Want to see HK:1119 full AI Analyst Report?
Top Page
iDreamSky Technology Holdings Limited
(1119)
Select Model
Select Model
Rating:47Neutral
Price Target:
HK$0.28
▼(-77.82% Downside)
Action:Reiterated
Date:05/29/26
The score is primarily held back by weak and volatile cash-flow performance despite the return to small profitability, alongside a clear bearish technical setup (price below key moving averages with negative MACD). Valuation is only moderate (P/E ~25.6) with no dividend yield provided, offering limited support.
Positive Factors
Recurring mobile game publishing model
iDreamSky’s core business is durable: publishing and live-ops for mobile titles creates recurring revenue from in‑game purchases, advertising and licensing splits. The outsourced development + publishing model scales with hit titles, preserves capital intensity, and supports long-term monetization across title lifecycles.
Negative Factors
Multi-year revenue contraction
A multi-year decline in revenue signals erosion of scale or weaker title pipeline. For a publisher, shrinking top-line reduces bargaining power with platforms and developers, compresses operating leverage, and increases dependence on fewer titles; this raises structural execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring mobile game publishing model
iDreamSky’s core business is durable: publishing and live-ops for mobile titles creates recurring revenue from in‑game purchases, advertising and licensing splits. The outsourced development + publishing model scales with hit titles, preserves capital intensity, and supports long-term monetization across title lifecycles.
Read all positive factors
iDreamSky Technology Holdings Limited (1119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$578.03M
Dividend YieldN/A
Average Volume (3M)5.68M
Price to Earnings (P/E)27.5
Beta (1Y)1.02
Revenue Growth-11.59%
EPS GrowthN/A
CountryHK
Employees654
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,064,405,800
10 Day Avg. Volume6,049,526
30 Day Avg. Volume5,682,548
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.55
Price to Sales (P/S)0.69
P/FCF Ratio117.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.33
Revenue Forecast (FY)HK$4.55B
iDreamSky Technology Holdings Limited Business Overview & Revenue Model
Company Description
Established in 2009 and headquartered in Shenzhen, China, iDreamSky Technology Holdings Limited operates as an investment holding company and a leading digital entertainment platform, with its primary focus on the Chinese game publishing market. T...
How the Company Makes Money
The company primarily makes money by publishing and operating mobile games and monetizing players over the life of each title. Key revenue streams typically include: (1) in-game purchases (e.g., sale of virtual items, skins, battle passes, and oth...
iDreamSky Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.34B | 1.51B | 1.92B | 2.59B | 2.64B |
| Gross Profit | 532.40M | 426.79M | 673.46M | 400.46M | 1.10B |
| EBITDA | 110.83M | -148.15M | -209.47M | -2.13B | 251.24M |
| Net Income | 15.94M | -528.83M | -556.35M | -2.49B | -157.48M |
Balance Sheet | |||||
| Total Assets | 3.63B | 3.59B | 3.71B | 4.32B | 6.61B |
| Cash, Cash Equivalents and Short-Term Investments | 231.31M | 224.11M | 263.57M | 216.38M | 788.76M |
| Total Debt | 1.32B | 1.35B | 1.23B | 1.62B | 1.83B |
| Total Liabilities | 1.87B | 2.13B | 1.96B | 2.53B | 2.40B |
| Stockholders Equity | 1.68B | 1.37B | 1.65B | 1.62B | 3.94B |
Cash Flow | |||||
| Free Cash Flow | 7.90M | -119.31M | 123.10M | 62.83M | 113.63M |
| Operating Cash Flow | 12.36M | 151.68M | 252.96M | 93.92M | 153.77M |
| Investing Cash Flow | -88.78M | -362.18M | -137.93M | -321.69M | -274.75M |
| Financing Cash Flow | 35.19M | 217.06M | -18.11M | -406.16M | 118.98M |
iDreamSky Technology Holdings Limited Technical Analysis
Negative
1.24
Price Trends
0.35
Negative
0.41
Negative
0.59
Negative
Market Momentum
-0.02
Negative
29.81
Positive
20.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1119, the sentiment is Negative. The current price of 1.24 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.35, and above the 200-day MA of 0.59, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 29.81 is Positive, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1119.
iDreamSky Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$3.91B | 6.69 | 17.91% | 3.82% | -4.19% | 0.41% | |
78 Outperform | HK$2.29B | 5.63 | 13.44% | 13.83% | -6.66% | -19.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
47 Neutral | HK$578.03M | 27.54 | -27.26% | ― | -11.59% | ― | |
45 Neutral | HK$1.04B | -11.89 | -4.91% | 3.20% | 11.97% | -167.86% | |
44 Neutral | HK$1.60B | -34.45 | -1.80% | ― | 14.35% | 87.20% | |
43 Neutral | HK$558.19M | -0.32 | -51.92% | ― | -28.02% | 34.04% |
* Communication Services Sector Average
HK:1119
iDreamSky Technology Holdings Limited
0.28
-0.79
-73.83%
HK:0799
IGG
3.41
-0.11
-3.21%
HK:2100
BAIOO Family Interactive
0.38
-0.29
-43.86%
HK:9990
Archosaur Games Inc.
1.99
0.20
11.17%
HK:2660
Zengame Technology Holding Ltd.
2.21
-0.08
-3.45%
HK:0302
CMGE Technology Group Limited
0.18
-0.34
-65.58%
iDreamSky Technology Holdings Limited Corporate Events
iDreamSky Shareholders Back All AGM Resolutions, Renew Capital Mandates
Jun 30, 2026
Shareholders of iDreamSky Technology Holdings Limited approved all resolutions at the annual general meeting held on 30 June 2026 in Hong Kong. Voting was conducted by poll, with the company’s share registrar acting as scrutineer, and all ni...
iDreamSky expands on-market share purchases under 2023 incentive scheme
Jun 25, 2026
iDreamSky Technology Holdings has reported that its trustee has continued to buy back shares on the market under the company’s 2023 Share Incentive Scheme, acquiring 5,350,400 shares since 11 May 2026 for about HK$2 million. In total, the tr...
iDreamSky details employee share option grant and remaining scheme capacity
Jun 12, 2026
iDreamSky Technology Holdings has clarified details of a recent share option grant under its 2023 New Share Option Scheme, confirming that 11,840,000 options were awarded on 8 June 2026 to 63 non-director employees in three groups. The company sai...
iDreamSky Grants 11.84 Million Share Options to Employees Under 2023 Scheme
Jun 8, 2026
iDreamSky Technology Holdings has granted 11.84 million share options to 63 non-director employees under its 2023 New Share Option Scheme, with each option allowing subscription for one share at an exercise price of HKD0.348. The move underscores ...
iDreamSky Reshapes Repayment Profile of HK$386 Million Convertible Bonds
Jun 4, 2026
iDreamSky Technology Holdings has secured bondholder approval to amend the terms of its HK$386 million 5.00% convertible bonds due 2028, which were originally issued to professional investors and are listed in Singapore, while keeping key equity-r...
iDreamSky’s Share Incentive Scheme Trustee Buys HK$2 Million in Stock
May 11, 2026
iDreamSky Technology Holdings has disclosed that a trustee for its 2023 Share Incentive Scheme has purchased 4,502,800 shares on the market, for a total consideration of about HK$2 million. The company indicated that additional share purchases wil...
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.