Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) 10-Year Financial Performance & Capital Metrics

BHAT • • Industrial / General

TechnologyGaming & MultimediaInteractive Entertainment TechnologyAR/VR Gaming Technology

AboutFujian Blue Hat Interactive Entertainment Technology Ltd. engages in the designing, producing, promoting, and selling animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; 'Talking Tom and Friends' Bouncing Bubble, which enables children to bounce and play with bubbles; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction. The company also holds license to sell products with WUHUANGWANSHUI brand images. Its distribution channels include domestic distributors, e-commerce platforms, supermarkets, and export distributors. Fujian Blue Hat Interactive Entertainment Technology Ltd. was incorporated in 2010 and is based in Xiamen, China.Show more

Revenue $19M -74.6%
EBITDA -$4M +71.2%
Net Income -$10M +50.6%
EPS (Diluted) -16290.00 -466662.2%
Gross Margin 8.26% +427.3%
EBITDA Margin -22.69% -13.2%
Operating Margin -23.8% -15.5%
Net Margin -50.87% -94.2%
ROE -26.18% +62.6%
ROIC -8.51% +77.2%
Debt/Equity 0.09 -0.1%
Interest Coverage -1.32 +97.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 92.8% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-4.71%

3Y15.54%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-8.7%

5Y Avg-43.75%

3Y Avg-35.52%

Latest-11.4%

Peer Comparison

AR/VR Gaming Technology

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
BHATFujian Blue Hat Interactive Entertainment Technology Ltd.	42.83M	1.16	-0.00	-74.59%	-31.19%	-44.83%	0.09
GXAIGaxos.ai Inc.	8.12M	1.14	-0.59	14.73%	-5.44%	-27.29%
GDCGD Culture Group Limited	286.59M	5.00	-3.45			-102.16%	769.88

