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Inke Ltd.
(3700)
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Rating:54Neutral
Price Target:
HK$0.59
▼(-41.30% Downside)
Action:Reiterated
Date:10/14/26
The score is held back mainly by weakening operating and cash-flow performance, including a significant revenue decline and deeply negative free cash flow in the latest year. Technicals also reflect strong downside momentum (price below major averages and negative MACD). Offsetting these risks are a very strong, low-debt balance sheet and a relatively low P/E that suggests the stock is priced cheaply versus current earnings.
Positive Factors
Low leverage
The very low debt burden gives Inke financial flexibility during a period of weaker operations. A sizable equity base reduces reliance on borrowing, supports resilience through earnings volatility, and leaves greater capacity to fund product development or absorb adverse business conditions.
Negative Factors
Revenue contraction
The sharp annual revenue decline signals pressure on demand or monetization across the company’s digital entertainment activities. Persistent contraction would reduce operating leverage, limit reinvestment capacity, and make it harder for improved gross margins to translate into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The very low debt burden gives Inke financial flexibility during a period of weaker operations. A sizable equity base reduces reliance on borrowing, supports resilience through earnings volatility, and leaves greater capacity to fund product development or absorb adverse business conditions.
Read all positive factors
Inke Ltd. (3700) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.26B
Dividend Yield5.15%
Average Volume (3M)983.74K
Price to Earnings (P/E)7.0
Beta (1Y)0.35
Revenue Growth-23.74%
EPS Growth-54.08%
CountryHK
Employees1,211
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.07
Shares Outstanding2,324,930,400
10 Day Avg. Volume913,300
30 Day Avg. Volume983,737
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.40
Price to Sales (P/S)0.36
P/FCF Ratio-4.78
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)0.23
Revenue Forecast (FY)HK$8.20B
Inke Ltd. Business Overview & Revenue Model
Company Description
Inkeverse Group Limited, an investment holding company, operates mobile live streaming platforms in the People’s Republic of China. The company’s products include entertainment platforms comprising of Inke App and Duiyuan App. It is involved in on...
How the Company Makes Money
Inke Ltd.’s primary monetization has historically come from its live-streaming ecosystem, where users purchase virtual items (often referred to as virtual gifts) and send them to broadcasters during live sessions; the platform retains a portion of...
Inke Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
84
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.43B | 5.13B | 6.85B | 6.84B | 6.32B | 9.18B |
| Gross Profit | 2.46B | 2.56B | 3.34B | 2.83B | 2.55B | 3.31B |
| EBITDA | 267.57M | 186.50M | 393.32M | 578.14M | 582.28M | 589.75M |
| Net Income | 131.37M | 241.20M | 180.31M | 386.53M | -166.10M | 415.38M |
Balance Sheet | ||||||
| Total Assets | 5.60B | 5.43B | 5.57B | 5.15B | 4.66B | 5.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 3.10B | 2.96B | 3.29B | 2.89B | 2.89B |
| Total Debt | 277.23M | 162.98M | 29.72M | 26.20M | 39.93M | 182.82M |
| Total Liabilities | 829.44M | 735.93M | 1.13B | 863.87M | 808.17M | 1.31B |
| Stockholders Equity | 4.70B | 4.61B | 4.40B | 4.27B | 3.85B | 3.93B |
Cash Flow | ||||||
| Free Cash Flow | -354.64M | -386.67M | 46.71M | 346.51M | 214.07M | 536.69M |
| Operating Cash Flow | -350.93M | 50.99M | 371.89M | 406.96M | 229.85M | 559.08M |
| Investing Cash Flow | 510.85M | -73.13M | -437.64M | 354.28M | -513.97M | 129.97M |
| Financing Cash Flow | 146.35M | -39.95M | -102.21M | -27.10M | -69.40M | -52.34M |
Inke Ltd. Technical Analysis
Negative
1.00
Price Trends
0.75
Negative
0.94
Negative
0.90
Negative
Market Momentum
-0.05
Positive
29.74
Positive
17.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3700, the sentiment is Negative. The current price of 1 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.75, and above the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 29.74 is Positive, neither overbought nor oversold. The STOCH value of 17.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3700.
Inke Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$96.92B | 9.83 | 11.23% | 2.84% | 16.05% | -8.68% | |
69 Neutral | HK$11.87B | 4.59 | 8.15% | 9.90% | 1.85% | -14.40% | |
66 Neutral | HK$115.21B | 6.20 | 19.76% | 4.34% | 11.31% | 0.14% | |
62 Neutral | HK$17.29B | 17.76 | 13.92% | 3.10% | 24.38% | -6.27% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | HK$2.06B | -2.29 | -7.89% | ― | -13.13% | -332.06% | |
54 Neutral | HK$1.26B | 6.96 | 2.82% | 5.15% | -23.74% | -54.08% |
* Communication Services Sector Average
HK:3700
Inke Ltd.
0.58
-0.48
-45.24%
HK:1357
Meitu
3.77
-4.64
-55.18%
HK:9898
Weibo Corp Class A
48.30
-30.74
-38.89%
HK:1024
Kuaishou Technology Class B
26.52
-44.61
-62.72%
HK:1698
Tencent Music Entertainment Group Class A
33.12
-51.53
-60.88%
HK:2390
Zhihu, Inc. Class A
8.24
-2.59
-23.89%
Inke Ltd. Corporate Events
Inkeverse Group Sells 40% Stake in Subsidiary for RMB80 Million
Oct 9, 2026
Inkeverse Group Limited has agreed to dispose of its entire 40% equity interest in Guangzhou Kuaichuang Network Technology Co., Ltd. for RMB80 million to Guangzhou 1846 Technology Co., Ltd., a connected party at the subsidiary level. Following com...
Inkeverse Profit Halves on Revenue Drop and Falling User Base
Aug 28, 2026
Inkeverse Group Limited reported a sharp year-on-year contraction in its interim results for the six months to 30 June 2026, with revenue falling 26% to RMB 1.98 billion and cost of sales dropping 42.2% to RMB 810.0 million. Despite the revenue de...
Inkeverse Board Schedules Meeting to Approve Interim 2026 Results
Aug 18, 2026
Inkeverse Group Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced that its board of directors will convene on 28 August 2026. The company’s governance is led by Chairman and Executive Direc...
Inkeverse Issues Profit Warning on Weaker Social Networking Revenue and Crypto Losses
Aug 7, 2026
Inkeverse Group Limited has warned that its net profit for the six months ended 30 June 2026 is expected to fall by more than 30 percent from the prior-year period’s RMB273.98 million. The decline is mainly attributed to weaker revenue from ...
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.