Flowing Cloud Technology（6610）株式概要フローイング・クラウド・テクノロジー・リミテッドは子会社を通じて、中華人民共和国と香港でAR（拡張現実）/VR（仮想現実）マーケティング、コンテンツ、関連サービスを提供している。 詳細6610 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性4/6配当金0/6リスク分析Hong Kong市場と比較して、過去 3 か月間の株価の変動が非常に大きい過去5年間で収益は年間44.9%減少しました。 意味のある時価総額がありません ( HK$131M )過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見る6610 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$1.0271.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-367m1b2016201920222025202620282031Revenue CN¥1.1bEarnings CN¥96.0mAdvancedSet Fair ValueView all narrativesFlowing Cloud Technology Ltd 競合他社Web3 MetaSymbol: SEHK:8093Market cap: HK$122.2mMeta Media HoldingsSymbol: SEHK:72Market cap: HK$122.7mAdtiger CorporationsSymbol: SEHK:1163Market cap: HK$152.4mBeijing MediaSymbol: SEHK:1000Market cap: HK$102.6m価格と性能株価の高値、安値、推移の概要Flowing Cloud Technology過去の株価現在の株価HK$1.0252週高値HK$6.4052週安値HK$0.77ベータ2.91ヶ月の変化-18.40%3ヶ月変化-32.00%1年変化-81.79%3年間の変化-97.46%5年間の変化n/aIPOからの変化-97.59%最新ニュースReported Earnings • Mar 27Full year 2025 earnings released: CN¥3.43 loss per share (vs CN¥0.48 loss in FY 2024)Full year 2025 results: CN¥3.43 loss per share (further deteriorated from CN¥0.48 loss in FY 2024). Revenue: CN¥783.9m (down 21% from FY 2024). Net loss: CN¥367.1m (loss widened CN¥323.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance.お知らせ • Mar 26Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026.お知らせ • Mar 13Flowing Cloud Technology Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026Flowing Cloud Technology Ltd announced that they will report fiscal year 2025 results on Mar 25, 2026New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$15.5m (US$1.99m) This is considered a major 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 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$15.5m market cap, or US$1.99m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).New Risk • Oct 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$538.3m market cap, or US$69.2m).お知らせ • Oct 02Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct Listing最新情報をもっと見るRecent updatesReported Earnings • Mar 27Full year 2025 earnings released: CN¥3.43 loss per share (vs CN¥0.48 loss in FY 2024)Full year 2025 results: CN¥3.43 loss per share (further deteriorated from CN¥0.48 loss in FY 2024). Revenue: CN¥783.9m (down 21% from FY 2024). Net loss: CN¥367.1m (loss widened CN¥323.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance.お知らせ • Mar 26Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026.お知らせ • Mar 13Flowing Cloud Technology Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026Flowing Cloud Technology Ltd announced that they will report fiscal year 2025 results on Mar 25, 2026New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$15.5m (US$1.99m) This is considered a major 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 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$15.5m market cap, or US$1.99m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).New Risk • Oct 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$538.3m market cap, or US$69.2m).お知らせ • Oct 02Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct Listingお知らせ • Sep 10Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct ListingReported Earnings • Sep 02First half 2025 earnings released: CN¥0.065 loss per share (vs CN¥0.035 profit in 1H 2024)First half 2025 results: CN¥0.065 loss per share (down from CN¥0.035 profit in 1H 2024). Revenue: CN¥381.3m (down 15% from 1H 2024). Net loss: CN¥123.5m (down 295% from profit in 1H 2024).New Risk • Aug 31New major risk - Revenue and earnings growthEarnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$502.8m market cap, or US$64.5m).お知らせ • Aug 19Flowing Cloud Technology Ltd to Report First Half, 2025 Results on Aug 29, 2025Flowing Cloud Technology Ltd announced that they will report first half, 2025 results on Aug 29, 2025分析記事 • Jun 30Flowing Cloud Technology Ltd (HKG:6610) Soars 28% But It's A Story Of Risk Vs RewardThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 28...Board Change • Jun 12Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Yuelin Chen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$520.1m market cap, or US$66.5m).お知らせ • May 20Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 72.561 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 72.561 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 361,000,000 Price\Range: HKD 0.201 Discount Per Security: HKD 0.00201 Transaction Features: Subsequent Direct Listingお知らせ • May 01Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 72.561 million.Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 72.561 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 361,000,000 Price\Range: HKD 0.201 Discount Per Security: HKD 0.00201 Transaction Features: Subsequent Direct ListingReported Earnings • Apr 01Full year 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.15 profit in FY 2023)Full year 2024 results: CN¥0.024 loss per share (down from CN¥0.15 profit in FY 2023). Revenue: CN¥995.3m (down 20% from FY 2023). Net loss: CN¥43.7m (down 117% from profit in FY 2023).お知らせ • Mar 31Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2025Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2025.お知らせ • Mar 20Flowing Cloud Technology Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025Flowing Cloud Technology Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025お知らせ • Mar 03Flowing Cloud Technology Ltd Announces Board and Committees ChangesThe board (the "Board") of directors (the "Directors") of Flowing Cloud Technology Ltd. announced the following changes in the composition of the Board. Ms. Wang Beili ("Ms. Wang") has resigned as an independent non-executive Director and ceased to be the chairlady of the audit committee of the Board (the "Audit Committee"), a member of the remuneration committee of the Board (the "Remuneration Committee") and a member of the nomination committee of the Board (the "Nomination Committee") with effect from 3 March 2025, in order to devote more time to her other commitments. Ms. Wang has confirmed that she has no disagreement with the Board and there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") and the Stock Exchange. The Board announced that Ms. Chen Yuelin ("Ms. Chen") has been appointed as an independent non-executive Director, the chairlady of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 3 March 2025. Ms. Chen Yuelin, aged 41, has over 17 years of experience in taxation, accounting and management. Ms. Chen served as an officer at the Beijing Municipal Tax Bureau from July 2008 to December 2016; a senior consultant at the Beijing TMT (technology, media & telecommunications) team of the taxation and legal department of Deloitte China from December 2016 to August 2018; the tax officer at Beijing Zhangzhong Financial Information Service Co. Ltd. from August 2018 to March 2020, where she was responsible for the tax work of the group's domestic and overseas companies; and the tax director at Zhongjia Xinchen Group Co. Ltd. from May 2020 to present, where she is responsible for the overall tax management of more than 300 companies under the group, providing professional support for the group's strategic decisions. Ms. Chen has been a Certified Public Accountant in China since December 2016. Ms. Chen obtained a bachelor's degree in management from Beihang University in June 2008.Recent Insider Transactions • Feb 08Senior VP & CTO recently sold HK$2.7m worth of stockOn the 4th of February, Yanhao Li sold around 9m shares on-market at roughly HK$0.29 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.New Risk • Feb 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 10% 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 (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$568.9m market cap, or US$73.1m).分析記事 • Oct 09Flowing Cloud Technology's (HKG:6610) Shareholders Have More To Worry About Than Only Soft EarningsFlowing Cloud Technology Ltd's ( HKG:6610 ) stock showed strength, with investors undeterred by its weak earnings...Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.064 in 1H 2023)First half 2024 results: EPS: CN¥0.035 (down from CN¥0.064 in 1H 2023). Revenue: CN¥448.0m (down 25% from 1H 2023). Net income: CN¥63.5m (down 45% from 1H 2023). Profit margin: 14% (down from 19% in 1H 2023). The decrease in margin was driven by lower revenue.New Risk • Sep 03New 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 9.4% 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: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (HK$587.0m market cap, or US$75.3m).お知らせ • Aug 20Flowing Cloud Technology Ltd to Report First Half, 2024 Results on Aug 30, 2024Flowing Cloud Technology Ltd announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Aug 12Positive Sentiment Still Eludes Flowing Cloud Technology Ltd (HKG:6610) Following 25% Share Price SlumpTo the annoyance of some shareholders, Flowing Cloud Technology Ltd ( HKG:6610 ) shares are down a considerable 25% in...New Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$767.6m (US$98.3m) 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$767.6m market cap, or US$98.3m).分析記事 • May 21Even With A 47% Surge, Cautious Investors Are Not Rewarding Flowing Cloud Technology Ltd's (HKG:6610) Performance CompletelyThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 47...分析記事 • May 02Flowing Cloud Technology (HKG:6610) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Apr 04A Piece Of The Puzzle Missing From Flowing Cloud Technology Ltd's (HKG:6610) 36% Share Price ClimbThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 36...分析記事 • Apr 01Flowing Cloud Technology (HKG:6610) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Mar 29Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2024Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2024.Reported Earnings • Mar 29Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in FY 2022)Full year 2023 results: EPS: CN¥0.15. Revenue: CN¥1.24b (up 17% from FY 2022). Net income: CN¥263.9m (up 12% from FY 2022). Profit margin: 21% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Media industry in Hong Kong.お知らせ • Mar 19Flowing Cloud Technology Ltd to Report Fiscal Year 2023 Final Results on Mar 28, 2024Flowing Cloud Technology Ltd announced that they will report fiscal year 2023 final results on Mar 28, 2024New Risk • Feb 19New 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 12% 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 (60% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.17, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 71% over the past year.分析記事 • Dec 29Flowing Cloud Technology's (HKG:6610) Returns On Capital Not Reflecting Well On The BusinessIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Nov 25Flowing Cloud Technology Ltd (SEHK:6610) commences an Equity Buyback Plan for 181,000,000 shares, representing 10% of its issued share capital, under the authorization approved on June 6, 2023.Flowing Cloud Technology Ltd (SEHK:6610) commences share repurchases on November 23, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2023. As per the mandate, the company is authorized to repurchase up to 181,000,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 6, 2023, the company had 1,810,000,000 shares in issue. On November 14, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 54,300,000 shares, representing 3% of its issued share capital for HKD 70 million. The company will subsequently cancel the bought shares. The program will be financed by internal cash resources.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Media industry in Asia. Total loss to shareholders of 46% over the past year.Recent Insider Transactions • Nov 14Senior VP recently bought HK$145k worth of stockOn the 10th of November, Yanhao Li bought around 100k shares on-market at roughly HK$1.45 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$420k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Oct 29Senior VP recently bought HK$135k worth of stockOn the 26th of October, Yanhao Li bought around 100k shares on-market at roughly HK$1.35 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.分析記事 • Oct 02Flowing Cloud Technology's (HKG:6610) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Flowing Cloud Technology Ltd's ( HKG:6610 ) stock hasn't moved...New Risk • Sep 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 60% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$1.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Media industry in Asia.Reported Earnings • Aug 29First half 2023 earnings released: EPS: CN¥0.064 (vs CN¥0.05 in 1H 2022)First half 2023 results: EPS: CN¥0.064 (up from CN¥0.05 in 1H 2022). Revenue: CN¥599.0m (up 31% from 1H 2022). Net income: CN¥116.3m (up 52% from 1H 2022). Profit margin: 19% (up from 17% in 1H 2022). The increase in margin was driven by higher revenue.お知らせ • Aug 18Flowing Cloud Technology Ltd to Report First Half, 2023 Results on Aug 28, 2023Flowing Cloud Technology Ltd announced that they will report first half, 2023 results on Aug 28, 2023Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.38, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Media industry in Hong Kong.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.72, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Media industry in Hong Kong.Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$2.07, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Media industry in Hong Kong.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to HK$1.66, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Media industry in Hong Kong.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Beili Wang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 18Flowing Cloud Technology Ltd has completed an IPO in the amount of HKD 600.015 million.Flowing Cloud Technology Ltd has completed an IPO in the amount of HKD 600.015 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 161,969,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 82,381,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,150,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Transaction Features: Regulation S株主還元6610HK MediaHK 市場7D-3.8%-4.3%-3.2%1Y-81.8%-23.7%3.3%株主還元を見る業界別リターン: 6610過去 1 年間で-23.7 % の収益を上げたHong Kong Media業界を下回りました。リターン対市場: 6610は、過去 1 年間で3.3 % のリターンを上げたHong Kong市場を下回りました。