Rego Interactive（2422）株式概要投資持株会社であるレゴ・インタラクティブは、中国本土でマーケティング・プロモーション、ITソリューションなどのサービスを提供している。 詳細2422 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6リスク分析過去5年間で収益は年間72.7%減少しました。 Hong Kong市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る2422 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$1.2461.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-73m1b2016201920222025202620282031Revenue CN¥1.1bEarnings CN¥98.6mAdvancedSet Fair ValueView all narrativesRego Interactive Co., Ltd 競合他社Most Kwai ChungSymbol: SEHK:1716Market cap: HK$2.1bUju HoldingSymbol: SEHK:1948Market cap: HK$2.6bPico Far East HoldingsSymbol: SEHK:752Market cap: HK$2.9bMany Idea Cloud HoldingsSymbol: SEHK:6696Market cap: HK$2.0b価格と性能株価の高値、安値、推移の概要Rego Interactive過去の株価現在の株価HK$1.2452週高値HK$1.7652週安値HK$0.35ベータ0.791ヶ月の変化-20.00%3ヶ月変化10.71%1年変化210.00%3年間の変化93.75%5年間の変化n/aIPOからの変化-8.15%最新ニュースReported Earnings • Apr 04Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.026 loss in FY 2024)Full year 2025 results: CN¥0.05 loss per share (further deteriorated from CN¥0.026 loss in FY 2024). Revenue: CN¥503.6m (up 106% from FY 2024). Net loss: CN¥73.2m (loss widened 93% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 175 percentage points per year, which is a significant difference in performance.お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026.お知らせ • Mar 19Rego Interactive Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Rego Interactive Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Jan 26Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct Listingお知らせ • Jan 02Rego Interactive Co., Ltd Announces Joint Company Secretary ChangesRego Interactive Co. Ltd. announced that Ms. Chan Sau Ling has tendered her resignation as a joint company secretary of the Company and an authorized representative of the Company, effective December 31, 2025. Ms. Chan has confirmed that she has no disagreement with the Board and the Company and there are no other matters in connection with her resignation which need to be brought to the attention of the shareholders of the Company. Ms. Chan will remain as the agent for acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). The Board has also appointed Mr. Yau Tsz Lun as the other Joint Company Secretary, the Authorized Representative and the Process Agent. Mr. Yau is a Manager of Company Secretarial Services of Tricor Services Limited. Mr. Yau has over 7 years of experience in the company secretarial field. He has been providing professional corporate services, corporate governance and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Yau is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.Buy Or Sell Opportunity • Dec 29Now 48% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to HK$0.75. The fair value is estimated to be HK$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.最新情報をもっと見るRecent updatesReported Earnings • Apr 04Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.026 loss in FY 2024)Full year 2025 results: CN¥0.05 loss per share (further deteriorated from CN¥0.026 loss in FY 2024). Revenue: CN¥503.6m (up 106% from FY 2024). Net loss: CN¥73.2m (loss widened 93% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 175 percentage points per year, which is a significant difference in performance.お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026.お知らせ • Mar 19Rego Interactive Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Rego Interactive Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Jan 26Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct Listingお知らせ • Jan 02Rego Interactive Co., Ltd Announces Joint Company Secretary ChangesRego Interactive Co. Ltd. announced that Ms. Chan Sau Ling has tendered her resignation as a joint company secretary of the Company and an authorized representative of the Company, effective December 31, 2025. Ms. Chan has confirmed that she has no disagreement with the Board and the Company and there are no other matters in connection with her resignation which need to be brought to the attention of the shareholders of the Company. Ms. Chan will remain as the agent for acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). The Board has also appointed Mr. Yau Tsz Lun as the other Joint Company Secretary, the Authorized Representative and the Process Agent. Mr. Yau is a Manager of Company Secretarial Services of Tricor Services Limited. Mr. Yau has over 7 years of experience in the company secretarial field. He has been providing professional corporate services, corporate governance and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Yau is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.Buy Or Sell Opportunity • Dec 29Now 48% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to HK$0.75. The fair value is estimated to be HK$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.