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Flowing Cloud Technology Ltd.
(6610)
Flowing Cloud Technology Ltd. (6610) vs. iShares MSCI Hong Kong ETF (EWH)
Flowing Cloud Technology Ltd. Business Overview & Revenue Model
Flowing Cloud Technology Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 995.35M | 1.24B | 1.07B | 595.29M | 338.60M |
| Gross Profit | 200.04M | 420.72M | 374.00M | 175.52M | 104.70M |
| EBITDA | -18.84M | 292.76M | 298.80M | 102.79M | 80.10M |
| Net Income | -43.70M | 263.94M | 236.75M | 70.20M | 58.88M |
Balance Sheet | |||||
| Total Assets | 1.77B | 1.72B | 1.53B | 583.51M | 390.60M |
| Cash, Cash Equivalents and Short-Term Investments | 167.12M | 335.90M | 404.50M | 214.28M | 104.02M |
| Total Debt | 89.69M | 98.39M | 85.89M | 28.06M | 39.52M |
| Total Liabilities | 387.51M | 269.04M | 302.05M | 136.94M | 211.18M |
| Stockholders Equity | 1.38B | 1.45B | 1.22B | 443.68M | 178.05M |
Cash Flow | |||||
| Free Cash Flow | -156.48M | -112.04M | -210.56M | 6.76M | 5.52M |
| Operating Cash Flow | -117.60M | -52.61M | -155.50M | 24.48M | 24.95M |
| Investing Cash Flow | -48.20M | -18.80M | -224.01M | -16.90M | 1.45M |
| Financing Cash Flow | -4.89M | 458.00K | 574.26M | 102.68M | 65.91M |
Flowing Cloud Technology Ltd. Technical Analysis
Flowing Cloud Technology Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$837.52M | 10.38 | 25.16% | ― | 561.25% | 639.47% | |
61 Neutral | $36.05B | 6.66 | -10.61% | 1.86% | 8.68% | -8.81% | |
55 Neutral | HK$302.40M | ― | -23.23% | 8.38% | -21.29% | 15.16% | |
50 Neutral | HK$235.95M | ― | -14.03% | ― | 15.44% | 10.57% | |
42 Neutral | HK$512.98M | 2.14 | -3.10% | ― | -21.51% | -116.36% | |
| ― | €90.41M | 8.05 | 23.35% | ― | ― | ― | |
39 Underperform | HK$251.98M | 888.89 | -32.60% | ― | 134.00% | ― |
Flowing Cloud Technology Ltd. Corporate Events
Flowing Cloud Technology Ltd has issued a profit warning, anticipating a significant loss for the first half of 2025, ranging from RMB100 million to RMB130 million, compared to a profit of RMB63.5 million in the same period in 2024. The decline is attributed to reduced revenue from its AR/VR marketing services, increased impairment losses for trade receivables, and higher selling and distribution expenses due to intensified marketing efforts.
Flowing Cloud Technology Ltd. has established an Investment Committee to enhance the company’s investment returns by overseeing both internally managed funds and external portfolios. The committee will provide market expertise, review investment performance, and recommend changes to investment policies, thereby potentially impacting the company’s financial strategy and stakeholder interests.
Flowing Cloud Technology Ltd. has announced the composition of its board of directors and the roles within its four board committees. This announcement outlines the leadership structure, which could impact the company’s governance and strategic decision-making, potentially influencing its market positioning and stakeholder relations.
Flowing Cloud Technology Ltd. has established a Nomination Committee as part of its governance structure, which will be composed mainly of independent non-executive directors. This committee is tasked with overseeing board nominations and ensuring diversity, including gender representation, within its members. The formation of this committee reflects the company’s commitment to robust corporate governance practices and may enhance its industry standing by promoting transparency and accountability.
Flowing Cloud Technology Ltd. announced a change in its board composition with the resignation of Mr. Tan Deqing as an independent non-executive director, who also held key committee positions. Mr. Li Shaojie has been appointed to replace Mr. Tan, bringing over 25 years of experience in media and animation to the board, which may impact the company’s strategic direction and stakeholder interests.
Flowing Cloud Technology Ltd. has announced the composition of its board of directors and the roles and functions of each member. The board includes both executive and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees, indicating a structured governance approach.
Flowing Cloud Technology Ltd. held its annual general meeting on May 28, 2025, where all proposed resolutions were unanimously passed. These resolutions included the adoption of the audited financial statements, re-election of directors, authorization of director remuneration, re-appointment of the auditor, and granting of mandates to repurchase and issue shares. The unanimous approval of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives effectively.
Flowing Cloud Technology Ltd. has successfully completed the placement of 361 million new shares under a general mandate, raising approximately HK$71.62 million in net proceeds. The funds will be allocated to enhance R&D capabilities, improve services and products, and strengthen sales and marketing efforts, with a portion reserved for general working capital. This strategic move impacts the company’s shareholding structure, increasing the public shareholding percentage and supporting its growth initiatives.