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Beijing Fourth Paradigm Technology Co. Ltd. Class H
(6682)
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Rating:48Neutral
Price Target:
HK$26.00
▼(-9.53% Downside)
Action:Reiterated
Date:07/10/26
The score is mainly held back by persistent cash burn and still-negative operating profitability despite improving losses, plus weak technicals with the price below key longer-term moving averages and negative MACD. A strengthened, lightly levered balance sheet and continued revenue growth provide partial support but are not yet sufficient to outweigh cash-flow and trend risks.
Positive Factors
Sustained Revenue Growth
Continued revenue expansion indicates ongoing enterprise adoption of the company’s AI platforms and solutions. Sustained growth across customer industries can support operating leverage and create a broader installed base for future software and service expansion.
Negative Factors
Persistent Cash Burn
Ongoing negative operating and free cash flow means growth is not yet self-funded. Continued cash consumption can increase dependence on external financing or existing balance-sheet resources, limiting flexibility until recurring operations generate positive cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Continued revenue expansion indicates ongoing enterprise adoption of the company’s AI platforms and solutions. Sustained growth across customer industries can support operating leverage and create a broader installed base for future software and service expansion.
Read all positive factors
Beijing Fourth Paradigm Technology Co. Ltd. Class H (6682) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$16.35B
Dividend YieldN/A
Average Volume (3M)5.08M
Price to Earnings (P/E)84.5
Beta (1Y)1.36
Revenue Growth41.91%
EPS GrowthN/A
CountryHK
Employees541
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.30
Shares Outstanding359,423,400
10 Day Avg. Volume5,922,203
30 Day Avg. Volume5,075,380
Financial Highlights & Ratios
PEG Ratio8.28
Price to Book (P/B)2.63
Price to Sales (P/S)2.77
P/FCF Ratio-22.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$48.61Price Target Upside69.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)HK$10.59B
Beijing Fourth Paradigm Technology Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Phancy Group Co., Ltd. is dedicated to providing platform-centric artificial intelligence (AI) solutions. The company leverages its core technologies to create comprehensive, enterprise-grade AI products that serve a diverse range of industries. T...
How the Company Makes Money
Fourth Paradigm primarily makes money by selling enterprise AI software and related services to organizational customers. Key revenue streams generally include: (1) software and platform offerings: fees from providing its enterprise AI platform an...
Beijing Fourth Paradigm Technology Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.27B | 7.14B | 5.26B | 4.20B | 3.08B | 2.02B |
| Gross Profit | 2.73B | 2.48B | 2.24B | 1.98B | 1.49B | 953.48M |
| EBITDA | 147.17M | -107.19M | -318.20M | -418.66M | -1.06B | -1.24B |
| Net Income | 159.58M | -26.27M | -268.79M | -908.72M | -1.64B | -1.80B |
Balance Sheet | ||||||
| Total Assets | 12.13B | 9.30B | 7.59B | 7.15B | 6.72B | 6.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.01B | 3.21B | 1.89B | 3.03B | 2.66B | 3.85B |
| Total Debt | 1.67B | 213.53M | 28.36M | 154.63M | 144.59M | 54.12M |
| Total Liabilities | 2.99B | 1.79B | 2.52B | 1.69B | 8.18B | 6.70B |
| Stockholders Equity | 9.04B | 7.53B | 5.06B | 5.35B | -1.57B | -351.02M |
Cash Flow | ||||||
| Free Cash Flow | -505.90M | -876.47M | -650.31M | -1.04B | -795.11M | -791.15M |
| Operating Cash Flow | -242.28M | -616.44M | -622.00M | -998.58M | -779.59M | -770.01M |
| Investing Cash Flow | -1.20B | -862.29M | -474.17M | 723.41M | 822.39M | -3.20B |
| Financing Cash Flow | 1.38B | 2.57B | -30.93M | 930.72M | -9.01M | 4.21B |
Beijing Fourth Paradigm Technology Co. Ltd. Class H Technical Analysis
Positive
28.74
Price Trends
27.99
Positive
30.66
Negative
37.26
Negative
Market Momentum
0.18
Negative
55.25
Neutral
79.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6682, the sentiment is Positive. The current price of 28.74 is above the 20-day moving average (MA) of 27.88, above the 50-day MA of 27.99, and below the 200-day MA of 37.26, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 55.25 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6682.
