Changyou Alliance (1039) AI Stock Analysis

• Market Cap: HK$99.60M
• Dividend Yield: N/A
• Average Volume (3M): 2.05M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: -8.73%
• EPS Growth: 38.65%
• Country: HK
• Employees: 60
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 1,810,953,200
• 10 Day Avg. Volume: 1,417,900
• 30 Day Avg. Volume: 2,049,200
• PEG Ratio: 0.11
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.56
• P/FCF Ratio: -5.35
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$0.06 ▲(45.00% Upside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

Overall score is held back primarily by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technicals provide some support via an uptrend above major moving averages and positive MACD, but valuation remains unattractive due to loss-making fundamentals and the absence of a dividend yield.

Positive Factors

Diversified monetization streams

Multiple monetization channels (in‑game purchases, subscriptions, advertising and licensing) provide structural resilience versus reliance on single title launches. Over months this mix can smooth revenue volatility, enable customer lifetime value extraction, and support iterative monetization strategies.

Negative Factors

Declining revenue trend

Material revenue decline erodes scale economics and increases unit cost pressure across development and operations. Over 2–6 months this weakens ability to fund live operations, content updates and user acquisition, making it harder to stabilize or grow top line without significant product or commercial shifts.

Changyou Alliance Business Overview & Revenue Model

Company Description

Changyou Alliance Group Limited, an investment holding company, engages in the digital points business in the People's Republic of China. The company operates a Changyou electronic platform to facilitate awards earned by customers of loyalty progr...

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Changyou Alliance Group Limited, an investment holding company, engages in the digital points business in the People's Republic of China. The company operates a Changyou electronic platform to facilitate awards earned by customers of loyalty progr...

How the Company Makes Money

Changyou Alliance generates revenue through multiple streams, including in-game purchases, subscription fees, and advertising within its gaming platforms. The company monetizes its gaming titles by offering players the option to buy virtual goods ...

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Changyou Alliance generates revenue through multiple streams, including in-game purchases, subscription fees, and advertising within its gaming platforms. The company monetizes its gaming titles by offering players the option to buy virtual goods ...

Changyou Alliance Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	168.65M	180.71M	226.75M	215.04M	114.21M	268.84M
Gross Profit	40.52M	39.27M	39.27M	28.27M	12.67M	1.04M
EBITDA	4.71M	-1.95M	-5.33M	-17.55M	-93.97M	-71.28M
Net Income	-16.78M	-19.52M	-37.56M	-34.73M	-49.47M	-1.65M
Balance Sheet
Total Assets	145.35M	138.82M	149.55M	154.41M	191.01M	289.94M
Cash, Cash Equivalents and Short-Term Investments	26.75M	8.43M	25.71M	33.63M	51.34M	153.96M
Total Debt	165.56M	165.75M	168.76M	145.69M	115.92M	193.99M
Total Liabilities	304.25M	293.19M	302.87M	270.21M	253.23M	227.68M
Stockholders Equity	227.30M	232.70M	234.69M	271.55M	311.12M	361.07M
Cash Flow
Free Cash Flow	11.64M	-18.76M	6.65M	-7.15M	-103.90M	-105.36M
Operating Cash Flow	11.83M	-18.39M	6.91M	-7.01M	-103.39M	-104.25M
Investing Cash Flow	-393.00K	-552.00K	-157.00K	-527.00K	-530.00K	30.40M
Financing Cash Flow	2.17M	1.72M	-14.40M	-11.09M	3.82M	94.67M

Changyou Alliance Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1039, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.40 is Neutral, neither overbought nor oversold. The STOCH value of 129.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1039.

Changyou Alliance Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9896	68 Neutral	HK$38.95B	-69.15	20.24%	3.18%	13.14%	-19.58%
2209	63 Neutral	HK$1.34B	8.93	41.54%	1.89%	55.02%	25.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0178	59 Neutral	HK$2.48B	9.74	8.16%	4.75%	-3.18%	-36.46%
2347	58 Neutral	HK$325.26M	13.05	6.42%	4.29%	-11.44%	-24.09%
1039	51 Neutral	HK$99.60M	-5.40	-7.11%	―	-8.73%	38.65%
0493	43 Neutral	HK$1.01B	-0.04	―	―	49.53%	22.07%