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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 | EBIT |
| -41.13M | 270.47M | 275.57M | 88.64M | 73.50M | EBITDA |
| -18.84M | 292.76M | 298.80M | 102.79M | 80.10M | Net Income Common Stockholders |
| -43.70M | 263.94M | 236.75M | 70.20M | 58.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 167.12M | 335.90M | 404.50M | 214.28M | 104.02M | Total Assets |
| 1.77B | 1.72B | 1.53B | 583.51M | 390.60M | Total Debt |
| 89.69M | 98.39M | 85.89M | 28.06M | 39.52M | Net Debt |
| -72.73M | -234.27M | -318.61M | -186.22M | -64.49M | 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 | |||
| 0.00 | -112.04M | -210.56M | 6.76M | 5.52M | Operating Cash Flow |
| 0.00 | -52.61M | -155.50M | 24.48M | 24.95M | Investing Cash Flow |
| 0.00 | -18.80M | -224.01M | -16.90M | 1.45M | Financing Cash Flow |
| 0.00 | 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.40T | 41.16 | 14.98% | ― | 38.46% | 72.44% | |
79 Outperform | HK$785.73B | 17.87 | 23.82% | ― | 19.20% | 156.71% | |
78 Outperform | $49.17B | 3.12 | 9.68% | 4.52% | 1.22% | 1.90% | |
74 Outperform | $976.37B | 22.70 | 23.91% | 1.15% | 33.89% | 45.52% | |
63 Neutral | HK$22.34B | 24.84 | 38.63% | ― | 44.92% | ― | |
55 Neutral | $3.08B | 4.59 | -5.40% | 6.77% | 8.17% | -52.13% | |
41 Neutral | HK$562.76M | 2.14 | -3.10% | ― | -21.51% | -116.36% |
Flowing Cloud Technology Ltd. Corporate Events
Flowing Cloud Technology Ltd. has announced a placement of new shares under a general mandate, appointing CNI Securities Group as the placing agent. The company plans to issue up to 361,000,000 new shares, representing approximately 19.99% of its existing share capital, to raise a maximum gross proceeds of approximately HK$72.56 million. The net proceeds are expected to be around HK$71.62 million after expenses. This move is aimed at strengthening the company’s financial position, although the completion of the placement is contingent upon the approval of the Stock Exchange’s Listing Committee.
Flowing Cloud Technology Ltd. has announced its upcoming annual general meeting to be held on May 28, 2025, in Beijing. The meeting will address several key agenda items including the adoption of the company’s audited financial statements for the year ending December 31, 2024, the re-election of board members, the authorization of director remuneration, and the re-appointment of Zhonghui ANDA CPA Limited as the company’s auditor. Additionally, a resolution will be considered to grant the company’s directors a mandate to repurchase up to 10% of its issued shares, which could influence the company’s stock market activities and shareholder value.
Flowing Cloud Technology Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with a 20% decrease in revenue and a shift from profit to loss. Despite these financial challenges, the company has strategically expanded its operations by enhancing its AI virtual human technology and launching ‘FT Live’, an intelligent live streaming control product. This expansion aims to strengthen its position in the virtual human industry and capitalize on the growing demand for high-quality content in live-streaming platforms like Douyin.
Flowing Cloud Technology Ltd has announced that its board of directors will convene on March 31, 2025, to review and approve the company’s final results for the fiscal year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend and address other business matters, potentially impacting the company’s financial strategy and shareholder returns.
Flowing Cloud Technology Ltd. has announced the appointment of Ms. Chen Yuelin as an independent non-executive director. Ms. Chen has confirmed her independence and lack of financial or other interests in the company, ensuring compliance with relevant listing rules. This appointment is expected to strengthen the company’s governance and enhance its board’s independence.
Flowing Cloud Technology Ltd. has announced changes in its board of directors, with the resignation of Ms. Wang Beili from her role as an independent non-executive director and chairlady of the audit committee, effective March 3, 2025. Ms. Wang’s departure is due to her desire to focus on other commitments. The company has appointed Ms. Chen Yuelin as her successor, who brings over 17 years of experience in taxation, accounting, and management. Ms. Chen will assume the roles previously held by Ms. Wang, marking a significant transition in the company’s governance structure.
Flowing Cloud Technology Ltd. has announced the composition of its board of directors and the roles and functions of its board committees. The board consists of executive directors Mr. Wang Lei, Ms. Xu Bing, and Mr. Li Yao, along with independent non-executive directors Mr. Jiang Yi, Mr. Tan Deqing, and Ms. Chen Yuelin. The announcement details the membership of the Audit, Remuneration, and Nomination Committees, highlighting the leadership roles of Mr. Tan Deqing and Ms. Chen Yuelin. This update provides clarity on the company’s governance structure, which is crucial for stakeholders and investors.
Flowing Cloud Technology Ltd. has issued a profit warning, projecting a significant decline in revenue and a shift from profit to loss for the year ending December 31, 2024. The downturn is attributed to reduced budgets from internet advertisement customers, increased traffic costs, heightened competition in AR/VR content, and elevated promotion and R&D expenses. The company advises caution to shareholders and investors as the final annual results may differ from preliminary estimates.