お知らせ • Dec 24Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct ListingNew Risk • Dec 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 72% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$727.5m market cap, or US$93.5m).Buy Or Sell Opportunity • Nov 21Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 60% to HK$0.64. The fair value is estimated to be HK$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 52% to HK$0.60. The fair value is estimated to be HK$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Oct 17Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 56% to HK$0.64. The fair value is estimated to be HK$0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.New Risk • Oct 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 72% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$720.0m market cap, or US$92.5m).Reported Earnings • Sep 30First half 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.005 profit in 1H 2024)First half 2025 results: CN¥0.027 loss per share (down from CN¥0.005 profit in 1H 2024). Revenue: CN¥135.8m (up 17% from 1H 2024). Net loss: CN¥19.6m (down CN¥23.1m from profit in 1H 2024).Reported Earnings • Sep 01First half 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.004 profit in 1H 2024)First half 2025 results: CN¥0.027 loss per share (down from CN¥0.004 profit in 1H 2024). Revenue: CN¥135.8m (up 17% from 1H 2024). Net loss: CN¥19.6m (down CN¥23.1m from profit in 1H 2024).お知らせ • Aug 19Rego Interactive Co., Ltd to Report First Half, 2025 Results on Aug 29, 2025Rego Interactive Co., Ltd announced that they will report first half, 2025 results on Aug 29, 2025Reported Earnings • Apr 02Full year 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.01 profit in FY 2023)Full year 2024 results: CN¥0.03 loss per share (down from CN¥0.01 profit in FY 2023). Revenue: CN¥244.6m (up 28% from FY 2023). Net loss: CN¥38.0m (down 402% from profit in FY 2023).お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2025Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2025.分析記事 • Mar 17The Returns On Capital At Rego Interactive (HKG:2422) Don't Inspire ConfidenceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...お知らせ • Mar 11Rego Interactive Co., Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025Rego Interactive Co., Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025New Risk • Feb 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$750.0m (US$96.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (HK$750.0m market cap, or US$96.3m).New Risk • Jan 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).分析記事 • Nov 11These 4 Measures Indicate That Rego Interactive (HKG:2422) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.012 in 1H 2023)First half 2024 results: EPS: CN¥0.004 (down from CN¥0.012 in 1H 2023). Revenue: CN¥116.2m (up 69% from 1H 2023). Net income: CN¥3.46m (down 70% from 1H 2023). Profit margin: 3.0% (down from 17% in 1H 2023).New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$600.0m market cap, or US$77.0m).お知らせ • Aug 20Rego Interactive Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024Rego Interactive Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Jul 19Market Participants Recognise Rego Interactive Co., Ltd's (HKG:2422) RevenuesRego Interactive Co., Ltd's ( HKG:2422 ) price-to-sales (or "P/S") ratio of 3.4x may look like a poor investment...New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.6% net profit margin). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$622.5m market cap, or US$79.8m).Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.085 in FY 2022)Full year 2023 results: EPS: CN¥0.01 (down from CN¥0.085 in FY 2022). Revenue: CN¥191.1m (down 26% from FY 2022). Net income: CN¥12.6m (down 82% from FY 2022). Profit margin: 6.6% (down from 27% in FY 2022).お知らせ • Mar 23Rego Interactive Co., Ltd, Annual General Meeting, Jun 28, 2024Rego Interactive Co., Ltd, Annual General Meeting, Jun 28, 2024.お知らせ • Mar 14Rego Interactive Co., Ltd to Report Fiscal Year 2023 Results on Mar 22, 2024Rego Interactive Co., Ltd announced that they will report fiscal year 2023 results on Mar 22, 2024New Risk • Dec 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$652.5m market cap, or US$83.6m).お知らせ • Dec 29Rego Interactive Co., Ltd Announces Director ChangesThe board of directors of Rego Interactive Co. Ltd. announced the resignation and appointment of the following Directors of the Company with effect from 1 January 2024. The company announced that Ms. Hu Huijun has tendered her resignation as an independent non-executive Director of the Company; Mr. Wan Lixiang has tendered his resignation as an independent non- executive Director of the Company; Mr. Zhao Zhongping has tendered his resignation as an independent non- executive Director of the Company; Ms. Zeng Zhen has tendered her resignation as an executive Director of the Company; Ms. Mo Lan has been appointed as an independent non-executive Director of the Company; Mr. Shen Yunjia has been appointed as an independent non-executiveDirector of the Company; Mr. Zeng Liang has been appointed as an independent non- executive Director of the Company; Mr. Chen Wei has been appointed as an executive Director of the Company. Ms. Mo, aged 37, is appointed as an independent non-executive Director of the Company. Ms. Mo has been the chairman and founder of Henghua Energy Technology Group Limited since 2014, and was the managing partner of Qingkong