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Inke Ltd.
(3700)
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Rating:62Neutral
Price Target:
HK$1.50
▲(50.00% Upside)
Action:Reiterated
Date:05/30/26
The score is held back mainly by weak recent financial performance quality—especially the sharp deterioration in operating and free cash flow and the 2025 revenue decline—despite a strong low-debt balance sheet. Technicals are supportive with price above major moving averages and positive MACD, but overbought signals temper the outlook. Valuation is relatively low (P/E ~9.3), providing some offset.
Positive Factors
Balance Sheet Strength
A very low debt-to-equity ratio provides durable financial flexibility: the company can fund product development, content incentives, or marketing without immediate refinancing pressure. This buffer supports multi-quarter stability and optionality for strategic investments or opportunistic M&A.
Negative Factors
Revenue Decline
A sharp revenue drop signals durable demand or monetization pressure in the core live-streaming market. Lower scale reduces network effects, raises per-user marketing costs, and limits ability to absorb fixed costs, making sustainable margin expansion and creator economics much harder over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A very low debt-to-equity ratio provides durable financial flexibility: the company can fund product development, content incentives, or marketing without immediate refinancing pressure. This buffer supports multi-quarter stability and optionality for strategic investments or opportunistic M&A.
Read all positive factors
Inke Ltd. (3700) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.55B
Dividend Yield4.08%
Average Volume (3M)1.19M
Price to Earnings (P/E)9.5
Beta (1Y)0.55
Revenue Growth-25.20%
EPS Growth33.72%
CountryHK
Employees1,334
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.13
Shares Outstanding1,937,442,000
10 Day Avg. Volume966,900
30 Day Avg. Volume1,185,797
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.40
Price to Sales (P/S)0.36
P/FCF Ratio-4.78
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)0.23
Revenue Forecast (FY)HK$8.20B
Inke Ltd. Business Overview & Revenue Model
Company Description
Inkeverse Group Limited, an investment holding company, operates mobile live streaming platforms in the People’s Republic of China. The company’s products include entertainment platforms comprising of Inke App and Duiyuan App. It is involved in on...
How the Company Makes Money
Inke Ltd. primarily monetizes its platforms through value-added services tied to live streaming, where users purchase virtual items (e.g., digital gifts) that are sent to hosts during broadcasts; the company retains a portion of the proceeds and s...
Inke Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
84
Very Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.13B | 6.85B | 6.84B | 6.32B | 9.18B |
| Gross Profit | 2.56B | 3.34B | 2.83B | 2.55B | 3.31B |
| EBITDA | 556.29M | 288.47M | 578.14M | 546.76M | 551.42M |
| Net Income | 241.20M | 180.31M | 386.53M | -166.10M | 415.38M |
Balance Sheet | |||||
| Total Assets | 5.43B | 5.57B | 5.15B | 4.66B | 5.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.10B | 2.96B | 3.29B | 2.89B | 2.89B |
| Total Debt | 162.98M | 29.72M | 26.20M | 39.93M | 182.82M |
| Total Liabilities | 735.93M | 1.13B | 863.87M | 808.17M | 1.31B |
| Stockholders Equity | 4.61B | 4.40B | 4.27B | 3.85B | 3.93B |
Cash Flow | |||||
| Free Cash Flow | -386.67M | 46.71M | 346.51M | 214.07M | 536.69M |
| Operating Cash Flow | 50.99M | 371.89M | 406.96M | 229.85M | 559.08M |
| Investing Cash Flow | -73.13M | -437.64M | 354.28M | -513.97M | 129.97M |
| Financing Cash Flow | -39.95M | -102.21M | -27.10M | -69.40M | -52.34M |
Inke Ltd. Technical Analysis
Positive
1.00
Price Trends
1.06
Positive
0.90
Positive
1.01
Positive
Market Momentum
0.10
Positive
56.25
Neutral
32.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3700, the sentiment is Positive. The current price of 1 is below the 20-day moving average (MA) of 1.41, below the 50-day MA of 1.06, and below the 200-day MA of 1.01, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 56.25 is Neutral, neither overbought nor oversold. The STOCH value of 32.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3700.