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.35M	14.14M	18.53M	23.83M	24.6M	12.14M	2.2M	73.69M	18.72M
Revenue Growth %	-	0.51%	0.31%	0.29%	0.03%	-0.51%	-0.82%	32.56%	-0.75%
Cost of Goods Sold+	4.58M	5.3M	6.11M	7.53M	11.18M	5.78M	958.44K	72.53M	17.18M
COGS % of Revenue	0.49%	0.37%	0.33%	0.32%	0.45%	0.48%	0.44%	0.98%	0.92%
Gross Profit+	4.78M	8.84M	12.42M	16.3M	13.42M	6.48M	1.24M	1.15M	1.55M
Gross Margin %	0.51%	0.63%	0.67%	0.68%	0.55%	0.53%	0.56%	0.02%	0.08%
Gross Profit Growth %	-	0.85%	0.4%	0.31%	-0.18%	-0.52%	-0.81%	-0.07%	0.34%
Operating Expenses+	1.96M	2.9M	4.11M	6.82M	3.22M	57.52M	9.12M	16.34M	6M
OpEx % of Revenue	0.21%	0.21%	0.22%	0.29%	0.13%	4.74%	4.15%	0.22%	0.32%
Selling, General & Admin	1.8M	2.54M	3.82M	5.79M	2.97M	31.65M	6.38M	13.77M	2.83M
SG&A % of Revenue	0.19%	0.18%	0.21%	0.24%	0.12%	2.61%	2.91%	0.19%	0.15%
Research & Development	159.19K	355.73K	286.84K	1.03M	246.92K	11.23M	2.73M	2.57M	3.17M
R&D % of Revenue	0.02%	0.03%	0.02%	0.04%	0.01%	0.93%	1.25%	0.03%	0.17%
Other Operating Expenses	0	0	0	0	0	14.63M	0	0	0
Operating Income+	2.82M	5.94M	8.32M	9.48M	10.2M	-51.16M	-7.88M	-15.19M	-4.46M
Operating Margin %	0.3%	0.42%	0.45%	0.4%	0.41%	-4.21%	-3.59%	-0.21%	-0.24%
Operating Income Growth %	-	1.11%	0.4%	0.14%	0.08%	-6.01%	0.85%	-0.93%	0.71%
EBITDA+	2.92M	6.15M	8.78M	10.4M	11.21M	-47.3M	-7.53M	-14.77M	-4.25M
EBITDA Margin %	0.31%	0.43%	0.47%	0.44%	0.46%	-3.9%	-3.43%	-0.2%	-0.23%
EBITDA Growth %	-	1.11%	0.43%	0.18%	0.08%	-5.22%	0.84%	-0.96%	0.71%
D&A (Non-Cash Add-back)	99.75K	207.96K	463.54K	921.68K	1.01M	3.86M	354.23K	420.46K	208.67K
EBIT	3.2M	6.27M	8.67M	9.7M	10.24M	-60.95M	-7.88M	-28.82M	-9.34M
Net Interest Income+	-137.7K	-25.38K	72.7K	-175.72K	-374.1K	-309.16K	-148.77K	-284.07K	-3.38M
Interest Income	4.8K	161.38K	219K	629	147.82K	156.04K	374	7	0
Interest Expense	142.5K	186.76K	146.3K	176.35K	521.92K	465.2K	149.15K	284.08K	3.38M
Other Income/Expense	241.75K	135.71K	207.37K	45.42K	-483.59K	-330.79K	-143.09K	-13.91M	-5.07M
Pretax Income+	3.06M	6.08M	8.52M	9.53M	9.72M	-61.41M	-8.03M	-29.1M	-9.53M
Pretax Margin %	0.33%	0.43%	0.46%	0.4%	0.4%	-5.06%	-3.65%	-0.39%	-0.51%
Income Tax+	485.66K	955.19K	605.43K	453.72K	1.67M	138.06K	1.1M	6.08K	0
Effective Tax Rate %	0.84%	0.84%	0.93%	0.95%	0.84%	0.95%	1.17%	0.66%	1%
Net Income+	2.57M	5.12M	7.92M	9.07M	8.17M	-58.63M	-9.37M	-19.3M	-9.53M
Net Margin %	0.28%	0.36%	0.43%	0.38%	0.33%	-4.83%	-4.26%	-0.26%	-0.51%
Net Income Growth %	-	0.99%	0.55%	0.15%	-0.1%	-8.18%	0.84%	-1.06%	0.51%
Net Income (Continuing)	2.57M	5.12M	7.92M	9.07M	8.05M	-61.55M	-9.12M	-29.11M	-9.53M
Discontinued Operations	0	0	0	0	233.15K	0	-282.03K	7.39M	0
Minority Interest	0	0	0	0	111.4K	2.46M	2.42M	0	0
EPS (Diluted)+	0.74	1.47	2.28	2.58	210.00	-1131.00	-1.23	-3.49	-16290.00
EPS Growth %	-	0.99%	0.55%	0.13%	80.4%	-6.39%	1%	-1.84%	-4666.62%
EPS (Basic)	0.74	1.47	2.28	2.58	210.00	-11.31	-1.23	-3.49	-16290.00
Diluted Shares Outstanding	3.48M	3.48M	3.48M	3.51M	3.99M	5.05M	85.65K	309.75K	597.23K
Basic Shares Outstanding	3.48M	3.48M	3.48M	3.51M	3.86M	5.05M	76.39K	297.23K	584.81K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.41M	29.24M	25.66M	42.72M	50.69M	21.7M	21.53M	39.28M	70.06M
Cash & Short-Term Investments	3.84M	19.76M	11.83M	15.48M	15.75M	135.56K	70.4K	409.18K	14.3K
Cash Only	955.93K	2.37M	11.83M	15.48M	15.75M	135.56K	70.4K	409.18K	14.3K
Short-Term Investments	2.88M	17.39M	0	0	0	0	0	0	0
Accounts Receivable	3.94M	6.58M	12.13M	26.81M	32.11M	19.66M	15.3M	21.29M	5.47M
Days Sales Outstanding	153.6	169.85	239.01	410.63	476.42	591	2.54K	105.46	106.63
Inventory	898.01K	598.2K	273.27K	125.26K	90.77K	108.62K	0	17.55M	64.56M
Days Inventory Outstanding	71.61	41.2	16.33	6.07	2.96	6.86	-	88.29	1.37K
Other Current Assets	0	0	0	0	2.28M	0	6.08M	1.59K	1.47K
Total Non-Current Assets+	2.07M	4.34M	9.81M	16.1M	25M	14.81M	12.74M	9.98M	5.17M
Property, Plant & Equipment	29.94K	278.89K	208.87K	3M	4.49M	4.3M	3.86M	5.9M	5.17M
Fixed Asset Turnover	312.38x	50.72x	88.72x	7.93x	5.48x	2.82x	0.57x	12.49x	3.62x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	2.02M	4M	7.71M	11.18M	14.25M	6.92M	1.37M	0	0
Long-Term Investments	0	7.68K	1.75M	1.73M	1.91M	1.88M	1.72M	1.69M	0
Other Non-Current Assets	0	14.78K	0	0	4.23M	1.7M	5.8M	2.39M	0
Total Assets+	12.48M	33.58M	35.47M	58.82M	75.69M	36.51M	34.28M	49.26M	75.23M
Asset Turnover	0.75x	0.42x	0.52x	0.41x	0.33x	0.33x	0.06x	1.50x	0.25x
Asset Growth %	-	1.69%	0.06%	0.66%	0.29%	-0.52%	-0.06%	0.44%	0.53%
Total Current Liabilities+	5.53M	11.59M	7.12M	13.68M	16.24M	18.28M	17.41M	5.66M	40.65M
Accounts Payable	2.31M	5.71M	1.4M	293.99K	211.57K	959.2K	324.99K	318.73K	34.16M