Guochuang Fund from 2018 to 2021. She was also the vice president of Shanxi Hongrun Electric Power Engineering Design Consulting Co. Ltd. from 2010 to 2014, and the administration manager of State Grid Corporation of China Exchange Construction Branch from 2007 to 2010. Ms. Mo holds a master's degree in public policy and a doctorate in Education from Southwest University. She has also obtained an EMBA at PBC School of Finance, Tsinghua University in 2020. Mr. Shen, aged 35, is appointed as an independent non-executive Director of the Company. He currently serves as the financial director of Zhejiang Xinke Semiconductor Co. Ltd. From 2011 to 2021, he served as the senior manager of BDO China Shu Lun Pan CPAs and the deputy director of investment banking at Zheshang Securities from 2021 to 2023. Mr. Shen graduated from Zhejiang University of Finance and Economics majoring in auditing and taxation. Mr. Shen is also an independent non-executive director of Zhejiang Jingyang Mechanical and Electrical Co. Ltd. since August 2023. As far as the Board is aware and save as disclosed above, Mr. Shen does not have any relationship with any Director, senior management, substantial shareholder or controlling shareholder (as defined in the Listing Rules) of the Company. Mr. Zeng Liang, aged 50, is appointed as an independent non-executive Director of the Company. Mr. Zeng Liang is a well-known Internet entrepreneur and angel investor. He has extensive experience in strategic planning, business development and operation management in industries such as digital marketing, mobile Internet and artificial intelligence applications. Mr. Zeng served as senior vice president of Kingdee International Software Group Company Limited from 2003 to 2010. He worked for Microsoft as vice president of Greater China Region from 2010 to 2013 and was responsible for the development of government, education and medical industries in the region. From 2013 to 2017, he held several executive positions including vice president of Baidu Inc. and general manager of Baidu Nuomi. Mr. Zeng obtained Master of Science both in Management and in Engineering from Georgia Institute of Technology in USA. In addition, he holds another Master of Science in Engineering degree from Tsinghua University in Beijing. Mr. Zeng Liang has been an independent non-executive director of Kingwisoft Technology Group Company Limited since 2021. As far as the Board is aware, save as disclosed above, Mr. Zeng Liang does not have any relationship with any Director, senior management, substantial shareholder or controlling shareholder of the Company. Mr. Chen, aged 40, is appointed as an executive Director of the Company. He was the executive director of Beijing Dingjin Xianghui Venture Capital Co. Ltd. from June 2010 to March 2018 and the vice president of Shanghai Juxing Media Co. Ltd. from April 2018 to date. Mr. Chen is also the executive director and general manager of Qingdao Haimaobian Investment Co. Ltd. since November 2020, the executive director and manager of Beijing Dingjin Xianghui Venture Capital Co. Ltd. since June 2021. Mr. Chen obtained a bachelor degree in actuarial science in 2007 and a master degree in mathematical finance in 2009, both from Warwick University.お知らせ • Dec 01Rego Interactive Co., Ltd Announces Executive ChangesRego Interactive Co. Ltd. announced that: Ms. Ho Wing Nga ("Ms. Ho") has tendered her resignation due to personal reasons as (i) the joint company secretary of the Company (the "Joint Company Secretary"), (ii) an authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and (iii) the authorized person for the purpose of accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and under Rule 19.05(2) of the Listing Rules (the "Process Agent"), with effect from 1 December 2023. Ms. Ho has confirmed that she has no disagreement with the Board and there are no matters with regard to her resignation which need to be brought to the attention of The Stock Exchange and/or the shareholders of the Company. Ms. Yang Chao ("Ms. Yang") will remain as the other Joint Company Secretary. Ms. Tse Chung Man ("Ms. Tse") has been appointed as the Joint Company Secretary, an Authorized Representative and the Process Agent with effect from 1 December 2023. Ms. Tse is a manager of corporate services division of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Tse has over 8 years of experience in the corporate secretarial field and is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.お知らせ • Nov 04Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 100 million.Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 100 million. Security Name: Shares Security Type: Common Stock Securities Offered: 500,000,000 Price\Range: HKD 0.2 Transaction Features: Rights Offering分析記事 • Nov 01Rego Interactive (HKG:2422) Might Be Having Difficulty Using Its Capital EffectivelyFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Sep 26Shaky Earnings May Not Tell The Whole Story For Rego Interactive (HKG:2422)Rego Interactive Co., Ltd's ( HKG:2422 ) stock wasn't much affected by its recent lackluster earnings numbers. We did...New Risk • Sep 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (HK$420.0m market cap, or US$53.7m).New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$425.0m market cap, or US$54.2m).Reported Earnings • Sep 01First half 2023 earnings releasedFirst half 2023 results: EPS: CN¥0.01. Net income: CN¥11.5m (up CN¥11.5m from 1H 2022).