Flowing Cloud Technology (2986) Stock Overview

Through its subsidiaries, provides augmented reality/virtual reality marketing, content, and related services in the People’s Republic of China and Hong Kong. More details

2986 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Shares are highly illiquid

Earnings have declined by 24.9% per year over past 5 years

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (HK$15M)

2986 Community Fair Values

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Flowing Cloud Technology Ltd Competitors

Price History & Performance

Summary of share price highs, lows and changes for Flowing Cloud Technology
Historical stock prices
Current Share Price	HK$2.15
52 Week High	HK$2.37
52 Week Low	HK$2.11
Beta	2.26
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	2986	HK Media	HK Market
7D	n/a	-0.4%	0.3%
1Y	n/a	7.6%	32.2%

Return vs Industry: Insufficient data to determine how 2986 performed against the Hong Kong Media industry.

Return vs Market: Insufficient data to determine how 2986 performed against the Hong Kong Market.

Price Volatility

Is 2986's price volatile compared to industry and market?
2986 volatility
2986 Average Weekly Movement	n/a
Media Industry Average Movement	8.1%
Market Average Movement	6.6%
10% most volatile stocks in HK Market	14.4%
10% least volatile stocks in HK Market	3.0%

Stable Share Price: 2986's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 2986's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2008	103	Lei Wang	www.flowingcloud.com

Flowing Cloud Technology Ltd, through its subsidiaries, provides augmented reality/virtual reality marketing, content, and related services in the People’s Republic of China and Hong Kong. The company offers augmented reality/virtual reality/mixed reality AR/VR/MR, artificial intelligence AI, and big data. It also provides SaaS platform, an online AR/VR interactive content design, development, and distribution tools that enables users to create platforms that offers such as AR&VR exhibition, live-streaming, marketing, and content.

Flowing Cloud Technology Ltd Fundamentals Summary

How do Flowing Cloud Technology's earnings and revenue compare to its market cap?
2986 fundamental statistics
Market cap	HK$15.47m
Earnings (TTM)	-HK$253.98m
Revenue (TTM)	HK$1.02b

0.3x

P/S Ratio

-1.1x

P/E Ratio

Is 2986 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2986 income statement (TTM)
Revenue	CN¥928.65m
Cost of Revenue	CN¥773.20m
Gross Profit	CN¥155.45m
Other Expenses	CN¥386.13m
Earnings	-CN¥230.68m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-1.77
Gross Margin	16.74%
Net Profit Margin	-24.84%
Debt/Equity Ratio	7.2%

How did 2986 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/05 13:31
End of Day Share Price	2025/12/05 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Flowing Cloud Technology Ltd is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Qixian Lin	SWS Research Co., Ltd.