Dida Inc (2559.HK) Q4 2024 Earnings Report

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Dida Inc

2559.HK

HKD2.66 -1.48%

Exchange: HKSE | Sector: Industrials | Industry: General Transportation

Q4 2024

Published: Dec 31, 2024

Earnings Highlights

Revenue of $191.54M down 8.6% year-over-year
EPS of $0.03 decreased by 89% from previous year
Gross margin of 70.7%
Net income of 28.23M
"Not available" - N/A

2559.HK

Company 2559.HK

Period Q4 2024

Currency CNY

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Dida Inc delivered a solid cash-generative quarter in QQ4 2024, with revenue of 191.54 million CNY and a robust gross margin of 70.70%. Despite a year-over-year revenue decline of 8.55%, the company maintained a positive bottom line, posting net income of 28.23 million CNY and basic earnings per share of 0.0286. Operating cash flow reached 52.51 million CNY, driving free cash flow to 52.30 million CNY and leaving the balance sheet heavily net cash—cash and cash equivalents stood at 1.057 billion CNY against total debt of 10.08 million CNY, yielding a net debt position of -1.047 billion CNY. The strong liquidity profile supports ongoing investments in product development and monetization initiatives, even as top-line growth remains challenged on a YoY basis.

Key Performance Indicators

Revenue

Decreasing

191.54M

QoQ: 0.00% | YoY: -8.55%

Gross Profit

Decreasing

135.43M

70.70% margin

QoQ: 0.00% | YoY: -10.68%

Operating Income

Decreasing

23.15M

QoQ: 0.00% | YoY: -35.71%

Net Income

Decreasing

28.23M

QoQ: 0.00% | YoY: -89.16%

EPS

Decreasing

0.03

QoQ: 0.00% | YoY: -89.00%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: 191.54 million CNY in Q4 2024, YoY -8.55%, QoQ 0.00%.
Gross Profit: 135.43 million CNY, Gross Margin 70.70%; YoY -10.68%, QoQ 0.00%.
Operating Income: 23.15 million CNY, Operating Margin 12.09%; YoY -35.71%, QoQ 0.00%.
Net Income: 28.23 million CNY, Net Margin 14.74%; YoY -89.16%, QoQ 0.00%.
EPS (basic): 0.0286 CNY; YoY -89.00%, QoQ 0.00%.
EBITDA: 23.83 million CNY; EBITDA Margin 12.44%.
Operating Cash Flow: 52.51 million CNY; Free Cash Flow: 52.30 million CNY.
Capex: -0.20 million CNY; CFO/Net Income: 1.86x (positive cash flow quality).
Cash & Equivalents: 1.057 billion CNY; Total Debt: 10.08 million CNY; Net Debt: -1.047 billion CNY.
Current Ratio: 2.83; Quick Ratio: 2.83; Cash Ratio: 1.707.
ROE: 2.13%; ROA: 1.45%; Debt/Equity: 0.0076; Debt to Capitalization: 0.76%.
P/B: 1.27; P/S: 8.75; P/E: 14.85; P/FCF: 32.05; EV/Revenue: not disclosed.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	191.54M	-8.55%	0.00%
Gross Profit	135.43M	-10.68%	0.00%
Operating Income	23.15M	-35.71%	0.00%
Net Income	28.23M	-89.16%	0.00%
EPS	0.03	-89.00%	0.00%

Key Financial Ratios

Gross Profit Margin

Excellent

70.70%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Fair

12.10%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

14.70%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.45%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.13%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.83

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.01

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

14.85x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.27x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	143.17	0.07	+49.5%	View
Q1 2025	143.17	0.07	-29.2%	View
Q4 2024	191.54	0.03	-8.6%	View
Q3 2024	191.54	0.03	-8.6%	View

Dida Inc (2559.HK) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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