Days Payables Outstanding	184.1	392.98	83.83	14.25	6.91	60.54	123.77	1.6	725.75
Short-Term Debt	2.06M	3.71M	3.26M	6.23M	5.64M	860.91K	485.09K	273.71K	146.34K
Deferred Revenue (Current)	0	0	0	0	0	0	19.63K	3.02K	2.98K
Other Current Liabilities	610.28K	510.68K	1.82M	5.93M	8.34M	13.66M	15.57M	3.56M	3.98M
Current Ratio	1.88x	2.52x	3.60x	3.12x	3.12x	1.19x	1.24x	6.93x	1.72x
Quick Ratio	1.72x	2.47x	3.56x	3.11x	3.12x	1.18x	1.24x	3.84x	0.14x
Cash Conversion Cycle	41.12	-181.93	171.51	402.46	472.47	537.32	-	192.15	752.66
Total Non-Current Liabilities+	0	177.03K	91.99K	385.38K	505.75K	579.65K	2.34M	2.98M	2.44M
Long-Term Debt	0	177.03K	91.99K	13.33K	505.75K	517.59K	2.31M	834.95K	773.95K
Capital Lease Obligations	0	0	0	372.05K	0	62.06K	31.04K	2.14M	1.67M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0
Total Liabilities	5.53M	11.77M	7.21M	14.07M	16.74M	18.86M	19.75M	8.64M	43.09M
Total Debt+	2.06M	3.89M	3.36M	6.62M	6.15M	1.54M	2.82M	3.49M	2.75M
Net Debt	1.1M	1.52M	-8.47M	-8.86M	-9.6M	1.4M	2.75M	3.08M	2.74M
Debt / Equity	0.30x	0.18x	0.12x	0.15x	0.10x	0.09x	0.19x	0.09x	0.09x
Debt / EBITDA	0.71x	0.63x	0.38x	0.64x	0.55x	-	-	-	-
Net Debt / EBITDA	0.38x	0.25x	-0.97x	-0.85x	-0.86x	-	-	-	-
Interest Coverage	19.78x	31.83x	56.85x	53.77x	19.55x	-109.98x	-52.85x	-53.47x	-1.32x
Total Equity+	6.95M	21.81M	28.26M	44.75M	58.95M	17.65M	14.53M	40.62M	32.14M
Equity Growth %	-	2.14%	0.3%	0.58%	0.32%	-0.7%	-0.18%	1.8%	-0.21%
Book Value per Share	2.00	6.27	8.12	12.73	14.79	3.49	169.63	131.14	53.82
Total Shareholders' Equity	6.95M	21.81M	28.26M	44.75M	58.84M	15.19M	12.11M	40.62M	32.14M
Common Stock	33K	33K	33K	35.14K	38.55K	53.82K	98.95K	583.98K	584.98K
Retained Earnings	2.92M	7.51M	15.17M	24.13M	31.39M	-25.75M	-35.11M	-56.83M	-66.36M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-58.6K	1.43M	221.5K	-188.9K	3.95M	4.6M	2.98M	3.04M	3.05M
Minority Interest	0	0	0	0	111.4K	2.46M	2.42M	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.27M	6.99M	-414.6K	12.31M	5.04M	-20.11M	-1.19M	-2.11M	-885K
Operating CF Margin %	0.24%	0.49%	-0.02%	0.52%	0.21%	-1.66%	-0.54%	-0.03%	-0.05%
Operating CF Growth %	-	2.07%	-1.06%	30.69%	-0.59%	-4.99%	0.94%	-0.77%	0.58%
Net Income	2.57M	5.12M	7.92M	9.07M	7.94M	-58.63M	-9.08M	-26.69M	-9.53M
Depreciation & Amortization	99.75K	207.96K	463.54K	921.68K	1.01M	3.86M	354.23K	420.46K	208.67K
Stock-Based Compensation	0	0	0	0	0	0	4.04M	0	966.21K
Deferred Taxes	-4.23K	-14.43K	-107.4K	-48.71K	63.11K	119.13K	0	0	0
Other Non-Cash Items	225.4K	93.35K	496.3K	921.9K	1.08M	31.4M	3.36M	62.81M	2.32M
Working Capital Changes	-621.32K	1.58M	-9.19M	1.44M	-5.04M	3.31M	4.18M	-38.65M	5.15M
Change in Receivables	-849.83K	-2.37M	-6.63M	-3.4M	-6.22M	4.01M	5.15M	-16.12M	15.2M
Change in Inventory	323.18K	346.82K	304.07K	145.89K	34.49K	41.46K	116.11K	-17.55M	-47.02M
Change in Payables	186.16K	3.12M	-4.15M	-1.1M	-82.42K	746.84K	-21.89K	-6.26K	33.84M
Cash from Investing+	-4.75M	-15.81M	10.8M	-19.11M	-10.76M	-4.52M	6.34K	-15.38K	0
Capital Expenditures	-1.74M	-2.02M	-4.48M	-6.64M	-11.87M	-16.53M	-3.43K	0	0
CapEx % of Revenue	0.19%	0.14%	0.24%	0.28%	0.48%	1.36%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	1.09M	12.99M	9.76K	0	0
Cash from Financing+	2.04M	10.17M	-426.22K	10.6M	2.49M	7.57M	2.53M	2.25M	484.86K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	2.26M	8.8M	31.72K	7.9M	0	160.67K	-13.09K	-53.91K	600.39K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.25M	6.94M	-459.51K	10.09M	2.84M	-36.64M	-1.19M	-2.11M	-885K
FCF Margin %	0.24%	0.49%	-0.02%	0.42%	0.12%	-3.02%	-0.54%	-0.03%	-0.05%
FCF Growth %	-	2.09%	-1.07%	22.96%	-0.72%	-13.92%	0.97%	-0.77%	0.58%
FCF per Share	0.65	1.99	-0.13	2.87	0.71	-7.25	-13.95	-6.82	-1.48
FCF Conversion (FCF/Net Income)	0.88x	1.36x	-0.05x	1.36x	0.62x	0.34x	0.13x	0.11x	0.09x
Interest Paid	0	0	0	0	0	0	0	0	206.63K
Taxes Paid	0	0	0	0	779.46K	1.53M	1.1M	6.08K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	37.02%	35.63%	31.64%	24.86%	15.76%	-153.08%	-58.2%	-69.98%	-26.18%
Return on Invested Capital (ROIC)	26.23%	28.41%	28.94%	25.55%	17.96%	-112.2%	-32.54%	-37.36%	-8.51%
Gross Margin	51.06%	62.53%	67.04%	68.4%	54.55%	53.4%	56.35%	1.57%	8.26%
Net Margin	27.52%	36.23%	42.74%	38.07%	33.21%	-482.97%	-426.47%	-26.19%	-50.87%
Debt / Equity	0.30x	0.18x	0.12x	0.15x	0.10x	0.09x	0.19x	0.09x	0.09x
Interest Coverage	19.78x	31.83x	56.85x	53.77x	19.55x	-109.98x	-52.85x	-53.47x	-1.32x
FCF Conversion	0.88x	1.36x	-0.05x	1.36x	0.62x	0.34x	0.13x	0.11x	0.09x
Revenue Growth	-	51.24%	31.01%	28.62%	3.21%	-50.65%	-81.91%	3255.57%	-74.59%

