Feiyu Technology International Company Ltd. (1022) AI Stock Analysis

• Market Cap: HK$472.35M
• Dividend Yield: N/A
• Average Volume (3M): 1.18M
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.20
• Revenue Growth: 20.13%
• EPS Growth: -181.85%
• Country: HK
• Employees: 381
• Sector: Communication Services
• Sector Strength: 81
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.03
• Shares Outstanding: 1,749,442,000
• 10 Day Avg. Volume: 2,129,950
• 30 Day Avg. Volume: 1,180,883
• PEG Ratio: 0.01
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: HK$0.50 ▲(85.19%Upside)

Feiyu Technology's overall score is primarily driven by its financial challenges, particularly in achieving profitability and generating cash flow. While there is positive technical momentum, the stock is overbought, suggesting caution. The valuation is unattractive due to the negative P/E ratio and lack of dividend yield.

Feiyu Technology International Company Ltd. Business Overview & Revenue Model

Company Description

Feiyu Technology International Company Ltd., an investment holding company, develops, operates, and distributes mobile, web, and personal computer games in Mainland China. Its game portfolio includes Shen Xian Dao, Carrot Fantasy, San Guo Zhi Ren, Jiong Xi You, Da Hua Shen Xian, Ba Qin, and BATTERY RUN. As of December 31, 2021, it had approximately 229.1 million cumulative registered users, including 173.0 million web game users and 56.1 million mobile game users; 635.9 million cumulative activated downloads for casual games; and 37.4 million cumulative registered users for HTML5 games. The company was founded in 2009 and is headquartered in Xiamen, the People's Republic of China.

How the Company Makes Money

Feiyu Technology International Company Ltd. generates revenue through multiple streams primarily centered around its gaming software and services. The company's primary revenue model involves the sale of virtual items, in-game purchases, and subscriptions within its gaming platforms. These microtransactions are a significant source of income, as players spend money to enhance their gaming experience through additional content, special items, or premium features. Additionally, the company may earn advertising revenue by partnering with various ad networks to display advertisements within its games. Significant partnerships with other technology companies, gaming platforms, or distribution channels can also contribute to its earnings, by extending its reach and increasing its user base. Furthermore, Feiyu Technology might engage in licensing agreements, allowing other companies to use its intellectual property in exchange for royalties, thus diversifying its income streams.

Feiyu Technology International Company Ltd. Financial Statement Overview

Summary

Feiyu Technology faces significant challenges in achieving profitability despite revenue growth. While the balance sheet remains relatively strong with solid equity, cash flow issues and persistent losses threaten financial stability. The company needs to focus on improving operational efficiency and cash flow generation to enhance its financial position.

Income Statement

Feiyu Technology's income statement reflects challenges in maintaining profitability. The gross profit margin remains high, indicating strong cost management, but the net profit margin is negative due to significant EBIT and EBITDA losses. Recent revenue growth is positive but has not translated into profitability, indicating potential operational inefficiencies.

Balance Sheet

The company maintains a solid equity position with a favorable equity ratio and a manageable debt-to-equity ratio. However, the negative return on equity suggests difficulties in generating returns for shareholders. The balance sheet's strength is offset by recurring annual losses, impacting equity value.

