CMMB Vision Holdings (0471) AI Stock Analysis

• Market Cap: HK$64.82M
• Dividend Yield: N/A
• Average Volume (3M): 298.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: -13.15%
• EPS Growth: 86.95%
• Country: HK
• Employees: 17
• Sector: Services
• Sector Strength: N/A
• Industry: Technology Distributors
• EPS (TTM): -0.73
• Shares Outstanding: 95,319,496
• 10 Day Avg. Volume: 365,602
• 30 Day Avg. Volume: 298,318
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.19
• Enterprise Value/Market Cap: 0.26
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 5.86
• Enterprise Value/Ebitda: -1.31
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: HK$0.50 ▼(-26.47%Downside)

CMMB Vision Holdings' overall score is heavily impacted by its poor financial performance, which is characterized by declining revenues and persistent losses. Technical analysis provides a slightly positive outlook with some upward momentum, but the negative valuation metrics further weigh down the score. The lack of earnings call and corporate event data means these factors do not contribute to the overall assessment.

CMMB Vision Holdings Business Overview & Revenue Model

Company Description

Silkwave Inc, an investment holding company, engages in the convergent mobile multimedia broadcasting (CMMB) business in the People's Republic of China, the United States, and Taiwan. It operates through CMMB Business and Trading Business segments. The CMMB Business segment is involved in the transmission and broadcasting of television programs. The Trading Business segment engages in trading printed circuit board materials. The company also provides satellite infotainment multimedia technology and services for vehicles and maritime applications; and satellite services. Its customers include LPTV programmers, electronic manufacturers, and satellite communication companies. The company was formerly known as CMMB Vision Holdings Limited and changed its name to Silkwave Inc in August 2022. Silkwave Inc was incorporated in 2005 and is headquartered in Hong Kong, Hong Kong.

How the Company Makes Money

CMMB Vision Holdings generates revenue primarily through its satellite and multimedia services. The company earns money by providing satellite bandwidth and broadcasting services to clients, which include telecommunication companies and content providers. It also generates income from licensing fees for its multimedia content distribution and mobile broadcasting technologies. Furthermore, partnerships with other technology firms and media companies play a significant role in enhancing its service offerings and expanding its market reach, thus contributing to its overall revenue.

CMMB Vision Holdings Financial Statement Overview

Summary

CMMB Vision Holdings faces significant financial challenges with declining revenues, persistent losses, and insufficient cash flow from operations. The balance sheet is moderately leveraged, but the absence of positive cash flow and profitability raises concerns about sustainability and long-term viability.

Income Statement

CMMB Vision Holdings has been facing declining revenue with negative growth, as revenue decreased from $7.1M in 2019 to $6.39M in 2024. The gross profit margin for 2024 is approximately 45.4%, indicating some cost control, but the net profit margin is severely negative due to significant net losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high expenses relative to revenue.

Balance Sheet

The company's financial stability is concerning, with a debt-to-equity ratio of 0.51 in 2024, which is moderate but has increased from previous years. The equity ratio stands at about 52%, indicating a reasonable portion of assets funded by equity. However, the return on equity is negative due to consistent net losses, raising concerns about shareholder returns.

Cash Flow

The cash flow position of the company is weak, with zero free cash flow in 2024 and negative operating cash flow in previous years. The operating cash flow to net income ratio is not calculable due to negative earnings and operating cash flow, indicating cash management challenges and insufficient cash generation from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.39M	7.34M	8.55M	5.72M	3.88M
Gross Profit	2.90M	2.52M	2.46M	1.51M	602.00K
EBITDA	-2.67M	-73.27M	-3.16M	-1.43M	-2.40M
Net Income	-8.92M	-66.81M	-27.97M	-35.44M	-127.70M
Balance Sheet
Total Assets	36.39M	44.78M	114.82M	135.88M	185.61M
Cash, Cash Equivalents and Short-Term Investments	889.00K	727.00K	1.72M	1.04M	447.00K
Total Debt	9.65M	9.23M	14.23M	35.63M	53.72M
Total Liabilities	12.73M	11.67M	17.81M	42.20M	61.98M
Stockholders Equity	18.92M	27.84M	83.58M	78.69M	106.10M
Cash Flow
Free Cash Flow	4.14M	-2.58M	-6.65M	-2.54M	-10.33M
Operating Cash Flow	4.14M	-2.58M	-6.65M	-2.54M	-10.33M
Investing Cash Flow	-3.68M	-2.15M	-1.18M	1.00M	0.00
Financing Cash Flow	-303.00K	3.73M	8.50M	2.14M	10.53M

CMMB Vision Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.68
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0471, the sentiment is Negative. The current price of 0.68 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.58, and below the 200-day MA of 0.70, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 27.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0471.

CMMB Vision Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1362	62 Neutral	HK$100.80M	10.26	5.87%	4.17%	-11.29%	9.01%
Sector *	56 Neutral	HK$2.66B	5.05	-9.32%	8.02%	12.55%	-102.16%
0471	47 Neutral	HK$64.82M	―	-38.15%	―	-13.15%	86.95%
1213	47 Neutral	HK$45.80M	―	-10.42%	8.73%	-20.08%	-44.11%
0997	44 Neutral	HK$32.74M	―	-55.03%	―	-2.57%	-55.03%
8106	42 Neutral	HK$40.02M	―	-12.75%	―	86.07%	84.96%
1013	33 Underperform	HK$66.58M	―		―	-26.41%	21.54%

CMMB Vision Holdings Corporate Events

Silkwave Inc Partners with Kashgar Zhongjia for Strategic Investment in Xinjiang

Silkwave Inc has entered into a Memorandum of Understanding with Kashgar Zhongjia Food Industry Co., Ltd, aiming to enhance strategic investment partnerships. This collaboration supports China’s national initiatives for Xinjiang’s development and aims to establish a next-generation satellite internet media ecosystem, enhancing corporate value and advancing in sectors like AI and IoT. The partnership is expected to drive industry leadership, diversify revenue streams, and support the Belt and Road Initiative’s digital transformation in Asia.

Silkwave Inc’s AGM Sees Unanimous Approval of All Resolutions

Silkwave Inc, a company incorporated in the Cayman Islands, held its Annual General Meeting on June 27, 2025, where all proposed ordinary resolutions were unanimously approved by shareholders. The resolutions included re-election of directors, reappointment of the auditor, and granting mandates for share issuance and repurchase. This unanimous approval reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility in managing its share capital.

Silkwave Inc Announces Annual General Meeting and Share Issuance Plans

Silkwave Inc, a company incorporated in the Cayman Islands with limited liability, has announced its annual general meeting to be held on June 27, 2025, in Hong Kong. The meeting will address ordinary business matters such as reviewing audited financial statements, re-electing directors, and appointing auditors. Additionally, special business will include resolutions to authorize the board to issue additional shares and make related offers, with the issuance capped at 20% of the current shares.