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GoFintech Innovation Limited
(0290)
GoFintech Innovation Limited (0290) vs. iShares MSCI Hong Kong ETF (EWH)
GoFintech Innovation Limited Business Overview & Revenue Model
GoFintech Innovation Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.16M | 863.40M | 45.98M | 24.38M | 57.48M | 156.87M |
| Gross Profit | 27.57M | 37.59M | -1.74M | 18.37M | 22.91M | 130.50M |
| EBITDA | -14.75M | 10.14M | -28.42M | -49.83M | -40.63M | 41.42M |
| Net Income | -24.16M | -2.52M | -30.68M | -58.85M | -79.31M | -13.49M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 4.61B | 1.09B | 475.76M | 604.61M | 955.44M |
| Cash, Cash Equivalents and Short-Term Investments | 121.24M | 392.80M | 462.76M | 183.21M | 195.81M | 363.86M |
| Total Debt | 19.02M | 430.56M | 23.98M | 36.78M | 175.60M | 333.10M |
| Total Liabilities | 227.75M | 686.47M | 305.35M | 179.29M | 356.75M | 631.14M |
| Stockholders Equity | 1.04B | 3.93B | 786.84M | 296.47M | 247.86M | 324.31M |
Cash Flow | ||||||
| Free Cash Flow | -199.37M | -133.46M | -121.72M | 17.25M | -101.49M | -1.75M |
| Operating Cash Flow | -194.90M | -92.99M | -121.72M | 17.25M | -101.36M | 3.10M |
| Investing Cash Flow | -498.64M | -753.66M | -188.57M | -75.51M | 1.09M | -4.86M |
| Financing Cash Flow | 685.96M | 649.13M | 489.73M | -25.21M | -158.84M | -191.65M |
GoFintech Innovation Limited Technical Analysis
GoFintech Innovation Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | HK$1.86B | 24.47 | 2.32% | 1.96% | 20.05% | 16.56% | |
| ― | HK$18.29B | -3,350.00 | -0.11% | ― | 1543.88% | 92.94% | |
| ― | HK$826.17M | ― | -9.25% | ― | -66.98% | -115.16% | |
| ― | €1.90B | 1,800.00 | >-0.01% | ― | -27.12% | ― | |
| ― | HK$941.67M | -14.12 | ― | ― | 156.41% | 21.56% | |
| ― | €1.35B | ― | -99.49% | ― | 22.37% | 20.18% |
GoFintech Innovation Limited Corporate Events
GoFintech Quantum Innovation Limited has announced a further extension of the Long Stop Date for the completion of its new share subscription under a general mandate. Initially set for September 25, 2025, and later extended to October 16, 2025, the Long Stop Date is now moved to November 6, 2025, to allow additional time to fulfill the conditions precedent. This extension reflects ongoing negotiations and adjustments in the subscription agreements, highlighting the company’s efforts to ensure compliance and successful completion of the share subscription process. Stakeholders are advised to exercise caution as the completion of the subscription remains uncertain.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a change in the board lot size for its shares traded on the Hong Kong Stock Exchange, reducing the size from 8,000 shares to 2,000 shares effective November 6, 2025. This strategic move aims to lower the investment threshold, improve trading liquidity, and attract a broader base of investors, ultimately benefiting the company and its shareholders.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a further extension of the Long Stop Date for its Loan Capitalisation Agreement, now set for 31 October 2025. This extension allows additional time to fulfill the Conditions Precedent necessary for completion. Additionally, the company has delayed the dispatch of a Circular containing details of the Loan Capitalisation and other related information to shareholders, now expected by the end of October 2025. These developments indicate ongoing negotiations and adjustments in the company’s financial strategies, potentially impacting stakeholders and market positioning.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced an extension of the Long Stop Date for the completion of its new share subscription under a general mandate. Originally set for 25 September 2025, the date has been extended to 16 October 2025 to allow more time to fulfill the conditions precedent. This extension, agreed upon after negotiations with subscribers, keeps all other terms of the subscription agreements unchanged. The company will continue to update shareholders and potential investors on significant developments, though the completion of the subscription remains uncertain.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced the successful passing of all resolutions during its rescheduled Annual General Meeting held on September 19, 2025. The resolutions included the adoption of financial statements, re-election of directors, and granting of mandates to the board for share allotment and repurchase. The retirement of a non-executive director was also noted, marking a significant update in the company’s governance structure.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced the composition of its board of directors and the roles within its board committees. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the Audit, Nomination, and Remuneration Committees. This announcement is significant for stakeholders as it clarifies the governance structure and leadership roles within the company, potentially impacting its strategic direction and operational oversight.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced a strategic cooperation with Goldstream Investment Limited to explore tokenized real-world asset (RWA) products and projects. This collaboration aims to enhance the company’s capabilities in the RWA business, providing new liquidity channels and integrating blockchain technology for seamless on-chain and off-chain transactions. The initiative aligns with regulatory compliance, targeting qualified corporate entities and professional investors, and is expected to strengthen GoFintech’s market position in the evolving financial services landscape.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced the lapse of its previous subscription agreements for new shares under a general mandate due to unfulfilled conditions and current market conditions. Subsequently, the company entered into new subscription agreements with eleven subscribers to issue 745,168,534 new shares at a discounted price, representing approximately 7.57% of the enlarged share capital. This move is expected to raise gross proceeds of approximately HK$1,326.40 million, enhancing the company’s financial position and market operations.