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FriendTimes Inc. (HK:6820)
:6820
Hong Kong Market

FriendTimes Inc. (6820) AI Stock Analysis

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HK

FriendTimes Inc.

(6820)

Rating:53Neutral
Price Target:
HK$1.00
▲(13.64%Upside)
Financial performance presents the most significant challenge with declining revenues and profitability issues. Technical analysis shows bullish momentum, but caution is warranted due to overbought indicators. The negative P/E ratio further highlights valuation concerns.

FriendTimes Inc. (6820) vs. iShares MSCI Hong Kong ETF (EWH)

FriendTimes Inc. Business Overview & Revenue Model

Company DescriptionFriendTimes Inc., through its subsidiaries, develops, publishes, and operates mobile games in the People's Republic of China and internationally. The company offers mobile games and female-oriented mobile games, including Fate of the Empress, Fate:The Loved Journey, Promise of Lingyun, Royal Chaos, Rise of Queendom, Legend of Empress, Yokai Kitchen, and Fate: Royal Revenge. It also invests in, produces, and distributes film and TV copyrights. The company was founded in 2010 and is headquartered in Suzhou, the People's Republic of China.
How the Company Makes MoneyFriendTimes Inc. generates revenue through a variety of streams, primarily centered around its mobile gaming applications. The company monetizes its games through in-app purchases, allowing players to buy virtual goods, enhancements, and additional content to enhance their gaming experience. Additionally, FriendTimes Inc. may incorporate advertising within its games, partnering with ad networks to display ads to users, which provides another source of income. Furthermore, the company may engage in strategic partnerships and collaborations that expand its reach and drive further monetization opportunities. These combined revenue streams enable FriendTimes Inc. to maintain a strong financial position in the competitive mobile gaming market.

FriendTimes Inc. Financial Statement Overview

Summary
FriendTimes Inc. faces significant challenges with declining revenues, negative profitability, and cash flow issues. Despite a strong equity position and low leverage, operational inefficiencies need to be addressed to improve financial performance.
Income Statement
35
Negative
FriendTimes Inc. has experienced a consistent decline in revenue from 2020 to 2024. The gross profit margin remains positive, but the net profit margin has been negative for the past three years, indicating ongoing losses. EBIT and EBITDA margins are also negative, reflecting operational challenges. The revenue growth rate has been negative, signaling contraction in business activity.
Balance Sheet
70
Positive
The company maintains a strong equity base with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, suggesting limited leverage and a conservative capital structure. However, the return on equity has been negative, reflecting a lack of profitability in recent periods.
Cash Flow
40
Negative
FriendTimes Inc. has shown a decline in operating cash flow, with negative free cash flow in recent years. The operating cash flow to net income ratio is negative due to losses, and free cash flow growth has been negative, highlighting cash flow challenges.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
1.16B1.06B1.52B1.62B2.18B
Gross Profit
813.52M702.40M1.04B1.09B1.47B
EBIT
-29.15M-68.75M5.65M240.75M543.02M
EBITDA
-5.01M-43.17M34.77M256.61M543.00M
Net Income Common Stockholders
-48.86M-138.12M25.11M275.48M503.52M
Balance SheetCash, Cash Equivalents and Short-Term Investments
786.36M949.27M946.14M1.05B1.21B
Total Assets
1.40B1.47B1.61B1.81B1.79B
Total Debt
149.42M147.88M1.37M1.12M1.17M
Net Debt
-185.41M-248.33M-402.57M-751.15M-1.09B
Total Liabilities
252.40M262.05M116.23M160.32M225.76M
Stockholders Equity
1.15B1.20B1.50B1.65B1.57B
Cash FlowFree Cash Flow
-53.13M-49.92M117.20M199.48M484.32M
Operating Cash Flow
-52.83M-46.29M155.21M262.66M575.01M
Investing Cash Flow
5.86M60.11M-278.04M-385.54M-128.00M
Financing Cash Flow
-15.31M-21.70M-225.36M-217.04M-221.65M

FriendTimes Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.88
Price Trends
50DMA
0.61
Positive
100DMA
0.59
Positive
200DMA
0.59
Positive
Market Momentum
MACD
0.10
Negative
RSI
89.35
Negative
STOCH
78.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6820, the sentiment is Positive. The current price of 0.88 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.61, and above the 200-day MA of 0.59, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 89.35 is Negative, neither overbought nor oversold. The STOCH value of 78.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6820.

