---
title: "秀商時代控股有限公司 (01849.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/01849.HK.md"
symbol: "01849.HK"
name: "秀商時代控股有限公司"
industry: "媒體"
---

# 秀商時代控股有限公司 (01849.HK)

| Item | Detail |
|------|--------|
| Industry | 媒體 |
| Location | 港股市場 |
| Website | [www.amgroupholdings.com](https://www.amgroupholdings.com) |

## Company Profile

秀商時代控股有限公司是一家投資控股公司。該公司及其子公司主要從事提供線上營銷服務和及線上電子商貿平臺營運。該公司的業務分部包括搜索引擎營銷服務、創意及技術服務、社交媒體營銷服務和線上電子商貿平臺營運。搜索引擎營銷服務分部包括新加坡和馬來西亞的線上營銷服務,主要通過付費廣告增加搜索引擎結果頁面的能見度,從而推廣網站。創意及技術服務分部包括新加坡和馬來西亞的網站開發及寄存服務以及其他廣告支援服務。線上電子商貿平臺營運分部包括中華人民共和國(PRC)線上電子商貿平臺上的技術服務、交易所得款項傭金及營銷服務。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-18T04:30:11.000Z

**Overall: C (0.55)**

**Industry**: Media

| Metric | Value |
|--------|-------|
| Industry Ranking | 35 / 61 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 7.23% |  |
| Net Profit YoY | -117.11% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.21 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 40.00M |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 231.05M |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -10.54% | D |
| Profit Margin | -9.20% | D |
| Gross Margin | 24.73% | C |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 7.23% | C |
| Net Profit YoY | -117.11% | E |
| Total Assets YoY | -14.30% | E |
| Net Assets YoY | -10.04% | D |

#### Cash Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -1087.31% | E |
| OCF YoY | 7.23% | C |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.57 | B |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 39.92% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 秀商時代控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-10.54%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-9.20%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "24.73%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "7.23%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-117.11%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-14.30%",
          "rating": "E"
        },
        {
          "name": "Net Assets YoY",
          "value": "-10.04%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "D",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-1087.31%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "7.23%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.57",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "39.92%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 吉宏股份 (HK.2603) | B | B | A | B | A | B |
| 02 | 趣致集團 (HK.917) | A | A | B | B | B | B |
| 03 | 筆克遠東 (HK.752) | B | B | A | D | B | B |
| 04 | 優矩控股 (HK.1948) | C | A | A | D | A | B |
| 05 | 交個朋友控股 (HK.1450) | B | C | A | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -1.85 | 28/62 | - | - | - |
| PB | 0.21 | 4/62 | 0.21 | 0.21 | 0.21 |
| PS (TTM) | 0.17 | 4/62 | 0.17 | 0.17 | 0.17 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/01849.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/01849.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/01849.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
