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HKG/9899 (HKG/9899)

Hong Kong Stock Exchange: HKG/9899 · HKD

HK$86.1

-0.90 (-1.0%)· Recorded snapshot

Market cap	18.1B
Revenue (ttm)	9.1B
Net income (ttm)	1.9B
EPS (ttm)	HK$9.10
Shares out	210.3M
P/E (trailing)	9.5x
P/E (forward)	8.5x
Volume	393,790
Beta	1.10

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	HKD
Country	Cayman Islands
Country code	HK
Earnings date	2026-11-13
Employees	1,239
Enterprise value	HKD 2.9B
Exchange	Hong Kong Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Internet Content & Information
Is primary listing	Yes
ISIN number	KYG2215N1097
Last earnings date	2026-08-20
Last refreshed	2026-10-28
Market cap	HKD 18.1B
Next earnings date	2026-11-13
Price	HKD 86.05
Price currency	HKD
Sector	Communication Services
SIC code	7370
Stock price date	2026-10-28
Symbol	hkg/9899
Website	https://ir.music.163.com

Metric

Value

Amount currency

HKD

Country

Cayman Islands

Country code

Earnings date

2026-11-13

Employees

1,239

Enterprise value

HKD 2.9B

Exchange

Hong Kong Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1999

Industry

Internet Content & Information

Is primary listing

Yes

ISIN number

KYG2215N1097

Last earnings date

2026-08-20

Last refreshed

2026-10-28

Market cap

HKD 18.1B

Next earnings date

2026-11-13

Price

HKD 86.05

Price currency

HKD

Sector

Communication Services

SIC code

7370

Stock price date

2026-10-28

Symbol

hkg/9899

Website

https://ir.music.163.com

Metric	Value
Average P/E ratio (3Y)	17.52x
Average P/E ratio (5Y)	30.69x
Earnings yield	10.57%
EV/Earnings	1.52x
EV/EBIT	1.69x
EV/EBITDA	1.68x
EV/FCF	1.65x
EV/Sales	0.32x
FCF / EV yield	60.55%
FCF yield	9.84%
Forward P/E	8.5x
Graham number	119.20323
Graham upside	38.53%
Industry forward P/E	11.46x
Industry P/E	13.42x
Lynch fair value	HKD 227.49
Lynch upside	164.37%
P/(FCF - SBC) ratio	10.96x
P/(OCF - SBC) ratio	10.91x
P/B ratio	1.24x
P/E ratio	9.46x
P/FCF ratio	10.16x
P/OCF ratio	10.12x
P/S ratio	1.99x
Price / tangible book value	1.24x
Price/EBITDA ratio	10.29x
Sector forward P/E	11.69x
Sector P/E	13.44x

Metric

Value

Average P/E ratio (3Y)

17.52x

Average P/E ratio (5Y)

30.69x

Earnings yield

10.57%

EV/Earnings

1.52x

EV/EBIT

1.69x

EV/EBITDA

1.68x

EV/FCF

1.65x

EV/Sales

0.32x

FCF / EV yield

60.55%

FCF yield

9.84%

Forward P/E

8.5x

Graham number

119.20323

Graham upside

38.53%

Industry forward P/E

11.46x

Industry P/E

13.42x

Lynch fair value

HKD 227.49

Lynch upside

164.37%

P/(FCF - SBC) ratio

10.96x

P/(OCF - SBC) ratio

10.91x

P/B ratio

1.24x

P/E ratio

9.46x

P/FCF ratio

10.16x

P/OCF ratio

10.12x

P/S ratio

1.99x

Price / tangible book value

1.24x

Price/EBITDA ratio

10.29x

Sector forward P/E

11.69x

Sector P/E

13.44x

Metric	Value
EBIT margin	19.17%
EBITDA margin	19.3%
Effective tax rate	13.35%
FCF margin	19.18%
Gross margin	36.14%
Operating margin	19.17%
Pretax margin	24.47%
Profit margin	21.19%
Profit per employee	HKD 1.6M
Profitable quarters	16
Profitable years	3
Revenue per employee	HKD 7.4M
ROA	5.98%
ROA (5Y)	0.44%
ROCE	11.86%
ROE	13.51%
ROE (5Y)	-30.29%
ROIC	230.01%
SBC / revenue	1.42%
Tax / revenue	3.27%