Revenue by Segment

	2019	2020	2021	2022	2023
Information Service	-	-	-	-	549.24K
Information Service Growth	-	-	-	-	-
Mobile game	2.81M	2.48M	-	5.18M	-
Mobile game Growth	-	-11.65%	-	-	-
Information service	-	8.66M	-	884.33K	-
Information service Growth	-	-	-	-	-
Interactive toys - game series	28.31M	21.4M	-	155.56K	-
Interactive toys - game series Growth	-	-24.43%	-	-	-
Interactive toys - animation series	241.87K	3.32M	798.07K	34.19K	-
Interactive toys - animation series Growth	-	1271.83%	-75.95%	-95.72%	-
Communication service	-	10.54M	-	-	-
Communication service Growth	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023
Domestic PRC	23.83M	30.19M	15.16M	7.38M	-
Domestic PRC Growth	-	26.67%	-49.80%	-51.33%	-

Frequently Asked Questions

Growth & Financials

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) reported $46.2M in revenue for fiscal year 2024. This represents a 394% increase from $9.4M in 2016.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) saw revenue decline by 74.6% over the past year.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) reported a net loss of $14.4M for fiscal year 2024.

Dividend & Returns

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) has a return on equity (ROE) of -26.2%. Negative ROE indicates the company is unprofitable.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) had negative free cash flow of $0.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) 10-Year Financial Performance & Capital Metrics

BHAT • • Industrial / General

TechnologyGaming & MultimediaInteractive Entertainment TechnologyAR/VR Gaming Technology

Revenue $19M -74.6%
EBITDA -$4M +71.2%
Net Income -$10M +50.6%
EPS (Diluted) -16290.00 -466662.2%
Gross Margin 8.26% +427.3%
EBITDA Margin -22.69% -13.2%
Operating Margin -23.8% -15.5%
Net Margin -50.87% -94.2%
ROE -26.18% +62.6%
ROIC -8.51% +77.2%
Debt/Equity 0.09 -0.1%
Interest Coverage -1.32 +97.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 92.8% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-4.71%

3Y15.54%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-8.7%

5Y Avg-43.75%

3Y Avg-35.52%

Latest-11.4%

Peer Comparison

AR/VR Gaming Technology

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
BHATFujian Blue Hat Interactive Entertainment Technology Ltd.	42.83M	1.16	-0.00	-74.59%	-31.19%	-44.83%	0.09
GXAIGaxos.ai Inc.	8.12M	1.14	-0.59	14.73%	-5.44%	-27.29%
GDCGD Culture Group Limited	286.59M	5.00	-3.45			-102.16%	769.88

