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Maoyan Entertainment
(1896)
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Rating:72Outperform
Price Target:
HK$5.00
▼(-16.53% Downside)
Action:Upgraded
Date:05/02/26
The score is driven primarily by strong financial flexibility (minimal leverage) and improved 2025 profitability, supported by a moderate P/E and high dividend yield. Offsetting these positives are inconsistent cash flow and earnings volatility, plus weaker technicals with the stock below key longer-term moving averages and a negative MACD.
Positive Factors
Balance sheet strength
Very low leverage and a sizable asset base give Maoyan durable financial flexibility to fund content investments, support platform operations, or sustain dividends through box-office cycles. This capital strength reduces refinancing risk and underpins multi-quarter resilience to demand swings.
Negative Factors
Cash flow volatility
Sharp swings in operating and free cash flow across years mean working-capital and timing risks can strain liquidity in weaker box-office periods. Volatility complicates capital allocation and reduces confidence that 2025 cash generation will persist every cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a sizable asset base give Maoyan durable financial flexibility to fund content investments, support platform operations, or sustain dividends through box-office cycles. This capital strength reduces refinancing risk and underpins multi-quarter resilience to demand swings.
Read all positive factors
Maoyan Entertainment (1896) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.30B
Dividend Yield4.71%
Average Volume (3M)6.42M
Price to Earnings (P/E)8.1
Beta (1Y)1.22
Revenue Growth13.41%
EPS Growth210.17%
CountryHK
Employees896
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.49
Shares Outstanding1,162,190,200
10 Day Avg. Volume6,059,370
30 Day Avg. Volume6,416,131
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.77
Price to Sales (P/S)1.55
P/FCF Ratio6.02
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)0.39
Revenue Forecast (FY)HK$4.24B
Maoyan Entertainment Business Overview & Revenue Model
Company Description
Maoyan Entertainment, founded in 2017 and headquartered in Beijing, China, operates a prominent digital platform that delivers a wide array of internet-powered entertainment services across the People's Republic of China. Its core activities encom...
How the Company Makes Money
Maoyan Entertainment primarily generates revenue through a combination of platform-based services and entertainment content services. A key revenue stream comes from online ticketing services, where the company earns service fees and commissions l...
Maoyan Entertainment Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.63B | 4.08B | 4.76B | 2.32B | 3.32B |
| Gross Profit | 2.00B | 1.63B | 2.38B | 1.02B | 1.84B |
| EBITDA | 925.80M | 307.76M | 1.28B | 372.85M | 942.06M |
| Net Income | 563.65M | 181.91M | 910.41M | 105.19M | 368.50M |
Balance Sheet | |||||
| Total Assets | 12.73B | 12.51B | 12.54B | 10.26B | 11.03B |
| Cash, Cash Equivalents and Short-Term Investments | 2.54B | 2.51B | 3.44B | 2.28B | 2.66B |
| Total Debt | 104.85M | 481.21M | 278.47M | 373.05M | 606.10M |
| Total Liabilities | 3.43B | 3.46B | 3.50B | 2.08B | 3.04B |
| Stockholders Equity | 9.29B | 9.05B | 9.04B | 8.17B | 7.99B |
Cash Flow | |||||
| Free Cash Flow | 1.19B | -860.61M | 1.47B | 62.91M | 559.69M |
| Operating Cash Flow | 1.20B | -846.26M | 1.50B | 75.22M | 579.26M |
| Investing Cash Flow | 700.89M | -806.78M | -831.24M | -528.84M | 163.50M |
| Financing Cash Flow | -647.50M | 401.00M | -243.37M | -415.63M | -341.07M |
Maoyan Entertainment Technical Analysis
Negative
5.99
Price Trends
5.23
Negative
5.66
Negative
6.28
Negative
Market Momentum
-0.22
Positive
32.15
Neutral
19.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1896, the sentiment is Negative. The current price of 5.99 is above the 20-day moving average (MA) of 4.84, above the 50-day MA of 5.23, and below the 200-day MA of 6.28, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 32.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1896.
Maoyan Entertainment Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$3.88T | 14.44 | 19.90% | 0.75% | 14.96% | 21.57% | |
74 Outperform | HK$97.31B | 10.23 | 10.97% | 1.01% | 17.42% | -3.31% | |
72 Outperform | HK$5.30B | 8.12 | 6.21% | 4.71% | 13.41% | 210.17% | |
68 Neutral | HK$14.13B | 4.61 | 9.89% | 8.13% | 1.60% | 4.87% | |
64 Neutral | HK$186.10B | 9.11 | 22.83% | ― | 12.58% | 17.25% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | HK$19.99B | -22.89 | -4.23% | ― | -9.16% | -273.98% |
* Communication Services Sector Average
HK:1896
Maoyan Entertainment
4.56
-2.32
-33.69%
HK:0700
Tencent Holdings
430.20
-60.88
-12.40%
HK:0772
China Literature
19.57
-9.63
-32.98%
HK:9898
Weibo Corp Class A
57.50
-12.54
-17.91%
HK:1024
Kuaishou Technology Class B
42.64
-17.82
-29.47%
HK:1698
Tencent Music Entertainment Group Class A
33.94
-41.40
-54.95%
Maoyan Entertainment Corporate Events
Maoyan Shareholders Back All AGM Resolutions, Approve Dividend and Auditor Reappointment
Jun 23, 2026
Maoyan Entertainment’s shareholders approved all resolutions at the 23 June 2026 annual general meeting, with poll voting conducted on each item and Computershare Hong Kong Investor Services acting as scrutineer. The meeting had an effective...
Maoyan Shifts AGM Venue to Beijing and Seeks Reappointment of PwC as Auditor
May 22, 2026
Maoyan Entertainment has announced a change of venue for its 2026 annual general meeting, which will now be held at No. 158 Beiyuan Road in Beijing’s Chaoyang District on June 23, with the date, time, resolutions and previously submitted pro...
Maoyan Entertainment Announces Resignation of Non-Executive Director
May 5, 2026
Maoyan Entertainment announced that non-executive director Chen Shaohui has resigned from the board, effective May 5, 2026, citing other business commitments as the reason for his departure. The company emphasized that Chen has no disagreements wi...
Maoyan Entertainment Details Board and Committee Structure
May 5, 2026
Maoyan Entertainment announced the current composition of its board of directors, detailing the roles of executive, non-executive, and independent non-executive directors, including the chief executive officer and chairman. The company also disclo...
Maoyan Sets 2026 AGM to Approve Dividend, Board Changes and Share Mandates
Apr 28, 2026
Maoyan Entertainment has called its 2026 annual general meeting for 23 June 2026 in Beijing, where shareholders will review the 2025 audited financial statements, consider a final dividend of HK$0.22 per share with a scrip option, and vote on the ...
Maoyan Signs Nine-Year Connected-Party Office Lease in Beijing
Apr 21, 2026
Maoyan Entertainment’s wholly owned subsidiary Beijing Maoyan Weying has signed a nine-year lease with Beijing Yulin, a unit of Enlight Media, for office premises spanning 9,739.05 square meters in Chaoyang District, Beijing, to be used sole...
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.