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Qingci Games, Inc.
(6633)
Select Model
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Rating:65Neutral
Price Target:
HK$2.50
▼(-7.75% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed fundamentals: a very strong, low-leverage balance sheet offsets contracting revenue and weak/volatile cash conversion. Technicals add support with price above key moving averages and positive MACD, while valuation is reasonable at a mid-teens P/E but lacks dividend support due to missing yield data.
Positive Factors
Very low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility for continued content investment. Stable assets and equity provide a durable foundation for the business, allowing management to fund opportunities without relying heavily on new borrowing or exposing the company to substantial interest burdens.
Negative Factors
Contracting revenue
The sustained revenue contraction signals weaker top-line momentum and raises questions about the ability of existing titles or distribution efforts to maintain scale. Continued declines could reduce resources available for new content, weaken operating leverage, and make future profitability more dependent on successful releases.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility for continued content investment. Stable assets and equity provide a durable foundation for the business, allowing management to fund opportunities without relying heavily on new borrowing or exposing the company to substantial interest burdens.
Read all positive factors
Qingci Games, Inc. (6633) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.74B
Dividend Yield3.4%
Average Volume (3M)950.00
Price to Earnings (P/E)3.8
Beta (1Y)0.21
Revenue Growth-26.58%
EPS Growth406.66%
CountryHK
Employees444
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.53
Shares Outstanding691,330,500
10 Day Avg. Volume100
30 Day Avg. Volume950
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)1.01
Price to Sales (P/S)4.22
P/FCF Ratio78.24
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)0.19
Revenue Forecast (FY)HK$335.00M
Qingci Games, Inc. Business Overview & Revenue Model
Company Description
Qingci Games Inc. functions as an investment holding company, primarily involved in the creation, release, and ongoing management of mobile games. Its operations span mainland China and extend to international markets. Beyond its in-house publishi...
Qingci Games, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
82
Very Positive
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 378.81M | 456.08M | 627.96M | 905.74M | 630.37M | 1.11B |
| Gross Profit | 204.28M | 261.29M | 363.12M | 557.88M | 422.09M | 812.60M |
| EBITDA | -56.64M | 8.97M | 122.00K | -8.72M | 94.57M | 391.48M |
| Net Income | 367.13M | 121.75M | 51.12M | -37.37M | 50.28M | -368.64M |
Balance Sheet | ||||||
| Total Assets | 2.31B | 2.05B | 1.98B | 2.00B | 1.92B | 1.87B |
| Cash, Cash Equivalents and Short-Term Investments | 1.96B | 1.72B | 1.60B | 1.53B | 1.49B | 1.52B |
| Total Debt | 43.80M | 19.76M | 40.53M | 44.37M | 26.80M | 32.56M |
| Total Liabilities | 142.84M | 151.43M | 174.23M | 255.97M | 157.50M | 222.57M |
| Stockholders Equity | 2.17B | 1.91B | 1.82B | 1.75B | 1.76B | 1.65B |
Cash Flow | ||||||
| Free Cash Flow | -77.58M | 24.60M | 5.13M | -6.80M | -34.60M | 194.02M |
| Operating Cash Flow | -73.20M | 27.69M | 9.38M | -3.22M | -20.19M | 199.94M |
| Investing Cash Flow | 36.61M | -6.95M | -84.32M | -487.07M | -156.76M | -425.10M |
| Financing Cash Flow | 7.28M | -20.04M | -11.61M | 9.92M | -46.18M | 957.43M |
Qingci Games, Inc. Technical Analysis
Negative
2.71
Price Trends
3.07
Negative
2.85
Negative
2.84
Negative
Market Momentum
-0.04
Positive
7.33
Positive
35.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6633, the sentiment is Negative. The current price of 2.71 is below the 20-day moving average (MA) of 3.12, below the 50-day MA of 3.07, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 7.33 is Positive, neither overbought nor oversold. The STOCH value of 35.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6633.
Qingci Games, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.52B | 6.18 | 13.07% | 16.60% | 18.51% | 13.18% | |
65 Neutral | HK$1.74B | 3.84 | 17.98% | 3.40% | -26.58% | 406.66% | |
61 Neutral | HK$774.20M | 5.20 | 9.81% | 5.63% | 0.50% | 101.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | HK$2.51B | 36.07 | 3.71% | 2.31% | 70.60% | ― | |
47 Neutral | HK$573.78M | -0.51 | -38.88% | 2.76% | -30.74% | 64.20% | |
46 Neutral | HK$732.86M | 110.55 | 0.56% | ― | 4.87% | ― |
* Communication Services Sector Average
HK:6633
Qingci Games, Inc.
2.51
-0.88
-25.96%
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Qingci Games, Inc. Corporate Events
Qingci Games Boosts Profit on Higher Monetization Despite Slowing User Growth
Aug 27, 2026
Qingci Games reported interim unaudited results for the six months ended June 30, 2026 that highlight a mixed operating picture for the Hong Kong–listed game developer. While revenue fell 31% year on year to RMB169.7 million and gross profit...
Qingci Games Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 17, 2026
Qingci Games Inc. has scheduled a board meeting for August 27, 2026 to review and approve the interim results for the six months ended June 30, 2026, covering the performance of the company and its subsidiaries. The board will also consider whethe...
Qingci Games Forecasts Profit Surge on Investment Gains Amid Strategic Game Expansion
Aug 3, 2026
Qingci Games Inc. expects a sharp jump in net profit for the first half of 2026, forecasting RMB305 million to RMB335 million versus RMB72.7 million a year earlier, mainly driven by higher fair value gains on short-term investments. This profit su...
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.