お知らせ • Aug 22Rego Interactive Co., Ltd to Report First Half, 2023 Results on Aug 31, 2023Rego Interactive Co., Ltd announced that they will report first half, 2023 results on Aug 31, 2023お知らせ • Aug 18Rego Interactive Co., Ltd Provides Earnings Guidance for the Six Months Ended 30 June 2023Rego Interactive Co. Ltd. provided earnings guidance for six months ended 30 June 2023 . For the period, the Group is expected to record a net profit after tax for the six months ended 30 June 2023 of not less than RMB 11.0 million, representing an decrease of 61.3% over approximately RMB 28.4 million as compared with the corresponding period in 2022.分析記事 • Mar 16It's Down 72% But Rego Interactive Co., Ltd (HKG:2422) Could Be Riskier Than It LooksThe Rego Interactive Co., Ltd ( HKG:2422 ) share price has fared very poorly over the last month, falling by a...Reported Earnings • Mar 16Full year 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.067 in FY 2021)Full year 2022 results: EPS: CN¥0.08 (up from CN¥0.067 in FY 2021). Revenue: CN¥256.6m (up 17% from FY 2021). Net income: CN¥68.5m (up 37% from FY 2021). Profit margin: 27% (up from 23% in FY 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to HK$1.44, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 13x in the Media industry in Hong Kong.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$2.13, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 14x in the Media industry in Hong Kong.Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.39, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 13x in the Media industry in Hong Kong.お知らせ • Jan 06Rego Interactive Co., Ltd Announces Director ChangesRego Interactive Co. Ltd. announced the resignation and appointment of the following Directors of the Company with effect from 5 January 2023: Mr. Xiao Yanfeng ("Mr. Xiao") has tendered his resignation as an executive Director of the Company; Mr. Fan Lianshun ("Mr. Fan") has been appointed as an executive Director of the Company; Mr. Xia Yuanbo ("Mr. Xia") has been appointed as an executive Director of the Company; Ms. Zeng Zhen ("Ms. Zeng") has been appointed as an executive Director of the Company. Mr. Xiao, for the purpose of devoting more time on other business commitment, has tendered his resignation as an executive Director with effect from 5 January 2023. Mr. Fan Lianshun, aged 59, is appointed as an executive Director of the Company. Prior to joining the Group, Mr. Fan served in the Chinese People's Liberation Army ("PLA") for 21 years and founded Xi'an Tiantai Huitou Enterprise Management Group Co. Ltd. in 2019 as the legal representative and an executive director after retirement from the military service in 2003. Mr. Fan graduated from the PLA Information Mr. Xia Yuanbo, aged 40, is the vice president of operations of the Group and is appointed as an executive Director of the Company. Mr. Xia joined the Group in April 2018 and he is primarily responsible for supervision and management of general operations of the Group. Mr. Xia has also served as other roles in various members of the Group. From April 2018 to October 2018, he was appointed as the general manager of Hangzhou Runsheng and was redesignated as the director of interactive entertainment business from November 2018 to March 2019. Ms. Zeng Zhen, aged 34, is appointed as an executive Director of the Company. Prior to joining the Group, Ms. Zeng was the secretary to the president of Wonderful Sky Financial Group Holdings Limited (stock code: 01260.HK) in Hong Kong from April 2011 to June 2013. From June 2013 to July 2017, she served as a senior analyst of Simsen International Financial Group Limited.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$2.06, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 12x in the Media industry in Hong Kong.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Zhongping Zhao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 45% share price gain to HK$2.72, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 15x in the Media industry in Hong Kong.Board Change • Oct 17Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Zhongping Zhao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.株主還元2422HK MediaHK 市場7D1.6%-3.4%-1.5%1Y210.0%-10.0%11.3%株主還元を見る業界別リターン: 2422過去 1 年間で-10 % の収益を上げたHong Kong Media業界を上回りました。リターン対市場: 2422過去 1 年間で11.3 % の収益を上げたHong Kong市場を上回りました。価格変動Is 2422's price volatile compared to industry and market?2422 volatility2422 Average Weekly Movement13.2%Media Industry Average Movement9.2%Market Average Movement7.3%10% most volatile stocks in HK Market15.7%10% least volatile stocks in HK Market3.5%安定した株価: 2422の株価は、 Hong Kong市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 2422の weekly volatility ( 13% ) は過去 1 年間安定していますが、依然としてHong Kongの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2017229Huan Tianwww.regopimc.comレゴ・インタラクティブは投資持株会社で、中国本土でマーケティング・プロモーション、ITソリューションなどのサービスを提供している。同社は、伝統的なマーケティング・プロモーション、広告出稿、広告配信サービス、バーチャルグッズの調達・配送サービスなどのプロモーション・広告サービスを提供している。また、モバイルゲームやソフトウェアの開発・保守サービス、宝くじ関連のソフトウェアシステムや設備に関するソリューションも提供している。また、オフラインショップを通じて宝くじを販売している。顧客は主に企業や広告代理店など。Rego Interactive Co., Ltdは2017年に法人化され、中国の杭州に本社を置いている。もっと見るRego Interactive Co., Ltd 基礎のまとめRego Interactive の収益と売上を時価総額と比較するとどうか。2422 基礎統計学時価総額HK$2.06b収益（TTM）-HK$84.43m売上高(TTM)HK$580.76m3.5xP/Sレシオ-24.4xPER（株価収益率2422 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2422 損益計算書（TTM）収益CN¥503.59m売上原価CN¥458.93m売上総利益CN¥44.66mその他の費用CN¥117.88m収益-CN¥73.21m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.044グロス・マージン8.87%純利益率-14.54%有利子負債／自己資本比率45.8%2422 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 07:37終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Rego Interactive Co., Ltd 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Apr 04Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.026 loss in FY 2024)Full year 2025 results: CN¥0.05 loss per share (further deteriorated from CN¥0.026 loss in FY 2024). Revenue: CN¥503.6m (up 106% from FY 2024). Net loss: CN¥73.2m (loss widened 93% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 175 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026.
お知らせ • Mar 19Rego Interactive Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Rego Interactive Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Jan 26Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct Listing
お知らせ • Jan 02Rego Interactive Co., Ltd Announces Joint Company Secretary ChangesRego Interactive Co. Ltd. announced that Ms. Chan Sau Ling has tendered her resignation as a joint company secretary of the Company and an authorized representative of the Company, effective December 31, 2025. Ms. Chan has confirmed that she has no disagreement with the Board and the Company and there are no other matters in connection with her resignation which need to be brought to the attention of the shareholders of the Company. Ms. Chan will remain as the agent for acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). The Board has also appointed Mr. Yau Tsz Lun as the other Joint Company Secretary, the Authorized Representative and the Process Agent. Mr. Yau is a Manager of Company Secretarial Services of Tricor Services Limited. Mr. Yau has over 7 years of experience in the company secretarial field. He has been providing professional corporate services, corporate governance and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Yau is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.
Buy Or Sell Opportunity • Dec 29Now 48% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to HK$0.75. The fair value is estimated to be HK$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.
Reported Earnings • Apr 04Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.026 loss in FY 2024)Full year 2025 results: CN¥0.05 loss per share (further deteriorated from CN¥0.026 loss in FY 2024). Revenue: CN¥503.6m (up 106% from FY 2024). Net loss: CN¥73.2m (loss widened 93% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 175 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2026.
お知らせ • Mar 19Rego Interactive Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Rego Interactive Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Jan 26Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct Listing
お知らせ • Jan 02Rego Interactive Co., Ltd Announces Joint Company Secretary ChangesRego Interactive Co. Ltd. announced that Ms. Chan Sau Ling has tendered her resignation as a joint company secretary of the Company and an authorized representative of the Company, effective December 31, 2025. Ms. Chan has confirmed that she has no disagreement with the Board and the Company and there are no other matters in connection with her resignation which need to be brought to the attention of the shareholders of the Company. Ms. Chan will remain as the agent for acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). The Board has also appointed Mr. Yau Tsz Lun as the other Joint Company Secretary, the Authorized Representative and the Process Agent. Mr. Yau is a Manager of Company Secretarial Services of Tricor Services Limited. Mr. Yau has over 7 years of experience in the company secretarial field. He has been providing professional corporate services, corporate governance and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Yau is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.
Buy Or Sell Opportunity • Dec 29Now 48% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to HK$0.75. The fair value is estimated to be HK$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.
お知らせ • Dec 24Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 69.6 million.Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 69.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 160,000,000 Price\Range: HKD 0.435 Discount Per Security: HKD 0.002175 Transaction Features: Subsequent Direct Listing
New Risk • Dec 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 72% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$727.5m market cap, or US$93.5m).