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	9.35M	14.14M	18.53M	23.83M	24.6M	12.14M	2.2M	73.69M	18.72M
Revenue Growth %	-	0.51%	0.31%	0.29%	0.03%	-0.51%	-0.82%	32.56%	-0.75%
Cost of Goods Sold+	4.58M	5.3M	6.11M	7.53M	11.18M	5.78M	958.44K	72.53M	17.18M
COGS % of Revenue	0.49%	0.37%	0.33%	0.32%	0.45%	0.48%	0.44%	0.98%	0.92%
Gross Profit+	4.78M	8.84M	12.42M	16.3M	13.42M	6.48M	1.24M	1.15M	1.55M
Gross Margin %	0.51%	0.63%	0.67%	0.68%	0.55%	0.53%	0.56%	0.02%	0.08%
Gross Profit Growth %	-	0.85%	0.4%	0.31%	-0.18%	-0.52%	-0.81%	-0.07%	0.34%
Operating Expenses+	1.96M	2.9M	4.11M	6.82M	3.22M	57.52M	9.12M	16.34M	6M
OpEx % of Revenue	0.21%	0.21%	0.22%	0.29%	0.13%	4.74%	4.15%	0.22%	0.32%
Selling, General & Admin	1.8M	2.54M	3.82M	5.79M	2.97M	31.65M	6.38M	13.77M	2.83M
SG&A % of Revenue	0.19%	0.18%	0.21%	0.24%	0.12%	2.61%	2.91%	0.19%	0.15%
Research & Development	159.19K	355.73K	286.84K	1.03M	246.92K	11.23M	2.73M	2.57M	3.17M
R&D % of Revenue	0.02%	0.03%	0.02%	0.04%	0.01%	0.93%	1.25%	0.03%	0.17%
Other Operating Expenses	0	0	0	0	0	14.63M	0	0	0
Operating Income+	2.82M	5.94M	8.32M	9.48M	10.2M	-51.16M	-7.88M	-15.19M	-4.46M
Operating Margin %	0.3%	0.42%	0.45%	0.4%	0.41%	-4.21%	-3.59%	-0.21%	-0.24%
Operating Income Growth %	-	1.11%	0.4%	0.14%	0.08%	-6.01%	0.85%	-0.93%	0.71%
EBITDA+	2.92M	6.15M	8.78M	10.4M	11.21M	-47.3M	-7.53M	-14.77M	-4.25M
EBITDA Margin %	0.31%	0.43%	0.47%	0.44%	0.46%	-3.9%	-3.43%	-0.2%	-0.23%
EBITDA Growth %	-	1.11%	0.43%	0.18%	0.08%	-5.22%	0.84%	-0.96%	0.71%
D&A (Non-Cash Add-back)	99.75K	207.96K	463.54K	921.68K	1.01M	3.86M	354.23K	420.46K	208.67K
EBIT	3.2M	6.27M	8.67M	9.7M	10.24M	-60.95M	-7.88M	-28.82M	-9.34M
Net Interest Income+	-137.7K	-25.38K	72.7K	-175.72K	-374.1K	-309.16K	-148.77K	-284.07K	-3.38M
Interest Income	4.8K	161.38K	219K	629	147.82K	156.04K	374	7	0
Interest Expense	142.5K	186.76K	146.3K	176.35K	521.92K	465.2K	149.15K	284.08K	3.38M
Other Income/Expense	241.75K	135.71K	207.37K	45.42K	-483.59K	-330.79K	-143.09K	-13.91M	-5.07M
Pretax Income+	3.06M	6.08M	8.52M	9.53M	9.72M	-61.41M	-8.03M	-29.1M	-9.53M
Pretax Margin %	0.33%	0.43%	0.46%	0.4%	0.4%	-5.06%	-3.65%	-0.39%	-0.51%
Income Tax+	485.66K	955.19K	605.43K	453.72K	1.67M	138.06K	1.1M	6.08K	0
Effective Tax Rate %	0.84%	0.84%	0.93%	0.95%	0.84%	0.95%	1.17%	0.66%	1%
Net Income+	2.57M	5.12M	7.92M	9.07M	8.17M	-58.63M	-9.37M	-19.3M	-9.53M
Net Margin %	0.28%	0.36%	0.43%	0.38%	0.33%	-4.83%	-4.26%	-0.26%	-0.51%
Net Income Growth %	-	0.99%	0.55%	0.15%	-0.1%	-8.18%	0.84%	-1.06%	0.51%
Net Income (Continuing)	2.57M	5.12M	7.92M	9.07M	8.05M	-61.55M	-9.12M	-29.11M	-9.53M
Discontinued Operations	0	0	0	0	233.15K	0	-282.03K	7.39M	0
Minority Interest	0	0	0	0	111.4K	2.46M	2.42M	0	0
EPS (Diluted)+	0.74	1.47	2.28	2.58	210.00	-1131.00	-1.23	-3.49	-16290.00
EPS Growth %	-	0.99%	0.55%	0.13%	80.4%	-6.39%	1%	-1.84%	-4666.62%
EPS (Basic)	0.74	1.47	2.28	2.58	210.00	-11.31	-1.23	-3.49	-16290.00
Diluted Shares Outstanding	3.48M	3.48M	3.48M	3.51M	3.99M	5.05M	85.65K	309.75K	597.23K
