Tian Ge Interactive Holdings (1980) AI Stock Analysis

• Market Cap: HK$758.93M
• Dividend Yield: 4.48%
• Average Volume (3M): 2.36M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: 15.66%
• EPS Growth: 47.36%
• Country: HK
• Employees: 103
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): -0.02
• Shares Outstanding: 1,109,390,100
• 10 Day Avg. Volume: 1,089,300
• 30 Day Avg. Volume: 2,357,200
• PEG Ratio: -0.26
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 58.35
• P/FCF Ratio: -9.01
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: HK$0.50 ▼(-28.57% Downside)

The overall stock score of 52 reflects significant financial challenges, including declining revenue and negative cash flows. While the technical analysis shows some moderate strength, the negative P/E ratio and operational issues weigh heavily on the stock's prospects. The high dividend yield provides a slight offset for income-seeking investors.

Positive Factors

Strong Equity Position

A strong equity position indicates financial stability and resilience, providing a buffer against financial challenges and enabling potential future investments.

Revenue Model

The diversified revenue model, focusing on user engagement and monetization, supports long-term growth potential by leveraging a large user base and strategic partnerships.

Technological Leadership

Technological leadership in delivering interactive experiences strengthens competitive positioning and enhances user retention, supporting sustained business growth.

Negative Factors

Declining Revenue

Significant revenue decline indicates challenges in maintaining market share and competitiveness, potentially impacting long-term profitability and growth.

Negative Cash Flow

Negative cash flow suggests operational inefficiencies and challenges in generating sufficient cash from operations, which may hinder future investments and growth.

Rising Leverage

Increasing leverage can strain financial resources and limit flexibility, posing risks to financial stability and increasing vulnerability to economic downturns.

Tian Ge Interactive Holdings Business Overview & Revenue Model

Company Description

Tian Ge Interactive Holdings Limited, an investment holding company, operates live social video platforms, and mobile and online games in the People's Republic of China and internationally. The company operates through Online Interactive Entertainment Service and Others segments. It operates mobile live streaming applications, including Miao Broadcasting, Crystal Live Broadcasting, Happy Live Broadcasting, and Feng Broadcasting. The company also operates many-to-many live social video communities, which provides content, such as karaoke and singing competitions; and talk shows on comedy, sports, and pop culture, as well as lectures about finance, education, or personal health. In addition, it operates Sina Showcase, a one-to-many live social video community, where host perform to a group of audience through a one-way video stream. Further, the company offers vehicle mortgage loans through Jiurong.com; and software research and development, technical and consulting, and online entertainment and advertising services. Additionally, it develops and sells mobile games; and invests in financial instruments. The company was incorporated in 2008 and is headquartered in Hangzhou, the People's Republic of China.

How the Company Makes Money

Tian Ge Interactive Holdings generates revenue primarily through in-game purchases and virtual goods sales within its gaming platforms. The company employs a freemium model, where users can access games for free but are encouraged to make purchases for enhanced features, virtual currency, and additional content. Additionally, advertising partnerships and sponsorships contribute to revenue, as the company's platforms attract a significant user base. Moreover, Tian Ge has established collaborations with other gaming companies, allowing for cross-promotion and expanded reach, which further enhances its earning potential.

Tian Ge Interactive Holdings Financial Statement Overview

Summary

Tian Ge Interactive Holdings is experiencing significant financial challenges, with declining revenue and negative net income indicating operational issues. Despite a strong equity position, the company faces cash flow difficulties, highlighting the need for improved financial management.

Income Statement

The company's revenue has been declining significantly from 2019 to 2024, with a decrease from 539.3M to 10.16M. Gross profit margins have also decreased, and net income has been negative in recent years, indicating financial instability and declining profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with stockholders’ equity consistently higher than total liabilities. However, the debt-to-equity ratio has increased over recent years, indicating rising leverage. The equity ratio remains strong, reflecting a solid capital structure.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows in recent years, suggesting operational challenges. Although the company maintains high levels of cash and equivalents, the negative free cash flow growth rate indicates poor cash generation from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.25M	10.16M	67.62M	142.07M	210.53M	329.64M
Gross Profit	14.89M	8.10M	58.85M	111.62M	160.69M	302.71M
EBITDA	-56.18M	-446.00K	-97.42M	-448.75M	-58.97M	90.36M
Net Income	-46.52M	20.00M	-134.67M	-533.44M	128.83M	80.62M
Balance Sheet
Total Assets	2.58B	2.62B	2.56B	2.91B	3.53B	3.55B
Cash, Cash Equivalents and Short-Term Investments	878.05M	1.03B	948.72M	1.08B	1.67B	1.93B
Total Debt	239.46M	200.51M	137.71M	322.19M	291.98M	154.34M
Total Liabilities	397.30M	385.25M	307.10M	532.96M	463.19M	633.13M
Stockholders Equity	2.18B	2.23B	2.25B	2.37B	3.06B	2.80B
Cash Flow
Free Cash Flow	-18.77M	-65.83M	-57.47M	-95.77M	-139.72M	13.54M
Operating Cash Flow	-19.36M	-64.43M	-42.94M	-42.77M	-93.61M	20.52M
Investing Cash Flow	208.72M	177.41M	109.80M	271.55M	-331.48M	-176.46M
Financing Cash Flow	-258.00K	-24.00M	-209.47M	-356.18M	57.95M	147.44M

