Platt Nera International Limited (1949.HK)

Name: Platt Nera International Limited Financial Statements
Creator: Quarter Results

Technology | Information Technology Services

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$30.4M

Net Income

-$45.7M

Operating Margin

-155.3%

Free Cash Flow

-$2.7M

Debt / Assets

70.5%

Values are in USD and rounded to the nearest whole number unless noted.

Swipe horizontally to view all columns.

Income statement quarterly history for Platt Nera International Limited (1949.HK).
Income Statement (Quarterly)	2026-04-08	2025-06-30	2025-03-31	2024-12-31
Revenue	30,399,000	30,399,000	15,199,500	42,613,000
Cost of Revenue	25,636,000	25,636,000	12,818,000	35,137,000
Gross Profit	4,763,000	4,763,000	2,381,500	7,476,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	51,981,000	51,981,000	25,990,500	34,491,000
Operating Expenses	51,981,000	51,981,000	25,990,500	34,491,000
Operating Income	-47,218,000	-47,218,000	-23,609,000	-27,015,000
Interest Expense	0	19,023,000	0	18,741,000
Income Before Tax	-45,732,000	-45,732,000	-22,866,000	-265,391,000
Income Tax Expense	0	0	0	21,900,000
Net Income	-45,732,000	-45,732,000	-22,866,000	-287,281,000
Per Share
EPS	-0.06	-0.31	-0.03	-2.10
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Platt Nera International Limited (1949.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	109,067,000	484,762,000	269,589,000	337,543,000	525,423,000
Cost of Revenue	85,068,000	395,877,000	304,774,000	300,266,000	610,237,000
Gross Profit	23,999,000	88,885,000	-35,185,000	37,277,000	-84,814,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	61,256,000	65,568,000	66,589,000	76,775,000	91,901,000
Operating Expenses	61,256,000	65,568,000	66,589,000	76,775,000	91,901,000
Operating Income	-37,257,000	23,317,000	-63,045,000	-39,498,000	-176,715,000
Interest Expense	41,758,000	37,752,000	45,316,000	51,896,000	10,959,000
Income Before Tax	-264,190,000	10,676,000	-108,361,000	-42,769,000	39,620,000
Income Tax Expense	21,900,000	2,782,000	-24,339,000	-13,427,000	35,393,000
Net Income	-286,080,000	7,894,000	-84,022,000	-29,342,000	4,227,000
Per Share
EPS	-2.25	0.02	-0.18	-0.07	0.01
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Platt Nera International Limited (1949.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	74,747,000	12,620,000	26,310,000	62,140,000
Short Term Investments	70,536,000	80,180,000	0	0
Net Receivables	371,882,000	575,527,000	481,722,000	0
Inventory	93,043,000	5,072,000	5,072,000	5,072,000
Total Current Assets	844,656,000	934,353,000	833,414,000	1,062,395,000
Property Plant Equipment	54,398,000	9,735,000	2,311,000	6,292,000
Goodwill and Intangibles	46,000	109,000	174,000	416,000
Total Assets	1,236,986,000	1,634,253,000	1,680,318,000	1,930,865,000
Liabilities
Account Payables	413,001,000	407,234,000	366,551,000	484,256,000
Short Term Debt	141,728,000	200,801,000	236,206,000	134,488,000
Total Current Liabilities	660,390,000	682,315,000	679,296,000	682,719,000
Long Term Debt	202,035,000	223,644,000	159,216,000	127,967,000
Total Liabilities	872,609,000	1,156,764,000	1,294,140,000	1,460,665,000
Shareholders Equity
Retained Earnings	0	-233,093,000	-240,987,000	0
Total Shareholders Equity	327,551,000	477,489,000	386,178,000	470,200,000

Balance sheet annual history for Platt Nera International Limited (1949.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	74,747,000	12,620,000	26,310,000	62,140,000	186,167,000
Short Term Investments	70,536,000	80,180,000	0	0	0
Net Receivables	371,882,000	575,527,000	481,722,000	0	0
Inventory	93,043,000	5,072,000	5,072,000	5,072,000	6,553,000
Total Current Assets	844,656,000	934,353,000	833,414,000	1,062,395,000	805,765,000
Property Plant Equipment	54,398,000	9,735,000	2,311,000	6,292,000	10,522,000
Goodwill and Intangibles	46,000	109,000	174,000	416,000	541,000
Total Assets	1,236,986,000	1,634,253,000	1,680,318,000	1,930,865,000	1,668,989,000
Liabilities
Account Payables	413,001,000	407,234,000	366,551,000	484,256,000	225,420,000
Short Term Debt	141,728,000	200,801,000	236,206,000	134,488,000	182,261,000
Total Current Liabilities	660,390,000	682,315,000	679,296,000	682,719,000	462,915,000
Long Term Debt	202,035,000	223,644,000	159,216,000	127,967,000	64,320,000
Total Liabilities	872,609,000	1,156,764,000	1,294,140,000	1,460,665,000	1,170,109,000
Shareholders Equity
Retained Earnings	0	-233,093,000	-240,987,000	0	-127,623,000
Total Shareholders Equity	327,551,000	477,489,000	386,178,000	470,200,000	498,880,000

Cash flow quarterly history for Platt Nera International Limited (1949.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-264,190,000	7,894,000	-108,361,000	-29,342,000
Depreciation & Amortization	9,406,000	4,288,000	4,662,000	4,732,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	36,442,000	-123,434,000	-86,599,000	-57,084,000
Operating Cash Flow	7,971,000	-98,631,000	-186,011,000	-102,171,000
Investing Activities
Capital Expenditure	-10,713,000	-17,000	-439,000	-377,000
Investments	-10,713,000	-17,000	-439,000	-377,000
Investing Cash Flow	65,920,000	-78,015,000	-439,000	-18,142,000
Financing Activities
Debt Repayment	-154,269,000	60,678,000	-201,498,000	-240,360,000
Common Stock Issued/Repurchased	135,489,000	87,745,000	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	-10,377,000	152,399,000	142,007,000	-3,711,000
Summary
Free Cash Flow	-2,742,000	-98,648,000	-186,450,000	-102,548,000
Net Change in Cash	61,553,000	-24,247,000	-44,443,000	-124,024,000

Cash flow annual history for Platt Nera International Limited (1949.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-264,190,000	7,894,000	-108,361,000	-29,342,000	4,227,000
Depreciation & Amortization	9,406,000	4,288,000	4,662,000	4,732,000	5,694,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	36,442,000	-123,434,000	-86,599,000	-57,084,000	-309,186,000
Operating Cash Flow	7,971,000	-98,631,000	-186,011,000	-102,171,000	-147,087,000
Investing Activities
Capital Expenditure	-10,713,000	-17,000	-439,000	-377,000	-757,000
Investments	-10,713,000	-17,000	-439,000	-377,000	-448,000
Investing Cash Flow	65,920,000	-78,015,000	-439,000	-18,142,000	-12,542,000
Financing Activities
Debt Repayment	-154,269,000	60,678,000	-201,498,000	-240,360,000	-282,050,000
Common Stock Issued/Repurchased	135,489,000	87,745,000	0	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-10,377,000	152,399,000	142,007,000	-3,711,000	97,313,000
Summary
Free Cash Flow	-2,742,000	-98,648,000	-186,450,000	-102,548,000	-147,844,000
Net Change in Cash	61,553,000	-24,247,000	-44,443,000	-124,024,000	-62,316,000