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iDreamSky Technology Holdings Limited (1119) AI Stock Analysis

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HK:1119

iDreamSky Technology Holdings Limited

(HKEX:1119)

Select Model
Rating:41Neutral
Price Target:HKD 0.30â–¼(-15.21% Downside)
Action:reiterated
Date:09/22/26

The overall score reflects modest financial health with an early-stage turnaround in profitability and leverage constrained by collapsing cash flows and ongoing revenue pressure, coupled with a rich valuation that offers limited fundamental support and a technically weak, downtrending price profile showing oversold conditions but no confirmed positive momentum.

Positive Factors
Improving Balance SheetDeclining debt-to-equity indicates a healthier capital structure and greater financial flexibility than in recent years. Lower leverage can reduce balance-sheet pressure, support continued investment in the games portfolio, and improve resilience if operating performance remains uneven.
Negative Factors
Weak Cash GenerationThe sharp decline in operating and free cash flow shows that recent accounting profitability has not yet translated into dependable cash generation. Weak conversion and higher volatility can constrain funding for new titles, marketing, and platform development while increasing execution risk.

iDreamSky Technology Holdings Limited (1119) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:1119-48.55%EWH+8.17%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 709.46M
Dividend Yield
―
Average Volume (3M)
3.05M
Price to Earnings (P/E)
111.7
Beta (1Y)
0.70
Revenue Growth
4.87%
EPS Growth
―
Country
Hong Kong
Employees
548
Sector
Communication Services
Sector Strength
60
Industry
Electronic Gaming & Multimedia

iDreamSky Technology Holdings Limited Business Overview & Revenue Model

Company Description

Established in 2009 and headquartered in Shenzhen, China, iDreamSky Technology Holdings Limited operates as an investment holding company and a leading digital entertainment platform, with its primary focus on the Chinese game publishing market. The...

iDreamSky Technology Holdings Limited Financial Statement Overview

Summary

Turnaround signs with 2025 profitability and improved leverage, but structurally declining revenue and severely weakened operating and free cash flow keep overall financial health only modest.

Income Statement

45Neutral

Balance Sheet

55Neutral

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.37B1.34B1.51B1.92B2.59B2.64B
Gross Profit444.30M532.40M426.79M673.46M400.46M1.10B
EBITDA95.79M122.46M-180.29M-209.47M-2.13B284.49M
Net Income9.28M15.94M-528.83M-556.35M-2.49B-157.48M
Balance Sheet
Total Assets4.05B3.63B3.59B3.71B4.32B6.61B
Cash, Cash Equivalents and Short-Term Investments387.54M231.31M224.11M263.57M216.38M788.76M
Total Debt1.70B1.32B1.35B1.23B1.62B1.83B
Total Liabilities2.30B1.87B2.13B1.96B2.53B2.40B
Stockholders Equity1.67B1.68B1.37B1.65B1.62B3.94B
Cash Flow
Free Cash Flow-13.89M7.90M-119.31M123.10M62.83M113.63M
Operating Cash Flow-9.65M12.36M151.68M252.96M93.92M153.77M
Investing Cash Flow-301.71M-88.78M-362.18M-137.93M-321.69M-274.75M
Financing Cash Flow279.64M35.19M217.06M-18.11M-406.16M118.98M

iDreamSky Technology Holdings Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.35

Price Trends

50DMA0.36Negative
100DMA0.34Negative
200DMA0.40Negative

Market Momentum

MACD-0.01Negative
RSI47.23Neutral
STOCH53.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1119, the sentiment is Neutral. The current price of 0.35 is above the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.36, and below the 200-day MA of 0.40, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.23 is Neutral, neither overbought nor oversold. The STOCH value of 53.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1119.

iDreamSky Technology Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

HK:1119 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2660HK:266078OutperformHKD 2.48B5.9913.07%17.20%18.51%13.18%
HK:0799HK:079969NeutralHKD 3.26B5.5117.09%5.25%-1.22%1.26%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
HK:2100HK:210048NeutralHKD 746.51M-6.02-7.16%4.44%42.65%-1303.33%
HK:9990HK:999046NeutralHKD 1.24B-10.99-4.78%―-1.05%41.09%
HK:1119HK:111941NeutralHKD 709.46M111.730.56%―4.87%―
HK:0302HK:030240UnderperformHKD 511.41M-0.44-38.88%―-30.74%64.20%

* Communication Services Sector Average

Performance Comparison

-50%-25%0%25%HK:1119HK:0799HK:2100HK:9990HK:2660HK:0302Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1119 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1119iDreamSky Technology Holdings Limited0.35-0.36-50.69%
HK:0799Igg (OTC)2.81-0.26-8.41%
HK:2100BAIOO Family Interactive 0.27-0.22-45.34%
HK:9990Archosaur Games Inc.1.56-0.34-18.06%
HK:2660Zengame Technology Holding Ltd.2.330.178.04%
HK:0302CMGE Technology Group Limited0.16-0.20-55.56%

iDreamSky Technology Holdings Limited Corporate Events

iDreamSky and Tencent Computer Agree to Renew 2027 Frameworks

Nov 12, 2026

iDreamSky Technology Holdings said its Shenzhen subsidiary and Tencent Computer agreed on Nov. 12, 2026 to renew three 2027 framework agreements covering advertising cooperation, products and services purchasing, and game distribution and promotion....

iDreamSky HK Enters Cloud Service Agreement With Tencent Cloud

Nov 12, 2026

iDreamSky Technology Holdings Limited is incorporated in the Cayman Islands and has stock code 1119 on The Stock Exchange of Hong Kong Limited. On 12 November 2026, iDreamSky Holdings (HK) agreed with Tencent Cloud International to procure cloud comp...

iDreamSky Adjusts Conversion Price on HK$386 Million Convertible Bonds After Discounted Placings

Oct 27, 2026

iDreamSky Technology Holdings has announced an adjustment to the conversion price of its HK$386 million 5.00% guaranteed convertible bonds due 2028, following recent share placings at discounts to the prevailing market price. The company completed a...

iDreamSky Raises HK$56.6 Million to Accelerate AI-Driven Gaming R&D

Oct 27, 2026

iDreamSky Technology Holdings Limited has completed a placing of 187,856,000 new shares under its general mandate at HK$0.31 per share, raising gross proceeds of about HK$58.24 million and net proceeds of roughly HK$56.63 million. The new shares were...

iDreamSky Plans Share Placing to Fund AI and Game Development

Oct 15, 2026

iDreamSky Technology Holdings has agreed to place up to 187,856,000 new shares at HKD0.31 each through a best-effort placing arrangement with a placing agent, representing about 9.20% of its existing issued share capital and 8.43% of the enlarged sha...

iDreamSky Posts Softer Profits as Evergreen Games Drive Multi-Platform Growth

Aug 27, 2026

iDreamSky Technology Holdings Limited is a Hong Kong-listed game publisher and operator specialising in overseas distribution of mobile and casual titles. Its portfolio centres on evergreen games such as Subway Surfers and Gardenscapes, built through...

iDreamSky Schedules Board Meeting to Approve 2026 Interim Results and Dividend Plan

Aug 17, 2026

iDreamSky Technology Holdings has scheduled a board meeting for 27 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, signaling p...

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: Sep 22, 2026