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Ahsay Backup Software Development Company Limited (HK:8290)
:8290
Hong Kong Market
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Ahsay Backup Software Development Company Limited (8290) AI Stock Analysis

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HK:8290

Ahsay Backup Software Development Company Limited

(8290)

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Neutral 61 (OpenAI - 5.2)
Rating:61Neutral
Price Target:
HK$0.06
▲(195.00% Upside)
Action:Reiterated
Date:05/20/26
The score is driven by strong technical momentum and a low-debt balance sheet, partially offset by weak underlying operations (declining revenue, negative operating margin, and volatile cash generation) and a relatively high P/E with no dividend yield data to support valuation.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity (~0.09) and a conservatively levered balance sheet provide durable financial flexibility. This reduces solvency risk, lowers interest burden, and creates capacity to fund operations or absorb shocks over the next 2–6 months without forcing dilutive or distress financing.
Negative Factors
Multi-year revenue decline
A sustained top-line decline over several years signals structural demand loss, competitive displacement, or weakening market share. Persistent revenue contraction erodes scale, inhibits margin recovery, and reduces the base for future investment, making medium-term profitability restoration more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity (~0.09) and a conservatively levered balance sheet provide durable financial flexibility. This reduces solvency risk, lowers interest burden, and creates capacity to fund operations or absorb shocks over the next 2–6 months without forcing dilutive or distress financing.
Read all positive factors

Ahsay Backup Software Development Company Limited (8290) vs. iShares MSCI Hong Kong ETF (EWH)

Ahsay Backup Software Development Company Limited Business Overview & Revenue Model

Company Description
Ahsay Backup Software Development Company Limited, an investment holding company, provides online backup software solutions in the United States and internationally. The company operates through Online Backup Software and Related Services, and Inf...
How the Company Makes Money
The company primarily makes money by licensing its backup software to customers (e.g., businesses and service providers) and charging for the right to use its products. It may also generate revenue from recurring software maintenance and support c...

Ahsay Backup Software Development Company Limited Financial Statement Overview

Summary
Financials are mixed. The balance sheet is a clear strength with low leverage (debt-to-equity ~0.09), but operating performance is weak: multi-year revenue decline, negative EBIT margin (~-6.8%), and weakened gross margin in 2025. Cash flow improved in 2025 (positive operating and free cash flow) but remains inconsistent over time.
Income Statement
43
Neutral
Balance Sheet
74
Positive
Cash Flow
48
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue36.43M39.95M41.66M44.88M47.87M
Gross Profit11.96M16.64M11.74M44.66M47.37M
EBITDA557.00K1.52M6.25M2.25M-11.15M
Net Income172.00K-2.19M2.64M-1.96M-15.67M
Balance Sheet
Total Assets72.19M76.14M78.94M81.51M86.21M
Cash, Cash Equivalents and Short-Term Investments55.43M54.88M62.34M59.73M62.54M
Total Debt4.73M6.90M2.40M6.74M8.92M
Total Liabilities17.04M21.21M21.02M27.64M29.94M
Stockholders Equity55.15M54.94M57.92M55.22M57.33M
Cash Flow
Free Cash Flow1.19M-6.28M3.04M-840.00K-8.73M
Operating Cash Flow1.32M-6.04M3.21M-468.00K-7.25M
Investing Cash Flow1.68M1.65M12.26M-10.47M235.00K
Financing Cash Flow-2.51M-2.52M-2.58M-2.48M-3.23M

Ahsay Backup Software Development Company Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.02
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Negative
RSI
73.34
Negative
STOCH
75.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8290, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 73.34 is Negative, neither overbought nor oversold. The STOCH value of 75.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8290.

Ahsay Backup Software Development Company Limited 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
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
HK$102.00M32.58-0.57%-8.82%
55
Neutral
HK$100.89M19.70-2.72%0.57%-25.90%-284.85%
55
Neutral
HK$50.94M1.14418.60%4.22%
54
Neutral
HK$41.35M-1.66-7.29%-13.22%-33.33%
49
Neutral
HK$19.16M-0.83-21.34%-7.19%-4.08%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8290
Ahsay Backup Software Development Company Limited
0.06
0.04
216.67%
HK:8018
Finsoft Financial Investment Holdings Ltd.
0.04
0.01
40.74%
HK:8036
eBroker Group Limited
0.04
<0.01
21.21%
HK:8100
GET Holdings Limited
0.23
<0.01
3.18%
HK:8131
abc Multiactive Limited
0.08
<0.01
2.50%
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.Date of analysis: May 20, 2026