Tanwan Inc.
Research Tanwan Inc. (9890.HK) on Bullrun: market cap HKD 4.59B, P/E 4.1. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- Ticker9890.HK
- ExchangeHK
- CountryChina
- SectorCommunication Services
- IndustryElectronic Gaming & Multimedia
- CurrencyHKD
- Market capHKD 4.59B
- P/E4.1
- Financial periodFY2025
- RevenueCNY 4.16B
- Revenue growth-25.5%
- Net incomeCNY 1.49B
- Free cash flow-CNY 341.33M
- Gross margin57.1%
Valuation Snapshot
latest market cap is HKD 4.59B; P/E is 4.1.
Peer valuation comparison
Latest P/E is 4.05x versus a Communication Services sector median of 15.79x (74.3% below).
Latest P/E is 4.05x versus a China median of 16.26x (75.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CNY 4.16B | CNY 1.49B | -CNY 341.33M | 57.1% | n/a | CNY 375.95M | CNY 1.41B | CNY 4.19B |
| FY2024 | CNY 5.58B | -CNY 3.62M | -CNY 2.05B | 72.1% | 0 | CNY 514.96M | CNY 1.77B | CNY 2.40B |
| FY2023 | CNY 6.51B | CNY 235.49M | -CNY 2.57B | 70.2% | 0.46 | CNY 486.89M | CNY 3.21B | CNY 2.29B |
| FY2022 | CNY 8.82B | CNY 514.07M | CNY 2.11B | 72.7% | 0.96 | CNY 213.42M | CNY 6.41B | CNY 1.73B |
| FY2021 | n/a | n/a | n/a | n/a | 1.15 | n/a | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-18 | HKD 4.59B | 4.1 | n/a | 0 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0 HKD.
About Tanwan Inc.
Tanwan Inc. operates as a publisher of online game products in Mainland China, Hong Kong, and internationally. The company operates and markets games under the TanWan brand, as well as offers real estate and other marketing services; and game marketing and operation services. It also sells rice noodle and mixed noodles, products, and other fast consumer food under the Zha Zha Hui brand. The company was formerly known as ZX Inc. and changed its name Tanwan Inc. in August 2025.
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Frequently asked questions
What is Tanwan Inc.'s market cap?
Tanwan Inc.'s market capitalization is HKD 4.59B.
What is Tanwan Inc.'s P/E ratio?
Tanwan Inc.'s price-to-earnings (P/E) ratio is 4.1.
What does Tanwan Inc. do?
Tanwan Inc. operates as a publisher of online game products in Mainland China, Hong Kong, and internationally. The company operates and markets games under the TanWan brand, as well as offers real estate and other marketing services; and game marketing and operation services. It also sells rice noodle and mixed noodles, products, and other fast consumer food under the Zha Zha Hui brand. The company was formerly known as ZX Inc. and changed its name Tanwan Inc. in August 2025. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.