Beijing Fourth Paradigm Technology Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$29.38B | 100.48 | 3.02% | 0.10% | 16.98% | ― | |
56 Neutral | HK$25.13B | -7.40 | -7.08% | ― | 35.32% | 74.56% | |
54 Neutral | HK$3.95B | -17.42 | -2.55% | 1.33% | -2.82% | -152.77% | |
48 Neutral | HK$16.35B | 84.54 | 1.93% | ― | 41.91% | ― | |
47 Neutral | HK$59.25B | 164.51 | 1.09% | ― | 31.42% | ― | |
44 Neutral | HK$69.84B | -47.28 | -9.76% | ― | 45.69% | -140.74% |
* Technology Sector Average
HK:6682
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Beijing Fourth Paradigm Technology Co. Ltd. Class H Corporate Events
Phancy Group Rebrands Online With New AI-Focused Web Domain
Aug 27, 2026
Phancy Group Co., Ltd., a Hong Kong-listed Chinese technology company formerly known as Beijing Fourth Paradigm Technology Co., Ltd., is sharpening its branding around artificial intelligence with a new corporate web domain, phancy.ai. The firm, t...
Phancy Group Calls EGM to Revise Scheme and Refresh Limits
Aug 20, 2026
Phancy Group Co., Ltd. has called an extraordinary general meeting to be held in Shenzhen on September 10, 2026, where shareholders will vote on special resolutions to amend its existing scheme, refresh the scheme limit, and authorize the board or...
Phancy Group Turns Profitable as Explosive API Growth Cements AI Token Leadership
Aug 20, 2026
Phancy Group reported a sharp acceleration in growth for the six months to June 30, 2026, with revenue rising 43.4% year on year to RMB3.77 billion and gross profit up 24.5%. The company achieved a turnaround to profitability, posting net profit a...
Phancy Group unlocks RMB692m via server sale‑leaseback with Huaxia Financial Leasing
Aug 7, 2026
Phancy Group’s wholly owned unit Phancy Beijing has entered into a sale and leaseback agreement with Huaxia Financial Leasing, transferring ownership of servers and accessories for RMB691.875 million while continuing to use the equipment und...
Phancy Group Sets Board Meeting to Approve 2026 Interim Results
Aug 5, 2026
Phancy Group Co., Ltd., formerly Beijing Fourth Paradigm Technology Co., Ltd., is a PRC-incorporated joint stock company listed in Hong Kong under stock code 6682 and managed by a mixed board of executive, non-executive, independent and employee r...
Phancy Group Wins Shareholder Backing for Related-Party Dealings at EGM
Jul 23, 2026
Phancy Group Co., Ltd., a Hong Kong-listed Chinese joint stock company with both H shares and unlisted shares, reported that all directors attended its recent extraordinary general meeting in person or electronically. The group maintains treasury ...
Phancy Group Forecasts Profit Turnaround on Strong Revenue Growth
Jul 21, 2026
Phancy Group Co., Ltd. issued a positive profit alert for the six months ended June 30, 2026, projecting revenue of RMB3.2 billion to RMB4.0 billion, up about 22% to 52% year on year. The company expects profit attributable to owners of RMB90 mill...
Phancy Group Calls EGM to Confirm Three Years of Related Party Deals
Jul 7, 2026
Phancy Group Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong under stock code 6682 and formerly known as Beijing Fourth Paradigm Technology Co., Ltd., has outlined standard corporate governance practices for its H shareholder...
Phancy Group Reshapes Nomination Committee to Bolster Governance
Jul 7, 2026
Phancy Group Co., Ltd. has updated its board committee structure as part of efforts to strengthen corporate governance in line with the Code of Corporate Governance for Listed Companies and Shenzhen Stock Exchange self-regulatory guidelines. The c...
