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Chinese company operating social-networking apps (MICO, Yo) and mobile game publishing (Ohayoo) targeted mainly at overseas emerging markets.
Chinese company operating social-networking apps (MICO, Yo) and mobile game publishing (Ohayoo) targeted mainly at overseas emerging markets.
In one line: A China-based overseas social app and game publisher.
Moat: narrow (network effects, brand, distribution). Established social-app user bases in underserved overseas emerging markets, though competition from global social platforms is intense.
Headquarters: Guangzhou, China · Founded: 2014 · Employees: 1,785
Size Newborn Town (9911.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $1.63B, the 469th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$9.15 on 6 Nov 2026.
Performance Over six months the shares fell 4.7%, against -2.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 36.0% over the last twelve months (peer median +9.5%); the operating margin is 11.6% (peer median 8.9%).
Valuation It trades at 8.8× forward earnings against a peer median of 26.3× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -45 pp: the price already allows for a slowdown.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$8.81B | HK$7.47B | HK$5.52B | HK$3.66B | HK$3.26B |
| Revenue growth | — | +35% | +51% | +12% | — |
| Gross profit | HK$4.99B | HK$4.15B | HK$2.80B | HK$1.88B | HK$1.22B |
| EBITDA | HK$1.17B | HK$1.11B | HK$889M | HK$690M | HK$358M |
| Net income | HK$1.26B | HK$1.01B | HK$521M | HK$567M | HK$151M |
| Free cash flow | HK$1.74B | HK$1.56B | HK$1.14B | HK$816M | HK$351M |
| Capital expenditure | HK$59.2M | HK$41.0M | HK$10.2M | HK$11.0M | HK$12.7M |
| Total debt | n/a | HK$95.8M | HK$88.7M | HK$119M | HK$126M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Newborn Town 9911.HK | $1.63B | -5% | +36% | 12% | 8.8× | -3.5% |
| Match MTCH | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% |
| Boyaa Interactive International 0434.HK | n/a | -12% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9911.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | +5.6% | 6th lowest of 21 |
| 6-month return | -4.7% | -2.2% | 10th lowest of 20 |
| Distance from 52-week high | -35.1% | -26.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +36.0% | +9.5% | highest of 21 |
| Operating margin | 11.6% | 8.9% | 10th highest of 21 |
| Forward P/E | 8.8× | 26.3× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -3.5% | 9.8% | 5th least demanding of 13 |
| Growth delivered (Del g) | +41.3% | +9.0% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -44.8 pp | -1.7 pp | 2nd least demanding of 12 |
| EV / EBITDA | 7.8× | 10.9× | 5th cheapest of 11 |
| Net debt / EBITDA | -3.2× | -0.8× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Newborn Town 9911.HK | Hong Kong | $1.63B | -5% | +36% | 12% | 8.8× | -3.5% | +41.3% |
| Donnelley Financial Solutions DFIN | United States | $1.63B | +56% | +5% | 20% | 12.3× | -4.7% | -3.0% |
| Nazara Technologies NAZARA.NS | India | $1.62B | +50% | -2% | 3% | 138.0× | n/a | n/a |
| YOOZOO Interactive 002174.SZ | China | $1.61B | +9% | -1% | -20% | 24.7× | n/a | n/a |
| Wealthfront WLTH | United States | $1.66B | -7% | +18% | -41% | 26.7× | -4.2% | n/a |
| Weaver Network Technology 603039.SS | China | $1.59B | -8% | +2% | 12% | 29.1× | 15.8% | +9.0% |
| Sansan 4443.T | Japan | $1.67B | +65% | +22% | 18% | 27.4× | 20.3% | +27.1% |
| Kfin Technologies KFINTECH.NS | India | $1.67B | -1% | +27% | 32% | 40.6× | n/a | n/a |
| KPIT Technologies KPITTECH.NS | India | $1.57B | -25% | +9% | 14% | 26.3× | 14.8% | +26.0% |
| Lyntris LYNX | United States | $1.69B | n/a | +16% | 9% | n/a | n/a | n/a |
| MIXI 2121.T | Japan | $1.56B | +51% | +30% | 14% | 10.7× | -18.1% | +7.5% |
| Hangzhou Shunwang Technology 300113.SZ | China | $1.70B | -32% | -36% | 26% | 27.1× | 26.2% | +11.0% |
| Hacksaw HACK.ST | Sweden | $1.71B | -22% | +21% | 82% | 8.1× | -10.2% | +85.9% |
| Adeia ADEA | United States | $1.71B | -47% | +22% | 44% | 11.8× | 2.7% | -13.0% |
| TRS Information Technology 300229.SZ | China | $1.71B | -27% | -23% | -76% | n/a | n/a | n/a |
| Sprinklr CXM | United States | $1.55B | +25% | +6% | 6% | 13.0× | 4.8% | +17.2% |
| freee K.K 4478.T | Japan | $1.72B | +100% | +28% | 3% | 79.1× | n/a | n/a |
| Paradox Interactive PDX.ST | Sweden | $1.54B | +6% | +13% | 6% | 25.3× | 20.8% | +4.1% |
| CloudWalk Technology 688327.SS | China | $1.54B | -28% | -47% | -165% | n/a | n/a | n/a |
| Digiwin 300378.SZ | China | $1.54B | -2% | +10% | 9% | 32.5× | n/a | n/a |
| Yusys Technologies 300674.SZ | China | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% | +4.0% |