View ValuationQingci Games 향후 성장Future 기준 점검 5/6Qingci Games은 연간 수입과 매출이 각각 34.1%와 44.4% 증가할 것으로 예상되고 EPS는 연간 34.8%만큼 증가할 것으로 예상됩니다.핵심 정보34.1%이익 성장률34.84%EPS 성장률Entertainment 이익 성장15.4%매출 성장률44.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트06 Apr 2026최근 향후 성장 업데이트공고 • Aug 02Qingci Games Inc. Provides Earnings Guidance for the Six Months Ended June 30, 2022Qingci Games Inc. provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects to record a revenue for the Reporting Period ranging from approximately RMB 250 million to RMB 270 million, as compared to the revenue of approximately RMB763 million for the six months ended June 30, 2021. It is expected that an adjusted net loss ranging from approximately RMB 60 million to RMB 90 million will be recorded, as compared to the adjusted net profit of approximately RMB313.7 million for the six months ended June 30, 2021. The expected turnaround from adjusted net profit to adjusted net loss was primarily attributable to the decrease in revenue as the landmark games reached mature stage of their life cycles; marketing expenses incurred from intensive marketing and promotion since the launching of The Marvelous Snail on June 8, 2022 in Japan which is yet to be fully offset by revenue generated during the Reporting Period due to relatively short game duration after launch; and the Group continuing to increase research and development investment for its pipeline games, including the increase in the number of employees engaging in research and development activities and the corresponding increase in employee benefits expenses. Based on the application of International Financial Reporting Standards ("IFRS"), the Companyrecorded net loss ranging from approximately RMB 60 million to RMB 90 million during theReporting Period as compared to a net loss of approximately RMB 93.8 million for the sixmonths ended June 30, 2021. The main reasons for the loss during the Reporting Period werein consistent with the above-mentioned reasons for the adjusted net loss. In addition, the mainfactors that led to the loss in the same period last year including changes in fair value ofconvertible redeemable preference shares; and financial instruments issued to investors,which led to total losses of approximately RMB 392 million for the same period last year werenot applicable during the Reporting Period.공고 • Feb 28Qingci Games Inc. Provides Earnings Guidance for the Year Ended December 31, 2021Qingci Games Inc. provided earnings guidance for the year ended December 31, 2021. The expected to record a decrease in net profit of not less than 400%, from net profit of approximately RMB 103.7 million for the year ended December 31, 2020 to a net loss in the range of approximately RMB 350 million to RMB 375 million for the year ended December 31, 2021, which was mainly attributable to changes in fair value of convertible redeemable preference shares; and loss from financial instruments issued to investors. The above items combined amounted to approximately RMB 745 million.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jun 27Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €0.24. The fair value is estimated to be €0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 149% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to €0.24. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 149% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yuan Yuan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Mar 26Qingci Games Inc., Annual General Meeting, Jun 09, 2026Qingci Games Inc., Annual General Meeting, Jun 09, 2026.공고 • Mar 16Qingci Games Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026Qingci Games Inc. announced that they will report fiscal year 2025 results on Mar 26, 2026공고 • Aug 15Qingci Games Inc. to Report First Half, 2025 Results on Aug 27, 2025Qingci Games Inc. announced that they will report first half, 2025 results on Aug 27, 2025공고 • Mar 27Qingci Games Inc., Annual General Meeting, Jun 06, 2025Qingci Games Inc., Annual General Meeting, Jun 06, 2025.공고 • Mar 14Qingci Games Inc. to Report Fiscal Year 2024 Results on Mar 27, 2025Qingci Games Inc. announced that they will report fiscal year 2024 results on Mar 27, 2025Reported Earnings • Sep 25First half 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.06 in 1H 2023)First half 2024 results: EPS: CN¥0.065 (up from CN¥0.06 in 1H 2023). Revenue: CN¥342.6m (up 2.6% from 1H 2023). Net income: CN¥45.1m (up 8.6% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany.공고 • Aug 09Qingci Games Inc. to Report Q2, 2024 Results on Aug 22, 2024Qingci Games Inc. announced that they will report Q2, 2024 results on Aug 22, 2024공고 • Mar 27Qingci Games Inc., Annual General Meeting, Jun 06, 2024Qingci Games Inc., Annual General Meeting, Jun 06, 2024.Reported Earnings • Mar 26Full year 2023 earnings released: CN¥0.05 loss per share (vs CN¥0.073 profit in FY 2022)Full year 2023 results: CN¥0.05 loss per share (down from CN¥0.073 profit in FY 2022). Revenue: CN¥905.7m (up 44% from FY 2022). Net loss: CN¥37.4m (down 174% from profit in FY 2022). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Entertainment industry in Europe.공고 • Mar 15Qingci Games Inc. to Report Fiscal Year 2023 Results on Mar 26, 2024Qingci Games Inc. announced that they will report fiscal year 2023 results on Mar 26, 2024Board Change • Dec 27Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Yuan Yuan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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 (73% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).공고 • Oct 18Qingci Games Inc. Announces Board and Committee ChangesQingci Games Inc. announced that with effect from October 17, 2023, Mr. Zhang Longgen has resigned as an independent non-executive Director in order to devote more time to other personal commitments. Accordingly, Mr. Zhang has ceased to be the chairman of the audit committee under the Board and a member of the remuneration committee under the Board. With effect from October 17, 2023, Mr. Yuan Yuan ("Mr. Yuan") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration Committee. The biographical details of Mr. Yuan are set out below. Mr. Yuan Yuan, aged 40, has about 13 years of experience in the finance and securities industry. Mr. Yuan worked at the China Securities Regulatory Commission as a postdoctoral researcher from May 2012 to March 2016. From March 2016 to July 2017, he worked at Soochow Securities Co. Ltd., serving simultaneously as the chief strategist, the executive deputy director of the research department, and a member of the internal verification committee. Subsequently, he worked at Huafu Securities Co. Ltd., serving simultaneously as the managing director, the deputy head of the investment banking business committee, and the general manager of the equities investment banking division from July 2017 to May 2020. Mr. Yuan has served as the managing director of Zhong De Securities Company Limited since May 2020. Mr. Yuan obtained a doctorate degree in accountancy from the Shanghai University of Finance and Economics in 2012 and engaged in postdoctoral research in applied economics in Tsinghua University, he possesses the relevant expertise required under Rule 3.10(2) of the Rules Governing the Listing of Securities on the Stock Exchange. Mr. Yuan is currently an independent non-executive director of China New City Commercial Development Limited and an independent director of Leo Group Co. Ltd., Xinjiang Daqo New Energy Co. Ltd. and Jiangsu Suzhou Rural Commercial Bank Co. Ltd. As a result of the resignation and appointment of Directors as disclosed above, the composition of the Audit Committee and the Remuneration Committee will be changed as follows, with effect from October 17, 2023: Audit Committee Mr. Zhang has ceased to be the chairman (and a member) of the Audit Committee and Mr. Yuan has been appointed as the chairman (and a member) of the Audit Committee. Remuneration Committee Mr. Zhang has ceased to be a member of the Remuneration Committee and Mr. Yuan has been appointed as a member of the Remuneration Committee.New Risk • Sep 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 73% 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 (73% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).Reported Earnings • Aug 25First half 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.11 loss in 1H 2022)First half 2023 results: EPS: CN¥0.06 (up from CN¥0.11 loss in 1H 2022). Revenue: CN¥333.9m (up 25% from 1H 2022). Net income: CN¥41.5m (up CN¥117.2m from 1H 2022). Profit margin: 12% (up from net loss in 1H 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany.공고 • Aug 12Qingci Games Inc. to Report First Half, 2023 Results on Aug 24, 2023Qingci Games Inc. announced that they will report first half, 2023 results on Aug 24, 2023New Risk • Jul 19New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% 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 (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).공고 • Jun 07Qingci Games Inc. Announces Management ChangesQingci Games Inc. announced that Ms. So Shuk Yi Betty ("Ms. So") has tendered her resignation as a joint company secretary of the Company and has ceased to act as an authorised representative of the Company 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 the process agent of the Company in Hong Kong for the purpose of accepting service of process and notices on its behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from June 6, 2023. The Board further announced that Ms. Yung Mei Yee ("Ms. Yung") has been appointed as the Joint Company Secretary, Authorised Representative and Process Agent with effect from June 6, 2023. After the aforesaid changes, Mr. Zhu Chengyin ("Mr. Zhu") will continue to serve as the other Joint Company Secretary. Mr. Zhu Chengyin, aged 32, has served as a Joint Company Secretary and the director of capital markets of the Group since May 2021 and November 2020, respectively. Before joining the Group, Mr. Zhu joined China Securities Co. Ltd. in July 2015. He was a vice president of the investment banking division and he left in November 2020. Mr. Zhu