Revenue and profitability trends:
- Revenue: 803,959,500 (CNY). YoY growth: 11.83%; QoQ growth: 21.69%.
- Gross Profit: 587,278,500; Gross Margin: 0.7305 (73.05%). YoY: 11.62%; QoQ: 22.33%.
- Operating Income: 64,201,000; Operating Margin: 0.0799 (7.99%). YoY: -10.19%; QoQ: -18.13%.
- Net Income: 63,113,000; Net Margin: 0.0785 (7.85%). YoY: -6.64%; QoQ: -9.81%.
- EBITDA: 51,744,500; EBITDA Margin: 0.0644 (6.44%).
- EPS (basic): 0.14; EPS (diluted): 0.13. YoY EPS: 7.69%; QoQ: -6.67%.
Cost structure and efficiency:
- Research and development expenses: 141,704,500 (approx. 17.6% of revenue).
- Selling, general and administrative expenses: 410,306,000; total operating expenses: 523,077,501; cost of revenue: 216,681,000.
- Interest expense: not indicated; Depreciation and amortization: 8,537,500.
Cash flow and liquidity:
- Net cash provided by operating activities: 214,727,500.
- Free cash flow: 232,234,000.
- Cash at period end: cash and equivalents 739,227,000; short-term investments 2,243,569,000; total cash and short-term investments 3,463,364,000.
- Net debt: -612,332,000 (net cash position).
- Capital expenditures: 17,506,500; Dividends paid: not indicated; Other financing activities: -142,457,500; Net financing impact: -146,151,000.
Balance sheet health and leverage:
- Total assets: 5,695,292,000; Total liabilities: 1,168,642,000; Total stockholders’ equity: 4,517,079,000.
- Current ratio: 4.58; Quick ratio: 4.58; Cash ratio: 0.697.
- Total debt: 126,895,000; Debt-to-equity: 0.0281; Net debt to EBITDA proxies show a strong liquidity profile for ongoing investment.
Valuation context:
- Price-to-book: 0.963; Price-to-sales: 5.41; Price-to-earnings: 17.23.
- Enterprise value multiple: 72.23; Price-to-free cash flows: 18.73; Price-to-operating cash flows: 20.26. These multiples reflect a cash-generative, growth-oriented software play with growth potential in China’s fintech/analytics landscape.