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1039.HK — HKEX Online Services

1039.Hk

HK$0,05
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Mcap
90,5M HKD
P/E
—
EV / Rev
—
Div yield
—
Op margin
5,6 %
ROE
-7,3 %
Net margin
-8,4 %
Debt / equity
0,80
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
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Open
—
Next earnings
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Ex-dividend
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TR 1Y
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About

The company operates in the online services sector, providing digital solutions and services to its clients, primarily generating revenue through service fees and subscription models.

Business. The company operates in the online services sector, providing digital solutions and services to its clients, primarily generating revenue through service fees and subscription models.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryOnline Services
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
55
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-7,3 %
return on equity
Quality→
57
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 1039.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 1039.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score55 / 100
    Composite score 0-100 · Data quality 0,57
    Data quality0,57 / 1.00

    Synthesis

    Business

    The company operates in the online services sector, providing digital solutions and services to its clients, primarily generating revenue through service fees and subscription models.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustryOnline Services
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a market price of 0.06 CNY per share and a market cap of 108,657,196.32 CNY, with a price-to-book ratio of 0.49 and a debt-to-equity ratio of 0.8. The company's liquidity is assessed as medium, with a current ratio of 1.08, indicating a moderate ability to meet short-term obligations. However, the company's free cash flow is negative at -8,875,000 CNY, suggesting a need for external financing to support operations.

    Profitability metrics show a return on equity of -7.33% and a return on assets of -10.81%, both significantly below the industry median, indicating poor performance relative to peers. The company's operating income of 10,686,000 CNY is modest compared to its revenue of 192,085,000 CNY, with a gross profit margin of 22.83%. These figures suggest that the company is struggling to convert revenue into profit effectively.

    The company's geographic and segment exposure is not explicitly detailed in the available data, but the revenue concentration is not specified, making it difficult to assess the risk associated with over-reliance on a single market or product line. The company's capital expenditure of -255,000 CNY indicates minimal investment in long-term assets, which may affect its ability to scale operations.

    The company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year. The company's net income is negative at -16,084,000 CNY, indicating a loss, which may impact its ability to grow without external funding. The company's operating cash flow of 32,082,000 CNY provides some liquidity, but it is not sufficient to cover the net loss.

    The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests potential liquidity constraints. The company's dilution potential is low, with no significant adjustments applied to the valuation metrics. The company's financial health is further complicated by its negative net income and the need to manage its debt load effectively.

    Recent events and filings do not provide specific details on the company's strategic initiatives or operational changes. The company's financial performance and risk profile suggest a need for careful monitoring of its liquidity and profitability metrics to ensure long-term sustainability.

    Key takeaways
    • The company has a negative net income and a low return on equity, indicating poor profitability.
    • The company's liquidity is moderate, with a current ratio of 1.08 and a negative free cash flow.
    • The company's debt-to-equity ratio is 0.8, suggesting a moderate level of leverage.
    • The company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year.
    • The company's risk assessment indicates a medium liquidity risk and a low dilution risk.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,05
    Market cap
    HK$108.7M
    Enterprise valueⓘ
    HK$284.1M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    8.8x
    P / Bⓘ
    0.5x
    P / Tangible bookⓘ
    0.5x
    Tangible book
    HK$219.5M
    Net cashⓘ
    -HK$175.4M
    Current ratioⓘ
    1.1
    Debt / equityⓘ
    0.8
    ROAⓘ
    -10.8%
    ROEⓘ
    -7.3%
    Cash conversionⓘ
    -199.0%
    CapEx / revenueⓘ
    -0.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin5,6 %Above median
    Net Margin-8,4 %Below median
    ROE-7,3 %Bottom quartile
    Capex / Rev-0,1 %Above P75
    D/E0,80Bottom quartile
    Cash Conv-1,99Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • 1039.HK Market data — financials · 2026-05-26
    • Changyou International Group Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Leadership

    • Jerome ChengExecutive Chairman of the Board

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1039.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage