Want to see HK:2718 full AI Analyst Report?
Top Page
Mininglamp Technology Class A
(2718)
Select Model
Select Model
Rating:40Underperform
Price Target:
HK$47.00
▲(29.83% Upside)
Action:Downgraded
Date:08/28/26
The score is driven primarily by weak and volatile financial performance, including a severe 2025 net loss and historically inconsistent cash generation. Technicals add further pressure, with the price well below key moving averages and negative MACD, indicating a strong downtrend. Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Improved Gross Margin
The higher gross margin indicates that the company retained more value from each unit of revenue in 2025. If maintained, this provides a stronger base for covering operating costs, funding product investment, and rebuilding profitability even without significant top-line expansion.
Negative Factors
Limited Revenue Momentum
Flat or declining revenue points to limited recent expansion in the company’s commercial base. Without sustained top-line growth, operating leverage and earnings recovery are harder to achieve, while the business has less revenue momentum to offset volatility in costs and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Gross Margin
The higher gross margin indicates that the company retained more value from each unit of revenue in 2025. If maintained, this provides a stronger base for covering operating costs, funding product investment, and rebuilding profitability even without significant top-line expansion.
Read all positive factors
Mininglamp Technology Class A (2718) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.60B
Dividend Yield8.29%
Average Volume (3M)5.18M
Price to Earnings (P/E)―
Beta (1Y)-1.51
Revenue Growth9.21%
EPS Growth-5994.15%
CountryHK
Employees1,732
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)N/A
Shares Outstanding138,045,490
10 Day Avg. Volume5,485,080
30 Day Avg. Volume5,182,382
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)10.79
Price to Sales (P/S)18.53
P/FCF Ratio5.25K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$367.00Price Target Upside913.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mininglamp Technology Class A Business Overview & Revenue Model
Company Description
Mininglamp Technology, an investment holding company headquartered in Ziyang, China, delivers specialized services in marketing intelligence, operational intelligence, and custom industry solutions. The company's marketing intelligence offerings a...
Mininglamp Technology Class A Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.55B | 1.50B | 1.62B | 1.48B | 1.26B |
| Gross Profit | 856.36M | 737.83M | 755.80M | 643.34M | 621.46M |
| EBITDA | 21.89M | 94.75M | 487.62M | 2.20B | -2.71B |
| Net Income | -6.96B | 5.13M | 347.59M | 1.93B | -2.98B |
Balance Sheet | |||||
| Total Assets | 3.78B | 2.53B | 2.70B | 2.85B | 4.37B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 597.68M | 510.45M | 446.04M | 947.22M |
| Total Debt | 285.31M | 8.61B | 8.44B | 9.18B | 12.58B |
| Total Liabilities | 1.08B | 9.35B | 9.77B | 10.58B | 14.09B |
| Stockholders Equity | 2.66B | -6.85B | -7.09B | -7.74B | -9.74B |
Cash Flow | |||||
| Free Cash Flow | 5.46M | -39.14M | -183.12M | -680.95M | -1.65B |
| Operating Cash Flow | 16.71M | -28.38M | -166.30M | -661.31M | -1.53B |
| Investing Cash Flow | -26.78M | 12.44M | 24.82M | 183.31M | 1.17B |
| Financing Cash Flow | 1.08B | 111.05M | 198.76M | 49.91M | 320.99M |
Mininglamp Technology Class A Technical Analysis
Negative
36.20
Price Trends
71.75
Negative
154.65
Negative
188.93
Negative
Market Momentum
-7.15
Negative
36.34
Neutral
15.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2718, the sentiment is Negative. The current price of 36.2 is below the 20-day moving average (MA) of 43.92, below the 50-day MA of 71.75, and below the 200-day MA of 188.93, indicating a bearish trend. The MACD of -7.15 indicates Negative momentum. The RSI at 36.34 is Neutral, neither overbought nor oversold. The STOCH value of 15.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2718.
Mininglamp Technology Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$873.48M | 9.08 | 14.66% | 2.00% | 9.40% | 79.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | HK$14.82B | 72.89 | 1.93% | ― | 41.91% | ― | |
43 Neutral | HK$691.21M | -12.71 | -11.42% | ― | ― | ― | |
42 Neutral | HK$1.90B | -5.06 | -22.29% | ― | 26.08% | 38.72% | |
40 Underperform | HK$6.60B | -0.89 | -261.95% | 8.29% | 9.21% | -5994.15% |
* General Sector Average
HK:2718
Mininglamp Technology Class A
40.52
-250.08
-86.06%
HK:2121
AInnovation Technology Group
3.24
-4.12
-55.99%
HK:2167
TI Cloud Inc.