Phancy Group Sets EGM to Confirm Related-Party Deals for ChiNext A-Share Offering
Jul 3, 2026
Phancy Group Co., Ltd. plans to convene an extraordinary general meeting on July 23, 2026 to seek shareholder approval for confirming related-party transactions conducted between January 1, 2023 and March 31, 2026, in line with PRC company and sec...
Phancy Group Wins Shareholder Approval for Shenzhen ChiNext A-Share IPO Plan
Jun 26, 2026
Shareholders of Phancy Group Co., Ltd. overwhelmingly approved a suite of resolutions at an extraordinary general meeting on June 26, 2026, backing the company’s plan to launch an initial public offering of A shares and list on the ChiNext M...
Phancy Group’s RSU Trustee Steps Up H‑Share Purchases Amid Confidence in AI Prospects
Jun 24, 2026
Phancy Group has disclosed that the trustee of its H‑Share restricted share unit scheme has been buying the company’s H shares on the open market, citing management’s view that the current share price undervalues its long‑t...
Phancy Group Buys Back H Shares for RSU Scheme to Bolster AI Talent Strategy
Jun 18, 2026
Phancy Group Co., Ltd. has authorized its independent trustee to buy back H shares on the open market under its H-Share RSU Scheme, citing what it sees as an undervalued share price and confidence in the company’s long-term growth prospects....
Phancy Group Wins Shareholder Backing for Capital Mandates and Governance Changes at 2026 AGM
Jun 16, 2026
Phancy Group Co., Ltd. reported that shareholders approved all ordinary and special resolutions at its annual general meeting held on June 16, 2026, including the 2025 annual report, board and financial reports, profit distribution plan, re-appoin...
Phancy Group Calls EGM to Approve ChiNext A-Share IPO Framework
Jun 10, 2026
Phancy Group Co., Ltd. has called its 2026 second extraordinary general meeting for June 26 in Beijing to seek shareholder approval for a proposed initial public offering of A shares and a listing on the ChiNext Market of the Shenzhen Stock Exchan...
Phancy Group Sets Formal Terms for Board Nomination Committee to Strengthen Governance
Jun 9, 2026
Phancy Group Co., Ltd. has formalized detailed terms of reference for its board-level nomination committee, setting out its role in regulating the selection and appointment of directors and senior management and in optimizing board composition. Th...
Phancy Group Tightens Governance With Expanded Audit Committee Mandate
Jun 9, 2026
Phancy Group Co., Ltd. has formalised detailed terms of reference for its audit committee, a standing body under the board tasked with overseeing financial reporting, internal and external audits and the effectiveness of risk management and intern...
Phancy Group Sets Up Remuneration and Appraisal Committee to Bolster Governance
Jun 9, 2026
Phancy Group Co., Ltd. has established a Remuneration and Appraisal Committee under its board to enhance its remuneration management system and corporate governance framework in line with Chinese company and securities laws and Hong Kong listing r...
Phancy Group Plans ChiNext A-Share IPO and Governance Overhaul
Jun 9, 2026
Phancy Group Co., Ltd., previously Beijing Fourth Paradigm Technology Co., Ltd., is a PRC-based joint stock technology company with limited liability whose shares are listed in Hong Kong. The firm now aims to broaden its investor base and tap dome...
Phancy Group Sets Out Board Line-Up and Governance Committees
Jun 9, 2026
Phancy Group Co., Ltd., formerly Beijing Fourth Paradigm Technology Co., Ltd., has outlined the current composition of its board, which includes executive, non-executive, independent non-executive and an employee representative director, underscor...
Phancy Group Sets June 2026 EGM and Closes H-Share Register
Jun 8, 2026
Phancy Group Co., Ltd., a joint stock company incorporated in the PRC and listed in Hong Kong under stock code 6682, has rebranded from its former name Beijing Fourth Paradigm Technology Co., Ltd. The company issues H shares and is governed by a d...
Phancy Group Moves to Convert Domestic Shares to Hong Kong-Listed H Shares
Jun 2, 2026
Phancy Group Co., Ltd. has approved a plan to convert 53,157,667 domestic unlisted shares, held by its controlling shareholder and other investors, into H shares for trading in Hong Kong. The shares earmarked for conversion represent about 9.52% o...
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.