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 0.46 is below the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.42, and below the 200-day MA of 0.66, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.09 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
HK$65.49B-1.50-1.91%7.66%-4.18%-13.99%
51
Neutral
HK$1.39B-12.95%23.51%11.90%
50
Neutral
HK$2.18B-4.15%7.55%64.78%
47
Neutral
HK$1.39B-43.81%-27.68%-11792.65%
45
Neutral
HK$1.38B-34.71%-22.86%8.17%
44
Neutral
HK$1.49B18.03-3.75%8.62%-23.76%-116.47%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0302
CMGE Technology Group Limited
0.46
-0.43
-48.31%
HK:6820
FriendTimes Inc.
1.00
0.21
26.58%
HK:3798
Homeland Interactive Technology Ltd.
1.16
-0.22
-15.94%
HK:9990
Archosaur Games Inc.
1.74
0.40
29.85%
HK:1119
iDreamSky Technology Holdings Limited
0.77
-2.10
-73.17%

CMGE Technology Group Limited Corporate Events

CMGE Technology Group Limited Successfully Passes All AGM Resolutions
May 27, 2025

CMGE Technology Group Limited announced that all proposed resolutions were passed at their Annual General Meeting held on May 27, 2025. The resolutions included the re-election of several directors, the authorization of the board to fix directors’ remuneration, the re-appointment of BDO Limited as the auditor, and the granting of mandates to the directors to buy back and issue shares. This successful AGM reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

CMGE Technology Group Schedules 2025 Annual General Meeting
Apr 24, 2025

CMGE Technology Group Limited has announced its upcoming annual general meeting scheduled for May 27, 2025, in Shenzhen, China. The meeting will address several key resolutions, including the approval of the company’s audited financial statements for 2024, the re-election of certain directors, and the re-appointment of BDO Limited as the company’s auditor. Additionally, the meeting will consider resolutions to authorize the board to purchase company shares and to issue additional shares, which could impact the company’s market operations and shareholder value.

CMGE Technology Group Appoints New Co-CEO to Strengthen Leadership
Apr 9, 2025

CMGE Technology Group Limited has announced the appointment of Mr. Wang Chunye as Co-Chief Executive Officer, effective April 9, 2025. Mr. Wang brings extensive experience in the gaming industry, having held significant roles in companies like NetDragon and Giant Network Group. This strategic appointment aims to strengthen CMGE’s leadership and enhance its operational capabilities in the global gaming market.

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.Date of analysis: Jun 28, 2025