Changyou International Group Limited

Changyou International Group Limited

HHKEX:1039
0.06
HKD
+0.00
(+5.08%)
106.85MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.54
0.42
0.12
0.25
0.09
0.03
0.11
0.15
0.06
0.12
0.13
0.1
0.11
- -
Basic EPS, GAAP
-0.26
-0.52
-0.42
-0.12
-0.04
-0.04
-0.04
- -
-0.03
-0.02
-0.02
-0.01
-0.01
- -
Free Cash Flow per Basic Share
0.01
0.04
-0.08
-0.07
-0.09
-0.14
-0.07
-0.06
-0.06
- -
- -
-0.01
0.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.07
0.54
0.06
0.1
0.22
0.19
0.17
0.2
0.17
0.15
0.13
0.13
0.12
0.13
Tangible Book Value per Share
0.74
0.44
- -
0.05
0.22
0.19
0.17
0.2
0.17
0.15
0.13
0.13
0.12
0.13
Basic Weighted Avg Shares
800
797
1,365
1,534
1,818
1,812
1,811
1,811
1,811
1,811
1,811
1,811
1,811
1,811
Sales/Revenue/Turnover
430
337
170
385
168
51
204
269
114
215
227
181
192
- -
Operating Margin (%)
-9.78
-27.68
-186.76
-35.79
-132.63
-502.48
-76.53
-39.09
-89.71
-10.48
-1.99
-1.79
3.7
- -
Depreciation Expense
45
43
30
27
17
3
11
12
9
3
3
3
1
- -
Net Income, GAAP
-208
-412
-574
-177
-66
-69
-78
-2
-49
-35
-38
-20
-16
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-48.45
-122.18
-336.93
-45.82
-39.62
-135.68
-38.36
-0.61
-43.31
-16.15
-16.57
-10.8
-8.37
- -
Working Capital
83
153
60
-138
409
80
81
136
46
-119
-156
-54
11
-54
LT Debt
- -
- -
209
- -
85
- -
1
87
113
3
1
108
175
108
Total Equity
872
433
72
87
332
90
89
62
-62
-116
-153
-154
-161
-154
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-21.75
-63.99
-217.79
-131.37
-23.34
-18.69
-23.96
-0.49
-14.72
-11.92
-14.84
-8.35
-7.11
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
168
2
58
LT Borrowings
- -
156
108
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,811
1,811
1,811
Market Capitalization
214
236
100

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
146
130
131
Cash, Cash Equivalents & STI
26
13
8
Accounts Receivable, Net
10
6
14
Inventories
- -
- -
- -
Total Current Liabilities
302
126
185
Payables & Accruals
- -
- -
- -
ST Debt
168
2
58
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.41%
-15.23%
4.56%
Free Cash Flow
-90.13%
-187.85%
-269.64%
Net Income, GAAP
259.5%
561.42%
-17.59%
Sales/Revenue/Turnover
35.45%
4.44%
6.3%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
227
2024
- -
- -
181
2025
- -
- -
192

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.02
2024
- -
- -
-0.01
2025
- -
- -
-0.01

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Jerome Cheng
Full Time Employees
49
Sector
Technology services
Industry
Packaged software
Address
Office Room 45, Unit 405-414, Level 4 Hong Kong Hong Kong Pok Fu Lam
IPO Date
Sep 24, 2010
Business
Changyou International Group Limited Changyou International Group Limited (1039.HK), formerly Changyou Alliance Group Limited, principally develops and operates an electronic trading platform that promotes and facilitates the exchange of awards earned from loyalty programs of other companies into virtual assets and credits for consumption of merchandises, games, services, and other commercial transactions; it also provides blockchain technology research and development services, SaaS digital points solutions for online and offline merchants, marketing services for banks, insurance companies and UnionPay, and valet operations supporting small and micro-merchants. The company maintains two major business sectors, including the Digital Point Business Ecosystem Alliance, a virtual asset management operating platform equipped with internet digital financial inclusion and financial blockchain technology, and research into standard software products and systematic solutions for blockchain applications leveraging commercial scenarios from its ecosystem. Founded in 2001 and headquartered in Pok Fu Lam, Hong Kong, the company primarily conducts operations in the People's Republic of China, with strategic partners encompassing CCB International (Holdings) Limited, China UnionPay Merchant Services Co., Ltd., China Mobile, Bank of China, and China Eastern Airlines; it targets manufacturing, retailing, and financial sectors, serving individual customers and enterprises through an integrated ecosystem that maximizes digital points value, supports payment tools connectivity without direct merchant contact, and fosters user retention via communities offering promotions such as petrol and car washing services. In November 2024, the company changed its name from Changyou Alliance Group Limited to Changyou International Group Limited to align with expansion plans for its Changyou Platform into Hong Kong and overseas markets, capitalizing on its e-commerce experience and the growing digital points segment; recent initiatives include updates to SaaS digital points processes for modular merchant access, introduction of artificial intelligence customer service and a money-saving assistant in Changyou Life, enhanced Changyou community building for advertising and new user acquisition via UnionPay and bank credit cards, and a January 2024 subscription agreement with Century Investment, alongside ongoing collaborations with mainstream platforms across industry verticals to boost transactions and revenue.