Tanwan Inc (9890.HK)
Guangzhou, CN
Operating across Mainland China and Hong Kong, ZX Inc. primarily functions as an online game publisher, with its gaming portfolio marketed and managed under the Tan Wan brand. The company's business activities extend beyond digital entertainment to encompass real estate and various marketing services. Furthermore, ZX Inc. is involved in the consumer goods market, offering rice noodle products and other fast-moving consumer items through its Zha Zha Hui brand, as well as a range of collectible pop toys under the Bro Kooli label. Founded in 2015, the firm maintains its corporate headquarters in Guangzhou, People's Republic of China.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +13.86% | +6.98% | -9.51% | -22.03% | +3.37% | -20.00% | +32.44% | -1.43% | -1.43% | -1.43% | -1.43% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
-
Revenue growth Electronic Gaming & Multimedia: +4.1%-27.4% Q4'25: -30.5% (vs Q4'23)
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EPS growth Electronic Gaming & Multimedia: +20.0%+39,375.4% ★ Q4'25: +4,226.6% (vs Q4'23)
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FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%-14.9% Q4'25: +19.2% (vs Q4'23)
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EBIT margin Electronic Gaming & Multimedia: +10.3%+5.7% Q4'25: -6.7% (vs Q4'23)
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ROIC Electronic Gaming & Multimedia: +6.6%+41.0% ★ Q4'25: -96.7% (vs Q4'23)
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Share dilution Electronic Gaming & Multimedia: +0.0%+2.3% Q4'25: +3.4% (vs Q4'23)
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Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×0.36× ★ Q4'25: -0.22× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|
| Revenue |
6.51B
est: 7.66B (-15.0%)
|
5.58B
est: 9.91B (-43.7%)
|
4.05B
est: 4.61B (-12.1%)
|
5.83B
5.83B – 5.83B
+26.7% YoY
|
6.68B
6.68B – 6.68B
+14.4% YoY
|
| EBITDA |
477.81M
est: -188.76M (+353.1%)
|
59.72M
est: 724.26M (-91.8%)
|
287.69M
est: 336.75M (-14.6%)
|
426.59M
426.59M – 426.59M
+26.7% YoY
|
488.14M
488.14M – 488.14M
+14.4% YoY
|
| EBIT |
427.72M
est: -254.12M (+268.3%)
|
12.00M
est: 624.90M (-98.1%)
|
232.27M
est: 290.56M (-20.1%)
|
368.07M
368.07M – 368.07M
+26.7% YoY
|
421.18M
421.18M – 421.18M
+14.4% YoY
|
| Net Income |
235.49M
est: 623.38M (-62.2%)
|
-3.62M
est: 879.39M (-100.4%)
|
1.45B
est: 1.57B (-7.6%)
|
1.25B
1.25B – 1.25B
-20.2% YoY
|
1.55B
1.55B – 1.55B
+23.9% YoY
|
| SGA |
4.15B
est: 4.90B (-15.5%)
|
3.71B
est: 5.19B (-28.6%)
|
—
est: 2.41B (-100.0%)
|
3.06B
3.06B – 3.06B
+26.7% YoY
|
3.50B
3.50B – 3.50B
+14.4% YoY
|
| EPS |
0.47
est: 1.20 (-60.7%)
|
-0.01
est: 1.65 (-100.4%)
|
2.76
est: 2.94 (-6.1%)
|
2.35
2.35 – 2.35
-20.2% YoY
|
2.91
2.91 – 2.91
+23.9% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-28 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-27 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-26 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-22 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-21 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-20 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-19 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-18 | A | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 3/5 |
| 2026-05-15 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-14 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-13 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-12 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-11 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-05-08 | A+ | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 4/5 |
| 2026-05-07 | A+ | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 4/5 |
| 2026-05-06 | A+ | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 4/5 |
| 2026-05-05 | A+ | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 4/5 |
| 2026-05-04 | A+ | 4/5 | 2/5 | 5/5 | 5/5 | 4/5 | 4/5 | 4/5 |
| 2026-04-30 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-29 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-28 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-27 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-24 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-23 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-22 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-21 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-20 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-17 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
| 2026-04-16 | A | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 4/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Roundhill Video Games ETF NERD | 0.63% | 91.1K | 0.50% |
| 2 | First Trust Emerging Markets Small Cap AlphaDEX Fund FEMS | 0.55% | 1.40M | 0.80% |
| 3 | Global X Video Games & Esports ETF HERO | 0.27% | 168.7K | 0.50% |
| 4 | iShares MSCI China Small-Cap ETF ECNS | 0.17% | 109.1K | 0.59% |
| 5 | iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L | 0.02% | 16.5K | 0.74% |
| 6 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.02% | 141.5K | 0.65% |
| 7 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.02% | 54.9K | 0.74% |
| 8 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.02% | 18.2K | 0.42% |
| 9 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.01% | 76.9K | 0.55% |
| 10 | Avantis Emerging Markets Value ETF AVES | 0.01% | 131.6K | 0.36% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Xubo Wu | Key Founder, Chief Executive Officer & Executive Chairman | 6M | male |
| Xuan Wu | Co-Founder, Chief Operating Officer & Executive Director | 5M | female |
| He Tony Tong | Chief Future Officer | — | male |
| Wing Man Tsang | Company Secretary | — | female |
| Xihu Luo | Head of Operating | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 9890.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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