received his bachelor's degree in business administration and master's degree in law from Shanghai Lixin University of Accounting and Finance and Fudan University, in July 2012 and June 2015, respectively. Mr. Zhu obtained the legal professional qualification from the Ministry of Justice of the People's Republic of China in March 2013 and qualification for sponsor representatives from the Securities Association of China in February 2020. In addition, Mr. Zhu received the certificate for passing all the required subjects of The National Uniform CPA Examination of the PRC, awarded by the Certified Public Accountant Examination Committee of the Ministry of Finance, PRC in December 2019. Ms. Yung Mei Yee is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. Ms. Yung has over 20 years of experience in handling company secretarial, corporate governance and compliance affairs of listed companies. Ms. Yung has held various senior company secretarial positions in and acted as the company secretary or joint company secretary of a number of companies listed on the Hong Kong Stock Exchange. She is a fellow of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. She obtained a bachelor's degree of arts in accountancy and a master's degree of arts in language and law from the City University of Hong Kong, and a bachelor's degree of laws from the University of London.Reported Earnings • Mar 29Full year 2022 earnings releasedFull year 2022 results: Revenue: CN¥630.4m (down 43% from FY 2021). Net income: CN¥50.3m (up CN¥418.9m from FY 2021). Profit margin: 8.0% (up from net loss in FY 2021). Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Entertainment industry in Germany.Board Change • Nov 22Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Board Change • Sep 29Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Buying Opportunity • Sep 09Now 23% undervaluedOver the last 90 days, the stock is up 48%. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last year. Meanwhile, the company became loss making.Reported Earnings • Aug 24First half 2022 earnings released: CN¥0.11 loss per share (vs CN¥9.84 loss in 1H 2021)First half 2022 results: CN¥0.11 loss per share (up from CN¥9.84 loss in 1H 2021). Revenue: CN¥268.1m (down 65% from 1H 2021). Net loss: CN¥75.7m (loss narrowed 19% from 1H 2021). Over the next year, revenue is forecast to grow 212%, compared to a 90,133% growth forecast for the Entertainment industry in Germany.공고 • Aug 12Qingci Games Inc. to Report First Half, 2022 Results on Aug 23, 2022Qingci Games Inc. announced that they will report first half, 2022 results on Aug 23, 2022공고 • Aug 02Qingci Games Inc. Provides Earnings Guidance for the Six Months Ended June 30, 2022Qingci Games Inc. provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects to record a revenue for the Reporting Period ranging from approximately RMB 250 million to RMB 270 million, as compared to the revenue of approximately RMB763 million for the six months ended June 30, 2021. It is expected that an adjusted net loss ranging from approximately RMB 60 million to RMB 90 million will be recorded, as compared to the adjusted net profit of approximately RMB313.7 million for the six months ended June 30, 2021. The expected turnaround from adjusted net profit to adjusted net loss was primarily attributable to the decrease in revenue as the landmark games reached mature stage of their life cycles; marketing expenses incurred from intensive marketing and promotion since the launching of The Marvelous Snail on June 8, 2022 in Japan which is yet to be fully offset by revenue generated during the Reporting Period due to relatively short game duration after launch; and the Group continuing to increase research and development investment for its pipeline games, including the increase in the number of employees engaging in research and development activities and the corresponding increase in employee benefits expenses. Based on the application of International Financial Reporting Standards ("IFRS"), the Companyrecorded net loss ranging from approximately RMB 60 million to RMB 90 million during theReporting Period as compared to a net loss of approximately RMB 93.8 million for the sixmonths ended June 30, 2021. The main reasons for the loss during the Reporting Period werein consistent with the above-mentioned reasons for the adjusted net loss. In addition, the mainfactors that led to the loss in the same period last year including changes in fair value ofconvertible redeemable preference shares; and financial instruments issued to investors,which led to total losses of approximately RMB 392 million for the same period last year werenot applicable during the Reporting Period.