Bairong Inc (6608.HK)

Technology | Software Infrastructure
Income Statement (Quarterly) 2026-04-07 2025-06-30 2025-03-31 2024-12-31
Revenue 1,611,797,000 1,611,797,000 805,898,500 803,959,500
Cost of Revenue 435,128,000 435,128,000 217,564,000 216,681,000
Gross Profit 1,176,669,000 1,176,669,000 588,334,500 587,278,500
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 757,980,000 757,980,000 378,990,000 410,306,000
Operating Expenses 975,775,000 975,775,000 487,887,500 523,077,501
Operating Income 200,894,000 200,894,000 100,447,000 64,201,000
Interest Expense 0 0 0 0
Income Before Tax 201,398,000 201,398,000 100,699,000 68,991,000
Income Tax Expense 174,000 174,000 87,000 7,393,000
Net Income 190,264,000 190,264,000 95,132,000 63,113,000
Per Share
EPS 0.42 0.42 0.21 0.14
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 2,929,267,000 2,680,915,000 2,054,178,000 1,623,464,000 1,136,532,000
Cost of Revenue 794,577,000 726,383,000 573,057,000 428,836,000 298,395,000
Gross Profit 2,134,690,000 1,954,532,000 1,481,121,000 1,194,628,000 838,137,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 1,446,660,000 1,332,265,000 1,054,621,000 838,751,000 639,412,000
Operating Expenses 1,849,456,000 1,607,765,000 1,399,488,000 1,077,332,000 831,236,000
Operating Income 285,234,000 346,767,000 170,478,000 80,037,000 32,607,000
Interest Expense 7,005,000 16,308,000 12,977,000 8,607,000 10,851,000
Income Before Tax 291,439,000 336,217,000 228,587,000 -3,596,645,000 -110,597,000
Income Tax Expense 25,410,000 958,000 -718,000 7,388,000 -1,536,000
Net Income 266,182,000 340,459,000 239,661,000 -3,603,016,000 -110,555,000
Per Share
EPS 0.58 0.68 0.50 -7.27 -0.22
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 739,227,000 913,987,000 888,508,000 3,346,487,000
Short Term Investments 2,724,137,000 1,129,246,000 848,738,000 500,334,000
Net Receivables 611,816,000 0 361,663,000 0
Inventory 0 0 247,936,000 0
Total Current Assets 4,855,674,000 3,083,818,000 2,531,443,000 4,430,600,000
Property Plant Equipment 206,160,000 101,064,000 114,734,000 132,313,000
Goodwill and Intangibles 64,671,000 166,897,000 234,222,000 242,938,000
Total Assets 5,695,292,000 5,505,769,000 5,267,273,000 4,873,090,000
Liabilities
Account Payables 256,657,000 301,856,000 165,338,000 94,624,000
Short Term Debt 36,396,000 130,425,000 95,646,000 86,302,000
Total Current Liabilities 1,059,922,000 1,033,792,000 911,383,000 635,489,000
Long Term Debt 90,499,000 14,085,000 35,873,000 71,862,000
Total Liabilities 1,168,642,000 1,056,845,000 956,869,000 718,556,000
Shareholders Equity
Retained Earnings 0 0 -4,821,250,000 0
Total Shareholders Equity 4,517,079,000 4,439,200,000 4,295,480,000 4,128,997,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 739,227,000 913,987,000 888,508,000 3,346,487,000 41,949,000
Short Term Investments 2,724,137,000 1,129,246,000 848,738,000 500,334,000 806,101,000
Net Receivables 611,816,000 0 361,663,000 0 0
Inventory 0 0 247,936,000 0 0
Total Current Assets 4,855,674,000 3,083,818,000 2,531,443,000 4,430,600,000 1,075,480,000
Property Plant Equipment 206,160,000 101,064,000 114,734,000 132,313,000 166,314,000
Goodwill and Intangibles 64,671,000 166,897,000 234,222,000 242,938,000 64,145,000
Total Assets 5,695,292,000 5,505,769,000 5,267,273,000 4,873,090,000 1,327,778,000
Liabilities
Account Payables 256,657,000 301,856,000 165,338,000 94,624,000 53,136,000
Short Term Debt 36,396,000 130,425,000 95,646,000 86,302,000 44,896,000
Total Current Liabilities 1,059,922,000 1,033,792,000 911,383,000 635,489,000 279,933,000
Long Term Debt 90,499,000 14,085,000 35,873,000 71,862,000 86,439,000
Total Liabilities 1,168,642,000 1,056,845,000 956,869,000 718,556,000 2,584,850,000
Shareholders Equity
Retained Earnings 0 0 -4,821,250,000 0 0
Total Shareholders Equity 4,517,079,000 4,439,200,000 4,295,480,000 4,128,997,000 -1,274,818,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 266,182,000 340,459,000 229,305,000 -3,604,033,000
Depreciation & Amortization 82,603,000 77,210,000 85,809,000 84,322,000
Stock Based Compensation 110,022,000 39,805,000 64,687,000 22,787,000
Change in Working Capital 0 -89,361,000 5,923,000 7,818,000
Operating Cash Flow 302,784,000 339,159,000 302,450,000 265,139,000
Investing Activities
Capital Expenditure 0 -28,262,000 -24,465,000 -21,121,000
Investments 0 -25,593,000 -24,465,000 -20,486,000
Investing Cash Flow 30,122,000 -39,266,000 -2,563,341,000 141,096,000
Financing Activities
Debt Repayment 0 46,360,000 -51,000,000 0
Common Stock Issued/Repurchased 0 -236,927,000 -138,144,000 3,073,372,000
Dividends Paid 0 0 0 0
Financing Cash Flow -468,901,000 -270,679,000 -221,587,000 2,996,012,000
Summary
Free Cash Flow 244,073,000 310,897,000 277,985,000 244,018,000
Net Change in Cash -135,595,000 25,479,000 -2,457,979,000 3,304,538,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 266,182,000 340,459,000 229,305,000 -3,604,033,000 -109,061,000
Depreciation & Amortization 82,603,000 77,210,000 85,809,000 84,322,000 77,842,000
Stock Based Compensation 110,022,000 39,805,000 64,687,000 22,787,000 36,718,000
Change in Working Capital 0 -89,361,000 5,923,000 7,818,000 86,608,000
Operating Cash Flow 302,784,000 339,159,000 302,450,000 265,139,000 208,759,000
Investing Activities
Capital Expenditure 0 -28,262,000 -24,465,000 -21,121,000 -18,373,000
Investments 0 -25,593,000 -24,465,000 -20,486,000 -14,392,000
Investing Cash Flow 30,122,000 -39,266,000 -2,563,341,000 141,096,000 -251,775,000
Financing Activities
Debt Repayment 0 46,360,000 -51,000,000 0 0
Common Stock Issued/Repurchased 0 -236,927,000 -138,144,000 3,073,372,000 0
Dividends Paid 0 0 0 0 0
Financing Cash Flow -468,901,000 -270,679,000 -221,587,000 2,996,012,000 -65,170,000
Summary
Free Cash Flow 244,073,000 310,897,000 277,985,000 244,018,000 190,386,000
Net Change in Cash -135,595,000 25,479,000 -2,457,979,000 3,304,538,000 -108,968,000