4.60
0.75
19.60%
HK:6682
Beijing Fourth Paradigm Technology Co. Ltd. Class H
25.10
-36.20
-59.05%
HK:2567
Qiniu Limited
0.32
-1.11
-77.62%
HK:9678
Unisound AI Technology Co., Ltd.
70.75
-437.25
-86.07%
Mininglamp Technology Class A Corporate Events
Mininglamp Technology Moves to Fully Acquire Wuhan Yeying Unit
Sep 4, 2026
Mininglamp Technology has approved and executed an equity repurchase agreement to acquire the remaining 11.33% stake in Wuhan Yeying Technology, for a consideration of RMB 28,182,863, following arm’s-length negotiations between the parties. ...
Mininglamp to Buy Tencent’s 11.33% Stake in Wuhan Yeying
Aug 31, 2026
Mininglamp Technology, via its subsidiary Beijing Mininglamp Software, has agreed to acquire an 11.33% equity stake in Wuhan Yeying from Tencent Industrial Venture for RMB28.18 million, to be paid in two equal installments by June 2027. The move w...
Mininglamp Technology Strengthens Governance With Formal Nomination Committee Charter
Aug 31, 2026
Mininglamp Technology has formalized the terms of reference for its nomination committee, a sub-committee of the board tasked with overseeing board composition, director nominations, independence assessments and succession planning for directors a...
Mininglamp Technology Reshuffles Board as Hao Xu Joins, Jie Zhao Steps Down
Aug 31, 2026
Mininglamp Technology has announced the resignation of executive director Jie Zhao, effective 31 August 2026, citing personal work commitments and noting that there is no disagreement with the board or issues requiring shareholder attention. The c...
Mininglamp Technology Sets Out Board and Committee Structure
Aug 31, 2026
Mininglamp Technology has disclosed the current composition of its board of directors, confirming four executive directors, one non-executive director, and three independent non-executive directors, with Chairman and CEO Minghui Wu leading the boa...
Mininglamp Technology Narrows Loss as It Accelerates AI-Driven Strategic Shift
Aug 31, 2026
Mininglamp Technology reported interim results for the six months ended 30 June 2026 showing revenue rising to RMB 759.8 million from RMB 643.8 million and gross profit increasing to RMB 390.0 million from RMB 360.1 million. The company narrowed i...
Mininglamp calls EGM to approve Tencent technical services pact
Aug 24, 2026
Mininglamp Technology has called an extraordinary general meeting in Beijing on 15 September 2026 for shareholders to vote on approving, ratifying and confirming a Tencent Technical Services Procurement Supplemental Framework Agreement. The meetin...
Mininglamp Technology Sets Board Meeting to Approve 2026 Interim Results
Aug 19, 2026
Mininglamp Technology has scheduled a board meeting for 31 August 2026 to review and approve the Group’s interim results for the six months ended 30 June 2026. The board will also consider declaring an interim dividend, which could signal ma...
Mininglamp Technology Acquires 19.07% Stake in Pansoft and Redirects IPO Funds to Strategic Investments
Jul 29, 2026
Mininglamp Technology has agreed, via its wholly owned subsidiary Beijing Mininglamp Zhaohui Technology, to acquire 75,473,893 shares in Pansoft Co., Ltd. from multiple individual vendors for RMB858.9 million, giving it a 19.07% stake in the compa...
Mininglamp Revises Tencent Cloud Service Caps, Triggers Independent Shareholder Review
Jul 29, 2026
Mininglamp Technology, via its wholly owned subsidiary Miaozhen Information Technology, has entered into a supplemental framework agreement with Tencent Cloud Beijing to revise the annual caps for technical services it procures. The core commercia...
Mininglamp Technology Wins Strong Shareholder Backing at 2026 AGM
Jun 12, 2026
Mininglamp Technology reported that all resolutions put to shareholders at its annual general meeting on June 12, 2026, were approved by poll, including the adoption of the group’s audited consolidated financial statements for the year ended...
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.