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a change in its company secretary, authorized representative, and process agent roles, effective September 4, 2025. Ms. Yan Xin has resigned from these positions, and Ms. Li Peihua has been appointed as her successor. Ms. Li brings over ten years of experience in company secretarial, corporate governance, and corporate management, which is expected to strengthen the company’s operational and governance framework.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced a significant change in its shareholder structure with the sale of approximately 20.31% of its shares to FINAL TOUCH LTD., a subsidiary of IVD Medical Holding Limited. This transaction, valued at HK$3,142,443,930, will make IVD Medical the single largest shareholder, while the previous largest shareholder, Dr. Liu, will reduce his holding to 0.97%. The company does not anticipate any adverse effects on its daily operations due to this change. Trading of the company’s shares, which was temporarily suspended, has resumed following the announcement.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a trading halt on its shares on The Stock Exchange of Hong Kong Limited, effective from 9:18 a.m. on 1 September 2025. This halt is pending the release of an announcement containing inside information, which may have significant implications for the company’s operations and stakeholders.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a further extension of the Long Stop Date for its Loan Capitalisation Agreement to 30 September 2025. This extension, agreed upon after negotiations with the lender, allows additional time to fulfill the Conditions Precedent necessary for the completion of the transaction. Additionally, the company has delayed the dispatch of a Circular to shareholders, which will now be sent by 30 September 2025, due to the need for finalizing certain information.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced the rescheduling of its Annual General Meeting (AGM) to 19 September 2025. The meeting will address the re-election of Dr. Liang Jinxiang as an independent non-executive director, highlighting the company’s ongoing commitment to its governance structure.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited has announced a strategic cooperation framework agreement with Goldstream Investment Limited. This collaboration aims to explore synergies in capital markets, including services related to RWA tokenised products, digital asset trading, and asset management. The potential partnership represents an opportunity for GoFintech to diversify its income sources and aligns with its innovation-driven strategy. However, no formal agreement has been reached yet, and the cooperation may not materialize.
The most recent analyst rating on (HK:0290) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on GoFintech Innovation Limited stock, see the HK:0290 Stock Forecast page.
GoFintech Quantum Innovation Limited announced the conditional agreement to issue 914,758,614 new shares to eleven subscribers at a price of HK$1.45 per share, representing a discount to recent trading prices. This move aims to raise approximately HK$1,321.40 million in net proceeds, enhancing the company’s capital base without requiring shareholder approval, as it falls under the General Mandate. The completion of this subscription is contingent on certain conditions, including stock exchange approval, and could significantly impact the company’s share capital and market positioning.
GoFintech Quantum Innovation Limited has appointed Dr. Liang Jinxiang as an independent non-executive director and member of various board committees, effective August 14, 2025. Dr. Liang brings over 15 years of experience in finance, capital markets, and financial technology, with expertise in risk management and compliance. His appointment is expected to enhance the company’s governance and strategic direction, potentially impacting its market positioning positively.
GoFintech Quantum Innovation Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board has established three committees: Audit, Nomination, and Remuneration, with specific directors assigned to each. This announcement reflects the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
GoFintech Quantum Innovation Limited has announced a supplemental update regarding its collaboration with Rtree, a technical service provider specializing in the tokenization of real-world assets. This partnership aims to enhance the company’s capabilities in offering blockchain-based solutions for artwork-collateralized lending and on-chain fixed-income bond services. The tokenization process is expected to revolutionize asset trading by increasing efficiency, transparency, and accessibility, although no assets have been circulated on Rtree’s platform yet. The company will ensure compliance with relevant regulations before proceeding with asset tokenization.
GoFintech Quantum Innovation Limited has announced its upcoming annual general meeting scheduled for August 29, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, re-election of directors, and authorization for the board to appoint additional directors. The company also seeks approval for the issuance of additional shares, not exceeding 20% of the current issued shares, which could impact its capital structure and shareholder value.
GoFintech Quantum Innovation Limited has announced a strategic investment in Rtree Tech Service Co., Limited, acquiring an 18% stake. Rtree is a high-tech company specializing in the tokenization of real-world assets, offering new liquidity channels through a blockchain-based platform. This investment is part of GoFintech’s strategy to advance its digital asset value chain and strengthen its market position by integrating traditional and crypto-native investment communities. The move is expected to enhance the company’s competitiveness and drive growth, benefiting both the company and its shareholders.