Buy Or Sell Opportunity • Nov 21Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 60% to HK$0.64. The fair value is estimated to be HK$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 52% to HK$0.60. The fair value is estimated to be HK$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Oct 17Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 56% to HK$0.64. The fair value is estimated to be HK$0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Meanwhile, the company became loss making.
New Risk • Oct 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 72% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$720.0m market cap, or US$92.5m).
Reported Earnings • Sep 30First half 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.005 profit in 1H 2024)First half 2025 results: CN¥0.027 loss per share (down from CN¥0.005 profit in 1H 2024). Revenue: CN¥135.8m (up 17% from 1H 2024). Net loss: CN¥19.6m (down CN¥23.1m from profit in 1H 2024).
Reported Earnings • Sep 01First half 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.004 profit in 1H 2024)First half 2025 results: CN¥0.027 loss per share (down from CN¥0.004 profit in 1H 2024). Revenue: CN¥135.8m (up 17% from 1H 2024). Net loss: CN¥19.6m (down CN¥23.1m from profit in 1H 2024).
お知らせ • Aug 19Rego Interactive Co., Ltd to Report First Half, 2025 Results on Aug 29, 2025Rego Interactive Co., Ltd announced that they will report first half, 2025 results on Aug 29, 2025
Reported Earnings • Apr 02Full year 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.01 profit in FY 2023)Full year 2024 results: CN¥0.03 loss per share (down from CN¥0.01 profit in FY 2023). Revenue: CN¥244.6m (up 28% from FY 2023). Net loss: CN¥38.0m (down 402% from profit in FY 2023).
お知らせ • Mar 31Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2025Rego Interactive Co., Ltd, Annual General Meeting, Jun 26, 2025.
分析記事 • Mar 17The Returns On Capital At Rego Interactive (HKG:2422) Don't Inspire ConfidenceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
お知らせ • Mar 11Rego Interactive Co., Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025Rego Interactive Co., Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025
New Risk • Feb 04New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$750.0m (US$96.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (HK$750.0m market cap, or US$96.3m).
New Risk • Jan 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).
分析記事 • Nov 11These 4 Measures Indicate That Rego Interactive (HKG:2422) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.012 in 1H 2023)First half 2024 results: EPS: CN¥0.004 (down from CN¥0.012 in 1H 2023). Revenue: CN¥116.2m (up 69% from 1H 2023). Net income: CN¥3.46m (down 70% from 1H 2023). Profit margin: 3.0% (down from 17% in 1H 2023).
New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$600.0m market cap, or US$77.0m).
お知らせ • Aug 20Rego Interactive Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024Rego Interactive Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Jul 19Market Participants Recognise Rego Interactive Co., Ltd's (HKG:2422) RevenuesRego Interactive Co., Ltd's ( HKG:2422 ) price-to-sales (or "P/S") ratio of 3.4x may look like a poor investment...
New Risk • May 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.6% net profit margin). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$622.5m market cap, or US$79.8m).
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.085 in FY 2022)Full year 2023 results: EPS: CN¥0.01 (down from CN¥0.085 in FY 2022). Revenue: CN¥191.1m (down 26% from FY 2022). Net income: CN¥12.6m (down 82% from FY 2022). Profit margin: 6.6% (down from 27% in FY 2022).
お知らせ • Mar 23Rego Interactive Co., Ltd, Annual General Meeting, Jun 28, 2024Rego Interactive Co., Ltd, Annual General Meeting, Jun 28, 2024.
お知らせ • Mar 14Rego Interactive Co., Ltd to Report Fiscal Year 2023 Results on Mar 22, 2024Rego Interactive Co., Ltd announced that they will report fiscal year 2023 results on Mar 22, 2024
New Risk • Dec 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$652.5m market cap, or US$83.6m).
