Maiyue Technology Ltd (2501.HK)

Name: Maiyue Technology Ltd Financial Statements
Creator: Quarter Results

Technology | Information Technology Services

Latest reporting period: 2026-04-07

Latest Quarter

2026-04-07

Revenue

$24.1M

Net Income

-$10.5M

Operating Margin

-4.7%

Free Cash Flow

-$21.9M

Debt / Assets

60.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Maiyue Technology Ltd (2501.HK).
Income Statement (Quarterly)	2026-04-07	2025-12-31	2025-06-30	2025-03-31
Revenue	24,083,000	372,408,475	24,083,000	12,041,500
Cost of Revenue	17,399,000	312,425,191	17,399,000	8,699,500
Gross Profit	6,684,000	59,983,284	6,684,000	3,342,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	13,586,000	39,776,132	13,586,000	6,793,000
Operating Expenses	7,811,000	40,793,864	7,811,000	3,905,500
Operating Income	-1,127,000	19,189,419	-1,127,000	-563,500
Interest Expense	0	8,553,869	7,189,000	0
Income Before Tax	-9,705,000	15,789,111	-9,705,000	-4,852,500
Income Tax Expense	971,000	-60,965	971,000	485,500
Net Income	-10,545,000	15,971,024	-10,545,000	-5,272,500
Per Share
EPS	-0.02	0.03	-0.02	-0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Maiyue Technology Ltd (2501.HK).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	392,384,829	274,722,000	259,085,000	243,255,000
Cost of Revenue	326,451,592	206,149,000	173,645,000	138,624,000
Gross Profit	65,933,236	68,573,000	85,440,000	104,631,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	52,638,462	32,028,000	48,821,000	17,078,000
Operating Expenses	54,479,546	56,917,000	47,858,000	34,391,000
Operating Income	11,453,689	11,656,000	37,582,000	65,192,000
Interest Expense	15,782,673	12,082,000	10,484,000	8,907,000
Income Before Tax	6,187,602	-1,757,000	27,386,000	56,197,000
Income Tax Expense	885,473	-1,867,000	4,739,000	7,141,000
Net Income	5,549,554	433,000	22,881,000	48,774,000
Per Share
EPS	0.01	0.00	0.06	0.10
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Maiyue Technology Ltd (2501.HK).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	58,986,224	40,497,000	47,808,000	62,601,000
Short Term Investments	0	0	120,296,000	0
Net Receivables	572,138,669	539,343,000	345,943,000	0
Inventory	2,968,268	4,002,000	2,958,000	4,460,000
Total Current Assets	709,167,268	584,723,000	523,157,000	449,995,000
Property Plant Equipment	19,769,453	9,933,000	11,169,000	15,942,000
Goodwill and Intangibles	0	15,808,000	13,762,000	10,754,000
Total Assets	801,814,889	691,033,000	600,132,000	482,211,000
Liabilities
Account Payables	168,032,856	75,387,000	43,551,000	46,448,000
Short Term Debt	190,430,435	222,805,000	136,815,000	86,478,000
Total Current Liabilities	458,699,158	370,251,000	230,798,000	228,708,000
Long Term Debt	22,530,634	535,000	47,811,000	72,000,000
Total Liabilities	483,964,963	371,672,000	281,419,000	302,768,000
Shareholders Equity
Retained Earnings	0	237,654,000	237,221,000	0
Total Shareholders Equity	317,849,925	318,195,000	316,978,000	177,474,000

Balance sheet annual history for Maiyue Technology Ltd (2501.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	58,986,224	40,497,000	47,808,000	62,601,000
Short Term Investments	0	0	120,296,000	0
Net Receivables	572,138,669	539,343,000	345,943,000	0
Inventory	2,968,268	4,002,000	2,958,000	4,460,000
Total Current Assets	709,167,268	584,723,000	523,157,000	449,995,000
Property Plant Equipment	19,769,453	9,933,000	11,169,000	15,942,000
Goodwill and Intangibles	0	15,808,000	13,762,000	10,754,000
Total Assets	801,814,889	691,033,000	600,132,000	482,211,000
Liabilities
Account Payables	168,032,856	75,387,000	43,551,000	46,448,000
Short Term Debt	190,430,435	222,805,000	136,815,000	86,478,000
Total Current Liabilities	458,699,158	370,251,000	230,798,000	228,708,000
Long Term Debt	22,530,634	535,000	47,811,000	72,000,000
Total Liabilities	483,964,963	371,672,000	281,419,000	302,768,000
Shareholders Equity
Retained Earnings	0	237,654,000	237,221,000	0
Total Shareholders Equity	317,849,925	318,195,000	316,978,000	177,474,000

Cash flow quarterly history for Maiyue Technology Ltd (2501.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	433,000	22,881,000	56,197,000
Depreciation & Amortization	10,308,000	8,206,000	8,138,000
Stock Based Compensation	0	0	0
Change in Working Capital	-92,826,000	-180,352,000	-58,220,000
Operating Cash Flow	3,043,000	-142,200,000	10,114,000
Investing Activities
Capital Expenditure	-24,943,000	-12,490,000	-15,595,000
Investments	-24,943,000	-3,301,000	-15,595,000
Investing Cash Flow	-38,914,000	-9,756,000	-17,921,000
Financing Activities
Debt Repayment	38,294,000	25,357,000	-75,011,000
Common Stock Issued/Repurchased	0	135,402,000	0
Dividends Paid	0	0	0
Financing Cash Flow	28,569,000	138,899,000	21,252,000
Summary
Free Cash Flow	-21,900,000	-154,690,000	-5,481,000
Net Change in Cash	-7,311,000	-14,793,000	13,445,000

Cash flow annual history for Maiyue Technology Ltd (2501.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	433,000	22,881,000	56,197,000
Depreciation & Amortization	10,308,000	8,206,000	8,138,000
Stock Based Compensation	0	0	0
Change in Working Capital	-92,826,000	-180,352,000	-58,220,000
Operating Cash Flow	3,043,000	-142,200,000	10,114,000
Investing Activities
Capital Expenditure	-24,943,000	-12,490,000	-15,595,000
Investments	-24,943,000	-3,301,000	-15,595,000
Investing Cash Flow	-38,914,000	-9,756,000	-17,921,000
Financing Activities
Debt Repayment	38,294,000	25,357,000	-75,011,000
Common Stock Issued/Repurchased	0	135,402,000	0
Dividends Paid	0	0	0
Financing Cash Flow	28,569,000	138,899,000	21,252,000
Summary
Free Cash Flow	-21,900,000	-154,690,000	-5,481,000
Net Change in Cash	-7,311,000	-14,793,000	13,445,000