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CMGE Technology Group Limited
(0302)
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Rating:42Neutral
Price Target:
HK$0.17
▼(-10.53% Downside)
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 Leverage
Low 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 Losses
Sustained 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Leverage
Low 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.
Read all positive factors
CMGE Technology Group Limited (0302) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$511.41M
Dividend Yield2.76%
Average Volume (3M)410.53K
Price to Earnings (P/E)―
Beta (1Y)1.35
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. Volume289,800
30 Day Avg. Volume410,533
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
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 la...
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 | -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
Negative
0.19
Price Trends
0.19
Negative
0.19
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
32.14
Neutral
28.68
Neutral
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 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.19, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.47B | 6.07 | 13.07% | 16.95% | 18.51% | 13.18% | |
62 Neutral | HK$454.85M | 8.72 | 7.49% | 2.70% | 12.08% | 212.50% | |
61 Neutral | HK$730.58M | 4.82 | 9.81% | 5.97% | 0.50% | 101.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | HK$686.94M | 95.85 | 0.56% | ― | 4.87% | ― | |
42 Neutral | HK$511.41M | -0.45 | -38.88% | 2.76% | -30.74% | 64.20% | |
41 Neutral | HK$242.30M | -2.39 | -75.88% | 0.91% | ― | ― |
* Communication Services Sector Average
HK:0302
CMGE Technology Group Limited
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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 dr...
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...
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.