お知らせ • Dec 29Rego Interactive Co., Ltd Announces Director ChangesThe board of directors of Rego Interactive Co. Ltd. announced the resignation and appointment of the following Directors of the Company with effect from 1 January 2024. The company announced that Ms. Hu Huijun has tendered her resignation as an independent non-executive Director of the Company; Mr. Wan Lixiang has tendered his resignation as an independent non- executive Director of the Company; Mr. Zhao Zhongping has tendered his resignation as an independent non- executive Director of the Company; Ms. Zeng Zhen has tendered her resignation as an executive Director of the Company; Ms. Mo Lan has been appointed as an independent non-executive Director of the Company; Mr. Shen Yunjia has been appointed as an independent non-executiveDirector of the Company; Mr. Zeng Liang has been appointed as an independent non- executive Director of the Company; Mr. Chen Wei has been appointed as an executive Director of the Company. Ms. Mo, aged 37, is appointed as an independent non-executive Director of the Company. Ms. Mo has been the chairman and founder of Henghua Energy Technology Group Limited since 2014, and was the managing partner of Qingkong Guochuang Fund from 2018 to 2021. She was also the vice president of Shanxi Hongrun Electric Power Engineering Design Consulting Co. Ltd. from 2010 to 2014, and the administration manager of State Grid Corporation of China Exchange Construction Branch from 2007 to 2010. Ms. Mo holds a master's degree in public policy and a doctorate in Education from Southwest University. She has also obtained an EMBA at PBC School of Finance, Tsinghua University in 2020. Mr. Shen, aged 35, is appointed as an independent non-executive Director of the Company. He currently serves as the financial director of Zhejiang Xinke Semiconductor Co. Ltd. From 2011 to 2021, he served as the senior manager of BDO China Shu Lun Pan CPAs and the deputy director of investment banking at Zheshang Securities from 2021 to 2023. Mr. Shen graduated from Zhejiang University of Finance and Economics majoring in auditing and taxation. Mr. Shen is also an independent non-executive director of Zhejiang Jingyang Mechanical and Electrical Co. Ltd. since August 2023. As far as the Board is aware and save as disclosed above, Mr. Shen does not have any relationship with any Director, senior management, substantial shareholder or controlling shareholder (as defined in the Listing Rules) of the Company. Mr. Zeng Liang, aged 50, is appointed as an independent non-executive Director of the Company. Mr. Zeng Liang is a well-known Internet entrepreneur and angel investor. He has extensive experience in strategic planning, business development and operation management in industries such as digital marketing, mobile Internet and artificial intelligence applications. Mr. Zeng served as senior vice president of Kingdee International Software Group Company Limited from 2003 to 2010. He worked for Microsoft as vice president of Greater China Region from 2010 to 2013 and was responsible for the development of government, education and medical industries in the region. From 2013 to 2017, he held several executive positions including vice president of Baidu Inc. and general manager of Baidu Nuomi. Mr. Zeng obtained Master of Science both in Management and in Engineering from Georgia Institute of Technology in USA. In addition, he holds another Master of Science in Engineering degree from Tsinghua University in Beijing. Mr. Zeng Liang has been an independent non-executive director of Kingwisoft Technology Group Company Limited since 2021. As far as the Board is aware, save as disclosed above, Mr. Zeng Liang does not have any relationship with any Director, senior management, substantial shareholder or controlling shareholder of the Company. Mr. Chen, aged 40, is appointed as an executive Director of the Company. He was the executive director of Beijing Dingjin Xianghui Venture Capital Co. Ltd. from June 2010 to March 2018 and the vice president of Shanghai Juxing Media Co. Ltd. from April 2018 to date. Mr. Chen is also the executive director and general manager of Qingdao Haimaobian Investment Co. Ltd. since November 2020, the executive director and manager of Beijing Dingjin Xianghui Venture Capital Co. Ltd. since June 2021. Mr. Chen obtained a bachelor degree in actuarial science in 2007 and a master degree in mathematical finance in 2009, both from Warwick University.
お知らせ • Dec 01Rego Interactive Co., Ltd Announces Executive ChangesRego Interactive Co. Ltd. announced that: Ms. Ho Wing Nga ("Ms. Ho") has tendered her resignation due to personal reasons as (i) the joint company secretary of the Company (the "Joint Company Secretary"), (ii) an authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and (iii) the authorized person for the purpose of accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and under Rule 19.05(2) of the Listing Rules (the "Process Agent"), with effect from 1 December 2023. Ms. Ho has confirmed that she has no disagreement with the Board and there are no matters with regard to her resignation which need to be brought to the attention of The Stock Exchange and/or the shareholders of the Company. Ms. Yang Chao ("Ms. Yang") will remain as the other Joint Company Secretary. Ms. Tse Chung Man ("Ms. Tse") has been appointed as the Joint Company Secretary, an Authorized Representative and the Process Agent with effect from 1 December 2023. Ms. Tse is a manager of corporate services division of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Tse has over 8 years of experience in the corporate secretarial field and is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.
