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Flowing Cloud Technology Ltd.
(6610)
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Rating:47Neutral
Price Target:
HK$0.77
▼(-52.00% Downside)
Action:Reiterated
Date:09/08/26
The score is primarily held down by weak financial performance—sharp profitability decline and sustained cash burn—despite low balance-sheet leverage. Technical indicators provide some near-term support, but the longer-term trend remains weak. Valuation is constrained by a negative P/E and the absence of a dividend yield.
Positive Factors
Low leverage
Conservative leverage gives Flowing Cloud some financial flexibility despite current losses. Limited debt exposure can reduce financing pressure and preserve room to address operating challenges, invest selectively, or withstand volatility over the next several quarters.
Negative Factors
Revenue contraction
A second consecutive period of revenue decline indicates weakening business momentum rather than a single isolated fluctuation. Sustained contraction can reduce operating leverage, limit reinvestment capacity, and make it harder for the company to restore profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Conservative leverage gives Flowing Cloud some financial flexibility despite current losses. Limited debt exposure can reduce financing pressure and preserve room to address operating challenges, invest selectively, or withstand volatility over the next several quarters.
Read all positive factors
Flowing Cloud Technology Ltd. (6610) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$100.55M
Dividend YieldN/A
Average Volume (3M)149.35K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-30.67%
EPS Growth8.70%
CountryHK
Employees82
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-2.16
Shares Outstanding130,087,860
10 Day Avg. Volume71,875
30 Day Avg. Volume149,355
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.11
Price to Sales (P/S)0.16
P/FCF Ratio-0.62
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)5.2
Revenue Forecast (FY)HK$2.04B
Flowing Cloud Technology Ltd. Business Overview & Revenue Model
Company Description
Flowing Cloud Technology Ltd operates in China, providing intelligent marketing technology services. The company delivers standardized Software-as-a-Service (SaaS) marketing platforms, built upon cutting-edge capabilities including AR/VR engines, ...
Flowing Cloud Technology Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 626.17M | 783.90M | 995.35M | 1.24B | 1.07B | 595.29M |
| Gross Profit | 120.02M | 152.32M | 200.04M | 420.72M | 374.00M | 175.52M |
| EBITDA | -190.55M | -297.57M | 1.89M | 321.39M | 297.30M | 133.44M |
| Net Income | -258.55M | -367.09M | -43.70M | 263.94M | 236.75M | 70.20M |
Balance Sheet | ||||||
| Total Assets | 1.53B | 1.58B | 1.77B | 1.72B | 1.53B | 583.51M |
| Cash, Cash Equivalents and Short-Term Investments | 37.20M | 62.05M | 167.12M | 335.90M | 407.96M | 214.28M |
| Total Debt | 104.64M | 117.14M | 89.69M | 98.39M | 85.89M | 28.06M |
| Total Liabilities | 427.45M | 465.94M | 387.51M | 269.04M | 302.05M | 136.94M |
| Stockholders Equity | 1.10B | 1.10B | 1.38B | 1.45B | 1.22B | 443.68M |
Cash Flow | ||||||
| Free Cash Flow | -48.31M | -198.39M | -156.48M | -112.04M | -210.56M | 6.76M |
| Operating Cash Flow | -47.75M | -197.88M | -117.60M | -52.61M | -155.50M | 24.48M |
| Investing Cash Flow | -7.01M | -50.52M | -48.20M | -18.80M | -224.01M | -16.90M |
| Financing Cash Flow | 67.26M | 151.66M | -4.89M | 458.00K | 574.26M | 102.68M |
Flowing Cloud Technology Ltd. Technical Analysis
Neutral
1.60
Price Trends
0.80
Negative
0.80
Negative
1.10
Negative
Market Momentum
<0.01
Negative
51.55
Neutral
51.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6610, the sentiment is Neutral. The current price of 1.6 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.80, and above the 200-day MA of 1.10, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 51.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6610.
Flowing Cloud Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$1.39B | 13.08 | 9.51% | 10.38% | 21.19% | 19.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$29.85B | 104.05 | 3.02% | 0.10% | 16.98% | ― | |
56 Neutral | HK$18.67B | -5.58 | -7.08% | ― | 35.32% | 74.56% | |
54 Neutral | HK$1.27B | 45.36 | 0.55% | 14.39% | -5.95% | ― | |
47 Neutral | HK$100.55M | -0.31 | -23.42% | ― | -30.67% | 8.70% | |
42 Neutral | HK$2.70B | -6.31 | -13.18% | ― | 40.17% | 76.39% |
* Technology Sector Average
HK:6610
Flowing Cloud Technology Ltd.
