Feiyu Technology International Company Ltd. (1022) AI Stock Analysis

Feiyu Technology International Company Ltd.

(HKEX:1022)

Select Model

Rating:62.1Neutral

Price Target:HKD 0.28▲(6.15% Upside)

Action:reiterated

Date:10/01/26

The score is primarily supported by a strong financial rebound and improved cash generation with low leverage, but it is held back by weak technicals (price below all key moving averages and negative MACD) and the historical inconsistency of earnings and cash flows. A low P/E provides some valuation support.

Positive Factors

2025 Revenue and Profitability ReboundThe sharp 2025 revenue expansion and return to positive earnings indicate substantial operating recovery and renewed business activity. If retained, the larger revenue base can improve operating leverage, support reinvestment, and strengthen the company’s ability to fund growth internally over the next several quarters.

Negative Factors

Highly Volatile Earnings HistoryRepeated losses across recent reporting periods make the current profit level less reliable as a steady run-rate. This history raises the risk that earnings may depend on uneven business conditions, limiting confidence in sustained profitability and making forward performance harder to plan around.

Feiyu Technology International Company Ltd. (1022) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 454.85M
Dividend Yield: ―
Average Volume (3M): 187.67K
Price to Earnings (P/E): 8.7
Beta (1Y): 0.99
Revenue Growth: 12.08%
EPS Growth: 212.50%
Country: Hong Kong
Employees: 489
Sector: Communication Services
Sector Strength: 60
Industry: Electronic Gaming & Multimedia

Feiyu Technology International Company Ltd. Business Overview & Revenue Model

Company Description

Feiyu Technology International Company Ltd., an investment holding firm, focuses on the development, operation, and distribution of games across mobile, web, and personal computer platforms within Mainland China. Its extensive game portfolio includes...

Feiyu Technology International Company Ltd. Financial Statement Overview

Summary

Strong 2025 turnaround with sharp revenue growth, a return to profitability (net income 102.6M) and very high gross margin (~91.8%). Balance sheet leverage is conservative (debt-to-equity ~0.15) and cash flow rebounded (FCF 135.2M). The key drag is durability: results and cash flows have been highly volatile with multiple loss/cash-burn years.

Income Statement

74Positive

Balance Sheet

78Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	677.91M	810.24M	276.75M	226.19M	191.52M	104.79M
Gross Profit	599.33M	743.97M	237.19M	194.47M	154.20M	69.93M
EBITDA	67.16M	131.24M	-37.29M	45.65M	-18.87M	-68.72M
Net Income	44.18M	105.30M	-44.39M	52.01M	-29.64M	-78.10M
Balance Sheet
Total Assets	826.82M	820.93M	680.08M	701.93M	625.66M	668.50M
Cash, Cash Equivalents and Short-Term Investments	290.07M	272.56M	102.50M	161.21M	133.41M	130.13M
Total Debt	82.45M	86.22M	89.50M	97.17M	74.25M	81.96M
Total Liabilities	232.76M	215.07M	197.50M	175.99M	169.15M	174.59M
Stockholders Equity	584.84M	595.06M	469.82M	511.43M	446.22M	493.72M
Cash Flow
Free Cash Flow	104.40M	135.18M	-12.18M	33.18M	-19.57M	-81.32M
Operating Cash Flow	112.11M	139.79M	-10.88M	40.07M	-4.50M	-53.23M
Investing Cash Flow	18.05M	-13.00M	-43.01M	-43.69M	22.33M	-70.62M
Financing Cash Flow	-7.52M	-7.10M	-7.42M	27.99M	-13.65M	112.14M

Feiyu Technology International Company Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.26

Price Trends

50DMA0.32Negative

100DMA0.37Negative

200DMA0.47Negative

Market Momentum

MACD-0.02Negative

RSI36.34Neutral

STOCH9.89Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1022, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.32, and below the 200-day MA of 0.47, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 36.34 is Neutral, neither overbought nor oversold. The STOCH value of 9.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1022.

Feiyu Technology International Company Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

HK:1022 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	62Neutral	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:0434	53Neutral	HKD 1.84B	-1.52	-45.89%	1.42%	3.44%	-228.78%
HK:1119	46Neutral	HKD 686.94M	95.66	0.56%	―	4.87%	―
HK:0302	42Neutral	HKD 511.41M	-0.45	-38.88%	―	-30.74%	64.20%

* Communication Services Sector Average

Performance Comparison

HK:1022 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1022	Feiyu Technology International Company Ltd.	0.26	-0.45	-63.38%
HK:0434	Boyaa Interactive International	2.58	-2.68	-51.05%
HK:1119	iDreamSky Technology Holdings Limited	0.30	-0.52	-63.25%
HK:2660	Zengame Technology Holding Ltd.	2.36	0.20	9.21%
HK:0302	CMGE Technology Group Limited	0.16	-0.24	-59.00%
HK:6820	FriendTimes Inc.	0.34	-0.17	-33.93%

Feiyu Technology International Company Ltd. Corporate Events

Feiyu Technology Swings to Interim Loss as Hit Game Matures Amid Aggressive HTML5 Push

Aug 28, 2026

Feiyu Technology reported a sharp deterioration in first-half 2026 results as revenue fell 29.4% year on year to RMB318.7 million and the group swung to an interim loss of RMB3.6 million, reversing a profit a year earlier. Management attributed the d...

Feiyu Technology Sets Board Meeting to Approve Interim Results and Consider Dividend

Aug 14, 2026

Feiyu Technology International Company Ltd. has scheduled a board meeting for 28 August 2026 to review and approve its unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider recommending the payment...

Feiyu Technology Warns of Interim Loss as Heavy Game Investments Hit 2026 Earnings

Aug 7, 2026

Feiyu Technology International Company Ltd., a Hong Kong-listed developer and operator of mobile and HTML5 games, is leveraging platforms such as Weixin Mini Game to monetise titles like Yi Bu Liang Bu and Ni Zhuan Hui He. The Group is expanding its...

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 01, 2026

Feiyu Technology International Company Ltd. AI Stock Analysis