Metric

Value

EBIT margin

19.17%

EBITDA margin

19.3%

Effective tax rate

13.35%

FCF margin

19.18%

Gross margin

36.14%

Operating margin

19.17%

Pretax margin

24.47%

Profit margin

21.19%

Profit per employee

HKD 1.6M

Profitable quarters

Profitable years

Revenue per employee

HKD 7.4M

ROA

5.98%

ROA (5Y)

0.44%

ROCE

11.86%

ROE

13.51%

ROE (5Y)

-30.29%

ROIC

230.01%

SBC / revenue

1.42%

Tax / revenue

3.27%

Metric	Value
EPS growth	-36.6%
EPS growth (Q)	-56.5%
EPS growth (QoQ)	-4.48%
EPS growth 3Y	69.44%
EPS growth years	5
FCF growth	-9.96%
FCF growth (Q)	-12.32%
FCF growth (QoQ)	-57.87%
FCF growth 3Y	31.84%
Gross profit growth	7.67%
Gross profit growth (Q)	5.88%
Gross profit growth 3Y	18.33%
Net income growth	-36.6%
Net income growth (Q)	-57.08%
Net income growth (QoQ)	-6.2%
Net income growth 3Y	69.54%
Net income growth years	5
OCF growth	-9.97%
OCF growth (Q)	-13.13%
OCF growth (QoQ)	-57.98%
OCF growth 3Y	31.1%
Operating income growth	9.42%
Operating income growth (Q)	-11.64%
Operating income growth 3Y	282.96%
Revenue growth	2.39%
Revenue growth (Q)	3.44%
Revenue growth (QoQ)	0.67%
Revenue growth 3Y	-2.98%
Revenue growth 5Y	5.28%
Revenue growth quarters	4
Revenue growth years	0

Metric

Value

EPS growth

-36.6%

EPS growth (Q)

-56.5%

EPS growth (QoQ)

-4.48%

EPS growth 3Y

69.44%

EPS growth years

FCF growth

-9.96%

FCF growth (Q)

-12.32%

FCF growth (QoQ)

-57.87%

FCF growth 3Y

31.84%

Gross profit growth

7.67%

Gross profit growth (Q)

5.88%

Gross profit growth 3Y

18.33%

Net income growth

-36.6%

Net income growth (Q)

-57.08%

Net income growth (QoQ)

-6.2%

Net income growth 3Y

69.54%

Net income growth years

OCF growth

-9.97%

OCF growth (Q)

-13.13%

OCF growth (QoQ)

-57.98%

OCF growth 3Y

31.1%

Operating income growth

9.42%

Operating income growth (Q)

-11.64%

Operating income growth 3Y

282.96%

Revenue growth

2.39%

Revenue growth (Q)

3.44%

Revenue growth (QoQ)

0.67%

Revenue growth 3Y

-2.98%

Revenue growth 5Y

5.28%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	HKD -7.2M
Depreciation and amortization	HKD 12M
EBIT	HKD 1.7B
EBITDA	HKD 1.8B
EPS	HKD 9.10
FCF per share	HKD 8.47
Financing cash flow	HKD -971.3M
Free cash flow	HKD 1.8B
Free cash flow minus SBC	HKD 1.7B
Gross profit	HKD 3.3B
Income taxes	HKD 297.4M
Investing cash flow	HKD -434M
Net borrowing	HKD -2.1M
Net cash flow	HKD 381.9M
Net income	HKD 1.9B
Operating cash flow minus SBC	HKD 1.7B
Operating income	HKD 1.7B
Revenue	HKD 9.1B
Stock-based compensation	HKD 129.1M

