Qingci Games, Inc. (6633) AI Stock Analysis

• Market Cap: HK$2.42B
• Dividend Yield: N/A
• Average Volume (3M): 3.67K
• Price to Earnings (P/E): 43.7
• Beta (1Y): 0.20
• Revenue Growth: -31.60%
• EPS Growth: N/A
• Country: HK
• Employees: 564
• Sector: Communication Services
• Sector Strength: 79
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.01
• Shares Outstanding: 691,330,500
• 10 Day Avg. Volume: 6,350
• 30 Day Avg. Volume: 3,666
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$3.50
• Price Target Upside: -4.89% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: HK$3.50 ▼(-4.89% Downside)

The overall score reflects strong technical momentum, but the financial performance and valuation metrics raise concerns. The stock's bullish trend is countered by its overbought status and high P/E ratio. Stabilizing financial performance, particularly cash flow, is crucial for long-term strength.

Qingci Games, Inc. Business Overview & Revenue Model

Company Description

Qingci Games, Inc. (6633) is a prominent player in the gaming industry, primarily engaged in the development, publishing, and operation of mobile games. The company focuses on creating immersive and engaging gaming experiences across various genres, appealing to a broad audience of mobile gamers. Qingci Games is known for its innovative approach to game design and its ability to leverage cutting-edge technology to enhance gameplay.

How the Company Makes Money

Qingci Games, Inc. generates revenue through a combination of in-game purchases, advertising, and partnerships. The company primarily relies on the freemium model, where games are free to download, but players can purchase virtual items, enhancements, or currencies within the game to improve their experience or progress faster. Additionally, Qingci Games earns revenue by integrating advertisements within its games, offering advertisers access to its large and engaged user base. Strategic partnerships with other gaming companies and platforms also contribute to its earnings, allowing for cross-promotion and expanded reach.

Qingci Games, Inc. Financial Statement Overview

Summary

Qingci Games, Inc. exhibits a mixed financial profile. The balance sheet is strong with low leverage, but the income statement highlights volatility in revenue and profitability. Cash flow challenges raise concerns about operational efficiency and liquidity.

Income Statement

Revenue has shown volatility with significant fluctuation over the years. The gross profit margin is relatively healthy, but the net profit margin is unstable, with years of negative net income. EBIT and EBITDA margins have been inconsistent, indicating operational challenges.

Balance Sheet

The company maintains a strong equity base with a low debt-to-equity ratio, indicating financial stability. However, the return on equity has been erratic due to fluctuating net income. The equity ratio suggests a robust capital structure.

Cash Flow

Cash flow from operations has been inconsistent with recent years showing negative figures. Free cash flow growth has been negative, and the ratios to net income highlight potential issues in translating earnings into cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	627.96M	905.74M	630.37M	1.11B	1.23B
Gross Profit	363.12M	557.88M	422.09M	812.60M	942.36M
EBITDA	-11.11M	-8.72M	94.57M	386.48M	115.97M
Net Income	51.12M	-37.37M	50.28M	-368.64M	103.74M
Balance Sheet
Total Assets	1.98B	2.00B	1.92B	1.87B	734.82M
Cash, Cash Equivalents and Short-Term Investments	1.60B	1.53B	1.49B	1.52B	444.55M
Total Debt	40.53M	44.37M	26.80M	32.56M	10.39M
Total Liabilities	174.23M	255.97M	157.50M	222.57M	520.62M
Stockholders Equity	1.82B	1.75B	1.76B	1.65B	214.20M
Cash Flow
Free Cash Flow	5.13M	-6.80M	-34.60M	194.02M	440.12M
Operating Cash Flow	9.38M	-3.22M	-20.19M	199.94M	443.60M
Investing Cash Flow	-84.32M	-487.07M	-156.76M	-425.10M	49.59M
Financing Cash Flow	-11.61M	9.92M	-46.18M	957.43M	-60.37M

Qingci Games, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6633, the sentiment is Positive. The current price of 3.68 is above the 20-day moving average (MA) of 3.27, above the 50-day MA of 3.10, and above the 200-day MA of 2.91, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 65.71 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6633.

Qingci Games, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2660	70 Outperform	HK$2.57B	5.38	17.68%	6.22%	-21.05%	-42.14%
6633	60 Neutral	HK$2.42B	43.70	2.87%	―	-31.60%	―
Sector *	55 Neutral	HK$63.39B	-0.67	-4.21%	5.33%	-2.16%	-18.87%
3798	52 Neutral	HK$1.48B	18.03	-3.75%	8.47%	-23.76%	-116.47%
0302	51 Neutral	HK$1.62B	―	-43.81%	―	-27.68%	-11792.65%
0797	47 Neutral	HK$1.87B	―	-4.36%	―	-52.38%	43.08%
6820	42 Neutral	HK$1.55B	―	-4.15%	―	7.55%	64.78%

Qingci Games, Inc. Corporate Events

Qingci Games Inc. Announces Significant Profit Growth for H1 2025

Qingci Games Inc. announced a positive profit alert for the first half of 2025, expecting a significant increase in net profit compared to the same period in 2024. The anticipated profit growth, ranging from 78% to 130%, is attributed to efficient operations management, cost control, and favorable exchange rate fluctuations, despite a decrease in gross billings of games.

Qingci Games Inc. Successfully Passes All Resolutions at 2025 AGM

Qingci Games Inc. announced that all resolutions proposed at its Annual General Meeting on June 6, 2025, were passed unanimously through poll voting. The resolutions included the adoption of financial statements, re-election of directors, re-appointment of the auditor, and granting mandates to issue and repurchase shares. This successful AGM outcome reflects strong shareholder support and positions the company for continued strategic operations and governance.

Qingci Games Updates Nomination Committee Terms

Qingci Games Inc. has updated the terms of reference for its Nomination Committee, originally adopted in 2021 and recently amended. The committee is responsible for reviewing the board’s composition and making recommendations on director appointments. It consists of at least three directors, primarily independent non-executive members, ensuring diversity with at least one member of a different gender. This update reflects the company’s commitment to governance and diversity, potentially enhancing its industry positioning and stakeholder confidence.