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Forgame Holdings Ltd.

Forgame Holdings Ltd.

HHKEX:484
0.65
HKD
+0.07
(+12.17%)
138.14MMarket Cap
Forgame Holdings Ltd.
HKEX:484
(Hong Kong Exchange)

Recent

price

0.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.19
25.13
5.07
3.76
2.64
2.52
0.95
0.68
0.34
1
0.8
0.42
0.58
0.97
- -
Revenue per Share
1.73
-10.1
-0.3
-0.95
-2.89
0.54
-2.09
-1.48
-0.32
0.12
-0.14
-0.12
-0.41
-0.29
- -
Basic EPS, GAAP
1.97
4.97
-0.79
-0.24
-0.62
-0.61
1
-2.52
0.44
-1.17
-0.21
-0.15
-0.18
-0.01
- -
Free Cash Flow per Basic Share
0.72
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.09
11.02
10.96
10.37
7.7
8.07
6.05
4.41
3.93
4.44
4.49
4.12
3.37
2.5
2.5
Book Value per Share
-1.34
10.7
10.33
9.95
7.57
5.33
5.99
4.37
3.81
4.31
4.36
3.89
2.92
2.13
2.13
Tangible Book Value per Share
125
47
127
136
137
138
136
145
156
143
143
143
143
161
159
Basic Weighted Avg Shares
777
1,183
643
512
362
346
129
98
54
142
114
60
83
156
- -
Sales/Revenue/Turnover
36.49
27
-6.17
-14.9
-63.6
1.63
0.67
6.51
-63.92
-12.5
-52.76
-89.07
-76.49
-33.64
- -
Operating Margin (%)
15
28
49
49
35
40
24
51
10
3
22
30
22
22
- -
Depreciation Expense
218
-475
-39
-129
-395
74
-285
-216
-49
18
-20
-18
-59
-47
- -
Net Income, GAAP
16.68
- -
- -
- -
- -
6.15
- -
- -
- -
0.11
- -
- -
- -
- -
- -
Effective Tax Rate (%)
28.02
-40.18
-5.99
-25.25
-109.3
21.37
-220.08
-219.65
-91.99
12.35
-17.62
-29.28
-71.82
-30.34
- -
Profit Margin (%)
218
1,226
1,056
1,165
665
797
745
537
497
487
378
390
341
318
318
Working Capital
451
- -
- -
- -
- -
- -
- -
22
3
4
2
1
1
3
3
LT Debt
-137
1,388
1,401
1,445
1,058
1,181
848
664
612
637
643
590
484
422
422
Total Equity
- -
- -
- -
- -
- -
4.29
- -
- -
- -
2.75
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
7.09
- -
- -
- -
2.82
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
-2.77
-9.1
-31.56
6.83
-29.71
-28.85
-7.58
2.81
-3.14
-2.86
-11.05
-10.43
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
143
168
168
Market Capitalization
109
111
124

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
385
382
345
Cash, Cash Equivalents & STI
311
326
318
Accounts Receivable, Net
7
2
2
Inventories
32
17
7
Total Current Liabilities
44
34
27
Payables & Accruals
- -
- -
- -
ST Debt
2
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-10.69%
-6.82%
-12.98%
Free Cash Flow
-111.61%
-105.17%
-91.92%
Net Income, GAAP
-64.53%
-29.27%
-20.42%
Sales/Revenue/Turnover
5.83%
44.8%
88.38%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
60
2024
- -
- -
83
2025
- -
- -
156

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.12
2024
- -
- -
-0.41
2025
- -
- -
-0.29

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Forgame Holdings Limited, founded in 2009 and headquartered in Shenzhen, China, is a leading technology company specializing in game development, electronic device and semiconductor trading, and financial technology services. The company operates primarily in two business segments: Game Business and Electronic Device and Semiconductor Business. Its core products and services include developing, operating, and publishing web games and mobile games, with a portfolio exceeding one hundred titles such as the "凡人修真" series, "熊出没" series, "Liberators," and "美美小店," catering to a global user base. Forgame's self-operated game distribution platform, 91wan, has amassed over 200 million registered users. The company also provides comprehensive electronic device and semiconductor trading services, focusing on storage components and enterprise-level storage solutions. Additionally, it offers supply chain and financial services centered on the domestic semiconductor industry in China. Forgame is actively expanding its technology offerings into cloud storage solutions for cold data and advancing artificial intelligence applications to enhance product quality and operational efficiency. The company recently completed a strategic acquisition in September 2024, acquiring a 95.08% equity interest in Shenzhen Haihong Microelectronics Technology Co., Limited, a wholesale trader and distributor of electronic components and supply chain service provider, to enhance its semiconductor trading capabilities and supply chain integration. Forgame has also partnered with Meitu to launch the "Meitu Game Box" and initiated the "VR One" program in collaboration with Player No.1 to upgrade its gaming business. The company is focused on leveraging new technologies such as AI and cloud computing to drive sustainable growth and improve its gaming and fintech ecosystems in China and internationally. Forgame is listed on the Hong Kong Stock Exchange under the ticker 0484.HK.