Beijing Fourth Paradigm Technology Co. Ltd. Class H (HK:6682)
:6682
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Beijing Fourth Paradigm Technology Co. Ltd. Class H
(6682)
Select Model
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Rating:49Neutral
Price Target:
HK$47.00
▼(-9.88% Downside)
Action:ReiteratedDate:01/13/26
The score is held back primarily by weak financial performance (ongoing losses and negative operating cash flow) and limited valuation support due to unprofitability and no dividend data. Technicals are a positive with a clear uptrend, but overbought signals temper that strength.
Positive Factors
Revenue Growth
Consistent multi-year revenue growth indicates durable enterprise demand for its AI platform and supports scaling of subscription and project revenues. This top-line momentum underpins long-term customer adoption, cross-sell opportunities, and sustained product investment despite near-term losses.
Negative Factors
Unprofitability
Persistent negative EBIT and net income signal structural profitability challenges. Continued operating losses require external funding, risk shareholder dilution, and constrain strategic choices. Achieving sustained operating profitability is essential for long-term financial independence.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent multi-year revenue growth indicates durable enterprise demand for its AI platform and supports scaling of subscription and project revenues. This top-line momentum underpins long-term customer adoption, cross-sell opportunities, and sustained product investment despite near-term losses.
Read all positive factors
Beijing Fourth Paradigm Technology Co. Ltd. Class H (6682) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$19.44B
Dividend YieldN/A
Average Volume (3M)5.07M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees967
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.10
Shares Outstanding320,809,500
10 Day Avg. Volume5,201,595
30 Day Avg. Volume5,069,390
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)4.38
Price to Sales (P/S)4.22
P/FCF Ratio-34.10
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)0.63
Revenue Forecast (FY)HK$9.55B
Beijing Fourth Paradigm Technology Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Phancy Group Co., Ltd. engages in the provision of platform-centric artificial intelligence (AI) solutions and leverage core technologies to develop end-to-end enterprise-class AI products. It serves the finance, retail, manufacturing, energy and ...
How the Company Makes Money
Beijing Fourth Paradigm Technology Co. Ltd. generates revenue primarily through the sale of its AI software products and analytics services. Key revenue streams include licensing fees for its proprietary machine learning platforms, subscription-ba...
Beijing Fourth Paradigm Technology Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | 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
Neutral
52.15
Price Trends
41.91
Negative
44.54
Negative
50.30
Negative
Market Momentum
-1.34
Negative
48.28
Neutral
69.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6682, the sentiment is Neutral. The current price of 52.15 is above the 20-day moving average (MA) of 36.60, above the 50-day MA of 41.91, and above the 200-day MA of 50.30, indicating a neutral trend. The MACD of -1.34 indicates Negative momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 69.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6682.
Beijing Fourth Paradigm Technology Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$6.30B | 70.80 | 7.02% | ― | 16.43% | 17.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$6.40B | 3.91 | 74.52% | ― | ― | ― | |
58 Neutral | HK$3.17B | 31.81 | 3.10% | ― | -9.32% | 477.27% | |
49 Neutral | HK$19.44B | -167.45 | -3.25% | ― | ― | ― | |
49 Neutral | HK$3.03B | -10.95 | -30.23% | ― | -3.78% | 20.83% | |
41 Neutral | HK$4.25B | -2.24 | -12.79% | ― | 11.43% | -94.89% |
* Technology Sector Average
HK:6682
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Beijing Fourth Paradigm Technology Co. Ltd. Class H Corporate Events
Phancy Group Shareholders Back Governance Revamp and Name Change
Feb 4, 2026
Shareholders at the February 4 extraordinary general meeting overwhelmingly approved new working procedures for independent non-executive directors, a change to the company’s Chinese name, and revisions to the board rules and articles of ass...
Phancy Group Announces Resignation of Joint Company Secretary
Jan 26, 2026
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 ...
Phancy Group Calls February EGM to Overhaul Governance Framework and Chinese Name
Jan 15, 2026
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-executiv...
Phancy Group Rebrands From Fourth Paradigm, Changes Hong Kong Stock Short Name
Jan 14, 2026
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 a...
Phancy Group Proposes Chinese Name Change and Strengthens Independent Director Governance
Jan 12, 2026
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 com...
Fourth Paradigm Wins Strong Shareholder Backing for Name Change, Board Refresh and Articles Amendments
Dec 19, 2025
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...
Fourth Paradigm Discloses Board Line-up and Committee Roles
Dec 19, 2025
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 director...
Beijing Fourth Paradigm Schedules EGM for Key Resolutions
Dec 3, 2025
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, i...
Beijing Fourth Paradigm Technology Updates Registered Address
Dec 3, 2025
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 ...
Beijing Fourth Paradigm Technology Announces Name Change and New Director Appointment
Dec 1, 2025
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 e...
Beijing Fourth Paradigm Grants Over 9 Million Share Options
Nov 25, 2025
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 emplo...
Beijing Fourth Paradigm’s H Share Circulation Plan Accepted by CSRC
Nov 24, 2025
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 i...
Fourth Paradigm Unveils Strategic AI Initiatives to Drive Industry Growth
Nov 12, 2025
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 ...
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.