Tian Ge Interactive Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.70
• 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:1980, the sentiment is Positive. The current price of 0.7 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.68, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.96 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1980.

Tian Ge Interactive Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1024	75 Outperform	HK$326.12B	17.04	25.67%	―	11.37%	16.74%
1698	73 Outperform	HK$193.55B	18.06	14.50%	1.01%	13.62%	80.52%
3700	66 Neutral	HK$1.96B	6.21	6.95%	4.08%	-17.47%	-7.94%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
9898	60 Neutral	HK$20.49B	6.22	12.49%	8.13%	-1.40%	22.37%
2390	53 Neutral	HK$2.35B	21.72	2.39%	―	-23.80%	―
1980	52 Neutral	HK$758.93M	-15.98	-2.08%	4.48%	15.66%	47.36%

Tian Ge Interactive Holdings Corporate Events

Tian Ge Dispatches Composite Document for Mandatory Unconditional Cash Offer

Truesense Trading Limited has formally dispatched a composite offer document for its mandatory unconditional cash offer to acquire all issued shares of Tian Ge Interactive Holdings Limited not already owned or to be acquired by Truesense, certain key individuals and related entities. The document, sent to independent shareholders on 18 December 2025 and also available on the company and exchange websites, sets out the terms and conditions of the offer, the expected timetable, and recommendations and advice from the Tian Ge board, an independent board committee, and an independent financial adviser. The offer opened on 18 December 2025 and is scheduled to close at 4:00 p.m. on 8 January 2026, with results to be announced the same evening, marking a key step in a potential change of control that could reshape Tian Ge’s shareholder base and governance structure.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.

Tian Ge Interactive Holdings Announces Delay in Composite Document Dispatch

Tian Ge Interactive Holdings Limited, in collaboration with Truesense Trading Limited, announced a delay in the dispatch of a Composite Document related to a mandatory unconditional cash offer by Astrum Capital Management Limited. The delay is due to the need for additional time to prepare and finalize necessary information, including advice letters and regulatory disclosures. The deadline for dispatch has been extended to on or before December 19, 2025, with further announcements to be made regarding the document’s release or any changes to the timeline.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.

Tian Ge Interactive Appoints New Executive Director

Tian Ge Interactive Holdings Limited has appointed Mr. Zhao Weiwen as an executive director effective November 28, 2025. Mr. Zhao, who has been with the company since 2010 and has extensive experience in the internet industry, will continue to oversee multiple internal departments, contributing to the company’s strategic management and development.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.

Tian Ge Interactive Holdings Announces New Board Composition

Tian Ge Interactive Holdings Limited has announced the composition of its board of directors effective from November 28, 2025. The board includes executive directors Mr. Fu Zhengjun, Mr. Mai Shi’en, and Mr. Zhao Weiwen, non-executive director Ms. Cao Fei, and independent non-executive directors Mr. Tse Ming Lun Alan, Mr. Wang Mingchun, and Mr. Lam Yick Man. The announcement details the roles and functions of each director within the company’s board committees, highlighting the leadership and membership positions across the audit, remuneration, and nomination committees.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.

Tian Ge Interactive Announces Mandatory Cash Offer Following Share Acquisition

Tian Ge Interactive Holdings Limited has announced a mandatory unconditional cash offer by Astrum Capital Management Limited on behalf of Truesense Trading Limited to acquire all issued shares not already owned by Truesense, Ms. Hong Yan, Mr. Fu Zhengjun, and Blueberry Worldwide Holdings Limited. This acquisition follows Truesense’s recent purchase of 20 million shares, increasing its stake to approximately 31.63% of the company’s total issued share capital. The offer is priced at HK$0.68 per share and is in compliance with the Takeovers Code, potentially impacting the company’s shareholder structure and market positioning.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.