Yeahka Limited (9923) AI Stock Analysis

• Market Cap: HK$4.46B
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): 37.8
• Beta (1Y): 1.44
• 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: 1,217,833
• 30 Day Avg. Volume: 1,922,570
• 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: HK$15.33
• Price Target Upside: 67.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: HK$11.00 ▲(20.48% Upside)

Yeahka Limited faces significant challenges with declining revenue and negative cash flows, impacting its financial performance score. The technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation. These factors collectively result in a moderate overall stock score.

Positive Factors

Business Model Strength

Yeahka's robust business model, centered around diverse payment services and technology-enabled solutions, provides a strong foundation for long-term growth and resilience in the digital payment sector.

Competitive Advantages

Strategic partnerships enhance Yeahka's competitive position, enabling it to offer comprehensive services and maintain a strong market presence, which is vital for sustaining growth in a competitive industry.

Margin Sustainability

Strong cost management and improved profitability margins suggest effective operational efficiency, which is crucial for long-term financial health and competitive positioning.

Negative Factors

Declining Revenue

The declining revenue trend poses a significant risk to Yeahka's growth prospects, potentially affecting its ability to invest in new opportunities and maintain market share.

Negative Cash Flows

Persistent negative cash flows indicate challenges in generating sufficient cash from operations, which could impact liquidity and necessitate external financing, affecting financial stability.

Asset Decline

The decline in total assets and equity suggests potential risks to Yeahka's financial stability, which could limit its ability to leverage opportunities and respond to market changes effectively.

Yeahka Limited Business Overview & Revenue Model

Company Description

Yeahka Limited operates payment-based technology platform that provides payment and business services to merchants and consumers in China. It offers one-stop payment services, which include app-based and traditional payment services. The company also provides technology-enabled business services, including various merchant SaaS products, precision marketing, and fintech services. In addition, it offers in-store e-commerce services, including provision of display in-store, hotel and travel services or various goods of merchants through its platform. The company was incorporated in 2011 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Yeahka Limited generates revenue through multiple streams centered around its payment services platform. The primary revenue source is transaction fees collected from merchants for processing payments via its platform, which supports various payment methods including QR codes and mobile payments. Additionally, Yeahka earns from its technology-enabled business services by providing SaaS solutions and data analytics tools that help merchants optimize their operations and customer engagement. The company also derives income from its in-store e-commerce solutions, where it facilitates consumer and merchant interactions, driving sales and providing marketing services. Significant partnerships with financial institutions and technology providers enhance its ecosystem, contributing to its revenue growth.

Yeahka Limited Financial Statement Overview

Summary

Yeahka Limited shows strong cost management and improving profitability with a healthy gross profit margin and improved net profit margin. However, declining revenue and negative cash flows pose significant challenges to future growth and liquidity.

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: Negative
• Last Price: 9.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9923, the sentiment is Negative. The current price of 9.13 is below the 20-day moving average (MA) of 9.96, below the 50-day MA of 11.21, and below the 200-day MA of 10.29, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 30.99 is Neutral, neither overbought nor oversold. The STOCH value of 10.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$141.60M	25.21	4.10%	6.78%	-26.14%	-82.03%
0818	65 Neutral	HK$1.80B	12.65	1.98%	―	-17.23%	-6.20%
3315	64 Neutral	€773.73M	16.64	2.23%	5.67%	-16.76%	-50.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2598	57 Neutral	HK$9.55B	4.69	94.40%	―	―	―
9923	54 Neutral	HK$4.46B	37.84	3.35%	―	-9.32%	477.27%
8613	41 Neutral	HK$131.08M	―	-380.55%	―	13.08%	8.63%

Yeahka Limited Corporate Events

Yeahka Limited Expands Global Payment Operations with Key Approvals in Japan

Yeahka Limited has announced that its subsidiary, Yeahpay Japan Limited, has completed its registration as a credit card number contract execution business operator in Japan under the Installment Sales Act. This development marks a significant expansion of Yeahka’s global payment presence, enhancing its ability to provide efficient payment solutions to overseas merchants and consumers. Additionally, the company has obtained the Payment Card Industry Data Security Standard certification, enabling it to conduct online and offline QR code payment acceptance services in Japan. This will accelerate its business momentum and strategic expansion in the Japanese market, while also strengthening its localized commercialization capabilities through synergies with its investee company, Fushi Technology.

The most recent analyst rating on (HK:9923) stock is a Buy with a HK$12.90 price target. To see the full list of analyst forecasts on Yeahka Limited stock, see the HK:9923 Stock Forecast page.

Yeahka Limited Successfully Passes All Resolutions at 2025 AGM

Yeahka Limited, a company incorporated in the Cayman Islands, held its Annual General Meeting (AGM) on June 5, 2025, where all proposed resolutions were passed by poll. Key resolutions included the adoption of the company’s financial statements for 2024, re-election of directors, reappointment of auditors, and granting of mandates to the board for share issuance and repurchase. This successful AGM outcome reinforces the company’s governance and operational strategies, potentially strengthening its position in the market.

The most recent analyst rating on (HK:9923) stock is a Buy with a HK$12.90 price target. To see the full list of analyst forecasts on Yeahka Limited stock, see the HK:9923 Stock Forecast page.