GoAI
Get started
Flowing Cloud Technology Ltd logo

Flowing Cloud Technology Ltd

6610.HK

HKSETechnologySoftware - Application

Open in GoAI

Latest quote

HK$0.80

+HK$0.05 · +6.67%

Aug 24, 11:51 AM HKT

6610.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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, AI behavioral algorithms, and cloud computing. These solutions are tailored to assist small and medium-sized enterprises (SMEs) across various sectors like e-commerce, education, and cultural tourism. Founded in Beijing, China, in 2008, the company is headquartered there.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Lei Wang
Listed since
Oct 18, 2022
Employees
99

Market position

Day range

Current HK$0.80

52-week range

Current HK$0.80

Open
HK$0.75
Previous close
HK$0.75
Volume
72K
0.49× average
Average volume
148.39K
Average daily volume
Market cap
104.02M HKD
Beta
2.93
Market reference 1
50-day average
HK$0.7735
+3.43% above average
200-day average
HK$1.3503
-40.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
178.17M CNY
P/E (TTM)
-0.21×
P/B (TTM)
0.07×
P/S (TTM)
0.11×
EV / EBITDA
-0.53×
Earnings yield
-298.25%
Free cash flow yield
-161.19%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.43%
Operating margin
-46.18%
Net margin
-46.83%
Return on equity
-33.23%
Return on assets
-23.31%
Return on invested capital
-29.36%

Financial health

Debt / equity
0.11×
Current ratio
3.11×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%11%-22%-55%Gross margin, FY2021: 29.48%Gross margin, FY2022: 35.08%Gross margin, FY2023: 33.80%Gross margin, FY2024: 20.10%Gross margin, FY2025: 19.43%Operating margin, FY2021: 20.04%Operating margin, FY2022: 25.85%Operating margin, FY2023: 21.73%Operating margin, FY2024: -4.13%Operating margin, FY2025: -46.18%Net margin, FY2021: 11.79%Net margin, FY2022: 22.21%Net margin, FY2023: 21.20%Net margin, FY2024: -4.39%Net margin, FY2025: -46.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.48%. Gross margin FY2022 35.08%. Gross margin FY2023 33.80%. Gross margin FY2024 20.10%. Gross margin FY2025 19.43%. Operating margin FY2021 20.04%. Operating margin FY2022 25.85%. Operating margin FY2023 21.73%. Operating margin FY2024 -4.13%. Operating margin FY2025 -46.18%. Net margin FY2021 11.79%. Net margin FY2022 22.21%. Net margin FY2023 21.20%. Net margin FY2024 -4.39%. Net margin FY2025 -46.83%.

Income trends

Revenue

783.9M CNY-21.24%

Operating income

−361.99M CNY-780.10%

Net income

−367.09M CNY-739.98%
Income trends across reported periods1.41B CNY761.18M CNY116.46M CNY−528.27M CNYRevenue, FY2021: 595.29M CNYRevenue, FY2022: 1.07B CNYRevenue, FY2023: 1.24B CNYRevenue, FY2024: 995.35M CNYRevenue, FY2025: 783.9M CNYOperating income, FY2021: 119.28M CNYOperating income, FY2022: 275.57M CNYOperating income, FY2023: 270.47M CNYOperating income, FY2024: −41.13M CNYOperating income, FY2025: −361.99M CNYNet income, FY2021: 70.2M CNYNet income, FY2022: 236.75M CNYNet income, FY2023: 263.94M CNYNet income, FY2024: −43.7M CNYNet income, FY2025: −367.09M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 595.29M CNY. Revenue FY2022 1.07B CNY. Revenue FY2023 1.24B CNY. Revenue FY2024 995.35M CNY. Revenue FY2025 783.9M CNY. Operating income FY2021 119.28M CNY. Operating income FY2022 275.57M CNY. Operating income FY2023 270.47M CNY. Operating income FY2024 −41.13M CNY. Operating income FY2025 −361.99M CNY. Net income FY2021 70.2M CNY. Net income FY2022 236.75M CNY. Net income FY2023 263.94M CNY. Net income FY2024 −43.7M CNY. Net income FY2025 −367.09M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue783.9M CNY995.35M CNY1.24B CNY1.07B CNY595.29M CNY
Cost of goods sold631.59M CNY795.31M CNY824.01M CNY692.16M CNY419.77M CNY
Gross profit152.32M CNY200.04M CNY420.72M CNY374M CNY175.52M CNY
Research and development229.79M CNY84.29M CNY51.18M CNY48.47M CNY21.7M CNY
Selling, general, and administrative167.06M CNY139.44M CNY68.89M CNY46.79M CNY27.06M CNY
Operating expenses514.31M CNY241.17M CNY150.24M CNY91.8M CNY56.23M CNY
Interest income——2.51M CNY709K CNY828K CNY
Interest expense3.8M CNY6.41M CNY4.83M CNY3.26M CNY2.36M CNY
Depreciation and amortization24.46M CNY22.29M CNY22.29M CNY16.96M CNY11.39M CNY
Operating income−361.99M CNY−41.13M CNY270.47M CNY275.57M CNY119.28M CNY
Net income−367.09M CNY−43.7M CNY263.94M CNY236.75M CNY70.2M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-1.43

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.930.08-0.76-1.61Q3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26EstimateQ3 '26Estimate
Q3 2023, reported Aug 28, 2023: actual 0.694, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.381, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.752, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.696, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -1.43, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual —, estimate -0.072, surprise —, Comparison unavailable. Q3 2026, reported Aug 26, 2026: actual —, estimate -1.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates503.59M396.14M288.68M181.22MQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26EstimateQ3 '26Estimate
Q3 2023, reported Aug 28, 2023: actual 430.18M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 242.35M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 481.36M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 203.45M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 417.84M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual —, estimate 417.77M HKD, surprise —, Comparison unavailable. Q3 2026, reported Aug 26, 2026: actual —, estimate 417.5M HKD, surprise —, Comparison unavailable.

6610.HK peers

Xiaomi Corporation logo

1810.HK

Xiaomi Corporation

HK$27.82

-4.14%

Semiconductor Manufacturing International Corporation logo

0981.HK

Semiconductor Manufacturing International Corporation

HK$67.65

-6.69%

Xiaomi Corporation logo

81810.HK

Xiaomi Corporation

CN¥24.02

-3.30%

NetEase, Inc. logo

9999.HK

NetEase, Inc.

HK$193.5

-4.21%

Z.AI Co. Ltd. logo

2513.HK

Z.AI Co. Ltd.

HK$1,034

-8.41%

Gigadevice logo

3986.HK

Gigadevice

HK$472.4

-6.08%

Continue in GoAI

Research 6610.HK

research.disclaimer