価格変動Is 6610's price volatile compared to industry and market?6610 volatility6610 Average Weekly Movement36.1%Media Industry Average Movement9.4%Market Average Movement7.4%10% most volatile stocks in HK Market16.0%10% least volatile stocks in HK Market3.5%安定した株価: 6610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: 6610の 週次ボラティリティ は、過去 1 年間で20%から36%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト200899Lei Wangwww.flowingcloud.comフローイング・クラウド・テクノロジー社は子会社を通じて、中華人民共和国と香港で拡張現実/仮想現実マーケティング、コンテンツ、関連サービスを提供している。同社は拡張現実/仮想現実/複合現実AR/VR/MR、人工知能AI、ビッグデータを提供している。また、SaaSプラットフォーム、オンラインAR/VRインタラクティブコンテンツ設計、開発、配信ツールを提供し、ユーザーはAR&VR展示、ライブストリーミング、マーケティング、コンテンツなどを提供するプラットフォームを作成することができる。また、同社はAI仮想人間の擬人化、知覚、表現、認知能力を提供し、エンターテインメント、メディア、金融、教育などの分野で広く応用されている。さらに、ホログラムボックス、VR360、インタラクティブタッチテーブル、文化観光、教育、産業、企業サービス、デジタルヒューマン、フルスタックソリューション、オンラインIPテーマ展示場などのソリューションを提供している。同社は電子商取引、教育、文化観光などの業界の中小企業に製品を提供している。同社は2008年に設立され、中国の北京に本社を置いている。もっと見るFlowing Cloud Technology Ltd 基礎のまとめFlowing Cloud Technology の収益と売上を時価総額と比較するとどうか。6610 基礎統計学時価総額HK$131.48m収益（TTM）-HK$424.62m売上高(TTM)HK$906.77m0.1xP/Sレシオ-0.3xPER（株価収益率6610 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6610 損益計算書（TTM）収益CN¥783.90m売上原価CN¥631.59m売上総利益CN¥152.32mその他の費用CN¥519.40m収益-CN¥367.09m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）-2.85グロス・マージン19.43%純利益率-46.83%有利子負債／自己資本比率10.2%6610 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2026/06/11 14:15終値2026/06/11 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Flowing Cloud Technology 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。1 アナリスト機関Qixian LinSWS Research Co., Ltd.
Reported Earnings • Mar 27Full year 2025 earnings released: CN¥3.43 loss per share (vs CN¥0.48 loss in FY 2024)Full year 2025 results: CN¥3.43 loss per share (further deteriorated from CN¥0.48 loss in FY 2024). Revenue: CN¥783.9m (down 21% from FY 2024). Net loss: CN¥367.1m (loss widened CN¥323.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 26Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026.
お知らせ • Mar 13Flowing Cloud Technology Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026Flowing Cloud Technology Ltd announced that they will report fiscal year 2025 results on Mar 25, 2026
New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$15.5m (US$1.99m) This is considered a major 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 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$15.5m market cap, or US$1.99m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
New Risk • Oct 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$538.3m market cap, or US$69.2m).
お知らせ • Oct 02Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct Listing
Reported Earnings • Mar 27Full year 2025 earnings released: CN¥3.43 loss per share (vs CN¥0.48 loss in FY 2024)Full year 2025 results: CN¥3.43 loss per share (further deteriorated from CN¥0.48 loss in FY 2024). Revenue: CN¥783.9m (down 21% from FY 2024). Net loss: CN¥367.1m (loss widened CN¥323.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 26Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026Flowing Cloud Technology Ltd, Annual General Meeting, Jun 09, 2026.
お知らせ • Mar 13Flowing Cloud Technology Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026Flowing Cloud Technology Ltd announced that they will report fiscal year 2025 results on Mar 25, 2026
New Risk • Dec 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: HK$15.5m (US$1.99m) This is considered a major 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 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$15.5m market cap, or US$1.99m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
New Risk • Oct 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$538.3m market cap, or US$69.2m).
お知らせ • Oct 02Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct Listing
お知らせ • Sep 10Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 75.416681 million.Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 75.416681 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 433,429,200 Price\Range: HKD 0.174 Discount Per Security: HKD 0.00174 Transaction Features: Subsequent Direct Listing
Reported Earnings • Sep 02First half 2025 earnings released: CN¥0.065 loss per share (vs CN¥0.035 profit in 1H 2024)First half 2025 results: CN¥0.065 loss per share (down from CN¥0.035 profit in 1H 2024). Revenue: CN¥381.3m (down 15% from 1H 2024). Net loss: CN¥123.5m (down 295% from profit in 1H 2024).
New Risk • Aug 31New major risk - Revenue and earnings growthEarnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$502.8m market cap, or US$64.5m).
お知らせ • Aug 19Flowing Cloud Technology Ltd to Report First Half, 2025 Results on Aug 29, 2025Flowing Cloud Technology Ltd announced that they will report first half, 2025 results on Aug 29, 2025
分析記事 • Jun 30Flowing Cloud Technology Ltd (HKG:6610) Soars 28% But It's A Story Of Risk Vs RewardThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 28...
Board Change • Jun 12Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Yuelin Chen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$520.1m market cap, or US$66.5m).
お知らせ • May 20Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 72.561 million.Flowing Cloud Technology Ltd has completed a Follow-on Equity Offering in the amount of HKD 72.561 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 361,000,000 Price\Range: HKD 0.201 Discount Per Security: HKD 0.00201 Transaction Features: Subsequent Direct Listing
お知らせ • May 01Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 72.561 million.Flowing Cloud Technology Ltd has filed a Follow-on Equity Offering in the amount of HKD 72.561 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 361,000,000 Price\Range: HKD 0.201 Discount Per Security: HKD 0.00201 Transaction Features: Subsequent Direct Listing
Reported Earnings • Apr 01Full year 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.15 profit in FY 2023)Full year 2024 results: CN¥0.024 loss per share (down from CN¥0.15 profit in FY 2023). Revenue: CN¥995.3m (down 20% from FY 2023). Net loss: CN¥43.7m (down 117% from profit in FY 2023).
お知らせ • Mar 31Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2025Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2025.
お知らせ • Mar 20Flowing Cloud Technology Ltd to Report Fiscal Year 2024 Results on Mar 31, 2025Flowing Cloud Technology Ltd announced that they will report fiscal year 2024 results on Mar 31, 2025
お知らせ • Mar 03Flowing Cloud Technology Ltd Announces Board and Committees ChangesThe board (the "Board") of directors (the "Directors") of Flowing Cloud Technology Ltd. announced the following changes in the composition of the Board. Ms. Wang Beili ("Ms. Wang") has resigned as an independent non-executive Director and ceased to be the chairlady of the audit committee of the Board (the "Audit Committee"), a member of the remuneration committee of the Board (the "Remuneration Committee") and a member of the nomination committee of the Board (the "Nomination Committee") with effect from 3 March 2025, in order to devote more time to her other commitments. Ms. Wang has confirmed that she has no disagreement with the Board and there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") and the Stock Exchange. The Board announced that Ms. Chen Yuelin ("Ms. Chen") has been appointed as an independent non-executive Director, the chairlady of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 3 March 2025. Ms. Chen Yuelin, aged 41, has over 17 years of experience in taxation, accounting and management. Ms. Chen served as an officer at the Beijing Municipal Tax Bureau from July 2008 to December 2016; a senior consultant at the Beijing TMT (technology, media & telecommunications) team of the taxation and legal department of Deloitte China from December 2016 to August 2018; the tax officer at Beijing Zhangzhong Financial Information Service Co. Ltd. from August 2018 to March 2020, where she was responsible for the tax work of the group's domestic and overseas companies; and the tax director at Zhongjia Xinchen Group Co. Ltd. from May 2020 to present, where she is responsible for the overall tax management of more than 300 companies under the group, providing professional support for the group's strategic decisions. Ms. Chen has been a Certified Public Accountant in China since December 2016. Ms. Chen obtained a bachelor's degree in management from Beihang University in June 2008.
Recent Insider Transactions • Feb 08Senior VP & CTO recently sold HK$2.7m worth of stockOn the 4th of February, Yanhao Li sold around 9m shares on-market at roughly HK$0.29 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
New Risk • Feb 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 10% 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 (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$568.9m market cap, or US$73.1m).
分析記事 • Oct 09Flowing Cloud Technology's (HKG:6610) Shareholders Have More To Worry About Than Only Soft EarningsFlowing Cloud Technology Ltd's ( HKG:6610 ) stock showed strength, with investors undeterred by its weak earnings...
Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.064 in 1H 2023)First half 2024 results: EPS: CN¥0.035 (down from CN¥0.064 in 1H 2023). Revenue: CN¥448.0m (down 25% from 1H 2023). Net income: CN¥63.5m (down 45% from 1H 2023). Profit margin: 14% (down from 19% in 1H 2023). The decrease in margin was driven by lower revenue.
New Risk • Sep 03New 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 9.4% 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: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (HK$587.0m market cap, or US$75.3m).
お知らせ • Aug 20Flowing Cloud Technology Ltd to Report First Half, 2024 Results on Aug 30, 2024Flowing Cloud Technology Ltd announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Aug 12Positive Sentiment Still Eludes Flowing Cloud Technology Ltd (HKG:6610) Following 25% Share Price SlumpTo the annoyance of some shareholders, Flowing Cloud Technology Ltd ( HKG:6610 ) shares are down a considerable 25% in...
New Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$767.6m (US$98.3m) 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$767.6m market cap, or US$98.3m).
分析記事 • May 21Even With A 47% Surge, Cautious Investors Are Not Rewarding Flowing Cloud Technology Ltd's (HKG:6610) Performance CompletelyThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 47...
分析記事 • May 02Flowing Cloud Technology (HKG:6610) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Apr 04A Piece Of The Puzzle Missing From Flowing Cloud Technology Ltd's (HKG:6610) 36% Share Price ClimbThose holding Flowing Cloud Technology Ltd ( HKG:6610 ) shares would be relieved that the share price has rebounded 36...
分析記事 • Apr 01Flowing Cloud Technology (HKG:6610) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Mar 29Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2024Flowing Cloud Technology Ltd, Annual General Meeting, May 28, 2024.
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in FY 2022)Full year 2023 results: EPS: CN¥0.15. Revenue: CN¥1.24b (up 17% from FY 2022). Net income: CN¥263.9m (up 12% from FY 2022). Profit margin: 21% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Media industry in Hong Kong.
お知らせ • Mar 19Flowing Cloud Technology Ltd to Report Fiscal Year 2023 Final Results on Mar 28, 2024Flowing Cloud Technology Ltd announced that they will report fiscal year 2023 final results on Mar 28, 2024
New Risk • Feb 19New 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 12% 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 (60% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.17, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 71% over the past year.
分析記事 • Dec 29Flowing Cloud Technology's (HKG:6610) Returns On Capital Not Reflecting Well On The BusinessIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Nov 25Flowing Cloud Technology Ltd (SEHK:6610) commences an Equity Buyback Plan for 181,000,000 shares, representing 10% of its issued share capital, under the authorization approved on June 6, 2023.Flowing Cloud Technology Ltd (SEHK:6610) commences share repurchases on November 23, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2023. As per the mandate, the company is authorized to repurchase up to 181,000,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 6, 2023, the company had 1,810,000,000 shares in issue. On November 14, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 54,300,000 shares, representing 3% of its issued share capital for HKD 70 million. The company will subsequently cancel the bought shares. The program will be financed by internal cash resources.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Media industry in Asia. Total loss to shareholders of 46% over the past year.
Recent Insider Transactions • Nov 14Senior VP recently bought HK$145k worth of stockOn the 10th of November, Yanhao Li bought around 100k shares on-market at roughly HK$1.45 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$420k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Oct 29Senior VP recently bought HK$135k worth of stockOn the 26th of October, Yanhao Li bought around 100k shares on-market at roughly HK$1.35 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
分析記事 • Oct 02Flowing Cloud Technology's (HKG:6610) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Flowing Cloud Technology Ltd's ( HKG:6610 ) stock hasn't moved...
New Risk • Sep 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 60% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to HK$1.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Media industry in Asia.
Reported Earnings • Aug 29First half 2023 earnings released: EPS: CN¥0.064 (vs CN¥0.05 in 1H 2022)First half 2023 results: EPS: CN¥0.064 (up from CN¥0.05 in 1H 2022). Revenue: CN¥599.0m (up 31% from 1H 2022). Net income: CN¥116.3m (up 52% from 1H 2022). Profit margin: 19% (up from 17% in 1H 2022). The increase in margin was driven by higher revenue.
お知らせ • Aug 18Flowing Cloud Technology Ltd to Report First Half, 2023 Results on Aug 28, 2023Flowing Cloud Technology Ltd announced that they will report first half, 2023 results on Aug 28, 2023
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.38, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Media industry in Hong Kong.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.72, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Media industry in Hong Kong.
Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 33%After last week's 33% share price gain to HK$2.07, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Media industry in Hong Kong.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to HK$1.66, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Media industry in Hong Kong.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Beili Wang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 18Flowing Cloud Technology Ltd has completed an IPO in the amount of HKD 600.015 million.Flowing Cloud Technology Ltd has completed an IPO in the amount of HKD 600.015 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 161,969,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 82,381,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 27,150,000 Price\Range: HKD 2.21 Discount Per Security: HKD 0.05525 Transaction Features: Regulation S
