Bairong Inc (6608.HK) Q4 2024 Earnings Report

Bairong Inc reported solid Q4 2024 earnings with a revenue of 803.96 million CNY, up 11.83% year over year, underpinned by core software analytics and precision marketing capabilities for financial institutions in China. The gross margin improved to 73.05%, contributing to an operating margin of approximately 8.0% and a net margin near 7.85%, translating into net income of 63.11 million CNY and earnings per share (basic) of 0.14 CNY for the quarter. Free cash flow generation remained robust, with free cash flow of 232.23 million CNY and operating cash flow of 214.73 million CNY, supported by a highly liquid balance sheet (current ratio of 4.58 and cash plus short-term investments of 3.46 billion CNY).

The company entered 2025 with a strong financial footprint, including a net cash position (net debt negative 612.33 million CNY) and a disciplined capital expenditure program (CAPEX 17.51 million CNY in Q4) that contributed to 232.23 million CNY of free cash flow. Management commentary (where available) was not included in the provided transcript dataset; as such, the forward-looking stance relies on quantitative outputs and market context. The data signal a financially resilient, asset-light software provider with high gross margins, defensible recurring revenue streams, and substantial liquidity to pursue selective investments or strategic partnerships in China’s evolving financial technology ecosystem.

Overall, the QQ4 2024 quarter reinforces a steady-to-better trajectory in top-line growth with prudent cost control, producing a healthy cash generation profile and a favorable balance sheet. The key question for investors remains the sustainability of revenue growth given regulatory dynamics, competitive intensity in enterprise software, and the pace of AI-enabled analytics adoption across financial services.”,