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CMMB Vision Holdings
(0471)
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Rating:49Neutral
Price Target:
HK$0.10
▼(-86.06% Downside)
Action:Reiterated
Date:10/14/26
The score is held back primarily by weak cash flow (negative operating and free cash flow) despite a notable operating margin turnaround and improved leverage. Technicals are also unfavorable with the stock trading below all key moving averages and only modest momentum. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Revenue and operating margin improvement
The 2025 revenue increase and strong operating margins indicate a meaningful improvement in the company’s operating performance. If maintained, this inflection could strengthen internal reinvestment capacity and provide a more durable earnings base than the losses reported in prior years.
Negative Factors
Negative cash generation
The reversal from positive cash generation in 2024 to negative operating and free cash flow shows that recent operating improvement has not yet converted into liquidity. Persistent cash burn could increase funding needs and weaken the durability of the reported turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and operating margin improvement
The 2025 revenue increase and strong operating margins indicate a meaningful improvement in the company’s operating performance. If maintained, this inflection could strengthen internal reinvestment capacity and provide a more durable earnings base than the losses reported in prior years.
Read all positive factors
CMMB Vision Holdings (0471) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$49.42M
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth144.96%
EPS Growth90.01%
CountryHK
Employees13
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding479,762,150
10 Day Avg. Volume2,029,560
30 Day Avg. Volume1,349,150
Financial Highlights & Ratios
PEG Ratio1.84
Price to Book (P/B)2.67
Price to Sales (P/S)9.09
P/FCF Ratio-23.62
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)N/A
Revenue Forecast (FY)N/A
CMMB Vision Holdings Business Overview & Revenue Model
Company Description
Established in 2005 and headquartered in Hong Kong, Silkwave Inc operates as an investment holding company primarily focused on convergent mobile multimedia broadcasting (CMMB). Its activities span mainland China, the United States, and Taiwan. Fo...
CMMB Vision Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.10M | 7.29M | 6.39M | 7.34M | 8.55M | 5.72M |
| Gross Profit | 2.31M | 2.95M | 2.90M | 2.52M | 2.46M | 1.51M |
| EBITDA | 1.83M | 2.01M | -2.42M | -73.27M | -2.87M | -1.16M |
| Net Income | -2.63M | -375.00K | -8.92M | -66.81M | -27.97M | -35.44M |
Balance Sheet | ||||||
| Total Assets | 56.00M | 39.46M | 36.39M | 44.78M | 114.82M | 135.88M |
| Cash, Cash Equivalents and Short-Term Investments | 7.36M | 389.95K | 889.00K | 727.00K | 1.72M | 1.04M |
| Total Debt | 6.40M | 6.16M | 9.65M | 9.23M | 14.23M | 35.63M |
| Total Liabilities | 7.85M | 9.54M | 12.73M | 11.67M | 17.81M | 42.20M |
| Stockholders Equity | 43.27M | 24.86M | 18.92M | 27.84M | 83.58M | 78.69M |
Cash Flow | ||||||
| Free Cash Flow | -16.61M | -2.81M | 4.14M | -2.58M | -6.65M | -2.54M |
| Operating Cash Flow | -11.54M | -1.77M | 4.14M | -2.58M | -6.65M | -2.54M |
| Investing Cash Flow | -5.10M | -808.19K | -3.68M | -2.15M | -1.18M | 1.00M |
| Financing Cash Flow | 23.65M | 2.07M | -303.00K | 3.73M | 8.50M | 2.14M |
CMMB Vision Holdings Technical Analysis
Negative
0.71
Price Trends
0.11
Negative
0.13
Negative
0.31
Negative
Market Momentum
>-0.01
Positive
42.89
Neutral
28.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0471, the sentiment is Negative. The current price of 0.71 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.31, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 28.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0471.
