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Beijing Fourth Paradigm Technology Co. Ltd. Class H
(6682)
Beijing Fourth Paradigm Technology Co. Ltd. Class H (6682) vs. iShares MSCI Hong Kong ETF (EWH)
Beijing Fourth Paradigm Technology Co. Ltd. Class H Business Overview & Revenue Model
Beijing Fourth Paradigm Technology Co. Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.02B | 5.26B | 4.20B | 3.08B | 2.02B | 942.24M |
| Gross Profit | 2.45B | 2.24B | 1.98B | 1.49B | 953.48M | 429.74M |
| EBITDA | -161.29M | -318.20M | -418.66M | -1.06B | -1.24B | -575.23M |
| Net Income | -184.16M | -268.79M | -908.72M | -1.64B | -1.80B | -750.21M |
Balance Sheet | ||||||
| Total Assets | 7.76B | 7.59B | 7.15B | 6.72B | 6.45B | 2.02B |
| Cash, Cash Equivalents and Short-Term Investments | 2.73B | 1.89B | 3.03B | 2.66B | 3.85B | 1.32B |
| Total Debt | 18.56M | 28.36M | 154.63M | 144.59M | 54.12M | 38.77M |
| Total Liabilities | 1.50B | 2.52B | 1.69B | 8.18B | 6.70B | 3.20B |
| Stockholders Equity | 6.28B | 5.06B | 5.35B | -1.57B | -351.02M | -1.18B |
Cash Flow | ||||||
| Free Cash Flow | -457.03M | -650.31M | -1.04B | -795.11M | -791.15M | -504.21M |
| Operating Cash Flow | -439.15M | -622.00M | -998.58M | -779.59M | -770.01M | -452.94M |
| Investing Cash Flow | 138.78M | -474.17M | 723.41M | 822.39M | -3.20B | -139.08M |
| Financing Cash Flow | 622.33M | -30.93M | 930.72M | -9.01M | 4.21B | 942.43M |
Beijing Fourth Paradigm Technology Co. Ltd. Class H Technical Analysis
Beijing Fourth Paradigm Technology Co. Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$8.47B | 15.12 | 7.02% | ― | 16.43% | 17.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | HK$3.69B | 31.91 | 3.35% | ― | -9.32% | 477.27% | |
58 Neutral | HK$7.61B | 3.87 | 94.40% | ― | ― | ― | |
49 Neutral | HK$26.03B | -111.16 | -3.20% | ― | ― | ― | |
49 Neutral | HK$3.25B | -6.07 | -27.20% | ― | -3.78% | 20.83% | |
41 Neutral | HK$4.76B | -4.09 | -12.22% | ― | 11.43% | -94.89% |
Beijing Fourth Paradigm Technology Co. Ltd. Class H Corporate Events
Phancy Group Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, announced a change in its corporate secretarial structure following an internal work adjustment. The board said joint company secretary Peng Jun has resigned from his role effective 26 January 2026, with no disagreements with the board or issues requiring shareholder or exchange attention, and the remaining joint company secretary, Yeung Siu Wai Kitty, will assume the role of sole company secretary while chief financial officer Liu Nan will serve as her company contact, signaling a modest governance reshuffle but no apparent disruption to overall operations or board relations.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Phancy Group Co., Ltd. has called an extraordinary general meeting in Beijing on 4 February 2026 to seek shareholder approval for several corporate governance and structural changes, including formal working procedures for independent non-executive directors and a change to its Chinese corporate name. Shareholders will also vote on special resolutions to amend the rules of procedures for board meetings and the company’s articles of association, signalling a broader refresh of its governance framework as a Hong Kong–listed PRC issuer, with implications for board oversight, regulatory alignment and shareholder participation, including specified arrangements for proxy voting and share registration ahead of the meeting.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Phancy Group Co., Ltd. has officially changed its English name from Beijing Fourth Paradigm Technology Co., Ltd. to Phancy Group Co., Ltd., effective 7 January 2026, with a corresponding change to its Chinese name pending shareholder approval at an upcoming extraordinary general meeting. The company emphasized that the name change will not affect shareholders’ rights, existing share certificates, daily operations or financial position, and that current share certificates bearing the old name will remain valid for trading and settlement, while new certificates will be issued under the new name. In tandem, the stock short name for its H shares on the Hong Kong Stock Exchange will change from “FOURTH PARADIGM” to “PHANCY” in English, and to a new Chinese short name, with effect from 20 January 2026, while the stock code will remain 6682, ensuring continuity for investors despite the branding transition.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Phancy Group Co., Ltd. has proposed changing its official Chinese name, while retaining its English name, and will amend its articles of association accordingly, subject to shareholder approval at an upcoming extraordinary general meeting. The company also plans to adopt new working procedures for its independent non-executive directors and revise the rules of procedure for board meetings after abolishing its supervisory committee, signaling a shift toward strengthened board-centric corporate governance and potentially tighter oversight and clearer responsibilities for independent directors; details of these changes will be outlined in a forthcoming circular with the notice of the EGM.