CMGE Technology Group Limited (0302) AI Stock Analysis

CMGE Technology Group Limited

(HKEX:0302)

Select Model

Rating:42Neutral

Price Target:HKD 0.17▲(3.66% Upside)

Action:reiterated

Date:10/24/26

The score is driven primarily by weak financial performance (widening losses and negative free cash flow) and a downtrending technical picture (price below key moving averages with negative MACD). Modest leverage provides some cushion, but valuation remains constrained by ongoing losses and a negative P/E.

Positive Factors

Modest LeverageLow leverage provides CMGE with greater financial flexibility than a heavily indebted business. It can reduce interest burden and refinancing pressure, preserve options for investment or restructuring, and offer some resilience while the company works to restore profitability and cash generation.

Negative Factors

Declining Revenue and Deep LossesSustained revenue contraction combined with a deeply negative net margin indicates that the current game portfolio and operating structure are not supporting healthy profitability. If this persists, it can weaken reinvestment capacity, reduce strategic flexibility, and make earnings recovery more dependent on successful new titles.

CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 511.41M
Dividend Yield: ―
Average Volume (3M): 709.63K
Price to Earnings (P/E): -0.5
Beta (1Y): 1.35
Revenue Growth: -30.74%
EPS Growth: 64.20%
Country: Hong Kong
Employees: 260
Sector: Communication Services
Sector Strength: 60
Industry: Electronic Gaming & Multimedia

CMGE Technology Group Limited Business Overview & Revenue Model

Company Description

CMGE Technology Group Limited functions as an investment holding company, primarily operating as an IP-centric game developer and publisher throughout Mainland China, Hong Kong, Taiwan, and South Korea. The company specializes in creating games based...

How the Company Makes Money

CMGE primarily makes money from publishing and operating mobile games. Its revenue model is typically driven by (1) in-game monetization (players purchasing virtual items, privileges, or other digital content within games), which is usually the large...

CMGE Technology Group Limited Financial Statement Overview

Summary

Financial performance is weak: revenue declined in 2024 and fell further in 2025, losses widened materially with deeply negative margins, and operating/free cash flow has been negative in recent years. The main offset is modest leverage (low debt-to-equity), which provides some balance-sheet flexibility despite declining equity and strongly negative ROE.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	977.17M	1.39B	1.93B	2.61B	2.71B	3.96B
Gross Profit	265.13M	456.88M	603.06M	943.10M	1.11B	1.47B
EBITDA	-123.48M	-385.13M	-302.41M	136.66M	171.35M	657.31M
Net Income	-921.70M	-1.47B	-2.11B	-20.08M	-205.03M	611.77M
Balance Sheet
Total Assets	3.25B	3.42B	5.08B	7.09B	7.15B	7.84B
Cash, Cash Equivalents and Short-Term Investments	116.85M	111.88M	222.98M	234.41M	452.64M	1.19B
Total Debt	507.76M	512.37M	535.31M	521.91M	486.66M	789.68M
Total Liabilities	937.88M	1.02B	1.19B	1.39B	1.46B	2.05B
Stockholders Equity	2.33B	2.41B	3.90B	5.70B	5.67B	5.79B
Cash Flow
Free Cash Flow	-149.29M	-12.45M	-385.62M	-90.09M	-15.95M	348.29M
Operating Cash Flow	-149.06M	-12.18M	-234.06M	46.56M	-1.58M	355.58M
Investing Cash Flow	41.53M	42.05M	-93.52M	-86.26M	-224.20M	-994.76M
Financing Cash Flow	69.95M	-42.31M	226.40M	18.59M	-410.15M	689.82M

CMGE Technology Group Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.16

Price Trends

50DMA0.19Negative

100DMA0.19Negative

200DMA0.25Negative

Market Momentum

MACD-0.00Positive

RSI32.14Neutral

STOCH28.68Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0302, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 32.14 is Neutral, neither overbought nor oversold. The STOCH value of 28.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0302.

CMGE Technology Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

HK:0302 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2660	77Outperform	HKD 2.47B	6.07	13.07%	16.95%	18.51%	13.18%
HK:1022	72Outperform	HKD 454.85M	8.72	7.49%	―	12.08%	212.50%
HK:6820	61Neutral	HKD 730.58M	4.82	9.81%	5.97%	0.50%	101.22%
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
HK:0302	42Neutral	HKD 511.41M	-0.45	-38.88%	―	-30.74%	64.20%
HK:1119	41Neutral	HKD 686.94M	95.66	0.56%	―	4.87%	―
HK:6899	41Neutral	HKD 242.30M	-2.39	-75.88%	―	―	―

* Communication Services Sector Average

Performance Comparison

HK:0302 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0302	CMGE Technology Group Limited	0.16	-0.24	-59.00%
HK:1119	iDreamSky Technology Holdings Limited	0.30	-0.52	-63.25%
HK:6899	Ourgame International Holdings Ltd	0.23	-0.08	-26.98%
HK:1022	Feiyu Technology International Company Ltd.	0.26	-0.45	-63.38%
HK:2660	Zengame Technology Holding Ltd.	2.36	0.20	9.21%
HK:6820	FriendTimes Inc.	0.34	-0.17	-33.93%

CMGE Technology Group Limited Corporate Events

CMGE Narrows Interim Loss as New Games and IP Deals Bolster Legendary-Game Strategy

Aug 25, 2026

CMGE Technology Group Limited reported interim unaudited results for the six months ended 30 June 2026, showing revenue of RMB355.1 million and a narrowed net loss of RMB89.7 million versus a much larger loss a year earlier. The improvement was drive...

CMGE Schedules Board Meeting to Approve 2026 Interim Results and Dividend Plan

Aug 3, 2026

CMGE Technology Group Limited has scheduled a board meeting for 25 August 2026 to review and approve the interim results for the six months ended 30 June 2026, along with their publication. The board will also consider whether to declare an interim d...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026

CMGE Technology Group Limited AI Stock Analysis