Qingci Games, Inc. (HK:6633)
:6633
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Qingci Games, Inc.
(6633)
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Rating:54Neutral
Price Target:
HK$3.00
▲(10.70% Upside)
Action:ReiteratedDate:04/25/26
The score is held back mainly by weakening operating trends and cash-flow quality (revenue contraction, pressured operating profitability, and volatile/weak cash conversion), and reinforced by bearish technicals (price below key moving averages with negative MACD). These are partially offset by a strong, low-debt balance sheet and a moderate P/E valuation.
Positive Factors
Balance Sheet Strength
Extremely low leverage meaningfully reduces refinancing and solvency risk, giving management durable financial flexibility to fund content and product development, withstand revenue cyclicality, and avoid forced capital raises during downturns.
Negative Factors
Revenue Decline
Meaningful top-line contraction across consecutive years weakens scale economics, reduces resources for content investment and marketing, and may signal erosion of market share or product relevance—risks that can persist and impair long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage meaningfully reduces refinancing and solvency risk, giving management durable financial flexibility to fund content and product development, withstand revenue cyclicality, and avoid forced capital raises during downturns.
Read all positive factors
Qingci Games, Inc. (6633) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.88B
Dividend YieldN/A
Average Volume (3M)77.87K
Price to Earnings (P/E)16.2
Beta (1Y)0.13
Revenue Growth-27.41%
EPS Growth138.08%
CountryHK
Employees564
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.08
Shares Outstanding691,330,500
10 Day Avg. Volume229,500
30 Day Avg. Volume77,866
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.01
Price to Sales (P/S)4.33
P/FCF Ratio78.24
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)0.19
Revenue Forecast (FY)HK$501.85M
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...
How the Company Makes Money
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Qingci Games, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
82
Very Positive
Cash Flow
47
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 444.27M | 627.96M | 905.74M | 630.37M | 1.11B |
| Gross Profit | 254.52M | 363.12M | 557.88M | 422.09M | 812.60M |
| EBITDA | 6.61M | -11.11M | -8.72M | 94.57M | 386.48M |
| Net Income | 118.60M | 51.12M | -37.37M | 50.28M | -368.64M |
Balance Sheet | |||||
| Total Assets | 2.05B | 1.98B | 2.00B | 1.92B | 1.87B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 1.60B | 1.53B | 1.49B | 1.52B |
| Total Debt | 19.76M | 40.53M | 44.37M | 26.80M | 32.56M |
| Total Liabilities | 151.43M | 174.23M | 255.97M | 157.50M | 222.57M |
| Stockholders Equity | 1.91B | 1.82B | 1.75B | 1.76B | 1.65B |
Cash Flow | |||||
| Free Cash Flow | 24.60M | 5.13M | -6.80M | -34.60M | 194.02M |
| Operating Cash Flow | 27.69M | 9.38M | -3.22M | -20.19M | 199.94M |
| Investing Cash Flow | -6.95M | -84.32M | -487.07M | -156.76M | -425.10M |
| Financing Cash Flow | -20.04M | -11.61M | 9.92M | -46.18M | 957.43M |
Qingci Games, Inc. Technical Analysis
Negative
2.71
Price Trends
2.78
Negative
2.95
Negative
3.10
Negative
Market Momentum
>-0.01
Positive
39.77
Neutral
8.51
Positive
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 2.85, below the 50-day MA of 2.78, and below the 200-day MA of 3.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 8.51 is Positive, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$2.63B | 6.70 | 13.33% | 13.83% | -6.66% | -19.18% | |
61 Neutral | HK$992.29M | 9.45 | 7.59% | ― | 7.36% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | HK$1.73B | 17.64 | 3.09% | 7.30% | -2.73% | ― | |
54 Neutral | HK$1.88B | 16.23 | 6.38% | ― | -27.41% | 138.08% | |
51 Neutral | HK$1.95B | 31.42 | 2.16% | ― | 69.97% | ― | |
43 Neutral | HK$823.74M | -0.72 | -50.58% | ― | -28.02% | 34.04% |
* Communication Services Sector Average
HK:6633
Qingci Games, Inc.
2.72
-0.21
-7.17%
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32.46%
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-19.12%
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Qingci Games, Inc. Corporate Events
Qingci Games Sets 2026 AGM to Approve Accounts, Board Changes and Share Issuance Mandate
Apr 20, 2026
Qingci Games Inc. has convened its annual general meeting for June 9, 2026, in Xiamen, where shareholders will vote on adopting the audited financial statements for the year ended December 31, 2025. They will also consider re-electing two executiv...
Qingci Games Plans Governance Overhaul to Enable Hybrid Meetings and Go Paperless
Mar 26, 2026
Qingci Games Inc., a Hong Kong-listed gaming company incorporated in the Cayman Islands, has announced plans to update its corporate governing documents to better align with evolving market and regulatory practices. The move reflects the company&#...
Qingci Games Boosts Profit Despite Revenue and User Declines in 2025
Mar 26, 2026
Qingci Games reported 2025 revenue of RMB456.1 million, down 27% year on year, while gross profit fell 28% to RMB261.3 million, but net profit surged 162% to RMB123.3 million, with profit attributable to equity holders up 138%. Operating metrics s...
Qingci Games Sets March Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 16, 2026
Qingci Games Inc. has scheduled a board meeting for March 26, 2026, to review and approve the annual results of the company and its subsidiaries for the financial year ended December 31, 2025, and to authorize their publication. The board will als...
Qingci Games Forecasts Surge in 2025 Profit and Deepens Global Push With Disney Deal
Mar 4, 2026
Qingci Games has issued a positive profit alert for 2025, projecting net profit of RMB110 million to RMB140 million, up 134% to 197% from 2024, driven by tighter cost control, lower marketing expenses and higher fair value gains on short-term inve...
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.