360 Ludashi Holdings Limited

360 Ludashi Holdings Limited

HHKEX:3601
0.45
HKD
-0.01
(-2.17%)
228.65MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.27
0.47
1.23
1.88
1.29
1.26
1.33
2.94
4.89
4.06
- -
Basic EPS, GAAP
0.12
0.2
0.28
0.49
0.27
0.2
0.22
0.16
0.13
0.1
- -
Free Cash Flow per Basic Share
0.11
0.2
0.15
0.23
0.41
0.32
0.29
0.19
-0.31
0.1
- -
Dividend per Share
- -
- -
- -
- -
0.09
- -
- -
- -
- -
0.09
- -
Book Value per Share
0.28
0.52
0.79
1.63
1.8
2.01
2.23
2.38
2.51
2.52
2.51
Tangible Book Value per Share
0.26
0.5
0.78
1.62
1.79
1.99
2.21
2.37
2.5
2.51
2.5
Basic Weighted Avg Shares
260
260
260
215
269
269
269
269
269
269
269
Sales/Revenue/Turnover
70
123
320
404
348
338
359
791
1,315
1,091
- -
Operating Margin (%)
45.8
53.44
26.88
25.68
27.74
20.85
19.6
6.19
2.85
2.96
- -
Depreciation Expense
2
2
3
5
7
6
6
6
5
4
- -
Net Income, GAAP
32
53
72
105
73
55
60
43
35
26
- -
Effective Tax Rate (%)
3.35
14.13
17.45
11.04
11.25
9.49
9.07
11.35
7.64
27.48
- -
Profit Margin (%)
45.41
43.38
22.45
25.88
20.89
16.29
16.84
5.39
2.65
2.39
- -
Working Capital
63
137
230
417
438
515
555
587
619
631
619
LT Debt
1
1
1
3
4
1
1
3
2
- -
2
Total Equity
72
144
220
441
492
545
601
643
677
675
677
Return on Invested Capital (%)
- -
48.98
38.35
27.12
16.39
10.88
8.53
6.61
4.89
3.42
- -
Return on Capital (%)
- -
46.02
36.39
30.6
14.48
10.04
9.64
6.09
5.53
4.27
- -
Return on Common Equity (%)
- -
51.61
42.43
32.56
15.74
10.74
10.63
6.88
5.3
3.86
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
2
2
3
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
269
269
269
Market Capitalization
208
198
215

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
704
732
724
Cash, Cash Equivalents & STI
584
428
485
Accounts Receivable, Net
78
234
157
Inventories
- -
1
- -
Total Current Liabilities
117
127
105
Payables & Accruals
- -
- -
- -
ST Debt
2
2
3
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.61%
-0.19%
Free Cash Flow
- -
-91.02%
-132.04%
Net Income, GAAP
- -
-17.44%
-25.21%
Sales/Revenue/Turnover
- -
34.58%
-17.01%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
791
2024
- -
- -
1,315
2025
- -
- -
1,091

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.16
2024
- -
- -
0.13
2025
- -
- -
0.1

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.09

Company Description

CEO
Ye Tian
Full Time Employees
203
Sector
Commercial services
Industry
Advertising/Marketing services
Address
11-24 Tianfu Software Site E1 Chengdu SI China 610041
IPO Date
Oct 10, 2019
Business
360 Ludashi Holdings Limited is an investment holding company primarily engaged in online traffic monetization through online advertising services, online game platforms, and operation of exclusive licensed online games; electronic devices sales including smart accessories; and development of PC and mobile utility software offered free to users in exchange for traffic monetized via advertising and games. The company, founded in 2014 and headquartered in Chengdu, People's Republic of China, operates principally in the PRC with international reach in overseas markets through localized mobile utility products and game distribution. Its flagship Ludashi Software specializes in PC and smartphone hardware benchmarking, system monitoring, and optimization tools such as AI intelligent cleaning, privacy protection, graphics card 3D benchmarking, in-game monitoring, AI office assistants, and features like disk management, eye protection screens, and smart anti-lag; additional products include Ludashi AiNAS for remote file access and cloud storage, Desktop Monitoring Pro, Win11 Update Assistant, Game Library, AI mobile benchmarking, and car evaluation tools via Ludashi Hardware Laboratory assessing intelligent driving systems and range for new energy vehicles. The company serves consumers, gamers, e-commerce merchants, and industries like e-sports, IT operations, and electric vehicles through online channels, live streaming traffic placement, and partnerships with brands. In recent developments, the Group acquired 80% equity interest in Tianjin Qiyu Network Technology in May 2023 to bolster exclusive licensed online games; launched Kung Fu Panda: Dragon Warrior for testing in Australia, Southeast Asia, Hong Kong, and mainland China with full rollout planned for Q4 2025; introduced Ludashi AiNAS and wireless data cable hardware in 2024 with paid subscription enhancements and overseas expansion; expanded e-commerce for mobile devices generating RMB381.8 million in 2024 revenue via precise traffic services on domestic platforms and into overseas markets; integrated AI across PC software for intelligent features like cooling, context menus, and benchmarking; grew overseas mobile utility portfolio to over 20 products with top-10 app store rankings; and consolidated hardware lab partnerships with electric vehicle brands while releasing industry reports, driving 66.4% revenue growth to RMB1,315.1 million in 2024 despite profitability pressures from maturing games and market caution.