Flowing Cloud Technology Ltd. (HK:6610)
:6610
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Flowing Cloud Technology Ltd.
(6610)
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Rating:47Neutral
Price Target:
HK$1.00
▼(-37.50% Downside)
Action:Upgraded
Date:05/01/26
The score is driven primarily by weak financial performance, especially the sharp deterioration in profitability and persistent cash burn. Technicals are mixed with modest short-term stabilization but a weaker longer-term trend. Valuation provides limited support due to loss-making earnings and no dividend yield data.
Positive Factors
Low leverage
Conservative leverage (very low debt-to-equity) provides durable financial flexibility, reducing refinancing risk and allowing the company to absorb operating volatility or invest in product development. This stabilizer matters over months as losses continue.
Negative Factors
Revenue decline
A material and recent revenue decline undermines durable growth prospects and makes fixed-cost recovery harder. Declining top-line momentum over multiple years pressures unit economics and limits the runway to regain scale without additional investment or structural change.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Conservative leverage (very low debt-to-equity) provides durable financial flexibility, reducing refinancing risk and allowing the company to absorb operating volatility or invest in product development. This stabilizer matters over months as losses continue.
Read all positive factors
Flowing Cloud Technology Ltd. (6610) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$161.13M
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
Employees124
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-2.48
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. is a leading provider of cloud-based solutions specializing in data management, analytics, and cybersecurity services. Operating primarily in the technology sector, the company aims to enhance operational efficiency a...
Flowing Cloud Technology Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 928.65M | 783.90M | 995.35M | 1.24B | 1.07B | 595.29M |
| Gross Profit | 155.45M | 152.32M | 200.04M | 420.72M | 374.00M | 175.52M |
| EBITDA | -224.93M | -337.53M | -18.84M | 292.76M | 291.64M | 130.67M |
| Net Income | -230.68M | -367.09M | -43.70M | 263.94M | 236.75M | 70.20M |
Balance Sheet | ||||||
| Total Assets | 1.76B | 1.58B | 1.77B | 1.72B | 1.53B | 583.51M |
| Cash, Cash Equivalents and Short-Term Investments | 21.00M | 62.05M | 167.12M | 335.90M | 407.96M | 214.28M |
| Total Debt | 96.64M | 117.14M | 89.69M | 98.39M | 85.89M | 28.06M |
| Total Liabilities | 438.62M | 465.94M | 387.51M | 269.04M | 302.05M | 136.94M |
| Stockholders Equity | 1.32B | 1.10B | 1.38B | 1.45B | 1.22B | 443.68M |
Cash Flow | ||||||
| Free Cash Flow | 14.07M | -198.39M | -156.48M | -112.04M | -210.56M | 6.76M |
| Operating Cash Flow | 12.90M | -197.88M | -117.60M | -52.61M | -155.50M | 24.48M |
| Investing Cash Flow | -45.79M | -50.52M | -48.20M | -18.80M | -224.01M | -16.90M |
| Financing Cash Flow | 0.00 | 151.66M | -4.89M | 458.00K | 574.26M | 102.68M |
Flowing Cloud Technology Ltd. Technical Analysis
Negative
1.60
Price Trends
1.30
Negative
1.46
Negative
2.57
Negative
Market Momentum
-0.01
Positive
45.97
Neutral
25.09
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 1.38, above the 50-day MA of 1.30, and below the 200-day MA of 2.57, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 25.09 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$947.31M | 4.89 | 23.35% | 9.81% | 2.06% | 2.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$320.80M | 4.22 | 32.68% | ― | 850.79% | 100.62% | |
55 Neutral | HK$1.81B | 158.66 | 25.85% | ― | 64.98% | 2688.89% | |
47 Neutral | HK$161.13M | -0.34 | -13.22% | ― | -21.21% | -608.13% | |
45 Neutral | HK$189.72M | -0.91 | -30.66% | ― | 10.88% | -88.91% | |
45 Neutral | HK$163.20M | -26.08 | -34.67% | 14.49% | 129.07% | -5.71% |
* Technology Sector Average
HK:6610
Flowing Cloud Technology Ltd.
1.25
-3.55
-73.96%
HK:0536
Tradelink Electronic Commerce Limited
1.19
0.30
34.01%
HK:1808
Enterprise Development Holdings Limited
1.31
-2.78
-67.97%
HK:9600
Newlink Technology Inc.
0.19
-0.07
-27.31%
HK:8148
Aurum Pacific (China) Group Ltd.
3.95
2.20
125.71%
HK:8635
Novacon Technology Group Ltd
0.34
-0.34
-50.00%
Flowing Cloud Technology Ltd. Corporate Events
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 ...
Flowing Cloud Technology Swings to Deep Loss as AR&VR Headwinds Mount
Mar 25, 2026
Flowing Cloud Technology Ltd. reported a sharp deterioration in its 2025 results, as revenue fell 21.2% to RMB783.9 million and gross profit dropped 23.9%, while its loss before tax ballooned to RMB365.6 million from RMB44.8 million a year earlier...
Flowing Cloud Technology Sets March 2026 Board Meeting to Approve 2025 Results
Mar 13, 2026
Flowing Cloud Technology Ltd. has scheduled a board meeting for 25 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025 and to authorize their publication. The board will also consider rec...
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.