FriendTimes Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$14.60B5.88-4.32%3.68%2.75%-30.55%
53
Neutral
HK$1.92B-4.15%7.55%64.78%
$34.39B15.2928.11%2.56%
$175.50B40.5914.98%
82
Outperform
HK$621.84B18.3423.90%2.17%0.85%6.37%
63
Neutral
HK$19.50B22.3138.63%44.92%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6820
FriendTimes Inc.
1.18
0.38
47.50%
ANPDF
ANTA Sports Products
11.80
0.94
8.66%
XIACF
Xiaomi
6.90
4.65
206.67%
HK:9999
Netease Inc
205.00
62.46
43.82%
HK:2400
XD, Inc.
41.40
23.22
127.72%

FriendTimes Inc. Corporate Events

FriendTimes Inc. Engages in Significant Structured Deposits
Jun 5, 2025

FriendTimes Inc. announced that its subsidiary, FriendTimes Technology, has entered into four Structured Deposit Agreements with Shanghai Pudong Development Bank, Suzhou Wuzhong Sub-branch, subscribing to principal-protected deposits totaling RMB110,000,000. This transaction is considered discloseable under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from shareholder approval, indicating a strategic financial maneuver to potentially enhance the company’s financial stability and market positioning.

FriendTimes Inc. Successfully Passes All Resolutions at 2025 AGM
May 22, 2025

FriendTimes Inc. announced that all proposed resolutions at its Annual General Meeting on May 22, 2025, were passed by poll voting. Key resolutions included the re-election of directors, authorization for the board to fix directors’ remuneration, re-appointment of auditors, and granting mandates for share allotment and repurchase. These decisions are expected to strengthen the company’s governance and operational flexibility, potentially enhancing its market position and shareholder value.

FriendTimes Inc. Engages in RMB70 Million Structured Deposit Agreements
Apr 28, 2025

FriendTimes Inc., through its wholly-owned subsidiary FriendTimes Technology, has entered into three structured deposit agreements with Shanghai Pudong Development Bank, Suzhou Wuzhong Sub-branch, amounting to a total of RMB70,000,000. This transaction, classified as a discloseable transaction under Chapter 14 of the Listing Rules, does not require shareholder approval but is subject to reporting and announcement requirements. The structured deposits are principal-protected with floating returns and are linked to the EUR/USD exchange rate, potentially impacting the company’s financial strategy and market positioning.

FriendTimes Inc. Announces 2025 Annual General Meeting
Apr 28, 2025

FriendTimes Inc. has announced its upcoming Annual General Meeting scheduled for May 22, 2025, in Suzhou, China. Key agenda items include the review of the company’s financial statements for 2024, the re-election of board members, re-appointment of KPMG as auditors, and a resolution to authorize the directors to issue additional shares. This meeting is significant for stakeholders as it addresses governance and strategic decisions that could impact the company’s future operations and market positioning.

FriendTimes Inc. Reports 2024 Financial Results and Strategic AI Integration
Mar 24, 2025

FriendTimes Inc. announced its annual results for the year ended December 31, 2024, highlighting a 10.1% increase in revenue and a significant reduction in losses compared to the previous year. The company did not propose a dividend for 2024. FriendTimes is enhancing its product offerings with new games across various genres, including female-oriented, male-oriented, and casual games, while also integrating AI to improve gaming experiences. The strategic focus on AI aims to enhance operational efficiency and user engagement, positioning FriendTimes as an innovative leader in the gaming industry.

FriendTimes Inc. Schedules Board Meeting to Discuss Year-End Results
Mar 12, 2025

FriendTimes Inc. has announced a board meeting scheduled for March 24, 2025, to discuss and approve the company’s final results for the year ending December 31, 2024. The meeting will also consider the payment of a final dividend and the potential closure of the register of members, indicating key financial decisions that could impact stakeholders.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.