Executive Summary
International Business Digital Technology Limited (1782.HK) delivered QQ4 2024 revenue of 30.96 million CNY with a gross margin of approximately 44.8%, underscoring stable product profitability on a per-dollar basis. However, the quarter produced a net loss of 18.26 million CNY and an EBITDA loss of 11.51 million CNY, highlighting material operating deleveraging driven by elevated operating expenses (R&D, SG&A, and related costs). Year-over-year, revenue declined about 25.6% while operating income improved by ~20.0% on a YoY basis, yet remained negative, and net income deteriorated by roughly 40.1% YoY. The company’s liquidity position remains robust, with 77.3 million CNY in cash and equivalents and a net cash position of approximately 62.99 million CNY after debt, supporting ongoing investment in product development and potential growth initiatives. Notably, days sales outstanding average around 251 days indicate elongated working capital cycles, despite a strong current and quick ratio profile (current ratio 4.67, quick ratio 4.41). Management commentary is not disclosed in the provided transcript, limiting the ability to anchor qualitative catalysts to specific quotes.
Key Performance Indicators
Key Insights
Revenue: 30.961m CNY; YoY -25.57%, QoQ 0.00% | Gross Profit: 13.864m CNY; YoY -26.99%, QoQ 0.00% | EBITDA: -11.511m CNY; EBITDA Margin -37.17% | Operating Income: -13.333m CNY; Operating Margin -43.06% | Net Income: -18.263m CNY; Net Margin -58.98% | EPS: -0.0239 CNY; YoY -11.68%, QoQ 0.00%...
Financial Highlights
Revenue: 30.961m CNY; YoY -25.57%, QoQ 0.00% | Gross Profit: 13.864m CNY; YoY -26.99%, QoQ 0.00% | EBITDA: -11.511m CNY; EBITDA Margin -37.17% | Operating Income: -13.333m CNY; Operating Margin -43.06% | Net Income: -18.263m CNY; Net Margin -58.98% | EPS: -0.0239 CNY; YoY -11.68%, QoQ 0.00%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
30.96M |
-25.57% |
0.00% |
| Gross Profit |
13.86M |
-26.99% |
0.00% |
| Operating Income |
-13.33M |
20.01% |
0.00% |
| Net Income |
-18.26M |
-40.11% |
0.00% |
| EPS |
-0.02 |
-11.68% |
0.00% |
Key Financial Ratios
operatingProfitMargin
-43.1%
priceEarningsRatio
-39.79
Management Commentary
No earnings call transcript provided in the input. As a result, management-specific themes, strategy quotes, and operational commentary could not be extracted or grouped by theme.
Forward Guidance
No formal forward guidance was included in the provided data. Based on the quarterly results and industry dynamics, near-term drivers include further monetization of the SaaS offerings (APM Vista, NetVista, Trade QoS), improving operating leverage through cost optimization, and reducing working capital intensity (notably the high DSO of ~251 days). Management commentary would be required to assess any stated targets for revenue growth, gross margin stabilization, or cash flow improvements. In the absence of explicit targets, investors should monitor: (1) revenue growth trajectory for the SaaS platforms, (2) progression toward positive operating cash flow, (3) continued reduction in working capital days, (4) cost structure optimization, and (5) any regional expansion or product roadmap updates that could alter the growth profile.