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MEGAIN Holding (Cayman) Co. Ltd. (6939) AI Stock Analysis
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MEGAIN Holding (Cayman) Co. Ltd.
(HKEX:6939)
The overall score is driven mainly by deteriorated financial performance and cash burn, supported by a soft technical backdrop, while the negative P/E and lack of dividends further weaken the investment case.
MEGAIN Holding (Cayman) Co. Ltd. (6939) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 535.35M
- Dividend Yield
- ―
- Average Volume (3M)
- 310.54K
- Price to Earnings (P/E)
- -4.4
- Beta (1Y)
- 0.21
- Revenue Growth
- 5.37%
- EPS Growth
- -206.61%
- Country
- Hong Kong
- Employees
- 126
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
MEGAIN Holding (Cayman) Co. Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding enterprise, MEGAIN Holding (Cayman) Co., Ltd. primarily focuses on the conceptualization, development, and commercialization of compatible cartridge chips, alongside other semiconductor solutions. Its operations spa...
MEGAIN Holding (Cayman) Co. Ltd. Financial Statement Overview
Summary
Revenue growth is overshadowed by a sharp swing from prior profits to a large loss, weak margins, negative operating and free cash flow, and erosion of shareholders’ equity despite low leverage.
Income Statement
25NegativeBalance Sheet
45NeutralCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.36M | 151.32M | 149.65M | 172.39M | 173.37M | 167.87M |
| Gross Profit | 5.34M | 8.49M | 48.25M | 66.98M | 90.63M | 86.70M |
| EBITDA | -62.25M | -47.29M | 1.34M | 33.47M | 60.44M | 44.88M |
| Net Income | -85.45M | -81.52M | 9.66M | 23.21M | 44.89M | 31.26M |
Balance Sheet | ||||||
| Total Assets | 274.10M | 335.05M | 410.19M | 390.21M | 404.27M | 360.16M |
| Cash, Cash Equivalents and Short-Term Investments | 186.39M | 164.67M | 229.19M | 243.83M | 277.13M | 238.35M |
| Total Debt | 9.54M | 22.93M | 10.62M | 1.88M | 3.97M | 9.08M |
| Total Liabilities | 29.58M | 47.99M | 39.40M | 19.99M | 40.48M | 32.98M |
| Stockholders Equity | 243.79M | 286.32M | 370.79M | 370.22M | 363.79M | 327.18M |
Cash Flow | ||||||
| Free Cash Flow | -23.69M | -38.06M | -8.54M | -19.36M | 49.02M | -6.50M |
| Operating Cash Flow | -10.47M | -17.36M | 10.64M | -9.01M | 55.47M | -4.47M |
| Investing Cash Flow | -14.18M | -8.79M | -21.05M | -64.36M | -2.61M | -5.34M |
| Financing Cash Flow | -15.17M | -697.00K | -1.28M | -21.11M | -18.99M | 126.73M |
MEGAIN Holding (Cayman) Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6939, the sentiment is Negative. The current price of 0.86 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.10, and below the 200-day MA of 1.45, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 27.84 is Positive, neither overbought nor oversold. The STOCH value of 24.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6939.
MEGAIN Holding (Cayman) Co. Ltd. Peers Comparison
Overall Rating
HK:243650Neutral- HK:693941.9Neutral
HK:815939.6Underperform
HK:202838Underperform
HK:333638Underperform
HK:107934Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:2436 | 50Neutral | HKD 9.97B | 264.89 | 3.98% | ― | -4.33% | ― |
| HK:6939 | 42Neutral | HKD 535.35M | -4.43 | -32.24% | ― | 5.37% | -206.61% |
| HK:8159 | 40Underperform | HKD 47.48M | -7.04 | -424.45% | ― | -26.68% | -37.04% |
| HK:2028 | 38Underperform | HKD 1.57B | -22.52 | 88.11% | ― | 3.00% | 6.72% |
| HK:3336 | 38Underperform | HKD 1.65B | -1.35 | -29.05% | ― | -2.67% | -127.19% |
| HK:1079 | 34Underperform | HKD 496.49M | -21.09 | -17.54% | ― | -4.56% | 14.91% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6939 | MEGAIN Holding (Cayman) Co. Ltd. | 0.86 | 0.35 | 68.63% | |
| HK:2028 | Jolimark Holdings | 1.83 | 1.73 | 1694.12% | |
| HK:1079 | Pine Technology Holdings Limited | 0.23 | -0.09 | -28.62% | |
| HK:3336 | Ju Teng International Holdings Limited | 1.96 | 0.16 | 8.61% | |
| HK:8159 | Glory Mark Hi-Tech (Holdings) Ltd | 1.18 | -0.68 | -36.56% | |
| HK:2436 | LX Technology Group Limited | 28.22 | 24.17 | 596.79% |
MEGAIN Holding (Cayman) Co. Ltd. Corporate Events
MEGAIN Holding Wins Independent Shareholder Approval for Key Framework Agreements
Independent shareholders of MEGAIN Holding (Cayman) Co. Ltd. have approved all ordinary resolutions at an extraordinary general meeting held on 5 October 2026 via an e-voting portal. The poll covered independent shareholders representing about 19.92%...
MEGAIN Holding Calls Online EGM to Approve Key Framework Agreements
MEGAIN Holding (Cayman) Co. Ltd. has called an extraordinary general meeting for 5 October 2026, to be held via an online eVoting Portal, to seek shareholder approval for its Purchase Framework Agreement and Supply Framework Agreement, including thei...
MEGAIN Holding’s Interim Loss Widens Despite Modest Revenue Growth
MEGAIN Holding reported revenue of RMB73.20 million for the six months ended 30 June 2026, a modest 3.4% increase from a year earlier, but its interim loss widened to RMB41.10 million, up 6.5% from the prior period. Margin pressure from higher cost o...
MEGAIN Sets Reciprocal Chip Supply and Purchase Deals With Controlling Shareholder Affiliate
MEGAIN Holding (Cayman) Co. Ltd. has signed a Purchase Framework Agreement with Pantum Technology under which the group will buy consumable chips and other chips from Pantum Technology Group from October 2026 to the end of 2028, subject to approval b...
Megain Holding Sets August Board Meeting to Approve Interim Results and Mull Dividend
MEGAIN Holding (Cayman) Co. Ltd. has scheduled a board meeting for 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the publication of these results, along with the potential...
MEGAIN Holding Overhauls Board Leadership and Committee Line-Up
MEGAIN Holding (Cayman) Co. Ltd. has announced a broad reshuffle of its board, effective 13 August 2026, including the resignations of non-executive director Lam Tsz Leung and independent non-executive director Kao Yi-Ping, both stepping down to focu...
MEGAIN Holding Details Board and Committee Structure
MEGAIN Holding (Cayman) Co. Ltd. has announced the current composition of its board of directors, naming Wang Dongjie as chairman, Wang Yuanxue as an executive director, and Cheng Hsien-Wei as deputy chairman alongside other non-executive and indepen...
Geehy’s Mandatory Offer Closes, Lifts Stake in MEGAIN to Majority Control
Geehy International Limited and MEGAIN Holding (Cayman) Co. Ltd. announced the close of an unconditional mandatory cash offer on 12 August 2026, without revision or extension. The offer resulted in Geehy and its concert parties holding approximately...
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 22, 2026