Metric

Value

Capital expenditures

HKD -7.2M

Depreciation and amortization

HKD 12M

EBIT

HKD 1.7B

EBITDA

HKD 1.8B

EPS

HKD 9.10

FCF per share

HKD 8.47

Financing cash flow

HKD -971.3M

Free cash flow

HKD 1.8B

Free cash flow minus SBC

HKD 1.7B

Gross profit

HKD 3.3B

Income taxes

HKD 297.4M

Investing cash flow

HKD -434M

Net borrowing

HKD -2.1M

Net cash flow

HKD 381.9M

Net income

HKD 1.9B

Operating cash flow minus SBC

HKD 1.7B

Operating income

HKD 1.7B

Revenue

HKD 9.1B

Stock-based compensation

HKD 129.1M

Metric	Value
Altman Z-Score	7.37
Book value per share	HKD 69.40
Debt / EBITDA	0
Debt / equity	0
Debt / FCF	0
Interest coverage	12,008.43
Long-term assets	HKD 650.1M
Long-term liabilities	HKD 48.1M
Net cash (debt)	HKD 15.2B
Net cash / market cap	83.75%
Net cash growth	19.07%
Net debt / EBITDA	-8.62
Net debt / equity	-1.04
Net debt / FCF	-8.51
Piotroski F-Score	5
Property, plant and equipment	HKD 19M
Shareholders' equity	HKD 14.6B
Tangible book value	HKD 14.6B
Tangible book value per share	HKD 69.40
Total assets	HKD 18.9B
Total cash	HKD 15.2B
Total debt	HKD 961,675
Total liabilities	HKD 4.3B
WACC	10.3%

Metric

Value

Altman Z-Score

7.37

Book value per share

HKD 69.40

Debt / EBITDA

Debt / equity

Debt / FCF

Interest coverage

12,008.43

Long-term assets

HKD 650.1M

Long-term liabilities

HKD 48.1M

Net cash (debt)

HKD 15.2B

Net cash / market cap

83.75%

Net cash growth

19.07%

Net debt / EBITDA

-8.62

Net debt / equity

-1.04

Net debt / FCF

-8.51

Piotroski F-Score

Property, plant and equipment

HKD 19M

Shareholders' equity

HKD 14.6B

Tangible book value

HKD 14.6B

Tangible book value per share

HKD 69.40

Total assets

HKD 18.9B

Total cash

HKD 15.2B

Total debt

HKD 961,675

Total liabilities

HKD 4.3B

WACC

10.3%

Metric	Value
Asset turnover	0.5
Current assets	HKD 18.2B
Current liabilities	HKD 4.2B
Current ratio	4.3
Net working capital	HKD -1.4B
Quick ratio	4.05
Working capital	HKD 13.7B
Working capital turnover	0.84

