Qingci Games, Inc. (6633) AI Stock Analysis

• Market Cap: HK$2.36B
• Dividend Yield: N/A
• Average Volume (3M): 5.90K
• Price to Earnings (P/E): 42.4
• Beta (1Y): 0.28
• Revenue Growth: -31.60%
• EPS Growth: N/A
• Country: HK
• Employees: 564
• Sector: Communication Services
• Sector Strength: 89
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.08
• Shares Outstanding: 691,330,500
• 10 Day Avg. Volume: 7,850
• 30 Day Avg. Volume: 5,900
• PEG Ratio: 0.07
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -73.32
• 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

• Rating: 61 Neutral
• Price Target: HK$3.50 ▲(2.94%Upside)

The overall stock score for Qingci Games, Inc. is driven primarily by strong technical indicators, suggesting short-term bullish momentum. However, financial performance is mixed, with significant volatility in revenue and cash flow challenges. The high P/E ratio suggests overvaluation, impacting the overall score.

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 information services. As of December 31, 2021, the company operated six mobile games and had a pipeline of 11 mobile games. It serves game players through distribution channels, including online application stores, such as iOS App Store and Google Play; and web-based and mobile game portals, such as its own websites. The company was founded in 2012 and is headquartered in Xiamen, China.

How the Company Makes Money

Qingci Games, Inc. primarily generates revenue through the sale of in-game items and services, leveraging a free-to-play model that encourages users to make microtransactions for virtual goods. The company also earns money through advertising, partnering with other companies to integrate ads within its games. Additionally, Qingci Games may engage in strategic partnerships and collaborations to diversify its revenue streams and enhance its market presence.

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
	EBIT
42.39M	-26.97M	61.11M	341.33M	119.43M
	EBITDA
-11.11M	-8.72M	94.57M	386.48M	115.97M
	Net Income Common Stockholders
51.12M	-37.37M	50.28M	-368.64M	103.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.60B	1.53B	1.49B	1.52B	444.55M
	Total Assets
1.98B	2.00B	1.92B	1.87B	734.82M
	Total Debt
40.53M	44.37M	26.80M	32.56M	10.39M
	Net Debt
-409.44M	-493.63M	-975.12M	-1.14B	-432.85M
	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: 3.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 3.4 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 2.90, and above the 200-day MA of 2.82, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 72.12 is Negative, neither overbought nor oversold. The STOCH value of 90.50 is Negative, 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
Sector *	61 Neutral	$14.57B	5.94	-3.83%	7.78%	2.79%	-33.24%
6633	61 Neutral	HK$2.36B	42.45	2.87%	―	-31.60%	―
TCTZF		$588.45B	21.60	21.25%	0.88%	―	―
735		€38.58B	95.14	33.41%	0.37%	―	―
2400	63 Neutral	HK$23.10B	25.33	38.63%	―	44.92%	―
1802	39 Underperform	HK$52.39M	―		―	―	―

Qingci Games, Inc. Corporate Events

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.

Qingci Games Inc. Announces Annual General Meeting with Key Resolutions

Qingci Games Inc. has announced its upcoming annual general meeting scheduled for June 6, 2025, where key agenda items include the adoption of the company’s audited financial statements for 2024, re-election of directors, and re-appointment of auditors. Additionally, the meeting will consider a resolution to authorize the directors to allot and issue additional shares, which could impact the company’s capital structure and shareholder value.

Qingci Games Reports 2024 Financial Results Amid Industry Challenges

Qingci Games Inc. reported a significant decline in revenue and gross profit for the year ended December 31, 2024, compared to the previous year, despite achieving a turnaround in net profit. The company is navigating a challenging gaming industry landscape marked by fierce competition and rising user acquisition costs, while also embracing emerging technologies and enhancing its product quality to strengthen its market position and expand globally.