공고 • Jun 07Qingci Games Inc. Approves Final Dividend for the Year Ended 31 December 2021, Payable on July 29, 2022Qingci Games Inc. announced that at the AGM held on June 6, 2022 approved to pay to the shareholders of the Company a final dividend of HK 15.2 cents per ordinary share of the Company for the year ended 31 December 2021. It will be paid on July 29, 2022 to the shareholders of the Company whose names appear on the register of members of the Company on June 16, 2022. The register of members of the Company will be closed from June 14, 2022 to June 16, 2022 (both days inclusive), during which no transfer of shares will be registered.Reported Earnings • Apr 28Full year 2021 earnings released: CN¥0.96 loss per share (vs CN¥10.89 profit in FY 2020)Full year 2021 results: CN¥0.96 loss per share (down from CN¥10.89 profit in FY 2020). Revenue: CN¥1.11b (down 9.9% from FY 2020). Net loss: CN¥368.6m (down 455% from profit in FY 2020). Over the next year, revenue is forecast to grow 48%, compared to a 181% growth forecast for the industry in Germany.Board Change • Apr 28Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공고 • Feb 28Qingci Games Inc. Provides Earnings Guidance for the Year Ended December 31, 2021Qingci Games Inc. provided earnings guidance for the year ended December 31, 2021. The expected to record a decrease in net profit of not less than 400%, from net profit of approximately RMB 103.7 million for the year ended December 31, 2020 to a net loss in the range of approximately RMB 350 million to RMB 375 million for the year ended December 31, 2021, which was mainly attributable to changes in fair value of convertible redeemable preference shares; and loss from financial instruments issued to investors. The above items combined amounted to approximately RMB 745 million.Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.04, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 42x in the Entertainment industry in Germany.Board Change • Dec 29Less 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 Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측DB:Z56 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,134232N/AN/A112/31/2026701132N/AN/A112/31/20254561222023N/A9/30/2025494994650N/A6/30/2025533767277N/A3/31/2025580643943N/A12/31/20246285159N/A9/30/20247719-20-16N/A6/30/2024914-34-46-42N/A3/31/2024910-36-26-23N/A12/31/2023906-37-7-3N/A9/30/2023801652430N/A6/30/20236961675562N/A3/31/20236631091021N/A12/31/202263050-35-20N/A9/30/2022621-149-111N/A6/30/2022611-3491323N/A3/31/2022858-358104111N/A12/31/20211,106-367194200N/A9/30/20211,504-101362369N/A6/30/20211,901166530537N/A3/31/20211,564135485491N/A12/31/20201,227104440444N/A12/31/2019892067N/A12/31/20189825N/A40N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: Z56 의 연간 예상 수익 증가율(34.1%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: Z56 의 연간 수익(34.1%)이 German 시장(15.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: Z56 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: Z56 의 수익(연간 44.4%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: Z56 의 수익(연간 44.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: Z56의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/01 07:01종가2026/07/24 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Qingci Games Inc.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xueqing ZhangChina International Capital Corporation Limited
공고 • Aug 02Qingci Games Inc. Provides Earnings Guidance for the Six Months Ended June 30, 2022Qingci Games Inc. provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects to record a revenue for the Reporting Period ranging from approximately RMB 250 million to RMB 270 million, as compared to the revenue of approximately RMB763 million for the six months ended June 30, 2021. It is expected that an adjusted net loss ranging from approximately RMB 60 million to RMB 90 million will be recorded, as compared to the adjusted net profit of approximately RMB313.7 million for the six months ended June 30, 2021. The expected turnaround from adjusted net profit to adjusted net loss was primarily attributable to the decrease in revenue as the landmark games reached mature stage of their life cycles; marketing expenses incurred from intensive marketing and promotion since the launching of The Marvelous Snail on June 8, 2022 in Japan which is yet to be fully offset by revenue generated during the Reporting Period due to relatively short game duration after launch; and the Group continuing to increase research and development investment for its pipeline games, including the increase in the number of employees engaging in research and development activities and the corresponding increase in employee benefits expenses. Based on the application of International Financial Reporting Standards ("IFRS"), the Companyrecorded net loss ranging from approximately RMB 60 million to RMB 90 million during theReporting Period as compared to a net loss of approximately RMB 93.8 million for the sixmonths ended June 30, 2021. The main reasons for the loss during the Reporting Period werein consistent with the above-mentioned reasons for the adjusted net loss. In addition, the mainfactors that led to the loss in the same period last year including changes in fair value ofconvertible redeemable preference shares; and financial instruments issued to investors,which led to total losses of approximately RMB 392 million for the same period last year werenot applicable during the Reporting Period.
