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CMGE Technology Group Limited
(0302)
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Rating:47Neutral
Price Target:
HK$0.22
▲(13.16% Upside)
Action:Reiterated
Date:07/24/26
The score is primarily constrained by weak financial performance: sharply deteriorating profitability, sizable losses, and negative free cash flow outweigh the benefit of modest leverage. Technicals are mixed with a short-term bounce above the 20-day average but an overall bearish longer-term trend and negative MACD. Valuation is hard to assess due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Modest leverage
Low debt-to-equity provides durable balance-sheet flexibility, reducing bankruptcy and refinancing risk during revenue volatility. This allows management to fund turnarounds, invest in live-ops and marketing, or absorb losses without immediate forced capital raises, supporting multi-month stability.
Negative Factors
Sharp profitability deterioration
Deep and widening net losses indicate the core operations are unprofitable, eroding retained equity and signaling structural cost or monetization issues. Persistent negative margins undermine earnings durability, force strategy changes, and increase the likelihood of impairments or cost restructurings over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Low debt-to-equity provides durable balance-sheet flexibility, reducing bankruptcy and refinancing risk during revenue volatility. This allows management to fund turnarounds, invest in live-ops and marketing, or absorb losses without immediate forced capital raises, supporting multi-month stability.
Read all positive factors
CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$617.44M
Dividend Yield2.76%
Average Volume (3M)982.97K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue Growth-30.74%
EPS Growth64.20%
CountryHK
Employees260
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.31
Shares Outstanding3,118,364,500
10 Day Avg. Volume605,800
30 Day Avg. Volume982,966
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.43
Price to Sales (P/S)0.75
P/FCF Ratio-83.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$1.75B
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 ba...
How the Company Makes Money
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CMGE Technology Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| 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 | -137.28M | -404.62M | -336.94M | 119.74M | 147.55M | 580.09M |
| 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
Positive
0.19
Price Trends
0.19
Positive
0.22
Negative
0.28
Negative
Market Momentum
>-0.01
Negative
51.78
Neutral
50.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0302, the sentiment is Positive. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.19, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.78 is Neutral, neither overbought nor oversold. The STOCH value of 50.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0302.
CMGE Technology Group Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.38B | 6.07 | 12.98% | 17.09% | 18.51% | 13.18% | |
74 Outperform | HK$603.56M | 12.18 | 7.49% | 2.70% | 12.08% | 212.50% | |
61 Neutral | HK$796.01M | 5.15 | 9.81% | 5.63% | 0.50% | 101.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | HK$980.59M | 150.56 | 0.56% | ― | 4.87% | ― | |
47 Neutral | HK$617.44M | -0.54 | -38.88% | 2.76% | -30.74% | 64.20% | |
41 Neutral | HK$242.30M | -2.41 | -75.88% | 0.91% | ― | ― |
* Communication Services Sector Average
HK:0302
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CMGE Technology Group Limited Corporate Events
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 interi...
CMGE Shareholders Back All AGM Resolutions, Renew Capital Mandates
May 29, 2026
Shareholders of CMGE Technology Group Limited approved all resolutions at the annual general meeting held in Shenzhen on 29 May 2026, including the receipt of the 2025 audited financial statements, re-election of four directors and authorisation f...
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.