Cash Flow

Feiyu Technology's cash flow statement reveals concerns with no reported operating or free cash flows in the latest year. Previous free cash flows were negative, highlighting cash generation challenges. The lack of positive cash flow generation poses liquidity risks and affects operational flexibility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	276.75M	226.19M	191.52M	104.79M	117.00M
Gross Profit	237.19M	194.47M	154.20M	69.93M	82.42M
EBITDA	-37.90M	42.37M	-23.95M	-72.59M	-32.97M
Net Income	-44.39M	52.01M	-29.64M	-78.10M	-21.46M
Balance Sheet
Total Assets	680.08M	701.93M	625.66M	668.50M	634.06M
Cash, Cash Equivalents and Short-Term Investments	102.50M	161.21M	133.41M	130.13M	145.73M
Total Debt	89.50M	97.17M	74.25M	81.96M	70.11M
Total Liabilities	197.50M	175.99M	169.15M	174.59M	144.90M
Stockholders Equity	469.82M	511.43M	446.22M	493.72M	498.32M
Cash Flow
Free Cash Flow	-12.18M	33.18M	-19.57M	-81.32M	-64.14M
Operating Cash Flow	-10.88M	40.07M	-4.50M	-53.23M	-35.47M
Investing Cash Flow	-43.01M	-43.69M	22.33M	-70.62M	52.05M
Financing Cash Flow	-7.42M	27.99M	-13.65M	112.14M	-56.17M

Feiyu Technology International Company Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1022, the sentiment is Positive. The current price of 0.27 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.21, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 70.14 is Negative, neither overbought nor oversold. The STOCH value of 75.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1022.

Feiyu Technology International Company Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$40.76B	-1.15	-12.05%	3.90%	2.03%	-69.70%
1022	55 Neutral	HK$472.35M	29.52	-9.06%	―	20.13%	-181.85%
FH0		€14.51M	―	-10.95%	―	―	―
13O		€21.71M	―		―	―	―
6860	71 Outperform	HK$336.57M	9.69	4.10%	―	-7.48%	416.22%
1909	55 Neutral	HK$418.56M	―	-14.02%	―	4.20%	-103.05%
1961	45 Neutral	HK$290.05M	―	-38.09%	―	-4.13%	20.14%

Feiyu Technology International Company Ltd. Corporate Events

Feiyu Technology Sets Governance Standards with New Nomination Committee Terms

Feiyu Technology International Company Ltd. has outlined the terms of reference for its Nomination Committee, emphasizing a commitment to diversity and governance. The committee will focus on reviewing the board’s structure, size, and composition, ensuring diversity and effective governance, and will meet at least once a year to discuss potential changes to the board, assess director independence, and evaluate board performance.

Feiyu Technology Acquires Beijing Properties in Strategic Expansion

Feiyu Technology International Company Ltd. has announced a discloseable transaction involving the acquisition of properties in Beijing, China. The transaction, valued at RMB50,300,000, involves the purchase of office units and parking spaces through its subsidiary, Beijing Jialike. This acquisition is subject to the existing tenancies and will be used for non-residential purposes. The transaction is significant as it falls under the discloseable transaction category according to Hong Kong’s Listing Rules, indicating a strategic expansion in its property assets.

Feiyu Technology Secures Unanimous Approval for AGM Resolutions

Feiyu Technology International Company Ltd. announced that all proposed resolutions at their annual general meeting held on May 23, 2025, were unanimously approved by shareholders. These resolutions included the adoption of financial statements, re-election of executive directors, authorization of directors’ remuneration, re-appointment of auditors, and mandates for share repurchase and issuance. The unanimous approval reflects strong shareholder support and stability in the company’s governance, potentially enhancing its market position.

Feiyu Technology Clarifies AGM Notice Error

Feiyu Technology International Company Ltd. issued a clarification announcement regarding a clerical error in the notice of its upcoming annual general meeting scheduled for May 23, 2025. The correction pertains to the location details of the meeting, ensuring stakeholders are accurately informed. The rest of the AGM Notice remains unchanged, and the announcement serves to maintain transparency and clear communication with shareholders and other stakeholders.

Feiyu Technology Announces 2025 Annual General Meeting and Key Resolutions

Feiyu Technology International Company Ltd. has announced its upcoming annual general meeting scheduled for May 24, 2025, where several key resolutions will be discussed. These include the adoption of the company’s financial statements for 2024, the re-election of executive directors, and the re-appointment of Ernst & Young as auditors. Additionally, a general mandate for share repurchase will be considered, potentially impacting the company’s market operations and shareholder value.