CMMB Vision Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.07B | 4.72 | 12.36% | 1.64% | 12.17% | 331.64% | |
74 Outperform | HK$231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% | |
63 Neutral | HK$465.59M | 9.59 | 1.66% | 1.24% | 6.08% | -86.65% | |
62 Neutral | HK$1.44B | 3.39 | 11.99% | 9.01% | 20.47% | 7.47% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$1.84B | 3.81 | 34.04% | 5.74% | 120.16% | 263.85% | |
49 Neutral | HK$49.42M | -1.75 | -7.73% | ― | 144.96% | 90.01% |
* Technology Sector Average
HK:0471
CMMB Vision Holdings
0.10
-0.35
-77.01%
HK:0529
SiS International Holdings
1.68
-0.16
-8.67%
HK:0595
AV Concept Holdings Limited
1.22
0.82
206.53%
HK:1362
SiS Mobile Holdings Limited
0.83
0.34
68.71%
HK:2166
Smart-Core Holdings Ltd.
3.32
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81.64%
HK:3991
Changhong Jiahua Holdings Ltd.
0.56
-0.57
-50.44%
CMMB Vision Holdings Corporate Events
Silkwave Inc Warns Investors as Winding-Up Petitions Move Forward
Oct 16, 2026
Silkwave Inc has updated investors on ongoing winding-up petitions, noting that a High Court hearing to validate share transfers is scheduled for 26 October 2026 and that a key petition hearing has been adjourned to 2 November 2026 before the Comp...
Silkwave strikes drone partnership to extend satellite data into industrial markets
Oct 8, 2026
Silkwave Inc has signed a non-binding memorandum of understanding with Thailand-based Altura UAV Co., a specialist in industrial-grade drone systems, to cooperate on research, development, manufacturing and market expansion. The tie-up aims to int...
Silkwave Inc to Relocate Principal Hong Kong Office in 2026
Oct 8, 2026
Silkwave Inc has announced that it will change its principal place of business in Hong Kong to Flat 3404-06, 34/F., China Resources Building, 26 Harbour Road, Wan Chai, effective 8 October 2026. The relocation of its main Hong Kong office may sign...
Silkwave Inc. Names New Company Secretary to Restore Listing Compliance
Sep 24, 2026
Silkwave Inc. has appointed Mr. Ho Yuk Ming, Hugo, as company secretary and authorised representative effective 24 September 2026, strengthening its corporate governance structure with a seasoned professional accountant who brings over 25 years of...
Silkwave Revenue Soars but Losses Widen on Higher Costs
Aug 28, 2026
Silkwave Inc is a Cayman Islands-incorporated company listed in Hong Kong that operates in the media and technology sector. The group generates revenue through its commercial services and platform operations, positioning itself as a regional playe...
Silkwave Inc. Refreshes Board, Appoints Veteran Auditor as INED
Aug 26, 2026
Silkwave Inc. has announced the resignation of independent non-executive director Mr. Chow Kin Wing, who also served as chairman of the audit committee and a member of the nomination and remuneration committees, effective 26 August 2026. The depar...
Silkwave outlines board and committee structure to bolster governance
Aug 26, 2026
Silkwave Inc has announced the current composition of its board of directors, listing four executive directors led by chairman and chief executive Chau Ngai Fung, alongside three independent non-executive directors. This structure underscores the ...
Silkwave Faces Dual Winding-Up Petitions, Raising Trading and Investor Risks
Aug 20, 2026
Silkwave Inc. has received two separate winding-up petitions in Hong Kong’s High Court from creditors alleging unpaid debts tied to a US$9.1 million convertible note and a judgment debt of about HK$476,000. The company is seeking legal advic...
Silkwave Inc Requests Trading Halt Ahead of Inside Information Disclosure
Aug 20, 2026
Silkwave Inc has requested a halt in trading of its shares on the Stock Exchange of Hong Kong, effective from 9:00 a.m. on 20 August 2026. The suspension will remain in place pending the publication of an announcement that the company says will co...
Silkwave schedules board meeting to approve interim results and consider dividend
Aug 18, 2026
Silkwave Inc has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decision that could aff...
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.