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Mininglamp Technology Class A (2718) AI Stock Analysis
Mininglamp Technology Class A
(HKEX:2718)
The score is primarily driven by weak financial performance (large 2025 loss, volatile profitability, and historically inconsistent cash flow) and very bearish technicals (deep downtrend and weak momentum). Balance-sheet solvency looks improved, but negative earnings and a negative P/E limit valuation support.
Mininglamp Technology Class A (2718) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 4.07B
- Dividend Yield
- ―
- Average Volume (3M)
- 3.08M
- Price to Earnings (P/E)
- -0.6
- Beta (1Y)
- -1.30
- Revenue Growth
- 9.21%
- EPS Growth
- -5994.15%
- Country
- Hong Kong
- Employees
- 1,776
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Infrastructure
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 are...
How the Company Makes Money
The company primarily makes money by selling and delivering enterprise AI and data-intelligence offerings to organizations. Key revenue streams include: (1) licensing or subscription fees for its AI/data software platforms and products; (2) implement...
Mininglamp Technology Class A Financial Statement Overview
Summary
Income statement and cash flow are weak: revenue has been flat to slightly down, profitability is highly volatile with an extremely large net loss in 2025, and cash generation has been inconsistent (multi-year negative operating cash flow before a slight improvement in 2025). The balance sheet shows improved solvency in 2025 with positive equity and low debt-to-equity, but returns are very weak due to the large loss.
Income Statement
26NegativeBalance Sheet
38NegativeCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.72B | 1.55B | 1.50B | 1.62B | 1.48B | 1.26B |
| Gross Profit | 914.86M | 856.36M | 737.83M | 755.80M | 643.34M | 621.46M |
| EBITDA | -52.42M | 21.89M | 94.75M | 487.62M | 2.20B | -2.71B |
| Net Income | -6.88B | -6.96B | 5.13M | 347.59M | 1.93B | -2.98B |
Balance Sheet | ||||||
| Total Assets | 3.78B | 3.78B | 2.53B | 2.70B | 2.85B | 4.37B |
| Cash, Cash Equivalents and Short-Term Investments | 1.42B | 1.73B | 597.68M | 510.45M | 446.04M | 947.22M |
| Total Debt | 367.54M | 285.31M | 8.61B | 8.44B | 9.18B | 12.58B |
| Total Liabilities | 1.10B | 1.08B | 9.35B | 9.77B | 10.58B | 14.09B |
| Stockholders Equity | 2.59B | 2.66B | -6.85B | -7.09B | -7.74B | -9.74B |
Cash Flow | ||||||
| Free Cash Flow | -214.61M | 5.46M | -39.14M | -183.12M | -680.95M | -1.65B |
| Operating Cash Flow | -197.48M | 16.71M | -28.38M | -166.30M | -661.31M | -1.53B |
| Investing Cash Flow | -213.92M | -26.78M | 12.44M | 24.82M | 183.31M | 1.17B |
| Financing Cash Flow | 1.12B | 1.08B | 111.05M | 198.76M | 49.91M | 320.99M |
Mininglamp Technology Class A Technical Analysis
Price Trends
Market Momentum
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 26.94 is below the 20-day moving average (MA) of 30.28, below the 50-day MA of 37.64, and below the 200-day MA of 161.69, indicating a bearish trend. The MACD of -3.56 indicates Negative momentum. The RSI at 32.04 is Neutral, neither overbought nor oversold. The STOCH value of 26.52 is Neutral, 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
Overall Rating
HK:216782Outperform
HK:668245Neutral
HK:256743Neutral- HK:271840Underperform
HK:212139Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2167 | 82Outperform | HKD 696.00M | 7.21 | 14.66% | 2.50% | 9.40% | 79.53% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:6682 | 45Neutral | HKD 12.08B | 60.92 | 1.93% | ― | 41.91% | ― |
| HK:2567 | 43Neutral | HKD 621.09M | -11.82 | -11.42% | ― | ― | ― |
| HK:2718 | 40Underperform | HKD 4.07B | -0.56 | -261.95% | ― | 9.21% | -5994.15% |
| HK:2121 | 39Underperform | HKD 1.90B | -5.59 | -22.29% | ― | 26.08% | 38.72% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2718 | Mininglamp Technology Class A | 26.60 | -225.80 | -89.46% | |
| HK:2121 | AInnovation Technology Group Co., Ltd. | 3.37 | -2.69 | -44.47% | |
| HK:2167 | TI Cloud Inc. | 4.00 | -2.11 | -34.52% | |
| HK:6682 | Beijing Fourth Paradigm Technology Co. Ltd. Class H | 21.64 | -31.16 | -59.02% | |
| HK:2567 | Qiniu Limited | 0.31 | -0.42 | -57.53% | |
| HK:9678 | Unisound AI Technology Co., Ltd. | 51.70 | -472.80 | -90.14% |
Mininglamp Technology Class A Corporate Events
Mininglamp Founder Extends Lock-Up on High-Vote Shares to 2027
Mininglamp Technology’s controlling shareholder and founder Minghui Wu has voluntarily extended the lock-up period on 14,835,491 class B shares he beneficially owns via Mine Mine International Limited by an additional 12 months beyond the origi...
Mininglamp Technology Redirects IPO Funds to Pansoft Deal as AI Strategy Expands
Mininglamp Technology has issued a supplemental announcement detailing its acquisition of shares in Pansoft Co., Ltd. and a significant change in the use of IPO net proceeds, clarifying that the decision was made after its November 2025 listing in re...
Mininglamp Technology Shareholders Clear Tencent Technical Services Pact at EGM
Mininglamp Technology reported that shareholders overwhelmingly approved an ordinary resolution at its extraordinary general meeting on September 15, 2026, to ratify and confirm a Tencent Technical Services Procurement Supplemental Framework Agreemen...
Mininglamp Technology Moves to Fully Acquire Wuhan Yeying Unit
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. Upo...
Mininglamp to Buy Tencent’s 11.33% Stake in Wuhan Yeying
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 will...
Mininglamp Technology Strengthens Governance With Formal Nomination Committee Charter
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 and...
Mininglamp Technology Reshuffles Board as Hao Xu Joins, Jie Zhao Steps Down
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 comp...
Mininglamp Technology Sets Out Board and Committee Structure
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 board....
Mininglamp Technology Narrows Loss as It Accelerates AI-Driven Strategic Shift
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 its...
Mininglamp calls EGM to approve Tencent technical services pact
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 meeting w...
Mininglamp Technology Sets Board Meeting to Approve 2026 Interim Results
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 manag...
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 16, 2026