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Flowing Cloud Technology Ltd.
(6610)
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Rating:43Neutral
Price Target:
HK$0.69
▼(-57.19% Downside)
Action:Reiterated
Date:06/17/26
The score is primarily pressured by deteriorating fundamentals—revenue contraction, margin collapse into large losses, and sustained cash burn—while the technical picture also remains negative with price below key moving averages and a negative MACD. Valuation provides limited offset because the negative P/E reflects current losses and there is no dividend yield data.
Positive Factors
Low Leverage / Balance Sheet Cushion
Low debt levels and conservative leverage provide enduring financial flexibility, reducing bankruptcy and refinancing risk during continued operating losses. This balance sheet cushion allows management more time to restructure operations or invest in recovery without imminent creditor pressure.
Negative Factors
Sustained Revenue Contraction
Persistent and material revenue declines weaken network effects, customer retention economics, and scale-driven margin recovery. Ongoing top-line contraction reduces ability to cover fixed costs and constrains investment in product and sales needed for a structural recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Cushion
Low debt levels and conservative leverage provide enduring financial flexibility, reducing bankruptcy and refinancing risk during continued operating losses. This balance sheet cushion allows management more time to restructure operations or invest in recovery without imminent creditor pressure.
Read all positive factors
Flowing Cloud Technology Ltd. (6610) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$91.52M
Dividend YieldN/A
Average Volume (3M)10.98M
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth-21.21%
EPS Growth-608.13%
CountryHK
Employees172
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-3.34
Shares Outstanding130,087,860
10 Day Avg. Volume10,713,200
30 Day Avg. Volume10,983,445
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.11
Price to Sales (P/S)0.16
P/FCF Ratio-0.62
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)5.2
Revenue Forecast (FY)HK$2.04B
Flowing Cloud Technology Ltd. Business Overview & Revenue Model
Company Description
Flowing Cloud Technology Ltd operates in China, providing intelligent marketing technology services. The company delivers standardized Software-as-a-Service (SaaS) marketing platforms, built upon cutting-edge capabilities including AR/VR engines, ...
Flowing Cloud Technology Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 783.90M | 995.35M | 1.24B | 1.07B | 595.29M |
| Gross Profit | 152.32M | 200.04M | 420.72M | 374.00M | 175.52M |
| EBITDA | -337.53M | -18.84M | 292.76M | 291.64M | 130.67M |
| Net Income | -367.09M | -43.70M | 263.94M | 236.75M | 70.20M |
Balance Sheet | |||||
| Total Assets | 1.58B | 1.77B | 1.72B | 1.53B | 583.51M |
| Cash, Cash Equivalents and Short-Term Investments | 62.05M | 167.12M | 335.90M | 407.96M | 214.28M |
| Total Debt | 117.14M | 89.69M | 98.39M | 85.89M | 28.06M |
| Total Liabilities | 465.94M | 387.51M | 269.04M | 302.05M | 136.94M |
| Stockholders Equity | 1.10B | 1.38B | 1.45B | 1.22B | 443.68M |
Cash Flow | |||||
| Free Cash Flow | -198.39M | -156.48M | -112.04M | -210.56M | 6.76M |
| Operating Cash Flow | -197.88M | -117.60M | -52.61M | -155.50M | 24.48M |
| Investing Cash Flow | -50.52M | -48.20M | -18.80M | -224.01M | -16.90M |
| Financing Cash Flow | 151.66M | -4.89M | 458.00K | 574.26M | 102.68M |
Flowing Cloud Technology Ltd. Technical Analysis
Negative
1.60
Price Trends
1.00
Negative
1.18
Negative
1.81
Negative
Market Momentum
-0.06
Negative
33.63
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6610, the sentiment is Negative. The current price of 1.6 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 1.00, and below the 200-day MA of 1.81, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 33.63 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6610.
Flowing Cloud Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$1.36B | 14.40 | 8.62% | ― | 14.29% | 142.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$23.74B | 143.89 | 1.75% | ― | 12.11% | ― | |
53 Neutral | HK$2.48B | 69.55 | 0.68% | 3.10% | -10.44% | ― | |
48 Neutral | HK$22.30B | -18.25 | -12.16% | ― | 31.44% | 56.19% | |
43 Neutral | HK$91.52M | -0.18 | -28.66% | ― | -21.21% | -608.13% | |
42 Neutral | HK$4.71B | -16.62 | -66.11% | ― | 18.94% | 89.36% |
* Technology Sector Average
HK:6610
Flowing Cloud Technology Ltd.
0.71
-5.09
-87.76%
HK:0268
Kingdee International Software Group Co
6.70
-9.86
-59.54%
HK:2013
Weimob
1.15
-0.88
-43.35%
HK:0909
Ming Yuan Cloud Group Holdings Limited
1.35
-1.71
-55.82%
HK:1588
Chanjet Information Technology Co., Ltd. Class H
4.16
-3.08
-42.54%
HK:3896
Kingsoft Cloud Holdings Ltd
4.92
-3.46
-41.29%
Flowing Cloud Technology Ltd. Corporate Events
Flowing Cloud Technology Plans Major Capital Expansion Via Rights Issue
Jul 15, 2026
The board of Flowing Cloud Technology has proposed increasing the company’s authorised share capital from 250 million to 2 billion shares to accommodate a major capital-raising initiative. This move is intended to give the technology firm gr...
Flowing Cloud reshapes stake structure at key mainland subsidiary
Jul 15, 2026
Flowing Cloud Technology has detailed the revised shareholding structure of its indirect subsidiary Hangzhou Zhongrunxing following a previous capital subscription and a new subscription. Beijing Flowing Cloud’s stake in Hangzhou Zhongrunxin...
Flowing Cloud Wins Strong Shareholder Backing at 2026 AGM
Jun 9, 2026
Flowing Cloud Technology Ltd. reported that all resolutions put to shareholders at its annual general meeting on June 9, 2026 were approved by poll with an overwhelming majority.Investors backed the adoption of the 2025 audited financial statement...
Flowing Cloud admits disclosure lapse over RMB25 million capital injections into subsidiary
May 26, 2026
Flowing Cloud Technology disclosed that its subsidiary Hangzhou Zhongrunxing entered into two capital subscription arrangements in late 2025, bringing in a total of RMB25 million from Anhui Tongchuang and Lingshui Equity Fund. The funds include mo...
Flowing Cloud Calls 2026 AGM With Share Buyback Mandate on Agenda
Apr 27, 2026
Flowing Cloud Technology Ltd. has called its annual general meeting for 9 June 2026 in Beijing, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025, and receive reports from the board and t...
Flowing Cloud Technology Reshapes Company Secretarial Team and HK Listing Roles
Apr 21, 2026
Flowing Cloud Technology Ltd., a Cayman Islands-incorporated issuer listed in Hong Kong, has a board led by Chairman and Executive Director Wang Lei alongside a mix of executive and independent non-executive directors. The announcement centers on ...
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.