お知らせ • Nov 04Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 100 million.Rego Interactive Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 100 million. Security Name: Shares Security Type: Common Stock Securities Offered: 500,000,000 Price\Range: HKD 0.2 Transaction Features: Rights Offering
分析記事 • Nov 01Rego Interactive (HKG:2422) Might Be Having Difficulty Using Its Capital EffectivelyFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Sep 26Shaky Earnings May Not Tell The Whole Story For Rego Interactive (HKG:2422)Rego Interactive Co., Ltd's ( HKG:2422 ) stock wasn't much affected by its recent lackluster earnings numbers. We did...
New Risk • Sep 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (HK$420.0m market cap, or US$53.7m).
New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$425.0m market cap, or US$54.2m).
Reported Earnings • Sep 01First half 2023 earnings releasedFirst half 2023 results: EPS: CN¥0.01. Net income: CN¥11.5m (up CN¥11.5m from 1H 2022).
お知らせ • Aug 22Rego Interactive Co., Ltd to Report First Half, 2023 Results on Aug 31, 2023Rego Interactive Co., Ltd announced that they will report first half, 2023 results on Aug 31, 2023
お知らせ • Aug 18Rego Interactive Co., Ltd Provides Earnings Guidance for the Six Months Ended 30 June 2023Rego Interactive Co. Ltd. provided earnings guidance for six months ended 30 June 2023 . For the period, the Group is expected to record a net profit after tax for the six months ended 30 June 2023 of not less than RMB 11.0 million, representing an decrease of 61.3% over approximately RMB 28.4 million as compared with the corresponding period in 2022.
分析記事 • Mar 16It's Down 72% But Rego Interactive Co., Ltd (HKG:2422) Could Be Riskier Than It LooksThe Rego Interactive Co., Ltd ( HKG:2422 ) share price has fared very poorly over the last month, falling by a...
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.067 in FY 2021)Full year 2022 results: EPS: CN¥0.08 (up from CN¥0.067 in FY 2021). Revenue: CN¥256.6m (up 17% from FY 2021). Net income: CN¥68.5m (up 37% from FY 2021). Profit margin: 27% (up from 23% in FY 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to HK$1.44, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 13x in the Media industry in Hong Kong.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$2.13, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 14x in the Media industry in Hong Kong.
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.39, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 13x in the Media industry in Hong Kong.
お知らせ • Jan 06Rego Interactive Co., Ltd Announces Director ChangesRego Interactive Co. Ltd. announced the resignation and appointment of the following Directors of the Company with effect from 5 January 2023: Mr. Xiao Yanfeng ("Mr. Xiao") has tendered his resignation as an executive Director of the Company; Mr. Fan Lianshun ("Mr. Fan") has been appointed as an executive Director of the Company; Mr. Xia Yuanbo ("Mr. Xia") has been appointed as an executive Director of the Company; Ms. Zeng Zhen ("Ms. Zeng") has been appointed as an executive Director of the Company. Mr. Xiao, for the purpose of devoting more time on other business commitment, has tendered his resignation as an executive Director with effect from 5 January 2023. Mr. Fan Lianshun, aged 59, is appointed as an executive Director of the Company. Prior to joining the Group, Mr. Fan served in the Chinese People's Liberation Army ("PLA") for 21 years and founded Xi'an Tiantai Huitou Enterprise Management Group Co. Ltd. in 2019 as the legal representative and an executive director after retirement from the military service in 2003. Mr. Fan graduated from the PLA Information Mr. Xia Yuanbo, aged 40, is the vice president of operations of the Group and is appointed as an executive Director of the Company. Mr. Xia joined the Group in April 2018 and he is primarily responsible for supervision and management of general operations of the Group. Mr. Xia has also served as other roles in various members of the Group. From April 2018 to October 2018, he was appointed as the general manager of Hangzhou Runsheng and was redesignated as the director of interactive entertainment business from November 2018 to March 2019. Ms. Zeng Zhen, aged 34, is appointed as an executive Director of the Company. Prior to joining the Group, Ms. Zeng was the secretary to the president of Wonderful Sky Financial Group Holdings Limited (stock code: 01260.HK) in Hong Kong from April 2011 to June 2013. From June 2013 to July 2017, she served as a senior analyst of Simsen International Financial Group Limited.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$2.06, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 12x in the Media industry in Hong Kong.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Zhongping Zhao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 45% share price gain to HK$2.72, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 15x in the Media industry in Hong Kong.
Board Change • Oct 17Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Zhongping Zhao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