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. announced that shareholders overwhelmingly approved all resolutions at its extraordinary general meeting held on 19 December 2025, including a change of the company’s English name, the appointment of Mr. Pan Jialin as an independent non-executive director, and amendments to the Articles of Association, each passed with more than 99% of votes cast in favour. The voting results, along with the treatment of treasury shares, repurchased shares pending cancellation and restricted share units, underscore strong shareholder support for the company’s governance and structural adjustments, signalling continuity in board oversight and a refreshed corporate identity that may influence its positioning and regulatory framework in the Hong Kong and mainland markets.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology has announced the current composition of its board of directors, led by Chairman, Chief Executive Officer and General Manager Dr. Dai Wenyuan, alongside two other executive directors, three non-executive directors, four independent non-executive directors and one employee representative director. The company also set out the membership and leadership of its three key board committees—Audit, Remuneration and Nomination—clarifying which directors serve as chairpersons and members, thereby providing investors and other stakeholders with greater transparency on its corporate governance framework and oversight responsibilities.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd., a company incorporated in the People’s Republic of China, has announced an Extraordinary General Meeting (EGM) scheduled for December 19, 2025. The meeting will address several key resolutions, including a change in the company’s English name, the appointment of Mr. Pan Jialin as an independent non-executive director, and proposed amendments to the Articles of Association. These decisions could impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. has announced a change in its registered address to a new location in Haidian District, Beijing. This administrative update reflects the company’s ongoing efforts to streamline its operations and maintain compliance with local regulations, potentially impacting its logistical and operational strategies.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. has announced its intention to change its English name to Phancy Group Co., Ltd., subject to shareholder approval at an upcoming extraordinary general meeting. This change reflects the company’s evolving business operations. Additionally, the company proposes the appointment of Mr. Pan Jialin as an independent non-executive director, highlighting his extensive experience in computer science and AI, which could enhance the company’s strategic direction and industry positioning.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. has announced the grant of 9,803,700 share options under its Share Option Scheme to eligible employees and a director, with an exercise price of HK$48.38 per H Share. This move aims to incentivize employees and align their interests with the company’s growth, potentially impacting the company’s operational dynamics and market positioning positively.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. announced that the China Securities Regulatory Commission (CSRC) has accepted its application for the conversion of domestic shares into H shares for listing on the Hong Kong Stock Exchange. This move is part of the company’s H share full circulation plan and is expected to enhance its market presence and liquidity. The conversion and listing are subject to further regulatory procedures, and stakeholders are advised to exercise caution when dealing with the company’s securities.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.
Beijing Fourth Paradigm Technology Co., Ltd. has announced strategic initiatives to address the growing demand for AI computing power and applications. The company has launched ModelHub XC and EngineX to bridge the gap between computing power and AI models, aiming to unlock substantial growth potential in the AI application market. Additionally, the company is positioning its 4ParadigmSage AI Platform as a core operating system for AI applications, leveraging the ‘AI+’ initiative to integrate AI across industries. The launch of the Phancy AI smart module aims to revolutionize the consumer electronics industry by enabling diverse brands to create AI-powered smart devices, potentially unlocking a trillion-RMB market space.
The most recent analyst rating on (HK:6682) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Beijing Fourth Paradigm Technology Co. Ltd. Class H stock, see the HK:6682 Stock Forecast page.