공고 • Feb 28Qingci Games Inc. Provides Earnings Guidance for the Year Ended December 31, 2021Qingci Games Inc. provided earnings guidance for the year ended December 31, 2021. The expected to record a decrease in net profit of not less than 400%, from net profit of approximately RMB 103.7 million for the year ended December 31, 2020 to a net loss in the range of approximately RMB 350 million to RMB 375 million for the year ended December 31, 2021, which was mainly attributable to changes in fair value of convertible redeemable preference shares; and loss from financial instruments issued to investors. The above items combined amounted to approximately RMB 745 million.
Buy Or Sell Opportunity • Jun 27Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €0.24. The fair value is estimated to be €0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 149% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.
Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.2% to €0.24. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 149% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yuan Yuan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Mar 26Qingci Games Inc., Annual General Meeting, Jun 09, 2026Qingci Games Inc., Annual General Meeting, Jun 09, 2026.
공고 • Mar 16Qingci Games Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026Qingci Games Inc. announced that they will report fiscal year 2025 results on Mar 26, 2026
공고 • Aug 15Qingci Games Inc. to Report First Half, 2025 Results on Aug 27, 2025Qingci Games Inc. announced that they will report first half, 2025 results on Aug 27, 2025
공고 • Mar 27Qingci Games Inc., Annual General Meeting, Jun 06, 2025Qingci Games Inc., Annual General Meeting, Jun 06, 2025.
공고 • Mar 14Qingci Games Inc. to Report Fiscal Year 2024 Results on Mar 27, 2025Qingci Games Inc. announced that they will report fiscal year 2024 results on Mar 27, 2025
Reported Earnings • Sep 25First half 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.06 in 1H 2023)First half 2024 results: EPS: CN¥0.065 (up from CN¥0.06 in 1H 2023). Revenue: CN¥342.6m (up 2.6% from 1H 2023). Net income: CN¥45.1m (up 8.6% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany.
공고 • Aug 09Qingci Games Inc. to Report Q2, 2024 Results on Aug 22, 2024Qingci Games Inc. announced that they will report Q2, 2024 results on Aug 22, 2024
공고 • Mar 27Qingci Games Inc., Annual General Meeting, Jun 06, 2024Qingci Games Inc., Annual General Meeting, Jun 06, 2024.
Reported Earnings • Mar 26Full year 2023 earnings released: CN¥0.05 loss per share (vs CN¥0.073 profit in FY 2022)Full year 2023 results: CN¥0.05 loss per share (down from CN¥0.073 profit in FY 2022). Revenue: CN¥905.7m (up 44% from FY 2022). Net loss: CN¥37.4m (down 174% from profit in FY 2022). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Entertainment industry in Europe.
공고 • Mar 15Qingci Games Inc. to Report Fiscal Year 2023 Results on Mar 26, 2024Qingci Games Inc. announced that they will report fiscal year 2023 results on Mar 26, 2024
Board Change • Dec 27Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Yuan Yuan was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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 (73% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
공고 • Oct 18Qingci Games Inc. Announces Board and Committee ChangesQingci Games Inc. announced that with effect from October 17, 2023, Mr. Zhang Longgen has resigned as an independent non-executive Director in order to devote more time to other personal commitments. Accordingly, Mr. Zhang has ceased to be the chairman of the audit committee under the Board and a member of the remuneration committee under the Board. With effect from October 17, 2023, Mr. Yuan Yuan ("Mr. Yuan") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration Committee. The biographical details of Mr. Yuan are set out below. Mr. Yuan Yuan, aged 40, has about 13 years of experience in the finance and securities industry. Mr. Yuan worked at the China Securities Regulatory Commission as a postdoctoral researcher from May 2012 to March 2016. From March 2016 to July 2017, he worked at Soochow Securities Co. Ltd., serving simultaneously as the chief strategist, the executive deputy director of the research department, and a member of the internal verification committee. Subsequently, he worked at Huafu Securities Co. Ltd., serving simultaneously as the managing director, the deputy head of the investment banking business committee, and the general manager of the equities investment banking division from July 2017 to May 2020. Mr. Yuan has served as the managing director of Zhong De Securities Company Limited since May 2020. Mr. Yuan obtained a doctorate degree in accountancy from the Shanghai University of Finance and Economics in 2012 and engaged in postdoctoral research in applied economics in Tsinghua University, he possesses the relevant expertise required under Rule 3.10(2) of the Rules Governing the Listing of Securities on the Stock Exchange. Mr. Yuan is currently an independent non-executive director of China New City Commercial Development Limited and an independent director of Leo Group Co. Ltd., Xinjiang Daqo New Energy Co. Ltd. and Jiangsu Suzhou Rural Commercial Bank Co. Ltd. As a result of the resignation and appointment of Directors as disclosed above, the composition of the Audit Committee and the Remuneration Committee will be changed as follows, with effect from October 17, 2023: Audit Committee Mr. Zhang has ceased to be the chairman (and a member) of the Audit Committee and Mr. Yuan has been appointed as the chairman (and a member) of the Audit Committee. Remuneration Committee Mr. Zhang has ceased to be a member of the Remuneration Committee and Mr. Yuan has been appointed as a member of the Remuneration Committee.