Basic Shares Outstanding	3.48M	3.48M	3.48M	3.51M	3.86M	5.05M	76.39K	297.23K	584.81K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.41M	29.24M	25.66M	42.72M	50.69M	21.7M	21.53M	39.28M	70.06M
Cash & Short-Term Investments	3.84M	19.76M	11.83M	15.48M	15.75M	135.56K	70.4K	409.18K	14.3K
Cash Only	955.93K	2.37M	11.83M	15.48M	15.75M	135.56K	70.4K	409.18K	14.3K
Short-Term Investments	2.88M	17.39M	0	0	0	0	0	0	0
Accounts Receivable	3.94M	6.58M	12.13M	26.81M	32.11M	19.66M	15.3M	21.29M	5.47M
Days Sales Outstanding	153.6	169.85	239.01	410.63	476.42	591	2.54K	105.46	106.63
Inventory	898.01K	598.2K	273.27K	125.26K	90.77K	108.62K	0	17.55M	64.56M
Days Inventory Outstanding	71.61	41.2	16.33	6.07	2.96	6.86	-	88.29	1.37K
Other Current Assets	0	0	0	0	2.28M	0	6.08M	1.59K	1.47K
Total Non-Current Assets+	2.07M	4.34M	9.81M	16.1M	25M	14.81M	12.74M	9.98M	5.17M
Property, Plant & Equipment	29.94K	278.89K	208.87K	3M	4.49M	4.3M	3.86M	5.9M	5.17M
Fixed Asset Turnover	312.38x	50.72x	88.72x	7.93x	5.48x	2.82x	0.57x	12.49x	3.62x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	2.02M	4M	7.71M	11.18M	14.25M	6.92M	1.37M	0	0
Long-Term Investments	0	7.68K	1.75M	1.73M	1.91M	1.88M	1.72M	1.69M	0
Other Non-Current Assets	0	14.78K	0	0	4.23M	1.7M	5.8M	2.39M	0
Total Assets+	12.48M	33.58M	35.47M	58.82M	75.69M	36.51M	34.28M	49.26M	75.23M
Asset Turnover	0.75x	0.42x	0.52x	0.41x	0.33x	0.33x	0.06x	1.50x	0.25x
Asset Growth %	-	1.69%	0.06%	0.66%	0.29%	-0.52%	-0.06%	0.44%	0.53%
Total Current Liabilities+	5.53M	11.59M	7.12M	13.68M	16.24M	18.28M	17.41M	5.66M	40.65M
Accounts Payable	2.31M	5.71M	1.4M	293.99K	211.57K	959.2K	324.99K	318.73K	34.16M
Days Payables Outstanding	184.1	392.98	83.83	14.25	6.91	60.54	123.77	1.6	725.75
Short-Term Debt	2.06M	3.71M	3.26M	6.23M	5.64M	860.91K	485.09K	273.71K	146.34K
Deferred Revenue (Current)	0	0	0	0	0	0	19.63K	3.02K	2.98K
Other Current Liabilities	610.28K	510.68K	1.82M	5.93M	8.34M	13.66M	15.57M	3.56M	3.98M
Current Ratio	1.88x	2.52x	3.60x	3.12x	3.12x	1.19x	1.24x	6.93x	1.72x
Quick Ratio	1.72x	2.47x	3.56x	3.11x	3.12x	1.18x	1.24x	3.84x	0.14x
Cash Conversion Cycle	41.12	-181.93	171.51	402.46	472.47	537.32	-	192.15	752.66
Total Non-Current Liabilities+	0	177.03K	91.99K	385.38K	505.75K	579.65K	2.34M	2.98M	2.44M
Long-Term Debt	0	177.03K	91.99K	13.33K	505.75K	517.59K	2.31M	834.95K	773.95K
Capital Lease Obligations	0	0	0	372.05K	0	62.06K	31.04K	2.14M	1.67M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0
Total Liabilities	5.53M	11.77M	7.21M	14.07M	16.74M	18.86M	19.75M	8.64M	43.09M
Total Debt+	2.06M	3.89M	3.36M	6.62M	6.15M	1.54M	2.82M	3.49M	2.75M
Net Debt	1.1M	1.52M	-8.47M	-8.86M	-9.6M	1.4M	2.75M	3.08M	2.74M
Debt / Equity	0.30x	0.18x	0.12x	0.15x	0.10x	0.09x	0.19x	0.09x	0.09x
Debt / EBITDA	0.71x	0.63x	0.38x	0.64x	0.55x	-	-	-	-
Net Debt / EBITDA	0.38x	0.25x	-0.97x	-0.85x	-0.86x	-	-	-	-
Interest Coverage	19.78x	31.83x	56.85x	53.77x	19.55x	-109.98x	-52.85x	-53.47x	-1.32x
Total Equity+	6.95M	21.81M	28.26M	44.75M	58.95M	17.65M	14.53M	40.62M	32.14M
Equity Growth %	-	2.14%	0.3%	0.58%	0.32%	-0.7%	-0.18%	1.8%	-0.21%
Book Value per Share	2.00	6.27	8.12	12.73	14.79	3.49	169.63	131.14	53.82
