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Changyou Alliance
(1039)
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Rating:44Neutral
Price Target:
HK$0.04
▲(10.00% Upside)
Action:Reiterated
Date:06/11/26
The score is held down primarily by continued net losses and weak technical momentum (below key moving averages with negative MACD). Offsetting these, 2025 shows a meaningful operational and cash-flow rebound (positive EBIT and strong swing to positive free cash flow), but rising leverage and an unhelpful negative P/E keep the overall profile below average.
Positive Factors
Revenue and operating rebound
The return to positive EBIT and EBITDA alongside double-digit revenue growth indicates improving operating execution. If sustained, this can strengthen the core business economics and provide a foundation for future profitability.
Negative Factors
Continued net losses
Persistent net losses limit retained capital, weaken shareholder returns, and show that the operating rebound has not yet translated into bottom-line profitability. A sustained earnings improvement is needed to validate the recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and operating rebound
The return to positive EBIT and EBITDA alongside double-digit revenue growth indicates improving operating execution. If sustained, this can strengthen the core business economics and provide a foundation for future profitability.
Read all positive factors
Changyou Alliance (1039) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$88.74M
Dividend YieldN/A
Average Volume (3M)147.67K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue Growth9.55%
EPS Growth2.00%
CountryHK
Employees49
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,810,953,200
10 Day Avg. Volume48,500
30 Day Avg. Volume147,666
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)0.39
Price to Sales (P/S)0.44
P/FCF Ratio2.73
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
Changyou Alliance Business Overview & Revenue Model
Company Description
As an investment holding company, Changyou Alliance Group Limited is primarily involved in the digital points industry across the People's Republic of China. The firm runs the "Changyou electronic platform," a system designed to enable customers t...
Changyou Alliance Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 177.85M | 192.09M | 180.71M | 226.75M | 215.04M | 114.21M |
| Gross Profit | 43.72M | 43.85M | 39.27M | 39.27M | 28.27M | 12.67M |
| EBITDA | 9.55M | 8.44M | -1.95M | -5.33M | -17.55M | -93.97M |
| Net Income | -15.95M | -16.08M | -19.52M | -37.56M | -34.73M | -49.47M |
Balance Sheet | ||||||
| Total Assets | 149.03M | 148.90M | 138.82M | 149.55M | 154.41M | 191.01M |
| Cash, Cash Equivalents and Short-Term Investments | 39.00M | 33.82M | 8.43M | 25.71M | 33.63M | 51.34M |
| Total Debt | 177.48M | 175.50M | 165.75M | 168.76M | 145.69M | 115.92M |
| Total Liabilities | 307.93M | 310.37M | 293.19M | 302.87M | 270.21M | 253.23M |
| Stockholders Equity | 213.66M | 219.64M | 232.70M | 234.69M | 271.55M | 311.12M |
Cash Flow | ||||||
| Free Cash Flow | 22.76M | 31.01M | -18.76M | 6.65M | -7.15M | -103.90M |
| Operating Cash Flow | 22.97M | 31.26M | -18.39M | 6.91M | -7.01M | -103.39M |
| Investing Cash Flow | -400.13K | -438.35K | -552.00K | -157.00K | -527.00K | -530.00K |
| Financing Cash Flow | -10.01M | -6.04M | 1.72M | -14.40M | -11.09M | 3.82M |
Changyou Alliance Technical Analysis
Neutral
0.04
Price Trends
0.05
Positive
0.05
Negative
0.05
Negative
Market Momentum
<0.01
Negative
54.69
Neutral
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1039, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.69 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1039.
Changyou Alliance Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.42B | 6.64 | 31.59% | 2.89% | 31.51% | 22.05% | |
73 Outperform | HK$3.20B | 15.73 | 16.40% | 2.64% | 11.19% | 160.48% | |
65 Neutral | HK$359.76M | 21.41 | 6.22% | 4.08% | -2.26% | -17.43% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | HK$22.88B | 16.47 | 14.11% | 6.99% | 30.79% | -44.14% | |
44 Neutral | HK$88.74M | -4.77 | -7.36% | ― | 9.55% | 2.00% | |
41 Neutral | HK$758.47M | -0.08 | 21.77% | 3.96% | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
HK:1039
Changyou Alliance
0.05
0.01
32.43%
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0.01
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3.47
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-47.78%
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Changyou Alliance Corporate Events
Changyou International Flags Interim Profit on FX Gains and Lower Tax
Aug 13, 2026
Changyou International Group Limited said it expects to swing to a consolidated profit of about RMB3.7 million for the six months ended 30 June 2026, compared with a loss of roughly RMB3.8 million a year earlier. The group attributes the improveme...
Changyou International Wins Unanimous Shareholder Backing at AGM
May 29, 2026
Changyou International Group Limited reported that all resolutions at its annual general meeting on 29 May 2026 were approved by shareholders via poll, with 816,161,909 votes cast in favor and none against any item. The meeting received and adopte...
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.