Virtual Mind Holding Company Limited (1520.HK)

Consumer Cyclical | Apparel Manufacturers
Income Statement (Quarterly) 2026-04-08 2025-06-30 2025-03-31 2024-12-31
Revenue 23,122,000 23,122,000 11,561,000 49,832,500
Cost of Revenue 22,940,000 22,940,000 11,470,000 46,719,500
Gross Profit 182,000 182,000 91,000 3,113,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 41,582,000 41,582,000 20,791,000 20,467,000
Operating Expenses 41,582,000 41,582,000 20,791,000 20,467,000
Operating Income -41,400,000 -41,400,000 -20,700,000 -17,354,000
Interest Expense 1,330,000 1,330,000 0 0
Income Before Tax -42,976,000 -42,976,000 -21,488,000 -24,021,500
Income Tax Expense -22,000 -22,000 5,500 846,500
Net Income -42,660,000 -42,660,000 -21,330,000 -24,233,000
Per Share
EPS -0.06 -0.06 -0.03 -0.04
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 129,595,000 66,328,000 89,620,000 139,818,000 114,474,000
Cost of Revenue 120,568,000 55,095,000 75,560,000 101,119,000 89,517,000
Gross Profit 9,027,000 11,233,000 14,060,000 38,699,000 24,957,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 54,189,000 86,126,000 78,155,000 68,267,000 61,596,000
Operating Expenses 65,026,000 86,126,000 99,469,000 66,503,000 59,150,000
Operating Income -55,999,000 -74,764,000 -119,063,000 -27,804,000 -34,193,000
Interest Expense 6,633,000 6,318,000 3,991,000 366,000 315,000
Income Before Tax -76,330,000 -94,639,000 -58,403,000 -46,020,000 -67,038,000
Income Tax Expense 1,717,000 -621,000 7,472,000 251,000 1,077,000
Net Income -76,628,000 -93,749,000 -65,875,000 -46,271,000 -68,115,000
Per Share
EPS -0.13 -0.05 -0.04 -0.03 -0.04
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 6,218,000 31,243,000 11,208,000 15,348,000
Short Term Investments 49,423,000 12,555,000 13,189,000 15,681,000
Net Receivables 36,801,000 82,965,000 154,215,000 0
Inventory 13,100,000 8,435,000 6,564,000 6,016,000
Total Current Assets 158,646,000 162,923,000 238,051,000 183,312,000
Property Plant Equipment 5,847,000 5,931,000 5,185,000 13,723,000
Goodwill and Intangibles 19,910,000 29,612,000 43,343,000 35,432,000
Total Assets 195,071,000 214,185,000 288,373,000 234,832,000
Liabilities
Account Payables 6,500,000 7,743,000 17,586,000 19,124,000
Short Term Debt 18,437,000 6,483,000 6,241,000 7,022,000
Total Current Liabilities 56,888,000 39,048,000 53,857,000 37,643,000
Long Term Debt 8,162,000 37,425,000 25,216,000 932,000
Total Liabilities 65,050,000 65,473,000 79,073,000 38,575,000
Shareholders Equity
Retained Earnings 0 -358,605,000 -268,107,000 0
Total Shareholders Equity 130,957,000 148,113,000 208,432,000 196,257,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 6,218,000 31,243,000 11,208,000 15,348,000 78,547,000
Short Term Investments 49,423,000 12,555,000 13,189,000 15,681,000 0
Net Receivables 36,801,000 82,965,000 154,215,000 0 0
Inventory 13,100,000 8,435,000 6,564,000 6,016,000 11,971,000
Total Current Assets 158,646,000 162,923,000 238,051,000 183,312,000 231,604,000
Property Plant Equipment 5,847,000 5,931,000 5,185,000 13,723,000 16,065,000
Goodwill and Intangibles 19,910,000 29,612,000 43,343,000 35,432,000 35,432,000
Total Assets 195,071,000 214,185,000 288,373,000 234,832,000 283,700,000
Liabilities
Account Payables 6,500,000 7,743,000 17,586,000 19,124,000 24,651,000
Short Term Debt 18,437,000 6,483,000 6,241,000 7,022,000 3,654,000
Total Current Liabilities 56,888,000 39,048,000 53,857,000 37,643,000 43,954,000
Long Term Debt 8,162,000 37,425,000 25,216,000 932,000 1,321,000
Total Liabilities 65,050,000 65,473,000 79,073,000 38,575,000 45,275,000
Shareholders Equity
Retained Earnings 0 -358,605,000 -268,107,000 0 0
Total Shareholders Equity 130,957,000 148,113,000 208,432,000 196,257,000 238,425,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income -76,446,000 -93,749,000 -58,403,000 -46,271,000
Depreciation & Amortization 3,534,000 3,523,000 5,047,000 6,888,000
Stock Based Compensation 826,000 17,108,000 8,638,000 3,741,000
Change in Working Capital -46,692,000 16,640,000 -35,866,000 -48,839,000
Operating Cash Flow -77,705,000 -27,734,000 -81,009,000 -58,792,000
Investing Activities
Capital Expenditure -1,390,000 -1,115,000 -1,478,000 -731,000
Investments -1,390,000 -1,115,000 -1,478,000 -731,000
Investing Cash Flow -1,241,000 -930,000 73,978,000 -730,000
Financing Activities
Debt Repayment 7,565,000 -360,000 -50,000,000 0
Common Stock Issued/Repurchased 51,836,000 15,490,000 0 0
Dividends Paid 0 0 0 0
Financing Cash Flow 53,835,000 10,244,000 46,665,000 -928,000
Summary
Free Cash Flow -79,095,000 -28,849,000 -82,487,000 -59,523,000
Net Change in Cash -25,025,000 -20,769,000 36,664,000 -63,199,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income -76,446,000 -93,749,000 -58,403,000 -46,271,000 -68,115,000
Depreciation & Amortization 3,534,000 3,523,000 5,047,000 6,888,000 8,044,000
Stock Based Compensation 826,000 17,108,000 8,638,000 3,741,000 0
Change in Working Capital -46,692,000 16,640,000 -35,866,000 -48,839,000 -2,441,000
Operating Cash Flow -77,705,000 -27,734,000 -81,009,000 -58,792,000 -20,746,000
Investing Activities
Capital Expenditure -1,390,000 -1,115,000 -1,478,000 -731,000 0
Investments -1,390,000 -1,115,000 -1,478,000 -731,000 0
Investing Cash Flow -1,241,000 -930,000 73,978,000 -730,000 4,419,000
Financing Activities
Debt Repayment 7,565,000 -360,000 -50,000,000 0 0
Common Stock Issued/Repurchased 51,836,000 15,490,000 0 0 0
Dividends Paid 0 0 0 0 0
Financing Cash Flow 53,835,000 10,244,000 46,665,000 -928,000 -6,012,000
Summary
Free Cash Flow -79,095,000 -28,849,000 -82,487,000 -59,523,000 -20,746,000
Net Change in Cash -25,025,000 -20,769,000 36,664,000 -63,199,000 -22,450,000