GoAI
Get started
Archosaur Games Inc. logo

Archosaur Games Inc.

9990.HK

HKSETechnologyElectronic Gaming & Multimedia

Open in GoAI

Latest quote

HK$1.82

−HK$0.08 · -4.21%

Aug 24, 1:56 PM HKTData delayed

9990.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Archosaur Games Inc. operates as an investment holding entity primarily engaged in the creation and management of mobile games, serving both the domestic market in Mainland China and international audiences. The enterprise's core expertise lies in developing titles across diverse categories, including massively multiplayer online role-playing (MMORPGs), simulation games, female-oriented experiences, shooting games, and strategic card games, among others. Founded in 1997, its corporate headquarters are situated in Beijing, People's Republic of China.

Industry
Electronic Gaming & Multimedia
Sector
Technology
Headquarters
CN
CEO
Qing Li
Listed since
Jul 15, 2020
Employees
1,086

Market position

Day range

Current HK$1.82

52-week range

Current HK$1.82

Open
HK$1.83
Previous close
HK$1.90
Volume
80K
0.12× average
Average volume
642.46K
Average daily volume
Market cap
1.46B HKD
Beta
1.29
Market reference 1
50-day average
HK$1.9585
-7.07% below average
200-day average
HK$1.7883
+1.77% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
910.77M CNY
P/E (TTM)
-12.9×
P/B (TTM)
0.66×
P/S (TTM)
0.98×
EV / EBITDA
-6.52×
Earnings yield
-3.46%
Free cash flow yield
-6.89%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
70.81%
Operating margin
-16.93%
Net margin
-7.29%
Return on equity
-1.82%
Return on assets
-1.38%
Return on invested capital
-4.24%

Financial health

Debt / equity
0.06×
Current ratio
3.7×
Altman Z-score
0.2
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends98%15%-69%-153%Gross margin, FY2021: 77.49%Gross margin, FY2022: 72.52%Gross margin, FY2023: 71.59%Gross margin, FY2024: 72.39%Gross margin, FY2025: 70.92%Operating margin, FY2021: -31.43%Operating margin, FY2022: -132.07%Operating margin, FY2023: -39.30%Operating margin, FY2024: -29.92%Operating margin, FY2025: -6.98%Net margin, FY2021: -32.94%Net margin, FY2022: -131.57%Net margin, FY2023: -34.73%Net margin, FY2024: -25.17%Net margin, FY2025: -2.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.49%. Gross margin FY2022 72.52%. Gross margin FY2023 71.59%. Gross margin FY2024 72.39%. Gross margin FY2025 70.92%. Operating margin FY2021 -31.43%. Operating margin FY2022 -132.07%. Operating margin FY2023 -39.30%. Operating margin FY2024 -29.92%. Operating margin FY2025 -6.98%. Net margin FY2021 -32.94%. Net margin FY2022 -131.57%. Net margin FY2023 -34.73%. Net margin FY2024 -25.17%. Net margin FY2025 -2.81%.

Income trends

Revenue

1.3B CNY+14.31%

Operating income

−91.11M CNY+73.31%

Net income

−36.71M CNY+87.22%
Income trends across reported periods1.51B CNY681.66M CNY−148.68M CNY−979.02M CNYRevenue, FY2021: 920.83M CNYRevenue, FY2022: 584.12M CNYRevenue, FY2023: 908.49M CNYRevenue, FY2024: 1.14B CNYRevenue, FY2025: 1.3B CNYOperating income, FY2021: −289.43M CNYOperating income, FY2022: −771.44M CNYOperating income, FY2023: −357.03M CNYOperating income, FY2024: −341.4M CNYOperating income, FY2025: −91.11M CNYNet income, FY2021: −303.33M CNYNet income, FY2022: −768.55M CNYNet income, FY2023: −315.56M CNYNet income, FY2024: −287.25M CNYNet income, FY2025: −36.71M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 920.83M CNY. Revenue FY2022 584.12M CNY. Revenue FY2023 908.49M CNY. Revenue FY2024 1.14B CNY. Revenue FY2025 1.3B CNY. Operating income FY2021 −289.43M CNY. Operating income FY2022 −771.44M CNY. Operating income FY2023 −357.03M CNY. Operating income FY2024 −341.4M CNY. Operating income FY2025 −91.11M CNY. Net income FY2021 −303.33M CNY. Net income FY2022 −768.55M CNY. Net income FY2023 −315.56M CNY. Net income FY2024 −287.25M CNY. Net income FY2025 −36.71M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.3B CNY1.14B CNY908.49M CNY584.12M CNY920.83M CNY
Cost of goods sold379.29M CNY315.08M CNY258.08M CNY160.5M CNY207.3M CNY
Gross profit925.12M CNY826M CNY650.41M CNY423.62M CNY713.53M CNY
Research and development533.38M CNY532.07M CNY582.21M CNY746.36M CNY705.63M CNY
Selling, general, and administrative549.26M CNY665.95M CNY379.59M CNY388.95M CNY345.12M CNY
Operating expenses1.02B CNY1.17B CNY1.01B CNY1.2B CNY1B CNY
Interest income51.73M CNY58.46M CNY51.56M CNY23.52M CNY22.11M CNY
Interest expense2.57M CNY2.45M CNY3.73M CNY5.83M CNY7.37M CNY
Depreciation and amortization16.85M CNY51.09M CNY58.84M CNY64.48M CNY59.46M CNY
Operating income−91.11M CNY−341.4M CNY−357.03M CNY−771.44M CNY−289.43M CNY
Net income−36.71M CNY−287.25M CNY−315.56M CNY−768.55M CNY−303.33M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
1 beat, 0 misses, 0 met estimates
Average EPS surprise
+58.09%
1 comparable report
Latest EPS result
-0.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.01-0.24-0.47-0.7Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 24, 2023: actual -0.645, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual -0.324, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual -0.189, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0.183, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual -0.213, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual -0.011, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual -0.039, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 19, 2026: actual -0.104, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.19B873.28M558.84M244.4MQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26Beat
Q1 2023, reported Mar 24, 2023: actual 287.53M HKD, estimate 335.08M HKD, surprise -14.19%, Miss. Q3 2023, reported Aug 25, 2023: actual 434.7M HKD, estimate 697.03M HKD, surprise -37.63%, Miss. Q1 2024, reported Mar 22, 2024: actual 556.67M HKD, estimate 1.12B HKD, surprise -50.34%, Miss. Q3 2024, reported Aug 23, 2024: actual 472.14M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 746.41M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 695.14M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 745.43M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 19, 2026: actual 702.4M HKD, estimate 693.24M HKD, surprise +1.32%, Beat.

9990.HK peers

Xiaomi Corporation logo

1810.HK

Xiaomi Corporation

HK$27.74

-4.41%

Semiconductor Manufacturing International Corporation logo

0981.HK

Semiconductor Manufacturing International Corporation

HK$67.30

-7.17%

NetEase, Inc. logo

9999.HK

NetEase, Inc.

HK$193.5

-4.21%

Xiaomi Corporation logo

81810.HK

Xiaomi Corporation

CN¥23.94

-3.62%

Z.AI Co. Ltd. logo

2513.HK

Z.AI Co. Ltd.

HK$1,027

-9.03%

Gigadevice logo

3986.HK

Gigadevice

HK$470.2

-6.52%

ETFs holding 9990.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
36.77K
Weight
—
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%

Continue in GoAI

Research 9990.HK

research.disclaimer