Maoyan Entertainment (HK:1896)
:1896
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Maoyan Entertainment
(1896)
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Rating:72Outperform
Price Target:
HK$6.50
▲(8.51% Upside)
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
Low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility to absorb cyclical box-office shocks, invest in platform enhancements or content tie-ups, and sustain dividends. This reduces refinancing risk and gives management optionality for M&A or marketing during weaker revenue periods.
Negative Factors
Cash flow & earnings volatility
Large year-to-year swings in cash flow and earnings undermine predictability for investors and management planning. Volatility raises execution and working-capital risks, complicates dividend or buyback planning, and means one-year improvements may not signal sustained performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility to absorb cyclical box-office shocks, invest in platform enhancements or content tie-ups, and sustain dividends. This reduces refinancing risk and gives management optionality for M&A or marketing during weaker revenue periods.
Read all positive factors
Maoyan Entertainment (1896) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.61B
Dividend Yield4.71%
Average Volume (3M)6.42M
Price to Earnings (P/E)4.7
Beta (1Y)1.13
Revenue Growth13.41%
EPS Growth210.17%
CountryHK
Employees896
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.49
Shares Outstanding1,162,148,900
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 Target
HK$6.99Price Target Upside16.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.39
Revenue Forecast (FY)HK$4.28B
Maoyan Entertainment Business Overview & Revenue Model
Company Description
Maoyan Entertainment operates a platform that provides internet-empowered entertainment services in the People's Republic of China. The company offers online entertainment ticketing, entertainment content, advertising, and other services. It provi...
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
5.94
Negative
6.45
Negative
6.97
Negative
Market Momentum
-0.06
Positive
42.93
Neutral
23.11
Neutral
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 5.86, above the 50-day MA of 5.94, and below the 200-day MA of 6.97, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 42.93 is Neutral, neither overbought nor oversold. The STOCH value of 23.11 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$6.61B | 4.74 | 6.13% | 4.71% | 13.41% | 210.17% | |
72 Outperform | HK$98.17B | 12.16 | 13.77% | 1.01% | 17.42% | -3.31% | |
68 Neutral | HK$212.44B | 11.99 | 25.63% | ― | 12.62% | 22.16% | |
66 Neutral | HK$20.68B | 39.15 | 11.09% | 2.92% | 15.59% | -28.12% | |
65 Neutral | HK$15.58B | -128.76 | 12.13% | 8.13% | 0.06% | 48.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
47 Neutral | HK$26.05B | -4.73 | -4.23% | ― | -9.16% | -273.98% |
* Communication Services Sector Average
HK:1896
Maoyan Entertainment
5.75
-1.02
-15.07%
HK:0772
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25.24
-1.01
-3.85%
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4.68
-2.25
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HK:9898
Weibo Corp Class A
64.95
1.39
2.19%
HK:1024
Kuaishou Technology Class B
48.88
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HK:1698
Tencent Music Entertainment Group Class A
35.94
-28.98
-44.64%
Maoyan Entertainment Corporate Events
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...
Maoyan Entertainment Proposes HK$0.22 Final Dividend With Scrip Option
Mar 26, 2026
Maoyan Entertainment has proposed a final ordinary dividend of HK$0.22 per share for the financial year ended 31 December 2025, to be paid in cash by default with an option for shareholders to receive new shares instead. The dividend, subject to s...
Maoyan Entertainment Profit Triples in 2025 as China Box Office Rebounds
Mar 26, 2026
Maoyan Entertainment reported strong audited results for 2025, with revenue rising 13.5% to RMB4.63 billion and profit for the year surging 209.6% to RMB563.1 million, as gross profit and adjusted EBITDA also posted triple-digit growth. The board ...
Maoyan Expands Enlight Media Tie‑Up With New IP Deal and Higher Fee Caps
Mar 26, 2026
Maoyan Entertainment has signed a new IP Derivative Business Cooperation Framework Agreement with Enlight Media, effective from March 26, 2026 to December 31, 2027, to collaborate on intellectual property derivative business within Enlight Media G...
Maoyan Entertainment to Modernize Articles for New HKEX Rules and Virtual Meetings
Mar 26, 2026
Maoyan Entertainment plans to amend its Memorandum and Articles of Association to align with recent changes to Hong Kong Listing Rules, including new Appendix A1 requirements and an expanded paperless regime. The company also intends to introduce ...
Maoyan Entertainment Sets Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
Maoyan Entertainment has scheduled a board meeting for March 26, 2026 to review and approve its audited annual results for the year ended December 31, 2025, covering the performance of the company, its subsidiaries and consolidated affiliated enti...
Maoyan Flags Profit Surge on China Box Office and Live Entertainment Boom
Feb 24, 2026
Maoyan Entertainment has issued a positive profit alert, forecasting 2025 revenue of RMB4.6 billion to RMB4.7 billion, up about 13% to 15% year on year, and profit attributable to shareholders of RMB540 million to RMB590 million, implying earnings...
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.