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

69.8%

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	2025-12-31	2025-06-30	2025-03-31
Revenue	30,399,000	343,168,339	30,399,000	15,199,500
Cost of Revenue	25,636,000	264,036,995	25,636,000	12,818,000
Gross Profit	4,763,000	79,131,340	4,763,000	2,381,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	51,981,000	59,670,472	51,981,000	25,990,500
Operating Expenses	51,981,000	59,670,472	51,981,000	25,990,500
Operating Income	-47,218,000	19,460,867	-47,218,000	-23,609,000
Interest Expense	0	15,557,145	19,023,000	0
Income Before Tax	-45,732,000	-45,707,496	-45,732,000	-22,866,000
Income Tax Expense	0	13,602,838	0	0
Net Income	-45,732,000	-59,310,338	-45,732,000	-22,866,000
Per Share
EPS	-0.06	-0.31	-0.31	-0.03
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Platt Nera International Limited (1949.HK).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	365,575,743	109,067,000	484,762,000	269,589,000	337,543,000
Cost of Revenue	283,463,569	85,068,000	395,877,000	304,774,000	300,266,000
Gross Profit	82,112,174	23,999,000	88,885,000	-35,185,000	37,277,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	169,020,165	61,256,000	65,568,000	66,589,000	76,775,000
Operating Expenses	169,020,165	61,256,000	65,568,000	66,589,000	76,775,000
Operating Income	-86,907,990	-37,257,000	23,317,000	-63,045,000	-39,498,000
Interest Expense	33,500,681	41,758,000	37,752,000	45,316,000	51,896,000
Income Before Tax	-88,680,879	-264,190,000	10,676,000	-108,361,000	-42,769,000
Income Tax Expense	13,335,037	21,900,000	2,782,000	-24,339,000	-13,427,000
Net Income	-102,013,036	-286,080,000	7,894,000	-84,022,000	-29,342,000
Per Share
EPS	-0.61	-2.25	0.02	-0.18	-0.07
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)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	117,709,561	74,747,000	12,620,000	26,310,000
Short Term Investments	48,761,930	70,536,000	80,180,000	0
Net Receivables	421,132,700	371,882,000	575,527,000	481,722,000
Inventory	80,907,704	93,043,000	5,072,000	5,072,000
Total Current Assets	812,805,528	844,656,000	934,353,000	833,414,000
Property Plant Equipment	8,030,695	54,398,000	9,735,000	2,311,000
Goodwill and Intangibles	0	46,000	109,000	174,000
Total Assets	1,103,538,889	1,236,986,000	1,634,253,000	1,680,318,000
Liabilities
Account Payables	345,932,647	413,001,000	407,234,000	366,551,000
Short Term Debt	155,475,018	141,728,000	200,801,000	236,206,000
Total Current Liabilities	610,699,695	660,390,000	682,315,000	679,296,000
Long Term Debt	153,170,966	202,035,000	223,644,000	159,216,000
Total Liabilities	769,867,195	872,609,000	1,156,764,000	1,294,140,000
Shareholders Equity
Retained Earnings	0	0	-233,093,000	-240,987,000
Total Shareholders Equity	333,671,690	327,551,000	477,489,000	386,178,000

Balance sheet annual history for Platt Nera International Limited (1949.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	117,709,561	74,747,000	12,620,000	26,310,000	62,140,000
Short Term Investments	48,761,930	70,536,000	80,180,000	0	0
Net Receivables	421,132,700	371,882,000	575,527,000	481,722,000	0
Inventory	80,907,704	93,043,000	5,072,000	5,072,000	5,072,000
Total Current Assets	812,805,528	844,656,000	934,353,000	833,414,000	1,062,395,000
Property Plant Equipment	8,030,695	54,398,000	9,735,000	2,311,000	6,292,000
Goodwill and Intangibles	0	46,000	109,000	174,000	416,000
Total Assets	1,103,538,889	1,236,986,000	1,634,253,000	1,680,318,000	1,930,865,000
Liabilities
Account Payables	345,932,647	413,001,000	407,234,000	366,551,000	484,256,000
Short Term Debt	155,475,018	141,728,000	200,801,000	236,206,000	134,488,000
Total Current Liabilities	610,699,695	660,390,000	682,315,000	679,296,000	682,719,000
Long Term Debt	153,170,966	202,035,000	223,644,000	159,216,000	127,967,000
Total Liabilities	769,867,195	872,609,000	1,156,764,000	1,294,140,000	1,460,665,000
Shareholders Equity
Retained Earnings	0	0	-233,093,000	-240,987,000	0
Total Shareholders Equity	333,671,690	327,551,000	477,489,000	386,178,000	470,200,000

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