Qingci Games, Inc. (6633) AI Stock Analysis

• Market Cap: HK$1.93B
• Dividend Yield: N/A
• Average Volume (3M): 77.87K
• Price to Earnings (P/E): 16.2
• Beta (1Y): 0.21
• Revenue Growth: -41.86%
• EPS Growth: N/A
• Country: HK
• Employees: 564
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.08
• Shares Outstanding: 691,330,500
• 10 Day Avg. Volume: 229,500
• 30 Day Avg. Volume: 77,866
• PEG Ratio: -0.17
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 3.22
• P/FCF Ratio: 393.78
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.19
• Revenue Forecast (FY): HK$501.85M

• Rating: 56 Neutral
• Price Target: HK$3.00 ▲(10.70% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

The overall stock score of 56 reflects a mixed outlook. The company's strong balance sheet is offset by volatility in revenue and profitability, as well as cash flow challenges. Technical indicators show a positive short-term trend, but the high P/E ratio suggests potential overvaluation.

Positive Factors

Strong balance sheet

Low leverage and a strong equity base provide durable financial flexibility, allowing the company to fund game development, marketing, or M&A without immediate refinancing. This reduces solvency risk and supports multi-quarter investment pacing through industry cycles.

Negative Factors

Sharp revenue decline

A ~42% revenue contraction is structurally significant: it erodes scale economics, damages user engagement momentum, and limits internal funding for content and marketing. Persistent declines would weaken competitive position and force reliance on external capital.

Qingci Games, Inc. Business Overview & Revenue Model

Company Description

Qingci Games Inc., an investment holding company, develops, publishes, and operates mobile games in the People's Republic of China and internationally. It also publishes its games in cooperation with third-party publishers; and provides informatio...

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Qingci Games Inc., an investment holding company, develops, publishes, and operates mobile games in the People's Republic of China and internationally. It also publishes its games in cooperation with third-party publishers; and provides informatio...

How the Company Makes Money

Qingci Games generates revenue through multiple streams, primarily from in-game purchases and advertisements. The company's games are often free-to-play, allowing users to download and play without an upfront cost, which helps to maximize user acq...

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Qingci Games generates revenue through multiple streams, primarily from in-game purchases and advertisements. The company's games are often free-to-play, allowing users to download and play without an upfront cost, which helps to maximize user acq...

Qingci Games, Inc. Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	532.52M	627.96M	905.74M	630.37M	1.11B	1.23B
Gross Profit	305.48M	363.12M	557.88M	422.09M	812.60M	942.36M
EBITDA	15.66M	-11.11M	-8.72M	94.57M	386.48M	115.97M
Net Income	76.32M	51.12M	-37.37M	50.28M	-368.64M	103.74M
Balance Sheet
Total Assets	2.03B	1.98B	2.00B	1.92B	1.87B	734.82M
Cash, Cash Equivalents and Short-Term Investments	1.68B	1.60B	1.53B	1.49B	1.52B	444.55M
Total Debt	32.75M	40.53M	44.37M	26.80M	32.56M	99.46M
Total Liabilities	156.41M	174.23M	255.97M	157.50M	222.57M	520.62M
Stockholders Equity	1.88B	1.82B	1.75B	1.76B	1.65B	214.20M
Cash Flow
Free Cash Flow	74.46M	5.13M	-6.80M	-34.60M	194.02M	440.12M
Operating Cash Flow	77.49M	9.38M	-3.22M	-20.19M	199.94M	443.60M
Investing Cash Flow	-99.81M	-84.32M	-487.07M	-156.76M	-425.10M	49.59M
Financing Cash Flow	-10.99M	-11.61M	9.92M	-46.18M	957.43M	-60.37M

Qingci Games, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 2.71 is below the 20-day moving average (MA) of 2.82, below the 50-day MA of 2.79, and below the 200-day MA of 3.13, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of 57.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	72 Outperform	HK$2.63B	6.70	11.78%	13.83%	-27.66%	-51.96%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
6820	57 Neutral	HK$1.07B	9.45	7.59%	―	30.71%	―
6633	56 Neutral	HK$1.93B	16.23	4.13%	―	-41.86%	―
3798	56 Neutral	HK$1.64B	8.45	-3.41%	7.30%	-23.42%	-191.82%
0797	51 Neutral	HK$1.84B	14.07	-2.28%	―	6.33%	87.05%
0302	39 Underperform	HK$670.97M	-0.52	-70.09%	―	-36.80%	-666.80%

Qingci Games, Inc. Corporate Events