Flowing Cloud Technology Ltd.

Flowing Cloud Technology Ltd.

HHKEX:6610
0.77
HKD
-0.03
(-4.35%)
166.44MMarket Cap
Apr 01Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.77
3.74
6.58
13.37
13.75
11.02
7.32
- -
Basic EPS, GAAP
0.46
0.65
0.78
2.97
2.92
-0.48
-3.43
- -
Free Cash Flow per Basic Share
0.22
0.06
0.07
-2.64
-1.24
-1.73
-2.37
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.32
1.97
4.9
13.51
16.04
15.28
8.49
8.49
Tangible Book Value per Share
1.19
1.68
4.58
12.98
14.99
14.18
7.66
7.66
Basic Weighted Avg Shares
91
91
91
80
90
90
107
105
Sales/Revenue/Turnover
251
339
595
1,066
1,245
995
784
- -
Operating Margin (%)
21.04
21.89
20.28
26.47
24.15
-2.38
-31.19
- -
Depreciation Expense
6
7
14
23
36
43
64
- -
Net Income, GAAP
42
59
70
237
264
-44
-367
- -
Effective Tax Rate (%)
13.38
14.38
17.7
4.27
2.85
- -
- -
- -
Profit Margin (%)
16.69
17.39
11.79
22.21
21.2
-4.39
-46.83
- -
Working Capital
106
151
409
978
1,225
1,195
965
965
LT Debt
- -
- -
3
2
1
- -
2
2
Total Equity
119
179
447
1,225
1,452
1,383
1,109
1,109
Return on Invested Capital (%)
- -
32.22
24.22
28.51
17.84
- -
- -
- -
Return on Capital (%)
- -
33.27
20.37
26.88
18.77
- -
- -
- -
Return on Common Equity (%)
- -
39.62
22.58
28.41
19.75
-3.09
-29.55
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
90
97
115
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
108
130
Market Capitalization
552
489
150

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,568
1,530
1,422
Cash, Cash Equivalents & STI
162
21
62
Accounts Receivable, Net
642
781
695
Inventories
- -
- -
- -
Total Current Liabilities
374
417
457
Payables & Accruals
- -
- -
- -
ST Debt
90
97
115
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
63.44%
-19.84%
Free Cash Flow
- -
-627.52%
62.3%
Net Income, GAAP
- -
178.27%
739.98%
Sales/Revenue/Turnover
- -
26.08%
-21.24%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,245
2024
- -
- -
995
2025
- -
- -
784

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2.92
2024
- -
- -
-0.48
2025
- -
- -
-3.43

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Lei Wang
Full Time Employees
172
Sector
Technology services
Industry
Information technology services
Address
Shop 8, Jingyuan Art Center Beijing BE China
IPO Date
Oct 18, 2022
Business
Flowing Cloud Technology Ltd (6610.HK) is an investment holding company that, through its subsidiaries, provides augmented reality/virtual reality (AR/VR) marketing, content, and related services primarily in the People's Republic of China and Hong Kong. The company offers core products and services including AR/VR/mixed reality (MR) technologies integrated with artificial intelligence (AI) and big data analytics; a SaaS platform for online AR/VR interactive content design, development, and distribution supporting exhibitions, live-streaming, marketing campaigns, and content creation; AI virtual humans with anthropomorphism, perception, expression, and cognitive capabilities for applications in entertainment, media, finance, education, and other sectors; hardware solutions such as hologram boxes, VR360 devices, and interactive touch tables; and industry-specific solutions encompassing cultural tourism, education, industrial applications, enterprise services, digital humans, full-stack XR systems, and online IP-themed exhibition halls. It targets small and medium-sized enterprises in e-commerce, education, cultural tourism, real estate, entertainment, gaming, and industrial manufacturing sectors, with operations focused on accelerating digital transformation via metaverse, XR content, virtual live streaming, AIGC tools like image/video processing and 3D modeling, and smart hardware for innovative interactions. Founded in 2008 and headquartered at Shop 8, Jingyuan Art Center, No. 3 Guangqu Road, Chaoyang District, Beijing, China, the company listed on the Hong Kong Stock Exchange in October 2022 via IPO. Recent developments include a proposed 20-to-1 share consolidation approved at an extraordinary general meeting on December 3, 2025 to optimize capital structure; a September 2025 placement of up to 433.4 million shares raising approximately HK$75 million for traffic acquisition, R&D in algorithms, data analytics, digital humans, AI, motion capture, and XR technologies, following a similar May 2025 placement of 361 million shares yielding HK$71 million; formation of an investment committee to enhance returns; and strategic expansions into international AR/VR marketing, C-end XR content like short dramas on WeChat mini-programs, AI arithmetic centers via local government and enterprise partnerships, metaverse industry funds targeting AR/VR startups and AIGC, and Web3.0 integrations with Layer 2, DeFi, NFT, and blockchain gaming.