New Risk • Sep 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 73% 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 (73% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
Reported Earnings • Aug 25First half 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.11 loss in 1H 2022)First half 2023 results: EPS: CN¥0.06 (up from CN¥0.11 loss in 1H 2022). Revenue: CN¥333.9m (up 25% from 1H 2022). Net income: CN¥41.5m (up CN¥117.2m from 1H 2022). Profit margin: 12% (up from net loss in 1H 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany.
공고 • Aug 12Qingci Games Inc. to Report First Half, 2023 Results on Aug 24, 2023Qingci Games Inc. announced that they will report first half, 2023 results on Aug 24, 2023
New Risk • Jul 19New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% 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 (44% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change).
공고 • Jun 07Qingci Games Inc. Announces Management ChangesQingci Games Inc. announced that Ms. So Shuk Yi Betty ("Ms. So") has tendered her resignation as a joint company secretary of the Company and has ceased to act as an authorised representative of the Company 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 the process agent of the Company in Hong Kong for the purpose of accepting service of process and notices on its behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from June 6, 2023. The Board further announced that Ms. Yung Mei Yee ("Ms. Yung") has been appointed as the Joint Company Secretary, Authorised Representative and Process Agent with effect from June 6, 2023. After the aforesaid changes, Mr. Zhu Chengyin ("Mr. Zhu") will continue to serve as the other Joint Company Secretary. Mr. Zhu Chengyin, aged 32, has served as a Joint Company Secretary and the director of capital markets of the Group since May 2021 and November 2020, respectively. Before joining the Group, Mr. Zhu joined China Securities Co. Ltd. in July 2015. He was a vice president of the investment banking division and he left in November 2020. Mr. Zhu received his bachelor's degree in business administration and master's degree in law from Shanghai Lixin University of Accounting and Finance and Fudan University, in July 2012 and June 2015, respectively. Mr. Zhu obtained the legal professional qualification from the Ministry of Justice of the People's Republic of China in March 2013 and qualification for sponsor representatives from the Securities Association of China in February 2020. In addition, Mr. Zhu received the certificate for passing all the required subjects of The National Uniform CPA Examination of the PRC, awarded by the Certified Public Accountant Examination Committee of the Ministry of Finance, PRC in December 2019. Ms. Yung Mei Yee is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. Ms. Yung has over 20 years of experience in handling company secretarial, corporate governance and compliance affairs of listed companies. Ms. Yung has held various senior company secretarial positions in and acted as the company secretary or joint company secretary of a number of companies listed on the Hong Kong Stock Exchange. She is a fellow of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. She obtained a bachelor's degree of arts in accountancy and a master's degree of arts in language and law from the City University of Hong Kong, and a bachelor's degree of laws from the University of London.
Reported Earnings • Mar 29Full year 2022 earnings releasedFull year 2022 results: Revenue: CN¥630.4m (down 43% from FY 2021). Net income: CN¥50.3m (up CN¥418.9m from FY 2021). Profit margin: 8.0% (up from net loss in FY 2021). Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Entertainment industry in Germany.
Board Change • Nov 22Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Board Change • Sep 29Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Buying Opportunity • Sep 09Now 23% undervaluedOver the last 90 days, the stock is up 48%. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last year. Meanwhile, the company became loss making.