Inke Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$90.20B | 9.49 | 10.97% | 1.01% | 17.42% | -3.31% | |
68 Neutral | HK$13.55B | 4.42 | 9.89% | 8.13% | 1.60% | 4.87% | |
64 Neutral | HK$16.56B | 24.45 | 11.09% | 2.92% | 15.59% | -28.12% | |
64 Neutral | HK$178.42B | 8.74 | 22.83% | ― | 12.58% | 17.25% | |
62 Neutral | HK$2.55B | 9.51 | 6.72% | 4.08% | -25.20% | 33.72% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | HK$1.49B | -2.50 | -4.79% | ― | -19.31% | -2719.11% |
* Communication Services Sector Average
HK:3700
Inke Ltd.
1.41
0.25
21.55%
HK:1357
Meitu
3.61
-5.28
-59.40%
HK:9898
Weibo Corp Class A
55.15
-15.97
-22.45%
HK:1024
Kuaishou Technology Class B
40.88
-22.01
-34.99%
HK:1698
Tencent Music Entertainment Group Class A
31.46
-42.47
-57.45%
HK:2390
Zhihu, Inc. Class A
7.47
-2.91
-28.03%
Inke Ltd. Corporate Events
Inkeverse Sets 2026 AGM to Renew Board, Auditor and Expand Share Issuance Mandate
May 29, 2026
Inkeverse Group Limited has called its annual general meeting for 23 June 2026 in Beijing, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and the accompanying reports from the board...
Inkeverse to Raise HK$328 Million via Share Subscription for GPU Expansion
May 27, 2026
Inkeverse Group Limited has entered into subscription agreements with nine independent investors to issue 387,488,400 new shares at HK$0.85 each, representing 20% of its existing share capital. The move will dilute existing holdings to about 16.67...
Inkeverse Deploys Surplus Cash Into Da Cheng Money Market Fund for Treasury Management
May 8, 2026
Inkeverse Group Limited, a Hong Kong–listed operator of mobile live streaming and social entertainment platforms in China, is expanding its capabilities through a diversified mix of live social networking, short-form dramas and overseas busi...
Inkeverse Recovers Deposit and Delays Further Payments in Pending Skywork AI Deal
Apr 10, 2026
Inkeverse Group Limited has provided an update on its connected transaction involving a Series A preferred share investment in Skywork AI. While most conditions for closing have been met, the deal remains pending due to outstanding outbound direct...
Inkeverse Names Chen Yong as Lead Independent Director to Bolster Governance
Mar 31, 2026
Inkeverse Group Limited has designated existing independent non-executive director Chen Yong as its lead independent non-executive director, effective 31 March 2026, while he continues to serve on the audit, nomination and remuneration committees....
Inkeverse Outlines Board and Committee Structure to Bolster Governance Transparency
Mar 31, 2026
Inkeverse Group Limited has announced the current composition of its board of directors, led by chairman and chief executive officer Feng Yousheng, alongside one other executive director and three independent non-executive directors. The company h...
Inkeverse Profit Surges Despite Revenue Slump and User Decline in 2025
Mar 31, 2026
Inkeverse Group Limited reported a sharp revenue decline for 2025, with sales falling 25.2% year-on-year to RMB5.13 billion as average monthly active users and ARPU both slipped. Despite the top-line pressure, tighter control of selling, administr...
Inkeverse Schedules Board Meeting to Approve 2025 Results and Weigh Final Dividend
Mar 19, 2026
Inkeverse Group Limited has announced that its board of directors will convene on March 31, 2026, to review and approve the annual results for the year ended December 31, 2025. The board will also consider the potential recommendation of a final d...
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.