Yeahka Limited (9923) AI Stock Analysis

• Market Cap: HK$3.73B
• Dividend Yield: N/A
• Average Volume (3M): 1.87M
• Price to Earnings (P/E): 33.8
• Beta (1Y): 1.46
• Revenue Growth: -9.32%
• EPS Growth: 477.27%
• Country: HK
• Employees: 871
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.22
• Shares Outstanding: 462,162,450
• 10 Day Avg. Volume: 1,201,533
• 30 Day Avg. Volume: 1,866,956
• PEG Ratio: 0.08
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 1.40
• P/FCF Ratio: 37.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: HK$8.00 ▼(-0.99% Downside)

Yeahka Limited's overall stock score is driven by strong earnings call performance and strategic advancements in AI and international growth. However, financial performance challenges, bearish technical indicators, and high valuation limit the score.

Positive Factors

AI-Driven Growth

The integration of AI technologies is enhancing operational efficiency and reducing costs, positioning Yeahka for sustainable growth and competitive advantage in the fintech sector.

International Business Milestone

Yeahka's successful international expansion demonstrates its ability to capture new markets, diversify revenue streams, and reduce reliance on domestic operations.

Enhanced Profitability

Improved profitability metrics indicate effective cost management and operational efficiency, supporting long-term financial health and shareholder value.

Negative Factors

Revenue Decline

A declining revenue trend raises concerns about Yeahka's ability to sustain growth and maintain market competitiveness, potentially affecting future profitability.

Cash Flow Challenges

Persistent cash flow challenges can strain liquidity, limiting Yeahka's ability to invest in growth opportunities and manage financial obligations effectively.

Domestic Payment Industry Challenges

Challenges in the domestic payment industry could hinder Yeahka's revenue growth and market position, necessitating strategic adjustments to maintain competitiveness.

Yeahka Limited Business Overview & Revenue Model

Company Description

Yeahka Limited (9923) is a technology-driven financial services provider headquartered in China, specializing in payment solutions and business services for merchants. The company operates primarily in the fintech sector, offering a suite of products that includes mobile payment solutions, point-of-sale systems, and value-added services designed to enhance merchant efficiency and customer engagement. Yeahka is committed to empowering small and medium-sized enterprises (SMEs) with innovative financial tools that facilitate seamless transactions and improve operational performance.

How the Company Makes Money

Yeahka Limited generates revenue through multiple streams primarily focused on payment processing fees, service subscriptions, and value-added services. The company earns transaction fees from merchants each time a payment is processed through its platform, which constitutes a significant portion of its income. Additionally, Yeahka offers subscription-based services that provide merchants with access to advanced analytics, marketing tools, and customer engagement solutions, generating recurring revenue. The company also benefits from partnerships with banks and financial institutions, allowing it to expand its service offerings and enhance its market reach. These collaborations may include co-branded products and joint marketing initiatives, further contributing to its revenue growth.

Yeahka Limited Financial Statement Overview

Summary

Yeahka Limited shows strong cost management and improving profitability, but faces challenges with revenue growth and cash flow generation. The balance sheet is robust, but liquidity and revenue growth are crucial for financial health.

Income Statement

Yeahka Limited has shown a mixed performance in its income statement. The gross profit margin remains healthy, indicating cost control, but revenue has declined year-over-year, impacting overall growth. The net profit margin has improved significantly, driven by an increase in net income, suggesting improved efficiency. However, the declining revenue trend raises concerns about future growth prospects.

Balance Sheet

The balance sheet reveals a strong equity base, with a favorable equity ratio, indicating financial stability. The debt-to-equity ratio is manageable, suggesting prudent use of leverage. However, the declining total assets and stockholders' equity over time could indicate potential risks if this trend continues.

Cash Flow

The cash flow statement shows challenges, with negative operating and free cash flows in recent years. This indicates potential issues with generating cash from operations, which could strain liquidity if not addressed. The absence of positive cash flow growth is a concern for sustaining operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.15B	3.09B	3.95B	3.42B	3.06B	2.29B
Gross Profit	811.58M	728.76M	738.16M	1.03B	814.62M	743.68M
EBITDA	148.65M	17.53M	181.30M	105.00M	69.29M	442.13M
Net Income	93.90M	82.45M	11.63M	153.92M	420.93M	438.91M
Balance Sheet
Total Assets	7.76B	7.71B	8.42B	7.29B	6.76B	5.62B
Cash, Cash Equivalents and Short-Term Investments	686.51M	600.24M	901.50M	1.61B	2.09B	2.56B
Total Debt	986.30M	967.92M	1.24B	1.09B	551.25M	266.57M
Total Liabilities	4.94B	5.12B	5.80B	4.61B	3.56B	2.46B
Stockholders Equity	2.90B	2.67B	2.71B	2.77B	3.26B	3.12B
Cash Flow
Free Cash Flow	99.20M	115.57M	-346.08M	186.03M	-193.05M	-20.05M
Operating Cash Flow	112.74M	118.91M	-317.20M	193.88M	-164.12M	-5.09M
Investing Cash Flow	-88.88M	6.21M	-321.46M	-480.67M	-166.05M	-82.47M
Financing Cash Flow	-21.23M	-419.79M	-72.47M	-254.42M	-129.67M	2.30B

Yeahka Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9923, the sentiment is Neutral. The current price of 8.08 is above the 20-day moving average (MA) of 7.89, below the 50-day MA of 8.33, and below the 200-day MA of 10.13, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 66.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9923.

Yeahka Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8062	74 Outperform	HK$114.24M	-91.54	-0.93%	8.40%	-29.38%	-104.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3315	61 Neutral	€670.03M	14.24	2.23%	6.63%	-16.76%	-50.21%
9923	58 Neutral	HK$3.73B	33.78	3.35%	―	-9.32%	477.27%
2598	58 Neutral	HK$7.27B	3.83	94.40%	―	―	―
0818	54 Neutral	HK$1.33B	9.24	1.98%	―	-17.23%	-6.20%
8613	41 Neutral	HK$100.24M	-2.67	―	―	-43.10%	-5.98%

Yeahka Limited Corporate Events

Yeahka Limited Reports Robust Growth and Expands Market Reach in Q3 2025

Yeahka Limited reported strong growth in the third quarter of 2025, with a significant increase in overseas payment transaction volume by 50% quarter-on-quarter. The company’s domestic payment transaction volume also grew, supported by partnerships and a resilient ecosystem. Yeahka’s value-added services, including AI-generated digital human videos, contributed to sustainable profitability. The company expanded its client base across vertical industries and became a Douyin service provider in Hong Kong and Macau, serving international brands. These developments indicate Yeahka’s strengthened market position and long-term growth potential.