Revenue: 227,855,500 CNY; YoY -9.51%; QoQ -27.55%
Gross Profit: 26,973,000 CNY; YoY -12.76%; QoQ +6.91%
Gross Margin: 11.84%
Operating Income: 5,233,500 CNY; YoY +23.11%; QoQ +245.90%
EBITDA: 5,355,500 CNY; Margin (EBITDA) ~2.35%
Net Income: 5,459,500 CNY; YoY +40.76%; QoQ +4,035.98%
Net Income Margin: 2.40%
EPS (diluted): 0.0027 CNY; YoY +42.11%; QoQ +2,600.00%
EPS (basic): 0.0027 CNY; same as diluted in QQ1 2025
Weighted Avg Shares (out): 2,045,522,667; Diluted: 2,044,947,350
EPS growth reflects profitability leverage against a lower topline.
Balance Sheet & Cash Flow:
- Cash and cash equivalents: 71,304,000 CNY; Net debt: -68,967,000 CNY (net cash position)
- Total assets: 341,065,000 CNY; Total liabilities: 133,485,000 CNY; Total equity: 207,580,000 CNY
- Current assets: 318,965,000 CNY; Current liabilities: 133,116,000 CNY; Current ratio ~2.39x; Quick ratio ~1.93x
- CFO: 15,131,000 CNY; Free cash flow: 15,102,000 CNY
- Working capital change: 38,376,000 CNY (receivables +6,044,000; inventory +29,279,000; other working capital +3,053,000); non-cash items include -29,375,000 CNY
- Capex: -29,000 CNY; Net cash from investing activities: -82,000 CNY; Net cash from financing activities: -21,402,500 CNY; cash impact from forex: -278,000 CNY
Q1 2025 vs. peers and industry benchmarks: Edensoft’s QQ1 2025 gross margin of 11.84% sits mid-range among Chinese IT services peers shown in the dataset (e.g., 1134.HK ~9.01% gross margin, 1084.HK ~21.5% in their respective periods, 1145.HK negative gross margin). Net income margin at 2.40% is modest but healthier than peers with negative profitability in the same period (for example, 1145.HK shows negative gross and net margins in Q1). The company’s net cash position and robust current ratio provide balance sheet resilience relative to peers with higher leverage or weaker liquidity in similar segments.