Metric

Value

Asset turnover

0.5

Current assets

HKD 18.2B

Current liabilities

HKD 4.2B

Current ratio

4.3

Net working capital

HKD -1.4B

Quick ratio

4.05

Working capital

HKD 13.7B

Working capital turnover

0.84

Metric	Value
Buyback yield / dilution	0.02%
Shareholder yield	0.02%

Metric

Value

Buyback yield / dilution

0.02%

Shareholder yield

0.02%

Metric	Value
150-day SMA	HKD 109.66
1D price change	-1.04%
1M price change	3.99%
1M total return	3.99%
1W price change	0.23%
1W total return	0.23%
1Y price change	-65.66%
1Y return CAGR	-65.69%
1Y total return	-65.66%
20-day SMA	HKD 85.02
200-day SMA	HKD 123.95
3M price change	-29.18%
3M total return	-29.18%
3Y price change	0.64%
3Y return CAGR	0.21%
3Y total return	0.64%
50-day SMA	HKD 88.51
50-day SMA vs 200-day SMA	50under200
52-week high	HKD 261.20
52-week high date	2025-10-28
52-week low	HKD 80.55
52-week low date	2026-10-07
6M price change	-27.69%
6M total return	-27.69%
All-time high	HKD 303.40
All-time high date	2025-07-21
All-time low	HKD 50.65
All-time low date	2022-10-31
Average true range (ATR)	HKD 3.57
Average volume	442.2K
Beta (1Y)	0.7
Beta (2Y)	1.09
Beta (5Y)	1.1
Change from 52-week high	-67.06%
Change from 52-week low	6.83%
Change from all-time high	-71.64%
Change from all-time low	69.89%
Change from open	-0.52%
Day's gap	-0.52%
Dollar volume	HKD 33.9M
High price	HKD 88.20
Low price	HKD 84.45
Monthly RSI	37.12
Open price	HKD 86.50
Position in 52-week range	42.67%
Previous close	HKD 86.95
Price vs 150-day SMA	-21.53%
Price vs 20-day SMA	1.21%
Price vs 200-day SMA	-30.57%
Price vs 50-day SMA	-2.78%
Relative volume	0.9
RSI	48.31
Sharpe ratio	-2.08
Sharpe ratio (3Y)	0.2
Sortino ratio	-2.56
Sortino ratio (3Y)	0.43
Volume	393.8K
Weekly RSI	33.31
YTD price change	-53.74%
YTD total return	-53.74%

Metric

Value

150-day SMA

HKD 109.66

1D price change

-1.04%

1M price change

3.99%

1M total return

3.99%

1W price change

0.23%

1W total return

0.23%

1Y price change

-65.66%

1Y return CAGR

-65.69%

1Y total return

-65.66%

20-day SMA

HKD 85.02

200-day SMA

HKD 123.95

3M price change

-29.18%

3M total return

-29.18%

3Y price change

0.64%

3Y return CAGR

0.21%

3Y total return

0.64%

50-day SMA

HKD 88.51

50-day SMA vs 200-day SMA

50under200

52-week high

HKD 261.20

52-week high date

2025-10-28

52-week low

HKD 80.55

52-week low date

2026-10-07

6M price change

-27.69%

6M total return

-27.69%

All-time high

HKD 303.40

All-time high date

2025-07-21

All-time low

HKD 50.65

All-time low date

2022-10-31

Average true range (ATR)

HKD 3.57

Average volume

442.2K

Beta (1Y)

0.7

Beta (2Y)

1.09

Beta (5Y)

1.1

Change from 52-week high

-67.06%

Change from 52-week low

6.83%

Change from all-time high

-71.64%

Change from all-time low

69.89%

Change from open

-0.52%

Day's gap

-0.52%

Dollar volume

HKD 33.9M

High price

HKD 88.20

Low price

HKD 84.45

Monthly RSI

37.12

Open price

HKD 86.50

Position in 52-week range

42.67%

Previous close

HKD 86.95

Price vs 150-day SMA

-21.53%

Price vs 20-day SMA

1.21%

Price vs 200-day SMA

-30.57%

Price vs 50-day SMA

-2.78%

Relative volume

0.9

RSI

48.31

Sharpe ratio

-2.08

Sharpe ratio (3Y)

0.2

Sortino ratio

-2.56

Sortino ratio (3Y)

0.43

Volume

393.8K

Weekly RSI

33.31

YTD price change

-53.74%

YTD total return

-53.74%

Metric	Value
Float	81.3M
Shares change (QoQ)	-1.7%
Shares change (YoY)	-0.02%
Shares held by insiders	0.01%
Shares held by institutions	25.06%
Shares outstanding	210.3M

Metric

Value

Float

81.3M

Shares change (QoQ)

-1.7%

Shares change (YoY)

-0.02%

Shares held by insiders

0.01%

Shares held by institutions

25.06%

Shares outstanding

210.3M

HKG/9899 (HKG/9899)

Price

Financial snapshot

Fair-value bridge

Latest news · HKG/9899

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All HKG/9899 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on HKG/9899

Frequently asked questions