Reported Earnings • Aug 24First half 2022 earnings released: CN¥0.11 loss per share (vs CN¥9.84 loss in 1H 2021)First half 2022 results: CN¥0.11 loss per share (up from CN¥9.84 loss in 1H 2021). Revenue: CN¥268.1m (down 65% from 1H 2021). Net loss: CN¥75.7m (loss narrowed 19% from 1H 2021). Over the next year, revenue is forecast to grow 212%, compared to a 90,133% growth forecast for the Entertainment industry in Germany.
공고 • Aug 12Qingci Games Inc. to Report First Half, 2022 Results on Aug 23, 2022Qingci Games Inc. announced that they will report first half, 2022 results on Aug 23, 2022
공고 • Aug 02Qingci Games Inc. Provides Earnings Guidance for the Six Months Ended June 30, 2022Qingci Games Inc. provided earnings guidance for the six months ended June 30, 2022. For the period, the company expects to record a revenue for the Reporting Period ranging from approximately RMB 250 million to RMB 270 million, as compared to the revenue of approximately RMB763 million for the six months ended June 30, 2021. It is expected that an adjusted net loss ranging from approximately RMB 60 million to RMB 90 million will be recorded, as compared to the adjusted net profit of approximately RMB313.7 million for the six months ended June 30, 2021. The expected turnaround from adjusted net profit to adjusted net loss was primarily attributable to the decrease in revenue as the landmark games reached mature stage of their life cycles; marketing expenses incurred from intensive marketing and promotion since the launching of The Marvelous Snail on June 8, 2022 in Japan which is yet to be fully offset by revenue generated during the Reporting Period due to relatively short game duration after launch; and the Group continuing to increase research and development investment for its pipeline games, including the increase in the number of employees engaging in research and development activities and the corresponding increase in employee benefits expenses. Based on the application of International Financial Reporting Standards ("IFRS"), the Companyrecorded net loss ranging from approximately RMB 60 million to RMB 90 million during theReporting Period as compared to a net loss of approximately RMB 93.8 million for the sixmonths ended June 30, 2021. The main reasons for the loss during the Reporting Period werein consistent with the above-mentioned reasons for the adjusted net loss. In addition, the mainfactors that led to the loss in the same period last year including changes in fair value ofconvertible redeemable preference shares; and financial instruments issued to investors,which led to total losses of approximately RMB 392 million for the same period last year werenot applicable during the Reporting Period.
공고 • Jun 07Qingci Games Inc. Approves Final Dividend for the Year Ended 31 December 2021, Payable on July 29, 2022Qingci Games Inc. announced that at the AGM held on June 6, 2022 approved to pay to the shareholders of the Company a final dividend of HK 15.2 cents per ordinary share of the Company for the year ended 31 December 2021. It will be paid on July 29, 2022 to the shareholders of the Company whose names appear on the register of members of the Company on June 16, 2022. The register of members of the Company will be closed from June 14, 2022 to June 16, 2022 (both days inclusive), during which no transfer of shares will be registered.
Reported Earnings • Apr 28Full year 2021 earnings released: CN¥0.96 loss per share (vs CN¥10.89 profit in FY 2020)Full year 2021 results: CN¥0.96 loss per share (down from CN¥10.89 profit in FY 2020). Revenue: CN¥1.11b (down 9.9% from FY 2020). Net loss: CN¥368.6m (down 455% from profit in FY 2020). Over the next year, revenue is forecast to grow 48%, compared to a 181% growth forecast for the industry in Germany.
Board Change • Apr 28Less than half of directors are independentThere are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Zhiqiang Huang is the most experienced director on the board, commencing their role in 2021. Independent Non Executive Director Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공고 • Feb 28Qingci Games Inc. Provides Earnings Guidance for the Year Ended December 31, 2021Qingci Games Inc. provided earnings guidance for the year ended December 31, 2021. The expected to record a decrease in net profit of not less than 400%, from net profit of approximately RMB 103.7 million for the year ended December 31, 2020 to a net loss in the range of approximately RMB 350 million to RMB 375 million for the year ended December 31, 2021, which was mainly attributable to changes in fair value of convertible redeemable preference shares; and loss from financial instruments issued to investors. The above items combined amounted to approximately RMB 745 million.
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.04, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 42x in the Entertainment industry in Germany.
Board Change • Dec 29Less 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 Longgen Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.