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Updated 1m ago
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Tanwan Inc.SEHK:9890 Stock Report

Market Cap HK$4.6b
Updated 1m ago
Share Price
n/a
1Y-41.1%
7D-7.6%
1D1.3%
Portfolio Value
​
View

Tanwan Inc.

SEHK:9890 Stock Report

Market Cap: HK$4.6b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Tanwan (9890) Stock Overview

Operates as a publisher of online game products in Mainland China, Hong Kong, and internationally. More details

9890 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

Rewards

Price-To-Earnings ratio (3.7x) is below the Hong Kong market (10.9x)

Earnings have grown 33.2% per year over the past 5 years

Risk Analysis

No risks detected for 9890 from our risk checks.

9890 Community Fair Values

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HK$
Current Price
HK$9.2243.2% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-423m8b2016201920222025202620282031Revenue CN¥4.0bEarnings CN¥1.1b
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Tanwan Inc. Competitors

NetDragon Websoft Holdings

Symbol: SEHK:777
Market cap: HK$4.2b

Qingci Games

Symbol: SEHK:6633
Market cap: HK$2.2b

Zengame Technology Holding

Symbol: SEHK:2660
Market cap: HK$2.3b

7Road Holdings

Symbol: SEHK:797
Market cap: HK$2.8b

Price History & Performance

Summary of share price highs, lows and changes for Tanwan
Historical stock prices
Current Share PriceHK$9.22
52 Week HighHK$21.72
52 Week LowHK$8.85
Beta4.25
1 Month Change-8.08%
3 Month Change-17.09%
1 Year Change-41.09%
3 Year Changen/a
5 Year Changen/a
Change since IPO-34.14%

Recent News & Updates

Recent updates

Analysis Article • May 07

Tanwan's (HKG:9890) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Tanwan Inc. ( HKG:9890 ) were solid, but the stock didn't move as much as we expected. We...
Analysis Article • Nov 11

Is Tanwan (HKG:9890) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Oct 06

Tanwan's (HKG:9890) Shareholders May Want To Dig Deeper Than Statutory Profit

The market for Tanwan Inc.'s ( HKG:9890 ) stock was strong after it released a healthy earnings report last week. While...
Analysis Article • Jun 18

Subdued Growth No Barrier To ZX Inc. (HKG:9890) With Shares Advancing 48%

Despite an already strong run, ZX Inc. ( HKG:9890 ) shares have been powering on, with a gain of 48% in the last thirty...
Analysis Article • May 02

ZX Inc.'s (HKG:9890) Price Is Right But Growth Is Lacking After Shares Rocket 28%

ZX Inc. ( HKG:9890 ) shareholders have had their patience rewarded with a 28% share price jump in the last month. But...
Analysis Article • Aug 20

Slammed 27% ZX Inc. (HKG:9890) Screens Well Here But There Might Be A Catch

To the annoyance of some shareholders, ZX Inc. ( HKG:9890 ) shares are down a considerable 27% in the last month, which...
Analysis Article • Jun 20

ZX Inc. (HKG:9890) Might Not Be As Mispriced As It Looks After Plunging 26%

ZX Inc. ( HKG:9890 ) shareholders that were waiting for something to happen have been dealt a blow with a 26% share...
Analysis Article • Apr 21

Investors Still Aren't Entirely Convinced By ZX Inc.'s (HKG:9890) Revenues Despite 44% Price Jump

Those holding ZX Inc. ( HKG:9890 ) shares would be relieved that the share price has rebounded 44% in the last thirty...
Analysis Article • Apr 01

Is ZX (HKG:9890) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

9890HK EntertainmentHK Market
7D-7.6%-1.2%-2.5%
1Y-41.1%-28.6%-6.5%

Return vs Industry: 9890 underperformed the Hong Kong Entertainment industry which returned -28.6% over the past year.

Return vs Market: 9890 underperformed the Hong Kong Market which returned -6.5% over the past year.

Price Volatility

Is 9890's price volatile compared to industry and market?
9890 volatility
9890 Average Weekly Movement6.6%
Entertainment Industry Average Movement8.0%
Market Average Movement7.5%
10% most volatile stocks in HK Market15.0%
10% least volatile stocks in HK Market3.6%

Stable Share Price: 9890 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 9890's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20151,110Xubo Wuwww.tanwan.cn

Tanwan Inc. operates as a publisher of online game products in Mainland China, Hong Kong, and internationally. The company operates and markets games under the TanWan brand, as well as offers real estate and other marketing services; and game marketing and operation services. It also sells rice noodle and mixed noodles, products, and other fast consumer food under the Zha Zha Hui brand.

Tanwan Inc. Fundamentals Summary

How do Tanwan's earnings and revenue compare to its market cap?
9890 fundamental statistics
Market capHK$4.62b
Earnings (TTM)HK$1.25b
Revenue (TTM)HK$4.72b
3.7x
P/E Ratio
1.0x
P/S Ratio

Is 9890 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9890 income statement (TTM)
RevenueCN¥4.04b
Cost of RevenueCN¥1.88b
Gross ProfitCN¥2.16b
Other ExpensesCN¥1.09b
EarningsCN¥1.07b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.13
Gross Margin53.54%
Net Profit Margin26.50%
Debt/Equity Ratio36.2%

How did 9890 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 22:44
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 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 Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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 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

Tanwan Inc. is covered by 0 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.

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