0.78
-1.98
-71.74%
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0.66
-1.64
-71.30%
HK:0909
Ming Yuan Cloud Group Holdings Limited
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-2.51
-78.34%
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-37.95%
Flowing Cloud Technology Ltd. Corporate Events
Flowing Cloud Technology streamlines China subsidiary structure with capital injection and full control of unit
Oct 16, 2026
Flowing Cloud Technology Ltd. has completed a restructuring of its mainland subsidiaries that consolidates ownership of Beijing Zhongrunxing under Hangzhou Zhongrunxing, an indirect non-wholly owned unit of the group. The move follows a share repu...
Flowing Cloud Technology Corrects Proxy Form Ahead of Capital-Raising EGM
Oct 15, 2026
Flowing Cloud Technology Ltd. has issued a clarification announcement regarding documentation for its extraordinary general meeting scheduled for 2 November 2026 in Beijing, after discovering that the ordinary resolutions in its original proxy for...
Flowing Cloud clarifies future use of treasury shares after 2025 annual report
Oct 12, 2026
Flowing Cloud Technology Ltd. has issued a supplemental announcement to clarify the treatment of 59,100 treasury shares that arose from a June 2024 repurchase and subsequent share consolidation, previously disclosed in its 2025 annual report. The ...
Flowing Cloud seeks major capital boost via rights issue and share increase
Oct 9, 2026
Flowing Cloud Technology Ltd. has called an extraordinary general meeting for 2 November 2026 in Beijing to seek shareholder approval to increase its authorised share capital from US$50,000 to US$400,000, boosting the maximum number of shares from...
Flowing Cloud Technology Revises Timetable for Rights Issue and Board Lot Change
Oct 5, 2026
Flowing Cloud Technology Ltd., incorporated in the Cayman Islands and listed in Hong Kong under stock code 6610, operates in the technology sector and actively manages its capital structure through share-related corporate actions. Its shares trade...
Flowing Cloud Technology Adjusts Board Lot Size and Delays Rights Issue Circular
Sep 25, 2026
Flowing Cloud Technology Ltd. has proposed changing its trading board lot size on the Hong Kong Stock Exchange from 1,000 to 2,000 shares, aiming to lift the value of each lot above HK$1,000 in line with HKEX guidance and to lessen the impact of m...
Flowing Cloud Technology Further Delays Rights Issue Circular Dispatch
Sep 11, 2026
Flowing Cloud Technology Ltd., a Cayman Islands-incorporated technology company listed in Hong Kong under stock code 6610, is guided by a board that includes both executive and independent non-executive directors. The firm is currently preparing d...
Flowing Cloud Technology Narrows Interim Losses Amid Sharp Revenue Decline
Aug 31, 2026
Flowing Cloud Technology Ltd. reported a sharp year-on-year decline in revenue for the six months ended June 30, 2026, with sales falling 41.4% to RMB223.6 million and gross profit dropping 40% to RMB48.4 million. Despite the weaker top line, the ...
Flowing Cloud Technology Revises Timetable for Major Rights Issue
Aug 25, 2026
Flowing Cloud Technology Ltd. has announced a revised timetable for its proposed rights issue, which will offer shareholders four rights shares for every one share held on the record date on a non-underwritten basis. The updated schedule reflects ...
Flowing Cloud Technology Delays Board Meeting to Finalize Interim Results
Aug 24, 2026
Flowing Cloud Technology Ltd. has postponed a scheduled board meeting originally set for 26 August 2026 to 31 August 2026, citing the need for additional time to finalize its interim results for the six months ended 30 June 2026. The delay also af...
Flowing Cloud Delays Rights Issue Circular and Timetable
Aug 21, 2026
Flowing Cloud Technology Ltd. has announced a further delay in sending to shareholders a circular detailing its proposed rights issue, which offers four rights shares for every one share held on the record date on a non-underwritten basis. The cir...
Flowing Cloud Technology Sets Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
Flowing Cloud Technology Ltd. has scheduled a board meeting for 26 August 2026 in Hong Kong to review and approve the group’s interim financial results for the six months ended 30 June 2026 and to decide on the publication of these figures. ...
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.