Total Shareholders' Equity	6.95M	21.81M	28.26M	44.75M	58.84M	15.19M	12.11M	40.62M	32.14M
Common Stock	33K	33K	33K	35.14K	38.55K	53.82K	98.95K	583.98K	584.98K
Retained Earnings	2.92M	7.51M	15.17M	24.13M	31.39M	-25.75M	-35.11M	-56.83M	-66.36M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-58.6K	1.43M	221.5K	-188.9K	3.95M	4.6M	2.98M	3.04M	3.05M
Minority Interest	0	0	0	0	111.4K	2.46M	2.42M	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.27M	6.99M	-414.6K	12.31M	5.04M	-20.11M	-1.19M	-2.11M	-885K
Operating CF Margin %	0.24%	0.49%	-0.02%	0.52%	0.21%	-1.66%	-0.54%	-0.03%	-0.05%
Operating CF Growth %	-	2.07%	-1.06%	30.69%	-0.59%	-4.99%	0.94%	-0.77%	0.58%
Net Income	2.57M	5.12M	7.92M	9.07M	7.94M	-58.63M	-9.08M	-26.69M	-9.53M
Depreciation & Amortization	99.75K	207.96K	463.54K	921.68K	1.01M	3.86M	354.23K	420.46K	208.67K
Stock-Based Compensation	0	0	0	0	0	0	4.04M	0	966.21K
Deferred Taxes	-4.23K	-14.43K	-107.4K	-48.71K	63.11K	119.13K	0	0	0
Other Non-Cash Items	225.4K	93.35K	496.3K	921.9K	1.08M	31.4M	3.36M	62.81M	2.32M
Working Capital Changes	-621.32K	1.58M	-9.19M	1.44M	-5.04M	3.31M	4.18M	-38.65M	5.15M
Change in Receivables	-849.83K	-2.37M	-6.63M	-3.4M	-6.22M	4.01M	5.15M	-16.12M	15.2M
Change in Inventory	323.18K	346.82K	304.07K	145.89K	34.49K	41.46K	116.11K	-17.55M	-47.02M
Change in Payables	186.16K	3.12M	-4.15M	-1.1M	-82.42K	746.84K	-21.89K	-6.26K	33.84M
Cash from Investing+	-4.75M	-15.81M	10.8M	-19.11M	-10.76M	-4.52M	6.34K	-15.38K	0
Capital Expenditures	-1.74M	-2.02M	-4.48M	-6.64M	-11.87M	-16.53M	-3.43K	0	0
CapEx % of Revenue	0.19%	0.14%	0.24%	0.28%	0.48%	1.36%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	1.09M	12.99M	9.76K	0	0
Cash from Financing+	2.04M	10.17M	-426.22K	10.6M	2.49M	7.57M	2.53M	2.25M	484.86K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	2.26M	8.8M	31.72K	7.9M	0	160.67K	-13.09K	-53.91K	600.39K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.25M	6.94M	-459.51K	10.09M	2.84M	-36.64M	-1.19M	-2.11M	-885K
FCF Margin %	0.24%	0.49%	-0.02%	0.42%	0.12%	-3.02%	-0.54%	-0.03%	-0.05%
FCF Growth %	-	2.09%	-1.07%	22.96%	-0.72%	-13.92%	0.97%	-0.77%	0.58%
FCF per Share	0.65	1.99	-0.13	2.87	0.71	-7.25	-13.95	-6.82	-1.48
FCF Conversion (FCF/Net Income)	0.88x	1.36x	-0.05x	1.36x	0.62x	0.34x	0.13x	0.11x	0.09x
Interest Paid	0	0	0	0	0	0	0	0	206.63K
Taxes Paid	0	0	0	0	779.46K	1.53M	1.1M	6.08K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	37.02%	35.63%	31.64%	24.86%	15.76%	-153.08%	-58.2%	-69.98%	-26.18%
Return on Invested Capital (ROIC)	26.23%	28.41%	28.94%	25.55%	17.96%	-112.2%	-32.54%	-37.36%	-8.51%
Gross Margin	51.06%	62.53%	67.04%	68.4%	54.55%	53.4%	56.35%	1.57%	8.26%
Net Margin	27.52%	36.23%	42.74%	38.07%	33.21%	-482.97%	-426.47%	-26.19%	-50.87%
Debt / Equity	0.30x	0.18x	0.12x	0.15x	0.10x	0.09x	0.19x	0.09x	0.09x
Interest Coverage	19.78x	31.83x	56.85x	53.77x	19.55x	-109.98x	-52.85x	-53.47x	-1.32x
FCF Conversion	0.88x	1.36x	-0.05x	1.36x	0.62x	0.34x	0.13x	0.11x	0.09x
Revenue Growth	-	51.24%	31.01%	28.62%	3.21%	-50.65%	-81.91%	3255.57%	-74.59%

