iDreamSky Technology Holdings Limited (HK:1119)
:1119
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iDreamSky Technology Holdings Limited
(1119)
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Rating:46Neutral
Price Target:
HK$0.46
▼(-62.82% Downside)
Action:Upgraded
Date:05/04/26
The score is held back primarily by weak cash-flow durability despite a return to profitability, alongside a technically bearish downtrend. Valuation adds limited support due to a negative P/E and no dividend yield data.
Positive Factors
Improved profitability and margins
The company swung to a small net profit in 2025 with stronger gross (~39.8%) and positive EBIT/EBITDA margins. This suggests structural improvements in cost of goods sold and operating discipline that can sustain modest profitability across title lifecycles, reducing insolvency risk and supporting reinvestment if game portfolio performance remains stable.
Negative Factors
Weak cash generation
Material deterioration in operating and free cash flow in 2025 reduces the company’s ability to self-fund user acquisition, live-ops, and new partnerships. Persistent weak cash conversion raises financing dependence, limits strategic optionality, and increases execution risk for sustaining or growing the title portfolio over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and margins
The company swung to a small net profit in 2025 with stronger gross (~39.8%) and positive EBIT/EBITDA margins. This suggests structural improvements in cost of goods sold and operating discipline that can sustain modest profitability across title lifecycles, reducing insolvency risk and supporting reinvestment if game portfolio performance remains stable.
Read all positive factors
iDreamSky Technology Holdings Limited (1119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$887.69M
Dividend YieldN/A
Average Volume (3M)5.68M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth-11.59%
EPS GrowthN/A
CountryHK
Employees852
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-0.58
Price to Book (P/B)0.55
Price to Sales (P/S)0.71
P/FCF Ratio117.17
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
iDreamSky Technology Holdings Limited (1119) is a prominent mobile game publisher and developer based in China. The company operates primarily in the mobile gaming sector, focusing on the development, publishing, and distribution of interactive en...
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 | 1.30B | 1.51B | 1.92B | 2.59B | 2.64B |
| Gross Profit | 518.62M | 426.79M | 673.46M | 400.46M | 1.10B |
| EBITDA | 121.27M | -148.15M | -209.47M | -2.13B | 251.24M |
| Net Income | 15.53M | -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
0.46
Negative
0.52
Negative
0.75
Negative
Market Momentum
>-0.01
Negative
40.45
Neutral
33.33
Neutral
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 0.44, above the 50-day MA of 0.46, and above the 200-day MA of 0.75, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.45 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, 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$4.16B | 4.15 | 17.91% | 3.82% | -4.19% | 0.41% | |
78 Outperform | HK$2.68B | 3.52 | 13.33% | 13.83% | -6.66% | -19.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | HK$1.49B | -13.46 | -4.82% | 3.20% | 11.97% | -167.86% | |
50 Neutral | HK$1.83B | -11.57 | -1.78% | ― | 14.35% | 87.20% | |
46 Neutral | HK$887.69M | -21.27 | -27.26% | ― | -11.59% | ― | |
43 Neutral | HK$779.59M | -0.33 | -50.58% | ― | -28.02% | 34.04% |
* Communication Services Sector Average
HK:1119
iDreamSky Technology Holdings Limited
0.41
-0.32
-43.84%
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iDreamSky Technology Holdings Limited Corporate Events
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...
iDreamSky Tightens Governance With Updated Nomination Committee Terms
Apr 1, 2026
iDreamSky Technology Holdings has updated and approved revised terms of reference for its Nomination Committee, effective March 30, 2026, formalizing how the committee is constituted and operates. The committee must have at least three directors, ...
iDreamSky Swings Back to Profit on Dual-Engine Game Strategy and AI-Driven Efficiency
Mar 30, 2026
iDreamSky reported a return to profitability in 2025, with revenue of RMB1.34 billion, gross profit of RMB532.4 million and net profit of RMB19.9 million, reversing a substantial loss a year earlier as adjusted profit reached RMB201.0 million. The...
iDreamSky to Buy Shares for Employee Incentive Scheme
Mar 30, 2026
iDreamSky Technology Holdings has announced that it will instruct the trustee of its 2023 Share Incentive Scheme to purchase ordinary shares on the Hong Kong Stock Exchange within the scheme limit. The acquired shares will be held under the scheme...
iDreamSky Sets Date to Approve 2025 Results and Weigh Final Dividend
Mar 18, 2026
iDreamSky Technology Holdings announced that its board of directors will convene on March 30, 2026, to review and approve the company’s audited final results for the financial year ended December 31, 2025. At the same meeting, the board will...
iDreamSky Signals Profit Turnaround and Stronger Cash Flow for 2025
Mar 15, 2026
iDreamSky Technology Holdings Limited has issued a positive profit alert indicating a turnaround to net profit of about RMB10 million to RMB30 million for 2025, reversing a RMB545 million loss a year earlier. The improvement is driven by strong pe...
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.