CMMB Vision Holdings (0471) AI Stock Analysis

• Market Cap: HK$48.61M
• Dividend Yield: N/A
• Average Volume (3M): 267.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• 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: 246,776
• 30 Day Avg. Volume: 267,647
• PEG Ratio: 568.81
• Price to Book (P/B): 16.38K
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 564.91K
• Enterprise Value/Market Cap: 76.70K
• Enterprise Value/Revenue: 126.26K
• Enterprise Value/Gross Profit: 1.28M
• Enterprise Value/Ebitda: -286.92K
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 28 Underperform
• Price Target: ―

CMMB Vision Holdings is currently experiencing significant financial and operational challenges. The declining revenues, persistent losses, and lack of positive cash flow from operations are critical concerns impacting the company's sustainability. Technical indicators suggest a bearish trend, with the stock trading below key moving averages. The lack of profitability and negative P/E ratio further highlight valuation challenges. Overall, these factors combine to suggest a cautious outlook for the stock.

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 is facing significant financial challenges, with declining revenue from $7.1M in 2019 to $6.39M in 2024. Although the gross profit margin is around 45.4%, operational inefficiencies and high expenses result in negative net profit, EBIT, and EBITDA margins. The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.51, but persistent net losses lead to negative return on equity. Cash flow is weak, with zero free cash flow and negative operating cash flow, indicating poor cash management and insufficient cash generation.

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
	EBIT
-2.34M	-1.06M	-3.22M	-1.55M	-2.56M
	EBITDA
-2.67M	-73.27M	-3.16M	-1.43M	-2.40M
	Net Income Common Stockholders
-8.92M	-66.81M	-27.97M	-35.44M	-127.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
889.00K	727.00K	1.72M	1.04M	447.00K
	Total Assets
36.39M	44.78M	114.82M	135.88M	185.61M
	Total Debt
9.65M	9.23M	14.23M	35.63M	53.72M
	Net Debt
8.76M	8.50M	12.52M	34.58M	53.27M
	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
0.00	-2.58M	-6.65M	-2.54M	-10.33M
	Operating Cash Flow
0.00	-2.58M	-6.65M	-2.54M	-10.33M
	Investing Cash Flow
0.00	-2.15M	-1.18M	1.00M	0.00
	Financing Cash Flow
0.00	3.73M	8.50M	2.14M	10.53M

CMMB Vision Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.51 is below the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.60, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.90 is Positive, 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$99.40M	10.11	5.87%	4.22%	-11.29%	9.01%
Sector *	61 Neutral	$924.02M	5.85	2.43%	4.36%	10.27%	-74.96%
8106	55 Neutral	HK$70.92M	―	-12.75%	―	86.07%	84.96%
1213	47 Neutral	HK$46.40M	―	-6.30%	8.62%	-20.08%	-44.11%
0997	44 Neutral	HK$32.74M	―	-57.81%	―	-2.57%	-55.03%
1013	33 Underperform	HK$74.87M	―		―	-26.41%	21.54%
0471	28 Underperform	HK$48.61M	―	-38.15%	―	-13.15%	86.95%

CMMB Vision Holdings Corporate Events

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.

Silkwave Inc Reports Mixed Financial Results for 2024

Silkwave Inc, listed on the Hong Kong Stock Exchange, reported its annual financial results for the year ending December 31, 2024. The company experienced a 12.9% decrease in revenue, while gross profit increased by 15.1%. Despite a significant reduction in net loss by 87.4% compared to the previous year, the company faced challenges with impairment losses on intangible assets and expected credit losses. The results indicate a mixed financial performance with improvements in operational gains but continued financial hurdles.

Silkwave Inc Partners with Sichuan Hefeng Zhitong to Boost Smart Agriculture

Silkwave Inc has entered into a Memorandum of Understanding with Sichuan Hefeng Zhitong Biotechnology Co., Ltd. to enhance agricultural product quality and output using Silkwave’s satellite communication platform. This collaboration aims to improve market competitiveness and meet customer needs by advancing smart agriculture initiatives and establishing demonstration bases in Xinjiang’s Yili region.

Silkwave Inc Schedules Board Meeting to Approve Annual Results

Silkwave Inc, a company incorporated in the Cayman Islands, has announced that its board of directors will convene on March 31, 2025, to approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment, if any, which could have implications for stakeholders and reflect on the company’s financial health and strategic direction.

Silkwave Inc Reveals New Share Subscribers

Silkwave Inc, a company listed on the Hong Kong Stock Exchange, has announced additional details regarding the subscription of new shares under a general mandate. The company has identified two investment entities, Advance Sino Investments Limited and Peak Honour Limited, as subscribers. Both entities are independent third parties with no connections to each other or to the company, aiming to invest through a share placement, which could potentially enhance Silkwave’s capital base and market reach.

Silkwave Inc Announces New Share Subscription

Silkwave Inc, a company incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, has announced the subscription of 5,700,000 new shares at a price of HK$0.85 per share, representing a premium over the recent closing price. The transaction is expected to raise approximately HK$4,765,000 in net proceeds, intended for general working capital to cover professional fees and operational expenses by June 2025. The subscription is subject to certain conditions, and no subscriber will become a substantial shareholder immediately upon completion.