Revenue by Segment

	2019	2020	2021	2022	2023
Information Service	-	-	-	-	549.24K
Information Service Growth	-	-	-	-	-
Mobile game	2.81M	2.48M	-	5.18M	-
Mobile game Growth	-	-11.65%	-	-	-
Information service	-	8.66M	-	884.33K	-
Information service Growth	-	-	-	-	-
Interactive toys - game series	28.31M	21.4M	-	155.56K	-
Interactive toys - game series Growth	-	-24.43%	-	-	-
Interactive toys - animation series	241.87K	3.32M	798.07K	34.19K	-
Interactive toys - animation series Growth	-	1271.83%	-75.95%	-95.72%	-
Communication service	-	10.54M	-	-	-
Communication service Growth	-	-	-	-	-

Revenue by Geography

	2019	2020	2021	2022	2023
Domestic PRC	23.83M	30.19M	15.16M	7.38M	-
Domestic PRC Growth	-	26.67%	-49.80%	-51.33%	-

Frequently Asked Questions

Growth & Financials

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) reported $46.2M in revenue for fiscal year 2024. This represents a 394% increase from $9.4M in 2016.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) saw revenue decline by 74.6% over the past year.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) reported a net loss of $14.4M for fiscal year 2024.

Dividend & Returns

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) has a return on equity (ROE) of -26.2%. Negative ROE indicates the company is unprofitable.

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) had negative free cash flow of $0.9M in fiscal year 2024, likely due to heavy capital investments.