Revenue performance:
- QQ4 2024 revenue: 126,341,000 CNY, YoY +5.53%, QoQ +0.00% (consistent with Q3 2024 revenue of 126,341,000 CNY).
Gross profit and margin:
- Gross profit: 30,371,500 CNY; gross margin 24.04% (0.2404).
- YoY gross profit change: -25.88% (from 40,977,500 CNY in QQ4 2023).
Operating profitability:
- EBITDA: 11,850,000 CNY; EBITDA margin ~9.38% (0.0938).
- Operating income: 11,811,000 CNY; operating margin ~9.35% (0.0935).
- Net income: 7,662,500 CNY; net margin ~6.07% (0.0606); YoY net income change: -53.92%.
Earnings per share:
- EPS: 0.0153 CNY; YoY EPS change: -60.36%.
Cash flow and liquidity:
- Net cash from operating activities: 10,481,500 CNY.
- Capital expenditure: -12,367,000 CNY.
- Free cash flow: -1,885,500 CNY.
- Cash and short-term investments: 114,534,000 CNY total (cash 40,497,000; short-term investments 74,037,000).
- Net debt: -182,843,000 CNY (total debt 223,340,000 CNY; cash balance ~114.5m across cash and short-term investments).
Liquidity and solvency:
- Current ratio: 1.579x; quick ratio: 1.568x; cash ratio: 0.109x.
Balance sheet strength:
- Total assets: 691,033,000 CNY; total liabilities: 371,672,000 CNY; total stockholders’ equity: 318,195,000 CNY.
- Short-term debt: 222,805,000 CNY; long-term debt: 535,000 CNY.
- Receivables: 539,343,000 CNY; days sales outstanding (DSO): 384.21 days.
- Inventory: 4,002,000 CNY; payables outstanding not disclosed.
Efficiency:
- Inventory turnover: 23.98x (high efficiency on inventory management when inventory is modest).
- Fixed asset turnover: 12.72x; asset turnover: 0.183x.
Valuation metrics:
- Price-to-book: 1.284x; price-to-sales: 3.23x; price-earnings: 13.33x; enterprise value multiple: 49.91x; price-to-cash flows and other cash-flow related multiples are not provided.
Notes: YoY and QoQ data are drawn from the IFRS-like segment/quarterly disclosures included in the QQ4 2024 dataset. Management commentary from the earnings call was not provided in the supplied data.